Have you started spending rather than hoarding your bitcoins?

[CoinsCoinsEverywhere]

1 - Attract people saying bitcoin price increased by 1 million percent in the fast 4 years, and they can get millionaires if they have some bitcoins.

2 - Complain they don't spend bitcoin, and for this the price is not rising.

Seems some people are doing the wrong propaganda of bitcoin.

Maybe I'm misreading what you're saying, but for #2, hoarding will increase the price, not make it fall.  If you spend bitcoin, I think most merchants will convert it to fiat very quickly, which will lead to a drop in price.

[1714982941]

1714982941

[1714982941]

1714982941

[polynesia]

You can do both. When you spend it purchase an equal amount to maintain your reserve. I have been doing it pretty frequently through gyft and a few other merchants.

If the merchant also sells his BTC as soon as he receives it, effectively there is no movement in BTC. 

[CoinDiver]

Still holding. Will hold for at least the next 2 years. After the next halving, I'll reconsider.

[RodeoX]

I spend all the time and NEVER "cash out", in fact  have spent about $1000 so far this week. Honestly, I don't know how hoarders understand the real power of bitcoin if they have never even used bitcoin. They spend all their time and profit trying to convert back and forth with fiat. Do they not realize that once you have bitcoin you have money? just spend the coin.

[jambola2]

I use Bitcoin for digital purchases.
I can't really ship anything , because the shipping fees mostly outweigh the item cost.

My digital purchases end up being pretty small though.

So my answer would be hoarding , with only small purchases.
No trade for Fiat in either direction though.

[cech4204a]

I spent most of bitcoins on gambling, and i spent some on a single purchase, maybe i would be buying more in future if there are more shops accepting bitcoins, or maybe more people accepting it.

[Pente]

I try to use Bitcoin whenever possible to make online purchases, but I also immediately buy more to replace any that I spend.

[CoinDiver]

I try to use Bitcoin whenever possible to make online purchases, but I also immediately buy more to replace any that I spend.

This ^

[Brewins]

1 - Attract people saying bitcoin price increased by 1 million percent in the fast 4 years, and they can get millionaires if they have some bitcoins.

2 - Complain they don't spend bitcoin, and for this the price is not rising.

Seems some people are doing the wrong propaganda of bitcoin.

Maybe I'm misreading what you're saying, but for #2, hoarding will increase the price, not make it fall.  If you spend bitcoin, I think most merchants will convert it to fiat very quickly, which will lead to a drop in price.

If I'm not misreading OP, he said we need use our bitcoins to bring mass adoption.
Since mass adoption = bitcoin value skyrocketing, he's saying that we need spend bitcoin to make its value rise, at least in the long run, but bitcoin is sold by many people like the investiment with biggest return ever created(the HODL people from the speculation subforum), so there is no incentive to use it(= lose big money in the future).

If no one wants bitcoin, the price will plungue even if everyone just hold it.

[bitcoboss]

I spend bitcoins but still not enough places to buy with bitcoins

[polynesia]

Somebody needs to go out and buy a pizza or something with BTC. 

[michaelwang33]

1 - Attract people saying bitcoin price increased by 1 million percent in the fast 4 years, and they can get millionaires if they have some bitcoins.

2 - Complain they don't spend bitcoin, and for this the price is not rising.

Seems some people are doing the wrong propaganda of bitcoin.

Maybe I'm misreading what you're saying, but for #2, hoarding will increase the price, not make it fall.  If you spend bitcoin, I think most merchants will convert it to fiat very quickly, which will lead to a drop in price.

If I'm not misreading OP, he said we need use our bitcoins to bring mass adoption.
Since mass adoption = bitcoin value skyrocketing, he's saying that we need spend bitcoin to make its value rise, at least in the long run, but bitcoin is sold by many people like the investiment with biggest return ever created(the HODL people from the speculation subforum), so there is no incentive to use it(= lose big money in the future).

If no one wants bitcoin, the price will plungue even if everyone just hold it.

This sounds a lot like the 'what comes first, the chicken or the egg' question.

[halfawake]

2. bitcoin needs to bring value to society. there needs to be some kind of killer app.

There already is a killer app for bitcoin, or the potential of one, anyway.  It's remittances, or the possibility of them anyway.  Sending bitcoins to another country is orders of magnitutes cheaper than sending money via Western Union.  Even with price fluctuations, you usually come out ahead sending with bitcoin instead of dollars (for example).  The only real issue here is that I think not all countries have bitcoin -> fiat exchanges.  When that happens, or a large majority anyway, we should really do some serious marketing of bitcoins, for this is really the area in which it makes total sense for bitcoin to totally take over.

As far as the original question, I have a stash of bitcoins that I don't plan on spending.  I may trade them if I'm fairly certain I can make a profit (ie, sell high, buy low, and get more bitcoins without spending more fiat).  But otherwise, I'm holding these with the hope that bitcoin will continue to appreciate.

That said, I'm seriously thinking of starting a bitcoin-based business, and if it's successful, those bitcoins I would definitely spend.  Aside from that, the only time I'd spend bitcoins are in a time where I'm buying stuff off a place like bitcoinstore.com where the price is enough lower than it justifies the bit of a hassle of buying bitcoins over just buying stuff on Amazon.  So far, there's only really one thing I want where I'm planning on doing that, a 16 GB RAM chip that was $20+ cheaper on bitcoinstore.com than Amazon.  While I can't speak for everyone, that kind of price difference definitely justifies buying a bit more bitcoins to me.

[polynesia]

If the price stabilizes, there will be an opportunity cost associated with holding bitcoins.
This could prompt people to move out of bitcoins, and get interest on their money from banks.

Of course, if we are able to deposit our BTC holdings with banks and earn interest on that, then there would be no opportunity cost associated with holding bitcoins.

[halfawake]

If the price stabilizes, there will be an opportunity cost associated with holding bitcoins.

Of course, the good thing here is that the opposite of this is also true.  If the price stabilizes, there won't be a cost of spending bitcoins.  Right now, the reason a lot of people are hoarding is that, over the long haul, bitcoin has consistently gone up, rather substantially.  If you have a choice of spending two currencies: one that goes down in value consistently, and another that is highly volatile, but also goes up rather rapidly, which would you spend?  I'd spend the one that goes down, and I think that's why a lot of people hoard, because obviously, they want their bitcoins to become more valuable.

[zetaray]

I am holding most of my coins, but I do spend some of them. Overall, I buy more bitcoin than I spend, is that hoarding? For me that it saving. I have to agree we need to spend more to keep the bitcoin economy going.

[kaiy]

I feel that it is now investment BTC is correct. From a long-term perspective BTC
prospects for development is good. I am not willing to spend some btc
Most of the people are hoarding BTC! The BTC expenditure of only a small part!
Buy a pizza is an exception

[alani123]

I usually pay for items I buy with my credit card. And oh well, guess why. Last time I bought something small with bitcoin the price was ~200$. And it was on a rally at the time so I thaught it could be down on the very next day. I spent most of the coins I had at the time to games only to see the price rise to 1000$ in the same year. Thankfully this somewhat small loss taught me to not use my hard earned bitcoin for unwise purchases. Besides that, I've never bought bitcoins with FIAT, I've earned everything I have through mining and freelancing. So there is no need for me to spend my coins unless I trade altcoins.

[CoinsCoinsEverywhere]

1 - Attract people saying bitcoin price increased by 1 million percent in the fast 4 years, and they can get millionaires if they have some bitcoins.

2 - Complain they don't spend bitcoin, and for this the price is not rising.

Seems some people are doing the wrong propaganda of bitcoin.

Maybe I'm misreading what you're saying, but for #2, hoarding will increase the price, not make it fall.  If you spend bitcoin, I think most merchants will convert it to fiat very quickly, which will lead to a drop in price.

If I'm not misreading OP, he said we need use our bitcoins to bring mass adoption.
Since mass adoption = bitcoin value skyrocketing, he's saying that we need spend bitcoin to make its value rise, at least in the long run, but bitcoin is sold by many people like the investiment with biggest return ever created(the HODL people from the speculation subforum), so there is no incentive to use it(= lose big money in the future).

If no one wants bitcoin, the price will plungue even if everyone just hold it.

Hmmmm, I see.  That is an interesting conundrum.  I'm curious...I've seen many people say that mass adoption => bitcoin value skyrocketing.  I'm not saying that I necessarily disagree, but I don't fully understand the reasoning behind that.  Could you please explain?

[Yakamoto]

1 - Attract people saying bitcoin price increased by 1 million percent in the fast 4 years, and they can get millionaires if they have some bitcoins.

2 - Complain they don't spend bitcoin, and for this the price is not rising.

Seems some people are doing the wrong propaganda of bitcoin.

Maybe I'm misreading what you're saying, but for #2, hoarding will increase the price, not make it fall.  If you spend bitcoin, I think most merchants will convert it to fiat very quickly, which will lead to a drop in price.

If I'm not misreading OP, he said we need use our bitcoins to bring mass adoption.
Since mass adoption = bitcoin value skyrocketing, he's saying that we need spend bitcoin to make its value rise, at least in the long run, but bitcoin is sold by many people like the investiment with biggest return ever created(the HODL people from the speculation subforum), so there is no incentive to use it(= lose big money in the future).

If no one wants bitcoin, the price will plungue even if everyone just hold it.

Hmmmm, I see.  That is an interesting conundrum.  I'm curious...I've seen many people say that mass adoption => bitcoin value skyrocketing.  I'm not saying that I necessarily disagree, but I don't fully understand the reasoning behind that.  Could you please explain?

I'd say that the value would skyrocket because people would start buying BTC eagerly, at a bit more than it's price (Value at the time is $600, they offer $601, goes up from there), since they think that they can buy anonymously.

It's common with stocks, a stock everyone wants is $10, people offer $11 to get it first, etc.