Are you spending or hodling? (a poll to summarize previous threads)

[beetcoin]

if more people used their coins, it would drive the price down a bit but make bitcoin more legitimate. if you are holding, then you are probably contributing towards raising the price.

either way works for me. i'd love to see bitcoin get higher, for personal reasons, but seeing bitcoin become a serious animal is also a bonus.

[Mobius]

Although my net bitcoin holdings are going up on a monthly basis, I do spend a lot of it. For example, I just spent some coins on a small Dell server which will be used as a firewall and to control a cabinet of miners. Last week I spent some BTC on a nice Rado watch from overstock.com. By spending my coins I feel like I am rewarding businesses that accept it. In the long run, you need market penetration for the value to go up. For that to happen, you need more stores to accept it. If everyone holds, no store would bother to accept it as payment.

When I first started to read your post I saw that you mentioned that you bought a server from dell, and I thought that you were the person who had bought $50k worth of server from dell in BTC. Unfortunately after reading more of your post, it turns out this is not the case. I am a very big believer that this is how you should handle your bitcoin. This will show merchants that accepting bitcoin is good for business and their bottom line

[Omikifuse]

You should add the opition trading9buy low sell high stuff).

For me, at the moment I barely buy stuffs with fiat because I want to buy some savings, and so is it Bitcoin. Only if I find something really worth on Marketplace.

But I'm not holding either, because, I sold my bitcoins on exchange until we confirm if we are going to have a downtrend or not.

[jjc326]

The proper protocol is to force yourself to spend, and then replenish what you've spent.

It takes extra effort.  But those who just hold are doing nothing to further the Bitcoin economy, and are thereby reducing the chance their their "HODLINGS" will go up in value.

Use the coins folks.  As often as possible.  Then replenish

-B-

I don't think that's true. If someone held or hodled (haha) then there would be less bitcoins for people to buy so it's more rare so the price should increase. Unless you're just talking about bitcoin integration, then yes you'd want people to be spending bitcoin. But if people are just converting back to fiat not sure if it's helping the bitcoin economy much.

[Hfleer]

I do both, what option should I choose?

It is a stupid question anyway. You can do both, can't you?

[valvalis]

I do both, what option should I choose?

It is a stupid question anyway. You can do both, can't you?

Yeah spend some save some.

[mrcashking]

Im holding but I do a little spending when I do not have enough fiat to get something I need.

[QuestionAuthority]

I've decided to hold what I have left for the day I can walk in a brick n mortar and sell them without a hassle. I'll either end up with a fat stack of cash and a world tour in style or another worthless keepsake on a computer like GeoWorks Ensemble or Microsoft Bob. Either way it's too much of a hassle to buy Bitcoins to replace what I just spent on a purchase. Much easier to just make the purchase and hold the coin.

[desired_username]

I do both. 

[Mr Tea]

I do both. 

I was going to say where's the both option. I think the best situation is to hold most of it as an investment but allow yourself some to spend just to keep promoting the use of bitcoin. If everybody hoddled bitcoin wouldnt be much of a currency.

[LiteCoinGuy]

Are you spending or hodling (saving) your Dollars/Euros?



Hmmmm, maybe both?! And if you are a true Bitcoiner, you want to spent BTC .

[Dogtanian]

Are you spending or hodling (saving) your Dollars/Euros?



Hmmmm, maybe both?! And if you are a true Bitcoiner, you want to spent BTC .

Maybe they do want to spend it, but if you're a "true bitcoiner" you'll also probably realise the worth and potential value behind it and decide to hodl to spend at a later date when you can get more bang for your buck.

[haploid23]

if more people used their coins, it would drive the price down a bit

On AVERAGE, using btc at merchants should not affect the price. In order to use it, then you had to have bought it first. So essentially using the btc and buying it back means there is no net change.

[Kprawn]

WTF is Hodling? Do you mean ---> "Hoarding"? or holding?

Well anyways, anyone can have a type or two.  I do both "Hoarding" bigger amounts in paper wallets offline in cold storage {My extra pension fund} and then I use a small amount online to buy coffee and donuts. 

I feel I have a balanced life with BTC 

[Yeezus]

Are you spending or hodling (saving) your Dollars/Euros?

Hmmmm, maybe both?! And if you are a true Bitcoiner, you want to spent BTC .

I really want to spend my coins, but I want to save them for a bit. Not much I want to buy with them at  the moment. I'd like to get a big TV first I think. Anyone know where I could get one?

WTF is Hodling? Do you mean ---> "Hoarding"? or holding?

It's just an injoke on this site when someone drunkenkly misspelt 'holding' I think hehe.

[Kprawn]

Are you spending or hodling (saving) your Dollars/Euros?

Hmmmm, maybe both?! And if you are a true Bitcoiner, you want to spent BTC .

I really want to spend my coins, but I want to save them for a bit. Not much I want to buy with them at  the moment. I'd like to get a big TV first I think. Anyone know where I could get one?

WTF is Hodling? Do you mean ---> "Hoarding"? or holding?

It's just an injoke on this site when someone drunkenkly misspelt 'holding' I think hehe.

Try Overstock.com - They supporting BTC and we support them. 

[doubleredrolex]

I wish there were some retailers around me that accepted BTC. The only way i can spend it is to cash it out to fiat but thats kinda pointless. I can't wait to go to vegas this winter for CES and see what i can buy with BTC there!

[whysosweet]

I'm holding my huge 0,50 bitcoins forever, I don't want to lose them with trading.

[BitCoinDream]

The proper protocol is to force yourself to spend, and then replenish what you've spent.

It takes extra effort.  But those who just hold are doing nothing to further the Bitcoin economy, and are thereby reducing the chance their their "HODLINGS" will go up in value.

Use the coins folks.  As often as possible.  Then replenish

-B-

I'm sorry. The real hero is the hoarder. => http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/

[btcxyzzz]

But those who just hold are doing nothing to further the Bitcoin economy, and are thereby reducing the chance their their "HODLINGS" will go up in value.

No. Those that are holding are helping the price go up, making the hype, expensive Bitcoin is the best way of promotion right now, not the merchant adoption.