Quote from: turvarya on February 08, 2015, 10:01:15 AM

OP just went full retarded, never go full retarded.

Quote from: Jace on February 08, 2015, 09:18:00 AM

Quote from: cuddaloreappu on February 08, 2015, 03:41:09 AM

So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!

No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree Angry

Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:

1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy

or

2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.

Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this Undecided

Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)

By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.

I second that.

But it depends where you spend. If you're spending at a place that instantly converts the bitcoin back into fiat, then you actually didn't help bitcoin much by buying with it. You just got it sold into US dollars and more US dollars used.

So I would recommend 1.) HODLing as the OP says, or 2.) spending at places that hold the bitcoin and don't instantly sell it.