Quote from: hantmec on July 26, 2015, 03:44:17 PM

That depends. In both cases you are worried about earning fiat, not bitcoin, which goes against the idea of Bitcoin itself.

Furthermore, holding bitcoin expecting to get rich later is what happens among most bitcoin buyers and probably the HUGEST barrier to bitcoin growth and adoption. Bitcoin should be used as a currency, to buy and sell things. Sitting on huge amounts of bitcoin can be profitable in the long run dollar/euro/yen/general fiat wise, but it does not make Bitcoin work the way it should.

It is a coin, to be used for trading, not an antique artifact to hold until its value grows exponentially and you convert it back to conventional money.

And I'm not blaming anyone directly, I have this mentality myself and only used 5% of my bought bitcoin for shopping.

That doesn't have to have anything to do with fiat.
I also hope that Bitcoin get so widely adapted and the price goes so high, that I could buy various expensive things, with the Bitcoin I have. That doesn't mean, I want to convert them to fiat.

Also, there is nothing wrong with hodling, since there is nothing wrong with savings. I am not the kind of person that lives from salary to salary, I also had savings before Bitcoin. It is just, that now these savings are mostly Bitcoin instead of Euro in a bank account.
Spend Bitcoin, when it is convenient, which depends strongly on the country you are living in. There is no point in spending 100% of the Bitcoin you have.