Quote from: Jace on July 28, 2015, 07:49:48 PM

Quote from: Beliathon on July 28, 2015, 01:11:29 PM

Ignore this noob. Hold your coins, spending is a tactical mistake in this game.

-sigh-

Quote from: Beliathon on July 28, 2015, 03:51:58 PM

Wealth held in bitcoin represents wealth that was formerly held in fiat. Every satoshi - every cent - makes the network stronger and more valuable. We're growing a baby black hole here, the more mass we feed it the bigger the event horizon. In other words, HOLDING IS GOOD FOR BITCOIN AND DEADLY TO FIAT!

Geez, why are some people so reluctant to see that HOLDING and SPENDING are not mutually exclusive Undecided

Again, please read my reply above and especially this part:

Quote from: Jace on July 27, 2015, 07:23:03 PM

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 can't stress this enough: by spending bitcoins and buying them back at the same time, you are effectively still holding (since the number of coins you have stays the same). Except now you actively help Bitcoin grow as well. Win-Win! THIS is deadly to fiat!

but you will lose on fees, if BTC really skyrockets may be a significant amount