Post
Topic
Board Bitcoin Discussion
Re: why you shouldn't trade Bitcoin
by
cellard
on 28/07/2015, 22:54:29 UTC
By just sitting on your coins, instead of using them, Bitcoin won't grow!
That is a myth, sir, and I mean to slay it!

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!

Please read:
https://medium.com/@agilemofo/why-you-should-care-about-bitcoin-1a812f8fa7cd
https://medium.com/@spc_bitcoin/accelerated-learning-for-bitcoin-ab461d4ee1b7
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/
http://trilema.com/2013/things-that-matter-these-days-things-that-dont-matter-these-days/
https://en.bitcoin.it/wiki/Myths



Let the paper banknotes return to their intrinsic value while our hungry infant feasts on bankster wealth.



This. The more money we extract from the evil fiat system the better. It only strengthens Bitcoin. It raises its marketcap, everything about ti is positive. There will always be other people that can afford or it just dont care about holding to spend some of it.