Post
Topic
Board Bitcoin Discussion
Re: why you shouldn't trade Bitcoin
by
ajareselde
on 28/07/2015, 23:47:53 UTC
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.
As has been explained numerous times: holding and spending are not mutually exclusive.

By spending + buying back the same amount of bitcoins, you are essentially holding (thus keeping money out of the evil fiat system) and helping the Bitcoin economy grow at the same time.

Indeed, the better way than holding is to trade and rebuy lower a larger quantity of it, and that also means that in time your profits increase largely if you reinvest all, but it's
also obvious that the risk increases as well, so it should be well thought out trades you do.
Furthermore, bitcoin was created to be spent also, so i don't see the reason why anyone would avoid that. Some people don't differentiate spending and dumping.

cheers