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Re: du you spend coins on real life.
by
bitkilo
on 08/07/2016, 11:33:23 UTC
there are few cafes shops in the uk thats accepts coin and i somehow spend some  have you your experience ? and how did you feel? when i was  sending coin  peoplein the cafe was looking at me and asked me about it truly i feelt like im .... hurraaaaaaaa
No I would if there were stores that accept Bitcoins but in my country no stores accept Bitcoins they do not even know what Bitcoins are. It would be a huge thing if Bitcoin made this possible.
I have spend some Bitcoin in real life but to me it does not really matter if I spend my Bitcoins or cash both are doing the same thing so what does it matter. Spending cash is a little better because you can make money with the Bitcoin so it is a bit of a waist to be spending them allot.

I save most of my bitcoins in the cold wallet. I might use some to help the circulation. Either way, it will increase the price.

I hold most coins for the long term. I have hold them for several years. They have increased in value many times.

If you are only holding and not spending your coins then how you gonna make profits from it? Try to spend or sell when you see higher price as you can again buy when price falls.
The whole idea behind people holding coins is that they are waiting for a price rise, buy in at $200 sell at $2000 one day and that's $1800 profit right there.

You can hope to buy low and sell high to profit that way too but what if you sell at the floor and never have a chance to get back in at the same price or lower. If that was to happen you would not only fail to profit but you would also lose money.

Earning small profits regularly will be more higher in compare to holding too long, if you trade on regular basis then you can earn much more profits in quick time.
Not exactly, what if you had been holding 10000btc for 6 years now and decided to sell today, now i don't have a price history chart or a calculator on me but that is one big percentage profit just by holding.
Sure it probably won't happen again but who know it might.

The more coins you hold the bigger your return when you finally decide to cash in, dont really know why anyone would want to cash out all if many of their bitcoins ever.