Quote from: Fatanut on October 30, 2016, 10:59:40 AM

Quote from: serjent05 on October 30, 2016, 06:41:43 AM

Quote from: Fatanut on October 29, 2016, 11:03:44 AM

Quote from: HoshiPost on October 26, 2016, 02:04:05 PM

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price. But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy. One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

Simply spending your bitcoins doesn't necessarily promote bitcoin unless you post it on your facebook account showing people your transaction. When you spend your bitcoins, what's happening is a deal between two bitcoin users. There's no non-bitcoin users that are being affected. But I guess it's actually in the seller's perspective that can actually help promote bitcoins. If more and more establishments especially in big cities start accepting bitcoins, people would surely check out what bitcoin is.

Spending bitcoin means there is more available bitcoin in circulation. In addition to that, it will make the bitcoin market healthy. See the picture of everyone holding their bitcoin and not even selling a single satoshi of it. Market will die eventually because of the scarcity of available coins to circulate the market. It will incease in price, yes temporarily until people lose interest to the coin. Once you sell it, it means spending, so that means there is movement of the coins and changing of hands. There should and must be a healthy circulation of bitcoin first before merchants start to accept bitcoin. How can you do business when one factor of it is so scarce because of people hoarding it.