Quote from: Bitcotalk on January 05, 2017, 10:40:34 PM

Quote from: GMPoison on January 05, 2017, 10:11:10 PM

Quote from: deisik on January 05, 2017, 08:41:50 PM

Quote from: Vika NSFW on February 21, 2016, 12:32:23 PM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

It is a vicious circle of sorts

You can't spend your bitcoins (apart from gambling them away) until there are enough merchants ready to accept them. But merchants won't accept bitcoins unless there is enough demand for their merchandise being paid for with bitcoins. Some people say that the merchants won't start accepting Bitcoin en masse till its price stabilizes a little, and there is certainly a grain of truth in this claim. But how the price will ever stabilize if people are using Bitcoin mainly for speculation since they basically have only two options available to them, i.e. either to hoard bitcoins or trade them? Thus we are volens-nolens back to square one

Well put. Storing bitcoins doesn't necessarily go against bitcoin. By buying and storing bitcoin you've done more to support it than not having bought any at all! Of course where the opportunity arises you should definitely spend your bitcoin to support the shops that do accept them, but until then storing isn't a bad thing.

OP is suggesting that if no one will use bitcoin for their needs then no one will offer services on bitcoin and it will harm bitcoin. The answer to it is that people have to put their extra money in bitcoin and have to store it and if they have to spend some money for their needs then they do not have to spend their money directly but they have to convert their money to bitcoin and have to go to those stores where bitcoin is accepted. So there is no harm at all.

I assumed that was what he meant but it was too vague for me to tell through his message. I agree with you though, support bitcoin and keep some money in it so one day if you see a place that accepts it, you can support them by using it over fiat!