Quote from: Harlot on March 06, 2017, 01:18:09 PM

Quote from: Viscore on March 06, 2017, 01:11:13 PM

Quote from: TalkTalk on March 06, 2017, 11:16:59 AM

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

Bitcoin for most including me is more like an asset. Bitcoin's growth right now is good too good to be spending it as a money. I treat more of it like an investment in which I will see it grow overtime, I would rather choose to spend my fiat currency first because it is stable and it won't bother me because it won't change its rate fast like Bitcoin. Holding Bitcoin is also supporting Bitcoin because you take a hold of it until you are satisfied with its price. Grin

If everyone will start holding their coins without spending them then it will make bitcoin a weaker currency and it will not contribute to stronger bitcoin economy as the rotation of coins is mandatory to take its price to higher level so its best to sell them when price goes higher and buy it back if you see major price drop.