Post
Topic
Board Economics
Re: Spending Bitcoins
by
delliaerd
on 13/04/2017, 22:24:05 UTC
Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.
I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.


Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.


Not everyone wish to spend their coins and will not spend until the price of bitcoins have their target price as bitcoin is a pure investment for them so they will sell or spend them only when they are making enough profits from it.

I think it is better to spend a small percentage to help the circulation.


Yeah and I think everyone is spending certain percentage of their coins on trading and gambling sites hoping to make quick money and which is also helping the circulation but those who don't have any knowledge of trading and gambling will prefer not to spend their coins and will hold them for the future.
to i think it is not right time to spend or invest your bitcoin anywhere, i think you need to hold your bitcoin for the price increase as it is expecting by the expert of bitcoin that the price of bitcoin will increase more and more.

I couldn't agree more with you dude. Investing bitcoin for now is not bad as you said, botj holding and invest is need to wait. So when you found a legitimate place to invest it would be great . Your bitcoin still hold as investment but for advance you got a profit while bitcoin increase the price in the future.