atomium

Sr. Member



Offline



Activity: 406

Merit: 252





Study the past, if you would divine the future.







DonatorSr. MemberActivity: 406Merit: 252Study the past, if you would divine the future. Closed January 11, 2013, 03:54:13 AM

Last edit: January 24, 2019, 05:05:26 PM by atomium #1 Closed







21after2



Offline



Activity: 112

Merit: 16









MemberActivity: 112Merit: 16 Re: Deciding whether to use my coins or hoard them... January 11, 2013, 05:24:14 AM #3 I get where you're coming from. I'm honestly not sure what to do with a good amount of my coins either. Hoarding is an especially attractive option at the moment since prices are rising, but I think doing business with BitCoin promotes even further growth. I'm thinking of splitting my BTC in half within the next couple of days; half will go in an online wallet to hoard, and the other half I'll use for purchases or business opportunities to help increase the Bitconomy

franky1



Offline



Activity: 2884

Merit: 1751









LegendaryActivity: 2884Merit: 1751 Re: Deciding whether to use my coins or hoard them... January 11, 2013, 11:46:27 AM #8 the word ONLINE in the quote online wallet is the risky and hilarious part the person refers to.



brain wallet or paper wallet are better advised for hoarding. and only inputted into the satoshi client when its time to spend. I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

xxjs



Offline



Activity: 280

Merit: 250







Sr. MemberActivity: 280Merit: 250 Re: Deciding whether to use my coins or hoard them... January 11, 2013, 12:33:50 PM #10 Altruism feels good and could probably work in a shame-based society of less than 150 people. But this is not necessary or even useful for bitcoin now. Critical mass of adoption has passed with a large margin.



So do what is right for you now. It works for payment fiat -> btc -> fiat now, and it work continously better as time passes. More people will keep a cash amount in btc, and direct btc payments will be possible.



As of hoarding, this is for those who have some value that is not needed presently, have and entrepreneurial mind, and see a possibility for a raise in the exhange value for the btc currency.



Hoarding is not negativie for anyone. It has some consequence for the dynamic money supply and exhange value, but remember, every coin will be in someone's wallet always. "Money velocity" doesn't really mean anything useful. Don't listen to the Bernanks of the world, they do not know what they are talking about.



Everyone is different, and everone does as he pleases.

justusranvier



Offline



Activity: 1400

Merit: 1006









LegendaryActivity: 1400Merit: 1006 Re: Deciding whether to use my coins or hoard them... January 11, 2013, 01:11:43 PM #11 I'm trying to move as much of my routine spending into Bitcoin as possible. So far I'm successfully paying for mobile phone service with bitcoin, and I've convinced my landlord to open a Coinbase account and make a payment page so that I can now pay my rent with bitcoins.



By the end of 2013 I want to pay all my expenses directly with bitcoin or via a bitcoin-funded prepaid debit card. At that point I'll convert every paycheck to bitcoin and hold no dollar savings.

Jakers



Offline



Activity: 84

Merit: 10









MemberActivity: 84Merit: 10 Re: Deciding whether to use my coins or hoard them... January 11, 2013, 01:31:08 PM #12 Start doing Loans and Merchanting, that way they'll still be sitting there but your stack will be slowly increasing over time. I'd say since the amount of BTC is permanent but the deman will continue to rise, all they'll do is get more expensive, why sell them now? This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for

atomium

Sr. Member



Offline



Activity: 406

Merit: 252





Study the past, if you would divine the future.







DonatorSr. MemberActivity: 406Merit: 252Study the past, if you would divine the future. Re: Deciding whether to use my coins or hoard them... January 11, 2013, 08:32:56 PM #14 Quote from: 21after2 on January 11, 2013, 05:24:14 AM

I get where you're coming from. I'm honestly not sure what to do with a good amount of my coins either. Hoarding is an especially attractive option at the moment since prices are rising, but I think doing business with BitCoin promotes even further growth. I'm thinking of splitting my BTC in half within the next couple of days; half will go in an online wallet to hoard, and the other half I'll use for purchases or business opportunities to help increase the Bitconomy

I will probably do the same, keep a separate wallet as a savings account and have another account for spending. My main goal is to create a business and start operating in bitcoins only. I will probably do the same, keep a separate wallet as a savings account and have another account for spending. My main goal is to create a business and start operating in bitcoins only.