Are you holding BTC just for the price increase?

[Fivestar4everMVP]

Currently, there are not many countries that allow bitcoin as a payment method, I only know that El Salvador is a pioneer in accepting bitcoin as a means of payment.

I'm not sure how many countries explicitly allow Bitcoin for payment, but tons of digital stores accept Bitcoin. I'd assume the country they're based in at least doesn't punish them for accepting BTC or allowing people to buy stuff with BTC. One digital store that I regularly visit is based in Singapore and they've been accepting Bitcoin for years now. It's not exclusive to them either. I believe that's no surprise considering how many payment providers are available on the market nowadays. I think you'll be able to find other examples if you want to pay with BTC. It just takes a bit of time to look around. CMIIW.

Even In Nigeria where bitcoin and all forms of cryptocurrency trading is banned, some services and stores still on their own accept bitcoin as payment for their services or goods, though they usually will not make any sign available to customers that they accept bitcoin payment, acceptance is simply based on the customer's request, and for some of this stores or services to agree they accept bitcoin payment, you have to be a customer they have known for a while, this i believe is a nothing but a precautionary measure they've put in place to help them not make the mistake of accepting bitcoin payment from a government agent mistaking him or her for a true customer.

Overall, bitcoin is accepted in several parts of the world, regardless of regulations and bans,  but personally, I still prefer to spend fiat than spend bitcoin on goods or services.

[|MINER|]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

Yes bitcoin market has increased a lot now but according to my strategy could not reach that goal. So I will be holding my bitcoins for now. If Bitcoin reaches 74k I will still hold Bitcoin. Because I have taken a long-term strategy and according to that strategy Bitcoin has to pass 100k only then I will sell bitcoin. And another thing I want to say is that just because you are holding Bitcoin does not mean that you will know about its technology. But yes when a person comes in contact with it he will understand its basic things but they are not that uncommon.

[nakmantu99]

Even In Nigeria where bitcoin and all forms of cryptocurrency trading is banned, some services and stores still on their own accept bitcoin as payment for their services or goods, though they usually will not make any sign available to customers that they accept bitcoin payment, acceptance is simply based on the customer's request, and for some of this stores or services to agree they accept bitcoin payment, you have to be a customer they have known for a while, this i believe is a nothing but a precautionary measure they've put in place to help them not make the mistake of accepting bitcoin payment from a government agent mistaking him or her for a true customer.

Overall, bitcoin is accepted in several parts of the world, regardless of regulations and bans,  but personally, I still prefer to spend fiat than spend bitcoin on goods or services.

I also prefer to spend FIAT than bitcoin, because the price of bitcoin is likely to go up higher if we hold it longer.
like Nigeria where crypto currency trading is prohibited, why do they spend it? Isn't this against the rules? Shouldn't we obey the rules set by the government, because in my country it is also prohibited for payment methods but allowed as an investment. Maybe in the future bitcoin will be allowed as a payment method, but considering the increasingly expensive price of bitcoin, it feels better to hold our bitcoins than to make transactions that will make the price of bitcoin more expensive in the future.

[LogitechMouse]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

Isn't holding Bitcoin = supporting the technology? I mean I don't need to hold Bitcoin to learn the technology behind it.
I will be hypocrite if I will say that I'm not one of them.

I support Bitcoin, and I use it in ways that it can be used and one of them is to buy and sell. Many sees it as an asset more than a currency hence, many people are holding it because they hope that they will make money if they will just hold the token. Aside from holding some Bitcoin, I'm also using some of it for paying a portion of our expenses. Of course it's not being paid in Bitcoin directly, but I'm converting it into our own currency in order to pay it.

[Faisal2202]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I am holding BTC, which means I have invested in them with the aim of making a profit from them and if I want to experiment with things for which I don't know what type of experiments I can do then I might not waste my money on experimenting because I am not a developer and I am not going to find anything unique by wasting money.

So my efforts are always to learn something new, and I wish to make a profit while researching, not wasting it. I might use inscription when there was a hype, I might use BTC on many Layers of BTC blockchain, but I did not because I don't want to, with time when I have to I will but till then I don't know if its bad but I don't want to test them.

[Rruchi man]

Is there anyone here holding BTC to learn the technology?

If you're investing in Bitcoin and you're holding it, there's no way that you're not going to learn about the technology along the way because you would realize the need to know that it is self-custody that you're practicing, and the more knowledge you have, the better for you and the better your chance at safety.

Or maybe predominantly using it for trading?

I have used bitcoin in gambling many times in casinos; I hope that counts too that I am not just hodling for the price increase.

[SmartGold01]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I don't hold our currency and not even in local account all my investment and savings are in bitcoin, my involvement in trading and scalping are all in bitcoin and I only use fiat when I think I needs to buy things or something important at home without undermining when to sell or time to sell. The thing is, I have special wallets where I have my funds stored separately, like for investment and for urgent and immediate use. While for trading they are in trading account whenever I feels is time to move out my profits to an investment wallets then i do that without any compromise.

[joniboini]

Still, since Bitcoin is not legalized in most places, there is potential for legal complications when transacting through Bitcoin. Although many do this transaction. I personally like Bitcoin's decentralized design. I believe that if one holds bitcoins he can protect his personal  assets as well as gain financially by holding bitcoins.

I understand that. I'm not sure if the government would actively try to look for people who make Bitcoin transactions if the volume is lower than $1000 or so per month though. I feel they'd earn more by enforcing taxes on exchange instead. Still, nothing is wrong with being careful.

i believe is a nothing but a precautionary measure they've put in place to help them not make the mistake of accepting bitcoin payment from a government agent mistaking him or her for a true customer.

That's interesting, I didn't know that. Although the context is quite different from a country that doesn't explicitly ban Bitcoin for making payments, I guess we can see similar practices in other areas too. I don't think merchants in my country do the same though, at least not that I know of.

[doc]

I am holding BTC, which means I have invested in them with the aim of making a profit from them and if I want to experiment with things for which I don't know what type of experiments I can do then I might not waste my money on experimenting because I am not a developer and I am not going to find anything unique by wasting money.

So my efforts are always to learn something new, and I wish to make a profit while researching, not wasting it. I might use inscription when there was a hype, I might use BTC on many Layers of BTC blockchain, but I did not because I don't want to, with time when I have to I will but till then I don't know if its bad but I don't want to test them.

Holding bitcoin is a good way to do it because this coin is very safe to hold in the long term. but we can also diversify on altcoins, of course do observation and analysis first before buying coins that you will hold, if you choose altcoins because they are very risky.

I don't hold our currency and not even in local account all my investment and savings are in bitcoin, my involvement in trading and scalping are all in bitcoin and I only use fiat when I think I needs to buy things or something important at home without undermining when to sell or time to sell. The thing is, I have special wallets where I have my funds stored separately, like for investment and for urgent and immediate use. While for trading they are in trading account whenever I feels is time to move out my profits to an investment wallets then i do that without any compromise.

I don't hold our currency and not even in local account all my investment and savings are in bitcoin, my involvement in trading and scalping are all in bitcoin and I only use fiat when I think I needs to buy things or something important at home without undermining when to sell or time to sell. The thing is, I have special wallets where I have my funds stored separately, like for investment and for urgent and immediate use. While for trading they are in trading account whenever I feels is time to move out my profits to an investment wallets then i do that without any compromise.

[taufik123]

I am holding BTC, which means I have invested in them with the aim of making a profit from them and if I want to experiment with things for which I don't know what type of experiments I can do then I might not waste my money on experimenting because I am not a developer and I am not going to find anything unique by wasting money.

So my efforts are always to learn something new, and I wish to make a profit while researching, not wasting it. I might use inscription when there was a hype, I might use BTC on many Layers of BTC blockchain, but I did not because I don't want to, with time when I have to I will but till then I don't know if its bad but I don't want to test them.

Holding bitcoin is a good way to do it because this coin is very safe to hold in the long term. but we can also diversify on altcoins, of course do observation and analysis first before buying coins that you will hold, if you choose altcoins because they are very risky.

Bitcoin is the main portfolio for the long term, and yes we also need to grow the portfolio by doing a diversification strategy.
So that more coins will be held and of course have a greater opportunity to rise.

Choosing the top altcoins with continuous development would be good advice, But also understand that each altcoin has different characteristics.

Indeed, Bitcoin and altcoins will yield profits that can exceed your expectations, provided you enter at the right price and exit at the price you have targeted.

[salad daging]

I am holding BTC, which means I have invested in them with the aim of making a profit from them and if I want to experiment with things for which I don't know what type of experiments I can do then I might not waste my money on experimenting because I am not a developer and I am not going to find anything unique by wasting money.

So my efforts are always to learn something new, and I wish to make a profit while researching, not wasting it. I might use inscription when there was a hype, I might use BTC on many Layers of BTC blockchain, but I did not because I don't want to, with time when I have to I will but till then I don't know if its bad but I don't want to test them.

Holding bitcoin is a good way to do it because this coin is very safe to hold in the long term. but we can also diversify on altcoins, of course do observation and analysis first before buying coins that you will hold, if you choose altcoins because they are very risky.

Bitcoin is the main portfolio for the long term, and yes we also need to grow the portfolio by doing a diversification strategy.
So that more coins will be held and of course have a greater opportunity to rise.

Choosing the top altcoins with continuous development would be good advice, But also understand that each altcoin has different characteristics.

Indeed, Bitcoin and altcoins will yield profits that can exceed your expectations, provided you enter at the right price and exit at the price you have targeted.

Bitcoin is indeed the main portfolio even more than 80% of most of the remaining bitcoins are some of the top altcoins that I hold.
I know the opportunity in altcoins has great potential but I am not so brave to take more in altcoins it is too risky so I only dare a little.

Maybe some altcoins that will provide decent profits are: ETH, BNB, SOL, SUI.
If for example from a new altcoin listing then it will not dare to invest.

[Gposas]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I may not really know if there are other reasons of holding a crypto asset like BTC other than for the sake of investment. HODL until price grows as much as the investor wants to sell off.
I can't really comprehend if there are other reasons for holding BTC if not for profit making... Because the technology and also how it works could be researched about even without having any asset on hold, otherwise there's something I ain't getting correctly.
As for me and others I'm met in the Crypto world, we all purchase BTC and keep on hold for the future, hoping the price will increase even x2 and enough profits could be realized.

[Hisbullah]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I may not really know if there are other reasons of holding a crypto asset like BTC other than for the sake of investment. HODL until price grows as much as the investor wants to sell off.
I can't really comprehend if there are other reasons for holding BTC if not for profit making... Because the technology and also how it works could be researched about even without having any asset on hold, otherwise there's something I ain't getting correctly.
As for me and others I'm met in the Crypto world, we all purchase BTC and keep on hold for the future, hoping the price will increase even x2 and enough profits could be realized.

I think people buy bitcoin, the majority are looking for profit, that's why they hold bitcoin for the long term because they want bigger profit, And currently bitcoin is the safest coin to hold for the long term, so the decision to hold long term is the right decision.
I don't know anyone who buys bitcoin to research the technology of this coin, if that's true, maybe he doesn't hold bitcoin just trying to use bitcoin for transactions.

[MRY]

Some of the discussions here, mostly about bitcoin prices, and that assumes you are using Bitcoin as your own personal money-making machine...

Is there anyone here holding BTC to learn the technology? Or maybe predominantly using it for trading?

Just curious to see how many people (on this forum) use BTC for other than trading...

I may not really know if there are other reasons of holding a crypto asset like BTC other than for the sake of investment. HODL until price grows as much as the investor wants to sell off.
I can't really comprehend if there are other reasons for holding BTC if not for profit making... Because the technology and also how it works could be researched about even without having any asset on hold, otherwise there's something I ain't getting correctly.
As for me and others I'm met in the Crypto world, we all purchase BTC and keep on hold for the future, hoping the price will increase even x2 and enough profits could be realized.

I think people buy bitcoin, the majority are looking for profit, that's why they hold bitcoin for the long term because they want bigger profit, And currently bitcoin is the safest coin to hold for the long term, so the decision to hold long term is the right decision.
I don't know anyone who buys bitcoin to research the technology of this coin, if that's true, maybe he doesn't hold bitcoin just trying to use bitcoin for transactions.

Indeed, the most people who invest in the Bitcoin tend to do so in the hope of earning a certain amount of profit whichever the case may be, this is why long term investment in the Bitcoin is always said to be the best. That is why many experts consider Bitcoin as comparatively safe in comparison to the other cryptocurrencies: It is highly volatile yet offers greater profits in the long term. Nevertheless, while the majority of people regard it as an investment instrument, it is also worthwhile to take into account that there are others who focus on such technologies as Bitcoin – blockchain. Some of them can spend Bitcoin for transactional or experimental purposes, however this is just a small percentage of group interested in the future value growth.

[rachael9385]

To be honest if I were to be an investor in Bitcoin or if I had Bitcoin my main aim would be to keep it for profit while the price is increasing, the main aim of everyone one right now is to hold there Bitcoin and sell it when there is enough profit. One can also watch and keep not only keeping.