Storing bitcoin is not prohibited. People can choose what they want to do with their bitcoin. Some people hold because they think bitcoin will net them profit in the long term and some others using bitcoin as a currency and use them in transaction. Both didn’t break any rules and regulation and i don’t see anything wrong with storing your bitcoin.
This isn’t productive. There are loads of posts here like “they do what they want” but that’s a meaningless statement because no one actually argued otherwise, they just said it was a bad idea. I’m sure you suggest a lot of things people do are annoying or a poor idea during your everyday life, someone doesn’t need to tell you “they can do what they want” every time.
Still, I don’t really agree with the post, or at least think that the phrasing is weak. People store fiat currency in bank accounts, in physical wallets, etc. Many people even keep them for a long time in savings accounts and use a current account or physical cash for everyday transactions.
I think what OP might have meant was that some people treat bitcoin as if it’s a stock and all they need to do with it is hold to buy and sell for fiat, which I agree is pretty annoying as it doesn’t contribute to bitcoin’s concept of decentralised online exchange or even much to the value of bitcoin.
Published at Sun, 26 Feb 2017 14:05:15 +0000
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