Topic: Are you ready to spend crypto when market is down - page 12. (Read 3029 times)
If there isn't another choice, I'd be willing to spend some of my holdings, especially my alt coin. Of all the crypto currencies, I like to hold bitcoin and ethereum for the longest.
Crypto is being spent and its important that circulated BTC is about trade not just speculation I think, it creates a background of supply and demand. I will spend some and hopefully its getting easier to do so without any hitches or excess fees to discourage people from small general usage.
https://www.theinsaneapp.com/2022/10/google-to-accept-bitcoin-and-crypto-for-cloud-services.html
I saw this today saying Google will take BTC for server payments, thats useful to have as an extra route but needs to be that BTC is commonplace
https://www.theinsaneapp.com/2022/10/google-to-accept-bitcoin-and-crypto-for-cloud-services.html
I saw this today saying Google will take BTC for server payments, thats useful to have as an extra route but needs to be that BTC is commonplace
The rising inflation force me to spend Crypto unlike the market. We can experience the increase in price over each and everything. Same time the increase in the monthly pay haven't got big variation and this force to spend the crypto holding at times when there is no other choice. Overcoming the situation and holding cryptocurrency in these days have turned to be big task. The present market is time to hold and to accumulate more.
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
Shopping online using crypto payment methods, in my opinion ready or not it depends on the amount we spend, I mean, high prices of crypto or falling prices of crypto in the market, it's the same only if the price of crypto goes down, you pay a little more with crypto that is adjusted to fiat currency and vice versa.But for me the readiness to shop and pay using crypto types when the market is like this, is not a good solution, just imagine, if there is a car company and sells a certain car at a price of $ 20k/units, of course you have to spend for example using Bitcoin, you have to spend more 1 Bitcoin at this time, if you measure today's price, but if Bitcoin is at the level of $ 40k, you only spend half Bitcoin only to buy a car, the conclusion is that the solution is less fun to make payments with crypto today in online shops / companies, that's my understanding in common sense.
Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
As long as crypto is not yet globally accepted, most likely people will see bitcoin or crypto as a profitable investment than just a plain currency. Although spending it is one way of promoting crypto, but at the end of the day profits is more than important. That is why I chose not to spend my crypto particularly if the value is at loss, I will just wait for a good price to sell and spend crypto like a currency.I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
Even if bitcoin and cryptocurrencies are globally accepted but their prices are still volatile, no one will want to use them as a mere currency. In my opinion, it is not necessary to use them for spending to promote their growth and popularity. Today, it can be seen that companies and corporations investing in bitcoin also expect that it will bring profits, so as long as it is a good investment like other asset classes, it will also become popular. Honestly, I have never wanted to use my crypto assets to spend, I prefer to invest, hold to make a profit.
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
This is a strategy or someone's way to regulate the rhythm of their financial investments, where they have their own time for when to start and end their trading positions. they always wait for the best moment to buy when the price drops and release when there is an increase in the price of each coin they hold. The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.
If your goal is for the long term and prefer to use cold cash that you don't spend on a day-to-day basis, then you have a better plan and you basically also need a bigger drop in order to buy more valuable assets in bear conditions. This means that you also like profitable investments even though you don't dare to use the money you need every day, because with that you will think of looking for other money that doesn't interfere with your daily expenses.It is important to have skills in managing finances before investing.
because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in
As I said above where he needs cold money to run the investment he wants. And I think that's a very wise thing because he doesn't want to be pressured just to make certain investments. So he himself will also look for wiser ways to invest, moreover he also likes investing in the long term, he said. because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in
Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I’m not accumulating bitcoin just for expecting nothing in returns. As much as possible, I would love to accumulate and hold more of them than use them later on as a currency. I believe bitcoin is supposed to be more of a currency than as an investment, but knowing cryptos are expensive than fiat, then we cannot just spend crypto with lower value in the market, just because we need to contribute for as faster global adoption. I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I would rather never spend crypto. Its just a huge disappointment to see your coins going down. Instead, why not hedge your coins against fiat and make more coins by trading? Never sell at a loss, never forget to buy at a bargain. Although depending on your individual trading strategy, you might find hodling to be the better of the two options. Either way, coins to me are more valuable then most unnecessary things. The only except is living costs and thats it, really. Apart from those spendings, there is absolutely no excuse whatsoever to throw away coin. 
I don’t intend to just keep my crypto forever, but it would be more frustrating to know that you spend much on buying crypto with the aim of making huge returns in the future, and now you will just easily use it at a lower value? That sucks for me. I would have spend fiat the whole time and would love to keep my crypto first until I see a perfect time to sell my coins and convert it to fiat for a bigger funds. Unlike the market situation I used to cashout bitcoin and use it for my needs. I do this once after missing opportunity to sell at the peak in the past. Later on, if there is a need I'll sell bitcoin and other cryptocurrencies and make use of it. Even in this bear market I've cashed out little limiting my needs.
If that's what you have to do I don't think there's a problem because meeting the needs in life is also important,more precisely limiting spending because the current global economic condition is not doing well,
Moreover, inflation is also happening everywhere and this is not easy
However, there is a limit to it, if you end up selling to go to vacation for example that’s not good, because you could avoid vacation and your life would still be fine, you are not forced to go to anywhere, you could stay at home and keep your bitcoin, sure buy food, pay bills, pay the debt, these are all fine, but don't get a new hat with it, you don't need it. Make sure you cash it out for things you actually need.
Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I think the answer is a case-to-case basis as it really depends on the situation.
Generally, I treat my BTCs as an investment where I can almost liquidate if the need arises. Given that there are tons of exchanges where you can easily convert your cryptocurrencies to your desired currency, if the need really arises then I will most definitely convert my BTCs to cash regardless if it is a bullish or bearish market.
Again, treat your investments as something that can be used anytime. If an unexpected emergency suddenly occurs, do not hesitate to use your investments as the fund for it (assuming that your emergency fund cannot answer for the fees needed).
The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.
It is important to have skills in managing finances before investing.because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in
Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
Well as of the moment, with the prevalent cryptocurrency market conditions,
I intend to hold my bitcoins and probably wait to buy more of it when prices
dip a little further. We all do have our preferable baseline prices to buy and sell
crypto, mine hasn’t been that close yet. Im a bit puzzled since I am hoping for
prices to improve in the coming December. That would be a good time to spend
crypto if all goes well.
The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.
It's important that you understand the business, it's true that using spare money that you allocated to this business would allow you in not to panic whatever the situation around the market, it's something that you can adjust and not to ride along those people who are worried fearing that they will lose all the money that they stake while investing to this market, bear market is part of this industry and when buying during the heavy fall the chance that you will make a decent amount of profits is also possible, it's just a matter of time when the market will bounce back and deliver a good amount of profits.
The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.
As investors, of course we must be prepared and accept if bad things happen, I have several times hold coins and become a scam, especially just a price decline, of course, is a normal thing because we have also felt when we get a big profit, so don't complain when we see market bearish .
That's the investor's risk and it's not easy, but that doesn't mean we just give up.continue to learn by improving knowledge and skills,
when bear market is better we have to stay calm and don't panic because it can cause problems
Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I have seen many people complain about the market and how they are not interested in buying something with their crypto when the price is low and I believe that this is because it is difficult for those people to spend their cryptocurrency. Yes, it's true that we can't wait forever to spend the cryptocurrencies we buy but sometimes if you want to wait for the price to go up, you have to be prepared to spend it at a good price.
My view is simple. Cryptocurrencies are made to be the first currency, the second investment tool. Therefore, it should be treated as a currency, not as a security or a product.
As investors, of course we must be prepared and accept if bad things happen, I have several times hold coins and become a scam, especially just a price decline, of course, is a normal thing because we have also felt when we get a big profit, so don't complain when we see market bearish .
I'm not aware of many stores accepting bitcoin and altcoins as payment method. But if I found a product of my interest online and if it were possible to pay for it with bitcoin, I would definitely make the purchase, despite bitcoin being cheap or expensive on the currently moment. I'm in favour of using btc as currency, instead of an investment exclusively. I believe that is a good way to encourage more sellers to start accepting crypto from their customers on their respective shops.
Anyway, without doubts that is not the general mindset in crypto universe. Most adopters still don't use or see their crypto assets as currencies, since they only hold and sell later for fiat profit.
You have a good plan here, unlike those that think they could be extreme about Bitcoin and other Cryptocurrencies. Crypto has shown many that are wise both the good and the bad side, which is why many have gained and many have lost by holding it. It all has to do with how speculative and smart you are, not how much you like it. A good selling of them at high prices when you know that their market could fall is a good bargain, so that you would buy them back at cheaper prices. Anyway, without doubts that is not the general mindset in crypto universe. Most adopters still don't use or see their crypto assets as currencies, since they only hold and sell later for fiat profit.
Depends on the price I've bought Bitcoin. But in general I am not ready to spend it. It is personal, but so far I manage to cover my expenses by fiat. And using crypto to pay for something, just because I can isnt the wise thing to do. Specially when the value of 1 EUR I can but 1 EUR worth goods, but for value of 1 EUR in Bitcoin, with time I could but more.
On the other hand, if we want to cryptocurrency to be adopted quicker and be more popular, we are obliged to use it. Otherwise it will turn into an instrument of long term investment, holding and one day it will turn into antiques.
On the other hand, if we want to cryptocurrency to be adopted quicker and be more popular, we are obliged to use it. Otherwise it will turn into an instrument of long term investment, holding and one day it will turn into antiques.
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