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?
Spending during bear market might not be advisable because of it's current value and many are very optimistic about the future of Bitcoin and cryptomarket, that's why they are not spending it the way it supposed to be. We can consider that they are now treating cryptocurrency as their investment which I think is not a problem because as we can see it's value is not stable and very volatile, which is an indication that this is no longer a currency alone, but more of investments now. 
Topic: Are you ready to spend crypto when market is down - page 16. (Read 3182 times)
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?
I am always eager to spend my crypto coins for purchasing foods or services. Unfortunately, no online and offline stores accept crypto coins as payment tools here. The laws only allow Rupiah as the payment tool in my country, you cannot use other currencies here. If crypto coins are allowed someday, I will directly spend some of my crypto coins.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?
If you are a true crypto lover, you won't think it is a digital asset only but it is a digital currency as well. Although it is an obligation to use crypto coins both for a digital asset and a digital currency, we have a responsibility to support its development by taking part in adopting crypto coins in any sector.
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?
Sometimes, we may have that expectation, to purchase something directly using cryptocurrency because this is also one of the payment methods accepted in some countries and merchants. However, this becomes a problem because it is related to regulations in a country. Currently, I live in a country where crypto is not allowed as a legal tender. So that no merchants accept crypto as a means of payment (openly).
So, it seems that for now, my personal focus is on using crypto as an investment asset.
Not only in Bitcoin, some investments in altcoins that do have utility and strong and sustainable fundamentals can also be an option. Therefore, regardless of market conditions, as long as we have the readiness to invest and know what to do, there will be no problem, in any market condition, be it bearish or bullish.
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?
My answer will strictly to the topical sentence of the thread Are you ready to spend crypto when market is down. I will strongly say yes. As for me, I spend bitcoin every week because there is always need to meet up. Real bitcoiners do not care about the bear market or bull market though they enjoy the bull market because they are not in lose at that time but they must eat or pay bill so money must be spend to meet up demands of the self, family and the society. When crypto market is down, it becomes a favourite time for some users to buy and store for the bullish market. If the particular goods is attractive and you need the thing very much at that particular time of the bearish, and you have the coin my brother, I will buy it. Because I might not get it at another time again or the price of the goods might also rise up more than even the price as of now.
Even on bull market, I don’t want to spend my crypto because I already consider this as investment and I know in the future this can be more expensive. Cryptocurrency is not just meant as a currency anymore, it became a store of value and we cannot blame many for this doing because they can really earn more instead of spending it. The trauma of buying pizza with Bitcoin before might be one of the reason why many rarely spend their crypto for this kind of purposes.
Unfortunately, not all crypto users can afford to keep their crypto in their wallets for long time.
So for me, it depends on your financial capability here. I am also spending my crypto if I needed it.
Thought the thought of increasing its price in the future is always there, I just think that I spend it for good reasons.
So when I spend it, I know I should not regret it later on.
No matter what the market is, if you believe you are spending it for good reasons, then for me, it is worth to take.
Even on bull market, I don’t want to spend my crypto because I already consider this as investment and I know in the future this can be more expensive. Cryptocurrency is not just meant as a currency anymore, it became a store of value and we cannot blame many for this doing because they can really earn more instead of spending it. The trauma of buying pizza with Bitcoin before might be one of the reason why many rarely spend their crypto for this kind of purposes.
Just accept the fact today that the majority of the people are holding their cryptos as an investment. It's up to them if they want to spend it because we don't know the story on how they have acquired those crypto. Although we're helping the crypto economy if we're spending the cryptos that we're holding. I might hold most of my bitcoin but I'll spend a few of the altcoins that I hold if there will be stores available willing to accept the altcoins that I'm willing to spend.
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?
It do really ends up on being a store of value even though it is really been created on being a digital currency but since people or the entire community does see the potential on making profits on via holding thenI 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?
majority of us wont really be spending up our coins if ever we do really see merchants or services around which do accepts crypto.We would really be mainly minding off into our brains that its better to hold it off
rather than spending it actively.You are just simply missing out the opportunity on making some profits in near future years to come if you do able to do so.
Spending up on something that basic or casual then it would be ideal on making use of fiat.
As for BTC and ETH, I personally wouldn't pay with it, I need ETH for gas and I just don't want BTC. That's out of the question for me. However, I am willing to spend other cryptocurrencies where the transactions that are very fast and cheap (Doge, LTC etc.)
Personally I don't prefer to spend my valuable crypto when market is down. Basically I wait for bull run and after getting profit from my investment, I sell crypto step by step. At the time of selling, we shouldn't sell all the crypto if we are in a profit. Down market is suitable for buying, not for selling in my opinion.
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?
Online transaction through crypto currency is mostly in BTC, ETH, LTC and USDT. In general People use USDT most of the time because of its price stability. So it doesn't matter the market is bear or bull.
Using crypto currency as a store of value is not a new kind of practice. People from other countries sometimes buy USD when price came down a little bit and release them in the market when it came back to its normal price. This practice happens not only on crypto but fiat also.
Yes, I can spend Ethereum, Solana and Dogcoin in this bear season but It will be difficult for me to touch my bitcoins, because that is were I invested a huge amount of capital for future profits making. Spending your crypto when the price is down is like wasting time, energy and resources in your investment because selling your crypto when the price is low in the market will not help you to make a passive profits like other investors that invested the same amount of money on crypto and wait for the price to increase higher before they can sell.
Thanks for your responses. I am not judging anyone because everyone is true to some extent and right from their prospective. A lot of people are Seeing Bitcoin as an Security/Investment instrument and profit from it.
I really like your answer personally as it matched Satoshi's aim of creating bitcoin. He wanted it be peer to peer payment instrument.
Bitcoin gets more value when more people come to spend it for purchases & not when holds it in their wallet. No offense to anyone. But people should stop seeing it as investment instrument and see it as normal currency.
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.
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.
I really like your answer personally as it matched Satoshi's aim of creating bitcoin. He wanted it be peer to peer payment instrument.
Bitcoin gets more value when more people come to spend it for purchases & not when holds it in their wallet. No offense to anyone. But people should stop seeing it as investment instrument and see it as normal currency.
I personally prefer to use crypto as a future asset or investment,
because I think it's much better.
indeed crypto has many uses, not just for investment or future assets,
but I am more comfortable and more interested in using crypto only for long term investment.
anyways in my country there are no shops or shopping centers that use crypto as a means of payment.
because if crypto is made into an investment, then we will be calmer and more focused,
because the crypto market if seen every day will affect our psychology,
we become restless when investing.
that's the reason why I prefer or be interested in using crypto as an investment or future asset.
because I think it's much better.
indeed crypto has many uses, not just for investment or future assets,
but I am more comfortable and more interested in using crypto only for long term investment.
anyways in my country there are no shops or shopping centers that use crypto as a means of payment.
because if crypto is made into an investment, then we will be calmer and more focused,
because the crypto market if seen every day will affect our psychology,
we become restless when investing.
that's the reason why I prefer or be interested in using crypto as an investment or future asset.
Depending on the amount of income obtained in the form of fiat. Why, because in order to be able to get crypto, first of all every beginner has to buy with fiat currency. Then what needs to be considered is the level of income and the needs of different people. So, the percentage of the division will be different in using the money.
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.
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.
I am willing to spend some of my assets if necessary, but even if the market is in a bear market right now, I don't believe it is necessary. As long as I have extra cash, I still need to figure out how to maintain acquiring valuable tokens. If you are a holder, make sure you can keep it for up to three to five years.
Foolishness to some but reasonable to others. It is true; you'd only lose in an investment once you chose liquidation of your asset or by spending what you are holding 'coz that would simply mean you sold your asset for a low value. But as we all know, we have different circumstances; there are times we would be forced to prioritize other things such as if you are needing emergency money and such, there would be a tendency for you to let go of your losses or idea of gaining profit from enduring down market. Point here is, no action is wrong as long as you won't regret it afterwards and as long as you have a valid reason you yourself won't question about. That's your money in the first place and only you have the rights to make that 'move'. If you have other resources and you are that determined to your investments, ofcourse it would be better to avoid using your assets especially at this situation we are currently experiencing.
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?
I am very much willing to use cryptocurrency whether it's bitcoin or other tokens as a payment method through any transaction however it will still depend on how convenient paying cryptocurrency will be. In regard to the crypto price fluctuation, just as what most of us will do is seldomly use cryptocurrency as the payment method and try to stick with fiat especially when the price is too low. But there are still some exemptions such as for emergency purposes or urgent need. 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?
In this case, it depends on how one will consider bitcoin whether it's for investment, currency, security, anonymity, and other purposes of bitcoin. But to the general public, most of us consider it as both for investment and currency purposes and have a goal to earn thru bitcoin or cryptocurrency in general. Most of us intend to accumulate more cryptocurrency as much as possible to maximize our potential profit however we also use it and sell it to fiat to buy our needs and wants. 
So How will willing are you to spend crypto for your purchases?
I wouldn't jump on it as my first mode of payment, but if it turns out to be the last available option to me, I will. I will do so and not feel too uptight about my decision because just as crypto can function for investment purposes, it also has the function to be used for exchange of goods and services. And as a strong believer in bitcoin and a member of this forum, it is a duty for us to strive to ensure that all the functions of bitcoin are met. Jump to: