Are you ready to spend crypto when market is down - page 3.

cryptoknightt

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Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Yes, I'm ready because my goal in using crypto is not just investment, I'm really waiting for the moment when crypto can be used as a buying and selling tool

karmamiu

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Money in general is useless if one cannot use it. I don't think it is still appropriate to save money if you are not willing to use it. For what purpose are working our ass off everyday if we cannot enjoy the fruits of our labor? Not only even in times when the market is down but for all the time. I have learned few years ago that it is useless enough saving money if your health is already at risk, and that is how I changed my perspective towards finances.

Dunamisx

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It depends on the need as it arises, but being on a dip is most likely not a good indication for one to sell out, bitcoin is meant to be a profitable investment and the only condition allowed is if we have emerged with some interest that our selling price is more greater than the buying price, this is why many investors hodl and wait for some time before they decided on selling their coin, dip season is only a perfect timing for buying in most cases than selling your bitcoin.

Latviand

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Quote from: Semar Mesem on May 03, 2023, 06:21:06 AM

When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.

Unfortunate but what can we ever do about it, it's an emergency that transcends the need to hold on to your investment, I think you diid the right choice, no point wallowing too much about your decision, you can always bounce back. I think I will always be ready especially if it's health related expenses, pretty sure that a lot of us will prioritize health over wealth right?

wmaurik

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Quote from: ammo121810 on May 01, 2023, 08:54:32 AM

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

Those who have other sources of income from their daily work find it easier to manage their financial expenses so they don't have to sacrifice the crypto assets they already have, after all you also know how to take advantage of the moment by continuing to add to your portfolio when price declines occur so that your chances of making a profit could be much better. But this will certainly be very different from those who do not have a steady income from other jobs in their lives so that they sometimes feel forced to release their crypto assets into the market even though the price is decreasing.

Quote from: Lantind on May 02, 2023, 11:46:46 AM

Besides, I think for them other users of cryptocurrencies will not spend their assets when the price is decreasing, maybe the reverse work could be there, they assume more to add crypto assets, be it tokens or other things that they save, compared to spending them, I think everyone is waiting for that moment .

Only those who have saved money from their own work are willing to wait for the market to recover because they don't feel difficulties in their life so they are still able to store their crypto assets very well without having to release them at a cheaper price. But those who don't have any money saved in their life, I think they will still sell their crypto assets even if they feel forced to for the sake of their needs at this time.

Semar Mesem

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When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.

Mahanton

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Quote from: Fredomago on May 02, 2023, 02:07:55 PM

Quote from: bettercrypto on May 01, 2023, 11:15:39 AM

Quote from: ammo121810 on May 01, 2023, 08:54:32 AM

Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

You needed to have that extra sources of income to avoid using what you already invested inside crypto, we all understand that the chance of market to fall is unavoidable and with that kind of market movement we might need some money to finance our needs, while the value is cheap we automatically lose our investment, better to have other alternative source to avoid selling or using what supposedly for your investment to grow.

Something that investors and traders need to consider before taking any action when the market is still down.

As much as possible, im not really that spending up my coins or tokens inside my wallet once they had been saved up. On the time i do make out some deposit or internal transfer then it would be final.
There would be no getting those coins to be converted and would really be saving up for long term and since i do make out some short trades then it would really be just that normal that i do have
some other bag which are really that intended to be used for but for long term bags then its better not to consider on selling it out actively because its never been worth on doing so.

As long you do still have some fiat money which you could make use of then use it, dont tend to spend up your coins which it does have potential special for Bitcoin but if you are that someone
who do love to support and experience the real use case or application when it comes to currency usage then its your choice but i would
say that it would never been that worth.

Unbunplease

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You have to sell cryptocurrency in a falling market in time, otherwise you might find yourself selling at the very bottom. Unfortunately, it's hard to say whether this crypto-asset will come back to life when the market starts to rise. That's why selling cryptocurrency on a fall may be the right decision.

Fredomago

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Quote from: bettercrypto on May 01, 2023, 11:15:39 AM

Quote from: ammo121810 on May 01, 2023, 08:54:32 AM

Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

You needed to have that extra sources of income to avoid using what you already invested inside crypto, we all understand that the chance of market to fall is unavoidable and with that kind of market movement we might need some money to finance our needs, while the value is cheap we automatically lose our investment, better to have other alternative source to avoid selling or using what supposedly for your investment to grow.

Something that investors and traders need to consider before taking any action when the market is still down.

Lantind

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Quote from: ammo121810 on May 01, 2023, 08:54:32 AM

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

Besides, I think for them other users of cryptocurrencies will not spend their assets when the price is decreasing, maybe the reverse work could be there, they assume more to add crypto assets, be it tokens or other things that they save, compared to spending them, I think everyone is waiting for that moment .

ichsan ardi

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Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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 really waiting for this because one of my goals for choosing crypto is not just investing but we can buy goods from the coins that we hold, I think the future will be like that now, unfortunately I keep more of my money in bitcoins than dollars because I'm sure bitcoin is not just an investment but will replace fiat money in the future

bettercrypto

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Quote from: ammo121810 on May 01, 2023, 08:54:32 AM

Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

ammo121810

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Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

usekevin

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If anyone discussed about the making or trading off bitcoin.The experiment can’t be complete without experiment of the bitcoin.Many online stored accepted the bitcoin as their mode of payments,So the demand of the bitcoin will not reduce.When the crypto currency market fall and you are not having the savings for expenses.Then I will sell sell some of the altcoin for my expenses and hold the balance for the future trading and wait for the market pump for the crypto trading.Bear market influence the crypto currency a lot.It will check whether you are holding till the coins till the market react.

Wend

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Quote from: flyingcarpet on April 30, 2023, 10:07:23 AM

If the whole world is integrated into this system, of course, I will not hesitate to spend it. If it is not integrated, I will continue to see it as an investment tool. One day this will surely happen. We will make our spending on crypto money. Maybe it will be a long time, but one day it will.

If you want to wait until that day, I think it will take a long time and maybe even impossible in our generation. I never thought about cryptocurrency (bitcoin) being used worldwide as a currency, I don't believe governments would accept that. As long as the government doesn't control bitcoin, they will never use it to replace fiat, but controlling bitcoin as we know it is almost impossible.

EarnOnVictor

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Quote from: Sayeds56 on April 30, 2023, 10:30:28 AM

Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Indeed, it is a positive development that businesses have started accepting crypto currencies as form of payment, but still it is in early stage and many merchants are reluctant to accept them.. The decision to spend or hold crypto assets is a personnel decision, however I am not inclined to start spending my crypto assets at this stage. This is because I firmly believe that my digital asset will appreciate many folds in coming months and years.

We should continue to get ready for more adoption of cryptocurrency in the near future, and if you would agree with me, it might be slow but the business number is increasing yearly.

That said, it will be so painful if someone could not spend their crypto at a reasonable price but be spending it at lower prices. This present price of almost $30k is still nice, what of those that would have forwardly spent theirs around $15,500 last year? They can't feel good about that now as the price doubled a few months after.

Lastly, as we all wait for the big Bitcoin event next year, no one should be dumping theirs, we should find a way to buy more and keep it for over a year (a good investment opportunity).

Sayeds56

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Quote from: burugcrypto on October 06, 2022, 03:50:34 AM

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?

Indeed, it is a positive development that businesses have started accepting crypto currencies as form of payment, but still it is in early stage and many merchants are reluctant to accept them.. The decision to spend or hold crypto assets is a personnel decision, however I am not inclined to start spending my crypto assets at this stage. This is because I firmly believe that my digital asset will appreciate many folds in coming months and years.

flyingcarpet

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If the whole world is integrated into this system, of course, I will not hesitate to spend it. If it is not integrated, I will continue to see it as an investment tool. One day this will surely happen. We will make our spending on crypto money. Maybe it will be a long time, but one day it will.

Vishnu.Reang

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Yes I always ready to spend crypto when market is down because when market is down then price are lower. The value has multiplied thousands of times over, in the course of it's history. In my opinion crypto are good with long term investment along with crypto there are other more currencies which will give good return in long term like Ethereum, NEM, Bitgert value of these currencies will increase in future. Currently crypto is very important as well as future, world is going towards digitalization and in these digital world crypto plays vital role in future for trading and businesses.

wmaurik

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Quote from: Fara Chan on February 15, 2023, 05:20:00 AM

We can use other options, and one of them is when we have cryptocurrencies other than Bitcoin, for example we are talking about Altcoins, when you have Bitcoin and Altcoins, a real alternative that can be used when you are in a difficult position, they can sacrifice their Altcoins instead of Bitcoin, save Bitcon and use Altcoins to meet difficult circumstances and very urgent needs, and maybe this is an effective option when we have both, keep Bitcoin for a better hold.

I also think that way because it's pretty clear that when there are others to be sacrificed in order to solve a problem, then Bitcoin should be kept safely undisturbed. After all, any unstable altcoin is not at all good for long-term storage and this is certainly very different from Bitcoin, which is always more suitable for long-term storage. But I personally always have a reserve fund available to deal with difficulties in life such as saving a few stablecoins before exchanging them for the fiat I need, because that can also be a very good option.

Topic: Are you ready to spend crypto when market is down - page 3. (Read 3030 times)