Are you ready to spend crypto when market is down - page 6.

Fredomago

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Quote from: Sayeds56 on February 07, 2023, 01:49:50 PM

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

Hello Everyone,

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 willingness to spend crypto currency and use it to buy goods & services, varies among individuals, and depends on number of factors, such as their belief in long term stability & growth of crypto currency & its security system & their overall financial situation. Some people may view it as speculative investment & only spend it when necessary, while others may use it for everyday purchase. Ultimately, how someone chooses to use it, depends on his views about crypto currency and financial goals.

Good point, we do have different perspective in terms of usages some is for investment while for believers they will use it as form of alternative way to purchase and to use for their needs, decision making will depend from how the market will established the good side of crypto, and like with ow you observe there are people who use it for quick investment and a form of daily or weekly short term potential money making tool.

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

Hello Everyone,

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 willingness to spend crypto currency and use it to buy goods & services, varies among individuals, and depends on number of factors, such as their belief in long term stability & growth of crypto currency & its security system & their overall financial situation. Some people may view it as speculative investment & only spend it when necessary, while others may use it for everyday purchase. Ultimately, how someone chooses to use it, depends on his views about crypto currency and financial goals.

19Nov16

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Quote from: Cryptmuster on January 18, 2023, 05:48:14 AM

Quote

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 bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

If we don't really need money then it's better to be patient, there is an opportunity to sell at a high price or profit, on spot exchanges we can set the price as we wish so we don't lose the moment to sell at a high price, but most people are impatient and panic when they see a decline so they lose and regret.

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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?

I do not think that many cryptocurrency holders spend it on the direct purchase of goods and services. Indeed, in my opinion, a significant number of cryptocurrency holders still use cryptocurrency as an investment tool for profit in the future. An important role in this is played by the lack of proper infrastructure for the practical use of cryptocurrency. It is quite difficult for people to find a store that accepts cryptocurrency and at the same time have the goods we need. It is much easier to use cryptocurrency for investment profits, and only then transfer part of it to fiat to make purchases. But cryptocurrency continues to evolve and the situation will change over time.

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Quote from: virasisog on January 18, 2023, 12:12:40 PM

Quote from: Bitstar_coin on January 18, 2023, 10:22:51 AM

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

I agree that it all depends on the person's perspective toward the market as well as how he values his target investment profit. As much as possible, I don't want spending crypto when the market is down. I actually want to take advantage of the market by buying and accumulating potential coins but if the situation would ask me to spend if like for emergency purposes, I have no choice but to do so but if there will be other ways to find another source of funds, I will just hold my crypto and won't spend it.

Accumulating good asset that have a better future will allow you to harvest a successful investment in the future, it's not easy though as there are many movements that might scare you while holding those coins, while with the sentiment is not good some investors and holders tends to choose to use or selling their coins in fear that they will be losing a lot if they will continue to hold.

It's your own understanding to whether to use your asset or spend it out or keep buying and add more while the value still cheap.

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Quote from: Roggeredek on January 15, 2023, 06:04:40 AM

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

As a personal point of view where you have gains or losses it's a better decision. However markets need people to spend their crypto no matter where we are in the market cycle. Without those people there wouldn't be trading, people wouldn't be able to buy cheap crypto and markets wouldn't be healthy at all.

I find it funny how people are laughing to that man who first ordered pizza with bitcoin, when we owe him so much starting it all. People selling are as much relevant to markets and people buying. Sometimes just sellers (or bears) are in charge of the markets. That's just normal healthy part of a market cycle.

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Quote from: kapalmabur on January 18, 2023, 03:48:52 AM

Yes, that's how it is with cycles and we can see it in the last days when the price of Bitcoin in the market starts to go up it is also followed by other top coins as you mentioned,
so great influence from Bitcoin and that's why Bitcoin is called the king of crypto,
We'll see what the next development will be like.

The next development in Bitcoin is about the price recovery in the market that many are hoping for this year and indeed it is already starting to show even though we are all only at the start of the year in January. Because Bitcoin is the first asset that needs to increase in price if everyone wants to see other cryptocurrencies priced better through the influence of the increase in the price of Bitcoin in the market.

Coin Gorilla

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Quote from: Fara Chan on January 18, 2023, 05:24:40 AM

Quote from: Roggeredek on January 15, 2023, 06:04:40 AM

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

Something we all learn eventually, one way or another. Some spend, some sell, but in most scenarios, it's better just to recapitalize, unless it's absolutely obvious that it's going in the wrong direction for the long term (e.g., trivial example, all crypto gets banned worldwide).

virasisog

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Quote from: Bitstar_coin on January 18, 2023, 10:22:51 AM

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

I agree that it all depends on the person's perspective toward the market as well as how he values his target investment profit. As much as possible, I don't want spending crypto when the market is down. I actually want to take advantage of the market by buying and accumulating potential coins but if the situation would ask me to spend if like for emergency purposes, I have no choice but to do so but if there will be other ways to find another source of funds, I will just hold my crypto and won't spend it.

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Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

Spacewalker

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Quote from: Fara Chan on January 18, 2023, 05:24:40 AM

This mistake often happens to ordinary people/investors where they lack knowledge in the field of good and proper investing, but this mistake can occur because of a fear of loss and they think that this strategy should be changed and sold even though they don't think about it. the negative impact that arises, even though the real attraction is that this action is not necessary, brands just have to hold back, in fact all those who invest know the risks in investing, but it's just that sometimes brands are not so ready for all the risks of investing in Bitcoin.
Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

There are different cases, such as the option when a person finds ways to invest that give greater returns than in cryptocurrencies. Although, of course, getting rid of cryptocurrencies on a bearish trend is not the best idea, because in the historical perspective, the fall is replaced by growth, which has already happened many times before. The whole question is patience and just the very possibility of continuing to keep your funds in this asset. Yet, for the vast majority of people, cryptocurrencies are a means of accumulation and investment, and not something else.

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Quote from: Cryptmuster on January 18, 2023, 05:48:14 AM

Quote

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 bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

But crazy things happen on newbies which easily get fud that's why they are mostly the one who sell when the market is down since they are afraid about things that might unfortunate to happen on bitcoin. But if they are have patience enough to see some recovery that might happen in future they might not experience bad things and can earn from bear market situation.

Cryptmuster

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Quote

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 bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

Fara Chan

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Quote from: Roggeredek on January 15, 2023, 06:04:40 AM

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

This mistake often happens to ordinary people/investors where they lack knowledge in the field of good and proper investing, but this mistake can occur because of a fear of loss and they think that this strategy should be changed and sold even though they don't think about it. the negative impact that arises, even though the real attraction is that this action is not necessary, brands just have to hold back, in fact all those who invest know the risks in investing, but it's just that sometimes brands are not so ready for all the risks of investing in Bitcoin.

Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

kapalmabur

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Quote from: gunhell16 on January 18, 2023, 12:46:11 AM

In my few years here in the crypto space, I have observed several times that when bitcoin increases its price in the market most altcoins that are not included in the top listed in the market fall in its value, and only top cryptos only those who follow the rise of bitcoin can do this like Ethereum, Binance, Matic, and others.

So when the value of bitcoin fell, the value of ETH, BNB, Matic, SOL, and other well-known cryptocurrencies in the market also fell.

Yes, that's how it is with cycles and we can see it in the last days when the price of Bitcoin in the market starts to go up it is also followed by other top coins as you mentioned,
so great influence from Bitcoin and that's why Bitcoin is called the king of crypto,
We'll see what the next development will be like.

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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?

Despite what anyone says, the function of investing is to seek profit, which means picking potential coins is the best way to keep the money circulating in the right places. Talking about potential, everyone will definitely choose bitcoin because it has been proven to be the best investment, but talking about crypto is still quite general and has several criteria that we must pay attention to when starting an investment.

Quote

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?

Buying when the price is good, in my opinion, is not a security instrument, but a pattern and strategy for entering the market, while an instrument is a tool for making research before entering the market and buying what you want. Security also covers some of the potential coins you want to invest. If you choose a non-potential coin, then the chance of a risk is far greater than bitcoin.

For these reasons, investing requires a special analysis of time, potential coins and understanding the coin's journey correctly, so that when making decisions we have careful consideration.

gunhell16

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In my few years here in the crypto space, I have observed several times that when bitcoin increases its price in the market most altcoins that are not included in the top listed in the market fall in its value, and only top cryptos only those who follow the rise of bitcoin can do this like Ethereum, Binance, Matic, and others.

So when the value of bitcoin fell, the value of ETH, BNB, Matic, SOL, and other well-known cryptocurrencies in the market also fell.

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Quote from: Solokan on January 15, 2023, 05:54:51 AM

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

The reason mostly they need it or they just don't trust bitcoin and they would sell their bitcoin even if they are losing because they think that bitcoin will lose value lol, but behind it, some people cant control their emotions which is why they tend to sell. Mostly when red days is the best time to buy as the price was cheap but when people are really in need of money that time then we do have no choice. Sometimes I only spend my crypto when I need it

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Quote from: Solokan on January 15, 2023, 05:54:51 AM

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

There's a reason for some of us on why they're spending/selling their crypto even the market is down. For some, it's not just an investment because it can be use as currency when you purchase, hence there are people who mainly use it as currency regardless of the price. While some investors are selling for being weak resulting to lose their trust and patience. It's understandable though, as we have our own reasons on why we engage ourselves in crypto. Anyhow, a down market is still a good time to accumulate because the prices of coins are cheaper.

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Quote from: Mate2237 on January 17, 2023, 11:54:48 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?

Of course yes. You have to spend to meet up your daily expenses. As for I buy Cryptocurrencies from different exchange platforms, and I spend it every week, but it is only bitcoin I am not spending but I buy and store it for long periods of time. Real bitcoiners does not think of the bear and bull market, they spend at anytime whenever the need arises. Holdling it, is the best approach but if you hungry and you need funds, won't you spend the cryptocurrency that have in the wallet? I can't killed myself because I want hold for the bull market and if in the process I died who will use the fund? Therefore I have to use them to survive first before we think of what to do.

We do all have that expenses but in speaking about investment then it would really be totally divided on which i dont really tend to make use of those coins to be converted just because i do have something needs to buy

because you are really just basically wasting up your opportunity on making some profits if you do tend to sell off on your current position.Its not ideal and you shouldnt have made out investment since from the start
if ever you do have this kind of behavior.

Plus if the market is down then who the hell would really be interested on converting their coins at loss? For panic sellers then it would be common but for daily
spending or expenses then it do raises up some question.

Topic: Are you ready to spend crypto when market is down - page 6. (Read 3030 times)