Are you ready to spend crypto when market is down - page 8.

Renampun

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Quote from: burugcrypto on October 06, 2022, 02:50:34 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?

85% of what I want right now is to be able to freely spend the crypto that I have as payment (too bad in my country it is still banned) but not all cryptocurrencies are suitable to spend (for purchases), some are suitable as an investment - some are not suitable, depending on the fluctuation of the crypto asset.

Quote from: burugcrypto on October 06, 2022, 02:50:34 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?

more appropriate "investment". I still remember the saying that cryptocurrency is the evolution of money - meaning you can freely make your cryptocurrency whatever it is. as an investment (short/long term) or as payment (offline/online/P2P shops).

Hispo

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I have personally found myself in a position these days which has required me to spend some satoshis.
I do not mind, since I believe those are necessary purchases for the well-being of my family, still if I could avoid to spend at these prices, I would. I have got the feeling these two incoming years will be good for long term holders and those who took the time to accumulate.

Fredomago

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Quote from: Gozie51 on January 06, 2023, 11:24:43 AM

Quote from: xSkylarx on January 05, 2023, 09:51:18 PM

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

That is logical if you fully believe that there's nothing to wait and the project will die along the way, if you don't see any chances for any recovery then dumping during the bear is not a bad idea, you can use the money that you can get from dumping those assets to buy a new project that may have a better chance to pump back.

Being practical is the wise thing to do during the bear season. If you can sell and try to sort for another project to support might give
You have good opportunities to recover and make some decent amount of profits.

Patrol69

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I think no investor wants to sell part of his investment at a loss. One of the ways to invest in cryptocurrency is that people use this cryptocurrency as a means of investment rather than as a means of exchange. There are many investors who invested when the market was very bullish now that they would not want to sell their crypto coins during a market down. I think every investor will wait until the market goes into strong positions.

Jody.Drummer

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Quote from: wmaurik on January 06, 2023, 10:20:17 AM

Quote from: Jody.Drummer on January 05, 2023, 09:49:50 PM

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

That is very logical, because everyone will clearly see the good opportunities that can still happen in the future. So continuing to save assets and then continuing to try to add assets to the same model is a very extraordinary option as long as everyone is able to hold it without any worries, because I personally also still save assets and never spend it unless there is an urgent need. After all, I have never panicked about the current conditions and I still really believe in the potential of the assets that I hold now, especially in Bitcoin.

Yes, there's nothing to worry about, moreover what we hold is bitcoin. Bitcoin is an asset that is highly recommended to be purchased in a bear market like this, so that when other people are competing to buy, we instead sell just because of unreasonable panic or seeing a lot of FUD devoted to bitcoin.
As we know that bitcoin has a cycle where the bear market always occurs, and this year is the year that the bear market predicts and really comes our way. We'll just have to wait a while before bitcoin finally recovers, and I think it will in a few years from now and I don't think a bull market is likely this year.

Gozie51

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Quote from: xSkylarx on January 05, 2023, 09:51:18 PM

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

Chrlie95

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it's important to consider the fact that cryptocurrency is not just a speculative asset, it was originally designed to be a means of exchange, If we only hold crypto and never use it in exchange, then we risk losing the meaning of what makes cryptocurrency valuable in the first place. Also, there are some fintech companies that work on leverage system to solve this problem.

wmaurik

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Quote from: Jody.Drummer on January 05, 2023, 09:49:50 PM

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

That is very logical, because everyone will clearly see the good opportunities that can still happen in the future. So continuing to save assets and then continuing to try to add assets to the same model is a very extraordinary option as long as everyone is able to hold it without any worries, because I personally also still save assets and never spend it unless there is an urgent need. After all, I have never panicked about the current conditions and I still really believe in the potential of the assets that I hold now, especially in Bitcoin.

Quote from: xSkylarx on January 05, 2023, 09:51:18 PM

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Everyone's mindset is also different on this matter because everyone also has their own reasons why they have to sell in conditions like now. Although those who prefer to sell altcoins when they need money and keep Bitcoin under any circumstances are people who are extremely patient and I also really like their method because I also sacrifice altcoins very often in order to keep Bitcoins until now.

monineklutak

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Quote from: yudi09 on January 06, 2023, 12:07:33 AM

Quote from: burugcrypto on October 06, 2022, 02:50:34 AM

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?

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.

It's just that the reality is that trash coins will continue to exist and we can't stop it,
Bitcoin is totally different and that's no doubt about it,
what is clear investing in Bitcoin is much more promising and safer

mvdheuvel1983

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Quote from: burugcrypto on October 06, 2022, 02:50:34 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 am a long-term holder and I also spend bitcoin in places where it is accepted.
I see nothing wrong in treating it both as a currency and a security investment. It shouldn't be one or the other. It should be one and the other. That is what keeps it going. It is part of the dream of Satoshi to create something that wouldn't need an intermediary for transactions.

CODE200

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Quote from: xSkylarx on January 05, 2023, 09:51:18 PM

Quote from: wmaurik on January 05, 2023, 12:02:25 AM

Quote from: Terezi on January 04, 2023, 02:14:36 AM

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

I think the idea of selling without even knowing anything about it or like hearing some news makes a person or should we called beginner trader is a general trader that somehow based only on looking at a chart in the market. Morelike a short term trader. I guess a lot of trader did earned by short term trade yet the long term traders or I would called them veteran trader woould use technical analysis. And that's when you said that downtrend or red days might also be a way to earn. Just like in futures and other trading platforms.

But for my own idea. I guess depends on the person if he has a quite knowledge in short term or long term trading. We must know what we're involving our funds and learn to research about it. Wheter it is good to sell when market is down or to hold until it goes up again.

My ThuiHa

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I am not ready yet. While I can accept payments in cryptocurrencies, I will consider how payment in cryptocurrencies might affect or affect me. I may find it novel to use cryptocurrencies for payment, and I will not always use cryptocurrencies for payment. I am still used to investing in cryptocurrencies for profit.

yudi09

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Quote from: burugcrypto on October 06, 2022, 02:50:34 AM

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?

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.

xSkylarx

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Quote from: wmaurik on January 05, 2023, 12:02:25 AM

Quote from: Terezi on January 04, 2023, 02:14:36 AM

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Jody.Drummer

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Quote from: wmaurik on January 05, 2023, 12:02:25 AM

Quote from: Terezi on January 04, 2023, 02:14:36 AM

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

JavasetvenQ

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Quote from: burugcrypto on October 06, 2022, 02:50:34 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 fully accept payment in digital currency only. Of course it's a face-to-face transaction. As a peer-to-peer payment method, Bitcoin solves some trust crises, but it is a payment method after all. This problem is like international trade, which requires an intermediary bank to guarantee. In the blockchain world, there seems to be no third-party guarantee. If the decentralized exchange has this function in the future, it will be a very perfect and worth looking forward to.

wastagnn

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Quote from: burugcrypto on October 06, 2022, 02:50:34 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?

Although there are many shops that already accept payment in cryptocurrencies, there will be some losses when using cryptocurrencies for consumption when the market is down, so try not to sell them at a low price. Now is the best time to invest in the continued accumulation of cryptocurrencies, and Bitcoin should be the ultimate asset for long-term holding for better returns in the future.

wmaurik

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Quote from: Terezi on January 04, 2023, 02:14:36 AM

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

Fara Chan

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Quote from: Xinarae* on December 29, 2022, 08:15:45 AM

In my opinion altcoins are good with long term investment in bitcoin but you have to choose the right currency. Among the altcoins ethereum and bnb are the best long term investments.

Yes, that's right, apart from Bitcoin, bnb and Ethereum being two Altcoins that are very suitable for investment, both of them have almost the same strategy in investing, the strategy referred to here we recommend investing for a long / long period of time, the point is to get optimal results and satisfying.

I don't really analyze some of the Altcoins on the market, but it's just that I am more focused on seeing the movement of Ethereum and BnB, the exact reason we predict is that this is a very valuable Altcoin (everyone knows about this). We believe this is the right time to invest your money into Crypto and make it an Asset/hold for the future, and that Bitcoin should be the ultimate holding. don't waste a situation like this, it's time to build glory through cryptocurrency.

Terezi

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Quote from: burugcrypto on October 06, 2022, 02:50:34 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?

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Topic: Are you ready to spend crypto when market is down - page 8. (Read 3182 times)