Topic: Are you ready to spend crypto when market is down - page 9. (Read 3211 times)
I'm curious what kind of cryptocurrency will be used for that, in order to make a purchase. Considering the cost of each cryptocurrency, using it as payment will not be a simple concept to consider (how they have loss in value). I will choose to use bitcoin over an altcoin when making payments. In my opinion, I won't be prepared to use my cryptocurrency to make a purchase when I'm in the red. Only when I see profits in each would I trade them.
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?
Bitcoin and other cryptocurrencies are financial instruments because they have the tendency to increase in value over s certain period of time. There will be many questions to solve when Bitcoin and other coins finally become a general payment option for people. The volatility of the crypto market could pose a threat to consumers and traders using a volatile coin to make payments for goods and services. Bitcoin could be use as a investment instrument and also for payments. Volatility is one of the major problems of using Bitcoin coin for means of payment. 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?
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?
Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.
I am saying that daily spending is really a waste when using crypto assets to spend. But if it is urgent or health-related or more serious work, then crypto is definitely not something to hold at that time. Health and life are still first, because with good health, we can easily get back what we have sold.
I don't think I will use my coin to pay for anything due to the current situation and to me is more of an investment. I'm sure there are other payment methods like fiat, so selling off puts me at a disadvantage. When it comes to spending, it requires discipline and planning, and I don't see a reason why you will want to spend my investment money, is actually a thing to consider.
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. The future of these currencies is very bright if the market is down, this is a good opportunity to spend on crypto currencies. Try to invest in ethereum bnb currency in addition to bitcoin the value of these currencies will increase in the future.
the two altcoins that you mentioned are indeed the most suitable altcoins for investment. But I'm not sure if it's for the long or medium term. But buying it during a bear market like now is worth saving. However, we also have to be prepared that the possibility of a decline is still likely to occur. But if we go with really cold money then I don't think it's going to make us panic too much if the decline turns out to be deeper. 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?
If the crypto has potential, it's okay to hold it for a long time. Then some cryptos are accepted modes of payment in their businesses such as Ethereum, Xrp, and especially Shiba Inu.
So it's true that nowadays many merchants accept cryptocurrency as a payment option whether it's an online or traditional business. Just like other Starbucks outlets, and Amazon. And I had been doing this for sometimes depending on the items I need in it.
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?
In most cases it is preferable to use cryptocurrencies as investment funds rather than for daily payments. Accumulate as much assets as possible during a down market bear market and wait for the bull market to come and the market to rise.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?
If the price of crypto is like today, of course we will think long to buy something using crypto, because the coins we have will be bigger for us to spend if the value is low as it is today, currently crypto is very important for our future and it is already a big investment for the future, then big considerations will definitely be made by those who own crypto assets today, Currently, there are indeed many stores that already accept payments using crypto, especially bitcoin, but if the market situation is like today, of course they prefer to use fiat currencies to make payments.
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?
Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.
In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.
As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.
as you said, everyone has their own needs. we can't blame someone for selling some of his coins to pay for his food. but of course, if you have other means, much better. but think of other people and their priorities in life. we all have different needs. so long you think you are spending it on valuable matters, that's fine. but if you are just buying a luxury item, think about it. is it worth spending your crypto just to buy what you want, and not what you need?
I think this is the real big problem, how can it become a real exchange currency if its owners hold it as if it were an asset? If you don't spend and move funds, it will inevitably take the place of any refuge property and this is not the right path.
We have to see whether the assets we have actually have great progress or not. If it really is about shitcoins then I don't think releasing them is not a problem but when it comes to altcoins like ETH or other coins or maybe bitcoin of course the option of releasing now is not a good thing.We are in a risk zone where we have to accept all the consequences when investing and if you have decided on that, I think retreating in the middle of a crash is something that is not recommended.
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?
Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.
An even more real big problem is that cryptocurrencies are no longer worth as much as they were worth some time ago, and here a really paradoxical situation turns out. Those who do not believe in the future prospects of cryptocurrencies try not to keep them for a long time, and those who believe in further prospects keep this asset at home.
Of course, those who have a lot of experience will believe in the long term prospects where they will try their best not to sell it at a cheap price. While some of them take advantage of short-term volatility to profit, it's like day trading or something like that. Until the market recovers, this mindset will likely remain among traders. Long-term holders know what they have to do now, while weak hands will come out and sit pretty figuring out when they will hit it.And yes, people use cryptocurrencies according to how convenient it is to use them at this time. And at this time, cryptocurrencies are much more convenient to use as an asset, and not as currencies, because in this situation cryptocurrencies are by no means a competitor to traditional fiat currencies and I don't see any reason yet when normal states will give preference to some other people's cryptocurrencies rather than their own banknotes.
Crypto especially bitcoin has never actually competed to become the main currency in the world instead of fiat. Bitcoin is one of the best options over fiat, but I know the government doesn't want that. Its use cases have increased in some countries, the government legalized it, although so far it is still an alternative. 
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. The future of these currencies is very bright if the market is down, this is a good opportunity to spend on crypto currencies. Try to invest in ethereum bnb currency in addition to bitcoin the value of these currencies will increase in the future.
Of course everyone are waiting for this moment when market price will be dump and all altcoins price also will be low and this is a great opportunity for everyone to choose best altcoins to invest and take profit in future.
If you want better profits in the future, try to choose Bitcoin as a long-term investment and don't look at too many altcoins which generally won't be much better than Bitcoin. Because some altcoins were created for the hype and it's not very good for the future. So try to choose Bitcoin and if you really like altcoins, try to see the altcoins that are in the top 10 but you don't need to choose all of them too if it is intended for long term investment. I think this is the real big problem, how can it become a real exchange currency if its owners hold it as if it were an asset? If you don't spend and move funds, it will inevitably take the place of any refuge property and this is not the right path.
An even more real big problem is that cryptocurrencies are no longer worth as much as they were worth some time ago, and here a really paradoxical situation turns out. Those who do not believe in the future prospects of cryptocurrencies try not to keep them for a long time, and those who believe in further prospects keep this asset at home. And yes, people use cryptocurrencies according to how convenient it is to use them at this time. And at this time, cryptocurrencies are much more convenient to use as an asset, and not as currencies, because in this situation cryptocurrencies are by no means a competitor to traditional fiat currencies and I don't see any reason yet when normal states will give preference to some other people's cryptocurrencies rather than their own banknotes. 
Why should one in his)her right sense spend the crypto he or she has it is best one take the chance to get more bitcoin
It will never be a wise decision to do. Spend fiat and if you have enough fiat to buy more bitcoin you can still do that for your own sanity.
It's only those relying on a single job will want to sell that coin immediately in other to sell to get paper money
It will never be a wise decision to do. Spend fiat and if you have enough fiat to buy more bitcoin you can still do that for your own sanity.
It's only those relying on a single job will want to sell that coin immediately in other to sell to get paper money
As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.
I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.
I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.
I think this is the real big problem, how can it become a real exchange currency if its owners hold it as if it were an asset? If you don't spend and move funds, it will inevitably take the place of any refuge property and this is not the right path.
In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.
As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.
as you said, everyone has their own needs. we can't blame someone for selling some of his coins to pay for his food. but of course, if you have other means, much better. but think of other people and their priorities in life. we all have different needs. so long you think you are spending it on valuable matters, that's fine. but if you are just buying a luxury item, think about it. is it worth spending your crypto just to buy what you want, and not what you need?
In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.
As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.
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?
hey dude, when btc and altcoin prices drop then you have the option to make payments with fiat. Do you think if someone who has assets in crypto would pay for a purchase he made with crypto, I don't think they would unless they were pressed for money by the economy.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 never made payments via crypto because in my country there are no shops that accept payments via btc because I live in a rural area. However I would advise them to make payments in fiat when the market is down .
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