Crypto in Q3-Q4 2020. Hodl or use for purchases?

Cratoon

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Quote from: fourpiece on October 26, 2020, 06:22:21 PM

Hodl for sure, cause im bullish starting next month up to 2021 why? because of paypal's acceptance to buy and sell crypto on tjier platform and i think other big companies will follow soon maybe next year so i hodl my crypto.

I agree.
Paypal gave us the strongest green signal for HODL. Paypal is still one of the largest payment processors for intentional payments, a lot of people use it in digital economy. If we will be able to exchange paypal to crypto and vice-versa -- It will have a huge impact on the crypto economy and potentially on digital economy as a whole.

fourpiece

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Hodl for sure, cause im bullish starting next month up to 2021 why? because of paypal's acceptance to buy and sell crypto on tjier platform and i think other big companies will follow soon maybe next year so i hodl my crypto.

arwin100

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Quote from: slapper on October 26, 2020, 04:48:42 AM

Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Hey everyone!

The price of crypto has been pretty volatile over the last few weeks and BTC has once again sunk below 11k. This made me curious about what the community does or plans on doing with its crypto assets today and in the nearest future. Do you hodl and hope for the price to skyrocket, or perhaps spend some of your coins on various goods and services, and if you do - what do you purchase? Is it even worth spending your coins on anything you can get using a credit card?

Holding bitcoin without spending it on anything is somehow against its primitive elements.

Therefore, nothing is more important than holding bitcoin right now. It may not be utilized in the real life payment but surely it will give us a chance to multiply our capital. An uptrend is forming at the moment, also, bitcoin has reached $13000. Will you spend your bitcoin blindly ?

I don't see any against on Bitcoin about holding since if we look on the way how it trades for sure you can say that holding is much the best decision you can do when the market is pumping since we can earn thousands of bucks or depends on how much capital we have intended for trade.

Although there's less merchant accepting it but still we should look the positive since if we will dismay for that matters for sure we will end up leaving it and seek for more impossible things

For now focus on profitability what bitcoins can offer since the main goal here is to earn.

traderethereum

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Quote from: Rexler on October 25, 2020, 05:36:24 PM

Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Do you hodl and hope for the price to skyrocket?

I'm a big of bitcoin so I always have faith in it that's it going bounce back each time it falls, so anytime the price drops, I normally hodl till the price goes back up then I sell.

Good. But you buy more bitcoin if the price drops because that is your chance to have more bitcoin at a low price, and I think that can reduce your losses because you buy bitcoin at a low price.
But if you don't have much money to buy bitcoin, hold it for more will be the best thing you can do.
It will be better if you can trade bitcoin, so you can buy and sell to make a profit, and you don't just wait for the price goes higher.

Quote from: Rexler on October 25, 2020, 05:36:24 PM

Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Is it even worth spending your coins on anything you can get using a credit card?

Its worth it man, I normally enjoy using my crypto to buy or pay for goods or services online, recently I learnt how to recharge my cell phone number using crypto and since then have been rocking it, it's super fast and I don't have to leave the house to the bank where there's an ATM to withdraw from, before I can buy what I want, I just stay at home and pay, others maybe dislike it, but for me I actually love using crypto to buy things instead of credit cards.

I tried to recharge my cell phone before, but then I stop to use the service because I prefer to recharge using fiat or transfer from my bank account.
I want to hold more bitcoin and try not too often to use crypto or bitcoin to buy something on the internet or offline.
I always stay away from using a credit card to buy something online or offline because I can not feel comfortable with the fee, which is too high for me. I prefer to use a debit card or use paper money to buy those things.

slapper

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Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Hey everyone!

The price of crypto has been pretty volatile over the last few weeks and BTC has once again sunk below 11k. This made me curious about what the community does or plans on doing with its crypto assets today and in the nearest future. Do you hodl and hope for the price to skyrocket, or perhaps spend some of your coins on various goods and services, and if you do - what do you purchase? Is it even worth spending your coins on anything you can get using a credit card?

Holding bitcoin without spending it on anything is somehow against its primitive elements. However, there is not many goods to be bought with bitcoin and most of the things purchased with bitcoin are more expensive than using fiat/credit cards. Ironically, buying things with discount coupon are considered wiser than using bitcoin

Therefore, nothing is more important than holding bitcoin right now. It may not be utilized in the real life payment but surely it will give us a chance to multiply our capital. An uptrend is forming at the moment, also, bitcoin has reached $13000. Will you spend your bitcoin blindly ?

Ridwan Fauzi

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Quote from: Dsdaq on October 13, 2020, 02:19:45 AM

Crypto is an investment and every investment comes with a risk but with a wide usage of crypto especially Bitcoin I think it's a good investment to hold for the near future.

It is depend on someone, we can force or suggest them to hold bitcoin or all altcoin for long term or even short term investment. There is no guarantee for them to get profit in it, but I always suggested to anyone who start to having bitcoin/altcoin they should know about bitcoin/altcoin itself and know how to trade, at least the basic knowledge to trade.

We already seen there are many cases that someone was complained when he has bitcoin. He came only from someone else suggestion and indeed he will be interested to the volatility of its price. So, when he has bitcoin they will not know the strategy between sell or he keeps hold it. His intention is to get profit but they don't know how price that should he gets.

Rexler

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Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Do you hodl and hope for the price to skyrocket?

I'm a big of bitcoin so I always have faith in it that's it going bounce back each time it falls, so anytime the price drops, I normally hodl till the price goes back up then I sell.

Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Is it even worth spending your coins on anything you can get using a credit card?

Its worth it man, I normally enjoy using my crypto to buy or pay for goods or services online, recently I learnt how to recharge my cell phone number using crypto and since then have been rocking it, it's super fast and I don't have to leave the house to the bank where there's an ATM to withdraw from, before I can buy what I want, I just stay at home and pay, others maybe dislike it, but for me I actually love using crypto to buy things instead of credit cards.

Lanatsa

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Quote from: leea-1334 on October 02, 2020, 03:21:20 AM

Quote from: Lanatsa on September 30, 2020, 05:45:38 PM

on services offered, then its up to someone if he would use up his crypto to avail those service or buying up something or rather would opt out always with fiat and save up crypto for the future.

Its a matter of choice and these decisions will really differ for each person.

But as much as I love crypto,,, it is not possible to opt out of fiat at all. And I bet you very few people are able to do that. Even those who claim to live purely on crypto actually what they did is bought a house and a farm (thinking of that Dutch guy who sold everything for Bitcoin) so they are self-sustained. Still need fiat to pay bills!

Lucky if you do able to purchase things directly with crypto but we know that adoption isn't really still on the global scale for you to make transactions from time to time

which would result that you will still need to convert from time to time to make up those common purchases like your living expenses etc.

Majority are holding it and treat it as a store of value.

condoras

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This is what I do. I drink and I know things.

No matter what, BTC will hit new records in the upcoming year(s). So as long as you earn or buy BTC at low prices, you can spend some of them buying anything you want.
It will be better though to trade them instead of buying goodies... Cool

ultrloa

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Quote from: Dsdaq on October 13, 2020, 02:19:45 AM

Crypto is an investment and every investment comes with a risk but with a wide usage of crypto especially Bitcoin I think it's a good investment to hold for the near future.

Yeah the value have high potential to rise so this is really best for long term holding if you can afford to take those big downward movements happening month by month.

Also I must say don't rely on long-term hold only there are more ideal ways to earn and the current market movement is pretty much outstanding for trades so try also to do a day trading since it's suitable for this current market condition.

Dsdaq

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Crypto is an investment and every investment comes with a risk but with a wide usage of crypto especially Bitcoin I think it's a good investment to hold for the near future.

mersal

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You can't spend your cryptos for most of your purchases right now, still we are ahead couple of years for this thing to happen.And people really not going to spend their cryptos right now, they can use their fiat money for that because converting crypto into fiat then spending it will add the extra expenses for the same kind of purchase.And don't use credit cards as well for luxury buyings unless you made huge profits from this economic stock market crash in the early 2020.

ultrloa

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Quote from: pankaj1234 on October 05, 2020, 08:58:51 PM

Very interesting time now for cryptocurrencies in coming months. Holding big coins like bitcoin,eth might give a great chance for profit by you can not predict in short time. If you have some big money in crypto then don't hold all money on any coin take some for daily trading to take some profit. cryptocurrencies are very volatile and they can dump very hard at a time. It will be very hard to recover in short time specially in Q3-Q4.

The risk to lose huge amount of money is so thin if we truly decide to trade some of our balances and put the others on hold since we can possibly maximize our profit gaining for taking this option. But all things are possible and let should learn from past bull run and past bear market since those experiences can help us to learn and earn, also those scenarios creates a different type of opportunity to holders and day traders.

pankaj1234

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Very interesting time now for cryptocurrencies in coming months. Holding big coins like bitcoin,eth might give a great chance for profit by you can not predict in short time. If you have some big money in crypto then don't hold all money on any coin take some for daily trading to take some profit. cryptocurrencies are very volatile and they can dump very hard at a time. It will be very hard to recover in short time specially in Q3-Q4.

claire_lovely

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I just use it daily regardless of what is happening because I believe in cryptocurrency over fiat, but at this point I think that both holding and purchasing can be good choices. You'll likely see increase in value from holding, and through transacting you'll be increasing the value through usage and promoting further adoption.

leea-1334

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Temporary forum vacation

Quote from: Lanatsa on September 30, 2020, 05:45:38 PM

on services offered, then its up to someone if he would use up his crypto to avail those service or buying up something or rather would opt out always with fiat and save up crypto for the future.

Its a matter of choice and these decisions will really differ for each person.

But as much as I love crypto,,, it is not possible to opt out of fiat at all. And I bet you very few people are able to do that. Even those who claim to live purely on crypto actually what they did is bought a house and a farm (thinking of that Dutch guy who sold everything for Bitcoin) so they are self-sustained. Still need fiat to pay bills!

Lanatsa

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Quote from: MoneyPipe-HD on September 10, 2020, 09:53:16 AM

Hey everyone!

The price of crypto has been pretty volatile over the last few weeks and BTC has once again sunk below 11k. This made me curious about what the community does or plans on doing with its crypto assets today and in the nearest future. Do you hodl and hope for the price to skyrocket, or perhaps spend some of your coins on various goods and services, and if you do - what do you purchase? Is it even worth spending your coins on anything you can get using a credit card?

Everyone do have its own goal or target when it comes to their crypto investment, neither they would go for long term accumulation or do actively trade for short term profitability.

Price movement or volatility is always been part because if this one doesn't exist then we wont make money and this would only be similar to fiat.When purchasing up things online or even

on services offered, then its up to someone if he would use up his crypto to avail those service or buying up something or rather would opt out always with fiat and save up crypto for the future.

Its a matter of choice and these decisions will really differ for each person.

Taskford

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Quote from: Mr.sprin on September 30, 2020, 01:55:25 AM

I hold bitcoins and I will continue to collect bitcoins, I have money and I use to buy bitcoins at the current price, I am sure my bitcoins will go up in price to the sky and I will get a lot of profit.

What a strong confidence for good future and if many people will think that way provably we can see a lot of changes on the price in future but things are different as other people doesn't want to hold due to some bad things happen for the past year, remember bitcoin suffer from the dump and might it will happen again so I suggest to have atleast 70% hold and trade the 30% to possibly gain more by doing this option.

Mr.sprin

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I hold bitcoins and I will continue to collect bitcoins, I have money and I use to buy bitcoins at the current price, I am sure my bitcoins will go up in price to the sky and I will get a lot of profit.

imstillthebest

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Quote

is it even worth spending your coins on anything you can get using a credit card?

it may sound that its not worth it but if you will think again and think of what it can do or contribute you will say that it is actually worth it because it do supports merchants that accepts a crypto on thier business and this also encourage them to continue what they are doing because they see that there are also people that are interested to use a crypto . if you can convert the money on your card to crypto and then use that crypto for buying things , thats also a good idea .

Topic: Crypto in Q3-Q4 2020. Hodl or use for purchases? (Read 643 times)