i split my crypto for trade and daily usage, so i use my profit from trading to daily usage like electic cost, internet fee etc.
i think each people can be diffirent, because i have friend who really hodl his crypto and not spending it, when he need crypto for buy something he will buy crypto and use it.
Topic: Do traders spend crypto when they can? - page 2. (Read 748 times)
Obviously if possible to make the trade at the right time obviously everyday days will go and start reading whenever the market fluctuations are very much higher than usual.
I suggest even you should go with the cryptocurrencies which fluctuate higher than usual and stable cryptocurrencies.
I suggest even you should go with the cryptocurrencies which fluctuate higher than usual and stable cryptocurrencies.
Possibly less, because we heard the advice of HODL longer to make more profits so investors and traders are not really interested in spending but not all the crypto holders are having to hold as their intention. I do see lot of websites start to accept cryptos means people are interested in spending their cryptos as it is which gives convenience and also reduce time and expense when people try to convert crypto into fiat.
You just said what I always think. The whole point of bitcoin being created was to use it as a payment method without any middle man.
While bitcoin is used in many places these days, most people hold bitcoin as an investment rather than using it as a currency.
I always tend to use bitcoin as a currency and find ways to use it in different places. I don't hold much of it right now and so I did not use bitcoin for quite a while now.
While bitcoin is used in many places these days, most people hold bitcoin as an investment rather than using it as a currency.
I always tend to use bitcoin as a currency and find ways to use it in different places. I don't hold much of it right now and so I did not use bitcoin for quite a while now.
Traders have their own function in the market and I am sure that many of them - especially the professional ones take out a % of their gains each week/month to at least cover their expenses. Others might increase their trading portfolio and/or set aside a part solely for holding.
After all what affects a market price is the supply and demand law. If they hold the cryptos and don't spend it is beter for the value of the cryptocurrency. We need to encourage average joe's to start using crypto instead of fiat - not the traders.
After all what affects a market price is the supply and demand law. If they hold the cryptos and don't spend it is beter for the value of the cryptocurrency. We need to encourage average joe's to start using crypto instead of fiat - not the traders.
There are traders who spending the money that they earned from their trades and there are also type of trader who do not spend the gain that they earned. I'm a type of trader that I do not spend the cryptocurrencies that I earned from trading. We have different goals and mindset, my goal is to acquire more cryptocurrencies so I do not prefer to spend it. The cryptocurrencies that I get from trading, I using it as a additional capital in order to increase my portfolio.
Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag, do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.
I spend the portion of my trading capital when I need to do(I don't want spend too much), exchange it thru fiat for my goods because of regulation that force it.
Everyone has their own priority for their life, as long as it does not deviate, it is not a taboo if we exchange btc to fiat.
What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?
People would be making use wherever they can and whenever they wish to only thing is that their country should be having enough of merchants to accept the btc and where you can make payment from coins for the stuff you require to have it.
Same here, I spend crypto whenever it is available option in transferring funds especially abroad. For the local transactions, of course, I use fiat or digital currency. It only depends on the situation to spend crypto or if its a better option whenever needed.
What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?
People would be making use wherever they can and whenever they wish to only thing is that their country should be having enough of merchants to accept the btc and where you can make payment from coins for the stuff you require to have it.
When we do trade then the main target or goal of each person is to make money and if we do earn then its just normal for us to think that we do have money on our stash
and anytime we can spend it if we wanted to unless if you decide to save it all.So it depends to our own needs.
I hope they will.
Spend all that fiat when profits came from trading.
We should all enjoy it.
The sad part is that we cannot use it that much yet. Crypto currencies seems to be avoided by merchants up until now because of its nature which is the volatile one.
Some have courage to do it, thinking they are also invested with it.
Volatility could be a beneficial factor when a person has get experienced in the utilization of cryptocurrencies. The price could never remain stable because of the reason that digital money is always being used in the international transactions. Due to the difference in the economic stability across borders the price is not constant. But being able to use right coin at the right time may help you to get desired results. Spend all that fiat when profits came from trading.
We should all enjoy it.
The sad part is that we cannot use it that much yet. Crypto currencies seems to be avoided by merchants up until now because of its nature which is the volatile one.
Some have courage to do it, thinking they are also invested with it.
What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?
People would be making use wherever they can and whenever they wish to only thing is that their country should be having enough of merchants to accept the btc and where you can make payment from coins for the stuff you require to have it.
When we do trade then the main target or goal of each person is to make money and if we do earn then its just normal for us to think that we do have money on our stash
and anytime we can spend it if we wanted to unless if you decide to save it all.So it depends to our own needs.
I definitely think people should take profits regularly. You want to convert your profits into a house, a car, a lifestyle, otherwise, what's the point?
And yes, do support those crypto businesses that accept crypto and spend some of it. Otherwise the whole eco-system will die and the value of your crypto will die with it. If crypto just becomes speculation, then eventually the party will end. You need the eco-system underneath to be robust so that it can all continue.
Indeed, I think sometimes we should take some of our profit and spend in some stuff that would make us happy because if not then what is the point of getting profit. Besides, we need to circulate the those coins otherwise it will die. Moreover, some of us have no option but to spend the profit they got just to support their daily expenses. And yes, do support those crypto businesses that accept crypto and spend some of it. Otherwise the whole eco-system will die and the value of your crypto will die with it. If crypto just becomes speculation, then eventually the party will end. You need the eco-system underneath to be robust so that it can all continue.
What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?
People would be making use wherever they can and whenever they wish to only thing is that their country should be having enough of merchants to accept the btc and where you can make payment from coins for the stuff you require to have it.
It absolutely not only a trading system will drive for crypto to fully established in the market, but it is also needing the support from online businesses. But unfortunately, some big companies are in doubts about crypto's credibility and makes them undecided to take the risk of accepting crypto for payment. The is how trust place a big role in this technology and that is quite not easy to acquire until they'll saw assurance of their investment.
I am one of the traders and I will share my thoughts on the coin and crypto market. I consider that the crypto market is a price-making market and only the small fish face the big fish. If the small fish are too weak and not smart enough, it will be swallowed. In addition, we are no longer interested in using crypto to pay for anything. I just want to use fiat money, when trading is profitable, I will sell coins and withdraw money to spend fiat money. It is much more convenient and faster.
Since I lost my permanent job and today I get the only income through cryptocurrency trading, one way or another I use all the cryptocurrency that I earn for daily purposes to pay my bills. Of course this happens by exchanging cryptocurrencies into fiat currencies, but nevertheless, with the help of online resources I can buy certain things, paying for them with cryptocurrency. It is unfortunate that there are not as many such online stores as we would like.
Unfortunately, I can't spend crypto too much, I would love to, I mean if it was up to me I would totally just use crypto and never use fiat ever again in my life if I had that option. However in my country crypto is not accepted that much, I have used crypto before to buy stuff but most of it was digital.
I remember at one point steam accepted bitcoin so I used it to buy some games, I bought domain and hosting from namecheap and multiple times at that, I bought it to use some developers talents and he coded some stuff for me, I bought designers to help me create some logos, so all stuff that I can get digitally and not a physical product so far. If nothing else I would love if it I could pay my bills with crypto at least, that would be so amazing.
I remember at one point steam accepted bitcoin so I used it to buy some games, I bought domain and hosting from namecheap and multiple times at that, I bought it to use some developers talents and he coded some stuff for me, I bought designers to help me create some logos, so all stuff that I can get digitally and not a physical product so far. If nothing else I would love if it I could pay my bills with crypto at least, that would be so amazing.
This isn't a trading thread per say. I've just been doing a lot of thinking lately about the state of BTC or crypto in general, and have found myself drifting into negativity regarding certain groups. Damn generalizations creeping in and harshly judging people without digging deeper - today it's the trading side of crypto.
So diving in, I am in the Pro "spend what you can when you can camp" ( No different than anything I still feel one needs to have some portion of savings) I think if we aren't spending crypto to encourage businesses to adopt it where is the endgame. I also feel like a lot of the crypto rich have abandoned creating a market environment for one that really only benefits "gains". There are so many trading platforms out there when you compare against say online marketplaces; or even attempts at marketplaces. My only issue really comes down to how does trading benefit the overall BTC and crypto ecosystem if trading is the only activity users are performing with their coins.
I'm not saying it's entirely bad. Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag, do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.
Other side many people loss their money with trading because price have down, not all trader can earn much profit with bitcoin and altcoin trading during still do not know about how rule and way to be success trading, beside always have trick with trading with lucky and unlucky when starting trade, when you lucky maybe you can get profit although whit shit coin. So diving in, I am in the Pro "spend what you can when you can camp" ( No different than anything I still feel one needs to have some portion of savings) I think if we aren't spending crypto to encourage businesses to adopt it where is the endgame. I also feel like a lot of the crypto rich have abandoned creating a market environment for one that really only benefits "gains". There are so many trading platforms out there when you compare against say online marketplaces; or even attempts at marketplaces. My only issue really comes down to how does trading benefit the overall BTC and crypto ecosystem if trading is the only activity users are performing with their coins.
I'm not saying it's entirely bad. Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag, do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.
It depends on individual opinion and plan, we are specific about trader now, some Bag their profit and invest it into another trade online, but I don't want to believe there will be a trader who will just keep hodling their bitcoin just for trading sake and not cash out to purchase certain material things for him or herself, but for those are still earning well I their place of work . The profit Should be enjoyed.
There are many traders who just invest their money to cryptocurrency for just giving away and not taking or even looking his investment for a long time because there are many people who invest in cryptocurrency just for fun and try some luck, because they already know the risk that investing in cryptocurrency doesn't guarantee anything but great returns with bunch of luck
What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?
I agree, you have to spend something of your profit so that you can enjoy it and have real use of it. I think many traders are aware of it and besides reinvesting part of their profit they also spend it. Afterall what is the use of trading if not making profit that you can use in real life? Trading is not purpose for itself, that makes no sense.
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