Topic: Do traders spend crypto when they can? - page 3. (Read 719 times)
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.
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.
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.
When a trader wanted to enjoy their benefits from crypto, definitely they should spend crypto as they wanted to. Joining the eco-system, crypto value will not dies as long as it has been circulating on different types of spendings.
Each and every product that has linked with cryptocurrency, has its independent body, and as long as the demand increased the price eventually rises.
Maybe they will use crypto if it is very necessary like those necessities including, food, health, shelter, clothes and anything that is in a Maslow's Hierarchy of Needs. But if you will just use it for something that you want or something that has no value to your life, do not attempt to do so. Proper management of money is also a good thing to practice for you to prevent spending your money to the things that is useless.
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.
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.
Although i am not daily trader, i will spend my profit when i can. Spend crypto wouldn't means we spend our capital and not our profit right. Same with me when i get paid from bounty or signature campaign i will save it and spend it in vacation because sometimes daily activity really stressful for me and i need spend my time and my money to do something fun.
I see where you are going at.
It became just a non-stop activity. Trade, bag it then trade more.
There is no spending that is happening in it.
I don't. Whenever I feel like I am blessed, (profits higher than expected) I spend it. Go out with the family.
There is a problem though. It should have been spent thru the way you made it.
Crypto currency.
Just like you said, there is not much marketplace or who accepts it.
I guess what we could do is just wait. Maybe it will happen.
It became just a non-stop activity. Trade, bag it then trade more.
There is no spending that is happening in it.
I don't. Whenever I feel like I am blessed, (profits higher than expected) I spend it. Go out with the family.
There is a problem though. It should have been spent thru the way you made it.
Crypto currency.
Just like you said, there is not much marketplace or who accepts it.
I guess what we could do is just wait. Maybe it will happen.
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.
In my case, some of my fiat is in crypto (specially BTC) so if the need arises I have to sell some and convert it to fiat. And there are times that I used my crypto directly to pay my monthly bills (internet, credit cards, electric and even water). So I would say that I did my share to 'recycle' my coins and bring it back to the ecosystem at some point in time. Right now I'm contemplating of cashing out around $1k to pay for my kids school. And then buying back when there is an opportunity.
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.
Traders are vital for efficient price discovery. They provide much of the existing market liquidity. This may not be a popular opinion, but they are fundamentally good for the ecosystem, full stop.
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.
Bartering and directly spending trading gains is ideal, as it allows one to avoid the tax man.
I think it's safe to say that just the fact that your account is growing in size is already something that satisfies you enough to a point where your only next target is to have it grow even bigger. Spending or whatever will only make it go down, thus not really something that you are going to do.
In my case, I do spend quite a bunch of satoshis on a monthly basis, whether I make profit or not because I do believe that Bitcoin is cash just as much as it is digital Gold. I always make sure to buy back every single satoshi that I have spent to not lose out on purchasing power in case the price goes through its next parabolic cycle. I hope more people do that.
In the end, I do not really care much if people are spending their coins or not. It's their money and they can do whatever they want with it. There are just as many valid points to be made for spending coins as there are for not spending coins.
In my case, I do spend quite a bunch of satoshis on a monthly basis, whether I make profit or not because I do believe that Bitcoin is cash just as much as it is digital Gold. I always make sure to buy back every single satoshi that I have spent to not lose out on purchasing power in case the price goes through its next parabolic cycle. I hope more people do that.
In the end, I do not really care much if people are spending their coins or not. It's their money and they can do whatever they want with it. There are just as many valid points to be made for spending coins as there are for not spending coins.
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?
It's good to balance things, spend some and save some. It's like enjoying today and preparing for tomorrow its applicable as long as we know our goals, set our limits and spen donly what is needed. Others make it as inspiration to save now since soon you'll be able to enjoy it especially if they are starting from scratch and every earning matters or alloted for something. 
Currently, my spending habits with my crypto are my luxury items only. The wants that I don't need, but I still get to keep some part of the earnings in my wallet. Anyways, in my trading experience, every month, I will cash out a portion of what I earned during the month. For example, if my profit is 0.01 in my 0.1 capital in trading, then I would cash out the 0.01, and that's what I could use to spend.
I guess I support other companies by using some of my bitcoins, so it circulates in a way, other than that, I do nothing else. I'm quite sure that we have different views about how we use our crypto.
I guess I support other companies by using some of my bitcoins, so it circulates in a way, other than that, I do nothing else. I'm quite sure that we have different views about how we use our crypto.
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'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.
neither for buying my personal needs and wants in life.The thing that do have in mind is not too spend too much unless if its important or emergency.Who would be the one doesnt like to make his bag even more bigger?
We do saw on what are the advantages of this one.
If profit in trading, maybe this is look like people will usually answer like this. But my friend keep told me to increase capital when profit but don't forget to withdraw some and make it as saving and spend it. So after profit, only my profit which i will split, for increase my capital and withdraw it to bank. So when i need something i still have money and not disturb my capital. And if my capital looks bad and i have chance to get profit, i use that savings.
Yeah i think when we have much profits we should withdraw it and save it for daily needs or an important sudden need. As long as the portion of the spending amount not more than the investment amount i think the investment and the financial status is still healthy, or people could move their profits from crypto to invest in more safe investment
That's right, if we have the advantage of trading, it's better to save as much as possible in a more tangible asset because indeed we will need it in a few other important ways, I will never profit it in trading again and better if I save or make my savings in the future up front it will be better than having to splurge.
If profit in trading, maybe this is look like people will usually answer like this. But my friend keep told me to increase capital when profit but don't forget to withdraw some and make it as saving and spend it. So after profit, only my profit which i will split, for increase my capital and withdraw it to bank. So when i need something i still have money and not disturb my capital. And if my capital looks bad and i have chance to get profit, i use that savings.
Yeah i think when we have much profits we should withdraw it and save it for daily needs or an important sudden need. As long as the portion of the spending amount not more than the investment amount i think the investment and the financial status is still healthy, or people could move their profits from crypto to invest in more safe investment
That's right, if we have the advantage of trading, it's better to save as much as possible in a more tangible asset because indeed we will need it in a few other important ways, I will never profit it in trading again and better if I save or make my savings in the future up front it will be better than having to splurge.
I always spend and convert my bitcoin to cash in monthly so I can have money to buy anything and fill me and my family's needs. It's not all about saving the profit only, but we need to cash out the bitcoin into local fiat to buy what we want. Besides that, I cannot use directly of bitcoin because there are not many local stores that I can visit to buy something to fills my daily needs.
But yes, I save my other bitcoin just in case I see the bitcoin price can increase so high in a short time so I can sell my bitcoin at the highest price. But I feel that the bitcoin price will not grow in a short time because we will be going to see the halving time, and that can cause the bitcoin price to go to any price that we don't expect. So saving the rest amount of bitcoin will be a great idea so we can make a huge profit in the future.
But yes, I save my other bitcoin just in case I see the bitcoin price can increase so high in a short time so I can sell my bitcoin at the highest price. But I feel that the bitcoin price will not grow in a short time because we will be going to see the halving time, and that can cause the bitcoin price to go to any price that we don't expect. So saving the rest amount of bitcoin will be a great idea so we can make a huge profit in the future.
With the prices we have now, I just hold it now and basically depend on my job's salary.
It's been months that I am not spending that many cryptocurrencies since we all know how would that end up, it would obviously be our loss. But when the price is good, I can spend some of them but not too much. I live where cryptocurrencies are accepted but not a lot of them are really using it so when I am using it, I would be converting it or sell it.
It's been months that I am not spending that many cryptocurrencies since we all know how would that end up, it would obviously be our loss. But when the price is good, I can spend some of them but not too much. I live where cryptocurrencies are accepted but not a lot of them are really using it so when I am using it, I would be converting it or sell it.
I tend to save most of my Bitcoin, but I have spent some on a few occasions. The main reason I hold is that I believe there is plety of room for Bitcoin to increase in price and I am using it as an investment.
There is another issue however. That is it's not necessarily easy to find places that accept Bitcoin where I am located. It's still very early in the acceptance stages for Bitcoin and it needs time to grow.
There is another issue however. That is it's not necessarily easy to find places that accept Bitcoin where I am located. It's still very early in the acceptance stages for Bitcoin and it needs time to grow.
Anxiety will always appear when the total assets are still in the main wallet balance, especially if it suddenly experiences floating. in exchange like binance has 3 different wallets, if you get 10% profit, send half of it to a futures wallet and leave it passive there. and the other half is only used to back up capital, for a moment we have to manage assets psychologically so that the mind remains in control.
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.
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.
Traders should spend their profits and enjoy their profits or use the profits to solve their financial worries. For this purpose they must convert some of bitcoins into local currency. Some people keep on investing the profit again and again in new trades to increase their portfolio but i do not think this is right. Because if the trader few trades goes wrong, the profit earned before could turn into loss very quickly.
So if you are already profitable in trading, then the profit is not made capital again, it will be risky, I prefer to withdraw my profit regardless of the nominal value for future savings and I will not be as direct in trading.
Capital trading must still exist and should not be disturbed because it makes our capital to trade again.
If profit in trading, maybe this is look like people will usually answer like this. But my friend keep told me to increase capital when profit but don't forget to withdraw some and make it as saving and spend it. So after profit, only my profit which i will split, for increase my capital and withdraw it to bank. So when i need something i still have money and not disturb my capital. And if my capital looks bad and i have chance to get profit, i use that savings.
Yeah i think when we have much profits we should withdraw it and save it for daily needs or an important sudden need. As long as the portion of the spending amount not more than the investment amount i think the investment and the financial status is still healthy, or people could move their profits from crypto to invest in more safe investment
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