Do you actively spend your bitcoins? - page 17.

bamboylee

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Quote from: Aamir1 on September 25, 2016, 03:51:16 AM

Quote from: Kotone on September 25, 2016, 03:34:00 AM

Quote from: mandica on July 14, 2016, 03:17:37 PM

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.

If you hold your coins make sure that you can make profit every time the price of bitcoin rise but you will wait more months before that happens for sure there are lots of ways to earn money monthly or weekly in signature campaign after that you can spend your bitcoin with bills or goods.

Trading is better than just holding, holding is obviously safer somehow because they are just kept safe in a wallet and if the price grows they are growing with that, but that process is quite slow because sometimes the price gets stable for many days as it was recently, and in that case you can still earn profits by trading.

Yeah, if you are trading your bitcoins, you can take advantage of the dips of bitcoin. You can make more bitcoin when sell high and buy low. Just be patient and wait for the right time to buy and right time to sell. If you are just holding, you only make profit one time. BUt if you trade, you make profit everytime you sell and buy.

umaOuma

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Quote from: nisya on September 26, 2016, 08:02:05 AM

Quote from: peta4e on September 26, 2016, 07:47:48 AM

Quote from: Skaven on September 26, 2016, 07:21:53 AM

Quote from: mrhelpful on March 07, 2016, 08:32:38 PM

Quote from: relq on March 07, 2016, 07:54:49 PM

Quote from: phirto on March 07, 2016, 12:37:55 PM

I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

The sad truth is most of us have held for awhile.

And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get.

It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long.
Still I am going to hold on a little longer atleast till 2017 to see how it develops.

Don't hold all of them if present price is allowing you to make profits then you should sell part of it in order to secure profits and if price falls in coming days you can buy them again.

i am agree with this, i would not hold if i look there is a chance for me to get profit and i will sell for half of bitcoin for first and then if the rate still increase then i will sell little amount. i am sure that the rate will get down for sometime and if this is happen then it gives me a chance to buy bitcoin back with little amount of money and i can get much of bitcoin.

That is the best way to treat your coins, its a currency and also an investment to us, and everyone invests hoping to make profits from it and if its giving you an opportunity to make profits then you should not miss it.

btcdevil

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Quote from: nisya on September 26, 2016, 08:02:05 AM

Quote from: peta4e on September 26, 2016, 07:47:48 AM

Quote from: Skaven on September 26, 2016, 07:21:53 AM

Quote from: mrhelpful on March 07, 2016, 08:32:38 PM

Quote from: relq on March 07, 2016, 07:54:49 PM

Quote from: phirto on March 07, 2016, 12:37:55 PM

I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

The sad truth is most of us have held for awhile.

And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get.

It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long.
Still I am going to hold on a little longer atleast till 2017 to see how it develops.

Don't hold all of them if present price is allowing you to make profits then you should sell part of it in order to secure profits and if price falls in coming days you can buy them again.

i am agree with this, i would not hold if i look there is a chance for me to get profit and i will sell for half of bitcoin for first and then if the rate still increase then i will sell little amount. i am sure that the rate will get down for sometime and if this is happen then it gives me a chance to buy bitcoin back with little amount of money and i can get much of bitcoin.

What you are doing is very good as it will reduce your purchase price of bitcoin and even you can increase the holding bitcoins as you are selling on high and when the price reduces you are buying back and with the profit you can buy more bitcoins like this your bitcoin bankroll will increase with the same time your buying rate will also decrease. Both side benefit while doing trading of bitcoins.

Like this if we do actively trading of bitcoins their will be more exposure to bitcoins and we can see more price speculations.

Where i am staying bitcoin is not accepted and even the online shopping is costly comparing the purchase price , i am only converting it to fiat currency to spend on my expenses.

nisya

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Quote from: peta4e on September 26, 2016, 07:47:48 AM

Quote from: Skaven on September 26, 2016, 07:21:53 AM

Quote from: mrhelpful on March 07, 2016, 08:32:38 PM

Quote from: relq on March 07, 2016, 07:54:49 PM

Quote from: phirto on March 07, 2016, 12:37:55 PM

I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

The sad truth is most of us have held for awhile.

And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get.

It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long.
Still I am going to hold on a little longer atleast till 2017 to see how it develops.

Don't hold all of them if present price is allowing you to make profits then you should sell part of it in order to secure profits and if price falls in coming days you can buy them again.

i am agree with this, i would not hold if i look there is a chance for me to get profit and i will sell for half of bitcoin for first and then if the rate still increase then i will sell little amount. i am sure that the rate will get down for sometime and if this is happen then it gives me a chance to buy bitcoin back with little amount of money and i can get much of bitcoin.

peta4e

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Activity: 672

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Quote from: Skaven on September 26, 2016, 07:21:53 AM

Quote from: mrhelpful on March 07, 2016, 08:32:38 PM

Quote from: relq on March 07, 2016, 07:54:49 PM

Quote from: phirto on March 07, 2016, 12:37:55 PM

I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

The sad truth is most of us have held for awhile.

And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get.

It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long.
Still I am going to hold on a little longer atleast till 2017 to see how it develops.

Don't hold all of them if present price is allowing you to make profits then you should sell part of it in order to secure profits and if price falls in coming days you can buy them again.

Seansky

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Activity: 560

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I active spend my bitcoins in many ways. Most of it is that I convert it to fiat, I categorized it as spending my bitcoin since I send out my bitcoin to receive fiat. I also use it when I buy online, it is very convenient even though only a few stores accept bitcoin as payment. Lastly, I use bitcoin to buy altcoins that I think would rise in value in the future.

Skaven

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Quote from: mrhelpful on March 07, 2016, 08:32:38 PM

Quote from: relq on March 07, 2016, 07:54:49 PM

Quote from: phirto on March 07, 2016, 12:37:55 PM

I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

The sad truth is most of us have held for awhile.

And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get.

It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long.
Still I am going to hold on a little longer atleast till 2017 to see how it develops.

chaosknight

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Merit: 1000

Quote from: newcoins1978 on September 26, 2016, 06:42:58 AM

Quote from: Ziskinberg on September 22, 2016, 10:24:41 PM

Quote from: Shiroslullaby on September 22, 2016, 08:00:57 PM

I don't spend them, but sometimes I get a good tip for some sports event and do some betting.
Sometimes it doesn't work out and I lose the bitcoin, so thats kind of like spending them, I guess.

You still spend because sports betting is gambling and in gambling we have no assurance whether we will win or not. I know that because I am a gambler myself.

Indeed gambling should just be seen as a game and not as a steady income because it can simply not provide that.
I don't actively spend bitcoin cause I don't have the option to and also I'd like to safe as much as I possibly could.

Yeah we can never expect steady income from gambling sometimes it will be positive and other times negative, so its better to save them and be satisfied with what we have instead of getting greedy and loosing everything.

newcoins1978

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Quote from: Ziskinberg on September 22, 2016, 10:24:41 PM

Quote from: Shiroslullaby on September 22, 2016, 08:00:57 PM

I don't spend them, but sometimes I get a good tip for some sports event and do some betting.
Sometimes it doesn't work out and I lose the bitcoin, so thats kind of like spending them, I guess.

You still spend because sports betting is gambling and in gambling we have no assurance whether we will win or not. I know that because I am a gambler myself.

Indeed gambling should just be seen as a game and not as a steady income because it can simply not provide that.
I don't actively spend bitcoin cause I don't have the option to and also I'd like to safe as much as I possibly could.

gerXhonza

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Quote from: chaser15 on September 26, 2016, 06:01:51 AM

Quote from: SquallLeonhart on September 26, 2016, 05:28:27 AM

There is a risk in holding them too long as if price falls in future then holding them won't be profitable, so its better to spend them or sell them when price goes higher.

And holding too long isn't preferred by those traders. Look, those traders that taking advantage of every price increase have better and decent earnings than those people who holds big quantity of coins that wants to hold for really a long time.

In my own strategy, as soon as there is a big price increase, Im making sure I can take advantage of it rather than to hold long.

I think that's the right thing to do, we are investing our money in it to make profits and if miss the opportunity of making profits then its not worth to invest money in it.

Doms

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I only have a few portions of bitcoin at the moment and I only convert them to fiat when I have to. It might take a while before I reach one whole bitcoin as I only earn it in small amounts and buy a few times. I really don't have time to trade so that is not an option that I can do right now.

chaser15

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Quote from: SquallLeonhart on September 26, 2016, 05:28:27 AM

There is a risk in holding them too long as if price falls in future then holding them won't be profitable, so its better to spend them or sell them when price goes higher.

And holding too long isn't preferred by those traders. Look, those traders that taking advantage of every price increase have better and decent earnings than those people who holds big quantity of coins that wants to hold for really a long time.

In my own strategy, as soon as there is a big price increase, Im making sure I can take advantage of it rather than to hold long.

SquallLeonhart

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Quote from: Positid on September 26, 2016, 04:17:20 AM

Quote from: eddyubachs on September 25, 2016, 11:06:02 AM

Quote from: tabas on September 25, 2016, 11:01:06 AM

Quote from: Corenin on September 25, 2016, 08:42:49 AM

Quote from: Jasad on September 25, 2016, 07:54:32 AM

Quote from: Aamir1 on September 25, 2016, 03:51:16 AM

Quote from: Kotone on September 25, 2016, 03:34:00 AM

Quote from: mandica on July 14, 2016, 03:17:37 PM

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.

If you hold your coins make sure that you can make profit every time the price of bitcoin rise but you will wait more months before that happens for sure there are lots of ways to earn money monthly or weekly in signature campaign after that you can spend your bitcoin with bills or goods.

Trading is better than just holding, holding is obviously safer somehow because they are just kept safe in a wallet and if the price grows they are growing with that, but that process is quite slow because sometimes the price gets stable for many days as it was recently, and in that case you can still earn profits by trading.

who says holding are safer?
have you ever imagine buying bitcoin at price $800 and now stucked at $600?
already holding for over 3 months and lost $20,000 already in current position?
always better to spend your bitcoin regularly and invest on reasonable amunt only.

Exactly holding is not safer at all, we hold them hoping that price will go higher but if falls down dramatically then you cannot afford to sell them till the point you reach to break even.

Holding is just like gambling and as well as trading it is only for people that are risk taker and does have a lot of bitcoins to their wallets. It is just going to be applicable if you are not an active spender of bitcoin. But if you are just depending on your bitcoins and you are using it for your daily life it is better if you are not going to hold.

Yes its better to spend them instead of simply holding them as if price goes down in future then it won't be profitable for you to spend them and if any emergency comes then you need to sell them even at lower price.

Just spend what you really need and hold the remaining amount, you know what you will only realize that in the future that holding will give benefits and if you are holding you might be surprise that you are getting a good amount of profit.

There is a risk in holding them too long as if price falls in future then holding them won't be profitable, so its better to spend them or sell them when price goes higher.

crypto.james

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i do spend bitcoins for trading

Positid

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