Do you like to hoard your BTC or spend it? - page 3.

naidray

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Quote from: bamboylee on May 30, 2016, 11:02:48 AM

Quote from: Xpod78 on May 25, 2016, 09:54:05 PM

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

I hoard some and convert some. Bitcoin is a part time income to me. So there is really a need to convert to fiat or spend it. I cannot help it. But the bitcoin I did not spend, I try my best to save and hoard it until halving. I hope halving brings much profit.

What's the point of actually hoarding the bitcoins if you have no intention of spending them at all? It's okay to hoard, but there should be some kind of a limit or a goal like when I reach "this amount," I'll spend it to buy something.

peta4e

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If I see good price where I can earn small profits then I simply sell it, as I am sure bitcoin will give me opportunity in future to buy some of it.

upsidedown75

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Quote from: bamboylee on May 30, 2016, 11:02:48 AM

Quote from: Xpod78 on May 25, 2016, 09:54:05 PM

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

I hoard some and convert some. Bitcoin is a part time income to me. So there is really a need to convert to fiat or spend it. I cannot help it. But the bitcoin I did not spend, I try my best to save and hoard it until halving. I hope halving brings much profit.

I also do the same. I split my bitcoin income in a 50-50 percentage and convert half to fiat cash and withdraw it via PayPal. Every week, I save about 0.05-0.1 depending on how much I earn and each month, I manage to save 0.4 BTC which is more than enough.

Looking at the price now, my decision was right and I don't regret spending half the amount. If we save all our bitcoins, we would never have fiat to buy more coins and not realize how much we are earning per month.

bamboylee

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Quote from: Xpod78 on May 25, 2016, 09:54:05 PM

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

I hoard some and convert some. Bitcoin is a part time income to me. So there is really a need to convert to fiat or spend it. I cannot help it. But the bitcoin I did not spend, I try my best to save and hoard it until halving. I hope halving brings much profit.

goinmerry

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Quote from: Oralmat on May 30, 2016, 10:46:37 AM

Quote from: Cryptonitex on May 30, 2016, 08:58:11 AM

SPEND IT

Save some though.

Why Spend the bitcoins ? I think it is not the best time to spend. If you have the bitcoins keep them save for one month or so alteast till halving. On halving when hopefully the price will be near 100 Dollars we can sell them all and get high profits. Selling at the right moment in halving is the key.
So take my word. Dont spend it now.

Do you think it will increase that way now if it is not for spenders. That is the wrong idea here. Too much saving wont get it any far. Think about all of us are keeping it. Then where is the movement to see the fluctuation. Nothing.

Oralmat

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Quote from: Cryptonitex on May 30, 2016, 08:58:11 AM

SPEND IT

Save some though.

Why Spend the bitcoins ? I think it is not the best time to spend. If you have the bitcoins keep them save for one month or so alteast till halving. On halving when hopefully the price will be near 100 Dollars we can sell them all and get high profits. Selling at the right moment in halving is the key.
So take my word. Dont spend it now.

klf

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Quote from: Altcoinsupporter on May 30, 2016, 10:06:06 AM

Quote from: dezoel on May 30, 2016, 08:42:13 AM

Quote from: xuan87 on May 30, 2016, 07:52:37 AM

I love to hoard my bitcoin especially in this few weeks before the halving happen, the price is keep on rising, it makes my bitcoin more and more precious, I used to spend it on gambling and purchase things, but now i try to limit myself and store my bitcoin

That is the perfect way to treat your coins at this stage, as we are now very near to halving, so its good not to take any risk with coins and hold it safely.

It will be better if you are now waiting a longer time until the value will be more worth because you also can see now that the value will rise slowly and that would be nice.
But it is still hard to know what will happen with the Bitcoin and that is the problem of the currency because sometimes you have to takes some risks.

Hoarding is well even i too agree with it instead of spending your coins in gambling you can save your money. But those who hoarding there bitcoin now time came to sell but if you are looking for still more profit you can hold it in your wallet. I sold some coins last week just for low price because of my personal use but now i am feeling so bad it is huge increase with in few days so let's see still it will be increase.

pereira4

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It's better to hoard it. Bitcoin is too valuable to be spent on stupid things that you don't really need. To buy stupid stuff, I use fiat, because I don't value fiat. Of course sometimes im tempted to do use some of my earned BTC to buy some videogames, but I think twice and say fuck it, I don't need that shit anyway.

Altcoinsupporter

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Quote from: dezoel on May 30, 2016, 08:42:13 AM

Quote from: xuan87 on May 30, 2016, 07:52:37 AM

I love to hoard my bitcoin especially in this few weeks before the halving happen, the price is keep on rising, it makes my bitcoin more and more precious, I used to spend it on gambling and purchase things, but now i try to limit myself and store my bitcoin

That is the perfect way to treat your coins at this stage, as we are now very near to halving, so its good not to take any risk with coins and hold it safely.

It will be better if you are now waiting a longer time until the value will be more worth because you also can see now that the value will rise slowly and that would be nice.
But it is still hard to know what will happen with the Bitcoin and that is the problem of the currency because sometimes you have to takes some risks.

Mumbeeptind1963

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Quote from: Xpod78 on May 25, 2016, 09:54:05 PM

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

For me now the best is to hoard it at your wallet than spend it because the bitcoin halving is not happening rigth now but the price is going up so i think in bitcoin halving theres a chancd that the price of bitcoin will double or triple

. So for now its hoarding time. And if the bitcoin halving is done. Its okay now to spend it and do what you want to do with your money.

BitSquare

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I bought some bitcoin a few years ago. I hold most of the coin in my own wallet and trade some with altcoins.

Shibashi Dogemoto

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Quote from: Labumi on May 30, 2016, 09:08:03 AM

Quote from: Cryptonitex on May 30, 2016, 08:58:11 AM

SPEND IT

Save some though.

Pretty extreme, but if you do Spend it for your bitcoin funds, then it is indeed good enough to earn a profit, it's just that you should also see how potential price Bitcoin can rise from current prices. Better spend a small portion and save the most

Spending at a moment is not the right thing to do, only if you are need of money then sell some of it that can take care of your needs, rest should be hold till the halving.

Labumi

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Quote from: Cryptonitex on May 30, 2016, 08:58:11 AM

SPEND IT

Save some though.

Pretty extreme, but if you do Spend it for your bitcoin funds, then it is indeed good enough to earn a profit, it's just that you should also see how potential price Bitcoin can rise from current prices. Better spend a small portion and save the most

Cryptonitex

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SPEND IT

Save some though.

dezoel

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Quote from: xuan87 on May 30, 2016, 07:52:37 AM

I love to hoard my bitcoin especially in this few weeks before the halving happen, the price is keep on rising, it makes my bitcoin more and more precious, I used to spend it on gambling and purchase things, but now i try to limit myself and store my bitcoin

That is the perfect way to treat your coins at this stage, as we are now very near to halving, so its good not to take any risk with coins and hold it safely.

xuan87

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I love to hoard my bitcoin especially in this few weeks before the halving happen, the price is keep on rising, it makes my bitcoin more and more precious, I used to spend it on gambling and purchase things, but now i try to limit myself and store my bitcoin

mark coins

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Quote from: ABCbits on May 30, 2016, 06:24:31 AM

I like both of them, but i still prefer to spend my bitcoin for all online shopping if possible.
I still prefer fiat than bitcoin or bitcoin debit card for offline shopping though.

Yeah fiat is really good for offline shopping at a moment, and the fact is we cannot spend bitcoin physically yet, and its good to save bitcoin for future.

ABCbits

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I like both of them, but i still prefer to spend my bitcoin for all online shopping if possible.
I still prefer fiat than bitcoin or bitcoin debit card for offline shopping though.

Wendigo

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Well I am trying to save my Bitcoins and only touch them if I have found something very attractive that comes with a big discount which I can buy with Bitcoin. For everything else I am using fiat money from my salary. Bitcoin would make for a great digital currency but unfortunately with the big price swings and its volatile nature people prefer to use it as a store of value due to the great potential for easy profit. I am not hard-pressed to spend my Bitcoins right now so I prefer to hoard but I will not be holding them forever.

ajun96

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Quote from: Jhanzo on May 29, 2016, 08:25:19 PM

I'm not very fond of having my money leave my pocket/wallet... So I hoard as much bitcoins as I can but spend some when I want to. I think this should be normal because bitcoin is a currency. And currencies are meant to be spent.

yeah bitcoin is currency used for shopping but of course you have a goal to become rich right ?
so you should be able to hold your money and not wasteful spending money. so of course I prefer to withhold or hoard my money. of course it would be better

Topic: Do you like to hoard your BTC or spend it? - page 3. (Read 3702 times)