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Topic: Do you save bitcoin for fun or for future purpose? - page 149. (Read 204113 times)

hero member
Activity: 1008
Merit: 501
Since I started bitcoin quarter of lastyear, I never purchase anything using bitcoin. All bitcoins I earned is invested to crypto trading.
I think it's up to you to use bitcoin for spending or not. because each user is free to use for any bitcoinu. but one thing is important that saving for the future is quite important
legendary
Activity: 1190
Merit: 1002
I keep some bitcoins out of what i earn and balance i split in some in gambling and balance i convert them to fiat currency to meet my expenses. so if i am not wrong 90% of here who ever is earning or investing is saving for future only as investment.
legendary
Activity: 3374
Merit: 1824
I have my own strategy with bitcoin.
Part of bitcoin funds I keep in my wallet and part of funds I regularly invest in online businesses.
In this way, a portion of the funds is safe in my wallet, and also I earning profit here, since bitcoin value increasing right now.
Other part of funds I invest, with high risk but also high possible profit.
Even if I loose with investing, still I have enough funds in my wallet, saved for the future Smiley
sr. member
Activity: 1372
Merit: 255
Since I started bitcoin quarter of lastyear, I never purchase anything using bitcoin. All bitcoins I earned is invested to crypto trading.
sr. member
Activity: 406
Merit: 250
Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
It is for sure that people store bitcoin for the future because the believe that the price is always going to go up and they want to maximize their profit from bitcoin, but the question is until when, if the price keeps going up and people get greedy it is never the right time to exchange and stop saving.

I am not saying that people shouldn’t save they should but have a point and know their goals so they get their profit and not lose their chance to make money.

Yeah, maybe some people will continue to keep bitcoin up to the highest price that can be achieved bitcoin. But I personally invest in the long term but also use ordinary profit I earn from trading. I use part of the profits to buy necessities such as internet access and the rest I return it to increase its investment in bitcoin. With so I invest with bitcoin once using bitcoin to buy something. Thank you
legendary
Activity: 1554
Merit: 1054
Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
It is for sure that people store bitcoin for the future because the believe that the price is always going to go up and they want to maximize their profit from bitcoin, but the question is until when, if the price keeps going up and people get greedy it is never the right time to exchange and stop saving.

I am not saying that people shouldn’t save they should but have a point and know their goals so they get their profit and not lose their chance to make money.
sr. member
Activity: 253
Merit: 250
Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
legendary
Activity: 1176
Merit: 1024
I'm not saving it for fun. I do it because I need it. Also, I'm saving and investing it to achieve my future financial goals. I'm expecting to have a huge amount of bitcoin in the future because I put it in auto-reinvest whenever I received the interest on my investments.
You must be doing great. When bitcoin is having all the buying powers, I guess no one will be saving it for fun. Only in early days people would have saved it for fun by without knowing what will be the future of bitcoins.

We must save bitcoins now a days consciously because the future is just belongs to bitcoins as Japan government decided to legalize bitcoin payments and big number of merchants in Japan will be accepting it. Maybe Japan will be leading rest of world to adopt bitcoins.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
I save bitcoin for future purpose. It has the capability of becoming a global currency to replace fiat, though its a big longshot idea but it is capable of becoming such. My reasons are for trading and earning money from it. I also sell bitcoin to get fiat money when prices rise.

However saving bitcoin should be done judiciously because the prices matter and you would like to save money when prices fall as rise is coming soon for sure. Again you would like to save money if you are planning on some future project.

If you are saving bitcoin because of the idea of it's capability to replace fiat then I see no sense at all saving it. What is the used of it's fiat value now if it will become the sole currency that will replace fiat. But well your follow up statement is fine since Im having that kind of same reasons too.

And just to add to your last statement, it's a good practice to have some measures on dealing with the price movement in bitcoin since it will lead us not only on profit but for a loss. But always remember that bitcoin is meant for long term holding so whatever loss that will happen, surely it will rise.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
I save bitcoin for future purpose. It has the capability of becoming a global currency to replace fiat, though its a big longshot idea but it is capable of becoming such. My reasons are for trading and earning money from it. I also sell bitcoin to get fiat money when prices rise.

However saving bitcoin should be done judiciously because the prices matter and you would like to save money when prices fall as rise is coming soon for sure. Again you would like to save money if you are planning on some future project.
hero member
Activity: 3094
Merit: 654
It is for savings account.
How can it be for fun only when we are dealing with real money. That can't just be the reason right?
Although some do for gambling reasons, it is fun but they are still way to serious into winning the game because it is their own money that is being spent.
I always think about the future and I can see this is the best way to save money and grow it just by letting it stay in a wallet.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I would like to consider it as fun because i really cannot see or feel the asset but can view it ,but it does have series monetary valuation and so i would use it as an asset as well for my future and hope it will make some changes in my life and the price grows from this valuation.
maybe you'll get bored when using bitcoin only for investment then just hold bitcoin. using bitcoin for fun occasionally may make you do not get bored. so it was a good idea
This is true, while investing, trading and saving are necessary to safeguard our future, we need to understand that we also need to use our money to have some fun once in a while, after all money is supposed to be used for our benefit and having fun benefits us.

That's right but if you are earning both in fiat and bitcoins then I think you can have fun with fiat money and bitcoins should be saved for the future as the price of bitcoin will go higher in future so its better to have more amount of bitcoin at that time.
I suppose all of us have that option since it makes more sense to save in bitcoin than in fiat since in fiat you get ridiculous interest rates like 1 or 2 percent a year when in bitcoin  you can get a lot more than that in less than a month even with the high variance of the price.

I completely agree. In bitcoin, our assets are not depreciated and every month they increase. This is why I convert all my free funds into bitcoin
Even if bitcoin gives bigger earnings than fiat, it does, you still need to keep a portion of your money in hand as fiat since you never know what may happen and you need to be ready for any eventuality so you are not caught by surprise by any unlucky event, like a car repair.
sr. member
Activity: 812
Merit: 256
No! i sell all coin! At the moment, I am emtry in my wallet after join Cloud mining!
sr. member
Activity: 364
Merit: 250
I save bitcoin for 2 reasons. It is for future expenses and to its continues increase in value as well. I save bitcoin to buy something I want and my salary remains untouched because I have bitcoin to spend my pleasure. While also saving it, in the future its value could be doubled and the purchasing power of my bitcoin will be greater.
sr. member
Activity: 476
Merit: 250
I save bitcoin just to take advantage of the rising price. When the price is low, that is when I buy bitcoins.
it is for short-term profits dude. I think it would be better if you set aside a certain percentage of bitcoin do you have to be saved as future severance
sr. member
Activity: 518
Merit: 251

i am buying bitcoin from its cheapest price and hold it for future use. i know bitcoin will multiply its price in the near future. i do believe in bitcoin. so i am holding it. we are so lucky to buy bitcoin now as it is still cheap.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
i think i save my bitcoin mostly for my future use and little amount for fun. i also adding more and more bitcoin inorder to invest it in any kind of business to secure my future and to protect myself from financial crisis in future. and the little amount which i spend it for fun is also important because life without fun is boring.
That is right, a life without fun is such a boring life to live in. I also save the majority of my bitcoin for long term because i believe that the price of bitcoin will increase even more after at least 5 years and i know that bitcoin will not disappoint me because based on the charts it is always going up. The rest of my unsaved bitcoins is i put it in a trading site to grow it and save the profit for long term.
hero member
Activity: 959
Merit: 500
I do not have a big amount saved in bitcoins.
Those I have are for the case that over the next one or two decades a very big price increase will come, like it did in the last decade.
And I want to be on board this time.
But I am very well aware that this might not be the case, I did not invest more than a few bitcoins.
sr. member
Activity: 994
Merit: 252
I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
i think i save my bitcoin mostly for my future use and little amount for fun. i also adding more and more bitcoin inorder to invest it in any kind of business to secure my future and to protect myself from financial crisis in future. and the little amount which i spend it for fun is also important because life without fun is boring.
hero member
Activity: 1176
Merit: 509
I'm not saving it for fun. I do it because I need it. Also, I'm saving and investing it to achieve my future financial goals. I'm expecting to have a huge amount of bitcoin in the future because I put it in auto-reinvest whenever I received the interest on my investments.
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