Do you save bitcoin for fun or for future purpose? - page 167.

Mikellev

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Quote from: DoublerHunter on March 11, 2017, 09:24:49 AM

I save bitcoins for futures because i see a bright future with bitcoin i don't mind spending my bitcoins now and i'm just saving even a few amount of bitcoin because i believed that the price can go to its highest point like 5000-10,000$ per bitcoin so i think saving bitcoins for the future is what we need to be safe in hard times.

Exactly my point, but i want to clarify one thing, I don't save btc for fun and i don't think others too, everyone here in this btc world are with plans. we save to make sure that we get the profit from it. Everything is fine as of now and hoping for the best in the future as well. In my opinion saving the btc will be the best option which we all should do.

20kevin20

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Quote from: Harlot on March 11, 2017, 02:54:55 PM

Quote from: Drago2016 on March 11, 2017, 01:36:29 PM

Quote from: stripykitteh on March 11, 2017, 12:07:19 PM

I don't have any coins that are worth a life savings amount. The reasoning behind it is because there isn't anywhere safe to put it. The price of the coins whether the coin be an Altcoin or Bitcoin, the price per coin could drop to zero value whenever the trading exchange manipulator chooses.

Bitcoin has been going up and down and the price of it is very dangerous for the regular trader, so I only hold a small amount of Bitcoin to dump/hold.

You have your own strategy. But I'm acting differently. I'm trying to save up a few coins to save them for the distant future. I'm sure that bitcoin will cost more after 5 years

Considering the price of Bitcoin right now I don't think only one people manipulate it because it won't rise that much if it is only one person, also it is prevalent that the demand for Bitcoin is larger compared to other cryptocurrencies which also proves that it will be hard for it to go down to a value of zero. The only way that Bitcoin loses its value is when something really bad happen to it.

One person certainly can do it. It's Satoshi Nakamoto's possible wallets (the top 5 addresses on the rich list). Moving over 100k Bitcoins would mean a drastic price move, and probably a lower price in the end because it would mean the top 1 "investor", or the possible creator of Bitcoin actually wanted to get rid of Bitcoin and.. actually did it. It's like I had a company worth a million bucks and tomorrow I sold it. The stocks would go down for my company. Bitcoin is both fun and future. It's actually the fun future

You can get it in so many ways and have fun while doing it. This forum is a great example.

Harlot

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Quote from: Drago2016 on March 11, 2017, 01:36:29 PM

Quote from: stripykitteh on March 11, 2017, 12:07:19 PM

I don't have any coins that are worth a life savings amount. The reasoning behind it is because there isn't anywhere safe to put it. The price of the coins whether the coin be an Altcoin or Bitcoin, the price per coin could drop to zero value whenever the trading exchange manipulator chooses.

Bitcoin has been going up and down and the price of it is very dangerous for the regular trader, so I only hold a small amount of Bitcoin to dump/hold.

You have your own strategy. But I'm acting differently. I'm trying to save up a few coins to save them for the distant future. I'm sure that bitcoin will cost more after 5 years

Considering the price of Bitcoin right now I don't think only one people manipulate it because it won't rise that much if it is only one person, also it is prevalent that the demand for Bitcoin is larger compared to other cryptocurrencies which also proves that it will be hard for it to go down to a value of zero. The only way that Bitcoin loses its value is when something really bad happen to it.

Drago2016

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Quote from: stripykitteh on March 11, 2017, 12:07:19 PM

I don't have any coins that are worth a life savings amount. The reasoning behind it is because there isn't anywhere safe to put it. The price of the coins whether the coin be an Altcoin or Bitcoin, the price per coin could drop to zero value whenever the trading exchange manipulator chooses.

Bitcoin has been going up and down and the price of it is very dangerous for the regular trader, so I only hold a small amount of Bitcoin to dump/hold.

You have your own strategy. But I'm acting differently. I'm trying to save up a few coins to save them for the distant future. I'm sure that bitcoin will cost more after 5 years

stripykitteh

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CryptoTalk.Org - Get Paid for every Post!

I don't have any coins that are worth a life savings amount. The reasoning behind it is because there isn't anywhere safe to put it. The price of the coins whether the coin be an Altcoin or Bitcoin, the price per coin could drop to zero value whenever the trading exchange manipulator chooses.

Bitcoin has been going up and down and the price of it is very dangerous for the regular trader, so I only hold a small amount of Bitcoin to dump/hold.

anavuajna

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I keep bitcoin in order that one day he makes me rich. I invest in this coin. And I have a hope that this is the right strategy in the long term.

jovs

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Quote from: Proficient on March 07, 2017, 11:23:55 AM

It's both. I find Bitcoin interesting as a new idea which I believe will become more popular over time so it's great that a hobby can make money in itself. But of course I think that when Bitcoin is more popular and is adopted in stores I'll spend it more (of course I will spend it in places that accept it, but that's not many). You could also even view that future purpose as being fun - money might not buy happiness, but to some extent it does, especially when it's as convenient as Bitcoin.

Bitcoin could be so great for traveling and that would be fun. Imagine going around the world, not having to convert into any local currencies, only having to take your phone with you and you could pay for anything. So the future purpose could even be fun in itself.

I also do both. I got to know bitcoin on gambling from my friends and i found it interested that time because in gambling i thought i would always win but when it comes the time that i lose that is the time that i realized that it is not worth it to gamble all of my bitcoin. It is too risky . So when i got to know all about forum , i become aware on diffrent things about bitcoin especially about signature campaign , tradings and many more. That is the time that i focuse on my signature campaign and i do not consider gambling as a way of using bitcoin for now. I just work hard and focused to my campaign in that i post to earn for the future.

dearbesz1219

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Quote from: canah17 on March 07, 2017, 11:10:38 AM

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 saved bitcoin for my future, and I believed once it reach 5000$ then 50% of my bitcoin which I saved in my wallet will be sell and the total amount of it will goes to buy a brand new house and build some business that can produced money also.

barnes13

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I have Bitcoin and save it for future purpose but sometime I used it to buy something that's I need but future purpose is my main goal, someone in my country get the advantage from have Bitcoin when Bitcoin is don't have value, but the important things than all is don't spent your Bitcoin just for useless things the value of Bitcoin will increase.

BrewMaster

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There is trouble abrewing

anyone who saves bitcoin for fun or thinks bitcoin is for fun, certainly doesn't know what bitcoin is. it is more than valuable enough to be considered gold and more than easy to use to be considered a currency.
and then considering how it has been growing and has potential to grow even more, you should only store it for the future.

CoinBreader

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Quote from: DoublerHunter on March 11, 2017, 09:24:49 AM

I save bitcoins for futures because i see a bright future with bitcoin i don't mind spending my bitcoins now and i'm just saving even a few amount of bitcoin because i believed that the price can go to its highest point like 5000-10,000$ per bitcoin so i think saving bitcoins for the future is what we need to be safe in hard times.

same here!
Iv shorted my btc once at November of 2013, next short should be when btc hits 10k , so im the future purpose guy, im using some btc amount tho to charge my steam account, but most of the times i prefer to use fiat than my beloved btc!

DoublerHunter

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I save bitcoins for futures because i see a bright future with bitcoin i don't mind spending my bitcoins now and i'm just saving even a few amount of bitcoin because i believed that the price can go to its highest point like 5000-10,000$ per bitcoin so i think saving bitcoins for the future is what we need to be safe in hard times.

YuginKadoya

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Quote from: Soul Reaper on March 11, 2017, 04:17:01 AM

See it is a kind of absurd question.
I mean I use them for both the purposes.
I save the major part of the ones I earn.
I use the rest of the part to have fun ,
But the absurdity of the question lies here,
For some like you fun may be traveling places.
For some hardcore gamers it may be used for purchasing games and extra accessories from steam etc.
For some it may be -purchasing premium accounts at porn sites .
And for some it may be gambling etc.
So you can't really say that just fun . Personal pleasures it better .
Coming to me I usually use some of the part of my earnings to purchase gaming accessories( which is fun for me)

Yup that is true you can definitely go for both and I really thing that if you are saving for your future you are getting the feeling of pleasure I think that is the fun part for me and we can not get that out when we are doing bitcoin, I myself think that this question really is absurb or can not be lump as different because they can coexist.

Soul Reaper

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See it is a kind of absurd question.
I mean I use them for both the purposes.
I save the major part of the ones I earn.
I use the rest of the part to have fun ,
But the absurdity of the question lies here,
For some like you fun may be traveling places.
For some hardcore gamers it may be used for purchasing games and extra accessories from steam etc.
For some it may be -purchasing premium accounts at porn sites .
And for some it may be gambling etc.
So you can't really say that just fun . Personal pleasures it better .
Coming to me I usually use some of the part of my earnings to purchase gaming accessories( which is fun for me)

Sled

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Bitcoin- in bullish time

I'm not that kind of person that takes serious about the future because i'm being serious for now; my earnings in bitcoin. I save bitcoin just for fun because i want to see how the price will go even further. I just save because i just want to observe bitcoin how it rise especially on its price and i don't save just for the future because there is no assurance and i always convert my bitcoin into fiat because my earnings is just enough to pay my expenses and my wants.

Inkdatar

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I have save bitcoin for the future purposes not for fun. I dont want to spend my bitcoin just for fun, wasting my effort,money and time just for nothing. I want good for the future that all my family will benefit of it thats why I have save bitcoin. Because I believe there's a good future ahead of bitcoin.

Nanda Dewi277

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Quote from: canah17 on March 07, 2017, 11:10:38 AM

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 prefer to save my bitcoin because I want to continue school to a pursue higher degrees without asking the cost to parents

Lecam

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I collect and save bitcoin for futute purpose i heard that bitcoin is a good investment. Some of my friend told me that its good to save bitcoin because bitcoin is in the near future the price will be up until 3000$ per bitcoin. I hope thats true but as of my observation bitcoin is good one.

Fireblade

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Quote from: Rinder on March 09, 2017, 05:08:40 PM

This year i started collect bitcoin to save for future purposes, i do believe bitcoin will grow and cross over 2000-3000 dollars on the next 10-15 years, soo my expectation is to collect atleast 5-10 bitcoins and let them into the wallet waiting the best moment to use them.

but i think fully confident that bitcoin will cross 2000 USD level in present year. we can see that still there is a big fluctuation in the price of bitcoin but still it is increasing continuously. some time the price of bitcoin fell down more than 100 dollar but very next day or even on the same day the price reach to its previous position very soon, but over all the progress of bitcoin price is continue and hope that very soon the price of bitcoin will cross 2000 USD level.

South Park

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Quote from: dirokkl on March 09, 2017, 12:36:18 PM

Quote from: South Park on March 09, 2017, 11:26:11 AM

Quote from: ontrackk on March 07, 2017, 07:01:58 PM

Quote from: South Park on March 07, 2017, 06:05:47 PM

Quote from: canah17 on March 07, 2017, 11:10:38 AM

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.

The act of saving is, in its very nature, an act of keeping a portion of your wealth for future use, it does not matter the reason why you are saving it or even if you don't have a reason at all, having savings allows you to get out of trouble or to enjoy some expensive luxury.

well yeah, it might be beneficial if the price is going to keep on growing over time, but it wouldn't be good if you do it too much, because you shouldn't forget that bitcoin is still pretty new.

Saving can be detrimental if you save in something that loses value over time, like fiat, maybe that is the reason people not save money at all, since they can feel that weakness from fiat, but with bitcoin or gold is different since both of them are a store of value.

I do not think that preservation can be harmful. Everyone before the purchase of bitcoin thinks about further actions. Some buy it as a long-term investment, and some for fun. For me, buying a bitcoin is an investment

It can be harmful, one example comes from an episode of the Simpson's, in one episode Homer Simpson buys pumpkins before Halloween and he sees that the value of pumpkins go up, but instead of selling in October he decides to keep them, the pumpkins lose demand and rot so homer is left with no money, while this is a dumb example it shows perfectly that saving in something that loses value over time is a bad idea.

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