I am locking the thread because I think 10 pages in less than a week is more than enough, and I don’t want the thread to become a mega spam one.
I see most replies say they don’t spend any or they spend the same as before, but in this case because they need the money. So, I guess for spending it is more important the personal situation rather than the current market, which is also important to some extent.
Also, when I opened the post I was thinking more of spending your coins directly, not turning them into fiat in order to spend them, but that’s what most people seem to be doing, which shows we are still behind in adoption and development.
Thanks for your replies.
Topic: Do you spend less bitcoin/alts now? (Read 639 times)
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I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
Market is still unpredicatable for me and coins are still in a very low price. If I will use/ spend my alts or my bitcoins now, I will probably lose my profit so like you I will just hold it until the market recover. But the sad thing is that market ia bearish and I think market will not fully recover in this year.
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
I will just sell my coins in case of emergencies or if i need money for my actual spending but if i don"t then better not to sell it specially today that all of my coins are much cheaper to sell that it will cost me a huge quantity just to meet a desired fiat amount for spending. So better than to sell my coins i rather to borrow fiat cash to my friends and relatives then i will pay them it if the market will become stable again. In this way i could avoid spending my precious coins at cheapest price.
I am accumulating the bitcoin as well as the altcoin I have invested before, I have not used them, my intention is to wait through the season when prices go up I will sell them to make money.
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
I actually don't spend my bitcoins/alts anymore, since I bought it when price is still high. Im still hopeful that price would still recover. Though I feel some kind of worrying I am still not panicking since I decided since the beginning that I'll invest it for longer period of time. I pretty sure that in few months from now the pricw will go better, I will still choose not to spend my coins.
Now it was necessary to cut costs both that and another as the prices are not so good for me and to have to spend only on necessity
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
With the price of bitcoin in the past is constantly changing and is constantly adjusting, I always spend small capital to invest and avoid all in. You can see that the market is fluctuating continuously and it is difficult to predict, bitcoin price after falling to $ 6400 then the current time has recovered to $ 6700 level and I think the bitcoin price will be able to continue. increase and this is the opportunity for us to trade altcoin. Do you feel the same way? What are your thoughts?
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
I agree that it feels like a loss when you spend coins at such low prices, but it's really not. There's no guarantee that the price will go up again, since only speculation can do that. What does that mean? Unpredictability... Meaning the coins you got could fall in price even more and you would then wish you had spent them right now.
It's for that reason, that I think it's better to spend your coins whenever you feel like you need some stuff. Unless you're really sure it'll go up again soon or if you really don't need the stuff you want to buy.
I'm not saying you should do this, but I do this and it works perfectly for me. I'm sometimes hesitant on which coins I should use to buy stuff, but usually it doesn't really matter all that much.
Just do what you believe in.
Yes,spend less of my Bitcoin, the price value of Bitcoin is unstable right now, will wait for improvement on the price value of Bitcoin, this just a market glitz, it will recover soon or the market will correct itself to a more favorable market value, Market is Volatile , anything can happened at any given time, it always base on the volume of investment put in by the investors into the market which may affect the drop or even market increase in the price value of Bitcoin. Hold on to your Bitcoin , relax, don't panic, the market will rebound after the market glitz.
I don't spend as much as I used to because it's quite difficult to predict when the bull run will begin. It will be quite disheartening to spend right at the verge of the bull run. I trade significantly lesser than I used to.
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
It will rise again and aside the down periods experienced, they will be a breaking for the year. I did observed the upward trend that took place within a short while I traded.
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Yeah I feel the same, the only bitcoin I have ever spent is because I had no other choice but to use my bitcoin, but if I can avoid to do it will, I know that many will prefer that we used bitcoin as a currency but all currencies of the world are also used as a form of investment so in my opinion all of us which are holding our coins thinking we can earn money that way are using bitcoin correctly as well. Do you feel the same way? What are your thoughts?
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Of course spending less if I don't need money. It is going to go back up soon and probably fly past the current ath, just need to be patient. Do you feel the same way? What are your thoughts?
I do spent alot of time on alts. Some alts do fluctuate well and you could gain from it by day trading. This is the factor I want to stay in altcoin since it could give us alot of profit day by day.
I don't like to spend it now because I will be in loss. It is better to refrain yourself from spending it this period...
I apply for a god job and I am waiting for response. If I get it, then I would be able to keep all the coins that I earn. If not, I will have to spend all of hose as I was doing so far.
Existential condition dictate what someone can do with his coins. I have a friend who spend all his coins and he doesn`t regret about that. My other friend has great job. He is also mining ETC, buying alts and saving them for the future. He can afford that, I can not, and that makes the difference.
Existential condition dictate what someone can do with his coins. I have a friend who spend all his coins and he doesn`t regret about that. My other friend has great job. He is also mining ETC, buying alts and saving them for the future. He can afford that, I can not, and that makes the difference.
I completely feel the same way. I need money, I have bills to pay, but I don't want to take it out now because of the loss.
Generally I spend less bitcoin this year. The first of all its price raised since I joined and if two years ago I simply cashed out 0,1-0,5 Btc to get couple of hundreds of dollars, now I need much smaller number of mBTC to get the same money for my desperate costs. The other thing is the same like the OP's, it's too pity to me to cash out now when I know that one moment the price for bitcoin was like super high and I would like to see it again to cash out.
Due to current prices and market conditions, I'm spending less to none at all with
my Bitcoins and alts. I'm currently holding and purchasing more bitcoins and
altcoins as soon as prices gets lower and lower. Like everyone else, it's a waiting
game for me.
my Bitcoins and alts. I'm currently holding and purchasing more bitcoins and
altcoins as soon as prices gets lower and lower. Like everyone else, it's a waiting
game for me.
I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Do you feel the same way? What are your thoughts?
I don't want to have any losses this early so no matter how tempted I am, I am still trying not to spend my earnings. I believe that the market would recover soon so I might just have bigger losses if I sell in this dip. I am very much willing to wait and gain better than to sell and gain nothing.
I'm thinking same as OP, a few weeks ago when Bitcoin was 9500$ or so, I was exchanging my bitcoins to LTC or DOGEs to move them to another exchanger to exchange then on fiat. But now I'm trying to not touch my Bitcoins or ALTs and spend only money what I'm earning from the main Job.
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