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?
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.
With the present market price value of almost all ALT coins are on the ups and down, i would hold until the market price value of my coin goes up a bit and then i can decide if spend them all or not. Market is Volatile, market price value can goes up and goes down at any given time then recovered,stabilized to a better market value. i would follow the simple principle in trading "Buy low and Sell high".
