Do you spend your Bitcoin? | Bitcointalksearch.org

Dhaniii

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Quote from: Amejoaquim on December 02, 2021, 10:43:26 PM

if you spend Bitcoin you don’t miss out on gains, but on potential gains, but you also reduce potential losses (aka risks). Some people cash out, some people trust and hodl. I pay with bitcoin to spread the word!

invest bitcoin to seek more profit, why spend bitcoin for consumptive and useless. it's good to hold bitcoin for a long time or you can just sell it when the market price strengthens and buy again when the market price is correcting like the market price this week. a lot of us can benefit from being able to trade at the right time instead of having to spend bitcoins for consumption of consumer goods.

Amejoaquim

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if you spend Bitcoin you don’t miss out on gains, but on potential gains, but you also reduce potential losses (aka risks). Some people cash out, some people trust and hodl. I pay with bitcoin to spread the word!

Quidat

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Quote from: nullama on December 02, 2021, 06:40:04 PM

Yes.

What I like to do though, is that every time I spend some bitcoin, I also buy bitcoin with fiat, at least the same amount, usually more.

So, by using this technique, I am actually increasing the amount of bitcoin that I have every time that I buy something with bitcoin. Win/Win.

Spending isnt bad as long you do able to accumulate more than back! So its up to someone on how they would really be doing it because spending nor accumulating is on someones preference and of course it is on someones financial capacity. Spending on various useless things
is such a waste thats why you should really be mindful on how you would spend it or simply hold it for the future.

nullama

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Yes.

What I like to do though, is that every time I spend some bitcoin, I also buy bitcoin with fiat, at least the same amount, usually more.

So, by using this technique, I am actually increasing the amount of bitcoin that I have every time that I buy something with bitcoin. Win/Win.

skscengeng

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I have made a nice amount of investment into Bitcoin. And I spent some amount only when I needed to buy some things that I'd like or I'd need. Otherwise, I would never even think of spending a very small amount. Because I'm HODLing it for a long time and I have a price target to sell some amount when it is reached. I believe that setting price targets is the best by the way. It prevents you from being greedy for more.

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Quote from: kevinovecka on October 18, 2021, 03:18:21 AM

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?

Well yes, I've been holding bitcoin in the past and used it to buy certain assets that will let my family live comfortable than we used to be almost a decade ago when I didn't know about bitcoin yet. And nope, I didn't regret anything about what I spent because it really helped me and family.
For now, I'm trying to maximize my portfolio again by holding bitcoin and altcoins, I do side tradings like weekly to gain something and put it back in BTC and ETH. I'm trying to hold as much as possible until the time that I needed to sell it again.

Alisha FR

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Of course, if bitcoin has provided maximum profit, I don't think it needs to be held back anymore. If you always hold on, when can we enjoy the results of trading bitcoin? When we hold on to bitcoin, it means that we already have a desire to get bigger profits. But talking about the current price of bitcoin and compared to 2019, I think it's time to enjoy the results.

KaliLinux

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Quote from: kevinovecka on October 18, 2021, 03:18:21 AM

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?

It depends on what you are referring to as Spending Bitcoin. Do you mean, spend direct Bitcoin on the purchase or spend out of your Bitcoin by converting to fiat?. Whichever way I believe that both are still spending Bitcoin and many investors including myself most have done one of this. I don't directly spend BTC but do take some profits whenever I am really in need of funds and mostly HODLing the rest.

ReiMomo

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Hei, here where I live, does not have any option to buy things with Bitcoin or anyother crypto currencies. So what I usually do is, convert the Bitcoin into my local currency and purchase whatever is required. As Bitcoin is really reaching every corner much faster now a days, hope govts allover soon accept Bitcoin and legalize its usage so that every user and shop keepers transact Bitcoin for all means.

tiCeR

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Quote from: kevinovecka on October 18, 2021, 03:18:21 AM

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?

Yes, this question is certainly on the mind of almost everyone who holds BTC.
On the one hand, it is very good for the market and acceptance if the BTC also arrive in payment transactions. But I can also understand that at the current time people are a bit more cautious. Nobody wants to have paid 300 dollars for their coffee in a year. That is a kind of question of faith that everyone must answer for themselves.

amihada

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bitcoin is a very valuable asset for the future, if we sell assets today then we will regret it in the future I am very sure in the future bitcoin has a high selling price.

Mr.sprin

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I spent bitcoins to build a house and buy a car for my family, actually I don't want to spend bitcoins because I want to make bitcoins an asset for the future but because of family needs, I have to spend bitcoins.

leverageguy

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No, I don’t. I am someone who believes in the fact that bitcoin is an asset and shouldn’t be spent every now and then.

karanggatak

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spend bitcoin just for needed.
but, most of my coin activity just store in wallet, hold for a long time, than sell when the price is good enough.

Quote from: whynotBTC on November 27, 2021, 11:27:39 AM

Bitcoin is not money. It's a value. The biggest mistake in the universe is spending Bitcoin for fiat money.

its no mistake if it useful for daily life. in the end, people will use investment salary for their desire. you have decision to upgrade the fund, or take it as your salary.

whynotBTC

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Bitcoin is not money. It's a value. The biggest mistake in the universe is spending Bitcoin for fiat money.

shushu9977

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I spend my bitcoin for buy a new honda and It was good for me. But I also spend my bitcoin for my few projects. Now a days, It is very hard to buy bitcoin for increasing the value of it. I hold but I don't have any money that time and I have a few amount of btc in my wallet but it is spoiled for accountant problem.

btc78

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Bitcoin is tend for payments so yes I am spending mine if given a chance , like in some situation that i need to pay someone i know and instead of Fiat i am asking them to receive Bitcoin instead and with that they are starting to ask what is this and i am also gaining chance to lure them learning bitcoin.
so i have two birds in one shot right?
though this not happens mostly because they are denying the chance of having bitcoin.

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Quote from: ancafe on November 11, 2021, 05:31:17 AM

I currently don't have bitcoins anymore. I only hold altcoins. however, i sold the bitcoins i had in the past for things like other investments, or FUD. Well, if you ask me if I regret it or not, I'm really sorry.
however, that is already past. other than that I exchanged it for other investments, namely property assets. although it's not finished yet, at least I didn't lose 100%. but still it makes me rethink what i did in the past.

I had the chance to choose to stay in bitcoin, or go to altcoins. I made a choice in favor of altcoins and later regretted it. This was in the past, now I am trying to accumulate bitcoin, but I still have altcoins in my portfolio. My experience shows that holding Bitcoin is the most profitable strategy, I hope in the future I will have a completely, transition to Bitcoin.

Nutrient

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Different strokes for different folks. It highly depends on one’s personal growth and nobody can dictate to you how to go about your wealth. Have a game plan. The game plan will determine whether to Hodl or sell and every other in between.

yohananaomi

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Quote from: Farma on November 26, 2021, 12:53:33 AM

it seems, the current conditions, people who have bitcoins are very difficult to sell the bitcoins they have, except in a state of urgency.
rumors that prices could go as high as $70k to $100k have really been seen. this is different from a few years ago when bitcoin prices were still quite cheap. currently the price of bitcoin is very expensive, and tends to rise continuously. however, if it wasn't in a state of urgency, or business, I think people would continue to hold the bitcoins they own.
personally I currently don't have bitcoins. however, even when I own an altcoin, I don't want to sell it right now.

obviously in a pretty good bitcoin situation, of course, if there is no urgent need, it seems like it would be a loss to sell it. Moreover, the current situation of bitcoin is indeed not very stable, because every time it reaches renewable ATH, bitcoin will make a very deep correction and to surpass the old ATH it seems now rather difficult to do.

the momentum that bitcoin has to do is really hit $70K first because this value hasn't been exceeded for a while, after that it just started to reach higher values and as you said and many have predicted that $100K will be reached by the end of this year, but there should be a move towards $70K first. we wait patiently for it because bitcoin will be able to do even though the time is very near.

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