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Topic: Do you spend your Bitcoin? - page 10. (Read 1165 times)

legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
October 18, 2021, 05:51:05 AM
#11
Do you spend your Bitcoins or just hodl?

Both, although i only spend small amount of my Bitcoin.

If you spend
What for

Usually for gift card.

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

Most stuff that you can buy using fiat, but mainly paying for lunch and grocery.
full member
Activity: 1624
Merit: 163
October 18, 2021, 05:54:57 AM
#11
Do you spend your Bitcoins or just hodl?

Yes

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

For other investment opportunities. I'm one of those risky taker type of person and when I see that Bitcoin is going to be stable for a very long time, I'd spend a portion of it to and invest it in other opportunities (like NFTs or DeFi)
hero member
Activity: 1974
Merit: 534
October 18, 2021, 04:22:56 AM
#10
At the moment I am not spending my bitcoins. The bitcoin price finally bounced back above 50,000 USD, selling now my coins seems wrong. First I want to see a new ATH before considering to use my bitcoins for any purchases. I kind of stopped spending any coins once bitcoins went above 20,000 USD last year. Before that I used bitcoins regularly to buy and sell CSGO skins and to deposit and withdraw money for playing poker. The problem is just that once you buy something for coins you have a fixed price in your head and as soon as bitcoins rise higher, I feel like I lost something. Right now I don't want to do the same mistake again. Better to hold and buy in the future.
hero member
Activity: 2128
Merit: 532
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October 18, 2021, 04:04:22 AM
#9
I'm selling my holdings to realize some profits for my personal needs after holding them at below 60K

Would definitely re-enter once the dip comes Grin
full member
Activity: 2548
Merit: 217
October 18, 2021, 04:03:54 AM
#8
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?
I bought some Items Online in which accepting bitcoin and also Some dealings online here in my place where we can transact using bitcoin as long as available .

Quote
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?
Majority of my Bitcoin is being Kept Hold for how long?  for almost a Year now as i have bought much of them early this year.

exit strategy ? yeah i want to sell all of them once reached 6 figures and i Know this is soon to come.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
October 18, 2021, 04:01:00 AM
#7
Yeah but holding itself doesn't increase price
Imagine every single person in Btc world is holding...
Only few people are holding bitcoin if compared to the rest of the world but the adoption is increasing.

Back to your point, assuming everyone in the world is holding bitcoin, that the price will not increase? No because fiat will depreciate, this will make the price of bitcoin to still increase as it is paired with fiat.
member
Activity: 82
Merit: 38
Trusted Bitcoin escrow - escrowedbitcoin.com
October 18, 2021, 03:46:24 AM
#6
Do what you want to your bitcoin, you are the omwer, you can hold it or sell it or use it for something else. But as for me I prefer to hold my bitcoin, I convert just little to fiat if I need money, I am not planning to sell my bitcoin, bitcoin is still too young for that. Let us expect $100000 price and more price increase will still come, then if not using your bitcoin for anything, why not just hold till life time and let your children inherit it.

Yeah but holding itself doesn't increase price
Imagine every single person in Btc world is holding...

Do you spend your Bitcoins or just hodl?

Since I earn bitcoin too, I spend some and I hold some. Bitcoin is money and it's no use to just gather/hold them all for after I'm turned to dust.

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

Niceee Smiley Guess you do some IT stuff or so

I buy rarely for Bitcoin. It's not really an option in my country. I usually have to convert to fiat first.
So the answer would be... that I'm missing almost everything that money (fiat) can buy?

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?

In Czech Republic you can get almost anything for BTC (Maybe only food not yet Cheesy But coffe, beer, electronics, cars,...)

My strategy is to keep a balance between fiat and crypto.
If my bitcoin stash becomes reasonably big I will probably sell more than I earn, maybe even diversify in other investmnets; but I'll think more on that when I'll get there, if ever  Cheesy

Hopefully Cheesy

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




nice Cheesy Cheesy
hero member
Activity: 3038
Merit: 617
October 18, 2021, 03:45:28 AM
#5

I spend and kept some. Is anyone also spending their BTC for Shib?  Yes. It can't be denied people are buying memecoins for whatever their purpose is and it's not just Shib but there is also Kishu Inu token. Altcoins can be bought by BTC, it shouldn't be missed to buy altcoins for they are cheap for now.

Everyone has an exit strategy as long as they profit from getting out of it, it's still an exit strategy.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
October 18, 2021, 03:31:10 AM
#4
If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
You know, the typical wants and needs because we're humans as well. Tongue Take note that some of us here are like 90%+ allocated into bitcoin, so it's just natural to be spending bitcoin(or selling a small amount of bitcoin for fiat).

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?

legendary
Activity: 3668
Merit: 6382
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October 18, 2021, 03:25:45 AM
#3
Do you spend your Bitcoins or just hodl?

Since I earn bitcoin too, I spend some and I hold some. Bitcoin is money and it's no use to just gather/hold them all for after I'm turned to dust.

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

I buy rarely for Bitcoin. It's not really an option in my country. I usually have to convert to fiat first.
So the answer would be... that I'm missing almost everything that money (fiat) can buy?

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?

My strategy is to keep a balance between fiat and crypto.
If my bitcoin stash becomes reasonably big I will probably sell more than I earn, maybe even diversify in other investmnets; but I'll think more on that when I'll get there, if ever  Cheesy
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
October 18, 2021, 03:21:36 AM
#2
Do what you want to your bitcoin, you are the omwer, you can hold it or sell it or use it for something else. But as for me I prefer to hold my bitcoin, I convert just little to fiat if I need money, I am not planning to sell my bitcoin, bitcoin is still too young for that. Let us expect $100000 price and more price increase will still come, then if not using your bitcoin for anything, why not just hold till life time and let your children inherit it.
member
Activity: 82
Merit: 38
Trusted Bitcoin escrow - escrowedbitcoin.com
October 18, 2021, 03:18:21 AM
#1
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?
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