Do you spend your Bitcoin? - page 4.

TheBitcoinGambler

newbie

Activity: 3

Merit: 0

I try not to tbh Cheesy

. Just considering how much I'll regret having spent the bitcoin instead of just fiat, if the prices go up. I like to gamble for instance, and there are some options like https://time2play.com/casinos/bonuses/no-deposit/ to do that with bitcoin, but I just know it won't be worth it. In general I try to always apply the mantra: What would Mr Money Moustache say if I spent this? Cheesy

https://www.mrmoneymustache.com/ That easily keeps me in general away from throwing crypto or fiat for that matter away on silly things

I find also with time the pleasure I get from owning more and more bitcoin easily outweights the "disadvantage" of not spending it. I look at the increasing number and I get a super happy feeling. And the feeling is lasting. Whenever I've spent some, the feeling is just fleeting. It's a bit like eating candy. Very nice in the moment - after a bit not so nice and the regrets come.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Mahiyammahi on November 01, 2021, 11:37:59 AM

I'm not selling my bitcoin . If there's any need of my money I focus on altcoin. Bitcoin is like golden goose If you just loose it you can't afford it anymore. I will hold it untill 100k . For me bitcoin is a lifetime investment 😇.

Cause there's no need to selling my investment.

We do have our own personal goals in life and just like you, majority of people now are eyeing on accumulating bitcoin as much as they can since we do know its potential when it comes to future prices
which could really be possibly able to make profits on just simply holding but of course it wont really be simple as it sounds yet this would really matter with your emotional aspect and of course your
dedication towards your goals because there would be lots of factors will really be affecting your decision along the way.We do have our on ways and methods and spending
isnt really that bad specially if its really needed but if not then better to hold it off.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Rigon on October 25, 2021, 02:28:03 PM

I don't spend the bitcoin I hold on to anything. My target is to sell dollars again and keep USDT when Bitcoin reaches one million dollars

This is a long way to go. You won't sell even if you see bitcoin reaches $100k-$500k? Those prices are already good to sell and you can still keep a lot from your holdings by just not selling all of it.

Quote from: Rigon on October 25, 2021, 02:28:03 PM

Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.

But how long your 'unique' coins will last if you keep selling them and all you've got left is bitcoin? Are you also going to sell by that time even it didn't reach $1M at the moment?

dezoel

legendary

Activity: 2044

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

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?

I am a long term holder and I am having my personal target levels to start using most of my holding. It means I like to inherit most of my bitcoins to my kids so that they may enjoy the full benefits of my passion on bitcoin. I trust in bitcoin which is the reason I am able to save most of the bitcoins I am earning. If I open my target price levels of bitcoins, it may sound like unrealistic but I believe that kind of price levels will be easily possible for bitcoin in next 20 to 30 years.

I am sure many people here are having similar plans or might adopt such a strategy over the time but when I get into bitcoin and after realizing its true potential I decide to plan up for my entire life along with bitcoin holding. Bitcoin is not just part of my life unlike most people buy-hold-profit.

lepbagong

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Activity: 2268

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Quote from: habebe on October 25, 2021, 12:38:43 PM

before 2018 i have an bitcoin holding it for long time but they stat in pandemic i already used it some and now i starting all over again for my own save as like savings right u can see the bitcoin help us...

Due to the pandemic, many have had to give up their bitcoin deposits to be released because of an unavoidable need. you are one of the lucky ones, what you have is not sold all of it is only part of your savings. maybe those who still have capital will not make sales at all.

but lucky if you gradually continue to make efforts to save again, because holding bitcoin at any time can be sure to enjoy good luck. because bitcoin will always increase higher than its past.

Quote from: impulse709 on October 26, 2021, 05:27:41 PM

You are very similar to my situation , i have been holding BTC for quite some time but recently the pandemic appeared so i used part of my BTC to be able to cover my family expenses and i am intending to hold holding BTC for a long time, that's why I saved and bought back BTC, like last time I said the value of BTC will definitely reach 100k$. Now BTC has established a new ATH and I believe BTC would be worth more than that.

someone's luck is very different from one another, you are certainly a very lucky person. why can i say that ? In the pandemic situation, many are experiencing difficulties because they are no longer working and everything they have must be given up for their daily needs, including those who actually hold bitcoin and other coins.

by repurchasing then the expectations you want may come true again, although we see that at the end of October the achievement of bitcoin is not optimal according to the prediction of an increase in 2017. but hopefully in November it will increase even more. we wait faithfully bitcoin can reach its highest price.

Mahiyammahi

member

Activity: 119

Merit: 46

I'm not selling my bitcoin . If there's any need of my money I focus on altcoin. Bitcoin is like golden goose If you just loose it you can't afford it anymore. I will hold it untill 100k . For me bitcoin is a lifetime investment 😇.

Cause there's no need to selling my investment.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

It depends on eachone's need. I do have bitcoin. I exchange a bit of bitcoin when i need money for my basic expenses but do not touch it when I dont need , I dont bother Bitcoin. It just remains in my wallet. Likewise, many here might have invested more on it and would be holding it for long time to gain more profits. So, it depends. Currency is for use. So yes one or the other day, its going to be used.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: rosemariefrancis on October 31, 2021, 11:16:27 PM

I would prefer to hold Bitcoin after evaluating the current scenario. It’s getting famous, its acceptance is increasing, and it will be the mode of payment for many things that we buy through fiat currency. So why would I sell it? All these activities will eventually increase Bitcoin's value.

There's nothing wrong spending bitcoin especially if it is really needed. You can't just hold your bitcoin for so long even if the prices are already pumping. You can hold it especially if you have the plan on when to sell it. It is very important that you have the plan in everything you do for you to not regret it. You can sell it especially if you already achieve your target goal of your bitcoin.

rosemariefrancis

newbie

Activity: 36

Merit: 0

I would prefer to hold Bitcoin after evaluating the current scenario. It’s getting famous, its acceptance is increasing, and it will be the mode of payment for many things that we buy through fiat currency. So why would I sell it? All these activities will eventually increase Bitcoin's value.

impulse709

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Activity: 598

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Quote from: habebe on October 25, 2021, 12:38:43 PM

before 2018 i have an bitcoin holding it for long time but they stat in pandemic i already used it some and now i starting all over again for my own save as like savings right u can see the bitcoin help us...

You are very similar to my situation , i have been holding BTC for quite some time but recently the pandemic appeared so i used part of my BTC to be able to cover my family expenses and i am intending to hold holding BTC for a long time, that's why I saved and bought back BTC, like last time I said the value of BTC will definitely reach 100k$. Now BTC has established a new ATH and I believe BTC would be worth more than that.

Abiky

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Activity: 3220

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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 all depends on what necessities you have in daily life. If you need the money right away, then I'd suggest you to spend your Bitcoin. But if you want to make large profits, then "hodling" would be the way to go. To answer your question, I only spend a small portion of my Bitcoin for goods while "hodling" the rest at a cold storage wallet for safekeeping. It's always good to spend BTC every once in a while, to help contribute to the crypto economy. If everyone "hodl" their Bitcoin without spending it, how would the economy flow? What you do with your Bitcoin is entirely up to you. As long as Bitcoin is being put to good use, nothing else matters.

Stedsm

legendary

Activity: 3052

Merit: 1273

Yes, I do.
I spend part of my coins to buy some cheap brand gift vouchers which bring me lots of free groceries as well as clothing and footwear. I cannot directly buy anything in India as of yet as any stores don't accept it and instead of buying with BTC from any online store, I'd just sell my BTC and buy with fiat and let the hassle evaporate out of my mind unless I'm so damn worried about my privacy.

worldofcoins

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Quote from: Rigon on October 25, 2021, 02:28:03 PM

I don't spend the bitcoin I hold on to anything. My target is to sell dollars again and keep USDT when Bitcoin reaches one million dollars. Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.

Who knows if in Bitcoin reach 1 million Dollars each in the next 20 years, There's always a possibility that it can happen.
Right now financial institutes are filtering out people from Cryptos so you can see mind games where Bitcoin might reach over 100,000 Dollars (could be more)
And Institutes use their Analytics bots on the majority of Traders,

I'm positive the Institutes have tools to check on how the majority of traders are trading.... like what trade pattern, trading settings, based on which indicator, etc.

And after a lot of people have been filtered out and institutes own most of the Crypto then they can do whatever they want.

Plus you know the School system is a scam and they can put whatever thoughtform regarding crypto, that's another story anyways.

Rigon

sr. member

Activity: 994

Merit: 441

I don't spend the bitcoin I hold on to anything. My target is to sell dollars again and keep USDT when Bitcoin reaches one million dollars.Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

It depends on my commitments. If no money is needed for my expense, I wont touch BTC but If I have a lack of money and indeed i require it, I withdraw what ever amount I require. But, I focus more on saving as much as BTC I can. At times I even buy BTC with my extra money whenever I have extra in my hand besides the usual expenses. The right coin where one can invest with more trust.

sulendra12

hero member

Activity: 2814

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

Do you spend your Bitcoins or just hodl?

I do both

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

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

If that means only pay something with "Bitcoin" then I think so far I have used it for bills and buy the games on Steam through steam wallet and other stuff with Bitcoin.
Other than that, I convert some of my Bitcoin to fiat and use it on my daily life. Although I do appreciate if merchants are starting to accept Bitcoin anytime soon.

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

If you hodl
For how long and why don't you spend?

I'm hodling "some" of my savings and spend the rest of it.
I won't regret my choice because it's solely my decision and I do need this money for my daily needs.

habebe

newbie

Activity: 98

Merit: 0

before 2018 i have an bitcoin holding it for long time but they stat in pandemic i already used it some and now i starting all over again for my own save as like savings right u can see the bitcoin help us...

Tumanggor

full member

Activity: 1050

Merit: 109

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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?

I currently hold the bitcoin that I have because I make it a long term investment

I have a target, when the value I want has been reached then I will sell the bitcoins I have and then buy a house because at this time I am still renting a house

dustboy

hero member

Activity: 1022

Merit: 517

I do both spend and hold, I spend it for some activities such as gambling and trading. To be frank, I'm not holding much at the moment because I'll always sell it when there is chance for me to make profit. For example, my initial investment is $1000 and bitcoin price raises a lot that makes my bitcoin worth $1500 so I'll take the profit $500 and keep my initial $1000 to hold.

Zanab247

full member

Activity: 1358

Merit: 207

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Am still holding my bitcoin for the price to reach $70k before the end of October, before I can release them for sale to enable me to achieve something good from the investment. Over some weeks now, bitcoin price is trying to hit $67k which is giving some bitcoin investors full confidence that the price will definitely reach $70 or $75k before the end of this year 2021 for those holder to make a good profits from their investment. According to my personal research, this is the season for bitcoin holders to earn well from their bitcoin investment without any regrets from the long term investment.
I nearly sold out my bitcoin, if not that I quickly carry out my personal research to know is better to hold bitcoin in this season we are than to spend them out for other things that will make me regret about such decision.

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