Topic: Do you spend your Bitcoin? - page 6. (Read 1165 times)
I spend and also hold some until the price in the market is what I want, and I continue to do that with the profit I get. I know what my purpose of investing in bitcoin is so I don't have any thoughts of spending all of it to meet my needs, because the capital to invest is always rotating. so it must be smart to manage the assets that owned so that our investment is also smooth and can make a profit from it. that way, our needs can also be met properly.
Personally I do a bit of both. I spend and save bitcoin. Personally to me, I think that it's important for people to use bitcoin as a currency, even though many see bitcoin as just an asset and not a currency. In my personal opinion I feel like bitcoin is only going to succeed on a mass scale is if it's also being used as a currency.
The real reason for the creation of Bitcoin is to use them as a decentralized currency and sometimes users tend to ignore that basic fact and view the market as a speculative asset. I do use Bitcoin to purchase goods and services and majority of the time i use them to gamble even though i use other alts as well, so yes i do spend the coins and i do accept your opinion that Bitcoin can scale only when it is considered as a currency first and an asset second. 
Personally I do a bit of both. I spend and save bitcoin. Personally to me, I think that it's important for people to use bitcoin as a currency, even though many see bitcoin as just an asset and not a currency. In my personal opinion I feel like bitcoin is only going to succeed on a mass scale is if it's also being used as a currency.
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?
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?
Like what I told in previous threads like these, I used to spend my BTCs back in 2017 (1 BTC = ~$4,000) in order to purchase books and educational materials during college. As someone who grew up with a single dad raising a family of 5, I was the least priority in terms of receiving financial support as it was focused more to my younger siblings.
Participating into campaign signatures provided me the opportunity to purchase books which significantly helped me throughout college life. After graduating college, that was the only time I started to HODL. I plan on HODLing until by the end of 2022 where I can finally cash-out some of the BTCs in order to purchase a 2nd-hand car.
~
It is up to them actually. No one forces to buy nor invest in Bitcoin. Let us cross out the price, because people look too much into the value, while not looking to its utility where it allows people to have the usual transaction without worrying any authorities. People think that Bitcoin is a money-maker while it is not.
I am not ready to spend my Bitcoin currently because I have promised myself not to temper with my Bitcoin wallet. I will like to sell some of my bitcoin when it get to $100k. And I also want to be among of does who want to make history with Bitcoin by when reaching $100k. So I will hold Bitcoin till it get to the stage. No matter how dump it comes i will never give up. I will hold to my promise and still wait till Bitcoin get to the stage of my satisfaction.
Do you spend your Bitcoins or just hold?
~snip~
^ This question was depend on the people who did not badly need money. Because even how I am careful storing my BTC and don't let it cash out or spend it, but once you have needed, you will always choose to cash out. But if I have BTC then I don't have a problem with the money, I always choose to invest and HODL for a long time. I believe that holding it for a long time will always get a profit and it could profitable when there is again an ATH will happen.~snip~
So, you are asking when do I spend my BTC, when I got a profit on it I usually cash out.
Cool! Hoping i could build a business too . Mostly i really spend my bitcoin since i do have a family to feed which always i really need money. I am planning in saving my bitcoin and then invest into something that I still dont know. My goal now was to save and save and then if i do have enough money then i think thats the time i need to find a prospect business to invest to
It's the same with me. Usually, I spend certain amounts of Bitcoin when the price is good and I try to accumulate when the price is low.
So far, It's a trade-off that I am comfortable with. I have made a lot of money and I've lost a lot of money. But, it all evens out.
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 have used my Bitcoin to make a purchase once, but that was a long time ago and what I purchased with it was just Airtime. Since then I’ve never had interest in spending my Bitcoin on anything, I rather just spend my Fiat, while I continue to hold my Bitcoin in my wallet. I do see a lot of people who wish that they can spend their Bitcoin on a daily, but that’s not for me; I won’t like to be spending my Bitcoin on a daily basis,that would be making expenses that I could have just made with my fiat on Bitcoin, and it is not going to be a good idea for me. I prefer Bitcoin as an investment and nothing more than that. 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?
honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
- urgent need
- business development
Cool! Hoping i could build a business too . Mostly i really spend my bitcoin since i do have a family to feed which always i really need money. I am planning in saving my bitcoin and then invest into something that I still dont know. My goal now was to save and save and then if i do have enough money then i think thats the time i need to find a prospect business to invest to
honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
- urgent need
- business development
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?
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 try my best not to spend bitcoins. My mission is to gather as many bitcoin as possible. Bitcoin has limited supply and its demand is constantly increasing with the passage of time which means that its price will always increase over the long term. For this reason, you would never want to spend it when you know that if you keep on holding, it will increase in worth.
my country is still under development stage , now internet and mobiles are available everywhere but along with that people should also have knowledge to use crypto , since its not accepted by any merchants & businesses people like to hold , yet if it was accepted I don't see why would people buy something off bitcoins , yeah it is a currency but the fluctuating value made it one of the best asset , and you don't just go buy something off your assets .
Nowadays internet and cell phones are basic needs in almost all countries, so it is certain that almost everyone uses cellphones and internet everywhere.
That's why the popularity of crypto is so increasing, because so many internet users already have the knowledge to use crypto. But since not
many merchants accept crypto payments most people don't spend Bitcoin to buy things, they make more use of Bitcoin as an asset. Especially with
the very volatile Bitcoin price, investing in Bitcoin can generate huge profits. I also prefer to make Bitcoin as an asset than spend it to buy something.
Not to mention that there are still many countries that prohibit crypto from being used as a means of payment, so there are more people who use
Bitcoin as an asset, because they don't want to break the law.
my country is still under development stage , now internet and mobiles are available everywhere but along with that people should also have knowledge to use crypto , since its not accepted by any merchants & businesses people like to hold , yet if it was accepted I don't see why would people buy something off bitcoins , yeah it is a currency but the fluctuating value made it one of the best asset , and you don't just go buy something off your assets .
Do you spend your Bitcoins or just hodl?
since the day i met bitcoin i have always spent bitcoin because bitcoin is money and should be used to buy things in the real world, if everyone uses bitcoin to do hodl then there will come a time when people will use altcoin to shop and bitcoin could lose popularity
If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
What for and do you miss something that cannot be bought for Bitcoin yet?
well in my country i can only buy with bitcoin refills for mobile, i can't buy anything else
Do you spend your Bitcoins or just hodl?
I don't find any argument or wrong if we spend our Bitcoin or not. And I have to say that I was spending my Bitcoin not because I used to pay bills, but it was for another form of investment. I often sell them during bullish and reinvest when corrections have come. I'd never had the experience to hold them like waiting for the ATH because I'd take every opportunity to generate a profit even it was just 5-10%. Sometimes I was in regret because of the sudden pump that I'd miss for I was selling it earlier but I'd realized that was life in crypto, we can't really make a perfect timing when to sell and when to buy.
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?
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 spend my Bitcoin and I hodl too but I do hodl mostly because it benefits me alot. The last time I spent my Bitcoin I used it to purchase a mobile phone.
I am out of luck when it comes to short term trading. I found myself lucky only when it comes to hodling. I can't spend my btc because of strict crypto regulations in my country. For the past eight months (since btc crossed 20k) I m mostly on hodling side. I converted all my btc to stablecoin in April this year since then majority of my holdings are in stablecoin. Whenever I converted few of these stablecoins to btc, I found myself out of luck.
If you keep repeating less luck. You have to learn how to read the market so you will know when to sell and when to buy again. Short-term trading gives real and fast results, but it requires the ability to read the direction of the market. if you get a profit you have to get out and it is done over and over again.Holding is the easiest, but you must have a strong target, don't sell before the target is reached.
When I need money for my basic expenses, I withdraw a lump of Bitcoin that would satisfy my requirement. If not required, I just hold the whole BTC in the same wallet and that is not time framed. But, I have really felt why I have used my BTC for my basic expenses. I should have held it as BTC is heading to $100k. Better to buy more BTC even now as its going to be on it peak very soon.
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?
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 could say that I fall in both the category. I hold my bitcoins until and unless I 'need' to spend it and there's no other way around.
Most of the times this happens only when I am out of my fiat balance and I need to buy something.
Whenever I spend my BTC it is either for buying altcoins with a good opportunity or to exchange it to fiat for personal use.
My only exit strategy is to keep holding bitcoin until I can whether it be for 5 years or 15 years or whatever.
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