Do you spend your Bitcoin? - page 7.

Cryptmuster

legendary

Activity: 1904

Merit: 1176

Glory To Ukraine! Glory to the heroes!

Quote from: bakasabo on October 21, 2021, 01:52:24 AM

Since yesterday Bitcoin has updated ATH, I predict that some people will start spending BTC to celebrate this achievement. I expect new posts to appear with the context of how they have spend some of their holdings.

Me personally will transfer about $100-200 worth of Bitcoin and convert to EUR. Hope that whole process will be quick, as I expect to buy a cake and order something special for Fridays dinner. And keep holding rest of my crypto.

I don't spend my bitcoins, I just keep holding. I don’t know how clever it is, I still admit that after reaching the new ATH, a correction may take place and the price will significantly drop down. Although even so, I will still hold bitcoin further and wait for its further growth. Although if I knew for sure that the price of bitcoin would fall, then I could sell now and buy it at a lower price. Wink

blatchcorn

sr. member

Activity: 952

Merit: 281

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.

kramat

full member

Activity: 924

Merit: 100

I will be hold the bitcoin and wait for the price increase then sell the bitcoin. Bitcoin is any time to up and down. It any time to change the price. So it not easy to guess the price. I will follow the bitcoin day by day. Then easy to analyse the price. It best coin the all coin. So hold and wait for the price increase then place to buy or sell the coins.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Wong Gendheng on October 22, 2021, 08:25:13 AM

Some time ago when the bitcoin price reached $57k I spent around 0.0092 btc to buy a new smartphone, I was happy because I was able to buy a new smartphone from the bitcoins that I had saved for a year and with the remaining bitcoins I hoped to be able to buy what I hoped for new car.

Investing in Bitcoin can indeed provide a large profit, if we can be patient holding Bitcoin until it reaches the target we want. We can buy whatever
we want with the profit we get from Bitcoin, I can feel the satisfaction you feel when you successfully buy a smartphone from the investment in Bitcoin.
Because I also managed to buy some things, from the profit I got from selling my Bitcoins, so I can feel the satisfaction that you feel too. And also
you made the right decision by not spending all the Bitcoins you have, because the price of Bitcoin will definitely continue to rise, so you can still
make more profit if the price continues to rise, and hopefully your next target to buy a new car can be achieved.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: Alucard1 on October 21, 2021, 01:14:28 AM

On my part, I prefer holding bitcoin and planning to hold it until the year 2024 or the next halving but still, there are some instances that I will be needing money which makes me convert my bitcoin into fiat, well there is no problem with that because you are the owner of that coin and you can do whatever you want, if you still have some extra money then better just to keep your bitcoin, holding is really good and profitable.

Quote from: NicNacCoin on October 20, 2021, 06:47:58 PM

I currently hold my bitcoin. I use unique means to spend but I do not use this bitcoin to spend. Because there will come a time when people will be able to buy this bitcoin And many have said that by 2021 the price of bitcoin will exceed one million dollars so I am not spending more on this bitcoin.

I am also positively looking for bitcoin to reach that price and that would be really make us earn huge money, maybe by that time mass adaption already happened.

If we can make holding a habit, that was so easy for sure but the truth is that we can be all persistent to hold, it sometimes we got tempted especially when the price reaches its new ATH. Well, I am going to admit that I'd never long for a long time, maybe months but not years because just like you, in many circumstances that we can spend our Bitcoin even we don't like it. It is probably we don't have any option and I think holding never make sense if in ourselves we suffer a lot.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

Some time ago when the bitcoin price reached $57k I spent around 0.0092 btc to buy a new smartphone, I was happy because I was able to buy a new smartphone from the bitcoins that I had saved for a year and with the remaining bitcoins I hoped to be able to buy what I hoped for new car.

AicecreaME

sr. member

Activity: 2436

Merit: 455

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 really depends on the situation. Personally, I hold and I spend. During the lowest position of bitcoin, I buy so that I can hold it and make profit over time. I'm here for the long term so, I seldom touch my assets. However, there are certain times that I have to, because I also have to buy the things I needed to survive. I cash out when I feel the need to do so. Most of my spendings are because of the necessities, but I also have spendings on luxurious things. After all, I also want to enjoy the fruit of my strategies and patience.

It's just a matter of discipline. If you want to spend, learn to set your limitations and boundaries so that you won't go overboard the intended budget for expenses. If you plan to hold, you must practice self-restraint every time you see Bitcoin's price soaring high. You can always enjoy today without sabotaging your future.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: bakasabo on October 21, 2021, 01:52:24 AM

Since yesterday Bitcoin has updated ATH, I predict that some people will start spending BTC to celebrate this achievement. I expect new posts to appear with the context of how they have spend some of their holdings.

Me personally will transfer about $100-200 worth of Bitcoin and convert to EUR. Hope that whole process will be quick, as I expect to buy a cake and order something special for Fridays dinner. And keep holding rest of my crypto.

bitcoin can reach its new ath, and this is a great celebration, because it is possible that the bullish trend will continue. on the other hand this is also a positive side for altcoins which are possible after this will follow the movement of bitcoin, therefore lucky for those who already have profit from this condition

bakasabo

legendary

Activity: 2492

Merit: 1215

Since yesterday Bitcoin has updated ATH, I predict that some people will start spending BTC to celebrate this achievement. I expect new posts to appear with the context of how they have spend some of their holdings.

Me personally will transfer about $100-200 worth of Bitcoin and convert to EUR. Hope that whole process will be quick, as I expect to buy a cake and order something special for Fridays dinner. And keep holding rest of my crypto.

Alucard1

full member

Activity: 574

Merit: 125

On my part, I prefer holding bitcoin and planning to hold it until the year 2024 or the next halving but still, there are some instances that I will be needing money which makes me convert my bitcoin into fiat, well there is no problem with that because you are the owner of that coin and you can do whatever you want, if you still have some extra money then better just to keep your bitcoin, holding is really good and profitable.

Quote from: NicNacCoin on October 20, 2021, 06:47:58 PM

I currently hold my bitcoin. I use unique means to spend but I do not use this bitcoin to spend. Because there will come a time when people will be able to buy this bitcoin And many have said that by 2021 the price of bitcoin will exceed one million dollars so I am not spending more on this bitcoin.

I am also positively looking for bitcoin to reach that price and that would be really make us earn huge money, maybe by that time mass adaption already happened.

Vaskiy

legendary

Activity: 2646

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DGbet.fun - Crypto Sportsbook

Miracles happen, but we need to be good enough to enjoy. Because I was into the market at the right time. I made good holdings spending very minimal from the cryptocurrency holdings. All the way greed accompanied and started to spend my cryptocurrency holdings. Further it didn't stop, and it went beyond my limits. Finally lost out of gambling. I mentioned it to describe my 90% of holdings were spend on gambling. Only 10% I have used on other purpose.

_Miracle

hero member

Activity: 912

Merit: 661

Do due diligence

When I mined I spent all the time, mostly on upgrading mining equipment, household items, occasional altcoins, gyft cards and gave it away in small doses. I have a little bit left in old wallets and still purchase on Coinbase from time to time.

I did purchase 1 million+ Dogecoin to donate to several charities going on in 2014 and to use in Reddit's old tipbot ---->not sure how much I have left (working on that right now)

I purchased $25. in Shib a couple months ago Grin

(with USD not BTC)

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Since i have monthly salary from my real job, i haven't cashing out my crypto investment this year and keep adding more to my portofoilo from my bounty rewards.
And i planned to still hold it until upcoming years, maybe i will spend it to buy tokens from another new projects but i will not spend it to fiat because i'm really sure this is the best investment in this era.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

have been keeping the holding for 8 months now, No single Bitcoin spend for that range of time though i cannot commit permanently because it's just got lucky these days that there are no issues about financial so completely holding my coins.

If given a chance i will keep the HODL for another 1 whole year.

And I am sure majority of people here has the same though and views as mine.

dbc23

sr. member

Activity: 1036

Merit: 311

I both hold and spend. 90% of my asset dwells in Bitcoin which leaves me with no choice than to spend from my holdings. But I ensure what I'm spending my coin on is worth the withdrawal else I rather starve my self of it. And I only withdraw from the profit I get from the bullish run while holding meaning in bear market I hardly go near my wallet except for pressing issues

NicNacCoin

sr. member

Activity: 1386

Merit: 451

I currently hold my bitcoin. I use unique means to spend but I do not use this bitcoin to spend. Because there will come a time when people will be able to buy this bitcoin And many have said that by 2021 the price of bitcoin will exceed one million dollars so I am not spending more on this bitcoin.

worldofcoins

sr. member

Activity: 1820

Merit: 418

Telegram: @worldofcoinss

Quote from: Marvell1 on October 19, 2021, 11:31:24 PM

Yes! I will sell some if I need cash to use for my business, the rest I will keep and when the market drops if possible I always try to hoard more bitcoins for myself. Investing in bitcoin is also a job that helps us cover our daily lives so I'll never hold them forever. I won't starve to keep bitcoins, I will sell when it is profitable and buy back if it drops.

I wouldn't suggest you wait for the market to drop but the history is repeating itself, Bitcoin hit the ATH of 60,000+ around this time and played around that price range for quite some time.

And this year that ATH is broken, So watch out there's a good chance for Bitcoin hitting 100,000 $/Coin, I mean a huge chance.

bct-user

full member

Activity: 383

Merit: 100

Unfortunately, I never spend my Bitcoin to buy something.
So far, trading Bitcoin is the most activity that I am doing right now. For holding itself, I cannot still do it because of the limited capital that I have. But I enjoy this trading. Bitcoin trading can give me enough profits for my life and also for saving and for more trading capital.
Actually, I am worried about using crypto or Bitcoin for transactions because of its fee. Additionally, it is also because BTC is not legal in my country if used as currency for payment.

Lanatsa

hero member

Activity: 2968

Merit: 687

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 do spend it up if there are things needed to be paid up and I do hold the rest which is good for long term prospect but well it isn't really that much of a concern if you do know on what you are doing.

We do have different plans in life which simply means that decisions would really be vary on each person.There are situations in life which you cant really able to avoid where you do really need

to sell a small part of your holdings which I don't see to be a problem.

Bilgent

member

Activity: 518

Merit: 13

I do them both to be honest. But I mostly HODL my Bitcoin. Because I believe that it is the right thing to do. Whenever people choose to HODL rather than selling or spending most of the amount, they make a really good profit in the long run. So I spend some amount of coins only when I find a chance to pay with Bitcoin. Otherwise, I don't bother converting it into fiat and spend like that.

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