Do you spend your Bitcoin? - page 8.

Blawpaw

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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?

Nah! I have used it as a currency for quite a while but now I'm just trying to hoard. Plenty of other cheap options if I want to use crypto to pay for something. With the fee cost and its ever-growing price, it is better to use it as a store of value than to use it as currency.

bitterguy28

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

Do you spend your Bitcoins or just hodl?

Both .

I HODL big part of my Bitcoin , and some small part is reserve for emergency or for trading.

Quote

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

Services , I usually having house or car services that until now none in my country offers to received as payment.

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?

How long? no proper plan but at least 2-5 years from now.

Alisha-k

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I hold mine, the future seems very promising for BTC so if I must spend them, I spend on very necessary things and that's on very rare occasions and when there's a dip, I try to acquire more.

Argoo

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I think that a significant part of those who have bitcoins try to hold them, hoping for their further price growth and large profits, and spend them only when absolutely necessary. So far, this behavior seems logical.
I do not see a particular need to buy bitcoins for fiat and then use them as a means of payment, when not everything can be purchased with them. Bitcoins are either stored or sometimes converted to another cryptocurrency.

Shenzou

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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 personally believe that you must enjoy things will they last and you need to enjoy things will you can, so hording bitcoin was never an option because i feel like we don't know how long will bitcoin last or at least be relevant before another technology comes out, or whether we are going to live long enough to enjoy its glory, so i try to take advantage of it and use it whenever i can to enjoy my life because it allows me to do so, but that does not mean that i am spending it fully i have some saved up for a rainy day and i try to think of it as a insurance for a better future.

Marvell1

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Leading Crypto Sports Betting & Casino Platform

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.

Rajamuda

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Activity: 924

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Basically... I prefer to hold it, but if there's an urgent need/life necessities that can't be missed or sometimes I'm on vacation, I only sell a few, because holding is still the top priority.
Situations and circumstances of our lives make a difference in spending bitcoin in our life, just do the best because here Bitcoin is one thing that plays a very good role.

worldofcoins

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Telegram: @worldofcoinss

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?

Recently i need bitcoins for some personal expenditure so i've to sell bitcoin that i earn along with what i make from the part time job.
What i used to do before was trading with the bitcoins since i didn't had to worry about selling them in short term so i can ride on for a long run in a pair and make some profit.

chanler

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mulierum.com

personally, I sell and hold some of my bitcoins too, so if the price is good in the market then I will sell it. of course the money that I get to meet my needs and I think it is quite profitable. we have the choice to sell or hold the bitcoins that we have depending on the needs and thoughts of each. the assets we have are ours and we are responsible for managing them properly so that they can be profitable.

glendall

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for btc the current price I sell my bitcoins, because I have made a profit of 30% of my main capital,for my profit I will allocate the profits to altcoins that have not yet reached the new ath, and buy somthing for my life

Dhaniii

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Quote from: ?? on ??

Got to spend my BTC last couple of months because of dissertations.
I wish I did not need to, the value is now way too high to buy. Cry

it's a shame to spend bitcoin at this time, because the market price is bullrun. now bitcoin has reached a height and has penetrated the earth's atmosphere, which is at $62k as the previous highest price. long-time investors are enjoying their success and starting to prepare themselves when to sell, the bitcoin market is very volatile at the moment.

Lucius

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

Do you spend your Bitcoins or just hodl?

Bitcoin is basically a currency, and that should be its primary purpose, all who claim otherwise are doing great damage to the general perception created in the public that Bitcoin is just one form of digital gold.

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?

Mostly on the purchase of digital goods, but also on every other occasion if I find something interesting that can be paid for with BTC. I honestly don't miss anything I'd like to pay with BTC that isn't currently possible - although it's all in the online store/s, it suits me perfectly, especially at a time of the pandemic.

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 don't have a time frame for an exit strategy, because I believe that it is much better to have a BTC than to convert it into a fiat, which is worth less and less every day. If someone believes that Bitcoin has value today, then there is no reason not to believe in it in 5 years or later - but it is quite clear that there is a difference between those who believe in Bitcoin, and those who believe only in profit.

rodskee

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Only small part had been in dispense because majority of my Bitcoin is still weighing in my folio , I also converted some part to altcoin but of course we don't know what will come in the future.
if Pandemic like this happens again then i will may spend every bit of my bitcoin .
and besides if all of us will hold bitcoin then what will happen to the price?
Bitcoin must be circulated and this is what the happens .

peter0425

sr. member

Activity: 2618

Merit: 439

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 Have Plenty of altcoins that i can spend once i needed extra funds so why need to use my bitcoin .
and besides I believe that Bitcoin will be in the highest value in the following years that means i will keep my Bitcoin on hold and will only spend my altcoins in crisis like now.

Quote from: dadach on October 18, 2021, 06:43:16 AM

Yeah, I spend it, but I am also investing monthly.

Spending but Investing? sounds like contradicting ?

IIrik11

member

Activity: 269

Merit: 37

🍀🍀🍀

I don't spend unless I really have to and that usually happens when I want to buy something and crypto is the only easy payment option.

But if I do spend then I buy it back asap.

I am holding and if things work out good, I am going to keep buying for at-least 5 more years and see where it takes me.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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?

its about time mate, indeed bitcoin still showing possibility and still above the current support so why spend it? Seems a big mistake.. Lol if you just hold it for short term then much better to dump, if you're long term probably this is not the right time for that.. I mean more confirmation first to prevent regrets afterwards.. Grin

Ucy

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Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I mostly hold mine and use others to buy fiat, which is basically part of the spending . Though I hope in the future I will be able to use it for buying other things, (preferably things that are local) and not just for buying fiat. I think the best way to spend it in this manner is through decentralized peer-to-peer means.. . And it should be within the Bitcoin Economy and Global Network.

Oasisman

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Activity: 2716

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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?

A lot of things cannot be bought with Bitcoin yet here in my place. The most accessible things where you can use Bitcoin is either the mainstream coffee shops, fastfoods, and computer shops. I have tried it once just out of curiosity and successfuly bought a 2TB external hd with Bitcoin using our local custodial wallet. I can say the experience was cool, but I might not gonna spend more than that lol.

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?

Hodl it for retirement plan. That's usually gonna be the case for long term hodler. I only have a little fractions, and I think It would become great in value for atleast the next 5-10 years.

Mpamaegbu

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Merit: 1225

Once a man, twice a child!

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

Do you spend your Bitcoins or just hodl?

Of course, I should believe that everyone who has access to their Bitcoin spends when life issues come up or demand. Even those who hodl still have a way of spending theirs and may have a mechanism of buying back the dip. I doubt anyone can truthfully say they hadn't sold a bit of their hodling, ever, even with all the several spikes as ATH.

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?

I sell to meet up with what the economists call, "human wants" which are often insatiable. Isn't that why we all work or keep a job? If course, it is. No, I don't miss anything that can't be bought with Bitcoin. My country isn't that vast in Bitcoin transactions and all that, I simply convert to fiat and then spend on whatever item I want to buy.

D-law

member

Activity: 686

Merit: 19

This is actually a personal question and answer to give one-self.
Nevertheless, not minding how little/large my Bitcoin is I wouldn't want to sell it, it's totally a no brainier to do so... I'm not in support of selling your btc op.
This can be done though,if you have enough bitcoin maybe, different view how this goes with different people.

Topic: Do you spend your Bitcoin? - page 8. (Read 1160 times)