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Topic: Do you spend your Bitcoin? - page 9. (Read 1165 times)

full member
Activity: 728
Merit: 117
October 18, 2021, 06:53:35 PM
#31
Coz for me, I'd considered Bitcoin as a form of currency, not an investment that is why I don't hold, unlike the others.  
Are you serious? If it is your mindset, which means you refuse the fact that Bitcoin is one of the popular digital assets in the world. I don't blame you to spend all your Bitcoin, but it is very unfortunate that you don't want to take advantage of the Bitcoin price increase. You must be aware that we are heading a new ATH of Bitcoin, most people already prepare their Bitcoin by buying and holding some Bitcoins since a few months ago. While you spend all your Bitcoin. 

hero member
Activity: 2086
Merit: 553
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October 18, 2021, 06:43:01 PM
#30
Do you spend your Bitcoins or just hodl?
Some are spent (for trading or converting to fiat for certain necessities) and some are for holding. But it is a short-term hold, commonly I will have some stages on selling BTC based on a certain rate.
And well actually I am planning to do long term hold for Bitcoin but not now. Maybe it will be better to buy when is the bearish time coming, maybe next year? Idk enough.

Btw, Bitcoin and other cryptocurrencies are still illegal if used as a currency in my country. SO, it means that I still can not use Bitcoin for any transaction or using it directly with Bitcoin as the payment method to buy something here.

But it doesn't matter because it is legal as commodity so we can convert it on exchanges and use fiat to buy something that we need  Wink
hero member
Activity: 2520
Merit: 568
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October 18, 2021, 06:25:50 PM
#29
Not hurting me that much to spend some of it and hold until I can. I do have a price target but they're too high and if ever bitcoin goes $100k then I'll still sell some.
Then the majority of bitcoin that I have, I might hold until $500k to $1M. Since I'm used to holding then I'll be targeting high prices already.  Smiley
sr. member
Activity: 2436
Merit: 343
October 18, 2021, 06:22:05 PM
#28
I actually spend them.
I converted it to our local currency and then use it to buy stuff and pay bills. I think, that actually is going to happen. Coz for me, I'd considered Bitcoin as a form of currency, not an investment that is why I don't hold, unlike the others.

I know that some people are currently holding but sooner or later, they will still spend on it. Holding might happen during the bear season and I did sometimes, and so the others but usually, I don't hold them long, I sell them when I need some money.  
legendary
Activity: 2422
Merit: 1140
duelbits.com
October 18, 2021, 06:18:38 PM
#27
Do you spend your Bitcoins or just hodl?
I do both, I guess others do the same.
Sometimes I need to convert my BTC to fiats for urgent needs. Cannot tell you what it is, but you must know I won't sell my Bitcoin if it is not necessary. Holding is the first choice, but spending some is possible at any time.

If you hodl
For how long and why don't you spend?
I am holding it for years and consider to sell once I am sure it is the best price of Bitcoin this year.
How about you? You also must be holding it for a long time and now you are waiting for the right time to sell. Then, you plan to buy again in the bearish season. Is it correct?
hero member
Activity: 1498
Merit: 711
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October 18, 2021, 06:03:33 PM
#26
Do you spend your Bitcoins or just hodl?
actually everybody is answerable to the question depends on how we manage our lives, really in normal circumstances i do spend some of coins if challenges comes across, but bitcoin is not meant spend sixty percent (%60) out hundred percent (%100) due to it inflation, holding a coin more especially bitcoin is like someone that is in huge investment but their hope when you have bitcoin.

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
Actually if you spend your bitcoin for something ease you can't be regretful when you know properly that it will yield another thing positively, but a process whereby the outcome is negative, you blame yourself because of bitcoin increments in the societies

If you hodl
For how long and why don't you spend?
If you hold in a long time distance and keep on holding it, their is every tendency that the investor is looking for a particular target before it could be use for any other options..on my own i hold for some period of time and i have target, and when the target approaches then i will release the particular value i want to be release.
sr. member
Activity: 1218
Merit: 279
October 18, 2021, 03:35:38 PM
#25
Yeah. I spend my Bitcoin, but I ensure to reinvest, because I understand bitcoin is the future. When buying stuffs online, I usually like paying with Bitcoin, because is more easier to me. However, Bitcoin long term Investment is very good, Although, is not always easy holding Bitcoin for a long time. It requires patience and also someone with a strong heart. For example, with the current price of Bitcoin, some long term Investors will be tempted to sell their Bitcoin.
sr. member
Activity: 2366
Merit: 448
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October 18, 2021, 08:57:19 AM
#24
Since I have a regular job, so I prioritize holding my bitcoins for a long time and also for reserve funds that I will use when I really need them and only spend them as needed.
and undeniably most people will do both which will make our life free from financial problems and for the future, so bitcoin is very useful to be able to spend it when we need it and hold the rest for a better future.

so I thought, I have a steady job but still need bitcoins for me to spend when there is a need, what about those who don't have a job or steady income.
newbie
Activity: 1
Merit: 0
October 18, 2021, 08:17:08 AM
#23
As for now, BTC is up by $17k this month and people are chill about it. Last year every thousand to a price was feeling like a breakthrough and celebrated by the community. It is interesting how over time our reactions to the price changed 🤔
legendary
Activity: 2072
Merit: 4265
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October 18, 2021, 07:46:06 AM
#22

Why would you spend your bitcoin on stuff now when you can spend them tomorrow and buy more of the same stuff? And when tomorrow arrives, it becomes today and you wait the next tomorrow. I know it sounds confusing but believe me, bitcoin is not meant to be spent. You should hodl it. I know, I know, you're going to ask me, "but what If I need to buy a house? A car? I already became rich! may I sell now?" No. Why sell now and buy a house when you can sell next year and buy 2 houses?

Everything is correct. There is an expression "tomorrow will never come"
Therefore, one must be able to live in the here and now. You must be able to spend and invest. You do not need to deprive yourself of everything that you think can wait until tomorrow. I will not speak too pessimistic, but if you are an adult and understand all the realities of life. The expected beautiful tomorrow may not come.
I, too, like most of the above unsubscribed, spend bitcoins as needed. But in parallel with spending, we must correctly calculate our capabilities so that with the coming "tomorrow" we will not be left without means of subsistence.
sr. member
Activity: 1701
Merit: 308
October 18, 2021, 07:07:07 AM
#21
If we have bitcoin assets of course we have their own mission in spending the bitcoins that we have, for now the bitcoins we have can buy some potential altcoins that are currently weak price movements so that they have a high possibility to get maximum results if later the price increase can increase, but there are also some investors directly sell because the profits obtained are quite large, Then in this case we must be sure of our own targets and do not easily follow the strategies of others.
hero member
Activity: 1778
Merit: 722
Leading Crypto Sports Betting & Casino Platform
October 18, 2021, 06:52:56 AM
#20
Well, I didn't sell all the bitcoin and I'm not going to do such a thing but I just sold a little part of it to take profit and place the money I got in other markets, In other words, I just extended the basket of my assets to have a more safe investment plan. However, for people who didn't sell anything and they just hold in the long-term bitcoin is always profitable so I'm going to keep the main part of my investments at least until the next halving.
sr. member
Activity: 365
Merit: 250
October 18, 2021, 06:43:16 AM
#19
Yeah, I spend it, but I am also investing monthly.
legendary
Activity: 2450
Merit: 4415
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October 18, 2021, 06:41:01 AM
#18
Why would you spend your bitcoin on stuff now when you can spend them tomorrow and buy more of the same stuff? And when tomorrow arrives, it becomes today and you wait the next tomorrow. I know it sounds confusing but believe me, bitcoin is not meant to be spent. You should hodl it. I know, I know, you're going to ask me, "but what If I need to buy a house? A car? I already became rich! may I sell now?" No. Why sell now and buy a house when you can sell next year and buy 2 houses?

What is the point of holding then if you can never benefit from being resistant to the temptation to sell? Bitcoin, an ever-growing currency, certainly incentives you to delay consumption, but you can't delay it indefinitely. Human beings, even those with the lowest possible time preference, cannot value the future more than the present, because there are some basic needs humans have to satisfy in order to live and survive. It is therefore nonsense to not spend your money if you are, for example, about to starve to death. The only reason I can think of you are not yet spending your bitcoin is that you have "worse" money to spend. Otherwise, if you lived off bitcoin only, it would be impossible to hold it without selling some occasionally.
full member
Activity: 598
Merit: 147
Next Generation Web3 Casino
October 18, 2021, 06:29:27 AM
#17
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 keep my BTC and hope future BTC price will go up to 100k, no strategy here, i don't feel real BTC price will be able to go to 100k, because i have a good job enough to be able to invest in BTC Money and not need to sell them right now. I was determined to buy a house and enough to buy a piece of land if BTC price reaches $100k like what I want expectation.
legendary
Activity: 2898
Merit: 1823
October 18, 2021, 06:28:33 AM
#16
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?


HODL, I would NEVER waste my bought Bitcoins unless it was truly a need to use it for censorship-resistant value transfer. Because if I bought it only to merely spend it, then why buy it? Use the fiat for spending instead. It will be more efficient that way.
hero member
Activity: 2702
Merit: 672
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October 18, 2021, 06:26:57 AM
#15
Err it depends? Sometimes paying with Bitcoin seems to be the easier way out so I use it instead of other forms of payment. Well, it's mostly situations where Bitcoin is an option, an easy method, or probably the only method. Only in those scenarios would I actually spend Bitcoin and the rest of the time I just hodl. The amount I hodl isn't really part of something I'd use to spend for whatever I need most of the time after all, simple terms, I use it for convenience's sake. As for my hodl strat, that's it, hodl. I don't give a damn anymore about the market since if I do I'd start trading and stressing myself out.
legendary
Activity: 3276
Merit: 2442
October 18, 2021, 06:19:42 AM
#14
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?

Why would you spend your bitcoin on stuff now when you can spend them tomorrow and buy more of the same stuff? And when tomorrow arrives, it becomes today and you wait the next tomorrow. I know it sounds confusing but believe me, bitcoin is not meant to be spent. You should hodl it. I know, I know, you're going to ask me, "but what If I need to buy a house? A car? I already became rich! may I sell now?" No. Why sell now and buy a house when you can sell next year and buy 2 houses?
hero member
Activity: 2366
Merit: 594
October 18, 2021, 06:11:35 AM
#13
I'm used to spending it rather than holding it. It looks easier, and not as heavy as having to hold back when the market is trending down. I don't own a lot of bitcoin every job I get paid with bitcoin I would convert to altcoins or fiat to invest.

Cool! We're the same because I'm using it right away to buy my necessities by converting it to our own fiat. I have a family, so money is really important to us now that we are raising a child. Before, I was holding a few bitcoins to save and invest in the future, but I got my girlfriend pregnant, so I had to cash it out and spend it. But now I'm gradually investing in altcoins so that we can save money in the future.
legendary
Activity: 2576
Merit: 1655
October 18, 2021, 06:03:33 AM
#12
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?

Yeah, I spend it, I treat it like money. But the most I do with my bitcoin is pay with my basic necessities, like internet, electricity and water and some credit cards. We are lucky that we have a local exchange that supports this kind of payment and then some.

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 also have some bitcoins that I have been holding for at least a year or do. Keep in a hardware wallet and for safe keeping.

Not sure if I have some price in my mind that I will cash out, maybe if we reach 6 digits sometime in December or early next year, I might be tempted to offload some.
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