Few Days To Christmas - How Are You Preparing? - page 3.

Fatunad

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Quote from: noormcs5 on December 21, 2022, 07:28:49 PM

Quote from: CryptoPanda on December 21, 2022, 05:32:09 PM

Quote from: Obari on December 20, 2022, 10:59:11 PM

I've come across so many other threads where people preach against the sell of Bitcoin regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

I’m not against using bitcoin as a payment method, I completely support the use of bitcoin to pay for goods and services. It’s the purpose of bitcoin as a currency afterall. I just do not think selling bitcoins in bear market to spend on Christmas is a smart decision. Tbh I think Christmas is a business not a religious holiday as originally intended, it’s the largest economic stimulus in the world. They do it every year so they can sell their merchandise. Christmas generates trillions of dollars every year and I would prefer not to add my bitcoins to the statistics.

Yes, People will spend money on Christmas but more smarter people will use the fiat money and not sell their bitcoins at the current prices.
I think it is not wise to spend and sell bitcoin now when the price is near its very low. You can save your bitcoin now and get good returns later in the bull season.

If your salary was short out from your day job and wanted to make out some preparations for Christmas and New year then it wont really be that a bad idea on spending a small portion of those holdings of yours.
As long you arent spending all of it then you should be fine.It isnt really bad to spend up a portion yet this holiday season do happens only once a year which spending some amounts of those investments that
you had hold for so long wont really that a waste.Yes, you could really make out some conversion from crypto to fiat. This is what im doing, but im sure that im not spending
that much because it is really better that you are holding into something which does have potential.

noormcs5

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Quote from: CryptoPanda on December 21, 2022, 05:32:09 PM

Quote from: Obari on December 20, 2022, 10:59:11 PM

I've come across so many other threads where people preach against the sell of Bitcoin regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

I’m not against using bitcoin as a payment method, I completely support the use of bitcoin to pay for goods and services. It’s the purpose of bitcoin as a currency afterall. I just do not think selling bitcoins in bear market to spend on Christmas is a smart decision. Tbh I think Christmas is a business not a religious holiday as originally intended, it’s the largest economic stimulus in the world. They do it every year so they can sell their merchandise. Christmas generates trillions of dollars every year and I would prefer not to add my bitcoins to the statistics.

Yes, People will spend money on Christmas but more smarter people will use the fiat money and not sell their bitcoins at the current prices.
I think it is not wise to spend and sell bitcoin now when the price is near its very low. You can save your bitcoin now and get good returns later in the bull season.

coupable

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As every year, I used to acquire and keep a small amount of Bitcoin to celebrate New Year's Eve always with my family
This year, I decided that it would be an exceptional celebration, since it is my first year away from the family home, and the atmosphere of the family celebration is the same as every year. I agreed with a group of friends from other provinces to camp in the desert on New Year's Eve.
All I wish for this evening is that the prices will improve in the crypto market so that I can sell Bitcoin at a better price. I bought this milligram of bitcoin and saved it when the price of bitcoin was over $30,000 and today it is less than half of that amount.

Iroh

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Quote from: MinoRaiola on December 20, 2022, 05:39:56 PM

Quote from: nullama on December 19, 2022, 11:09:11 PM

Merry Xmas Bitcoiners! Grin

We buy gifts because we want to do something good for our loved ones. But please don't forget that there are also many people who are not well. I always donate some money at this time so that other children can have a good time. Life is hard enough, this makes it a little easier. And now, have a good time, everyone.

Gifts are bought and shared among friends and family during the festive holidays. Money is spent during these times to make merry and spread joy and cheer to family and loved ones.
In my opinion, you can’t put a price on the smiles, joy and happiness generally felt during these festive season and that’s why people cherish the time spent with family and friends.

I think we should all spread joy and cheerfulness whenever we could and not just only during the festive season. Always try to put a smile on someone’s face. It could put a smile on yours as well.

gabbie2010

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Quote from: Fivestar4everMVP on December 19, 2022, 03:21:57 PM

We have just a few days to Christmas, so I guess now, it's Okey if we start wishing everyone a happy Christmas in advance.

This is a season when we all need money for various expenses like buying children Christmas apparels, shoes and anything that will make them look good.
Buying stuffs for ourselves to probably show off to neighbors, family and friends how wealthy we are and all that.
Spending lavishly on food and drinks that might end up perishing the next day if everything is not consumes in 24 hours or less..

We need money for several stuff this festival period, yeah, but it is a simple advice I've got for the crypto community which you are part of, Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

Christmas comes and in 24 hours, it's gone, Bitcoin is here and will remain with you for as long as you keep, we definitely will sell it one day, but we all know that now is not the right time to sell.

If you sell your bitcoin to maybe buy new set of clothes and shoes, you threw away your bitcoin because, in three months time maybe, you probably will Not be wearing those clothes and shoes anymore..
Why then lose your Bitcoin for items that perishes in such a short time?

I don't think it's a bad idea withdrawing or exchanging some Bitcoin to fiat and spend it on Christmas stuffs if there isn't any alternative source of income, this is yelutide season which is synonymous with giving out some gifts to our love ones, to the poor and gifting Christmas hampers etc. Christmas it's only celebrated once in year it's a joyous occasion celebrated globally, thus this is not about throwing some Bitcoin away, but taking out some bit for personal enjoyment and merriment after working throughout the year, Merry Christmas 🌲 in advance to forum members.

CryptoPanda

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Quote from: Obari on December 20, 2022, 10:59:11 PM

I've come across so many other threads where people preach against the sell of Bitcoin regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

I’m not against using bitcoin as a payment method, I completely support the use of bitcoin to pay for goods and services. It’s the purpose of bitcoin as a currency afterall. I just do not think selling bitcoins in bear market to spend on Christmas is a smart decision. Tbh I think Christmas is a business not a religious holiday as originally intended, it’s the largest economic stimulus in the world. They do it every year so they can sell their merchandise. Christmas generates trillions of dollars every year and I would prefer not to add my bitcoins to the statistics.

Obari

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I buy all valid country Gift cards swiftly.

I've come across so many other threads where people preach against the sell of Bitcoin regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

LDL

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Quote from: Lucius on December 20, 2022, 06:21:45 AM

It's strange to me if someone has some kind of significant amount in BTC, and they won't allow themselves anything for Christmas and New Year just because the price of Bitcoin is so low compared to the last ATH. Christmas is once a year, life is too short to hold back all your life and wait for a new opportunity that may never come.

I'm not saying we should act like drunken millionaires and spend like there's no tomorrow, but don't hold back on some basic things because "it's not the right time to sell Bitcoin".

Some days of human life should not be measured with money. I agree with your words because money may come and go in life but some moments once lost from life will never come back. What is once lost in the stream of time can never be regained. Bitcoin and other currencies may come and go in your life but Christmas Day comes once a year. Let's all blow ourselves up next Christmas Day regardless of Bitcoin's current market conditions. May the life of every human being be full of joy and prosperity. Happy Christmas Day to all Bitcoiners.

Marvelman

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The decision to buy or sell Bitcoin should be based on both your own situation and the factors that are most important to you. By considering both, you can make an informed choice and know how to proceed. In the end, the decision to buy or sell Bitcoin should be based on your individual circumstances and financial goals. Some people may choose to sell some of their Bitcoin in order to use it to buy gifts or other items for the holidays, while others may prefer to hold onto their Bitcoin in the hope that its value will increase over time. Whatever your plans, I wish you all a merry Christmas, happy holidays, and a happy New Year!

lostbox66

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Quote from: nullama on December 19, 2022, 11:09:11 PM

Well you can't spell Christmas without sats

(talking to self)
c...h...r..i... hey, they're right!

Mpamaegbu

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Once a man, twice a child!

Other than the harmattan usually experienced during the Christmas period, nothing seems to be special for me now as a grown-up man. In my growing up days, it used to be a time for celebration and that was because my Dad made it so, spending unnecessarily. Now that I've my kids, I'm a bit circumspect. My kids know there's nothing that can be done on December 25th they don't get the opportunity of doing on any other day; food and whatever. In fact, I've made it a tradition to stay indoors on Christmas day. It's because of the crave of people to overdo things around the festivity that has made me take a contrary approach, treating Christmas like a regular period.

MinoRaiola

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Quote from: nullama on December 19, 2022, 11:09:11 PM

Merry Xmas Bitcoiners! Grin

We buy gifts because we want to do something good for our loved ones. But please don't forget that there are also many people who are not well. I always donate some money at this time so that other children can have a good time. Life is hard enough, this makes it a little easier. And now, have a good time, everyone.

passwordnow

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It is okay to spend bitcoin if you really want to, that's how it should be for us to spend it. I've already bought my stuff and for the kids that might ask me for some money but it isn't that much.
I've got a fewer budget than several years ago, you know the pandemic and inflation thing. It's different for this year but I just hope that whoever receives these things from me will still be happy despite how low-valued they are and I hope they will understand my situation. Because I've experienced giving before and a few complained on how few I've gave and that urged me to stopped being generous.

sstephan

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Quote from: Fivestar4everMVP on December 19, 2022, 03:21:57 PM

Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

just shows how delusional people have become in this community .

and you want bitcoin to replace currency ?
what a joke .
it seems all you care is your riches , and this probably 90% of bitcoin community , unfortunately .

bitcoin will fail for many reasons ,but the main one will be peoples GREED .

go ahead and stair at the graph , all day long instead of enjoying christmas .

len01

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it depends on each individual to sell bitcoin only to buy needs at Christmas time or prefer to hold bitcoin but not wear new clothes etc.
if someone has a target and is consistent to always hold bitcoin, will not sell until the price is really high, chances are that in any situation that person will continue to hold it regardless of any situation at that time.
but if someone who buys bitcoins without having high and consistent targets, it is likely that on Christmas Day he will sell some bitcoins to celebrate Christmas.
for me actually if you still have clothes or pants that are still good and suitable for use at a Christmas party it is better to use old clothes or pants than having to sacrifice assets just to buy things that are not too important.
say maybe on Christmas this year have a party with simplicity but when in the next few years when the bullish comes the price of bitcoin goes up high, you can sell it at a high price and get big profits and you can live Christmas with all the luxury that you earn from investing in bitcoin.

BlackHatCoiner

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Farewell, Leo

Christmas is spending based. Spend some time with your friends, have a dinner with your family, buy yourselves some presents, take a break from bitcointalk. Tongue

Quote from: PrivacyG on December 19, 2022, 04:33:21 PM

But the money I invested? It should continue to be used carefully, not spent away on things just to have a mental pleasure for five seconds then forget about it.

You're lucky if you're happy with the way of living you describe. I'm not a consuming monster, but I don't do well if I don't do some pleasure to myself and my relatives once in a while. Especially if I know I make more money than them. Careful spending is important, but Christmas-- and holidays in general, is this time of the year where you gotta be more reckless, for the sake of your health.

Mate2237

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Christmas is a period of sober reflection to our dear Baby Jesus. It is the period he was born to the world to save the mankind. It is a period of jubilation and it is not also a period of jubilation. It is the period of jubilation in the sense that, the savior of the world was born and it is not a period of jubilation because birthday celebrations in the holy Bible was celebrated and humans were killed. John the Baptist was also killed in a birthday celebration.

This is the period of love, giving happiness. What will you give in this Christmas? Show love...

tjtonmoy

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Well, OP is trying to say that you should not spend your BTC on some temporary things that comes and go. I agree on that part, but what if someone is in need of something that they need badly? Should they not sell their BTC if this is their last resort?
I think if they have bought BTC and holding them, then they have the right to use it however they wish to. Christmas is about celebrating the holiday & spreading happiness. If you hold the BTC, and it grows in the future, but you may not get this holiday with your family if they are gone someday.
Enjoy the life while you can. Money will come and go. But once a person is gone, you will never get them back.
I am not saying that you spend all on useless thing, just buy what you need to have the best Christmas.

kryptqnick

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Buying presents for Christmas is IMO not at all about showing off wealth to neighbours, but about helping to make some people happy, even if a little bit. I'm not a supporter of overspending, but I also think it's very wrong when well-off parents give no presents or very cheap presents to their children because children need to be loved and cared for. Also, some things can actually last for a long time and be of high significance in various relationships, and sometimes people need to sell their BTC not to buy expensive presents but to buy any presents for their loved ones. So I believe people should first and foremost treat Bitcoin as money and money should be spent when there is a need to spend it or when spending it can lead to positive improvements of someone's lives.

Quote from: hatshepsut93 on December 20, 2022, 01:30:39 PM

Quote from: Fivestar4everMVP on December 19, 2022, 03:21:57 PM

Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

When I was in school, Gobseck by Honoré de Balzac was a mandatory reading. It's a story about a wealthy man who died without spending any of his wealth and living a very frugal life. It's a reminder that people should also enjoy the present and not live only for the future.

If you're even denying yourself a Christmas, then what sort of memories are you creating? Years from now you might look back and realize that you wasted your best years not doing anything, only waiting for Bitcoin to go up. And worse, when Bitcoin does go up, people often fail to take profits and then wait for the bull cycle again.

There can't be any objective rule for managing your Bitcoin investment, because value and time preferences are subjective. In some cases it could indeed be a bad idea to sell Bitcoin to buy a Christmas gift, in other it is not.

Also had Gobseck as obligatory reading at school, and totally agree with your point.

ChiBitCTy

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I see what your overall theme here is and I think it's a good reminder to simply be smart with your money, and to not waste it. But keep in mind some people are going to have to spend their bitcoin whether they really want to or not. I would sure love to be able to keep all the bitcoin I own in-tact and never spend it, but unfortunately sometimes I have to. However I think your main point here is just to not needlessly waste your bitcoin on stuff that you're not going to care about in a very short period of time.

Topic: Few Days To Christmas - How Are You Preparing? - page 3. (Read 623 times)