If you have a lot of bitcoin, should you spend it or save it? - page 18.

livingfree

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Quote from: TTMNewsK on September 26, 2017, 06:24:13 AM

I will surely save them all.
The price of bitcoin is going up so I know that its worth it to save

That's a good idea sir, we're the same. I will surely save them all also. If I were given a chance to have a lot of bitcoin, I will save them because as we can see the value of bitcoin is getting higher and so I believe that sooner or later, the bitcoin's price will reach its peak. Long term investment is more worth it.

Xester

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Quote from: Choii on September 25, 2017, 09:10:55 PM

It's depend of my situation, but for now if i have a lot of bitcoin,(example 10btc) i think the 50% of my bitcoin should i spend it for start my own business and some of my money i'll give it to my family to buy what they want or pay a bill. And the half i think i save it until the price of bitcoin get higher or maybe i'll invest it to increase my income and also trading.

We have the same view on this. Just like you if I have a good amount of bitcoin I will spend some of it for improvement. I will renovate our house, buy some car, and other appliances to make our lives comfortable. I will also buy share on stock or maybe join a mutual fund while doing some business. And some of them will be kept considering the continues rising up of bitcoin price.

Whosdaddy

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Quote from: ndcm on September 23, 2017, 10:48:57 PM

Well, practically if you don't need money and you think that the future bitcoin price will be higher, save it. But, at least take some to treat yourself for enjoyment.

I will look at the market position of bitcoin. If it is in favor of making more and more money then I will hold my bitcoin for some more time and will wait for the price to grow more and if the situation is different and there is a threat of decrease in the price then I will sell some of my bitcoin but never spend it, because I buy bitcoin for my future needs and to fulfill all my dreams which is not possible without bitcoin.

bearexin

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Quote from: beezunus on September 22, 2017, 01:19:22 AM

if I have a lot bitcoins I will save some for trading and some I use to buy my needs and I hope to have lots of bitcoin

I too will use bitcoins for both. I will spend of my bitcoins to pay my utility bills, to buy products through online shopping and to fulfil my and my family’s daily needs. The rest of the coins will be used for savings i.e. I will invest my bitcoins for couple of years to make my future secure too.

TTMNewsK

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I will surely save them all.
The price of bitcoin is going up so I know that its worth it to save

gabmen

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Quote from: webdevmastery on September 26, 2017, 02:57:20 AM

yes if i have a lot of bitcoin maybe a part of it i,l spend for my daily needs..and some i,l save for it..be spend it wisely..or depends upon you..if you want to save for future purpose and to earn more profit its very good idea. Kiss

Well not many people would ve foolish enough to spend a lot of btcs just because they have many. The fact that they have that much btc means that they know it's value and that would make them a bit wiser with spending. I don't mind spending btcs if i have that much but of course i'm going to be thinking longterm

kiloiko

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Quote from: Flodemaga on September 12, 2017, 08:39:49 AM

Its a question that makes me think a bit extra, i do know 2020 bitcoin halving should make the price to grow, maybe it will make bitcoin worth 10000 dollars, maybe less or maybe more, the fact is i wouldnt moove any coin before, since its just more 3 years to reach the halving, and them time to take some coins and exchange and invest into a better life.

If I have a lot of bitcoins in my digital account, I will be spending most of them to support my education and family. I will be using some of them for making my future investments and some of them for trading. I will also be using bitcoins to promote my business online and selling my products for bitcoins.

webdevmastery

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yes if i have a lot of bitcoin maybe a part of it i,l spend for my daily needs..and some i,l save for it..be spend it wisely..or depends upon you..if you want to save for future purpose and to earn more profit its very good idea. Kiss

p3ppymon

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I would definitely spend my bitcoin and definitely make some more. As per fiat, you spend fiat and you make fiat one way or another. That is the economy, stagnation would lead to recession.

kendra1107

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

Simple, hold a portion and wisely spend the rest. It is known that most of the members of this forum or users of cryptos are active to earn extra. So if this is your reason for doing BTC, why hold all of it? But, if your reason is purely for investment, then it would be actually wise to hold it until a certain point. It's all in your hands. Your success/failure would depend on how well you played your cards. Wink

d4z

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Depends if you need it or not. If you need the money I would spend it to buy like a house or sthng. If there is no need for money atm I'd definitely keep it as it will still go up.

sladar

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One of the best form of investment is to save bitcoin for the future rather than spending it, there is a wide and growing speculation that the price of bitcoin is skyrocketing in fews years to come and an already saved bitcoin must has been tripled or even quadrupled which result to a highly yielded investment.

ricardobs

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Quote from: BitBayMarkets on September 19, 2017, 05:10:26 AM

You should save it bitcoin will rise very high, because it has the potential to rise high. Bitcoin is still growing many experts are saying that bitcoin will hit a massive amount of value.

I would then sell my coins in the future to make a profit.

Best thing you should do at first is save and make profits. After you might have made a lot of profits, you can then withdraw the whole profits. Let’s say you invested $2000 and made a profit of extra $2000 plus main investment which is $2000, making it $4000. What you will do is withdraw the $2000 profit and leave the other $2000.

ReLieD

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

The more btc you will have the more profit you will get if the prices increase. You think yourself , take 2 cases.
First case :- say you have 2 btc and the price of 1 btc is 1k USD . So basically you will own 2k USD . Now lets say that the prices of btc just increased by 2 times (1 btc = 2k USD ). So now you will own 4k USD. (Profit = 2k USD ).
Second case :- say you have 4 btc and let the price be same as before (1k USD) . So now you own 4k USD. Now again , let the price of Bitcoin be taken as 2k USD (double) . So basically you will have 8k USD in your wallet . ( Profit = 4k) .

You see the difference ! This is what I wanted to make you understand. The more Bitcoin you will own the more profit you will get if the prices of Bitcoin increase. And remember same goes for loss

zanezane

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Quote from: szpalata on September 25, 2017, 08:16:57 PM

I will only sell if the situation requires me to sell to get fiat else I will keep my stock of Bitcoin and wait for it to go super high . I'm the curious type and would really want to see how Bitcoin will fare within the next ten years.

Yes if that will be the case I won't hesitate to convert some fiat because it's an circumstances that we can't avoid.
Yeah just convert a little then the save and hold the remaining. Surely bitcoin will let us taste the moon so don't touch it and just hold or you'll be sorrowful afterwards.

Glorypaasa

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If i have a lot of bitcoin the best way to do is save it or hold becuase i know that the value of bitcoin become increase in the future because i want to become rich like others so ican say in the next year the value of bitcoin is $5000.

Cotton Candy

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

I dont have a lot of bitcoins today so I'm planning to save 100% of that because ai want to have a much bigger profit and besides I have nothing to lose even if the value drops because I don't spend anything in this. But if ever that I have 10 bitcoins the half of it I might spend it to build a business in order for me to have a stable source of income because we do not know how long bitcoins can provide us money and the other half must stay in my wallet to gain more profits.

doublebit21

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If I have a lot of bitcoin, let's say I have 10 bitcoins what I do is I will exchange half of that to my local currency and then put it to my local bank so that I have saving for future purposes then the other half I will go for trading,lending and etc whatever ways I can do to make a profit with it. We know that bitcoin nowadays is getting harder to earn so think wisely and better to saved half of them for future purposes.

zzSunZZ

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If i have a lot of bitcoin, i don't think i will spend it at all cause now at this moment i didn't need to spend my money to buy anything. So i will save it by holding Bitcoin for the best long-term profits. Bitcoin is future so it's not bad at all when you hold it . They're safe even many people or powers in the world try to dump bitcoin down. But it's no work at all.

Pettuh4

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Quote from: Choii on September 25, 2017, 09:10:55 PM

It's depend of my situation, but for now if i have a lot of bitcoin,(example 10btc) i think the 50% of my bitcoin should i spend it for start my own business and some if my money i'll give it to my family to buy what they want or pay a bill. And the half i think i save it until the price of bitcoin get higher or maybe i'll invest it to increase my income and also trading.

Currently I'd save it since it has started increasing in value and the it stands a chance of gaining more fiat equivalent value and soi will wait until after this hike before I will sell and invest into a business.

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