Topic: If you have a lot of bitcoin, should you spend it or save it? - page 19. (Read 33373 times)
September 25, 2017, 08:10:55 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.
September 25, 2017, 07:16:57 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.
September 25, 2017, 06:22:59 PM
You can't continuously accumulate their savings. To ensure your living needs you will still have to sell some of their bitcoins. I think Part of bitcoins should be used as a reserve Fund? part income and part purchases. Then you will be fine.
If you really want to grow your money you will have to invest it because it is good to invest money in the bitcoin. If you are having good amount of the bitcoin this is all depend on the price and the importance of the bitcoin. It is good to hold on your bitcoin till the price will be able be give you the profit of your demand and the income of the bitcoin will help you to buy some more bitcoin.If you have a great stick if Bitcoin then you can put into other investments that have bigger yields than Bitcoin but you need a big startup capital. There are multinational investment out there but requires huge capital to start and do selling your bitcoins into such projects are worth it if you can meet the initial requirements.
September 25, 2017, 04:58:18 PM
You can't continuously accumulate their savings. To ensure your living needs you will still have to sell some of their bitcoins. I think Part of bitcoins should be used as a reserve Fund? part income and part purchases. Then you will be fine.
If you really want to grow your money you will have to invest it because it is good to invest money in the bitcoin. If you are having good amount of the bitcoin this is all depend on the price and the importance of the bitcoin. It is good to hold on your bitcoin till the price will be able be give you the profit of your demand and the income of the bitcoin will help you to buy some more bitcoin. 
September 25, 2017, 05:56:16 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!
My answer is very simple. If I have many bitcoins, of course I will save it. Spending bitcoins are really bad decision and I can say that it is better to save our bitcoins than to spend it.Spending is not a bad decision as you are earning it so that you can spend it sometimes or even sell it at higher profits and if you will never sell then you will never enjoy the profits so if its giving you good profits on your investment then there is nothing wrong in selling a small part of it.
September 25, 2017, 05:34:50 AM
For me saving your bitcoin is a bit risky depending on where you put or save it, just as what happened to your 13 cents, your just in luck that bitcoin have been rapidly growing these past years. But as much as it could grow, we can never take out the risk that it might fall anytime, making you lose bitcoins, so be very carefull in where you put your coins. I think its better to trade and invest in coins which you think and specialist think that will be growing for the next years to come.
September 25, 2017, 05:29:58 AM
Hold, hold, hold. If you truly believe in this project, you should be thinking about what it would mean in the future. We want a future where we would all be using a decentralized currency free from government manipulation. Better have bitcoins before that time comes.
September 25, 2017, 05:27:05 AM
If i will be having a lot bitcoin, i will spend the half of it. I will spend it to my family, i will buy all the things that they want and i will give the rest of my money to my parents to help them in financial needs. The half bitcoin which is left over, i will save it and wait till the price of the bitcoin get higher and i will also save it so that if there is an unexpected thing happen i can easily get money.
That was very good idea because if you save all of your bitcoin what about your expenses with your family, what about your wants too, what about if they want something you have to consider you family too and especially your self. Saving is a very good idea yes, it is because if you need money in case of emergency at least you have bitcoin and get it easily. And it's really nice to save bitcoin and wait until it reach the highest price that was the advantage of saving bitcoin. I love to save bitcoin for my future. 
September 25, 2017, 05:18:28 AM
If i will be having a lot bitcoin, i will spend the half of it. I will spend it to my family, i will buy all the things that they want and i will give the rest of my money to my parents to help them in financial needs. The half bitcoin which is left over, i will save it and wait till the price of the bitcoin get higher and i will also save it so that if there is an unexpected thing happen i can easily get money.
September 25, 2017, 04:59:51 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!
Many people have asked questions like you and most people would recommend keeping Bitcoin. This is not controversial because Bitcoin is getting more and more valuable and will bring about a lot of profit over time. You can use Bitcoin to buy altcoins that may have Bitcoin added!
September 25, 2017, 04:24:57 AM
will save it because till now bitcoin show how it strong coin and price can up more
September 25, 2017, 04:07:20 AM
If I have a lot of bitcoin some of them is I will spend it to the tings that I need in everyday needs. I will travel the whole world with my families. I will the poor people in surroundings. The other btc, I will save it for the future. If there's something happen their source where I can find money. So that it's better to save to be prepare in future.
September 25, 2017, 03:51:01 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 would rather do both because as we know we all can earn and at the same time spend the income we are earning because this is the fruit of our hardwork in the job we are doing. I would put up the 70 percent of my total money in savings and use the 30 percent in things I need and things I want because that is how life goes on.
So selling all the bitcoin is also not sensible and holding them all in your wallet also does make any sense. So doing both selling and buying should be the purpose of bitcoin investment.
September 25, 2017, 03:45:33 AM
i think you should spend some and save some for emergencies and that is why you can do that but you need to think over the fact that you can put some money in an other investment and have some money when that goes wrong.
Agreed! This is really a very good idea. I must suggest you this thing that if you really possess a good amount of Bitcoins, then you need to invest a major portions of your Bitcoins in trading and spend a little amount of Bitcoins if necessary. You will surely make a lot of money and profit from your investment. 
September 24, 2017, 11:49:52 AM
If I have 2 btc, of course I will invest some of my coins, my life principle if coins can be developed, why spend.
September 24, 2017, 11:22:45 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 will be given a chance to handle such a great count like that I will surely be blessed and will save the biggest percentage of it as can be. Since it was too large amount of bitcoin, I will totally and surely save it for the future purpose because saving it was the best and simplest way to do to make it grow more since bitcoin's price rate is unstable enabling initial holdings to grow into larger one. If I will going to spend it, I will surely spend it into investments to make my holdings grow more. 
September 24, 2017, 11:03:20 AM
I believe Bitcoin has to move and circulate, it's not made for people to hold it. What would be tehn use of it? So it should be spent and invested. Of course if you have a lot of Bitcoins you will not spend them all but save some amount as a back up for the future.
September 24, 2017, 10:57:14 AM
yes I agree with you it might be better if wiser to spend bitcoin, because some users use bitcoin for a business that certainly mempu to get profit and I think with 2.1 btc in wallet of course can do trade or investment.
September 24, 2017, 09:45:59 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!
Sir there is no problem in saving or spending bitcoin but you must be wise to your decision, make sure that it is the best decision. There is no problem when you spend your bitcoin as long as you really need to spend it. Remember that there are many users that are holding their bitcoin purposes because as we all know bitcoin value is continuously rising.
September 24, 2017, 09:23:40 AM
If I can manage to gather 10 bitcoins then I will keep it till price reaches 10K. Will then sell half and wait for price to go even further.
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