In my point of view we should save as well as spend the bitcoins.If we have a lot of bitcoins we should save some of them for future or emergency uses.The remaining of them we can spend on our needs and wants or spend it on our girlfriends etc.If we save we will have more money
You have a point. We should also save for the future and emergency uses. As for me,I would spend 10% of my bitcoin and save 90% of it and hold it for years. Surely, I’m going to have triple times as its present value if I’ll wait for longer years.
Topic: If you have a lot of bitcoin, should you spend it or save it? - page 23. (Read 33373 times)
September 20, 2017, 02:46:46 AM
September 20, 2017, 01:47:48 AM
In my point of view we should save as well as spend the bitcoins.If we have a lot of bitcoins we should save some of them for future or emergency uses.The remaining of them we can spend on our needs and wants or spend it on our girlfriends etc.If we save we will have more money
September 19, 2017, 04:24:21 PM
I'm still sure bitcoin prices will skyrocket this year, even though I have a lot of bitcoin I'll hold, I'll set a target if the price has reached $ 8000 I'll sell about 50% bitcoin I have.
Nice. It is good to save Bitcoins in the meantime due to a potential price increase in the future. Thus, if you save more Bitcoin than what you spend, you'll be able to have complete control over your finances, reducing the possibility of becoming bankrupt.
Since we cannot know for sure what Bitcoin's price will be in a couple of years from now, it will be just a matter of buying and holding Bitcoin for the time being.
Then, after we have gained a lot of profit, we could spend our Bitcoins in things we need. Just my opinion
September 19, 2017, 11:25:46 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 spend bitcoin for my bussines, or my need, and having fun sometimes with my friend. but not all my bit, just a little. and the other bit save on bank, for my future. 20% for having fun, 80% for my future.
September 19, 2017, 09:33:54 AM
I'll sell 30% and will do whatever I want with that amount.
And the rest will be stored and keep it as my investment because I'm still a bitcoin believer and I want bigger profit.
Regardless on how many I have still I want to save it.
And the rest will be stored and keep it as my investment because I'm still a bitcoin believer and I want bigger profit.
Regardless on how many I have still I want to save it.
September 19, 2017, 09:32:31 AM
I recently start changing my mind a bit about this topic. I think we need to hold lets say, 80% to 90% of our coins, and spend the rest. When I say spent I'm not saying sell it for fiat, I'm actually saying try to buy something on a merchant that accepts bitcoins. The price is volatile, so holding is the best option of course, but I've recently realized that the price is so high, because we actually expect that BTC in a later future will be used as a currency as well, and we will be able to buy things with it. That is the only thing that is giving BTC a value, because if we all plan on just selling it in the future, when it's price is real high, then it means that we don't believe in bitcoin and we are just using it as a bubble. If we all stat selling it once the price is really high, the market will crash.
So I think we need to hold most of the coins, but slowing start buying real goods with it, and not just sell it for fiat.
So I think we need to hold most of the coins, but slowing start buying real goods with it, and not just sell it for fiat.
If you are rather forced by the high price of bitcoin to buy something, then you will end up being forced constantly by it in the future. In the future, the price will continue to rise and you will continue to think about spending your coins because of the high price. I don't know why are you saying that people using bitcoin as a bubble don't really believe in bitcoin. How about the people that believe in bitcoin and understands that the whole thing is just a bubble?
Hmmm, to some buying from a merchant that accepts bitcoins isn't really an option. You might come across a few online sellers accepting bitcoin but do they sell the thing that you are looking for? I usually just convert my bitcoins into fiat and buy the things that I need. I don't see the point of going through so much trouble just to use bitcoin as payment when you can simply convert it.
September 19, 2017, 09:09:40 AM
This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.
This is mostly seen in this section and i know many people answered it but i will answer it for the sake of the mankind. The 1/3 of my bitcoin is i will spend it and use it for many purposes like travels,buy some goods and many more and the rest i will keep it or save it in my wallet so that if something happen, i have left for it. September 19, 2017, 08:58:04 AM
I suggest you save it if you do not depend your daily living on bitcoin, simply because if you save it, there is a bigger chance for it to grow unlike spend it now. But just like what I have said, you can do that if you have other source of income.
September 19, 2017, 08:53:16 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!
For me, i will invest it so that in the future, i can have more of it. In saving a bitcoin, you should also know how to make it grow not just by investing it alone. You need to find a job that can earn you bitcoin and invest those earnings. In that way, you can earn bitcoin fast and easy until you have many of it. Having many bitcoin can help you reach your dreams and sustain your daily needs. September 19, 2017, 08:38:56 AM
I recently start changing my mind a bit about this topic. I think we need to hold lets say, 80% to 90% of our coins, and spend the rest. When I say spent I'm not saying sell it for fiat, I'm actually saying try to buy something on a merchant that accepts bitcoins. The price is volatile, so holding is the best option of course, but I've recently realized that the price is so high, because we actually expect that BTC in a later future will be used as a currency as well, and we will be able to buy things with it. That is the only thing that is giving BTC a value, because if we all plan on just selling it in the future, when it's price is real high, then it means that we don't believe in bitcoin and we are just using it as a bubble. If we all stat selling it once the price is really high, the market will crash.
So I think we need to hold most of the coins, but slowing start buying real goods with it, and not just sell it for fiat.
So I think we need to hold most of the coins, but slowing start buying real goods with it, and not just sell it for fiat.
September 19, 2017, 08:25:50 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!
For me, i will invest it so that in the future, i can have more of it. In saving a bitcoin, you should also know how to make it grow not just by investing it alone. You need to find a job that can earn you bitcoin and invest those earnings. In that way, you can earn bitcoin fast and easy until you have many of it. Having many bitcoin can help you reach your dreams and sustain your daily needs. September 19, 2017, 08:22:13 AM
Spending it promotes the currency, but holding it will be more beneficial to you. I see this as a problem for BTC, most people are currently holding it. How do we expect the mainstream public to accept it when we don't even use it ourselves?
September 19, 2017, 08:22:01 AM
For me save it. because it has the potential to rise high, then i invest some of my bitcoin while waiting to rise her value in the highest price. I cannot wait for that. Wish im the one of users have a bitcoin.
If you will save bitcoin and then keep finding a way to grow your money in bitcoin like investing in trading because that is one of the best way to earn money easily and having good sources of income of bitcoin will help us to earn more bitcoin and if the price of bitcoin will go up then it is already a great income if we are going to see it on a fiat value. 
September 19, 2017, 08:03:34 AM
For me save it. because it has the potential to rise high, then i invest some of my bitcoin while waiting to rise her value in the highest price. I cannot wait for that. Wish im the one of users have a bitcoin.
September 19, 2017, 07:41:15 AM
I will go for 70-30.Which is i will saving 70% and will definitely be spending 30%for my family.The remaining 70% i will invest some until it starts to get higher again.
September 19, 2017, 05:35:42 AM
I don't know what to do with my bitcoins, because i don't have assurance if bitcoin goes up or down , I am affected with many threats around , somebody say lets go for it and someone are concluding it will banned soon because it is a scam. Perhaps i have to read and observed more to avoid the tendency of losing. Looks like i'm in the midst of casino searching for luck.
September 19, 2017, 05:23:33 AM
save it, that's what most of the experienced people in bitcoin would suggest. Specially when it is starting to gain popularity so its most likely to increase in values that is why I choose to save my bitcoins and wait patiently.
September 19, 2017, 04:38:10 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 spend bitcoin for my bussines, or my need, and having fun sometimes with my friend. but not all my bit, just a little. and the other bit save on bank, for my future. 20% for having fun, 80% for my future.
September 19, 2017, 04:29:32 AM
My advice to all is to go on saving at lest 70-80% of what you currently have. The amount that you can sell or use is 20-30% for some reasons, if you are mining then you need to pay bills, if you dont you will have some expects of any kind so this is reasonable amount to spent maybe less this depends of situation you are having.
September 19, 2017, 04:10:26 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.
I would then sell my coins in the future to make a profit.
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