Topic: If you have a lot of bitcoin, should you spend it or save it? - page 24. (Read 33378 times)
September 19, 2017, 03:46:49 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.
September 19, 2017, 12:46:02 AM
Depends if you really need to use it. If not it's better saved for what you yourself mentioned was an increase in value. Of course you have to be always informed with trends. If you are using an exchange with a low spread you might profit by converting some of it into fiat during all time highs and use that money to buy during plunges.
Ofcourse you must think about your needs, that if you needed to spend some for your expenses then why not but if you are just going to spend it on things that are not much needed then that is not quite good because somehow we all know that bitcoins price is unpredictable and it is not worth it to just spend off the btc you've worked to earned. It is not wrong to look up for the future, atleast whatever happens whenever you needed funds you'll be prepared for it because you had saved enough.We should be dependable based on our needs since what if we don't have money to buy some foods then you have bitcoins would you still choose to save it eventhough your tummy is roaring? Since for me I'd rather go spend whenever I need some money since actually saving bitcoins is just for short term for me and I just Intend to save whenever I see some Hype coming with bitcoins.
September 19, 2017, 12:39:27 AM
If i had say 3 bitcoins then i would save and hold 2 of them till 2-3 years atleast and rest 1 bitcoin i would use to trade in altcoins, invest in ICO's may be some in mining and withdraw some of those as well
September 19, 2017, 12:33:52 AM
Of course I won't spend it. I will let it multiply until I became rich. I will just take a portion of it to buy me necessary things that I need in life. I will let it appreciate in value.
September 19, 2017, 12:07:34 AM
If I have a lot of bitcoin in my wallet I will buy different kinds of altcoins so my bitcoin will grow and those altcoins once increase for sure I can make a profit. And if I have a lot of bitcoin while the price increasing i can make a lot of money. Even saving holding bitcoin also can make a lot of profit but you need to wait. For sure invest the half of that amount and save it the half also to make sure.
I have done what you write, but I am trying to develop more for multiple stream income. I bought some mining equipment and followed the pool for a monthly fee, how to keep the best asset is to keep it moving, so whatever the conditions, bitcoin income will continue to flow every day.
September 18, 2017, 11:42:13 PM
Depends if you really need to use it. If not it's better saved for what you yourself mentioned was an increase in value. Of course you have to be always informed with trends. If you are using an exchange with a low spread you might profit by converting some of it into fiat during all time highs and use that money to buy during plunges.
Ofcourse you must think about your needs, that if you needed to spend some for your expenses then why not but if you are just going to spend it on things that are not much needed then that is not quite good because somehow we all know that bitcoins price is unpredictable and it is not worth it to just spend off the btc you've worked to earned. It is not wrong to look up for the future, atleast whatever happens whenever you needed funds you'll be prepared for it because you had saved enough. 
September 18, 2017, 11:20:55 PM
If I have a lot of bitcoin in my wallet I will buy different kinds of altcoins so my bitcoin will grow and those altcoins once increase for sure I can make a profit. And if I have a lot of bitcoin while the price increasing i can make a lot of money. Even saving holding bitcoin also can make a lot of profit but you need to wait. For sure invest the half of that amount and save it the half also to make sure.
September 18, 2017, 09:25:31 PM
If I have a lot of bitcoin ofcourse I will spend it but if the price is good. Even you have a lot of bitcoin but if the price is low I think its nor worthy to spend it. So for me if the price is good then i'll go spending but I will save still bitcoin and invest it again so I can earn again.
I agree with you. If the price of bitcoin is not high enough, spending it will be worthless. Thereofore, i will never spend my bitcoin at the low price. The higher the price of bitcoin is, the more things you can buy and you can easily spend your money in diffrent purposes September 18, 2017, 09:18:32 PM
I will do both. It's nice to use bitcoin to buy a lot of things specially now that the price is high it's not bad to enjoy your earnings but still saving for future is a must while the value is keep appreciating if we save now chances are it will continue to grow and you can have make your life more financially stable
September 18, 2017, 08:32:54 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.
That is your call but while I do not think we are going to reach that price anytime soon, I still think it is a bad idea to sell for 8k, I think bitcoin has the potential to reach prices that we could think as ridiculous but that given enough time bitcoin will be able to reach. September 18, 2017, 02:05:44 PM
You should save it bitcoin is now 4000 dollars worth it is now rising from 3200 dollars thats what i call growing. Bitcoin will surely go to 5000 dollars in the future.
I would now get every bitcoin possible in my wallet in order to sell them when btc is very high.
I would now get every bitcoin possible in my wallet in order to sell them when btc is very high.
September 18, 2017, 11:15:14 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 think my action or response will depend on the current situation and status of bitcoin. If the value is low, then I will wait and prevent myself from the temptation of spending some of my bitcoin. But if the price is high and good then I will spend some and use it for fun and for the things that will not make me regret after using it. But still I will save more so that I can avoid some nostalgia if ever I will spent my bitcoin for temporary things. 
September 18, 2017, 11:11:55 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 think I will use it wisely. As a reward for myself for the hardwork I've exerted to earn that large amount of bitcoin. I will spend some of it to give myslef all my guilty pleasures so that I will get more inspired to earn and work harder. The rest, I will invest it so that I will not worry that much for my future because I have already something stored. This will help me a lot so I will think about it wisely and smartly to avoid unecessary events. 
September 18, 2017, 11:03:45 AM
If I have a lot of bitcoin ofcourse I will spend it but if the price is good. Even you have a lot of bitcoin but if the price is low I think its nor worthy to spend it. So for me if the price is good then i'll go spending but I will save still bitcoin and invest it again so I can earn again.
I agree with you. If the price of bitcoin is not high enough, spending it will be worthless. Thereofore, i will never spend my bitcoin at the low price. The higher the price of bitcoin is, the more things you can buy and you can easily spend your money in diffrent purposes 
September 18, 2017, 10:54:19 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!
It depends on you on how you will decide on your own bitcoin. And somehow you can do both. You can hold bitcoin and save it as well as spend it but of course you must know how to do it in very intelligent way so that even if you are spending you will not be lose all of your savings. You must have enough knowledge in saving while spending.
September 18, 2017, 10:52:24 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 if you have any amount of bitcoin you should save it because as far as I know from the year bitcoin was started it's value was very low somehow 17 dollars only but today it is very high and we all know that in the future it will be a very big thing to many people who hold their bitcoin so I suggest for you to hold and hold your bitcoin.
September 18, 2017, 09:26:40 AM
If I have that amount of bitcoin I will spend a quarter of it for my own house and another quarter for business and the other half is for investing.
September 18, 2017, 09:02:15 AM
If I have a lot of bitcoin ofcourse I will spend it but if the price is good. Even you have a lot of bitcoin but if the price is low I think its nor worthy to spend it. So for me if the price is good then i'll go spending but I will save still bitcoin and invest it again so I can earn again.
September 18, 2017, 08:58:04 AM
absolute save it.
but i spend little bit for my need and for my fun. its not true if money can make someone happy
big save is greatfull for my future, i will not worry about it, about my need in future.
but i spend little bit for my need and for my fun. its not true if money can make someone happy
big save is greatfull for my future, i will not worry about it, about my need in future.
September 18, 2017, 08:38:58 AM
To me the question is meaningless.
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