Topic: If you have a lot of bitcoin, should you spend it or save it? - page 25. (Read 33373 times)
September 18, 2017, 08:35:14 AM
Wether you decide to spend it or not, you know that you would still end up spending some of it. When the price rise and you gain another profit, you would spend and that cycle would go on, thats why we save in the first place, so that we have some to spend in the future assuming that bitcoin overcome every problem it encounters and assuming that it will still be the top 1 crypto.
September 18, 2017, 08:31:06 AM
I will not any dilemma to spend some of my Bitcoin if i have a lot of bitcoin. Rest of my Bitcoin i will hold for future on financial purpose. Money is not for holding for whole life. It is for the time of needed. So in my needed time i will spend some of my Bitcoin without any hesitation.
September 18, 2017, 08:29:13 AM
I will exchange half to fiat then the money i use to open real business. Other half, i use for trading or buy ICO altcoin. Because, however, it isn't good to keep all eggs in one basket.
September 18, 2017, 07:55:27 AM
if this so then I would prefer to save for the future purpose, I believe that bitcoin will gain more price value than today. so in terms of profit, I always prefer to save Bitcoin for the future perspective. Bitcoin is a very important tool for me so that I never spend Bitcoin for my daily essentials. I think everybody should follow this way for the sake of profit.
September 18, 2017, 07:52:11 AM
I will spend it on building a house and building my own business so i can have a nice home or house and i will also have a good business that will give profit to me everyday and that will help me aside from bitcoin to earn money easily without working like an employee.
September 18, 2017, 07:40:56 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!
Okay, let us assume I do have a lot of bitcoin in my wallet, I say I will not spend it all. I may cash out some of it to buy my needs or something I really really want but I will make sure there will be money left that will serve as my savings. Savings is very important to me, and I feel incomplete when I don’t save money in a single day. I believe that I must always have an extra money so that in times of emergency I will be less worry to where I will get money.
September 18, 2017, 07:39:09 AM
That is a lot of money if you exchange it to cash, If I would have that value I will spend some of it and I will start a business then the other goes to investing.
September 18, 2017, 06:07:27 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!
bitcoin should be spend because bitcoin is a cureny and it should be use as spending because its money not a decoration in your wallet. youll soon regret it if the bitcoins value drop and wont rise again. but it always depend on the person if he is poor then he would use his bitcoins but if has an extra money or a job then its ok to hold it for a while.
September 18, 2017, 05:41:37 AM
What would I do if I had a lot of bitcoin?, I don't have much but how much ever I have I would just save it for future because I have heard that prices are going sky rocket in the future which would give me a profit but on the other if prices go down I'll be in loss but I still save and take the risk.
I must say that you are really a very smart person. You are very much right that there is no point of spending your Bitcoins and that too when we can smell that holding of Bitcoin can help us earning a lot of money and can make us millionaire as well. I think spending will never be a suitable idea under any circumstances. 
September 16, 2017, 02:38:30 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.
September 16, 2017, 02:32:42 AM
will spend it all and get new home with extra money on bank
September 16, 2017, 02:13:23 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 bitcoins I will save it and let it hold in my wallet. As soon as possible if I have money I will buy more bitcoins and then let it be in my wallet for a long time. Or I have to trade and work in campaign signature. 
September 16, 2017, 02:09:07 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!
Well the principles of trading is buy when low then sell when high, So probably if you want to earn more profit then save it, Maybe there will only be a small percentage of profit that you will earn but it was still a profit and it will increase and increase periodically.
you put $10 and want to make it $30 , that was not easy. sometimes you should through the storm , dropped so low and be patient are a must.
September 16, 2017, 01:34:29 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 you should do both. Take a part of your bitcoins then use it for the things you need to buy and fulfill your bucketlist one at a time. A part of your bitcoins you should save it for emergency purposes, because you will never know when will you need a large amount for money for important things. 
September 16, 2017, 01:30:13 AM
That matter's on how much bitcoin you have. If you think you have made enough bitcoin to spend it, you totally should. Otherwise i think it's smart to save it and wait for the bitcoin to rise even further beyond.
I think both are good a small of the both, It is great to save your bitcoin because the value has increased a lot and still has the potential to grow more and more. So I am saving some bitcoin and spending some because it is not good to spend all or keep all save so invest some and start some business so that in the future it will be a side income for you and you will be able to make more and more money. September 16, 2017, 12:07:10 AM
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.
September 15, 2017, 11:58:08 PM
Unless you really cannot afford to keep it, for example, you will become homeless if you do not, I'd be inclined to save it if I was in your shoes. Any increase is great and if the forecasts for bitcoin in the future are to be believed then it is a great investment, even with a small starting amount. Any investment is a risk of course but if you bought low then you have less to lose.
September 15, 2017, 11:49:08 PM
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!
Well the principles of trading is buy when low then sell when high, So probably if you want to earn more profit then save it, Maybe there will only be a small percentage of profit that you will earn but it was still a profit and it will increase and increase periodically.
you put $10 and want to make it $30 , that was not easy. sometimes you should through the storm , dropped so low and be patient are a must.
Right. Lose patience and panic for even a few hours can cost you too much. With the last price drop yesterday, i think many people lost money due to panic and getting jitters but experienced traders knew all too well and perhaps have purhcased more btcs.
September 15, 2017, 10:50:00 PM
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!
Well the principles of trading is buy when low then sell when high, So probably if you want to earn more profit then save it, Maybe there will only be a small percentage of profit that you will earn but it was still a profit and it will increase and increase periodically.
you put $10 and want to make it $30 , that was not easy. sometimes you should through the storm , dropped so low and be patient are a must.
September 15, 2017, 10:36:54 PM
Better hold bitcoin, simply because its price will continually grow. You can spend it only on big and genuinely required buys these kinds of as a property or a auto. To get rid of precious cash for enjoyment is stupid.
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