Topic: If you have a lot of bitcoin, should you spend it or save it? - page 27. (Read 33378 times)
September 14, 2017, 05:56:54 AM
I don't have more coins only a very little is with me, so I always think how to grow it rather than spending. If I am so tight financially I will spent few otherwise I will hold it simply for future and also I hate to waste money on gambling.
September 14, 2017, 05:48:12 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 14, 2017, 05:45:35 AM
I would say you can do both, but if you do spend them, you must find a way to replace them, otherwise you will end up regretting it.
I mean, if you ignore the ups and downs, that are typical in a very volatile market, and just focus on the long term, then you can say that BTC price is rising. So if you spend your coins, to by, lets say a coffee, then in a few months for now, that will be the most expensive coffee you ever had until now.
That's why I prefer to hold and not really spend my coins.
I mean, if you ignore the ups and downs, that are typical in a very volatile market, and just focus on the long term, then you can say that BTC price is rising. So if you spend your coins, to by, lets say a coffee, then in a few months for now, that will be the most expensive coffee you ever had until now.
That's why I prefer to hold and not really spend my coins.
September 14, 2017, 05:34:18 AM
Price of bitcoin is rasing day by day, month by month, so why you spend something that will make you a huge passive income ? I think you already know my answer right ?
September 14, 2017, 05:25:48 AM
if only I have a lot of bitcoin i'm going to save and invest it, I'm going to invest it on a trusted site where my profit becomes higher and higher then I will have a huge of money the half is I'm going save it in a past few years bitcoin has a smaller value and only few people trust bitcoin and after that years bitcoin has a greater value now unlike before that is smaller and its continue blooming in the market now unlike other currency.
September 14, 2017, 04:39:17 AM
If I have a lot bitcoin, it depends on the needs or wants that I have for the moment. I will spend it if needed and feel like to as a reward to myself, or save it if I don't have the urge of using them yet. The use of bitcoin is also something to do with our mindset of how mindful we are in becoming a good steward of what we have. Whether it is plenty or not.
September 14, 2017, 04:29:35 AM
obviously it's better to save it but you spend what you need to to live
Both are better, saving and spending. We all need to spend just to survive each day and what kind of person you are if you just keep on saving but you are not buying your own personal needs with your money? It's odd if you are saving money but you don't spend for it. But if you want to keep on saving and want to grow your bitcoins, invest.
September 14, 2017, 04:16:25 AM
I would say you can spend some and sell some to have money and start an other business with that money and then you have an income trough there and when it fails you still have your other bitcoins to save you out of debt or anything.
September 14, 2017, 03:11:17 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!
in my opinion, obviously you should save bitcoin for future purpose because of bitcoin price is going to moon. by saving more and more bitcoin, thus you will be able to millionaire and its possible if you have some knowledge about bitcoin. so don't waste or spend your bitcoin by gambling or like some thing like that
September 13, 2017, 10:35:34 AM
obviously it's better to save it but you spend what you need to to live
September 13, 2017, 10:14:22 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.
Taking risk is what makes rich people rich. If I have a lot of bitcoin I will spend some in worth buying things like house, car for me to have a service. Then I will buy share on stocks and mutual funds. Then just let my bitcoins work for themselves. And I will continue to earn.
September 13, 2017, 10:00:43 AM
If I have a lot of bitcoin in my wallet I would rather sell if the price of bitcoin is high so that I can gain a lot of profit. We can't predict what happens to bitcoin sooner or later. So as long as the price of bitcoin is high therefore you can sell it now and I believe that it is the perfect time for you to sell.
I agree. I would also sell my bitcoins if the price is high to make profit. I would then invest again, and will be waiting for the price go higher.
Everyone is doing the same they invest and sell. This is an example how you make profit in btc.
September 13, 2017, 09:56:10 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!
We all know that the bitcoin is very valuable today so it is obvious that I will save my bitcoins and I don't have a plan to spend it. If we save our bitcoins today, we will gonna have a bright future.
September 13, 2017, 07:22:30 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!
We all know that the bitcoin is very valuable today so it is obvious that I will save my bitcoins and I don't have a plan to spend it. If we save our bitcoins today, we will gonna have a bright future. September 13, 2017, 07:13:38 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.
September 13, 2017, 07:08:36 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!
Wow! how I wish that I have a lot of bitcoins now, if ever it happens of course I won't spent it, instead I will keep and save then hold it in a long term, due to the price value for now was decreased, I know and I have faith that it can resume again at the original price value or more.
September 13, 2017, 06:54:02 AM
If I have a lot of bitcoin in my wallet I would rather sell if the price of bitcoin is high so that I can gain a lot of profit. We can't predict what happens to bitcoin sooner or later. So as long as the price of bitcoin is high therefore you can sell it now and I believe that it is the perfect time for you to sell.
September 13, 2017, 06:33:48 AM
Well essentially the bitcoin is more like gold its value will keep on increasing od decreasing with the upcoming time in my opinion you should spend half of them when their value is very very high !!! And reinvest the half of the lot 😄 ...that in any case would be better than using all of them or saving all of them.
Cuz saving is..
Essentially a risky process....u never know what's gonna happen.
Why people like you think that Bitcoin's price movement is only up? Because just like now we saw a piece of how Bitcoin can fall, where the price of it reach 3854$ which is still falling until now. Making foolish assumptions like this will make your trades into a loss. Also I am not against at spending Bitcoin for profit but can you imagine the loss you will take when you lose half of your position? It will be a lot because it is your investment and based on your statement it acts like your investment and selling half of it for spending is not a good idea. Cuz saving is..
Essentially a risky process....u never know what's gonna happen.
September 13, 2017, 06:24:28 AM
save it, wait for it to increase.
That is a good suggestion.I suppose if someone has got a good number of bitcoin in the wallet, then there is always a panic among the user. This is all because of the price volatility and the negativity that people spread around the common people. Spending a part seems to be a wise decision, as there is no assurance about tomorrow.
September 13, 2017, 01:29:49 AM
Well essentially the bitcoin is more like gold its value will keep on increasing od decreasing with the upcoming time in my opinion you should spend half of them when their value is very very high !!! And reinvest the half of the lot 😄 ...that in any case would be better than using all of them or saving all of them.
Cuz saving is..
Essentially a risky process....u never know what's gonna happen.
Cuz saving is..
Essentially a risky process....u never know what's gonna happen.
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