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Topic: If you have a lot of bitcoin, should you spend it or save it? - page 29. (Read 33361 times)

sr. member
Activity: 364
Merit: 267
When you need it spend it, if not just save it to earn more and achieve more bitcoin.
Yes you're right I think you have the right to spend it after all it is the fruit of your effort and time but don't waste it to useless things because if it will be for nothing it is better to save it because maybe someday you will need it the most.
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
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!
You will already earn profit by just holding or saving Bitcoin because its market value or price is increasing as time is passing by. Just like in your case wherein your 13 cents became 50. But to make things clear  it is not your Bitcoin that will increase but its value. Your 2.1 Bitcoin will still be 2.1 in the future, but surely, its market value will change, because it will increase.
sr. member
Activity: 560
Merit: 257
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!
Having such a great count like that is such a blessing. If I have an amount like that I will be glad to save most of it for a good purpose and that is for future purposes. If I will save it, I will assure that I will spend it for good and that will be on investment to make my initial holdings expand into capacity which is also beneficial.
Well it is simple actually. If you have high amount of money in bitcoins, the more you hold them (if price is going up) the more you will get. So lets say you bought one bitcoin for 1000 dollars, and price rise from 1000 dollars to 2000. In that moment you made profit of 1000 dollars just by holding. But for low amount in bitcoins it does not pay that well. For lower amount best option would be to trade them over and over and made profit from that. But at the end everything would be spent so... Cheesy
full member
Activity: 208
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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!
Having such a great count like that is such a blessing. If I have an amount like that I will be glad to save most of it for a good purpose and that is for future purposes. If I will save it, I will assure that I will spend it for good and that will be on investment to make my initial holdings expand into capacity which is also beneficial.
member
Activity: 67
Merit: 10
I think should do both, Save it as much as you can so it will be helpful in future when required. Spend little amount from saved ones in different projects so can take chance of win or lose and have fun with it.
full member
Activity: 532
Merit: 100
Of course, I will spend it. I don't want to end up dying saving many btc for long and will not experience the fruit of all my hardwork.
full member
Activity: 322
Merit: 110
elysian.finance
When you need it spend it, if not just save it to earn more and achieve more bitcoin.
jr. member
Activity: 52
Merit: 10
will be smart and try to save 30% and invest 40% and use 50% ( exchange it to $)
sr. member
Activity: 518
Merit: 250
of course I will save and hold it for the next few years as a future investment, because I am sure from time to time the progress of bitcoin will continue to increase.
member
Activity: 84
Merit: 10
We should save bitcoin if we have a lot of it but we can spend some of it in a limited amount.
full member
Activity: 760
Merit: 109
PredX - AI-Powered Prediction Market
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!

Its happened due to a lot of people are start to using bitcoin and nowadays   bitcoin is getting more popular than before.  And  secondly,  2.1 BTC is not a big amount of Our life. So i would  like to save something and want to trade with other  extinction bitcoin so that i can earn more bitcoin.  Besides if i have 20BTC when i would like to spend... 
hero member
Activity: 910
Merit: 509
i think it will better if we are save it and just hold our bitcoin rather than spend it because if we want to sell in high price then we need to waiting until the price is increase into the price we want. but if we are in emergency situations that we really need money then we can exchange our bitcoin and then we can use the money for what we need.
If you are really solely targeting on having just a savings for emergency purposes on bitcoin then its still a good choice but if we do have time or chance on making more bitcoins then we should do it.Saving it together with investing is really good combination which you can really extent on your savings and at the same time you are earning more knowing bitcoin do really increase its value as the years pass by.
Agreed! All depends on the current financial condition of the investor. If you are not in need of money on urgent basis and that too in big amount, there is no need to cash out bitcoins for fun.

Cashing out bitcoins means you are killing an opportunity of getting richer. But yes, if money is needed spend your bitcoins.
hero member
Activity: 714
Merit: 500
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!
That's the beauty of bitcoin.It is the reason for which bitcoin has become the center of attraction all over the world.Bitcoin price was just $650 an year ago and now its almost seven times increased reaching $4,287.We could not expect such a huge return from any asset in such a small period of time.But investment in bitcoin should be made in a long term basis and short term benefits could not be expected.Bitcoin price may seem volatile.But if you observe its previous price history,you could see that bitcoin has not disappointed its investors any time except weak hands who would have sold their bitcoins in panic.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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 will definitely choose to save it than to invest it. Investment involves risk, so therefore there's a possibility of lossing your money. Since the market value of Bitcoin is continuously increasing as years and time is passing by, deoending on the market demand, holding you bitcoin will already give you profit. Which is way less risky than investing. Also, the profit that you will get will also be high, as bitcoin is being more expensive, the profit will also be high.
member
Activity: 72
Merit: 10
If I have a lot of money in my bitcoin wallet. I think I don't spend it that much,
I saved it for some causeor other fees much better. I will make it grow so I can by anything I want if I save more money.
full member
Activity: 150
Merit: 100
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!
Possibly if I have lots of bitcoin just like what you have, I will surely save it since I have already know the fact that by just simply saving my bitcoin earnings, I can already gain a profit from my initial earning that I have. If I will going to spend it, I will surely spend only some and just to use it for investments that I am sure and trusted to gain an income or profit that will add up into my bitcoin earning.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue Cheesy

Yeah it seems that you are right because it is better to save our bitcoins to spend it. We can see the good progress of the bitcoin in the cryptocurrency world and I can say that the bitcoin is really good for investment. I predict that the bitcoin will become more valuable than before.
Bitcoin will become more valuable in the future because it is now getting better and better and a lot of people are now using bitcoin because they also realized that this is a great opportunity to grab and they don't want to lose the opportunity and that is what their mindset is so the demand is expected to go up and the price will also going to pump in the future.
full member
Activity: 434
Merit: 117
I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue Cheesy

Yeah it seems that you are right because it is better to save our bitcoins to spend it. We can see the good progress of the bitcoin in the cryptocurrency world and I can say that the bitcoin is really good for investment. I predict that the bitcoin will become more valuable than before.
full member
Activity: 798
Merit: 104
I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue Cheesy
full member
Activity: 308
Merit: 108
I think if I would have a lot of bitcoin, I would save it first because there's a possibility that the value of bitcoin will grow bigger and it will be better if you would cash out only the value you needed so the others will have a possibility to be bigger. If you prefer spending, then you won't have the chance to get bigger amount of bitcoins.
 
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