Topic: If you have a lot of bitcoin, should you spend it or save it? - page 30. (Read 33373 times)
September 11, 2017, 06:33:02 PM
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.
September 11, 2017, 03:28:44 PM
save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.
Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.You raised a valid pont in your argument but permit me to disagree with you on the bolded part. We tend to always think that bitcoin will forever continue to rise in price perpetually. Remember that life is full of ups and downs and that nothing in life is so certain that it can be doubted. The price of Bitcoin can crash tomorrow or bitcoin faces the China issue and be outlawed like the ICOs are now. If that happens, that means all investments in bitcoin will become worthless.
save it, wait for it to increase.
I sincerely hope you have got your shock absorber on so that when the price comes plunging you won't break a neck. 
September 11, 2017, 03:22:04 PM
Of course saving it would be the most logically thing to do as bitcoin's market is volatile and unstable therefore it's price maybe became many times what it is today on future so saving is the most profitable way to use bitcoins.Bitcoins are great long term based investment in which you should have patience and fairy in bitcoins that it will rise.
i think yes saving is the best option, and specially when we are much confident about the increase in the price of bitcoin, but i think that if you feel the need to spend some bitcoins then you should go for that, because we earn money to spend it and if we are only keep it and saving it then there is no use of it to save it, then no need to increase our assets. September 11, 2017, 03:08:06 PM
Of course saving it would be the most logically thing to do as bitcoin's market is volatile and unstable therefore it's price maybe became many times what it is today on future so saving is the most profitable way to use bitcoins.Bitcoins are great long term based investment in which you should have patience and fairy in bitcoins that it will rise.
September 11, 2017, 02:25:43 PM
save it, wait for it to increase.
September 11, 2017, 12:58:48 PM
save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.
Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.
September 11, 2017, 12:56:16 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!
If i have a bitcoin i will save it, we all know that the price of bitcoin is constantly rising so we just wait for the right opportunity to sell it.
September 11, 2017, 12:13:10 PM
If I have lot of bitcoin in my wallet then I won't hesitate in spending some of them when I am in need of money and most of them I will save for the future and use of them in trade and investment to grow my bitcoins in long term so even if I spend them sometimes I always have an chance to recover them back by investing them in trading.
In some cases we tend to spend our Bitcoin in terms of transaction, payments or even in necessary things. Yet we should look for a better way for us to used our Bitcoins. If we will look ways for us to earn one of the nest option is on holding , investments and trading that could actually help us to earn more and to gain more profit compare on just spending our Bitcoin on unnecessary things. September 11, 2017, 11:54:18 AM
Yeah , bitcoin has come along way and still going strong but not is impossible. Impossibilities makes life what it is. Ethereum and other promising crytos are really giving a fight.
September 11, 2017, 11:19:33 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 will spend some if it but i will save or invest the remaining. It is because if you just spend all of it, nothing will remain to you. You will start earning again through small amounts. But if you save half or some if your bitcoins and invest it, you will have continuos generation of bitcoin. Just be wise managing your own bitcoin.You have to remember, the potential of Bitcoin is unknown, because it created by the faith in Bitcoin community.
The faith can be changes anytime, of course in someday this faith can changes to other cryptocurrency or asset is possible.
September 11, 2017, 10:26:55 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!
The best thing for you to hold in your wallet because holding bitcoin for long term is a better way to make money .But if you are not happy to make slow profit then my suggestion for you to trade with this coin .I mean to say that you can use it to buy another altcoins and then sell for btc at high rate .
In this field numbers of the coins are available to buy but also few of them are better for long term .
Like you can buy bch ( bitcoin cash) , ETH ( Etherium coin ) , ETC ( Etherium classic ) , DGB ( Digibyte coin ) , SC ( sia coin ) , BSD coin .
These are those coins which are better to buy currently and you can make profit probably in 4-5 months easily by 40-50% easily .
And if you want still want make profit then make investment in small small amounts in different different sites like bitconnect.co cryptoinbox.com ( since these are not legit site , paying currently but will be scam once surely ) .
September 11, 2017, 05:36:14 AM
save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.
Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.
September 11, 2017, 05:35:48 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 many bitcoins I will spend some but most of it I will save for my future because bitcoin price is getting higher so we have the chance to be rich someday if we hold it.
September 11, 2017, 05:34:35 AM
I'm a physicist and I can say that there is a famous principle in physics, that can be followen in the real life, also when it comes to bitcoin. This principle says that a quantity less that 1/10 (or 0.1) from the total quantity can be neglected. So my advice for you is to spend 1/10 from the total increase in value while keeping the remaining 9/10. This will be sufficient for your wealth to be guaranteed.
Yes, this is a good scheme. It is stupid to keep coins permanently and not to use even a little profit for your needs. You need to spend a small part on yourself to enjoy profit.
September 11, 2017, 05:28:36 AM
save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.
Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin. September 11, 2017, 03:33:19 AM
save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.
September 11, 2017, 03:27:51 AM
I would say spend some to have money and invest that money in other coins like one coin or alt coin and keep some for the future to sell them when they are as high like never before. And now just sell some like 1 or 2 if you have like 10 or 20 it wont be a very big difference for you would it?
September 11, 2017, 03:00:44 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!
That good Idea, even you are not using your bitcoin, in many ways here to earn more you will have profit. Maybe you can ask how? Bitcoin price is not a fix price it will change, and change daily and monthly its able to rise, and if you are holding big amount of bitcoin and you want to earn what you have later you are able to sold your bitcoin to bank money and because of it you have a profit cause of higher price of bitcoin. Its easy right?
September 11, 2017, 01:46:11 AM
if this bitcoins are extra money will start to
50% save it
50% exchange it to other alt-coin
50% save it
50% exchange it to other alt-coin
September 11, 2017, 12:54:55 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!
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.
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