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Topic: If you have a lot of bitcoin, should you spend it or save it? - page 31. (Read 33373 times)

full member
Activity: 459
Merit: 104
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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
i think if we are saving or spending, its not be a problem as we have a lot of bitcoin but it will be wise if we can save the most amount of our bitcoin so we can prepare for our future and our kids. but if we want to spending, my suggestion is we don't have to spend in big amount and only enough for what we want to buy or spend. leave the most amount of our bitcoin in our wallet so in case the price is increase, we can sell it right away.
full member
Activity: 250
Merit: 105
If I have a lot of bitcoin, of course I will save it. But not all of it, I will also spend some for my enjoyment. Its not bad to spend some, you must have limitations in spending to avoid losing all of it.
full member
Activity: 2548
Merit: 217
if i have a lot of bitcoin i will save the 60% of them to my wallet and the others i spent to buy my dream car and to travel with my family out of town spending time them to bonding my family and i use bitcoin as my expenses.
sr. member
Activity: 336
Merit: 250
If I have a lot of bitcoin I will not prefer to spend it right now and will save for the future as the price of bitcoins is going higher now and in future it rise more when the demand goes higher so to get more profits I will hold now and will start spending when price reaches to at least 10000 usd.
copper member
Activity: 383
Merit: 100
partly I save as a future asset the rest of his make to everyday needs
full member
Activity: 224
Merit: 121
of course if have a lot of bitcoin i will save it because its increasing day by day and so that i can have much more money.
Just like you if i have a lot bitcoin i would save it for the future of my family.if there is an emengency expenses i have a money inside my pocket or i would invest to make it high because we do not when bitcoin price will increase.
sr. member
Activity: 644
Merit: 261
If I will have a lot of bitcoin, I will do both, I will spend some of it and I will save some of it. If I will save some of it there is a possibility that it will increase, so I can spend again some of it, if that will happen. Grin
But of course it is better to save all of it than spending it.

I will spend some but not just for things that are not important but in order for me to start another business to have multiple sources of income. It's important that I have another source because bitcoin is so volatile and we saw it recently that even if a news or rumor is true or false, many people will react thus affect the bitcoin price so I need a source of income that is somewhat stable in value.

I will save the remaining bitcoin because even if its price is not stable, it is slowly becoming popular and a strong demand means a higher price due to its limited supply. We can see a correction from time to time because what goes up must come down but then after the correction, it would continue to go up and its a good long term investment.
hero member
Activity: 1078
Merit: 501
If I will have a lot of bitcoin, I will do both, I will spend some of it and I will save some of it. If I will save some of it there is a possibility that it will increase, so I can spend again some of it, if that will happen. Grin
But of course it is better to save all of it than spending it.
newbie
Activity: 23
Merit: 0
Having such a great count like that is a very amazing thing to think of. Ofcourse having a great count of bitcoin like that will push you to start being wise and knowing how you can let it stay for a long period of time. Saving will be a great thing or let us just say the best thing to do to be able to make your bitcoin last but saving will not just be a way to make your money grow because waiting or just holding it for a long period of time is like waiting for a tree to grow though worth a wait, we cannot still assure if the flow in the market is always on pump so to be able to add your gain, you must take a risk to spend it on useful thing such as investing into a beneficiary thing that you think can add up your current state of money.
full member
Activity: 812
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!
I think you need to explore your skills in trading to earn big profit because if you always hold your bitcoin its nothing happen it will be stock in that amount.
sr. member
Activity: 643
Merit: 253
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.
full member
Activity: 651
Merit: 103
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.
sr. member
Activity: 672
Merit: 250
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 t You could possibly deal with both because it is a good thing to decide what on you mind and regarding your needs and wants.hem in trading.
It is a good thing to deal on your need and wants becasue it could actually give you an opportunity to earn.
hero member
Activity: 644
Merit: 500
If I had like a 1000 bitcoin to work with I would probably ATLEAST save 50% of the total. I would invest some in real estate as a long term real life investment (25% roughly) . And I would get rid of any open debts and invest in a personal home etc. I think that would make up for 10-25% of the bitcoin (probably 10% because I don't like spending bitcoin). With the remainder of the bitcoin I would invest in altcoins or a promising well established ico for quick and high returns on my investment.
I will second you. You will hardly get any benefit by spending your Bitcoin in present days. You need to be smart and think in a way which will give you more benefit. I think it is keeping the Bitcoins which will make you earn more money and will give you more profit as compared to just selling them.
hero member
Activity: 560
Merit: 500
If your question is as simple as it seems, and of course you should save it. For the rest of this year probably all of next year you can pretty much guarantee that the price of Bitcoin is not going anywhere but up. Now if you're looking at a very short-term period It is possible that a dip could cost you money. But if you're looking at even a 60-day period Then there's no reason at all why you should hold on to turquoise versus getting rid of them.
member
Activity: 353
Merit: 12
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!

Sir first of all there is no problem in spending or saving bitcoin and it really depends on your decision. We just have to make the best move. We must make sure that if we spend it, we really need to spend it because money is very important.
hero member
Activity: 737
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!
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.
I think depend your case when decided spend or save our 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.
full member
Activity: 658
Merit: 103
If I have many bitcoins, I will save it. I will sell it in the future if the price of the bitcoin become $20000 per each. I know that is possible because the bitcoin is now strong and powerful nowadays and it will gain more power in this following years.
sr. member
Activity: 294
Merit: 252
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!
Hey its up to you if you can really hold bitcoins for a long time then maybe you can be rich someday ad if you cannot afford to hold it then you will spend that bitcoin like buying for something. For me, it is good to hold bitcoins in the wallet and let it stay for a long time, forget it and check it after 3 to 5 years round then you can see the greatest gift there!
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