Topic: If you have a lot of bitcoin, should you spend it or save it? - page 33. (Read 33373 times)
September 07, 2017, 02:06:43 PM
If i had a lot of bitcoin then i should save it and also should tread it. because when i get a lot of bitcoin then if i do tread to this bitcoin after that i will earn square to lot of more bitcoin. so i want to say if i had a lot of bitcoin i should save it.
September 07, 2017, 12:39:23 PM
Im assume what the Op means about A LOT are worth to Millions. 
, I will gradually turn my 100% bitcoin profit into cash were i can spend it wisely and save the rest directly to bank RATHER than holding it again for a long period of time while waiting for another skyrocket price hike.
, I will gradually turn my 100% bitcoin profit into cash were i can spend it wisely and save the rest directly to bank RATHER than holding it again for a long period of time while waiting for another skyrocket price hike.
September 07, 2017, 12:31:04 PM
My answer of whether to spend or save bitcoin would depend on my needs. If I have everything well covered for, then I would rather save it. But if I am in need, I would not hesitate to sell and spend the earnings. Afterall, it is exactly the reason why I am saving in the first place - to have backup funds in times of need.
Yes, all depends on the needs and financial status of the holder. If you have no need of money on urgent basis, then there is no need to waste your precious coins. You can hold on to them for longer time and get richer without doing any hard task. I will never ever sell my bitcoins without any emergency.
September 07, 2017, 09:40:48 AM
The best thing to do now is earn as much bitcoin as you can cause Bitcoin gonna raise up price soon, maybe 10k$ in 2018? Who know? But the only thing we know Bitcoin is our future!
September 07, 2017, 09:28:59 AM
i will be smart and made exchange site then wait tillprice down buy many btc wait till up then sell it
September 07, 2017, 08:36:15 AM
It depends on what you want to do. If you want to make fast profit than it is better to sell them and buy some altcoins. If you want to take some long run, than just keep them and get some big profit after an year or two 
If i have a lot bitcoin what should i do spend it or save it. For me both for example i have 10 bitcoin 20% is will sell it or spend and the 80% of my bitcoin is for my saving. I save more money or percent of my bitcoin because i will wait for the increase of value of bitcoin and i will use it for investment and trading on that strategy i will get more profit. September 07, 2017, 08:23:08 AM
It depends on what you want to do. If you want to make fast profit than it is better to sell them and buy some altcoins. If you want to take some long run, than just keep them and get some big profit after an year or two
If i have a lot bitcoin what should i do spend it or save it. For me both for example i have 10 bitcoin 20% is will sell it or spend and the 80% of my bitcoin is for my saving. I save more money or percent of my bitcoin because i will wait for the increase of value of bitcoin and i will use it for investment and trading on that strategy i will get more profit. 
September 07, 2017, 08:20:52 AM
With the current price today if i have a lot of Bitcoin then what i am going to do is use the 70% of that to cash out, buy new gadgets especially laptop then go on a vacation so that even if i am on vacation i can still use the 30% of the Bitcoin using my laptop.
September 07, 2017, 08:11:12 AM
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.
September 07, 2017, 07:55:09 AM
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. 
September 07, 2017, 07:49:50 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!
There are many people who said how they wished, they did not withdraw their bitcoins from their wallet a few years back , if they only know what happen to the price of bitcoin, which is getting higher and higher, they would invest much. I myself, feel this because I was one to have such bitcoins in my wallet. So it is much better to store bitcoins in the wallet and leave it for long time. September 07, 2017, 07:40:55 AM
you should probably do a mix of both... spend some, keep some
how much you keep and spend depends on your risk appetite, but it's a normal practice in the "finance world"
Google, Apple executives etc. liquidate a portion of their holdings to manage risk accordingly
how much you keep and spend depends on your risk appetite, but it's a normal practice in the "finance world"
Google, Apple executives etc. liquidate a portion of their holdings to manage risk accordingly
September 07, 2017, 07:23:44 AM
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. September 07, 2017, 07:18:01 AM
It actually depends on your current status. Well if you are earning bitcoin for a living, the you will most likely spend it for your necessities. However of you have other sources of income, and earning bitcoin is one of them or just for extra earnings, it's better to save it for future use.
September 07, 2017, 04:47:05 AM
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.
September 07, 2017, 12:11:22 AM
Bitcoin users already know that bitcoin is a very useful crypto and they will definitely save it well, spending bitcoin only for something urgent is my choice, because how also bitcoin will have a very high value in the future.
I think we should all know that we are holding bitcoin who just increase it's value this year with a good rate, some think this is a greatest investment so far therefore we also have to consider that. Of course as I supported bitcoin I also have mine for long term investment and just like smart people I would not spend if I don't need to, meaning I'll be more cautious on spending and spend only mostly on my needs. 
September 06, 2017, 10:16:47 PM
Bitcoin users already know that bitcoin is a very useful crypto and they will definitely save it well, spending bitcoin only for something urgent is my choice, because how also bitcoin will have a very high value in the future.
September 06, 2017, 10:09:40 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!
I guess it is wiser to save/continue investing your bitcoin rather than spending it and regret the next day. We never know when bitcoin will raise it's value to a much higher price than it is now, just like what happened a month ago. It is worth a try, and at the end of the day you don't have regrets. September 06, 2017, 05:09:44 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!
The answer to the title of the thread is simple if you have a lot of bitcoin then save it, but if you do not, so that should not be your main worry, your worry should be, how do I get a lot of bitcoin before it skyrockets? September 06, 2017, 12:48:01 PM
My answer of whether to spend or save bitcoin would depend on my needs. If I have everything well covered for, then I would rather save it. But if I am in need, I would not hesitate to sell and spend the earnings. Afterall, it is exactly the reason why I am saving in the first place - to have backup funds in times of need.
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