If you have a lot of bitcoin, should you spend it or save it? - page 36.

revinvested

newbie

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Well if you really have a lot of BTC in your wallet, in my opinion the best thing you can do is to save at least 50% of it for future.. price will go UP ofc

(I would save around 75%) talking about saving 50%, next 25% I would invest in ICOs.. but really into those that deserve my money.. not every other shitcoin ICO.. rest 25%.. withdraw and enjoy it irl.. the best thing you can do.. by the matter of the time.. that 25% loss will be cleared with your ICO profits + BTC value rising.

eleah24

member

Activity: 113

Merit: 100

Well, if I have a lot of Bitcoin in my BTC wallet, and I don't have important things to spend my Bitcoin, I would not spend it and just save it for future purposes. Because if we spend and spend our BTC and did not make use of it wisely, it is like throwing a piece of genuine jewelry in the trashcan. We should always think of being wise on things that we do. We should spend wisely.

Wingo

full member

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Save it. The price is going high everytime, it needs patience. You can spend it on an investment just if you are sure that it will earn profit.

janeparamas

sr. member

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

If you don't spend it until now, your bitcoins now will go up not a few cents but a few hundred dollars right now! 2.1 BTC is a big amount right now, i think it's better split into half, half for saving and half for spend it. If it were me, i will save it some and i use the rest to trading and investing.

Nasty23

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★Bitvest.io★ Play Plinko or Invest!

Quote from: LordDisick on August 31, 2017, 11:03:07 PM

If i have a lot of bitcoin as in A LOT i will spend the 30 percent of it and save the remaining 70 percent. The good thing about bitcoin is the more you save or invest on it the more returns you will get. But ofcourse we cannot predict anything what if there is an emergency and i really need money so that 30 percent is reserved for emergency use in my own opinion.

Yes I also do that idea that save or invest atleast 70% of my bitcoin because I'm sure that when I hold bitcoin it's value also grow even I holding it. The remaining percent of my bitcoin will go to my budget for daily expenses and others are go for trading in order to gain more income.

LordDisick

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If i have a lot of bitcoin as in A LOT i will spend the 30 percent of it and save the remaining 70 percent. The good thing about bitcoin is the more you save or invest on it the more returns you will get. But ofcourse we cannot predict anything what if there is an emergency and i really need money so that 30 percent is reserved for emergency use in my own opinion.

FLoving

hero member

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Quote from: Haynes on August 31, 2017, 02:33:33 AM

For me, saving is the best choice. because I myself have a dream. if someday fulfilled I want to go to Mecca to fulfill obligation as an ummah of Islam. and I'm sure the money from these bitcoins will be more useful if used for good.

What a nice and beautiful desire you have! May Allah really help you to make your dream come true! This would be the best ever use of the bitcoins. Just stay stick to your dream and soon you will be in MECCA performing Hajj.

Silvercell

sr. member

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if I have a lot of bitcoin, all I will do is invest half of my funds to open a business, and half of it I will trade on bittrex

Obito

sr. member

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

Definitely yes, even though you save your btc in your wallet it can till grow up more than a cent. Since bitcoin is volatile, your holdings could grow up into a enormous amount in a long period of time. But with that amount of money you could spend it to gain profit via running a business so that while waiting for the pump of bitcoin you could earn profit from your business.

Lyancy001

full member

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I should probably spend it, otherwise, maybe its value is going to fade someday. But who knows?

Webetcoins

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Leading Crypto Sports Betting & Casino Platform

Quote from: audrey12 on August 29, 2017, 11:31:59 PM

If I would have many bitcoin I will open up a business so I can keep my earnings growing and also I will still invest in bitcoin because for sure it will pump in the coming years.

Nice plans you have with bitcoins. Starting business with the profit earned from bitcoins is a smart decision. In this way, you can have source of funding bitcoins and earning a lot more money from bitcoins. I am also looking forward to open up some restaurant because food is something that is required all the time.

n691309

legendary

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

From my experience until now I have been in conclusion that the best investment in the crypto world is investing in bitcoin and holding them, I tried many different coins to exchange and trade, of course it has its ups and downs but recently I got in a big trouble investing mostly all my money in altcoins and with the recent bitcoin price increase I'm in a big loss because of the low exchange rate.

TanClan98

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Quote from: Armstand on August 31, 2017, 05:25:03 AM

Quote from: Vika0170 on August 31, 2017, 04:55:52 AM

Bitcoin should be tried to preserve, because the longer we retain it, the more profit it brings to us. I spend my coins only as a last resort when I do not have enough money.

It is truly a good way for investment if we don'tbwant to take risk in investing or trading. Hilding it for long can make it increase in time. But it will still be better to do some investing and trading to add more savings for future.

Well no one knows when BTC will increse or decrease. But if you want to increase your bitcoins will time to time you need to be updated and guard it. If I have 2.1 Bitcoins I well guard it as soon as it goes up I will immediately trade it and save it to a my bank account savings. In the other hand why invest it (not at ICO campaigns) at food chain or company's that has high and increasing good profits go with it. Your 2.1 BTC in my country is worth 502,109.82 PHP and I am half rich and ready to invest in ICO and companies here in my country and play games to gamble it why not do that? Who knows you will be a future billionaire but if you are already well you will be much more richer.

You subject question my answer is spend and save that kind of will help me in my daily life.

Armstand

hero member

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Quote from: Vika0170 on August 31, 2017, 04:55:52 AM

Bitcoin should be tried to preserve, because the longer we retain it, the more profit it brings to us. I spend my coins only as a last resort when I do not have enough money.

It is truly a good way for investment if we don'tbwant to take risk in investing or trading. Hilding it for long can make it increase in time. But it will still be better to do some investing and trading to add more savings for future.

Vika0170

full member

Activity: 280

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Bitcoin should be tried to preserve, because the longer we retain it, the more profit it brings to us. I spend my coins only as a last resort when I do not have enough money.

abilarde

jr. member

Activity: 47

Merit: 10

Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

If i have a lot of bitcoin the first thing that i going to do is to help to the poor people. This is what i want to do because as i can see many people are dont have enough income or we can say totally nothing. And some of my bitcoin is im going to save it

poplolnman

legendary

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Quote from: glowing10 on August 31, 2017, 02:15:57 AM

If there is abundant btc available with me then for some of the btc I will sell it and lead a luxury lifestyle and fulfill some of those dreams. Few of them will convert to some altcoins and invest in good and upcoming ICO . Few will hold it as btc price is increasing and hold it till the crash starts.

Rest will sell as and when required to meet daily expenses and pay the monthly bills .

this is the ordinary mindset. let's think out of the box and be different . you would successful. do the opposite of what everyone else is doing and stand out! but keep being you. that's what the real billionaire doing. so when everyone think and interested to sell their bitcin , you better hold it a little longer and see what would happened.

Finestream

hero member

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Quote from: Haynes on August 31, 2017, 02:33:33 AM

For me, saving is the best choice. because I myself have a dream. if someday fulfilled I want to go to Mecca to fulfill obligation as an ummah of Islam. and I'm sure the money from these bitcoins will be more useful if used for good.

We should know what is enough, we cannot just save every bitcoin we have as anytime the market could collapse and all our effort will be gone.
Although I am one of the biggest supporter of bitcoin but I do manage to put only a certain percentage of my investment portfolio, that's basic when you are investing in order o minimize the risk, we have to learn how to diversify our investment and should be in different business or industry.

Haynes

full member

Activity: 518

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For me, saving is the best choice. because I myself have a dream. if someday fulfilled I want to go to Mecca to fulfill obligation as an ummah of Islam. and I'm sure the money from these bitcoins will be more useful if used for good.

glowing10

full member

Activity: 812

Merit: 142

If there is abundant btc available with me then for some of the btc I will sell it and lead a luxury lifestyle and fulfill some of those dreams. Few of them will convert to some altcoins and invest in good and upcoming ICO . Few will hold it as btc price is increasing and hold it till the crash starts.

Rest will sell as and when required to meet daily expenses and pay the monthly bills .

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