Topic: If you have a lot of bitcoin, should you spend it or save it? - page 40. (Read 33373 times)
To all the people saying they are going to save it and hold for eternity. What's the point of having a currency that no one wants to use for transactions because everyone hopes it will be worth more someday. Sadly bitcoin has become more of an asset or just speculative mean for traders, but it's initial aim was to make payments easy, secure and anonymous. This holding forever and recent price growth are becoming very dangerous and there is a chance that one day it will crash and never come back to today's high, because bitcoin is not worth this $4000 if it is not being used. Now there is a high demand for it, because people want to make an easy profit and sell it later, but there is no actual reason for the high demand because there are very few people that actually use it like a currency.
I think that bitcoin should be scared to save as long as possible, regardless of how many it is. The currency is growing very fast and brings a fantastic profit. The more coins there are, the more profits there will be in the future.
It depends on the situation for now Bitcoin is on high demands which means the price of Bitcoin increase. It is smart to save your Bitcoin when its on high demand because the value of bitcoin increase. By then lets say you bought 1BTC for $2.220 and by time for example a year the demand of Bitcoin still increasing and the value of Bitcoin that time is $3,000(assumption) then you have a $800 interest and you gain more.
I have never supported only saving or only spending Bitcoins. What purpose would this coins have if you don't use them for anything. Especialy if you have biger amount of Bitcoins you should divide them more purposes and depending on your needs and preferences put a part on saving and part for investing and spending. Only this makes sense to me.
save bitcoin for the future purposes. We do not need to spend it right now but in the future, when the price of bitcoin is extremely high, we can use our bitcoin for many personal purposes such as buy houses, raise family, buy what we need, etc. For the future purposes, I can save my bitcoin and do not spend it in at least 5 years 
To have a plan and have confidence that good against the bitcoin is indeed very good, because it certainly will give you a lot of positive impact for us. When indeed it all ends on a positive thing, it's certainly the results obtained will be good. Indeed in future bitcoin has the possibility to become larger and high in price, but it was all not completely correct, so we must continue to think and analyze at certain times to monitor what will happen and turn
If i have a lot of Bitcoin i will spend some of course to enjoy my hard work in accumulating those Bitcoin but of course i will still keep some of it to make it grow more in the future if i will be having a chance again.
I'll save it for future uses, Im quite sure that bitcoin will rose higher than ever if it bitcoin can support more transaction per seconds than visa or mastercard.
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!
Not just cents. The thing that makes a difference is how much you have or invest when you hold. Of course if you invest cents, you will gain cents. But if you try and invest thousands, you wil get thousands of profit as well. That is how investing works not just in bitcoins but in all things that people invest in. The thing is, you can also lose thousands. But any wise man will tell you that no risks no gold. But you have to choose the risks you take and weigh it all many times. Like if the profit you may get is higher than the risks or worthy of the risks you have to take.
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!
For me I have that such bitcoins I will save it until it reach up to the moon. In order to make it grow then I have to trade some of it. Bitcoin price still getting higher in value and if we save and save it we will be rich.Good luck! 
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 ever I have a lot of bitcoin, I will keep holding it for awhile, because there is a prediction and projection that by 2018 bitcoin will reach 13500$ or more, if that happen for sure new millionaires will arise in that moment. 
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.
Yes thats good thing to do. If I have also lot of bitcoin ill save the half for my future plans and ill spent the other half dor my daily needs and for the things that I want to have in my life. These two things will surely make your bitcoin worth it. I would going to invest also a little bit of it so that I have a chance to get back what I spent. It might give profit to me even small amount.
To me, if i have a lot of bitcoin, some i will spend it for needs to my life or what most i need but in the sense not to wasting it, and some i will save for my future needs in the future. On the other hand, i will also giving a charity on peoples who can't afford on their life from the results of the bitcoin i earn.
I have never supported only saving or only spending Bitcoins. What purpose would this coins have if you don't use them for anything. Especialy if you have biger amount of Bitcoins you should divide them more purposes and depending on your needs and preferences put a part on saving and part for investing and spending. Only this makes sense to me.
save bitcoin for the future purposes. We do not need to spend it right now but in the future, when the price of bitcoin is extremely high, we can use our bitcoin for many personal purposes such as buy houses, raise family, buy what we need, etc. For the future purposes, I can save my bitcoin and do not spend it in at least 5 years 
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!
Well it will still depend to you. But in my opinion, it is better to spend it or invest it to a thing that will be profitable. Seek for things that will give you profit as an investor. Make a research to somewhat lessen the risk involved on investing. Indeed its value increases just by only holding it in a period of time but in investmemt , it would be much faster for profit.I have never supported only saving or only spending Bitcoins. What purpose would this coins have if you don't use them for anything. Especialy if you have biger amount of Bitcoins you should divide them more purposes and depending on your needs and preferences put a part on saving and part for investing and spending. Only this makes sense to me.
Yes, that is what I thought as well. Just keep the half as investing and store in a safe offline wallet. And play with the other half of your stash. You can either put in back in the ecosystem by trading so that your bitcoin will be profiting more and spend just a few for your needs. It is what we learn from basic economic class, the more you buy and spend money the better for the economy. So I think this can also be apply to bitcoin. Spend your bitcoin so others can buy as well. As long as you putting back your bitcoin, the cycle will continue and the ecosystem will grow.
I have never supported only saving or only spending Bitcoins. What purpose would this coins have if you don't use them for anything. Especialy if you have biger amount of Bitcoins you should divide them more purposes and depending on your needs and preferences put a part on saving and part for investing and spending. Only this makes sense to me.
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.
Wow, surprise surprise, you had 13 cents worth bitcoin, bitcoin price went up and now you have 50 cents worth bitcoins. What do you call this?
I call it spamming forum with shitty threads. 
of course, i will save for the future purpose. I never prefer to spend Bitcoin for the fun or other purposes. I think Bitcoin is getting valuable currency day by day. now Bitcoin price is almost 4000 USD which is almost four times higher than the 6 months previous price. so it is easily understandable about its high price. so I prefer to save my Bitcoin for the future purpose.
You can do both. You should not treat Bitcoin like just an investment you should also trade it and sell ti for goods like people used gold back in the day.
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.
Wow, surprise surprise, you had 13 cents worth bitcoin, bitcoin price went up and now you have 50 cents worth bitcoins. What do you call this?
I call it spamming forum with shitty threads. 
If I had a lot of Bitcoin right now, I would spend some part of it, to contribute to the economy, while the rest will be held onto a paper wallet for the long term. The vast amount of Bitcoin that will be spent, will be used towards investing in things that will help me grow my capital over the long term.
Things like real estate, Gold, and even investing in masternodes, can help me double or triple my capital, eventually leaving me with more Bitcoins than what was initially invested.
Therefore, if you have the opportunity to get a lot of Bitcoin, spend it wisely, to help build up your way towards financial success.
Things like real estate, Gold, and even investing in masternodes, can help me double or triple my capital, eventually leaving me with more Bitcoins than what was initially invested.
Therefore, if you have the opportunity to get a lot of Bitcoin, spend it wisely, to help build up your way towards financial success.
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