If you have a lot of bitcoin, should you spend it or save it? - page 42.

reflector

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Quote from: gabmen on August 24, 2017, 06:35:52 AM

Quote from: Shiller2009 on August 24, 2017, 06:26:34 AM

I think that bitcoin should be tried to save regardless of its quantity, because it will bring even more profit than to spend it on some pleasures. I plan to increase the number of my coins for a good profit in the future.

That's a good plan but if in case situations arise when you'll be in need of money, don't hesitate to sell your btcs. Saving is important and its highly advisable to do so but sometimes you have to compromise like for emergencies.

Now fees big head ache who ever wish to sell the bitcoin to exchange it fiat currency. At least we need to save the bitcoin for a month of time and sell it out. Frank fact holding bitcoins will work more than anything.

Valentina N

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I am not expert but I see normal and good positive vibrations about bitcoins. What I mean? If I had that amount of bitcoins then Ill hold it because I thing soon or not price of bitcoin will growth up because a lot people start use this kind of currency and I think it cannot be stopped easily. But there is and another part of earnings if you hold BTC then this amount work on you but as background mode not like you can get cash right not it's long terms investitions. But in general only you can decide what and how you need to do. Goog luck!

19Nov16

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I'll keep keep, I'm sure this year's bitcoin price will reach at least $ 5000, so if I'm spending of course I'll regret it as the price keeps going up.

Jessy Mediola

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Quote from: choppork on June 27, 2017, 11:27:18 AM

I will just save it. Hold it long term. As long as there's no reason for me to spend it, I will keep on saving it. I know that your hand is getting itchy and you want to spend all of your money at once. You might want to even buy the things that you wanted for so long. Sure, you can do that. But you will regret it later when the price of bitcoin starts to increase. You will think to yourself, "I could have bought better gadgets if I cashed out now instead."

It's always a good thing to travel, buy things that you want, or do whatever you want with your money. But I wouldn't do that with my bitcoins. I'm always thinking that if I had cash instead, I will recklessly spend it because I don't have to think about the value of the money that I'm using to increase in the future.

With that, what I do is that I cash out 0.1BTC worth of cash whenever there's a major price increase. Just so I can buy the things and foods that I want every now and then. I don't want to just keep on earning and saving and ending up never getting to use the money that I spent a lot of time on to earn.

I will spend it for my daily needs like food,clothes etc. And also for the gadgets that i want. I want to buy new phone that has amazing specifications. And a computer also that is high quality. But if there is nothing that is need to spend with. I will save it for the sake of my future expenses.

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Quote from: iMark on August 24, 2017, 07:18:05 AM

Quote from: ethereumhunter on August 23, 2017, 10:01:54 PM

Quote from: loading... on August 23, 2017, 09:56:18 PM

Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income.

i agree with you. if we can save, its good for us in future and beside that, while we are save, we can spend it for buying something we want like buying food, drink or else. but we don't need to spend for buying stuff that is not really necessary. it is our jobs and our responsible to manage our bitcoin so we can do both like above me said and in future, if bitcoin price is increase while we have a lot of bitcoin, we can cash out to buy something bigger with that money.

Not just financial management is important. But managing bitcoin is also important. If you have some bitcoin of course first allocate most of your bitcoin you got in storage/saving. Because this is the most important thing for your future. Then allocate a few percent to grow, and the rest is possible to spend

Well that's true. Make a better calculation and diversify the number of bitcoin. This will let the user have a good profiting and benefits using bitcoin. Just hold certain volume into cold storage as a long term asset. With the rest try to make the best profit as based on the investment the user gets profited.

ged00u

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Quote from: sunsilk on August 24, 2017, 01:55:10 AM

Holding 2.1 bitcoins is a good decision actually I'm holding almost exact amount though I spent more of my bitcoins for buying things that I need.

I have this amount for just holding it and I don't have any plans on using them for awhile, right now the thing is that I wanted to add some more amount with my total holdings.

But it's hard to do it so.

keep holding bro. I do not think that it is a good idea to spend bitcoin right now. Bitcoin needs to be hold and in the future, it will give you a good profit. AS you can see. The price of bitcoin always goes up. That is why people are holding bitcoin

iMark

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Quote from: ethereumhunter on August 23, 2017, 10:01:54 PM

Quote from: loading... on August 23, 2017, 09:56:18 PM

Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income.

i agree with you. if we can save, its good for us in future and beside that, while we are save, we can spend it for buying something we want like buying food, drink or else. but we don't need to spend for buying stuff that is not really necessary. it is our jobs and our responsible to manage our bitcoin so we can do both like above me said and in future, if bitcoin price is increase while we have a lot of bitcoin, we can cash out to buy something bigger with that money.

Not just financial management is important. But managing bitcoin is also important. If you have some bitcoin of course first allocate most of your bitcoin you got in storage/saving. Because this is the most important thing for your future. Then allocate a few percent to grow, and the rest is possible to spend

gabmen

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Quote from: Shiller2009 on August 24, 2017, 06:26:34 AM

I think that bitcoin should be tried to save regardless of its quantity, because it will bring even more profit than to spend it on some pleasures. I plan to increase the number of my coins for a good profit in the future.

That's a good plan but if in case situations arise when you'll be in need of money, don't hesitate to sell your btcs. Saving is important and its highly advisable to do so but sometimes you have to compromise like for emergencies.

Theb

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Quote from: Sled on August 24, 2017, 06:17:27 AM

Quote from: Arahara0230 on August 24, 2017, 04:18:51 AM

If I have a lit of bitcoins, I will spend some of it for my family 's financial needs and save the others or invest it on a small business

I will do the same like you because the needs are necessary and very important for us to get and because of the needs we can live life without worrying. Investing into a small business is a good choice also because it will help us to earn more money aside from bitcoin and we can get the needed money for our family from that and not in bitcoin so we are able to save more bitcoin.

This is a good idea providing yourself a list of the breakdown of your planned expenses is a good idea, financial planning is actually needed in order for you to experience what they called "financial freedom". But does your family really depend on Bitcoin alone? Because just by reading your post I think that Bitcoin is your main income? If so where is your main source of earning that kind of money?

Shiller2009

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I think that bitcoin should be tried to save regardless of its quantity, because it will bring even more profit than to spend it on some pleasures. I plan to increase the number of my coins for a good profit in the future.

Sled

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Quote from: Arahara0230 on August 24, 2017, 04:18:51 AM

If I have a lit of bitcoins, I will spend some of it for my family 's financial needs and save the others or invest it on a small business

I will do the same like you because the needs are necessary and very important for us to get and because of the needs we can live life without worrying. Investing into a small business is a good choice also because it will help us to earn more money aside from bitcoin and we can get the needed money for our family from that and not in bitcoin so we are able to save more bitcoin.

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If I have a lit of bitcoins, I will spend some of it for my family 's financial needs and save the others or invest it on a small business

Ararbermas

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For me both. Cause i think if i have a lot of bitcoin then i need to spend it in a good ways like make a business where can i get some cash on my daily needed. So that i can multiply my earning. Or save it on my wallet in a long term then wait until the bitcoin price will go higher then sell. . Dont spend your money for nothing..make some things that can make you better on the future. .

Finestream

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Quote from: omonuyak on August 24, 2017, 02:13:14 AM

I think if I have much money I would save my bitcoin instead of spending it. We should learn to save because the wise man said " if you can not save money the seed of greatness is not in you" I think we should cultivate the habit of saving in other to prosper in future and we must know that we need money from our savings in other to make money in future.

I think that's the best think to do but only if you are still not satisfied with your money.
The problem with us is if we are greedy, we will never find through happiness if we will not gonna be satisfied with what we have. Honestly, I am also looking for a bigger amount of bitcoin although I hold a decent amount now, maybe if I have like 500 bitcoins now in my wallet I will stop searching and just relax and enjoy my life, besides it will grow it's value overtime so I am already insured this way.

omonuyak

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I think if I have much money I would save my bitcoin instead of spending it. We should learn to save because the wise man said " if you can not save money the seed of greatness is not in you" I think we should cultivate the habit of saving in other to prosper in future and we must know that we need money from our savings in other to make money in future.

sunsilk

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Holding 2.1 bitcoins is a good decision actually I'm holding almost exact amount though I spent more of my bitcoins for buying things that I need.

I have this amount for just holding it and I don't have any plans on using them for awhile, right now the thing is that I wanted to add some more amount with my total holdings.

But it's hard to do it so.

Bitmedrano040117

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Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

Well that good, it means you already have profit. But still up to you if you want to sell it or not. Because if ever I have 1BTC or more I won't spend it instead I will still hold it until it reach the amount of bitcoin which is 10, 000$ and up then I will sell some of my bitcoin once it happens.

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Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

Absolutely it will surely increase its value as well as the profit that will be eaned from it. It is normal since the price of Bitcoin depends on its market demand and its value changes from time to time. It is part of Bitcoin's volatility which is a sudden change on its value time after time. Im glad that you earn from it. If you will hold it for a bit longer, surely, its value will increase and also the profit that will be earned from it.

ethereumhunter

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Quote from: loading... on August 23, 2017, 09:56:18 PM

Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income.

i agree with you. if we can save, its good for us in future and beside that, while we are save, we can spend it for buying something we want like buying food, drink or else. but we don't need to spend for buying stuff that is not really necessary. it is our jobs and our responsible to manage our bitcoin so we can do both like above me said and in future, if bitcoin price is increase while we have a lot of bitcoin, we can cash out to buy something bigger with that money.

loading...

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Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income.

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