If you have a lot of bitcoin, should you spend it or save it? - page 47.

teamcryptonator

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Quote from: SirLancelot on August 09, 2017, 11:26:41 AM

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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 i have a lot of bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

Why wouldn't you save your Bitcoin instead of opening a business? Bitcoin value doubles each year... I doubt your business would be able to make that amount. You would probably make more just holding.
What kind of business would you open anyway? I think there is tons of potential for Bitcoin businesses as it is so new.

No one can be sure the price of bitcoin will continue to double every year as you say, it has certain risks. In addition, at present, the price of bitcoin is very high and if we continue to save it, the profit is not too big in the future. The best is that we should save some Bitcoin then use the rest to build a career, creating a solid foundation for our future, that would be better for us. Career stability is better than a risky investment

That's true. Assuming bitcoin price will continuously rise is wrong here. Everboydy should determine a price to leave bitcoin to realize his profits. This profit realization point can be arond $5.000 or $10.000 but there should be an exact number. Holding it forever does not provide us benefit.

I don't think so there is anything wrong in holding Bitcoin forever. Experts know that bitcoins are going to rise further in the coming years. Those who will keep holding to their bitcoins will definitely be on the top of world in the coming decade. You should not doubt the potential of Bitcoins.

Experts not is God, their predict will be wrong when the emotion of trader on market changes. So don't let some predict of them make you believe 100% the future of Bitcoin, Bitcoin is virtual asset, not like other asset in outside as Gold, Real Estate or FIAT.

Bingooop

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Quote from: nightxglow on August 04, 2017, 11:42:57 AM

I will do both, spend and save it. I need money so i will sell my bitcoin and use it for my needs, but i won't spend all of them.
Bitcoin price keeps increasing, so it'll be a fool decision to spend all of them. I will keep it and wait until the price is high. Maybe i'll consider to sell it, or just keep it again lol.
And also, maybe i'll sell my btc and wait until the price get lower, and buy more bitcoin with my money and keep it again so i'll gain more profit.

Yes it's correct but probably it must not be so sure about the topic because anyone can do anything without any effort so it's all because of luck

Bingooop

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Quote from: darthmaul on June 27, 2017, 11:22:52 AM

This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.

Well maybe anyone's mind would have to spend them but maybe if the bitcoins value increases after some time ur mind would get so deep hurt so to save it is the best option for future use

andycarrol

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If you still hold until now, congratulations you've got a lot of profit. my suggestion you can sell a part before prices down again, if it's down then you can buy more at a low price

albert11

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If you have a lots of bitcoins HOLD IT. Since you see the value going up now you know what happened if you hold. And if you spend for what ?
for chilling or other else if that is not important Save it and Hold it your BTC. i know its hard to be patience when it comes to money but if the future there will be a biggest return. Think that always

Nivir

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If I had lots of bitcoin of course I would spend some to reward myself and most of it will be kept somewhere very safe and hold them for a couple of years and hopefully I could pass some of it to my kids and grand kids.

SirLancelot

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Quote from: Proximity Scan on August 08, 2017, 12:35:18 PM

Quote from: geegaw on August 06, 2017, 09:06:59 AM

Quote from: skyline247 on August 04, 2017, 01:30:51 PM

Quote from: agentx44 on August 04, 2017, 01:26:23 PM

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 bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

Why wouldn't you save your Bitcoin instead of opening a business? Bitcoin value doubles each year... I doubt your business would be able to make that amount. You would probably make more just holding.
What kind of business would you open anyway? I think there is tons of potential for Bitcoin businesses as it is so new.

No one can be sure the price of bitcoin will continue to double every year as you say, it has certain risks. In addition, at present, the price of bitcoin is very high and if we continue to save it, the profit is not too big in the future. The best is that we should save some Bitcoin then use the rest to build a career, creating a solid foundation for our future, that would be better for us. Career stability is better than a risky investment

That's true. Assuming bitcoin price will continuously rise is wrong here. Everboydy should determine a price to leave bitcoin to realize his profits. This profit realization point can be arond $5.000 or $10.000 but there should be an exact number. Holding it forever does not provide us benefit.

I don't think so there is anything wrong in holding Bitcoin forever. Experts know that bitcoins are going to rise further in the coming years. Those who will keep holding to their bitcoins will definitely be on the top of world in the coming decade. You should not doubt the potential of Bitcoins.

Proximity Scan

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Quote from: geegaw on August 06, 2017, 09:06:59 AM

Quote from: skyline247 on August 04, 2017, 01:30:51 PM

Quote from: agentx44 on August 04, 2017, 01:26:23 PM

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 bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

Why wouldn't you save your Bitcoin instead of opening a business? Bitcoin value doubles each year... I doubt your business would be able to make that amount. You would probably make more just holding.
What kind of business would you open anyway? I think there is tons of potential for Bitcoin businesses as it is so new.

No one can be sure the price of bitcoin will continue to double every year as you say, it has certain risks. In addition, at present, the price of bitcoin is very high and if we continue to save it, the profit is not too big in the future. The best is that we should save some Bitcoin then use the rest to build a career, creating a solid foundation for our future, that would be better for us. Career stability is better than a risky investment

That's true. Assuming bitcoin price will continuously rise is wrong here. Everboydy should determine a price to leave bitcoin to realize his profits. This profit realization point can be arond $5.000 or $10.000 but there should be an exact number. Holding it forever does not provide us benefit.

gabmen

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Quote from: joseafonso123az on August 06, 2017, 09:06:11 AM

Bitcoin will keep increasing and decreasing it's value till it gets all stable. Now it's a volatile coin, and these gains you see are because of the volatile nature of it. Saying that, I think saving them for some time won't be bad at all, because it will still increase a lot in my opinion

Save it or spend it, most of us eventually will be doing both. You're right. What's going on right now is because of btcs nature and saving at this time is the most profitable thing to do. But i don't think you have to save at the expense of depriving yourself. If you need to spend, do so as long as you'll benefit from what you'll do

geegaw

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Quote from: skyline247 on August 04, 2017, 01:30:51 PM

Quote from: agentx44 on August 04, 2017, 01:26:23 PM

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 bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

Why wouldn't you save your Bitcoin instead of opening a business? Bitcoin value doubles each year... I doubt your business would be able to make that amount. You would probably make more just holding.
What kind of business would you open anyway? I think there is tons of potential for Bitcoin businesses as it is so new.

No one can be sure the price of bitcoin will continue to double every year as you say, it has certain risks. In addition, at present, the price of bitcoin is very high and if we continue to save it, the profit is not too big in the future. The best is that we should save some Bitcoin then use the rest to build a career, creating a solid foundation for our future, that would be better for us. Career stability is better than a risky investment

joseafonso123az

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Bitcoin will keep increasing and decreasing it's value till it gets all stable. Now it's a volatile coin, and these gains you see are because of the volatile nature of it. Saying that, I think saving them for some time won't be bad at all, because it will still increase a lot in my opinion

28days_ever

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Bitcoins need to be saved regardless of their number and used only as a last resort if you do not have enough money to buy. Spending all coins for fun is stupid because the price is constantly growing and makes you richer.

Gumpfire

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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!

Well if i have a lot of bitcoin i will not spend all of them. I will save them and i will start to make an food business because it is my dream to make my own restaurant. And all of my earning in my business is i would buy my own car and my own house.

mariahh

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hhmm.Here's a nice dilemma.I think it depends on how many money.For example if I had enough money to buy a house,a car,and to study I would spent it(I think that this is an exaggeration).Otherwise I would save it till make enough money to make a business or all the above things.

skyline247

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Quote from: agentx44 on August 04, 2017, 01:26:23 PM

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 bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

Why wouldn't you save your Bitcoin instead of opening a business? Bitcoin value doubles each year... I doubt your business would be able to make that amount. You would probably make more just holding.
What kind of business would you open anyway? I think there is tons of potential for Bitcoin businesses as it is so new.

agentx44

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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 i have a lot of bitcoins i would use to make a business because so i could double or triple my money then i will save all the money that i earned in my business. Then if i save a lot of money i will spend it and buy all the things that i ever wanted like a house and my own sports car.

nightxglow

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I will do both, spend and save it. I need money so i will sell my bitcoin and use it for my needs, but i won't spend all of them.
Bitcoin price keeps increasing, so it'll be a fool decision to spend all of them. I will keep it and wait until the price is high. Maybe i'll consider to sell it, or just keep it again lol.
And also, maybe i'll sell my btc and wait until the price get lower, and buy more bitcoin with my money and keep it again so i'll gain more profit.

Mahanton

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Quote from: Pleione527 on August 04, 2017, 11:27:25 AM

I will do both. I will put bitcoin on some investment so i could have the opportunity to have more earnings I believe bitcoin will still appreciate in the future. I will also spend it I will established my own business since we all know that bitcoin is very unpredictable it's better that you don't put everything on bitcoin investment..we all work hard to earn bitcoin so we must be wise enough in spending them.

Same as yours i would really do the same thing too On which if i do have lots of bitcoin i would spend it on important things specially on investment and some would really be saved later on for future purposes.
Yes bitcoin is really very unpredictable and its really wise to spend it on higher prices already but we should spend it wisely on those things who are worth not just wasting off on nonsense things.

Pleione527

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I will do both. I will put bitcoin on some investment so i could have the opportunity to have more earnings I believe bitcoin will still appreciate in the future. I will also spend it I will established my own business since we all know that bitcoin is very unpredictable it's better that you don't put everything on bitcoin investment..we all work hard to earn bitcoin so we must be wise enough in spending them.

Pleione527

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I put them on investment so that I will have a continuous earning in the future, I spend some to establish my own business, of course we all know bitcoin is somewhat unpredictable so it's better not to put everything on it. There's a lot of opportunity that you can do. Just be wise in using your bitcoin make sure that your future is secure and that all your earnings will to something worth it

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