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Topic: If you have a lot of bitcoin, should you spend it or save it? - page 48. (Read 33361 times)

hero member
Activity: 588
Merit: 500
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, I think it's best to save it. It's price is still increasing as years go by. Just imagine if you've kept or forgot that you have 10 btc when it first started and sold it today. You would be really rich by not. So, I think if it's not necessary you should just keep it as long as you can.

That doesn't add up at all. You forgot that you have 10BTC and that should mean that you also forgot where is the private key or the wallet seed. You don't even forget about the money that you have underneath your bed, let alone the money that is saved on your computer that you regularly use. But okay, let's say that you actually have 10BTC and you remember (somehow) where are the private keys and somehow the paper that you wrote the private key on is still there safe and sound. You are still not going to be rich. Even in a third world country. Maybe that's a lot of money, but that's not enough to call yourself rich. Rich people have stable businesses and know that they aren't going to go bankrupt for the rest of their lives.
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
Time to hold Bitcoin.If I have 10 BTC, I will hold for my future.Because day by day Bitcoin price is increasing.Maybe this year it will be more than 4000$.
So keep holding btc and after few years you will be millionaire
sr. member
Activity: 503
Merit: 250
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, I think it's best to save it. It's price is still increasing as years go by. Just imagine if you've kept or forgot that you have 10 btc when it first started and sold it today. You would be really rich by not. So, I think if it's not necessary you should just keep it as long as you can.
full member
Activity: 238
Merit: 100
If I have a bitcoin, then I will save or save with bitcoin because I have a good future, and I also spend a quarter of my bitcoin just for my daily needs.
hero member
Activity: 2576
Merit: 582
Leading Crypto Sports Betting & Casino Platform
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!

It all depends on your needs. Well, if you really don't need to withdraw it then don't. If you need some money and then withdraw. But, I think the best thing to do if you can is to hold on to your BTC. We can't speculate how much it will grow, but just grab the risk because it has a lot of potential. But, keep in mind if you only have a cent worth of BTC you will not gain a lot. A bigger capital will give you a higher income.
It is right it depends on need, because no one want to sale out his wrathful bitcoin in the market.
I think some bitcoin should be sold to fulfill need and most should be used in trading of bitcoin because bitcoin is not only a currency, it is also resources of future.

If I have a lot of bitcoin in my account and I needed to withdraw some from them then I will withdraw only 10% bitcoin.
sr. member
Activity: 742
Merit: 397
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!

It all depends on your needs. Well, if you really don't need to withdraw it then don't. If you need some money and then withdraw. But, I think the best thing to do if you can is to hold on to your BTC. We can't speculate how much it will grow, but just grab the risk because it has a lot of potential. But, keep in mind if you only have a cent worth of BTC you will not gain a lot. A bigger capital will give you a higher income.
hero member
Activity: 672
Merit: 500
I try to do the sensible thing of saving it. It’s always nice to know that you will have something to get your money from when you’re broke. But sometimes you can’t resist temptation and try to use in unexpected circumstances. Sometimes I spend it on some things like food or clothes. I try not to splurge too much and only spend what I can afford to lose. I always try to spend on things with the least quantity that can be used in maximum capacity for a long while. Saving makes you rich. Tongue
sr. member
Activity: 630
Merit: 251
No one should sell something unless you need it for some emergency, why would anybody sell bitcoin  knowing it can be worting 5000-50000 dollars over the next years, sure if you have a big ammount you should be able to use to improve your life quality.
For other side some people doing trade always wanna to get more bitcoins soo they trade and expect those to happen, a few are able to grow their bitcoins size.
Your question is valid but still people give up on their coins knowing that they are even precious than diamonds. Especially the newcomers sell them off when the prices are getting low. They easily get panicked by the negativity spread by haters at that time. They should learn to control their emotions in order to enjoy a real profit with bitcoins.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
If you have a lot of bitcoins its more likely you not spending it... why not spend it by investing some of it into business ventures that have a good project/business idea and are probable enough that you can get a profit from them at the end of it. Leaving money to collect dust wouldnt be the smatest decission, we need to grow our banks!
hero member
Activity: 798
Merit: 500
Save some and invest some. Investment diversification is good.

So the risk is redistributed.
Yup now people will confused that save some and invest some. Brother actually you are saving that spend some and invest some. You mean that right brother i would be thankful to you before posting one time go for google translator if you are not English if you are English then you need to hire post writer because it will improve your posts quality then tomorrow you will easily get a signature campaign.
I think they have to wait for the good time and do not need to worry because if anything happen in the long term a good will happen and the price of bitcoin will recover and will reach up to height value of the record. Everyone is of the opinion that in the long term the price of bitcoin go to better as the demand of bitcoin is continuous and will continue for longer and that is the thing which will make bitcoin a better coin.
sr. member
Activity: 546
Merit: 250
If i would have a lot of bitcoins i will definitely donate in my charity organisation. Its registered. But unfortunately have made any website or blog but i am happy with it.. Happiness is helping others. Yeah coming to topic i would have donated 50-70% in charity because i know they need it more then us...
Also please keep in mind i dont want anyone's help so dont try to be over smart am not appealing for donations.. That was just my thought if would have lot of bitcoins. thankyou.
Zrs
sr. member
Activity: 299
Merit: 250
If i have a lot of bitcoin i will divided it into to, the half i will convert it into fiat and use it as my capital for my future business and the other half i will use it to trade with altcoins so i can make a lot of money, i believe that bitcoin will become more powerful in the future, spend it well.
Its the best choice what I will chose.First need to secure my future life then I will trade alt coin with my another half amount of BTC.I found crypto trading is more and more profitable.I like to do trade regularly.
sr. member
Activity: 630
Merit: 250
If i have alot bitcoin, I'll spend it on exchanges. So, i can make profit and cover living expenses just take profit from trading.
hero member
Activity: 1302
Merit: 503
No one should sell something unless you need it for some emergency, why would anybody sell bitcoin  knowing it can be worting 5000-50000 dollars over the next years, sure if you have a big ammount you should be able to use to improve your life quality.
For other side some people doing trade always wanna to get more bitcoins soo they trade and expect those to happen, a few are able to grow their bitcoins size.
- But no one is sure that the price of bitcoin will reach $ 5000-50000 in the coming years, this is something belonging to the future and the future is something unpredictable. So I think we should sell in part when the price of bitcoin reaches a price that we feel is high and appropriate, save the rest to invest for the future or we can trade to earn more bitcoin
hero member
Activity: 868
Merit: 500
No one should sell something unless you need it for some emergency, why would anybody sell bitcoin  knowing it can be worting 5000-50000 dollars over the next years, sure if you have a big ammount you should be able to use to improve your life quality.
For other side some people doing trade always wanna to get more bitcoins soo they trade and expect those to happen, a few are able to grow their bitcoins size.
sr. member
Activity: 798
Merit: 268
If i have a lot of bitcoin i will divided it into to, the half i will convert it into fiat and use it as my capital for my future business and the other half i will use it to trade with altcoins so i can make a lot of money, i believe that bitcoin will become more powerful in the future, spend it well.
hero member
Activity: 1008
Merit: 501
Better hold bitcoin, because its price will constantly grow. You can spend it only on large and really necessary purchases such as a house or a car. To lose precious coins for entertainment is stupid.
You can't say that the price of bitcoin is constantly rising, because if you are reading some statistical report about the status of bitcoin, you can see that the price is up in down. It varies from time to time.
The price of bitcoin is not constant or does not go up constantly, sometimes the price will drop so if you want to hold bitcoin of course you should know that fluctuations will continue to occur and that is the main risk of investing in bitcoin. Fluctuations make the price up and down. So make sure you're patient if you want to hold your bitcoin
hero member
Activity: 840
Merit: 516
Save some and invest some. Investment diversification is good.

So the risk is redistributed.
Yup now people will confused that save some and invest some. Brother actually you are saving that spend some and invest some. You mean that right brother i would be thankful to you before posting one time go for google translator if you are not English if you are English then you need to hire post writer because it will improve your posts quality then tomorrow you will easily get a signature campaign.
hero member
Activity: 1022
Merit: 538
The question is, "if you have a LOT of bitcoin, should you spend it or save it?". Of course some part of it will be spent if needed, part of it will be invested and the remaining part will be saved. I think the main purpose of earning bitcoin is to satisfy our expenses and consumption and not only for display, right?

You cannot keep it all until the time its price is very high.  Unless you are a richkid and can buy everything without making hard earning money to buy things.  Because if you will ask me I would go for some will spending to have the pleasure and feels of earning money through hardwork.  But it is much better to still save some of bitcoins and do some spending because you need somethig to buy.
I second your thought. It’s nice to maintain a balance between spending and saving of bitcoins. It’s always to keep some bitcoins in the wallet in order to have a part in the grand profit. But yeah, it’s always very nice to sell off bitcoins in order to enjoy the fruit of your hard work.
full member
Activity: 364
Merit: 100
If I have a lot of bitcoin I would rather save it than spend it with a non sense thing. Practically speaking, it is important for you to save money just in case there is an emergency happen then you have the money to take. But spend it with a non sense thing then you've been a stupid. You're wasting your money and even time. It is not bad that you should take leisure but make sure you're limiting yourself to everything. It is hard to save and it is easy to spend. You should be wise in managing your money because it is not easy to save.
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