Topic: If you have a lot of bitcoin, should you spend it or save it? - page 5. (Read 33361 times)
October 10, 2017, 06:44:14 AM
It would greatly depend on the necessity. If there is something you want to really buy, you could buy it as a price of your hardwork in earning such. On the other hand. It would be wise to put it in savings such as banks or business so that the excess money would be still excess as time goes by. Either way, it is excess, you could do whatever you want.
October 10, 2017, 05:38:05 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!
Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs. Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.
Bounty campaigns has really been an area most people don’t even bother to look at most especially with the multiple type of campaigns in a single project and you just finding the best way to fit in. Twitter has always been my major earning tap for bounties and I have earned so much from it than what I have earned from signature campaigns since I started. The result might come after few months of the ICO but they can be so worth it, most especially if you are keen about the project you want to participate in and you are sure of its prospect rather than trying to do all projects all at once. Those projects once they hit the ground running is always as if a door of cash just opened on you.
October 10, 2017, 05:21:44 AM
If i have a lot of bitcoin, i will spend it on my important needs especially for payments of billings. You will make decision or choices were to use your bitcoin, you save it or you better spend it but think of it first that only in the important things should be spend. I should spend it especially in emergency case, and for daily needs. But the best is you better save it so that you have a bright future someday, and you can earn profit.
Indeed storing bitcoin is the best way of making money with bitcoin without any risk and loss. The prices of bitcoin keep on changing and the crypto market is a name of pumps and dumps so the bitcoin also keep increasing in prices. Those who kept holding bitcoin few years back are now millionaires. I agree with you that soon bitcoin will become the most expensive asset of the world and everyone won’t be able to have them. 
October 10, 2017, 04:56:04 AM
both is important.
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
Different people have different thought and ideas about the future and especially about bitcoin. Some people think that keeping is much better because the price is growing higher and some think like you. spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
You are also right that in the future there is no guarantee for bitcoin to be rise higher therefore selling some of the bitcoin is a right decision and to hold some in your wallet for earning extra money.
October 10, 2017, 04:37:18 AM
I can not wait to buy a new car, I hope this week the price will reach $ 5000 and I will sell some BTC, if the price has not reached $ 5000 then I will sell but not much.
I guess your plan on buying a car is about to come true, there is no stopping now, the price of bitcoin will continue to skyrocket and once again will make an all time high. That's a good way of rewarding yourself, I am also thinking of rewarding myself but maybe a new house would make me happy. Unfortunately, I still cannot buy a new house with only $5,000 price on bitcoin, I need to see it like $20,000 and I hope by next year it will happen. 
October 10, 2017, 03:38:26 AM
I can not wait to buy a new car, I hope this week the price will reach $ 5000 and I will sell some BTC, if the price has not reached $ 5000 then I will sell but not much.
October 10, 2017, 03:31:44 AM
Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.
That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.Well, it does not have to be saving and saving, because you do not know how long you will live. In any case since the question said that if we have a "lot" of bitcoins, then I will just spend part of it. Let us say 40% of it will be spent. Since we are all here because of money. We are all here because we want to have a comfortable life. We are here to earn and have money. So basically, we are here for bitcoins to be spent. But of course we must be wise. I will keep the remaining bitcoin to secure my future and that of my family.
October 10, 2017, 02:11:05 AM
If i have a lot of bitcoin, i will spend it on my important needs especially for payments of billings. You will make decision or choices were to use your bitcoin, you save it or you better spend it but think of it first that only in the important things should be spend. I should spend it especially in emergency case, and for daily needs. But the best is you better save it so that you have a bright future someday, and you can earn profit.
Indeed storing bitcoin is the best way of making money with bitcoin without any risk and loss. The prices of bitcoin keep on changing and the crypto market is a name of pumps and dumps so the bitcoin also keep increasing in prices. Those who kept holding bitcoin few years back are now millionaires. I agree with you that soon bitcoin will become the most expensive asset of the world and everyone won’t be able to have them. October 09, 2017, 04:54:57 PM
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!
Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs. Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.
October 09, 2017, 04:39:21 PM
if have alot of bitcoin, i will invest the earnings i get to acquire new smartphone. So, bitcoin i have continues to be intact and can keep on to exist for me to use for a lot more profit.
October 09, 2017, 01:54:30 PM
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!
Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs. Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.
October 09, 2017, 12:40:33 PM
For me if I have lot of bitcoin I should save it. Save the 75% for the future and use it to achieve my goals and use the 20% for my daily needs, to pay the bills, and for that other financial problem. Use the other 5% for fun and relaxing.
If I have a lot of bitcoin then definintly I have more option, I will spend some bitcoin and will also save a lot of it, because I am sure about the price of bitcoin that it will continue increasing for a long long time. October 09, 2017, 12:35:01 PM
I would save it at this time. Unless you ofcourse need the money, you use it ofcourse.
It is very good to save and you will be very proud for you’re this decision. A lot of people are using the bitcoin and they are getting the high profit for saving the bitcoin for the long time. It is the time to invest more and save more because the price and the value of the bitcoin are now still at growing so in the future it will be higher. October 09, 2017, 11:39:56 AM
both is important.
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
As long as I don't need urgent cash, I don't spend bitcoins on daily things.
Saving it much more important for the possible rise of BTC.
October 09, 2017, 11:35:15 AM
both is important.
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
As long as I don't need urgent cash, I don't spend bitcoins on daily things.
Saving it much more important for the possible rise of BTC.
October 09, 2017, 11:22:16 AM
i will keep my bitcoin until it become 10k dollar per bitcoin. Maybe i am millionaire by that time and hopefully it will be soon.
October 09, 2017, 11:18:18 AM
both is important.
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time
October 09, 2017, 10:54:15 AM
If I have a lot of bitcoin, then I will make the bitcoin as a capital for trading, and the profit I get from trading I spend to buy the things I want, so my bitcoin is not reduced and I can still have fun with the profit gained from the bitcoin
Theoretically you are right, but in practice how can you be so sure you will make money with trading? Trading is a risky business and you may also lose a lot if you don't know how to do it properly or, even if you know, just because of bad luck.
I'd recommend to OP to save as much as you can afford and to spend only what you really need to spend.
At least trading does not always rely on luck as in gambling, if indeed he is able to adapt to market analysis then he will be able to balance the balance and cash flow of the existing fluctuations. If it's just storing bitcoin, it will not be more profitable unless you keep actively moving in the campaign or anything else. If we are still able to struggle, it is appropriate to keep capital moving and gain a double advantage, risk is something that must be understood, not to be avoided.
To an extent I can understand taking risks when there's no way to make money otherwise. But why risk when having bitcoin? It has been proven that one can make good profits from just holding their BTC, especially when you have a lot of it, like OP said in the topic question. IMO it's better to avoid risk when it's possible, and when someone has a lot of BTC he's definitely not in a situation when risk is necessary.
October 09, 2017, 10:29:07 AM
For me if I have lot of bitcoin I should save it. Save the 75% for the future and use it to achieve my goals and use the 20% for my daily needs, to pay the bills, and for that other financial problem. Use the other 5% for fun and relaxing.
October 09, 2017, 10:27:08 AM
I consider that bitcoin should be terrified to conserve as extended as achievable, irrespective of how a lot of it is. The currency is expanding quite rapidly and delivers a amazing profit. The far more cash there are, the a lot more earnings there will be in the future.
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