Topic: If you have a lot of bitcoin, should you spend it or save it? - page 51. (Read 33373 times)
What's good about saving bitcoin is that if profits even if you do not do such effort. So I'd rather choose to save it then use the interest I earned from bitcoin in spending for the things I want to buy. The price of bitcoin is unpredictable so you must be on watch in its value.
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!
I'll invest half of it and hold the other half for the next years until its value increase. I would like to invest in sites or other coins in order to make it grow. Saving and investing is somehow related, I think if you are investing and you gain profit from your investments, you'll also have something so save for future purposes. No need to worry becayse the price of bitcoin is now getting bigger and higher after the inflactuation. 
In my own opinion, get or spend your capital and hold the remaining amount because either you gain or lose, at east the capital amount you put in was already safe in your hands.
if i have a lot of bitcoin, i will use half of the total for invest in another investment like buying altcoin and hold it like i hold bitcoin because i know, altcoin have potential to increase like bitcoin. the rest of bitcoin i have, i will hold it until reach the high price and then i can sell it for a little amount to exchange into fiat so i can buy something or saving in my bank account.
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.
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 would choose to save it rather than spending it. As you can see, the market price of bitcoin is getting higher and higher. It would be a big loss if someone would sell it right now. It is risky but some members who have joined long ago says that the segwit will definitely help to increase the value of bitcoin.
There is an upgrade coming and if successful, this upgrade might cause the bitcoin’s price to reach $4000 or maybe higher. After the segwit, I plan to divide all my earnings and I would also try investing in some projects.
If i have a lot of bitcoin i will divide it into to some will convert for me to make business and the other half i will use it to trade my btc with altcoins and save some for future purposes, i would choose to spend some and save the other half so i do both.
Will definitely invest and trade it to have it more. And will buy things I want and travel too. We should not stop on investing or trading but we still need to enjoy our life that's the main reason why we wanted to have bitcoin a lot to ease our life.
If i have a lot of bitcoin i will divide it into to some will convert for me to make business and the other half i will use it to trade my btc with altcoins and save some for future purposes, i would choose to spend some and save the other half so i do both.
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.
Just like what you have said I like to spend some on important purposes because I am earning to support all what I need without depending on others. It feels nice to buy things you want from the money that you make an effort and hardwork to have. I will save some and make an investment for the future purposes.
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.
Just like what you have said I like to spend some on important purposes because I am earning to support all what I need without depending on others. It feels nice to buy things you want from the money that you make an effort and hardwork to have. I will save some and make an investment for the future purposes.
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.
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?
If i have a lot of bitcoin i will spend some and trade some, i will spend it to support for my daily needs and trade it for my future purposes because i believe the price today are still cheap and i will save it until it hit my target price.
If I have a lot of bitcoin.. the first I would do is to save it. I will wait longer till the price is good. I will hold it maybe for a long period of time. Then wait for it to be the price increases. And maybe spend some of it. Just for some fulfillment of the things to have and to do. I will spend some of it by buying things which are in very need. And maybe to have some relaxation or to travel in a budget price.
Well my plans over bitcoin are very clear accumulate the much i can and sell a part at 2020-2021, the rest i will let frozen like savings must be, just following the market. Now if i had a big ammount i would sell a few coins at December, just enought to relax for the next 3 years till next halving.
Anyway If you need money, then you will spend at least some amount of Bitcoin and find exactly what you need. And the fact that once in a few years Bitcoin can drop by 2 times, it's still not an indicator for those who want to wait for the final result and the price for Bitcoin. All the same, the currency will go to the top. Therefore, I do not think that we will lose something. 
Well my plans over bitcoin are very clear accumulate the much i can and sell a part at 2020-2021, the rest i will let frozen like savings must be, just following the market. Now if i had a big ammount i would sell a few coins at December, just enought to relax for the next 3 years till next halving.
If I happen to have a lot of bitcoin, I would spend some of it. I wouldn't spend it on useless things, of course. I would spend it on making my own business. I'm thinking of having a luxury barber shop or a cafe simply because the amount of people that wants to look classy is increasing. Almost everyone has been eaten up by social media so if I am able to build up a classy place in my place, then people are going to hang out there everyday. Of course the food and the service would be expensive in my business but that's what people want anyways.
With that, I already have a stable business. I will have enough food to put on the table, I would have a sure way to make money. Regardless if bitcoin goes up or down, I will have a source of income.
The rest of my bitcoin will just be saved for the future and cashed out when the price has become ridiculously high.
With that, I already have a stable business. I will have enough food to put on the table, I would have a sure way to make money. Regardless if bitcoin goes up or down, I will have a source of income.
The rest of my bitcoin will just be saved for the future and cashed out when the price has become ridiculously high.
Most people would suggest that you wait as btc will probably rise, however, you also have to factor in how time-sensitive your purchase is
Well if you own 10 bitcoins and all of them will buy you the car you want, maybe you should just buy the car that costs 3 bitcoins to get you from point A to point B and in a few years spend another 3 bitcoins to get that car that would have cost you 10 bitcoins before. Make sense?
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!
Save it. As a wise person (let's just say i'm wise lol), spending money on unimportant things is not worthy to do. One should have to prioritize things. It is true that bitcoin is made for spending but you wouldn't want it if you don't have anything left on your wallet. As time passes, bitcoin's value go up and if you feel you have to buy anything then go for it. Just remember that patience is a virtue, it will lead you to have a better profit someday.
Should I hold or sell/spend my bitcoins? The most asked question on bitcointalk. A little search around the forum will show a lot of threads asking the same question, it is a valid one though, especially for noobs. The answer is that it is subjective. Holding may be a good strategy, but comes with its risk, nothing is guaranteed.
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