Topic: If you have a lot of bitcoin, should you spend it or save it? - page 52. (Read 33361 times)
It's always depends on where you live. In my country, 2.1 btc is quite a huge amount (1 year worth of salary). If it's 2.1 btc then it might be worth to hold it as you can at least get x2. But in developed country, 2.1 btc is quite small. And i won't even considered holding with only 50 cent worth of btc.
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?
I would save it and would recommend you to save it unless it is necessary to sell your bitcoins because the price just increased by 1000$ just before segwit and many predictions have gone wrong that bitcoin won't rise till august 1st maybe this is sign for a huge increase or hitting a 3000$ point mark
I prioritize trade if has a lot of bitcoin. Because bitcoin trading is more relaxed and not time consuming. And also, trading is my favorite in produce bitcoin.
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 don't understand what you say. But, If I have a lot of Bitcoin. Definitely, I will hold it for a long time. I will deposit it on a secure wallet and I forget it for a long period. About 5/6 years letter I will open my wallet.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 don't understand what you say. But, If I have a lot of Bitcoin. Definitely, I will hold it for a long time. I will deposit it on a secure wallet and I forget it for a long period. About 5/6 years letter I will open my wallet. 
as of today, you better save it because there is a huge tendenciy that bitcoin value will go up after 3 years. be patient to wait for you to have a better profit.if you need cash, better have other cashing options that is nit as promising as bitcoin earnings, better sell any tangible things for cash. this time is perfect time to keep a coin.
I don't have a lot bitcoins. I try to hold mine as much as possible without selling. I only sell when there is emergency. When you're able to hold, you hold it for years and the value multiplies.
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!
Having 2.1 BTC isn't really a lot of bitcoins, I recommend that you hold on to it, from what analysts are saying, after August 1 the price of bitcoins will eventually soar to new heights and even get to $5000 during the fall.I agree but 2.1 BTC is not bad at all. He always has the option on converting it to fiat but not everything. But you are right, this coming August 1 due to the bitcoin split and hardfork, there is tendency for the price to skyrocket again. I speculate that by the end of the year, the price of BTC will eventually reach $4000. Regarding on whether you spend or save it, it really depends on your needs. If you have an emergency and you need extra money to pay for it, then do not hesitate to convert your BTC to fiat since that is one of the reason on why we save it, for future/emergency needs.
This time it is harf to spend most of it since values were quite low than it is last month, knowing that someday btc can rise again that might only be the time I will spend for what I like, though spending in what is really needed is not included on waiting. We save to buy what we needs and not get starve
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!
Having 2.1 BTC isn't really a lot of bitcoins, I recommend that you hold on to it, from what analysts are saying, after August 1 the price of bitcoins will eventually soar to new heights and even get to $5000 during the fall.I agree but 2.1 BTC is not bad at all. He always has the option on converting it to fiat but not everything. But you are right, this coming August 1 due to the bitcoin split and hardfork, there is tendency for the price to skyrocket again. I speculate that by the end of the year, the price of BTC will eventually reach $4000. Regarding on whether you spend or save it, it really depends on your needs. If you have an emergency and you need extra money to pay for it, then do not hesitate to convert your BTC to fiat since that is one of the reason on why we save it, for future/emergency needs.
as of today, you better save it because there is a huge tendenciy that bitcoin value will go up after 3 years. be patient to wait for you to have a better profit.if you need cash, better have other cashing options that is nit as promising as bitcoin earnings, better sell any tangible things for cash. this time is perfect time to keep a coin.
I don't have a lot bitcoins. I try to hold mine as much as possible without selling. I only sell when there is emergency. When you're able to hold, you hold it for years and the value multiplies.
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!
Having 2.1 BTC isn't really a lot of bitcoins, I recommend that you hold on to it, from what analysts are saying, after August 1 the price of bitcoins will eventually soar to new heights and even get to $5000 during the fall. as of today, you better save it because there is a huge tendenciy that bitcoin value will go up after 3 years. be patient to wait for you to have a better profit.if you need cash, better have other cashing options that is nit as promising as bitcoin earnings, better sell any tangible things for cash. this time is perfect time to keep a coin.
I don't have a lot bitcoins. I try to hold mine as much as possible without selling. I only sell when there is emergency. When you're able to hold, you hold it for years and the value multiplies.
A little bit of both, bitcoin is great for saving, because of its potential to grow in value. That said, it could also lose value, keep that in mind. The best way to go about it though is holding and spending when the need arises. The eco system needs people to spend and spread adoption.
Yes just doing the same. Every now and then I spend while I save my bitcoin.
Spending when I have to buy something and spoiling myself a little, just enjoying the fruit of bitcoin ans saving in my bank as I know any time bitcoin's price will fluctuates.
Some part of it I'll hold it for long term for future price and buying some crypto currency and trade then savd. Just always repeating the cycle. In this way I'm enjoying my life with the help of bitcoin.
i rather spend it than save it. ofcourse i will still save but if i have a lot of bitcoin im going to spend it because we only live once we dont know if we're still alive tomorrow so better to treat yourself better once in awhile. bitcoin will never disappear so why not spend it if you have other source of money right ?
Exactly right we should use bitcoin for other purposes as well. As you mentioned one of them but you may just highlighting that we should use bitcoin for another sources of income as well. If you are earning from bitcoin just go ahead invest the profit into different sectors or buy some other crypto currencies as well if you are welling happy with that step because it is more helpful. 
as of today, you better save it because there is a huge tendenciy that bitcoin value will go up after 3 years. be patient to wait for you to have a better profit.if you need cash, better have other cashing options that is nit as promising as bitcoin earnings, better sell any tangible things for cash. this time is perfect time to keep a coin.
Actually I save it and spend some because it will be a huge lose if I am going to sell all of my bitcoins because the bitcoin have a huge potential. And the bitcoin itself is pumping every year or maybe months so If you will save your bitcoin you will became a millionaire in the future if the amount of the bitcoin you save is high.
A little bit of both, bitcoin is great for saving, because of its potential to grow in value. That said, it could also lose value, keep that in mind. The best way to go about it though is holding and spending when the need arises. The eco system needs people to spend and spread adoption.
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?
If you have a lot of bitcoin there's nothing wrong if you want to spend but you should also think about your savings . For me, since the value of bitcoin is changing very often that it could potentially jump up on a particullar time I will be more focused on saving it as well as making it an investment and avoid spending too much . Nowadays, we should always think about our investments and learn how to manage our expenses .
If you have a lot bitcoin and you work hard to earn it it does not bad to spend a part of it for you leisure or luxury. Hence if you want to earn more bitcoin and you are open on investing time and of course capital you should try on trying investing and trading. Because through this you could save and earn at the same time it just a matter of managing and handling. It much better to seek for development and innovation to earn more for future purposes.
i rather spend it than save it. ofcourse i will still save but if i have a lot of bitcoin im going to spend it because we only live once we dont know if we're still alive tomorrow so better to treat yourself better once in awhile. bitcoin will never disappear so why not spend it if you have other source of money right ?
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