If you have a lot of bitcoin, should you spend it or save it? - page 53.

bluefirecorp

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Quote from: Bunsomjelican on July 20, 2017, 02:42:44 AM

Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

Saving bitcoin is the best methods we can do about it, Like what the higher rank member in this forum which is said most often,
buy then hold in a long term. Don't panic even the price value get down or drop, because it will go back at the original price or more.

Being getting into panic is a sign of weak nerves or less education and knowledge of bitcoin because when you will be well educated with bitcoin knows its exclusive features and understands the mechanism of bitcoin price going up and down there will be no panic at all. Coming to the fact that bitcoin demand in increasing which simply tells us that price will increase. Better to save bitcoin.

Bunsomjelican

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Quote from: Crapz23 on June 27, 2017, 09:58:10 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!

Saving bitcoin is the best methods we can do about it, Like what the higher rank member in this forum which is said most often,
buy then hold in a long term. Don't panic even the price value get down or drop, because it will go back at the original price or more.

TribalBob

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Quote from: megynacuna on July 17, 2017, 09:00:27 PM

As for me I would save my bitcoins currently and hold them until after the August 1 because it's better trying to be a millionaire than never. I will keep faith with bitcoins and hope for success with it and so I wouldn't spend but save for myself and future.

That's the right thing to do as price of bitcoin has gone down now so its not the best time to spend them and decline in price will never be permanent in bitcoins so to gain higher benefits we should try to save as much as we can as in future it will surely give us higher profits.

oegarod

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A fear is found among the entire users based on the segwit and splitting of the network. With this its been suggested to spend the bitcoins partially as everything looks blank without any approximations about the incidents that are gonna happen by the upcoming month. Also suggested not to hold on third party banking services.

acumennetwork

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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

megynacuna

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As for me I would save my bitcoins currently and hold them until after the August 1 because it's better trying to be a millionaire than never. I will keep faith with bitcoins and hope for success with it and so I wouldn't spend but save for myself and future.

ModGirl

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Quote from: BitcoinPC on July 17, 2017, 09:17:10 AM

I have more than 3 bitcoins and before 3 months ago, i decided not spend them.
But now a days i see different price of downing than i have sold my half bitcoin only then fear of lose.
But now i have planed to save my all bitcoins for a long time.
Because i want double profit from them, than i need to save for a long time.

That’s a nice decision and let me tell you; all professional traders are doing the same. It’s really hard to see the value of your bitcoins dumping and needs a lot of patience and courage to stay calm at that time. The selling of bitcoins increases manifolds when prices are dumped. It’s a general trend. But yes, holding on to bitcoins in such times, later make you enjoy the unbelievable profit.

jpoker272727

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Quote from: Ewinsane on July 17, 2017, 11:07:17 AM

Quote from: aishyoo17 on July 17, 2017, 08:45:07 AM

If I have a lot of bitcoin I will save it because I know that after the August 1 drama bitcoin price will go up again. I will only spend few of my bitcoin maybe if I need to have fiat badly.

It is always wise to save bitcoins for maximum profit since the value of bitcoins will be increasing drastically after aug 1st hopefully. Due to people interest growing day by day and the number of traders growing, the value of bitcoin will only go further up further benefiting its owners throughout the world. Soon it would touch 3000$ bitcoin in this year where it is expect 5500$ in this years. Those who has received there bitcoin and now saving they are lucky.

Yes, the people who invested in bitcoin when it started did indeed take a huge risk but it also definitely paid the price and all of them are millionaires since the price of bitcoin has increased from a few dollars to more than two thousand dollars. It has changed the history by replacing USD as it was more valuable and powerful but alas bitcoin has changed the history and it is turn on to the top stages of markets.

wahb

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Quote from: Ewinsane on July 17, 2017, 11:07:17 AM

Quote from: aishyoo17 on July 17, 2017, 08:45:07 AM

If I have a lot of bitcoin I will save it because I know that after the August 1 drama bitcoin price will go up again. I will only spend few of my bitcoin maybe if I need to have fiat badly.

It is always wise to save bitcoins for maximum profit since the value of bitcoins will be increasing drastically after aug 1st hopefully. Due to people interest growing day by day and the number of traders growing, the value of bitcoin will only go further up further benefiting its owners throughout the world. Soon it would touch 3000$ bitcoin in this year where it is expect 5500$ in this years. Those who has received there bitcoin and now saving they are lucky.

to me currently i do not have a good amount of bitcoin but still the amount of bitcoin i have i will like to hold it for the price increase. currently the price of bitcoin is trading in such a low price because of the segwet issue but i am hopeful that very soon the price of bitcoin will start increasing, i am hopeful that the segwet issue will not effect the price of bitcoin and will therefore not stay here fora long time.

iyan33

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Quote from: BitcoinPC on July 17, 2017, 09:17:10 AM

I have more than 3 bitcoins and before 3 months ago, i decided not spend them.
But now a days i see different price of downing than i have sold my half bitcoin only then fear of lose.
But now i have planed to save my all bitcoins for a long time.
Because i want double profit from them, than i need to save for a long time.

I think this is a great idea, now the bitcoin price has gone down but it definitely has a chance to go up, until the previous price can reach $ 2700.tentu by holding it briefly until it reaches the price up. And you can sell it if the price is really the maximum for you.

FlightyPouch

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Quote from: Ewinsane on July 17, 2017, 11:07:17 AM

Quote from: aishyoo17 on July 17, 2017, 08:45:07 AM

If I have a lot of bitcoin I will save it because I know that after the August 1 drama bitcoin price will go up again. I will only spend few of my bitcoin maybe if I need to have fiat badly.

It is always wise to save bitcoins for maximum profit since the value of bitcoins will be increasing drastically after aug 1st hopefully. Due to people interest growing day by day and the number of traders growing, the value of bitcoin will only go further up further benefiting its owners throughout the world. Soon it would touch 3000$ bitcoin in this year where it is expect 5500$ in this years. Those who has received there bitcoin and now saving they are lucky.

I am satisfied with the $3000 price, having a price of $5500 I think is early to talked about.

The price of bitcoin now is at $2061, and I think it will be dumping more maybe at the maximum of $1500, I hope so, because we are still almost at 2 weeks but the precedent dump is happening very early. Many people really don't like the implementation of the Segwit.

Ewinsane

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Quote from: aishyoo17 on July 17, 2017, 08:45:07 AM

If I have a lot of bitcoin I will save it because I know that after the August 1 drama bitcoin price will go up again. I will only spend few of my bitcoin maybe if I need to have fiat badly.

It is always wise to save bitcoins for maximum profit since the value of bitcoins will be increasing drastically after aug 1st hopefully. Due to people interest growing day by day and the number of traders growing, the value of bitcoin will only go further up further benefiting its owners throughout the world. Soon it would touch 3000$ bitcoin in this year where it is expect 5500$ in this years. Those who has received there bitcoin and now saving they are lucky.

BitcoinPC

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I have more than 3 bitcoins and before 3 months ago, i decided not spend them.
But now a days i see different price of downing than i have sold my half bitcoin only then fear of lose.
But now i have planed to save my all bitcoins for a long time.
Because i want double profit from them, than i need to save for a long time.

aishyoo17

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If I have a lot of bitcoin I will save it because I know that after the August 1 drama bitcoin price will go up again. I will only spend few of my bitcoin maybe if I need to have fiat badly.

Fatanut

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Spend it only when you need bitcoins, save everything that you can. Bitcoin is the future of the currencies and even when things go bad in August 1, we will all surely survive. Those people that have invested millions in bitcoins wouldn't let their investments just die because of one scenario.

Right now, it's so hard to accept that bitcoin's price is very low. People are thinking of cashing out because they think that the price would go down even more. People just start panicking at times like this and they would like to spend it right away. It's like they miss the days when the price of bitcoin was still up. If you have a lot of bitcoins, you should save it and wait for the price to go up again. Maybe the price will go up after August 1. Maybe August 1 is for the better after all.

mornabo

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Quote from: ModGirl on July 16, 2017, 05:44:16 PM

Quote from: richminded on July 16, 2017, 02:08:51 AM

If i have a lot of bitcoin i will use it right, half of it will use it for my business and the other i will trade it on with bitcoin because i believe investing on bitcon will help me builds my future. I will hold bitcoin until it reach $10k

Well idea is a good and happy that you are having ability of understand. Bitcoin will goes to $10,000 USD after segWit role. Because segWit playing very important role in bitcoin. There will be few changes happen which can save you from high taxes and also your speed of transaction will be high as from present and past it was.

I also have the plan, I have income in bitcoin but not all bitcoin I will use to spending or doing business
But I'm allocating a few percent of my earning in bitcoin for the future. Because I'm sure of the potential price on bitcoin

ModGirl

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Quote from: richminded on July 16, 2017, 02:08:51 AM

If i have a lot of bitcoin i will use it right, half of it will use it for my business and the other i will trade it on with bitcoin because i believe investing on bitcon will help me builds my future. I will hold bitcoin until it reach $10k

Well idea is a good and happy that you are having ability of understand. Bitcoin will goes to $10,000 USD after segWit role. Because segWit playing very important role in bitcoin. There will be few changes happen which can save you from high taxes and also your speed of transaction will be high as from present and past it was.

SaShiRaJaVu

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Quote from: Mr.grin on July 16, 2017, 12:23:16 PM

For now, I spend the bitcoin I have and keep it in altcoin form. Well, I hope so that bitcoin and altcoin prices will rise after August. Various people may now have spent the bitcoin they have, but some still survive by storing it.

It is good if you have invested wisely,it all depends upon how much risk you are able to take with your money,the price of bitcoin will rise up again and if you are not willing to hold the coins at this moment of uncertainty then it is you choice to sell off the coins and enter at a later time or hold the coins at your wallet,i am holding my coins and waiting for the final decision of the scaling.

Ewinsane

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Quote from: quitstem01 on July 16, 2017, 03:24:23 AM

If I have lots of Bitcoin and not in need of spending it, I would probably save and hold it, just like what others are saying. I will wait for the right time to use it and if its value increased multiple times as its present value.In that way, profit will be assured. We don't need to worry if its value sometimes decreases because it will surely increase again as days passes by.

But if a person cleverly invests in any asset, there is a high chance that he will earn a marginal profit. Similarly if someone invests in bitcoin he/she will get profit steadily depending upon the price of bitcoin. It may increase steadily or rapidly but profit is guaranteed when investing in bitcoin. If you are in a doubt must visit the history of bitcoin. Then you will know that how it is confirmed that our investing will become double.

zarados

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At this moment, I will buy more and save it for long term investment, and you cant save just because youre not in need of its money, if you do, you're need to prepare for loss when drop time come and youre in need of money at the same time

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