If you have a lot of bitcoin, should you spend it or save it? - page 56.

gabmen

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Quote from: dunfida on July 10, 2017, 04:57:14 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!

Its just a common sense thing for you to identify if is it worth to store bitcoin. Numbers would speak for itself already which you can able to see that price do really moves. Bitcoin is really worth to be stored and price volatility gives an advantage on making money on our side but theres always comes a risk on losing it. Volatility means ups and downs of the price which we would either both earn or burn Grin

Well good point though i think bitcoin's volatility is a little bit more predictable right now than a couple of months ago. A lot of people are saying that holding btc now would reap good rewards in a few months or years and we have good reason to believe so also. Though it can't also be that bad if you sell if you needed it as its also almost certain that everyone profited from btc price surge recently.

emezh10

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Save it and spend some because the bitcoin is your earning so it is normal to sell it for you to buy your needs, because me I sell some of my bitcoins to buy my stuffs because that is normal because I earned it. however, saving the majority of my funds is a must for me to keep investing for my future that's how I spend and save bitcoins.

dunfida

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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!

Its just a common sense thing for you to identify if is it worth to store bitcoin. Numbers would speak for itself already which you can able to see that price do really moves. Bitcoin is really worth to be stored and price volatility gives an advantage on making money on our side but theres always comes a risk on losing it. Volatility means ups and downs of the price which we would either both earn or burn Grin

Cosbycoin

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Quote from: Seeker01 on July 09, 2017, 11:39:17 PM

If i have a lot of bitcoin i will save it, and use some of it when i need it most. Having a lot of bitcoin today will surely helps you to become a multi millionaire in the future because i believe the price will still continue to soar. I will save, save, save, until it hit my target price.

People who have invested in bitcoin since a long time are surely very rich by now. A person when thinking of doing a long term investment should be consistent and patient to secure a maximum profit. Making timely decisions is also important. Only then we can profit even with bitcoin and become wealthy. So that I adore to prefer to go for bitcoin and take right decisions that in a future I will have perfect example for upcoming generation.

Saving must be the only option everyone must do !

Seeker01

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If i have a lot of bitcoin i will save it, and use some of it when i need it most. Having a lot of bitcoin today will surely helps you to become a multi millionaire in the future because i believe the price will still continue to soar. I will save, save, save, until it hit my target price.

DOGE12321

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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!

The most used terms are saving and holding. Occasionally, in certain scenarios, you could call it investing too.

Bitcoin price varies according to different circumstances and you will end up having a constantly different amount of Fiat in your wallet. Moreover, it is to be noted that fiat price also varies too. Thus you can make nice profits it you hold Bitcoin.

Furthermore, a 37 cent increase would and is a really small profit, but if your starting balance had been higher you could have reaped bigger rewards and profits.

Krillin61

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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!

The more you invest, the more chance you get more profit yet the riskier it would take no matter what it is. If you don't want to get nothing as you said, risk your money and don't affraid to try. You won't ascertain it if you didn't try. It's better to lose that you try than you waste the opprtunity because you didn't try.

Zenithar

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Quote from: NavySeals on July 09, 2017, 06:26:58 PM

Quote from: wahb on July 09, 2017, 05:39:28 PM

Quote from: doomloop on July 09, 2017, 12:26:41 PM

Quote from: livinglightning on July 08, 2017, 09:09:10 AM

If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.

most of the investors consider bitcoin as one of the most safe investment, and therefore most of the people want to continue their investment to increase therefore they are holding bitcoin.

This is correct but I personally like to cash my bitcoins into fiat money. I do this to cover my daily expenses. If one is rich enough, he can multiply his capital by just holding bitcoin.

in different occasions we need to take different decisions, for example some time when I need fiat I convert my bitcoin In to fiat. while some time I mostly want to hold my bitcoin for the price increase. in fact i try my best to hold my bitcoin for a long time, because i am pretty sure about the future of bitcoin that it will have a very great future. therefore saving bitcoin for the future will be more profitable.

guoyu78

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Quote from: logicgate on July 03, 2017, 03:21:46 PM

Quote from: Basmic on July 03, 2017, 09:18:28 AM

If I had some bitcoin I would have made the repair of my house. Money is of little interest to me. I'll make money yet, but when you work in good conditions to make easier. I prefer to spend money to earn other money, and not expect the increase in prices of currency.

For me if I have a lot of money I will not spend it and save for long time because if I will save for two or five years I hope after some years later its price and value will be more increases to raise and more I think in future may be bitcoin will become a fiat currency and we are uses bitcoin very easily.

I ill be saving the bitcoins for a specific tie span and will wait for the correct time, a time when bitcoin will give me maximum profits and at that particular time I will be selling my Bitcoins. But for now I will like to save them for better future.

NavySeals

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Quote from: wahb on July 09, 2017, 05:39:28 PM

Quote from: doomloop on July 09, 2017, 12:26:41 PM

Quote from: livinglightning on July 08, 2017, 09:09:10 AM

If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.

most of the investors consider bitcoin as one of the most safe investment, and therefore most of the people want to continue their investment to increase therefore they are holding bitcoin.

This is correct but I personally like to cash my bitcoins into fiat money. I do this to cover my daily expenses. If one is rich enough, he can multiply his capital by just holding bitcoin.

Finestream

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Quote from: wahb on July 09, 2017, 05:39:28 PM

Quote from: doomloop on July 09, 2017, 12:26:41 PM

Quote from: livinglightning on July 08, 2017, 09:09:10 AM

If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.

most of the investors consider bitcoin as one of the most safe investment, and therefore most of the people want to continue their investment to increase therefore they are holding bitcoin.

I don't think we consider it as a safe investment, in fact it is the most risky investment due to the fact that it is not stable enough.
However, we risk for that reality because we know that the return is also awesome if bitcoin will be more successful, hence we need to learn how to focus on the long term since it is where we can make enough profit and time will come that we do not need to work anymore because our bitcoin will be the one who is working for us.

wahb

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Quote from: doomloop on July 09, 2017, 12:26:41 PM

Quote from: livinglightning on July 08, 2017, 09:09:10 AM

If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.

most of the investors consider bitcoin as one of the most safe investment, and therefore most of the people want to continue their investment to increase therefore they are holding bitcoin. to me i think in present time bitcoin investment is the best investment because there are more chances to make money having low risk of losing your money.

doomloop

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Quote from: livinglightning on July 08, 2017, 09:09:10 AM

If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.

raven7886

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Quote from: kryptqnick on July 02, 2017, 08:14:47 AM

Quote from: Vishnu.Reang on July 02, 2017, 05:53:50 AM

If you have a lot of coins (more than BTC100), then I believe that there is no harm in spending a few of them. May be you should spend 10% or 20% and enjoy yourself by taking vacations to Maldives or Bali. Also, you can convert a part of the BTC holdings in to fiat and diversify your portfolio by investing in equities, real estate or bullion.

I think one should spend the money even while having around 3 btc if a person doesn't have any particular sum needed to buy something specific and has just been saving money for some time while not being rich at all. If there is money but a person has no plans how to spend it, the money doesn't make any sense. It is just some numbers on the screen that will never become a part of something real.

Even if you have few bitcoins, one should always save them and also one should know bitcoin's potential. Bitcoin has been on a quick rise of its value and is already more voluble than more assists used as income throughout the world. So, it is always wise to save the bitcoin if one does not need money.

Practically many people are find it too hard to save all their bitcoin earnings. For that we must have two streams of income, one for leading a life and another one for long haul saving. Out of two, one is usually fiat based income but if we get chances to have both are bitcoin based income streams then also there will be no problems.

syaripudin

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When I have so much bitcoin I'm sure I'll be happy because I can do whatever I want. But what I will prioritize is investing. Partly I will multiply by following the trading. Of course if I have very much bitcoin it will be more and more that I will do. You try to think with menyimpanya what you will have in the future. Because the longer the bitcoin value will be higher. And surely success is already in sight

livinglightning

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If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending

HarleyQuinn9876

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Currently in my wallet I have very little bitcoin. So I will save it. I will accumulate it into large sums. When I have enough money, I only use it when I need to fold, and still save it. Until the large amount of money I would think of spending, spending large sums: like buying a house, traveling

wallstone

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Quote from: choppork on June 27, 2017, 11:27:18 AM

I will just save it. Hold it long term. As long as there's no reason for me to spend it, I will keep on saving it. I know that your hand is getting itchy and you want to spend all of your money at once. You might want to even buy the things that you wanted for so long. Sure, you can do that. But you will regret it later when the price of bitcoin starts to increase. You will think to yourself, "I could have bought better gadgets if I cashed out now instead."

It's always a good thing to travel, buy things that you want, or do whatever you want with your money. But I wouldn't do that with my bitcoins. I'm always thinking that if I had cash instead, I will recklessly spend it because I don't have to think about the value of the money that I'm using to increase in the future.

With that, what I do is that I cash out 0.1BTC worth of cash whenever there's a major price increase. Just so I can buy the things and foods that I want every now and then. I don't want to just keep on earning and saving and ending up never getting to use the money that I spent a lot of time on to earn.

Indeed. If I have lot bitcoin in my online wallet I would rather to save or hold than to spend it because I know that the price of bitcoin will increase in the near future. In addition to that, it’s better to save it than to sell it and if you want to become billionaire in the future i think you should save your bitcoin. Lastly, I think I will invest a few amount of bitcoin in trading sites to gain more income.

Tamilson

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Quote from: Aikidoka on July 06, 2017, 10:11:39 AM

If you are in need of money to do something big, spend 1 bitcoin and save the other 1. If you don't need money, save your bitcoin and wait for the bitcoin price to grow. If it grows, you will have lots of money in your hands, if it decreases, you will have nothing to lose (if you do not spend your bitcoin). But either way, save as much as you can before you regret it because I believe that the bitcoin price will increase in the near future and good luck.

Don't spend when its not necessary.
like when you didn't need money or its not really emergency better save your bitcoin, you might as well be needed in the future. For sure it will have a really good value.

megynacuna

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Quote from: barbara44 on July 07, 2017, 09:24:17 AM

Quote from: Digitas on July 03, 2017, 08:04:20 AM

There isn't a lot of new supply coming in. That's because mining has become really hard. I would suggest to save the coins or invest in altcoins.

Bitcoins work like any other currency that is they are rotated throughout the online market. So, there can never be any such shortage since they can be earned by mining as well. Crypto currency is taking the internet by storm including bitcoin so there is highly any chance of a shortage. If there is become a shortage then they improve the system for a while to make it more possible to store more as much as you can.

Bitcoin just like other Altcoins have a limit of tokens supply and so eventually there can be a shortage of them when all are mined or sold. The supply on the trading market is different from the actual supply of bitcoins that was created and made available to mine, buy or earn so we shouldn't confuse the two.

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