Topic: If you have a lot of bitcoin, should you spend it or save it? - page 58. (Read 33380 times)
If the price of bitcoins is higher then I won't mind in spending some of them as you also need fiat for your basic stuffs as you cannot spend bitcoins anywhere at a moment so in that case I will sell some coins and get more amount of fiat in hands and rest I will save for the future hoping to sell them at even higher price.
Maybe i should save all of it, cause i have a feeling that my decision is right, i will give me 200x of profit after 2 to 3 years of holding it. But in case of emergency maybe i will convert just a little amount.
The 200x profit expectations are very high I think.I will save them all and not spend them but I don’t expect such a huge profit from it. I think it will be giving me a 100x profit after two years if the other things remain the same. It could also lose its value if any other alt captures the market and do well than bitcoin.
BTC is money. So you spend what you need for your everyday life, you save some. and you invest some. The invest part you invest the majority in low risk assets, and the rest in medium and high risk assets. This way you will keep enough to maintain you throughout life
i rather save it than spend it because in spending i can't make a lots of money while saving it actually letting it to grow on its own because we all know that bitcoin price is not that stable and it is a decentralized currency where it will go ups and down that's why bitcoin is a really good start up to invest on . so i would advise to you that you should save it.
I would not consider having less than 20 BTC as a lot, but I would spend a part of them if I really had that much, to use it for what I want, because thats what Bitcoin is for anyways, to store your coins as an investment. Really depends on yourself (How greedy you are 
) for when to save/spend, but if you are still starting out, I suggest save.
Oh! You are very generous I think of more than 300 bitcoins when I hear the word a lot. We know that there are whales who have quite a large number of bitcoins holding and they are holding it for a higher profit in the future. I will follow them and I will save them for around 3 years minimum to get as much profit from it as I can. ) for when to save/spend, but if you are still starting out, I suggest save.
I would spend it because honestly i have bills to pay ect and it's not always funny when you're unemployed. so saving anything like money, bitcoin or others crypto is like a luxury for me
This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.
Yes, many in this forum have the same question regarding spending, holding, buying, selling and etc. It is depends on the situation and the price of bitcoin. It is pretty obvious that this two option is important if we have a bitcoin. If you save all your bitcoin, I think its not a good idea (don't put all eggs in one basket). Much better to spend the other (converted to local currency) to make sense the too much hardworking and spending of time.
This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.
Yes, many in this forum have the same question regarding spending, holding, buying, selling and etc. It is depends on the situation and the price of bitcoin. It is pretty obvious that this two option is important if we have a bitcoin. If you save all your bitcoin, I think its not a good idea (don't put all eggs in one basket). Much better to spend the other (converted to local currency) to make sense the too much hardworking and spending of time.
If I have lot of them then I would spend them like crazy. A lot of bitcoins means billions of dollars for me which I won’t save for any reason. Of course I am earning money for y leisure and daily needs so why would I store them? I will buy all the stuff that dreamt of and will travel the world by converting all bitcoin into my fiat money.
I'll do both, spend and save it. I'll spend it for buying alt coins and will invest it there. And while some others will be put into buying of my needs and add some another minig rig. For the other half them I'm going to just save it to my cold storage.
If i have a lot of Bitcoin, i will spend some of it and save some of it. Like i would like to gamble from some it. Then i will invest it for trading. Moreover, i will wait for that time when the amount of bitcoin will increase and then sell it.
Gambling with it is a bad idea as I know that it will let you face some trouble. It is also possible that you become addicted to gambling and then continue to spend more and more money on gambling and you do not have then remain any money and you then remain a poor person with nothing in hand. 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. 
Saving the bitcoin is the best alternative for me I will rather keep it till price increases appreciable then I can start spending but now I will rather keep on working hard so as to gather more bitcoin by trading it, the for spending it will surely come.
If you want some suggestions, consider few things such as ;
- why you bought bitcoin in the first place?
- spend bitcoin for what purpose, buy goods/cover daily expenses?
- do you have any other source of income?
People who believe in bitcoin value in long term wouldn't spend bitcoin if still there is another option, same as what I've been doing all this time.
- why you bought bitcoin in the first place?
- spend bitcoin for what purpose, buy goods/cover daily expenses?
- do you have any other source of income?
People who believe in bitcoin value in long term wouldn't spend bitcoin if still there is another option, same as what I've been doing all this time.
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!
Well you should spend some and save some of it, what's the sense of saving it if you're not going to spend it. Make sure to make your money move not just on your wallet, trade or invest your savings so that you'll earn a lot. If you have spare you can use it for your daily expenses too.
In my opinion, saving very important and I will use 30% Bitcoin for saving. Then 20% for use my life and 50% for spend to buying VGA or ASIC mining cryptocurrency, invest some altcoins have potential in long-term, buy Gold and House for business
If i have a lot of Bitcoin, i will spend some of it and save some of it. Like i would like to gamble from some it. Then i will invest it for trading. Moreover, i will wait for that time when the amount of bitcoin will increase and then sell it.
Yeah. I will do the same as yours. If I have a lot of btc, 50% of it I will store in my storage 25% of it I will spend it and 25% of my money I will invest it to the trading world. I know by investing and storing btc is effective way to earn more btc. 
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.
Yes, spending some of your hard-earned bitcoin may give a different kind of fulfillment and will give you the motivation to work hard in bitcoin. You should always reward yourself for your hard work and not always focus on work.
If i have a lot of Bitcoin, i will spend some of it and save some of it. Like i would like to gamble from some it. Then i will invest it for trading. Moreover, i will wait for that time when the amount of bitcoin will increase and then sell it.
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.
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