If you have a lot of bitcoin, should you spend it or save it? - page 59.

Intersan

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Quote from: NathanJB on July 02, 2017, 11:48:50 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!

If you have 2.1 BTC right now and planned on keeping them and not spending them, it's price will rise up not just in cents. Bitcoin is an asset right now whose value is rising very fast. If you have there some BTC or planning to buy some, it would be a nice investment to keep them for several months or even a year or two. You will earn big when the time comes.

If I had 2.1 BTC I would choose to divide it. I will keep some in my wallet and then I will invest again by buying bitcoin or in altcoins. The equivalent price of 2.1 BTC is just enough to have savings and money for investing. Investing today might be at risk because bitcoin’s price is decreasing but it is worth the risk. Bitcoin’s price had been down for a time and then suddenly increased and who knows, this situation might happen again.

Having such amount will be an advantage and it is up to us if how are we going to manage it. It feels good spending money especially if you are buying things you have been wanting for a long time but it is much better to be practical and wiser by using the money for investing and thinking about the future use.

Digitas

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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.

calandra78

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Quote from: wildflower18 on June 27, 2017, 11:50:49 PM

If i have a lot of bitcoin, I would rather save it than spending or wasting in any other things. Saving bitcoin for sure I will benefit of, because I know for sure I can earn profit. Hold, saving and earn btc.

I agree, if I had a lot of bitcoin I will also save it rather than spend it because we collect other than going to more then the profits will increasingly add at some time in the future. so if we spend the bitcoin we will only get the price right now and we also do not know what price will we be if we wait for some period afterwards. then for me the better I put it in the past and I'll wait until it's at great prices and provide better profits.

KingdomHearts

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Quote from: Finestream on June 29, 2017, 12:24:25 AM

Quote from: Sweetbtc on June 28, 2017, 11:39:11 PM

Let us simplify things, you do not have a lot of Bitcoin, so you do not need to worry about it. There is nothing in the balance that you have that can make your amount seem large here. There is nothing that you can do with that amount that will be too awful either way.

What OP is trying to say is "if", that means if time will come we will have a lot of bitcoin, what will we do then?
For me, I will surely invest by holding bitcoin because it is the best way so far to generate income, also I will put additional capital for trading to increase my earnings as a day trader.

I am delighted with your way of thinking but the truth is that you nor I have a lot of bitcoins so we should better not discuss it for now. Secondly what does a lot mean here ?
Around 50 coins may be a lot for me and for few may be 500 are not a lot. Everyone here has their own strategy of increasing their earnings and living their life.

NathanJB

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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!

If you have 2.1 BTC right now and planned on keeping them and not spending them, it's price will rise up not just in cents. Bitcoin is an asset right now whose value is rising very fast. If you have there some BTC or planning to buy some, it would be a nice investment to keep them for several months or even a year or two. You will earn big when the time comes.

mrjoy15

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Quote from: Xavofat on July 02, 2017, 11:24:31 AM

Quote from: Teraboy on July 02, 2017, 08:49:07 AM

Quote from: SilverPunk on July 02, 2017, 08:29:10 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!

This is similar to some questions here but if you dont want to spend just hold it for a long time surely you will make a good profit on it in the future and if you decide to invest it is much better if you split it and make savings and the amount you want to risk that you can afford whenever it loss or earn.

There are some project that has run by the worst dev, i remember one of them are bitcad, and in this time the project has turned to be the scam project that already scammed a lot of person. To investing our money will be involved a high risk.

Spending it in investments is extremely dumb.

Bitcoin is a currency. When you need to buy something with it or you have a good opportunity to spend it, do so. It's good for the merchants that accept it.

Otherwise, just hold it for longer.

YES! Bitcoin Price is moving, the price of Bitcoin has hit record highs in recent months. Bitcoin digital currency a good opportunity, because it an asset itself and has proven many times. I think it's time to hold tight and enjoy the ride!

Xavofat

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Quote from: Teraboy on July 02, 2017, 08:49:07 AM

Quote from: SilverPunk on July 02, 2017, 08:29:10 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!

This is similar to some questions here but if you dont want to spend just hold it for a long time surely you will make a good profit on it in the future and if you decide to invest it is much better if you split it and make savings and the amount you want to risk that you can afford whenever it loss or earn.

There are some project that has run by the worst dev, i remember one of them are bitcad, and in this time the project has turned to be the scam project that already scammed a lot of person. To investing our money will be involved a high risk.

Spending it in investments is extremely dumb.

Bitcoin is a currency. When you need to buy something with it or you have a good opportunity to spend it, do so. It's good for the merchants that accept it.

Otherwise, just hold it for longer.

hahay

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If I have a lot of bitcoin I will use my best for something that I think is good for me personally. Partly I would spend it if it was necessary and some I would keep for a long time and then the rest I would use to gamble. I'm sure we all have a plan if it has a lot of bitcoin because bitcoin is a very profitable source of extra income.

Monnt

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Quote from: Sled on June 29, 2017, 07:40:44 PM

Quote from: digaran on June 29, 2017, 07:00:29 PM

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

It is not a risky, bitcoin is completely trusted currency. Which is increasing on daily based. So it can take your investment to get in a future a big income from invested money. It can support your family as well if they are unemployed with a period of time. Because we know that it is increasing on daily based which is benefit to us. A time will come, the majority of the people will be using bitcoin.

Xester

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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.

Yes I agree with you. If you have a lot of bitcoins for me it is okay to spend some of it. Just to feel and taste the fruit of your labor. By doing that you will becoming more inspired on earning more. Plus you could always try to invest on something alongside with bitcoins.

Teraboy

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Quote from: SilverPunk on July 02, 2017, 08:29:10 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!

This is similar to some questions here but if you dont want to spend just hold it for a long time surely you will make a good profit on it in the future and if you decide to invest it is much better if you split it and make savings and the amount you want to risk that you can afford whenever it loss or earn.

There are some project that has run by the worst dev, i remember one of them are bitcad, and in this time the project has turned to be the scam project that already scammed a lot of person. To investing our money will be involved a high risk.

Capradina

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Quote from: GoodLuck2 on June 30, 2017, 02:50:58 PM

Quote from: cyclotronmajesty on June 29, 2017, 10:26:56 AM

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes you are right that you will not spend it if you have a lot of bitcoin and save or hold that is good because in coming future its price will be goes to high, and if you kept for future wow! The bitcoin value will be more increase and your money will goes to moon .

Well, it is all possible in future may occur. Bitcoin is a cause of the latest technology to current and future likely will be one of the most interest in technology and use. But it's all too dependent on the update will happen in the future, if at the time of the bitcoin still more superior then surely prices will be quite remarkable, given the economic growth each year is always up and experienced a tremendous improvement. but it all must be based on a strong data and predictions

SilverPunk

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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!

This is similar to some questions here but if you dont want to spend just hold it for a long time surely you will make a good profit on it in the future and if you decide to invest it is much better if you split it and make savings and the amount you want to risk that you can afford whenever it loss or earn.

kryptqnick

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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.

Pierre 2

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I still believe that spending bitcoin in current volatile trends is loss.
You could gain lot, LOT by day trading. Or even holding long.

Vishnu.Reang

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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.

Theb

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Quote from: zulkarnaen on July 02, 2017, 03:42:14 AM

If i have a lot of bitcoin, of course i will invest some for my future and my family, and some i will use for trading. And to spend bitcoin seems to need a wiser consideration because for me bitcoin is a valuable asset to me, and if not in urgency i certainly will not spend it.

I guess the you have the whole concept of it wrong these days investing and trading can now be used interchangeably in cryptocurrency world which means it is only one thing. Because Investing actually means that you hold it for a year or more which you will barely see in this market. Now if you really have a lot of Bitcoin it all goes down to personal preference in which a person decides if he/she would spend or save Bitcoin.

zulkarnaen

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If i have a lot of bitcoin, of course i will invest some for my future and my family, and some i will use for trading. And to spend bitcoin seems to need a wiser consideration because for me bitcoin is a valuable asset to me, and if not in urgency i certainly will not spend it.

Sled

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Quote from: blakegrr on July 01, 2017, 04:45:56 PM

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!

That means that your 13cent on your wallet have been goes up the value. I mean the value of 13cents of bitcoin 7months ago was 50cents right now. It is good that it almost quadruple the value of your bitcoin on your wallet but yet it is too small investment from you.

You can't go anywhere with just 13 cents and if i were i will make an investment for at least $500 and i will hold it for long term and expect a quadruple times of my investment because bitcoin never fails me to surprise so i think the price can easily reach a higher price very soon if the things will be just good and not goes wrong or else we will see a huge dump for bitcoin.

blakegrr

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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!

That means that your 13cent on your wallet have been goes up the value. I mean the value of 13cents of bitcoin 7months ago was 50cents right now. It is good that it almost quadruple the value of your bitcoin on your wallet but yet it is too small investment from you.

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