If you have a lot of bitcoin, should you spend it or save it? - page 6.

crazycatwoman03

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Quote from: grayhound on October 09, 2017, 07:06:23 AM

Having a lot of bitcoin is overwhelming i would invest part of it for a long term plan for me to be able to generate profit in ten years time. Some i would spend and i will the things that i needed and i wanted and will share it with my love ones.

Yeah it would be a smart move to invest your bitcoin if you have lots of it. Investing sounds scary because you know that you will be risking your money but I think that it is worth the try. If I have lots of bitcoin, I would use some of it to have a business that I know I will have a long-time benefit. Here in our place, we lack in infrastructures that will efficiently accommodate the town visitors so I am thinking of investing in a hotel that will serve the best foods in town and give the best service. Investing in businesses will surely give us something to hold on for a long time and if we succeed, we might expand the business to branches for more profit.

grayhound

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Having a lot of bitcoin is overwhelming i would invest part of it for a long term plan for me to be able to generate profit in ten years time. Some i would spend and i will the things that i needed and i wanted and will share it with my love ones.

JakeRTFM

newbie

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Two option :
1) Keep It
2) Spend it to get more BTC.

Today, only a few people use bitcoin. Only a few have some bitcoin. And only a few spend it to buy stuff or invest...
Do your neighbors have some bitcoin ? Do they use it ?
No ? ==> Not yet ! So when more people will use it, when more people will have some ... the value will increase.

IAMYOURLEADER

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The smartest thing to do right now with bitcoin is to save it. I know everyone will agree with me because we all have the same goal which is for btc to reach an all time high that is $10k or more than that. It's just unreasonable for me to use btc to buy things which I can buy using fiat.

Nahl

legendary

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bitcoin has provide huge profit for those who save it for long term purposse even i saw in this forum some people had huge profit from their patience to hold bitcoin for months or for years but if some people have huge amount of bitcoin i think is not wise act if keep them idle into their wallet because with bitcoin there are several opportunity to makes money such as trading and separated it 50% for long term investment and 50% for capital amount to starting trading from their asset will be good rather than let them all idle

Xester

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Quote from: PizzaBTC on October 09, 2017, 06:37:50 AM

Quote from: mozillaspez on October 03, 2017, 11:47:15 PM

Quote from: arbelian on October 01, 2017, 01:12:01 PM

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.

That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.

Saving is better than spending but it should not be like saving and saving. You are ruining your present day for better future, I don’t agree with this. There must be a stable division between your expenses and investments. You are doing so well if you are dividing your investment in saving plus spending. Everything should be on this formula, life is set.

Well, it does not have to be saving and saving, because you do not know how long you will live. In any case since the question said that if we have a "lot" of bitcoins, then I will just spend part of it. Let us say 40% of it will be spent. Since we are all here because of money. We are all here because we want to have a comfortable life. We are here to earn and have money. So basically, we are here for bitcoins to be spent. But of course we must be wise. I will keep the remaining bitcoin to secure my future and that of my family.

PizzaBTC

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Quote from: mozillaspez on October 03, 2017, 11:47:15 PM

Quote from: arbelian on October 01, 2017, 01:12:01 PM

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.

That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.

Saving is better than spending but it should not be like saving and saving. You are ruining your present day for better future, I don’t agree with this. There must be a stable division between your expenses and investments. You are doing so well if you are dividing your investment in saving plus spending. Everything should be on this formula, life is set.

fullhdpixel

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Quote from: muhammad-adnanzain on October 01, 2017, 02:02:53 PM

Spend it when we need it, if don't have any need then save it for later. We don't know the fate and bitcoing to where, is it going up or going down. I prefer save it and collect more until time to spend it when i need to spend the bitcoin.

I will also go for saving bitcoin until and unless I am in desperate need of money. It sir not recommended at the moment selling off bitcoin because it has not yet bloomed at peak. To enjoy the unbelievable profits from bitcoin, we need to be patient with bitcoin and save them in wallet as long as we can because they are perfect for secure future.

ramsdaj28

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اللعنة

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 some bitcoins, it doesn't mean that you'll always profit in the course of time, especially in investing in cryptocurrency. Do not expect that if you deposit or dump your money in your wallet, your money will grow without doing anything. The change in price also depends on the wallet that you are using, since each wallet supports different exchange sites, and each exchange site has different exchange rate for each cryptocurrency. You can either save your money if you have bigger plan in the future, or spend it if you badly need it now. But if you really want your money to grow (especially if you have more than 1 BTC), try investing in trading sites, and do the risk on your own.

meebs

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I was spending my bitcoins on gambling sites in the past when the price was too low but now I cannot afford to loose even a small amount of it in gambling as it takes really hard to earn even a small portion of bitcoins so now even if I have lots of bitcoins I will prefer to save it for long term to make bigger profits from it by selling when price will hit the moon.

thet

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elysian.finance

Save some portion of my earnings and spend atleast 20% of that since i have my job.

crazycatwoman03

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Quote from: phr0stbyt3 on October 08, 2017, 03:18:22 PM

It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

Maybe you are right, saving of bitcoin gives an additional profit but what if this crypto-currency was crash?

For me the best decision that I will do is to hold some of my bitcoin and the other was converted to fiat, then use it to a business to make sure another source of income. In this way we make sure our future, since bitcoin now has a good images and successful, give some time but don't forget your duty to the other job. Those job/business will help you to success.

francesyrus

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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 I have 2.1 BTC I provably do this:

1.0 BTC I would save it for my families future
0.5 I'll use it for trading to buy and sell different altcoins
0.1 I'll donate it to my sons SPED school to be used my some special children for their therapy
0.25 for may parents and;
0.25 for my family ofcourse to buy stuff this holiday season and some local travel.

terbetet

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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 I were you having such a great count of 2.1 BTC in my account, I will feel so blessed because it was really a big quantity of money in our current time so if I were given a chance to earn or to have such a great count, I will surely save the biggest percentage of it as possible since bitcoin was a fast growing currency, I am assured that in the future my money will cost more than enough to be possible on sustaining my future goals and purposes.

pungopete468

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Quote from: phr0stbyt3 on October 08, 2017, 03:18:22 PM

It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

That's the right choice saving is better in compare to spending unless you are in need of money as price will achieve new heights in future so to make higher profits from it you should cultivate habit of saving it and if you are satisfied with the current price then you can sell some of it to make profits or else wait till it hits your target price.

phr0stbyt3

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It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

Best Dreams

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Quote from: eann014 on October 07, 2017, 11:23:05 AM

Quote from: kimpena on September 10, 2017, 11:49:44 PM

If I have a lot of bitcoin, of course I will save it. But not all of it, I will also spend some for my enjoyment. Its not bad to spend some, you must have limitations in spending to avoid losing all of it.

That's true, especially when we will use it for our family and for our everyday needs. But if that bitcoin is come from my hardwork, it is hard for me to spend it maybe I will save it and wait for the price to wait.

Yes indeed I will also keep it save when I have a lot of bitcoin because I will wait for right time when it’s come to his high price then I will sell it because I want to use it in my business and I am sure it will really help me in my business because one of my friend also sold his bitcoins when the price was high at that time now he has his own business.

Nathland

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Quote from: Chienna on October 08, 2017, 10:48:17 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 I have a lot bitcoin first thing yhat I will do is save it. Because saving money is important for the future. It helps people to be responsible. Save it and make it become bigger. Bit of there's an important things you can buy it but should know your limits.

First of all,if I have a lot of bitcoins,I will save a part of them for future or emergency purposes.The remaining part I will trade or invest or maybe I will spend on something which is of great importance to me.By saving I will get more of them in the future.

Chienna

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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 I have a lot bitcoin first thing yhat I will do is save it. Because saving money is important for the future. It helps people to be responsible. Save it and make it become bigger. Bit of there's an important things you can buy it but should know your limits.

RayvenPierre

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★Bitvest.io★ Play Plinko or Invest!

I'll just save and keep it. It would accumulate a lot more if you just keep it and hodl on your bitcoin. But if you wanna spend it its good too but don't use and spend all of it if thats all you have so you can still have something as an investment.

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