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!
Most time it is advisable to save only when you can run your day to day expenses and still left with some money in your wallet. If your current 2.1 bitcoin in your wallet is not to be used in running your day to day expenses, I will advise you to invest in altcoin or if you are afraid of investing it in crypto currency you can equally hold your bitcoin pending when the market value increase so as to make profit. 
Topic: If you have a lot of bitcoin, should you spend it or save it? - page 61. (Read 33373 times)
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 ever I have a lot of bitcoin in my wallet address, the first thing that I am going to do is, I will keep and still hold it in a long term.I will sell it only once it reach the high peak level of price that I've been waiting for which is 10,000$
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, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high
I will just save it for long term and i will not spend it because it is not a good idea for me to just spend bitcoins to useless things while i can just hold it and let the value of it grow into a bigger amount that i can enjoy on the bigger things after a few years. I won't settle for small happiness because i want extra ordinary happiness like spending my bitcoins to buy a new sports car.
I think it would always be a game of saving and the spending it at the right time. Saving it would carry a hope that its value may rise in time while not spending it right now may be a reason that its value may decrease. So o think it is always a gamble and for me, I'd always choose to spend some and save some.
I will just save it for long term and i will not spend it because it is not a good idea for me to just spend bitcoins to useless things while i can just hold it and let the value of it grow into a bigger amount that i can enjoy on the bigger things after a few years. I won't settle for small happiness because i want extra ordinary happiness like spending my bitcoins to buy a new sports car.
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, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is highEven 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, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is highI agree we should always have plans when to hold and when to spend bitcoins. Holding and saving bitcoin is always a good to give us profit especially when the market is in the process of saturation since there will be adoption, demand and price increase. But we should also know when to sell to book the maximum profit of our bitcoin holdings. If we do not spend bitcoin at all then how can we enjoy the profit that is already in front of us. Besides we are holding and saving bitcoin for the purpose of increasing our financial stability.
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.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 real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.
That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.
Well if you never spend your bitcoin you will never enjoy it. Like you said you don't need to spend a lot to reap the benefits of bitcoin and in the future you would be able to get even more benefits. I tend to spend a little bit each time bitcoin reaches a new threshold price so my assets are growing and I enjoy my earnings too.
If I have lots of Bitcoin then probably there is nothing wrong if I choses to spend them since I can afford to spend bitcoin due to the fact that we assume i have lots of it. I will keep those bitcoin is not needed for converstion and will wait till the price of Bitcoin goes up so that I can have more fiat currency once I decided to convert it to fiat. I believe I can see several ATH before that many bitcoin is depleted.
I have nothing against people spending Bitcoin though wouldn’t you want the whole Bitcoin project to grow by holding your coins?If you have enough money and enough Bitcoins then what is the point of spending any Bitcoins on anything? If I had both then I wouldn’t spend any Bitcoins.
And how can a whole project of bitcoin grow if we will not allow the transaction of bitcoin to flourish? For a project to grow, there should be transactions, adoption and development. How could one project grow if there is no adoption? And how could people adopt bitcoin if there is no one selling it? All should be in a balance in order for a project to grow. Holding, spending, adoption, development and project growth this should be in harmony.
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, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is highAs 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.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 real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.
That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.
Well if you never spend your bitcoin you will never enjoy it. Like you said you don't need to spend a lot to reap the benefits of bitcoin and in the future you would be able to get even more benefits. I tend to spend a little bit each time bitcoin reaches a new threshold price so my assets are growing and I enjoy my earnings too.
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.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 real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.
And the good thing if you are holding a good amount of bitcoin invest it and scale them can increase the amount while you are spending bitcoin for useful thing that you can earn more bitcoins ..
Just like you use the money you earn in bitcoin and buy hardware miner or build your own mining rig.. it can increase the amount of your bitcoin.. and you can spend more bitcoins for maintenance of your miner..
it is hard honestly to earn 1 btc this time unlike before that bitcoin is pretty cheap you can earn 1 btc fast if you are doing multi tasker or you are in altcoin section and get some bounty lots of alternative before that you can earn bitcoin easily and bonuses that you can get in gambling before. unlike right now that are really hard to earn so spending your bitcoin a lot you are just wasting the potencial of the amount you spend from increasing value of bitcoin..
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, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high 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.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 real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.
That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.
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.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 real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.
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. 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.
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.
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.
If I have a bitcoin, I will use 20% for shopping and the rest to invest 
Of course if i have a lot of bitcoin i will use it well. Of course my first priority is to grow it in investments or other methods then other I will use to save and if the rest you can use to spend the stuff you like. But my priority is to grow 
Having a great count of BTC should trigger you to save it because it is really hard to reach such big amount. For you to be ablento satisfy yourself, instead of choosing, why don't you try doing both. You can spend at least 10-20% of your money for leisure or investments so that your money could gain more profit. Otherwise, save the remaining money of yours because bitcoin's price is stipl unstable and the possibility that your money will gain more is always there. Just put up some capital on investment and save the profit you gain and spend money again so that you can gain more counts.
If you really have a lot, like 1 million USD worth of Bitcoins, I think you should spend it. It's already a life changing amount, don't risk it and don't wait because you could die and never have enough time to spend it.
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