Topic: If you have a lot of bitcoin, should you spend it or save it? - page 63. (Read 33373 times)
If I have a lot of bitcoin in my wallet, I will spend it to renovate our house and I give some to my parents , invest my money and the rest is I'll save it for the future.
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 that depends on you at the end, what are you going to do with your earning. But i must say that growth from 13 cents to 50 cents is nothing much, that is nothing compared to some other people that have a lot of Bitcoins. But that make person thinking, if you made 50 cents from 13 in 7 month, how much you would made if you invested a bit more, lets say 1300 dollars. 
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 bitcoin i will save it because it will increase its value as days past by. this is a good investment you save and you will reach your target price in the future.
Lot of bitcoin means lots of money so even if I spend some of them then it won't make any difference to me so if I have lots of bitcoins then I will spend them whenever I need and rest I will save for the future and spend when price goes higher.
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.
The law of 50's is your best bet and that will give you plenty of time and resources to completely jack it all up and lose everything by the end of the year. You guys are the fiber of our system, so please, make your best guesses and keep it going.
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.
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.
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.
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, its depend on the price of bitcoin though. But yes, imagine if you have 2.1btc 7 months ago, you will gain big profit right now, it called investment. But, you need to remember that the price of bitcoin not always increase, there's a time that bitcoins price can decrease too.
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!
Let us also say that you have 2.1 BTC and currently holds it. For sure it will not just go up a few cents if you save it, your money will be doubled or more of it's current value now depending on price movements that will happen in the future. You can either spend it or save it because if it was me I will for spend some just because im using btc not just to earn money, but I use it to buy something as well so I will hold most of it and spend some percent of the bitcoin I got. That case though of you having 50 cents now from 13 cents 7 months ago was caused by a price rise and many calls it as price being pumped. 
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.
You can do both depending on your needs and self satisfaction. You may spend some of your bitcoin just to satisfy your cravings or save it to earn or gain more. You can also spend it on investing in which you can really have a chance of gaining more money. At the first place itnis your own decision that will count anyway. But whatever decision you will make, assure that you decide wisely because having such a great amount like that is not a real joke. It is a real thing and money is one if the hardest thing to earn so you must use it wisely. You can spend it but never forget to save for future.
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 a lot of bitcoin and you dont need it much today just hold and save it until in reach your target price it will make you profit in the future. And if you need that money just sell 50% of your btc and hold the other btc and look after years the value of it will surely high.
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!
Your bitcoin’s growth will depend on the bitcoin’s price in the market. As you can see, in that seven months, bitcoin’s price had a sudden increased which have been very beneficial for those people who have invested in bitcoin and also for those who have been saving up bitcoin. This is the reason why your 13 cents has grown into 50 cents.
If I were you, I would not spend my bitcoin buying things that I don’t really need. Saving up bitcoin has been considered to be a good investment since its price is volatile compared to cash. There is this possibility that the price of bitcoin would continue to increase and having bitcoin in your wallet will be very profitable.
There is no problem if you want to use your bitcoin or spend it but you should think if you really do have to use bitcoin for that instead of cash who has a fixed value.
Perhaps for now it seems better to save and store bitcoin in the wallet, because it is an investment for a good future, rather than having to spend it on items that are not primary needs.
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 a lot of Bitcoin and you do not necessarily need to spend them then hold 'em as tight as you can. Having large amount means a huge profit when it spiked upward. If ever you need to spend then sell some and hold the remaining coins. Hold your coins while accumulating more, that should be the best strategy in the world of Bitcoin.
If i have 5 to 10 bitcoin i will convert it into fiat and spend them all. Buy all the needs of family ,start a new business and live a happy life. Im not a holder and i only losing the opportunity if i hold my bitcoins for a long time.
You already said why you wont be holding a few bitcoins. 
If your plan is to sell the coins then you wont be able to accumulate for the future,the best plan would be to start investing in promising projects and make sure that you will wait till you attain a good profit and then think about selling and setting up a good business. 
If i had a couple of plans to use the 2.1 BTC urgently I would spend it right away otherwise holding the bitcoins to gain a couple of more dollars on it would be a great idea
Yes if a person do not have any plan for to spend his bitcoins or we can say that if he do not have any need to spend his bitcoins then he do not need to sell his bitcoins and he have to wait for a more longer time having holding his bitcoins because it will give more profit in the future when a more bright time come to front in bitcoin. 
If it's only 13 / 50 cent i won't bother to save it because the gain will be minimum. It's different when we talk about 2.1 btc, that amount is quite small but okay if you want to hold.
Who would want to save a digital currency if you don't have any way or will to earn them right? If you will be saving in that number of cents, I would rather work for something that will make me earn bitcoins, that way I can save more. But I think 2.1 is quite an amount for me though, I will be converting it and when a dump comes, I will be buying some again.
If i have 5 to 10 bitcoin i will convert it into fiat and spend them all. Buy all the needs of family ,start a new business and live a happy life. Im not a holder and i only losing the opportunity if i hold my bitcoins for a long time.
people earn money to make their life more comfortable, so if I have a lot of bitcoin, then I will distribute my bitcoin for different purposes, I will reserved some bitcoin for spending and fulfilling my needs, I will invest some in bitcoin for the price increase, and will also try to convert some bitcoin in to my fiat currency and then I will like to invest it in my day business also. and I am sure that very soon I will get a lot of bitcoin and all my dreams will comes true. Jump to: