Topic: If you have a lot of bitcoin, should you spend it or save it? - page 65. (Read 33373 times)
I will just save it because i would rather keep it for long term rather than spending it on useless things. If i were going to spend my bitcoin, i will just spend it on trading or investment that can help me grow my bitcoins because the only thing that i put in my mind set it just save, earn and grow my bitcoin because i will just sell it when i really need money because i don't need to rush cashing it out because i might lose the opportunity of selling it for a high price.
Depending on what you need. I mean, if you do not really need the money and you are for really investing then you have to invest/save it. But since you have a lot of it you can actually both, spend and save at the same time. We know how much is the worth of bitcoin, so better if you spend it to save. Spend some for you to earn some. And you could always spend for some wants because that is what the use of money, to spend and be happy.
You said two very smart things, spend some to earn some, more spending can bring more profit, but all that is in vain if there is no happiness, without happiness why would we live. Should someone spent or save bitcoins is personal decision, and that should be made after summing wishes, needs, and obligations.
For people who doesn't know where and how to use bitcoins then saving is recommend I think, that will bring profit in future and that is better then to spend it on something stupid now, so keep them while you don't find some perfect way to use bitcoins that you have.
Depending on what you need. I mean, if you do not really need the money and you are for really investing then you have to invest/save it. But since you have a lot of it you can actually both, spend and save at the same time. We know how much is the worth of bitcoin, so better if you spend it to save. Spend some for you to earn some. And you could always spend for some wants because that is what the use of money, to spend and be happy.
There are so many options out there for you. And it solely depends on you on whatever you want to do with the amount you have on hand. You can even add more at this time since the price has been on a downtrend the past few weeks. Or if you have something in mind that you want to purchase using bitcoin, be it legit or underground, the choice is all yours. And if you aren't really sure what to do, the best thing is not do anything at all and just hold your bitcoin and just watch it grow over the years.
It depends on how many coins you have, right now I have a significant amount but not enough to live a carefree life. Once I reach the point where I want to enjoy my earnings that is when I will spend bitcoin and at that point even though I know it will go up more I won't care because I'm already rich enough for my life.
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 depends on the situation though, If you have a lot of bitcoin and the price of bitcoin is high that time, you can try spending it and convert it to fiat money because that way you'll end up spending a lot less that you actually have and when the price of bitcoin is so low try to hold it or invest your spare money to it and you'll end up gaining much more than you actually invested. 
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 is simply called appreciation. 7 months is quite a long time and the price has gone up by a seriously large amount. Over that amount of time the price has risen over 100%. The price has gone from around 1 thousand dollars to now almost 2 and a half thousand dollars. If you had 2.1 Bitcoin 7 months back, you would not just have earned mere cents, you would have earned over 3 thousand dollars. What I am trying to say is that you shouldn't spend your Bitcoin at the moment as the price is fluctuating a hell of a lot. It went down to 2.3 thousand the other day and now it is back up to almost 2.5 thousand. Just wait a bit longer and continue monitoring the prices.
I will hold it for a long time, this bull market makes me a believer
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!
Are you sure you have 2.1BTC because when we talk about bitcoins we dont talk for cents but for tens or hundreds of dollars.
If you can "forget" about your bitcoins then this is the suggestion from my sode, hold as much as you can for a longer 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?
Yes. But not just cents it can even be hundreds or thousands soon.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!
It's because the value of bitcoin is increasing. And it's like an interest is making the value of your bitcoin higher. So it's up to you if you can still wait a little bit longer and just hold it.
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!
You will earn not just cents by saving that amount of bitcoin cause as you can see it goes up 3x but still it depends on the situation, I don't see any reason to spend it as you can only buy few things using bitcoin I will probably sell it now for me to have a large business, but if you already have a weekly, monthly or daily income it is okay to just save it and wait for years for it to grow who knows maybe after a year that 2.1 btc worth almost $2500 will became a million dollar.
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!
2.1 BTC is not a lot if want to have a good future, since it's not a lot you should not be spending it since you want a profit on your investment.Be smart, increase that amount but constantly investing and set a value where you can sell for a profit, it does not need to sell it all but it is always recommended as an investor to reward yourself, always hold longer because it's already proven it gives more benefits to us.
Why choose if you can do both? I set my goal upon joining bitcoin 50% will go to my expenditure and 50% will go to savings in that sense I can enjoy my earnings and at the same time put some of it for future.
If I got a lot of bitcoin first I will invest it to a business so that I have a profit for the future of my kids.I really have to save for my kids future then I can go out with my family to have bonding and shopping and have some fun as a get together.
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.
Yes, save bitcoin will create benefit to you, saving money through inflation is worse, slowly transferring all my saved income into bitcoin. 
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.
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!
am i the only one that can't make sense of this question at all!
you say you have a lot of bitcoin then you say you have only 2.1BTC and then you continue with saying it is worth 50 cents!
are you sure you are not confusing bitcoin units? 2.1 bitcoin is worth $5200 and if you have this much prices never go up a few cents. you can see from these past few days price went down to $2200 and back up to $2500 that is a $630 change on 2.1BTC!
Yeah as all here is saying, it depends on your fiancial needs. Also an individual preference.
Not to go some technical, if I have that amount of btc I think it's not enough for me to spend a lot of them. I'll save the 2btc and withdraw the remaining for my financial needs. Buy the things that I wanted, travel a little ( to spoil myself ) and a treat for my family. I think that's well spent.
Hold your btc as long as you don't need them as a fiat.
Not to go some technical, if I have that amount of btc I think it's not enough for me to spend a lot of them. I'll save the 2btc and withdraw the remaining for my financial needs. Buy the things that I wanted, travel a little ( to spoil myself ) and a treat for my family. I think that's well spent.
Hold your btc as long as you don't need them as a fiat.
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 is your profit that you gain by storing your btc. You gain only a few profit because of the small amount that you invest. I prefer to you to store many bitcoins for you to have big profit. 
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 in possession, do whatever you want with it. You want/need to spend it? Then do so. You want to save it for future purposes? Do so. The only one who can answer that is the owner itself, you. But as an experience Bitcoin user, it is best to keep your Bitcoins and just spend some if you urgently needed to. Investing them is also a good decision in order to gain more.
Yeah its always good to keep bitcoins for future and try not to spend them now as price is not too high at a moment so its better to save them or else invest them in multiple altcoins and if your decision goes right then you will be making some really good profits in quick time and it will also allow you to grow your bitcoins in long term.
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