i dont understand, you said you have 2.1btc, and now you said 50cent worth of bitcoin..
if you beleive it would goes to 1mill perbitcoin, keep that 50cent untill it reach that value, otherwise you did not goes bankrupt if btc did not reach that value
Topic: If you have a lot of bitcoin, should you spend it or save it? - page 66. (Read 33380 times)
Depends if you really need to use it. If not it's better saved for what you yourself mentioned was an increase in value. Of course you have to be always informed with trends. If you are using an exchange with a low spread you might profit by converting some of it into fiat during all time highs and use that money to buy during plunges.
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.
In situation that you describe you probably should save it. The amount is small and make no difference at all. If you could earn bitcoin than I think that the best is to spend some and save some too. I do that way. With 2.1 btc I would probably spend small amount because bitcoin is additional income source to me and I really think that price will go up even more so I would like to have as much as I can gather for the days that comes...
It depends on what you want to do. If you want to make fast profit than it is better to sell them and buy some altcoins. If you want to take some long run, than just keep them and get some big profit after an year or two 
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 question looks to me as if you think that you received some sort of interest, so just to clarify: Note that this increase is due to a rise in price, which can move both ways.
Come back again in a few years, that 13cent might turn into a few dollars.
Seriously, if you have a few bitcoins in your wallet, how you spend/save it depends mostly on the status of your finances. If you can support all your necessities with the fiat you have and bitcoin is purely speculation or investment, then you will not spend it and hodl forever. But if you need bitcoin to help your finances, I am sure you'll spend it even if everyone else tells you to hodl.
Seriously, if you have a few bitcoins in your wallet, how you spend/save it depends mostly on the status of your finances. If you can support all your necessities with the fiat you have and bitcoin is purely speculation or investment, then you will not spend it and hodl forever. But if you need bitcoin to help your finances, I am sure you'll spend it even if everyone else tells you to hodl.
If I have lot of bitcoin in my wallet then I won't hesitate in spending some of them when I am in need of money and most of them I will save for the future and use of them in trade and investment to grow my bitcoins in long term so even if I spend them sometimes I always have an chance to recover them back by investing them in trading.
I took the same position. I think that bitcoin must to circle to stay in demand and continue to grow in it's price, but I put on a side 20% of my weekly earning, so, I kinda kill two rabbits by one shoot 
If you have a lot of bitcoin there's nothing wrong if you want to spend but you should also think about your savings . For me, since the value of bitcoin is changing very often that it could potentially jump up on a particullar time I will be more focused on saving it as well as making it an investment and avoid spending too much . Nowadays, we should always think about our investments and learn how to manage our expenses .
For me, I would say that I would save it if I had a lot of bitcoins. Though with your case, OP, you are saying you have 2.1 bitcoins, that's not really significant to impact it with price increases from time to time. I recommend saving because even up to now, I think bitcoins are still under-priced and its price will go up some more in the coming months.
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 should not have asked in such zig-zag manner. As far as to me, your question is regarding whether to hold Bitcoin or spend it. This question have been answered many times. All depends upon your needs. If Bitcoin is your only source of income then you have to neglect investment aspect and spend it more often. But if Bitcoin is your compliment earning then surely should save it who knows your 50 cents turn 50 dollars tomorrow.
If I had 13 cents on my wallet mate I wouldn't have bothered to post here about it. holding coins could only work for random individuals
Each holding a few Bitcoins and not everyone should do that, could you imagine if you were holding some other coin it's price ever increase?
It wont work with other coins only Bitcoin.
Each holding a few Bitcoins and not everyone should do that, could you imagine if you were holding some other coin it's price ever increase?
It wont work with other coins only Bitcoin.
I will just save it. Hold it long term. As long as there's no reason for me to spend it, I will keep on saving it. I know that your hand is getting itchy and you want to spend all of your money at once. You might want to even buy the things that you wanted for so long. Sure, you can do that. But you will regret it later when the price of bitcoin starts to increase. You will think to yourself, "I could have bought better gadgets if I cashed out now instead."
It's always a good thing to travel, buy things that you want, or do whatever you want with your money. But I wouldn't do that with my bitcoins. I'm always thinking that if I had cash instead, I will recklessly spend it because I don't have to think about the value of the money that I'm using to increase in the future.
With that, what I do is that I cash out 0.1BTC worth of cash whenever there's a major price increase. Just so I can buy the things and foods that I want every now and then. I don't want to just keep on earning and saving and ending up never getting to use the money that I spent a lot of time on to earn.
It's always a good thing to travel, buy things that you want, or do whatever you want with your money. But I wouldn't do that with my bitcoins. I'm always thinking that if I had cash instead, I will recklessly spend it because I don't have to think about the value of the money that I'm using to increase in the future.
With that, what I do is that I cash out 0.1BTC worth of cash whenever there's a major price increase. Just so I can buy the things and foods that I want every now and then. I don't want to just keep on earning and saving and ending up never getting to use the money that I spent a lot of time on to earn.
If I have lot of bitcoin in my wallet then I won't hesitate in spending some of them when I am in need of money and most of them I will save for the future and use of them in trade and investment to grow my bitcoins in long term so even if I spend them sometimes I always have an chance to recover them back by investing them in trading.
This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really 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!
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