If you have a lot of bitcoin, should you spend it or save it? - page 7.

Lecsor

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Quote from: pginvest on October 08, 2017, 08:05:44 AM

It depends on a combination of your outlook and how much bitcoin you have, if you have a serious amount then perhaps you should consider living a little and spending some of it, if you have a little and you are trying to accumulate for the future maybe hold for now. Not an easy one size fits all answer.

Yes, much depends on living conditions. If you do not have enough money to live, you can sell a small part of the coins to feel good, and not be hungry and wait for a brighter future.

biskitop

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better I just save it and wait for bitcoin prices go up to the moon. after its price rises, maybe then I will sell it. I prefer to sell with large quantities, rather than a little.

Saveplus

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Quote from: FairUser on June 27, 2017, 12:01:11 PM

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.

If I should lots of bitcoin in my wallet I would save it and make it higher to make it profitable in bitcoin and when its higher I would transfer it in my bank account for the educational purposes of my children someday.

pginvest

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It depends on a combination of your outlook and how much bitcoin you have, if you have a serious amount then perhaps you should consider living a little and spending some of it, if you have a little and you are trying to accumulate for the future maybe hold for now. Not an easy one size fits all answer.

ArIMy11

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Quote from: eann014 on October 07, 2017, 12:23:05 PM

Quote from: kimpena on September 11, 2017, 12:49:44 AM

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 me too it is also hard for me to spend when I earned a certain that comes from my hardworks, so much time and effort and most of all if this is the first money I received in my first work. Bitcoin is my first work and my first earn is still in my saving. I want it to be dedicated to buy something especial, something I really like most, or something I am dreaming of like expensive foods or gadgets, or clothes. If ever I don't spending it, I don't want to give to someone just for me but if I they need money I am giving it.
We must know the value of money but we must not put the money above all things. Money is important.

djablom

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Quote from: Sled on October 08, 2017, 06:39:19 AM

Quote from: mel0924 on October 08, 2017, 06:23:44 AM

Quote from: Crapz23 on June 27, 2017, 10:58:10 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 lots of bitcoins in my wallet for now I will just save it and maybe after two to three years in time I will spend some of it. Bitcoins is a good investment for me and I believe that saving bitcoins can make a person rich. If you really want to become rich save bitcoins and let it their in the wallet for years and then you will see that you are rich.

Indeed, that is the simple way of getting rich in bitcoin. If a person wants to become rich but he want it to become true in just a short period of time then they just need to buy bitcoin and save or keep it on a safe place for at least 3 years and come back to check it and they will be surprised that their investment will be grown up too much than what they expected.

For me i save it.i spend this if the bitcoin high buying or i spend it if i buy a property but now i save it because i want to get more bitcoin.

I woul spend some and save some because you can spend some to start an real life investment and you could also save some for if that goes wrong 50/50 and if both go good that means you will have a lot of profit.

Sled

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Quote from: mel0924 on October 08, 2017, 06:23:44 AM

Quote from: Crapz23 on June 27, 2017, 10:58:10 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 lots of bitcoins in my wallet for now I will just save it and maybe after two to three years in time I will spend some of it. Bitcoins is a good investment for me and I believe that saving bitcoins can make a person rich. If you really want to become rich save bitcoins and let it their in the wallet for years and then you will see that you are rich.

Indeed, that is the simple way of getting rich in bitcoin. If a person wants to become rich but he want it to become true in just a short period of time then they just need to buy bitcoin and save or keep it on a safe place for at least 3 years and come back to check it and they will be surprised that their investment will be grown up too much than what they expected.

mel0924

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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 lots of bitcoins in my wallet for now I will just save it and maybe after two to three years in time I will spend some of it. Bitcoins is a good investment for me and I believe that saving bitcoins can make a person rich. If you really want to become rich save bitcoins and let it their in the wallet for years and then you will see that you are rich.

changcloy

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How I wish I had lots of bitcoin but if ever that I had well I'll spend some of my btc I will treat my family ,i will tour out of the country with my love ones and buy some stuff for myself and then I will save the rest of my btc as my investment..

oegarod

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Quote from: Blackwhite69 on October 08, 2017, 05:27:14 AM

Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

I will do half of the bitcoin income for long-term investing such as saving in a coin and half for daily expenses.
If spending all the results it seems we will feel the high disappointment if the price is high.

If you spend everything, then surely the user gets disappointed in the future. The entire asset grows just on the trust and little by little the people using bitcoin keeps on growing. So, before spending one need to calculate the profit expected after years. Based on that keep hold of certain volume and spend the rest.

Blackwhite69

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

I will do half of the bitcoin income for long-term investing such as saving in a coin and half for daily expenses.
If spending all the results it seems we will feel the high disappointment if the price is high.

bitcoin31

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If you have 2.1 bitcoin and you hold it until today when you started tjis topic for sure you will earn a lot of profit because as of now the price is 4490 dollars and continue to increase more for sure in the future. But if i that amount i will spend tha half to investing in altcoin and investing in ICO to make my bitcoin grow and the half for holding waiting price increase to make profit.

Noilee

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If i have a lot of bitcoin, i will spend it on my important needs especially for payments of billings. You will make decision or choices were to use your bitcoin, you save it or you better spend it but think of it first that only in the important things should be spend. I should spend it especially in emergency case, and for daily needs. But the best is you better save it so that you have a bright future someday, and you can earn profit.

faceoff97

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Storing bitcoin is an investment itself like what im always telling on my post. Store all you can and keep it in a long time and youll find your self gaining big amount of profit. Bitcoin value will continue to rise and there will come a time that only few people can afford to have 1 BTC. There might be sudden dump but it will not continue and surely it will pump again better way as it dumped. Bitcoin at the early 2000 is not that valuable, in fact they just use bitcoin to buy simple things. But seeing now, it unexpectedly grow and pump in value. It's not yet too late to store in your bitcoin, time will come that its value is more than you are expecting.

michellee

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Quote from: Xenoph0bia on October 08, 2017, 01:17:22 AM

Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

I think you should save and hold as much has you can because Bitcoin is hone the fastest growing investment in the world. It has shown tremendous amount of growth and same is expected from it in the future.
With the increasing popularity of Bitcoin, an increased value of Bitcoin can be expected.
Looking at the current rate of growth, the price of Bitcoin will surely cross the 10,000$ mark by end of 2019

yeah, he need to save more and more bitcoin from many ways so his money can increase in future. but if I see in his story, he started up with 13 cents and now he got 50 cents, I see his money is increase and what he need to do is save and hold like what above me said. we still have a chance to save bitcoin if we still trying to earn and its better if we do it from now on because we don't know when the price will increase later so never be late to make decision for saving bitcoin.

Xenoph0bia

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Quote from: Crapz23 on June 27, 2017, 10:58:10 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!

I think you should save and hold as much has you can because Bitcoin is hone the fastest growing investment in the world. It has shown tremendous amount of growth and same is expected from it in the future.
With the increasing popularity of Bitcoin, an increased value of Bitcoin can be expected.
Looking at the current rate of growth, the price of Bitcoin will surely cross the 10,000$ mark by end of 2019

BlueStackz

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Quote from: Merovius on September 30, 2017, 11:14:07 PM

If by "a lot" you mean really life-changing amounts of bitcoin like six figures or more in USD terms, then I would probably cash out some of it and convert it to other assets like precious metals, certain types of stocks that have "bottomed out" and are poised for major increases, and perhaps even other cryptocurrencies that are less valuable than bitcoin but still have the potential to return greater profits in percentage terms. Of course it doesn't hurt to hold some cash also just in case we have a deflationary collapse or even a natural disaster.

For amounts less than 100k USD, however, I would probably just save it, or "hodl" as they say...since the original poster was talking about amounts of bitcoin worth around 50 cents it would not make much sense to spend or cash out in this case.

This question may have asked by many members of this forum but if every time, the person is changed; we should answer him or her gently. It may be annoying for some people but I will help anyone who I think needs it.

If someone has a lot of bitcoin then he must start his own business and invest bitcoin there. When he earns profits, he must buy bitcoin with those and hold on until the next requirement or desire.

developer101dev

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yes for me if i have a lot of bitcoin,i should have save it rather than to spend for it..spending bitcoins only at the right time..save it for future purposes Kiss

wahb

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Quote from: eann014 on October 07, 2017, 12:23:05 PM

Quote from: kimpena on September 11, 2017, 12:49:44 AM

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.

I think that the outcome of all investors will enhance at the same speed by which bitcoins getting popurlity it means the more popurility the more will be the profibility so according to the present situation I will must save all the bitcoins which I have because I know that I will get more profit for tomorrow than today as I know that bitcoin will be more popular among the people in the coming years.

stolendata

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Quote from: Syella.A on October 07, 2017, 12:26:04 PM

if i have a lot of bitcoin, I will save for the next few years for my needs and to do trading if I need it. bitcoin will continue to grow rapidly as long as there are many who use it as the main currency in the world of crypto

Saving bitcoins is commendable and profitable so I will also gave preference to saving rather than spending but the saving will depend upon my wealth status by which I would be able to decide saving or spending bitcoins. But I will exercise my utmost efforts to save much more bitcoins for gaining a very sufficient amount of profit for my bright future as bitcoin is a unique entity which will fabricate all my dreams.

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