when should bitcoin hodlers start spending ?

desi92

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

At some point, when like to enjoy their profit, spending will begin.
If trader want to go to vacation, so they should sell bitcoin to spend on vacation.

Jaya912

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

Some of people who get income from bitcoin only, they spend bitcoin every month.
They will convert into their fiat money to buy what they need like food amd something else.

roddy5

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Quote from: Yakamoto on November 05, 2017, 09:15:16 PM

Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

Whenever they want to. How are we supposed to decide when someone is going to start spending their money? They can hold until they think that they have made enough off of their holding, and then they can choose to start spending. It all comes down to the individual's desire to hold, and nothing more than that, really. You cannot decide what someone wants for them, it is entirely up to them to choose when they have enough money stored up and they have the desire to spend money on something.

If they never have the desire to spend, so be it.

It will depend on the hodlers, If they are hodling the coin just for the future then there is a low chance for them to sell it. What they are waiting is for the coin to be priced thousands of dollars before releasing the coin. For people who just have coins and used it for daily expenses then expect them to spend the coin every time.

eldrin

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When we really need to. Personally, I convert my bitcoin into fiat when I don't have funds and I really need to buy something. Or sometimes, if the price already reached the price we set or planned to convert it back to fiat. Or when you set a date, 2 years after having that bitcoin for example, then it's already time for me to convert it to fiat and spend it to whatever it can buy.

Fundalini

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I think its arbitrary since its your own money to begin with. It is much better though if they could reinvest their funds to other things that would profit also otherwise if its just for liabilities...I'd consider it a bad decision.

frankbitcoin

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now. convert fiat currency to Bitcoin to add to the transaction volume on the network. You can still HODL. replace your spends with BTC purchases. wash and repeat. this helps Bitcoin more than you think!

salihno71

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There are three (that i can think of) milestones/events which could trigger hodler to spend his bitcoins:
1. One needs fiat to purchase something.
2. BTC reaches desired value.
3. Waiting period (as determined at some time in past) is over.

MoonJeina

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

I think they should start spending at any suitable time . I mean this is the best time for me to do the spending . Bitcoin is at such a good place right now , anything i will spend from bitcoin will be a good investment . In future , there is no guarantee when the price will fall . It is quite wise to hold bitcoin but i don't think you should hold it for a very long time . Its getting collected in order to get spent eventually .
Bitcoin is eve changing . One cannot wait for years to get its highest value for spending.

ryryande

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in my opinion i think spending bitcoin every time is not a problem because someone right now is using bitcoin as a currency or using bitcoin to live for everyday life
because i know someone who doesn't hold bitcoin too much longer but spending it every time he receive his salary from bitcoin, every participants have their own
reason even me, no one can tell when will we spend our bitcoins.

zenrol28

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

Anytime they like i think. Depends on how long you can resist the temptation or how hard is your faith in bitcoin. As long as you won't regret spending its ok.

Kronos21

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Quote from: hasmukh_rawal on November 06, 2017, 08:23:39 AM

Spending it as a payment will take some time since the majority of the public are not aware of Bitcoin's existence yet. When large industries will implement BTC as a source of payment then people will be able to spend it. The price of Bitcoin has to be stable in order to accomplish this. People are now holding it as an asset and not using it as a currency. This is what making Bitcoin's price going up and up.

The company will begin to pay people a salary in bitcoins. In order to maintain the required amount of coins you need to sell your products for bitcoins, or mine them. It seems to me that this will create additional difficulties. So the company will be always to be paid in Fiat.

Wexnident

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

It will depend on the holders whether they will sell it already or not. And maybe situations and their satisfaction will be a factor for them to know when is the right time to sell. If they are in need of money they would probably sell it and same thing will happen if they are already satisfied with the current market value.

BlackPanda

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Quote from: hasmukh_rawal on November 06, 2017, 08:23:39 AM

Spending it as a payment will take some time since the majority of the public are not aware of Bitcoin's existence yet. When large industries will implement BTC as a source of payment then people will be able to spend it. The price of Bitcoin has to be stable in order to accomplish this. People are now holding it as an asset and not using it as a currency. This is what making Bitcoin's price going up and up.

Most people think of Bitcoin as an asset and also an investment, it is true because the number of places that receive Bitcoin is not too much then it causes the intensity of Bitcoin to be used as a fairly small currency. Bitcoin owners today are traders who have a goal to be able to earn profits. So we must think that someday we must use Bitcoin as currency because by using Bitcoin as a currency then we can develop Bitcoin much better and beneficial for the financial system in the world.

hasmukh_rawal

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Spending it as a payment will take some time since the majority of the public are not aware of Bitcoin's existence yet. When large industries will implement BTC as a source of payment then people will be able to spend it. The price of Bitcoin has to be stable in order to accomplish this. People are now holding it as an asset and not using it as a currency. This is what making Bitcoin's price going up and up.

TrumpD

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

The truth is that you cannot hold forever, I mean what is the point to doing that. To each his own, I feel there is no particular time to sell. Sell/spend when you need to, and also sell when you are in profit to offset some of your cost. Selling gradually with every major price increase is the best way, this way, when the price crashes - it will at some point - it wouldn't hurt as much.

djgtr

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Quote from: pecson134 on November 06, 2017, 06:59:59 AM

Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

It is upon the discretion of the holder if they still want to hold or to sell their bitcoin at this point in time. One factor that may affect them probably is the urgent need of money. Urgent means that they need as soon as possible and if they don't have the cash on hand then they had no choice and would go with exchanging bitcoins to cash. Other possibly hold them for better chance of a higher profit.

well i believe it is good to spent bitcoin when it is needed or maybe theres an emergency to be paid. Because spending btc is really such a kind of wasting if you only spend it through things that is not nessesarily needed in our daily life of living.well that was really my openion the holder will be the one to decide on when is the right time to spend thier bitcoin but i suggest that spent it trough important things.

loragean03

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I think they start to spend their bitcoin after they reach the goals they settle. most of us are want to have a big profits in the future, so we wanted to hold our coins for more years, for example me I want to hold my bitcoin for more than 3-5 years from now, after that said date I will spend all my bitcoin whatever happens on that date, because you set a date when you want to earn profits, but if its not earn more, considered it as a bonus to spend for that time.

spadormie

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Well this is the rule of mine, if you needed the money, withdraw. But if you do not need it still, don't withdraw, just HODL. That is my rule, and I am telling you, hodling is a great act

pecson134

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Quote from: Millzp0 on November 05, 2017, 08:48:23 PM

HODL/Investment = Profit
at some point spending will begin...

It is upon the discretion of the holder if they still want to hold or to sell their bitcoin at this point in time. One factor that may affect them probably is the urgent need of money. Urgent means that they need as soon as possible and if they don't have the cash on hand then they had no choice and would go with exchanging bitcoins to cash. Other possibly hold them for better chance of a higher profit.

Laughtrixx

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I think that if holders think they made enough money or think they can't make more they should try to trade or spend bitcoin because bitcoin is not made to hold it is made to spend.

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