Topic: when should bitcoin hodlers start spending ? - page 2. (Read 661 times)
I will not be ashamed of holding it for too long. It is anyone’s choice for in the first place they deserved to do whatever they’ve wanted for it is much more worthy when bitcoin price is increasing. Those who spent they’re bitcoin for unreasonable things are mostly a rich kid that don’t have the need for more profits in the future. But some ordinary like me needs it to grow.
I think you should hold as much as possible and for as long as possible, but it's perfectly normal, and actually good for bitcoin as well to spend some of your coins from time to time, to boost it's utility. It's still uncertain what will be the major role for bitcoin in the future. It was design as a currency, but it's finding its way as an store of value asset, like gold. We normally don't spend does assets unless we really need to, but I do think that BTC will act as both, because it has potencial for that. So I hold the majority of my coins, but I do make a purchase now and then, and I think we should all do the same. Of course that every time I spend my coins I try to replace them again as soon as possible, so I don't lose their increase in value.
They should. They should spend it eventually. They should use Bitcoin as a currency and not as a reserve form of a currency. If you want to continue the main function of Bitcoin as a currency then you should at least use it as a currency. Holding is not bad but Holding it for too long is not good in my opinion. They should at least spend a small part of it. Let's support the Bitcoin System by Spending Bitcoin as a currency.
some people prefer to use bitcoin as a trading or investing tool therefore they prefer to hold it rather than spending it or use it as a regular currency just like fiats but i think it still depends on the person if he/she wants to spend it or not. though in my case i mostly spend my earned bitcoins right after i recieved it because i need funds to pay my bills and other expenses.
When should Gold investors start using their gold???
Bitcoin is the same thing, it's not meant for spending on items. It's a store of value.
Bitcoin is the same thing, it's not meant for spending on items. It's a store of value.
Spending your btc's if you can have a good deal compare to fiat price.
A few weeks ago I could buy a laptop in btc, in fiat price it would have cost me double.
A few weeks ago I could buy a laptop in btc, in fiat price it would have cost me double.
It is still in the discretion of the holder. Even though Bitcoin is designed as a currency its volatility is very profitable where spending your Bitcoin will weaken your position. The user or the holder is the one who will decide when to spend, liquidate, or convert their Bitcoin as it always depends on their personal needs which varies from person to person.
Why not spend it and hold it in same time,of course in a certain proportion.I will pay/buy some things if it can do it with BTC,but most of my coins waiting for the price to be much higher than this today.There is always a risk when it comes to BTC,hold or sell at some price it's always a question.
If you believe that BTC will go down to 0 and not have future then sell today and take profit-on the other side if you think 1 BTC can be worth 50 000-100 000 $ in next few years then it would be a stupid move to start to spend it today.
If you believe that BTC will go down to 0 and not have future then sell today and take profit-on the other side if you think 1 BTC can be worth 50 000-100 000 $ in next few years then it would be a stupid move to start to spend it today.
If anyone would want to wait for the perfect time to spend his/her bitcoin, then that person will have to wait forever because the perfect time will not come. In the time of crashing prices, you want to wait for the price to pick up again, during the time of increasing in price you still want to wait for higher price and the cycle continues. When you are comfortable with price, sell and move on. Simple as that.
When these wall street fuckers and world elites starts to cash in so we can dump it on their heads.
If I were them, I will spend the profit for other business. This makes you diversify the portfolio. Avoiding the risk when Bitcoin falls down.
HODL/Investment = Profit
at some point spending will begin...
at some point spending will begin...
There is no proper answer to your question. Every investor has a different goal price for bitcoin. Some may have 15k USD and some may have 20k USD as bitcoin's goal price. Whenever their goal price will be triggered, they will probably sell it up. Initially bitcoin started as an idea of decentralized currency to ease anonymous internet transaction. However, it has now became investor's heaven. No one knows how far it can go, so there is correct answer to your question.
There's obviously no correct answer, but I believe the smartest one is to spend when necessary. This means you're continuing to HODL to your heart's content, but you're not depriving yourself of your needs either. Lots of people are so blinded by the prospect of multiplying their wealth that they forget that money is worthless if not spent. The middle ground seems like a fine place to be in. That's what I do, personally. When are you going to enjoy your gains if you're holding indefinitely, right?
After all those years of holding of course early adopters would want to reap their reward for being able to hold that long. I think they eventually would. If I were in their position, I definitely would especially after gaining many profits. Especially if they were able to hold a good amount of coins - those who acquired two digits or more. But I think that some would still keep their coins, and they would just cash out a desired number. Also, some coins should go back to the circulation.
HODL/Investment = Profit
at some point spending will begin...
at some point spending will begin...
i think its depend on us, do we want to spend our bitcoin or not but for me, I am spend my bitcoin and exchange it into fiat because I need that money to buy something for my daily needs. every time I need money, I just exchange my bitcoin into fiat so I can use that money and sometimes if I want to save the money I can do it with easy. for people which have a lot of bitcoin, they don't thinking too much and they can exchange in any time but for people which don't have much of bitcoin, they will waiting until the price is reach the higher price then they exchange into fiat.
Majority of the users have the mentality to spend bitcoin when it gets a stable price. In reality bitcoin needs to be spend quite often to have good circulation of bitcoin which is a must for growth. Unlike the price stability as well the increase its good to spend it periodically supporting the growth.
HODL/Investment = Profit
at some point spending will begin...
at some point spending will begin...
In time they will,, if they needed the money for sure.. But if not it is on they’re own decisions if they don’t want to.. HODLING is still the most profitable way of investing this 2017 and might be carryover next year eventually.. I do hold but not as big as anyone else,, maybe because I don’t spent much of my money on buying bitcoin for the prices is just too high for me..
For me much better to keep holding our bitcoin for investment purposes because we see the continue progression of bitcoin value and it will continue to gives us hope to earn good profit in the future.
its depend when you need money and how much money do you need, I can wait, yes I take a risk, but I believe that I do right
HODL/Investment = Profit
at some point spending will begin...
at some point spending will begin...
You can spend your bitcoins anytime, but it is correct that hodling the coins will result to a higher profit at the end. I would suggest if you have other sources of income you can use that first for your expenses and just hodl your bitcoins until it reach your desired value to sell it.
i spent my bitcoin when i need the most.. if not i will using it to buy some altcoin to double it if lucky.
Jump to: