Bitcoin Forum

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.

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.

If you are say that when bitcoin becomes mainstream worldwide adoption as a means of payment, then people will start spending bitcoins.  Bitcoins right now is a means of an investment tool based on the speculation that it would eventually replace fiat currency.  I believe it will happen but it will take a lot of time before this is implemented.

are we spending too much time just trading BTC? hodling BTC? because I feel the least people are doing is using is BTC as a fiscal currency for purchases

I myself itch if it takes too long to hold Bitcoin and not spend it. I prefer to set aside my Bitcoin for trading and a little more to buy internet data packages. Trading with Bitcoin that we have, will make our heart trained. Because surely we will see loss and not always win in spending Bitcoin for trading. So, HODL is the best. But trading is challenge.

It doesn't matter at all. It's your call whenever you want to spend it or use it.

They should spending their btc when it nearly to be mined all because it might decrease it's value or increase there's no assured result for that. Bitcoin is more benefitable when the price is high , that you can spend its current value throughout the day that it increase.

They can start anytime i guess. There are a lot of mega holders who I guess do spend them. The problem is till it has not reached some sort of peak and plateaued out, the cost in spending it right now is too much. That is what bitcoin has taught HODLers time and time again.

Those who adopted early and got 100s of them free can talk about it being a currency and some sort of harbinger of revolutions but what about the people who got in at say 2000$, 3000$ and even now getting in at ~8000$. These people are doing it in the hope that it'll hit 100,000$.

They will possibly never spend it for real-world products. For ETH and some other crypto, maybe yes, but highly unlikely to buy a coffee or pizza. (never pizza of course// :D)

i usually spend my bitcoin whenever i need it, like if theres an ocassion (birthdays, anniversaries, christmas day, etc.) but most of the time i dont because i always wanted to hold my bitcoins as much as i can to earn much profit if bitcoins value will pump more over 10000 dollars and if that happen i maybe tempted to sell off my hard earned bitcoins.

This is a tough question because i think bitcoins price will still go up and up in years and i want to keep all my coins with me as much as possible. I do not spend bitcoin or altcoins unless for trading and fees but to buy things i use fiat. I agree with you  that there will be a point that people will spend their bitcoin but i really think it is still far in the future. Of course people will spend and can  their bitcoin if they want to but i personally think it is not wise to use it since the value of bitcoin will continue to rise. So when ia the time to spend it maybe if all government accepted bitcoin as an alternative currency or almost all bitcoins are mined.

bitcoin was not supposedly used to hold but rather it is better to spend, but holding bitcoin makes more of its value due to limited supply but it is not the desired purpose of bitcoin for not to spend as it was made as a digital currency and not a commodity or assets.for a bitcoin holder and bitcoin believer anyday is the right time to spend , spend what you can afford to lose.

I AM SPENDULUS.

Spendulus will speak when HODLers should spend.

There will be a big party among people freed of debt based fiat currencies.

 ::)

Spending of money depends on the individual needs . There is no specific time , a person should spend his money whenever he wants. Thinking about profit all the time will make you save all the time as you will think that the price will still go up . So, don't wait and spend whenever its needed.

www.bitify.com

When Bitcoin hits $500k in a few more years you will regret cashing out now at a paltry $7500.

i think holders start to spend bitcoin if they already reached their goals, for example they want to grow their bitcoin into 500% for 1-2 years, after they reached that 500% profits, they just withdraw the amount of bitcoin they have and start spending. then they start again to invest in bitcoin then they set again their goals to be achieve for the another years they want to, like me i set my self to spend my bitcoin after 2-3 years, what ever it takes i will spend it after that. i only have 1 year to come to spend those profits ive earn. ;D

Hold/Investment=must profit i believe this rules and of course you try to invest for long time because without long time holding big profit is not possible.All BTC holders already got big profit.

i think holder will spend their bitcoin when bitcoin high price and sell all their bitcoin and convert it to real money
and waiting to low price then buy again, its called trade

There is no definite time where bitcoin holders should start spending but in my opinion it is best if you hodl your bitcoin for as long as you want specially if you have bought your bitcoin back when the price is very low. The profit that you will be gaining is so much higher than spending it right now but if you cant help it then i suggest take half of the amount of bitcoin that you have and spend it to anything that you like.

People should not be stupid. We do not know if this experiment is going to be successful, so we have to take some profits and
invest it into something else. I would suggest doing this until you get your capital investment back. If you do it this way and the experiment fail, then you at least got your own capital investment back.

We have serial hoarders here and these people are going to lose a lot of money and time, if this thing

Why not? If they think it's reached or beyond their target to hold, it's ok to spend it a little or much. They are free to sell or hold again but don't be greedy the holder also need real money too. In fact we don't know maybe the rate someday will dump or even pump again :)

Spend bitcoins in Some altcoins that have big potential and to identify them you have to do your own research about the technology they brings the team and the company roadmap. After that when you are satisfied with the btc value growth of your altcoins at the end of the day don't forget to go back in basic and it is the btc.
Because no matter what altcoins will soar or fall, At the end of the day btc will remain as the father of all altcoins as all of this shitcoins are coming just to increase the demand of BTC as it is used as primary mode of payment i exchnage of their shitcoins.

We always know bitcoin will rise every year, so it will be a great investment for investors to invest in bitcoin, they will surely trade bitcoin for profit, but they will know the day they must stop investing due to bitcoin drop heavily, and they will use their money to invest in altcoins or spending it.

Well for me, I think if the bitcoin became stable, bitcoin will no longer be good at investment. So I think that's the right time for you to spend your bitcoin or reinvest it to another cryptocurrency that you think will be a boom like the bitcoin was.

I think ppl consider Bitcoin an investment tool now, because its value is too big, big trade is possible but using Bitcoin for purchasing is irrelevant since we have so many altcoins now

i spent my bitcoin when i need the most.. if not i will using it to buy some altcoin to double it if lucky.

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.

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

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.

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..

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.

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.

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.

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?

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. 

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.

When these wall street fuckers and world elites starts to cash in so we can dump it on their heads.

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.

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.

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.

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.

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.

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.

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.

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 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.

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 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 :)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.  

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.

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.

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.

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.