Bitcoin Forum

It seems that during these times of turmoil, Bitcoin's prices are increasing at a slow and steady rate. Since the mainstream economy has been on a downfall, people have been resorting to Bitcoin as a store of value. This gives Bitcoin "hodlers" greater spending power than before in terms of Fiat. You can now buy more things with Bitcoin than you did before COVID-19.

What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it? The more Bitcoin's prices increase on the market, the more tempting it is to spend one's Bitcoin holdings. But at the same time, you want to "HODL" your Bitcoin for the next ATH in price. What would you do?

Any advice, recommendations, or suggestions will be greatly appreciated. Thanks in advance. :)

It depends on your situation. If you are needing something necessary, it would be okay to spend your holdings.
"But what if the price reach new ATH?"
There's really nothing to regret if that's the case since you get what you wanted or needed, especially if it would be beneficial to you. There would be regrets more likely because you've missed bigger profit but if you would look at the situation, perhaps you spend your holdings now, things are not certain. There is an increase in its price but it is not really certain that its market value will be breaking  its ATH, or simply will be having larger market price. You just did what's necessary and that is fine. But if you have that "choice" to continue holding, then that would be better.

Well, as you have mentioned "people have been resorting to Bitcoin as a store of value", I guess it's not so smart to spend or sell your bag at this current rate. Btc has been in an upward momentum and it doesn't seem to have shown any weak sides or a down turn. If you sell at this current range, you might not be able to find a good entry point to buy back again. People has been very bullish hoping to see the $100k on 2021.
I'm not sure, but there might be some investors who has been continuing to accumulate fractions today rather than selling.

I have used some of my holdings in the start of quarantine to start a online business and to pay in our monthly expenses without knowing that the price of BTC will set to have this pump. Since BTC price is too volatile we never know what can happen as well if we're not able to pay in our bills and have extra job to sustain our living. Luckily I did not spend all of my holding and atleast still have a chance to gain during this BTC pump. Spending and Holding will depend on our living status those who have still job and enough savings will sure to only hold and wait.

I'll go with Hodling all the way. I mean, the price chart is doing good and it was unusual to happen nowadays. So all of us should make the most of it as much as possible. Resist to convert because there would be a higher price waiting for you ahead, who knows?

However, there is some point that something eagerly forcing us to spend our crypto savings. Like in my case right now, I really want to continue hodling until december but my empty purse already telling me "Feed me please" lol. That's why I decided to convert my remaining btc savings (while the price still soaring tsk). In the battle between greed and needs, the latter one wins :D.

Hard to say, for those who have jobs, then they can simply invest on bitcoin and then hold, but how about those who have lost their main source of income because of the pandemic but then have bitcoin holding? Common sense will tell that they have no choice but to sell some of their stash in order to survived or at least find a decent job so that they won't emptied their bitcoin wallet.

So I would say it really depends on the individual situation, of course the best thing to do is to HOLD and wait for the eventual bull run and new all time high. But you need to prioritised things, specially bringing food in the table for your family in this new norm.

All matters to you since each one of us do have different needs and wants in life and since its your money or bitcoin then its up into your priority neither you would spend it or not.

So each decision will be different.Some might hold and some might spend it no matter what reason it is and since its our money then its none of others business on what we gonna
do with it.

Spending for several reasons and holding for future ATh profits.Several reasons where peoples decision can affect.

How can you call it slow and steady if we went from $10k to now $13.7k in a matter of days? And before that the price was largely stagnant for months and even mimicked small movements of the stock market. Also, there's no evidence that regular people turned to Bitcoin en masse, and that the price boost is caused by that.

What's happening now is just the usual Bitcoin speculation. In 2019 we also reached $13k, without any pandemics or other possible explanations.   


Covid doesn't change anything here. There's never a right or wrong answer to "spend or hodl", because no one can predict the future movements of Bitcoin.

If there is no compelling reason to spend BTC when the price continues to increase, then don't do it.
But if it's about your daily needs, you don't have to spend BTC all at once, right? Just spend the daily profit and keep the BTC worth of initial capital or a little higher than that so as not to miss the train on the next ATH.

Well, it seems to me that the contrary is true. The price of Bitcoin is increasing rather quickly. Just within the month, the price has already increased by around $4,000. Despite that huge spike, however, the retracement is very small. These are good times for Bitcoin amidst the health and economic turmoil.

Personally, I would continue to hodl most of my Bitcoin. If the present increase in Bitcoin's price is already sweet, what happens for the next months and years must be way sweeter. I'm looking at the future with much more excitement now.

Actually you should have add the time when Covid19 was just started to be famous worldwide when the price of Bitcoin Decrease totally insane from 5 digits down fall to $4,000 level.
If you are not into position in which badly needed the Money?then why bother Selling your coins and asking this thread?
You have mentioned the word HODL multiple times meaning you have good idea about this so why not just stay holding?
Decide for your deamand mate,Bitcoin has been proven to be a good investment if you can afford to HOLD so being a legendary i'm sure you know what i mean Here.

Hold the coins as long as you can .

It definitely depends from person to person because we do not have the same economic/financial situation. If you still have the money to spend and push through the day or month, try to hold your bitcoin and wait for the oppurtunity to sell at a higher price. Selling on the other hand will net you losses if you keep track of the money you bought the bitcoin and compare it to the price when you sell it, it will fall into your hands to make the final decision. A proper planning of your finances on the future will greatly help to everyone.

During this time of COVID-19 there was a lot of spending to buy necessities and it was very difficult to get income due to the impact of COVID-19, so I think if you have Bitcoin it is better to save it, but if you want to buy something for your needs, don't sell all the bitcoins you have. have. But if you really need and want to sell, sell a little to meet your needs, because I firmly believe that if you sell all your investment in Bitcoin, you will regret seeing the price of Bitcoin getting higher in the future.

It depends on your financial status to answer your question. If you're not that poor and not that rich, HODLing your Bitcoin and wait for the new ATH is highly recommended, but if you're other way around, then you don't have to think of profits. You have to think about survival instead of being greedy for profits. Many countries decided to use bitcoin in this pandemic to avoid COVID-19 spreading by using fiat.

And with the aid of cryptocurrency in the amidst pandemic surely gives us a hassle free services for us not to go outside anymore to buy our daily needs.

 Sadly, one of the worst struggle we've experienced was the COVID-19. A lot of bitcoin hodlers are affected during the pandemic. I was still lucky that I still have my job during that time and was able to still hold my bitcoin until now. Crisis can not be prevented and the choice of selling the bitcoin always depends on one's situation.

We can't deny the fact that covid-19 affects the financial market industry including crypto industry. Good thing that bitcoin is doing a good progreas, a good opportunity to continue hodling btc now.

In a situation of job losses which was rampant in this period of pandemic, I believe the best option of any Bitcoin hodler is to resort to spending some of the coin to cushion its effect of joblessness and not having any alternative source of income.
I believed hodling Bitcoin while waiting for another ATH  in a bid to become rich while going through some financial difficulties  due to Covid-19 is not well thought out idea, when there is life there is hope.

for as long as i can remember people have been spending more bitcoin whenever bitcoin prices shoot up. the higher the price goes (and faster) the more they spend their coins. note that spending is not the same as selling, spending is when they pay for stuff with bitcoin and stats from merchants and payment processors show an increase.
i don't see how COVID-19 should change that behavior. we are currently at the beginning of the big rises and the more we get into the rally-mode the more spending behavior we will witness.

My suggestion will still hold your bitcoin if you don't have an urgent thing that needs money, so you don't have to convert it into fiat if the bitcoin price does not touch the highest price. But if you want to sell some bitcoin to buy back bitcoin if the price drops too far, you can do that when the price increase higher, so you can have the profit while you have another money to be ready use to buy bitcoin at a low price.

You don't have to feel tempted because the bitcoin price now touches $13k-$14k because many people have a target price to sell their bitcoin at more than $15k-$19k. So if you want to follow them to sell at that price, you will need to hold for more and don't worry if the price needs longer to touch the next ATH.

Better hold and learn from past history, this is 2016, prior to the bull run of 2017, so the history might repeat itself again, although it might take long. What I'm trying to say is that we should HODL as long and as much as we can. Well you can spend me, but at least be reminded that we are still a long way to go to see the price going into another all time high, this is just a tip of what's going to happen next year. So I would rather stack even more on the contrary, instead of spending it.

You can also buy a lot of stuffs with fiats right now at a huge discount and that's because prices of things considered as "non-essentials" dropped by a whole lot during the pandemic. Too many stocks that they need to off load at a cheaper price since most people are using their money to buy the "essentials".

I'm spending my Bitcoin for a long time already although I've kept some for long term but it got stopped for the moment because of the insane transaction fees Bitcoin has right now. As of this moment it went higher. I think it is at the $13 per transaction and that is normal transaction. Fees are very huge right now that I can't transfer my Bitcoins to another wallet to spend it.


It depends on how will you use Bitcoin.

If you are like me that is spending a portion of it and keeping a portion of it then do both HODL and spend :D. In the end it will really depend on how will you use it. Most of the people are just holding Bitcoins for quite some time. Some are spending it (converting it into fiat and then spending it). I have holdings so I'm still ready if Bitcoin will reach new ATH :).

Paper money could be worthless when the crisis hit the world , but bitcoin? Just ask gold holders. As bitcoin nowadays feel like more than gold.

The price Increased 4k usd within a month , that's bold.
Next month are indeed should be at 18k level And when people start selling the price would get higher even more! We have been in that position 3 years ago and we are crying to not HODLing , should we cry for the second time? 'It's once in a lifetime..' that's your thought should be.
HODL! forevah.

indeed that is the advantage of a digital currency that has a limited supply of having a high price increase, as happened to YFI YFII, even though they are newcomers but they have less supply than bitcoin and can beat bitcoin prices, so keep buying as much bitcoin as -a lot and after that hold until the price becomes more expensive from the beginning when you buy.

It depends on everyone's financial situation, if we don't need money in the near future, why spend the Bitcoin that we have.
It's better to just hold the Bitcoin that we have, especially since the price of Bitcoin is now getting closer to the price of $ 14,000.
I am optimistic that the Bitcoin price will continue to rise until the end of the year, so it is indeed the best decision to hold Bitcoin
for now. We must be able to take advantage of the current bullish trend, by collecting as much Bitcoin as we can. Because in
a pandemic  situation like now, additional income is needed, and I believe that investing in Bitcoin can get additional income.

There is no right or wrong answer in this kind of situation because it is really subjective and it depends on what kind of person are you. There are people who see bitcoin as currency and they are happy to spend it and they do not have give care about its current price because what they want is just the convenience and the low transaction fees. But there are also people who really want to save bitcoin as much as they can because they believe on its future. They are the people who called as holder where they think that the price of the bitcoin will continuing to become expensive as the time passing by. Before when the price of the bitcoin is still below $3,000; I keep spending my bitcoin but when the Bitcoin reached ATH almost $20,000 that's the time that I allocated money for holding. I still doing trading but I only place allocation on it especially right now we are now in a bullish market.

It depends on your financial situations if you want to HODL it or spend it during a pandemic. We all know that bitcoin's price right now is rising, but it depends on you if you want to grow more your investment or harvest it now you've gained some profit from it. HODL gives you more opportunities to earn more while spending bitcoin is a good thing if you really need it because of our pandemic situation.

As always, no one will give an exact answer to the OP's question. All the above answers were very reasonable and correct advice. To summarize, we are all talking about the same thing. You need to spend bitcoin if there are no other sources of income to maintain your financial situation.
If there are other sources of income, investing in bitcoin and long-term storage is the right choice. We all know that every year there will be fewer bitcoin, its quantity is limited. Many bitcoins lost forever. Many assets will not be traded by people who desperately believe in the future of Bitcoin.
Thus, having such a unique thing as bitcoin, we make the right choice for our future.

I believe almost everyone needs money in a pandemic like now, so in my opinion what we have to do now is sell some of the Bitcoin we have,
for buying some daily necessities, then we HOLD some of the Bitcoin we have. To anticipate if bitcoin rises to an all time high price, we can
also get profit.

if you can't find profit still then no worries on selling because the best way to do in such season s Holding still,Look at the market ?bitcoin Hit $14,000 level yesterday this means we are near the top again.
also i believe that we only need to sell out once we are in need of Money or wanted and trusted another coin to be more profitable than bitcoin(things that really hard to find unless we are talking about Pump and Dump coins)
keep HODL mate surely you will earn much more than planning to release them now.

The thing about this year is Bitcoin wasn't that much affected by the pandemic, after the halving, btc price has been on a spike and could soon surpass the atm prolly by next year or so, but that cannot be said of traditional currencies, they have mostly plunged and the economy is in crisis at least in some countries, others have also experienced really dire inflation. That being said, exchanging all your stash back to fiat could be a very bad plan for anyone to do, it's more like devaluing your funds yourself.

I would prolly hold my btc in my wallet atm and spend on whatever I need from there, or converting the little I need to fiat, this pandemic is even the best time to hodl as much Bitcoins as you can, and not selling. if your currency is one that is vulnerable to inflation, there's no way you'll want to convert your portfolio back to fiat, btc price has been appreciating very quickly, so it's good for btc hodlers.

If you can afford to live on dollars, hoard as much BTC as you can.

If you have to spend it, buy only practical things you actually need.

Bitcoin incentivizes saving because it's designed to go up forever.

Fiat or government money incentivizes spending & debt, because it's designed to go to zero over time.

Bitcoin makes you smarter with money. It builds a much better future for you & your family.

You shouldn't ask here for financial advice. I'm pretty sure no one in here is a certified financial advisor so he can give a "legal opinion".
One should know your financial status and goals very well to be able to help you. Otherwise we are just throwing opinions around.

It is good to see that Bitcoin has surged during times of distress. We can't say it has become the preferred asset for hedging during crisis, but it is certainly a great competitor to gold and other precious metals.

You are right that holding during COVID-19 will depend on our situation if there is not enough capital then holding is never possible. Although the impact of the epidemic on the country's economy COVID-19 has no effect on Bitcoin. Now is a good time to hold on to the rising price of Bitcoin. If you have enough capital you should invest in Bitcoin and not spend unnecessarily. The crypto market will improve further and the price of Bitcoin is likely to rise.

Prices right now are pretty high and you can spend some % of hodling now if you need too. Decision to spend today is much better than decision to sell on lows

Whether you hodl or spend your Bitcoins during this Covid-19 pandemic depends on what your current status is.  If you are badly in need of financial assistance and there is no other asset than your Bitcoin holdings then, it won't hurt to spend your Bitcoin to fill your stash.  It is better than getting into debt and paying them interest.  but if you are well enough and do not need any extra fund for your daily needs and other necessities then I think it is best to hodl your Bitcoin.  Who knows when it will triple in price.

As far as I can see during the covid-19 all the stocks and other assets was falling down in price and bitcoin only had one price dump to 3800. But, after that dump price bitcoin returned to the ascending channel and this can give us strong signal to hold bitcoin during the economic crisis. Because, as you can see all the fiat currencies are losing price over time during this time. I would say holding bitcoin or gold is the best idea, currently. 

Bitcoin and some Alts is the only investment that is able to recover fast during the quarantine season. DeFi also been popular during this Pandemic as many intend to invest more in crypto with decentralized system that will not be much affected by economic losses Brought by quarantines and Pandemic. It will depend on our spending and situation if still have other sources of income then we should just hold into it especially that the price now were rising.

But what if something is urgent? That an investor really need to buy something for himself? This I think is one exception if you would be in difficult times. But if it is not necessary, ofcourse it would be better to leave your investments alone in the possibility of earning more profit in the future. But bottomline is possibility which means chances or things are not certain. What we are seeing is forming conclusions of how high will the market price become if this would be continuous. "If" the market price will be continuously increasing then that would be ofcourse a good thing. But what "if" it again suddenly fall? Just don't rush things and make an action you think will not be regretful. We are on different circumstances.

I already spent some of my crypto holding because of the lock down.
I didn't have enough cash so I rely on crypto and started to make a small business in my neighborhood,
So far I could say that it is fine I manage to gain my capital and now I am making some profit.

Well.. it will depend on the financial state of the individual. For me, there is no need to sell any of my coins right now, because I am still getting my full salary. And the best part is that I am working from home and my expenses have therefore gone down. I am able to save more during this period, when compared to the time when I was working from office. But then, not everyone may be lucky. Some of my friends are receiving reduced salaries.

It’s always best to HODL bitcoin under any circumstance, covid19 is no different. You’re far more likely to make large profits if you see bitcoin as a very long term investment.

HODL for at least another 12 months if your circumstances allow it.

I think the answer depends on each person's circumstances, if you need money to pay the bills then you should sell bitcoins, if you have plenty of money then keep for a while.
Personally, I think the future of bitcoin is going to grow even stronger so I'm currently trying to collect more bitcoins, so I'm not selling bitcoins at the moment.

I use bitcoin for my daily trade, it works to me so far. Since my country still ban bitcoin for payment system I can't do anything expect for trading and investing.

But, I'm greatfull to have a knowledge about trading so I can make money per day and I can withdraw my profit per week, that is my source income for all my need now.

And seem like during this pandemic there will be many people who hold their bitcoin as a safe heaven place beside gold. They just store their money into bitcoin and sell them when the situation back to normal, like a few weeks ago before the second wave coronavirus came many people there who sold their bitcoin and make bitcoin price drop but now they came back again.

I don't understand such threads where people ask random strangers if they should buy/sell (in this case sell) or wait. Nobody is going to make the decision for you, it's like asking if you should change the car or keep driving the old one. It comes down to whether you need something or  not, whether it's something you can afford or not. For instance, if you're living with your parents and could move out and start living on your own it's definitely a good idea to spend some money or withdraw some investments. Being a burden to someone else is not something you should be doing and it's going to weigh on your mental health, sex life and self esteem. I have my own house, a car, some cash, so I don't need to sell my bitcoins.

Best and precise way of holding longer.

Switching from other investments because of the downturn in the first wave but until now there has been no stability in the economy means that I am still a little worried about other investments.
I ventured into holding Bitcoin for a long period of at least 1 year and have never been tempted or panicked when the drop is normal and must be able to be overcome.

Bitcoin has started to rise during the pandemic so I think a lot of people are choosing this option as another investment.

receive, spent and HODL
I doubt any one of you got to the chance to buy the dip at $4000 in excess of 50BTC thru exchange.
but in person trade that was definitely possible (and it did)

Indeed it is better if we hold, to get the maximum benefit but the pressure from the outside is real though, I mean we can't just tell someone who has bitcoin to just hold til it gets back to $20000 and is suffering from hunger or shortage of allowance in light of covid since we know the rise of unemployment rate from most countries. I'd say we are independent from doing our stuff, do what's convenient with your assets.

If you still got more money, or spare money it's best to take advantage of the moving price now as it is speculated to have an another ATH this year or early next year.

Hodling of cryptocurrencies were always profiting, and once you've made a decision to hodl you need to stick to it unlike the situation. Common people can't stick to hodling for a longer time period. Even here the rich ones benefit out of hodling. Considering the present market situation atleast a twelve months hold is suggested. Another thing we can't have a calculation and hodl, because when we reach the time target the market might be under crash.

Good for you though you did what you could to gain your capital back and now Bitcoin is in a bullish trend you could have gain more if you HODL those BTC you have before. But, since you lack some cash in yourself I can't blame you for using it to gain fiat although you did manage to get back your capital.

I think it's time to reconsider buying Bitcoin if it's going to dump although it still hold the $13k right now but I have a feeling that it's going to drop back again since the hype of PayPal users trading crypto since PayPal accepted crypto payment already.

We need to spent and HODL, as well as receive (thru earning and helping those who need to cash out BTC)
 
I doubt any one of you got to the chance to buy the dip at $4000 in excess of 50 BTCthru centralized exchange.
BiSQ is another matter.

Though, I'd admit in person trade 50 BTC was well within reason (and that it did)

Well that's depends on the situation of the person like if he/she desperately need something for daily living then you can sell and fulfil your needs because many of them lost their jobs in this pandemic, If you want to hold it then BTC is certainly a more predictable and Safer investment. Just wait for your turn to see big returns 8)

Don't you just love "panic selling"?  I can't convince them *NOT* to sell to me when it went below$5000 / BTC. They told me I should sell it soon because it is going to $0. 

Thus an conundrum had occurred: What would you do in such situation?

Tips: Holding bitcoin private key (dumpprivkey bc1******) rules. It is cheap, convenient, and safe.  Coinjoin are awesome, but graftroot and taproot are the future.

It's great to see entrepreneurs around here. Maybe you can gain back the crypto you HAD to sold from the business cash flow. What business is it if I may ask? I'm curious to see what works in the current environment. :d

Holding is an effective way to gain profit but not everyone can manage to just hold specially in times we need money to spend and you dont have anyone to count on.

So it depends on your financial status, if you can hold and not having problem about money issues then that would be better because its a good option. Taking profit at times are fine im also doing this if im need, what important is you know how to manage your investment.

In my opinion a healthy combination of both should be what is best, obviously holding your coins is the best option for the long term since the price of bitcoin will keep going up but the longer you hold without spending any the more temptation you will get to do so, however spending it all is also a mistake, as such it could be a good idea to spend some of the bitcoin you are holding, but only do so in stuff that you actually need or that you know you are not going to regret having bought in the case the price skyrockets and then you realize that if you had waited you could have bought that item several times if you just waited.

Covid-19 does not prevent bitcoin prices from rising.  Why is this happening?  

There are several reasons.  

1) Quarantine.  People are forced to stay at home.  

Walking, dining and public events are limited.  Work, education, entertainment all this happens online (in the virtual space).  Bitcoin was created to work in the virtual space. People are starting to get interested in Bitcoin.

 2) Covid-19 negatively affects the economies of all countries.  

Governments carry out additional emission of funds (for example, USA - 22%).  Some of this money goes to the stock and bond market.  However, another part of this money ends up in the cryptocurrency market (in particular, in Bitcoin).  

Therefore, based on this, the optimal strategy now is HODL.

The coronavirus pandemic is the first real test since the creation of bitcoin.
As a rule, when it comes to the barter system and the crisis, gold looks more valuable and familiar to people. Since people have always used gold in the past to exchange it for cash to buy necessary things. Perhaps in our time, bitcoin has become the new digital gold.
If you look at the beginning of the pandemic, you can remember that in March, bitcoin fell in price by almost half. Of course, the fall was caused by the coronavirus panic, at that moment there was a collapse of everything that could be sold.
Of course, gradually bitcoin began to level out and grow a little. Slowly, but steadily. For this reason, it seems to me that it is worth saving bitcoin until the situation stabilizes. In this situation, it will be possible not to lose what was purchased before the start of the pandemic.

BTC is functioning as an real currency. It is getting harder to remain ignorant with passage of time.

Perhaps Aristotle says best - "fungibility, durability, portability, divisibility and intrinsic value"

Why would choose if you can do both things? You can sell out and at the same time you can hold for it for future.The important thing
here is that we do held up bitcoin for future profit purposes and we do spend it since its a digital currency or making out conversions
to fiat for you to spend of neither for personal or other use.So its up to someone on how he gonna make such step because we do
have different interest in life and making out decisions will really vary.

Seeing the uptrend I'd continue to hold if I were you but I don't know your situation so I can't decide for you OP.

You're mentioning covid, so if you or someone from your family is seek and in need of help you should help them even if it means selling some of your investments. If all is good and you have enough money to go through this difficult time hold your coins.

It's only a matter of time before we see 20000 USD again.

Yes that's right.

Only extraordinary circumstances can force me to sell bitcoin now. 

2018-2019 was a bear market period.

 2020 is the beginning of the bull run.  2021 - 2029 is the time of reformatting the global financial system.

IT corporations issue their own money (LIBRA, Facebook Coin).  Central banks of all countries are planning to issue their digital currency.  Banks in the 21st century are becoming an anachronism. 

Bitcoin will help to survive these financial cataclysms.  I really don't want to sell it now.

I think as an investor specially looking at the long-term you should try to avoid having to dip into your investments when things get tough. As such it as you point out instead it is recommended to have an emergency stock for these exact situations and leave your investment accrue the profit for you.



In investment there is always the 'if' alternative and you can take some precautionary steps to prevent you from losing more than you can afford at times of market crush or correction. But the message here is that you must be prepared to take that risk if you're going in for an investment hoping to gain a healthy profit over a long period of time.

I find that sometimes it helps putting things into perspective every now and again.

If I have nothing to do with my Bitcoin, I certainly have to hold it until it hit its peak. We all have choices and probably there is a reason for every decision we commit. Some were selling but the others were also buying, this is actually the real thing in crypto space, and so we can't say that everyone will do the same.

The price of Bitcoin still good despite the turmoil that we have now. People aren't hopeless anyway to think that we can surpass this crisis sooner. In fact, as the pandemic hits us more people had realized how important is Bitcoin. And that to expect that, many crypto investors will hold their holding rather than selling.

Mainstream economy are lagging behind while Bitcoins economy are now getting mainstream . We that are here in btc don't want to be selfish but  what happend are better than no positive outcome at all .  It will look bad if all are damage by the covid and no gains even on the other world . Btc were now optimised for spending and people should spend more than hodl  . they don't need to mind the price because the price were just up and down . If they missed something , they can still experienced it later on but missing a big sale online can be disappointing and that can't happen again sooner .

That actually still depends on the people HODLing their Bitcoins since some users are victim of job loss and they are in need of fiat. Although this pandemic is a good time to invest on Bitcoin since more people have the opportunity to learn about it and they would also invest resulting in more buyers of Bitcoin. HODLing is for people who can live those easy lives and cashing out your Bitcoins is also a good idea if you really need that cash.

Hold bitcoin, of course, the current price is still increasing. It started at 5k USD and now look at the equivalent price, it's 13k USD.

For some investors, they already withdraw it thinking that this might be the peak for 2020 but I'm hoping for a bull run so hodl.

Preferably I would totally hold especially in the times of pandemic since it's hard to earn money at this time and most of the people lost their jobs because businesses are close.

I mean holding is always recommended at all times, but still, the decision is up to the one who holds the bitcoin at definitely depends on your own situation.

For some investors, this pandemic could be an emergency so we could really blame them if they need to sell their holdings at times like this. Still, just make sure that you are making a small or big profit whenever you are going to sell your investments.

Spend it if you had to. That's what I do and I don't regret it. I'm happy to see that the things that I buy came from my profit in bitcoin holding. It is the reason why we are holding, to use it in times that we need it. Spending some won't hurt that much if you really need it.
You can always be a holder and spend bit from that holdings.

This is a very interesting question, considering that the COVID-19 situation presents different problems for everyone.
For me COVID-19 has made me lose my job and this certainly has an impact on my finances. So I chose to spend my
Bitcoin to buy daily necessities, moreover I bought Bitcoin when the price was $ 6000 around the end of March 2020.
So at the current price, which is already at the price of $ 13,400, it will give a big profit if I sell the Bitcoin that I have now.

But you said you’re aware that the price of bitcoin is going up, so why would selling the coins be an option?
And swapping for an altcoin? Nah, that wouldn’t be a good idea when I already know that Bitcoin is a better option to hold at this time. Altcoins are not as good as Bitcoin. With the way the market is going now the price of BTC will get to a high price, it keeps moving from one price level to another and it might to a high price soon.

We don’t how December is going to be, whether there is going to be another bull run or not, but if not, I know for sure the market will maintain the stable level.

Indeed. Many investors will always say hold no matter what but the reality is that, if you need something, and you have no ither resources to aid the need other than investments, your investments will be more likely the solution. Doing so might remove the opportunity of earning bigger profit but it would be efficient to your present problem so there's really nothing to regret for. If it will need you to sell every investment, then do it, and once you're back with the usual, you  are free to start again.

In today's pandemic, many people are losing money with their businesses.  even the pizza hut market in my country has to take to the streets to promote it at a low price.  Middle and low-income businesses have to manage their finances due to lockdowns, and many large companies have expelled their employees.  because of all this.  many people are moving into bitcoin assets.  and that will have a good effect.  so my choice is to always hold our bitcoin.

I think "hodling" is the best decision you'll make during this period of crisis. I mean, Bitcoin has been rising at a slow and steady rate ever since COVID-19 took the world by storm. It's getting near the All-time-high of $20k per coin. The year might end with Bitcoin being worth at least $15k to $18k on the market. Spending Bitcoin now will leave you with less profit in the long term. As the price of Bitcoin increases in terms of Fiat (USD), we get more spending power to buy things we love. There's the temptation of spending Bitcoin when prices are going all the way to the moon. It's best to "wait it out" as the best is yet to come.

Nonetheless, the decision of spending or "hodling" Bitcoin will lie on the person himself. We cannot prevent people to spend Bitcoin when prices are skyrocketing on the market. Both spenders and "hodlers" will co-exist in the crypto/Blockchain space. As long as you don't spend all of your Bitcoins, you'll be able to enjoy profits made possible by Bitcoin's uptrend in price. It's up to this point where I've never owned 1 full Bitcoin because I've been spending it most of the time. But if I keep "hodling", I might be able to achieve that goal. COVID-19 or not, Bitcoin will be here to stay. Just my thoughts ;D

The decision of whether you will spend or HODL your Bitcoin at this time of covid-19 pandemic will be dependent upon your own situation. Many would suggest that you must keep on hodling for you will be benefited once this pandemic comes to an end. Many will also say that you must spend your Bitcoin or you will die starving for keeping on holding and it will be nonsense once you die for battling on holding rather than spending to fulfill your needs to survive within this pandemic. Now the decision of spending or holding lies on your hands. No one should dictate you but just your own self for we have different situation so we must have different approaches depending upon the call of the situation. If it is not badly needed, then hold. But if it really necessary, better spend it for you can still earn it after all. Be wise on doing decision and do not get affected what people say for you will be the one to prosper or suffer.

For me there is no "spend". It is only trade or hodl and I choose trade, though admittedly hodling usually wins.

Actually, if there really is a good opportunity from the altcoin then no problem, try the opportunity. the important thing is to understand and calculate our ability to overcome the risks. It is better to divide investment, bitcoin, and altcoin so that you can both take advantage of the profits if there is a good moment, even if you lose at least there are still other supporters.
The winner is knowing the right time to get in and out, then be grateful for what you've got, not greedy. These are difficult times, everyone is experiencing difficulties in the midst of a pandemic, as much as possible choose investments with less risk.
Well, when it comes to holding or selling, we can't force it, after all, everyone enters at a different level, right? what is certain is not to miss the moment and must be fully aware that whatever the risks must be prepared to face.

If I have a lot of bitcoin balance that I have deposited since last January, then today I have made a lot of money due to price increases. But who knows the future of crypto that continues to be decorated with speculation and its fluctuating price. Bitcoin has proven its resilience to pandemic simply because of its price, and it has been proven because of its ever-increasing price. Investor confidence in bitcoin continues to grow and that's a plus in my opinion. If I were you, maybe I would keep bitcoin and hold them without being sold if there wasn't an urgent need.

It depends on the situation. If it seems a good time to sell the Bitcoin, why not selling our Bitcoin? If we still have a plan to hold or invest again, just wait for the correction time and buy again some Bitcoin. In my opinion, we must have a flexible strategy. Means not only think to hold, but take advantage by selling it if you see a good time for selling.

It's always a good decision to hold bitcoin for a long period of time. The price is ever increasing and it is believed to be increasing in the next years. Make sure only to store it in a safe wallet, if you hold for long term, better to store in a safe wallet either opensource or hard wallet. Avoid storing it in a wallet which do not give you a full control of your fund such as exchanges.

only hold what you can afford to lose.
Its great when its going up in price not so much when its dropping .
great question tho.

Yep, especially considering bitcoin as long term Hold it's give more confidence. I'm going to hold i really believe in bitcoin than any other cryptocurrencies. There are tons of reason for purchasing BTC now and tight with by helping trusted wallet.

It depends on the person or the financial stability of the person, if you are fortunate enough to sustain your basic needs then it is better to still hodl your bitcoin and wait for the right time to exchange it but if you are not fortunate one then you don't have any choice but to use your cryptocurrency for yours basic needs that is important for this pandemic situation.
 Yeah, that is the common advice that we can have about this topic, your extra money would be enough for you to hodl then separate other money for your needs in everyday life.

I'm holding the coin what I have invested long ago. I will touch that wallet when my mind get satisfaction with the bitcoin price rate. Actually I will hold it until bitcoin reach new ATH and make historical movement. For regular trading or buy sell I use other funds and wallet. Different people have various thought. So you will see all type of opinion here. Finally the decision upto you.

My holdings have nothing to do with the pandemic since I am aiming for higher gains, I will still hold it for a longer time until the prices rises up. I have actually few tokens that I am holding for a long time. It actually depends on the people if they will spend that because at a time like this, profit is hard to gain since pandemic is still there but if you have savings that you can use, maybe just hold your bitcoin and wait for it to rise up in value.

You sell if you have gained profit and it's why we hold investments like bitcoin. The goal for aiming bigger profit depends on your goal. You can eventually buy at cheaper price of bitcoin if you have to sell it. This is one of the good things in buying, holding or spending bitcoin.
You get to have the profit and if you want to take it again, you can always buy depending on the market's price and the season. If it's bearish season, the favor is in you and you can get back your sold bitcoins at cheaper price or at least lower than the selling price.

Self-discipline is what we need to enhance, and this Covid-19 is the right time to practice it, especially that we are not making some bitcoin transaction these days.

I know that bitcoin is still not in a mainstream, we need to accept that, but if we do our best to tell others that bitcoin is the right investment to help us amidst this pandemic, then we can make Bitcoin community grow larger. Never spend if you don't need it necessarily because you know that bitcoin is volatile in the market and to avoid regrets, just hold it and wait for the ATH.

When you traded your Bitcoin that means you had already spent the chance of having this so that is categorically Spending.

While in my part i Literally spent some When i needed a Cash to pay for some bills that cannot be done using Bitcoin.
But i'll Keep my Holdings as long as a can since it is clear that market is now on the move to go straight up in the sooner days.

Not many people can afford to keep their bitcoin in their wallets. A lot of us here need to spend some bitcoin for necessary expenses because a lot lost their jobs or reduced their income because of the pandemic situation. If I can afford not to touch my btc, I will do so. But need to use also my btc for personal expenses. Lucky for those that can let their btc sit in their wallets. As I believe btc will further increase its value, those who are still holding will reap their rewards in the future.

If you have a feeling that you will not survive this pandemic or if you have weak immunity, I would spend all the bitcoins on alcohol, drugs and women to leave this world with pleasant memories!  ;D ;D ;D Just a joke...
I would not spend bitcoin without needing it! This currency has a great future!

If I say the truth, I am spending my crypto to live in the current situation. But not all. I am working and earning crypto at the moment. This is my only earning source, so I have to pay my bills from this. But also have some funds in a safe place for a long HODL.

There is no correct answer because it all depends on what we can do, if we are good in trading then why we should hold because a good trader can easily increase the amount of btc that they have in trading but if you have characteristics of a long term investor then it is better to do HODL than trading. When the pandemic starts, most of the financial market crashed and cryptocurrency market is belong to it, it created fear but it managed to hold and recover. Now, the bitcoin is now in uptrend and it became trending after it broke out the recent resistance at $12,000. In this kind of situation, the thing is it is better to hold and many traders calling it as trend follower and you will just sold it after it breakdown in a support or it give weakness in short term time frame. I have bitcoins that I hold and I also have bitcoin for trading but my portfolio in HODL is more expensive than the portfolio that I have in my day trading port.   

If a thing is appreciating as a store of value, then hold it if you think it will appreciate some more. Doesn't make sense to spend something that's increasing in value, unless you need to.
It's a personal judgement call, really. Bitcoin is seen by some as a store of value (with a case that is strengthening as governments print more money to keep their economies afloat), and by others as a highly speculative asset and the first thing to sell when the economy starts to drop.

Before the covid start, I have some small amount of bitcoin which is good just to earn a little profit, and I hold this coin for a long time because I don't need too much spending of bitcoin more likely for investment only bitcoin.
this is one of the best ideas for me because if you don't need to spend something with the use of bitcoin wait now and hold to get earning. Also staking one of the best ideas too if you want to save some money.
Also during this pandemic is hard to have a job or source of income, it's not the time for wasting money/bitcoin. Also, there is a lot humor that the bitcoin will surpass the previous ATH.

Holding or spending of bitcoin during covid 19 is depends on everyone situation. Covid pandemic give us a difficult time that's why if you don't have enough cash money to spend for your family daily lives and yet you have bitcoin in your wallet, I think you will sacrifice to spend it rather you will see that your family are hungry. Those with enough cash to sustain their daily needs for sure they will hold their bitcoin during covid 19 pandemic.

On the long run, given the peculiar characteristics of bitcoin (scarcity, censorship-resistance, network effect, adoption etc.) I was always convinced that it could have been valuable over time. It is a form of hard money that needs to be the last thing you spend.
By the way, do you know why central banks hold gold? Because it is a status, the more they have the more trust the get from markets. Unloading it would mean something is going bad: the same principle applies to bitcoin. I have a very tiny amount available for spending and every time I use it, I replenish it (buying more).

each person surely gives a variety of answers...

I personally don't HODL Bitcoin at this time of crisis because I really need money for household expenses especially since my husband still hasn't got a job until now. if not necessary, it is not advisable to sell Bitcoin, but if you are pressed for necessity, immediately sell it.

I think for most people the choice of holding or selling bitcoin depends on the price at which one bought his bitcoin. therefore, If you really want to be liquid and bought at a lower price and have no other alternative I would advise you to sell. But If you have other sources of income, bought at a higher price and you do not directly depend on your Bitcoin profits, then hold.

its refreshing to see a woman working with bitcoin because all that i see are mostly men and thier wife dont have a work except doing house task but some wife have a different job that are away from cryptos . your on a tight situation now and you have no choice  .

btw what happen why your hubby has no work ,he got layed off because of the covid ? thats acceptable if its because of covid but he still try his best to apply for other jobs so that he can help  you so that you wont need to sell your btc anymore . your btc can be a big help in your family in the future .

Definitely HODL until the coin becomes widespread enough that spending is possible with ease

Sometimes holding bitcoin too long can make some lose their profit. Over two weeks now bitcoin price is increasing gradually which is also good to supply to market to make a good profit than hoping that the price will go higher more than the way it's now, not knowing that it will not increase more than that in this year.
Many people never think that bitcoin will still rise at this point of covid-19,where many businesses collapsed during the pandemic even other cryptocurrencies where also reducing price in the market.many who hold their coins for a long time released them to market during the lockdown,hoping that the market price will be reduce than this.
Bitcoin  is rising other cryptocurrencies is reducing in the exchange market. This is the time to release to market because anything can happen to market that will make some say oh I which I know.

It would be wise to sell some Bitcoins.. and help those in need during this pandemic.. and ofcourse to have a cool chilled beer and relax

It depends on people's minds and funds. If you have extra funds and you want to spend to earn more money by trading then you can go for investing in crypto. It will be a smart choice to earn money. I am a student and crypto is the only earning source or mine and I spend money which I get from here and also sometimes try to invest. So it depends.

But then again, we have some investors here that have bitcoins as their last resort or worse, they haven't diversified their portfolios yet. This would mean that they got no other choice but to cash out their bitcoins or die of starvation or COVID-19. Pretty sure the outside economy will recover and they will be able to regain their losses, but lives cannot be reanimated once gone.

Necessity makes a lot of sense. The middle and lower classes who are suffering from this epidemic are suffering very badly. My opinion is straightforward and simple. For those who have bitcoin and are having a hard time spending the day, it is best to spend it. If you get a good value, it is better to sell Bitcoin and bear the cost. Because when all is well, Bitcoin will be there again, there is no point in worrying about it. Rather, it is wise to overcome the current problem.

If you need to buy for daily consumption and you know it in yourself that you have no other source yet because you are one of those who really affected much by the pandemic then go spend your bitcoin and don't hesitate to do that for me it is the best choice rather than borrowing to someone just to survive in this situation. But if you know in yourself that you still have enough funds to survive then much better to hodl.

Hold as much as you can see how much it has grown since the pandemic if you invested back before the pandemic then hold till now then you already have a huge profit.
I would just hold my BTC as much as I could I would only spend it if I don't have any Fiat anymore.

As much we want to hold Bitcoin but uncertain things come unexpectedly just like what we have experiencing right now and that's the pandemic than really gave us hard decisions to sell or better hold our assets during these times. Well, it all depends with the circumstances because we all know we have different  life status, some of them are well-off even with this pandemic and they can hold as much as they like. Unlike others need funds to overcome this crisis thru selling their bitcoin and cash it out to have financial support on their daily needs.

I can't promise to keep my holding intact in the current situation we have now. Spending can't be avoided as we need money sometimes. I can't see what is the wisest thing to do but it depends on the situation we have to encounter. As the price of bitcoin keeps moving high the more I'm become tempted to sell it, in fact, I did some because I need money.

The point about holding does not mean we are supposed to hold it longer, 5 years, 10 years. I surely sell them all if I'm already satisfied with my returns, but for now, I have to save some as the pandemic isn't over yet.

Bitcoin is increasing rapidly and I think it will be continuing some more days. At this current situation, it will be wiser decision to hold bitcoin if anyone wants to make good amount from bitcoin.

Just like what you've already mentioned OP, most people are turning bitcoin as their store of value. So what we can do to our Bitcoin depends actually on what we need. In this time of the pandemic, the store of value characteristic of bitcoin for us is necessary for us to have backup funds that we can withdraw whenever we need it. It is also correct that since most of the job today was remotely conducted, there are some people who lost their job, and with just a fund to store in a bank will not enable them to earn more unlike with Bitcoin, where people could just wait till the fruit was ripe just like in what we have today. Bitcoin just reached an ATH of more than 15k this year.

Imagine, at the start of the pandemic if we bought at 10K USD, we have huge funds available to help us out with our needs.

Bitcoin is my danger partner.  So in this catastrophic situation I will definitely hold my bitcoin.  As the mainstream economy suffers, there will be little pressure on Bitcoin.  And the demand for bitcoin will increase during this time.  This will increase the price of bitcoin.  And because of the price increase, many holders will sell bitcoin.  So my advice would be don't sell your valuable assets unnecessarily.  Save Bitcoin for your peril.  It will be like an absolute friend by your side in your difficult times in the future.

Bitcoin is the best investment that I have but unfortunately, due to the pandemic crisis, I have to use a portion of it to sustain our needs. I spent almost half of it but I didn't regret it because I was also able to help my relatives and neighbors by donating goods during the lockdown.
The price of Bitcoin now is getting higher so I believe that my little investment would still recover soon.

If you will ask me if what would be the right thing to do during covid 19 where the business is currently dying and also their are so many people who are jobless right now, then what would be my answer? during this pandemic I have my bitcoin and I am holding it for at least some years but I am forced to used it to support my daily needs and also my family needs during the pandemic because we need something to eat and we need money to buy some goods in order to survive the pandemic.
What my point is if you have some money to used during the pandemic then GO just HODL your bitcoin, but if you don't have then go just sell it and used it to exchange and buy some goods or products for your family.

Why would I spend it if the current price is this?  ::)

https://i.imgur.com/uT7Syvv.png

Of course, we should HODL our bitcoins right now, there are many speculations that it will reach $20k this year. If you're doubting bitcoin's potential, sell the half and HODL the other half so you won't be disappointed if the btc's price fell down. Bitcoin is still going up even the pandemic right now is getting worst, some of the countries occurred 2nd lockdown while the economy of others is falling down. Bitcoin save me during the pandemic, from $5k to $15k, who wouldn't trust its potential now?

Good thing that the value is still rising up and those money that you spent to helped other people will be covered in terms of fiat value.
Choosing to do good when its needed is really the best way, you still got portions of your investment that you can continue to hold if
possible not to use it and wait till bitcoin price deliver your target profits.

For people who do have their own job and able to sustain themselves on this time of pandemic then theres no point for you to spend or sell of your bitcoin holdings

but for people who do rely into their crypto investments and earnings then we cant really tell that they shouldnt really spend up their coins or making up conversions.

If it means that it would be needed for you to survive then selling it wouldnt be a bad choice.It varies on circumstances yet we do have different situations in life.

For overall then we do know on whats the potential of bitcoin when it comes to future but nothing is assured most of the time but chances to go up is high.

Yes of course, Hold

I was tempted to sell some of my Bitcoin at first. But now that I see prices are going all the way to the moon, I think I'm going to "HODL" my Bitcoin for quite a while. Bitcoin just got past the $17k range, leaving it at $18k per coin. It seems to me that Bitcoin will get past its latest ATH of $20k per coin by 2021. Selling Bitcoin for cash now, may not be the wisest decision to make (unless you need the money right away for survival). I think I'm going to sell altcoins instead of Bitcoin, as most altcoins are not reacting positively to the current bull market.

Nonetheless, the decision of selling or "hodling" will ultimately lie on the person himself. No one can force you to either "hodl" or sell Bitcoin at any given point in time. Always remember, 1 Bitcoin will always be equal to 1 Bitcoin regardless of its price on the market. It's all about usability instead of current price on the market. The recent boom in price tells us that demand for Bitcoin is increasing at a fast pace. Bitcoin's volatility can make you either rich or poor in an instant. It's like a roller coaster ride if you ask me. At least, the decentralized and open source nature of Bitcoin will keep it going for many generations. And that's what truly matters here. Just my opinion :)

First i was thinking that bitcoin price will fall because of covid 19(people sell their coins to fiat to avoide economic isseus) but what i see is that covid didnt affect crypto holders at all,as you can see the curent market situation

Surely, the ultimate point of investing in bitcoin/crypto is, for most, the gains that you can make in your overall wealth in the medium-to-long term? I mean, ultimately, hodlers want to generate more wealth and traders want to generate more crypto (wealth), but both have their eye on keeping crypto (even as a stablecoin). Nobody 'sells' their crypto unless they're a newbie or have no medium-term confidence in it. As it's 2021 next year, the end of the 4-year cycle where everyone is anticipating the bull market to really kick-in, selling now seems like an act of financial suicide to me (at least).

For newbies who are just coming in for a bit of a gamble, hoping to double their wealth overnight in order to buy [say] their kids a decent birthday/Xmas present, I'd say that you might as well go to your local casino and put what you have on red or black at the roulette table.

As practice has shown, COVID has not affected the cost of bitcoin (or influenced, but positively???)))....
Perhaps the first wave of the pandemic has artificially affected all markets? And now the world is ready for this situation! Therefore, the markets do not respond to the new wave...

I would not get greedy and gradually sell my bitcoins. Bitcoin is now growing due to news of the addition of cryptocurrency to PayPal and purchases of large investors. I think the price could go up to $ 30,000 and I would sell most of the bitcoins at that price.

Anyone who sells bitcoin before will regret it and better wait until next year's surprises. I've smelled a new ATH scent coming up soon so be patient, maybe my prediction is $25k for bitcoin and $2500 for ETH.

it will depend on your goal, to be rich in bitcoin or fiat  ;D
we share the market with many big players now, mostly big companies and institutions. they called it a well-educated market.
you should think that those capitalists always stick to fiat.
they will take the profit soon, and they are more realistic about the gains.
but personally I risk everything to hodl  ;D

many panicked by selling bitcoin in large quantities when covid 19 began to hit the world, but there were also those who held. but in my opinion today people who hold bitcoin are very lucky, because bitcoin has increased dramatically and bitcoin is not affected by covid 19 even with a drastic and high increase.
maybe it can be used as an experience if bitcoin will still be able to go up or down at any time, regardless of the situation

Those people must be jumping with joy as they are able to ride the bull run. Covid pandemic might be a factor in the drastic increase of bitcoin since people are stuck at home and forced to find some new ways to earn money.

I believe that ETH can do the same and we can still ride its bullish trend.

panic maybe because they really need fiat money and exchange it for the purpose of being able to make ends meet during the pandemic. What do we know that during the pandemic it is clear that jobs have stopped and there is no income, so we are forced to sell them. but for those who have funds, they are not worried because they know that bitcoin is not affected by the pandemic because there is a pandemic or not bitcoin can transact without any influence.

currently bitcoin has increased significantly so that those who can keep bitcoin in their wallets will receive encouraging results. but the sharp increase in bitcoin is predicted to occur next year and now is just a start. so don't let you not be able to enjoy the increase in bitcoin.

it leaves us no choice but to take some part of our holdings,I also did same thing because of being afraid to be infected so i use crypto to purchase some items online and also pays for my bills the whole Pandemic lockdown.
Though month ago since the situation comes semi normal,i got to gather money to cover my withdrawals that time.
and now i am ready again for Holding.

That's totally understandable because choosing between spending or hodling our earned BTCs depends on our current situation. Almost all of us are affected by this crisis that we're facing. Some even lost their jobs and in order to feed their hungry stomachs and survive every day, they have to spend some, if not all, of their earned crypto.

As for me, though, I am fortunate enough to keep my crypto for hodling. And with that kind of price we currently have, I'm still up for hodling. My point is, the choice is yours. We cannot really suggest an exact thing for you to do, op, because our situations vary. Just do whatever it is you deem necessary.

During Covid-19, Bitcoin went up and down very easily. but after Covid-19 began to subside, now the Bitcoin price has jumped so high. And I think it doesn't matter if you really want to sell Bitcoin right now. Because the price has already hit $ 18.6k

People who require money due to Covid or do not have jobs or salary is reduced are now partially or fully selling their investment in order to pay their bills and take care of family. Under such situation we have no option left but to sell it. But for those who can hold it then better to stay invested in it or want to make some profits then sell something as near 18k and almost fallen 1k from 19k.

People are much worried about the job layoffs and bad economic condition. Everyone can't overcome the situation with ease. As mentioned those who weren't able to withstand the situation selling the holdings is the right choice, because now the price is somehow high and we don't know what's gonna happen then. If the market pumps it's good and if a situation prevails to cashout after market fall then it will once again destroy the economic situation.

Completely agree with you, mate. Not everyone will be able to "hodl" Bitcoin, as we face difficult times during the pandemic. In a world where the mainstream economy is collapsing, it's important to focus on survival more than anything else. My guess is that more people will continue to sell Bitcoin if prices continue to surge across the market. The "hodlers" will be a small minority, mostly consisting of wealthy people and those with stable economic conditions (middle class). Others will simply sell Bitcoin in order to cash it out for Fiat. After all, most businesses and merchants are only accepting Fiat as a medium of exchange. For daily needs, government-backed currencies prove to be extremely convenient.

Nonetheless, the decision of selling or "hodling" Bitcoin will ultimately lie on the person himself. I've chosen to "hodl" my Bitcoin as it seems it'll be heading past its latest ATH of $20k per coin. 2021 could be a year filled with excitement for "hodlers" as Bitcoin reaches new ATHs in price. As long as you're able to maintain a financially-stable life, nothing should go wrong. It's not about greed, but rather how can you survive with what's available in the mainstream world. Just my thoughts ;D

Covid 19 is just an occasion. Bitcoin has nothing to do with it but the effect is going to be realized. Because it is not a paper currency, it does not carry a virus. As a result, it can be spent comfortably. The matter of HOLD is different. Consider the price it carries. The hold depends on how much power and how much money can be taken up to risk.

Of course it depends on the aim of a person and concrete situation. Of course the situation with lots of jobless people and those who had to stay at home wothout salaries made them to go into crypto or remind themselves about their assets in BTC or other crypto. And of course benefits of using crypto were valued again from the other side. But those who hold Bitcoin in those days nowadays are becoming more and more happy)) looking today at the situation on the market.

If you don't need that money immediately, then I recommend to HODL instead of spending it. Bitcoin is on a very good run and you could make nice profit. So, it depends on the situation you are in.

In fact, it depends on people whether they will spend it or not, because at such a time it will be a little harder to make a profit, as the pandemic still exists.

Bitcoin is a moving assets, which it have to do with a human need, base on the particular person, how urgent it needs by having a physical cash to survived. In other hand bitcoin price can not be compared with two months ago and above, because it has added value.

Everything really depends on how big our needs are during the Covid-19 pandemic, of course this must also be carefully considered. Because considering the movement of bitcoin still looks positive, you need to think twice about selling it, I think if you don't need too much finance, it's better for HODL.

Bitcoin is a very volatile asset and its price always difficult to predict. But so far bitcoin has proven that it is an asset that is resilient to pandemic situation and its price is increasing. There are many factor that cause bitcoin price to increase especially as stock investor have entered the crypto market during the pandemic. The US election have also driven up price and it is evident that many who invested in the middle of this year have made big profit now.

The need for money during the pandemic may have driven people to sell some or all of their bitcoin. This is not wrong, because no one can forbid it. Lots of people have lost their jobs and maybe they can sell the bitcoin they got from campaign or otherwise to make ends meet, pay bills and so on.

Right now the rally has just started and it will be a retarded move to spend your coins. I would rather recommend waiting another 2-3 months, when impact of the Bitcoin adoption by PayPal will be clear in the cryptocurrency market. The exchange rates are so close to the ATH level. Once it is breached, we can expect a very sharp spike. But then, the decision depends on the individual.

Most of the people sell bitcoin when they need money emergency and this time don't think others. Bitcoin holders never be a loss but the maximum time we see that people sell when its a panic time or need money emergency. Now after a long time bitcoin up to 19000$+ and hope it will be 30000 $ soon. Most of the bitcoin holders never set their profit when the price is so high they become so greedy and never sell but when price dumping sells everything. So make you sell rate first then you can sell or hold more long time as you want

The decision should be based according to how you understand the market, while the value continue to spike it's not appropriate to use it by now,

much better to keep and hold, there's a lots of possibilities that it will continue to grow, you mentioned the after effects of PayPal, it's still on the

process but in long run it will attract more institutional investors to start moving inside and take part of this industry.

depending on individual needs, but if there is more and unused money, it's better to invest in bitcoin, it will provide a lot of benefits because bitcoin will slowly go to the top. But if the money is to be used it's better not to buy bitcoin because during the covid period,  we are all so hard to make money

It's continuously a great choice to hold bitcoin for a long period of time. As it were hold what you'll be able manage to lose. I'm holding the coin what I have contributed long back. My investment have nothing to do with the widespread covid.

Although there will be a little regret when bitcoin is already ATH, but if the need for something is very urgent, we can’t wait for it, right!
With Prices of bitcoin are constantly increasing, indeed the desire to spend bitcoin is very tempting. It's happened because we have already take a profit if someone buys bitcoin at the bottom price. It's doesn't matter because someone already takes profit from bitcoin. It is not something bad.
But because human nature is never satisfied, then he will be greedy and that is natural. Especially if bitcoin can reach ATH. I don't want to miss it either.

This is a good question because I was very tempted to sell some my satoshis when price reached point of $19,000 usd. 

But I did not sell and now I am regretting it big time.  But I feel spending during Covid 19 is not a good idea either unless you do not have enough fiat money.

I do not think spending Bitcoin in general is good idea so especially not during Covid 19.

Spending amidst this pandemic is not advisable unless its necessary and you needed the stuff you are going to buy. Hodling will be alot better if the money you put in bitcoin is just pure extra money for investment and you have extra money to sustain your daily needs.

You should not regret any of your decision in bitcoin and specially if you are trading right now. Just stay calm and HODL. Once bitcoins price breakout again the price will surely be higher than $19k from last pump. You will get nothing from regretting not to sell, all you can right now is stay positive and trust in bitcoin.

Let's wait for the btc on 3K again!
Btw is anyone here investing in stock markets as well?

I'm interested in ipo, abnb stock (https://www.tradingview.com/symbols/NASDAQ-ABNB/) IPO exactly.

There is no exact date when it will drop the stock however it could be dropped on 10th of dec so was wondering if to buy the ipo is a good idea. sorry for the offtopic btw

In no way do I think that this epidemic of coronavirus has any effect on the rise and fall of bitcoin because no one can say exactly when the price of bitcoin will rise or fall. Bitcoin moves at its own pace so it may be our misconception that this epidemic  Coronavirus causes our bitcoin prices to go up or down so it's best to get out of this misconception.

If each and every user have the same mentality then how will the circulation of bitcoin takes place over the network. Even when we prioritise bitcoin as an investment, we need to spend little bitcoin when necessary. If there is zero circulation or zero usage the network will go without any usage.

There is nothing as don't use during this time period. This is the situation where people weren't able to afford the basic necessities. By this time it is a good choice to sell for the living, because we don't know whether we'll be alive tomorrow.

During the covid-19 where many people find it difficult to grow their business and other business activities in the country just because of the virus that was spreading all over the world. I release all my coins to market to make a reasonable profit which am still using it  to grow my business and family. Bitcoin is still rising in the market which can still help some investors to make a good profit than holding the coin which market can change at anytime.
I make a good profit during the pandemic that caused some trader to lose their job and some where finding it difficult to feed their family base on what corona virus has caused to the world economy.

Yes. Bitcoin price is so violent because it's a cryptocurrency coin. People are getting a big profit from bitcoin who invest money in the middle of this year. Bitcoin holders never lose and they get profit so huge if they can control when it's panic time.Bitcoin price increasing after the USA election and try to break all previous records. We don't know what's happen in our life next so bitcoin is just a coin.

Crypto is one of the solutions that many families find to help them through the covid-19 outbreak...they become in an unstable financial condition and the crypto that they hold help them alots

I think most of the time it stands on financial situation. If you do not need any money why should u invest in bitcoin. Than just hodl & w8 for the rest on crypto market.

Well, spending it would seem like the only option, especially during this period of Covid-19, where physical transactions proves difficult.
 But, it is important to see the bigger picture, one which involves a great profit from holding Bitcoin for long.

I prefer to spend other cryptos and Bitcoin hold as much as possible. The time of Covid19 has been unexpected and difficult but thanks to Bitcoin and crypto they have been the most awaited solution for many.
For what they have allowed to evolve the new and financial systems.

no one can predict that the pandemic will end sometime and everyone has tried to do many ways so that the pandemic can be contained and not too big so that the economy can run.

whether bitcoin will be used or hold, it depends on yourself. maybe you really don't have another handle of funds, and have to sell them because of an urgent need, then you deserve to sell. if there are other funds, of course it is very unfortunate that your bitcoin is for sale because it is better to hold it off waiting for the ATH that will occur next year.

Do not feel sad and don't be greedy too, it's all fate we can't change the destiny forget about the past and wait for some time don't panic sell your asset as the price has went down. This is a temporary correct let's hope for a it will bounce back stronger than ever, if opportunities are missed it's pretty hard to digest but that's how the nature of crypto is built up. And yes I appreciate you for holding your asset during tough times like COVID-19 and now you deserve it.

hold or sell bitcoin depends on everyone's policy. In the current pandemic conditions, Bitcoin may be of little help if people are struggling in the economy, and this can be used as one of the best moments to get income quickly from bitcoin during the Covid19 pandemic.

Maybe because of the lockdown in the different countries help the bitcoin to rise because people are not go to the outside to work so they need to find a work and that is through online and maybe more them found the bitcoin.

Holding bitcoin in during quarantine is good because if you are the one of the holder on that day and upto this now you gain a good profit and you will get more once yoi hold it.

I will say that all bitcoin holders should hold there bitcoin and be observing what is going to happen,But the issue there is nobody knows, Bitcoin is the only stable  currency during the Covid19, Other currencies had some little issues one way all the other, But I will say that it a choice, spending or holding it is just based on individual needs, bitcoin will ever stand no matter what happened in the world, as long as is not a physical currency, the power of bitcoin increases in daily basis, Well I will say that bitcoin is the only coin that can link other currencies together, the straight of bitcoin continue to increase as the positivity of the holder increases.

No one will be disappointed because of Covid 19 tighten yourself. Need to try to deal with the situation good decision to hold during COVID-19. There is nothing to panic about as there will be risks in everything. The next step is to think positively the better time to invest in bitcoin the more the price will rise. Don't be disappointed if the price goes down hold on and you will get a lot of profit.

As for me, I prefer to hold a portion of Bitcoin and spend the rest on my daily needs during the Corona epidemic, as you know, prices have now doubled and the price has increased in all countries of the world as a result of the epidemic, so the salary that I get from the job is no longer enough and I need to spend more money.
On the other hand, you should not spend all the bitcoin that you have because we are waiting for a new ATH of Bitcoin towards the end of the year or the beginning of the next year so it is good to hold a good amount of Bitcoin until that time.

I still have stock of bitcoins and altcoins stored before the pandemic, I have already made multiple profits but I haven't thought about selling them, just waiting to reach the new ATH soon because it is supported by the gradual recovery of market movements

It depends on the category of persons, some people do spend their bitcoin cause they bought it to make transactions for financial purposes or reasons due the present situation but investors do not spend bitcoin no matter the situaion.

Since I found Bitrefil can sell me Gift Cards for my local grocery store, it means we eat just as well as we did when my wife was working and that gives me a better feeling than dreaming about how much I can stash away that I may never live long enough to enjoy.

Investors who aimed to use this coin as their assets for investment do have spare fiat to use for their everyday payment transaction. They use

bitcoin as good reserve during this pandemic, for those who continue holding it from the time this virus affects the whole economy, they are now

benefactors as the value really rise high.

I observed that during this Covid-19 wave, the Bitcoin price increased gradually, so depending on the needs of each individual, we have our strategy to be reasonable. If Bitcoin goes past $ 20,000 I believe Bitcoin will be worth it for us to hold instead of selling it. Maybe Bitcoin will make a record price in 2021 this year.

Bitcoin is a currency and meant to be spent. The price right now is really good so I see no problem with spending some bitcoin. It's meant to be spent and it's good for the network it's good for the economy and business.
I mean if no one spent their bitcoin imagine that? The network would just sit there and do nothing except for the mining transactions.

If you have fiat cash flow I would not advise you to spend bitcoins. 

The global financial system is undergoing a transformation.  All countries are busy developing central bank currencies (CBDCs). 

For example, the Central Bank of Russia recently announced the creation of a digital ruble.  In Russia, three types of fiat money will be used simultaneously - cash, non-cash money and the digital ruble.

I think that in such a situation, rich people will start converting their capital into gold, stocks and bitcoins.

HODL!
And put some, not more than 50% in some CEFI, not DEFI, earn interest which you should spend for living.
I hold and send my BTC  mining rewards to apyharvest.com and earn 7.21% APY . I also hold there ETH @ 7.82% APY and some nice amount of USDC @ 14.96% APY.
It is best way to hold BTC. Also i highly recomend their service.
This is not ad, i do not want to post my referral code here. Just info from satisfied customer.
I also hold some coins at celsius, but their BTC and ETH APY% is lower and they do not support direct mining to interest account.

You can't really afford to invest when you can't make money because of pandemic. I am also a bitcoin and altcoin hodler yet there are times that I need to withdraw my money from my trading account because I have no work to sustain my family lives. Its sad because we can't make money during this bull run season. Right now, I gained a little bit in my freelance as well as sig camps. I tried to turned them all in a way that I can double up my profits.

We do have our own previleges in life, some were already have their savings that even if they don't have worked and no monthly salary can still provide their needs and the needs of their family. Its not impossible that some of us here which has no choice but to sold or spend their bitcoin during pandemic because they don't have any other choice. Though today wasn't the right time to spend bitcoin because of a high peak of market value.

Well I have sign many critiques about the influence of covid19 on the bitcoin. In fact a lot of people think during the massive restriction and lockdown that bitcoin price will collapse due to the fact that many will result in spending bitcoin since a lot of jobs are being lost meaning saved funds will be only hope for survival, it was another scenario when the government started given out stimulus packages to the citizens to cushion the effect of pandemic. Many people were believed to have used that money to invest in bitcoin and that kick off the initial rise in the price of bitcoin. I believe anyone that invest with the stimulus package will be laughing by now because it was a good and timely decision. hodling or spending depends on individual wants and needs. If you are still having a paying job and not completely handicapped by the current lockdown, then you can hodl but if you rely on your saving probably because you have currently lose you job, it will be hard to keep hodling because you will need money for daily finance and up keep

I think it depends on your situation. If you have many bitcoins then you can divided it into two. Hold the half and spend the half for your needs and other necessities but if you have other source of income to provide your daily needs then much better to hold your bitcoin. Bitcoin has a bright future and now it will preparing to reach more higher value in the market.

Agree. I wouldn't touch my Bitcoin even if I'm tempted to do so when prices are rising like skyrocket. There's more to crypto than meets the eye. PayPal's recent announcement of letting people buy or sell crypto, tell us that adoption for the industry is increasing at a fast pace. I believe that the best is yet to come within 2021. Imagine Bitcoin hitting $50k next year due to the ever-increasing demand on the market. You could reap a lot of profits if you've managed to "HODL" most of your Bitcoin. Unless you need the money right away to survive, I wouldn't recommend anyone to touch their coins in this bullish trend.

Nonetheless, the decision of selling or "hodling" Bitcoin lies on the person himself. It's always important to be in control of your decisions knowing when to say yes and when to say no. Don't let anyone influence you on making decisions that you'll regret in the long term. Instead of making your decisions based on someone else's opinion, you should do your own research about the specific cryptocurrency your investing into. By doing that, you'll be able to achieve peace of mind regardless of what the price of a cryptocurrency will be on the market. During a bull market, I usually sell some of my Bitcoin holdings for profit. The rest is stored on a cold storage wallet for the long term. By doing this, I'll be able to exploit every opportunity that comes during a bullish trend. Just my thoughts ;D

No doubts, the price of bitcoin have increased tremendously during the pandemic, it has also been able to hit its ATH after 3years, and it reached the ATH during a year when the financial system of the world crashed, who would have known that the pandemic would favor bitcoin afterall ;D.
Bitcoin hodlers definitely have more spending power right now, because as the price of bitcoin keeps increasing the value of bitcoin compared to fiat is also increasing,meaning hodlers can use their bitcoin to buy more things now,but I'm not sure a real hodlers will still want to spend his/her bitcoins right now,they will want to keep holding it.
If you don't need the money urgently, then there's no need to sell your bitcoin, it's best you keep holding them.

This makes sense, obviously the optimal strategy will be to never sell your bitcoin until it reaches a price so high that it changes your life, but we know that reality is not so simple, the pandemic has changed the world and many people are trying to survive to the best of their abilities, if you have some bitcoin then this is the opportunity to use it while it has a huge value compared to fiat, many people do not like this because they think that those people are going to regret their actions but if you need that bitcoin in order to buy food or other necessities you do not really have any other choice.

From the looks of how people will act in case of even bigger crisis, i am definitely aiming to come out every month with the bigger btc amount.

It actually depends on you. If you have enough money to support yourself or your family for a living during this covid-19, then you should stay to hold your bitcoin. You shouldn't spend it as much as you can since there is no one who can tell what would be the worth of it in the next following months.

This is all about the user's self interest and the ability to withstand. Once after covid-19 people have suffered a lot in terms of economy, medical aid, and meeting daily life needs. By this time one should understand and take decision, he should prioritise what is quite necessary for the moment and do the right thing than going on hodling for future profits.

HODL will be better than spending it, and as the price grows, it will be a lifesaver for your finances.

Covid-19 is not a usual situation, it's a pandemic where everyone struggle financially due to lack of opportunity to earn, now we are ask if we hold, I guess the answer is easy, it depends on your current situation, when you are struggling financially, why hold when you can use it to survive.

If you allocated your bitcoin for investment and you have separate funds for your needs even during this pandemic, better continue
to hold and wait for more good news that happen.

Bitcoin again gaining support from businesses and investors. With this continuous run expect to see more pumped possible to reached
$25K-$30K after this year.

I have been consistently following my small strategy: buying the same amount of Bitcoin every month (what others call DCA, but I am not in the dollar area). This has always been a no-brainer which has given me peace of mind. I don't care what the price is, I simply accumulate.

You are using your bitcoin correctly, many say that we must hold our coins no matter what but there are many circumstances in which this does not apply and you are experimenting one of those, money in all its forms is there in order to help us to get through difficult times and there is no doubt that the coronavirus pandemic that we are facing has affected every single person around the world, and if you lost your job and if you have some bitcoin in your wallet then it is fine to use that bitcoin to help you survive.

^ all depends on the needs of the holders. if you really need funds then it is fine to sell the Bitcoin you have, but if you don't need fast funds then you don't need to sell Bitcoin, and I recommend HODL until the price is really high.

I happen to sell some in between due to personal requirement of money during lockdown days. Had no choice so no regret that sold for cheap as after that bitcoin price has risen. But continue holding the rest and will do so because it seems that we might see crossing 20k soon. As well looking to buy during the dips as a short term investment.

In case if you have expenses to take care of, then obviously you need to sell some of the coins that you are holding in your wallet. The only thing to remember here is not to do panic selling. There will be several rounds of correction before Bitcoin is able to breach the $20,000 per coin level. Be patient while the correction is underway. Sell your coins, once the price recovers after the correction.

It all depend on the demand of the people, if you will going to see more and more demand meaning an increase of market then hold it. Once you think you are satisfied with the increase then sell it. In my case I can't be greedy getting profit is already good and that current price at the moment for bitcoin is already an ideal if you are holding bitcoin to sell it. Well, it all depend on you but in my case I rather sell now than wait for the whales to dump bitcoins and you can't earn profit anymore.

Definitely. There could be no specific answer to this question that fits everyone. All of us here have different situations to deal with amidst this pandemic and the choice between spending or holding bitcoin depends on someone's needs. Some might hold, some might sell at some point. But both are justifiable but considering the price of bitcoin now, it would be better to hold unless you have an emergency to use your coins.

Buy low and sell high if we do day trading. It really depends on the perspective of the person. If they did bought Bitcoin on January and #HODL it until now, they would have enjoyed their gains by now. If I were in their shoes and bought Bitcoin during it's lows, I would hold it until it's the right time to spend it.

As the members said above its all depend on your self , if you need money to buy things and you can pay with bitcoin thats fine , but if you will buy things with bitcoin just to buy them i think its better to hold your bitcoin and trade it if you are a trader , by this way you can make more profit from the current market especially when the altcoins bull run havent started yet , thats what i would do anyway

Why hold as much as he can if he already earn huge profit?
Just in case he already earn enough profit, I think isn't advisable to hold Bitcoin anymore because he can actually trade Bitcoin. For example he bought it for just $9,500 few months ago. Then now if he will sell it big enough profit he earned. He can sell and buy again Bitcoin than just hold it without progress. This is just my opinion.

I'd heavily say both spend it and HODL some, it's been a strategy that every holder does, you'll never know if the price would go upwards, it has been a series of crazy ups and downs but having to split 50/50 on whatever your are holding right now is a gold idea, at least you get to buy all your necessities during this pandemic and also save up some for othwr expenses and then hold the remaining BTC for future purposes, we don't know when will the pandemic end so it's best to split it for the sake of upcoming price spikes in the future.

When it comes to the problem of living necessities it is indeed very difficult to choose to hold or throw it away, because an epidemic like Covid19 is not expected by everyone, and we are also required to keep our distance and close our businesses and have to work at home, if we have a large amount of Bitcoin, maybe half of it. or some BTC that can be thrown away to cover the necessities of life, but if you have a small amount of Bitcoin then, like it or not, you must throw it all away, so you can play the money to open a small business, at least be able to get income even though it's not too big, because we know that it is very difficult for us in this pandemic to get money, at least we are already trying to make an income ..

For me, spend or hold is the same. as long as you get the profit and opportunity for big it is not a problem. but it must be thought beforehand before holding or spending so as not to fall into losses

That sounds reasonable but we really cannot force others into what we want or even the opportunity other users are missing so as long as it is not destructive among all users, the decisions that we made must be made with clear minds since it would be a great deal of money that we might be losing if we decide slowly. HODLing for some is like when they wanted it to leave as a legacy and since I'm reading a lot topics that tackle that topic, it is possible that some people are only HODLing so that they would give it to someone else.

I'd do both, I don't see any reason to not use bitcoin to pay for stuff online as well considering how easier it is to use crypto for payment these days, if you don't have any extra Bitcoin aside from the part that you set aside for long-term investment then you just have to convert some of your fiat to Bitcoin for your day to day purchases, but if you're just on the fence for spending the BTC that you initially bought for investment then I wouldn't spend that specially until this pandemic exists and is not totally gone, just let it ride and even if it goes down keep holding as in my opinion it always will go back up, it could take months and even years at time but it will.

It depends on one's personal strategy if he would sell or hold his bitcoins during COVID-19 because bitcoin's price is still unstable and it remains unpredictable due to its volatility; that is why it would be hard for someone to decide if he would sell his bitcoin while bitcoin is down again. But if you have nothing to use with your holdings, such as necessities, it would be better to hold your bitcoins for a while and only sell it if you needed money for necessities.

I was forced to spend my crypto during the pandemic since I didn't have a job so I didn't have a source of income to sustain everything.
But if I could I would just HODL it and continue to save some BTC.

In my opinion, if you have already invested in bitcoin earlier, then you have already made good money, and at the moment if you look at the situation on the markets in general, that is, there is a good growth prospect, and COVID-19, on the contrary, made it possible for bitcoin to grow even more and for the fact that large companies invest in digital assets since they are not tied to anything and my opinion if you have bitcoin then do not sell it now, but rather hold

Its really hard to hold more Bitcoins during this time of trying. Almost everyone losses their source of earnings since the lockdown started, that they turned to their Bitcoins to spend it for survival. For me, holding Bitcoins is the most wiser way so that we can have something to spend when the situation became worst. Its just similar to your Savings in a Bank, if you did save, you have something to withdraw and you will never be hungry. However, those people who didn't spend their Bitcoins during this crisis are so lucky enough to get huge profits as Bitcoins spikes higher. 

If you have invested in Bitcoin in the early days or when the price is still very cheap then using it for something important is not a problem because one of the reasons about investment is to get a lot of money or assets, if we need it then it is not wrong to use the profit from our investment, meaning we can already enjoy the results of our investment. Choosing to spend or holding it is not a problem and also very much depends on the purpose of each person who owns Bitcoin.

I agree. The purpose of BTC is to help ease the financial hardships at times like this, and it is a personal choice if one's best option is to HODL or sell BTC. And it is true that if an early adopter faces this question, the answer might be easy since the price of sale will definitely reflect a good profit. The opposite might not be so clear (i.e. for a person not having invested in BTC during its early days) so a more thorough investigation by that person is required to reach a decision - at least that's what I think  ;)

My opinion is that COVID 19 hardly had any impact on the cryptocurrency sector. So it should not play any part in deciding whether you should hold or sell your coins. In my opinion, it will be quite foolish to sell your coins right now. Because mainstream adoption is on the rise, and this will translate to higher demand, and thereby higher prices during the next 6-12 months.

It depends on you if you think that you already have a decent profit with Bitcoin, then hold it. But at times like this, bitcoin is unpredictable as it already reached a new ATH, many hodlers are confused whether they should already take profit or just let the market decides their faith. IMO, you can always reenter again in Bitcoin if it dips, but if you think Bitcoin is a great store of value, then there's no reason for you to sell it as what we are all avoiding is when we have sold but the price surge way up to higher resulting for us not going to be able to re-enter again.

Pandemic situation makes cryptocurrency more stronger than previous position of pricing. I don't know it is good to say but it happened in pandemic anyway.

I have plan for holding my assets for a long time but I can't do it because of pandemic. Because I have lost my physical job so I have to spend money for my family and me.

Those who hold their assets already got protit from it. During pandemic Bitcoin has reached its ATH value and almost traded at $19k+.

It cannot be explained specifically.‌ It pivots thoroughly on the circumstance whether it will be spent or hold. It is wise to speculate about profit and loss. But it is problematic to be competent at all theaters of life. The moment that is passing covid-19 should be evaluated without thinking too much profit-loss, here you have to think that how to pass this pandemic time perfectly.

It's a simple, yet effective strategy to accumulate Bitcoin without actually "breaking the bank". A little investment here and there will make the difference in the long run. I'd advise anyone to "hodl" their Bitcoin during a bull market no matter how tempting prices may seem to be. The only exception would be if you need the money right away to survive. Other than that, just keep "hodling". Believe me, I've sold some of my Bitcoin during the 2018 bear market, only to regret making such decision. I was desperate since prices were going down the drain in a blink of an eye. If I would've held onto my Bitcoin today, I would've made a lot of money that could've serve as a retirement fund. Well, I've learned my lesson as I'm not selling no matter what. I believe that the best is yet to come with a Bitcoin halving taking place every 4 years. Imagine how much Bitcoin would be worth in USD by its fourth halving. If you hold Bitcoin today, you could benefit from higher prices in the future.

Nonetheless, I believe that the vast majority of Bitcoin "hodlers" will be tempted to sell their coins in exchange for cash. Newcomers into crypto will be the ones doing such moves, as they're looking to make a quick buck out of this emerging industry. But experienced crypto users will wait for the right time to sell a small amount of Bitcoin to keep the rest for the future. One thing for sure is that COVID-19 has boosted Bitcoin's popularity in the mainstream world. If this keeps up, we'll be able to see Bitcoin reach new heights in terms of market price and mainstream adoption. Just my thoughts ;D

I think spending or holding bitcoin in this covid 19 Era would all depend on the needs of separate individual as well as their source of funding. A man totally reliant on trading will take profits from bitcoin to prepare for the Xmas and Chinese new year, while a salary earner bitcoin trader can simply do otherwise.

Either ways, as long as you recoup more bitcoin later, it's good

I spend all my bitcoin during the pandemic that was causing hardship all over the country. Since bitcoin was still rising in the market that was making people to make a good income from their businesse in the community.
Bitcoin is still rising that is causing other cryptocurrencies to reduce in the exchange market.

We heard that hold is gold.Bitcoin and eth is the best and valuable coin on crypto coin...Bitcoin price increasing day by day so if you don't need money emergency buy bitcoin now and hold tight

The trick is to accumulate at lower prices and to sell at higher rates. Right now, Bitcoin is trading very close to the ATH level, and therefore I would say that now it is optimal time to sell at least a part of your holdings. In the future the exchange rates will definitely go up. But no one knows how much time it is going to take. Bitcoin may reach a new ATH level within the next three months, or within the next three years.

Yup it always depends on the situation however if you can still hodl your bitcoin then you should keep it longer because bitcoin is at ATH stage again where people are going to pump it up and it will be higher price than we are going to expected , for me i just sell some of my bitcoin if i needed since i don't have job because of the lockdown and it is for my financial daily needs to support my self on daily basis, Holding bitcoin isn't that hard as long as you make profit everyday from trading and save it as investment too.

But it is not as easy as you make it out to be, trading is incredibly hard and anyone that has tried it before knows it, this is why holding is such an attractive option, if you just keep your coins then over the long term there is a very significant chance that you will have more money than what you invested, and this is even more true if you wait for a dip in order to invest your money, however the story is different if you can actually trade, if you can then it makes sense to do it as the potential for profits is even bigger.

That depends on your financial situation. If you are running short on savings, or in case you have utility bills to take care of, then it may not be a good idea to wait for 3-4 years. Because right now Bitcoin is trading close to ATH levels, and we don't know whether the prices will continue to go up or whether there will be an extended phase of correction which can last for more than a year (similar to what we had after the peak prices of 2013 and 2017).

Completely agree with you, mate. In times where there's a bull market, the best thing you can do is to "hodl" your Bitcoin and wait for the right time to sell a small portion of it for profit. You'll benefit the most if you "hodl" your Bitcoin in the long term. But not everyone is capable of doing this. Considering that most people need the money to survive, it's quite hard to "hodl" your coins when prices are going all the way to the moon. There's always the temptation to sell your Bitcoin in exchange for cash, to help secure your profit in an uncertain crypto market. If you're can afford to "hodl" your coins for a very long time, you'll be able to achieve true financial freedom.

Nonetheless, you have the choice to either sell or "hodl" your Bitcoin at any given point in time. Right now, prices are going to the moon because of the COVID-19 pandemic. People are more interested in crypto, because of the benefits it provides on top of traditional banks in the mainstream world. The collapse of the mainstream economy, will further drive adoption of Bitcoin and other cryptocurrencies worldwide. Given the current situation we're facing, it's best to "hold on tight" until the pandemic comes to an end. After that, prices may stale or go back to the way they were before the pandemic. Early adopters of Bitcoin will benefit the most as it reaches new ATHs in price. With Bitcoin getting closer towards its ATH of $20k per coin, the reason for "hodling" it becomes stronger each day. Just my thoughts ;D

I have utilized a portion of my property toward the beginning of isolate to begin an online business and to pay in our month to month costs without realizing that the cost of BTC will set to have this siphon. Since BTC cost is too unpredictable we never realize what can occur also in case we're not ready to cover our tabs and have an additional task to support our living. Fortunately, I didn't burn through the entirety of my possessions and at any rate actually get an opportunity to pick up during this BTC siphon. Spending and Holding will rely upon our living status the individuals who have still positions and enough investment funds will sure to just hold and pause.

I hold my coins during the pandemic because the market was not too sweet for my taste during the covid-19. Many traders where thinking bitcoin will not reach $20k before the end the year 2020, that make many to sold their coins during the pandemic.
Bitcoin price is now running to $23k, that is making many traders who still exercise patient during the pandemic not to sold their coins because they still have hope on bitcoin that it will reach &20k before they can sell. I just released my coins that I have been holding since pandemic.

So are you going to hold on to your coins for the next 100 years? At some point, you need to sell your coins and do profit booking. If you have a lot of funds and don't need anything extra, then you don't need to sell your coins. But for the remaining 99% of the users, Bitcoin has returned good profits and time has come to sell some of the coins and diversify in to other sectors.

"The way to make money is to buy when blood is running in the streets." - John D. Rockefeller

Somebody more wiser than us already answered this question long ago.

Maybe his trying to say is whether his going to earn bitcoin his going to hold it all his profit from trading and other activities his going to hold them until the right future comes to sell them all i think. Because i have the same goal that i will going to hold my bitcoin,because i have financial needs to be done every month so some of my profit sell them since we are in still in covid pandemic.
yes as long as there are users of bitcoin , bitcoin will continue to rise its volume there are always new investors for bitcoin because they already knew that bitcoin has something in the future.

I tell you can spend Bitcoin during COBID-19 Cause Today world go to dire situation. Many people died for covid-19 so i tell you can spend bitcoin in your real life. Also today bitcoin price highly increase. so i suggest you that sell it and wait next year. I hope bitcoin price can be decrease.

The reason is that people are investing in bitcoin because the economy will struggle due to the effect of the covid-19, stocks are falling, investors are just looking for another alternative. so it's up to you if you will hold or sell if you have bitcoin at the moment.

It will certainly decrease but only time can tell.

It certainly depends on individual to individual since we don't have a similar monetary/monetary circumstance. On the off chance that you actually have the cash to spend and push during that time or month, attempt to hold your bitcoin and sit tight for the occasion to sell at a more exorbitant cost. Selling then again will net your misfortunes on the off chance that you monitor the cash you purchased the bitcoin and contrast it with the cost when you sell it, it will fall into your hands to settle on an official choice. Legitimate arranging of your funds, later on, will extraordinarily help everybody.

In my opinion, you need to save money and hold. The virus will only worsen our life, it will not just go away, it will be for a long time, so you need to have money to exist. Fiat money is not the best way to store your savings, and bitcoin now looks very worthy against the background of its competitors, especially since its price will surely grow in the near future, so the choice should be made in the direction of cryptocurrency or precious metals.

That's what I actually do right now during this time of ATH. Whenever I see that the price si good, I sell some of my bitcoin just so I can have a profit from what I have earned. It's just a matter of watching the price from time to time and decide when will you sell.

HODL. Always HODL

It's always important to sell a portion of your Bitcoin in order to secure profits. If you don't do that, you'll miss an opportunity of a lifetime of becoming financially stable. Spending or "hodling" Bitcoin is a decision that lies solely on yourself. The high market prices may be tempting for long-time "hodlers", as it brings a huge opportunity for profits. If you desperately need the money to survive, then the best thing you could do is sell your Bitcoin in exchange for cash. Otherwise, continue to "hodl" it until you think it's best to sell. I'd advice anyone to continue "hodling" their Bitcoin, as the best is yet to come. The COVID-19 pandemic has greatly increased people's awareness about Bitcoin and other cryptocurrencies. For the first time ever, Bitcoin has crossed 2017's ATH of $20k per coin. The pioneer cryptocurrency is now sitting in the $22k range. If market patterns repeat themselves, 2021 could be the year where the market experiences a constant bull run. It would be unwise to sell Bitcoin now, when there's lots of money to be made in the future.

Nonetheless, no one knows what Bitcoin's true prices will be in the long term. As long as you earn more than what you lose, there should be nothing to worry about. It's all about being financially stable in order to survive in the mainstream world. Just my thoughts ;D

I agree with you that we must still save on expenses during a pandemic like this, but we must be optimistic, even though it may take a long time that this pandemic should end soon, don't be pesimic.
at least it will be a common disease like influenza etc, not a pandemic anymore.

what you say that saving money in the bank is not the best way nor can it be justified, if people do not have other abilities and only rely on salary alone, the bank is the best solution.
but for those who know crypto, of course that is definitely not the best thing, because there can be a way to invest in projects or buy tokens that are in growth, which will obviously be profitable . for example at this time of course bitcoin is on the rise because of its price but I'm sure the top-ranking altcoins are also good.

I like the HODL option more because cryptocurrencies are stronger that fiat during pandemics and other crisis. 

Every saved penny gives you more options in the future or for rainy days.

This post was made on 31 of October and everything in your post are true. Bitcoin has been going up steadily and it's even crossed it's ATH. I'd rather keep holding because it's my decision. Those who bought and didn't sell of during the 2020 bull run are in profit right now, and so are the day traders.

What will be your target price for Bitcoin? I am targeting a price of $250,000 per coin by 2025. I am sure that a lot of the users will laugh at me and claim that these prices are not achievable. And they have solid reasons to think so. If the exchange rate goes up to 250k, then the market cap would be around $5 trillion, which would mean that 1.5% of the global wealth will be in the form of Bitcoin. But I have remained loyal to Bitcoin for more than 4 years, and I would say that this level is very much achievable.

This is actually still optional for most users but its a suggested move. HODLing would really be fruitful for Bitcoin but its really not suggested on Alternate Cryptocurrencies that is still on the process of improving their platforms. Some of this Alternate Crypto's might drop their values very fast and you really need to decide at that moment in which will you accept the current value or trust the platform to raise its value? We must also remember that we can lose money that we did not have since values within this industry is fluctuating.

Actually, I would proceed to hodl most of my Bitcoin. In the event that the show increment in Bitcoin's cost is as of now sweet, what happens for the another months and a long time must be way sweeter. I  looking forward at long term with much more fervor presently.

I don't think BTC price has anything to do with covid lockdown and economic slowdown.
BTC has attracted attention of many institutional buyers and that is what will keep pushing BTC price.
If it were not for covid, BTC would already be @$50k.

You shouldn't have to hold your bitcoin if you are in problem.it mostly depend on what is your current economical condition.If you have enough ability to handle your daily livelihood without spending your bitcoin, then no need to spend btc.even if you have good circumstance then you might buy more.Although due to high price, btc can be risky to buy now but life is returning back on track as before and covid-19 isn't a headache anymore.so now you should do what is seem best for you, in your thought

I'm hodling. And do not trade at all, except when giveaways are announced. Because I'm lucky then. Now taking part in a Freewallet's one. Who wants to join?  ;)

Lol, yeah I had seen one of the post of Satoshi Nakamoto about sending 1 BTC and then he will going to double it. It was really one of the best thing that had happen in the forum and that scammers are also trying to imitate Satoshi Nakamoto and then others get scam by them. How I wish Satoshi nakamoto will go out again and do the same thing he had done before. It was a nice giveawat BTW from the founder of bitcoin.

It is interesting to discuss HODL in 2020, why is that? because the covid-19 pandemic provides opportunities for new investors to know how bitcoin works and is useful, of course this is a positive side to see at the end of 2020 bitcoin gets a new ATH.

I think it would be better if you buy at a year-end to early-year discount for bitcoin, given that there was a little polemic that happened to the SEC yesterday I think it will also have an impact on bitcoin.

Hold it. It would be better if you hold it. Bitcoin's price is growing and it's time to buy it. Don't worry, you'll always have time to sell it.

Holding is always the recommended thing to do if you don't face any serious problem that requires you to sell your bitcoins. As for my situation during this year, I had to let go some of my bitcoins and sell it half of its price today. I don't regret it although sometimes my emotional thinking makes me regret it. But that's it, I'm in profit when I've sold but it would be greater if I've got to sell it during this $20kish times. But that's it, it's too late for me to think of it already and I've spent the profit correctly that I took which helped me to avoid further bad circumstances and financial problem and matters.

Well, you've said it. "Decision". It's up to us if we want to sell or hodl amidst this crisis we're facing. Some of us might be in urgent need of money so some might sell but for those who's just steady financial even during this time, then maybe it's a good idea to continue hodling. As for me, I'm more on the latter but still doing the former from time to time. I had to sell a bit because it's Christmas season. But otherwise, all my other BTCs earned is up for hodling.

I just caught myself with a thought, that I still havent decided what must be Bitcoins price that will made me sell it. In spring I thought that $10,000 is enough, but now I see its potential to growth and consider keeping it. The only reason I would sell Bitcoin (perhaps at any price) is an urgent need in fiat. Like situation that you need money right here, right now. Situation that money can really impact on my future life, and a situation when I'm in a need of a new car, house, mobile or pc.

Spend if needed and hold if you do go for long term.It doesnt need to be held up when you are in need.
You do need to make such decision for yourself and find out if it is necessary to take action then dont hesitate.

Yes, sometimes we need to spend Bitcoin for urgent things. In this situation, we don't need to hold all our Bitcoin, there should be some for selling. No need to keep holding if it is for urgent things. I also did the same thing as you, buddy. For me, Bitcoin is my asset that should help me in any situation. What for the assets if it cannot help once we need it.

I spent bitcoin at the beginning of the pandemic and I did it because I had no other option. Now that its price is on the rise, I only think that Bitcoin supported me in the most difficult moments that I spend with my family. In other circumstances, having another crypto I would hold Bitcoin and spend the one that still needs development.
Bitcoin should hodl in any portfolio is what I think because important events will happen next year.

Well, it all depends on what you want to do with your Bitcoin holdings. I'd advise anyone to "hodl" Bitcoin during a bull market as it experiences new All-time-highs in price. But not everyone is capable of doing this. If you need the money to survive, then you're better off selling than "hodling" for the long term. Bitcoin's price volatility could make you lose an opportunity of a lifetime for profit if you don't act quickly. You could sell a portion of your Bitcoin for cash, while keeping the rest as a long-term investment.

Whatever you do with your Bitcoin, it's entirely up to you. These pandemic times have brought the mainstream economy to its knees like never before. It's benefiting the decentralized economy, as people are realizing the true benefits of crypto/Blockchain tech. With Bitcoin being considered by many as "digital Gold", it may only go up in price with every halving event. I'm still "hodling" Bitcoin and will not sell until it gets past $50k. :)

Many were eyeing on 20k back in 2017, and I am pretty sure that those who still managed to hold within those years could've decided to sell right now. It is still up to some people. I sell a bit of what I currently hold, because I don't really want to zero out my balance in Bitcoin even though I didn't commit any assets to it. Still good to see that you have something in store yet in your wallet.
Eyeing for 50k, huh? 50k isn't impossible from how Bitcoin seemingly bounces inside 30k right now. ;)

In the future, the price of bitcoin will only grow, so if there is no need to spend bitcoins for life now, then just hold them and wait a few more years. They can turn into a whole fortune, and what today does not seem like a big money in the future will be able to provide you and your family for many years.

For people who do have extra income to support up their needs then its really worth to hold up your bitcoin rather than on spending it but if you are really in need and without any viable source of income
then spending it would really be not bad.

Prioritize your health first and dont try to hold into something which you know that you would really be badly needed.Why would hold if you do risk out your living?

Why would hold out when you dont have something to eat?

Yes. It's best to "hodl" some Bitcoin for the long term, instead of selling everything for cash. Otherwise, you'll lose an opportunity of a lifetime to gain more profit. As long as you make more money than what was initially invested, you'll have nothing to worry about. It's all a matter of having self-control over your finances in order to stay ahead of the game. Bitcoin is one of the most volatile assets in the world, making you either poor or rich in an instant. That's why it's always important to buy when prices are going low, and sell when they're high to help secure your investment.

Nonetheless, it seems to me that pandemic times are much more beneficial to the decentralized economy than anything else. People resort to Bitcoin as a sort of safe-haven asset just like Gold. If demand continues to soar, prices could go all the way to the moon in the future. We're already experiencing the effects of a bull market run because of the pandemic. $50K per Bitcoin could become a reality soon as governments print more money to try to save the mainstream economy. Inflation of national currencies (Fiat) will make Bitcoin stronger than ever as its "hodlers" gain higher purchasing power. Spending or "hodling" your Bitcoin now will be a decision that will lie in yourself. No one can force you to do anything thanks to the decentralized nature of crypto/Blockchain tech. Just my opinion :)

I think the best thing to do is to hold your bitcoin but if what you really want to use the money for is very important and you don't have another alternative you can sell your bitcoin and you can buy back later when you are financially stable again, I also sold some of my bitcoin during the first wave of Covid19 and  later I bought back again. Because I believe by now if you don't have bitcoin in your wallet currently or if you think the price is too high and you don't want to buy now. I think Bitcoin price is still very low since must people missed the first bullrun I think the second bull run is about to happen which if you are not holding bitcoin now you will definitely regret in the next few weeks. I don't think in the next few weeks or months you will see bitcoin is this price range again which will be super bullish.

Maybe each person will have different strategy, it's depend on the each capabilities and necessities. For me when the price still rising while it reach highest record then this is the time to becarefull and keep an eye on news that related to cryptocurrency if there are still many good news then hold. Actually I only buy bitcoin when it  price fall so I always in good position. Many people sold their bitcoin when the price fall but I think it is not a good decision except they make sure that they still get profit. my decision regardless Covid19 condition.

No wonder if many of us convert our assets into bitcoin or any others crypto assets.

In my opinion, the reason is because currently bitcoin is really trending, very hype and also the most stable investment in digital currency.

if he believes it will certainly be done wholeheartedly, but it is not easy to give up assets for something in the form of crypto, which is quite unstable. even though currently prices are high and there is a tendency to increase again.
but if you do not have high self-confidence about crypto then it is too risky, what is good is to exchange you altcoins and change to potential bitcoins or altcoins. because the risk that will occur will not make us lose big because the assets have been lost.

During the last 12 months, I sold around 20% of all my coins. And most of them were sold when the exchange rates were below $10,000 per coin. Anyway, I don't regret about my decision now. I purchased most of them in 2017 January, at $900 per coin. So even at 10K, I ended up in good profit. But if I had held on to them for some more time, then I could have got 5x more profit. I guess I should not sell anymore in 2021. Maybe it will be better to wait for 2-3 years, so that the prices reach six digits.

The ever-rising prices of Bitcoin, encourages me to buy and "hodl" more coins for the long term. It would be unwise to sell Bitcoin now, as you could miss an opportunity of making bigger profits in the short term. With Bitcoin hitting $50k for the first time, there's a strong reason to "hodl" it for the next surge in price. Who knows if the year ends with Bitcoin being worth $100k per coin? It seems to me that the COVID-19 pandemic is benefitting the decentralized economy, while the mainstream economy continues to sink deeper. The longer it takes for the COVID-19 outbreak to disappear, the better it'll be for Bitcoin and other cryptocurrencies on the market.

Nonetheless, spending or "hodling" Bitcoin depends entirely on your current financial situation. If you desperately need the money, then it's advised that you sell your Bitcoin before it's too late. The volatile nature of Bitcoin could leave you either poor or rich in an instant. It's always important to secure profits whenever possible by buying low and selling high. As long as you do that, you'll remain financially stable for years on end. Just my thoughts ;D

In a pandemic situation it would be confusing if we saw the extraordinary movement of bitcoin and currently making new ATH at a price of 51K more, I mean in a pandemic situation we really need the necessities of life to be fulfilled and getting involved in bitcoin or other crypto is the best solution.
What is confusing for me is whether to keep holding it because the potential price of bitcoin is very supportive and will continue to increase and besides that I also really need money to make ends meet, and right now all I do is save sales and only sell bitcoin as needed so I keep holding bitcoin over the long term although gradually waning because of need.
and I also really want to keep it intact so that I can enjoy its immense benefits later.

Don't think about "hodling" your coins for the long term, when it comes to satisfying your daily needs. Sell whenever you can, in order to survive in the mainstream world. But if you have money to spare, then I'd advise your to "hold on for dear life". It seems to me that Bitcoin will reach prices well above $60k per coin faster than you could've ever imagined. The pandemic is luring people into Bitcoin due to the decay of the traditional Fiat economy. The more people pour money into Bitcoin, the faster its price will increase on the market. There's every reason to "hodl" your Bitcoin, than spending it. Ultimately, you're the one who decides what to do with your Bitcoin holdings.

Nonetheless, spending or "hodling" Bitcoin depends on your current financial situation. As I've said before, if you need the money survive, then sell your Bitcoin without thinking it twice. Otherwise, "hodl" strong for the long term. If you manage to earn more than what you've initially invested on Bitcoin, you'll do fine in this wild and crazy world of crypto. For what I know, investing in crypto is not for everyone. You can either become poor or rich in an instant due to wild fluctuations in price. Just my opinion :)

i said honestly in covid -19 i was jobless. and  can,t found any job and work.so i have no way. i hold 4th eth since at 2019 then i sell my ethereum in covid 19 . i think many people sell their bitcoin and crypto. .crypto is future for me i can,t know about another people.when bitcoin dump again buy bitcoin and hold it .hold is best way to rich.

the most appropriate action you have done right, if it is still able to sell little by little to make ends meet is worth doing. I alone (and probably many others), unable to endure like you, was forced to give up everything. because the need for a pandemic is indeed very large for the necessities of life plus the price of all medical equipment has increased.

the trend of bitcoin that continues to increase and creates new ATHs almost every day so that the prospect of increasing sharply at the end of ATH is certainly very large. so if you still save it even though it may not be big, you can still enjoy the increase, in contrast to me having to try to pay in installments from altcoins and after trying enough to change to bitcoin.

Indeed, currently bitcoin is decreasing, but you don't need to be afraid and panic because bitcoin can come back again to be positioned to move up and occupy its best position, which indicates that bitcoin will clearly not go down like what happened in 2018.

Those person that able to hold even though the needs to survive and struggle happens ? those are the people with High amount of funds to spend and not people like us who have limited amount and the problem is our Jobs got affected and many of us Lose it badly.
Pandemic happens March of 2020 and none of us know that the value goes this high so how would you expect investors like us to able to wait?
This time now is not part of the question because the vaccine for the pandemic or Covid19 is in circulation now.

Holding is word for rich people and has big investment fo make money, isn't advisable for small because if you need money, you dont have   a choice, you need to convert your bitcoin to local currency where are resideding.

If you have enough money then holding strategy to make money is for you.

The Covid19 epidemic is giving us a hard time, so if you don't have enough money to spend on your family's daily lives and you still have bitcoin in your wallet, I think you will. make sacrifices to spend, and you will see that you have family. They can be confident that they will protect their bitcoins during the Covid 19 pandemic.

It's tough when you are in need and since it's pandemic where economy is really being hard so deep. There's nothing you can do but to release whatever inside your wallet and save your family's needs. Even you tried it harder to keep your investment but when it comes to any emergency, you'll still choose to continue living with a family than keeping your money.

Covid brings hardship to everyone and even now that there's already vaccines but the spread still ongoing, you can though start investing again and try to hold, as the economy is now starting to move forward and more businesses are now opening back so with jobs that being available, you can use your salary to buy some coin for long-term goals.

How about on considering about digitial fiat that we've been using already for years time? ex. debit/credit cards, online payments through third party.

Not to be bitter or negative towards crypto but this had been existing for ages now when we do talk about cashless.Think off that those traditional things had already existed.
Cryptocurrency is just an add up which would really be a good option for you to make use or really minding about anonymity and being decentralized.
Going back to the topic about spending or HODL of bitcoin during the pandemic then this do vary on someones needs because not all
would really be having the same situation when it comes to finances.

It's understandable. Not everyone is capable of "hodling" for the long term. There are necessities that must be satisfied in order to be able to survive in the mainstream world. Whenever you see the opportunity to sell your coins for cash in order to survive, do it without holding back. This is important, especially when crypto is volatile (unstable). You can either end up being rich or poor in an instant.

Those who can afford buying and "hodling" Bitcoin for the long term will obtain bigger benefits in the future. The COVID-19 pandemic has accelerated the adoption of crypto/Blockchain tech at a very fast pace. Dogecoin went from being worth nothing to being worth cents (in USD) within a matter of months since the start of 2021. Bitcoin went all the way from $6k - $8k to nearly $58k in just a year since the pandemic took the world by storm. This gives us a strong reason to "hodl" our coins without ever thinking of selling them for cash.

Ultimately, the decision of either spending or "hodling" Bitcoin during COVID-19 will lie in yourself. In my case, I'll continue to "hodl" until Bitcoin reaches $100k per coin. If the trend continues, Bitcoin could reach higher gains in price by the end of the year. Who knows how far Bitcoin will go as COVID-19 continues to harm the mainstream economy? Just my opinion :)

Duration the covid time I had sold some of my BTC because of my financial problm. Bitcoin supports me so much on my bad situation. And for me that time was the best time to sell . I know I am not long term holder but bitcoin made my condition better

I also continue to hold, damn, it's now almost a year since I didn't spend any BTC and it feels good right now and I would say worth it seeing the price going to $50k at least.

Yes, I have the same mindset, let see if bitcoin reaches $100k then maybe I will consider selling some of my stash because I'm targeting something big to be bought this year or next year depending on the movement of bitcoin.

I still prefer HODL. Although what to do in this situation is only your decision.

Judging from the situation, maybe Bitcoin will break through the new ATH, most likely I will keep it until Bitcoin breaks the new ATH and maybe it will go even higher.
But the chances are that if I really need money I will sell some of the Bitcoin I own, and the other part I will keep until the price gets higher or I will buy more Bitcoins to store again and will sell when Bitcoin hits a higher price on the market.

I think the best option when it comes to Bitcoin is HODL. Because we have seen so many examples of it. Young millionaries got rich thanks to being patient and not panic selling etc. , for example. I don't see Bitcoin as a short-term investment tool. If you want to make good money in a short period, I'd suggest the altcoins but it is really hard to keep up with them.  ;D

This means that you sold your ethereum in mid 2020, when the price of ehtereum was very low. If you could have keep them till now, you would have enjoyed the profits when ethereum reached all time high but due to pandemic you have to sell your savings.  :(
If you got some money now , you can rebuy ethereum because it may reach 3k-5K by the end of this bull run.

I would not suggest buying back ethereum at the current price, he sold because of financial problem and now trying to buy while the price is at peak, I don't think it's a good idea. If we want to buy and hold, we should be patient and wait for the right timing, and that is when correction will happen.

With the thread created last year during the first months of the pandemic, I'd be positive that the person might have saved and hold his bitcoins or satoshis and then 2021 happened. He must be still holding on to his coins. Maybe he might have sold it during the new ATH and might have bought something nice for himself and his family. Anyway, many bitcoin holders have enjoyed this new bull season. And the latecomers will wait for the bear periods again so that they can buy again.

During this time of COVID-19, there was a great deal of expenditure to purchase necessities and it was hard to get pay because of the effect of COVID-19, so I think on the off chance that you have Bitcoin it is smarter to save it, yet in the event that you need to purchase something for your requirements, don't sell all the bitcoins you have. have. However, on the off chance that you truly need and need to sell, offer a little to address your issues, since I solidly accept that on the off chance that you sell all your interest in Bitcoin, you will lament seeing the cost of Bitcoin getting higher later on.

- I also think he is still holding and was very excited about the success of bitcoin around the time of the Covid pandemic, there were very few cases of bitcoin spending during Covid because as far as I know, governments were regularly supporting people during this period, working from home and receiving subsidies, lots of benefits, as long as everyone is using it rationally and economically, spending won't have too many problems. Working in the crypto industry was truly a blessing when Covid-19 appeared, a source of extra income and we can make money in tough times

Those that hold their bitcoin during covid-19, are those people who really believe in their personal research concerning bitcoin price that what happened in 2017 is about to happen again in bitcoin price. I was part of those who hold bitcoin during covid-19 based on the information I got from my research that 2021 BTC price will hit $50k, which truly came to pass some few months ago that really help me to achieve double profit from my investment.
Those that spend their bitcoin during covid-19 never believe that bitcoin price will hit $40k after lockdown. It was a regret to those who sold their bitcoin during pandemic, hoping that the price of bitcoin is about to dump without Carry out personal research to know the reason why some people are still holding their bitcoin till last month when the price of bitcoin hit $50k.

During covid-19 in the month many people lost their jobs and I guess some of them are bitcoin user maybe the others sold their coins because during that day they need money to buy their daily needs. But the others continue holding their bitcoin because for sure those people who already in the crypto continue  investing to the bitcoin and they have a lot of new user in the bitcoin during the covid-19 and those user who are trust and hold bitcoin now are gaining more money.

In my opinion, the right thing to do during COVID-19 is to save most of the assets we have, not to buy / spend so that we feel satisfied but to use our assets only to meet needs, not wants. We will not know how much the price will be, the market can only be seen in terms of enthusiasts. In economics, price increases and scarcity are caused by unbalanced supply and demand. So we can conclude, if we continue to sell assets (Crypto) there will be a decline in prices because the total supply decreases. Therefore, be wise in transactions so that prices can be even higher.

Actually, this is true. We must know when and where to spend our money so that we may able to have some when in case of emergency situations. Holding bitcoin is a very helpful scenario because ee all saw how bitcoin become progressive this past years. From the beginning of the pandemic it cause us to have a total lockdown in different countries. Many people lost their jobs, children stops from going to school and earning or jobs are disabled. Many people have lack of resources in their house because they didn't able to make profits. I guess holding is a great idea but you need also to think of a way to earn that fits the current situation which is the pandemic.

You two actually have a point. But playing safely won't actually bring you anything. You will just end up losing in the real game. It's much better to risk some of your asset on something that can give you a profit and much better if it is passive. Rather than just simply saving it for future purposes. Money moves so fast nowadays that it can vanish at a glance, so profitably think wise and not save or hold wise.

If you own fiat cash, then there is a need to invest that amount somewhere. Because fiat cash is not protected against inflation and it's purchasing power goes down with every passing year. On the other hand, if you are owning Bitcoin then there is no need to make further investment using it. Because Bitcoin itself is a form of investment. It is protected against inflation, and the rising user base guarantees that the prices will increase in the near future.

If you keep "hodling", you might become a millionaire someday. But some people can't do this, as they need the money right away to survive. As long as you're able to make a return on your investment, nothing else matters. You should focus on buying low and selling high in order to secure your financial future. No one knows how much Bitcoin will be worth in the future. It could either go up, or go all the way down the drain.

So far, Bitcoin has shown an upward movement in price due to increased demand on the market because of the COVID-19 pandemic. The mainstream economy is about to collapse, leading people to invest in alternatives which serve as a safe-haven against traditional Fiat. It's no wonder why Bitcoin is growing in popularity at a fast pace. You get to decide whenever you want to spend your Bitcoin or "hodl" it for a long time. At least, Bitcoin will be here to stay for a long time thanks to its decentralized nature. And that's what truly matters. Just my opinion :)

Good thing to save as long as we are capable to spend only to those what we need and not what we want,

in that kind of situations, you'll be able to save huge amount from your crypto assets


No one really knows what will happened after, all in terms of demands and how people follow

what moves Bitcoin / crypto will proceed.


There are always factors that affects the market, as even there are sell pressures investors

just buy it out and hold, resulting to bounce and recover.