Bitcoin Forum

Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

The question is how much money are you willing to spend, almost some of us divide the money into several parts, money for investment, money for daily use and money for short-term investment.

Thus, in most cases, we will not spend investment money on daily needs and the same for short-term investment, but we can use daily use money (altcoins or the lightning network) to purchase some goods and services if they accept Bitcoin payment.

when the market is down money for daily use will be as less as possible (like less than 5% of our total crypto)

It's no secret that the price of Bitcoin is speculative and many use it as an investment. The value has multiplied thousands of times over, in the course of it's history, so, some would naturally expect it to increase further and as such hold on to it.

A drop in the price would not factor in much with a $1 purchase of a cup of coffee, or less than $50 for a hardware wallet. I can still comfortably do this from time to time, along with other small, daily purchases involving Bitcoin (that's what I hold).

For some it could be a currency, for others a hedge fund, and for some others a currency.

I personally don't do it unless there is no choice and absolutely must use crypto for certain transactions personally, and whenever there is a sharp decline most people will definitely choose to hold or keep it rather than use it and buy to increase holdings because it is a great time.
and for another reason in the country where I live there are no shops or sellers that use crypto as an alternative payment and that's what makes me prefer to hold it and also buy when the market is down for the long term, because I believe every downturn there will be an increase and it doesn't matter how long, but it will definitely happen and I will get a lot of profit.
and as long as I can use fiat why should I use crypto because crypto is a promising investment option, unless they legalize it and many shops or sellers use crypto for transactions.

If you are receiving your wages or salary in fiat. You may want to invest in bitcoin.
If you are receiving your wages or or most of your salary in bitcoin. You may prefer to convert some to fiat or spend it directly.

That is it in reality.

If bitcoin bull market is over, you may decide to convert your coins to bitcoin
If bitcoin bear market is over, you may decide to convert your fiat to bitcoin.

It depends on you and how you see it. But bitcoin is normally used for payment in places where it is accepted and the adoption continues.

Currently, I have not and do not intend to do this as my daily living expenses are unrelated to my crypto investments. I have an outside main job and instead of selling crypto assets or spending it, I am still trying to accumulate more of my assets during this bear season with my salary. Your question is no different than you are asking if we are willing to sell crypto assets during bear season while everyone is trying to accumulate more crypto assets and waiting for a bull season to come.

Beauty of Bitcoin is that everyone can use it as he pleases, there are no rules or rights/wrongs, even though I do think that all bitcoiners should pay with bitcoin when they can. It doesn't have to be a big amount or even often, but if every now and then you have a chance to pay something directly with bitcoin that costs like $10-$20, why not?

I personally spend crypto on the regular basis, no matter the price and I stopped looking back at how much my bitcoin would worth if I didn't spend. With that being said, I do spend more when bitcoin is worth more (for example I sold some bitcoin when price was $50k+ and fully renovated my apartment) and at the moment I am only spending bitcoin when its convenient and for nothing major like that.

It really depends on our instincts and belief on a certain coin or token no matter where the market goes. Like for instance, I have strong belief in Bitcoin despite the market is down today. I’m just gonna keep buying Bitcoin with my extra “not beer” money every month regardless of the market situation to build and accumulate wealth overtime.

Despite that there are no promises or guarantees on when will we see another bull run again, it’s just that I have strong belief in BTC as it has the capability to withstand the bear market and may come back much better than ever.

Willing to spend crypto is only because there are two parties who agree to carry out the transaction. In this case I mention (Buyers and Sellers). But I personally have never spent my crypto on online and offline stores until now because I still prefer to spend it on the exchange where I trade.

This is something I run very often, where I'm more often than not waiting for the best price to release my crypto or spending the crypto I own. Because I think that kind of thing is more comfortable for me to do and can provide a little extra benefit for me after holding it for a few months or years.

I think that it's the moment that I am scared to spend my crypto the most, I think of it like having my crypto losing its purchasing power so it's better if I keep it for now and wait for it to recover it's purchasing power. So to answer the question whether I am ready to spend my crypto, I would say no in general but if I got it right and I have converted most of my crypto for USD then in a sense I am ready to spend my crypto when the market is down although most of the time, I use most of the USD to buy back the crypto that I've sold.

This will always be depends on what tokens you are telling about since there are shit tokens doesn't really worth it to be bought even if the market is so down since there are some of them will die naturally on bear market season as there dev decide to abandon their project and already want to secure their pockets.

If we are talking about top alts and other tokens maybe yes but I will be more careful since will try to seek some good position to enter to avoid wasting money.

For now, I don't want to use my crypto to buy anything, let alone use bitcoins, because I still want to hold more bitcoins and wait for the crypto market to reverse. I am more interested in using crypto as an investment instrument than a means of payment. Moreover, using crypto as a payment method must get the government's approval. And if the price of crypto in the market has reversed and reached its highest price, I'd better sell the cryptocurrency on the market and take the profit, then send it to my bank. After that, I will take the money for me to use to buy my needs.

I wouldn't jump on it as my first mode of payment, but if it turns out to be the last available option to me, I will. I will do so and not feel too uptight about my decision because just as crypto can function for investment purposes, it also has the function to be used for exchange of goods and services. And as a strong believer in bitcoin and a member of this forum, it is a duty for us to strive to ensure that all the functions of bitcoin are met.

I am very much willing to use cryptocurrency whether it's bitcoin or other tokens as a payment method through any transaction however it will still depend on how convenient paying cryptocurrency will be. In regard to the crypto price fluctuation, just as what most of us will do is seldomly use cryptocurrency as the payment method and try to stick with fiat especially when the price is too low. But there are still some exemptions such as for emergency purposes or urgent need.

In this case, it depends on how one will consider bitcoin whether it's for investment, currency, security, anonymity, and other purposes of bitcoin. But to the general public, most of us consider it as both for investment and currency purposes and have a goal to earn thru bitcoin or cryptocurrency in general. Most of us intend to accumulate more cryptocurrency as much as possible to maximize our potential profit however we also use it and sell it to fiat to buy our needs and wants.

Foolishness to some but reasonable to others. It is true; you'd only lose in an investment once you chose liquidation of your asset or by spending what you are holding 'coz that would simply mean you sold your asset for a low value. But as we all know, we have different circumstances; there are times we would be forced to prioritize other things such as if you are needing emergency money and such, there would be a tendency for you to let go of your losses or idea of gaining profit from enduring down market. Point here is, no action is wrong as long as you won't regret it afterwards and as long as you have a valid reason you yourself won't question about. That's your money in the first place and only you have the rights to make that 'move'. If you have other resources and you are that determined to your investments, ofcourse it would be better to avoid using your assets especially at this situation we are currently experiencing.

I am willing to spend some of my assets if necessary, but even if the market is in a bear market right now, I don't believe it is necessary. As long as I have extra cash, I still need to figure out how to maintain acquiring valuable tokens. If you are a holder, make sure you can keep it for up to three to five years.

I'm not aware of many stores accepting bitcoin and altcoins as payment method. But if I found a product of my interest online and if it were possible to pay for it with bitcoin, I would definitely make the purchase, despite bitcoin being cheap or expensive on the currently moment. I'm in favour of using btc as currency, instead of an investment exclusively. I believe that is a good way to encourage more sellers to start accepting crypto from their customers on their respective shops.

Anyway, without doubts that is not the general mindset in crypto universe. Most adopters still don't use or see their crypto assets as currencies, since they only hold and sell later for fiat profit.

Depending on the amount of income obtained in the form of fiat. Why, because in order to be able to get crypto, first of all every beginner has to buy with fiat currency. Then what needs to be considered is the level of income and the needs of different people. So, the percentage of the division will be different in using the money.

I personally prefer to use crypto as a future asset or investment,
because I think it's much better.

indeed crypto has many uses, not just for investment or future assets,
but I am more comfortable and more interested in using crypto only for long term investment.

anyways in my country there are no shops or shopping centers that use crypto as a means of payment.

because if crypto is made into an investment, then we will be calmer and more focused,
because the crypto market if seen every day will affect our psychology,
we become restless when investing.

that's the reason why I prefer or be interested in using crypto as an investment or future asset.

Thanks for your responses. I am not judging anyone because everyone is true to some extent and right from their prospective.  A lot of people are Seeing Bitcoin as an Security/Investment instrument and profit from it.


I really like your answer personally as it matched Satoshi's aim of creating bitcoin. He wanted it be peer to peer payment instrument.


Bitcoin gets more value when more people come to spend it for purchases & not when holds it in their wallet. No offense to anyone.  But people should stop seeing it as investment instrument and see it as normal currency.

Yes, I can spend Ethereum, Solana and Dogcoin in this bear season but It will be difficult for me to touch my bitcoins, because that is were I invested a huge amount of capital for future profits making. Spending your crypto when the price is down is like wasting time, energy and resources in your investment because selling your crypto when the price is low in the market will not help you to make a passive profits like other investors that invested the same amount of money on crypto and wait for the price to increase higher before they can sell.

Online transaction through crypto currency is mostly in BTC, ETH, LTC and USDT. In general People use USDT most of the time because of its price stability. So it doesn't matter the market is bear or bull.

Using crypto currency as a store of value is not a new kind of practice. People from other countries sometimes buy USD when price came down a little bit and release them in the market when it came back to its normal price. This practice happens not only on crypto but fiat also.

Personally I don't prefer to spend my valuable crypto when market is down. Basically I wait for bull run and after getting profit from my investment, I sell crypto step by step. At the time of selling, we shouldn't sell all the crypto if we are in a profit. Down market is suitable for buying, not for selling in my opinion.

As for BTC and ETH, I personally wouldn't pay with it, I need ETH for gas and I just don't want BTC. That's out of the question for me. However, I am willing to spend other cryptocurrencies where the transactions that are very fast and cheap (Doge, LTC etc.)

It do really ends up on being a store of value even though it is really been created on being a digital currency but since people or the entire community does see the potential on making profits on via holding then

majority of us wont really be spending up our coins if ever we do really see merchants or services around which do accepts crypto.We would really be mainly minding off  into our brains that its better to hold it off

rather than spending it actively.You are just simply missing out the opportunity on making some profits in near future years to come if you do able to do so.
Spending up on something that basic or casual then it would be ideal on making use of fiat.

Just accept the fact today that the majority of the people are holding their cryptos as an investment. It's up to them if they want to spend it because we don't know the story on how they have acquired those crypto. Although we're helping the crypto economy if we're spending the cryptos that we're holding. I might hold most of my bitcoin but I'll spend a few of the altcoins that I hold if there will be stores available willing to accept the altcoins that I'm willing to spend.

Even on bull market, I don’t want to spend my crypto because I already consider this as investment and I know in the future this can be more expensive. Cryptocurrency is not just meant as a currency anymore, it became a store of value and we cannot blame many for this doing because they can really earn more instead of spending it. The trauma of buying pizza with Bitcoin before might be one of the reason why many rarely spend their crypto for this kind of purposes.

Unfortunately, not all crypto users can afford to keep their crypto in their wallets for long time.
So for me, it depends on your financial capability here. I am also spending my crypto if I needed it.
Thought the thought of increasing its price in the future is always there, I just think that I spend it for good reasons.
So when I spend it, I know I should not regret it later on.
No matter what the market is, if you believe you are spending it for good reasons, then for me, it is worth to take.

My answer will strictly to the topical sentence of the thread Are you ready to spend crypto when market is down (https://bitcointalk.org/index.php?topic=5416140.0). I will strongly say yes. As for me, I spend bitcoin every week because there is always need to meet up. Real bitcoiners do not care about the bear market or bull market though they enjoy the bull market because they are not in lose at that time but they must eat or pay bill so money must be spend to meet up demands of the self, family and the society. When crypto market is down, it becomes a favourite time for some users to buy and store for the bullish market. If the particular goods is attractive and you need the thing very much at that particular time of the bearish, and you have the coin my brother, I will buy it. Because I might not get it at another time again or the price of the goods might also rise up more than even the price as of now.

Sometimes, we may have that expectation, to purchase something directly using cryptocurrency because this is also one of the payment methods accepted in some countries and merchants.
However, this becomes a problem because it is related to regulations in a country. Currently, I live in a country where crypto is not allowed as a legal tender. So that no merchants accept crypto as a means of payment (openly).
So, it seems that for now, my personal focus is on using crypto as an investment asset.

Not only in Bitcoin, some investments in altcoins that do have utility and strong and sustainable fundamentals can also be an option. Therefore, regardless of market conditions, as long as we have the readiness to invest and know what to do, there will be no problem, in any market condition, be it bearish or bullish.

I am always eager to spend my crypto coins for purchasing foods or services. Unfortunately, no online and offline stores accept crypto coins as payment tools here. The laws only allow Rupiah as the payment tool in my country, you cannot use other currencies here. If crypto coins are allowed someday, I will directly spend some of my crypto coins.

If you are a true crypto lover, you won't think it is a digital asset only but it is a digital currency as well.
Although it is an obligation to use crypto coins both for a digital asset and a digital currency, we have a responsibility to support its development by taking part in adopting crypto coins in any sector.

Spending during bear market might not be advisable because of it's current value and many are very optimistic about the future of Bitcoin and cryptomarket, that's why they are not spending it the way it supposed to be. We can consider that they are now treating cryptocurrency as their investment which I think is not a problem because as we can see it's value is not stable and very volatile, which is an indication that this is no longer a currency alone, but more of investments now.

I think that you do exactly what you do. If someone trades and sells all his money, then he has to go through a lot of problems. There are some simple rules, if they can be followed a little, then it is possible to earn a lot of money and a little.  If you take a wrong decision, you can lose all your money.

While I do try to avoid spending my bitcoin unnecessarily when the price is down if I have to buy something I need then I simply do it and do not think too much about it, that being said I try to buy that amount of bitcoin back as soon as possible as you never know when bitcoin can skyrocket and then it becomes impossible to get back the bitcoin you have spent, however it would not surprise me if there were some people that simply refused to spend their bitcoin at all now that its price is relatively low.

If you don't have any other savings then you'll have no other option than spending your crypto. That sucks big time because your crypto is down against the USD and people price their goods in usd and that means your crypto will buy less goods than what it was buying a year ago. That's why you will need to have some FIAT savings or a FIAT based streaming income so you won't get hit by this price volatility. People shit on USD all the time and they are usually right but USD still is useful in a lot situations.

I support. In a bearish period, when the price of crypto-currencies falls sharply, I try not to sell my crypto-currency unless absolutely necessary. Sometimes, if tokens grow in price during this period, or there is a threat that this token may disappear from the market, I exchange them for top coins such as ethereum. It makes little sense to sell tokens during this period, since they have a very low price after the market falls. However, of course, some of them do not withstand a long fall and disappear. But if the project is promising and its team is professional, then the token withstands the fall and then develops further.

If the purchased item is quite worth the crypto value and you have no other alternative than paying for it with crypto then do it. But I personally wouldn't do it, the cryptocurrency you mean, i.e. tokens that are easily discarded, will be much less valuable to the seller. In my opinion, at this time the only effective way is to accept payments using Bitcoin, even though the price fluctuates, it is much more comparable than you use other coins/tokens.

I don't understand why I should be willing to spend crypto when the price is decreasing.
Doesn't that mean I have to use more amount to pay or buy something?
I think it's a bad way to do it because when the market is going down, we should use it to buy and increase the number of coins we have so that when the market can reverse up, we will get more profits.
From that profit, we can use it to buy something or pay for something while we still have other money that we can use to buy more amounts.

I don't entirely think that it is a mistake to use bitcoin or another cryptocurrency on any transaction for payment especially if you don't have any other way to pay for the item you want to buy. Also, from an investment perspective, it might be bad or good whenever someone sold their assets during a bear market as it can be used for other purposes such as financial support or emergency needs. However, what I would not recommend is using all of your cryptos for payment methods rather it's best to only partially sell it or use it for payment methods.

Nothing really wrong if you use this on daily basis since this is what supposed to be the used of crypto and people need to know that this is not only for business purposes only. But if they treat this as investment then maybe they need to consider a lot of things and don't look only for long term since we can actually grab the chances while the market is so volatile.

For me personally :
I am not at all ready to spend cryptocurrencies when the market is down, it's a valid exchange for sure, but at the same time I cannot think about the fact that I brought it at a much much higher price and now am exchanging it at a very lower price as well, this definitely makes you loose loads of money, especially in the long run, it's better to keep them as investments during times like these.

But if you brought it at a reasonable price and now you are willing to exchange it for goods, I do think 💬 it's perfect time for you since your net profit will still be positive, thus it's not 🚫 a rule made in stone 🪨.

Calculate your net profits
If you can use it as a currency 💲- do it !
If you cannot use it as a currency 💲 🚫 - use it as a future investment.

Exactly, and I'd say at least 90% of people on the forum treat bitcoin as an investment and not as a form of currency that they actually use, even if they believe it's a form of money.  That's why there's so many threads dealing with bitcoin's price and general stuff about the crypto markets.  It isn't because people see a loss of buying power if bitcoin's price falls so much as a devaluation of an asset.

There are indeed a lot of merchants that accept bitcoin nowadays, but I really wonder how many of their customers pay for things with it.  I'd be willing to venture that it isn't many.

Yes, I spend bitcoins when I need them. I do not consider bitcoin exclusively as an investment tool; for me, it is the same money as fiat. Some things on the Internet are also sold for bitcoins, so I see no barriers to paying with them. I don’t understand the fanaticism of some who call for using Bitcoin only for holding, and I’m probably a fatalist because I like to live in the here and now and not wait for a wonderful future that may not happen in our time. You have to take everything out of life.

I spend my altcoins during this bear season but not BTC. I mostly cashout some some of my altcoins during this bear especially those who might not recover at all and have no action at this time in their project. I already learned my lesson before after ICO hype when suddenly many altcoins becomes scam or loses value. That’s why as much as they have value I spend altcoins for trading or even to buy some stuffs online.

It really depends on how you are acquiring Bitcoin and what you wish to buy on whether it makes sense to spend it. If you're getting paid in Bitcoin, you could potentially save a little bit in fees by buying something directly from your wallet rather than going through an extra step of converting it back to fiat. If you're buying it with fiat specifically to get items then it seems kind of wasteful unless there is a specific reason to add the extra step, maybe your country has problems with payment systems and this might be the only way to get around it. Alternatively the object you want to buy might only be sold with a Bitcoin price, forcing you to use that payment method.

The market is down and I think the best thing is to be patient, it's better to use it for staking even though you get a small apy but this is better while waiting for the rising market again. I am always optimistic that the market is immediately rising again so that I do not hesitate to continue to buy and hold.

I am willing to spend BTC and other crypto assets as well because I believe they are currencies to be utilized. But because they are highly speculative, they will become my last resort especially BTC, ETH, and BNB.

I am currently not in a favorable economic situation and I have used nearly all of my fiat and USDT savings as well. I am now seriously planning to make a raffle of which financial assets to be used next; stocks, crypto (except BTC, ETH, and BNB), and foreign currencies. :D

Could be a plan but the problem is that it was hard to find local stores that accept Bitcoin in my place hindering me from using it. I wanted to experience doing this but maybe it was not the time. I was looking forward to seeing local stores in my place (or at least near to me) will accept crypto but until there is none, I may consider this just solely for investment purposes.

Well, instead of getting into that thing, I'd rather take the opportunity to buy more.

There are many ways to spend crypto even if your local store is not accepting it, you can get yourself a crypto debit card or buy some gift card online which you can use to buy something from a local store that accepts gift cards.
It's good to solely use crypto for investment purposes but if we want crypto to achieve the purpose of Satoshi crypto must also be used as a means of payment.

In this case there may be some people who will do something like that when they have a need but obviously spending Crypto when it's like this is clearly against my principles in Crypto and I actually do the opposite because until now I'm still trying to increase my portfolio as much as possible. what I can when something like this happens.
Regardless of anything, it's up to all parties, but maybe the advice is of course it's better to stay afloat even if you can't add loads when this moment happens, at least holding back would be more recommended.

How I wish I can make transaction with bitcon and cryptocurrency in general, but unfortunately I can't really do that for now, because I haven't seen any store that's accepting bitcoin or other altcoins for now in my country, the central bank of Nigeria governor ordered all bank's to block the accounts that have been linked to cryptocurrency transactions, so everyone is scared to accept bitcoin so that their business won't be compromised, but i know very soon things will change, election will be done in Nigeria by 2023, am sure after the election things will change because the current CBN governor will be leaving the position and am sure the next CBN governor will lift the ban and people will be able transact freely.

This depend on how important what you are purchasing is. Sometimes one may be out of cash and you may have enough token, in such case one have no option than to buy with his/her token. I could remember I sold my matic some months ago when dip at 0.58 to secure my apartment.

My approach has been relatively stable for years: when I can easily get by with the fiat I have, I don't sell me BTC. If the price is particularly good (in relation to how it's been lately), then I might sell some money in advance, knowing I'll need it. Otherwise, I try to use fiat and Bitcoin is basically for savings. If there's something expensive I'd like to buy but can't without BTC, I'd most likely sell as long as there's no prospect of swift recovery of the price (if it's bad). It seems that some others have similar strategies here as well, focusing on not spending unless they have to.

Let's be honest, not so many people are willing to spend their precious crypto especially during bear season. Because, not only that you're paying more crypto equivalent to fiat price, but also people are actually accumulating more. Though, we all wanted to have a mass crypto adoption and one of the good reason for it to happen is when we start to practice using Bitcoin as a mean to pay for something, but many people considered Btc as a store of value instead.
Though I myself also love to spend my Btc to pay for something, but my city has little to no access of merchants and services that accepts crypto.

I don't know of others, but I find it very difficult to spend bitcoin when the market is down. I'll rather adjust and manage myself or continue to use fiat than to sell bitcoin when the market is red.
But if there is some greens, I'll be cool to spend bitcoin until the market goes down again and  I'll try to buy more bitcoin at low.
If everyone should use bitcoin for daily payments or purchases, that is how it would likely be. Who knows if it will regulate the market ;D


That is the real economics behind money. The demand and supply, the need and wants, the opportunity cost all applies. No one would be willing to sell out coins at dip, but when it's absolutely necessary we do it without recurse.

Perhaps there are people who cannot always afford to buy everything they need without selling some of their coins. But if these are not urgent purchases, then of course it is worth waiting for the market to rise again. There is a rule that you need to buy on a fall and sell on an increase, this is a fundamental concept that must be observed.

Do you mean pending crypto for payment?
Or spending crypto for trading?
So far, I am only using my crypto for trading and alsoinvetsment. As long as the crypto has potential exactly to rise up in the future with strong utility and chance, I prefer to make them as long term holding. Moroever, we know that all cryptocurrencies are falling down during this bearish market.
ready or not, we must be ready for all situations in the cyrpto business

It depends. Either it’s for investment or as a daily currency, no one would want to spend if the current value is also low, so I might wait for a more price increase so that I can also make a good purchase at a good value. Besides, there’s fiat anyway. The reason why we should never run out of fiat so that if we can’t spend our crypto, then we should always be ready to spend our fiat.

This is a good thing and indeed it is mostly done and I personally do this too.
As long as I still have Fiat and banknotes, I only use them for my daily needs and until now while the market is still volatile I haven't even made any sales with the portfolio I currently have and am only adding to it little by little.

I would rather never spend crypto. Its just a huge disappointment to see your coins going down. Instead, why not hedge your coins against fiat and make more coins by trading? Never sell at a loss, never forget to buy at a bargain. Although depending on your individual trading strategy, you might find hodling to be the better of the two options. Either way, coins to me are more valuable then most unnecessary things. The only except is living costs and thats it, really. Apart from those spendings, there is absolutely no excuse whatsoever to throw away coin. :o

At least, that's what most people who panic at the sight of the price for one or more coins start to climb.
They were amazed to see it and thought they could participate and buy at that time, so they started buying the coins instantaneously and waited for the price to keep rising.
But it won't always be what they want because some coins won't be able to increase again and instead drop drastically again.
And that's what makes them lose.

But if they already have potential coins, they don't have to try to buy other coins by selling some of those potential coins before they research whether the coin is worth buying or leaving it alone.
It's better to always go by the rules, buy when you fall and sell when you go up, so we can profit and anticipate losses.
But if people have an urgent need and want to sell the coin when the price drops, that's up to them because I think they've thought about it.

Isn't it always a form of investment when you hold different currencies and decide which one to use for your purchases. Before crypto currencies my investments where either in Euros or US dollar, there wasn't much to choose from when making bigger purchases. Now I hold quite a few different coins and all of them are currencies in my eyes. And it is a normal thought process to decide which currency makes the most sense to sell right now. All smaller purchases I am doing in Euros, because that is where most of my income is coming in. For larger purchases like the next vacation I would choose right now US Dollars, both Euro and cryptos are low at the moment and I want to hold them until the market recovers.

As investors sometimes we have to think and move fast, it's better to lose a small amount than lose all the money, sometimes the red market happens for too long, and if we keep holding on then we will lose more, and I prefer to cut loss and try something new.

Whatever the need may be, I would prefer to hold to my crypto assets than sell them off when the market is down. This is why it is good to have a side job that pays in case of this kind situation arises than spending your crypto when the market is down. I see investment as a long-term investment goal, not a short-term investment I won't make profits in the long run.

If you don't spend your cryptocurrency in a market situation like this, it is fine, it is still cryptocurrency, I didn't know that not spending it would define cryptocurrency as not a cryptocurrency. Not spending it in a bear market means you have the right knowledge about financial management. I don't see any benefit at all spending it in times like this, so why.

Other people has no other choice maybe but to spend it because they don't have any fiat anymore to buy their needs, and there's nothing wrong with that. However, having 2 or more source of income would be better for you not to spend your valuable cryptocurrency in times like this.

as long as it is available to use then why not? but the problem here is that the availability is limited , Our place has only small chance of spending or accepting crypto so how can we have this option.
spend if you badly needed , but as long as you are in capable of holding then best to keep it and just hold on the funds and let time tells you the profit.

Let’s face it. Bitcoin or any cryptocurrency at the present is still mostly valued as an investment and less as a currency, maybe because the government itself fails to recognize the high potentials of bitcoin or any cryptocurrency to become a global currency. Also, no one will dare to spend his crypto in exchange for a lower value where in fact he bought it at a higher value before. Spending crypto to promote faster global adoption is good, but for me it should come in case to case basis, like in unforeseen emergencies wherein you have no available fiat on hand and the hospital is willing to accept crypto for payment so you have no choice but to make instant payment with crypto regardless of how high or low its value.

I guess all of us feel that way, nobody like to spend crypto, but people get into some crazy life situations, and simply selling some crypto can be a life safer, of course, if you have what to sell! So it's not about whether are we ready to spend crypto when the market is down, I believe if we get in some situation without many options we will make a decision and we will do what we have to do, simply as that! I know some people have that deeper emotional connection with crypto, nothing extraordinary, people get emotionally connected with all sorts of things around them, but when things get hot it's just an asset that can help you, it would be foolish not to use it.

But when you spend your money on the things that you truly love, you will feel amazing and you won't ever regret it. There are people who got trauma when they heard that legendary btc pizza but they don't realize that if the guy didn't do that, btc won't' be as popular as today. Btc started as a currency so people must give credits to this. They need to use their btc somethings in order to honor it. For me I've been using my crypto no matter what is the conditions in the market.

I use it for paying my bills and then selling prepaid services such as internet data's, call credits, and game credits. Unfortunately, there are no stores yet which accepts crypto in my place but if ever they discovered it soon I will be happy to use my crypto instead of cash and other payment methods that they support.

Since you aren't speaking about just Bitcoin the the question itself has lost value and taste. I was enthusiastic to give my emphatic reply until and read the body of your post saying not only bitcoin, you should know this isn't a question.
To start with, it's hard spending coins that aren't Bitcoin especially unrecognized Altcoins and it becomes even worse spending them in the dip because the to have value and very little want that as purchasing power for their goods or services.

So I would answer in accordance to what I do, and yes I am not only ready but happy to spend Bitcoin this period because I don't just see bitcoin as a short run, long run investment, I am also ready to accept it as well for payment for my services too.

Well, this is a tricky one I must say, as it is currently, I can tell you that most people buying cryptocurrencies currently are doing so for the sole purpose of profiting, I personally can not deny this fact.

So with all sincerely, I prefer spending fiat over spending crypto for purchases or payment for goods and services, crypto for me is an investment instrument, maybe in the future, this might change but this is what it is currently.
Maybe when cryptocurrencies become more stable in their prices, that time, profiting from it takes a very long time, maybe then, we all can really begin to use it as a medium of exchange of goods and services.

Cryptocurrency and bitcoin in particular means different things for different people. For some it is a form of security. For example recently due to the devaluation of my country's currency most of the citizens began to turn to bitcoin to save their financial assests from going down. Furthermore we have the folks who see it as a tool for investment. This is the category I fall into - especially short-term. I do spend bitcoin irrespective of what is going on in the market. It is need based spending for me.

Not all want to spend their crypro when market is down and I am also sure that many people would also be happy enough to buy all the crypto that you spend when the market is down. We want something to earn profit but there are some cases that you are forced to sell your crypto either it's because there is some emergency that you needed money to pay and other situations but we all know that we can have our crypto back by buying to start again.

Have spent on several altcoin and almost 30% spent in Bitcoin trough market down, all in my portfolio investing right now and waiting when pump to sell, almost one months invested all my money keep holding because not interested to sell with little price up only. Keep patience waiting for Bitcoin can reach higher price, maybe if still lower next week I will sell half my portfolio assets and try to re investing with another lower price. Long term investment about one or two months still not worth in this year after market down and not recovery faster, most slowly for bitcoin up before back going dump.

You are right most people prefer to buy more coins during the bearish market. They mostly spend coins or sell coins in the bullish market. But I think spending a small number of crypto coins is okay, it isn't a big matter. We should be proud to support crypto adoption as a payment tool for online stores. We don't only think about our investment, we also need to think how our contribution to support the development of crypto coins. Since we expect crypto can be digital currencies that we can use globally, it should be not a problem to spend our crypto coins in online or offline stores.

for now I'm more comfortable shopping with fiat. because crypto for now I prefer to be an investment asset. for fiat I prefer not to hold it for a long time and I have to use it for shopping as soon as I withdraw it from the ATM. but if there are shops that accept crypto payments. of course i would give it a try if it was a shop close to my house.

In the city where I live there are no shops that accept crypto as payment even though many people know about crypto and Bitcoin. So I also still rely on fiat to shop for the necessities of life that I need. For cryptos and Bitcoins that I currently have, I still take very good care of them because market conditions still do not allow to sell crypto or make trades in the market.

There are really times which you cant really avoid which you would really be needing to cash out and make conversion just because you do really need to have money.
Spending up crypto is something where people do hesitate on doing so because we do know the potential of it whenever the market do make out some recovery or bullish run.
It does really vary on someones goal and perspective towards their crypto assets or holdings.We do have different actions on our investments
and different perspective and views and making out decisions which you do seem that it would really bring out benefits.

Indeed, ideally we buy as much crypto as possible during a bear market and sell it during a bull market. But sometimes everyone's economic
situation is different, sometimes when the bear market I have an urgent need and I am forced to sell the crypto I have,  because my fiat savings
run out. Unexpected things like that are bound to happen to some people, so it's fine in my opinion spending crypto on something important.

Regarding your suggestion to use crypto for payments it may only be possible in countries where it is legal for crypto to be used for payments.
Meanwhile, based on my knowledge, most countries only legalize crypto as a digital asset. So if we want to spend crypto, we have to exchange
crypto for fiat on exchanges. But I believe in the future when crypto is very popular and used by the majority of people in the world, slowly
many countries will legalize crypto entirely. So we can spend crypto to buy something or pay bills without having to fear breaking the law.

In my opinion, fiat is still more convenient for shopping for daily necessities. My cryptocurrencies are intended for investment and not for spending, so I never intended to use them for spending, especially during this bear season, things are going downhill, spending will cost us and I think that's a bad idea.

I think investments and expenditures should not be related, if you don't know how to allocate them properly you will be in trouble. Besides, I'm trying to work every day and always deduct part of my salary at the end of the month to accumulate more crypto, so I never really thought about spending it in crypto.

If that's what you have to do I don't think there's a problem because meeting the needs in life is also important,
more precisely limiting spending because the current global economic condition is not doing well,
Moreover, inflation is also happening everywhere and this is not easy

The question is, do the majority of people in today's age have cryptocurrency? Second, how much money can you spend using crypto?

In fact, at this time cryptocurrency can be said to be a good investment for the future and can also be an opportunity, but to be used to pay for daily expenses, it is still a bit difficult to implement, because there are only a few merchants who accept it for their business as payment options.

I do not understand the meaning of the proverb you say. Because greed can usually destroy someone in everything, which can't even be good for everyone. Greed makes everyone lose focus on the main goal because all they think about is having and having without remembering the side effects or bad effects that can happen to them.

Now let me give a close example of buying Bitcoin with all the money you currently have, it's not so bad to do that kind of thing. But you may have a little trouble when you need cash as soon as possible, while the Bitcoin you buy is still at a low price and even lower than the price you bought before. What would you do if you were in such a position?

First let them accept crypto as payment and then see the charts change momentum towards the upward trend for years to come. This bear market will completely reverse if such a thing was to happen with a big e-commerce platform.

Bitcoin is a payment method and it should be used like that. It has become an investment method because people are trading it using fiat but 1BTC is always 1BTC regardless of the fiat price.

Truely, being able to spend your coins to buy daily necessities is what this community has been long deprived of. I am sure it will have a impact on the price and coming future of this market.

As investors we must be prepared with bad conditions that can happen, I once sold Bitcoin at the highest price of $ 52K, but once bought again at $ 61K, and now there are still many losses that I get when the market is bearish. If Bitcoin drops below $ 10K then I will sell 90% my bitcoin.

Why would you choose to sell 90% of your Bitcoins when the price drops below $10K? Isn't that a very big loss for you, which is even greater than the loss you are experiencing now. If you really don't want to hold it anymore and choose to sell, it's better for you to sell now than having to bear a bigger loss than now. But if you are still very confident in the increase that can still occur in Bitcoin, then try to store it very well and don't even think about selling at a price that makes you lose.

if it's urgent I will spend my crypto money to make ends meet, because my crypto money is my savings so when the market is down or bull run I will definitely do crypto to fiat exchange transactions for my needs

Actually, many people don't use crypto assets for payments during bear market situations, but if you mention that you are in a financial crisis and there are no alternative options available, then the option is to convert crypto to fiat to meet basic needs. But if your condition is not a financial emergency then you still leave 50% of the assets crypto for the future because during the current inflationary period many currencies in various countries have decreased and other factors that we expect profits from crypto assets for the bullish phase in the future.

Well, it's unstable so it doesn't really prevent to go down sometimes. There is a time the price goes hype and there goes down.

If you only think of bitcoin as an investment then it is true that it does not make too much of a sense to part ways with most of your bitcoin at the moment when the price is so low, however if we want for bitcoin to become a currency then we need to use it, personally I still use it even when the price is not anywhere near its all tome high but I try to reduce my usage to some extent, however when the price is very high and there is something I need to buy I do not have any problem with using my bitcoin to buy what I need at the moment.

In the case of a decrease in the price of bitcoin, we cannot spend purchases using bitcoin, because it is contrary to the investment concept that we build. For example, you buy bitcoin at a price of $19,443 then try to spend some items when the bitcoin is at a selling price of $ 18,000 (assuming), this will make you lose and the concept of investing is not like that.
Then how to solve this problem, maybe short-term trading can be a reference to avoid these problems, whether shopping for goods using bitcoin payments or to avoid the basic investment capital that we make

It has that feeling during the bear market. I've done that for several times, and I've spent it even if I don't want to, but I have to do it and got no choice.

Despite I don't want to spend it but can't limit myself to if I don't have any other investments that are ready to be spent in times of I need it. But keeping the most of it is what I'm trying to retain in spite of needs.

It just doesn't feel well when we spend it when the price is low when we've seen it at high before.

Depends on the price I've bought Bitcoin. But in general I am not ready to spend it. It is personal, but so far I manage to cover my expenses by fiat. And using crypto to pay for something, just because I can isnt the wise thing to do. Specially when the value of 1 EUR I can but 1 EUR worth goods, but for value of 1 EUR in Bitcoin, with time I could but more.

On the other hand, if we want to cryptocurrency to be adopted quicker and be more popular, we are obliged to use it. Otherwise it will turn into an instrument of long term investment, holding and one day it will turn into antiques.

You have a good plan here, unlike those that think they could be extreme about Bitcoin and other Cryptocurrencies. Crypto has shown many that are wise both the good and the bad side, which is why many have gained and many have lost by holding it. It all has to do with how speculative and smart you are, not how much you like it. A good selling of them at high prices when you know that their market could fall is a good bargain, so that you would buy them back at cheaper prices.

As investors, of course we must be prepared and accept if bad things happen, I have several times hold coins and become a scam, especially just a price decline, of course, is a normal thing because we have also felt when we get a big profit, so don't complain when we see market bearish .

I have seen many people complain about the market and how they are not interested in buying something with their crypto when the price is low and I believe that this is because it is difficult for those people to spend their cryptocurrency. Yes, it's true that we can't wait forever to spend the cryptocurrencies we buy but sometimes if you want to wait for the price to go up, you have to be prepared to spend it at a good price.

My view is simple. Cryptocurrencies are made to be the first currency, the second investment tool. Therefore, it should be treated as a currency, not as a security or a product.

That's the investor's risk and it's not easy, but that doesn't mean we just give up.
continue to learn by improving knowledge and skills,
when bear market is better we have to stay calm and don't panic because it can cause problems

The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.

It's important that you understand the business, it's true that using spare money that you allocated to this business would allow you in not to panic whatever the situation around the market, it's something that you can adjust and not to ride along those people who are worried fearing that they will lose all the money that they stake while investing to this market, bear market is part of this industry and when buying during the heavy fall the chance that you will make a decent amount of profits is also possible, it's just a matter of time when the market will bounce back and deliver a good amount of profits.

Well as of the moment, with the prevalent cryptocurrency market conditions,
I intend to hold my bitcoins and probably wait to buy more of it when prices
dip a little further. We all do have our preferable baseline prices to buy and sell
crypto, mine hasn’t been that close yet. Im a bit puzzled since I am hoping for
prices to improve in the coming December. That would be a good time to spend
crypto if all goes well.

It is important to have skills in managing finances before investing.
because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in

I think the answer is a case-to-case basis as it really depends on the situation.

Generally, I treat my BTCs as an investment where I can almost liquidate if the need arises. Given that there are tons of exchanges where you can easily convert your cryptocurrencies to your desired currency, if the need really arises then I will most definitely convert my BTCs to cash regardless if it is a bullish or bearish market.

Again, treat your investments as something that can be used anytime. If an unexpected emergency suddenly occurs, do not hesitate to use your investments as the fund for it (assuming that your emergency fund cannot answer for the fees needed).

There is a fine line between these two though, selling crypto to make your life easier is a good thing, in fact it would be the purpose of crypto and makes it better usecase then anything else. To say people "I use crypto to make sure I live a good life" is a great selling point and I understand it.

However, there is a limit to it, if you end up selling to go to vacation for example that’s not good, because you could avoid vacation and your life would still be fine, you are not forced to go to anywhere, you could stay at home and keep your bitcoin, sure buy food, pay bills, pay the debt, these are all fine, but don't get a new hat with it, you don't need it. Make sure you cash it out for things you actually need.

I don’t intend to just keep my crypto forever, but it would be more frustrating to know that you spend much on buying crypto with the aim of making huge returns in the future, and now you will just easily use it at a lower value? That sucks for me. I would have spend fiat the whole time and would love to keep my crypto first until I see a perfect time to sell my coins and convert it to fiat for a bigger funds.

I’m not accumulating bitcoin just for expecting nothing in returns. As much as possible, I would love to accumulate and hold more of them than use them later on as a currency. I believe bitcoin is supposed to be more of a currency than as an investment, but knowing cryptos are expensive than fiat, then we cannot just spend crypto with lower value in the market, just because we need to contribute for as faster global adoption.

If your goal is for the long term and prefer to use cold cash that you don't spend on a day-to-day basis, then you have a better plan and you basically also need a bigger drop in order to buy more valuable assets in bear conditions. This means that you also like profitable investments even though you don't dare to use the money you need every day, because with that you will think of looking for other money that doesn't interfere with your daily expenses.


As I said above where he needs cold money to run the investment he wants. And I think that's a very wise thing because he doesn't want to be pressured just to make certain investments. So he himself will also look for wiser ways to invest, moreover he also likes investing in the long term, he said.

This is a strategy or someone's way to regulate the rhythm of their financial investments, where they have their own time for when to start and end their trading positions. they always wait for the best moment to buy when the price drops and release when there is an increase in the price of each coin they hold.

Even if bitcoin and cryptocurrencies are globally accepted but their prices are still volatile, no one will want to use them as a mere currency. In my opinion, it is not necessary to use them for spending to promote their growth and popularity. Today, it can be seen that companies and corporations investing in bitcoin also expect that it will bring profits, so as long as it is a good investment like other asset classes, it will also become popular. Honestly, I have never wanted to use my crypto assets to spend, I prefer to invest, hold to make a profit.

Shopping online using crypto payment methods, in my opinion ready or not it depends on the amount we spend, I mean, high prices of crypto or falling prices of crypto in the market, it's the same only if the price of crypto goes down, you pay a little more with crypto that is adjusted to fiat currency and vice versa.

But for me the readiness to shop and pay using crypto types when the market is like this, is not a good solution, just imagine, if there is a car company and sells a certain car at a price of $ 20k/units, of course you have to spend for example using Bitcoin, you have to spend more 1 Bitcoin at this time, if you measure today's price, but if Bitcoin is at the level of $ 40k, you only spend half Bitcoin only to buy a car, the conclusion is that the solution is less fun to make payments with crypto today in online shops / companies, that's my understanding in common sense.

The rising inflation force me to spend Crypto unlike the market. We can experience the increase in price over each and everything. Same time the increase in the monthly pay haven't got big variation and this force to spend the crypto holding at times when there is no other choice. Overcoming the situation and holding cryptocurrency in these days have turned to be big task. The present market is time to hold and to accumulate more.

Crypto is being spent and its important that circulated BTC is about trade not just speculation I think, it creates a background of supply and demand.    I will spend some and hopefully its getting easier to do so without any hitches or excess fees to discourage people from small general usage.

https://www.theinsaneapp.com/2022/10/google-to-accept-bitcoin-and-crypto-for-cloud-services.html
I saw this today saying Google will take BTC for server payments, thats useful to have as an extra route but needs to be that BTC is commonplace

If there isn't another choice, I'd be willing to spend some of my holdings, especially my alt coin. Of all the crypto currencies, I like to hold bitcoin and ethereum for the longest.

Yes, it's something that they developed thru time, strategy or a pattern based that they use in order to earn from this business, you need to keep yourself updated in each market trends in order for you to analyze the situation, after you place your target buy and sell position it's about to chill and monitor the movement, better not to overthink since there are situations that unusual fall may take place, if you have additional spare it's good to buy more and wait till the market will be nice to you and let you cash out a decent amount of earnings from your investment.

You and I could use it for investment but the reality is that there are a lot of people who use it as well, just because we see it as investment doesn't mean everyone sees it the same way as well.

Some people see bitcoin as something that is purely investment worthy in the long sense, and that’s the important part for me, but some people see it as currency on their business or regular lives and they do end up spending it or earning it as well. That way it is basically a fiat replacement for them, everything they do, they try to spend crypto, even if they cannot spend it directly, they cash it to fiat and spend it, and they earn it by working as well.

Although Bitcoin has proven to be profitable for long-term investments, there are some people who want to make a profit in a different way.
I have friends who use Bitcoin for short-term trading, meaning that there are some people who simply can't hold it for too long. I think it doesn't
matter if there are people who prefer short term trading over long term investment, most importantly we can make a profit. Even as you say,
there are some people who don't think about using Bitcoin for investment or trading. They prefer to use Bitcoin as a transaction tool like fiat,
because they consider spending Bitcoin to buy something more private. Therefore please use Bitcoin as well as possible, whatever way we use
Bitcoin is not a problem, most importantly do not use Bitcoin for things that harm other people.

Well OP, I was considering Bitcoin as an investment, maybe for some important reason I could convert it to our local currency and spend it but as long as I still have an option, I'm still going to hold them. Since my goal is to hold long-term, I have to keep it as long as I can. In fact, there are a lot of ways to do it as in my mind, instead of spending them, I'd rather take this time to buy more in anticipation of the upcoming bull season. I know the current situation is temporary and it will end soon.

Because of the price volatility, many people are seeing crypto as an investment. Thus, it's not surprising if they chose not to spend their coins and wait until the price reach their target value to take profit. Some investors might be using their Bitcoin for purchasing regardless of the value but probably majority are not doing so.

Anyway this season is a time to accumulate, that being said it's not wise to spend if you believe the value can possibly increase if you continue to hold.

Well, you have all the right to spend your bitcoin regardless if it’s bearish or bullish market as that is also your strategy, or sometimes it’s really unstoppable to spend especially if you are dealing with unforeseen emergencies that needs a bigger amount of funds. But for me, as much as I want to spend bitcoin, I would gladly do it hopefully when the market is indeed bullish, and just keep it more while the market is still bearish.

Of course, everyone wants to spend their crypto coins in the bullish season. But if it is about urgent needs, it should be no problem to spend it any time. If it happens to me, I won't consider anything when I urgently need money. I will sell whatever I have, including Bitcoin or top altcoins. But surely I won't spend all of them, I will let some of my coins to keep in my wallets. To prevent this situation, ideally we must have savings money in the banks.

It sounds great trying to accumulate more crypto for the bull run but this is only easy for someone with extra job and a well paid salary. A man with alot to do with money and have no source for the money than is crypto wallet will have no choice than to sell or buy with it's crypto to satisfy his daily needs.

Crypto is both and it will depend on how you look at it but let's look at the fact that all of us treat it as an investment. No matter how an advocate you are of wanting people to spend their crypto for purchases. You can't stop anybody by telling them that it should be spent. The value of it is volatility and because of that, stopping them won't help and instead, they'll do the opposite of buying more because we go back to what the first reason is, crypto is now majority's investment vehicle and that's what we treat it like.

Indeed, more and more shops are now accepting payments with Crypto. even i have tried it several times. and I only use Stablecoin for that payment (BUSD). because for Bitcoin I think today is the day to collect it more. I'm even glad that some time ago my DCA for BTC purchase entries was met at 18k. and means increasing my investment in BTC. and I am not thinking of using BTC and other altcoins (other than stablecoins). to be used as a means of payment today. because I prefer to keep it as an investment asset and not as a means of payment.

Not everyone has the patience to wait for their investments to start making really good returns. In Bodo Schaefer's book The Path to Financial Independence, he tells of a case where a young man under his guidance learned to save and invest in order to eventually become financially independent, but at some point, he simply decided to buy himself a new Porsche with all his savings. The same goes for people who perceive cryptocurrency as an investment, not everyone has the patience to wait until their investment makes them rich, someone will spend it much faster and it doesn’t matter if it is fiat or crypto.

This is something I've been doing for a long time. If you consider bitcoin as a long term investment then you should always have a backup plan, I mean besides investment, we must have an extra savings so as not to affect our investment. Bitcoin or other investments for me are long term investments and I don't intend to spend it until I make a profit. Of course I would use them as well, but only in case my savings aren't enough or I can't get a loan should I consider using that investment, otherwise I will never use them until I hit the target.

In my case, if there's really a need to spend my crypto, I won't hesitate to do it regardless of the price.

In the first place, it matters to me that I've used it on important things rather than just holding it. Again, if it's really necessary to do so.


There's no doubt that crypto is mostly treated as an investment by the majority.

However, it's their own coins therefore we just have to let it that way on how they will spend their crypto regardless of the price.

I don't think anyone would want to "spend" their crypto currencies when the market goes down or when they are at a loss. Spending those crypto currencies means they will be buying things at a "higher costs". So yeah, you are right. Most people don't consider crypto currencies as a regular currency. More like a store of value or security instrument.

Those stores are willing to accept crypto currencies regardless the value because they don't actually hold the coins. They use third party payment gateways. As soon as you send them the coin, those coins get converted to fiat currency and the merchant receives the payment in fiat currency. So they merchants are actually risking anything.

That is also a very true approach to it for sure. I mean you should buy when it is low, but unfortunately there are too many people who sell during the bear market and that's a big mistake, but I agree that it is also a big mistake when people buy when it is high, and they do not realize that it's going to hurt them in the long run as well.

I personally do not sell when it is low, and buy it instead which is a great deal, but at the same time I end up with buying when it is high as well, I just like buying bitcoin at all times, I should stop buying when it is high, and just accumulate USD during that period and enter when it goes down.

The problem is that, crypto is a currency, the full name is actually "crypto currency", which means that it would gain a lot more value if people earned it and spent it, just like how you do with regular fiat. But unfortunately, there are too many people that use it as stocks or gold, where it is an asset and they just invest and hold and do not ever spend it.

If you don't spend it then it won't gain any value, it will only be an investment and would be used as such and that is causing a lot of troubles for us. We need to turn this into a currency, and if we do that then we are going to end up with a good amount of profit in the long run for sure.

It is definitely understandable not to sell it if you want to make a profit from your investment. There are people who are running whole business' with the crypto world, meaning they earn bitcoin and spend bitcoin to keep it going, it makes sense for them to spend, but if you are just a regular person like you and me, then we should not be selling it because the ones we spend are gone and they are not coming back.

I am trying my hardest to save these days, but seems like it's not going to happen until new years, and when that happens, I am going to end up saving so much finally. It's a bad thing to say, but I really want it to stay at these levels for another year or so, so that I can save more money :D.

Of course everyone are waiting for this moment when market price will be dump and all altcoins price also will be low and this is a great opportunity for everyone to choose best altcoins to invest and take profit in future.

Good question from a newbie👍

I will only find it hard to spend crypto in a bear market if I bought the crypto e.g Bitcoin or Ethereum in a bull market, this is why I always tell my friends that Fiat and Crypto must co-exist, its pure balancing, for example

Assuming I bought 1 Bitcoin at 60,000$ it makes no sense to use the Bitcoin to make purchases online, now we are in a bear market, I can get 1 Bitcoin for 16k+ and use this to make purchases if I must, my mind will have the thoughts that I can still buy back at 16k+ since we are still in a bear market.

He didn't say about buying coins during the bear but he is asking if we are willing to spend our cryptos to buy something. For me yes. It's not new for me to spend my cryptos to buy items online and when I do this, I don't bother checking the price of the cryptos first. Maybe if I did that, I will think twice if I am going to continue with my purchase or not.

As long as people uses their crypto for buying something, then these people considers their crypto as a currency but I know there are people who do both where they also kept some of their cryptos for the future to be able to grow its value. I don't find it wrong. That was their money anyway. They are free to do what they want with it and this does not affect crypto in anyway. In fact, this makes them stronger and more valuable.

I know this feeling well, my first few big purchases of Bitcoins are always in my mind when looking at the the current price and if I should spend any of my coins. But over the years I bought bitcoins at so many different prices that it's hard to keep track. Instead of buying one time per month, I prefer to make 2-3 smaller purchases every 2 weeks. Dollar cost average strategies are the best in my opinion, even though it's hard to track of the purchase prices. In general I think the same that we shouldn't be spending our coins during bear markets. It's better to hold out and wait for the next bull market to come.

I used to spend my Bitcoin and Ethereum holdings before regardless of the bearish market situation without minding the opportunity of a good profit that I might earn when the market recovers. Later on, I have learned the importance of long-term holding and tried to keep my coins well. I learned that the bear market is an opportunity to buy and not to spend potential coins. It should be a good preparation for the market recovery.

It's very difficult for me to spend my crypto because in my area it's still difficult to find shops that accept cryptocurrencies and even Bitcoin as a means of payment, therefore I don't mean not to take it out and use it as it functions.
But maybe I will accumulate it as an investment asset first, when someone in my area already accepts crypto as a means of payment I will also use it. And again, if I exchanged my crypto back for fiat to spend today, it would be stupid in my opinion.
I admit that currently I still make Crypto as an investment alternative, especially in bitcoin.

It is ultimately up to the individual to decide how they want to use their cryptocurrency. Some people may choose to hold onto their cryptocurrency as a long-term investment, while others may be more willing to spend it on purchases. There is no right or wrong answer, and the decision to spend or hold onto cryptocurrency will depend on a variety of factors such as an individual's financial goals, risk tolerance, and personal preferences.
Totally up to them.
For me, I will hold mine while spending a portion of it to cover up daily expenses if I ever need to.

If that's the case, better to keep your assets and add more instead of trying to find outlets that will accept crypto. The current market is down and you won't gain any compensation if you will use your crypto now. It's a good time to accumulate and if you believe that crypto, especially bitcoin, will bounce back, then you will earn a decent amount of money while waiting for the market to rise back. Bitcoin already did it before and can continue doing it. After the downfall, expect a good recovery.

you are right and I also think that in a bearish market like today, more people will save their crypto assets for long-term investments. because after all the current market is very suitable for accumulation for investment
long term until the bullrun comes.

But lately I often use stablecoins to pay bills and top up internet on my cellphone. because I use Binance and dibinance in the MarketPlace feature there are many options to use shopping with crypto assets.

In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.

A market downturn is the best time to accumulate more cryptocurrency than to spend it faster, let alone sell at a low price. Be patient and wait for the market to recover and start reaping the really big rewards from it.

At present, I have no application scenarios for using digital currency in my country, not at all. The purpose of using digital currency around me is also very simple, which is to buy low and sell high, and then turn it into legal currency. Now because the market is relatively sluggish, everyone seems to be away from the exchange in an instant, and they are all busy with their work. Everyone lives in reality.

If you have enough spare money, it's better to save your money into crypto, which you believe that will bounce back when the market start to pump. There are many factors that may affect the market and it will be depend on how investors and traders will think about the potential and possibilities of how the market will behave in the next few months or years.

Though it's also possible that those who are good in making a short-term trade are capable to make some good amount and spend it with their personal needs, but surely it's not that many who can really make good position when the market is down.

Most are afraid and really not willing to take the risk of spending their money, or some may choose to wait and hold.

In my opinion, fiat money is currently a less valuable asset than cryptocurrencies and gold.  Because cryptocurrencies and gold have great potential for their price growth in the Future. 

However, I sell my cryptocurrency when I need cash.  I sell cryptocurrencies, realizing that its prices will rise strongly in the future.  There are many interesting and important things in life. 

Saving money and never spending it is not a good option.  Otherwise, you may not have time to enjoy life.

If we have enough capital then investing in some crypto is the right choice, and when the price drops there are very many good coins that we can invest in so all the good coins we will definitely spend according to the target we have set, but not all coins we have to buy and we must be able to make good use of our capital so that later we can get a big profit, And during bear season we should be able to maintain the assets we have and never panic even though we are experiencing heavy losses because all the coins will definitely increase again when it is time.

Well if you have a monthly bill waiting for you around the corner, there's no reason to hold that money for crypto though obviously. I had seen worse decision by people trying to play blind and loaning instead just to get their hands into crypto then later regretting it when bearish market arrives.

If you have any other priorities related to your needs, I don't see any bad reason to using your money on that first. Not sure why people just don't get their priorities right.

Bitcoin has high price volatility, the best option when the price drops is to hold it as much as possible and it is better if you can accumulate it by placing more investment in it. There is good hope about its future and you may regret it if you sell it today.

By the way you can still refrain from selling your bitcoins during a downturn in case you still have savings or perhaps sell your other investment assets like gold or something or or a myriad of used plastic if you've been saving it. I prefer to hold bitcoin over selling them during a downturn and I tend to look for logically better options to sell.

An incorrect assessment of risks can lead to loss of money, so debt and investment should be separated for your own safety. As for spending cryptocurrency in a bear market, I don't think it's a good idea. It doesn’t matter if it’s bitcoin or altcoins, if you bought them for investment, then selling them when the market falls will lead to a potential loss of profit.

There may be different situations, if you have to sell in order to close some kind of debt, then this is acceptable, but I have said more than once that before you start investing, you should resolve all issues with the roads, and only after that start investing. Some unforeseen situations may occur, but for this there must be a cash reserve. You can almost always be prepared for many situations that can protect you from selling your bitcoins in a falling market.

When there is a downtrend in the price of bitcoin or any alt coin, that is the best time to buy more. But an individual could only buy more bitcoin when there is extra income available. For someone that has a single source of income, it would be extremely difficult to be patient and to wait for the market to recover and bounce back to reap any reward from it.
When an individual has an extra source of income, only then could you comfortably accumulate and hold your bitcoins when the market is down till when the market bounces back and rises. You wouldn’t have to convert your satoshi to fiat to pay for bills or anything of the sort.

Of course there are many assets or tokens that we can invest in, but that doesn't mean that we choose which coin we will invest at will. Observation and analysis are important to see the potential of coins that will give us profit in the future. If we talk about a lot of capital, in my opinion, this is an advantage in itself, because we can divide it into several coins and also in large quantities. But it must be remembered, don't forget the bitcoins that we have to hold, because in my opinion bitcoin is the first asset that we must have before the other coins that are scattered around now. I think if we forget bitcoin in our portfolio it will be very detrimental.

Cryptocurrency is seen as an investment and not a currency for day to day business transactions. Even if cryptocurrency will be spendable like a normal fiat currencies, it will eith be the major cryptocurrencies like Bitcoin and Ethereum. Many of the other altcoins will never be useful beyond their DeFi ecosystem.

I am already spending a good amount every day on servers and other stuff, I mean rendering alone is taking about 8 bucks per day and that is fully paid in crypto as well thankfully. I wasn't planning on this to be fair, but why does it matter to me anyway because it could be money in the bank that I spend and keep my coins but if not then I will spend bitcoins and then money in the bank goes to binance and turned into bitcoin, the end result is the same, I am using the product and I am paying in crypto and I am making a profit from it as well.

Not a lot of people have this chance of course and that is why I hope that more and more places are willing to accept crypto payments to make it work.

If you are spending your crypto actively but on those things which do generates income then you wont really be that too mindful on how much you do spending overall and its true that there's no differences on saving it

up because we would be still ending up on making conversions in between fiat or crypto specially on the time that we are in need thats why it isnt really that a bothersome nor an issue if you do
spend up a some part of your crypto holdings on something we do see for it to be relevant specially when we do make out some money on that particular thing.
Doesnt matter if the market is really having that bearish moment or not.

hey dude, when btc and altcoin prices drop then you have the option to make payments with fiat. Do you think if someone who has assets in crypto would pay for a purchase he made with crypto, I don't think they would unless they were pressed for money by the economy.

I have never made payments via crypto because in my country there are no shops that accept payments via btc because I live in a rural area. However I would advise them to make payments in fiat when the market is down .

As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.
I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.

as you said, everyone has their own needs. we can't blame someone for selling some of his coins to pay for his food. but of course, if you have other means, much better. but think of other people and their priorities in life. we all have different needs. so long you think you are spending it on valuable matters, that's fine. but if you are just buying a luxury item, think about it. is it worth spending your crypto just to buy what you want, and not what you need?

I think this is the real big problem, how can it become a real exchange currency if its owners hold it as if it were an asset? If you don't spend and move funds, it will inevitably take the place of any refuge property and this is not the right path.

Why should one in his)her right sense spend the crypto he or she has it is best one take the chance to get more bitcoin

It will never be a wise decision to do. Spend fiat and if you have enough fiat to buy more bitcoin you can still do that for your own sanity.
It's only those relying on a single job will want to sell that coin immediately in other to sell to get paper money

An even more real big problem is that cryptocurrencies are no longer worth as much as they were worth some time ago, and here a really paradoxical situation turns out. Those who do not believe in the future prospects of cryptocurrencies try not to keep them for a long time, and those who believe in further prospects keep this asset at home. And yes, people use cryptocurrencies according to how convenient it is to use them at this time. And at this time, cryptocurrencies are much more convenient to use as an asset, and not as currencies, because in this situation cryptocurrencies are by no means a competitor to traditional fiat currencies and I don't see any reason yet when normal states will give preference to some other people's cryptocurrencies rather than their own banknotes.

If you want better profits in the future, try to choose Bitcoin as a long-term investment and don't look at too many altcoins which generally won't be much better than Bitcoin. Because some altcoins were created for the hype and it's not very good for the future. So try to choose Bitcoin and if you really like altcoins, try to see the altcoins that are in the top 10 but you don't need to choose all of them too if it is intended for long term investment.

In my opinion altcoins are good with long term investment in bitcoin but you have to choose the right currency. Among the altcoins ethereum and bnb are the best long term investments. The future of these currencies is very bright if the market is down, this is a good opportunity to spend on crypto currencies. Try to invest in ethereum bnb currency in addition to bitcoin the value of these currencies will increase in the future.

Of course, those who have a lot of experience will believe in the long term prospects where they will try their best not to sell it at a cheap price. While some of them take advantage of short-term volatility to profit, it's like day trading or something like that. Until the market recovers, this mindset will likely remain among traders. Long-term holders know what they have to do now, while weak hands will come out and sit pretty figuring out when they will hit it.

Crypto especially bitcoin has never actually competed to become the main currency in the world instead of fiat. Bitcoin is one of the best options over fiat, but I know the government doesn't want that. Its use cases have increased in some countries, the government legalized it, although so far it is still an alternative.

Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.

We are required to survive in life and of course we also have to be aware that this is a choice when indeed we already have several options to continue to meet our needs why not, but indeed while we are able to hold onto our assets especially when the current price is in a poor condition well I guess it would be better to make another choice. If indeed we can't afford it and releasing our assets is the only way, then that might be an exception, but if we are still able, I don't think there is any reason for that, especially if the assets we have have good progress.

We have to see whether the assets we have actually have great progress or not. If it really is about shitcoins then I don't think releasing them is not a problem but when it comes to altcoins like ETH or other coins or maybe bitcoin of course the option of releasing now is not a good thing.
We are in a risk zone where we have to accept all the consequences when investing and if you have decided on that, I think retreating in the middle of a crash is something that is not recommended.

In emergency I'll use the holdings. I'll try the best to avoid the spending, so that I can concentrate on accumulating good amount of bitcoin as bitcoin is in its best price. What I invest now assure with bigger profit in the long term. So, primary focus is to hold and allocate specific fund for the expenses, beyond that in terms of emergency no other go than using it.

If the price of crypto is like today, of course we will think long to buy something using crypto, because the coins we have will be bigger for us to spend if the value is low as it is today, currently crypto is very important for our future and it is already a big investment for the future, then big considerations will definitely be made by those who own crypto assets today, Currently, there are indeed many stores that already accept payments using crypto, especially bitcoin, but if the market situation is like today, of course they prefer to use fiat currencies to make payments.

In most cases it is preferable to use cryptocurrencies as investment funds rather than for daily payments. Accumulate as much assets as possible during a down market bear market and wait for the bull market to come and the market to rise.

If the crypto has potential, it's okay to hold it for a long time. Then some cryptos are accepted modes of payment in their businesses such as Ethereum, Xrp, and especially Shiba Inu.

So it's true that nowadays many merchants accept cryptocurrency as a payment option whether it's an online or traditional business. Just like other Starbucks outlets, and Amazon. And I had been doing this for sometimes depending on the items I need in it.

the two altcoins that you mentioned are indeed the most suitable altcoins for investment. But I'm not sure if it's for the long or medium term. But buying it during a bear market like now is worth saving. However, we also have to be prepared that the possibility of a decline is still likely to occur. But if we go with really cold money then I don't think it's going to make us panic too much if the decline turns out to be deeper.

I don't think I will use my coin to pay for anything due to the current situation and to me is more of an investment. I'm sure there are other payment methods like fiat, so selling off puts me at a disadvantage. When it comes to spending, it requires discipline and planning, and I don't see a reason why you will want to spend my investment money, is actually a thing to consider.

I am saying that daily spending is really a waste when using crypto assets to spend. But if it is urgent or health-related or more serious work, then crypto is definitely not something to hold at that time. Health and life are still first, because with good health, we can easily get back what we have sold.

Bitcoin and other cryptocurrencies are financial instruments because they have the tendency to increase in value over s certain period of time. There will be many questions to solve when Bitcoin and other coins finally become a general payment option for people. The volatility of the crypto market could pose a threat to consumers and traders using a volatile coin to make payments for goods and services. Bitcoin could be use as a investment instrument and also for payments. Volatility is one of the major problems of using Bitcoin coin for means of payment.

I'm curious what kind of cryptocurrency will be used for that, in order to make a purchase. Considering the cost of each cryptocurrency, using it as payment will not be a simple concept to consider (how they have loss in value). I will choose to use bitcoin over an altcoin when making payments. In my opinion, I won't be prepared to use my cryptocurrency to make a purchase when I'm in the red. Only when I see profits in each would I trade them.

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Yes, that's right, apart from Bitcoin, bnb and Ethereum being two Altcoins that are very suitable for investment, both of them have almost the same strategy in investing, the strategy referred to here we recommend investing for a long / long period of time, the point is to get optimal results and satisfying.

I don't really analyze some of the Altcoins on the market, but it's just that I am more focused on seeing the movement of Ethereum and BnB, the exact reason we predict is that this is a very valuable Altcoin (everyone knows about this). We believe this is the right time to invest your money into Crypto and make it an Asset/hold for the future, and that Bitcoin should be the ultimate holding. don't waste a situation like this, it's time to build glory through cryptocurrency.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

Although there are many shops that already accept payment in cryptocurrencies, there will be some losses when using cryptocurrencies for consumption when the market is down, so try not to sell them at a low price. Now is the best time to invest in the continued accumulation of cryptocurrencies, and Bitcoin should be the ultimate asset for long-term holding for better returns in the future.

I fully accept payment in digital currency only. Of course it's a face-to-face transaction. As a peer-to-peer payment method, Bitcoin solves some trust crises, but it is a payment method after all. This problem is like international trade, which requires an intermediary bank to guarantee. In the blockchain world, there seems to be no third-party guarantee. If the decentralized exchange has this function in the future, it will be a very perfect and worth looking forward to.

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.

I am not ready yet. While I can accept payments in cryptocurrencies, I will consider how payment in cryptocurrencies might affect or affect me. I may find it novel to use cryptocurrencies for payment, and I will not always use cryptocurrencies for payment. I am still used to investing in cryptocurrencies for profit.

I think the idea of selling without even knowing anything about it or like hearing some news makes a person or should we called beginner trader is a general trader that somehow based only on looking at a chart in the market. Morelike a short term trader. I guess a lot of trader did earned by short term trade yet the long term traders or I would called them veteran trader woould use technical analysis. And that's when you said that downtrend or red days might also be a way to earn. Just like in futures and other trading platforms.

But for my own idea. I guess depends on the person if he has a quite knowledge in short term or long term trading. We must know what we're involving our funds and learn to research about it. Wheter it is good to sell when market is down or to hold until it goes up again.

I am a long-term holder and I also spend bitcoin in places where it is accepted.
I see nothing wrong in treating it both as a currency and a security investment. It shouldn't be one or the other. It should be one and the other. That is what keeps it going. It is part of the dream of Satoshi to create something that wouldn't need an intermediary for transactions.

It's just that the reality is that trash coins will continue to exist and we can't stop it,
Bitcoin is totally different and that's no doubt about it,
what is clear investing in Bitcoin is much more promising and safer

That is very logical, because everyone will clearly see the good opportunities that can still happen in the future. So continuing to save assets and then continuing to try to add assets to the same model is a very extraordinary option as long as everyone is able to hold it without any worries, because I personally also still save assets and never spend it unless there is an urgent need. After all, I have never panicked about the current conditions and I still really believe in the potential of the assets that I hold now, especially in Bitcoin.

Everyone's mindset is also different on this matter because everyone also has their own reasons why they have to sell in conditions like now. Although those who prefer to sell altcoins when they need money and keep Bitcoin under any circumstances are people who are extremely patient and I also really like their method because I also sacrifice altcoins very often in order to keep Bitcoins until now.

it's important to consider the fact that cryptocurrency is not just a speculative asset, it was originally designed to be a means of exchange,  If we only hold crypto and never use it in exchange, then we risk losing the meaning of what makes cryptocurrency valuable in the first place. Also, there are some fintech companies that work on leverage system to solve this problem.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

Yes, there's nothing to worry about, moreover what we hold is bitcoin. Bitcoin is an asset that is highly recommended to be purchased in a bear market like this, so that when other people are competing to buy, we instead sell just because of unreasonable panic or seeing a lot of FUD devoted to bitcoin.
As we know that bitcoin has a cycle where the bear market always occurs, and this year is the year that the bear market predicts and really comes our way. We'll just have to wait a while before bitcoin finally recovers, and I think it will in a few years from now and I don't think a bull market is likely this year.

I think no investor wants to sell part of his investment at a loss. One of the ways to invest in cryptocurrency is that people use this cryptocurrency as a means of investment rather than as a means of exchange. There are many investors who invested when the market was very bullish now that they would not want to sell their crypto coins during a market down. I think every investor will wait until the market goes into strong positions.

That is logical if you fully believe that there's nothing to wait and the project will die along the way, if you don't see any chances for any recovery then dumping during the bear is not a bad idea, you can use the money that you can get from dumping those assets to buy a new project that may have a better chance to pump back.

Being practical is the wise thing to do during the bear season. If you can sell and try to sort for another project to support might give
You have good opportunities to recover and make some decent amount of profits.

I have personally found myself in a position these days which has required me to spend some satoshis.
I do not mind, since I believe those are necessary purchases for the well-being of my family, still if I could avoid to spend at these prices, I would. I have got the feeling these two incoming years will be good for long term holders and those who took the time to accumulate.

85% of what I want right now is to be able to freely spend the crypto that I have as payment (too bad in my country it is still banned) but not all cryptocurrencies are suitable to spend (for purchases), some are suitable as an investment - some are not suitable, depending on the fluctuation of the crypto asset.


more appropriate "investment". I still remember the saying that cryptocurrency is the evolution of money - meaning you can freely make your cryptocurrency whatever it is. as an investment (short/long term) or as payment (offline/online/P2P shops).

But bitcoin is also a part of cryptocurrency, and it is also a cryptocurrency, a top-tier coin. And all of them have the function of serving people, so there is no need to separate them when it comes to using them for daily expenses. Speaking of investments, bitcoin is the safest but not the most profitable. Although altcoins are rubbish, and messy, but if you know how to invest and invest in the right projects, they can also make you rich. We invest in bitcoins and altcoins to make money, so there is no reason for us to reject things that can generate profit for us.

It is certainly true that those who took the time to accumulate their Satoshis or the long term holders will profit this year. This is the way I have been feeling and you somehow voiced my thoughts.
I don't mind spending my Bitcoins on purchases, because otherwise why do I go through the pain of earning if I don't intend to spend the earnings of what would profit me. I am my best investment. My family too is not left out and enjoy every benefit that comes with earning as long as I keep earning. Investment for the future is only but a fraction of my current earnings.

There are some persons who has no choice than to keep spending cryptocurrency every week for transaction and payment of services. There are some people that receive their payment in Bitcoin and you will have nothing to do than for them to keep spending it everyday to pay one bill and the other.

I have spent bitcoin from when it still was around $300. This is a lifestyle for me rather then just an investment. I admit that i would be rich if i had only saved it but the fact is that no one knew where the top was, just like no one knows now. Even if you spend crypto constantly you can make it more with successful trades, even during bear market if you are lucky and choose right coins.

Death of my friend and crypto trader reminded me that there's nothing wrong taking profits out once in a while. You need to remember to enjoy your profits while you are still alive.

Well said, we don't know what happens by the next minute. So, enjoying the profits is good. Even though we're in an uncertain world we need to have the hope and save little for the betterment of our life. My choice is to hold it and limit my spending. Maybe what I save could help in lowering my financial burden when I was in need or when I feel I can't work anymore.

It is about administering one's holdings, I guess.
You know, sometimes (specially in times of extreme greed) can be difficult to spend Bitcoin or even swap it for stable coins, to realize earnings. It is kind of a funny thing, it is difficult to spend at low prices because one does not want to lose the chances of profit and then when the bull market comes, it is difficult to spend because the expectations for even more profit.  :P

Yeah right, if you can save your assets it can bring you a betterment in life when the market start to pump back, it's not easy though since you are witnessing how the market is moving and most of the times it is your fear that will push you to move your money, either to exchange it or use it for your personal needs.

You should always plan your expenses while still inside this market. It isn't easy in all aspects, but if you trust that the market
will bounce back, the good benefits will be harvested along the way.

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

That's the thing with most altcoins holders, they tend to think that holding altcoins is significant but if you look at what they're holding then it's too late for them to keep on holding it.
What's wrong is when they've found it out too late and then they start to think of cutting loss. Well, 5%, 10% or 20% are still good but if it goes like more than that then it's really quite late for them to sell at losses. But I still see some few success stories that they've made the decision to sell at losses even it's too late already but then recovers with the coin that they've bought.

The problem of falling prices does not only occur in altcoins, but has also occurred in Bitcoin so that the problem of being patient actually has the same size for each asset being held. Altcoins can be very cheap when Bitcoin goes down, but altcoins can also recover slowly when Bitcoin starts to slowly rise again in the market. You can see at the moment that some of the altcoins are increasing in price even though the percentages are still looking a bit low.

In my opinion, the main problem is not that people are afraid of the bitcoin bear market and therefore panic selling their coins…

The problem is that the global economy is currently in a recession.  Many countries have very high inflation rates.  Goods, works and services are constantly becoming more expensive. 

To maintain the previous standard of living, people spend their savings.  So people sell their bitcoins (well aware that the price of bitcoin will only rise in the future).

You are kind of thinking that it is the end of the life of altcoin. Not all have fear over this; others will take this as an opportunity to purchase more and gain more assets. You won't be losing your funds if you are smart, like if you know the cause of the downtrend and predict that it will be up again, since it will also be your loss if you sell it and after a few months the price goes high.

The average person uses Cryptocurrency as an alternative investment instrument or income diversification considering that in my country it is still prohibited in its original utility as currency in the real world.
But I have been in this bad market several times and spent my crypto with products in the Crypto world such as NFTs and other transactions p2p and hidden , but it is still relatively rare, mostly I use crypto as an investment instrument and hedge against inflation.

It's no longer good if the lost is more than 50% but they don't have any chance since holding alts is really a risk that investors and traders needs to understand, before taking any action or participating with any alt investment make sure that you are mentality and financially prepared with what you expectand how will you react in each market movements.

Not easy but instead of spending your hold asset, if you think chance of bounce back is possible, then try to keep holding till you see the market bounce back in your favor.

It's risky and they cannot revert when the loss is already too much. And those that are in deep losses, they have no choice but to hold it until there's nothing to no hope left anymore on them.
They've just accepted their losses in there and think that it's a lesson that they should learn upon investing in altcoins. It ain't easy but learning into those experiences is a must.

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

Of course yes. You have to spend to meet up your daily expenses. As for I buy Cryptocurrencies from different exchange platforms, and I spend it every week, but it is only bitcoin I am not spending but I buy and store it for long periods of time. Real bitcoiners does not think of the bear and bull market, they spend at anytime whenever the need arises. Holdling it, is the best approach but if you hungry and you need funds, won't you spend the cryptocurrency that have in the wallet? I can't killed myself because I want hold for the bull market and if in the process I died who will use the fund? Therefore I have to use them to survive first before we think of what to do.

lol. I don't know how weak-handed people feel who dumped BTC in the $16k and $17k price area and they saw today's price where BTC was trading at $21k.

that's why we shouldn't have a higher fear ratio when we see the market is red as this can trigger a bad decision to sell.

I agree with you that when the market is down, it is a great opportunity to make an ideal entry.

even if looking at today's btc price of course btc has broken a resistance point and i think we'll continue to see big pump to come.

Sounds like you've got some really good ideas on this, it's not like they're weird about selling their crypto when the market is down. But it could be that those who are selling are because they still see profits so they sell immediately before they experience a loss in a downtrend.

Do you know the strategies used by experienced investors to make money in cryptocurrencies? Because I don't see them telling anyone about their strategy for taking profits in cryptocurrency, except for ordinary investors who when experiencing direct losses say bad things for cryptocurrency, even though it is the fault of every individual who must understand the risks before investing anywhere.

We do all have that expenses but in speaking about investment then it would really be totally divided on which i dont really tend to make use of those coins to be converted just because i do have something needs to buy

because you are really just basically wasting up your opportunity on making some profits if you do tend to sell off on your current position.Its not ideal and you shouldnt have made out investment since from the start
if ever you do have this kind of behavior.

Plus if the market is down then who the hell would really be interested on converting their coins at loss? For panic sellers then it would be common but for daily
spending or expenses then it do raises up some question.

There's a reason for some of us on why they're spending/selling their crypto even the market is down. For some, it's not just an investment because it can be use as currency when you purchase, hence there are people who mainly use it as currency regardless of the price. While some investors are selling for being weak resulting to lose their trust and patience. It's understandable though, as we have our own reasons on why we engage ourselves in crypto. Anyhow, a down market is still a good time to accumulate because the prices of coins are cheaper.

The reason mostly they need it or they just don't trust bitcoin and they would sell their bitcoin even if they are losing because they think that bitcoin will lose value lol, but behind it, some people cant control their emotions which is why they tend to sell. Mostly when red days is the best time to buy as the price was cheap but when people are really in need of money that time then we do have no choice. Sometimes I only spend my crypto when I need it

In my few years here in the crypto space, I have observed several times that when bitcoin increases its price in the market most altcoins that are not included in the top listed in the market fall in its value, and only top cryptos only those who follow the rise of bitcoin can do this like Ethereum, Binance, Matic, and others.

So when the value of bitcoin fell, the value of ETH, BNB, Matic, SOL, and other well-known cryptocurrencies in the market also fell.

Despite what anyone says, the function of investing is to seek profit, which means picking potential coins is the best way to keep the money circulating in the right places. Talking about potential, everyone will definitely choose bitcoin because it has been proven to be the best investment, but talking about crypto is still quite general and has several criteria that we must pay attention to when starting an investment.

Buying when the price is good, in my opinion, is not a security instrument, but a pattern and strategy for entering the market, while an instrument is a tool for making research before entering the market and buying what you want. Security also covers some of the potential coins you want to invest. If you choose a non-potential coin, then the chance of a risk is far greater than bitcoin.

For these reasons, investing requires a special analysis of time, potential coins and understanding the coin's journey correctly, so that when making decisions we have careful consideration.

Yes, that's how it is with cycles and we can see it in the last days when the price of Bitcoin in the market starts to go up it is also followed by other top coins as you mentioned,
so great influence from Bitcoin and that's why Bitcoin is called the king of crypto,
We'll see what the next development will be like.

This mistake often happens to ordinary people/investors where they lack knowledge in the field of good and proper investing, but this mistake can occur because of a fear of loss and they think that this strategy should be changed and sold even though they don't think about it. the negative impact that arises, even though the real attraction is that this action is not necessary, brands just have to hold back, in fact all those who invest know the risks in investing, but it's just that sometimes brands are not so ready for all the risks of investing in Bitcoin.

Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

If bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

But crazy things happen on newbies which easily get fud that's why they are mostly the one who sell when the market is down since they are afraid about things that might unfortunate to happen on bitcoin. But if they are have patience enough to see some recovery that might happen in future they might not experience bad things and can earn from bear market situation.

There are different cases, such as the option when a person finds ways to invest that give greater returns than in cryptocurrencies. Although, of course, getting rid of cryptocurrencies on a bearish trend is not the best idea, because in the historical perspective, the fall is replaced by growth, which has already happened many times before. The whole question is patience and just the very possibility of continuing to keep your funds in this asset. Yet, for the vast majority of people, cryptocurrencies are a means of accumulation and investment, and not something else.

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

I agree that it all depends on the person's perspective toward the market as well as how he values his target investment profit. As much as possible, I don't want spending crypto when the market is down. I actually want to take advantage of the market by buying and accumulating potential coins but if the situation would ask me to spend if like for emergency purposes, I have no choice but to do so but if there will be other ways to find another source of funds, I will just hold my crypto and won't spend it.

Something we all learn eventually, one way or another. Some spend, some sell, but in most scenarios, it's better just to recapitalize, unless it's absolutely obvious that it's going in the wrong direction for the long term (e.g., trivial example, all crypto gets banned worldwide).

The next development in Bitcoin is about the price recovery in the market that many are hoping for this year and indeed it is already starting to show even though we are all only at the start of the year in January. Because Bitcoin is the first asset that needs to increase in price if everyone wants to see other cryptocurrencies priced better through the influence of the increase in the price of Bitcoin in the market.

As a personal point of view where you have gains or losses it's a better decision. However markets need people to spend their crypto no matter where we are in the market cycle. Without those people there wouldn't be trading, people wouldn't be able to buy cheap crypto and markets wouldn't be healthy at all.

I find it funny how people are laughing to that man who first ordered pizza with bitcoin, when we owe him so much starting it all. People selling are as much relevant to markets and people buying. Sometimes just sellers (or bears) are in charge of the markets. That's just normal healthy part of a market cycle.

Accumulating good asset that have a better future will allow you to harvest a successful investment in the future, it's not easy though as there are many movements that might scare you while holding those coins, while with the sentiment is not good some investors and holders tends to choose to use or selling their coins in fear that they will be losing a lot if they will continue to hold.

It's your own understanding to whether to use your asset or spend it out or keep buying and add more while the value still cheap.

I do not think that many cryptocurrency holders spend it on the direct purchase of goods and services. Indeed, in my opinion, a significant number of cryptocurrency holders still use cryptocurrency as an investment tool for profit in the future. An important role in this is played by the lack of proper infrastructure for the practical use of cryptocurrency. It is quite difficult for people to find a store that accepts cryptocurrency and at the same time have the goods we need. It is much easier to use cryptocurrency for investment profits, and only then transfer part of it to fiat to make purchases. But cryptocurrency continues to evolve and the situation will change over time.

If we don't really need money then it's better to be patient, there is an opportunity to sell at a high price or profit, on spot exchanges we can set the price as we wish so we don't lose the moment to sell at a high price, but most people are impatient and panic when they see a decline so they lose and regret.

I think the willingness to spend crypto currency and use it to buy goods & services, varies among individuals, and  depends on number of factors, such as their belief in long term stability & growth of crypto currency & its security system & their overall financial situation. Some people may view it as speculative investment & only spend it when necessary, while others may use it for everyday purchase. Ultimately, how someone chooses to use it, depends on his views about crypto currency and  financial goals.

Good point, we do have different perspective in terms of usages some is for investment while for believers they will use it as form of alternative way to purchase and to use for their needs, decision making will depend from how the market will established the good side of crypto, and like with ow you observe there are people who use it for quick investment and a form of daily or weekly short term potential money making tool.

Here have a different point of view, we have a different perspective, those who invest in Bitcoin certainly will not sell in a declining market because this is not a smart move and is not worth doing and doing a good job, they will not sell but buy for add investment assets, but for those who may be experiencing difficulties with their finances, they will sell some of their assets even though the market is declining.

Invest if you plan to earn from cryptocurrency it is better to hold these coins when they fall in the crypto market. Even if the price drops don't be disappointed have to wait for long term but before that think everything and then think about investing. The perception of the cryptocurrency market among investors will be clearer.

Many people hope to get big profits but don't understand the risk, the bigger the profit opportunity, the higher the risk automatically, sometimes as investors we have to be brave to take action, if the trend continues to decline and there is no hope in the short term then it's better to sell, there is always next opportunity to buy again and if we feel it's cheap we can get a cheaper price and avoid losses due to holding too long.

Bitcoin and crypto are starting to become very popular and more in public then ever. We are starting to see many online and offline stores are ready to accept crypto as payment just like they do with fiat and on credit.

I have done payments for good in past with my Bitcoin but now in the 'bear' market I will not. I do not think it is the correct time to spend your Bitcoins or other crypto and you should wait to exit this downward market.

I agree with you on the part of understanding the how risk works inline with the profit expected from an investment, it is absolutely correct that the higher the profit expected, likely the higher the risk of such investment as well.

But on the part of selling when the market is down, I think this is a bad idea, I personally think it is better to hold when the market is down, or better still, the market is on a steady decline, then in this kind of market situation, it is best to sell and buy in back at a cheaper rate, or if we have more extra money at hand, we can always keep what we have and buy more while the price keep declining - DCA.

The nature that investors must have is to know and be able to manage risk, not always the hope of profit in investing, especially cryptocurrencies can be fun, sometimes we have to get different facts and have to be brave to sell, the mistake of most people is that they are too sure that prices will continue to rise so they don't sell For example, I had an opportunity to sell at $60k in 2021 and it was profitable because I bought at around $45k, and in the end I was only able to sell at $32k last year.

If you can still be patient and don't want to sell at a low price or when the price is dropping, it's better not to store your assets in any exchange. Because you can still store it in a better place, such as in a wallet, when you want to sell, you can send it directly to the exchange. So you also don't need to place orders on any spot exchanges if you're not trading or anything like that. Even though it is the smallest part of being patient.

If there are other options that can be sacrificed or used to cover existing difficulties, it's better not to sell your Bitcoin even if it's only half of the total assets you have. Because for me Bitcoin is more valuable than other cryptocurrencies now, so I will choose another option for me to sacrifice if I encounter unexpected difficulties. So don't be too hasty in making a decision to sell half of the assets you already own if you can still use other options to overcome a difficulty.

If you are really that tending to hold then you wouldnt really that mind much for whatever the price it would be but we know that there are situations in life which we do really need to sell up for some different purpose which it cant really be avoided for sometime specially if we dont have some fiat to pull on which means that we do need to snip out something on our investment.This is why its always been that ideal for us to set out
some target price or goal before we do decide to make out some sell and just for having that purpose.When market is going down then it cant be avoided that you would really be
feeling that kind of panic and just like on the example you have here which you had sell low compared into your buying point which is really that a very huge loss.

Hold! we need to put basis on how people from the past regret because they spend thier precious coins, sometimes the value of the coin is not very big when it is still inour hands and years may pass and the time change together with the value of the coin and then we lose, remember the bitcoin value from year 2010 and compair it today you will see that people who sell that time loss a big profit and regret.

Actually everyone's regret is natural / there is with them selling in the previous period, if you look at the current bitcoin value however
as we know if we buy btc in 2010 and when btc reaches new ATH value they don't take profit that's the most regrettable thing.
regret actually ,  doesn't exist in btc because when we enter we must be prepared to lose

Everytime when i spend crypto at lows i think about potential losses that it can generate for me

For me, the best time to spend lots of money in crypto currency is when the market is down. A bearish market is a good opportunity for every one to ape into different gem projects they have been eyeing for a long while. It is important to note that buying the bear market is not for everyone; it is only for investors who have researched and listed out tokens they would buy when the price is low; if you buy every coin just because the price is low, the chances of profit is unclear

It depends upon the purpose. If the need can be delayed then I'll hold and wait for the right time. Another thing if the amount need to be spend is very small, then I'll go for it unlike the market situation. Because the rise in the market too doesn't make big variation over the amount being spent. In all means it is good to spend often, because most of the users miss the opportunity looking for ath.

Most missed the ATH as they are afraid or have fear when the market is falling, thinking that it will going to continue and instead of holding they will going to try to spend it up while they are still capable in using it around the market, or they will convert it into fiat and use it instead of paiently wait for another good bounce back.

Like what you mentoned, it will depend from the needs and how trader/investor understand the big potential of this industry to
recover and bring another new ATH.

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

If I need money for my daily and I think that I can afford it with my crypto then I would withdraw it to my bank with the appropriate amount so I don't get too consumptive with my purchase and keep my investing still going on, even when crypto market is at low stage then I'd still do the same thing and of course I do know the risk with every action I make.

People uses crypto for different purposes such as investment, for the technology, currency, etc and you can't just generalize everyone do to the same.

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

There are also instances where you need it in an emergency, so you don't have a choice but to spend it, or else you will borrow money from others just for your emergency. Though it would be really great if we kept holding this for a longer period of time and stopped the panic selling on it or just spent it because you want to buy your wants since you'll gain more profit in the long run, again, we can't dictate to people as it's their money and everything they can do for it, but this is just advice if they want to gain more profit.

If the intention is for investment I will agree that it's not the right time to spend your crypto, instead it's the right time to add more with your hold asset, buying while the price still cheap will give you more profits when the market start to pump up, but for sure there are people who are not after investment alone, they are using crypto as a normal means for transacting and even the value is down they will continue to use and support this industry to make sure that the ecosysystem will continue to flow.

Payment options in other forms are always available, namely fiat. But in some countries like in El Salvador for example, the payments used in crypto form are like fiat payments in most other countries now. So that the residents there can obviously use two payment options to pay for whatever they want and that doesn't mean they or the residents there don't love the crypto they have, but they see this as another form of convenience for them to use on a daily basis.

To prevent such a situation, you should always have some kind of cash reserve that will serve as an airbag for you. And if necessary, you will not need to sell your investments.

In addition, if there is no such reserve, and it happens that you need to sell bitcoins, because of the need for cash, and during this period the price turns out to be lower than you bought and you simply sell bitcoin at a loss, this will be an unpleasant situation. Therefore, there should always be a cash reserve and you don’t need to worry that this money is lying and not making a profit, this is your reinsurance, which will ensure your peace of mind.

Even though I live in a country where bitcoin is not legal, and i don't see any stores that accept bitcoin payments but if my country allows payment in bitcoins, I will not be willing to spend my bitcoins either. As you said, we hold bitcoins, cryptocurrencies are for future investment, don't use them for daily spending, while fiat has taken over that task. In summary, I will just spend my bitcoins unless I fall into an emergency and have no other choice.

I would also like to see more people buying and selling with their cryptocurrency & virtual currency, but I also recognize that the use case is immature that it can be used as a regular currency, unlike common stock which can be converted to cash.

The whole concept of cryptocurrency is new and most people still have a lot to learn about it. I also feel that this has been around for almost a decade without change, maybe it's a good time for the general public to be introduced to the world of cryptocurrencies using something other than bitcoin.

Currently, cryptocurrencies only have a fraction of the worldwide use that currencies should have, plus they are not yet ready for mainstream adoption.

No one is good enough as you think, people are using crypto to trade or spend even we are in a bear market because they are not using the coins they bought at a high price. They use fiat to buy crypto and spend instantly, they don't lose anything. I'm also using crypto to buy some items, but I'm not using my investments. I just buy them at the current price on the exchange and use them for payment.

In my opinion, If you are not in the market space or are not spending crypto when the market is down you are making a big mistake. I understand that it may be out of ignorance, but if you want to build wealth for generations to come, and grow financial literacy, you have to be in the market. Of course you have to do an independent reset before investing.

I would say it depends on your situation. You will most likely not spend your cryptocurrency if you have some other funds to spend on your daily purchases, what happens if you do not have extra funds and your crypto is what you have to spend, it wouldn't matter if you spend it directly of converted to fiat you are still spending it somehow. So if you don't have extra funds you might just end up spending your crypto.

  when your country currency exchange rate is small to the crypto currency rate u see it as a very big investment,when u  make ur local transactions you spend with efficiency

spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing.

That's not really a matter when a person spends their crypto whether it's currently at a high price or during its low. The essence is there that it's being used. No matter what the price is as long as there's usage on it and an individual spends it then that's the actual use of it. But if not, then that's how a lot of us see crypto, as an investment. I think with this concern, it's important to know it because there are countries that are too strict with this implementation for crypto or any specific of it as a security.

right, I agree with what you said. it is not right to release crypto in bad market conditions. this is a form of someone's greed if they release their crypto in such conditions, even though the crypto has a good future. the point is, whatever the conditions experienced by many Crypto holders, if the situation is not urgent it is better to hold your crypto until time and market conditions are on your side. this is a bit of a suggestion from me

It's okay, because there are a huge number of services that accept Bitcoins:
eBay - a platform for electronic auctions; Amazon is the largest online hypermarket where they order everything from food to jewelry; overstock – household goods; on Newegg – an online hypermarket, children's toys and household goods; eGifter – equipment, sports goods.Nafa - gift cards for making purchases in Flipcard– book exhibition, PVRCinemas.
And many others!

In essence, everyone does not want to lose and will always avoid losses through anything as much as possible at this time. Because there comes a time when one has to stick with fiat by not sacrificing their crypto or investment at this point. But there are also those who sell crypto when they see that there is a slight profit which these profits can also be used to shop for other things because on the other hand there are no losses as long as the capital is still visible.

Of course this is a difficult decision because we have to sell when the market is down or we have to lose money, sometimes investing makes us ready for all conditions, and my experience is when the market down in early 2022 or a year ago I was happy because I was still selling some crypto assets at the price is higher than now, I once bought at $ 56k, then I sold when the price was $ 38k, of course I made a loss but that's better than holding on until now.

Aside from that, I think most of the people are just into holding their coins until such time the coins will attain the imaginary line that they thought before cashing it and that means that even if offline/online stores will accept cryptocurrencies as a form of payment, people will still pay via fiat and not crypto because it will just be wasted especially when the market is down. Most of investors aim to buy low and sell high, and not buy high and sell low.

and if only we knew after letting it go and buying for $16k yesterday, then it would be much quieter now to hold on to it. I think that's the risk, and we must really understand the risks that might occur, because in trading or investing we must be able to accept whatever happens with the decisions we make. how can an investor survive, I think because they can take advantage of the moment and dare to take risks with confidence in the analysis that has been prepared

Most of them are into investment so I will take your opinion in terms of instead of paying using crypto even the offline/online stores are accepting is as a mode of payment, those who are holding crypto will continue to use fiat and not to let their crypto as they are hoping that they will manage to gain from this investment market that they've chosen.

Unless, this holder is already fearing the chance of more downfall or they are really engaged with crypto-ecosystem with the knowledge that they have in terms of cryptocurrency.

I think when we talk about emergency funds, before we invest our money here, the main thing is to manage finances, which of course makes an emergency fund available.
after dividing for needs, buying what we want and setting up a new emergency fund, the rest is used as an investment so that things like you said don't happen.
We must be aware that investing is not only 1 or 2 months that can be taken if you want to get a profit but this requires a process so when you are still looking at this for an emergency fund, apart from needing to manage your finances even better and don't touch the investment it is something good because it is even if it is done several times when you are still confused about placing emergency funds and investments, the result will still be the same in the end.

We can use other options, and one of them is when we have cryptocurrencies other than Bitcoin, for example we are talking about Altcoins, when you have Bitcoin and Altcoins, a real alternative that can be used when you are in a difficult position, they can sacrifice their Altcoins instead of Bitcoin, save Bitcon and use Altcoins to meet difficult circumstances and very urgent needs, and maybe this is an effective option when we have both, keep Bitcoin for a better hold.

People tend to spend their coins in stores when they shouldn't; the store will profit more in the future, even during a bull market, retailers become less frequented by consumers holding crypto, which is when they should be spending.
It is unwise to spend much during crypto winter, not that it is a bad thing to do, but it should be a time when you should buy more, it is an opportunity to buy and hold them and unload them when the price appreciated, and that should even be the price at which you should spend more them (I mean altcoins and other shitcoins) for the courage you have endured when people are selling their bags.

Indeed, except for emergencies, and there is no better option, then I will sell my investment. There is no reason to sell or use my crypto during the bear season. Our goal in investing is to make a profit, and to do that is to buy low and sell high, and a bear market is a time to buy, not sell. Honestly, I believe it's a waste of money to spend bitcoins or potential coins on everyday purchases when we already have fiat available for us to spend.

I also think that way because it's pretty clear that when there are others to be sacrificed in order to solve a problem, then Bitcoin should be kept safely undisturbed. After all, any unstable altcoin is not at all good for long-term storage and this is certainly very different from Bitcoin, which is always more suitable for long-term storage. But I personally always have a reserve fund available to deal with difficulties in life such as saving a few stablecoins before exchanging them for the fiat I need, because that can also be a very good option.

Yes I always ready to spend  crypto when market is down because  when market is down then price are lower. The value has multiplied thousands of times over, in the course of it's history. In my opinion crypto are good with long term investment along with  crypto there are other more currencies which will give good return in long term like Ethereum, NEM, Bitgert value of these currencies will increase in future. Currently crypto is very important as well as future, world is going towards digitalization and in these digital world crypto plays vital role in future for trading and businesses.

If the whole world is integrated into this system, of course, I will not hesitate to spend it. If it is not integrated, I will continue to see it as an investment tool. One day this will surely happen. We will make our spending on crypto money. Maybe it will be a long time, but one day it will.

Indeed, it is a positive development that businesses have started accepting crypto currencies as form of payment, but still it is in early stage and many merchants are reluctant to accept them.. The decision to spend or hold crypto assets is a personnel decision, however I am not inclined to start spending my crypto assets at this stage. This is because I firmly believe that my digital asset will appreciate many folds in coming months and years.

We should continue to get ready for more adoption of cryptocurrency in the near future, and if you would agree with me, it might be slow but the business number is increasing yearly.

That said, it will be so painful if someone could not spend their crypto at a reasonable price but be spending it at lower prices. This present price of almost $30k is still nice, what of those that would have forwardly spent theirs around $15,500 last year? They can't feel good about that now as the price doubled a few months after.

Lastly, as we all wait for the big Bitcoin event next year, no one should be dumping theirs, we should find a way to buy more and keep it for over a year (a good investment opportunity).

If you want to wait until that day, I think it will take a long time and maybe even impossible in our generation. I never thought about cryptocurrency (bitcoin) being used worldwide as a currency, I don't believe governments would accept that. As long as the government doesn't control bitcoin, they will never use it to replace fiat, but controlling bitcoin as we know it is almost impossible.

If anyone discussed about the making or trading off bitcoin.The experiment can’t be complete without experiment of the bitcoin.Many online stored accepted the bitcoin as their mode of payments,So the demand of the bitcoin will not reduce.When the crypto currency market fall and you are not having the savings for expenses.Then I will sell sell some of the altcoin for my expenses and hold the balance for the future trading and wait for the market pump for the crypto trading.Bear market influence the crypto currency a lot.It will check whether you are holding till the coins till the market react.

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

      Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

I'm really waiting for this because one of my goals for choosing crypto is not just investing but we can buy goods from the coins that we hold, I think the future will be like that now, unfortunately I keep more of my money in bitcoins than dollars because I'm sure  bitcoin is not just an investment but will replace fiat money in the future

Besides, I think for them other users of cryptocurrencies will not spend their assets when the price is decreasing, maybe the reverse work could be there, they assume more to add crypto assets, be it tokens or other things that they save, compared to spending them, I think everyone is waiting for that moment .

You needed to have that extra sources of income to avoid using what you already invested inside crypto, we all understand that the chance of market to fall is unavoidable and with that kind of market movement we might need some money to finance our needs, while the value is cheap we automatically lose our investment, better to have other alternative source to avoid selling or using what supposedly for your investment to grow.

Something that investors and traders need to consider before taking any action when the market is still down.

 You have to sell cryptocurrency in a falling market in time, otherwise you might find yourself selling at the very bottom. Unfortunately, it's hard to say whether this crypto-asset will come back to life when the market starts to rise. That's why selling cryptocurrency on a fall may be the right decision.

As much as possible, im not really that spending up my coins or tokens inside my wallet once they had been saved up. On the time i do make out some deposit or internal transfer then it would be final.
There would be no getting those coins to be converted and would really be saving up for long term and since i do make out some short trades then it would really be just that normal that i do have
some other bag which are really that intended to be used for but for long term bags then its better not to consider on selling it out actively because its never been worth on doing so.

As long you do still have some fiat money which you could make use of then use it, dont tend to spend up your coins which it does have potential special for Bitcoin but if you are that someone
who do love to support and experience the real use case or application when it comes to currency usage then its your choice but i would
say that it would never been that worth.

When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.

Those who have other sources of income from their daily work find it easier to manage their financial expenses so they don't have to sacrifice the crypto assets they already have, after all you also know how to take advantage of the moment by continuing to add to your portfolio when price declines occur so that your chances of making a profit could be much better. But this will certainly be very different from those who do not have a steady income from other jobs in their lives so that they sometimes feel forced to release their crypto assets into the market even though the price is decreasing.

Only those who have saved money from their own work are willing to wait for the market to recover because they don't feel difficulties in their life so they are still able to store their crypto assets very well without having to release them at a cheaper price. But those who don't have any money saved in their life, I think they will still sell their crypto assets even if they feel forced to for the sake of their needs at this time.

Unfortunate but what can we ever do about it, it's an emergency that transcends the need to hold on to your investment, I think you diid the right choice, no point wallowing too much about your decision, you can always bounce back. I think I will always be ready especially if it's health related expenses, pretty sure that a lot of us will prioritize health over wealth right?

It depends on the need as it arises, but being on a dip is most likely not a good indication for one to sell out, bitcoin is meant to be a profitable investment and the only condition allowed is if we have emerged with some interest that our selling price is more greater than the buying price, this is why many investors hodl and wait for some time before they decided on selling their coin, dip season is only a perfect timing for buying in most cases than selling your bitcoin.

Money in general is useless if one cannot use it. I don't think it is still appropriate to save money if you are not willing to use it. For what purpose are working our ass off everyday if we cannot enjoy the fruits of our labor? Not only even in times when the market is down but for all the time. I have learned few years ago that it is useless enough saving money if your health is already at risk, and that is how I changed my perspective towards finances.

Yes, I'm ready because my goal in using crypto is not just investment, I'm really waiting for the moment when crypto can be used as a buying and selling tool

As for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.

My choice completely depends on the necessity and not on the price. So, if I find the necessity of spending then surely I'll go for it. Rather than waiting for the time period to reach high in price, it is good to spend when required. We don't know what'll be the situation of us as well as the market tomorrow.

It's like being caught in the rain without an umbrella. When cryptocurrency prices fall, people tend to hold on to their assets tightly, hoping for better days in the future. It's like a game of crypto hot potato - no one wants to be left holding the bag while the music stops. So, they are more likely to increase their assets than spend them. It's a waiting game, and everyone is hoping for that elusive moment and when the price skyrockets again they smile back. :D :D.

It's true that when you need money you have to sell whatever losses you have. There is nothing to do at that time. But there are some suggestions in crypto where you can only invest the money you are willing to lose. An investor should not invest money that he needs in his daily life. Investments must be made with a long term plan otherwise you may have to raise money with loss to meet your needs. When the market is down, everyone is thinking of buying. No one will never be interested in selling unless someone is in big trouble at that time.

What they are waiting for is the skyrocketing price in the market so that it is only natural that some of those who have bought still want to increase the amount of their assets in their wallets to wait for more profits. But those who are waiting for a price increase without buying are also very many, because maybe they don't have the additional capital to make another purchase so they can only wait for a price increase by not selling at a loss at the lower price.

There are emergency cases where you can't avoid using your asset to buy something, or exchange your asset to your local fiat for something that you really can't avoid to happen, but those who are capable of holding and continue adding more assets to their wallets, for them using their crypto will not be a good options, instead of using it they will keep buying while the value is still cheap.

We know that there are different investors and holders who are willing to hold and wait until the value of their assets reached the target value that they want to sell.

Yes, there are really that moments in life or situation or scenario on which you would really be coming into a point that you would be having no choice but to pull or slice up some of your investment on the time that

you would really be needing up some money or financial back-ups. Once you are on a hard situation and your mind keeps telling you that you do have something on where you could get or sources then you would definitely be able to consider it out.Spending your crypto is never been ideal specially when you are accumulating and holding it for long term on which there's we are trying out our best
on saving it out as much as we could but well there are moments which it is really just not that bad on getting some portion of it.

Not all would be having that lots of fiats on their pockets for them to solve out such condition or moment but as much as you could then its better to avoid on snipping up some
portion of those coins you do have.

Spending crypto when the market is down is a waste. Because the market will be up again soon and since we know that, spending during down times is just throwing money away.

It always goes up and down and up and down.

Remember that one guy who bought a pizza with what is now considered millions of dollars worth of Bitcoin? Thats the guy I think about whenever I get the urge to sell or trade my crypto for something else. Although specifically I am talking about Bitcoin, perhaps the situation is exactly the opposite with scam coins. It might be better to spend them before they become worthless...

For me i would rather keep my crypto currency and wait till i earn profit and will convert it to stable coin. Using crypto currency on paying on offline stores not for me i do not want to regret if the market will go high and use my crypto to pay local store for a very low price, I would rather hold it and convert it in the future. For me i treat it as an investment security because theres a possibility that the prices would go higher when the bullish season comes.

first thing that you'll need to consider is if you have an extra money to spend cause even if it's bear market but you don't have any investment, still you will gain nothing to it and aside from that is you don't need to depend all of your assets in crypto as we all know that it's volatile.

but some people who are desperate to sell their assets, they are forced to do so maybe because they have no money, so they sell their assets.
and some thought they would wait a little longer and buy it then.
collecting money from salary is also a good thing.

The cryptocurrency market should basically pay when the market is down. Not only bitcoin but all other alert coins also fluctuate according to the religion of the crypto market. If a person is interested in investing then he must analyze the market in various ways and later if he acquires skills in this regard then he should invest. But investing definitely doesn't require much skill, just common sense makes shopping easy. So buying cryptos when the market is down is not a good idea to invest when the market is up. And if you invest when the market is in a low state, you will surely get a good profit in the investment when the market pumps again later.

And that's what investments are for, when we're in need, we have no choice but to spend and use it as if that's the only thing that we've got.

You'll see how investments are very important in times of need. For those that have no choice but wanting to sell, that's all they need to do. If they have the choice not to sell.

Obviously, they won't sell and will have to keep the crypto assets that they have. No one wants to sell if it takes most of their holdings.

How about a crypto shopping spree when prices are low? Fasten your seat belts! It's a tricky situation that depends on your investment strategy. True, snatching deals in a fall could provide tremendous rewards when fortunes improve, but beware, crypto is a tumultuous, temperamental power.

More than just smarts is needed to master crypto. It's a complex tango of data analysis, intuition, and calculated risk-taking in the market. It's a toss-up as to whether you'll come out ahead or lose a lot of money.

The decision to invest during market downturns is, ultimately, a personal one. Take your time, think things out, and brace for the unexpected.

I would like to say to your opinion that when the market is down this is the perfect time to investment in it, it can be exceptional for the day trader but who are the long-term trader it will be wise to do investment in this time when market is down trend but in this case you have to carefull about to selection of your coin, if you invest on that project or altcoin which has no potential market and also dont have good future then the investment will waste. In this case I think for in down market it will be wise to invest on Bitcoin for longterm.

We have been spending even when bitcoin and other Cryptocurrencies are in the downside and that time the transaction fee was still small so you won't to bother to so your transaction freely. But for now it is the transaction fee that is the problem and not the price of bitcoin but the transaction fee. And because of the fee people just stocked theie coins there because they don't want to lost the big amount of bitcoin.

It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.

Even on a bull run or uprising kind of moment on crypto space on which it would really be a waste on spending it out but well but for the sake of circulation and adaptation in speaking about its utility then it wouldnt

really be that a bad idea after all but we cant really deny that people would really be sharing up on the same impression and targets on which it would be sticking into that investment side of things on which we would be mainly thinking on saving it up rather than on spending on it actively.It is really just that a waste on missing out the opportunity for you to earn more via spending. This is why as much as we could and as long we do still have ways or methods on which we could really be able to save up our crypto and instead making use of our fiat as much as possible.

We arent that dumb and blind not to see those opportunities and there's no point on wasting or using up our coins just for the sake of circulation or something People would be minding on making money
no matter what.

It seems to me that these are standard actions under the conditions in which the market is located. For example, I always have a sum in usdt for which I buy assets when they are at an attractive price, and this amount can also be spent if I need to.Having a reserve is the best scheme to help when the market turns sharply in the wrong direction.

Agree, different situations should be considered like for example some would choose to sell at high price given that they reach a significant amount of profit since through this they can use the converted money to buy something. Some would really choose to spend the crypto directly since there is an increasing number of stores that accepting it. But given those scenarios, I think I would still settle in selling in high price of crypto so that I can use the profit to buy this given it is in fiat currency and use the capital money to convert it again given that price drops. So, it really boils down to a personal preference to how you would see its greater impact and greater value when used in purchasing as a payment.

Investing requires great knowledge and understanding of the market, you can't just start buying at any point in time and expect your investment to be profitable. And you also can’t sell / spend your investments at any time, because in this case there will be no good result.

Those who sell now, no matter for what reasons, will miss the opportunity to make good profits in the future. Yes, there are forced expenses when the situation may force you to sell, but this can be avoided if a person has good financial planning.

Well said. It all depends on people's decisions and mentality and you have no right to change that. However, you can offer an advice to help them prevent huge mistakes.

Personally, I'm avoiding using my crypto when the market is down because every single satoshi I spend now would be lost as an investment. I'm pretty sure it will double or gain much more value in the future. If a person needs to sell for emergency cases then it's more than understandable. However, if you don't need to spend your bitcoin it's better to keep them safe and not use them right now since the market is down.

I don't wanna miss the opportunity for maximum profit when good days come, these opportunities come once in years, so it's better to take advantage of them and use your investment wisely.

Yes, learning when to go in the market when investing is also a huge part to determine if you could get a profitable situation. You'll have to assess the market's situation to avoid your funds to get easily liquidated. It's fine to take your time if you think it's not the good time to invest in the current market situation, then wait for it since there's no late for people when it comes to investing.

This means that you still really believe in price increases during the bullish season. I think that is also a very good thing because further bullishness is still possible for Bitcoin, but what is still blocking it now is the price correction that is still happening in the market.

And for cryptocurrencies that have been properly guarded and stored for the future, it is clear that it will be very detrimental if they are spent at offline stores that actually still accept fiat money as a means of payment. So there is no need to throw away crypto currency if we can still use fiat currency to meet our human needs, because offline store owners also really like crypto currency and will keep it too for future profits.

Yes, if you believe that the market can still reverse back after this correction then better to keep your asset and not to sell it out or use it, for sure there are more investors and holders who use crypto for investment compared to those who use crypto for the sole purpose of this alternative currency. It's a tough decision to make as you can see that the value of your asset is not performing well, sad thing for some holders who got an emergency thing to address as they needed to sell out or spend their crypto even the value still down.

You are right about the case of emergency where there isn't any other hope than selling from your wallet. I could remember when I sold my matic at $0.48 just because that's all I have to solve my recent situation. But it better for one to avoid it as a hodler if it's possible.

I'm sure they won't spend all of it on a down market. because the decline can occur in a defensive manner, not in one round. maybe we have to wait for where the strongest support point is to really be sure where when we buy it at a price we think is already cheap the next round is the increase we will be waiting for not long I'm sure all traders will understand about this where they really have to really understand about managing their own assets.

Selling cryptocurrency at the very time it's falling dip is very risky, the kind of decision made at that moment determines wether one ends being a looser or an earner of his investment, we also have to consider the coin invested on, if bitcoin is your investment, there's no fear for missing out because it you continue to hodl it will certainly rise up back over time, but if you invested on altcoins then you're at risk because some may not survived high volatility when the price of bitcoin goes dip.

Hold we need to hold when crypto is down spending crypto coin when it is down is a loss, because its value drop and you can only buy few things when its value are down , for me holding is the best option to avoid losses or is you cant hold swap it yo stable coin.like usdt, busd, etc..

Apart from having to hold back when prices fall, some people also take advantage of falling prices to buy back assets they like with the reserve money they have and I think that is also a good enough thing to do apart from having to hold on when the price is declining. And I also often take advantage of the decline to target Bitcoin at low prices, although not in large quantities because I only buy according to what I have, besides holding on to what I already have.

In terms of investing, holding and continuing to accumulate during the bear season is advisable, if not mandatory, because that is how we can make the most profit. But if we need to solve an urgent problem and need money and there is no better solution, it is completely normal to spend crypto assets. No one wants to lose money when investment, but there will be many cases where money is not a priority. I am also selling my bitcoins for my child's life emergency, and I am willing to sell all my bitcoins without regrets.

When the market get down that means most of the investors will loss by their investment. I think if one is not overwhelmed with big financial problems, then no one will want to sell if the market is down. However, if someone is purchased by crypto currency and is profitable, if he thinks it is good for him to take the profit in this case I think it should be sold. However, there are big differences between investing in other altcoins and Bitcoin. If anyone holds a bitcoin, it is best not to sell it because the price will rise at any time. Which may not be the same with others.

If I have sufficient funds why not. This is one of the other promising investment options and for those who have experienced profits in crypto currency, this is the most eagerly awaited moment. yes. buy low and sell at a reasonable price especially for those who already understand. Our participation in this is necessary for this adoption to continue to grow. if not one of us even the smallest item started, then who else

if you already understand and understand about Crypto, of course buying when the market price is dropping is the thing that is most awaited and without hesitation for that.
even now I dare to spend my personal money needed for more needs if the correction in the Crypto market price is too deep, I believe that the crypto market will recover, and the reason is clear because I saw what happened in the past.

The decision to spend crypto when the market is down is a personal one. Regarding captioned post I think it is difficult to compare about the trending lines of market for any coin or for Bitcoin specially. Sometimes you can see the indicators trending in the market, and the volatility seems to be showing else. But within a short period of time, all of this can be reversed. It's important to consider the potential benefits, risks, and long-term outlook of both the cryptocurrencies market and your personal financial situation before making any decisions. However, it will be advisable to buy some other cryptocurrencies while the market is weak and to sell them when it strengthens. At last, follow  the Wait and See rule, then make your decision.

That's for those investors who have often experienced this so never panic in conditions of declines occurring, but some of them spend assets when a decline occurs because they are afraid of losing all the assets they invest, and some of their traders do not know how to survive in market conditions are dumping and this we have often found, But for experienced traders, they continue to accumulate coins when downturns occur, because opportunities are never wasted.

when a downturn occurs the psychological pressure will be even greater, many of them are unable to think well because of psychological pressure, of course in their day they will lose more money. but for those who know it, such a moment is an opportunity to accumulate assets. the bearish season this time is not as extreme as in 2018, where the market worried many people because of the fear selling. but this time there was no visible panic from investors as seen from the market movements

If one looks further to this point that Cryptocurrency has now emerged as a breakthrough concept, with Bitcoin leading the way. It represents a digital currency that operates on a decentralized network, where transactions occur directly between peers, bypassing traditional financial intermediaries. Where the basic purpose is as a medium of exchange although some people consider it more than just a currency. Cryptocurrencies have been attracting attention as investment assets, attracting the interest of those attracted by their potential for tremendous appreciation in value.

Spending crypto when the market is down is not a wise choice at all, especially if what we hold is bitcoin. Except as what you said, when we have financial difficulties that require us to spend the assets we hold, it's a different story. But when things are fine, we have to keep holding on and hold on until the market goes up again. I actually think the opposite, if the market goes down it is an opportunity for us to hold more, or in other words we make purchases.

Everyone thinks differently some people use bitcoin to purchase the things but other desires to make more money with investment in Bitcoin. So I think that both investment and spending bitcoin for purchasing money is a better ideas but spending bitcoin in those areas where people doesn't understand it and doesn't want to take payment in the form of bitcoin should not be done because to make them aware about bitcoin payment will need prolong time.