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Author Topic: Do you like to hoard your BTC or spend it?  (Read 3686 times)
goinmerry
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May 26, 2016, 07:11:52 AM
 #21

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

Cool. Same with me. But in my case I change just the excess from my salary. A little bit to make my bitcoin grow larger in time and maybe someday it will have a better price. The creepy thing is I do it automatically now without thinking.
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ifightformerkel
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May 26, 2016, 07:16:45 AM
 #22

I only like to spend my Bitcoins into altcoins (trading), i cant hoard it,
because i have the feeling i lose an opportunity.

I spend every bitcoins that i get or have directly into other coins.
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May 26, 2016, 07:17:10 AM
 #23

I am using mostly Bitcoin as a store of value and very rarely as a digital currency to purchase some things online. So if I were to quantify my monthly usage of Bitcoin I would say I am keeping at least 80% in my cold wallet and 20% goes for expenses. I am trying to save as much Bitcoin as possible because there is a chance that the price is going to increase and I will be making a good profit by just holding the coins.
Xpod78 (OP)
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May 26, 2016, 07:19:11 AM
 #24

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

Cool. Same with me. But in my case I change just the excess from my salary. A little bit to make my bitcoin grow larger in time and maybe someday it will have a better price. The creepy thing is I do it automatically now without thinking.
Jesus I guess that's the power of habit damn.
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May 26, 2016, 07:31:24 AM
 #25

I only like to spend my Bitcoins into altcoins (trading), i cant hoard it,
because i have the feeling i lose an opportunity.

I spend every bitcoins that i get or have directly into other coins.


Same goes to with me. I love the feeling of having to spend something, be it btc or fiat, to get better returns. It's a calculated risk of course. I never liked hoarding money.  Smiley

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Xpod78 (OP)
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May 26, 2016, 08:34:35 AM
 #26

I only like to spend my Bitcoins into altcoins (trading), i cant hoard it,
because i have the feeling i lose an opportunity.

I spend every bitcoins that i get or have directly into other coins.


Same goes to with me. I love the feeling of having to spend something, be it btc or fiat, to get better returns. It's a calculated risk of course. I never liked hoarding money.  Smiley
No no I understand! I feel the exact same way with money, but not with Bitcoin, idk it's weird.
BitHodler
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May 26, 2016, 09:23:18 AM
 #27

I am a hodler for the long term so in that aspect I prefer to accumulate as many coins as possible but when I see something that I need or when I need to top up my mobile phone, then I will use Bitcoin as payment tool.

BSV is not the real Bcash. Bcash is the real Bcash.
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May 26, 2016, 09:25:53 AM
 #28

I only like to spend my Bitcoins into altcoins (trading), i cant hoard it,
because i have the feeling i lose an opportunity.

I spend every bitcoins that i get or have directly into other coins.

yeah of course I will spend bitcoin with something very useful such benefit and grow I always spend my bitcoin for altcoin potential yeah i always buy and sell altcoin again. may be every day or more. but I always buy altcoin
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May 26, 2016, 09:30:33 AM
 #29

i have bad habit after collect my bitcoin on particular amount i was always spend it because i had always tempted to buy unnecessary things
and may be i'm not good for hoard my bitcoin especially for long term hoard
jamesl22
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May 26, 2016, 09:31:57 AM
 #30

I am a hodler for the long term so in that aspect I prefer to accumulate as many coins as possible but when I see something that I need or when I need to top up my mobile phone, then I will use Bitcoin as payment tool.

Yeah and even I use it for mobile top up but sometimes I even convert it to my local currency when I am in need of cash, but majority of my coins I am holding for halving.
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May 26, 2016, 10:45:11 AM
 #31

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

I find it really satisfying as well when I convert a whole day's work into real legit bitcoins Smiley I just love to see my hoard of bitcoins grow and grow on a daily basis. I don't know, perhaps you and I have the same obsession Tongue

Bitcoin can be a really good savings protocol as well as a store of value, and currency. It has all of the features. Naturally you want to get more bitcoins, and while doing that the bitcoin price will be rising. So bitcoin is both a good currency and asset to invest in.
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May 26, 2016, 11:04:51 AM
 #32

Used to have a slight gambling problem with bitcoin; now I have the exact opposite problem. I love just hoarding my bitcoin transferring all the tips I made in a 12 hour shift into bitcoin is actually REALLY satisfying. Do you guys like to hoard your BTC or spend them?

I still like to gamble, and I doubt that I will ever refer to that as a problem. I enjoy in gambling with my coins, and trying to make something from it. I'm satisfied with results I have, of course if I was a bit smarter and with more cool head I would make more money. But that is another story.

I like to spend money, I never knew how to save, how to put something on a side.. i loke to buy things, to play games, I'm still like some kid in many ways.
Having coins in a wallet is very nice feeling, but don't let coins use you. Its better you to use them.

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May 26, 2016, 11:32:43 AM
 #33

I use both, I usually choose to spend and convert for fiat. and the rest I hoard, so one day the price make a surprise, so I do not miss the moment
Daniel91
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May 26, 2016, 11:39:49 AM
 #34

I do both.
Part of my BTC funds I invested in several business opportunities and rest of funds i keep in my BTC wallets, waiting for price increase.
I hope that both ways will be profitable soon for me Smiley
It will be great if BTC value will not change so often, going up and down all the time, but it's nothing we can do about it.
I like to see that money works for me so just to put some funds in my BTC wallets and wait, doing nothing, never was option for me.

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May 26, 2016, 11:55:26 AM
 #35

Direct usage is lot available with the gambling websites. So I use bitcoin in gambling a little. Remaining will be saved in a much safer way. Only on emergency conversion to fiat takes place.
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May 26, 2016, 12:03:55 PM
 #36

I mostly hoard BTCitcoin. The BTCitcoin investments that I buy using my earned money from real life, is mostly just hoarded on one of my addresses (only a small percentage of my outcome per month) so hoping to earn some profits in the future but the amount I've earned on this forum, is hoarded for a bit then it's used for spending on my needs.

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May 26, 2016, 12:17:24 PM
 #37

Direct usage is lot available with the gambling websites. So I use bitcoin in gambling a little. Remaining will be saved in a much safer way. Only on emergency conversion to fiat takes place.

Yeah bitcoin is really helpful at the time of emergencies, even if you have time to get your salary and if you need money then bitcoin can help you in best way.
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May 26, 2016, 12:36:30 PM
 #38

I think you should consider bitcoin as money because it is, and you can't profit much  without having at least 1000 bitcoins if you are hoping
To hold for price going up.
However I doubt bitcoin becomes global when we have only 21M bitcoins and a planet with +7 Billion population only 21 Million can hold 1
Bitcoin each, and even now that still are 6 more millions to be mined not every one can mine but only those who have some huge capital
to invest in mining, but if you want to stay small at earning some profit then yes holding them is a good way, but I personally do work with
Them to double them and triple them if possible in less than a year.

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May 26, 2016, 12:57:17 PM
 #39

I don't spend it as that option is not available in my country, but I do sell my coins on regular basis and convert it to my local currency, and price really doesn't matter me.
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May 26, 2016, 01:02:06 PM
 #40

I don't spend it as that option is not available in my country, but I do sell my coins on regular basis and convert it to my local currency, and price really doesn't matter me.
It doesn't matter which country you live in, as you can always use your Bitcoins to buy stuff online, you don't have to use it in your local store, that is the beauty of BTC.
I don't use my BTC to buy anything locally either, internet shopping is all I need.
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