Two types of Bitcoiners, Which are you?

[Cuidler]

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

For me the two is the same,
Spend vs Sell their are the same that they buy a car.

Your right, spend and sell is basically the same now, as the Bitcoins spend on the car would be most likely instaneously converted to fiat with bitpay or similar service. Im really waiting for the whole commerce to transact in Bitcoin only and not convert to fiat anymore, but this could take very long.

I guess better would be if OP ask whether you holding Bitcoin in the hope to profit from price changes, to get rich from few Bitcoins, or because you see Bitcoin much better than fiat and you actually use it or just store wealth in holding it.

[btc-facebook]

I'm hold bitcoin to sell so I set my preferred target so I can made maximal profit.
Usually, I'm convert my bitcoin into local currency so I can use it for purchasing goods

[Jacob70]

Definitely Type 1, i would like to spend some coins, but i rather just invest and earn more. I hate spending, but i would just spend BTC and not cash.

[MingLee]

This probably sounds cliché, but I'm kind of both. I'm holding my Bitcoin in general, moreso to sell it later, but I wouldn't mind spending my Bitcoin on things I need either. It all depends on the time and what the item is, and I would be interested in doing either or.

Typically I like having something more liquid, so I would more than likely be holding to sell.

[emberbekas]

I'm hold bitcoin to sell so I set my preferred target so I can made maximal profit.
Usually, I'm convert my bitcoin into local currency so I can use it for purchasing goods

Same as me. Whenever I got enough satoshi to convert to my local currency I for sure will sell my satoshi. Feels regret sometimes especially when the price moving up significantly after I sold my satoshi. Thats happen couple times!

[fkvidar]

I'm hold bitcoin to sell so I set my preferred target so I can made maximal profit.
Usually, I'm convert my bitcoin into local currency so I can use it for purchasing goods

Same as me. Whenever I got enough satoshi to convert to my local currency I for sure will sell my satoshi. Feels regret sometimes especially when the price moving up significantly after I sold my satoshi. Thats happen couple times!

That problem will be always part of bitcoin as we never know what is best or high price to sell, but if you are satisfied with the price then you should sell your coins.

[MbitSport]

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."


Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

For me the two is the same,
Spend vs Sell their are the same that they buy a car.
This two buy car if the lrice of bitcoin rise, they only difference is just direct buy and the other is not direct to buy a car.

I have to disagree, you are right in saying that both buy the car, but if everyone that currently possess some bitcoin decided to sell, what happens to the value? i don't think this benefits bitcoin but rather defeats the purpose of it (i could be wrong)

But in the same case, if instead bitcoin was spent directly, i believe this benefits everyone.

I Hodl in hope that i can one day spend my bitcoin no differently than i spend my fiat.

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

For me the two is the same,
Spend vs Sell their are the same that they buy a car.

Your right, spend and sell is basically the same now, as the Bitcoins spend on the car would be most likely instaneously converted to fiat with bitpay or similar service. Im really waiting for the whole commerce to transact in Bitcoin only and not convert to fiat anymore, but this could take very long.

I guess better would be if OP ask whether you holding Bitcoin in the hope to profit from price changes, to get rich from few Bitcoins, or because you see Bitcoin much better than fiat and you actually use it or just store wealth in holding it.

True in the case of merchants that use services such as those provided by companies like BitPay, Maybe i should have worded the OP better, as my OP is meant to refer to a time in the future where Bitcoin has mooned, hopefully this is a time where merchants are happy to accept bitcoin payments without having it automatically converted to Fiat.

[Divinespark]

Definitely a Type I. In an ideal world, I will never need to bother with fiat currency ever again. That said, we are at least 2 decades away from that scenario.

[Denker]

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."


Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

I'm the type 1 guy!
I want to pay in Bitcoin without any need for converting to fiat in the future.
I'm also thinking in bits instead of how much dollars or euros this is.
Give it a few more years and we will get there!!I'm pretty confident about that!

[dezoel]

I would love to do both, spend when if you are able to buy anything with it and if not then simply convert it to fiat and use it wherever you want.

[amacar2]

I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini laptop with my Bitcoin.

I don't have enough bitcoin to buy lamborghini.

[spooderman]

buying a lambo with bitcoin was already possible. paging /goat

[mindrust]

"Hold to sell" of course.

"Hold to spend" isn't a realistic choice. USD is the king of currencies and it will stay like that as long as USA lives. Btc is fine for what it is but waiting for it to win the currency war is just delusional. It is also too volatile, and volatility cuts both ways.

[MbitSport]

I'm the type 1 guy!
I want to pay in Bitcoin without any need for converting to fiat in the future.
I'm also thinking in bits instead of how much dollars or euros this is.
Give it a few more years and we will get there!!I'm pretty confident about that!

I'm also thinking in bits ;-) and i cannot wait for the day this becomes common place.

I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini laptop with my Bitcoin.

I don't have enough bitcoin to buy lamborghini.

LOL, well if the price ever rose to 1million per coin, you would only need about 200k bits to buy a lambo, or 0.2btc

[Wendigo]

Selling or spending doesn't matter to me as long as I am getting what I am paying for with my Bitcoins. I am not such a big Bitcoin purist or fanatic to avoid selling Bitcoin or refrain from spending Bitcoin indirectly because I am not attached to virtual monetary systems nor paper-based ones and I am interested only in getting the things I want and not how I get them  

[tobacco123]

I think I am 70% type I and 30% type II. I wish to see bitcoin being successful and also helping me to be slightly wealthier...  Anyway I don't hodl a lot at the moment.

[ebookscreator]

Well for me i will choose both spend or waiting for the price increase i have both this.. sometimes i can't wait sometimes i can wait.. but i already spend some of my bitcoins and most of my bitcoin are save waiting for good in the future.. and waiting for the price will increase too.

[Kprawn]

I am the Bitcoiner saying, I cannot wait for the price to double my investment, so that I can pull out my initial investment and use that for something else and be invested in Bitcoin risk free. If you got

in at $1000, you will have to wait for that price and even a better price, to make a profit, but if you came in at $200 ... you would have tripled your investment and you could have withdrawn a third of

your investment, and not have ANY worries about losing any of your own money.  ..... The Lambo has to wait for the $10 000/BTC. 

[angaper]

Actually I don't like overconfidence. You can't assume that bitcoin will be worth thousands in the future.

There are no guarantees about it, and I prefer to store my coins and observe patiently the multiple things to come before that possibility.

[Btcvilla]

Type 1.

Type 2 needs to gtfo.