Two types of Bitcoiners, Which are you?

[genos]

I don't have enough bitcoin to buy lamborgini but I just try to earn as much as possible while I waiting the price rise, I prefer like to use my bitcoin to buy a large one house.

[nakedbitcoins]

HODL

[extrabyte]

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)

If the first option is available and cheaper for item/service that i want then I would go with the first one because the second one has more stress more fees and takes more time until you buy that 'lamborgini' in this case. But if there isn't any other option rather than selling then i would go with the second one.

[the_poet]

#1 is the way to go. When btc is worth big $$$, most (if not all) merchants will accept it, so no need to sell it for fiat.

[justspare]

If I could just go out and buy a Lamborghini with Bitcoin, then I definitely would do that. But that problem is that no one wants to be paid in Bitcoin. I would way rather pay in Bitcoin so that I didn't have to go through the hassle of selling my coins, but I doubt I ever will be able to buy a Lamborghini with my Bitcoin.

[Jeremycoin]

What's the different between selling and spending? If you sell it, that means you are spending it.
Or do you think if we sell it, we're not spend it?

[mkc]

From tax point of view, type 2 is easier to deal with.i will convert to fiat then spend it.

[Th3BlackBeard]

I'm neither both. I don't have enough coins to even buy or own a lamborgini.

[oblivi]

#1 is the way to go. When btc is worth big $$$, most (if not all) merchants will accept it, so no need to sell it for fiat.

This is why OP's question defines a long term holder that will get rich vs a short term seller which will only get some bucks that will not change your life.

[Hirose UK]

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 think I'm the second type. You know, not many shops accept bitcoin here. So I have to convert it to fiat first to buy stuff.

[MbitSport]

If I could just go out and buy a Lamborghini with Bitcoin, then I definitely would do that. But that problem is that no one wants to be paid in Bitcoin. I would way rather pay in Bitcoin so that I didn't have to go through the hassle of selling my coins, but I doubt I ever will be able to buy a Lamborghini with my Bitcoin.

lol but you can in fact buy a lambo with bitcoin http://www.coindesk.com/lamborghini-mclaren-bitcoin/

I'm neither both. I don't have enough coins to even buy or own a lamborgini.

lol we are just talking hypothetically, it doesn't have to be a car, the point is if the price of 1 bitcoin was to rise to $xxxk some time in the future, do you spend or sell your bitcoin at that point.

(regardless of how many bits you currently own)

[23dzmaz]

I choose type 2, I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini. Because I will sell all my bitcoins first than we can see if we can buy it or not.

[RenegadeMind]

Type 3: I can't wait for the moment when I get paid in Bitcoin and everyone else accepts it.

[shinratensei_]

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)

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

But it's too difficult for me to find store can accept bitcoin, a lot of store in my country is still accepted a local currency important for me to exchange my BTC before I spend or using it.

[X-ray]

Type 2. because more interesting for me to buy anything with a local currency because it's easy to find a store. and exchange my btc before using it. and some of my friend it's also done with this way.

[Sniper44]

i am hodling my bitcoin for the future that bitcoin can be spend everywhere so i guess i can call myself as a type 1 hold to spend kinds of guy. but meanwhile hodling for that day i will also sell to get some fiat to spend the profit.

[drwtsn32]

Aren't they just the same thing?
Why do you have to sell your bitcoin to buy a car if you can buy it directly with bitcoin?

[Cryptonitex]

Exactly...
When the time comes, you won't have too.

[Cryptonitex]

Aren't they just the same thing?
Why do you have to sell your bitcoin to buy a car if you can buy it directly with bitcoin?

Nooooooooooooooo


Completely different.

Those that Believe in BitCoin

And those that Don't believe in BitCoin.

[Cyaren]

I'm definitely hold to sell. I'm the sort that goes, I'd like to hold my bitcoin so that I can invest it in some good investment opportunities when they do come up. Having money means that you have more flexibility.

I don't like wasting money on lambourghinis, though