Two types of Bitcoiners, Which are you?

The most times I hold to spend or trade for altcoins. Some times I cash out in fiat for my spending.

im not a bitcoin holder, i usually buy products or making some sports betting.

For me , i will pick #1 cause im doing hold and spend on bitcoin. Im using bitcoin to pay my daily to pay my everyday stuffs , And using it for my monthly bills. Im just like doing a work to get paid and to use it to pay bills.
But im stacking a little bit bitcoin and wait till the price increases

I'm not sure which type of bitcoiner I am because the price hasn't become high enough yet to give me that kind of life changing decision. All I know is that I'm HODLING long term trying to make serious money one way or another.

i think type 1 is me, i will use bitcoin to hodl and spend to paid my daily life

In the future, we will be all in Type 1. People are just not accepting bitcoins right now because they don't know about it yet. Eventually, someone will introduce bitcoin to them. There's a lot of advantages that we can get when we accept bitcoin as payment. But for now, the majority of us will be in the Type 2. We have to convert our bitcoins into fiat first before we can buy something.

I'm the one that is going to hold my bitcoin and spend it when it's price would go skyrocket again. I guess the second one is a little bit of waste of time because in order to sell your bitcoin you have to find people or advertise it that you are selling bitcoin, and there is a possibility that in that time that you are going to spend in selling your bitcoin, the bitcoin's price is going to change again, you are lucky if it goes up more but your not lucky if it goes down and I think you will going to regret it for the rest of your life.

I am both at the same time because sometimes I trade with my coins but I think that in future I'll become that type of bitcoiner which will hold bitcoins because I think that when full amount of bitcoins will be mined, than the price of bitcoin will become higher, much higher than it was ever. So I think that I'll hold my bitcoins soon and I'll wait years for great profit.

Quote from: btcdevil on October 24, 2016, 09:39:55 AM

I never hold all of my earned bitcoins fully only 20% of it i am holding it, balance i do sports betting , play poker games and 50% i convert it to fiat currency to meet my daily life expenses. As i am not able to use bitcoin in shop or online in my country i have to convert it to fiat currency to fulfill my needs.

Atleast you hold 20% of your earned bitcoin but i am not able to hold any single bit of my bitcoin earnings and i dont want that too because i dont use bitcoin as an investement but use it only as a currency.I too love to bet on sports so most of them i spend in the sportsbook.

I'm the type 1. I use my bitcoins for my regular purchases as most as I can. Lamborghini is not my kind of car, but I would still be happy to buy one Grin

I think, you should add "type 3: whatever is possible I.e., spend or sell". Because we cannot spend Bitcoin directly everywhere. I'm type 1 but still I voted for type 2 because if the above mentioned reason! Hope it'll be changed in near future.

I hold my bitcoin for a while and when it's enough to convert to my local currency I will convert it asap. So, I chose type 2. Frankly, I cant use bitcoin to buy something that fit with my needs nowadays. I prefer to use fiat.

Quote from: Fatanut on October 24, 2016, 09:58:02 AM

That is true, and like others, i have also selected Type 2, as you mentioned that right now we are not able to buy much things with bitcoins as it is just accepted in limited places so if we want to buy something we first need to sell them and get fiat and then buy the things we want.

I am of type 2 as I hold just to sell for better price and then buy back when price dip after short time. Bitcoin's price like every other market can not be flat or fixed there will always be ups and downs. You can easily make nice profits for waiting as holder without getting emotional.

Quote from: jangloos on October 24, 2016, 05:24:16 PM

We are the same but sometimes i use my bitcoins to buy like domain and hosting in namecheap.. and i think almost all members here are holding bitcoin to get the benefits of price increase. and i think the price will increase more soon

OP -You should actually add another type that is to hold it for ever and sell it only when the need be or never . If holded for 20 - 30 years and just imagine prices zoom past in million for single btc?

Quote from: th3nolo on October 23, 2016, 08:12:58 PM

those who hold the coins to sell, but not for a new Lamborghini, right now in my life. I need other things that a new Lamborghini, even I do not have the funds to buy one.

You are the right guy. I am also going for the type 2 and I wish bitcoin price may hit $1000+ just like you are anticipating. To make the most out of bitcoin one needs to buy and hold for some in order to make profit in long term basis but buying and spending does not help at all.

Most of Bitcoin users will be type 1 because you can direcly buy a car using Bitcoin and no need to exchange it to fiat and then buy.