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Author Topic: Do you save bitcoin for fun or for future purpose?  (Read 204057 times)
panju1
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April 05, 2017, 12:30:40 AM
 #501

I mostly save up my bitcoin for future fun purpose.  I have a day job which pays me well so I don’t need any extra income to sustain my life. I am ok with my salary. But I also save up bitcoin from various sources like signature campaign or trading. It is because I want to make my dream come true.

Since long, I am planning to buy a superbike. I have not yet decided the model, but I need a superbike because I want to go for cross-country touring. My current bike is good for city commuting but not touring. So I want to buy a superbike in future. Definitely it is not a necessity but that’s why I am saving up my bitcoin. Probably 2-3 years down the line, I would be able to make my dream come true.


That is a nice thought. If Bitcoin rallies, you can buy yourself a set of superbikes and not just one. Smiley
I am saving up my bitcoin for vacations. If the price rallies a bit, I will gift myself a world tour. If the price goes to the moon, I might go on vacations for every year for the rest of my life!
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Hanako
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April 05, 2017, 01:07:03 AM
Last edit: April 05, 2017, 07:16:30 AM by Hanako
 #502

Saving for the future is a good idea, but you need to sell them when the price of bitcoin increases. Because nobody doesn't know what will be the price of bitcoin in future, so buy bitcoin when it is low and sell them when it was at a high price.

good point. we need to buy when the price dumps and perhaps sell half of it when the price goes to the moon. for me this is a good thing to do because aside i am earning, i get to have fun in having profits. in addition, aside from having fun i also get the opportunity to save for the future especially if bitcoins price now will tripple for more in the coming years.
Doamader
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April 05, 2017, 01:29:55 AM
 #503

I had thinked into start saving all my bitcoins for future investments, could be a house, a car, or pay university from the childs, but with the split of bitcoin im considering exchange my bitcoins into fiat and wait better days to start those plans, as i believe the split will make bitcoin price to drop a lot.
Harlot
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April 05, 2017, 01:35:57 AM
 #504

I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I do saved bitcoin for my future honestly speaking, Because I believed through bitcoin I can fulfill my dreams. I can use it to buy a brand new house and lot, establishing my own business, and others. Also at least, I have emergency just in case there is a complicated problems may come in a long run.

Well that is a good choice in doing things that are always involves bitcoin would earn you a lot I think making a business base on bitcoin can ten times make you earn a lot of it and seeing the value is still goes up to a notch I can think of things doing great for some that holds a lot of BTC.

Thinking on long term of course it's a very good idea, especially if you are a poor man trying to save money for your future projects. You can spend all your money now, but I think it will be worthless as you will regret about it later when the bitcoin price hit amazing numbers.
Bitcoin can open the doors of profitable activities for you if you are wise to choose what is the best thing to do.

It's either you have saved a lot of Bitcoin during its early years or you are hoping that Bitcoin will cross the 2000$ level or higher because of your expectations that your Bitcoin Savings can buy a house or fund your Business. Well its not bad too dream but I don't think that it is possible as of the moment of what you are thinking of because right now Bitcoin is still a volatile currency in which has price drops the cross down way below the 1000$ level with that kind of corrections and based on its chart I can't even see Bitcoin reaching the 1500$ mark this year. With that said I hope you change your dreams into something more achievable maybe putting your Bitcoin savings and converting it to Fiat so that you can invest in stocks will make your dreams happen or you can choose the hard way of trading Bitcoin and taking advantage of its volatility either way it is still your funds and your choice.
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April 05, 2017, 02:08:20 AM
 #505

I had thinked into start saving all my bitcoins for future investments, could be a house, a car, or pay university from the childs, but with the split of bitcoin im considering exchange my bitcoins into fiat and wait better days to start those plans, as i believe the split will make bitcoin price to drop a lot.
it may be said, you will lose if you use bitcoin but do not use it for investment or save for the future because in fact it would be very beneficial
Schuyler
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April 05, 2017, 02:13:03 AM
 #506

I am saving my bitcoin earnings to add to my car fund. It would be nice to be able to buy a car ( even a second hand one) from my savings and my bitcoin earnings. I know that it is going to take some time before I am able to save a huge amount but I am really determined to buy a car before the year ends.
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April 05, 2017, 02:33:26 AM
 #507

We all have different reasons. As for me I like to keep mine and invest to some other coins for investment. I did invest to some coins which I somehow earn btc. I target for long term investments by the way. I've also joined a signature campaign to be updated here in the forum and also my earnings for there.

Being away in the forum from the forum will actually not help me being updated  to what is going on to the coins I have invested. The forum is full of news which helps to trade my bitcoins.

HarringtonStark
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April 05, 2017, 03:48:59 AM
 #508

I save bitcoin just to take advantage of the rising price. When the price is low, that is when I buy bitcoins.

Blackstorm
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April 05, 2017, 06:01:41 AM
 #509

i do not think that any person will save their money for fun so in this way we can not say that any one will save bitcoin for their fun but it is peoples futures needs and their aims for which they save bitcoin and i am also saving bitcoin for my future needs.
dwieyani
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April 05, 2017, 06:24:23 AM
 #510

I have goals for the future because it is pleased to have joined bitcoin and my goal is to get married and have a happy family
and many more of my goals for his future.
btcwonder1
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April 05, 2017, 07:05:39 AM
 #511

I do it only for future. No need to particularly save it for fun since the Bitcoin investment in itself is a great fun. Due to high volatility and incredibly higher value appreciation, it's probably the easiest and wisest investment you will ever make. Moreover, the fact that Bitcoin value appreciation is a matter of days and not months or years makes it even more exciting. So, keep it for future, fun will join in automically.

There is always more to learn about Bitcoin at www.btcwonder.com
erickkyut
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April 05, 2017, 07:14:40 AM
 #512

I'm not saving it for fun. I do it because I need it. Also, I'm saving and investing it to achieve my future financial goals. I'm expecting to have a huge amount of bitcoin in the future because I put it in auto-reinvest whenever I received the interest on my investments.
logicgate
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April 05, 2017, 08:00:44 AM
Last edit: April 05, 2017, 08:22:01 AM by logicgate
 #513

I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
i think i save my bitcoin mostly for my future use and little amount for fun. i also adding more and more bitcoin inorder to invest it in any kind of business to secure my future and to protect myself from financial crisis in future. and the little amount which i spend it for fun is also important because life without fun is boring.
severaldetails
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April 05, 2017, 08:06:27 AM
 #514

I do not have a big amount saved in bitcoins.
Those I have are for the case that over the next one or two decades a very big price increase will come, like it did in the last decade.
And I want to be on board this time.
But I am very well aware that this might not be the case, I did not invest more than a few bitcoins.
Sled
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April 05, 2017, 08:24:23 AM
 #515

I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
i think i save my bitcoin mostly for my future use and little amount for fun. i also adding more and more bitcoin inorder to invest it in any kind of business to secure my future and to protect myself from financial crisis in future. and the little amount which i spend it for fun is also important because life without fun is boring.
That is right, a life without fun is such a boring life to live in. I also save the majority of my bitcoin for long term because i believe that the price of bitcoin will increase even more after at least 5 years and i know that bitcoin will not disappoint me because based on the charts it is always going up. The rest of my unsaved bitcoins is i put it in a trading site to grow it and save the profit for long term.
JENREM
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April 05, 2017, 08:39:00 AM
 #516


i am buying bitcoin from its cheapest price and hold it for future use. i know bitcoin will multiply its price in the near future. i do believe in bitcoin. so i am holding it. we are so lucky to buy bitcoin now as it is still cheap.
NEWGOODOUBLE
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April 05, 2017, 10:19:31 AM
 #517

I save bitcoin just to take advantage of the rising price. When the price is low, that is when I buy bitcoins.
it is for short-term profits dude. I think it would be better if you set aside a certain percentage of bitcoin do you have to be saved as future severance
Mvaporis1961
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April 05, 2017, 10:50:38 AM
 #518

I save bitcoin for 2 reasons. It is for future expenses and to its continues increase in value as well. I save bitcoin to buy something I want and my salary remains untouched because I have bitcoin to spend my pleasure. While also saving it, in the future its value could be doubled and the purchasing power of my bitcoin will be greater.
mmo4me.2016
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April 05, 2017, 02:54:03 PM
 #519

No! i sell all coin! At the moment, I am emtry in my wallet after join Cloud mining!
South Park
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April 05, 2017, 02:55:51 PM
 #520

I would like to consider it as fun because i really cannot see or feel the asset but can view it ,but it does have series monetary valuation and so i would use it as an asset as well for my future and hope it will make some changes in my life and the price grows from this valuation.
maybe you'll get bored when using bitcoin only for investment then just hold bitcoin. using bitcoin for fun occasionally may make you do not get bored. so it was a good idea
This is true, while investing, trading and saving are necessary to safeguard our future, we need to understand that we also need to use our money to have some fun once in a while, after all money is supposed to be used for our benefit and having fun benefits us.

That's right but if you are earning both in fiat and bitcoins then I think you can have fun with fiat money and bitcoins should be saved for the future as the price of bitcoin will go higher in future so its better to have more amount of bitcoin at that time.
I suppose all of us have that option since it makes more sense to save in bitcoin than in fiat since in fiat you get ridiculous interest rates like 1 or 2 percent a year when in bitcoin  you can get a lot more than that in less than a month even with the high variance of the price.

I completely agree. In bitcoin, our assets are not depreciated and every month they increase. This is why I convert all my free funds into bitcoin
Even if bitcoin gives bigger earnings than fiat, it does, you still need to keep a portion of your money in hand as fiat since you never know what may happen and you need to be ready for any eventuality so you are not caught by surprise by any unlucky event, like a car repair.

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