If you have a lot of bitcoin, should you spend it or save it?

[Apened]

I will stop working first, then i will cashout 70% and open a real business. 30% more will i use for a next 5 year investment. Because, i haven't known more about bitcoin, and this is too risky for me.

Why would you cash out your bitcoin to open a business when you could leave your money in bitcoin and make a lot more money by doing nothing, at worst I will withdraw a small amount of money to buy properties, if I had enough bitcoin for that,  that way if things went wrong you will have gotten huge benefits thanks to bitcoin.

I think there's nothing wrong on his method as he didn't know completely in bitcoins so in that there is a big risk especially if some or he did a wrong way which he can lose much money and if knows how to handle his real word business it is much better to divide his money.

[1714955735]

1714955735

[Skylake]

spend it to make more people using bitcoin, helping merchand is good way to make bitcoin comunity stronger, for me i will choose payment using bitcoin than other if the merchand accept it

[Raffamichaels]

A half of it i will save it or invest on bitcoin related companies while the other half is i will buy things based on my needs.

[rivoke]

spend it to make more people using bitcoin, helping merchand is good way to make bitcoin comunity stronger, for me i will choose payment using bitcoin than other if the merchand accept it

My friend also accept bitcoin for their transaction and it's proven that using bitcoin is safer, cheaper , and faster compare fiat
It's also very usefull for me also as investation so I'm prefer to save it rather than spend for nothing

[mel1978]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If I have lot of bitcoins I will still save some of it and if I have something need to buy or pay I have to withdraw some. Bitcoins should be save for now because it has the potential to grow in value in the near future. Maybe 3 to four years from now.

[MRY]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If i have a lot of bitcoins of course i will spend part of it for me to be able to enjoy the profit i had earned and also i will save for the future because the market would still go up but atleast i still do have something that is waiting for the market to go higher.3

yes, agree with you if I have a lot of bitcoin I'll use some to buy some things I want and some I save for investment

[Sled]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If i have a lot of bitcoins of course i will spend part of it for me to be able to enjoy the profit i had earned and also i will save for the future because the market would still go up but atleast i still do have something that is waiting for the market to go higher.3

yes, agree with you if I have a lot of bitcoin I'll use some to buy some things I want and some I save for investment

If you will ask me, i will use my bitcoins (if i have a lot of bitcoins) to just investments rather than enjoying it to buy my wants because it is not worth it to do since wants can be postponed but the time and money is very important. If you are willing to sacrifice your wants for a better quality of life in the future then you should spend it on investments and not on wants.

[swogerino]

If you have a lot of bitcoins then you should spend some in order to improve no matter how little it is, the name of bitcoin. By using it daily bitcoin should increase in value as it will be used on many different websites for many different purposes. Nevertheless save the majority of your bitcoins as if the price increases a lot by having a lot of bitcoins and selling at a big price you make really nice profits.

[Wittycoin]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

Bitcoin's price really are getting high so rapid and really a good thing for investors. For me it is better to save your bitcoin if you have some because it really gives big profit in the long run even though sometimes its value is getting low but it always end up with bigger value as compared to how it decreases. So my advice is that buy bitcoin when its price is low and save it till it grows up again. Bitcoin's value always surpasses its limits and become more higher and higher in value.

[beezare]

If I have lots of bitcoin then I will spend some of them when necessary and rest I will save it for the future as bitcoin has great future ahead which will show us some high price of it so at that time we should not be short off coins and should have enough coins in wallet to enjoy higher profits.

The same thing here, i keep part of my bitcoins and i sell part of it.
It is not good to sell all because there is no possible way to know how much bitcoin will be worth in 5-10 years from now, maybe we are all holding fortune. If I don't need money i would hold them all.

yes, if you have a lot of bitcoin do not spend it all take some for the important and emergency and some are saved for profit again and for the future

[Bacchu]

If i have a lot of bitcoin then i will split them, then i would invest some of them into ICO, some of them invest into crypto trading, some of them will invest in for buy and hold crypto. also i would store bitcon for a long time.
But unfortunately i dont have much bitcoin now.

[miningguru]

As the value of Bitcoin price is increasing my choice is always to save whenever it reaches the highest value. So, I will become financially free because Bitcoin can change many people life those who are holding Bitcoin.

[The Last Choice]

Spend it, but all depends on their skill, here i have no skill on tranding so i won't excange it into other coins, because i just guessing the price not acctualy correct but i can got big problem when i lose my satoshi, hard to found it

excample, so i prefer to buying btc account here, why because the price will up when the rank/potential activity. simple but profitable.

[Fatanut]

I will stop working first, then i will cashout 70% and open a real business. 30% more will i use for a next 5 year investment. Because, i haven't known more about bitcoin, and this is too risky for me.

Why would you cash out your bitcoin to open a business when you could leave your money in bitcoin and make a lot more money by doing nothing, at worst I will withdraw a small amount of money to buy properties, if I had enough bitcoin for that,  that way if things went wrong you will have gotten huge benefits thanks to bitcoin.

Because he knows that he should diversify his investments. The economy does not revolve in cryptocurrencies. There are other businesses out there, and yes, they might not give you as much gains as bitcoin and they might make you more involved than with bitcoin, but it makes you learn. Seeing results with your own eyes makes you committed to what you are doing. In bitcoin, the only thing you see are numbers. Picture yourself looking at a building and knowing the fact that the stores in there are yours. Which one will make you happier? Seeing numbers or seeing results? For me it's definitely the latter.

Which make me thinking back then that I should also make my own business in real world because bitcoin is not guaranteed to go up in the future. Plus, it's something to do other than just staying at home, binge-ing while trading.

[SacriFries11]

Today I am very happy because the price in 2 days is skyrocketing, now the price is over $ 4200 and I'm sure the price $ 5000 is immediately reached (maybe in the early october), with that prediction I'll keep my bitcoin so I'll get more profit.

Yes, all of us are very greatful that bitcoin's price have already on the way to reach again it's highest price so far but I don't think that it will hit $5000 by early october maybe  early december I guess but I'm sure before this year ends it will. For now, I'm done with spending I'm going to save my bitcoin or invest it with some projects. We already know that bitcoin is more profitable if we save it rather than spend it so try to think about it.

[fiomcorka]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

My answer is very simple. If I have many bitcoins, of course I will save it. Spending bitcoins are really bad decision and I can say that it is better to save our bitcoins than to spend it.

Spending is not a bad decision as you are earning it so that you can spend it sometimes or even sell it at higher profits and if you will never sell then you will never enjoy the profits so if its giving you good profits on your investment then there is nothing wrong in selling a small part of it.

Spending is not a problem for fun but do it wisely and not excessively dude. and one thing you must know. if you want to shopping make sure you use the money you get from the profits not from the venture capital you set up. use a few percent of the profits you get for spending and having fun if you want it. I think it does not matter

Exactly what you have right now, you must spend it carefully and wisely. I suggest to save them as holding and make sure you will lock that wallet for a few years. You will be millionaire when you sell them. But if you want to spend, as said here, spend only a portion of profit not the capital.

I definitely agree with you about keeping bitcoins in wallet for some years because we all know that in the near future they are going to rule the world and will be the most expensive assets of the world.

Bitcoins are future diamonds of the world and those who are going to earn them now and saving them as long term investments, they are the future millionaires.

[cramcram21]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If I have a lot of bitcoin in my wallet I would save it and take some money for my expenses,
I will only cash out the amount of money needed for the time being .

[Lasvista]

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

I spend half of it to have more asset. I will use it to gain more income. Just like don't put your hard earned money in one basket.
The half savings will serve as an investment and for future/emergency needs.

[bhadz]

If I have a lot of bitcoin in my wallet I would save it and take some money for my expenses,
I will only cash out the amount of money needed for the time being .

I'm going to save it too but not all of it. A bigger part will be saving as it will be my own personal asset and investment. While putting a small amount into trading so that I'm going to have my trades as I don't want to miss the chance of earning good profit with trading. And when I earned enough, those coins will be re-invested and I'm going to buy the stuffs that I need since I've got a lot of bitcoin. So I prefer to do both things,

[EdenHazard]

As the value of Bitcoin price is increasing my choice is always to save whenever it reaches the highest value. So, I will become financially free because Bitcoin can change many people life those who are holding Bitcoin.

it is actually a little bit dilemmatic , to make bitcoin live longer you should spend it.

so bitcoin could keep circulating , but in other side you will feel have bought things so expensive when the value of bitcoin increased later. just take a look to the historical pizza bought for more than 30 million dollar , that time bitcoin might not as worth as today.