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Author Topic: If you have a lot of bitcoin, should you spend it or save it?  (Read 33312 times)
mozillaspez
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October 02, 2017, 04:21:14 PM
 #1121

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.
That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.
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October 02, 2017, 05:57:59 PM
 #1122

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!

Ofcourse it depends on the person and based on his needs. Many people nowadays are choose to spend because they believe that they will always have income in bitcoin so that they always use their bitcoin. And also they choose to earn ofcourse in order to buy things they want and they also beleive that it will make them rich.




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October 02, 2017, 06:02:27 PM
 #1123

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!

For me, I prefer saving it because as we know each year that pass the value of bitcoin always increase and it has a big possibility that it will increase in the future years so our money that we hold will increase as well. If you hold it and be patient all things will be good to you. You will earn the patient you put in your money and earn a good and higher amount.


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October 02, 2017, 06:17:03 PM
 #1124

well, spending on something unnecessary will really be a waste. use the thing for more important if you intend to spend it. and I further suggest that for the long term, storing bitcoins would be much better.

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October 02, 2017, 06:21:13 PM
 #1125

if i have bitcoin in larg amount i will some of them spend on my needs and some of them save for my future.
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October 02, 2017, 06:29:28 PM
 #1126

Usual question, and every time my answer is same,
I invest these in any running business like an electronics hole sale dealership or in some hotel. and also save some for more profit through bitcoin.
   

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October 02, 2017, 06:37:46 PM
 #1127

well, spending on something unnecessary will really be a waste. use the thing for more important if you intend to spend it. and I further suggest that for the long term, storing bitcoins would be much better.
Ya my opinion  is  also  one  and the same. Sell your  Bitcoin only you need of money. Or else, keep  the bitcoin  as much weeks as you  can. Since again  the price  of  bitcoin  is  increasing  now. You may  expect  this to high value. Such as 5000$.Who's  know this bitcoin  Savings  will  help  your  future.
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October 02, 2017, 07:15:02 PM
 #1128

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 my plan is to build a small business to big business becuase i know that bitcoin is my only way to get money so that's why im trying my best to earn a lot of bitcoin becauase i want to become rich like others and if i get a lot of btc i will save it for my future money.
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October 02, 2017, 08:12:06 PM
 #1129

Well, if you have a lot of bitcoin, you should try to find some safe, good investment(maybe some ICO) which has great potential of growing in near future and invest in it. If you are not sure what to in invest in, just keep those BTC in your wallet.
You see how big is it currently, and definetely it will get even bigger.
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October 02, 2017, 08:40:37 PM
 #1130

Important factors for making a decision in this case will be the availability of normal work, the availability of free time, knowledge of trading .. for each individual case there will be a separate solution..
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October 02, 2017, 09:19:08 PM
 #1131

If I had a lot of bitcoin I would save them until I have a lot of them. It can come handy when you really need money. or else I wouldn't spend them on unnecessary things.
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October 02, 2017, 09:42:34 PM
 #1132

If I had a lot of bitcoin I would save them until I have a lot of them. It can come handy when you really need money. or else I wouldn't spend them on unnecessary things.

Exactly, saving is the only way if you have no pressing needs. The longer you hold the better your chances of selling at a huge price someday and making decnt returns on your bitcoin investment.
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October 03, 2017, 03:20:29 AM
 #1133

i will use for building my biggest dream, 100Ths ethereum mining rig  Cheesy
if i have a big ethereum hashpower, i can earning alot money everyday

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October 03, 2017, 03:22:44 AM
 #1134

I will invest it. Investing is a way to save money for your future. I would love to see how i can be successful when the time comes when i invest money. Cause I know how much I can get if I invest my money right.
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October 03, 2017, 03:28:35 AM
 #1135

I will invest it. Investing is a way to save money for your future. I would love to see how i can be successful when the time comes when i invest money. Cause I know how much I can get if I invest my money right.

Exactly, investing in something more profitable than bitcoin and watch them grow and as much as you profit from those investments then you buy more bitcoins down. But you should be careful in chosing what you invest your bitcoins in else then you're better off keeping it in bitcoin because it's also an investment.
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October 03, 2017, 06:46:47 AM
 #1136

I will save for it first.Then,if ever there will be an emergency or something comes up and i will be forced in using it,then,I will spend it.
Something like this has happened to me in the past when I was just forced to withdraw most of what I have to settle some huge bills on my neck. However, things turned around so quickly and luckily for me, there was a huge dip then and mehn!

It was like a blessing in disguise for me at that moment cause I so much bought even more than I had before. So sometimes situation can warrant someone to do what they may not have done normally.
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October 03, 2017, 01:39:35 PM
 #1137

I will save for it first.Then,if ever there will be an emergency or something comes up and i will be forced in using it,then,I will spend it.
This is a very good approach. In my opinion, if I have a lot of Bitcoins, then I will save the manor portion of my Bitcoins and remaining few of the Bitcoins for meeting my daily needs. I must suggest that trading will be much more profitable as compared to that of saving even in case if you have a lot of Bitcoins.

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October 03, 2017, 06:37:16 PM
 #1138

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 lots of bitcoin, I save it to save a lot of my future, my siblings, parents, friends. Because I want to grow and grow my bitcoin by investing in bitcoin-related businesses. I want to save my bitcoin to increase its value will also increase my profits and I will progress further by accumulating my bitcoin.
You are doing well and almost everyone use to do this that they want to secure the future. The money of the bitcoin is not just the money it is the investment if you will buy bitcoin today you will be able to ge the high profit in the coming days of the bitcoin. The price of the bitcoin is very high as compare to the other currency so it is the best thing to invest your money in.
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October 03, 2017, 07:06:35 PM
 #1139

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!
Actually, if I have a lot of bitcoin I think I prefer to save than to spend it. We all know that saving bitcoin can really help us to become rich and having a lot of bitcoin is an opportunity to become rich. You must save more bitcoin if you want to become rich in the future.

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October 04, 2017, 04:47:15 AM
 #1140

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.
That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.
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