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Author Topic: If you have a lot of bitcoin, should you spend it or save it?  (Read 33312 times)
daxiake
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August 10, 2017, 11:36:22 AM
 #401

It will depend on the price of bitcoins as if the price goes higher and if I have more volume of bitcoins in my wallet then I will spend some of them and will keep remaining for the future as price can go very high in next few years so at that time I should not be left empty handed.
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August 10, 2017, 12:36:42 PM
 #402

If I have alot of bitcoin I don't hesitate to spend it especially when I neede the most. I doing bitcoin to sustain what I want and I am alright on that. But if I dont need to spend my bitcoin I will decide to save it for I have money when I need to buy something in the future.uo

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August 10, 2017, 12:39:14 PM
 #403

If I have alot of bitcoin I don't hesitate to spend it especially when I neede the most. I doing bitcoin to sustain what I want and I am alright on that. But if I dont need to spend my bitcoin I will decide to save it for I have money when I need to buy something in the future.uo

Yes if we have lots of bitcoins then we won't mind it spending for shopping or for any other investment purposes but the best thing would be to save it for future so that we can sell it when price goes higher in future to make higher profits.
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August 10, 2017, 12:47:02 PM
 #404

I will spend half of it of course, ill make myself enjoy if i had many bitcoins the half of it will go to the paperwallet savings for my future.
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August 10, 2017, 12:51:48 PM
 #405

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!
Having such a great count like that is a very amazing thing to think of. Ofcourse having a great count of bitcoin like that will push you to start being wise and knowing how you can let it stay for a long period of time. Saving will be a great thing or let us just say the best thing to do to be able to make your bitcoin last but saving will not just be a way to make your money grow because waiting or just holding it for a long period of time is like waiting for a tree to grow though worth a wait, we cannot still assure if the flow in the market is always on pump so to be able to add your gain, you must take a risk to spend it on useful thing such as investing into a beneficiary thing that you think can add up your current state of money.
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August 10, 2017, 01:32:10 PM
 #406

I will spend half of it of course, ill make myself enjoy if i had many bitcoins the half of it will go to the paperwallet savings for my future.

I will not spend the half of it maybe just a quarter of it because I want to make sure that I still have many bitcoins while having fun.  It is necessary to have fun while earning bitcoins as it will make us more inspired to earn more of it.  I will make sure that I will use my bitcoin to good reasons and that I can secure my wealth.  I do not want to go back to the time where my problem is all about the money.
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August 10, 2017, 02:05:12 PM
 #407

Instead of spending it or selling it I will prefer to invest it in trading where there is always an chance to grow my bitcoins as spending now won't be much profitable as price is expected to rise to $5k and once it gets there that would be the time to start spending them.



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August 11, 2017, 02:10:52 PM
 #408

If you have a lots of bitcoins HOLD IT. Since you see the value going up now you know what happened if you hold. And if you spend for what ?
for chilling or other else if that is not important Save it and Hold it your BTC. i know its hard to be patience when it comes to money but if the future there will be a biggest return. Think that always
Bitcoins are the future of world economy and those who are holding Bitcoins today will be ruling the world tomorrow.

I don't find any solid point in wasting Bitcoins at present. If you have more than enough Bitcoins, you should save them for future. In the coming decade, we are going to be the most precious asset of the world.

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August 11, 2017, 02:22:21 PM
 #409

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!
Well in my own opinion if i have a lot of bitcoin inside my wallet, i would like to make and start my own business like a computer shop so i could earn more money, i can also invest my bitcoins so i could double my money that i have invested. And when i started to earn a big money again i could now save them for future purposes.

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August 11, 2017, 02:28:45 PM
 #410

I do not like the store, I sell it in cash and I convert it to cash, it makes me feel a little shopping, eger I get more strase, I make more mistakes, I make big money for investment.

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August 11, 2017, 02:42:19 PM
 #411

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!
Not directly. You savings or should i say earning depends on the rate at this exact moment. You can say that you are saving or earning when you exchange your bitcoin into a local or available currency and the rate ia higher than before. I think what's happening in your wallet is bug or maybe you are using your wallet address in earning online
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August 11, 2017, 03:42:32 PM
 #412

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!
Well in my own opinion if i have a lot of bitcoin inside my wallet, i would like to make and start my own business like a computer shop so i could earn more money, i can also invest my bitcoins so i could double my money that i have invested. And when i started to earn a big money again i could now save them for future purposes.
Yeah, a steady job out of real life is still a better thing because we can not know what the future of bitcoin will be like, we need something stable for life and of course, a stable job is better. Save only a small part, then sell the rest to invest for the future, it will be a wise decision, we can not predict the future, so we should sell bitcoin at the highest price possible, this can make us regret but it will keep us safe in the future

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August 11, 2017, 03:47:14 PM
 #413

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!
This actually depends on the number of bitcoins that I have, if for instance I have a total of a 1000 BTC, there is no reason why to keep all of them, I can spend about 500 BTC and then use the rest of the BTC as an investment portfolio and see it grow till I feel the need to cash out again.

 
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August 11, 2017, 04:27:54 PM
 #414

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!
Well in my own opinion if i have a lot of bitcoin inside my wallet, i would like to make and start my own business like a computer shop so i could earn more money, i can also invest my bitcoins so i could double my money that i have invested. And when i started to earn a big money again i could now save them for future purposes.
Yeah, a steady job out of real life is still a better thing because we can not know what the future of bitcoin will be like, we need something stable for life and of course, a stable job is better. Save only a small part, then sell the rest to invest for the future, it will be a wise decision, we can not predict the future, so we should sell bitcoin at the highest price possible, this can make us regret but it will keep us safe in the future
Well creating your own business is a great thing to do if you have extra money, but if you are depending on Bitcoin for your daily living you might as well don't think about it because it is too risky sacrificing your main income for a chance to earn a little from a start up business. A computer shop is not that bad but a lot of people have their own personal computers, some people even depend on their smartphones and don't need computers anymore.

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MetalGear
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August 11, 2017, 04:43:47 PM
 #415

For me, I would say that I would save it if I had a lot of bitcoins. Though with your case, OP, you are saying you have 2.1 bitcoins, that's not really significant to impact it with price increases from time to time. I recommend saving because even up to now, I think bitcoins are still under-priced and its price will go up some more in the coming months.
If you have a lot of bitcoin I think the best way to do is to save it than to spend it. In addition to that, saving and holding bitcoin will help you to make and earn more income. Holding is one of the best ways to gain more income and I believe that the price of bitcoin will increase in the future so that it’s better to hold or save it than to spend it.
audaciousbeing
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August 11, 2017, 05:06:09 PM
 #416

I wish I had a lot of bitcoin as of today because if I did, I would ultimately go for the two  options by both saving and selling because there is no point of having thousands of dollars stashed somewhere and I can't get to enjoy life and at the same time won't sell everything then blame myself why I didn't wait a little longer in case the price just reach the moon within some few days after selling. So I will apportion my need to what I will be selling then wait again till when another need arises which I am sure I will need lesser amount of BTC to meet at any point in time.
Lubang Bawah
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August 11, 2017, 05:37:06 PM
 #417

I'm sure the bitcoin price will never go down, so I'll hold bitcoin because this is the best most profitable investment. The longer we hold bitcoin, the greater the profit.



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PainKiller71
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August 11, 2017, 06:38:14 PM
 #418

If you have that much then it would be easy for you to find a balance between saving and spending just what you need. But you said if having many, so what would be the problem?
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August 11, 2017, 06:53:00 PM
 #419

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!
This actually depends on the number of bitcoins that I have, if for instance I have a total of a 1000 BTC, there is no reason why to keep all of them, I can spend about 500 BTC and then use the rest of the BTC as an investment portfolio and see it grow till I feel the need to cash out again.
As stated it's good to spend a part of what an user has with him. Because nothing is assured of tomorrow, and so if something happens negative too this won't affect the user. Else if everything is kept holding surely the user feels bad if the value decrease.
jjshabadoo
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August 11, 2017, 06:59:44 PM
 #420

Well if i have a large amount of bitcoins i will seriously think about it, for example there are a lot of things that i might want to buy atm, but i prefer saving bitcoins for the future, became into the 21 btc club is my goal, and if bitcoin becaumes much expensive then you can be millionaire in a few years.
so i deffinitely prefer holding it, nobody knows what could happen with this coin.
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