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

[Sled]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

[mrcash02]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

That is a real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.

[BlockEye]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

That is a real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.

That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.

[v0rtecxz]

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high

[Bitcoinsummoner]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

That is a real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.

Honestly in my own even 0.1 btc in 1 btc i cant spend them all and i think i can only spend below i think around 0.03 to 0.05 because the price of bitcoin is really high..
And the good thing if you are holding a good amount of bitcoin invest it and scale them can increase the amount while you are spending bitcoin for useful thing that you can earn more bitcoins ..
Just like you use the money you earn in bitcoin and buy hardware miner or build your own mining rig.. it can increase the amount of your bitcoin.. and you can spend more bitcoins for maintenance of your miner..
it is hard honestly to earn 1 btc this time unlike before that bitcoin is pretty cheap you can earn 1 btc fast if you are doing multi tasker or you are in altcoin section and get some bounty lots of alternative before that you can earn bitcoin easily and bonuses that you can get in gambling before. unlike right now that are really hard to earn so spending your bitcoin a lot you are just wasting the potencial of the amount you spend from increasing value of bitcoin..

[mcman]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

That is a real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.

That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.

Well if you never spend your bitcoin you will never enjoy it. Like you said you don't need to spend a lot to reap the benefits of bitcoin and in the future you would be able to get even more benefits. I tend to spend a little bit each time bitcoin reaches a new threshold price so my assets are growing and I enjoy my earnings too.

[Finestream]

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high

To save is a good way of increasing our income but always have a specific plan on when to cash out because that is the only way where you can benefit from your investment. In every venture especially in investing we should always thinking of minimizing the risk that is why we diversify and it is not advisable to put all your investment porfolio in crypto currency investment alone.

[serjent05]

If I have lots of Bitcoin then probably there is nothing wrong if I choses to spend them since I can afford to spend bitcoin due to the fact that we assume i have lots of it.  I will keep those bitcoin is not needed for converstion and will wait till the price of Bitcoin goes up so that I can have more fiat currency once I decided to convert it to fiat.  I believe I can see several ATH before that many bitcoin is depleted.

I have nothing against people spending Bitcoin though wouldn’t you want the whole Bitcoin project to grow by holding your coins?
If you have enough money and enough Bitcoins then what is the point of spending any Bitcoins on anything? If I had both then I wouldn’t spend any Bitcoins.

And how can a whole project of bitcoin grow if we will not allow the transaction of bitcoin to flourish?  For a project to grow, there should be transactions, adoption and development.   How could one project grow if there is no adoption?  And how could people adopt bitcoin if there is no one selling it?  All should be in a balance in order for a project to grow.  Holding, spending, adoption, development and project growth this should be in harmony.

[tittensor]

As a newbie I used to get excited about the same thing as this poor OP when I used to claim faucets like idiots going and claiming dust every hour for few month, good days, lol.
What is money good for if not for spending? if I had 100,000 I'd be spending 10,000 and holding on to the rest for another 25 years for my kids.

That is a good spread and also a safe investment because you are just risking the 10% of our 100,000 money and that is one of the safes thing to do because you will not feel worry about your investment because you have a lot of back ups and the majority of your money will be going to your kids which is a great investment also because of their studies that can provide them a good future.

That is a real good strategy, just use 10% of your Bitcoins and keep the rest for future purposes. Who has 1 Bitcoin can spend 0.1 BTC, who has 10 BTCs can spend 1 BTC and so on... This way you aren't forcing yourself to don't spend Bitcoins, so you can buy stuff you like and move BTC market, but at same time you won't spend all your Bitcoins as it's very important to have a reserve for the future.

That idea really works,as much as possible don't spend too much, it's fine to enjoy what we earn in btc partially buying some stuffs and travelling but put limits and manage the spending. Saving btc for future or alloting more for future like having own car and house can make happen if you save now and wait for the big pump, plan it ahead of time than spend it on things that we not yet really need.

Well if you never spend your bitcoin you will never enjoy it. Like you said you don't need to spend a lot to reap the benefits of bitcoin and in the future you would be able to get even more benefits. I tend to spend a little bit each time bitcoin reaches a new threshold price so my assets are growing and I enjoy my earnings too.

I agree, if just earning for hold it and not sell some Bitcoin to FIAT, I will lost inspiration to working long-term. Need sometime to sell Bitcoin and use this money to buy some things you like or travel with family for relax. If you can do that, I am sure you will never feeling bored

[lionheart78]

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high

To save is a good way of increasing our income but always have a specific plan on when to cash out because that is the only way where you can benefit from your investment. In every venture especially in investing we should always thinking of minimizing the risk that is why we diversify and it is not advisable to put all your investment porfolio in crypto currency investment alone.

I agree  we should always have plans when to hold and when to spend bitcoins.  Holding and saving bitcoin is always a good to give us profit especially when the market is in the process of saturation since there will be adoption, demand and price increase.  But we should also know when to sell to book the maximum profit of our bitcoin holdings.  If we do not spend bitcoin at all then how can we enjoy the profit that is already in front of us.  Besides we are holding and saving bitcoin for the purpose of increasing our financial stability.

[Schuyler]

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high

To save is a good way of increasing our income but always have a specific plan on when to cash out because that is the only way where you can benefit from your investment. In every venture especially in investing we should always thinking of minimizing the risk that is why we diversify and it is not advisable to put all your investment porfolio in crypto currency investment alone.

It might also be good thing to reward yourself from time to time so as not to be burned out by continuously investing. Spending a small portion of your savings and cashing out investments for personal use can go a long way towards revitalizing you and giving you a fresh perspective in life. Just be careful with choosing what to spend on and continue to find ways to earn additional income, be it by way of bitcoin or thru other means possible.

[Hypnosis00]

I will just save it for long term and i will not spend it because it is not a good idea for me to just spend bitcoins to useless things while i can just hold it and let the value of it grow into a bigger amount that i can enjoy on the bigger things after a few years. I won't settle for small happiness because i want extra ordinary happiness like spending my bitcoins to buy a new sports car.

[Bakemat]

I will just save it for long term and i will not spend it because it is not a good idea for me to just spend bitcoins to useless things while i can just hold it and let the value of it grow into a bigger amount that i can enjoy on the bigger things after a few years. I won't settle for small happiness because i want extra ordinary happiness like spending my bitcoins to buy a new sports car.

I think it would always be a game of saving and the spending it at the right time. Saving it would carry a hope that its value may rise in time while not spending it right now may be a reason that its value may decrease. So o think it is always a gamble and for me, I'd always choose to spend some and save some.

[poplolnman]

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes, I agree with your opinion, saving bitcoin as an asset for the future is the right thing to do as we know now that the price is rising, bitcoin can be a long-term savings, and could be an investment to reap more profits, you can even Buy some other coins that can be sold when the price is high

To save is a good way of increasing our income but always have a specific plan on when to cash out because that is the only way where you can benefit from your investment. In every venture especially in investing we should always thinking of minimizing the risk that is why we diversify and it is not advisable to put all your investment porfolio in crypto currency investment alone.

It might also be good thing to reward yourself from time to time so as not to be burned out by continuously investing. Spending a small portion of your savings and cashing out investments for personal use can go a long way towards revitalizing you and giving you a fresh perspective in life. Just be careful with choosing what to spend on and continue to find ways to earn additional income, be it by way of bitcoin or thru other means possible.

yeah actually when you hold a lot of money , you would have a lot of problem to figure out what you gonna do then with the money. fist of all you guys need a real purpose a real target, i mean when you have a dream to get rich then by saving only you wouldn't reach that target. think about when you keep investing (growing) your money you would have a better chance to get what you want.

[Bunsomjelican]

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 ever I have a lot of bitcoin in my wallet address, the first thing that I am going to do is, I will keep and still hold it in a long term.
I will sell it only once it reach the high peak level of  price that I've been waiting for which is 10,000$

[Bagaji]

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!

Most time it is advisable to save only when you can run your day to day expenses and still left with some money in your wallet. If your current 2.1 bitcoin in your wallet is not to be used in running your day to day expenses, I will advise you to invest in altcoin or if you are afraid of investing it in crypto currency you can equally hold your bitcoin pending when the market value increase so as to make profit.

[mrayazgul]

Let us simplify things, you do not have a lot of Bitcoin, so you do not need to worry about it.  There is nothing in the balance that you have that can make your amount seem large here.  There is nothing that you can do with that amount that will be too awful either way. 

What OP is trying to say is "if", that means if time will come we will have a lot of bitcoin, what will we do then?
For me, I will surely invest by holding bitcoin because it is the best way so far to generate income, also I will put additional capital for trading to increase my earnings as a day trader.

The law of 50's is your best bet and that will give you plenty of time and resources to completely jack it all up and lose everything by the end of the year.  You guys are the fiber of our system, so please, make your best guesses and keep it going.

This is a good track that will slowly keep the block chain fed with the funds from you and 1000's of other that will ensure that our good trades keep moving. 
For me, keep moving the bitcoins, trade them and earn good money rather than just saving them.

[Tungsten-1]

If I have a bitcoin, I will use 20% for shopping and the rest to invest  

I think that is also a great idea that if you have alot of bitcoin, you will be use 20% of bitcoin for shopping and remaining all bitcoin you invest good idea . I think you invest your bitcoin in altcoin or save in wallet as a bitcoin investment because its price will be more high.

[wantjokull]

Well I would spend it for my needs. As I can earn more bitcoins with the time. :-) Its up to you what to do with your money. Bitcoin grows in timely manner is very much true but what's the use keeping it locked when you need it right now. You may wanna spend half and keep half of it to pop in the wallet so that you won't be in any ambiguous situation. Also don't forget to make investment in step by step manner and use your profits for spending on yourself which is why you earned it.

[tosmartak]

What I would do:
If I have lot of bitcoins, I will keep some in a cold storage and leave there while I start investing with the rest probably via trading. Whatever I make from this trading, is what I will be paying myself from and hoard some to save. I think that would wrap it up. I will also watch out for latest new and promising innovations with prospect to invest in for example TTT from bitotal.com is one of a good project to watch out for.