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

[Harriti]

In my opinion, saving very important and I will use 30% Bitcoin for saving. Then 20% for use my life and 50% for spend to buying VGA or ASIC mining cryptocurrency, invest some altcoins have potential in long-term, buy Gold and House for business

[albert11]

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 you should spend some and save some of it, what's the sense of saving it if you're not going to spend it. Make sure to make your money move not just on your wallet, trade or invest your savings so that you'll earn a lot. If you have spare you can use it for your daily expenses too.

[CyberKuro]

If you want some suggestions, consider few things such as ;
- why you bought bitcoin in the first place?
- spend bitcoin for what purpose, buy goods/cover daily expenses?
- do you have any other source of income?
People who believe in bitcoin value in long term wouldn't spend bitcoin if still there is another option, same as what I've been doing all this time.

[gabbie2010]

Saving the bitcoin is the best alternative for me I will rather keep it till price increases appreciable then I can start spending but now I will rather keep on working hard so as to gather more bitcoin by trading it, the for spending it will surely come.

[logicgate]

If I had some bitcoin I would have made the repair of my house. Money is of little interest to me. I'll make money yet, but when you work in good conditions to make easier. I prefer to spend money to earn other money, and not expect the increase in prices of currency.

For me if I have a lot of money I will not spend it and save for long time because if I will save for two or five years I hope after some years later its price and value will be more increases to raise and more I think in future may be  bitcoin will become a fiat currency and we are uses bitcoin very easily.

[Superways]

If i have a lot of Bitcoin, i will spend some of it and save some of it. Like i would like to gamble from some it. Then i will invest it for trading. Moreover, i will wait for that time when the amount of bitcoin will increase and then sell it. 

Gambling with it is a bad idea as I know that it will let you face some trouble. It is also possible that you become addicted to gambling and then continue to spend more and more money on gambling and you do not have then remain any money and you then remain a poor person with nothing in hand.

[tabas]

I'll do both, spend and save it. I'll spend it for buying alt coins and will invest it there. And while some others will be put into buying of my needs and add some another minig rig. For the other half them I'm going to just save it to my cold storage.

[Ctn]

If I have lot of them then  I would spend them like crazy. A lot of bitcoins means billions of dollars for me which I won’t save for any reason. Of course I am earning money for y leisure and daily needs so why would I store them? I will buy all the stuff that dreamt of and will travel the world by converting all bitcoin into my fiat money.

[Intersan]

This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.

Yes, many in this forum have the same question regarding spending, holding, buying, selling and etc. It is depends on the situation and the price of bitcoin. It is pretty obvious that this two option is important if we have a bitcoin. If you save all your bitcoin, I think its not a good idea (don't put all eggs in one basket). Much better to spend the other (converted to local currency) to make sense the too much hardworking and spending of time.

[Sled]

This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.

Yes, many in this forum have the same question regarding spending, holding, buying, selling and etc. It is depends on the situation and the price of bitcoin. It is pretty obvious that this two option is important if we have a bitcoin. If you save all your bitcoin, I think its not a good idea (don't put all eggs in one basket). Much better to spend the other (converted to local currency) to make sense the too much hardworking and spending of time.

It is better to have secondary source of income and not only depending in bitcoin because in bitcoin it is not that stable or predictable that it will go for more years so it is best to have secondary source of income in real world like our own business to have a back up if something goes wrong online because in business we can earn the same amount or even higher amount than what we are earning in bitcoin.

[Conasse]

I would spend it because honestly i have bills to pay ect and it's not always funny when you're unemployed. so saving anything like money, bitcoin or others crypto is like a luxury for me

[lixer]

I would not consider having less than 20 BTC as a lot, but I would spend a part of them if I really had that much, to use it for what I want, because thats what Bitcoin is for anyways, to store your coins as an investment. Really depends on yourself (How greedy you are ) for when to save/spend, but if you are still starting out, I suggest save.

Oh! You are very generous I think of more than 300 bitcoins when I hear the word a lot. We know that there are whales who have quite a large number of bitcoins holding and they are holding it for a higher profit in the future. I will follow them and I will save them for around 3 years minimum to get as much profit from it as I can.

[DrGuns4Hands]

i rather save it than spend it because in spending i can't make a lots of money while saving it actually letting it to grow on its own because we all know that bitcoin price is not that stable and it is a decentralized currency where it will go ups and down that's why bitcoin is a really good start up to invest on . so i would advise to you that you should save it.

[amaral1977]

BTC is money. So you spend what you need for your everyday life, you save some. and you invest some. The invest part you invest the majority in low risk assets, and the rest in medium and high risk assets. This way you will keep enough to maintain you throughout life

[Cosbycoin]

Maybe i should save all of it, cause i have a feeling that my decision is right, i will give me 200x of profit after 2 to 3 years of holding it. But in case of emergency maybe i will convert just a little amount.

The 200x profit expectations are very high I think.
I will save them all and not spend them but I don’t expect such a huge profit from it. I think it will be giving me a 100x profit after two years if the other things remain the same. It could also lose its value if any other alt captures the market and do well than bitcoin.

[aqrulesms]

If the price of bitcoins is higher then I won't mind in spending some of them as you also need fiat for your basic stuffs as you cannot spend bitcoins anywhere at a moment so in that case I will sell some coins and get more amount of fiat in hands and rest I will save for the future hoping to sell them at even higher price.

[Seeker01]

If i have a lot of bitcoin i will spend the half of it to use for my basic needs and the other half is to save for my future purposes because saving more bitcoin today will surely help you builds your future spend some is not bad at all just make sure you still have bitcoin to look for.

[Mapagmahal]

I will save bitcoin if i have a lot of it because maybe in the future the price of the bitcoin will go up to $5000-$10000. I will only spend 25-50% of my total bitcoin and the rest will go to saving. I will invest some of it so it will grow too eventually.

[CataloniaFM]

Of course, bitcoin needs to be preserved no matter how many of them there are. It's silly to spend coins on unnecessary things and then realize that with them you could become even richer.

[Kemarit]

Of course, bitcoin needs to be preserved no matter how many of them there are. It's silly to spend coins on unnecessary things and then realize that with them you could become even richer.

At least a greater percentage of bitcoin should be as least saved for longer term so you can maximized profit. But if you need to sell some of it for whatever purpose, then so be it. Sometimes there are emergencies in our life than we need to tend it and if requires money, then I advise to sell, but not all of it. Just sell enough bitcoin to cover expenses for emergency. So that you still have left in you that you can saved for future use.