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

[Astvile]

If i were to have a big or even small amount of bitcoin i would preffer it and i will save and spend at the same time,save enough money for future and spend some for entertainment or essential things needed in my daily life

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[Gheka]

If i were to have a big or even small amount of bitcoin i would preffer it and i will save and spend at the same time,save enough money for future and spend some for entertainment or essential things needed in my daily life

I think you can use the cash to spend on entertainment or the necessities of everyday life instead of bitcoin because the price of bitcoin will increase in the future and spending bitcoin in the present moment is a waste of your profits in the future, spend it for personal purposes is not a good idea. Better that we should save and spend Bitcoins for investment would be more reasonable, that will help us earn more bitcoins and make our lives richer, but investment will be risky, so be careful.

[rickadone]

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 is similar to some questions here but if you dont want to spend just hold it for a long time surely you will make a good profit on it in the future and if you decide to invest it is much better if you split it and make savings and the amount you want to risk that you can afford whenever it loss or earn.

There are some project that has run by the worst dev, i remember one of them are bitcad, and in this time the project has turned to be the scam project that already scammed a lot of person. To investing our money will be involved a high risk.

Spending it in investments is extremely dumb.

Bitcoin is a currency.  When you need to buy something with it or you have a good opportunity to spend it, do so.  It's good for the merchants that accept it.

Otherwise, just hold it for longer.

It is agreed that for investing and making huge profits a huge capital is needed. But everyone does not possess huge amounts of money for investing. But bitcoin is the easiest way to earn profits since it increases its value every day. Since it started 8 years ago it was only a few dollars but know it is worth thousands of dollars.

So, even small scale investors can earn considerable profits. Bitcoin also provide you different platform so that’s why everyone adore to go for bitcoin.

[BarbieCasino]

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.

having bitcoin with you can help you today and tomorrow it’s a kind of saving and can help you for your coming days. So if someone have bitcoin and he can keep it save then he should save it half and half should invest for more profit because the price of bitcoin increase each and every day .

[Jako0203]

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!

yes it will grow , you should save it , but now i dont think its a good idea because there will be interruption in bitcoin this august 1 , but you did a great job , you save 13 cents , yes before the price of bitcoin slowly increases thats why

[pitiflin]

If the question is stating about a lot of Bitcoin, well most of the people who possess knowledge on bitcoin would save like say about 20-50% of their earnings in Bitcoin and invest the rest in like trading or any other possible way to earn a reasonable profit or maybe even they spend bitcoin for their necessities.

[Aikidoka]

If you are in need of money to do something big, spend 1 bitcoin and save the other 1. If you don't need money, save your bitcoin and wait for the bitcoin price to grow. If it grows, you will have lots of money in your hands, if it decreases, you will have nothing to lose (if you do not spend your bitcoin). But either way, save as much as you can before you regret it because I believe that the bitcoin price will increase in the near future and good luck.

[Eclipse26]

If I have lot of bitcoin in my wallet then I won't hesitate in spending some of them when I am in need of money and most of them I will  save for the future and use of them in trade and investment to grow my bitcoins in long term so even if I spend them sometimes I always have an chance to recover them back by investing them in trading.

Me if I have a lot of bitcoin im going to balanced it. Half for spending and half for saving. Ill spend some of it for the things that I want to biy and to have in my life. And im going to saved or keeped the half of it for my future.

[Fatunad]

If you are in need of money to do something big, spend 1 bitcoin and save the other 1. If you don't need money, save your bitcoin and wait for the bitcoin price to grow. If it grows, you will have lots of money in your hands, if it decreases, you will have nothing to lose (if you do not spend your bitcoin). But either way, save as much as you can before you regret it because I believe that the bitcoin price will increase in the near future and good luck.

If you are in need of money then its not bad to use up your bitcoin since its really a good source of back up funds when you are in need of money but if you do have a fiat money on your own pocket then its ideal to save those bitcoins rather than spending it since we do know prices do might increase in near future and we will surely make use of that later on but for now i dont have much bitcoin on reality thats why i do try my best to accumulate as much as i can.

[Clavulanic]

If you are in need of money to do something big, spend 1 bitcoin and save the other 1. If you don't need money, save your bitcoin and wait for the bitcoin price to grow. If it grows, you will have lots of money in your hands, if it decreases, you will have nothing to lose (if you do not spend your bitcoin). But either way, save as much as you can before you regret it because I believe that the bitcoin price will increase in the near future and good luck.

Thinking about an easy money here is an easy thing to do but having a lot of money like planning to spending it to something not important, saving should be a good way to do. But what's the purpose of having that money for good without spending it for your important things that you desire, so you have to exchange a part of your bitcoin equivalent to your fiat cash needs. The rest of the remaining balances of your money must be saved to your wallet for holding investments, or else you can buy coin alternative with higher profit potential sells in the future. You must be doing that in either ways because if you spend the rest of your bitcoin, I think it will not gain good results in the future.

[linyhan]

I will spend half of my bitcoins and the other half at the bank. ,i will live like theres no tommorrow. Im gonna travel into different places everyday together with family.

[Proton2233]

I have no doubt that bitcoin price will grow and at the end of summer we will see the price about 3000 dollars per bitcoin. We have already seen almost the price at the end of may. Now accumulated pent-up demand and we will see a big jump up.

[kpcian]

if I had a lot of bitcoin then I would save two third of my bitcoin, I love taking a risk regarding earning money so that I would preserve some bitcoin for the future purpose. I know and I believe that the value of bitcoin will increase at an increasing rate so it will not a loss project for me if I will save the major portion of bitcoin.

[prtty2gal2]

If you have a lot of coins (more than BTC100), then I believe that there is no harm in spending a few of them. May be you should spend 10% or 20% and enjoy yourself by taking vacations to Maldives or Bali. Also, you can convert a part of the BTC holdings in to fiat and diversify your portfolio by investing in equities, real estate or bullion.

Yes I agree with you.  If you have a lot of bitcoins for me it is okay to spend some of it.  Just to feel and taste the fruit of your labor.  By doing that you will becoming more inspired on earning more.  Plus you could always try to invest on something alongside with bitcoins.

It depends on ones situation whether to retain or sell when it comes to any assets or currency including bitcoin. Bitcoin's value has been increasing daily so a little can always provide a big fruit.
It should also be kept in mind that bitcoin has the tendency to drastically increase few hundred dollars in a couple of hours.

[carlisle1]

if I had a lot of bitcoin then I would save two third of my bitcoin, I love taking a risk regarding earning money so that I would preserve some bitcoin for the future purpose. I know and I believe that the value of bitcoin will increase at an increasing rate so it will not a loss project for me if I will save the major portion of bitcoin.

that's how most of us thinks about bitcoin we are all here believing that this project will bring fortune to all of us and with the way it is
I'm seeing more and more rise will happen now that its almost reaching main stream and interest coming from different nations are
beginning to show up this investment will really bring  big for everyone.

[barbara44]

There isn't a lot of new supply coming in. That's because mining has become really hard. I would suggest to save the coins or invest in altcoins.

Bitcoins work like any other currency that is they are rotated throughout the online market. So, there can never be any such shortage since they can be earned by mining as well. Crypto currency is taking the internet by storm including bitcoin so there is highly any chance of a shortage. If there is become a shortage then they improve the system for a while to make it more possible to store more as much as you can.

[megynacuna]

There isn't a lot of new supply coming in. That's because mining has become really hard. I would suggest to save the coins or invest in altcoins.

Bitcoins work like any other currency that is they are rotated throughout the online market. So, there can never be any such shortage since they can be earned by mining as well. Crypto currency is taking the internet by storm including bitcoin so there is highly any chance of a shortage. If there is become a shortage then they improve the system for a while to make it more possible to store more as much as you can.

Bitcoin just like other Altcoins have a limit of tokens supply and so eventually there can be a shortage of them when all are mined or sold. The supply on the trading market is different from the actual supply of bitcoins that was created and made available to mine, buy or earn so we shouldn't confuse the two.

[Tamilson]

If you are in need of money to do something big, spend 1 bitcoin and save the other 1. If you don't need money, save your bitcoin and wait for the bitcoin price to grow. If it grows, you will have lots of money in your hands, if it decreases, you will have nothing to lose (if you do not spend your bitcoin). But either way, save as much as you can before you regret it because I believe that the bitcoin price will increase in the near future and good luck.

Don't spend when its not necessary.
like when you didn't need money or its not really emergency better save your bitcoin, you might as well be needed in the future. For sure it will have a really good value.

[wallstone]

I will just save it. Hold it long term. As long as there's no reason for me to spend it, I will keep on saving it. I know that your hand is getting itchy and you want to spend all of your money at once. You might want to even buy the things that you wanted for so long. Sure, you can do that. But you will regret it later when the price of bitcoin starts to increase. You will think to yourself, "I could have bought better gadgets if I cashed out now instead."

It's always a good thing to travel, buy things that you want, or do whatever you want with your money. But I wouldn't do that with my bitcoins. I'm always thinking that if I had cash instead, I will recklessly spend it because I don't have to think about the value of the money that I'm using to increase in the future.

With that, what I do is that I cash out 0.1BTC worth of cash whenever there's a major price increase. Just so I can buy the things and foods that I want every now and then. I don't want to just keep on earning and saving and ending up never getting to use the money that I spent a lot of time on to earn.

Indeed. If I have lot bitcoin in my online wallet I would rather to save or hold than to spend it because I know that the price of bitcoin will increase in the near future. In addition to that, it’s better to save it than to sell it and if you want to become billionaire in the future i think you should save your bitcoin. Lastly, I think I will invest a few amount of bitcoin in trading sites to gain more income.

[HarleyQuinn9876]

Currently in my wallet I have very little bitcoin. So I will save it. I will accumulate it into large sums. When I have enough money, I only use it when I need to fold, and still save it. Until the large amount of money I would think of spending, spending large sums: like buying a house, traveling