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

[Finestream]

Bitcoin users already know that bitcoin is a very useful crypto and they will definitely save it well, spending bitcoin only for something urgent is my choice, because how also bitcoin will have a very high value in the future.

I think we should all know that we are holding bitcoin who just increase it's value this year with a good rate, some think this is a greatest investment so far therefore we also have to consider that. Of course as I supported bitcoin I also have mine for long term investment and just like smart people I would not spend if I don't need to, meaning I'll be more cautious on spending and spend only mostly on my needs.

[traderethereum]

i think it will better if we are save it and just hold our bitcoin rather than spend it because if we want to sell in high price then we need to waiting until the price is increase into the price we want. but if we are in emergency situations that we really need money then we can exchange our bitcoin and then we can use the money for what we need.

[momizel]

It actually depends on your current status. Well if you are earning bitcoin for a living, the you will most likely spend it for your necessities. However of you have other sources of income, and earning bitcoin is one of them or just for extra earnings, it's better to save it for future use.

[Fatunad]

i think it will better if we are save it and just hold our bitcoin rather than spend it because if we want to sell in high price then we need to waiting until the price is increase into the price we want. but if we are in emergency situations that we really need money then we can exchange our bitcoin and then we can use the money for what we need.

If you are really solely targeting on having just a savings for emergency purposes on bitcoin then its still a good choice but if we do have time or chance on making more bitcoins then we should do it.Saving it together with investing is really good combination which you can really extent on your savings and at the same time you are earning more knowing bitcoin do really increase its value as the years pass by.

[ArrogantPeacock]

you should probably do a mix of both... spend some, keep some

how much you keep and spend depends on your risk appetite, but it's a normal practice in the "finance world"

Google, Apple executives etc. liquidate a portion of their holdings to manage risk accordingly

[mel1978]

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!

There are many people who said how they wished, they did not withdraw their bitcoins from their wallet a few years back , if they only know what happen to the price of bitcoin, which is getting higher and higher, they would invest much. I myself, feel this because I was one to have such bitcoins in my wallet. So it is much better to store bitcoins in the wallet and leave it for long time.

[Eternu]

i think it will better if we are save it and just hold our bitcoin rather than spend it because if we want to sell in high price then we need to waiting until the price is increase into the price we want. but if we are in emergency situations that we really need money then we can exchange our bitcoin and then we can use the money for what we need.

If you are really solely targeting on having just a savings for emergency purposes on bitcoin then its still a good choice but if we do have time or chance on making more bitcoins then we should do it.Saving it together with investing is really good combination which you can really extent on your savings and at the same time you are earning more knowing bitcoin do really increase its value as the years pass by.

Yes i agree with you. Saving your bitcoins and trading for more would be better option, which at the end would bring you more and more money. If someone is in position to make more money, i think they should do it. I understand that trading can be difficult for some people, but they should really learn how to do it, because at the end they will profit from it. Holding is good too, because price of bitcoin is still rising, but not as good as trading and holding.

[Sled]

i think it will better if we are save it and just hold our bitcoin rather than spend it because if we want to sell in high price then we need to waiting until the price is increase into the price we want. but if we are in emergency situations that we really need money then we can exchange our bitcoin and then we can use the money for what we need.

If you are really solely targeting on having just a savings for emergency purposes on bitcoin then its still a good choice but if we do have time or chance on making more bitcoins then we should do it.Saving it together with investing is really good combination which you can really extent on your savings and at the same time you are earning more knowing bitcoin do really increase its value as the years pass by.

Yes i agree with you. Saving your bitcoins and trading for more would be better option, which at the end would bring you more and more money. If someone is in position to make more money, i think they should do it. I understand that trading can be difficult for some people, but they should really learn how to do it, because at the end they will profit from it. Holding is good too, because price of bitcoin is still rising, but not as good as trading and holding.

Trading and holding is the best combination for a serious bitcoin user because in trading he will be able to make more bitcoin and grow the amount of bitcoin that he currently have and even he will cut some bitcoin from his current balance then it is still okay because he can re-gain those cut amounts of bitcoin or even double the amount of bitcoin that he cut.

[BossMacko]

With the current price today if i have a lot of Bitcoin then what i am going to do is use the 70% of that to cash out, buy new gadgets especially laptop then go on a vacation so that even if i am on vacation i can still use the 30% of the Bitcoin using my laptop.

[DonPakito]

It depends on what you want to do. If you want to make fast profit than it is better to sell them and buy some altcoins. If you want to take some long run, than just keep them and get some big profit after an year or two

If i have a lot bitcoin what should  i do spend it or save it. For me both for example i have 10 bitcoin 20% is will sell it or spend and the 80% of my bitcoin is for my saving. I save more money or percent of my bitcoin because i will wait for the increase of value of bitcoin and i will use it for investment and trading on that strategy i will get more profit.

[Gotomoon]

It depends on what you want to do. If you want to make fast profit than it is better to sell them and buy some altcoins. If you want to take some long run, than just keep them and get some big profit after an year or two

If i have a lot bitcoin what should  i do spend it or save it. For me both for example i have 10 bitcoin 20% is will sell it or spend and the 80% of my bitcoin is for my saving. I save more money or percent of my bitcoin because i will wait for the increase of value of bitcoin and i will use it for investment and trading on that strategy i will get more profit.

Yes it depends, if I have a lot of btc I would save half of my btc for a long term investment. And half of it spending to invest of buying altcoins that has a low price which offer a return of income.

[Williamsss]

i will be smart and made exchange site then wait tillprice down  buy many btc  wait till up  then sell it

[bn88]

The best thing to do now is earn as much bitcoin as you can cause Bitcoin gonna raise up price soon, maybe 10k$ in 2018? Who know? But the only thing we know Bitcoin is our future!

[rickadone]

My answer of whether to spend or save bitcoin would depend on my needs. If I have everything well covered for, then I would rather save it. But if I am in need, I would not hesitate to sell and spend the earnings. Afterall, it  is exactly the reason why I am saving in the first place - to have backup funds in times of need.

Yes, all depends on the needs and financial status of the holder. If you have no need of money on urgent basis, then there is no need to waste your precious coins.
You can hold on to them for longer time and get richer without doing any hard task. I will never ever sell my bitcoins without any emergency.

[Emworks]

Im assume what the Op means about A LOT are worth to Millions. , I will gradually turn my 100% bitcoin profit into cash were i can spend it wisely and save the rest directly to bank RATHER than holding it again for a long period of time while waiting for another skyrocket price hike.

[Forhadm]

If i had a lot of bitcoin then i should save it and also should tread it.  because when i get a lot of bitcoin then if i do tread to this bitcoin after that i will earn square to lot of more bitcoin. so i want to say if i had a lot of bitcoin i should save it.

[Tyrantt]

If I were to be holding some larger amount of btc, about 10+.. I'd be saving them of course, but would sell a small portion here and there or once a month for bills or for whatever is needed.

[gokudera]

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 you have a lot of bitcoin, you should make sure that every decision you make is wise and careful. Many are aiming to have a lot of bitcoin but it depends on a person whether he will save it or spend it. If you think the value of bitcoin will still rise, then you should be patient and wait for the price until it reaches your satisfaction. If you are not that fond of waiting, then you can go sell your bitcoin and spend it but be ready for the regret you might feel.

[Hawkers7]

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!

I will spend some if it but i will save or invest the remaining. It is because if you just spend all of it, nothing will remain to you. You will start earning again through small amounts. But if you save half or some if your bitcoins and invest it, you will have continuos generation of bitcoin. Just be wise managing your own bitcoin.

[energycom]

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 you have a lot of bitcoin, you should make sure that every decision you make is wise and careful. Many are aiming to have a lot of bitcoin but it depends on a person whether he will save it or spend it. If you think the value of bitcoin will still rise, then you should be patient and wait for the price until it reaches your satisfaction. If you are not that fond of waiting, then you can go sell your bitcoin and spend it but be ready for the regret you might feel.

Don't wastes your time with cents and small amount of bitcoin. Try to buy at least $500 equivalent bitcoin with fiat money and then put it into an exchange to get started in altcoin trade. Trade calmly altcoins and this will provide you good income, possibly.

Holding is not a good idea if you have a few bitcoin.