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

[DpremiumTrades]

save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.

[Sled]

save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.

Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.

[mothergodness]

I'm a physicist and I can say that there is a famous principle in physics, that can be followen in the real life, also when it comes to bitcoin. This principle says that a quantity less that 1/10 (or 0.1) from the total quantity can be neglected. So my advice for you is to spend 1/10 from the total increase in value while keeping the remaining 9/10. This will be sufficient for your wealth to be guaranteed.

Yes, this is a good scheme. It is stupid to keep coins permanently and not to use even a little profit for your needs. You need to spend a small part on yourself to enjoy profit.

[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!

If I have many bitcoins I will spend some but most of it I will save for my future because bitcoin price is getting higher so we have the chance to be rich someday if we hold it.

[Theb]

save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.

Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.

And what is your point on dividing your Bitcoin into two on for saving and one for spending? I guess that this suggestion is to vague to even answer anything, what I mean about that is you did not even giver the percentage of what you will save and what you will spend, also you did not give the reason why do you even have to divide in the first place. I would like to say that the best thing is to save all of your Bitcoin position as much as you can and only spend it as a last resort if you don't have any money left.

[noictib]

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!

The best thing for you to hold in your wallet because holding bitcoin for long term is a better way to make money .But if you are not happy to make slow profit then my suggestion for you to trade with this coin .
I mean to say that you can use it to buy another altcoins and then sell for btc at high rate .
In this field numbers of the coins are available to buy but also few of them are better for long term .
Like you can buy bch ( bitcoin cash) , ETH ( Etherium coin ) , ETC ( Etherium classic ) , DGB ( Digibyte coin ) , SC ( sia coin ) , BSD coin .
These are those coins which are better to buy currently and you can make profit probably in 4-5 months easily by 40-50% easily .
And if you want still want make profit then make investment in small small amounts in different different sites like bitconnect.co  cryptoinbox.com ( since these are not legit site , paying currently but will be scam once surely ) .

[mornabo]

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.

I think depend your case when decided spend or save our Bitcoin.
You have to remember, the potential of Bitcoin is unknown, because it created by the faith in Bitcoin community.
The faith can be changes anytime, of course in someday this faith can changes to other cryptocurrency or asset is possible.

so do you mean the future of bitcoin is still uncertain or vague? what about the millions of bitcoin users who already trust and invest in bitcoin, especially with the continuing arrival of new bitcoin users? I think it will be difficult for other cryptocurrencies to dominate because bitcoins have a strong base. I still believe in bitcoin and will continue to keep it

[palle11]

Yeah , bitcoin has come along way and still going strong but not is impossible. Impossibilities makes life what it is. Ethereum and other promising crytos are really giving a fight.

[Wintersoldier]

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.

In some cases we tend to spend our Bitcoin in terms of transaction, payments or even in necessary things. Yet we should look for a better way for us to used our Bitcoins. If we will look ways for us to earn one of the nest option is on holding , investments and trading that could actually help us to earn more and to gain more profit compare on just spending our Bitcoin on unnecessary things.

[Rhaizan]

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 i have a bitcoin i will save it, we all know that the price of bitcoin is constantly rising so we just wait for the right opportunity to sell it.

[Paid Piper]

save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.

Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.

yes that is right that long term investment is always good. i think those people who are holding bitcoin for last few years now they are millionaire and still if they are holding their bitcoins then they can still make a good profit because bitcoin price is still increasing and i am sure that it will even increasing their profit more and more in next few years, therefore i think still there are some investors who are holding their bitcoin even now.

[DpremiumTrades]

save it, wait for it to increase.

[Akash1243]

Of course saving it would be the most logically thing to do as bitcoin's market  is volatile and unstable therefore it's price maybe became many times what it is today on future so saving is the most profitable way to use bitcoins.Bitcoins are great long term based investment in which you should have patience and fairy in bitcoins that it will rise.

[bncbnc]

Of course saving it would be the most logically thing to do as bitcoin's market  is volatile and unstable therefore it's price maybe became many times what it is today on future so saving is the most profitable way to use bitcoins.Bitcoins are great long term based investment in which you should have patience and fairy in bitcoins that it will rise.

i think yes saving is the best option, and specially when we are much confident about the increase in the price of bitcoin, but i think that if you feel the need to spend some bitcoins then you should go for that, because we earn money to spend it and if we are only keep it and saving it then there is no use of it to save it, then no need to increase our assets.

[Mpamaegbu]

save it, it'll grow more since its like you invested money with growing interest, the best is to keep it for a long period of time.

Just save a few bitcoins on a hardware wallet for assurance of long term investment and spend the rest and i am not pointing about spending it to the things that you like, i am pointing about spending bitcoin to investments like altcoins because it is good to have some more cryptocurrencies as your back up for your investment in bitcoin.

You raised a valid pont in your argument but permit me to disagree with you on the bolded part. We tend to always think that bitcoin will forever continue to rise in price perpetually. Remember that life is full of ups and downs and that nothing in life is so certain that it can be doubted. The price of Bitcoin can crash tomorrow or bitcoin faces the China issue and be outlawed like the ICOs are now. If that happens, that means all investments in bitcoin will become worthless.

save it, wait for it to increase.

I sincerely hope you have got your shock absorber on so that when the price comes plunging you won't break a neck.

[Black Angel]

I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

[romeitaly]

I think if I would have a lot of bitcoin, I would save it first because there's a possibility that the value of bitcoin will grow bigger and it will be better if you would cash out only the value you needed so the others will have a possibility to be bigger. If you prefer spending, then you won't have the chance to get bigger amount of bitcoins.
 

[dark08]

I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue

[GeniusAko]

I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue

Yeah it seems that you are right because it is better to save our bitcoins to spend it. We can see the good progress of the bitcoin in the cryptocurrency world and I can say that the bitcoin is really good for investment. I predict that the bitcoin will become more valuable than before.

[Sled]

I'll save it, because I think the $ 4000 price is so cheap, ideally the bitcoin price is $ 10,000 and I'm sure the 10k price will not happen soon. be patient and keep buying is better than spend it.

Yes it's better to hold your bitcoin don't spend too much bitcoin it's good to cash out only a small amount or build your own business if you have a lot bitcoin like what I'm doing I build my own business (computer shop) and I'm very thankful that I found bitcoin. I believe bitcoin can reach 5000$ again no doubt that because a lot of country are now accepting and legalized the bitcoin so patient is a virtue

Yeah it seems that you are right because it is better to save our bitcoins to spend it. We can see the good progress of the bitcoin in the cryptocurrency world and I can say that the bitcoin is really good for investment. I predict that the bitcoin will become more valuable than before.

Bitcoin will become more valuable in the future because it is now getting better and better and a lot of people are now using bitcoin because they also realized that this is a great opportunity to grab and they don't want to lose the opportunity and that is what their mindset is so the demand is expected to go up and the price will also going to pump in the future.