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

[SirLancelot]

If I have lots of bitcoin then I will spend some of them when necessary and rest I will save it for the future as bitcoin has great future ahead which will show us some high price of it so at that time we should not be short off coins and should have enough coins in wallet to enjoy higher profits.

The same thing here, i keep part of my bitcoins and i sell part of it.
It is not good to sell all because there is no possible way to know how much bitcoin will be worth in 5-10 years from now, maybe we are all holding fortune. If I don't need money i would hold them all.

Almost everyone will go with this option. This strategy is perfect if you are really lucky enough to have large number of bitcoins at present when prices are about to touch 5k dollars.

Bitcoins are best when saved for few months because in this way their prices increase very much whereas spending bitcoins is equal to losing opportunity of becoming richer in the near future.

[denny27]

It sounds so good to me, well if i have a lot of bitcoin, of course i will make it to be a saving for the future and partly i will spending it for something i need in everyday life. It's good if we have enough a lot of money but don't wasted it or thrown away in vain without thinking longer for the future.

[Mr.John19]

if i have a lot of bitcoin, 25% percentage of my bitcoin i will spend it for my bills in the internet and the maintenance and my daily needs. The  reaming 75% i will save it, if i have a emergency or if i needs a lots of money that the only ways to sell it, i will sell it if the equivalents of the bitcoin is higher price.. 

[bitcub]

If you have a huge number of Bitcoin. You should should hold it. People with very huge number of Bitcoin are called whales. If you are a whale, you can control the Bitcoin flow. You could move the price chart movements in your favor.

[Apened]

If you have a huge number of Bitcoin. You should should hold it. People with very huge number of Bitcoin are called whales. If you are a whale, you can control the Bitcoin flow. You could move the price chart movements in your favor.

Its possible but t if you only own about 10 % of total bitcoins amount but it was too expensive to have an a whale doesn't only focus on bitcoins he knows the risk and they spread their money over all some potential earnings that they can make in some markets.

[adzino]

If you have a lot, it's a really good option to invest in some really promising ICOs.. but also, when you invest your money, you need to be ready to lose some and you definitely shouldn't invest all your savings in it

Investing in ICOs is actually a bad idea. Most of the ICOs are just scam with pump and dump scheme only. You have higher risk of losing your investment, than holding it and making steady profit. Even though if you do invest on ICOs, make sure to do enough research before investing.

[Hasan986]

If I have a lot of bitcoin then first I will save it, because I know its value will increase. I'll spend it if I need it, I will not spend it if you do not need it.

[PokerFace3]

this thread is so basic.and your question is obvious.if you have to spend spend it:D but if you have money and you dont want to buy new BMW so keep it

You must obviously be a BMW fan. How about lambo? I always have this feeling that there is time for everything and with patience you can get a huge stability you deserve. One thing about spending stuff is that what ever you have can easily finish if you don't have your money working for you.

This has always been most entrepreneurs mindset as you can easily get a life balance with this. When you now have more than enough with more flowing in everyday to the point that going broke is not even in your dictionary, you can even buy a Jet.

[ronafurw]

If I can manage to gather 10 bitcoins then I will keep it till price reaches 10K. Will then sell half and wait for price to go even further.

This is a very good approach. I think it all depends on what you have in your mind. This is the point where your skillset and planning plays the role. I will suggest you to keep enough of Bitcoins and hold them for some time and spend the remaining Bitcoins in order to meet up your daily based needs. This will definitely work in some amazing manner.

[youngagethinker]

Hold, hold, hold. If you truly believe in this project, you should be thinking about what it would mean in the future. We want a future where we would all be using a decentralized currency free from government manipulation. Better have bitcoins before that time comes.

The beginning is always have the hardest and yet if we succeed we will have the last laugh.
This year is like a battle for the victory, a golden price at the mid of 2017 and after that a throwdown of China to crypto and now governments are ready to take up that part.
Japan, usa , Australia and it her countries are finding the solution on cryptocurrency markets. This is good for us to avoid fraud and scams. The technology is here and it's function to people is more than enough, and we, the part of the community that is pushing all of this must take this opportunity. It will be now or never.

[namorthesu]

In this case you can hold some amount of your bitcoin, because in the future I think the price can grow. Another part must work. The good way to have a good profit is trading. You can invest in different promising altcoins.

[sana54210]

If I have a lot of bitcoin in my wallet I will buy different kinds of altcoins so my bitcoin will grow and those altcoins once increase for sure I can make a profit. And if I have a lot of bitcoin while the price increasing i can make a lot of money. Even saving holding bitcoin also can make a lot of profit but you need to wait. For sure invest the half of that amount and save it the half also to make sure.

I have done what you write, but I am trying to develop more for multiple stream income. I bought some mining equipment and followed the pool for a monthly fee, how to keep the best asset is to keep it moving, so whatever the conditions, bitcoin income will continue to flow every day.

This is the way everyone should be thinking. Find ways you can invest with what you have into the bitcoin or crypto community and start generating more income for yourself through it.
The availability of bitcoin is to liberate us financially and it is now best and left for us to utilize it wisely for building ourselves an empire gradually. You can decide to blow it all at once and regret it when the price of 1 bitcoin is about $100,000

[Flowzer]

I think more profitable than you spend it. saving bitcoin makes you make money. because the price of the fluctuating bitcoin, you just keep the bitcoin in a long time. so that in the future you will get the money

[zidanw]

In this case you can hold some amount of your bitcoin, because in the future I think the price can grow. Another part must work. The good way to have a good profit is trading. You can invest in different promising altcoins.

Bitcoin prices will grow from day to day, but prices may fall if there are issues that negatively impact on bitcoin like last week. For altcoin i advise to trading and invest in ico project if you want to invest other than bitcoin.

[peterthegreat]

If one has a lot of Bitcoin then they should most definitely save it as it will only be growing in value over the upcoming years. I guess it'll peak in roughly 30 years when all the debt we have now has moved over.

[virtualkeybuyer]

You can do both. You must not treat Bitcoin like just an investment you must also trade it and promote ti for products like men and women utilized gold back again in the day.

Being the owner of so many Bitcoins, I think no one else than you can decide in a better way what to do of so many Bitcoins. I will suggest him to save as many Bitcoins as he can for as long as he can for having a very good amount of profit. The remaining few Bitcoins he can use for meeting his daily expenditures.

[loty1825]

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!

It's always better to hold any cryptocurrency than to spend it. In general the market will go up, so the longer you hold, the more profit you can expect and you will be able to buy more stuff for it. Remember that million dollar pizza guy years ago that bought the first ever pizza with bitcoin. It cost him 10,000 bitcoin if I recall correctly. Today he would be a millionare instead.

I doubt 50 cents worth of bitcoin can make you millionaire anytime in the future, but that's so little money I'm sure you can survive without spending it right now. Just hold it and in a few years time, you might be able to buy at least a pizza.

[natsu_koo]

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!

am i the only one that can't make sense of this question at all!
you say you have a lot of bitcoin then you say you have only 2.1BTC and then you continue with saying it is worth 50 cents!

are you sure you are not confusing bitcoin units? 2.1 bitcoin is worth $5200 and if you have this much prices never go up a few cents. you can see from these past few days price went down to $2200 and back up to $2500 that is a $630 change on 2.1BTC!

Its really doesn't make sense bruh. And also the question is already asked by other member of this forum over and over, try to make a new one.

[Aismabbs]

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.

In my own opinion it is depend upon the choice of every person but for me every person has it's own wants and needs and spending money is normal especially when you hard work for it it's necessary that we buy ourselves because it serves as our reward for our hard working but we should know our limits spending money is okay but we let's not forget to save for our future so that we don't regret in the near future. 

[Merovius]

If by "a lot" you mean really life-changing amounts of bitcoin like six figures or more in USD terms, then I would probably cash out some of it and convert it to other assets like precious metals, certain types of stocks that have "bottomed out" and are poised for major increases, and perhaps even other cryptocurrencies that are less valuable than bitcoin but still have the potential to return greater profits in percentage terms. Of course it doesn't hurt to hold some cash also just in case we have a deflationary collapse or even a natural disaster.

For amounts less than 100k USD, however, I would probably just save it, or "hodl" as they say...since the original poster was talking about amounts of bitcoin worth around 50 cents it would not make much sense to spend or cash out in this case.