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

[phr0stbyt3]

It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

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[pungopete468]

It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

That's the right choice saving is better in compare to spending unless you are in need of money as price will achieve new heights in future so to make higher profits from it you should cultivate habit of saving it and if you are satisfied with the current price then you can sell some of it to make profits or else wait till it hits your target price.

[terbetet]

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 were you having such a great count of 2.1 BTC in my account, I will feel so blessed because it was really a big quantity of money in our current time so if I were given a chance to earn or to have such a great count, I will surely save the biggest percentage of it as possible since bitcoin was a fast growing currency, I am assured that in the future my money will cost more than enough to be possible on sustaining my future goals and purposes.

[francesyrus]

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 2.1 BTC I provably do this:

1.0 BTC I would save it for my families future
0.5 I'll use it for trading to buy and sell different altcoins
0.1 I'll donate it to my sons SPED school to be used my some special children for their therapy
0.25 for may parents and;
0.25 for my family ofcourse to buy stuff this holiday season and some local travel.

[crazycatwoman03]

It's better to save it some might not be able to control it but it's better if you hold it and sell it when you really think it's important or else if you are greedy about the current price just sell some just to satisfy yourself and the remaining no matter what happens try to save it

Maybe you are right, saving of bitcoin gives an additional profit but what if this crypto-currency was crash?

For me the best decision that I will do is to hold some of my bitcoin and the other was converted to fiat, then use it to a business to make sure another source of income. In this way we make sure our future, since bitcoin now has a good images and successful, give some time but don't forget your duty to the other job. Those job/business will help you to success.

[thet]

Save some portion of my earnings and spend atleast 20% of that since i have my job.

[meebs]

I was spending my bitcoins on gambling sites in the past when the price was too low but now I cannot afford to loose even a small amount of it in gambling as it takes really hard to earn even a small portion of bitcoins so now even if I have lots of bitcoins I will prefer to save it for long term to make bigger profits from it by selling when price will hit the moon.

[ramsdaj28]

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 you have some bitcoins, it doesn't mean that you'll always profit in the course of time, especially in investing in cryptocurrency. Do not expect that if you deposit or dump your money in your wallet, your money will grow without doing anything. The change in price also depends on the wallet that you are using, since each wallet supports different exchange sites, and each exchange site has different exchange rate for each cryptocurrency. You can either save your money if you have bigger plan in the future, or spend it if you badly need it now. But if you really want your money to grow (especially if you have more than 1 BTC), try investing in trading sites, and do the risk on your own.

[fullhdpixel]

Spend it when we need it, if don't  have  any need then save it for later. We don't  know the fate and bitcoing to where, is it going up or going down. I prefer save it and collect more until time to spend it when i need to spend the bitcoin.

I will also go for saving bitcoin until and unless I am in desperate need of money. It sir not recommended at the moment selling off bitcoin because it has not yet bloomed at peak. To enjoy the unbelievable profits from bitcoin, we need to be patient with bitcoin and save them in wallet as long as we can because they are perfect for secure future.

[PizzaBTC]

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.

That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.

Saving is better than spending but it should not be like saving and saving. You are ruining your present day for better future, I don’t agree with this. There must be a stable division between your expenses and investments. You are doing so well if you are dividing your investment in saving plus spending. Everything should be on this formula, life is set.

[Xester]

Having a lot of bitcoin is a very good investment what i will do if i have so many i will encash some of them so that i could use in my daily expenses and the remaining i would save to be able to gain more profit in the coming years. With saving it i could still expect income coming from the value of bitcoin.

That is the same thing that I do. If I get a big amount of bitcoin then I divide that amount in to different parts for different purposes. Like most important part is saving, then I spare some for trading and rest I use for my daily use. Our thoughts are same.

Saving is better than spending but it should not be like saving and saving. You are ruining your present day for better future, I don’t agree with this. There must be a stable division between your expenses and investments. You are doing so well if you are dividing your investment in saving plus spending. Everything should be on this formula, life is set.

Well, it does not have to be saving and saving, because you do not know how long you will live.  In any case since the question said that if we have a "lot" of bitcoins, then I will just spend part of it.  Let us say 40% of it will be spent.  Since we are all here because of money.  We are all here because we want to have a comfortable life.  We are here to earn and have money.  So basically, we are here for bitcoins to be spent.  But of course we must be wise.  I will keep the remaining bitcoin to secure my future and that of my family.

[Nahl]

bitcoin has provide huge profit for those who save it for long term purposse even i saw in this forum some people had huge profit from their patience to hold bitcoin for months or for years but if some people have huge amount of bitcoin i think is not wise act if keep them idle into their wallet because with bitcoin there are several opportunity to makes money such as trading and separated it 50% for long term investment and 50% for capital amount to starting trading from their asset will be good rather than let them all idle

[IAMYOURLEADER]

The smartest thing to do right now with bitcoin is to save it. I know everyone will agree with me because we all have the same goal which is for btc to reach an all time high that is $10k or more than that. It's just unreasonable for me to use btc to buy things which I can buy using fiat.

[JakeRTFM]

Two option :
1) Keep It
2) Spend it to get more BTC.

Today, only a few people use bitcoin. Only a few have some bitcoin. And only a few spend it to buy stuff or invest...
Do your neighbors have some bitcoin ? Do they use it ?
No ? ==> Not yet ! So when more people will use it, when more people will have some ... the value will increase.

[grayhound]

Having a lot of bitcoin is overwhelming i would invest part of it for a long term plan for me to be able to generate profit in ten years time. Some i would spend and i will the things that i needed and i wanted and will share it with my love ones.

[crazycatwoman03]

Having a lot of bitcoin is overwhelming i would invest part of it for a long term plan for me to be able to generate profit in ten years time. Some i would spend and i will the things that i needed and i wanted and will share it with my love ones.

Yeah it would be a smart move to invest your bitcoin if you have lots of it. Investing sounds scary because you know that you will be risking your money but I think that it is worth the try. If I have lots of bitcoin, I would use some of it to have a business that I know I will have a long-time benefit. Here in our place, we lack in infrastructures that will efficiently accommodate the town visitors so I am thinking of investing in a hotel that will serve the best foods in town and give the best service. Investing in businesses will surely give us something to hold on for a long time and if we succeed, we might expand the business to branches for more profit.

[pavelkdr]

I consider that bitcoin should be terrified to conserve as extended as achievable, irrespective of how a lot of it is. The currency is expanding quite rapidly and delivers a amazing profit. The far more cash there are, the a lot more earnings there will be in the future.

[jakoylantern]

For me if I have lot of bitcoin I should save it. Save the 75% for the future and use it to achieve my goals and use the 20% for my daily needs, to pay the bills, and for that other financial problem. Use the other 5% for fun and relaxing.

[just_Alice]

If I have a lot of bitcoin, then I will make the bitcoin as a capital for trading, and the profit I get from trading I spend to buy the things I want, so my bitcoin is not reduced and I can still have fun with the profit gained from the bitcoin

Theoretically you are right, but in practice how can you be so sure you will make money with trading? Trading is a risky business and you may also lose a lot if you don't know how to do it properly or, even if you know, just because of bad luck.

I'd recommend to OP to save as much as you can afford and to spend only what you really need to spend.

At least trading does not always rely on luck as in gambling, if indeed he is able to adapt to market analysis then he will be able to balance the balance and cash flow of the existing fluctuations. If it's just storing bitcoin, it will not be more profitable unless you keep actively moving in the campaign or anything else. If we are still able to struggle, it is appropriate to keep capital moving and gain a double advantage, risk is something that must be understood, not to be avoided.

To an extent I can understand taking risks when there's no way to make money otherwise. But why risk when having bitcoin? It has been proven that one can make good profits from just holding their BTC, especially when you have a lot of it, like OP said in the topic question. IMO it's better to avoid risk when it's possible, and when someone has a lot of BTC he's definitely not in a situation when risk is necessary.

[derdk]

both is important.
spend for our stuff that make us more convidence in world is good, but not spend all your coin, just for needs
saving is important too, for our future. if i have, i will invest in bank for long time