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

[Somail12]

i will keep my bitcoin until it become 10k dollar per bitcoin. Maybe i am millionaire by that time and hopefully it will be soon.

[1714615696]

1714615696

[HAARP]

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

As long as I don't need urgent cash, I don't spend bitcoins on daily things.

Saving it much more important for the possible rise of BTC.

[thisappointed]

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

As long as I don't need urgent cash, I don't spend bitcoins on daily things.

Saving it much more important for the possible rise of BTC.

Well if you would have a lot of bitcoin then the best thing to do would be probably spending half of it and make a business so whenever either of them goes bad then you can earn it back on the other one. But yeah, saving it whatever happens would be a good thing to do but having a second choices would be better and yeah,  it's better to spend only whenever you need it for urgent matter either if the price is so low.

[futuret]

I would save it at this time. Unless you ofcourse need the money, you use it ofcourse.

It is very good to save and you will be very proud for you’re this decision. A lot of people are using the bitcoin and they are getting the high profit for saving the bitcoin for the long time. It is the time to invest more and save more because the price and the value of the bitcoin are now still at growing so in the future it will be higher.

[RABIA ANAM]

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.

If I have a lot of bitcoin then definintly I have more option,  I will spend some bitcoin and will also save a lot of it, because I am sure about the price of bitcoin that it will continue increasing for a long long time.

[BitcoinMarketer39]

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!

Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs.  Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.

[Livictere1958]

if have alot of bitcoin, i will invest the earnings i get to acquire new smartphone. So, bitcoin i have continues to be intact and can keep on to exist for me to use for a lot more profit.

[ASICHEAD]

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!

Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs.  Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.

You can join to Bitcoin signature campaign in services board, not only bounty campaign can gives you Bitcoin through work. Bounty campaign always has high risk and you will see many scammer want to scam your work after all if they not is a trusted member.

[bitgolden]

If i have a lot of bitcoin, i will spend it on my important needs especially for payments of billings. You will make decision or choices were to use your bitcoin, you save it or you better spend it but think of it first that only in the important things should be spend. I should spend it especially in emergency case, and for daily needs. But the best is you better save it so that you have a bright future someday, and you can earn profit.

Indeed storing bitcoin is the best way of making money with bitcoin without any risk and loss. The prices of bitcoin keep on changing and the crypto market is a name of pumps and dumps so the bitcoin also keep increasing in prices. Those who kept holding bitcoin few years back are now millionaires. I agree with you that soon bitcoin will become the most expensive asset of the world and everyone won’t be able to have them.

[Visbay]

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.

Yes you are right when I have too many bitcoins so definitely will use some of bitcoins for my daily expanse and the rest of I will keep save because everyone have a target in life and I have also a target that when the price go high so I will sell all my bitcoins and I will start my business and I am sure bitcoin is the only hope which bring my dreams true.

[Lubang Bawah]

I can not wait to buy a new car, I hope this week the price will reach $ 5000 and I will sell some BTC, if the price has not reached $ 5000 then I will sell but not much.

[Finestream]

I can not wait to buy a new car, I hope this week the price will reach $ 5000 and I will sell some BTC, if the price has not reached $ 5000 then I will sell but not much.

I guess your plan on buying a car is about to come true, there is no stopping now, the price of bitcoin will continue to skyrocket and once again will make an all time high. That's a good way of rewarding yourself, I am also thinking of rewarding myself but maybe a new house would make me happy. Unfortunately, I still cannot buy a new house with only $5,000 price on bitcoin, I need to see it like $20,000 and I hope by next year it will happen.

[ThunderCatSteve]

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

Different people have different thought and ideas about the future and especially about bitcoin. Some people think that keeping is much better because the price is growing higher and some think like you.
You are also right that in the future there is no guarantee for bitcoin to be rise higher therefore selling some of the bitcoin is a right decision and to hold some in your wallet for earning extra money.

[Allura74]

If i have a lot of bitcoin, i will spend it on my important needs especially for payments of billings. You will make decision or choices were to use your bitcoin, you save it or you better spend it but think of it first that only in the important things should be spend. I should spend it especially in emergency case, and for daily needs. But the best is you better save it so that you have a bright future someday, and you can earn profit.

Indeed storing bitcoin is the best way of making money with bitcoin without any risk and loss. The prices of bitcoin keep on changing and the crypto market is a name of pumps and dumps so the bitcoin also keep increasing in prices. Those who kept holding bitcoin few years back are now millionaires. I agree with you that soon bitcoin will become the most expensive asset of the world and everyone won’t be able to have them.

if i have a lot of bitcoin i will spend the half and save the other half because i observe that the trends of bitcoin is fast increasing its value or just sound like i am gambling the other half on waiting the correct time on trading.

[haroldtee]

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!

Then you must save the 13 cents that you have and spend your profit for sustaining your life or needs.  Just do this kind of style all over and over again and i think that you will get rich by just doing this , Try also to join bounty campaigns to boost up your earnings.

You can join to Bitcoin signature campaign in services board, not only bounty campaign can gives you Bitcoin through work. Bounty campaign always has high risk and you will see many scammer want to scam your work after all if they not is a trusted member.

Bounty campaigns has really been an area most people don’t even bother to look at most especially with the multiple type of campaigns in a single project and you just finding the best way to fit in. Twitter has always been my major earning tap for bounties and I have earned so much from it than what I have earned from signature campaigns since I started. The result might come after few months of the ICO but they can be so worth it, most especially if you are keen about the project you want to participate in and you are sure of its prospect rather than trying to do all projects all at once. Those projects once they hit the ground running is always as if a door of cash just opened on you.

[misterj]

It would greatly depend on the necessity. If there is something you want to really buy, you could buy it as a price of your hardwork in earning such. On the other hand. It would be wise to put it in savings such as banks or business so that the excess money would be still excess as time goes by. Either way, it is excess, you could do whatever you want.

[Sled]

It would greatly depend on the necessity. If there is something you want to really buy, you could buy it as a price of your hardwork in earning such. On the other hand. It would be wise to put it in savings such as banks or business so that the excess money would be still excess as time goes by. Either way, it is excess, you could do whatever you want.

You need to stick with the formula of amount of money earned - savings = expenses. You should always prioritize savings because it will become the bridge to you to get into the other things that you need to do or want to do with your money, it is either building your own business or doing other things that can make you happy. Saving money is the most important thing for our money because if you have savings then you can do other things like investing.

[just_Alice]

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

Different people have different thought and ideas about the future and especially about bitcoin. Some people think that keeping is much better because the price is growing higher and some think like you.
You are also right that in the future there is no guarantee for bitcoin to be rise higher therefore selling some of the bitcoin is a right decision and to hold some in your wallet for earning extra money.

I agree but the question is what part of our BTC to sell because most likely bitcoin will rise in the future. That's why I think the less you sell the better. Sell only the amount you need to exchange for your living expanses and hold the rest because even though there is no guarantee the history teaches us that bitcoin will rather rise than fall.

[suzanne5223]

If I have a lot of bitcoin will do the samething Charlie Shrem by saving some and use some to start my own bitcoin business by create an exchange which could fetch me more money.

[EcoChavCrypto]

I dont know what would i do, but right now i have some bitcoins on my wallet, and i am not looking to sell them at any rate, i will only hold them until i see the opportunity to invest that money in any other side, or just to hold that money physically, and not in cryptos.
But i dont  know , it is too early yet, i dont know what would i do.