Do traders spend crypto when they can?

[Lanatsa]

I'm not saying it's entirely bad. Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag,  do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.

Im doing various things when it come to my profit.I do consider on making my bag more bigger and at some point when i do already get profits out of that big bag i do spend a portion of those profits
neither for buying my personal needs and wants in life.The thing that do have in mind is not too spend too much unless if its important or emergency.Who would be the one doesnt like to make his bag even more bigger?
We do saw on what are the advantages of this one.

[rijaljun]

What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?

[crwth]

Currently, my spending habits with my crypto are my luxury items only. The wants that I don't need, but I still get to keep some part of the earnings in my wallet. Anyways, in my trading experience, every month, I will cash out a portion of what I earned during the month. For example, if my profit is 0.01 in my 0.1 capital in trading, then I would cash out the 0.01, and that's what I could use to spend.

I guess I support other companies by using some of my bitcoins, so it circulates in a way, other than that, I do nothing else. I'm quite sure that we have different views about how we use our crypto.

[dimonstration]

What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?

It's good to balance things, spend some and save some. It's like enjoying today and preparing for tomorrow its applicable as long as we know our goals, set our limits and spen donly what is needed. Others make it as inspiration to save now since soon you'll be able to enjoy it especially if they are starting from scratch and every earning matters or alloted for something.

[1Referee]

I think it's safe to say that just the fact that your account is growing in size is already something that satisfies you enough to a point where your only next target is to have it grow even bigger. Spending or whatever will only make it go down, thus not really something that you are going to do.

In my case, I do spend quite a bunch of satoshis on a monthly basis, whether I make profit or not because I do believe that Bitcoin is cash just as much as it is digital Gold. I always make sure to buy back every single satoshi that I have spent to not lose out on purchasing power in case the price goes through its next parabolic cycle. I hope more people do that.

In the end, I do not really care much if people are spending their coins or not. It's their money and they can do whatever they want with it. There are just as many valid points to be made for spending coins as there are for not spending coins.

[exstasie]

There are so many trading platforms out there when you compare against say online marketplaces; or even attempts at marketplaces. My only issue really comes down to how does trading benefit the overall BTC and crypto ecosystem if trading is the only activity users are performing with their coins.

Traders are vital for efficient price discovery. They provide much of the existing market liquidity. This may not be a popular opinion, but they are fundamentally good for the ecosystem, full stop.

So I'd like to know what you do with your trading gains, does it just roll into a larger bag,  do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself.

Bartering and directly spending trading gains is ideal, as it allows one to avoid the tax man.

[Baofeng]

I'm not saying it's entirely bad. Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag,  do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.

In my case, some of my fiat is in crypto (specially BTC) so if the need arises I have to sell some and convert it to fiat. And there are times that I used my crypto directly to pay my monthly bills (internet, credit cards, electric and even water). So I would say that I did my share to 'recycle' my coins and bring it back to the ecosystem at some point in time. Right now I'm contemplating of cashing out around $1k to pay for my kids school. And then buying back when there is an opportunity.

[Reid]

I see where you are going at.
It became just a non-stop activity. Trade, bag it then trade more.
There is no spending that is happening in it.

I don't. Whenever I feel like I am blessed, (profits higher than expected) I spend it. Go out with the family.
There is a problem though. It should have been spent thru the way you made it.
Crypto currency.
Just like you said, there is not much marketplace or who accepts it.
I guess what we could do is just wait. Maybe it will happen.

[BitcoinHunt3r]

Although i am not daily trader, i will spend my profit when i can. Spend crypto wouldn't means we spend our capital and not our profit right. Same with me when i get paid from bounty or signature campaign i will save it and spend it in vacation because sometimes daily activity really stressful for me and i need spend my time and my money to do something fun.

[Dart18]

I hope they will.
Spend all that fiat when profits came from trading.
We should all enjoy it.

The sad part is that we cannot use it that much yet. Crypto currencies seems to be avoided by merchants up until now because of its nature which is the volatile one.
Some have courage to do it, thinking they are also invested with it.

[AniviaBtc]

I definitely think people should take profits regularly. You want to convert your profits into a house, a car, a lifestyle, otherwise, what's the point?

And yes, do support those crypto businesses that accept crypto and spend some of it. Otherwise the whole eco-system will die and the value of your crypto will die with it. If crypto just becomes speculation, then eventually the party will end. You need the eco-system underneath to be robust so that it can all continue.

When a trader wanted to enjoy their benefits from crypto, definitely they should spend crypto as they wanted to. Joining the eco-system, crypto value will not dies as long as it has been circulating on different types of spendings.
Each and every product that has linked with cryptocurrency, has its independent body, and as long as the demand increased the price eventually rises.

Maybe they will use crypto if it is very necessary like those necessities including, food, health, shelter, clothes and anything that is in a Maslow's Hierarchy of Needs. But if you will just use it for something that you want or something that has no value to your life, do not attempt to do so. Proper management of money is also a good thing to practice for you to prevent spending your money to the things that is useless.

[TIDOVEE]

It depends on individual opinion and plan, we are specific about trader now, some Bag their profit and invest it into another trade online, but I don't want to believe there will be a trader who will just keep hodling their bitcoin just for trading sake and not cash out to purchase certain material things for him or herself, but for those are still earning well I their place of work . The profit Should be enjoyed.

[bitbunnny]

What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?

I agree, you have to spend something of your profit so that you can enjoy it and have real use of it. I think many traders are aware of it and besides reinvesting part of their profit they also spend it. Afterall what is the use of trading if not making profit that you can use in real life? Trading is not purpose for itself, that makes no sense.

[wajik-tempe]

It depends on individual opinion and plan, we are specific about trader now, some Bag their profit and invest it into another trade online, but I don't want to believe there will be a trader who will just keep hodling their bitcoin just for trading sake and not cash out to purchase certain material things for him or herself, but for those are still earning well I their place of work . The profit Should be enjoyed.

There are many traders who just invest their money to cryptocurrency for just giving away and not taking or even looking his investment for a long time because there are many people who invest in cryptocurrency just for fun and try some luck, because they already know the risk that investing in cryptocurrency doesn't guarantee anything but great returns with bunch of luck

[sisule]

This isn't a trading thread per say. I've just been doing a lot of thinking lately about the state of BTC or crypto in general, and have found myself drifting into negativity regarding certain groups. Damn generalizations creeping in and harshly judging people without digging deeper - today it's the trading side of crypto.

So diving in, I am in the Pro "spend what you can when you can camp" ( No different than anything I still feel one needs to have some portion of savings) I think if we aren't spending crypto to encourage businesses to adopt it where is the endgame. I also feel like a lot of the crypto rich have abandoned creating a market environment for one that really only benefits "gains". There are so many trading platforms out there when you compare against say online marketplaces; or even attempts at marketplaces. My only issue really comes down to how does trading benefit the overall BTC and crypto ecosystem if trading is the only activity users are performing with their coins.

I'm not saying it's entirely bad. Trading has helped bring a lot of people seeking profits into the space, but are they doing anything else? So I'd like to know what you do with your trading gains, does it just roll into a larger bag,  do you sell and cash out in Fiat, or are you trying to also spend coins when the opportunity presents itself. I'm open to all opinions, as I'm sure many people here see things differently. I've just had thoughts that this aspect of the overall economy has developed disproportionately to the marketplace portion, and feel it has a net negative effect.

Other side many people loss their money with trading because price have down, not all trader can earn much profit with bitcoin and altcoin trading during still do not know about how rule and way to be success trading, beside always have trick with trading with lucky and unlucky when starting trade, when you lucky maybe you can get profit although whit shit coin.

[beerlover]

Unfortunately, I can't spend crypto too much, I would love to, I mean if it was up to me I would totally just use crypto and never use fiat ever again in my life if I had that option. However in my country crypto is not accepted that much, I have used crypto before to buy stuff but most of it was digital.

I remember at one point steam accepted bitcoin so I used it to buy some games, I bought domain and hosting from namecheap and multiple times at that, I bought it to use some developers talents and he coded some stuff for me, I bought designers to help me create some logos, so all stuff that I can get digitally and not a physical product so far. If nothing else I would love if it I could pay my bills with crypto at least, that would be so amazing.

[Arkann]

Since I lost my permanent job and today I get the only income through cryptocurrency trading, one way or another I use all the cryptocurrency that I earn for daily purposes to pay my bills.  Of course this happens by exchanging cryptocurrencies into fiat currencies, but nevertheless, with the help of online resources I can buy certain things, paying for them with cryptocurrency.  It is unfortunate that there are not as many such online stores as we would like.

[Distinctin]

It absolutely not only a trading system will drive for crypto to fully established in the market, but it is also needing the support from online businesses. But unfortunately, some big companies are in doubts about crypto's credibility and makes them undecided to take the risk of accepting crypto for payment. The is how trust place a big role in this technology and that is quite not easy to acquire until they'll saw assurance of their investment.

[onrise]

What is the point of making many when you don't really enjoy the result? Saving some portion of your profit is important for everyone, reinvest it? would be better but if you don't spend your some money and enjoy it then why do you make money?

People would be making use wherever they can and whenever they wish to only thing is that their country should be having enough of merchants to accept the btc and where you can make payment from coins for the stuff you require to have it.

[Meowth05]

I definitely think people should take profits regularly. You want to convert your profits into a house, a car, a lifestyle, otherwise, what's the point?

And yes, do support those crypto businesses that accept crypto and spend some of it. Otherwise the whole eco-system will die and the value of your crypto will die with it. If crypto just becomes speculation, then eventually the party will end. You need the eco-system underneath to be robust so that it can all continue.

Indeed, I think sometimes we should take some of our profit and spend in some stuff that would make us happy because if not then what is the point of getting profit. Besides, we need to circulate the those coins otherwise it will die. Moreover, some of us have no option but to spend the profit they got just to support their daily expenses.