Do traders spend crypto when they can?

[carlfebz2]

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.

It isnt needed for those crypto merchants from time to time because people can convert their crypto to fiat anytime and spend if they wanted to.
When we do trade then the main target or goal of each person is to make money and if we do earn then its just normal for us to think that we do have money on our stash
and anytime we can spend it if we wanted to unless if you decide to save it all.So it depends to our own needs.

[Webetcoins]

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.

Volatility could be a beneficial factor when a person has get experienced in the utilization of cryptocurrencies. The price could never remain stable because of the reason that digital money is always being used in the international transactions. Due to the difference in the economic stability across borders the price is not constant. But being able to use right coin at the right time may help you to get desired results.

[topbitcoin]

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.

It isnt needed for those crypto merchants from time to time because people can convert their crypto to fiat anytime and spend if they wanted to.
When we do trade then the main target or goal of each person is to make money and if we do earn then its just normal for us to think that we do have money on our stash
and anytime we can spend it if we wanted to unless if you decide to save it all.So it depends to our own needs.

Yes, for most trader it is hard to spend their crypto, maybe if there are opportunity to spend crypto comes, it only for several countries. And no matter in where we spend it, i think profit is worth to spend if that trader want because it is all depends on him.

[clickerz]

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.

Same here, I spend crypto whenever it is available option in transferring funds especially abroad. For the local transactions, of course, I use fiat or digital currency. It only depends on the situation to spend crypto or if its a better option whenever needed.

[avatar_kiyoshi]

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.

I spend the portion of my trading capital when I need to do(I don't want spend too much), exchange it thru fiat for my goods because of regulation that force it.
Everyone has their own priority for their life, as long as it does not deviate, it is not a taboo if we exchange btc to fiat.

[TitanGEL]

There are traders who spending the money that they earned from their trades and there are also type of trader who do not spend the gain that they earned. I'm a type of trader that I do not spend the cryptocurrencies that I earned from trading. We have different goals and mindset, my goal is to acquire more cryptocurrencies so I do not prefer to spend it. The cryptocurrencies that I get from trading, I using it as a additional capital in order to increase my portfolio.

[ChrisPop]

Traders have their own function in the market and I am sure that many of them - especially the professional ones take out a % of their gains each week/month to at least cover their expenses. Others might increase their trading portfolio and/or set aside a part solely for holding.

After all what affects a market price is the supply and demand law. If they hold the cryptos and don't spend it is beter for the value of the cryptocurrency. We need to encourage average joe's to start using crypto instead of fiat - not the traders.

[pawanjain]

You just said what I always think. The whole point of bitcoin being created was to use it as a payment method without any middle man.
While bitcoin is used in many places these days, most people hold bitcoin as an investment rather than using it as a currency.
I always tend to use bitcoin as a currency and find ways to use it in different places. I don't hold much of it right now and so I did not use bitcoin for quite a while now.

[Findingnemo]

Possibly less, because we heard the advice of HODL longer to make more profits so investors and traders are not really interested in spending but not all the crypto holders are having to hold as their intention. I do see lot of websites start to accept cryptos means people are interested in spending their cryptos as it is which gives convenience and also reduce time and expense when people try to convert crypto into fiat.

[diazepam666]

Obviously if possible to make the trade at the right time obviously everyday days will go and start reading whenever the market fluctuations are very much higher than usual.
I suggest even you should go with the cryptocurrencies which fluctuate higher than usual and stable cryptocurrencies.

[secone]

i split my crypto for trade and daily usage, so i use my profit from trading to daily usage like electic cost, internet fee etc.
i think each people can be diffirent, because i have friend who really hodl his crypto and not spending it, when he need crypto for buy something he will buy crypto and use it.

[pajak666]

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.

This is why 'system' is still working. They can print money coz there are people who spend it like crazy. Which in our case would be a good thing as it would stimulate the asset that is otherwise simply better hodled. This is the role of inflation in fiat economy. If money is losing value, its better to be spent. This is on contrary with Bitcoin and what was supposed to be good actually is holding the adoption backwards.

[BuNga_cute]

If I get profit from trading, I will save my profit in stablecoins. So if there are coins whose prices will go down suddenly I can buy
coins with the profit that I save in stablecoins. But it's not always like that, if indeed there is a desire to buy something I will
immediately convert into fiat to buy the things I want. But such things are rare happened, because I prefer to turn the money I can
to trade again.

[Capt00]

It obviously they are. That is how traders would seem to be and that is also how I did before but I stop it now since the market is in bearish and I don't have enough time to track my trades which is very important at a very critical stage. Trading is really a time spending activity especially when you a day trader. It is too different when you are just a casual trader that only does buy and sell.

[maxreish]

Yes of course .
A lot of people misunderstood the essence of trading, they are expecting beyond results. It is not an easy rich quick scheme like traders are expecting. It is difficult to dance with the market, hard to predict and rely only on technical amalysis.

When it comes to the benefits to the economy, it somehow helps when we exchange our crypto profits into fiats and spend it to some products likr what I am doing. I do agree that trading is a profitable but needs focus and plan.

[Savemore]

In my experienced, I tried to spend the cryptocurrencies that I earned from my trades. Cryptocurrencies for me have 2 uses, first is it can be a utility for me where I can spend it online in order to buy the things that I desire and the second is for price appreciation. Price appreciation is about trading where I buy at the low and I will sell it when it value rises.

[nicolas1979]

Trading/ investment program is alternative income and should be use to built business. Trying built business is not easy but this method is the best way to reach better life, every method will end but not with business. Saving profit from crypto trading/ investment also good step but inflation will reduce your value asset. Spend crypto for business is the right way, do that before crypto useless or replacement by other instrument.  I'm not agree spend crypto for daily needs, if you still doing that you should change mindset and method before too late.

[Sahyadri]

The best trader is the one who knows when to take out profits and when to actually use it. People in greed keep on saving and investing and at the end never get to actually use it. My belief is that always set a target before saving or investing and do follow it religiously without getting greedy. You might regret some of your exits if price goes up ridiculously but trust me when you follow your targets, buy you can actually make use of your profits.

[atjiat]

The best trader is the one who knows when to take out profits and when to actually use it. People in greed keep on saving and investing and at the end never get to actually use it. My belief is that always set a target before saving or investing and do follow it religiously without getting greedy. You might regret some of your exits if price goes up ridiculously but trust me when you follow your targets, buy you can actually make use of your profits.

Of course, you can agree with you, because ideally this is how a real trader should work.  Of course, each person’s situations are different.  The financial state of the home budget is also different.  Someone came to the cryptocurrency market because of a desire to get at least some kind of income, and someone already works because of their greed.  In fact, a trader can feel very calm when he has either additional income or certain savings, when he does not care about anything and can fully work on the cryptocurrency market and not sell cryptocurrency when it is not necessary and does not make a bad transaction, if this  not required.

[Genemind]

Of course, most traders still spend crypto especially if it's necessary. There are some unexpected circumstances that we have to spend some of our funds necessary but it doesn't mean that we're ruining our trading strategy. If you're a wise trader, you should know what to spend and what to trade. It's fine to spend some of your funds if you got no choice but be sure to manage it appropriately so you'll still gain something in the future.