Spend or HODL Bitcoin during COVID-19?

[Zanab247]

I hold my coins during the pandemic because the market was not too sweet for my taste during the covid-19. Many traders where thinking bitcoin will not reach $20k before the end the year 2020, that make many to sold their coins during the pandemic.
Bitcoin price is now running to $23k, that is making many traders who still exercise patient during the pandemic not to sold their coins because they still have hope on bitcoin that it will reach &20k before they can sell. I just released my coins that I have been holding since pandemic.

[Sithara007]

gotta always hodl some BTC, ain't that right

So are you going to hold on to your coins for the next 100 years? At some point, you need to sell your coins and do profit booking. If you have a lot of funds and don't need anything extra, then you don't need to sell your coins. But for the remaining 99% of the users, Bitcoin has returned good profits and time has come to sell some of the coins and diversify in to other sectors.

[onooks]

Spend or HODL Bitcoin during COVID-19?

"The way to make money is to buy when blood is running in the streets." - John D. Rockefeller

Somebody more wiser than us already answered this question long ago.

[Noctis Connor]

gotta always hodl some BTC, ain't that right

So are you going to hold on to your coins for the next 100 years? At some point, you need to sell your coins and do profit booking. If you have a lot of funds and don't need anything extra, then you don't need to sell your coins. But for the remaining 99% of the users, Bitcoin has returned good profits and time has come to sell some of the coins and diversify in to other sectors.

Maybe his trying to say is whether his going to earn bitcoin his going to hold it all his profit from trading and other activities his going to hold them until the right future comes to sell them all i think. Because i have the same goal that i will going to hold my bitcoin,because i have financial needs to be done every month so some of my profit sell them since we are in still in covid pandemic.
yes as long as there are users of bitcoin , bitcoin will continue to rise its volume there are always new investors for bitcoin because they already knew that bitcoin has something in the future.

[Rasel5209]

I tell you can spend Bitcoin during COBID-19 Cause Today world go to dire situation. Many people died for covid-19 so i tell you can spend bitcoin in your real life. Also today bitcoin price highly increase. so i suggest you that sell it and wait next year. I hope bitcoin price can be decrease.

[Viscore]

I tell you can spend Bitcoin during COBID-19 Cause Today world go to dire situation. Many people died for covid-19 so i tell you can spend bitcoin in your real life. Also today bitcoin price highly increase. so i suggest you that sell it and wait next year.

The reason is that people are investing in bitcoin because the economy will struggle due to the effect of the covid-19, stocks are falling, investors are just looking for another alternative. so it's up to you if you will hold or sell if you have bitcoin at the moment.

I hope bitcoin price can be decrease.

It will certainly decrease but only time can tell.

[heztida3]

It certainly depends on individual to individual since we don't have a similar monetary/monetary circumstance. On the off chance that you actually have the cash to spend and push during that time or month, attempt to hold your bitcoin and sit tight for the occasion to sell at a more exorbitant cost. Selling then again will net your misfortunes on the off chance that you monitor the cash you purchased the bitcoin and contrast it with the cost when you sell it, it will fall into your hands to settle on an official choice. Legitimate arranging of your funds, later on, will extraordinarily help everybody.

[vaultman]

In my opinion, you need to save money and hold. The virus will only worsen our life, it will not just go away, it will be for a long time, so you need to have money to exist. Fiat money is not the best way to store your savings, and bitcoin now looks very worthy against the background of its competitors, especially since its price will surely grow in the near future, so the choice should be made in the direction of cryptocurrency or precious metals.

[samputin]

~

The trick is to accumulate at lower prices and to sell at higher rates. Right now, Bitcoin is trading very close to the ATH level, and therefore I would say that now it is optimal time to sell at least a part of your holdings. In the future the exchange rates will definitely go up. But no one knows how much time it is going to take. Bitcoin may reach a new ATH level within the next three months, or within the next three years.

That's what I actually do right now during this time of ATH. Whenever I see that the price si good, I sell some of my bitcoin just so I can have a profit from what I have earned. It's just a matter of watching the price from time to time and decide when will you sell.

[qaz20180808]

HODL. Always HODL

[Abiky]

So are you going to hold on to your coins for the next 100 years? At some point, you need to sell your coins and do profit booking. If you have a lot of funds and don't need anything extra, then you don't need to sell your coins. But for the remaining 99% of the users, Bitcoin has returned good profits and time has come to sell some of the coins and diversify in to other sectors.

It's always important to sell a portion of your Bitcoin in order to secure profits. If you don't do that, you'll miss an opportunity of a lifetime of becoming financially stable. Spending or "hodling" Bitcoin is a decision that lies solely on yourself. The high market prices may be tempting for long-time "hodlers", as it brings a huge opportunity for profits. If you desperately need the money to survive, then the best thing you could do is sell your Bitcoin in exchange for cash. Otherwise, continue to "hodl" it until you think it's best to sell. I'd advice anyone to continue "hodling" their Bitcoin, as the best is yet to come. The COVID-19 pandemic has greatly increased people's awareness about Bitcoin and other cryptocurrencies. For the first time ever, Bitcoin has crossed 2017's ATH of $20k per coin. The pioneer cryptocurrency is now sitting in the $22k range. If market patterns repeat themselves, 2021 could be the year where the market experiences a constant bull run. It would be unwise to sell Bitcoin now, when there's lots of money to be made in the future.

Nonetheless, no one knows what Bitcoin's true prices will be in the long term. As long as you earn more than what you lose, there should be nothing to worry about. It's all about being financially stable in order to survive in the mainstream world. Just my thoughts

[yohananaomi]

In my opinion, you need to save money and hold. The virus will only worsen our life, it will not just go away, it will be for a long time, so you need to have money to exist. Fiat money is not the best way to store your savings, and bitcoin now looks very worthy against the background of its competitors, especially since its price will surely grow in the near future, so the choice should be made in the direction of cryptocurrency or precious metals.

I agree with you that we must still save on expenses during a pandemic like this, but we must be optimistic, even though it may take a long time that this pandemic should end soon, don't be pesimic.
at least it will be a common disease like influenza etc, not a pandemic anymore.

what you say that saving money in the bank is not the best way nor can it be justified, if people do not have other abilities and only rely on salary alone, the bank is the best solution.
but for those who know crypto, of course that is definitely not the best thing, because there can be a way to invest in projects or buy tokens that are in growth, which will obviously be profitable . for example at this time of course bitcoin is on the rise because of its price but I'm sure the top-ranking altcoins are also good.

[Tstar]

I like the HODL option more because cryptocurrencies are stronger that fiat during pandemics and other crisis. 

Every saved penny gives you more options in the future or for rainy days.

[Krislaw]

This post was made on 31 of October and everything in your post are true. Bitcoin has been going up steadily and it's even crossed it's ATH. I'd rather keep holding because it's my decision. Those who bought and didn't sell of during the 2020 bull run are in profit right now, and so are the day traders.

[Vishnu.Reang]

What will be your target price for Bitcoin? I am targeting a price of $250,000 per coin by 2025. I am sure that a lot of the users will laugh at me and claim that these prices are not achievable. And they have solid reasons to think so. If the exchange rate goes up to 250k, then the market cap would be around $5 trillion, which would mean that 1.5% of the global wealth will be in the form of Bitcoin. But I have remained loyal to Bitcoin for more than 4 years, and I would say that this level is very much achievable.

[mezzaluna]

I like the HODL option more because cryptocurrencies are stronger that fiat during pandemics and other crisis. 

Every saved penny gives you more options in the future or for rainy days.

This is actually still optional for most users but its a suggested move. HODLing would really be fruitful for Bitcoin but its really not suggested on Alternate Cryptocurrencies that is still on the process of improving their platforms. Some of this Alternate Crypto's might drop their values very fast and you really need to decide at that moment in which will you accept the current value or trust the platform to raise its value? We must also remember that we can lose money that we did not have since values within this industry is fluctuating.

[angrynerd88]

Actually, I would proceed to hodl most of my Bitcoin. In the event that the show increment in Bitcoin's cost is as of now sweet, what happens for the another months and a long time must be way sweeter. I  looking forward at long term with much more fervor presently.

[Mistafreeze]

It seems that during these times of turmoil, Bitcoin's prices are increasing at a slow and steady rate. Since the mainstream economy has been on a downfall, people have been resorting to Bitcoin as a store of value. This gives Bitcoin "hodlers" greater spending power than before in terms of Fiat. You can now buy more things with Bitcoin than you did before COVID-19.

What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it? The more Bitcoin's prices increase on the market, the more tempting it is to spend one's Bitcoin holdings. But at the same time, you want to "HODL" your Bitcoin for the next ATH in price. What would you do?

Any advice, recommendations, or suggestions will be greatly appreciated. Thanks in advance.

I don't think BTC price has anything to do with covid lockdown and economic slowdown.
BTC has attracted attention of many institutional buyers and that is what will keep pushing BTC price.
If it were not for covid, BTC would already be @$50k.

[Tahid12]

You shouldn't have to hold your bitcoin if you are in problem.it mostly depend on what is your current economical condition.If you have enough ability to handle your daily livelihood without spending your bitcoin, then no need to spend btc.even if you have good circumstance then you might buy more.Although due to high price, btc can be risky to buy now but life is returning back on track as before and covid-19 isn't a headache anymore.so now you should do what is seem best for you, in your thought

[capitan_rocotan]

I'm hodling. And do not trade at all, except when giveaways are announced. Because I'm lucky then. Now taking part in a Freewallet's one. Who wants to join?