Spend or HODL Bitcoin during COVID-19?

[bitzizzix]

In a pandemic situation it would be confusing if we saw the extraordinary movement of bitcoin and currently making new ATH at a price of 51K more, I mean in a pandemic situation we really need the necessities of life to be fulfilled and getting involved in bitcoin or other crypto is the best solution.
What is confusing for me is whether to keep holding it because the potential price of bitcoin is very supportive and will continue to increase and besides that I also really need money to make ends meet, and right now all I do is save sales and only sell bitcoin as needed so I keep holding bitcoin over the long term although gradually waning because of need.
and I also really want to keep it intact so that I can enjoy its immense benefits later.

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[Abiky]

In a pandemic situation it would be confusing if we saw the extraordinary movement of bitcoin and currently making new ATH at a price of 51K more, I mean in a pandemic situation we really need the necessities of life to be fulfilled and getting involved in bitcoin or other crypto is the best solution.
What is confusing for me is whether to keep holding it because the potential price of bitcoin is very supportive and will continue to increase and besides that I also really need money to make ends meet, and right now all I do is save sales and only sell bitcoin as needed so I keep holding bitcoin over the long term although gradually waning because of need.
and I also really want to keep it intact so that I can enjoy its immense benefits later.

Don't think about "hodling" your coins for the long term, when it comes to satisfying your daily needs. Sell whenever you can, in order to survive in the mainstream world. But if you have money to spare, then I'd advise your to "hold on for dear life". It seems to me that Bitcoin will reach prices well above $60k per coin faster than you could've ever imagined. The pandemic is luring people into Bitcoin due to the decay of the traditional Fiat economy. The more people pour money into Bitcoin, the faster its price will increase on the market. There's every reason to "hodl" your Bitcoin, than spending it. Ultimately, you're the one who decides what to do with your Bitcoin holdings.

Nonetheless, spending or "hodling" Bitcoin depends on your current financial situation. As I've said before, if you need the money survive, then sell your Bitcoin without thinking it twice. Otherwise, "hodl" strong for the long term. If you manage to earn more than what you've initially invested on Bitcoin, you'll do fine in this wild and crazy world of crypto. For what I know, investing in crypto is not for everyone. You can either become poor or rich in an instant due to wild fluctuations in price. Just my opinion

[carelessboy]

i said honestly in covid -19 i was jobless. and  can,t found any job and work.so i have no way. i hold 4th eth since at 2019 then i sell my ethereum in covid 19 . i think many people sell their bitcoin and crypto. .crypto is future for me i can,t know about another people.when bitcoin dump again buy bitcoin and hold it .hold is best way to rich.

[yohananaomi]

In a pandemic situation it would be confusing if we saw the extraordinary movement of bitcoin and currently making new ATH at a price of 51K more, I mean in a pandemic situation we really need the necessities of life to be fulfilled and getting involved in bitcoin or other crypto is the best solution.
What is confusing for me is whether to keep holding it because the potential price of bitcoin is very supportive and will continue to increase and besides that I also really need money to make ends meet, and right now all I do is save sales and only sell bitcoin as needed so I keep holding bitcoin over the long term although gradually waning because of need.
and I also really want to keep it intact so that I can enjoy its immense benefits later.

the most appropriate action you have done right, if it is still able to sell little by little to make ends meet is worth doing. I alone (and probably many others), unable to endure like you, was forced to give up everything. because the need for a pandemic is indeed very large for the necessities of life plus the price of all medical equipment has increased.

the trend of bitcoin that continues to increase and creates new ATHs almost every day so that the prospect of increasing sharply at the end of ATH is certainly very large. so if you still save it even though it may not be big, you can still enjoy the increase, in contrast to me having to try to pay in installments from altcoins and after trying enough to change to bitcoin.

Indeed, currently bitcoin is decreasing, but you don't need to be afraid and panic because bitcoin can come back again to be positioned to move up and occupy its best position, which indicates that bitcoin will clearly not go down like what happened in 2018.

[Reatim]

In a pandemic situation it would be confusing if we saw the extraordinary movement of bitcoin and currently making new ATH at a price of 51K more, I mean in a pandemic situation we really need the necessities of life to be fulfilled and getting involved in bitcoin or other crypto is the best solution.
What is confusing for me is whether to keep holding it because the potential price of bitcoin is very supportive and will continue to increase and besides that I also really need money to make ends meet, and right now all I do is save sales and only sell bitcoin as needed so I keep holding bitcoin over the long term although gradually waning because of need.
and I also really want to keep it intact so that I can enjoy its immense benefits later.

the most appropriate action you have done right, if it is still able to sell little by little to make ends meet is worth doing. I alone (and probably many others), unable to endure like you, was forced to give up everything. because the need for a pandemic is indeed very large for the necessities of life plus the price of all medical equipment has increased.

Those person that able to hold even though the needs to survive and struggle happens ? those are the people with High amount of funds to spend and not people like us who have limited amount and the problem is our Jobs got affected and many of us Lose it badly.

the trend of bitcoin that continues to increase and creates new ATHs almost every day so that the prospect of increasing sharply at the end of ATH is certainly very large. so if you still save it even though it may not be big, you can still enjoy the increase, in contrast to me having to try to pay in installments from altcoins and after trying enough to change to bitcoin.

Pandemic happens March of 2020 and none of us know that the value goes this high so how would you expect investors like us to able to wait?

Indeed, currently bitcoin is decreasing, but you don't need to be afraid and panic because bitcoin can come back again to be positioned to move up and occupy its best position, which indicates that bitcoin will clearly not go down like what happened in 2018.

This time now is not part of the question because the vaccine for the pandemic or Covid19 is in circulation now.

[Matimtim]

Holding is word for rich people and has big investment fo make money, isn't advisable for small because if you need money, you dont have   a choice, you need to convert your bitcoin to local currency where are resideding.

If you have enough money then holding strategy to make money is for you.

[franch]

The Covid19 epidemic is giving us a hard time, so if you don't have enough money to spend on your family's daily lives and you still have bitcoin in your wallet, I think you will. make sacrifices to spend, and you will see that you have family. They can be confident that they will protect their bitcoins during the Covid 19 pandemic.

[Fredomago]

The Covid19 epidemic is giving us a hard time, so if you don't have enough money to spend on your family's daily lives and you still have bitcoin in your wallet, I think you will. make sacrifices to spend, and you will see that you have family. They can be confident that they will protect their bitcoins during the Covid 19 pandemic.

It's tough when you are in need and since it's pandemic where economy is really being hard so deep. There's nothing you can do but to release whatever inside your wallet and save your family's needs. Even you tried it harder to keep your investment but when it comes to any emergency, you'll still choose to continue living with a family than keeping your money.

Covid brings hardship to everyone and even now that there's already vaccines but the spread still ongoing, you can though start investing again and try to hold, as the economy is now starting to move forward and more businesses are now opening back so with jobs that being available, you can use your salary to buy some coin for long-term goals.

[dunfida]

This is the future we're living in mate. The world is going cashless and it is ripe for bitcoin and cryptocurrencies in general to take its place

How about on considering about digitial fiat that we've been using already for years time? ex. debit/credit cards, online payments through third party.

Not to be bitter or negative towards crypto but this had been existing for ages now when we do talk about cashless.Think off that those traditional things had already existed.
Cryptocurrency is just an add up which would really be a good option for you to make use or really minding about anonymity and being decentralized.
Going back to the topic about spending or HODL of bitcoin during the pandemic then this do vary on someones needs because not all
would really be having the same situation when it comes to finances.

[Abiky]

It's tough when you are in need and since it's pandemic where economy is really being hard so deep. There's nothing you can do but to release whatever inside your wallet and save your family's needs. Even you tried it harder to keep your investment but when it comes to any emergency, you'll still choose to continue living with a family than keeping your money.

Covid brings hardship to everyone and even now that there's already vaccines but the spread still ongoing, you can though start investing again and try to hold, as the economy is now starting to move forward and more businesses are now opening back so with jobs that being available, you can use your salary to buy some coin for long-term goals.

It's understandable. Not everyone is capable of "hodling" for the long term. There are necessities that must be satisfied in order to be able to survive in the mainstream world. Whenever you see the opportunity to sell your coins for cash in order to survive, do it without holding back. This is important, especially when crypto is volatile (unstable). You can either end up being rich or poor in an instant.

Those who can afford buying and "hodling" Bitcoin for the long term will obtain bigger benefits in the future. The COVID-19 pandemic has accelerated the adoption of crypto/Blockchain tech at a very fast pace. Dogecoin went from being worth nothing to being worth cents (in USD) within a matter of months since the start of 2021. Bitcoin went all the way from $6k - $8k to nearly $58k in just a year since the pandemic took the world by storm. This gives us a strong reason to "hodl" our coins without ever thinking of selling them for cash.

Ultimately, the decision of either spending or "hodling" Bitcoin during COVID-19 will lie in yourself. In my case, I'll continue to "hodl" until Bitcoin reaches $100k per coin. If the trend continues, Bitcoin could reach higher gains in price by the end of the year. Who knows how far Bitcoin will go as COVID-19 continues to harm the mainstream economy? Just my opinion

[Momoamzad]

Duration the covid time I had sold some of my BTC because of my financial problm. Bitcoin supports me so much on my bad situation. And for me that time was the best time to sell . I know I am not long term holder but bitcoin made my condition better

[TravelMug]

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Ultimately, the decision of either spending or "hodling" Bitcoin during COVID-19 will lie in yourself. In my case, I'll continue to "hodl" until Bitcoin reaches $100k per coin. If the trend continues, Bitcoin could reach higher gains in price by the end of the year. Who knows how far Bitcoin will go as COVID-19 continues to harm the mainstream economy? Just my opinion

I also continue to hold, damn, it's now almost a year since I didn't spend any BTC and it feels good right now and I would say worth it seeing the price going to $50k at least.

Yes, I have the same mindset, let see if bitcoin reaches $100k then maybe I will consider selling some of my stash because I'm targeting something big to be bought this year or next year depending on the movement of bitcoin.

[lifeforcepools]

I still prefer HODL. Although what to do in this situation is only your decision.

[shantos carora]

Judging from the situation, maybe Bitcoin will break through the new ATH, most likely I will keep it until Bitcoin breaks the new ATH and maybe it will go even higher.
But the chances are that if I really need money I will sell some of the Bitcoin I own, and the other part I will keep until the price gets higher or I will buy more Bitcoins to store again and will sell when Bitcoin hits a higher price on the market.

[Spack17]

I think the best option when it comes to Bitcoin is HODL. Because we have seen so many examples of it. Young millionaries got rich thanks to being patient and not panic selling etc. , for example. I don't see Bitcoin as a short-term investment tool. If you want to make good money in a short period, I'd suggest the altcoins but it is really hard to keep up with them. 

[virasog]

i said honestly in covid -19 i was jobless. and  can,t found any job and work.so i have no way. i hold 4th eth since at 2019 then i sell my ethereum in covid 19 . i think many people sell their bitcoin and crypto. .crypto is future for me i can,t know about another people.when bitcoin dump again buy bitcoin and hold it .hold is best way to rich.

This means that you sold your ethereum in mid 2020, when the price of ehtereum was very low. If you could have keep them till now, you would have enjoyed the profits when ethereum reached all time high but due to pandemic you have to sell your savings. 
If you got some money now , you can rebuy ethereum because it may reach 3k-5K by the end of this bull run.

[Viscore]

i said honestly in covid -19 i was jobless. and  can,t found any job and work.so i have no way. i hold 4th eth since at 2019 then i sell my ethereum in covid 19 . i think many people sell their bitcoin and crypto. .crypto is future for me i can,t know about another people.when bitcoin dump again buy bitcoin and hold it .hold is best way to rich.

This means that you sold your ethereum in mid 2020, when the price of ehtereum was very low. If you could have keep them till now, you would have enjoyed the profits when ethereum reached all time high but due to pandemic you have to sell your savings. 
If you got some money now , you can rebuy ethereum because it may reach 3k-5K by the end of this bull run.

I would not suggest buying back ethereum at the current price, he sold because of financial problem and now trying to buy while the price is at peak, I don't think it's a good idea. If we want to buy and hold, we should be patient and wait for the right timing, and that is when correction will happen.

[iTradeChips]

With the thread created last year during the first months of the pandemic, I'd be positive that the person might have saved and hold his bitcoins or satoshis and then 2021 happened. He must be still holding on to his coins. Maybe he might have sold it during the new ATH and might have bought something nice for himself and his family. Anyway, many bitcoin holders have enjoyed this new bull season. And the latecomers will wait for the bear periods again so that they can buy again.

[ninabobo]

During this time of COVID-19, there was a great deal of expenditure to purchase necessities and it was hard to get pay because of the effect of COVID-19, so I think on the off chance that you have Bitcoin it is smarter to save it, yet in the event that you need to purchase something for your requirements, don't sell all the bitcoins you have. have. However, on the off chance that you truly need and need to sell, offer a little to address your issues, since I solidly accept that on the off chance that you sell all your interest in Bitcoin, you will lament seeing the cost of Bitcoin getting higher later on.

[conected]

With the thread created last year during the first months of the pandemic, I'd be positive that the person might have saved and hold his bitcoins or satoshis and then 2021 happened. He must be still holding on to his coins. Maybe he might have sold it during the new ATH and might have bought something nice for himself and his family. Anyway, many bitcoin holders have enjoyed this new bull season. And the latecomers will wait for the bear periods again so that they can buy again.

- I also think he is still holding and was very excited about the success of bitcoin around the time of the Covid pandemic, there were very few cases of bitcoin spending during Covid because as far as I know, governments were regularly supporting people during this period, working from home and receiving subsidies, lots of benefits, as long as everyone is using it rationally and economically, spending won't have too many problems. Working in the crypto industry was truly a blessing when Covid-19 appeared, a source of extra income and we can make money in tough times