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Author Topic: Do you spend your Bitcoin?  (Read 1135 times)
Peanutswar
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October 25, 2021, 08:38:14 AM
 #101

If there's no reason to spend with I guess one of the most ideal things is to hold your bitcoin we know already the potential of the bitcoin and we saw already from the previous years and for sure it is possible to have another wave of price increase but of course no one knows, for me it's better to hold some of the bitcoin and use the other half to the daily needs still it depends on your country if they are supported with the use of the cryptocurrencies.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Hippocrypto
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October 25, 2021, 08:59:21 AM
 #102

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I think it's up to the owner if they will hold or spend their bitcoin. If there's no reason for you to spend then it's better for you to hold it. It's very important that you have the plan on what to do especially if there's something bad happen because we can't tell. I spend my bitcoin to buy another cryptos. Sometimes I hold it because we know that bitcoin also experiences downfall. It is very important to have knowledge about it for us to know what to do.
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October 25, 2021, 09:07:40 AM
 #103

I am not that high maintenance of a person, just enough food and water to keep me alive for a day is enough for me so I really don't have that much reason to spend bitcoin plus most of the time that I spend my bitcoin, I always invest about 70% of the profit in other crypto or sometimes NFT, especially now that bitcoin isn't the only star of the show, pretty sure that it's not a good idea to miss out on that so spend your bitcoin wisely, if you think that what you're buying is frivolous in the long run, then don't buy it.
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October 25, 2021, 10:26:40 AM
 #104

I am not that high maintenance of a person, just enough food and water to keep me alive for a day is enough for me so I really don't have that much reason to spend bitcoin plus most of the time that I spend my bitcoin, I always invest about 70% of the profit in other crypto or sometimes NFT, especially now that bitcoin isn't the only star of the show, pretty sure that it's not a good idea to miss out on that so spend your bitcoin wisely, if you think that what you're buying is frivolous in the long run, then don't buy it.
Wait what do you mean by that? "Every time you spend Bitcoin , always investing 70% in other crypto?"

how come that spending is taking profit? sorry looks Like I am lost in your post.

I am not ready to spend my Bitcoin currently because I have promised myself not to temper with my Bitcoin wallet. I will like to sell some of my bitcoin when it get to  $100k. And I also want  to be among of does who want to make history with Bitcoin by when reaching $100k. So I will hold Bitcoin till it get to the stage. No matter how dump it comes i will never give up. I will hold to my promise and still wait till Bitcoin get to the stage of my satisfaction.

Yes, I agree. But in other conditions, I tried to trade in short-term for another crypto-assets. There's so many promising project out there and could be try to buy some of them.

I'm on the position believing Bitcoin will be payment and financial commonly.
So you are not a HODLER if then , trying to convert your Bitcoin into another coin but in the end will bring you losses and failure ,

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October 25, 2021, 10:28:17 AM
 #105

A few days ago I spent 0.0045 btc or around $280 to fill my bank account because my bank account is empty, I work in an office with a small monthly salary so I make cryptocurrencies as an alternative income. and glad that knowing cryptcourrencies can help many things in my life.


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Rampagoe004
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October 25, 2021, 11:15:14 AM
 #106

If we have bitcoin assets, of course, there will be different ways to spend bitcoin, and for now there are many who sell their bitcoins and buy luxury goods and other needs because the price of bitcoin is currently very high, but there are also those who keep their assets and want to add to their bitcoins by investing, then in this case we have a different state, If we have one bitcoin at the moment then many items that we can buy then use our assets as needed and the targets we have set.

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October 25, 2021, 12:24:05 PM
 #107

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I kept my bitcoin for a year, but I recently sold it because I had a lot of items to buy, including another GPU. There are times when I keep it because I don't need money for something, but most of the time I don't need to sell it because I have an income that I can use to buy items I need to survive. Bitcoin is an asset we should hold; it will rise as long as enough people believe in it and buy it; it has a lot of potential, which is why believers continue to come to the crypto community.
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October 25, 2021, 01:02:22 PM
 #108

Do you spend your Bitcoins or just hodl?
I'm doing both. Holding some Bitcoins while selling some of it Smiley.

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
Just for some expenses here in our home. Maybe for some, it might sound weird or the like but at least that is what I'm doing. I would love to use Bitcoin to buy things that I like but there are only few merchants that are accepting it and on the other hand, maybe I don't like or need the things that can be bought using Bitcoin.

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I've been holding for 3 years already and I spent nothing to hold Bitcoins since I hold some of my Bitcoins that I got from signature campaign Smiley (best decision at least for me to keep some of it).
I'm not spending some of it because I believe that price of Bitcoin will go up soon and many are thinking the same as me. I have an exit strategy and if I exited, I will use that money to buy something.

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October 25, 2021, 01:28:31 PM
 #109

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I kept my bitcoin for a year, but I recently sold it because I had a lot of items to buy, including another GPU. There are times when I keep it because I don't need money for something, but most of the time I don't need to sell it because I have an income that I can use to buy items I need to survive. Bitcoin is an asset we should hold; it will rise as long as enough people believe in it and buy it; it has a lot of potential, which is why believers continue to come to the crypto community.

It's not easy to hold Bitcoin for up to a year, and you can do that which is a pretty good thing. Usually if you manage to hold up to a year,
it is much easier to continue holding longer, because you are used to the volatile Bitcoin price. But everyone has needs that must be met,
and it is very natural to end up selling Bitcoin that has been hold for a long time. Because we are not holding Bitcoin forever, so one day
we will definitely sell it. My advice would be better if our needs are not urgent, don't sell the Bitcoins we have, because the Bitcoin trend
continues to rise from year to year. So the longer we hold Bitcoin, the more profit we should make. Because Bitcoin is an excellent asset
for long-term investments.

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October 25, 2021, 02:27:32 PM
 #110

Currently I still hold the Bitcoin that I have, even now I continue to increase the supply of bitcoins in my divided wallet. I will sell bitcoins when the price soars to the moon.
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October 25, 2021, 03:24:24 PM
 #111

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?

I am stick to the strategy of holding all mainstream popular currencies with good potential such as bitcoin, ethereum, binance smart chain, polkadot, matic. I just believe that Bitcoin will be much more expensive in the future. I think that it will be twice as expensive as now. I am going to hold at least 5-10 years more. But when I see a huge bullish market in 5-10 years, I will consider fixing some profit, but now I am just buying more on regular basis.
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October 25, 2021, 03:50:18 PM
 #112

 Am still holding my bitcoin for the price to reach $70k before the end of October, before I can release them for sale to enable me to achieve something good from the investment. Over some weeks now, bitcoin price is trying to hit $67k which is giving some bitcoin investors full confidence that the price will definitely reach $70 or $75k before the end of this year 2021 for those holder to make a good profits from their investment. According to my personal research, this is the season for bitcoin holders to earn well from their bitcoin investment without any regrets from the long term investment.
I nearly sold out my bitcoin, if not that I quickly carry out my personal research to know is better to hold bitcoin in this season we are than to spend them out for other things that will make me regret about such decision.

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October 25, 2021, 03:58:51 PM
 #113

I do both spend and hold, I spend it for some activities such as gambling and trading. To be frank, I'm not holding much at the moment because I'll always sell it when there is chance for me to make profit. For example, my initial investment is $1000 and bitcoin price raises a lot that makes my bitcoin worth $1500 so I'll take the profit $500 and keep my initial $1000 to hold.
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October 25, 2021, 04:41:01 PM
 #114

Do you spend your Bitcoins or just hodl?

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?

If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I currently hold the bitcoin that I have because I make it a long term investment

I have a target, when the value I want has been reached then I will sell the bitcoins I have and then buy a house because at this time I am still renting a house

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October 25, 2021, 05:38:43 PM
 #115

before 2018 i have an bitcoin holding it for long time but they stat  in pandemic i already used it some and now i starting all over again for my own save as like savings right u can see the bitcoin help us...
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October 25, 2021, 05:45:14 PM
 #116

Do you spend your Bitcoins or just hodl?
I do both

If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
If that means only pay something with "Bitcoin" then I think so far I have used it for bills and buy the games on Steam through steam wallet and other stuff with Bitcoin.
Other than that, I convert some of my Bitcoin to fiat and use it on my daily life. Although I do appreciate if merchants are starting to accept Bitcoin anytime soon.

If you hodl
For how long and why don't you spend?
I'm hodling "some" of my savings and spend the rest of it.
I won't regret my choice because it's solely my decision and I do need this money for my daily needs.

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ReiMomo
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October 25, 2021, 06:15:40 PM
 #117

It depends on my commitments. If no money is needed for my expense, I wont touch BTC but If I have a lack of money and indeed i require it, I withdraw what ever amount I require. But, I focus more on saving as much as BTC I can. At times I even buy BTC with my extra money whenever I have  extra in my hand besides the usual expenses. The right coin where one can invest with more trust.

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October 25, 2021, 07:28:03 PM
 #118

I don't spend the bitcoin I hold on to anything. My target is to sell dollars again and keep USDT when Bitcoin reaches one million dollars.Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.
worldofcoins
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October 25, 2021, 09:46:40 PM
 #119

I don't spend the bitcoin I hold on to anything. My target is to sell dollars again and keep USDT when Bitcoin reaches one million dollars. Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.

Who knows if in Bitcoin reach 1 million Dollars each in the next 20 years, There's always a possibility that it can happen.
Right now  financial institutes are filtering out people from Cryptos so you can see mind games where Bitcoin might reach over 100,000 Dollars (could be more)
And Institutes use their Analytics bots on the majority of Traders,

I'm positive the Institutes have tools to check on how the majority of traders are trading.... like what trade pattern, trading settings, based on which indicator, etc.

And after a lot of people have been filtered out and institutes own most of the Crypto then they can do whatever they want.

Plus you know the School system is a scam and they can put whatever thoughtform regarding crypto, that's another story anyways.
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October 25, 2021, 10:41:23 PM
 #120

Yes, I do.
I spend part of my coins to buy some cheap brand gift vouchers which bring me lots of free groceries as well as clothing and footwear. I cannot directly buy anything in India as of yet as any stores don't accept it and instead of buying with BTC from any online store, I'd just sell my BTC and buy with fiat and let the hassle evaporate out of my mind unless I'm so damn worried about my privacy.

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