Do you spend your Bitcoin?

[Abiky]

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?

It all depends on what necessities you have in daily life. If you need the money right away, then I'd suggest you to spend your Bitcoin. But if you want to make large profits, then "hodling" would be the way to go. To answer your question, I only spend a small portion of my Bitcoin for goods while "hodling" the rest at a cold storage wallet for safekeeping. It's always good to spend BTC every once in a while, to help contribute to the crypto economy. If everyone "hodl" their Bitcoin without spending it, how would the economy flow? What you do with your Bitcoin is entirely up to you. As long as Bitcoin is being put to good use, nothing else matters.

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[impulse709]

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...

You are very similar to my situation , i have been holding BTC for quite some time but recently the pandemic appeared so i used part of my BTC to be able to cover my family expenses and i am intending to hold holding BTC for a long time, that's why I saved and bought back BTC, like last time I said the value of BTC will definitely reach 100k$. Now BTC has established a new ATH and I believe BTC would be worth more than that.

[rosemariefrancis]

I would prefer to hold Bitcoin after evaluating the current scenario. It’s getting famous, its acceptance is increasing, and it will be the mode of payment for many things that we buy through fiat currency. So why would I sell it? All these activities will eventually increase Bitcoin's value.

[Hippocrypto]

I would prefer to hold Bitcoin after evaluating the current scenario. It’s getting famous, its acceptance is increasing, and it will be the mode of payment for many things that we buy through fiat currency. So why would I sell it? All these activities will eventually increase Bitcoin's value.

There's nothing wrong spending bitcoin especially if it is really needed. You can't just hold your bitcoin for so long even if the prices are already pumping. You can hold it especially if you have the plan on when to sell it. It is very important that you have the plan in everything you do for you to not regret it. You can sell it especially if you already achieve your target goal of your bitcoin.

[ReiMomo]

It depends on eachone's need. I do have bitcoin. I exchange a bit of bitcoin when i need money for my basic expenses but do not touch it when I dont need , I dont bother Bitcoin. It just remains in my wallet. Likewise, many here might have invested more on it and would be holding it for long time to gain more profits. So, it depends. Currency is for use. So yes one or the other day, its going to be used.

[Mahiyammahi]

I'm not selling my bitcoin . If there's any need of my money I focus on altcoin. Bitcoin is like golden goose  If you just loose it you can't afford it anymore. I will hold it untill 100k . For me bitcoin is a lifetime investment 😇.

Cause there's no need to selling my investment.

[lepbagong]

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...

Due to the pandemic, many have had to give up their bitcoin deposits to be released because of an unavoidable need. you are one of the lucky ones, what you have is not sold all of it is only part of your savings. maybe those who still have capital will not make sales at all.

but lucky if you gradually continue to make efforts to save again, because holding bitcoin at any time can be sure to enjoy good luck. because bitcoin will always increase higher than its past.

You are very similar to my situation , i have been holding BTC for quite some time but recently the pandemic appeared so i used part of my BTC to be able to cover my family expenses and i am intending to hold holding BTC for a long time, that's why I saved and bought back BTC, like last time I said the value of BTC will definitely reach 100k$. Now BTC has established a new ATH and I believe BTC would be worth more than that.

someone's luck is very different from one another, you are certainly a very lucky person. why can i say that ? In the pandemic situation, many are experiencing difficulties because they are no longer working and everything they have must be given up for their daily needs, including those who actually hold bitcoin and other coins.

by repurchasing then the expectations you want may come true again, although we see that at the end of October the achievement of bitcoin is not optimal according to the prediction of an increase in 2017. but hopefully in November it will increase even more. we wait faithfully bitcoin can reach its highest price.

[dezoel]

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 a long term holder and I am having my personal target levels to start using most of my holding. It means I like to inherit most of my bitcoins to my kids so that they may enjoy the full benefits of my passion on bitcoin. I trust in bitcoin which is the reason I am able to save most of the bitcoins I am earning. If I open my target price levels of bitcoins, it may sound like unrealistic but I believe that kind of price levels will be easily possible for bitcoin in next 20 to 30 years.

I am sure many people here are having similar plans or might adopt such a strategy over the time but when I get into bitcoin and after realizing its true potential I decide to plan up for my entire life along with bitcoin holding. Bitcoin is not just part of my life unlike most people buy-hold-profit.

[batang_bitcoin]

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

This is a long way to go. You won't sell even if you see bitcoin reaches $100k-$500k? Those prices are already good to sell and you can still keep a lot from your holdings by just not selling all of it.

Although I manage money by selling unique coins when I need money a lot of the time, I do not sell Bitcoin.

But how long your 'unique' coins will last if you keep selling them and all you've got left is bitcoin? Are you also going to sell by that time even it didn't reach $1M at the moment?

[milewilda]

I'm not selling my bitcoin . If there's any need of my money I focus on altcoin. Bitcoin is like golden goose  If you just loose it you can't afford it anymore. I will hold it untill 100k . For me bitcoin is a lifetime investment 😇.

Cause there's no need to selling my investment.

We do have our own personal goals in life and just like you, majority of people now are eyeing on accumulating bitcoin as much as they can since we do know its potential when it comes to future prices
which could really be possibly able to make profits on just simply holding but of course it wont really be simple as it sounds yet this would really matter with your emotional aspect and of course your
dedication towards your goals because there would be lots of factors will really be affecting your decision along the way.We do have our on ways and methods and spending
isnt really that bad specially if its really needed but if not then better to hold it off.

[TheBitcoinGambler]

I try not to tbh . Just considering how much I'll regret having spent the bitcoin instead of just fiat, if the prices go up. I like to gamble for instance, and there are some options like https://time2play.com/casinos/bonuses/no-deposit/ to do that with bitcoin, but I just know it won't be worth it. In general I try to always apply the mantra: What would Mr Money Moustache say if I spent this? https://www.mrmoneymustache.com/ That easily keeps me in general away from throwing crypto or fiat for that matter away on silly things

I find also with time the pleasure I get from owning more and more bitcoin easily outweights the "disadvantage" of not spending it. I look at the increasing number and I get a super happy feeling. And the feeling is lasting. Whenever I've spent some, the feeling is just fleeting. It's a bit like eating candy. Very nice in the moment - after a bit not so nice and the regrets come.

[deadmousehat]

not sure when I will use my bitcoin. for now I still hold bitcoin because I feel not enough with the profits I get and do not want to buy anything. i have no plans to spend it, just if i need i will use some of my bitcoins.

[Pffrt]

Most of the time, hodl only! I have invested in bitcoin heavily in the dip and it paid me back with huge return. I don’t usually need fund as I have local business. When I need extra fund which I can't source from my personal fund and business, I have to sell BTC.
Back in the day, I had good amount of BTC but sadly I sold them too early which is why now, I don’t want to be nocoiner at all. I'm buying every dip, will hodl them until I need to spend for purchasing something.

[smartaction]

Do you spend your Bitcoins or just hodl?

I Spend my 2 BTC at the low price.

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

I bought some amount of btc again but it not too much. Coz at the Fucking time i Haven’t enough Money for bought full 1 BTC.   I was sell 2 btc 1 year ago at which price.now 0.5 btc is not available with that price 

If you hodl
For how long and why don't you spend?

I bought 0.3 BTC and my target 1 BTC = $200K. I will not sell my btc till hit that price.

[Tigerheart3026]

i can not buy thing which i like because restrictions of the government.

But what stops you from getting paid with or buying stuff with BTC? No government can block your Bitcoin wallet unless they shut down your access to internet

i didn't mean that, if crypto is illegal in my country and if i bought something from another country to using crypto, then which product must be picked in custom firstly and it will checked here before i received, so it could be complicated to buy anything using crypto. 

[ivankoh]

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?

Personally, I wouldn't spend bitcoin in a way that would accept payment for it.  I can use them in a variety of ways for crypto related elements but spending to shop for online purchases it seems redundant compared to the level of confidence in using bitcoin for me.  Who knows the opportunities for Holder are more, in that future 100 years will be the last bitcoin mined.  I will be a millionaire with my bitcoin holdings.  Lol

[Dewi Aries]

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 spend some of my profit, usually for daily needs or maybe if i gain much, i transfer some of my money to other business. Maybe selling something or another assets like property. Because i know crypto trading is risky and we don't know when actually we will face a losses in trading, so made a back up with real business can be options.

[leea-1334]

But what stops you from getting paid with or buying stuff with BTC? No government can block your Bitcoin wallet unless they shut down your access to internet

i didn't mean that, if crypto is illegal in my country and if i bought something from another country to using crypto, then which product must be picked in custom firstly and it will checked here before i received, so it could be complicated to buy anything using crypto. 

So I still do not get it. When you sell something with BTC and you ship it off to customs you have to declare the value in USD or whatever fiat anyway,,, never in BTC.

Which country are you from? Show me one single instance where the customs checks if things are bought with BTC/crypto. This will never happen in customs in any country today.

Buy something from anyone on this forum and I guarantee it goes through.

[peter0425]

But what stops you from getting paid with or buying stuff with BTC? No government can block your Bitcoin wallet unless they shut down your access to internet

i didn't mean that, if crypto is illegal in my country and if i bought something from another country to using crypto, then which product must be picked in custom firstly and it will checked here before i received, so it could be complicated to buy anything using crypto. 

So I still do not get it. When you sell something with BTC and you ship it off to customs you have to declare the value in USD or whatever fiat anyway,,, never in BTC.

Which country are you from? Show me one single instance where the customs checks if things are bought with BTC/crypto. This will never happen in customs in any country today.

Made me wonder also , because in transaction slip(If there will be) surely it will be indicated as Dollars or Fiat and will not in Bitcoin so how come that custom officials may trace that he uses crypto in buying the items.

Buy something from anyone on this forum and I guarantee it goes through.

If he is telling the truth about wanting to buy using bitcoin , then this is the best advise to purchase from person here in forum even using escrow for safety transacting and surely it will come safely to him.

[giammangiato]

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 spend some of my profit, usually for daily needs or maybe if i gain much, i transfer some of my money to other business. Maybe selling something or another assets like property. Because i know crypto trading is risky and we don't know when actually we will face a losses in trading, so made a back up with real business can be options.

I do these operations, using the profits in other operations, it could be a good method, I think it reduces the risk of losses, consequently the opportunity for good profits .. Every choice has consequences, you must always choose wisely ..