Do you spend your Bitcoin?

[Hippocrypto]

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 ..

I also do this because there's nothing wrong spending it especially if you really need to. Indeed. It reduces risk of losses and might give you good profit. But, Most of the time, hodl only! There's nothing wrong spending but it's better to choose wisely and spend it in a good way like purchasing for your daily needs.

[1715259975]

1715259975

[1715259975]

1715259975

[masphie]

I have both, because I believe that holding bitcoin has a good future.
And some of it I use to play trading to get daily profit.

[Falconer]

I also do this because there's nothing wrong spending it especially if you really need to. Indeed. It reduces risk of losses and might give you good profit. But, Most of the time, hodl only! There's nothing wrong spending but it's better to choose wisely and spend it in a good way like purchasing for your daily needs.

Spending or holding bitcoin is a choice depending on the bitcoin owner himself. It doesn't matter if you are not a bitcoin holder as you may prefer to be active in trading rather than investing long term. I believe that bitcoin holders get a much greater return on their investment in bitcoin if they have been doing it for a long time, they take this risk simply because they know that bitcoin's potential is much better as a future investment asset. There is nothing to regret because between traders and investors just do different ways to profit from bitcoin.

Nevertheless I firmly believe that trading bitcoin, spending them, and holding them is something that supports this bitcoin to survive as a decentralized currency as well as an investment asset.

[dark1234]

everyone must be waiting for a hold whether long or short but what is clear is that they are here to find wealth with their bitcoin, and there is no reason to spend it except time and something urgent. even I myself will always collect it, whether it's bitcoin or altcoins

[Issa56]

Seriously am holding bitcoin am still buying more bitcoin whenever I get to my target then I will stop buying and I will just leave it in my wallet I want to have 1 bitcoin in my wallet then l will be satisfied. I really believe bitcoin will be massive in the nearest future so I believe this is the right time to accumulate bitcoin.

[Emitdama]

I have both, because I believe that holding bitcoin has a good future.
And some of it I use to play trading to get daily profit.

In my understanding trading cannot be a kind of spending; it is definitely an investment because by using your bitcoin as a capital you are trying to make profit and it will be possible if you are enough skilled then you will not be losing your initial bitcoins which will remain as it is then how you are considering trading as a kind of spending.

At the same time if you are using your bitcoin for gambling then you must consider it as spending bitcoin because you cannot expect any return from gambling but the case of trading is totally different.

[rizqoAD]

Of course I didn't spend the Bitcoin I had, I split it in half. Half I sell and convert to fiat and the other half I hold until the Bitcoin price goes up high, I really need to be able to enter and exit trades quickly and precisely to make a profit. This strategy is done because I think it is suitable for me as a day trade or long term if you don't want to miss the moment of rising Bitcoin prices.

[Tigerheart3026]

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.

you are right maybe, btw i heard something like that happened with one of my friend, he ordered a hardware wallet and when it's shipped in custom btw can not receive to custom i don't know what happen exactly.

[coupable]

After reading all th previous replies, i can say that i am the first one to admit that he is spending al the bitcoins he ever got.
Back to 2014 when mining was introduced to me for the first time (also first time to know about bitcoin), i owned considerable amounts of bitcoin but sold them at any time i need. Actually, i still win some btc but it's all spent because i am running a commercial business and need money often.
I bet on useless shitcoins i received from free airdrops/giveaways but all of them didn't get any value, they are still in my wallet as collectibles. 

[leea-1334]

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.

That is nonsense and never happens. And they did explain it but anybody who has ever bought something from overseas will tell you, customs are only interested in 1> How much is the value of the thing you brought it 2> Is it allowed to be brought in 3> Is it taxable from customs.

This is what decides how much they tax you if any,,, they do not care if you used gold, dollars, shells,,, and have no authority to find out anyway.

[Ziskinberg]

Do you spend your Bitcoin?
Absolutely, YES. I think everyone does.

After reading all th previous replies, i can say that i am the first one to admit that he is spending al the bitcoins he ever got.
Back to 2014 when mining was introduced to me for the first time (also first time to know about bitcoin), i owned considerable amounts of bitcoin but sold them at any time i need. Actually, i still win some btc but it's all spent because i am running a commercial business and eed money often .

Well, you have the purpose of spending them and I think we all have that. HOLD and HOLD, I don't think that was necessary, as long as it was for good and it was important that it needs to address, no doubt I'm still doing the same.
To solely invest in crypto wasn't a healthy idea IMO. I converted some of my Bitcoin to our local currency of some investment outside. yes, it didn't look more profiting compared to crypto but what I think is that, I can share this with my family.

[RiskySanchez]

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?

Bitcoin is a masterpiece investment and there are no plans to exit the market, HODLl is the best way to keep bitcoin and our money safe in the long term, i will wait until it hits 10,000 USD price. Forget about charts and stay calm then sell it at the right time

[BennyT]

Spend Bitcoin? Never spend assets. Loan against your assets, spend cash.

[19Nov16]

Some time ago i was shopping online to buy a jacket and the site can accept bitcoin, and i spent $35 worth but the thing that makes me regret is the expensive bitcoin transaction fee, i hope more miners lower the transaction fee so it will be easy to skyrocket again

[zshibinu]

Just hodl

[proTECH77]

I just spend my bitcoin few hours ago when the price of bitcoin hit $68k, that help me to make a suitable profit from my investments. It was not easy for me to make a huge amount of money from my investments because I nearly give up in holding until the price of bitcoin increase higher all expectedly in the market to surprise their customers.With the help of my personal research i carried out few days ago that gave me hope concern the massive pumping of bitcoin price is that is demonstrating now.
Holding for long is very easy to make a good profit  when the price of bitcoin increase or try to increase in the market to prepare the mind of the bitcoin users that profit earning is very approaching in the community.

[Maidak]

Spend Bitcoin? Never spend assets. Loan against your assets, spend cash.

There is no success alone with Hodl, Profit must also be taken by estimating the time and opportunity.

Bitcoin I bought about 3/4 years ago is still in my wallet. It has been around for about 4 years. Idle money I have after spending my daily necessities, I always convert to Bitcoin. Speaking of spending bitcoin, my initial target is $100K. I will fix my profit when the price will be reached the target once.

[gabbie2010]

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.

That was exactly what I usually do if there is the need to sell some of bitcoin to buy or pay for services and if there is no other alternative means, of course I prefers selling some to avoid borrowing some money to solve some of these essential needs, thus I never regret selling some of my bitcoin having solved some of financial need at my crucial time of need, though It is my wish to continue to hodl however financial circumstances wouldn't allow me to continue to hodl it.

[fullhdpixel]

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

I am not spending my bitcoins for something unusual or new things but I am spending my bitcoin for my living hence I am able to buy everything I wish to. If you are referring about spending bitcoin directly then I am sorry I am just converting my bitcoin into cash because there are very very less merchants are directly accepting bitcoins  in my country.

Do you have exit strategy or you will spend it after you can buy your desired thing?

I just plan up to hold bitcoins for my entire life because I strongly believe into the bitcoin's potential. I already started using my bitcoins for my living hence I believe I do not need any target levels so that I will sell to use bitcoinss. I mean I already started using my bitcoins then I guess there will be no exit strategy is required.

[laurenB7742]

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

I am not spending my bitcoins for something unusual or new things but I am spending my bitcoin for my living hence I am able to buy everything I wish to. If you are referring about spending bitcoin directly then I am sorry I am just converting my bitcoin into cash because there are very very less merchants are directly accepting bitcoins  in my country.

Most often I spend my Bitcoin for gambling purposes, that's why I do not have to rely on merchants to use my Bitcoin directly. Since you don't have enough merchants at your location you can use your coin to take services from online, like I pay the bill to my VPN service provider via BTC.

Do you have exit strategy or you will spend it after you can buy your desired thing?

I just plan up to hold bitcoins for my entire life because I strongly believe into the bitcoin's potential. I already started using my bitcoins for my living hence I believe I do not need any target levels so that I will sell to use bitcoinss. I mean I already started using my bitcoins then I guess there will be no exit strategy is required.

Very commendable initiative, hopefully only Bitcoin is perfect for long-term holding. Instead of depositing money in the bank, I also buy a certain amount of bitcoin every month to secure my future.