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Author Topic: Do you spend your Bitcoin?  (Read 1135 times)
BigBos
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October 23, 2021, 01:10:10 PM
 #81

honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
  • urgent need
  • business development
So far, I have a business whose foundation is bitcoin. what I mean is, the business that I created has capital from bitcoins that I get from the internet. such as small inns, and others. So far, I still have plans to buy bitcoins from this venture.
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October 23, 2021, 01:15:31 PM
 #82

honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
  • urgent need
  • business development
So far, I have a business whose foundation is bitcoin. what I mean is, the business that I created has capital from bitcoins that I get from the internet. such as small inns, and others. So far, I still have plans to buy bitcoins from this venture.

Cool! Hoping i could build a business too . Mostly i really spend my bitcoin since i do have a family to feed which always i really need money. I am planning in saving my bitcoin and then invest into something that I still dont know. My goal now was to save and save and then if i do have enough money then i think thats the time i need to find a prospect business to invest to
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October 23, 2021, 08:43:23 PM
 #83

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 have used my Bitcoin to make a purchase once, but that was a long time ago and what I purchased with it was just Airtime. Since then I’ve never had interest in spending my Bitcoin on anything, I rather just spend my Fiat, while I continue to hold my Bitcoin in my wallet. I do see a lot of people who wish that they can spend their Bitcoin on a daily, but that’s not for me; I won’t like to be spending my Bitcoin on a daily basis,that would be making expenses that I could have just made with my fiat on Bitcoin, and it is not going to be a good idea for me. I prefer Bitcoin as an investment and nothing more than that.

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October 23, 2021, 09:10:57 PM
 #84

Cool! Hoping i could build a business too . Mostly i really spend my bitcoin since i do have a family to feed which always i really need money. I am planning in saving my bitcoin and then invest into something that I still dont know. My goal now was to save and save and then if i do have enough money then i think thats the time i need to find a prospect business to invest to

It's the same with me. Usually, I spend certain amounts of Bitcoin when the price is good and I try to accumulate when the price is low.
So far, It's a trade-off that I am comfortable with. I have made a lot of money and I've lost a lot of money. But, it all evens out.

R


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October 23, 2021, 09:52:30 PM
 #85

Do you spend your Bitcoins or just hold?
~snip~
^ This question was depend on the people who did not badly need money. Because even how I am careful storing my BTC and don't let it cash out or spend it, but once you have needed, you will always choose to cash out. But if I have BTC then I don't have a problem with the money, I always choose to invest and HODL for a long time. I believe that holding it for a long time will always get a profit and it could profitable when there is again an ATH will happen.
So, you are asking when do I spend my BTC, when I got a profit on it I usually cash out.
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October 24, 2021, 04:00:39 PM
 #86

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.

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October 24, 2021, 05:26:10 PM
 #87

~
It is up to them actually. No one forces to buy nor invest in Bitcoin.
Let us cross out the price, because people look too much into the value, while not looking to its utility where it allows people to have the usual transaction without worrying any authorities. People think that Bitcoin is a money-maker while it is not.
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October 24, 2021, 05:36:18 PM
 #88

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?

Like what I told in previous threads like these, I used to spend my BTCs back in 2017 (1 BTC = ~$4,000) in order to purchase books and educational materials during college. As someone who grew up with a single dad raising a family of 5, I was the least priority in terms of receiving financial support as it was focused more to my younger siblings.

Participating into campaign signatures provided me the opportunity to purchase books which significantly helped me throughout college life. After graduating college, that was the only time I started to HODL. I plan on HODLing until by the end of 2022 where I can finally cash-out some of the BTCs in order to purchase a 2nd-hand car.

R


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October 24, 2021, 06:19:50 PM
 #89

Personally I do a bit of both.  I spend and save bitcoin.  Personally to me, I think that it's important for people to use bitcoin as a currency, even though many see bitcoin as just an asset and not a currency.  In my personal opinion I feel like bitcoin is only going to succeed on a mass scale is if it's also being used as a currency. 

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October 24, 2021, 09:52:18 PM
 #90

Personally I do a bit of both.  I spend and save bitcoin.  Personally to me, I think that it's important for people to use bitcoin as a currency, even though many see bitcoin as just an asset and not a currency.  In my personal opinion I feel like bitcoin is only going to succeed on a mass scale is if it's also being used as a currency. 
The real reason for the creation of Bitcoin is to use them as a decentralized currency and sometimes users tend to ignore that basic fact and view the market as a speculative asset. I do use Bitcoin to purchase goods and services and majority of the time i use them to gamble even though i use other alts as well, so yes i do spend the coins and i do accept your opinion that Bitcoin can scale only when it is considered as a currency first and an asset second.
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October 24, 2021, 10:24:32 PM
 #91

I spend and also hold some until the price in the market is what I want, and I continue to do that with the profit I get. I know what my purpose of investing in bitcoin is so I don't have any thoughts of spending all of it to meet my needs, because the capital to invest is always rotating. so it must be smart to manage the assets that owned so that our investment is also smooth and can make a profit from it. that way, our needs can also be met properly.

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October 25, 2021, 03:42:12 AM
 #92

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 honestly find myself spending a lot of my bitcoin especially on places that I wouldn't want to enter my card.
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October 25, 2021, 04:52:42 AM
 #93

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 hold

I do both for different purposes. such as digital services and digital goods I more often use bitcoin because of the ease of international transactions. and I prefer crypto over credit cards. I feel more comfortable and safe using crypto. and I am also a bitcoin holder. for the long term more like a passive trader. hold as long as possible.

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October 25, 2021, 05:01:04 AM
 #94

honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
  • urgent need
  • business development
So far, I have a business whose foundation is bitcoin. what I mean is, the business that I created has capital from bitcoins that I get from the internet. such as small inns, and others. So far, I still have plans to buy bitcoins from this venture.
So the business is accepting Bitcoin>|? is that what you mean with that ?

Cool business then mate, I have also business but only some online stuff that My wife is handling , offering to accept 5 major crypto currencies .

__________________________________________________________

Like you My decision also based on how i badly needed the funds and if does then selling BITCOIN IS WHAT i do .









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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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kevinovecka (OP)
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Trusted Bitcoin escrow - escrowedbitcoin.com


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October 25, 2021, 05:18:06 AM
 #95

honestly, i wouldn't sell my bitcoins for anything else except these 2 things, namely
  • urgent need
  • business development
So far, I have a business whose foundation is bitcoin. what I mean is, the business that I created has capital from bitcoins that I get from the internet. such as small inns, and others. So far, I still have plans to buy bitcoins from this venture.

Nice!
I also have Bitcoin business I invested some btc in...
Actually the one that came up from my own stupidity and age of internet scammers.
It made me do anonymous Bitcoin escrow with small fee.
Now I only hope people will love it because it is in early stage but working perfectly and already have some positive feedback

Wish you best of luck with your biz! Smiley

Anonymous Bitcoin escrow with low fee - https://escrowedbitcoin.com/
Tigerheart3026
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October 25, 2021, 06:18:38 AM
 #96

i do not get a chance to hold bitcoin or altcoins because i have to meet my personal needs with what i earn from crypto.
0.03 btc i was owned but i sold low price below 30k$/btc.

i can not buy thing which i like because restrictions of the government.
rodskee
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October 25, 2021, 07:21:14 AM
 #97

i do not get a chance to hold bitcoin or altcoins because i have to meet my personal needs with what i earn from crypto.
0.03 btc i was owned but i sold low price below 30k$/btc.

i can not buy thing which i like because restrictions of the government.
sold at 30k? damn that is a Big amount if you have only waited for at least 3-5 months time , no wonder why you felt so desperate nowadays because of thise decision you made.

I almost done that same thing but lucky about the personal problem got settled before i made that selling point .


pickforbies
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October 25, 2021, 07:33:14 AM
 #98

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?

For me, Spend and Hodl. I mean, I spend Bitcoin to buy another Cryptos. Recently here in my country, Bitcoin can't use for payment, it's totally prohibited, But use Bitcoin as Trading Pair for buying another Assets still allowed here.

Hodl? Yeah we knew Bitcoin now on Bullish moment and many people believe will reach 100kUS$ in the of this year. I just follow the trend right now and Hold is the trend.
pickforbies
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October 25, 2021, 07:48:31 AM
 #99

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.
leea-1334
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October 25, 2021, 08:22:17 AM
 #100

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

Can you explain this more? As far as I know there is no way any government can restrict you from buying things with your BTC. I get it if people cannot trade Bitcoin itself (buy or sell for fiat),,, since exchanges and even individuals can be marked for monitoring by the government through ISP policing.

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 Smiley

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