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Author Topic: Do you spend your Bitcoin?  (Read 1165 times)
sherenikaw
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November 08, 2021, 10:19:48 PM
 #161

I kept it, but on some occasions I also sold it for my needs. I don't spend it for sale because the investment continues to spin and if you still want to continue investing then we can't spend it. everyone has a different view of holding or spending their bitcoin, the important thing is that we can manage it well. bitcoin is a good coin if we can use it well to invest.

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November 08, 2021, 11:48:08 PM
 #162

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.
Rule is simple ; don't invest more than you can afford to lose. And personally i can't afford to lose any amount. My business always ask for liquidity so i have to always provide cash to complete several deals. I frequently spend bitcoin to have a party alo and not just for urgent needs.
Deeply, i wish i have invested even a small amount of money in Hodl, especially i am in th bitcoin sector since many years. Maybe the best is yet to come. Smiley

 
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November 08, 2021, 11:56:24 PM
 #163

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.
Rule is simple ; don't invest more than you can afford to lose. And personally i can't afford to lose any amount. My business always ask for liquidity so i have to always provide cash to complete several deals. I frequently spend bitcoin to have a party alo and not just for urgent needs.
Deeply, i wish i have invested even a small amount of money in Hodl, especially i am in th bitcoin sector since many years. Maybe the best is yet to come. Smiley

well, i guess everyone has that kind of regret but we all know we can only regret so much . better think for our future and plan things that you know may influence your journey. i spend from time to time, but only for necessary things. as much as possible, i want to hold whatever i have and look for other options how to increase my portfolio. right now, we have several good options other than btc, there are also good projects that are worth following and investing. just look at the top 20 alts and you will definitely get something good out of it.

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November 09, 2021, 06:00:31 PM
Last edit: November 13, 2021, 07:48:28 PM by coupable
 #164

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.
Rule is simple ; don't invest more than you can afford to lose. And personally i can't afford to lose any amount. My business always ask for liquidity so i have to always provide cash to complete several deals. I frequently spend bitcoin to have a party alo and not just for urgent needs.
Deeply, i wish i have invested even a small amount of money in Hodl, especially i am in th bitcoin sector since many years. Maybe the best is yet to come. Smiley

well, i guess everyone has that kind of regret but we all know we can only regret so much . better think for our future and plan things that you know may influence your journey. i spend from time to time, but only for necessary things. as much as possible, i want to hold whatever i have and look for other options how to increase my portfolio. right now, we have several good options other than btc, there are also good projects that are worth following and investing. just look at the top 20 alts and you will definitely get something good out of it.
Well, i don't honestly see good opportunities in alts. Especially for long term hold. None but bitcoin has potential for expnding growth and has no competitors.
Two years ago i was interested in Grin (after the forum started accepting it as payment for copper memberships) but the project is still facing some serious difficulties about developement. Grin project was the first to use MimbleWimble protocol but few time later there appear more projects (BEAM and few others) with additional features which left Grin with a lack of developement.
If someoene don't know too much about the success factors for the project he hodl its token, maybe it's better to sell at the first profitable occasion and bet on BTC or at least betting on one of the top 100 cmc for safe investment experience.

 
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November 10, 2021, 06:50:58 PM
 #165

Well! I not have Bitcoin but if I had, I hold it and wait for the 100k price of bitcoin then I get profit. And it is not time to spend bitcoin it is time of buy and hold Bitcoin for future because the future is related with Cryptocurrency and Bitcoin is best coin of Cryptocurrency.

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November 11, 2021, 10:31:17 AM
 #166

I currently don't have bitcoins anymore. I only hold altcoins. however, i sold the bitcoins i had in the past for things like other investments, or FUD. Well, if you ask me if I regret it or not, I'm really sorry.
however, that is already past. other than that I exchanged it for other investments, namely property assets. although it's not finished yet, at least I didn't lose 100%. but still it makes me rethink what i did in the past.

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November 11, 2021, 11:45:48 AM
 #167

I kept it, but on some occasions I also sold it for my needs. I don't spend it for sale because the investment continues to spin and if you still want to continue investing then we can't spend it. everyone has a different view of holding or spending their bitcoin, the important thing is that we can manage it well. bitcoin is a good coin if we can use it well to invest.
but if everyone will keep holding bitcoin then what would happen to the price? how can this be grow if not circulated?
this is a Money that in form of electronic so for this to have stay value it must be spent wisely.
Well! I not have Bitcoin but if I had, I hold it and wait for the 100k price of bitcoin then I get profit. And it is not time to spend bitcoin it is time of buy and hold Bitcoin for future because the future is related with Cryptocurrency and Bitcoin is best coin of Cryptocurrency.
the question is clear, how to spend or do you spend bitcoin and if you don't have then best not to post here because you want to be a Holder and not appropriate in this thread.

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November 26, 2021, 04:01:52 AM
 #168

I never got a chance to spend my bitcoin ever; maybe because I didn’t buy anything that big. But I am looking for a new property and might use bitcoin for the purchase.
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November 26, 2021, 05:53:33 AM
 #169

it seems, the current conditions, people who have bitcoins are very difficult to sell the bitcoins they have, except in a state of urgency.
rumors that prices could go as high as $70k to $100k have really been seen. this is different from a few years ago when bitcoin prices were still quite cheap. currently the price of bitcoin is very expensive, and tends to rise continuously. however, if it wasn't in a state of urgency, or business, I think people would continue to hold the bitcoins they own.
personally I currently don't have bitcoins. however, even when I own an altcoin, I don't want to sell it right now.

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November 26, 2021, 07:00:48 AM
 #170

I never got a chance to spend my bitcoin ever; maybe because I didn’t buy anything that big. But I am looking for a new property and might use bitcoin for the purchase.
You have not even spend a single satoshi before but planning to Purchase a property ? well sounds believable  Grin Grin Grin

why not try using first buying at least a gadget then next to follow that property buying  Grin

Well! I not have Bitcoin but if I had, I hold it and wait for the 100k price of bitcoin then I get profit. And it is not time to spend bitcoin it is time of buy and hold Bitcoin for future because the future is related with Cryptocurrency and Bitcoin is best coin of Cryptocurrency.
yeah , you can't even earn but planning to buy for something , try gaining first and then decide .

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November 26, 2021, 07:20:23 AM
 #171

Am just holding - don't have a lot so no point converting it to Cash and then it will be wasted on some useless expense. I have always considered Bitcoin to be a store of value, like gold, which I prefer to just keep and never sell.

Yes, the value of bitcoin will rise, perhaps up to eternity, however I won't be alive to see it - but the same thing is true for all assets that we keep for later - like house, land, gold even shares of companies that are ever green. Hopefully someday, someone from the family will take it up further and keep growing it as long as they exist.

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November 27, 2021, 04:03:23 AM
 #172

it seems, the current conditions, people who have bitcoins are very difficult to sell the bitcoins they have, except in a state of urgency.
rumors that prices could go as high as $70k to $100k have really been seen. this is different from a few years ago when bitcoin prices were still quite cheap. currently the price of bitcoin is very expensive, and tends to rise continuously. however, if it wasn't in a state of urgency, or business, I think people would continue to hold the bitcoins they own.
personally I currently don't have bitcoins. however, even when I own an altcoin, I don't want to sell it right now.
obviously in a pretty good bitcoin situation, of course, if there is no urgent need, it seems like it would be a loss to sell it. Moreover, the current situation of bitcoin is indeed not very stable, because every time it reaches renewable ATH, bitcoin will make a very deep correction and to surpass the old ATH it seems now rather difficult to do.

the momentum that bitcoin has to do is really hit $70K first because this value hasn't been exceeded for a while, after that it just started to reach higher values ​​and as you said and many have predicted that $100K will be reached by the end of this year, but there should be a move towards $70K first. we wait patiently for it because bitcoin will be able to do even though the time is very near.

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Nutrient
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November 27, 2021, 08:36:16 AM
 #173

Different strokes for different folks. It highly depends on one’s personal growth and nobody can dictate to you how to go about your wealth. Have a game plan. The game plan will determine whether to Hodl or sell and every other in between.
Cryptmuster
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November 27, 2021, 09:32:56 AM
 #174

I currently don't have bitcoins anymore. I only hold altcoins. however, i sold the bitcoins i had in the past for things like other investments, or FUD. Well, if you ask me if I regret it or not, I'm really sorry.
however, that is already past. other than that I exchanged it for other investments, namely property assets. although it's not finished yet, at least I didn't lose 100%. but still it makes me rethink what i did in the past.

I had the chance to choose to stay in bitcoin, or go to altcoins. I made a choice in favor of altcoins and later regretted it. This was in the past, now I am trying to accumulate bitcoin, but I still have altcoins in my portfolio. My experience shows that holding Bitcoin is the most profitable strategy, I hope in the future I will have a completely, transition to Bitcoin.

 
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November 27, 2021, 10:31:07 AM
 #175

Bitcoin is tend for payments so yes I am spending mine if given a chance , like in some situation that i need to pay someone i know and instead of Fiat i am asking them to receive Bitcoin instead and with that they are starting to ask what is this and i am also  gaining chance to lure them learning bitcoin.
so i have two birds in one shot right?
though this not happens mostly because they are denying the chance of having bitcoin.

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November 27, 2021, 11:47:12 AM
 #176

I spend my bitcoin for buy a new honda and It was good for me. But I also spend my bitcoin for my few projects. Now a days,  It is very hard to buy bitcoin for increasing the value of it. I hold but I don't have any money that time and I have a few amount of btc in my wallet but it is spoiled for accountant problem.

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November 27, 2021, 04:27:39 PM
 #177

Bitcoin is not money. It's a value. The biggest mistake in the universe is spending Bitcoin for fiat money.
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November 27, 2021, 11:02:40 PM
 #178

spend bitcoin just for needed.
but, most of my coin activity just store in wallet, hold for a long time, than sell when the price is good enough.
Bitcoin is not money. It's a value. The biggest mistake in the universe is spending Bitcoin for fiat money.
its no mistake if it useful for daily life. in the end, people will use investment salary for their desire. you have decision to upgrade the fund, or take it as your salary.

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December 01, 2021, 06:36:57 AM
 #179

No, I don’t. I am someone who believes in the fact that bitcoin is an asset and shouldn’t be spent every now and then.
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December 01, 2021, 08:25:17 AM
 #180

I spent bitcoins to build a house and buy a car for my family, actually I don't want to spend bitcoins because I want to make bitcoins an asset for the future but because of family needs, I have to spend bitcoins.

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