Are you ready to spend crypto when market is down

[My ThuiHa]

I am not ready yet. While I can accept payments in cryptocurrencies, I will consider how payment in cryptocurrencies might affect or affect me. I may find it novel to use cryptocurrencies for payment, and I will not always use cryptocurrencies for payment. I am still used to investing in cryptocurrencies for profit.

[CODE200]

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

I think the idea of selling without even knowing anything about it or like hearing some news makes a person or should we called beginner trader is a general trader that somehow based only on looking at a chart in the market. Morelike a short term trader. I guess a lot of trader did earned by short term trade yet the long term traders or I would called them veteran trader woould use technical analysis. And that's when you said that downtrend or red days might also be a way to earn. Just like in futures and other trading platforms.

But for my own idea. I guess depends on the person if he has a quite knowledge in short term or long term trading. We must know what we're involving our funds and learn to research about it. Wheter it is good to sell when market is down or to hold until it goes up again.

[mvdheuvel1983]

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

I am a long-term holder and I also spend bitcoin in places where it is accepted.
I see nothing wrong in treating it both as a currency and a security investment. It shouldn't be one or the other. It should be one and the other. That is what keeps it going. It is part of the dream of Satoshi to create something that wouldn't need an intermediary for transactions.

[monineklutak]

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.

It's just that the reality is that trash coins will continue to exist and we can't stop it,
Bitcoin is totally different and that's no doubt about it,
what is clear investing in Bitcoin is much more promising and safer

[wmaurik]

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

That is very logical, because everyone will clearly see the good opportunities that can still happen in the future. So continuing to save assets and then continuing to try to add assets to the same model is a very extraordinary option as long as everyone is able to hold it without any worries, because I personally also still save assets and never spend it unless there is an urgent need. After all, I have never panicked about the current conditions and I still really believe in the potential of the assets that I hold now, especially in Bitcoin.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Everyone's mindset is also different on this matter because everyone also has their own reasons why they have to sell in conditions like now. Although those who prefer to sell altcoins when they need money and keep Bitcoin under any circumstances are people who are extremely patient and I also really like their method because I also sacrifice altcoins very often in order to keep Bitcoins until now.

[Chrlie95]

it's important to consider the fact that cryptocurrency is not just a speculative asset, it was originally designed to be a means of exchange,  If we only hold crypto and never use it in exchange, then we risk losing the meaning of what makes cryptocurrency valuable in the first place. Also, there are some fintech companies that work on leverage system to solve this problem.

[Gozie51]

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

[Jody.Drummer]

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

That is very logical, because everyone will clearly see the good opportunities that can still happen in the future. So continuing to save assets and then continuing to try to add assets to the same model is a very extraordinary option as long as everyone is able to hold it without any worries, because I personally also still save assets and never spend it unless there is an urgent need. After all, I have never panicked about the current conditions and I still really believe in the potential of the assets that I hold now, especially in Bitcoin.

Yes, there's nothing to worry about, moreover what we hold is bitcoin. Bitcoin is an asset that is highly recommended to be purchased in a bear market like this, so that when other people are competing to buy, we instead sell just because of unreasonable panic or seeing a lot of FUD devoted to bitcoin.
As we know that bitcoin has a cycle where the bear market always occurs, and this year is the year that the bear market predicts and really comes our way. We'll just have to wait a while before bitcoin finally recovers, and I think it will in a few years from now and I don't think a bull market is likely this year.

[Patrol69]

I think no investor wants to sell part of his investment at a loss. One of the ways to invest in cryptocurrency is that people use this cryptocurrency as a means of investment rather than as a means of exchange. There are many investors who invested when the market was very bullish now that they would not want to sell their crypto coins during a market down. I think every investor will wait until the market goes into strong positions.

[Fredomago]

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

That is logical if you fully believe that there's nothing to wait and the project will die along the way, if you don't see any chances for any recovery then dumping during the bear is not a bad idea, you can use the money that you can get from dumping those assets to buy a new project that may have a better chance to pump back.

Being practical is the wise thing to do during the bear season. If you can sell and try to sort for another project to support might give
You have good opportunities to recover and make some decent amount of profits.

[Hispo]

I have personally found myself in a position these days which has required me to spend some satoshis.
I do not mind, since I believe those are necessary purchases for the well-being of my family, still if I could avoid to spend at these prices, I would. I have got the feeling these two incoming years will be good for long term holders and those who took the time to accumulate.

[Renampun]

Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

85% of what I want right now is to be able to freely spend the crypto that I have as payment (too bad in my country it is still banned) but not all cryptocurrencies are suitable to spend (for purchases), some are suitable as an investment - some are not suitable, depending on the fluctuation of the crypto asset.

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

more appropriate "investment". I still remember the saying that cryptocurrency is the evolution of money - meaning you can freely make your cryptocurrency whatever it is. as an investment (short/long term) or as payment (offline/online/P2P shops).

[Ayers]

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.

But bitcoin is also a part of cryptocurrency, and it is also a cryptocurrency, a top-tier coin. And all of them have the function of serving people, so there is no need to separate them when it comes to using them for daily expenses. Speaking of investments, bitcoin is the safest but not the most profitable. Although altcoins are rubbish, and messy, but if you know how to invest and invest in the right projects, they can also make you rich. We invest in bitcoins and altcoins to make money, so there is no reason for us to reject things that can generate profit for us.

[Cryptomultiplier]

I have personally found myself in a position these days which has required me to spend some satoshis.
I do not mind, since I believe those are necessary purchases for the well-being of my family, still if I could avoid to spend at these prices, I would. I have got the feeling these two incoming years will be good for long term holders and those who took the time to accumulate.

It is certainly true that those who took the time to accumulate their Satoshis or the long term holders will profit this year. This is the way I have been feeling and you somehow voiced my thoughts.
I don't mind spending my Bitcoins on purchases, because otherwise why do I go through the pain of earning if I don't intend to spend the earnings of what would profit me. I am my best investment. My family too is not left out and enjoy every benefit that comes with earning as long as I keep earning. Investment for the future is only but a fraction of my current earnings.

[Desmong]

I am not ready yet. While I can accept payments in cryptocurrencies, I will consider how payment in cryptocurrencies might affect or affect me. I may find it novel to use cryptocurrencies for payment, and I will not always use cryptocurrencies for payment. I am still used to investing in cryptocurrencies for profit.

There are some persons who has no choice than to keep spending cryptocurrency every week for transaction and payment of services. There are some people that receive their payment in Bitcoin and you will have nothing to do than for them to keep spending it everyday to pay one bill and the other.

[o48o]

I have spent bitcoin from when it still was around $300. This is a lifestyle for me rather then just an investment. I admit that i would be rich if i had only saved it but the fact is that no one knew where the top was, just like no one knows now. Even if you spend crypto constantly you can make it more with successful trades, even during bear market if you are lucky and choose right coins.

Death of my friend and crypto trader reminded me that there's nothing wrong taking profits out once in a while. You need to remember to enjoy your profits while you are still alive.

[KennyR]

I have spent bitcoin from when it still was around $300. This is a lifestyle for me rather then just an investment. I admit that i would be rich if i had only saved it but the fact is that no one knew where the top was, just like no one knows now. Even if you spend crypto constantly you can make it more with successful trades, even during bear market if you are lucky and choose right coins.

Death of my friend and crypto trader reminded me that there's nothing wrong taking profits out once in a while. You need to remember to enjoy your profits while you are still alive.

Well said, we don't know what happens by the next minute. So, enjoying the profits is good. Even though we're in an uncertain world we need to have the hope and save little for the betterment of our life. My choice is to hold it and limit my spending. Maybe what I save could help in lowering my financial burden when I was in need or when I feel I can't work anymore.

[Hispo]

-snip-

... I am my best investment. My family too is not left out and enjoy every benefit that comes with earning as long as I keep earning. Investment for the future is only but a fraction of my current earnings.

It is about administering one's holdings, I guess.
You know, sometimes (specially in times of extreme greed) can be difficult to spend Bitcoin or even swap it for stable coins, to realize earnings. It is kind of a funny thing, it is difficult to spend at low prices because one does not want to lose the chances of profit and then when the bull market comes, it is difficult to spend because the expectations for even more profit. 

[Fredomago]

I have spent bitcoin from when it still was around $300. This is a lifestyle for me rather then just an investment. I admit that i would be rich if i had only saved it but the fact is that no one knew where the top was, just like no one knows now. Even if you spend crypto constantly you can make it more with successful trades, even during bear market if you are lucky and choose right coins.

Death of my friend and crypto trader reminded me that there's nothing wrong taking profits out once in a while. You need to remember to enjoy your profits while you are still alive.

Well said, we don't know what happens by the next minute. So, enjoying the profits is good. Even though we're in an uncertain world we need to have the hope and save little for the betterment of our life. My choice is to hold it and limit my spending. Maybe what I save could help in lowering my financial burden when I was in need or when I feel I can't work anymore.

Yeah right, if you can save your assets it can bring you a betterment in life when the market start to pump back, it's not easy though since you are witnessing how the market is moving and most of the times it is your fear that will push you to move your money, either to exchange it or use it for your personal needs.

You should always plan your expenses while still inside this market. It isn't easy in all aspects, but if you trust that the market
will bounce back, the good benefits will be harvested along the way.

[kzkazu]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.