Are you ready to spend crypto when market is down

[passwordnow]

That's not really a matter when a person spends their crypto whether it's currently at a high price or during its low. The essence is there that it's being used. No matter what the price is as long as there's usage on it and an individual spends it then that's the actual use of it. But if not, then that's how a lot of us see crypto, as an investment. I think with this concern, it's important to know it because there are countries that are too strict with this implementation for crypto or any specific of it as a security.

[cafee_orange]

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?

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

right, I agree with what you said. it is not right to release crypto in bad market conditions. this is a form of someone's greed if they release their crypto in such conditions, even though the crypto has a good future. the point is, whatever the conditions experienced by many Crypto holders, if the situation is not urgent it is better to hold your crypto until time and market conditions are on your side. this is a bit of a suggestion from me

[summonerrk]

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?

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?

It's okay, because there are a huge number of services that accept Bitcoins:
eBay - a platform for electronic auctions; Amazon is the largest online hypermarket where they order everything from food to jewelry; overstock – household goods; on Newegg – an online hypermarket, children's toys and household goods; eGifter – equipment, sports goods.Nafa - gift cards for making purchases in Flipcard– book exhibition, PVRCinemas.
And many others!

[wmaurik]

No one is good enough as you think, people are using crypto to trade or spend even we are in a bear market because they are not using the coins they bought at a high price. They use fiat to buy crypto and spend instantly, they don't lose anything. I'm also using crypto to buy some items, but I'm not using my investments. I just buy them at the current price on the exchange and use them for payment.

In essence, everyone does not want to lose and will always avoid losses through anything as much as possible at this time. Because there comes a time when one has to stick with fiat by not sacrificing their crypto or investment at this point. But there are also those who sell crypto when they see that there is a slight profit which these profits can also be used to shop for other things because on the other hand there are no losses as long as the capital is still visible.

[Lubang Bawah]

Of course this is a difficult decision because we have to sell when the market is down or we have to lose money, sometimes investing makes us ready for all conditions, and my experience is when the market down in early 2022 or a year ago I was happy because I was still selling some crypto assets at the price is higher than now, I once bought at $ 56k, then I sold when the price was $ 38k, of course I made a loss but that's better than holding on until now.

[stadus]

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?

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?

spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing.

Aside from that, I think most of the people are just into holding their coins until such time the coins will attain the imaginary line that they thought before cashing it and that means that even if offline/online stores will accept cryptocurrencies as a form of payment, people will still pay via fiat and not crypto because it will just be wasted especially when the market is down. Most of investors aim to buy low and sell high, and not buy high and sell low.

[Xampeuu]

Of course this is a difficult decision because we have to sell when the market is down or we have to lose money, sometimes investing makes us ready for all conditions, and my experience is when the market down in early 2022 or a year ago I was happy because I was still selling some crypto assets at the price is higher than now, I once bought at $ 56k, then I sold when the price was $ 38k, of course I made a loss but that's better than holding on until now.

and if only we knew after letting it go and buying for $16k yesterday, then it would be much quieter now to hold on to it. I think that's the risk, and we must really understand the risks that might occur, because in trading or investing we must be able to accept whatever happens with the decisions we make. how can an investor survive, I think because they can take advantage of the moment and dare to take risks with confidence in the analysis that has been prepared

[Fredomago]

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?

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?

spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing.

Aside from that, I think most of the people are just into holding their coins until such time the coins will attain the imaginary line that they thought before cashing it and that means that even if offline/online stores will accept cryptocurrencies as a form of payment, people will still pay via fiat and not crypto because it will just be wasted especially when the market is down. Most of investors aim to buy low and sell high, and not buy high and sell low.

Most of them are into investment so I will take your opinion in terms of instead of paying using crypto even the offline/online stores are accepting is as a mode of payment, those who are holding crypto will continue to use fiat and not to let their crypto as they are hoping that they will manage to gain from this investment market that they've chosen.

Unless, this holder is already fearing the chance of more downfall or they are really engaged with crypto-ecosystem with the knowledge that they have in terms of cryptocurrency.

[nara1892]

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

There are also instances where you need it in an emergency, so you don't have a choice but to spend it, or else you will borrow money from others just for your emergency. Though it would be really great if we kept holding this for a longer period of time and stopped the panic selling on it or just spent it because you want to buy your wants since you'll gain more profit in the long run, again, we can't dictate to people as it's their money and everything they can do for it, but this is just advice if they want to gain more profit.

I think when we talk about emergency funds, before we invest our money here, the main thing is to manage finances, which of course makes an emergency fund available.
after dividing for needs, buying what we want and setting up a new emergency fund, the rest is used as an investment so that things like you said don't happen.
We must be aware that investing is not only 1 or 2 months that can be taken if you want to get a profit but this requires a process so when you are still looking at this for an emergency fund, apart from needing to manage your finances even better and don't touch the investment it is something good because it is even if it is done several times when you are still confused about placing emergency funds and investments, the result will still be the same in the end.

[Fara Chan]

Here have a different point of view, we have a different perspective, those who invest in Bitcoin certainly will not sell in a declining market because this is not a smart move and is not worth doing and doing a good job, they will not sell but buy for add investment assets, but for those who may be experiencing difficulties with their finances, they will sell some of their assets even though the market is declining.

If there are other options that can be sacrificed or used to cover existing difficulties, it's better not to sell your Bitcoin even if it's only half of the total assets you have. Because for me Bitcoin is more valuable than other cryptocurrencies now, so I will choose another option for me to sacrifice if I encounter unexpected difficulties. So don't be too hasty in making a decision to sell half of the assets you already own if you can still use other options to overcome a difficulty.

We can use other options, and one of them is when we have cryptocurrencies other than Bitcoin, for example we are talking about Altcoins, when you have Bitcoin and Altcoins, a real alternative that can be used when you are in a difficult position, they can sacrifice their Altcoins instead of Bitcoin, save Bitcon and use Altcoins to meet difficult circumstances and very urgent needs, and maybe this is an effective option when we have both, keep Bitcoin for a better hold.

[Cookdata]

Aside from that, I think most of the people are just into holding their coins until such time the coins will attain the imaginary line that they thought before cashing it and that means that even if offline/online stores will accept cryptocurrencies as a form of payment, people will still pay via fiat and not crypto because it will just be wasted especially when the market is down. Most of investors aim to buy low and sell high, and not buy high and sell low.

People tend to spend their coins in stores when they shouldn't; the store will profit more in the future, even during a bull market, retailers become less frequented by consumers holding crypto, which is when they should be spending.
It is unwise to spend much during crypto winter, not that it is a bad thing to do, but it should be a time when you should buy more, it is an opportunity to buy and hold them and unload them when the price appreciated, and that should even be the price at which you should spend more them (I mean altcoins and other shitcoins) for the courage you have endured when people are selling their bags.

[DanWalker]

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?

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?

spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing.

Indeed, except for emergencies, and there is no better option, then I will sell my investment. There is no reason to sell or use my crypto during the bear season. Our goal in investing is to make a profit, and to do that is to buy low and sell high, and a bear market is a time to buy, not sell. Honestly, I believe it's a waste of money to spend bitcoins or potential coins on everyday purchases when we already have fiat available for us to spend.

[wmaurik]

We can use other options, and one of them is when we have cryptocurrencies other than Bitcoin, for example we are talking about Altcoins, when you have Bitcoin and Altcoins, a real alternative that can be used when you are in a difficult position, they can sacrifice their Altcoins instead of Bitcoin, save Bitcon and use Altcoins to meet difficult circumstances and very urgent needs, and maybe this is an effective option when we have both, keep Bitcoin for a better hold.

I also think that way because it's pretty clear that when there are others to be sacrificed in order to solve a problem, then Bitcoin should be kept safely undisturbed. After all, any unstable altcoin is not at all good for long-term storage and this is certainly very different from Bitcoin, which is always more suitable for long-term storage. But I personally always have a reserve fund available to deal with difficulties in life such as saving a few stablecoins before exchanging them for the fiat I need, because that can also be a very good option.

[Vishnu.Reang]

Yes I always ready to spend  crypto when market is down because  when market is down then price are lower. The value has multiplied thousands of times over, in the course of it's history. In my opinion crypto are good with long term investment along with  crypto there are other more currencies which will give good return in long term like Ethereum, NEM, Bitgert value of these currencies will increase in future. Currently crypto is very important as well as future, world is going towards digitalization and in these digital world crypto plays vital role in future for trading and businesses.

[flyingcarpet]

If the whole world is integrated into this system, of course, I will not hesitate to spend it. If it is not integrated, I will continue to see it as an investment tool. One day this will surely happen. We will make our spending on crypto money. Maybe it will be a long time, but one day it will.

[Sayeds56]

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?

Indeed, it is a positive development that businesses have started accepting crypto currencies as form of payment, but still it is in early stage and many merchants are reluctant to accept them.. The decision to spend or hold crypto assets is a personnel decision, however I am not inclined to start spending my crypto assets at this stage. This is because I firmly believe that my digital asset will appreciate many folds in coming months and years.

[EarnOnVictor]

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?

Indeed, it is a positive development that businesses have started accepting crypto currencies as form of payment, but still it is in early stage and many merchants are reluctant to accept them.. The decision to spend or hold crypto assets is a personnel decision, however I am not inclined to start spending my crypto assets at this stage. This is because I firmly believe that my digital asset will appreciate many folds in coming months and years.

We should continue to get ready for more adoption of cryptocurrency in the near future, and if you would agree with me, it might be slow but the business number is increasing yearly.

That said, it will be so painful if someone could not spend their crypto at a reasonable price but be spending it at lower prices. This present price of almost $30k is still nice, what of those that would have forwardly spent theirs around $15,500 last year? They can't feel good about that now as the price doubled a few months after.

Lastly, as we all wait for the big Bitcoin event next year, no one should be dumping theirs, we should find a way to buy more and keep it for over a year (a good investment opportunity).

[Wend]

If the whole world is integrated into this system, of course, I will not hesitate to spend it. If it is not integrated, I will continue to see it as an investment tool. One day this will surely happen. We will make our spending on crypto money. Maybe it will be a long time, but one day it will.

If you want to wait until that day, I think it will take a long time and maybe even impossible in our generation. I never thought about cryptocurrency (bitcoin) being used worldwide as a currency, I don't believe governments would accept that. As long as the government doesn't control bitcoin, they will never use it to replace fiat, but controlling bitcoin as we know it is almost impossible.

[usekevin]

If anyone discussed about the making or trading off bitcoin.The experiment can’t be complete without experiment of the bitcoin.Many online stored accepted the bitcoin as their mode of payments,So the demand of the bitcoin will not reduce.When the crypto currency market fall and you are not having the savings for expenses.Then I will sell sell some of the altcoin for my expenses and hold the balance for the future trading and wait for the market pump for the crypto trading.Bear market influence the crypto currency a lot.It will check whether you are holding till the coins till the market react.

[ammo121810]

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?

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?

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.