Are you ready to spend crypto when market is down

[smile1218]

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?

For me i would rather keep my crypto currency and wait till i earn profit and will convert it to stable coin. Using crypto currency on paying on offline stores not for me i do not want to regret if the market will go high and use my crypto to pay local store for a very low price, I would rather hold it and convert it in the future. For me i treat it as an investment security because theres a possibility that the prices would go higher when the bullish season comes.

[Supreemo]

I am willing to spend some of my assets if necessary, but even if the market is in a bear market right now, I don't believe it is necessary. As long as I have extra cash, I still need to figure out how to maintain acquiring valuable tokens. If you are a holder, make sure you can keep it for up to three to five years.

first thing that you'll need to consider is if you have an extra money to spend cause even if it's bear market but you don't have any investment, still you will gain nothing to it and aside from that is you don't need to depend all of your assets in crypto as we all know that it's volatile.

[naikturun]

Currently, I have not and do not intend to do this as my daily living expenses are unrelated to my crypto investments. I have an outside main job and instead of selling crypto assets or spending it, I am still trying to accumulate more of my assets during this bear season with my salary. Your question is no different than you are asking if we are willing to sell crypto assets during bear season while everyone is trying to accumulate more crypto assets and waiting for a bull season to come.

but some people who are desperate to sell their assets, they are forced to do so maybe because they have no money, so they sell their assets.
and some thought they would wait a little longer and buy it then.
collecting money from salary is also a good thing.

[Bitcoin_people]

The cryptocurrency market should basically pay when the market is down. Not only bitcoin but all other alert coins also fluctuate according to the religion of the crypto market. If a person is interested in investing then he must analyze the market in various ways and later if he acquires skills in this regard then he should invest. But investing definitely doesn't require much skill, just common sense makes shopping easy. So buying cryptos when the market is down is not a good idea to invest when the market is up. And if you invest when the market is in a low state, you will surely get a good profit in the investment when the market pumps again later.

[jossiel]

first thing that you'll need to consider is if you have an extra money to spend cause even if it's bear market but you don't have any investment, still you will gain nothing to it and aside from that is you don't need to depend all of your assets in crypto as we all know that it's volatile.

And that's what investments are for, when we're in need, we have no choice but to spend and use it as if that's the only thing that we've got.

You'll see how investments are very important in times of need. For those that have no choice but wanting to sell, that's all they need to do. If they have the choice not to sell.

Obviously, they won't sell and will have to keep the crypto assets that they have. No one wants to sell if it takes most of their holdings.

[slapper]

The cryptocurrency market should basically pay when the market is down. Not only bitcoin but all other alert coins also fluctuate according to the religion of the crypto market. If a person is interested in investing then he must analyze the market in various ways and later if he acquires skills in this regard then he should invest. But investing definitely doesn't require much skill, just common sense makes shopping easy. So buying cryptos when the market is down is not a good idea to invest when the market is up. And if you invest when the market is in a low state, you will surely get a good profit in the investment when the market pumps again later.

How about a crypto shopping spree when prices are low? Fasten your seat belts! It's a tricky situation that depends on your investment strategy. True, snatching deals in a fall could provide tremendous rewards when fortunes improve, but beware, crypto is a tumultuous, temperamental power.

More than just smarts is needed to master crypto. It's a complex tango of data analysis, intuition, and calculated risk-taking in the market. It's a toss-up as to whether you'll come out ahead or lose a lot of money.

The decision to invest during market downturns is, ultimately, a personal one. Take your time, think things out, and brace for the unexpected.

[|MINER|]

For me i would rather keep my crypto currency and wait till i earn profit and will convert it to stable coin. Using crypto currency on paying on offline stores not for me i do not want to regret if the market will go high and use my crypto to pay local store for a very low price, I would rather hold it and convert it in the future. For me i treat it as an investment security because theres a possibility that the prices would go higher when the bullish season comes.

I would like to say to your opinion that when the market is down this is the perfect time to investment in it, it can be exceptional for the day trader but who are the long-term trader it will be wise to do investment in this time when market is down trend but in this case you have to carefull about to selection of your coin, if you invest on that project or altcoin which has no potential market and also dont have good future then the investment will waste. In this case I think for in down market it will be wise to invest on Bitcoin for longterm.

[Mate2237]

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?

We have been spending even when bitcoin and other Cryptocurrencies are in the downside and that time the transaction fee was still small so you won't to bother to so your transaction freely. But for now it is the transaction fee that is the problem and not the price of bitcoin but the transaction fee. And because of the fee people just stocked theie coins there because they don't want to lost the big amount of bitcoin.

[Agbe]

It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.

[stomachgrowls]

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?

Spending crypto when the market is down is a waste. Because the market will be up again soon and since we know that, spending during down times is just throwing money away.

It always goes up and down and up and down.

Remember that one guy who bought a pizza with what is now considered millions of dollars worth of Bitcoin? Thats the guy I think about whenever I get the urge to sell or trade my crypto for something else. Although specifically I am talking about Bitcoin, perhaps the situation is exactly the opposite with scam coins. It might be better to spend them before they become worthless...

Even on a bull run or uprising kind of moment on crypto space on which it would really be a waste on spending it out but well but for the sake of circulation and adaptation in speaking about its utility then it wouldnt

really be that a bad idea after all but we cant really deny that people would really be sharing up on the same impression and targets on which it would be sticking into that investment side of things on which we would be mainly thinking on saving it up rather than on spending on it actively.It is really just that a waste on missing out the opportunity for you to earn more via spending. This is why as much as we could and as long we do still have ways or methods on which we could really be able to save up our crypto and instead making use of our fiat as much as possible.

We arent that dumb and blind not to see those opportunities and there's no point on wasting or using up our coins just for the sake of circulation or something People would be minding on making money
no matter what.

[nimogsm]

The cryptocurrency market should basically pay when the market is down. Not only bitcoin but all other alert coins also fluctuate according to the religion of the crypto market. If a person is interested in investing then he must analyze the market in various ways and later if he acquires skills in this regard then he should invest. But investing definitely doesn't require much skill, just common sense makes shopping easy. So buying cryptos when the market is down is not a good idea to invest when the market is up. And if you invest when the market is in a low state, you will surely get a good profit in the investment when the market pumps again later.

It seems to me that these are standard actions under the conditions in which the market is located. For example, I always have a sum in usdt for which I buy assets when they are at an attractive price, and this amount can also be spent if I need to.Having a reserve is the best scheme to help when the market turns sharply in the wrong direction.

[Twentyonepaylots]

It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.

Agree, different situations should be considered like for example some would choose to sell at high price given that they reach a significant amount of profit since through this they can use the converted money to buy something. Some would really choose to spend the crypto directly since there is an increasing number of stores that accepting it. But given those scenarios, I think I would still settle in selling in high price of crypto so that I can use the profit to buy this given it is in fiat currency and use the capital money to convert it again given that price drops. So, it really boils down to a personal preference to how you would see its greater impact and greater value when used in purchasing as a payment.

[Inwestour]

It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.

Investing requires great knowledge and understanding of the market, you can't just start buying at any point in time and expect your investment to be profitable. And you also can’t sell / spend your investments at any time, because in this case there will be no good result.

Those who sell now, no matter for what reasons, will miss the opportunity to make good profits in the future. Yes, there are forced expenses when the situation may force you to sell, but this can be avoided if a person has good financial planning.

[Aikidoka]

Investing requires great knowledge and understanding of the market, you can't just start buying at any point in time and expect your investment to be profitable. And you also can’t sell / spend your investments at any time, because in this case there will be no good result.

Those who sell now, no matter for what reasons, will miss the opportunity to make good profits in the future. Yes, there are forced expenses when the situation may force you to sell, but this can be avoided if a person has good financial planning.

Well said. It all depends on people's decisions and mentality and you have no right to change that. However, you can offer an advice to help them prevent huge mistakes.

Personally, I'm avoiding using my crypto when the market is down because every single satoshi I spend now would be lost as an investment. I'm pretty sure it will double or gain much more value in the future. If a person needs to sell for emergency cases then it's more than understandable. However, if you don't need to spend your bitcoin it's better to keep them safe and not use them right now since the market is down.

I don't wanna miss the opportunity for maximum profit when good days come, these opportunities come once in years, so it's better to take advantage of them and use your investment wisely.

[reizella28]

It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.

Investing requires great knowledge and understanding of the market, you can't just start buying at any point in time and expect your investment to be profitable. And you also can’t sell / spend your investments at any time, because in this case there will be no good result.

Those who sell now, no matter for what reasons, will miss the opportunity to make good profits in the future. Yes, there are forced expenses when the situation may force you to sell, but this can be avoided if a person has good financial planning.

Yes, learning when to go in the market when investing is also a huge part to determine if you could get a profitable situation. You'll have to assess the market's situation to avoid your funds to get easily liquidated. It's fine to take your time if you think it's not the good time to invest in the current market situation, then wait for it since there's no late for people when it comes to investing.

[wmaurik]

For me i would rather keep my crypto currency and wait till i earn profit and will convert it to stable coin. Using crypto currency on paying on offline stores not for me i do not want to regret if the market will go high and use my crypto to pay local store for a very low price, I would rather hold it and convert it in the future. For me i treat it as an investment security because theres a possibility that the prices would go higher when the bullish season comes.

This means that you still really believe in price increases during the bullish season. I think that is also a very good thing because further bullishness is still possible for Bitcoin, but what is still blocking it now is the price correction that is still happening in the market.

And for cryptocurrencies that have been properly guarded and stored for the future, it is clear that it will be very detrimental if they are spent at offline stores that actually still accept fiat money as a means of payment. So there is no need to throw away crypto currency if we can still use fiat currency to meet our human needs, because offline store owners also really like crypto currency and will keep it too for future profits.

[Fredomago]

For me i would rather keep my crypto currency and wait till i earn profit and will convert it to stable coin. Using crypto currency on paying on offline stores not for me i do not want to regret if the market will go high and use my crypto to pay local store for a very low price, I would rather hold it and convert it in the future. For me i treat it as an investment security because theres a possibility that the prices would go higher when the bullish season comes.

This means that you still really believe in price increases during the bullish season. I think that is also a very good thing because further bullishness is still possible for Bitcoin, but what is still blocking it now is the price correction that is still happening in the market.

And for cryptocurrencies that have been properly guarded and stored for the future, it is clear that it will be very detrimental if they are spent at offline stores that actually still accept fiat money as a means of payment. So there is no need to throw away crypto currency if we can still use fiat currency to meet our human needs, because offline store owners also really like crypto currency and will keep it too for future profits.

Yes, if you believe that the market can still reverse back after this correction then better to keep your asset and not to sell it out or use it, for sure there are more investors and holders who use crypto for investment compared to those who use crypto for the sole purpose of this alternative currency. It's a tough decision to make as you can see that the value of your asset is not performing well, sad thing for some holders who got an emergency thing to address as they needed to sell out or spend their crypto even the value still down.

[odunybiz]

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?

As for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.

There are emergency cases where you can't avoid using your asset to buy something, or exchange your asset to your local fiat for something that you really can't avoid to happen, but those who are capable of holding and continue adding more assets to their wallets, for them using their crypto will not be a good options, instead of using it they will keep buying while the value is still cheap.

We know that there are different investors and holders who are willing to hold and wait until the value of their assets reached the target value that they want to sell.

You are right about the case of emergency where there isn't any other hope than selling from your wallet. I could remember when I sold my matic at $0.48 just because that's all I have to solve my recent situation. But it better for one to avoid it as a hodler if it's possible.

[asyakashi]

I'm sure they won't spend all of it on a down market. because the decline can occur in a defensive manner, not in one round. maybe we have to wait for where the strongest support point is to really be sure where when we buy it at a price we think is already cheap the next round is the increase we will be waiting for not long I'm sure all traders will understand about this where they really have to really understand about managing their own assets.

[Doan9269]

You have to sell cryptocurrency in a falling market in time, otherwise you might find yourself selling at the very bottom. Unfortunately, it's hard to say whether this crypto-asset will come back to life when the market starts to rise. That's why selling cryptocurrency on a fall may be the right decision.

Selling cryptocurrency at the very time it's falling dip is very risky, the kind of decision made at that moment determines wether one ends being a looser or an earner of his investment, we also have to consider the coin invested on, if bitcoin is your investment, there's no fear for missing out because it you continue to hodl it will certainly rise up back over time, but if you invested on altcoins then you're at risk because some may not survived high volatility when the price of bitcoin goes dip.