Are you ready to spend crypto when market is down

[Zanab247]

Yes, I can spend Ethereum, Solana and Dogcoin in this bear season but It will be difficult for me to touch my bitcoins, because that is were I invested a huge amount of capital for future profits making. Spending your crypto when the price is down is like wasting time, energy and resources in your investment because selling your crypto when the price is low in the market will not help you to make a passive profits like other investors that invested the same amount of money on crypto and wait for the price to increase higher before they can sell.

[DudeAtWork420]

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?

Online transaction through crypto currency is mostly in BTC, ETH, LTC and USDT. In general People use USDT most of the time because of its price stability. So it doesn't matter the market is bear or bull.

Using crypto currency as a store of value is not a new kind of practice. People from other countries sometimes buy USD when price came down a little bit and release them in the market when it came back to its normal price. This practice happens not only on crypto but fiat also.

[Rana590]

Personally I don't prefer to spend my valuable crypto when market is down. Basically I wait for bull run and after getting profit from my investment, I sell crypto step by step. At the time of selling, we shouldn't sell all the crypto if we are in a profit. Down market is suitable for buying, not for selling in my opinion.

[Bitum]

As for BTC and ETH, I personally wouldn't pay with it, I need ETH for gas and I just don't want BTC. That's out of the question for me. However, I am willing to spend other cryptocurrencies where the transactions that are very fast and cheap (Doge, LTC etc.)

[carlfebz2]

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 do really ends up on being a store of value even though it is really been created on being a digital currency but since people or the entire community does see the potential on making profits on via holding then

majority of us wont really be spending up our coins if ever we do really see merchants or services around which do accepts crypto.We would really be mainly minding off  into our brains that its better to hold it off

rather than spending it actively.You are just simply missing out the opportunity on making some profits in near future years to come if you do able to do so.
Spending up on something that basic or casual then it would be ideal on making use of fiat.

[tabas]

Just accept the fact today that the majority of the people are holding their cryptos as an investment. It's up to them if they want to spend it because we don't know the story on how they have acquired those crypto. Although we're helping the crypto economy if we're spending the cryptos that we're holding. I might hold most of my bitcoin but I'll spend a few of the altcoins that I hold if there will be stores available willing to accept the altcoins that I'm willing to spend.

[Johnyz]

Even on bull market, I don’t want to spend my crypto because I already consider this as investment and I know in the future this can be more expensive. Cryptocurrency is not just meant as a currency anymore, it became a store of value and we cannot blame many for this doing because they can really earn more instead of spending it. The trauma of buying pizza with Bitcoin before might be one of the reason why many rarely spend their crypto for this kind of purposes.

[TimeTeller]

Even on bull market, I don’t want to spend my crypto because I already consider this as investment and I know in the future this can be more expensive. Cryptocurrency is not just meant as a currency anymore, it became a store of value and we cannot blame many for this doing because they can really earn more instead of spending it. The trauma of buying pizza with Bitcoin before might be one of the reason why many rarely spend their crypto for this kind of purposes.

Unfortunately, not all crypto users can afford to keep their crypto in their wallets for long time.
So for me, it depends on your financial capability here. I am also spending my crypto if I needed it.
Thought the thought of increasing its price in the future is always there, I just think that I spend it for good reasons.
So when I spend it, I know I should not regret it later on.
No matter what the market is, if you believe you are spending it for good reasons, then for me, it is worth to take.

[Agbe]

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?

My answer will strictly to the topical sentence of the thread Are you ready to spend crypto when market is down. I will strongly say yes. As for me, I spend bitcoin every week because there is always need to meet up. Real bitcoiners do not care about the bear market or bull market though they enjoy the bull market because they are not in lose at that time but they must eat or pay bill so money must be spend to meet up demands of the self, family and the society. When crypto market is down, it becomes a favourite time for some users to buy and store for the bullish market. If the particular goods is attractive and you need the thing very much at that particular time of the bearish, and you have the coin my brother, I will buy it. Because I might not get it at another time again or the price of the goods might also rise up more than even the price as of now.

[Rengga Jati]

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?

Sometimes, we may have that expectation, to purchase something directly using cryptocurrency because this is also one of the payment methods accepted in some countries and merchants.
However, this becomes a problem because it is related to regulations in a country. Currently, I live in a country where crypto is not allowed as a legal tender. So that no merchants accept crypto as a means of payment (openly).
So, it seems that for now, my personal focus is on using crypto as an investment asset.

Not only in Bitcoin, some investments in altcoins that do have utility and strong and sustainable fundamentals can also be an option. Therefore, regardless of market conditions, as long as we have the readiness to invest and know what to do, there will be no problem, in any market condition, be it bearish or bullish.

[kawetsriyanto]

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?

I am always eager to spend my crypto coins for purchasing foods or services. Unfortunately, no online and offline stores accept crypto coins as payment tools here. The laws only allow Rupiah as the payment tool in my country, you cannot use other currencies here. If crypto coins are allowed someday, I will directly spend some of my crypto coins.

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?

If you are a true crypto lover, you won't think it is a digital asset only but it is a digital currency as well.
Although it is an obligation to use crypto coins both for a digital asset and a digital currency, we have a responsibility to support its development by taking part in adopting crypto coins in any sector.

[samcrypto]

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 during bear market might not be advisable because of it's current value and many are very optimistic about the future of Bitcoin and cryptomarket, that's why they are not spending it the way it supposed to be. We can consider that they are now treating cryptocurrency as their investment which I think is not a problem because as we can see it's value is not stable and very volatile, which is an indication that this is no longer a currency alone, but more of investments now.

[rojan]

Personally I don't prefer to spend my valuable crypto when market is down. Basically I wait for bull run and after getting profit from my investment, I sell crypto step by step. At the time of selling, we shouldn't sell all the crypto if we are in a profit. Down market is suitable for buying, not for selling in my opinion.

I think that you do exactly what you do. If someone trades and sells all his money, then he has to go through a lot of problems. There are some simple rules, if they can be followed a little, then it is possible to earn a lot of money and a little.  If you take a wrong decision, you can lose all your money.

[Silberman]

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?

While I do try to avoid spending my bitcoin unnecessarily when the price is down if I have to buy something I need then I simply do it and do not think too much about it, that being said I try to buy that amount of bitcoin back as soon as possible as you never know when bitcoin can skyrocket and then it becomes impossible to get back the bitcoin you have spent, however it would not surprise me if there were some people that simply refused to spend their bitcoin at all now that its price is relatively low.

[mindrust]

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?

If you don't have any other savings then you'll have no other option than spending your crypto. That sucks big time because your crypto is down against the USD and people price their goods in usd and that means your crypto will buy less goods than what it was buying a year ago. That's why you will need to have some FIAT savings or a FIAT based streaming income so you won't get hit by this price volatility. People shit on USD all the time and they are usually right but USD still is useful in a lot situations.

[Argoo]

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.

I support. In a bearish period, when the price of crypto-currencies falls sharply, I try not to sell my crypto-currency unless absolutely necessary. Sometimes, if tokens grow in price during this period, or there is a threat that this token may disappear from the market, I exchange them for top coins such as ethereum. It makes little sense to sell tokens during this period, since they have a very low price after the market falls. However, of course, some of them do not withstand a long fall and disappear. But if the project is promising and its team is professional, then the token withstands the fall and then develops further.

[naira]

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 the purchased item is quite worth the crypto value and you have no other alternative than paying for it with crypto then do it. But I personally wouldn't do it, the cryptocurrency you mean, i.e. tokens that are easily discarded, will be much less valuable to the seller. In my opinion, at this time the only effective way is to accept payments using Bitcoin, even though the price fluctuates, it is much more comparable than you use other coins/tokens.

[traderethereum]

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?

I don't understand why I should be willing to spend crypto when the price is decreasing.
Doesn't that mean I have to use more amount to pay or buy something?
I think it's a bad way to do it because when the market is going down, we should use it to buy and increase the number of coins we have so that when the market can reverse up, we will get more profits.
From that profit, we can use it to buy something or pay for something while we still have other money that we can use to buy more amounts.

[Jemzx00]

I don't understand why I should be willing to spend crypto when the price is decreasing.
Doesn't that mean I have to use more amount to pay or buy something?
I think it's a bad way to do it because when the market is going down, we should use it to buy and increase the number of coins we have so that when the market can reverse up, we will get more profits.
From that profit, we can use it to buy something or pay for something while we still have other money that we can use to buy more amounts.

Right, it is a mistake if we sell when the market is down like now, most of the mistakes we make are buying when the market rising because of the market thinking will rise and sell when the market is down because of panic and afraid of continuing correction, if we already know cryptocurrencies At least a year then we know about trends like this.

I don't entirely think that it is a mistake to use bitcoin or another cryptocurrency on any transaction for payment especially if you don't have any other way to pay for the item you want to buy. Also, from an investment perspective, it might be bad or good whenever someone sold their assets during a bear market as it can be used for other purposes such as financial support or emergency needs. However, what I would not recommend is using all of your cryptos for payment methods rather it's best to only partially sell it or use it for payment methods.

[Taskford]

I don't understand why I should be willing to spend crypto when the price is decreasing.
Doesn't that mean I have to use more amount to pay or buy something?
I think it's a bad way to do it because when the market is going down, we should use it to buy and increase the number of coins we have so that when the market can reverse up, we will get more profits.
From that profit, we can use it to buy something or pay for something while we still have other money that we can use to buy more amounts.

Right, it is a mistake if we sell when the market is down like now, most of the mistakes we make are buying when the market rising because of the market thinking will rise and sell when the market is down because of panic and afraid of continuing correction, if we already know cryptocurrencies At least a year then we know about trends like this.

I don't entirely think that it is a mistake to use bitcoin or another cryptocurrency on any transaction for payment especially if you don't have any other way to pay for the item you want to buy. Also, from an investment perspective, it might be bad or good whenever someone sold their assets during a bear market as it can be used for other purposes such as financial support or emergency needs. However, what I would not recommend is using all of your cryptos for payment methods rather it's best to only partially sell it or use it for payment methods.

Nothing really wrong if you use this on daily basis since this is what supposed to be the used of crypto and people need to know that this is not only for business purposes only. But if they treat this as investment then maybe they need to consider a lot of things and don't look only for long term since we can actually grab the chances while the market is so volatile.