Are you ready to spend crypto when market is down

[Smitty Werben Man Jensen]

Unlike the market situation I used to cashout bitcoin and use it for my needs. I do this once after missing opportunity to sell at the peak in the past. Later on, if there is a need I'll sell bitcoin and other cryptocurrencies and make use of it. Even in this bear market I've cashed out little limiting my needs.

If that's what you have to do I don't think there's a problem because meeting the needs in life is also important,
more precisely limiting spending because the current global economic condition is not doing well,
Moreover, inflation is also happening everywhere and this is not easy

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[gunhell16]

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?

The question is, do the majority of people in today's age have cryptocurrency? Second, how much money can you spend using crypto?

In fact, at this time cryptocurrency can be said to be a good investment for the future and can also be an opportunity, but to be used to pay for daily expenses, it is still a bit difficult to implement, because there are only a few merchants who accept it for their business as payment options.

[wmaurik]

Bear Market is the greatest opportunities to buy crypto assets because everyone are fearful about the market conditions but smart investors seeing this as a opportunities to buy cheap prices and hold for the next big bull season market. As the saying goes "be greedy when others are fearful and be fearful when others are greedy".

I do not understand the meaning of the proverb you say. Because greed can usually destroy someone in everything, which can't even be good for everyone. Greed makes everyone lose focus on the main goal because all they think about is having and having without remembering the side effects or bad effects that can happen to them.

Now let me give a close example of buying Bitcoin with all the money you currently have, it's not so bad to do that kind of thing. But you may have a little trouble when you need cash as soon as possible, while the Bitcoin you buy is still at a low price and even lower than the price you bought before. What would you do if you were in such a position?

[TheUltraElite]

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?

First let them accept crypto as payment and then see the charts change momentum towards the upward trend for years to come. This bear market will completely reverse if such a thing was to happen with a big e-commerce platform.

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?

Bitcoin is a payment method and it should be used like that. It has become an investment method because people are trading it using fiat but 1BTC is always 1BTC regardless of the fiat price.

Truely, being able to spend your coins to buy daily necessities is what this community has been long deprived of. I am sure it will have a impact on the price and coming future of this market.

[Wong Gendheng]

As investors we must be prepared with bad conditions that can happen, I once sold Bitcoin at the highest price of $ 52K, but once bought again at $ 61K, and now there are still many losses that I get when the market is bearish. If Bitcoin drops below $ 10K then I will sell 90% my bitcoin.

[bestcoins1]

As investors we must be prepared with bad conditions that can happen, I once sold Bitcoin at the highest price of $ 52K, but once bought again at $ 61K, and now there are still many losses that I get when the market is bearish. If Bitcoin drops below $ 10K then I will sell 90% my bitcoin.

Why would you choose to sell 90% of your Bitcoins when the price drops below $10K? Isn't that a very big loss for you, which is even greater than the loss you are experiencing now. If you really don't want to hold it anymore and choose to sell, it's better for you to sell now than having to bear a bigger loss than now. But if you are still very confident in the increase that can still occur in Bitcoin, then try to store it very well and don't even think about selling at a price that makes you lose.

[TribalBob]

if it's urgent I will spend my crypto money to make ends meet, because my crypto money is my savings so when the market is down or bull run I will definitely do crypto to fiat exchange transactions for my needs

[erep]

It depends on the financial situation. If there is clearly another form of income then there wouldn't be the need to spend your crypto assets directly but when the alternative option is not available, whether you spend your crypto directly or convert to fiat before spending is still the same cos you will be spending the same amount or even more if you have to selling to fiat before spending cos of the fees. so yes I would spend my cryptocurrency for payments. 

Actually, many people don't use crypto assets for payments during bear market situations, but if you mention that you are in a financial crisis and there are no alternative options available, then the option is to convert crypto to fiat to meet basic needs. But if your condition is not a financial emergency then you still leave 50% of the assets crypto for the future because during the current inflationary period many currencies in various countries have decreased and other factors that we expect profits from crypto assets for the bullish phase in the future.

[romeitaly]

Well, it's unstable so it doesn't really prevent to go down sometimes. There is a time the price goes hype and there goes down.

[Silberman]

It depends on the financial situation. If there is clearly another form of income then there wouldn't be the need to spend your crypto assets directly but when the alternative option is not available, whether you spend your crypto directly or convert to fiat before spending is still the same cos you will be spending the same amount or even more if you have to selling to fiat before spending cos of the fees. so yes I would spend my cryptocurrency for payments. 

Actually, many people don't use crypto assets for payments during bear market situations, but if you mention that you are in a financial crisis and there are no alternative options available, then the option is to convert crypto to fiat to meet basic needs. But if your condition is not a financial emergency then you still leave 50% of the assets crypto for the future because during the current inflationary period many currencies in various countries have decreased and other factors that we expect profits from crypto assets for the bullish phase in the future.

If you only think of bitcoin as an investment then it is true that it does not make too much of a sense to part ways with most of your bitcoin at the moment when the price is so low, however if we want for bitcoin to become a currency then we need to use it, personally I still use it even when the price is not anywhere near its all tome high but I try to reduce my usage to some extent, however when the price is very high and there is something I need to buy I do not have any problem with using my bitcoin to buy what I need at the moment.

[Fara Chan]

So How will willing are you to spend crypto for your purchases?

In the case of a decrease in the price of bitcoin, we cannot spend purchases using bitcoin, because it is contrary to the investment concept that we build. For example, you buy bitcoin at a price of $19,443 then try to spend some items when the bitcoin is at a selling price of $ 18,000 (assuming), this will make you lose and the concept of investing is not like that.
Then how to solve this problem, maybe short-term trading can be a reference to avoid these problems, whether shopping for goods using bitcoin payments or to avoid the basic investment capital that we make

[livingfree]

I don't really intend to spend my crypto investments.. For me they are my long term investment. Especially when the market is down, It would be unwise to spend. For me spending my share market investments are rather a better option.

It has that feeling during the bear market. I've done that for several times, and I've spent it even if I don't want to, but I have to do it and got no choice.

Despite I don't want to spend it but can't limit myself to if I don't have any other investments that are ready to be spent in times of I need it. But keeping the most of it is what I'm trying to retain in spite of needs.

It just doesn't feel well when we spend it when the price is low when we've seen it at high before.

[bakasabo]

Depends on the price I've bought Bitcoin. But in general I am not ready to spend it. It is personal, but so far I manage to cover my expenses by fiat. And using crypto to pay for something, just because I can isnt the wise thing to do. Specially when the value of 1 EUR I can but 1 EUR worth goods, but for value of 1 EUR in Bitcoin, with time I could but more.

On the other hand, if we want to cryptocurrency to be adopted quicker and be more popular, we are obliged to use it. Otherwise it will turn into an instrument of long term investment, holding and one day it will turn into antiques.

[EarnOnVictor]

I'm not aware of many stores accepting bitcoin and altcoins as payment method. But if I found a product of my interest online and if it were possible to pay for it with bitcoin, I would definitely make the purchase, despite bitcoin being cheap or expensive on the currently moment. I'm in favour of using btc as currency, instead of an investment exclusively. I believe that is a good way to encourage more sellers to start accepting crypto from their customers on their respective shops.

Anyway, without doubts that is not the general mindset in crypto universe. Most adopters still don't use or see their crypto assets as currencies, since they only hold and sell later for fiat profit.

You have a good plan here, unlike those that think they could be extreme about Bitcoin and other Cryptocurrencies. Crypto has shown many that are wise both the good and the bad side, which is why many have gained and many have lost by holding it. It all has to do with how speculative and smart you are, not how much you like it. A good selling of them at high prices when you know that their market could fall is a good bargain, so that you would buy them back at cheaper prices.

[Ani1985]

As investors, of course we must be prepared and accept if bad things happen, I have several times hold coins and become a scam, especially just a price decline, of course, is a normal thing because we have also felt when we get a big profit, so don't complain when we see market bearish .

[woez]

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 have seen many people complain about the market and how they are not interested in buying something with their crypto when the price is low and I believe that this is because it is difficult for those people to spend their cryptocurrency. Yes, it's true that we can't wait forever to spend the cryptocurrencies we buy but sometimes if you want to wait for the price to go up, you have to be prepared to spend it at a good price.

My view is simple. Cryptocurrencies are made to be the first currency, the second investment tool. Therefore, it should be treated as a currency, not as a security or a product.

[Inspiron14]

As investors, of course we must be prepared and accept if bad things happen, I have several times hold coins and become a scam, especially just a price decline, of course, is a normal thing because we have also felt when we get a big profit, so don't complain when we see market bearish .

That's the investor's risk and it's not easy, but that doesn't mean we just give up.
continue to learn by improving knowledge and skills,
when bear market is better we have to stay calm and don't panic because it can cause problems

[Leviathan.007]

The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.

[Fredomago]

The question seems very much general to me and can have many answers but to give a short answer I can say I prefer to don't invest with the money I need and I'll need in the future, so even if the market collapses and the prices fall down to a lower level I won't feel too much pressure like other people to do panic sell or sell the asset I bought just because the market is not in the good situation however having a money management plan and a places stop loss for any trade is necessary even I aim for long term.

It's important that you understand the business, it's true that using spare money that you allocated to this business would allow you in not to panic whatever the situation around the market, it's something that you can adjust and not to ride along those people who are worried fearing that they will lose all the money that they stake while investing to this market, bear market is part of this industry and when buying during the heavy fall the chance that you will make a decent amount of profits is also possible, it's just a matter of time when the market will bounce back and deliver a good amount of profits.

[beej]

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?

Well as of the moment, with the prevalent cryptocurrency market conditions,
I intend to hold my bitcoins and probably wait to buy more of it when prices
dip a little further. We all do have our preferable baseline prices to buy and sell
crypto, mine hasn’t been that close yet. Im a bit puzzled since I am hoping for
prices to improve in the coming December. That would be a good time to spend
crypto if all goes well.