Are you ready to spend crypto when market is down

[kesmex]

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 is important to have skills in managing finances before investing.
because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in

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[qwertyup23]

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 think the answer is a case-to-case basis as it really depends on the situation.

Generally, I treat my BTCs as an investment where I can almost liquidate if the need arises. Given that there are tons of exchanges where you can easily convert your cryptocurrencies to your desired currency, if the need really arises then I will most definitely convert my BTCs to cash regardless if it is a bullish or bearish market.

Again, treat your investments as something that can be used anytime. If an unexpected emergency suddenly occurs, do not hesitate to use your investments as the fund for it (assuming that your emergency fund cannot answer for the fees needed).

[sana54210]

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

There is a fine line between these two though, selling crypto to make your life easier is a good thing, in fact it would be the purpose of crypto and makes it better usecase then anything else. To say people "I use crypto to make sure I live a good life" is a great selling point and I understand it.

However, there is a limit to it, if you end up selling to go to vacation for example that’s not good, because you could avoid vacation and your life would still be fine, you are not forced to go to anywhere, you could stay at home and keep your bitcoin, sure buy food, pay bills, pay the debt, these are all fine, but don't get a new hat with it, you don't need it. Make sure you cash it out for things you actually need.

[freedomgo]

I would rather never spend crypto. Its just a huge disappointment to see your coins going down. Instead, why not hedge your coins against fiat and make more coins by trading? Never sell at a loss, never forget to buy at a bargain. Although depending on your individual trading strategy, you might find hodling to be the better of the two options. Either way, coins to me are more valuable then most unnecessary things. The only except is living costs and thats it, really. Apart from those spendings, there is absolutely no excuse whatsoever to throw away coin.

I don’t intend to just keep my crypto forever, but it would be more frustrating to know that you spend much on buying crypto with the aim of making huge returns in the future, and now you will just easily use it at a lower value? That sucks for me. I would have spend fiat the whole time and would love to keep my crypto first until I see a perfect time to sell my coins and convert it to fiat for a bigger funds.

[Sanitough]

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’m not accumulating bitcoin just for expecting nothing in returns. As much as possible, I would love to accumulate and hold more of them than use them later on as a currency. I believe bitcoin is supposed to be more of a currency than as an investment, but knowing cryptos are expensive than fiat, then we cannot just spend crypto with lower value in the market, just because we need to contribute for as faster global adoption.

[fadhilz123]

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.

If your goal is for the long term and prefer to use cold cash that you don't spend on a day-to-day basis, then you have a better plan and you basically also need a bigger drop in order to buy more valuable assets in bear conditions. This means that you also like profitable investments even though you don't dare to use the money you need every day, because with that you will think of looking for other money that doesn't interfere with your daily expenses.

It is important to have skills in managing finances before investing.
because when we can manage finances appropriately and wisely then it makes us not panic when the market goes down,
Regarding investment, of course, cold money is the best thing to invest in

As I said above where he needs cold money to run the investment he wants. And I think that's a very wise thing because he doesn't want to be pressured just to make certain investments. So he himself will also look for wiser ways to invest, moreover he also likes investing in the long term, he said.

[Vzae]

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?

This is a strategy or someone's way to regulate the rhythm of their financial investments, where they have their own time for when to start and end their trading positions. they always wait for the best moment to buy when the price drops and release when there is an increase in the price of each coin they hold.

[kro55]

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 long as crypto is not yet globally accepted, most likely people will see bitcoin or crypto as a profitable investment than just a plain currency. Although spending it is one way of promoting crypto, but at the end of the day profits is more than important. That is why I chose not to spend my crypto particularly if the value is at loss, I will just wait for a good price to sell and spend crypto like a currency.

Even if bitcoin and cryptocurrencies are globally accepted but their prices are still volatile, no one will want to use them as a mere currency. In my opinion, it is not necessary to use them for spending to promote their growth and popularity. Today, it can be seen that companies and corporations investing in bitcoin also expect that it will bring profits, so as long as it is a good investment like other asset classes, it will also become popular. Honestly, I have never wanted to use my crypto assets to spend, I prefer to invest, hold to make a profit.

[YOSHIE]

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?

Shopping online using crypto payment methods, in my opinion ready or not it depends on the amount we spend, I mean, high prices of crypto or falling prices of crypto in the market, it's the same only if the price of crypto goes down, you pay a little more with crypto that is adjusted to fiat currency and vice versa.

But for me the readiness to shop and pay using crypto types when the market is like this, is not a good solution, just imagine, if there is a car company and sells a certain car at a price of $ 20k/units, of course you have to spend for example using Bitcoin, you have to spend more 1 Bitcoin at this time, if you measure today's price, but if Bitcoin is at the level of $ 40k, you only spend half Bitcoin only to buy a car, the conclusion is that the solution is less fun to make payments with crypto today in online shops / companies, that's my understanding in common sense.

[Vaskiy]

The rising inflation force me to spend Crypto unlike the market. We can experience the increase in price over each and everything. Same time the increase in the monthly pay haven't got big variation and this force to spend the crypto holding at times when there is no other choice. Overcoming the situation and holding cryptocurrency in these days have turned to be big task. The present market is time to hold and to accumulate more.

[STT]

Crypto is being spent and its important that circulated BTC is about trade not just speculation I think, it creates a background of supply and demand.    I will spend some and hopefully its getting easier to do so without any hitches or excess fees to discourage people from small general usage.

https://www.theinsaneapp.com/2022/10/google-to-accept-bitcoin-and-crypto-for-cloud-services.html
I saw this today saying Google will take BTC for server payments, thats useful to have as an extra route but needs to be that BTC is commonplace

[autumnleaf]

If there isn't another choice, I'd be willing to spend some of my holdings, especially my alt coin. Of all the crypto currencies, I like to hold bitcoin and ethereum for the longest.

[Fredomago]

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?

This is a strategy or someone's way to regulate the rhythm of their financial investments, where they have their own time for when to start and end their trading positions. they always wait for the best moment to buy when the price drops and release when there is an increase in the price of each coin they hold.

Yes, it's something that they developed thru time, strategy or a pattern based that they use in order to earn from this business, you need to keep yourself updated in each market trends in order for you to analyze the situation, after you place your target buy and sell position it's about to chill and monitor the movement, better not to overthink since there are situations that unusual fall may take place, if you have additional spare it's good to buy more and wait till the market will be nice to you and let you cash out a decent amount of earnings from your investment.

[SirLancelot]

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

You and I could use it for investment but the reality is that there are a lot of people who use it as well, just because we see it as investment doesn't mean everyone sees it the same way as well.

Some people see bitcoin as something that is purely investment worthy in the long sense, and that’s the important part for me, but some people see it as currency on their business or regular lives and they do end up spending it or earning it as well. That way it is basically a fiat replacement for them, everything they do, they try to spend crypto, even if they cannot spend it directly, they cash it to fiat and spend it, and they earn it by working as well.

[sayaya17]

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

You and I could use it for investment but the reality is that there are a lot of people who use it as well, just because we see it as investment doesn't mean everyone sees it the same way as well.

Some people see bitcoin as something that is purely investment worthy in the long sense, and that’s the important part for me, but some people see it as currency on their business or regular lives and they do end up spending it or earning it as well. That way it is basically a fiat replacement for them, everything they do, they try to spend crypto, even if they cannot spend it directly, they cash it to fiat and spend it, and they earn it by working as well.

Although Bitcoin has proven to be profitable for long-term investments, there are some people who want to make a profit in a different way.
I have friends who use Bitcoin for short-term trading, meaning that there are some people who simply can't hold it for too long. I think it doesn't
matter if there are people who prefer short term trading over long term investment, most importantly we can make a profit. Even as you say,
there are some people who don't think about using Bitcoin for investment or trading. They prefer to use Bitcoin as a transaction tool like fiat,
because they consider spending Bitcoin to buy something more private. Therefore please use Bitcoin as well as possible, whatever way we use
Bitcoin is not a problem, most importantly do not use Bitcoin for things that harm other people.

[Hypnosis00]

Well OP, I was considering Bitcoin as an investment, maybe for some important reason I could convert it to our local currency and spend it but as long as I still have an option, I'm still going to hold them. Since my goal is to hold long-term, I have to keep it as long as I can. In fact, there are a lot of ways to do it as in my mind, instead of spending them, I'd rather take this time to buy more in anticipation of the upcoming bull season. I know the current situation is temporary and it will end soon.

[lienfaye]

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?

Because of the price volatility, many people are seeing crypto as an investment. Thus, it's not surprising if they chose not to spend their coins and wait until the price reach their target value to take profit. Some investors might be using their Bitcoin for purchasing regardless of the value but probably majority are not doing so.

Anyway this season is a time to accumulate, that being said it's not wise to spend if you believe the value can possibly increase if you continue to hold.

[Finestream]

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.

Well, you have all the right to spend your bitcoin regardless if it’s bearish or bullish market as that is also your strategy, or sometimes it’s really unstoppable to spend especially if you are dealing with unforeseen emergencies that needs a bigger amount of funds. But for me, as much as I want to spend bitcoin, I would gladly do it hopefully when the market is indeed bullish, and just keep it more while the market is still bearish.

[lalabotax]

Well, you have all the right to spend your bitcoin regardless if it’s bearish or bullish market as that is also your strategy, or sometimes it’s really unstoppable to spend especially if you are dealing with unforeseen emergencies that needs a bigger amount of funds. But for me, as much as I want to spend bitcoin, I would gladly do it hopefully when the market is indeed bullish, and just keep it more while the market is still bearish.

Of course, everyone wants to spend their crypto coins in the bullish season. But if it is about urgent needs, it should be no problem to spend it any time. If it happens to me, I won't consider anything when I urgently need money. I will sell whatever I have, including Bitcoin or top altcoins. But surely I won't spend all of them, I will let some of my coins to keep in my wallets. To prevent this situation, ideally we must have savings money in the banks.

[odunybiz]

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.

It sounds great trying to accumulate more crypto for the bull run but this is only easy for someone with extra job and a well paid salary. A man with alot to do with money and have no source for the money than is crypto wallet will have no choice than to sell or buy with it's crypto to satisfy his daily needs.