Are you ready to spend crypto when market is down

[Falconer]

An even more real big problem is that cryptocurrencies are no longer worth as much as they were worth some time ago, and here a really paradoxical situation turns out. Those who do not believe in the future prospects of cryptocurrencies try not to keep them for a long time, and those who believe in further prospects keep this asset at home.

Of course, those who have a lot of experience will believe in the long term prospects where they will try their best not to sell it at a cheap price. While some of them take advantage of short-term volatility to profit, it's like day trading or something like that. Until the market recovers, this mindset will likely remain among traders. Long-term holders know what they have to do now, while weak hands will come out and sit pretty figuring out when they will hit it.

And yes, people use cryptocurrencies according to how convenient it is to use them at this time. And at this time, cryptocurrencies are much more convenient to use as an asset, and not as currencies, because in this situation cryptocurrencies are by no means a competitor to traditional fiat currencies and I don't see any reason yet when normal states will give preference to some other people's cryptocurrencies rather than their own banknotes.

Crypto especially bitcoin has never actually competed to become the main currency in the world instead of fiat. Bitcoin is one of the best options over fiat, but I know the government doesn't want that. Its use cases have increased in some countries, the government legalized it, although so far it is still an alternative.

[ilovealtcoins]

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?

Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.

[nara1892]

In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.

As long as we are able to meet our daily needs I think there is no reason to spend the assets we have.
I think it's quite naive if we really use it in the current conditions even though it's possible that someone's needs are different but I personally always try to hold it in as long as I can handle it with my finances, I will never spend it.

as you said, everyone has their own needs. we can't blame someone for selling some of his coins to pay for his food. but of course, if you have other means, much better. but think of other people and their priorities in life. we all have different needs. so long you think you are spending it on valuable matters, that's fine. but if you are just buying a luxury item, think about it. is it worth spending your crypto just to buy what you want, and not what you need?

We are required to survive in life and of course we also have to be aware that this is a choice when indeed we already have several options to continue to meet our needs why not, but indeed while we are able to hold onto our assets especially when the current price is in a poor condition well I guess it would be better to make another choice. If indeed we can't afford it and releasing our assets is the only way, then that might be an exception, but if we are still able, I don't think there is any reason for that, especially if the assets we have have good progress.

I think this is the real big problem, how can it become a real exchange currency if its owners hold it as if it were an asset? If you don't spend and move funds, it will inevitably take the place of any refuge property and this is not the right path.

We have to see whether the assets we have actually have great progress or not. If it really is about shitcoins then I don't think releasing them is not a problem but when it comes to altcoins like ETH or other coins or maybe bitcoin of course the option of releasing now is not a good thing.
We are in a risk zone where we have to accept all the consequences when investing and if you have decided on that, I think retreating in the middle of a crash is something that is not recommended.

[Vaskiy]

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?

Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.

In emergency I'll use the holdings. I'll try the best to avoid the spending, so that I can concentrate on accumulating good amount of bitcoin as bitcoin is in its best price. What I invest now assure with bigger profit in the long term. So, primary focus is to hold and allocate specific fund for the expenses, beyond that in terms of emergency no other go than using it.

[Godday]

If the price of crypto is like today, of course we will think long to buy something using crypto, because the coins we have will be bigger for us to spend if the value is low as it is today, currently crypto is very important for our future and it is already a big investment for the future, then big considerations will definitely be made by those who own crypto assets today, Currently, there are indeed many stores that already accept payments using crypto, especially bitcoin, but if the market situation is like today, of course they prefer to use fiat currencies to make payments.

[Nuraiuii]

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?

In most cases it is preferable to use cryptocurrencies as investment funds rather than for daily payments. Accumulate as much assets as possible during a down market bear market and wait for the bull market to come and the market to rise.

[Ben Barubal]

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 the crypto has potential, it's okay to hold it for a long time. Then some cryptos are accepted modes of payment in their businesses such as Ethereum, Xrp, and especially Shiba Inu.

So it's true that nowadays many merchants accept cryptocurrency as a payment option whether it's an online or traditional business. Just like other Starbucks outlets, and Amazon. And I had been doing this for sometimes depending on the items I need in it.

[BRINIRHA]

In my opinion altcoins are good with long term investment in bitcoin but you have to choose the right currency. Among the altcoins ethereum and bnb are the best long term investments. The future of these currencies is very bright if the market is down, this is a good opportunity to spend on crypto currencies. Try to invest in ethereum bnb currency in addition to bitcoin the value of these currencies will increase in the future.

the two altcoins that you mentioned are indeed the most suitable altcoins for investment. But I'm not sure if it's for the long or medium term. But buying it during a bear market like now is worth saving. However, we also have to be prepared that the possibility of a decline is still likely to occur. But if we go with really cold money then I don't think it's going to make us panic too much if the decline turns out to be deeper.

[RockBell]

I don't think I will use my coin to pay for anything due to the current situation and to me is more of an investment. I'm sure there are other payment methods like fiat, so selling off puts me at a disadvantage. When it comes to spending, it requires discipline and planning, and I don't see a reason why you will want to spend my investment money, is actually a thing to consider.

[ilovealtcoins]

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?

Sure I will never use my crypto assets to spend, I am here to invest and try to accumulate as much as I can, so it would be a waste to use them. We have enough fiat money to spend on those, and for me, crypto assets should only be spent when they make a profit, otherwise, they just hold and shouldn't be sold.

In emergency I'll use the holdings. I'll try the best to avoid the spending, so that I can concentrate on accumulating good amount of bitcoin as bitcoin is in its best price. What I invest now assure with bigger profit in the long term. So, primary focus is to hold and allocate specific fund for the expenses, beyond that in terms of emergency no other go than using it.

I am saying that daily spending is really a waste when using crypto assets to spend. But if it is urgent or health-related or more serious work, then crypto is definitely not something to hold at that time. Health and life are still first, because with good health, we can easily get back what we have sold.

[Wakate]

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?

Bitcoin and other cryptocurrencies are financial instruments because they have the tendency to increase in value over s certain period of time. There will be many questions to solve when Bitcoin and other coins finally become a general payment option for people. The volatility of the crypto market could pose a threat to consumers and traders using a volatile coin to make payments for goods and services. Bitcoin could be use as a investment instrument and also for payments. Volatility is one of the major problems of using Bitcoin coin for means of payment.

[JoyMarsha]

I'm curious what kind of cryptocurrency will be used for that, in order to make a purchase. Considering the cost of each cryptocurrency, using it as payment will not be a simple concept to consider (how they have loss in value). I will choose to use bitcoin over an altcoin when making payments. In my opinion, I won't be prepared to use my cryptocurrency to make a purchase when I'm in the red. Only when I see profits in each would I trade them.

[Terezi]

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?

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

[Fara Chan]

In my opinion altcoins are good with long term investment in bitcoin but you have to choose the right currency. Among the altcoins ethereum and bnb are the best long term investments.

Yes, that's right, apart from Bitcoin, bnb and Ethereum being two Altcoins that are very suitable for investment, both of them have almost the same strategy in investing, the strategy referred to here we recommend investing for a long / long period of time, the point is to get optimal results and satisfying.

I don't really analyze some of the Altcoins on the market, but it's just that I am more focused on seeing the movement of Ethereum and BnB, the exact reason we predict is that this is a very valuable Altcoin (everyone knows about this). We believe this is the right time to invest your money into Crypto and make it an Asset/hold for the future, and that Bitcoin should be the ultimate holding. don't waste a situation like this, it's time to build glory through cryptocurrency.

[wmaurik]

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

[wastagnn]

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?

Although there are many shops that already accept payment in cryptocurrencies, there will be some losses when using cryptocurrencies for consumption when the market is down, so try not to sell them at a low price. Now is the best time to invest in the continued accumulation of cryptocurrencies, and Bitcoin should be the ultimate asset for long-term holding for better returns in the future.

[JavasetvenQ]

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 fully accept payment in digital currency only. Of course it's a face-to-face transaction. As a peer-to-peer payment method, Bitcoin solves some trust crises, but it is a payment method after all. This problem is like international trade, which requires an intermediary bank to guarantee. In the blockchain world, there seems to be no third-party guarantee. If the decentralized exchange has this function in the future, it will be a very perfect and worth looking forward to.

[Jody.Drummer]

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

Basically we use cryptocurrencies as a means of investment instead of using them as a means of payment. So surely most people are thinking the same thing about this and trying not to overspend their assets. After all, in a bear market like this it would be better if we hold it until the bull market occurs rather than having to spend it now, instead I myself continue to increase the amount of my assets for me to take in the future.
In my own country I haven't seen anyone close to owning cryptocurrency they use as a means of payment, so the chances of using it for shopping are very slim.

[xSkylarx]

Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.

Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

[yudi09]

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?

You shouldn't mention Bitcoin if you want to discuss crypto. Because in crypto there are too many junk coins that appear in the market almost every month following every trend. The current crypto space is so cluttered that we are a little lazy to keep up with developments other than Bitcoin.
Furthermore, Bitcoin is not the same as other coins/tokens in the crypto space.