Are you ready to spend crypto when market is down

[arwin100]

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 bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

But crazy things happen on newbies which easily get fud that's why they are mostly the one who sell when the market is down since they are afraid about things that might unfortunate to happen on bitcoin. But if they are have patience enough to see some recovery that might happen in future they might not experience bad things and can earn from bear market situation.

[Spacewalker]

This mistake often happens to ordinary people/investors where they lack knowledge in the field of good and proper investing, but this mistake can occur because of a fear of loss and they think that this strategy should be changed and sold even though they don't think about it. the negative impact that arises, even though the real attraction is that this action is not necessary, brands just have to hold back, in fact all those who invest know the risks in investing, but it's just that sometimes brands are not so ready for all the risks of investing in Bitcoin.
Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

There are different cases, such as the option when a person finds ways to invest that give greater returns than in cryptocurrencies. Although, of course, getting rid of cryptocurrencies on a bearish trend is not the best idea, because in the historical perspective, the fall is replaced by growth, which has already happened many times before. The whole question is patience and just the very possibility of continuing to keep your funds in this asset. Yet, for the vast majority of people, cryptocurrencies are a means of accumulation and investment, and not something else.

[Bitstar_coin]

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

[virasisog]

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

I agree that it all depends on the person's perspective toward the market as well as how he values his target investment profit. As much as possible, I don't want spending crypto when the market is down. I actually want to take advantage of the market by buying and accumulating potential coins but if the situation would ask me to spend if like for emergency purposes, I have no choice but to do so but if there will be other ways to find another source of funds, I will just hold my crypto and won't spend it.

[Coin Gorilla]

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

Something we all learn eventually, one way or another. Some spend, some sell, but in most scenarios, it's better just to recapitalize, unless it's absolutely obvious that it's going in the wrong direction for the long term (e.g., trivial example, all crypto gets banned worldwide).

[wmaurik]

Yes, that's how it is with cycles and we can see it in the last days when the price of Bitcoin in the market starts to go up it is also followed by other top coins as you mentioned,
so great influence from Bitcoin and that's why Bitcoin is called the king of crypto,
We'll see what the next development will be like.

The next development in Bitcoin is about the price recovery in the market that many are hoping for this year and indeed it is already starting to show even though we are all only at the start of the year in January. Because Bitcoin is the first asset that needs to increase in price if everyone wants to see other cryptocurrencies priced better through the influence of the increase in the price of Bitcoin in the market.

[o48o]

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

As a personal point of view where you have gains or losses it's a better decision. However markets need people to spend their crypto no matter where we are in the market cycle. Without those people there wouldn't be trading, people wouldn't be able to buy cheap crypto and markets wouldn't be healthy at all.

I find it funny how people are laughing to that man who first ordered pizza with bitcoin, when we owe him so much starting it all. People selling are as much relevant to markets and people buying. Sometimes just sellers (or bears) are in charge of the markets. That's just normal healthy part of a market cycle.

[Fredomago]

Depending on the mindset of such persons, if you are not the type that cares so much about btc value in dollar, you won't have a problem spending it even when the price is down, your goal is to be able to spend it on goods.
On the other hand, for those who are interested in the dollar value like me, will most likely not spend it when the price is down because the value of such item will increase more when the btc price increases.

I agree that it all depends on the person's perspective toward the market as well as how he values his target investment profit. As much as possible, I don't want spending crypto when the market is down. I actually want to take advantage of the market by buying and accumulating potential coins but if the situation would ask me to spend if like for emergency purposes, I have no choice but to do so but if there will be other ways to find another source of funds, I will just hold my crypto and won't spend it.

Accumulating good asset that have a better future will allow you to harvest a successful investment in the future, it's not easy though as there are many movements that might scare you while holding those coins, while with the sentiment is not good some investors and holders tends to choose to use or selling their coins in fear that they will be losing a lot if they will continue to hold.

It's your own understanding to whether to use your asset or spend it out or keep buying and add more while the value still cheap.

[Argoo]

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 do not think that many cryptocurrency holders spend it on the direct purchase of goods and services. Indeed, in my opinion, a significant number of cryptocurrency holders still use cryptocurrency as an investment tool for profit in the future. An important role in this is played by the lack of proper infrastructure for the practical use of cryptocurrency. It is quite difficult for people to find a store that accepts cryptocurrency and at the same time have the goods we need. It is much easier to use cryptocurrency for investment profits, and only then transfer part of it to fiat to make purchases. But cryptocurrency continues to evolve and the situation will change over time.

[19Nov16]

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 bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.

If we don't really need money then it's better to be patient, there is an opportunity to sell at a high price or profit, on spot exchanges we can set the price as we wish so we don't lose the moment to sell at a high price, but most people are impatient and panic when they see a decline so they lose and regret.

[Sayeds56]

Hello Everyone,

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 willingness to spend crypto currency and use it to buy goods & services, varies among individuals, and  depends on number of factors, such as their belief in long term stability & growth of crypto currency & its security system & their overall financial situation. Some people may view it as speculative investment & only spend it when necessary, while others may use it for everyday purchase. Ultimately, how someone chooses to use it, depends on his views about crypto currency and  financial goals.

[Fredomago]

Hello Everyone,

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 willingness to spend crypto currency and use it to buy goods & services, varies among individuals, and  depends on number of factors, such as their belief in long term stability & growth of crypto currency & its security system & their overall financial situation. Some people may view it as speculative investment & only spend it when necessary, while others may use it for everyday purchase. Ultimately, how someone chooses to use it, depends on his views about crypto currency and  financial goals.

Good point, we do have different perspective in terms of usages some is for investment while for believers they will use it as form of alternative way to purchase and to use for their needs, decision making will depend from how the market will established the good side of crypto, and like with ow you observe there are people who use it for quick investment and a form of daily or weekly short term potential money making tool.

[Fara Chan]

If we don't really need money then it's better to be patient, there is an opportunity to sell at a high price or profit, on spot exchanges we can set the price as we wish so we don't lose the moment to sell at a high price, but most people are impatient and panic when they see a decline so they lose and regret.

Here have a different point of view, we have a different perspective, those who invest in Bitcoin certainly will not sell in a declining market because this is not a smart move and is not worth doing and doing a good job, they will not sell but buy for add investment assets, but for those who may be experiencing difficulties with their finances, they will sell some of their assets even though the market is declining.

[Negotiation]

Invest if you plan to earn from cryptocurrency it is better to hold these coins when they fall in the crypto market. Even if the price drops don't be disappointed have to wait for long term but before that think everything and then think about investing. The perception of the cryptocurrency market among investors will be clearer.

[Pejoh Asu]

Many people hope to get big profits but don't understand the risk, the bigger the profit opportunity, the higher the risk automatically, sometimes as investors we have to be brave to take action, if the trend continues to decline and there is no hope in the short term then it's better to sell, there is always next opportunity to buy again and if we feel it's cheap we can get a cheaper price and avoid losses due to holding too long.

[mich]

Bitcoin and crypto are starting to become very popular and more in public then ever. We are starting to see many online and offline stores are ready to accept crypto as payment just like they do with fiat and on credit.

I have done payments for good in past with my Bitcoin but now in the 'bear' market I will not. I do not think it is the correct time to spend your Bitcoins or other crypto and you should wait to exit this downward market.

[Fivestar4everMVP]

Many people hope to get big profits but don't understand the risk, the bigger the profit opportunity, the higher the risk automatically, sometimes as investors we have to be brave to take action, if the trend continues to decline and there is no hope in the short term then it's better to sell, there is always next opportunity to buy again and if we feel it's cheap we can get a cheaper price and avoid losses due to holding too long.

I agree with you on the part of understanding the how risk works inline with the profit expected from an investment, it is absolutely correct that the higher the profit expected, likely the higher the risk of such investment as well.

But on the part of selling when the market is down, I think this is a bad idea, I personally think it is better to hold when the market is down, or better still, the market is on a steady decline, then in this kind of market situation, it is best to sell and buy in back at a cheaper rate, or if we have more extra money at hand, we can always keep what we have and buy more while the price keep declining - DCA.

[Joshapat]

The nature that investors must have is to know and be able to manage risk, not always the hope of profit in investing, especially cryptocurrencies can be fun, sometimes we have to get different facts and have to be brave to sell, the mistake of most people is that they are too sure that prices will continue to rise so they don't sell For example, I had an opportunity to sell at $60k in 2021 and it was profitable because I bought at around $45k, and in the end I was only able to sell at $32k last year.

[wmaurik]

If we don't really need money then it's better to be patient, there is an opportunity to sell at a high price or profit, on spot exchanges we can set the price as we wish so we don't lose the moment to sell at a high price, but most people are impatient and panic when they see a decline so they lose and regret.

If you can still be patient and don't want to sell at a low price or when the price is dropping, it's better not to store your assets in any exchange. Because you can still store it in a better place, such as in a wallet, when you want to sell, you can send it directly to the exchange. So you also don't need to place orders on any spot exchanges if you're not trading or anything like that. Even though it is the smallest part of being patient.

Here have a different point of view, we have a different perspective, those who invest in Bitcoin certainly will not sell in a declining market because this is not a smart move and is not worth doing and doing a good job, they will not sell but buy for add investment assets, but for those who may be experiencing difficulties with their finances, they will sell some of their assets even though the market is declining.

If there are other options that can be sacrificed or used to cover existing difficulties, it's better not to sell your Bitcoin even if it's only half of the total assets you have. Because for me Bitcoin is more valuable than other cryptocurrencies now, so I will choose another option for me to sacrifice if I encounter unexpected difficulties. So don't be too hasty in making a decision to sell half of the assets you already own if you can still use other options to overcome a difficulty.

[Fatunad]

The nature that investors must have is to know and be able to manage risk, not always the hope of profit in investing, especially cryptocurrencies can be fun, sometimes we have to get different facts and have to be brave to sell, the mistake of most people is that they are too sure that prices will continue to rise so they don't sell For example, I had an opportunity to sell at $60k in 2021 and it was profitable because I bought at around $45k, and in the end I was only able to sell at $32k last year.

If you are really that tending to hold then you wouldnt really that mind much for whatever the price it would be but we know that there are situations in life which we do really need to sell up for some different purpose which it cant really be avoided for sometime specially if we dont have some fiat to pull on which means that we do need to snip out something on our investment.This is why its always been that ideal for us to set out
some target price or goal before we do decide to make out some sell and just for having that purpose.When market is going down then it cant be avoided that you would really be
feeling that kind of panic and just like on the example you have here which you had sell low compared into your buying point which is really that a very huge loss.