Are you ready to spend crypto when market is down

[MiF]

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?

Hold! we need to put basis on how people from the past regret because they spend thier precious coins, sometimes the value of the coin is not very big when it is still inour hands and years may pass and the time change together with the value of the coin and then we lose, remember the bitcoin value from year 2010 and compair it today you will see that people who sell that time loss a big profit and regret.

[1714593531]

1714593531

[D ltr]

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?

Hold! we need to put basis on how people from the past regret because they spend thier precious coins, sometimes the value of the coin is not very big when it is still inour hands and years may pass and the time change together with the value of the coin and then we lose, remember the bitcoin value from year 2010 and compair it today you will see that people who sell that time loss a big profit and regret.

Actually everyone's regret is natural / there is with them selling in the previous period, if you look at the current bitcoin value however
as we know if we buy btc in 2010 and when btc reaches new ATH value they don't take profit that's the most regrettable thing.
regret actually ,  doesn't exist in btc because when we enter we must be prepared to lose

[Deddyhoku]

Everytime when i spend crypto at lows i think about potential losses that it can generate for me

[youdacapt]

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?

For me, the best time to spend lots of money in crypto currency is when the market is down. A bearish market is a good opportunity for every one to ape into different gem projects they have been eyeing for a long while. It is important to note that buying the bear market is not for everyone; it is only for investors who have researched and listed out tokens they would buy when the price is low; if you buy every coin just because the price is low, the chances of profit is unclear

[n0ne]

It depends upon the purpose. If the need can be delayed then I'll hold and wait for the right time. Another thing if the amount need to be spend is very small, then I'll go for it unlike the market situation. Because the rise in the market too doesn't make big variation over the amount being spent. In all means it is good to spend often, because most of the users miss the opportunity looking for ath.

[Fredomago]

It depends upon the purpose. If the need can be delayed then I'll hold and wait for the right time. Another thing if the amount need to be spend is very small, then I'll go for it unlike the market situation. Because the rise in the market too doesn't make big variation over the amount being spent. In all means it is good to spend often, because most of the users miss the opportunity looking for ath.

Most missed the ATH as they are afraid or have fear when the market is falling, thinking that it will going to continue and instead of holding they will going to try to spend it up while they are still capable in using it around the market, or they will convert it into fiat and use it instead of paiently wait for another good bounce back.

Like what you mentoned, it will depend from the needs and how trader/investor understand the big potential of this industry to
recover and bring another new ATH.

[cafee_orange]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

[sulendra12]

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 I need money for my daily and I think that I can afford it with my crypto then I would withdraw it to my bank with the appropriate amount so I don't get too consumptive with my purchase and keep my investing still going on, even when crypto market is at low stage then I'd still do the same thing and of course I do know the risk with every action I make.

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?

People uses crypto for different purposes such as investment, for the technology, currency, etc and you can't just generalize everyone do to the same.

[nara1892]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

[xSkylarx]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

There are also instances where you need it in an emergency, so you don't have a choice but to spend it, or else you will borrow money from others just for your emergency. Though it would be really great if we kept holding this for a longer period of time and stopped the panic selling on it or just spent it because you want to buy your wants since you'll gain more profit in the long run, again, we can't dictate to people as it's their money and everything they can do for it, but this is just advice if they want to gain more profit.

[Fredomago]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

If the intention is for investment I will agree that it's not the right time to spend your crypto, instead it's the right time to add more with your hold asset, buying while the price still cheap will give you more profits when the market start to pump up, but for sure there are people who are not after investment alone, they are using crypto as a normal means for transacting and even the value is down they will continue to use and support this industry to make sure that the ecosysystem will continue to flow.

[CageMabok]

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

Payment options in other forms are always available, namely fiat. But in some countries like in El Salvador for example, the payments used in crypto form are like fiat payments in most other countries now. So that the residents there can obviously use two payment options to pay for whatever they want and that doesn't mean they or the residents there don't love the crypto they have, but they see this as another form of convenience for them to use on a daily basis.

[Inwestour]

There are also instances where you need it in an emergency, so you don't have a choice but to spend it, or else you will borrow money from others just for your emergency. Though it would be really great if we kept holding this for a longer period of time and stopped the panic selling on it or just spent it because you want to buy your wants since you'll gain more profit in the long run, again, we can't dictate to people as it's their money and everything they can do for it, but this is just advice if they want to gain more profit.

To prevent such a situation, you should always have some kind of cash reserve that will serve as an airbag for you. And if necessary, you will not need to sell your investments.

In addition, if there is no such reserve, and it happens that you need to sell bitcoins, because of the need for cash, and during this period the price turns out to be lower than you bought and you simply sell bitcoin at a loss, this will be an unpleasant situation. Therefore, there should always be a cash reserve and you don’t need to worry that this money is lying and not making a profit, this is your reinsurance, which will ensure your peace of mind.

[Marvell1]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

Even though I live in a country where bitcoin is not legal, and i don't see any stores that accept bitcoin payments but if my country allows payment in bitcoins, I will not be willing to spend my bitcoins either. As you said, we hold bitcoins, cryptocurrencies are for future investment, don't use them for daily spending, while fiat has taken over that task. In summary, I will just spend my bitcoins unless I fall into an emergency and have no other choice.

[siniminomorocomunisakito]

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 would also like to see more people buying and selling with their cryptocurrency & virtual currency, but I also recognize that the use case is immature that it can be used as a regular currency, unlike common stock which can be converted to cash.

The whole concept of cryptocurrency is new and most people still have a lot to learn about it. I also feel that this has been around for almost a decade without change, maybe it's a good time for the general public to be introduced to the world of cryptocurrencies using something other than bitcoin.

Currently, cryptocurrencies only have a fraction of the worldwide use that currencies should have, plus they are not yet ready for mainstream adoption.

[crunck]

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?

Are there still other options for making transactions besides having to use Crypto? if there are other options, for example, being able to pay using Fiat money, then I will not use Crypto for payment. For me it's better to keep Crypto for a long time until the market normalizes than having to sell it when the market doesn't support it

It would not be a wise choice when we spend our crypto assets to shop when the market is experiencing a bear season. I said we have to keep holding on until the market returns to normal. Don't we have crypto for the purpose of investing and profiting in the future? It would be a wrong step when we actually issued when our portfolio was red. Whatever happens if circumstances don't urge us to release the assets we have, I will survive even for a very long time. These are some of the plans I had made before putting my money into crypto.

If the intention is for investment I will agree that it's not the right time to spend your crypto, instead it's the right time to add more with your hold asset, buying while the price still cheap will give you more profits when the market start to pump up, but for sure there are people who are not after investment alone, they are using crypto as a normal means for transacting and even the value is down they will continue to use and support this industry to make sure that the ecosysystem will continue to flow.

No one is good enough as you think, people are using crypto to trade or spend even we are in a bear market because they are not using the coins they bought at a high price. They use fiat to buy crypto and spend instantly, they don't lose anything. I'm also using crypto to buy some items, but I'm not using my investments. I just buy them at the current price on the exchange and use them for payment.

[visionE2]

In my opinion, If you are not in the market space or are not spending crypto when the market is down you are making a big mistake. I understand that it may be out of ignorance, but if you want to build wealth for generations to come, and grow financial literacy, you have to be in the market. Of course you have to do an independent reset before investing.

[Henrobakkara]

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 would say it depends on your situation. You will most likely not spend your cryptocurrency if you have some other funds to spend on your daily purchases, what happens if you do not have extra funds and your crypto is what you have to spend, it wouldn't matter if you spend it directly of converted to fiat you are still spending it somehow. So if you don't have extra funds you might just end up spending your crypto.

[Rockson1]

Thanks for your responses. I am not judging anyone because everyone is true to some extent and right from their prospective.  A lot of people are Seeing Bitcoin as an Security/Investment instrument and profit from it.

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.

I really like your answer personally as it matched Satoshi's aim of creating bitcoin. He wanted it be peer to peer payment instrument.


Bitcoin gets more value when more people come to spend it for purchases & not when holds it in their wallet. No offense to anyone.  But people should stop seeing it as investment instrument and see it as normal currency.

  when your country currency exchange rate is small to the crypto currency rate u see it as a very big investment,when u  make ur local transactions you spend with efficiency

[Ludmilla_rose1995]

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?

spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing.