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Author Topic: Are you ready to spend crypto when market is down  (Read 3030 times)
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May 01, 2023, 03:15:39 PM
 #281

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?



Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

      Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again



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May 02, 2023, 03:41:25 PM
 #282

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 really waiting for this because one of my goals for choosing crypto is not just investing but we can buy goods from the coins that we hold, I think the future will be like that now, unfortunately I keep more of my money in bitcoins than dollars because I'm sure  bitcoin is not just an investment but will replace fiat money in the future

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May 02, 2023, 03:46:46 PM
 #283

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

Besides, I think for them other users of cryptocurrencies will not spend their assets when the price is decreasing, maybe the reverse work could be there, they assume more to add crypto assets, be it tokens or other things that they save, compared to spending them, I think everyone is waiting for that moment .
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May 02, 2023, 06:07:55 PM
 #284

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?



Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

      Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

You needed to have that extra sources of income to avoid using what you already invested inside crypto, we all understand that the chance of market to fall is unavoidable and with that kind of market movement we might need some money to finance our needs, while the value is cheap we automatically lose our investment, better to have other alternative source to avoid selling or using what supposedly for your investment to grow.

Something that investors and traders need to consider before taking any action when the market is still down.

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May 02, 2023, 10:14:54 PM
 #285

 You have to sell cryptocurrency in a falling market in time, otherwise you might find yourself selling at the very bottom. Unfortunately, it's hard to say whether this crypto-asset will come back to life when the market starts to rise. That's why selling cryptocurrency on a fall may be the right decision.
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May 02, 2023, 10:25:43 PM
 #286

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?



Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.

It's a good thing that you have a regular source of income where you can really not move your holdings of altcoins or bitcoin. That's one of your advantages over others here that only crypto is the main source of income.

      Because of those who are full-time here in the crypo business, their other holdings are also moved later when they have emergencies happen and I have also experienced this several times, but when I have extra budget again, I buy me again

You needed to have that extra sources of income to avoid using what you already invested inside crypto, we all understand that the chance of market to fall is unavoidable and with that kind of market movement we might need some money to finance our needs, while the value is cheap we automatically lose our investment, better to have other alternative source to avoid selling or using what supposedly for your investment to grow.

Something that investors and traders need to consider before taking any action when the market is still down.
As much as possible, im not really that spending up my coins or tokens inside my wallet once they had been saved up. On the time i do make out some deposit or internal transfer then it would be final.
There would be no getting those coins to be converted and would really be saving up for long term and since i do make out some short trades then it would really be just that normal that i do have
some other bag which are really that intended to be used for but for long term bags then its better not to consider on selling it out actively because its never been worth on doing so.

As long you do still have some fiat money which you could make use of then use it, dont tend to spend up your coins which it does have potential special for Bitcoin but if you are that someone
who do love to support and experience the real use case or application when it comes to currency usage then its your choice but i would
say that it would never been that worth.

R


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May 03, 2023, 10:21:06 AM
 #287

When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.

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May 03, 2023, 01:50:06 PM
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 #288

Since i have a regular job that is my regular source of income, I will not spend my crypto currency holdings i will wait for the prices of the crypto currencies to recover so that i could take profit. I am aiming for a long term goal for a much better profit. Instead of spending my crypto, I will expand my investment portfolio. I will take advantage of the low price now for a much better profit.
Those who have other sources of income from their daily work find it easier to manage their financial expenses so they don't have to sacrifice the crypto assets they already have, after all you also know how to take advantage of the moment by continuing to add to your portfolio when price declines occur so that your chances of making a profit could be much better. But this will certainly be very different from those who do not have a steady income from other jobs in their lives so that they sometimes feel forced to release their crypto assets into the market even though the price is decreasing.

Besides, I think for them other users of cryptocurrencies will not spend their assets when the price is decreasing, maybe the reverse work could be there, they assume more to add crypto assets, be it tokens or other things that they save, compared to spending them, I think everyone is waiting for that moment .
Only those who have saved money from their own work are willing to wait for the market to recover because they don't feel difficulties in their life so they are still able to store their crypto assets very well without having to release them at a cheaper price. But those who don't have any money saved in their life, I think they will still sell their crypto assets even if they feel forced to for the sake of their needs at this time.

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Latviand
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May 03, 2023, 02:13:21 PM
 #289

When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.
Unfortunate but what can we ever do about it, it's an emergency that transcends the need to hold on to your investment, I think you diid the right choice, no point wallowing too much about your decision, you can always bounce back. I think I will always be ready especially if it's health related expenses, pretty sure that a lot of us will prioritize health over wealth right?
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May 03, 2023, 02:14:16 PM
 #290

It depends on the need as it arises, but being on a dip is most likely not a good indication for one to sell out, bitcoin is meant to be a profitable investment and the only condition allowed is if we have emerged with some interest that our selling price is more greater than the buying price, this is why many investors hodl and wait for some time before they decided on selling their coin, dip season is only a perfect timing for buying in most cases than selling your bitcoin.



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May 03, 2023, 06:25:32 PM
 #291

Money in general is useless if one cannot use it. I don't think it is still appropriate to save money if you are not willing to use it. For what purpose are working our ass off everyday if we cannot enjoy the fruits of our labor? Not only even in times when the market is down but for all the time. I have learned few years ago that it is useless enough saving money if your health is already at risk, and that is how I changed my perspective towards finances.

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cryptoknightt
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May 03, 2023, 07:04:06 PM
 #292

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?



Yes, I'm ready because my goal in using crypto is not just investment, I'm really waiting for the moment when crypto can be used as a buying and selling tool
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May 03, 2023, 11:36:16 PM
 #293

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 for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.

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May 03, 2023, 11:54:30 PM
 #294

My choice completely depends on the necessity and not on the price. So, if I find the necessity of spending then surely I'll go for it. Rather than waiting for the time period to reach high in price, it is good to spend when required. We don't know what'll be the situation of us as well as the market tomorrow.
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May 04, 2023, 05:07:15 AM
 #295

I think everyone is waiting for that moment .

It's like being caught in the rain without an umbrella. When cryptocurrency prices fall, people tend to hold on to their assets tightly, hoping for better days in the future. It's like a game of crypto hot potato - no one wants to be left holding the bag while the music stops. So, they are more likely to increase their assets than spend them. It's a waiting game, and everyone is hoping for that elusive moment and when the price skyrockets again they smile back. Cheesy Cheesy.

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May 04, 2023, 05:10:26 PM
 #296

When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.
It's true that when you need money you have to sell whatever losses you have. There is nothing to do at that time. But there are some suggestions in crypto where you can only invest the money you are willing to lose. An investor should not invest money that he needs in his daily life. Investments must be made with a long term plan otherwise you may have to raise money with loss to meet your needs. When the market is down, everyone is thinking of buying. No one will never be interested in selling unless someone is in big trouble at that time.

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wmaurik
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May 09, 2023, 10:44:42 AM
 #297

It's like being caught in the rain without an umbrella. When cryptocurrency prices fall, people tend to hold on to their assets tightly, hoping for better days in the future. It's like a game of crypto hot potato - no one wants to be left holding the bag while the music stops. So, they are more likely to increase their assets than spend them. It's a waiting game, and everyone is hoping for that elusive moment and when the price skyrockets again they smile back. Cheesy Cheesy.
What they are waiting for is the skyrocketing price in the market so that it is only natural that some of those who have bought still want to increase the amount of their assets in their wallets to wait for more profits. But those who are waiting for a price increase without buying are also very many, because maybe they don't have the additional capital to make another purchase so they can only wait for a price increase by not selling at a loss at the lower price.

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Fredomago
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May 09, 2023, 07:24:02 PM
 #298

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 for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.

There are emergency cases where you can't avoid using your asset to buy something, or exchange your asset to your local fiat for something that you really can't avoid to happen, but those who are capable of holding and continue adding more assets to their wallets, for them using their crypto will not be a good options, instead of using it they will keep buying while the value is still cheap.

We know that there are different investors and holders who are willing to hold and wait until the value of their assets reached the target value that they want to sell.

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May 09, 2023, 07:46:04 PM
 #299

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 for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.

There are emergency cases where you can't avoid using your asset to buy something, or exchange your asset to your local fiat for something that you really can't avoid to happen, but those who are capable of holding and continue adding more assets to their wallets, for them using their crypto will not be a good options, instead of using it they will keep buying while the value is still cheap.

We know that there are different investors and holders who are willing to hold and wait until the value of their assets reached the target value that they want to sell.
Yes, there are really that moments in life or situation or scenario on which you would really be coming into a point that you would be having no choice but to pull or slice up some of your investment on the time that

you would really be needing up some money or financial back-ups. Once you are on a hard situation and your mind keeps telling you that you do have something on where you could get or sources then you would definitely be able to consider it out.Spending your crypto is never been ideal specially when you are accumulating and holding it for long term on which there's we are trying out our best
on saving it out as much as we could but well there are moments which it is really just not that bad on getting some portion of it.

Not all would be having that lots of fiats on their pockets for them to solve out such condition or moment but as much as you could then its better to avoid on snipping up some
portion of those coins you do have.

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May 09, 2023, 08:02:41 PM
 #300

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?



Spending crypto when the market is down is a waste. Because the market will be up again soon and since we know that, spending during down times is just throwing money away.

It always goes up and down and up and down.

Remember that one guy who bought a pizza with what is now considered millions of dollars worth of Bitcoin? Thats the guy I think about whenever I get the urge to sell or trade my crypto for something else. Although specifically I am talking about Bitcoin, perhaps the situation is exactly the opposite with scam coins. It might be better to spend them before they become worthless...

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