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Author Topic: Are you ready to spend crypto when market is down  (Read 3258 times)
rhodelmabanal
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May 20, 2023, 09:25:25 PM
 #321

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 hold when crypto is down spending crypto coin when it is down is a loss, because its value drop and you can only buy few things when its value are down , for me holding is the best option to avoid losses or is you cant hold swap it yo stable coin.like usdt, busd, etc..

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May 24, 2023, 05:03:15 AM
 #322

Hold we need to hold when crypto is down spending crypto coin when it is down is a loss, because its value drop and you can only buy few things when its value are down , for me holding is the best option to avoid losses or is you cant hold swap it yo stable coin.like usdt, busd, etc..
Apart from having to hold back when prices fall, some people also take advantage of falling prices to buy back assets they like with the reserve money they have and I think that is also a good enough thing to do apart from having to hold on when the price is declining. And I also often take advantage of the decline to target Bitcoin at low prices, although not in large quantities because I only buy according to what I have, besides holding on to what I already have.
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May 24, 2023, 05:15:21 AM
 #323

Hold we need to hold when crypto is down spending crypto coin when it is down is a loss, because its value drop and you can only buy few things when its value are down , for me holding is the best option to avoid losses or is you cant hold swap it yo stable coin.like usdt, busd, etc..
Apart from having to hold back when prices fall, some people also take advantage of falling prices to buy back assets they like with the reserve money they have and I think that is also a good enough thing to do apart from having to hold on when the price is declining. And I also often take advantage of the decline to target Bitcoin at low prices, although not in large quantities because I only buy according to what I have, besides holding on to what I already have.

In terms of investing, holding and continuing to accumulate during the bear season is advisable, if not mandatory, because that is how we can make the most profit. But if we need to solve an urgent problem and need money and there is no better solution, it is completely normal to spend crypto assets. No one wants to lose money when investment, but there will be many cases where money is not a priority. I am also selling my bitcoins for my child's life emergency, and I am willing to sell all my bitcoins without regrets.

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May 24, 2023, 05:34:13 AM
 #324


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?
When the market get down that means most of the investors will loss by their investment. I think if one is not overwhelmed with big financial problems, then no one will want to sell if the market is down. However, if someone is purchased by crypto currency and is profitable, if he thinks it is good for him to take the profit in this case I think it should be sold. However, there are big differences between investing in other altcoins and Bitcoin. If anyone holds a bitcoin, it is best not to sell it because the price will rise at any time. Which may not be the same with others.

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May 24, 2023, 05:49:23 AM
 #325


So How will willing are you to spend crypto for your purchases?


If I have sufficient funds why not. This is one of the other promising investment options and for those who have experienced profits in crypto currency, this is the most eagerly awaited moment. yes. buy low and sell at a reasonable price especially for those who already understand. Our participation in this is necessary for this adoption to continue to grow. if not one of us even the smallest item started, then who else

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May 24, 2023, 06:59:28 AM
 #326


So How will willing are you to spend crypto for your purchases?


If I have sufficient funds why not. This is one of the other promising investment options and for those who have experienced profits in crypto currency, this is the most eagerly awaited moment. yes. buy low and sell at a reasonable price especially for those who already understand. Our participation in this is necessary for this adoption to continue to grow. if not one of us even the smallest item started, then who else
if you already understand and understand about Crypto, of course buying when the market price is dropping is the thing that is most awaited and without hesitation for that.
even now I dare to spend my personal money needed for more needs if the correction in the Crypto market price is too deep, I believe that the crypto market will recover, and the reason is clear because I saw what happened in the past.
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May 24, 2023, 12:47:48 PM
 #327



if you already understand and understand about Crypto, of course buying when the market price is dropping is the thing that is most awaited and without hesitation for that.
even now I dare to spend my personal money needed for more needs if the correction in the Crypto market price is too deep, I believe that the crypto market will recover, and the reason is clear because I saw what happened in the past.



The decision to spend crypto when the market is down is a personal one. Regarding captioned post I think it is difficult to compare about the trending lines of market for any coin or for Bitcoin specially. Sometimes you can see the indicators trending in the market, and the volatility seems to be showing else. But within a short period of time, all of this can be reversed. It's important to consider the potential benefits, risks, and long-term outlook of both the cryptocurrencies market and your personal financial situation before making any decisions. However, it will be advisable to buy some other cryptocurrencies while the market is weak and to sell them when it strengthens. At last, follow  the Wait and See rule, then make your decision.

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May 24, 2023, 01:05:31 PM
 #328

I'm sure they won't spend all of it on a down market. because the decline can occur in a defensive manner, not in one round. maybe we have to wait for where the strongest support point is to really be sure where when we buy it at a price we think is already cheap the next round is the increase we will be waiting for not long I'm sure all traders will understand about this where they really have to really understand about managing their own assets.

That's for those investors who have often experienced this so never panic in conditions of declines occurring, but some of them spend assets when a decline occurs because they are afraid of losing all the assets they invest, and some of their traders do not know how to survive in market conditions are dumping and this we have often found, But for experienced traders, they continue to accumulate coins when downturns occur, because opportunities are never wasted.

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May 24, 2023, 03:18:30 PM
 #329

I'm sure they won't spend all of it on a down market. because the decline can occur in a defensive manner, not in one round. maybe we have to wait for where the strongest support point is to really be sure where when we buy it at a price we think is already cheap the next round is the increase we will be waiting for not long I'm sure all traders will understand about this where they really have to really understand about managing their own assets.

That's for those investors who have often experienced this so never panic in conditions of declines occurring, but some of them spend assets when a decline occurs because they are afraid of losing all the assets they invest, and some of their traders do not know how to survive in market conditions are dumping and this we have often found, But for experienced traders, they continue to accumulate coins when downturns occur, because opportunities are never wasted.
when a downturn occurs the psychological pressure will be even greater, many of them are unable to think well because of psychological pressure, of course in their day they will lose more money. but for those who know it, such a moment is an opportunity to accumulate assets. the bearish season this time is not as extreme as in 2018, where the market worried many people because of the fear selling. but this time there was no visible panic from investors as seen from the market movements

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May 24, 2023, 03:33:07 PM
 #330

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 one looks further to this point that Cryptocurrency has now emerged as a breakthrough concept, with Bitcoin leading the way. It represents a digital currency that operates on a decentralized network, where transactions occur directly between peers, bypassing traditional financial intermediaries. Where the basic purpose is as a medium of exchange although some people consider it more than just a currency. Cryptocurrencies have been attracting attention as investment assets, attracting the interest of those attracted by their potential for tremendous appreciation in value.

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May 24, 2023, 04:42:47 PM
 #331


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?
When the market get down that means most of the investors will loss by their investment. I think if one is not overwhelmed with big financial problems, then no one will want to sell if the market is down. However, if someone is purchased by crypto currency and is profitable, if he thinks it is good for him to take the profit in this case I think it should be sold. However, there are big differences between investing in other altcoins and Bitcoin. If anyone holds a bitcoin, it is best not to sell it because the price will rise at any time. Which may not be the same with others.
Spending crypto when the market is down is not a wise choice at all, especially if what we hold is bitcoin. Except as what you said, when we have financial difficulties that require us to spend the assets we hold, it's a different story. But when things are fine, we have to keep holding on and hold on until the market goes up again. I actually think the opposite, if the market goes down it is an opportunity for us to hold more, or in other words we make purchases.

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May 24, 2023, 07:50:02 PM
 #332

Everyone thinks differently some people use bitcoin to purchase the things but other desires to make more money with investment in Bitcoin. So I think that both investment and spending bitcoin for purchasing money is a better ideas but spending bitcoin in those areas where people doesn't understand it and doesn't want to take payment in the form of bitcoin should not be done because to make them aware about bitcoin payment will need prolong time.









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