Few Days To Christmas - How Are You Preparing?

[Nrcewker]

We need money for several stuff this festival period, yeah, but it is a simple advice I've got for the crypto community which you are part of, Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

If anyone sells their Bitcoins for these stuffs, then he will be the most foolish person I have ever met on Earth. I mean how expensive will be those expenses? Hardly 100$?(In my country 100$ will be sufficient to enjoy and celebrate Christmas), now for this if you selling 100$ worth of Bitcoins, then it’s not just only 100$, it’s the precious Bitcoins which you are selling from your own wallet and which are fixed in number. Instead you can take a short term loan if you really need the money and celebrate Christmas. We are about to get skyrocket in the price of Bitcoins. So don’t make mistakes and sell your Bitcoins.

[Iroh]

]
If anyone sells their Bitcoins for these stuffs, then he will be the most foolish person I have ever met on Earth. I mean how expensive will be those expenses? Hardly 100$?(In my country 100$ will be sufficient to enjoy and celebrate Christmas), now for this if you selling 100$ worth of Bitcoins, then it’s not just only 100$, it’s the precious Bitcoins which you are selling from your own wallet and which are fixed in number. Instead you can take a short term loan if you really need the money and celebrate Christmas. We are about to get skyrocket in the price of Bitcoins. So don’t make mistakes and sell your Bitcoins.

That’s a bit harsh, don’t you think? I wouldn’t equate foolishness to willingly letting go of some few satoshi to buy what would make you, family and friends be merry and filled with cheer especially on this festive season.
We’ve got just one life and we’ve got to cherish and enjoy the time we’ve got with friends and family. Lots of people are busy all year round and haven’t got time to chill, relax and spend time with friend and family.
We should cherish and enjoy whatever time we’ve got and letting go of some satoshi to make people happy in my book, isn’t foolishness.

[Accardo]

Bitcoin must be in circulation, nothing can stop people from selling and buying. When they're no cash available we are compelled to settle bill with our coins. Its a festive period and people expect all sorts of Gifts from loved ones. I've started celebrating Christmas with family 7 days ago, shared gifts to my nieces and family. I don't think giving should be limited to a specific period like 25th and 26th. Give as much as you could, generosity yields more fortune when done the right way. OP I think your advise should be focused on; buying bitcoin when we've got extra money after spending so much for Christmas.

[fennic]

We have just a few days to Christmas, so I guess now, it's Okey if we start wishing everyone a happy Christmas in advance.

This is a season when we all need money for various expenses like buying children Christmas apparels, shoes and anything that will make them look good.
Buying stuffs for ourselves to probably show off to neighbors, family and friends how wealthy we are and all that.
Spending lavishly on food and drinks that might end up perishing the next day if everything is not consumes in 24 hours or less..

We need money for several stuff this festival period, yeah, but it is a simple advice I've got for the crypto community which you are part of, Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

Christmas comes and in 24 hours, it's gone, Bitcoin is here and will remain with you for as long as you keep, we definitely will sell it one day, but we all know that now is not the right time to sell.

If you sell your bitcoin to maybe buy new set of clothes and shoes, you threw away your bitcoin because, in three months time maybe, you probably will Not be wearing those clothes and shoes anymore..
Why then lose your Bitcoin for items that perishes in such a short time?

I am not a Christian but I will say that there are many people who are totally dependant on Bitcoin and they have to sell their crypto and also Bitcoin so that they might be able to give gifts and also do some charity to the people who are needed. And that is there most beloved event. That's the reason we see some decline in Bitcoin and also crypto.
By the way Bitcoin is a crypto that will remain until the whole world is living and people will still hold it until their last breaths.

[hatshepsut93]

Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

When I was in school, Gobseck by Honoré de Balzac was a mandatory reading. It's a story about a wealthy man who died without spending any of his wealth and living a very frugal life. It's a reminder that people should also enjoy the present and not live only for the future.

If you're even denying yourself a Christmas, then what sort of memories are you creating? Years from now you might look back and realize that you wasted your best years not doing anything, only waiting for Bitcoin to go up. And worse, when Bitcoin does go up, people often fail to take profits and then wait for the bull cycle again.

There can't be any objective rule for managing your Bitcoin investment, because value and time preferences are subjective. In some cases it could indeed be a bad idea to sell Bitcoin to buy a Christmas gift, in other it is not.

[ChiBitCTy]

I see what your overall theme here is and I think it's a good reminder to simply be smart with your money, and to not waste it.  But keep in mind some people are going to have to spend their bitcoin whether they really want to or not.  I would sure love to be able to keep all the bitcoin I own in-tact and never spend it, but unfortunately sometimes I have to.  However I think your main point here is just to not needlessly waste your bitcoin on stuff that you're not going to care about in a very short period of time.

[kryptqnick]

Buying presents for Christmas is IMO not at all about showing off wealth to neighbours, but about helping to make some people happy, even if a little bit. I'm not a supporter of overspending, but I also think it's very wrong when well-off parents give no presents or very cheap presents to their children because children need to be loved and cared for. Also, some things can actually last for a long time and be of high significance in various relationships, and sometimes people need to sell their BTC not to buy expensive presents but to buy any presents for their loved ones. So I believe people should first and foremost treat Bitcoin as money and money should be spent when there is a need to spend it or when spending it can lead to positive improvements of someone's lives.

Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

When I was in school, Gobseck by Honoré de Balzac was a mandatory reading. It's a story about a wealthy man who died without spending any of his wealth and living a very frugal life. It's a reminder that people should also enjoy the present and not live only for the future.

If you're even denying yourself a Christmas, then what sort of memories are you creating? Years from now you might look back and realize that you wasted your best years not doing anything, only waiting for Bitcoin to go up. And worse, when Bitcoin does go up, people often fail to take profits and then wait for the bull cycle again.

There can't be any objective rule for managing your Bitcoin investment, because value and time preferences are subjective. In some cases it could indeed be a bad idea to sell Bitcoin to buy a Christmas gift, in other it is not.

Also had Gobseck as obligatory reading at school, and totally agree with your point.

[tjtonmoy]

Well, OP is trying to say that you should not spend your BTC on some temporary things that comes and go. I agree on that part, but what if someone is in need of something that they need badly? Should they not sell their BTC if this is their last resort?
I think if they have bought BTC and holding them, then they have the right to use it however they wish to. Christmas is about celebrating the holiday &  spreading happiness. If you hold the BTC, and it grows in the future, but you may not get this holiday with your family if they are gone someday.
Enjoy the life while you can. Money will come and go. But once a person is gone, you will never get them back.
I am not saying that you spend all on useless thing, just buy what you need to have the best Christmas.

[Mate2237]

Christmas is a period of sober reflection to our dear Baby Jesus. It is the period he was born to the world to save the mankind. It is a period of jubilation and it is not also a period of jubilation. It is the period of jubilation in the sense that, the savior of the world was born and it is not a period of jubilation because birthday celebrations in the holy Bible was celebrated and humans were killed. John the Baptist was also killed in a birthday celebration.


This is the period of love, giving happiness. What will you give in this Christmas? Show love...

[BlackHatCoiner]

Christmas is spending based. Spend some time with your friends, have a dinner with your family, buy yourselves some presents, take a break from bitcointalk.  

But the money I invested?  It should continue to be used carefully, not spent away on things just to have a mental pleasure for five seconds then forget about it.

You're lucky if you're happy with the way of living you describe. I'm not a consuming monster, but I don't do well if I don't do some pleasure to myself and my relatives once in a while. Especially if I know I make more money than them. Careful spending is important, but Christmas-- and holidays in general, is this time of the year where you gotta be more reckless, for the sake of your health.  

[len01]

it depends on each individual to sell bitcoin only to buy needs at Christmas time or prefer to hold bitcoin but not wear new clothes etc.
if someone has a target and is consistent to always hold bitcoin, will not sell until the price is really high, chances are that in any situation that person will continue to hold it regardless of any situation at that time.
but if someone who buys bitcoins without having high and consistent targets, it is likely that on Christmas Day he will sell some bitcoins to celebrate Christmas.
for me actually if you still have clothes or pants that are still good and suitable for use at a Christmas party it is better to use old clothes or pants than having to sacrifice assets just to buy things that are not too important.
say maybe on Christmas this year have a party with simplicity but when in the next few years when the bullish comes the price of bitcoin goes up high, you can sell it at a high price and get big profits and you can live Christmas with all the luxury that you earn from investing in bitcoin.

[sstephan]

Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

just shows how delusional people have become in this community .

and you want bitcoin to replace currency ?
what a joke .
it seems all you care is your riches , and this probably 90% of bitcoin community , unfortunately .

bitcoin will fail for many reasons ,but the main one will be peoples GREED .


go ahead and stair at the graph , all day long instead of enjoying christmas .

[passwordnow]

It is okay to spend bitcoin if you really want to, that's how it should be for us to spend it. I've already bought my stuff and for the kids that might ask me for some money but it isn't that much.
I've got a fewer budget than several years ago, you know the pandemic and inflation thing. It's different for this year but I just hope that whoever receives these things from me will still be happy despite how low-valued they are and I hope they will understand my situation. Because I've experienced giving before and a few complained on how few I've gave and that urged me to stopped being generous.

[MinoRaiola]

Merry Xmas Bitcoiners!

We buy gifts because we want to do something good for our loved ones. But please don't forget that there are also many people who are not well. I always donate some money at this time so that other children can have a good time. Life is hard enough, this makes it a little easier. And now, have a good time, everyone.

[Mpamaegbu]

Other than the harmattan usually experienced during the Christmas period, nothing seems to be special for me now as a grown-up man. In my growing up days, it used to be a time for celebration and that was because my Dad made it so, spending unnecessarily. Now that I've my kids, I'm a bit circumspect. My kids know there's nothing that can be done on December 25th they don't get the opportunity of doing on any other day; food and whatever. In fact, I've made it a tradition to stay indoors on Christmas day. It's because of the crave of people to overdo things around the festivity that has made me take a contrary approach, treating Christmas like a regular period.

[lostbox66]

Well you can't spell Christmas without sats

(talking to self)
c...h...r..i... hey, they're right!

[Marvelman]

The decision to buy or sell Bitcoin should be based on both your own situation and the factors that are most important to you. By considering both, you can make an informed choice and know how to proceed. In the end, the decision to buy or sell Bitcoin should be based on your individual circumstances and financial goals. Some people may choose to sell some of their Bitcoin in order to use it to buy gifts or other items for the holidays, while others may prefer to hold onto their Bitcoin in the hope that its value will increase over time. Whatever your plans, I wish you all a merry Christmas, happy holidays, and a happy New Year!

[LDL]

It's strange to me if someone has some kind of significant amount in BTC, and they won't allow themselves anything for Christmas and New Year just because the price of Bitcoin is so low compared to the last ATH. Christmas is once a year, life is too short to hold back all your life and wait for a new opportunity that may never come.

I'm not saying we should act like drunken millionaires and spend like there's no tomorrow, but don't hold back on some basic things because "it's not the right time to sell Bitcoin".

Some days of human life should not be measured with money.  I agree with your words because money may come and go in life but some moments once lost from life will never come back.  What is once lost in the stream of time can never be regained.  Bitcoin and other currencies may come and go in your life but Christmas Day comes once a year.  Let's all blow ourselves up next Christmas Day regardless of Bitcoin's current market conditions.  May the life of every human being be full of joy and prosperity.  Happy Christmas Day to all Bitcoiners.

[Obari]

I've come across so many other threads where people preach against the sell of Bitcoin  regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

[CryptoPanda]

I've come across so many other threads where people preach against the sell of Bitcoin  regardless of whether in profit or not.
Most people really don't get the concept of investment, especially with relationship to Bitcoin and cryptocurrency in general. The moment you're holding a coin and you've made enough profit to have possibly satisfied your greed and pleased your heart, I strongly advice that you should atleast get it's capital off the market to avoid emotional attachment while holding.
This is a festive season and though holding is a gift, I think if the only means we have to celebrate this season is to sell some part of our holdings then I see nothing wrong with that but in all you do, always remember to have some more savings to fall back to.

I’m not against using bitcoin as a payment method, I completely support the use of bitcoin to pay for goods and services. It’s the purpose of bitcoin as a currency afterall. I just do not think selling bitcoins in bear market to spend on Christmas is a smart decision. Tbh I think Christmas is a business not a religious holiday as originally intended, it’s the largest economic stimulus in the world. They do it every year so they can sell their merchandise. Christmas generates trillions of dollars every year and I would prefer not to add my bitcoins to the statistics.