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Author Topic: Is it wise to spend your Bitcoin  (Read 695 times)
josephsonand
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April 18, 2023, 06:22:39 AM
 #121

If you believe in the future of Bitcoin, hodling is a smart move. Who needs to buy things now when they can be worth twice as much later? Personally, I like to balance my hodling with some occasional spending. That way, I can enjoy the benefits of Bitcoin while still holding on for the long term.


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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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April 18, 2023, 06:44:37 AM
 #122

Most persons purchase  most items using Bitcoin transactions I am of the opinion of hodling instead of spending pls is that a positive mindset?

The question is do you have enough money to make the purchase with Fiat? If so then I would rather keep my bitcoins then spending them right now. In case you don't have enough money and need to sell some of your investments it's okay to take a profit right now. Bitcoin came a long way to come back to the 30k USD levels and it's okay to take a profit now, but you should be aware that long term the price is going to rise higher. What kind of purchase are you going to make? Is it something necessary or unnecessary? You might feel bad in 6 months if you bought something unnecessary with your bitcoins and the price is going to rise much higher. 
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