Bitcoin; a tool for spending or saving.

[Jubilee58]

Bitcoin can be used for both spending and savings, but saving bitcoin is more preferable to saving it, because when you save your bitcoin it appreciate in value, especially when you save it for a long time. When you are spending your bitcoin you are wasting something very precious, a digital coin that people are striving to accumulate for a long time and keep as a store of value.When you spend such a valuable asset, you stand to rub yourself of becoming rich in future. Do not spend your bitcoin, it is more preferable to save it than to spend it

[Alphakilo]

Which would you rather do?

For me bitcoin is a tool for saving I do not spend it because my situation doesn't permit me to spend it. Spending the Bitcoin means a loss for me, so I save it and accumulate wealth for me. Will tier means that I have freedom from any financial worries or being dependent on my government.

The only time that I spend bitcoin is when I want to make a cross border purchase that is not available with my local currency or something that is just easier accomplishing with Bitcoin.

[collecttmaster]

I prefer to do more saving. Why should I spend it if I like having my Bitcoin? Not everyone likes the replace with new purchases method. I know that some are insistent that you should be using Bitcoin, as they claim that is necessary for it to have utility. This is not true. My Bitcoin is the most valuable to me exactly where it currently is, in my wallet. 

[Maslate]

Honestly, even if there’ll be a lot of shops here that would advertise that they will accept bitcoin, I will still chose to save bitcoin and hold it for quite indefinite years most especially that its value keeps increasing every month, year and decade. I focused more on its investment goals rather than spend it and regret later on when we have all the fiat to spend knowing its value will just depreciate in the long run.

However, we have different goals and priorities in life, and mine is like, I’m just taking advantage of bitcoin while there is potentials in it that would lead to my dream financial security in the future.

[Issa56]

Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving?

Seriously some people in crypto space don’t even know the purpose of bitcoin, since they see people making money from bitcoin investment, they also want to make money also. Basically bitcoin was created to serve as alternative currency, so bitcoin was created for spending, but most people are no longer thinking about spending bitcoin, all they just after is how they are going to make money from bitcoin, and they don’t even want to spend there bitcoin. It’s really a good idea to hold some bitcoin, because am also doing that, everyone wants to make money, but at least we should try and spend some bitcoin if we have the opportunity.

[btc-marty]

Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving?

Seriously some people in crypto space don’t even know the purpose of bitcoin, since they see people making money from bitcoin investment, they also want to make money also. Basically bitcoin was created to serve as alternative currency, so bitcoin was created for spending, but most people are no longer thinking about spending bitcoin, all they just after is how they are going to make money from bitcoin, and they don’t even want to spend there bitcoin. It’s really a good idea to hold some bitcoin, because am also doing that, everyone wants to make money, but at least we should try and spend some bitcoin if we have the opportunity.

saving and investing is not the same thing

its not only to make money

its to avoid losing money by keeping that monetary value on a worst asset

with bitcoin just happends that in top of this, we are on the early days so people still on the adoption phase, so result in a great investment because is a good time to enter


its both (savings and investment)


aaaand its a good sometimes amazing tool to spend too

[CryptoHeadlineNews]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale?

First of all, Bitcoin is not a tool, but rather an asset. Because there is actually a big difference between a tool and an asset/currency. And as such, in regards to the question you just asked above, the saving aspect of Bitcoin as a decentralized digital currency can never be overemphasized due to the profit maximization investors who hold on to it long term may stand to gain, far higher than every other investments ever found in the world. Hence, it's best you diversify your funds where you keep fiat or stable coins for spending and Bitcoin for investing, since it has huge potential to increase in profits at a longer time frame.

[Cryptoprincess101]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Now you got it right because bitcoin is not a tool for saving money but rather an asset for store of value since the price keeps increasing and the value of the amount stored will increase along. Those who have held enough bitcoins after a long time can consider spending some part of their bitcoins but for those of us who are still accumulating bitcoins, it will be wrong to spend along while still accumulating because it draws one's investment backwards and slim your chances of getting a big portfolio. Nevertheless, we don't need to bother so much about spending our bitcoins now, a time is coming when spending of bitcoins will become a norm but for now, we should buy and hodl so that we can increase our hodlings.

[freedomgo]

I am fully aware that the way to go for global adoption for bitcoin is through spending it like fiat. When everyone dares to spend with their bitcoin, that will increase the adoption rate, hence the government will have no choice but to accept bitcoin as a legal tender.

However, this isn’t the reality with bitcoin. There are more people who come to bitcoin for the sake of investment goal, and I’m actually one of them. I have seen more potentials for bitcoin as an investment tool more than as a currency, so my priority is to buy and hold bitcoin for now, but maybe if I have already stored a huge amount, then I can start considering spend a little amount of bitcoin because I know bitcoin should more be used as a currency rather than as an investment.

[Josefjix]

So do I. It's great as a payment method, but the transaction confirmation times and other issues still make me uncomfortable. Especially considering the highly fluctuating transaction fees. We might not mind if the network transaction fees are low, but when there's a spike in network transaction fees, it can really discourage us from making transactions during that time.

Then you gotta wait till the network congestion goes so low before trying again, the only possibility of using Bitcoin for spending are for those that are involved in cross border business, companies paying workers with Bitcoin.

Personally, I don't use Bitcoin for spending at all, it seems to me as a waste of precious investment, like why should I be spending my precious property that values over time.

[boyptc]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

It's more of saving to me.

We don't have to lie about this fact. Because everyone who holds it treats it as an asset and it's only for saving and for the future use. If we're going to use it in the future, I guess that everyone will have to spend and sell it.

Not directly going to spend it because many stores don't accept it yet and that's why we have to convert it first. And so, that situation is also giving us the lazy vibe that we should have keep it until the price blows up to the sky.

And even it's currently blowing up to the sky and skyrocketing, it's giving now the idea that there's no limitation for how high it will go as an asset and that's why many uses it for saving.

[HONDACD125]

Bitcoin can be used for both spending and savings, but saving bitcoin is more preferable to saving it, because when you save your bitcoin it appreciate in value, especially when you save it for a long time. When you are spending your bitcoin you are wasting something very precious, a digital coin that people are striving to accumulate for a long time and keep as a store of value.When you spend such a valuable asset, you stand to rub yourself of becoming rich in future. Do not spend your bitcoin, it is more preferable to save it than to spend it

That wasn't the original purpose behind creating Bitcoin, but unfortunately, it has become that now. People barely care about what it was created for, and they barely care about the properties it has, people nowadays only care about its value because that is going to make them money in the long run, so you are not wrong in saying that when you buy and save it, it is going to appreciate in value and give you profits, but we shouldn't forget about the use cases of Bitcoin as well. There is nothing wrong in spending Bitcoin, because when you spend it, you basically spend it based on its current value, and there is no need for you to think you are wasting it or anything like that.

I think people should use Bitcoin for both purposes. One should buy and keep some Bitcoin if they are using it as an investment asset, but they should also have some Bitcoin that they can use whenever they can, given that the country they live in allows it and there are places where they can spend their Bitcoin. If we had places like that in our country, I would've love to spend my Bitcoin.

[BlackBoss_]

That wasn't the original purpose behind creating Bitcoin, but unfortunately, it has become that now. People barely care about what it was created for, and they barely care about the properties it has, people nowadays only care about its value because that is going to make them money in the long run, so you are not wrong in saying that when you buy and save it, it is going to appreciate in value and give you profits, but we shouldn't forget about the use cases of Bitcoin as well.

People are never the same and the world population is big enough so with the minority are Bitcoin community members as either investors, traders, speculators and gamblers, they have very diversifying ways in interaction with Bitcoin and usages. Bitcoin does not restrict anyone on how people can use it, and it gives people freedom, privacy and anonymity if they want.

People can contribute different things but with whatever reasons behind, if they have demand of buying bitcoins, it's good for demand as Bitcoin market will have more capital inflow so the price would be supported by more buyers.

There is nothing wrong in spending Bitcoin, because when you spend it, you basically spend it based on its current value, and there is no need for you to think you are wasting it or anything like that.

People are free in spending their bitcoins but they must be careful with any activities with wallets, UTXOs, transaction broadcast as Bitcoin transactions are irreversible and if they made mistakes on chain, their bitcoins will be lost forever and no ways to recover it.

[Iranus]

Honestly, even if there’ll be a lot of shops here that would advertise that they will accept bitcoin, I will still chose to save bitcoin and hold it for quite indefinite years most especially that its value keeps increasing every month, year and decade. I focused more on its investment goals rather than spend it and regret later on when we have all the fiat to spend knowing its value will just depreciate in the long run.

However, we have different goals and priorities in life, and mine is like, I’m just taking advantage of bitcoin while there is potentials in it that would lead to my dream financial security in the future.

Not just you, I think everyone will do the same. No one wants to spend bitcoin even if bitcoin is legal means of payment. Those who say they don't have the chance to do it and give various reasons are just excuses. Because basically, using an asset that can appreciate over time to make daily payments is a waste, not a wise thing to do.

Everyone has different goals and priorities in life but trust me, when it comes to bitcoin, we all have the same goal. That is to get rich from it.

[TheUltraElite]

It can used to save and spend, depending uporn your choice. For spending there are less number of places that you have available.  Hence the more likely option is to use it for investing.

For spending currently gambling and exchanges take up the majority of the share but maybe in future retail spending will become more common.

For now focus on collecting more and more bitcoin.

[Mate2237]

Bitcoin can serve various purpose depending because when it comes to the issue of Bitcoin usage I can say that it's an individual issue, why I am saying this is because there are people who has the intention of going into Bitcoin for the purpose of making instant money to these set of people they are looking at spending that is they buy and sell and use it to solve immediate problems and look for another means to buy again.


While there are other people who have saving in their minds these are the set of people that talks about saving or holding for the long term basis, I have to point out here that holding Bitcoin by people for the long term basis should when there is an alternative source of income to pay the bills.

[Ndabagi01]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Bitcoin was invented for the purpose to be used as alternative to the fiat currency but we’ve decided to explore other options like using it as an asset to invest and wit to take profit in the future. This particular feature of it has made it to be more attractive to the people and have attracted more adoption to bitcoin than any other thing. The idea of bitcoin been used as legal tender will be a great boost to the technology, but still think it is going to have more use as an asset than it’ll be used for daily spending like the fiat. Satoshi won’t see this as a failed project because many people don’t embrace it for its purpose it was invented but overall the mass adoption shows how reliable it is as a currency than the fiat.

[beveryu778]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Bitcoin helps you sevings as well as push you to spend. Because Bitcoin is something where you dream big. If you can be patient and hold on, you will get a lot of profit, but if you can't be patient, you will regret it. Again, many times, holding Bitcoin will make you spend a lot with high expectations because you think that you are going to get something big from Bitcoin. It is a simple matter that the more money you expect to own, the more your spending mentality will increase. I would say that Bitcoin works in both the savings and spending directions.

[Ziskinberg]

No matter how much I want to spend bitcoin so that I can also contribute to its future global adoption, but I have no sufficient amount to spend, and none in my place is actually accepting bitcoin as a payment for items bought.

So definitely, I will just have to focus first on buying and saving bitcoin, accumulating bitcoin through DCA knowing its price will continue to appreciate in time, and the more I will be saving bitcoin, the more I will be making massive profits in the future. And maybe that time, the rate of bitcoin adoption will also be making a significant increase.

[lionheart78]

Which would you rather do?

Bitcoin is created to be used as a currency that can be transferred without a third-party mediator.  As a currency it is a norm to spend and save it.  It is an obvious answer that everyone of us wanted to save, may it be money or anything else, but the question lies in whether it can be executed without any negative impact in the daily monetary needs of an individual.

If I have a means to save Bitcoin without sacrificing my family's needs, then why not?  We have already seen how Bitcoin increases its value overtime.  So if a person have ways to maintain his needs without spending Bitcoin, the person is inclined to save Bitcoin in order to grow its value.  I would also do the same thing without any second thought.