The importance of Not spending

[Jateng]

It is important to balance out between what you are saving vs what you are spending. To me it's very important to maintain a decent life style because that's why I am working hard daily. What's the point of saving for future, if you don't spend on basic necessitates of life. I also firmly believe that we must live within our earnings and our expenses must not exceed our earnings. Savings are also important specially for people that don't have proper jobs that cover things like medical insurance. Just maintain a balance between savings and spending's to live a happy life.     

Saving is not only important for people in low-income or lower category jobs it is equally important for everyone, regardless of their profession or income level. Saving plays a crucial role in protecting us during emergencies and unexpected situations. If we do not have any savings, it becomes very difficult to manage sudden financial problems or severe situations. If you hold your assets in the form of gold, shares, bonds, or even digital assets like Bitcoin, these investments can provide long-term benefits. Many of these assets can also be easily liquidated when needed, making them useful during emergencies. So holding sometimes is better or if it is in the form of bitcoins or gold, it will give you financial support. Holding also helps in planning for the future and building financial stability. At the same time, it is important to maintain a healthy balance between spending and saving.

[SUPERSAIAN]

Holding is the only way we can make money as a Bitcoin investor but many don't still believe it and all they care about is to buy and sell immediately the price of Bitcoin goes up or appreciate. It is important we know the value of what we have and those that has been holding Bitcoin for many years have nothing to regret so far. As you hold, you don't have to buy Bitcoin with funds that are meant to take care of your needs. It is better to use part of your savings to buy Bitcoin than using everything so in case you find yourself in an emergency.

Okay, but how long will we hold onto it? We'll keep it for a while and then sell to make a profit. Those who hold Bitcoin for 5-10 years are definitely the ones who forget about their wallets and only access them later. Imagine you made a 10-fold profit on a product, what would you do instead of selling? I wish we could be that patient, but it's really difficult.

Bitcoin investors who invest in the way you described are usually large companies, like Microstrateji, for example, I don't think they would ever sell.

[devlin85]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

[Mate2237]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

No body should live on their investments in Bitcoin or any other investments that you have been able to get. This is because taking money out of your investment to be solving immediate needs is one of the fastest ways to go broke because no business can grow when money is gradually and steadily taken away from it.


Bitcoin investment should not only be the only investment that you should  get involved in, nobody grow to accumulate any sustainable wealth by only having one streams of financial. Wealth creation involves you having multiple streams of income.

[uneng]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

No body should live on their investments in Bitcoin or any other investments that you have been able to get. This is because taking money out of your investment to be solving immediate needs is one of the fastest ways to go broke because no business can grow when money is gradually and steadily taken away from it.


Bitcoin investment should not only be the only investment that you should  get involved in, nobody grow to accumulate any sustainable wealth by only having one streams of financial. Wealth creation involves you having multiple streams of income.

Diversification is needed. When you diversify your money among different investments, one or another investment can be doing badly, but you will still have another sources of income to compensate the losses or low profitability on the other side. Discipline is also important in order to not keep cashing out funds from the investments, so they can grow within time and generate compound interest.

Regards Bitcoin, specifically, the investment must be always done thinking on long term results. That is, the investor must have in mind he may have to hold for at least few years until finally cashing out some profit from it.

[CageMabok]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

Smart investors and businesspeople understand this well and won't invest or open a new business if they still have basic things to fix, or if they're content with their current cash flow. Because investing is a freelance endeavor, it always involves risks equivalent to time and capital, it must be carefully considered and not be entangled with other things. That's why funds for basic needs and investments should never be combined and should be clearly separated, and emergency savings should never be combined with funds spent on daily expenses. This is a fundamental discipline for any investor who wants their investments to be unaffected by such trivial matters.

[Makus]

When investing in bitcoin you must set your mind on a long term investment and in order to do this you must create ways for yourself in which you wouldn't have to live off what you are supposed to be holding. Before investing in bitcoin you must first of all have a source of income that you know you can get money from, spending your assets would not give you the results that you require. selling when you emergency funds is a sign that you are not ready, have those funds set aside so you can keep all your investments running

[passwordnow]

Do not spend your bitcoin if....

• You don't have to
• No emergency
• You have other savings

Spend your bitcoin if you want you....

• Take profit
• Want to purchase something you long for
• You're decided to do so
• You'll accumulate again

[Aloysius01]

When you have no more money then you think that you would just get money from your bitcoin holdings, this is where your investments gets in danger. When you have something to pay for and you already dedicated a part of your investment for that make sure that you will either take out the money immediately when the market is up otherwise the market might just decline and you might end up not being able to pay for whatever it is you have to especially if it is time sensitive.

The most appropriate thing to do is to not spend your bitcoin investment at all until you are really ready to take out half or all of it. That way you won't be that affected if the market declines. Now because you need some bills to pay and the market has declined, you do not want to spend your bitcoin anymore but what other choice do you have when you have no more money at the moment?

It is really crucial to be able to hold bitcoin while also having money saved on the side so you won't have to touch your bitcoin investment. Regardless of whether the market is up or down.

‎The most appropriate thing to do is to not spend your bitcoin investment at all until you are really ready to take out half or all of it, That way you won't be that affected if the market declines, Now because you need some bills to pay and the market has declined, you do not want to spend your bitcoin anymore but what other choice do you have when you have no more money at the moment?
‎It is really crucial to be able to hold bitcoin while also having money saved on the side so you won't have to touch your bitcoin investment. Regardless of whether the market is up or down.

[imthegreat]

When investing in bitcoin you must set your mind on a long term investment and in order to do this you must create ways for yourself in which you wouldn't have to live off what you are supposed to be holding. Before investing in bitcoin you must first of all have a source of income that you know you can get money from, spending your assets would not give you the results that you require. selling when you emergency funds is a sign that you are not ready, have those funds set aside so you can keep all your investments running

I followed bloggers and some very talented traders who were excellent at technical analysis, understood technology, and followed fundamental developments. Yet, they had virtually no money to invest. It was incredibly frustrating to see that when they tried to set aside something to invest, they couldn't maintain it for long because they needed the money in real life.
They were forced to cut their losses because they didn't have enough income to cover their living expenses outside of trading.

[MFahad]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

I think it's below average to use your investing to cover your daily expense. without proper savings, investing can turn into survival selling. When money is not managed well, life slowly moves out of balance. In such situations, people are often forced to sell their valuable belongings or long-term assets just to cover daily expenses. Sometimes they even have to take loans to survive, which adds more pressure and stress.
This is why savings are so important. holding some money or assets gives you a sense of security and peace of mind for the future. the more you save the more your future secure will be. When your regular expenses are under control and you can manage your daily needs comfortably, then you should think about investing. So try to invest in gold, Bitcoin or simply holding assets for the long term, can be a smart decision. In the long-term investments can bring higher returns and protect your financial future.

[bubilas]

I think every married guy on the forum smiled sadly after reading the thread title, because it's one thing to save for yourself, and quite another to save when you have a wife or a family with children. These are two different things, and saving in a family is an art in itself. The fact is, every man has a strong sense of self-esteem, and he wants to provide his wife and children with the best possible conditions and ensure the best possible future.
But at the same time, he also wants to invest more, because investing in Bitcoin will bring profit in the future, since the ATH is constantly being updated. So, he has to constantly balance these desires.

[barbara44]

I think every married guy on the forum smiled sadly after reading the thread title, because it's one thing to save for yourself, and quite another to save when you have a wife or a family with children. These are two different things, and saving in a family is an art in itself. The fact is, every man has a strong sense of self-esteem, and he wants to provide his wife and children with the best possible conditions and ensure the best possible future.
But at the same time, he also wants to invest more, because investing in Bitcoin will bring profit in the future, since the ATH is constantly being updated. So, he has to constantly balance these desires.

I agree lol. As a married man, if I save, she will spend whatever I saved. I have tried it for over a decade now, I try to spend as little as possible for myself so that we can have a little bit of money but whenever I do that all she can think is we have some money aside and can afford something so she spends.

Just recently, very recently, I got out of hospital from a sickness and was finally feeling just a bit better, and it cost me a lot to get better, so we had some debt, but the first thing in her mind was lets go celebrate. I mean I get the idea, yes me recovering from a sickness is something to celebrate, but that doesn't mean we have the money to go out spending money that we do not have just to celebrate.

[topbitcoin]

I think every married guy on the forum smiled sadly after reading the thread title, because it's one thing to save for yourself, and quite another to save when you have a wife or a family with children. These are two different things, and saving in a family is an art in itself. The fact is, every man has a strong sense of self-esteem, and he wants to provide his wife and children with the best possible conditions and ensure the best possible future.
But at the same time, he also wants to invest more, because investing in Bitcoin will bring profit in the future, since the ATH is constantly being updated. So, he has to constantly balance these desires.

That's why we always try to earn more money regardless of what we can do as long as our income can increase then it will be even better
I feel the same way for now when I have a wife and children then obviously my mind must be demanded to be able to get more good additions because this is to stabilize the income we give to the family and how to maximize conditions when we are in bitcoin considering that in this case we cannot choose one when we are already in both (when married then have children and invest) considering that we have to maximize it.

But for now with the income I get from my job it is enough for balancing where my wife and children do not feel deprived and I myself am still comfortable with the investments I make because indeed apart from the spending arrangements that I do are quite strict for unnecessary things, doing some work even though it consumes free time seems to be quite effective for me to do now.

[Onyeeze]

When you have no more money then you think that you would just get money from your bitcoin holdings, this is where your investments gets in danger. When you have something to pay for and you already dedicated a part of your investment for that make sure that you will either take out the money immediately when the market is up otherwise the market might just decline and you might end up not being able to pay for whatever it is you have to especially if it is time sensitive.

The most appropriate thing to do is to not spend your bitcoin investment at all until you are really ready to take out half or all of it. That way you won't be that affected if the market declines. Now because you need some bills to pay and the market has declined, you do not want to spend your bitcoin anymore but what other choice do you have when you have no more money at the moment?

It is really crucial to be able to hold bitcoin while also having money saved on the side so you won't have to touch your bitcoin investment. Regardless of whether the market is up or down.

how will advise anyone who have money to spend purposely or for a good something to spend the money to achieve another height of investment or another thing that he or her have been seeking for for long time, to be better for you to achieve that time to keep your money in Bitcoin for long time, it's not that keeping your money in Bitcoin is bad thing but the problem is that you cannot be keeping your money for bitcoin only because sometimes bitcoin fall and sometimes it arises it may be the time that you may need your money to do something else then bitcoin Falls, so that is why is good when you invest in Bitcoin and you made a profit you have to remove your capital and they use your profit to invest for long time as long as you like

[bubilas]

It is really crucial to be able to hold bitcoin while also having money saved on the side so you won't have to touch your bitcoin investment. Regardless of whether the market is up or down

There are plenty of investors doing just that these days, but there's one problem. Bitcoin investors fall into two categories: those who believe in Bitcoin, are interested in it, and embrace the Bitcoin blockchain as a backdoor technology. Then there's the type of investor who buys Bitcoin through friends, doesn't save recovery keys, and keeps the Bitcoin on a flash drive for several years, after which they forget where they put it. Therefore, it's also important to know how to store Bitcoin. There are many stories of Bitcoins being stolen from investors by friends, or of Bitcoins being hacked while stored in hot wallets. Or they've been hacked, as is currently the case with the browser version of Trust.

[rangga28]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

That's why some people are sometimes so careless with their money and spend it simply by following trends, which is a very bad thing. Sometimes people are fooled by huge jumps in profits without first analyzing them. However, if the money is still not secure for daily use, it's better to avoid investing in volatile assets. So, I agree with what you said: having separate savings from investments is key.

[BRINIRHA]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

Exactly. And actually, someone who does that also means that they are not properly preparing the money they use to invest in bitcoin. Which means they are not ready for long-term investment. Because to invest for the long term, a person must also prepare everything well, especially in meeting their daily needs. At the very least, there must be an income that allows the person to save for emergency funds as well, after budgeting for their daily living expenses. And if there is still money left over after meeting their daily needs and saving, only then can a person set aside that remaining money for long-term investment, and not the other way around.

[BigBos]

Using investments to cover everyday expenses is a bad setup, Bitcoin can swing hard, while expenses are fixed and constant when you’re forced to sell just to pay for basics, you’re no longer investing, having savings separate from your investment is key, and BTC really only works when you give it time and think long term.

That's why some people are sometimes so careless with their money and spend it simply by following trends, which is a very bad thing. Sometimes people are fooled by huge jumps in profits without first analyzing them. However, if the money is still not secure for daily use, it's better to avoid investing in volatile assets. So, I agree with what you said: having separate savings from investments is key.

That's a big no-no, we should invest and always have money to live on. Don't even be too hasty to invest as long as your needs are not fully met because it is not good for your investment.

The first thing we have to do is we must first make sure that all our needs are met every month, that way we can invest calmly without having to think about whether our needs will be met or not. Calm is a powerful thing when investing and it's part of the psychology of investing.

[Republikcoin.com]

That's why some people are sometimes so careless with their money and spend it simply by following trends, which is a very bad thing. Sometimes people are fooled by huge jumps in profits without first analyzing them. However, if the money is still not secure for daily use, it's better to avoid investing in volatile assets. So, I agree with what you said: having separate savings from investments is key.

People who like to invest usually have a separate capital reserve from other savings so that their investments and savings are never affected by any circumstances. Because when it comes to following trends, it's usually influenced by someone's level of temptation, which can lead to being considered reckless simply because they can't resist having something new. Everyone should always have a specific review of everything they want to do and want to own. If there's no benefit, it's pointless to have something new just to be considered following a trend.