Don't regret to spend your Bitcoin it is your money.

[Akaenyi]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car. To my surprise he hasn't bought the car till now, his reason was that price is bellow $100,000. He has postponed the car matter indefinitely till there is a new ATH.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

[Creeper0]

You probably shouldn't worry too much about other people's investments. The market is expected to be a bit of a drag in December, but there is a possibility of a slight recovery in February. Or it may not happen and the market may reverse.

However, if your friend can hold on to his money for a few more days, he should hold on. There is nothing wrong with waiting for an ATH or bull run to sell after reaching the target. It is his money and he has the freedom to spend it when he wants. If he would have lost money by not selling, I would have been in favor of selling, since he is not losing money so let him be. And expecting a high price to sell is not part of the temptation.

[Moreno233]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

I just made a comment recently expressing my frustration for spending part of my Bitcoin sometime this year when the market was not willing continue pushing upward. The fact remains that your purpose of investing is key to how you will manage your asset. If your plan is the to hold for a long period of time, there is no way you will be willing to sell so quick because you have a target of holding for long. However, if the intention is to buy and sell when you consider that you have seen reasonable profits, then selling is not a problem. I also love your caption because it agrees perfectly with the very essence of Bitcoin which is to be used as a currency. Sometimes I do advocate for people to be using their Bitcoin in their daily activities as much as they have the opportunity to do that. It helps the network and also shows that the works of Satoshi have impact on humanity.

[PremiumcryptoHub]

To my knowledge Bitcoin is about freedom, so everyone has the freedom to invest in this electronic currency. However, OP, as a Nigerian, if your friend is putting off buying a car indefinitely without selling Bitcoin, then this is a good decision for him for now. Everyone has a goal before investing, if someone's goal is long term then they wait for a cycle or two which your friend is already doing because after the price of Bitcoin touched the highest ATH we can see that this currency has a huge fall in November and December, due to which every investor's portfolio now has a very low level of yield which is also the case with your friend who wanted to buy a car from the investment profit. Also, selling investments depends on personal financial goals, profit targets, and market conditions we see that many people want to secure profits and decide to sell in stages.

[Jubilee58]

Spending your bitcoin is a choice, and there is nothing wrong when you spend your bitcoin more especially when you have made some profit from your investment. There are also those who are in for long term investment and  can keep Bitcoin in their portfolio for even more than a decade without touching their Bitcoin. Another thing that can make bitcoin investor temper his bitcoin is investment plan, people who are in for short term investment will sell their bitcoin at any moment, possibly within a short period of time, while those who are in for long term will never sell so quickly, despite the bitcoin fluctuation.

[Obim34]

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

How is he being greedy, holding a little longer for the price to bounce back is a sensible, commendable decision. I would do the same, waiting to sell when the price goes over another ATH or back to where it was.

The issue of being greedy applies only to traders, investors are supposed to sell during bull seasons, no amount of profits is said to be enough for an investor whereas there are future possibility of making more, the Bitcoin in his holding isn't set at risk, no attitude comes forth as greed to my knowledge, that's a behavior of an investor who understands when and what reason to sell.

[Cryptohygenic]

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

As long da ur frnd no dey on panic with the market changes way obstruct em ambition to buy car with em bitcoin profited funds on the price increase, I no see any reason why u go call am greed. Besides Investors to expand their investment spam way be say if things no go as dem plan in the short term, dem dey apply long term goal which I believe say na wetin dis ur frnd do.
Maybe u self no really understand the mitigation strategies of managing volatility for the bitcoin market.
Or paraventurely, ur frnd don see am say owning a car now go be liability to him so em choose to accumulate more profits while the car comes later.

[Cryptomultiplier]

I agree with your point OP, and even though you did good to give your honest opinion to your friend, the truth is that it boils down to this friend in particular to decide on what he wants. Who knows, maybe he might be luckier in the end, if he isn't, then that's a lesson he is got to learn and carry on his conscience for the rest of his life.

Bitcoin is currency to be spent just like fiat, but people stress more on holding it because it isn't an everyday currency like our fiat currency and that's why the emphasis on holding for long term value.

[Majestic-milf]

 No be lie you talk for here, my guy. I totally relate with wetin you cap for here. You know say pei dey find am difficult to comot money for. Their Bitcoin holdings take flex because to them e go seem as if them dey waste am, considering how them don sweat to build am to a particular point, spending from am go look somehow., I understand but the most important thing be say, after all the holding, e go good to take from there enjoy small, after all nah your hustle you dey reap from.

[Johnlomape]

This talk wey you talk really make sense and na watin people need to understand about the matter way concern Bitcoin. Some people go like deceive themselves say tdey dey hold Bitcoin for plenty years, na because sapa never come visit you for your house na him make am you never understand say na who hungry dey catch na him know watin him dey pass through.

The price of Bitcoin go rise and go fall again and na like that we been don dey see how the him wan move and no be something wey we get the power to stop am from going up and down movement for this same matter matter. Those wey get Bitcoin need to spend am at least even though dey get the one they go keep and they no go touch am.

The price of Bitcoin no go ever dey stable and we need to understand say spending Bitcoin na part of the things wey Satoshi Nakamoto don talk before. Him say him create Bitcoin so that we fit use am do transactions and no be for keeping sake. As we  dey keep that Bitcoin, the one way we go spend supposed dey too.

[Stepstowealth]

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

You nor dey position to dictate how person go spend money from investment wey e make with e own hand. Your friend dey right for my eye to decide to pause small because e go regret well well say as e make withdrawal to go buy something like motor, bitcoin go cun increase in value. If the car need is not pressing, it is okay to wait a bit and get it at a time that he is comfortable with. If the transaction is a small transaction like something not expensive that requires some spending, that can be purchased at any time not considering the dip or not, but as it is a huge transaction, it is wise in my opinion to consider.

[IceLincoln]

The decision of your friend is commendable, it’s not greed it’s strategy he is also free to make whatever decisions he chooses to make concerning his holdings. As an investor I’m thinking maybe he doesn’t want to  cash out more than the percentage he has planned to withdraw because it’s not good to exhaust your holdings. Cashing out now might give him less than what he planned and also dip into his residual holdings.

Yes we’re into bitcoin to make gains and use it but it’s important we do it wisely; I see no reason regretting selling your bitcoin unless you sold a large amount and after which price rockets. This is the only situation I might feel regret.

[I_Anime]

No one is forcing anyone not to take profits , his your investment only you can decide what to do with it . If others choose to hold and you want to sell you can actuallY go for it , but you just have to be ready for what comes afterwards.

Base on what have learnt so far is that everyone have that bitcoin accumulation goal . Some goal maybe different or same , but still doesn’t matter, what actually matter is that you keep to your goal , when you have reach the goal and you feel contented with your accumulation, then you may come up with method to take profits without selling all your holdings , because if you do (sold all) you may later regret it, to be in a safer side is not selling all your holdings.

[Emjay24]

Your friend simply wants to hold for longer in order to get better profits and it has no business with greed, when you really start investing into bitcoin with the vision of securing your financial future in it, you may even get greedy yourself and not want to sell a lot of BTC too soon since the profits you enjoy on your investment depends on the size of your portfolio.

Your friend is doing what he feels is best with his bitcoin investment and from history anyone that goes longer in bitcoin gets more profits on his investment.

[Princess Leah]

 Everyone has the right to spend their money, including the profits they make in their portfolio through Bitcoin investment but then spending wisely matters, you don't just spend money because you've invested for years and feel you're worthy of taking profits then spend your profit recklessly, some even go to the extent of clearing their portfolio cause they've invested for years.

 It's okay to take profits but not all, atleast some portions would be okay and you ought to sell it during the bullish season than selling at lose during bearish season just because you're worthy of taking profits. You don't invest in Bitcoin for years to end up spending it recklessly, it's a big error lots of investors out there make.

[Frankolala]

Everybody has the reason why the got into bitcoin and it's their own decision on when to sell or not, I don't see it as greed because he has a selling price target. One thing you should know is that bitcoin price increases overtime in the sense that the bottom line of the bear market in this circle cannot be achieved in the next circle because the price has made a new ATH, therefore, it wouldn't be able to dip down to the previous bottom line but higher.

[Akaenyi]

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

How is he being greedy, holding a little longer for the price to bounce back is a sensible, commendable decision. I would do the same, waiting to sell when the price goes over another ATH or back to where it was.

The issue of being greedy applies only to traders, investors are supposed to sell during bull seasons, no amount of profits is said to be enough for an investor whereas there are future possibility of making more, the Bitcoin in his holding isn't set at risk, no attitude comes forth as greed to my knowledge, that's a behavior of an investor who understands when and what reason to sell.

I think it's greed if you have made enough profit over the years of buying and holding then suddenly change your plan of buying something very important to you because it happens that price just dip then. Remember that you don't know how long Bitcoin will stay in dip while you are denying yourself of what you have been sacrificing to get. It depends on the importance that you attach to what you want.

Trading is for people that wants to make quick profit but when you have a plan to invest in Bitcoin and use the profit to buy a car in the next 4 years if the amount completes for the car you should buy it. I don't think it makes sense to prospone because of dip at the time of buying meanwhile you have made a lot of profit before then. If the car was important to my Friend he should have bought it because he doesn't control the market

[SmartCharpa]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car. To my surprise he hasn't bought the car till now, his reason was that price is bellow $100,000. He has postponed the car matter indefinitely till there is a new ATH.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

Every investor has their own target for their investments, some people invest to hold for 5 to 10 years, you should not blame anyone if they fail to sell at any price, they might be discouraged from the market since that is not how they expect the market to operate at that period. Some people believe that when the price hit a new ATH few months ago, they assumed that was how the market would behave throughout the year, but no one can predict the bitcoin price.

You don't have to blame your friend when he fails to sell at any price, he had his own target, and if he sells at this price, I don't think he will be satisfied with the current market, but let him wait for the right time when he believes he can buy the car. Of course, Bitcoin is our money, when we need money, we should not panic to sell, we can touch it and sell.

[Zorellian]

I know that Bitcoin is good to hold for many years so that it's value will increase very well and you will make a lot of profit. What if you have long term plan on what to do with your Bitcoin like in the next 8 years and it happens that it fall into bear run at that time meaning that price has dip. What will you do, will you go ahead and sell or hold it till the next bull run?

Why I brought this topic up is because I have a friend that has been into Bitcoin investment for many years before I even knew about Bitcoin, clearly he has made a lot of profit from it. In the middle of this year he told me that he was going to buy a car in this December, from his Bitcoin profit. We were very happy about the ATH a few months back and he said that he couldn't wait for December, to buy the car. To my surprise he hasn't bought the car till now, his reason was that price is bellow $100,000. He has postponed the car matter indefinitely till there is a new ATH.

I told my friend that he is greedy that afterall he has made a lot of profit from Bitcoin that he should have bought the car despite the dip. I think that if we have made profit and our long term goal of holding Bitcoin matures we should spend the Bitcoin because it is our money. No need to consider whether it falls into bull run or bear run because we are in already in profit over the years.

Every investor has their own target for their investments, some people invest to hold for 5 to 10 years, you should not blame anyone if they fail to sell at any price, they might be discouraged from the market since that is not how they expect the market to operate at that period. Some people believe that when the price hit a new ATH few months ago, they assumed that was how the market would behave throughout the year, but no one can predict the bitcoin price.

You don't have to blame your friend when he fails to sell at any price, he had his own target, and if he sells at this price, I don't think he will be satisfied with the current market, but let him wait for the right time when he believes he can buy the car. Of course, Bitcoin is our money, when we need money, we should not panic to sell, we can touch it and sell.

You are right, everyone has their own goal ahead so we should not blame anyone if they did not sell their Bitcoin in a particular time frame they have something they are chasing and if they refuse to sell their Bitcoins just advise them a little bit and make them to understand that Bitcoin did not last as they expected it will be. Is good if person can spend their Bitcoin but most did it because they don’t have any thing to do with it while some invest them to earn bhig later in the future when they think is time for them to withdraw them and start their project they have been planning for a long time.

[Rgram]

Regrets no Dey come when you Dey spend am, na after you don spend am and you can see the market to rise or pump. Na that time way you go wish say, if you being just wait for some more time.

Spending your Bitcoin no be really and thing shah, besides, watin you Dey invest for if you no fit jolly small from your plenty resource and time. The matter be say, as you Dey chop kwa, make you Dey use your head to know say, this thing way you Dey chop na asset way get better potential as the history of the coin don show. Make you Dey carry small small Dey chop am because, to buy back na at a higher price o.