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Re: Do you actively spend your bitcoins?
by
Blitzboy
on 03/09/2016, 06:15:44 UTC
I hold most of my bitcoin. I think it's better to save bitcoin for future because I believe bitcoin price will rise up. But, I also spend some of it to buy mobile load, internet quota, and steam games.
well if you are going to hold your bitcoin that long then when do you have plan to invest it because you are wasting time to grow your bitcoin there's a lot of ways so that you can grow bitcoin even if it slow earning well if you are going to wait until the bitcoin price will rise up then thats going to take long .

Yeah holding bitcoins is safe but it will not give you higher profits in future but if you try to grow them then you can make good profits in future.
You are right that holding of bitcoin is very safe , i think there is maximum people store their money in bitcoin because bitcoin is very useful currency and its very safest than other currency .

Bitcoin is not safe at all, as we don't know how long it will be alive and what will be its price in future, it can also go below or even get replaced by any other crypto currency.

Replaced? By what? ETH? ETC? LISK? Those coins are not even near the value of bitcoin. If bitcoin fall then there will be a rope that is tied to those alts with it, making them fall also in the process.
You a point it can be affect almost all altcoin if bitcoin will be drop or goes down so better to support also bitcoin before you go in altcoin. because bitcoin is more priority to be more popular in the future..