Post
Topic
Board Economics
Re: Spending Bitcoins
by
Maslate
on 05/03/2017, 11:24:35 UTC
As of now, I don't do spending habits with my bitcoin because i am too busy in earning bitcoins and those earnings are just keep in my wallet for long term reasons. I only spend my bitcoin when i need to buy or pay something like my monthly bills which is very convenient for me because i don't need to go to the physical stores or places just to pay.
Good plan to hold bitcoins, instead of spending, you would rather save it. I wish I have that kind of discipline because most of earnings here just goes to gambling and sometimes even my salary in real life job, that's sick, right? Anyway, I hope one day I'll be more matured about investment, though I have put some but I still feel that I lack something very vital for success.
fluctuations in the price of bitcoin is quite significant at this time, so I guess is normal if we prefer to save rather than spend bitcoin. but sometimes I still have to use bitcoin I have for daily needs.
If you earn enough bitcoin that you have enough, and the preservation and for daily needs, it is very good. But, I would be a pity to waste bitcoin for me, knowing that I can get much more over time.
Exactly, we must have the discipline to save it, it's not fiat that depreciated its value overtime, it makes the opposite thing as overtime it become more valuable. It's alright to spend because we really need to but always remember to be on budget all the time, so as not to waste this once in a lifetime opportunity we have now. Bitcoin is the greatest invention so far and this will be the most dominant online currency in the future.