Post
Topic
Board Economics
Re: If you have a lot of bitcoin, should you spend it or save it?
by
iv4n
on 27/09/2017, 04:49:38 UTC
If there is abundant btc available with me then for some of the btc I will sell it and lead a luxury lifestyle and fulfill some of those dreams. Few of them will convert to some altcoins and invest in good and upcoming ICO . Few will hold it as btc price is increasing and hold it till the crash starts.
Rest will sell as and when required to meet daily expenses and pay the monthly bills .

I agree with this way of thinking, with a lot of bitcoins the best thing we can do is to spent some and support bitcoin economy by using bitcoins in everyday needs, and to save some and have safe futility with some btc in the wallet sitting and waiting somr huge price rise.
Bitcoin economy is like any other, we need to use it if we wish it to grow. Also price didn't reach the top, no one knows where is the top maybe 100k or more dollars, and its smart to have 1 btc or if you can more bitcoins for that times. With a lot of bitcoins we can organize better, and in recommend spending and saving, little from both is always the best possible solution.