Post
Topic
Board Economics
Re: If you have a lot of bitcoin, should you spend it or save it?
by
ramsdaj28
on 09/10/2017, 02:24:43 UTC
Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
If you have some bitcoins, it doesn't mean that you'll always profit in the course of time, especially in investing in cryptocurrency. Do not expect that if you deposit or dump your money in your wallet, your money will grow without doing anything. The change in price also depends on the wallet that you are using, since each wallet supports different exchange sites, and each exchange site has different exchange rate for each cryptocurrency. You can either save your money if you have bigger plan in the future, or spend it if you badly need it now. But if you really want your money to grow (especially if you have more than 1 BTC), try investing in trading sites, and do the risk on your own.