Post
Topic
Board Economics
Re: If you have a lot of bitcoin, should you spend it or save it?
by
n0ne
on 13/10/2017, 13:22:08 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!
I you dont need it now try to save it first wait until you need it. Maybe the price will go up until you want to withdraw it. But it also good to spend it early as you can, buy whatever you need in house and to yourself.
A lot of bitcoin means a lot of earnings in the future. It doesn’t mean that if someone has a lot of bitcoin he should sell or spend some of them if he does need to do that. I think spending and selling should make only in time of need and without need spending and selling will be a foolish thing. I will never do the same. All my bitcoin is for my extreme needs and for future big dreams for my family.
Bitcoin is uncertain as well is our life, so if one has a good number of bitcoin its good to spend on necessity and keep the rest as holding for a bigger and better profiting in the later days trusting in its growth. Such an attitude will help in the circulation of the bitcoin which also is a must for growth. When it comes to an user with small amounts, it's good to keep hold expecting a price increase to benefit and make his lifestyle better than before.