Post
Topic
Board Economics
Re: If you have a lot of bitcoin, should you spend it or save it?
by
Sled
on 13/10/2017, 14:45:32 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 don't like to spend my bitcoin because I really think that it's best to hold bitcoin because it  has a lot of potential. However, there are times that I need money, so I have no choice but to convert. Bitcoin is a good investment and I think you can earn a lot if you can save a lot of bitcoin.
There is nothing wrong if you are spending your bitcoin to the things that are necessary and not to the things that you just like the wants and other things that may damage your plan of saving bitcoin and also keeping your bitcoins for long term. Saving and spending are very different thing and for sure they have their own right time when you are going to do them.