Post
Topic
Board Economics
Re: Where do you spend your money from Bitcoin?
by
krigger
on 26/11/2017, 23:05:24 UTC
I didn't spend anything yet i just save it in order to buy expensive things. I am also planning to invest in altcoins so thats why i also save it. Everyone wants to get rich from bitcoins.

But if you spend your profit in a day you will not come far.

Right. Without proper management of many and used it to buy things that not really necessary, you could not meet your goal even how hard and how long you earn money. It is good decision to keep bitcoin and use for investment to gain more profit from it. Most of people run to collect bitcoin in order to earn to provide daily needs and keeping bitcoin is last thing to do when there is enough income that can support all what is needed.

Well, that's how it works when money is seemingly flowing. However, for most long-time and seasoned bitcoin users, they don't really "use" the money, instead they invest, trade or keep it. In that sense, they use it to make their money for them. It's a way to actually earn more by using your possessed assets as capital, which is good instead of just stockpiling it in some wallet without actual use for it.


Man you literally just said most people don't use their Bitcoin and in the next sentence you say most people either invest or trade it. You do realize that investing and trading BTC is using it, right?