Post
Topic
Board Bitcoin Discussion
Re: BTC is used all the time even if you hodl.
by
Latviand
on 20/12/2020, 08:12:00 UTC
Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

During this pandemic, there are people who are pushed to use bitcoin because of personal necessities to survive.

That's okay as long as you benefit it and it help you to sustain your need but next time you should allocate a proper budget for that because cryptocurrencies are good opportunities to a much more profit.

Bitcoin is never useless or wasted, it is only wasted if you lose it in gambling or you get scammed by other people. Trading altcoins is really much better, it has a lot of profit too, not only bitcoin. You should invest to other altcoins because if there's a variety of source of income then you can make your investment grow immediately.