Post
Topic
Board Bitcoin Discussion
Re: Do you spend your Bitcoin?
by
Falconer
on 05/11/2021, 09:39:23 UTC
I also do this because there's nothing wrong spending it especially if you really need to. Indeed. It reduces risk of losses and might give you good profit. But, Most of the time, hodl only! There's nothing wrong spending but it's better to choose wisely and spend it in a good way like purchasing for your daily needs.
Spending or holding bitcoin is a choice depending on the bitcoin owner himself. It doesn't matter if you are not a bitcoin holder as you may prefer to be active in trading rather than investing long term. I believe that bitcoin holders get a much greater return on their investment in bitcoin if they have been doing it for a long time, they take this risk simply because they know that bitcoin's potential is much better as a future investment asset. There is nothing to regret because between traders and investors just do different ways to profit from bitcoin.

Nevertheless I firmly believe that trading bitcoin, spending them, and holding them is something that supports this bitcoin to survive as a decentralized currency as well as an investment asset.