Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Mia Chloe on September 27, 2024, 11:08:55 PM
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Some one is probably thinking of quickly saying mining well think of mining as exchanging your electricity and maintenance bills for some bitcoins which from a point of view is like Hodling without actually buying.
Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
Bitcoin is the safest coin in terms of risk when compared to altcoins, that is a fact that we have observed so far. when bitcoin goes down and we should make a purchase so that when the price of bitcoin goes up we can make a profit. because bitcoin is relatively stable when compared to altcoins. that is according to my observations so far.
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Some one is probably thinking of quickly saying mining well think of mining as exchanging your electricity and maintenance bills for some bitcoins which from a point of view is like Hodling without actually buying.
Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
I usually buy BTC during uptrends and sell it at the early stages of downtrends. I rarely do the opposite because I have a stable income from my job and don't need to sell BTC hastily.
Paying with BTC is considered illegal in my country, so I can't buy anything with it. If I have a really important need, I'm willing to sell my BTC for fiat because BTC is not my ultimate goal. I accumulate BTC to be able to solve real-life problems for myself and my family, I don't hold BTC just to watch the balance in my account.
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Perhaps because everyone knows that the value of Bitcoin can increase, traders and people who are forced to sell due to paying bills or any other reason are often forced to sell. Otherwise, it is rare for hodlers to sell Bitcoin for less than $100,000 unless something very bad happens.
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I believe it's always going to be a dilemma with people who are HODLing because it could be enticing to sell what they have if the price of Bitcoin is high. There's always going to be an effect to the person if he/she consistently watches the price of it.
This is just the market working with some people selling and others buying it and having an agreed price upon. It's always going to be a skirmish with this.
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There are HODLerw but there are also traders, weak hands and you ever see low volume on the exchange or in coin marketcap site for Bitcoin?
Which means we never runs out of liquidity especially for Bitcoin and you know what if everyone refuse selling their stash which is when the price will shoot up to the moon so anything is good.
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
When they said market. You should know that buying and selling is impossible; there is no way trading will stop in the crypto market. People must buy and sell in the market, so at anytime buying and selling will take place, and we can’t do anything about it. So anytime hodlers wish to hodl Bitcoin, they will see it, but unless they don’t have money.
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
It’s funny, though. And it never happened to me before. Anytime I want to spend, I don’t touch my bitcoin because I believe I have already invested in it and planned it for a long time, so I don’t really touch my bitcoin. I use my extra money to buy what I want as a bitcoin investor. I don’t think it is a good idea to touch your investments when they are still yet to reach your target just because you want to buy something.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
It depends on what your goals are for trading, if to meet your needs it is not wrong and it is quite normal.
But you need to know and have to do management, how much you should hold on to for the long term, and which ones to use for quick trading as well as how much to use to meet your needs.
All things to think about, it's not just about spending bitcoin aimlessly, it's going to be a long-term investment with high returns, and you'll end up getting more out of it.
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Well of course I think most of us are skeptical when spending Bitcoins because of the fact that anytime prices may go up. But unfortunately, we need to spend it due to emergencies like we need money immediately and we do not have enough extra to be used for the specific purpose. Lucky to those who are holding their Bitcoins for pure investment and they can hold it for long but for me nah because I don't have stable job right now.
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Which means we never runs out of liquidity especially for Bitcoin and you know what if everyone refuse selling their stash which is when the price will shoot up to the moon so anything is good.
When everyone refuses to use his stash usage will plummet, casinos and shops won't accept Bitcoin anymore because there are no users, people will not be interested in trading anymore and after a surge, it will go back to the days when nobody used it at all!
If Lazlo hadn't spent his 10k coins on two pizzas we would still be at $10 per coin now!
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Yes, and sometimes, when using bitcoins, I get slightly skeptical, especially during the pumps. While bearish markets are the best time to HODL, not everyone does that, but you do not need a huge quantity to trade to let your profits ride – that is what this market just stays anchored on: constant buyers and sellers. If everyone held their coins, there would be no liquidity for buyers. Such represents an aspect of the threats of using digital currencies. Expenditure of bitcoins for instance acquiring sneakers is closely related to the process of trading the bitcoins for fiat. This transaction makes the market rather active. It’s important that both constant transactors and Holder's exist in abundance to keep the market in check. Nevertheless, the use of bitcoins slightly becomes tense during pump periods, mainly due to the concern of missing out on profits.
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Which means we never runs out of liquidity especially for Bitcoin and you know what if everyone refuse selling their stash which is when the price will shoot up to the moon so anything is good.
When everyone refuses to use his stash usage will plummet, casinos and shops won't accept Bitcoin anymore because there are no users, people will not be interested in trading anymore and after a surge, it will go back to the days when nobody used it at all!
If Lazlo hadn't spent his 10k coins on two pizzas we would still be at $10 per coin now!
But good thing he did and that makes history and even if he does not but there would be a time that other people might do but of course we cant be able to tell on what are the actions
to be made by someone whether this one could happen or not but its true that if that one didnt happen then we might be seeing Bitcoins price havent be able to reach up on where is it now.
Going back int the topic in speaking about being skeptical on making use or spend your Bitcoins then it would really be on someones personal approach.
Yes, its something that a thing that you could pay up online but due into its money making or profits that you could be able to make just on holding it, then its
not shocking that people would really be seeing this to be an investment that they shouldnt be wasting of.
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For someone who has a lot I think they would hold their coins for awhile hoping to gain when the price shoot to the moon. Me who only have fraction of BTC it will greatly amplify my profit if the growth is just 3k after a week.
But turning it to USDT is the best option. Prevent loss while pump is just a pump. So far it helped me accumulate.
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Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Well, although holding is one of the most worthwhile things to do and is recommended especially for certain coins, it does not mean that everyone will definitely hold Bitcoin. because there are still many active traders who make it even more dynamic, then there are short-term holders whose targets are not high, but to get profit and then set at a certain price again. While for long-term holders usually also have certain targets and strategies to be able to optimize their plans in the crypto space.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
What is clear is that I personally will not be able to make direct transactions using our Bitcoin, because it is illegal in my country hehe. However, if I convert it first to fiat and use it for some purposes, hmm, sometimes I quite regret why I had to sell at that number. But on the other hand, I have no other choice and the best way is to sell only a few amounts, not all-in-one. As long as it is a reasonable and justified expense and urgent, but if I just want to buy something and it is not too important, of course I will regret it.
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Some one is probably thinking of quickly saying mining well think of mining as exchanging your electricity and maintenance bills for some bitcoins which from a point of view is like Hodling without actually buying.
Not always most of supply is in the hold, most of the times traders make some limit trades and their high liquid supply is available for the buyers in the market so there's no issue until a certain period of time, on top of that when supply goes frozen state like long term holding exchanges manipulate the prices to a higher range to use their own holdings as liquidity for those who want to buy in FOMO.
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What is clear is that I personally will not be able to make direct transactions using our Bitcoin, because it is illegal in my country hehe. However, if I convert it first to fiat and use it for some purposes, hmm, sometimes I quite regret why I had to sell at that number. But on the other hand, I have no other choice and the best way is to sell only a few amounts, not all-in-one. As long as it is a reasonable and justified expense and urgent, but if I just want to buy something and it is not too important, of course I will regret it.
Sometimes the regions we stay have a direct effect on what kind of decisions we make especially when it comes to things like bitcoin and crypto currency spending. Most likely just like you said too , it's more difficult for people to transact conveniently in regions where the government are against or aren't in support of crypto. Unlike regions where the government fully welcomes crypto and crypto transactions.
Similarly there is a higher chance of finding people that really don't fancy crypto and bitcoin transactions in areas or regions where they are banned. Selling isn't like a regret though it can be a little saddening to see a nice pump after you spent some coins. Anyways it isn't much of a big deal though especially as you transact more.
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I hesitated every time I had to sell BTC to purchase or pay something because I understand that I could be missing out on the future profit. It's a bit tough but there are times when you have to do what you got to do. It is what it is.
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No because Bitcoin is intended to be used as P2P cash, so of course people should be spending it to buy stuff. It is not some kind of investment property like real estate or stocks or bonds or gold that you cannot use.
I hesitated every time I had to sell BTC to purchase or pay something because I understand that I could be missing out on the future profit. It's a bit tough but there are times when you have to do what you got to do. It is what it is.
You only miss out on a small amount of profit unless you are buying some expensive item such as a car or a house or something else worth a lot of money.
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What is clear is that I personally will not be able to make direct transactions using our Bitcoin, because it is illegal in my country hehe. However, if I convert it first to fiat and use it for some purposes, hmm, sometimes I quite regret why I had to sell at that number. But on the other hand, I have no other choice and the best way is to sell only a few amounts, not all-in-one. As long as it is a reasonable and justified expense and urgent, but if I just want to buy something and it is not too important, of course I will regret it.
Sometimes the regions we stay have a direct effect on what kind of decisions we make especially when it comes to things like bitcoin and crypto currency spending. Most likely just like you said too , it's more difficult for people to transact conveniently in regions where the government are against or aren't in support of crypto. Unlike regions where the government fully welcomes crypto and crypto transactions.
Similarly there is a higher chance of finding people that really don't fancy crypto and bitcoin transactions in areas or regions where they are banned. Selling isn't like a regret though it can be a little saddening to see a nice pump after you spent some coins. Anyways it isn't much of a big deal though especially as you transact more.
If we are in a country that prohibits crypto, especially Bitcoin, we should be careful in making transactions and talking to other people for fear that it will have bad consequences for us, such as being reported to the government or authorized agencies.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Of course, sometime it will just crossed you mind, whether to spend it or not because your crypto mind pump in the next coming months or years. But if you treat your crypto as a sound money, maybe you can still be a skeptics, but that's how it should be like money.
Because if you constantly think of that, or have a mindset like that, then just be a long term holder or not be in crypto after all. You can have this analogy as well when you travel to abroad and keep on thinking of what will be the exchange rate of your local fiat to the currency of the country that you are in. If you keep on converting then you will not enjoy your stay in our countries, just saying.
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
Bitcoin is the safest coin in terms of risk when compared to altcoins, that is a fact that we have observed so far. when bitcoin goes down and we should make a purchase so that when the price of bitcoin goes up we can make a profit. because bitcoin is relatively stable when compared to altcoins. that is according to my observations so far.
Maybe my language is a little different from what you said, but our meaning is the same. Bitcoin can experience a very deep decline, but in a certain period bitcoin will rise again and will reach ATH again.
This is what we can see from the movement of bitcoin for years. This has been my main investment and as an alternative I invest in altcoins that are not as large as bitcoin.
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I hesitated every time I had to sell BTC to purchase or pay something because I understand that I could be missing out on the future profit. It's a bit tough but there are times when you have to do what you got to do. It is what it is.
I’ve often found myself in a similar situation, particularly when allocating BTC to acquire various ALTS only to witness a subsequent surge in BTC value while ALTS experience a significant downturn. Despite the regret associated with such misjudgments, it's imperative to accept market realities.
A comparable experience arose when I DCA both BTC and ALTS following the halving event, anticipating substantial gains from ALTS. However, this expectation has yet to materialize due to the ongoing Bitseason. To alleviate these feelings, it's crucial to acknowledge that financial markets are inherently designed to induce stress, regret, and self-doubt. As long as these markets persist, opportunities for profitability will endure. It's simply a matter of executing necessary actions at opportune moments, including the sale of BTC.
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
Bitcoin is the safest coin in terms of risk when compared to altcoins, that is a fact that we have observed so far. when bitcoin goes down and we should make a purchase so that when the price of bitcoin goes up we can make a profit. because bitcoin is relatively stable when compared to altcoins. that is according to my observations so far.
Maybe my language is a little different from what you said, but our meaning is the same. Bitcoin can experience a very deep decline, but in a certain period bitcoin will rise again and will reach ATH again.
This is what we can see from the movement of bitcoin for years. This has been my main investment and as an alternative I invest in altcoins that are not as large as bitcoin.
I am also agree with your comment for your better discussion. I also like for holding bitcoin. Because we know that bitcoin is one of the best valuable crypto in cryptocurrency market. We also know that many general people were comes from bitcoin for earn huge profit from bitcoin. So i believe that bitcoin will be future assets in cryptocurrency market. But sometimes we saw the bitcoin price were down, then we will be skeptical for bitcoin. But in next we saw that gradually bitcoin price will increase. So i am not skeptical for this situation.
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In my case it's different. I feel skeptical about investing in any other cryptocurrency or alternative coin except Bitcoin.
Even then I have some of investment on altcoin but I always skeptical about it. But bitcoin is different here because of its facts like the fully decentralized eco system no central control here, full privacy, no paid developers all are voluntary and have good prices and have more better future.
But yeas I have in fear in my that it is an virtual asset And I'm afraid if I ever get phished about this.
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No because Bitcoin is intended to be used as P2P cash, so of course people should be spending it to buy stuff. It is not some kind of investment property like real estate or stocks or bonds or gold that you cannot use.
Exactly this. I use Bitcoin and some other cryptocurrencies almost every day, paying for some services, subscriptions, etc... If I only need fiat, then cash out Bitcoin, without worrying about what the price will be in a year.
If I trembled every time I spent Bitcoin, I would have had several heart attacks by now.
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Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
well i do not like to think of it like that bitcoin as much as an investment is still a currency and currency is used to purchase products or services so basically you are exchanging your coins for a product or a service the way you would exchange fiat for a product or a service
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
we can compare this to fiat currencies some people are a bit hesitant to purchase something in usd if it is more expensive than their local fiat i guess we can apply this on bitcoin as well the difference is you really do not hold fiat as much as you would bitcoin
at the same time i think this depends on how much coins you have and what are your plans i am pretty sure that someone with many bitcoin will not be as concerned or worried when spending it meanwhile someone with not even 1 btc will be very hesitant to spend it on things that are not really as necessary
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
It depends on what your goals are for trading, if to meet your needs it is not wrong and it is quite normal.
But you need to know and have to do management, how much you should hold on to for the long term, and which ones to use for quick trading as well as how much to use to meet your needs.
All things to think about, it's not just about spending bitcoin aimlessly, it's going to be a long-term investment with high returns, and you'll end up getting more out of it.
That's right. It depends on each person's principles. Most investors want the highest price so they hold onto their coins for quite a long time. But some investors choose short-term investments, by only taking a small profit to use for their daily needs. If only people could be a little patient, and hold the coins for a long time and sell them when they are in a bull run, of course he will get more profit than just meeting his basic needs and lifestyle
but it is better for us to save some of the coins for long term investment and spend some of it for personal needs We
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We can agree that not everyone can easily find merchants in real life that are ready to accept BTC as payment, but people who are lucky to have such actually do spend a little amount of BTC in those stores. There are also a lot of online services that accept BTC, and people utilize those payment options, i wouldn't spend a large amount of BTC, but i don't mind spending a few dollars worth, the feeling is worth it.
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We can agree that not everyone can easily find merchants in real life that are ready to accept BTC as payment, but people who are lucky to have such actually do spend a little amount of BTC in those stores. There are also a lot of online services that accept BTC, and people utilize those payment options, i wouldn't spend a large amount of BTC, but i don't mind spending a few dollars worth, the feeling is worth it.
BTC cannot be used for transactions in my country, but it has been allowed by the government for investment. It is indeed not easy to transcend with BTC in a country that has not legalized Bitcoin as a payment method, but I am grateful for being allowed to invest in Bitcoin. Trading on your bus Exchnate, Dude. both global ehange and local exchange.
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So the idea is that even if we are always promoting people to buy at dip and HODL on for the long-term, we need some to really sell all because buyers would not be able to buy if there will be no sellers. Actually, we don't have to worry on this dynamic as the market of Bitcoin and crypto for that matter is now huge and even expanding everyday...and there are multitude of crypto exchanges that can do business with anyone as long as one is not billions and billions worth of BTC (though this can still be filled by OTC). When someone is spending his BTC, there is no need to feel skeptical as it is his money to spend in the first place...there is no need for that as we are still living in an open market where anyone can sell and buy anytime.
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Bitcoin holders will not think the way you do, Bitcoin holders will not be satisfied with spending their precious Bitcoin for a pair of sneakers or a piece of cheap hamburger, they invest Bitcoin for the long term to sell with high goals.
Initially, when Satoshi created Bitcoin and it was very cheap and not yet widespread, the goal of the Bitcoin community was to spread Bitcoin as a means of daily payment for small necessities, but after the price of Bitcoin rose and took off to unprecedented record levels, I expect that it will be very difficult for anyone to think about spending Bitcoin to buy daily necessities.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
It depends on what your goals are for trading, if to meet your needs it is not wrong and it is quite normal.
But you need to know and have to do management, how much you should hold on to for the long term, and which ones to use for quick trading as well as how much to use to meet your needs.
All things to think about, it's not just about spending bitcoin aimlessly, it's going to be a long-term investment with high returns, and you'll end up getting more out of it.
I agree with you. Because most investors feel that saving large amounts for a long time will make them more for the future. Meanwhile, they suffer in meeting their daily needs. So at least if you have some coins, it would be good if you invest some of it and some of it to meet your daily needs. Don't let it be because you only want uncertain profits that you put your daily needs at stake.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
It depends on what your goals are for trading, if to meet your needs it is not wrong and it is quite normal.
But you need to know and have to do management, how much you should hold on to for the long term, and which ones to use for quick trading as well as how much to use to meet your needs.
All things to think about, it's not just about spending bitcoin aimlessly, it's going to be a long-term investment with high returns, and you'll end up getting more out of it.
I agree with you. Because most investors feel that saving large amounts for a long time will make them more for the future. Meanwhile, they suffer in meeting their daily needs. So at least if you have some coins, it would be good if you invest some of it and some of it to meet your daily needs. Don't let it be because you only want uncertain profits that you put your daily needs at stake.
Exactly, Bitcoin users tend to keep it as an expectant investment with view to have the digital asset appreciated higher in future than to be used as a form of payment. Because Bitcoin is so unpredictable in terms of price and has great potential for becoming a long-term store of value, many people believe that it would be unwise to spend Bitcoin on things like shoes or food. Originally Bitcoin was designed by Satoshi Nakamoto as a payment system for daily purchases, however today everything looks differently in the markets. Today people view Bitcoin as an investment tool as they buy Bitcoins with the intention of enjoying high returns in the distant future, even during the bull run cycle. This makes Bitcoin less used as a daily payment method than as a store of value.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Well, I have grown past the point when I usually or used to be skeptical when ever I had to sell off any amount in my bitcoin or Altcoin holding to sort out a pressing issue or acquire something my heart desires.
But then, those days are long gone, I perfectly understand that it's extremely important to invest, because it's only through good investments that we have a good future to look forward to, since In the future, it's possible for the investments we make today to become our main source of income then.
And this is why I have learnt to divide my crypto holdings into two, one is my investment and the other is for expenditures, I keep money for my expenses in crypto just incase there is a rise, I did make some profit regardless of how small.
Anytime I withdraw money from this account, be it bitcoin, or any other Altcoin, I don't regret it a bit because that is the purpose I kept the bitcoin on the account I withdrew it from.
But then, I try as much as possible never to temper with the funds I've invested for future gains, whatever happens that I have to make an emergency withdrawal from my investment account to sell, it's always painful and regretful, and I always try my best to see if I can replace it after the reason for the withdrawal is sorted.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Well, I have grown past the point when I usually or used to be skeptical when ever I had to sell off any amount in my bitcoin or Altcoin holding to sort out a pressing issue or acquire something my heart desires.
But then, those days are long gone, I perfectly understand that it's extremely important to invest, because it's only through good investments that we have a good future to look forward to, since In the future, it's possible for the investments we make today to become our main source of income then.
And this is why I have learnt to divide my crypto holdings into two, one is my investment and the other is for expenditures, I keep money for my expenses in crypto just incase there is a rise, I did make some profit regardless of how small.
Anytime I withdraw money from this account, be it bitcoin, or any other Altcoin, I don't regret it a bit because that is the purpose I kept the bitcoin on the account I withdrew it from.
But then, I try as much as possible never to temper with the funds I've invested for future gains, whatever happens that I have to make an emergency withdrawal from my investment account to sell, it's always painful and regretful, and I always try my best to see if I can replace it after the reason for the withdrawal is sorted.
Well, one thing is to preserve the idea of having two aset of cryptos, one will be for investment and another one for expenses. It assists you to maintain a versatility in the ability to meet various needs that come across in the future without compromising on investment projects that are considered important in the future. Storing some money for costs in crypto is also good to do, because then you get extra earnings if the market increases. But when we need to take out cash for emergencies on the main investment account, I can only fathom how hard the process must be. This is how our lives are when trying to make a financial plan, there must be needs that we never thought of before.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Well, I have grown past the point when I usually or used to be skeptical when ever I had to sell off any amount in my bitcoin or Altcoin holding to sort out a pressing issue or acquire something my heart desires.
But then, those days are long gone, I perfectly understand that it's extremely important to invest, because it's only through good investments that we have a good future to look forward to, since In the future, it's possible for the investments we make today to become our main source of income then.
And this is why I have learnt to divide my crypto holdings into two, one is my investment and the other is for expenditures, I keep money for my expenses in crypto just incase there is a rise, I did make some profit regardless of how small.
Anytime I withdraw money from this account, be it bitcoin, or any other Altcoin, I don't regret it a bit because that is the purpose I kept the bitcoin on the account I withdrew it from.
But then, I try as much as possible never to temper with the funds I've invested for future gains, whatever happens that I have to make an emergency withdrawal from my investment account to sell, it's always painful and regretful, and I always try my best to see if I can replace it after the reason for the withdrawal is sorted.
In my opinion, we should invest in crypto with free funds because if it is used for savings for needs, when the price drops and we need the money we will experience a loss if we have to sell when the price drops. Unless we have large capital and USD reserves that we can use at any time.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
I only spend my coins out of necessity There are instances where I only have Bitcoin to spend but if there are other options I will not use my Bitcoin to purchase, I experienced one time that after using Bitcoin to purchase something, there's a big pump and I could have made 4% profit from my spent Bitcoin, Using Bitcoin for purchase is my last option after I exhaust all means.
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Of course Bitcoin is an option for investors, even though the price is expensive, investing in BTC will promise more profits if we hold it for a long time.
And Bitcoin has won the hearts of the public with its popularity and the consistency of its market price compared to other coins
Even though BTC experiences a downward trend at some times, people are optimistic that at other times BTC will rise again with higher prices and according to their expectations.
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Of course Bitcoin is an option for investors, even though the price is expensive, investing in BTC will promise more profits if we hold it for a long time.
And Bitcoin has won the hearts of the public with its popularity and the consistency of its market price compared to other coins
Even though BTC experiences a downward trend at some times, people are optimistic that at other times BTC will rise again with higher prices and according to their expectations.
History has proven that bitcoin will always touch a new ATH after experiencing a 4-year cycle, this is what makes investors remain confident that the price of bitcoin will rise a year after the bitcoin halving, it is estimated that next year we will see the price of bitcoin reaching a high ATH.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
If am spending my Bitcoin, there is a reason why I'm spending it and it's because I know that I need it. I don't think twice before I sell because a need solution is money and that is what Bitcoin is all about and since I know there will be means to make up with the one I sold, I don't bother, when I have the money to buy back, I do.
I'm not too worry about Bitcoin going from here, even if the price go to $100k, I'm not sure we can have 100% from this place but it can pave way for the whole market to make a run for their money, we have be en stuck here for a while now and it's time to make some move, enough of this 50-60k game play of whales.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
If am spending my Bitcoin, there is a reason why I'm spending it and it's because I know that I need it. I don't think twice before I sell because a need solution is money and that is what Bitcoin is all about and since I know there will be means to make up with the one I sold, I don't bother, when I have the money to buy back, I do.
I'm not too worry about Bitcoin going from here, even if the price go to $100k, I'm not sure we can have 100% from this place but it can pave way for the whole market to make a run for their money, we have be en stuck here for a while now and it's time to make some move, enough of this 50-60k game play of whales.
life needs remain a priority, and if we sell bitcoin before the price we plan is reached but there are needs that we must fulfill, we should not regret it, because needs are more important. And investment is using and free that we can invest. In investing in crypto, we must understand the risks because when there is a need, we will be forced to use our crypto assets to meet those needs.
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life needs remain a priority, and if we sell bitcoin before the price we plan is reached but there are needs that we must fulfill, we should not regret it, because needs are more important. And investment is using and free that we can invest. In investing in crypto, we must understand the risks because when there is a need, we will be forced to use our crypto assets to meet those needs.
Well, facing an option where emergency life necessities have to be met, proper management of an invested cryptocurrencies portfolio should be done. One approach is to split up assets into a few parts: those that should be liquidated on impulse, and those that should remain for the entire time. In this manner, you can still get what you want without going through the entire process of needing to cut out all your expenditures and feeling like you’re choosing between life needs and possible future earnings. Moreover, people at times can also involve other savings apart from these cryptocurrencies as another technique of not stressing in case of emergent needs.
But in investing in crypto we also have to be disciplined, and be very careful too. Retracting that experiencing market fluctuations makes us have to make different decisions from the planned strategies is part of any wise investment. Hence, it is stated that the investment should be critiqued regularly and be adjusted in accordance to the life needs and market movement. This will afford flexibility apart from lowering or sacrificing your long-term objectives; it will also ensure a harmonious balance between everyday cash flow and investments.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
We all have stomachs to fill and if we have no other source of income and we are only using the money we are making in BTC to fill our stomachs then we should not think for another second about the pump in the market. Sometimes I have enough fiat so then I wait for the time when the price of BTC is higher like now the price is high so I will convert the BTC into fiat now.
While converting I get skeptical but if we don't have any other source then what does it matter we can't risk it. We should not be skeptical about the BTC that we have to spend and have no other way around it.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
We all have stomachs to fill and if we have no other source of income and we are only using the money we are making in BTC to fill our stomachs then we should not think for another second about the pump in the market. Sometimes I have enough fiat so then I wait for the time when the price of BTC is higher like now the price is high so I will convert the BTC into fiat now.
While converting I get skeptical but if we don't have any other source then what does it matter we can't risk it. We should not be skeptical about the BTC that we have to spend and have no other way around it.
As a crypto investor, we should have another source of income so that we can still use free money to invest and we can still meet our living needs. because if we don't have another income, the crypto assets we hold will be disturbed when we need money to meet our living needs.
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life needs remain a priority, and if we sell bitcoin before the price we plan is reached but there are needs that we must fulfill, we should not regret it, because needs are more important. And investment is using and free that we can invest. In investing in crypto, we must understand the risks because when there is a need, we will be forced to use our crypto assets to meet those needs.
Totally agree with this. Sometimes we feel a bit regretful after selling our Bitcoin and the price keeps going up. But why regret? If with that. we actually do something better in real life, right? Because sometimes our conditions do not always go according to our expectations, sometimes there are some things that are very urgent and emergency so that we have to sell Bitcoin for that, because there is really no other way than with our assets. Rather than just keeping quiet and doing nothing for our family or ourselves, right? So, as long as it is indeed for life needs or something important and urgent, it is very reasonable to do and there is no need to regret.
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It's always a shame to spend my Bitcoins because I always feel like they have huge growth potential. And even now when Bitcoin is at a local high, I don't want to spend it on necessities.
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It's always a shame to spend my Bitcoins because I always feel like they have huge growth potential. And even now when Bitcoin is at a local high, I don't want to spend it on necessities.
If we are afraid to use Bitcoin because of its future growth, we can try another approach to managing the assets of the company. For instance, there is fiat currency, other more stable digital currencies to meet people’s daily use and Bitcoin is to serve as people’s savings or long-term investment. We can also think about maintaining the services that will enable to use Bitcoin without selling it: lending Bitcoin, receiving the interest; investing the Bitcoin into a safe and sound money instrument. Thus, it is possible to preserve the idea of BTC as an investment along with a focus on the necessities that can be provided without losing potentially valuable assets at the moment.
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As a crypto investor, we should have another source of income so that we can still use free money to invest and we can still meet our living needs. because if we don't have another income, the crypto assets we hold will be disturbed when we need money to meet our living needs.
That's how we should live but I am working on another source of income and soon I will have one but giving time to multiple source of income is not easy. Giving time to crypto, to trading, to investments to airdrops and giving time to something else like business etc.
Although its hard but the best way to stay rich via crypto is to have another source of income or we must have people in our home making money and they are managing the life expenses and you will be saving more money and then can invest more to get more profit.
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As a crypto investor, we should have another source of income so that we can still use free money to invest and we can still meet our living needs. because if we don't have another income, the crypto assets we hold will be disturbed when we need money to meet our living needs.
That's how we should live but I am working on another source of income and soon I will have one but giving time to multiple source of income is not easy. Giving time to crypto, to trading, to investments to airdrops and giving time to something else like business etc.
Although its hard but the best way to stay rich via crypto is to have another source of income or we must have people in our home making money and they are managing the life expenses and you will be saving more money and then can invest more to get more profit.
Yes, we must have other income and not only in crypto because we know how difficult it is to invest in crypto to make a profit if the market is in bad condition while we need money to meet our living needs and our families. That's why I consider crypto as a side job and I have been doing it for more than 7 years. My family is fine and not lacking because I have a fixed income every month.
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Yes, we must have other income and not only in crypto because we know how difficult it is to invest in crypto to make a profit if the market is in bad condition while we need money to meet our living needs and our families. That's why I consider crypto as a side job and I have been doing it for more than 7 years. My family is fine and not lacking because I have a fixed income every month.
Glad to hear that and being in crypto for 7 years is a long time congratulations on that you must have a lot of experience in crypto and investments and we should take crypto as a side source of income not the first but the reality in my country is a little different because most of the people want to make online money and they find crypto the best way.
They either start trading if they have enough sources the other ones join airdrops and the money they make is used for trading and other earning ways from crypto.
We must find a good source of income first but if we are already in crypto then it should not be go like leaving crypto and finding the source then coming back to crypto :D :o
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life needs remain a priority, and if we sell bitcoin before the price we plan is reached but there are needs that we must fulfill, we should not regret it, because needs are more important. And investment is using and free that we can invest. In investing in crypto, we must understand the risks because when there is a need, we will be forced to use our crypto assets to meet those needs.
Totally agree with this. Sometimes we feel a bit regretful after selling our Bitcoin and the price keeps going up. But why regret? If with that. we actually do something better in real life, right? Because sometimes our conditions do not always go according to our expectations, sometimes there are some things that are very urgent and emergency so that we have to sell Bitcoin for that, because there is really no other way than with our assets. Rather than just keeping quiet and doing nothing for our family or ourselves, right? So, as long as it is indeed for life needs or something important and urgent, it is very reasonable to do and there is no need to regret.
there is no point in regretting the decisions we have made, because we can learn from them. Sometimes I also make the same mistake, by selling bitcoin then the price goes up, but almost everyone has experienced that. so maybe our analysis and predictions are not right because we can't sell at the top, we train our analysis and prediction skills again so we can sell at the highest point.
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I think it's inevitable not to think that way. If we think coldly about the history of Bitcoin, we know that the growth it has achieved in a relatively short space of time makes us realize that we are stupidly "wasting" our coins, even if our daily lives or our investments tell us otherwise. But I think it is inevitable to think about it when we ask ourselves certain questions. If I hadn't spent those Bitcoins 10 years ago, how many dollars could I have now?. And although we are talking about Bitcoin, it could be extrapolated to other coins and tokens.
Who hasn't asked themselves that question at some point...
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I think it's inevitable not to think that way. If we think coldly about the history of Bitcoin, we know that the growth it has achieved in a relatively short space of time makes us realize that we are stupidly "wasting" our coins, even if our daily lives or our investments tell us otherwise.
it’s especially crazy when you remember that bitcoins were used to pay for a pizza before this comparison to what you can buy now with 1 bitcoin is really different and shows how much things have changed how many pizzas can you now buy with 1 btc it would probably be enough to feed a village
Who hasn't asked themselves that question at some point...
we all had but honestly there’s no point in dwelling on the past anymore just focus on how will you earn more bitcoins and think of a way to preserve it
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I think it's inevitable not to think that way. If we think coldly about the history of Bitcoin, we know that the growth it has achieved in a relatively short space of time makes us realize that we are stupidly "wasting" our coins, even if our daily lives or our investments tell us otherwise. But I think it is inevitable to think about it when we ask ourselves certain questions. If I hadn't spent those Bitcoins 10 years ago, how many dollars could I have now?. And although we are talking about Bitcoin, it could be extrapolated to other coins and tokens.
Who hasn't asked themselves that question at some point...
Bai those who have known bitcoin 10 years ago and wasted it and did not take part in investing or mining at that time will have regrets, why not do it? but that's life sometimes we have doubts and that's something natural. I also heard of bitcoin at that time and got it from the faucet but when it was a little valuable I quickly sold it, maybe if we held it we would have gotten a lot of money now like you said. but we should focus and forget our bitter experiences at that time.
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For someone who has a lot I think they would hold their coins for awhile hoping to gain when the price shoot to the moon. Me who only have fraction of BTC it will greatly amplify my profit if the growth is just 3k after a week.
But turning it to USDT is the best option. Prevent loss while pump is just a pump. So far it helped me accumulate.
Your concept is generally practised basically among investors.Most people often invest in bitcoin for the sole purpose of profot maximisation.i think this is very common since everyone needs money.
I myself prefer to hold and sell basically,since i think its more profitable holding btc to sell at a higher price.I mean,isnt that one of the sole purpose of bitcoin?
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Perhaps because everyone knows that the value of Bitcoin can increase, traders and people who are forced to sell due to paying bills or any other reason are often forced to sell. Otherwise, it is rare for hodlers to sell Bitcoin for less than $100,000 unless something very bad happens.
People who are forced to sell their Bitcoin are people who mostly don't have a side hustle that pays them well, and they decide to sell their Bitcoin at any reasonable price they find it to be, so that they can sort out their financial bills as it has arise.
Someone who has a good paying job wouldn't be forced to sell their Bitcoin when they know that hodling Bitcoin for the long term would give them huge profits
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People who are forced to sell their Bitcoin are people who mostly don't have a side hustle that pays them well, and they decide to sell their Bitcoin at any reasonable price they find it to be, so that they can sort out their financial bills as it has arise.
Someone who has a good paying job wouldn't be forced to sell their Bitcoin when they know that hodling Bitcoin for the long term would give them huge profits
Correct. The need for cash can sometimes force us to sell. But I don't think that reason is just when people have low paying jobs or jobs where they make little money. It can also occur in cases of bad investments in other currencies and tokens other than Bitcoin, and due to losses it is necessary to use Bitcoin to maintain the previous level. This reminds me of a phrase I heard many years ago (it had nothing to do with Bitcoin) that said: To make money, you need money. Something that is totally true.
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People who are forced to sell their Bitcoin are people who mostly don't have a side hustle that pays them well, and they decide to sell their Bitcoin at any reasonable price they find it to be, so that they can sort out their financial bills as it has arise.
Someone who has a good paying job wouldn't be forced to sell their Bitcoin when they know that hodling Bitcoin for the long term would give them huge profits
Correct. The need for cash can sometimes force us to sell. But I don't think that reason is just when people have low paying jobs or jobs where they make little money. It can also occur in cases of bad investments in other currencies and tokens other than Bitcoin, and due to losses it is necessary to use Bitcoin to maintain the previous level. This reminds me of a phrase I heard many years ago (it had nothing to do with Bitcoin) that said: To make money, you need money. Something that is totally true.
Of course, sometimes the requirements to liquidity compel us to sell, for example, Bitcoin; even if the primary purpose is not always in limited income. At other times, its sales are compelled to bear costs of lower-margin holdings in other currencies or tokens. This underscores the fact that such assets as Bitcoin serve to retain diversification in portfolios when there is distress. The idea that, ‘money breeds money,’ holds more ground in the sense that capital is sometimes the key to either the sustenance or expansion of any venture.
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It's always a shame to spend my Bitcoins because I always feel like they have huge growth potential. And even now when Bitcoin is at a local high, I don't want to spend it on necessities.
For retailers who only have a small Bitcoin, they always face obstacles to hold the Bitcoin they had, when there is an urgent need, it is very possible to sell so that they lose the opportunity to get profit when Bitcoin reaches its highest price, but when you have to spend it on something important, there should be no regrets except spending Bitcoin on something unimportant.
That's why it's important to invest in Bitcoin when we already have reserve funds, not to force ourselves to buy which we might sell at a loss.
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It's always a shame to spend my Bitcoins because I always feel like they have huge growth potential. And even now when Bitcoin is at a local high, I don't want to spend it on necessities.
For retailers who only have a small Bitcoin, they always face obstacles to hold the Bitcoin they had, when there is an urgent need, it is very possible to sell so that they lose the opportunity to get profit when Bitcoin reaches its highest price, but when you have to spend it on something important, there should be no regrets except spending Bitcoin on something unimportant.
That's why it's important to invest in Bitcoin when we already have reserve funds, not to force ourselves to buy which we might sell at a loss.
We understand that for small Bitcoin holders the issue is not how to acquire but how to maintain the asset, especially when there are important needs to be met. To sell for essentials is normal and nothing to be scorned for, if not selling for items of little worth. In this way, we will be able to maintain Bitcoin without focusing on additional capital and this is where having a reserve fund will help us.
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Its just occurring to me now that i also have a similar feeling s that when am selling my bitcoin in exchange for fiat, i sometimes feels reluctant to let go of this asset in bitcoin, because i know that holding it alone is a very lucrative idea on me for profitability, but when i also remember on how i can be privilege of holding more by buying, then it relieves my temper and got me calm down, that there is still hope.
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Its just occurring to me now that i also have a similar feeling s that when am selling my bitcoin in exchange for fiat, i sometimes feels reluctant to let go of this asset in bitcoin, because i know that holding it alone is a very lucrative idea on me for profitability, but when i also remember on how i can be privilege of holding more by buying, then it relieves my temper and got me calm down, that there is still hope.
Bitcoin is a potential asset and the longer it will be more expensive, that's what makes us reluctant to sell the bitcoins we have. I also have a similar thought I sold bitcoin, but when we need it we also have to do that. We can buy bitcoin again when we have funds, so that opportunity will always be there.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
I have never bought goods with Bitcoin because of more transactions in goods with Fiat, Bitcoin for me is very valuable and I will not sell my bitcoin for things that I consider not important. Because for me Crypto assets are the most important for my future.
Unless I was forced to sell Bitcoin for an important and urgent need, I would do it.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
I have never bought goods with Bitcoin because of more transactions in goods with Fiat, Bitcoin for me is very valuable and I will not sell my bitcoin for things that I consider not important. Because for me Crypto assets are the most important for my future.
Unless I was forced to sell Bitcoin for an important and urgent need, I would do it.
It is really just that a waste of your precious coins if you are really that making use of it on something that you can buy with Fiat, somehow its not really that bad on making up such step or action for the sake of testing out its utility then its not really that bad on doing it once or twice but making it regular spending then it would really be just that a waste of coins.
Its not really that good on spending up your bitcoins actively, you do know that it would be having that potential on making it big when bull run hits then this is where you could
potentially make money.
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Yes I spend my bitcoins smartly. I am skeptical when it comes to spending on bitcoins.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
I have never bought goods with Bitcoin because of more transactions in goods with Fiat, Bitcoin for me is very valuable and I will not sell my bitcoin for things that I consider not important. Because for me Crypto assets are the most important for my future.
Unless I was forced to sell Bitcoin for an important and urgent need, I would do it.
It is really just that a waste of your precious coins if you are really that making use of it on something that you can buy with Fiat, somehow its not really that bad on making up such step or action for the sake of testing out its utility then its not really that bad on doing it once or twice but making it regular spending then it would really be just that a waste of coins.
Its not really that good on spending up your bitcoins actively, you do know that it would be having that potential on making it big when bull run hits then this is where you could
potentially make money.
Btcoin is a very valuable crypto asset and don't waste it by selling your bitcoin because bitcoin will be more expensive in the future and will be more popular, it's better to save with our bitcoin and hold it long term.
I never sell my bitcoin to meet my living needs because I always provide a cash reserve for that, not because I am rich but I have to do good financial management.
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Btcoin is a very valuable crypto asset and don't waste it by selling your bitcoin because bitcoin will be more expensive in the future and will be more popular, it's better to save with our bitcoin and hold it long term.
I never sell my bitcoin to meet my living needs because I always provide a cash reserve for that, not because I am rich but I have to do good financial management.
This is what my problem is with Bitcoin investment because anytime I am gonna get some to fulfill me and my family's living needs. If only I had stable job and source of income I might have some Bitcoins in my bags right now but unfortunately it's going out every now and then.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
I have never bought goods with Bitcoin because of more transactions in goods with Fiat, Bitcoin for me is very valuable and I will not sell my bitcoin for things that I consider not important. Because for me Crypto assets are the most important for my future.
Unless I was forced to sell Bitcoin for an important and urgent need, I would do it.
It is really just that a waste of your precious coins if you are really that making use of it on something that you can buy with Fiat, somehow its not really that bad on making up such step or action for the sake of testing out its utility then its not really that bad on doing it once or twice but making it regular spending then it would really be just that a waste of coins.
Its not really that good on spending up your bitcoins actively, you do know that it would be having that potential on making it big when bull run hits then this is where you could
potentially make money.
Btcoin is a very valuable crypto asset and don't waste it by selling your bitcoin because bitcoin will be more expensive in the future and will be more popular, it's better to save with our bitcoin and hold it long term.
I never sell my bitcoin to meet my living needs because I always provide a cash reserve for that, not because I am rich but I have to do good financial management.
Since not everyone's situation is the same, not everyone will be able to collect Bitcoins in the same way. I think if an investor saves whatever is left over in bitcoins after meeting his daily needs then bitcoins would be good for him. Before investing here, the investor must consider his financial situation. If there is no long-term investment situation then holding that money in Bitcoin will mean losing that wealth in the long run. It is important to have a separate fund for emergency needs. However, spending Bitcoins can be difficult for those who prefer to hold Bitcoins. But if we think about keeping what we have to spend it is not realistic.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Not, as long i really needed that item/product regardless the bitcoin price. If i think having that item/product is what matter at that very moment then that's it. Although i rarely buy items/products with bitcoin so spending it sometime will not hurt you.
I have never bought goods with Bitcoin because of more transactions in goods with Fiat, Bitcoin for me is very valuable and I will not sell my bitcoin for things that I consider not important. Because for me Crypto assets are the most important for my future.
Unless I was forced to sell Bitcoin for an important and urgent need, I would do it.
It is really just that a waste of your precious coins if you are really that making use of it on something that you can buy with Fiat, somehow its not really that bad on making up such step or action for the sake of testing out its utility then its not really that bad on doing it once or twice but making it regular spending then it would really be just that a waste of coins.
Its not really that good on spending up your bitcoins actively, you do know that it would be having that potential on making it big when bull run hits then this is where you could
potentially make money.
Btcoin is a very valuable crypto asset and don't waste it by selling your bitcoin because bitcoin will be more expensive in the future and will be more popular, it's better to save with our bitcoin and hold it long term.
I never sell my bitcoin to meet my living needs because I always provide a cash reserve for that, not because I am rich but I have to do good financial management.
By holding Bitcoin an investor can expect huge profits in the future which is very unlikely for other assets. From the past price history we can easily understand how much Bitcoin value can increase in the next few years although I am guessing.
By accumulating Bitcoin as a valuable asset even a small investor can get a decent Bitcoin holding. The DCA method is a universal method through which people of any income can accumulate Bitcoin for the long term.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
That perspective is correct, although it also means you support using Bitcoin as currency/payment method which shows merchant that some people willing to spend their Bitcoin.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Yes. It'd be shame if Bitcoin price rise shortly after i made purchase with Bitcoin.
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It's always a shame to spend my Bitcoins because I always feel like they have huge growth potential. And even now when Bitcoin is at a local high, I don't want to spend it on necessities.
For retailers who only have a small Bitcoin, they always face obstacles to hold the Bitcoin they had, when there is an urgent need, it is very possible to sell so that they lose the opportunity to get profit when Bitcoin reaches its highest price, but when you have to spend it on something important, there should be no regrets except spending Bitcoin on something unimportant.
That's why it's important to invest in Bitcoin when we already have reserve funds, not to force ourselves to buy which we might sell at a loss.
A lot have falled in this category and all I can say is that they’re not informed enough to do what is expected of them. When you’re investing in bitcoin, you should already have another savings that you can touch when the need for emergency funds arises. The bitcoin market is very volatile and if you don’t hold for long, for the long term, you may sell at loss and then miss out on the biggest profit you can get from investing in bitcoin. Bitcoin is meant to be hold for the long term if you want to really benefit big from it, don’t stumble and sell at loss when you consider it also as your emergency funds money.
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That perspective is correct, although it also means you support using Bitcoin as currency/payment method which shows merchant that some people willing to spend their Bitcoin.
Yes. It'd be shame if Bitcoin price rise shortly after i made purchase with Bitcoin.
Exactly this is where I was driving. The idea is although you are actually supporting bitcoin adoption by making use of it as a payment method, you may sometimes be like "damn !! I should have probably waited a little before I made that purchase" if not everyone I do have this feeling sometimes especially when there is a big bullish movement shortly after I made the purchase.
The idea is to actually try spending fewer sats or waiting for a nice time to make a purchase especially if it isn't a pressing one. Volatility has its advantages and disadvantages and I believe one of the disadvantages per say is something similar to this.
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Some one is probably thinking of quickly saying mining well think of mining as exchanging your electricity and maintenance bills for some bitcoins which from a point of view is like Hodling without actually buying.
Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Yes, I actually feel skeptical and sometimes becomes emotionally. Every crypto enthusiast who knows the potential of a tangible btc returns in a long or short term basis may be skeptical in spending Bitcoin Holdings. There is always a thought that if I spend my Btc on a bull run, the price may be pumping higher and I have already spent it on certain expenses.
I always think of holding till price has gone to the moon, though there is no limit on going moon.
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You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
After buying bitcoins if I get more than 30% profit from it then I sell it and wait for the price to drop again. The only purpose of buying bitcoins or other crypto coins is to make profit from it so if I get more than 30% profit I think I should sell it because any time it can go down again so why wait so long. I am not an expert in trading but since I have been in the market for a long time I can make a lot of predictions and try to profit accordingly.
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I am convinced that in the future the value of bitcoin will rise further, for me it is like a safe haven asset, another form of investment so i am a holder, fortunately i don't need to spend it and if i do i only do it in small quantities
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I am convinced that in the future the value of bitcoin will rise further, for me it is like a safe haven asset, another form of investment so i am a holder, fortunately i don't need to spend it and if i do i only do it in small quantities
It is not only you, I think all Bitcoin holders believe with the future of Bitcoin. Sure, the price will continue increasing, Bitcoin value is always growing. However, I assume Bitcoin is still risky investment, especially for the people who have lack of knowledge in crypto. I'm not sure to say Bitcoin as a haven asset, it is not 100% secure for us. Yes, we must prefer to hold than spending our Bitcoin. We surely prefer use dollars if it is for spending purposes.
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I personally will sell 75% of my bitcoins if the price reaches a 100% increase from my previous purchase price and I will buy again when the market is correcting, with an amount according to the available finances.
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I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.
When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
After buying bitcoins if I get more than 30% profit from it then I sell it and wait for the price to drop again. The only purpose of buying bitcoins or other crypto coins is to make profit from it so if I get more than 30% profit I think I should sell it because any time it can go down again so why wait so long. I am not an expert in trading but since I have been in the market for a long time I can make a lot of predictions and try to profit accordingly.
This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.
I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
The season of pump comes and goes as the season of price dump does correspondingly.
HODL during price pump is not a bad idea to me cause more profits are to be attained as price grows positively.
But I see no reason of being skeptical spending the profits I realize from any of my Crypto asset being BTC or Alts wether in pump or dump seasons.
It all depends on one's motive towards these seasons in respect to the profits he has made. To me, I see it in the form that profits has been made during the period of Holding and I could spend as much profit as I want on any item or even converting it to Fiat (Currency) disregarding wether the market is experiencing a pump or dumb......
Since profits are there..... Spending is fun.....
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When I was newbie and don't know about anything with bitcoin I was huge skeptical about bitcoin like it only use for doing illegal stuff and only hackers used it and I also haven't start mining only because that time the GPU warranty were closed if they used for mining.
Now I know about bitcoin there no owner here, limit supply, and no paid developer here so that how can it be skeptical thing? I believe in bitcoin and sometimes I get panicking because of the volatility but not skeptical.
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When I was newbie and don't know about anything with bitcoin I was huge skeptical about bitcoin like it only use for doing illegal stuff and only hackers used it and I also haven't start mining only because that time the GPU warranty were closed if they used for mining.
Now I know about bitcoin there no owner here, limit supply, and no paid developer here so that how can it be skeptical thing? I believe in bitcoin and sometimes I get panicking because of the volatility but not skeptical.
That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
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This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.
I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.
Surely everyone has their special method of exploiting profit, and that is quite understandable. More importantly, the strategy in its usage can offer assurance when implemented. So the results obtained will really look deserved and up to expectations.
There are countless scenarios with other teams, and we can find out how to do it in a manner that represents us. So, there is nothing wrong with the approach as long as we are comfortable, and every plan is effective in the manner in which it can get us to where we want to be, financially.
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This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.
I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.
Surely everyone has their special method of exploiting profit, and that is quite understandable. More importantly, the strategy in its usage can offer assurance when implemented. So the results obtained will really look deserved and up to expectations.
There are countless scenarios with other teams, and we can find out how to do it in a manner that represents us. So, there is nothing wrong with the approach as long as we are comfortable, and every plan is effective in the manner in which it can get us to where we want to be, financially.
Well, once again, it will come back to each of us to use which strategy, as we know there will be many differences in strategy and that is a very common thing.
There are also strategies that take smaller profits, but they try to be as consistent as possible to get it. That is also okay as long as we really understand what we are doing. Sharing experiences like this will make us open to new strategies.
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That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
And you will be amazed after hearing that currently in this digital era some peoples are not some most of the people's have the same thinking about bitcoin like some of my friend still thought that bitcoin is something like illegal and only bad peoples are doing it and use it .
Some of my friends also thought that it like an gambling think. Some of my days even go as far as telling them that Bitcoin is not illegal or bad. It is a currency and virtual assets.
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That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
And you will be amazed after hearing that currently in this digital era some peoples are not some most of the people's have the same thinking about bitcoin like some of my friend still thought that bitcoin is something like illegal and only bad peoples are doing it and use it .
Some of my friends also thought that it like an gambling think. Some of my days even go as far as telling them that Bitcoin is not illegal or bad. It is a currency and virtual assets.
Not many people know about bitcoin and consider it a gamble or something illegal. In fact, bitcoin is a technological advancement and offers financial freedom.
Bitcoin is the most valuable crypto asset and is suitable for long-term holding, many governments of a country have legalized and accepted bitcoin as an investment, why do many still think bitcoin is something illegal.
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You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.
I think the only thing we need to worry about for now is not filling our bags in while it's way more cheaper compared to future prices which is expected to skyrocket. I will hold mine as long as I can depending on the situation because you know life is here we all know the fact that inflation is hitting hard on every single citizens that belongs to the lower class in the society like me.
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You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.
I think the only thing we need to worry about for now is not filling our bags in while it's way more cheaper compared to future prices which is expected to skyrocket. I will hold mine as long as I can depending on the situation because you know life is here we all know the fact that inflation is hitting hard on every single citizens that belongs to the lower class in the society like me.
we have to follow the trend when the price goes down, we have to buy and put potential coins into our wallet. that's how investing in crypto must be right on entry and exit because not all investors have good analysis and predictions, sometimes they buy when FOMO and the price is already high so they will get trapped.
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.......................................................... In fact, bitcoin is a technological advancement and offers financial freedom.
Bitcoin is the most valuable crypto asset and is suitable for long-term holding, many governments of a country have legalized and accepted bitcoin as an investment, why do many still think bitcoin is something illegal.
As you mentioned that not many peoples knows about the bitcoin and this is the reason they still think that bitcoin is an illegal things.
Even then if we just inquiry that then we will find that a good amount of numbers peoples still doesn't have that much internet access or they don't have the access of the digital devices. And here it is normal that they won't know that what is bitcoin. But I amazed that some peoples they have digital devices and also the internet but they still think that bitcoin is something like gambling or illegal thing. And here also the same reason they don't know much about the cryptocurrency and the bitcoin.
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As you mentioned that not many peoples knows about the bitcoin and this is the reason they still think that bitcoin is an illegal things.
Even then if we just inquiry that then we will find that a good amount of numbers peoples still doesn't have that much internet access or they don't have the access of the digital devices. And here it is normal that they won't know that what is bitcoin. But I amazed that some peoples they have digital devices and also the internet but they still think that bitcoin is something like gambling or illegal thing. And here also the same reason they don't know much about the cryptocurrency and the bitcoin.
Yes many of us do not understand Bitcoin so they think it is illegal or like gambling. This is partly because some people do not have internet or devices. But even those who do have technology mostly have wrong ideas about Bitcoin. This is because some governments have rules against it people worry about bad uses or they just don't know much. Actually Bitcoin is safe and fast online money system that many governments allow. Learning more can help us understand Bitcoin better and see its real uses. By educating ourselves we can have clearer picture of Bitcoin possibilities.
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Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
Sometimes yes, I have felt a condition where I am very hesitant to spend my coins, because indeed the bullish moment is always more interesting than spending money on consumptive things. We can find a moment where after we spend something with the coins we have, a few moments later there will be a bullish moment, and that makes our hearts a little regretful, right?
Sometimes you really need to be able to make a better allocation of funds so that you can shop using crypto without having to worry about it.
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I think for those who HODL Bitcoin for profit and investment and those who still keep it as assets are not just in a rush to spend it, they may spend it only when things are in a very critical situation and they feel very skeptical when they spend it. Some one made a post he said he was very broke that not even a dine was with him and he was very hungry he taught of so many ways to make money but didn't find any solution, then he remembered he had Bitcoin in his wallet he never wanted to spend it cause he was hodling but when the situation got worse he had to spend some of it but later when something came he never forgot to replace them.
So every holders feel skeptical when they spend.
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Well I'll be bumping this thread because of something quite interesting that happened recently which is definitely the reason why I created this thread back then. Now the night before trump won the elections I intended on purchasing something with some bitcoins. However I was a little lazy to do the transaction not because I speculated bitcoin would pump like this once trump won. Well it was surprising for me when I woke up the next morning and saw bitcoin was already at $74k.
Now my point is I would have definitely been sad had I made the purchase that day when bitcoin was still at $68k only for me to wake up the next morning to see it at a far higher price. Currently it's at $76k and still counting.
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- If you have accumulated coins, you will not think of using them just because you want to buy something, so you need to sell them to your fiat. Of course, if you have discipline in yourself, you will not do this because you have a goal, so you are doing it to hold assets.
Because if we don't do something like this, we won't get anywhere for sure, it's better and better that we try to fulfill our plans or goals that are called so that we can prove to ourselves that we can really do it.
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- If you have accumulated coins, you will not think of using them just because you want to buy something, so you need to sell them to your fiat. Of course, if you have discipline in yourself, you will not do this because you have a goal, so you are doing it to hold assets.
Because if we don't do something like this, we won't get anywhere for sure, it's better and better that we try to fulfill our plans or goals that are called so that we can prove to ourselves that we can really do it.
If we already have a plan and goals set in investing, we should always be consistent in holding our goals and not sell our coins to buy something unless we really need it. Investing in crypto requires patience and good financial management so that we can always maintain our assets to become bigger. Like me, I will currently sell the coins that I hold next year because I want to get higher profits during the bullish season next year.
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Yes many of us do not understand Bitcoin so they think it is illegal or like gambling. This is partly because some people do not have internet or devices. But even those who do have technology mostly have wrong ideas about Bitcoin. This is because some governments have rules against it people worry about bad uses or they just don't know much. Actually Bitcoin is safe and fast online money system that many governments allow. Learning more can help us understand Bitcoin better and see its real uses. By educating ourselves we can have clearer picture of Bitcoin possibilities.
yeap that was also one reason that many government don't support cryptocurrency as they should do. In my country in pasts day we saw people's get caught to jail for trading cryptocurrency and also there they yellow newsreporters also promote negativity about bitcoin but the scenario has been changed now and lots of people are coming for bitcoin and cryptocurrencies invest which is really good for crypto industry.
Anyway, we should made more volunteering by our own self for let more peoples knows about bitcoin and what is the main purpose of it. Then maybe more peoples will know bitcoin and they will also take bitcoin in a positive way.
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Yes, spending Bitcoin can sometimes make even seasoned crypto users feel a bit hesitant or suspicious. It has a history of appreciating significantly, so spending it today may seem like giving up something that could be worth much more in the future. Many people see Bitcoin as a "store of value", so there is often an internal debate about whether it is worth parting with it now. Transaction fees on the Bitcoin network can vary, especially when demand is high. Sometimes, the fees can be high enough to make small transactions seem less worthwhile. This is another consideration to add when deciding whether to use Bitcoin as a payment method.Although Bitcoin can certainly be spent, there is often hesitation. This is not necessarily a bad thing; This is a reflection of the perceived value of Bitcoin and the unique considerations it brings to personal finance. Many people end up choosing to "HODL" or use fiat for daily purchases, storing their bitcoins for the long term..
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The crypto market is a dynamic and balanced market of both profits and losses as well as buyers and sellers in terms of volume. Now in as much as we say it's best to buy in dip , not everyone HODLs or buys in dip. Now the reason is quite simple, if everyone should HODL on to their coins during dips , how then will buyers get the coins they wish to HODL?.
Some one is probably thinking of quickly saying mining well think of mining as exchanging your electricity and maintenance bills for some bitcoins which from a point of view is like Hodling without actually buying.
Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
I am replying late but now my answer will fits best here as we know the market is making new ATH day by day means it's on its peak right now and I am earning BTC from the signature campaign and using that BTC to meet my daily expenses without having a second thought about holding them because if I get a second thought it hurts haha yeah it hurts because I don't want to sell but to hold.
But I am in no position right now to hold on to my earnings due to high inflation in my country everything is just so expensive, and there is no job. Governments don't give a damn about jobs they are lending money in the name of subsidies to all kinds of people and making a profit on interest and still not generating any employment.
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Yes many of us do not understand Bitcoin so they think it is illegal or like gambling. This is partly because some people do not have internet or devices. But even those who do have technology mostly have wrong ideas about Bitcoin. This is because some governments have rules against it people worry about bad uses or they just don't know much. Actually Bitcoin is safe and fast online money system that many governments allow. Learning more can help us understand Bitcoin better and see its real uses. By educating ourselves we can have clearer picture of Bitcoin possibilities.
yeap that was also one reason that many government don't support cryptocurrency as they should do. In my country in pasts day we saw people's get caught to jail for trading cryptocurrency and also there they yellow newsreporters also promote negativity about bitcoin but the scenario has been changed now and lots of people are coming for bitcoin and cryptocurrencies invest which is really good for crypto industry.
Anyway, we should made more volunteering by our own self for let more peoples knows about bitcoin and what is the main purpose of it. Then maybe more peoples will know bitcoin and they will also take bitcoin in a positive way.
Does the government in your country still prohibit bitcoin, dude?
because in some countries the government has started to legalize bitcoin and crypto as an investment and in some countries it has become a means of payment.
In my country from the beginning the government did not allow and did not prohibit its citizens from investing in bitcoin, so no one was jailed for investing in crypto.
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Does the government in your country still prohibit bitcoin, dude?
because in some countries the government has started to legalize bitcoin and crypto as an investment and in some countries it has become a means of payment.
In my country from the beginning the government did not allow and did not prohibit its citizens from investing in bitcoin, so no one was jailed for investing in crypto.
Yes, as our central bank it is still illegal to trade but currently, 3 three month ago our previous government who are known for their dictatorship they were terminated by the peoples and now we have the interim government and those who are in ICT ministry seem not say anything about the bitcoin now. But the people we are expecting that they will take the cryptocurrency as a positive thing and we are also hoping for the legalization of cryptocurrency in our country right now.
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Does the government in your country still prohibit bitcoin, dude?
because in some countries the government has started to legalize bitcoin and crypto as an investment and in some countries it has become a means of payment.
In my country from the beginning the government did not allow and did not prohibit its citizens from investing in bitcoin, so no one was jailed for investing in crypto.
Yes, as our central bank it is still illegal to trade but currently, 3 three month ago our previous government who are known for their dictatorship they were terminated by the peoples and now we have the interim government and those who are in ICT ministry seem not say anything about the bitcoin now. But the people we are expecting that they will take the cryptocurrency as a positive thing and we are also hoping for the legalization of cryptocurrency in our country right now.
In some countries Crypto Currency has been legalized and included in my country. The government allows as an investment but has not been received as a payment method.
Maybe it still needs adjustments and studies from the government to receive bitcoin as a payment method, but I am sure that gradually it will happen. So be patient, Crypto Currency will have a bright future.
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BTC is the safest crypto asset that returns you the profit desired. It could take time for the process to take place, but one thing certain is the profit will definitely come at the due time.
I am really skeptical when it comes to spending my BTC, cause I know very well it is more like a store house of treasure. It's like a place where you keep your valuables and see it transform you financially, if you can be patient enough for it.
With the current ATH of BTC, a time will come when the demand will be so high, and that will make BTC to be even more expensive than what it is now.
There are more investors and users of BTC, BTC is becoming legalized in some countries and more countries will accept it, in just a matter of time.
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In some countries Crypto Currency has been legalized and included in my country. The government allows as an investment but has not been received as a payment method.
Maybe it still needs adjustments and studies from the government to receive bitcoin as a payment method, but I am sure that gradually it will happen. So be patient, Crypto Currency will have a bright future.
You mean you can invest on the bitcoin but you are not allowed to do exchange something with any person via bitcoin? And as far as know that the cex like binance also banned on the Nigeria so yes they need some adjustments that peoples of your country also will be able to do the right usages of cryptocurrency. And I am also hoping that nigeria will also gonna be on that stage because I saw in a report Nigeria has one of the topest country in cryptocurrency using.
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In some countries Crypto Currency has been legalized and included in my country. The government allows as an investment but has not been received as a payment method.
Maybe it still needs adjustments and studies from the government to receive bitcoin as a payment method, but I am sure that gradually it will happen. So be patient, Crypto Currency will have a bright future.
You mean you can invest on the bitcoin but you are not allowed to do exchange something with any person via bitcoin? And as far as know that the cex like binance also banned on the Nigeria so yes they need some adjustments that peoples of your country also will be able to do the right usages of cryptocurrency. And I am also hoping that nigeria will also gonna be on that stage because I saw in a report Nigeria has one of the topest country in cryptocurrency using.
actually some countries have not fully legalized bitcoin. and what I see is that Nigeria can already use bitcoin as a means of payment. there are still countries that still do not allow it, be patient, because maybe the government is still studying the advantages and disadvantages of using bitcoin in their country. because in my opinion, they will likely accept bitcoin as a means of payment and investment in the future. It's just a matter of time and process.
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actually some countries have not fully legalized bitcoin. and what I see is that Nigeria can already use bitcoin as a means of payment. there are still countries that still do not allow it, be patient, because maybe the government is still studying the advantages and disadvantages of using bitcoin in their country. because in my opinion, they will likely accept bitcoin as a means of payment and investment in the future. It's just a matter of time and process.
I think this situation is more sad for crypto enthusiasts in that country because in this situation they can't fully enjoy the fun of cryptocurrency. On the other hand, my region is better because cryptocurrency is illegal here and because it is illegal, there are about four million of us who are connected to cryptocurrency and those who earn from it do not have to pay tax anymore. Maybe when cryptocurrency is legalized we will have a certain amount of tax here too. Anyway I am willing to pay tax but I am not willing to fall into a situation like Nigeria. Either I will enjoy the full use of crypto currency or I will walk another road as I walk now.
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I looked back at BTC's price data since the OP was made, it's around $65K at the time. If you had a small fraction of BTC and sold it then, you probably won't feel any regret now that it went up to $93K. However, if you already sold maybe 0.5 BTC or higher, you'll probably thinking about the missed profit by now.
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Well of course I think most of us are skeptical when spending Bitcoins because of the fact that anytime prices may go up. But unfortunately, we need to spend it due to emergencies like we need money immediately and we do not have enough extra to be used for the specific purpose. Lucky to those who are holding their Bitcoins for pure investment and they can hold it for long but for me nah because I don't have stable job right now.
In fact we think so because when we sell our bitcoins for our own needs it seems not right to sell bitcoins at the moment but what to do we have to sell for our needs and we have no other means to find other ways to meet the needs. I'm with Bitcoin like you don't do anything else. Because I don't have a fixed job at the moment, I also have to sell bitcoins constantly. Maybe we hold Bitcoin for a few days. When the need arises, the market has to sell to meet the demand even though there is a lot of dumping. But now I don't regret selling bitcoin because I have to sell constantly. There is no other way to meet demand other than to sell these bitcoins.
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In fact we think so because when we sell our bitcoins for our own needs it seems not right to sell bitcoins at the moment but what to do we have to sell for our needs and we have no other means to find other ways to meet the needs. I'm with Bitcoin like you don't do anything else. Because I don't have a fixed job at the moment, I also have to sell bitcoins constantly. Maybe we hold Bitcoin for a few days. When the need arises, the market has to sell to meet the demand even though there is a lot of dumping. But now I don't regret selling bitcoin because I have to sell constantly. There is no other way to meet demand other than to sell these bitcoins.
what you are saying reflects the true state of affairs for some people who really need to profit from Bitcoin's current rise.
The goal of investing is to make a profit, not to invest for life.
What you are doing is right and in accordance with your main goal.
Maybe taking a portion for the necessities of life is very wise because I also wouldn't be a hypocrite by saying don't sell your Bitcoin right now,
but it's about the necessities of life that must be met.
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In fact we think so because when we sell our bitcoins for our own needs it seems not right to sell bitcoins at the moment but what to do we have to sell for our needs and we have no other means to find other ways to meet the needs. I'm with Bitcoin like you don't do anything else. Because I don't have a fixed job at the moment, I also have to sell bitcoins constantly. Maybe we hold Bitcoin for a few days. When the need arises, the market has to sell to meet the demand even though there is a lot of dumping. But now I don't regret selling bitcoin because I have to sell constantly. There is no other way to meet demand other than to sell these bitcoins.
what you are saying reflects the true state of affairs for some people who really need to profit from Bitcoin's current rise.
The goal of investing is to make a profit, not to invest for life.
What you are doing is right and in accordance with your main goal.
Maybe taking a portion for the necessities of life is very wise because I also wouldn't be a hypocrite by saying don't sell your Bitcoin right now,
but it's about the necessities of life that must be met.
I agree with you, if we have life needs that must be met we can sell our bitcoin or altcoin, because it is very urgent. We can hold bitcoin for the long term, but must have savings for sudden needs so that our investment is not disturbed by the needs that we must meet.
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I agree with you, if we have life needs that must be met we can sell our bitcoin or altcoin, because it is very urgent. We can hold bitcoin for the long term, but must have savings for sudden needs so that our investment is not disturbed by the needs that we must meet.
Emergencies are usually the main cause of the decision to sell bitcoins, alts or other cryptocurrencies; it is always good to seek other options so that holdings remain intact. In any venture it is always wise on our side to establish if there is a provision for an emergency capital, which will be of help in an event of an emergency. In this way, we are not forced to managed and lose the possible growth of inventory which we are preparing for the future. Setting long-term investment objectives will be of more advantage than disposing investment instruments as dictated by wantonly random needs.
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I agree with you, if we have life needs that must be met we can sell our bitcoin or altcoin, because it is very urgent. We can hold bitcoin for the long term, but must have savings for sudden needs so that our investment is not disturbed by the needs that we must meet.
So that's the point, you have to distinguish between living needs and investment so as not to interfere with the investment that is being made.
But if the need is urgent and it does need a lot of money, the profit from the investment needs to be sold but when the investment is not profitable, I will not sell anything.
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I agree with you, if we have life needs that must be met we can sell our bitcoin or altcoin, because it is very urgent. We can hold bitcoin for the long term, but must have savings for sudden needs so that our investment is not disturbed by the needs that we must meet.
So that's the point, you have to distinguish between living needs and investment so as not to interfere with the investment that is being made.
But if the need is urgent and it does need a lot of money, the profit from the investment needs to be sold but when the investment is not profitable, I will not sell anything.
To do this, it is prerequisite to segregate the life pursuits from the other allocation we apply for investment, thus they should function independently of one another. It is generally possible to use the results in an urgent situation, when a considerable amount of money is needed, provided that this calculation is done with proper assessment. However, if the conditions of the market are unfavourable and the value of the investment is low, non-disposition move of not selling the stock is wiser. Thus, it is possible to achieve the current utility value unshadowed by conflicting future potential for the growth of the asset value.
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I agree with you, if we have life needs that must be met we can sell our bitcoin or altcoin, because it is very urgent. We can hold bitcoin for the long term, but must have savings for sudden needs so that our investment is not disturbed by the needs that we must meet.
So that's the point, you have to distinguish between living needs and investment so as not to interfere with the investment that is being made.
But if the need is urgent and it does need a lot of money, the profit from the investment needs to be sold but when the investment is not profitable, I will not sell anything.
thats right, we have to distinguish between needs and investments. because for investment we have to use free money, set aside money from our income and save it in the form of bitcoin or altcoin. because if we mix both between savings and investments we will be in trouble if suddenly there is a sudden need and the crypto market is in a state of correction, so if we sell it now we will lose. that is the function of savings for reserve money, if needed we can use it and it will not interfere with our investment.
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thats right, we have to distinguish between needs and investments. because for investment we have to use free money, set aside money from our income and save it in the form of bitcoin or altcoin. because if we mix both between savings and investments we will be in trouble if suddenly there is a sudden need and the crypto market is in a state of correction, so if we sell it now we will lose. that is the function of savings for reserve money, if needed we can use it and it will not interfere with our investment.
This is something that I find very important especially to ensure that my month’s expenses do not crowd our investment capital. This way, we can designate a part of the money received to be invested, and not have the investments sold in a emergency situation at a low price. Another advantage is that, by investing in it, we are less likely to get distracted by the daily ups and downs that prevail in the cryptographic currency market.
Their financial reserve is the amount of money, which is accumulated in order to be able to use this money for unpredictable situations. In this way, for investing we can keep sufficient reserve funds so that we do not need to take out money at the wrong time. Such steps do not only safeguard the values of our investments whereas they also enact reasonable optimization between the opportunities of future and management of present requirements.
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It's actually good to still advise investors to hold because Bitcoin does have good prospects, but considering that we all don't know when the holding was done and when it will end, then we can't judge that people who sell at a falling price are people who lose... because it's possible that he has owned BTC since 2012 and just sold it at the next bearish moment which might drop to $80k, that's still a big profit....
Shopping is the right of each BTC owner... and our job is only to give good advice for the future, not necessarily good for his future.... maybe someone really, really needs to sell BTC because there are personal problems that must be resolved immediately, so they have to sell BTC... that's not wrong, my friend. It's still within reasonable limits.
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Being sceptical is a rhetorical question for those who are investing for short term. Mostly in the year 2021 when bitcoin was $16k. I was sceptical to sell at that time but I still sold it because I used it to solve a pressing issue. Even now people are still sceptical about the market whether to sell or not because most of them are planning to sell when the price hit $100k. As for me I have been and being sceptical to sell bitcoin.
Long term investors should not worry because bitcoin will hit your target one day. Just be hodling it until you target is actualized.
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It's actually good to still advise investors to hold because Bitcoin does have good prospects, but considering that we all don't know when the holding was done and when it will end, then we can't judge that people who sell at a falling price are people who lose... because it's possible that he has owned BTC since 2012 and just sold it at the next bearish moment which might drop to $80k, that's still a big profit....
Shopping is the right of each BTC owner... and our job is only to give good advice for the future, not necessarily good for his future.... maybe someone really, really needs to sell BTC because there are personal problems that must be resolved immediately, so they have to sell BTC... that's not wrong, my friend. It's still within reasonable limits.
Holding up into something on which it doesnt impose any guarantees then it will really be getting that different impressions in between certain person or investors on which they might be holding up for long term or would really be dealing up with it on short term. It will really be just that basing up on how you will really be acting out accordingly basing up with that risks management.
If you'v ebeen here on this market for a while then you would definitely say that accumulating and holding Bitcoin for long term aspect would really be that worth. For those who do wanted more
then this is the time or moment that they will really be considering altcoin options on which it isnt really that bad either. It would really be just that depending on you.
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In some countries Crypto Currency has been legalized and included in my country. The government allows as an investment but has not been received as a payment method.
Maybe it still needs adjustments and studies from the government to receive bitcoin as a payment method, but I am sure that gradually it will happen. So be patient, Crypto Currency will have a bright future.
You mean you can invest on the bitcoin but you are not allowed to do exchange something with any person via bitcoin? And as far as know that the cex like binance also banned on the Nigeria so yes they need some adjustments that peoples of your country also will be able to do the right usages of cryptocurrency. And I am also hoping that nigeria will also gonna be on that stage because I saw in a report Nigeria has one of the topest country in cryptocurrency using.
actually some countries have not fully legalized bitcoin. and what I see is that Nigeria can already use bitcoin as a means of payment. there are still countries that still do not allow it, be patient, because maybe the government is still studying the advantages and disadvantages of using bitcoin in their country. because in my opinion, they will likely accept bitcoin as a means of payment and investment in the future. It's just a matter of time and process.
Bitcoin has been legalized in almost all countries, but it is still illegal in most countries. It is expected that Bitcoin will be legalized in other countries very soon. We have heard that there are many countries including Nigeria where Bitcoin has been legalized. It is expected that Bitcoin will be fully legalized very soon, but we will have to wait for a long time for this, otherwise there is nothing we can do. Bitcoin is starting to grow in popularity as time goes by. However, the government of a country cannot suddenly legalize it. It will look at both its bad and good sides. If it thinks it can be legalized, it will legalize it.
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Bitcoin has been legalized in almost all countries, but it is still illegal in most countries. It is expected that Bitcoin will be legalized in other countries very soon. We have heard that there are many countries including Nigeria where Bitcoin has been legalized. It is expected that Bitcoin will be fully legalized very soon, but we will have to wait for a long time for this, otherwise there is nothing we can do. Bitcoin is starting to grow in popularity as time goes by. However, the government of a country cannot suddenly legalize it. It will look at both its bad and good sides. If it thinks it can be legalized, it will legalize it.
The government will have its own considerations to legalize bitcoin or not, but currently many governments have legalized bitcoin because they understand that bitcoin technology is a progress that must be adopted. There are several countries that have legalized bitcoin such as El Salvador and Nigeria. And there are those who still cannot accept bitcoin such as China. While in my country bitcoin is legalized as an investment. And maybe in many countries bitcoin has been accepted as an investment. Since Trump won the US presidential election, the price of bitcoin has increased and touched a price of $ 97K
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Bitcoin has been legalized in almost all countries, but it is still illegal in most countries. It is expected that Bitcoin will be legalized in other countries very soon. We have heard that there are many countries including Nigeria where Bitcoin has been legalized. It is expected that Bitcoin will be fully legalized very soon, but we will have to wait for a long time for this, otherwise there is nothing we can do. Bitcoin is starting to grow in popularity as time goes by. However, the government of a country cannot suddenly legalize it. It will look at both its bad and good sides. If it thinks it can be legalized, it will legalize it.
I didn't understand that what really you are mean by this bitcoin has been legalized in almost all countries and it is still illegal in most countries.
However, if I say that around one percent of the total population of the world still does not know about Bitcoin or crypto currency. But at present, as far as I know, most countries in the world have legalized currency and only twenty-two countries have declared it illegal. I am sure that the currency will be legalized in these 22 countries in the future and as a bitcoin holder I am waiting for that time.
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Emergencies are usually the main cause of the decision to sell bitcoins, alts or other cryptocurrencies; it is always good to seek other options so that holdings remain intact. In any venture it is always wise on our side to establish if there is a provision for an emergency capital, which will be of help in an event of an emergency. In this way, we are not forced to managed and lose the possible growth of inventory which we are preparing for the future. Setting long-term investment objectives will be of more advantage than disposing investment instruments as dictated by wantonly random needs.
What you say is exceptionally correct, but many factors must be considered, for example sometimes there is not enough income to establish a fund apart from the one you have, if you have it for that you do not have it to invest in btc or buy btc, to do both things you need a lot of money, then it gets complicated, and even more so when emergencies arise with an urgent character.
But not everyone earns a lot of money in their jobs, there are some people who work a lot and earn little, but still have to work to be able to support themselves and manage to cover or half cover the basic things.
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Emergencies are usually the main cause of the decision to sell bitcoins, alts or other cryptocurrencies; it is always good to seek other options so that holdings remain intact. In any venture it is always wise on our side to establish if there is a provision for an emergency capital, which will be of help in an event of an emergency. In this way, we are not forced to managed and lose the possible growth of inventory which we are preparing for the future. Setting long-term investment objectives will be of more advantage than disposing investment instruments as dictated by wantonly random needs.
What you say is exceptionally correct, but many factors must be considered, for example sometimes there is not enough income to establish a fund apart from the one you have, if you have it for that you do not have it to invest in btc or buy btc, to do both things you need a lot of money, then it gets complicated, and even more so when emergencies arise with an urgent character.
But not everyone earns a lot of money in their jobs, there are some people who work a lot and earn little, but still have to work to be able to support themselves and manage to cover or half cover the basic things.
I also participate in bounty campaigns and airdrops to get rewards that I will use to buy coins. because I never use my salary to invest in crypto, because my salary is to meet my needs and my family's.
actually there are many ways that can be done if you want to earn income in the crypto world, because we can participate in airdrops, bounty campaigns or also do trading if we have the ability and experience.
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I also participate in bounty campaigns and airdrops to get rewards that I will use to buy coins. because I never use my salary to invest in crypto, because my salary is to meet my needs and my family's.
actually there are many ways that can be done if you want to earn income in the crypto world, because we can participate in airdrops, bounty campaigns or also do trading if we have the ability and experience.
You are very smart and understand what to risk and things not to ever risk. Sadly, Bounties looks dead because the way the crypto world is now reshape and marketing structure of the forum doesn't make people comes again and I will also say the interest of people in the Forum doesn't buy things that are been advertised, who will buy meme coins when we know the danger.
I'm still little active in airdrop but if someone eventually makes money from airdrop, I'm not sure if will be wise to use it to invest in crypto, my fear is Bitcoin been at all time high, nobody can say you know.
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I also participate in bounty campaigns and airdrops to get rewards that I will use to buy coins. because I never use my salary to invest in crypto, because my salary is to meet my needs and my family's.
actually there are many ways that can be done if you want to earn income in the crypto world, because we can participate in airdrops, bounty campaigns or also do trading if we have the ability and experience.
it’s a very excelent decision, it’s an interesting step in the world or looking for additional sources of income in different ways in the world of crypto and it can bring profitable opportunities. We can expand the scope of possibilities for our income without depending on our main salary through airdrops, bounty campaigns or trading. It gives us an opportunity to sustain a symmetry between personal conviction and investment.
But that doesn’t mean we can use any and every method: we have to be careful and selective in what we choose. Through good understanding of the risks, daring to take the opportunities that exist, the crypto world succeeds. We have many ways to earn extra cash from crypto but unless we engaged, our goal will remain unattainable.
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I also participate in bounty campaigns and airdrops to get rewards that I will use to buy coins. because I never use my salary to invest in crypto, because my salary is to meet my needs and my family's.
actually there are many ways that can be done if you want to earn income in the crypto world, because we can participate in airdrops, bounty campaigns or also do trading if we have the ability and experience.
It is a fact, but if we start to review things we have to be aware of something, for some airdrops the things look good but in the end the reward is not adequate or it is what we do with a lot of effort and we do not receive enough, it is like working hard to earn little, that is something that at least for me is not worth it, in the time of the airdrops in 2017 things were different, I remember that in a first airdrop many people made up to $3k in a week, here in the new airdrops with luck you can make 10usd or 20usd, so it is a lot for little, that is how I see it.
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It is a fact, but if we start to review things we have to be aware of something, for some airdrops the things look good but in the end the reward is not adequate or it is what we do with a lot of effort and we do not receive enough, it is like working hard to earn little, that is something that at least for me is not worth it, in the time of the airdrops in 2017 things were different, I remember that in a first airdrop many people made up to $3k in a week, here in the new airdrops with luck you can make 10usd or 20usd, so it is a lot for little, that is how I see it.
Analysing the changes that have occurred in the airdrop world in the course of time it can be stated that indeed there were a qualitative difference in the value and benefits which could be gained in the present days as compared to a couple of years ago. It makes us have a perception that the effort we make could at sometimes not merit the outcomes achieved. But this also gives us a chance to be a little more selective and try to find a real value in doing something that isn’t as valuable as something else. One can think that targeted approach in selection of airdrops with a good future perspective is one of the ways to maximise the actions made.
Similarly, with regard to this context, there are other options to keep on receiving value from the ecosystem of cryptocurrencies; for example, investing in various kinds of assets with opportunities for growth, or staking as a passive income stream. In that way, we can concentrate on things which will come out better rather than feeling pressurised to endure small wins from time-wasting tasks. The result will be much more significant in the future in case adapting and choosing a more appropriate strategy.
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Analysing the changes that have occurred in the airdrop world in the course of time it can be stated that indeed there were a qualitative difference in the value and benefits which could be gained in the present days as compared to a couple of years ago. It makes us have a perception that the effort we make could at sometimes not merit the outcomes achieved. But this also gives us a chance to be a little more selective and try to find a real value in doing something that isn’t as valuable as something else. One can think that targeted approach in selection of airdrops with a good future perspective is one of the ways to maximise the actions made.
Similarly, with regard to this context, there are other options to keep on receiving value from the ecosystem of cryptocurrencies; for example, investing in various kinds of assets with opportunities for growth, or staking as a passive income stream. In that way, we can concentrate on things which will come out better rather than feeling pressurised to endure small wins from time-wasting tasks. The result will be much more significant in the future in case adapting and choosing a more appropriate strategy.
You are absolutely right, personally I would say things are different now, for me Airdrops are like a fad, it is something that has already passed, now the Crypto direction is going in another direction, in investing, the advantage that there was with airdrops is that things were without investment and that is something that will always be missed by many, now I don't know what the new thing will be? There must be things out there, but generally one finds out when many have already won and when one enters well one does not win much, that has happened to me, that is why I follow these forums , there is always top level information.
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Now where am I driving towards?
Well it's simply spending your coins. When you spend your coins on something say a pair of sneakers for example, it's like selling off your coins for some item with an equivalent amount in fiat. So it's like selling your coins for some fiat.
The thing I have to focus on is that I can't buy a lot of Bitcoin. I can't buy a few Bitcoins at a time, so I have to dream about buying Bitcoins according to my ability. If I set a budget every month and put my Bitcoins according to that budget, I think that's a good idea. But if I go beyond that budget, then I won't get emotional about collecting Bitcoins. I know that Bitcoin will become more expensive in the future, more people will collect Bitcoins, but I won't get emotional about holding or anything else beyond my ability.