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Author Topic: Are you sometimes skeptical when you spend some bitcoins?  (Read 9401 times)

Offline vegasus

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #45 on: October 18, 2024, 10:24:21 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #45 on: October 18, 2024, 10:24:21 PM »

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Offline summonerrk

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #46 on: October 18, 2024, 10:58:39 PM »
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.
Empty

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #46 on: October 18, 2024, 10:58:39 PM »

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Offline MRY

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #47 on: October 19, 2024, 12:46:23 PM »
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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Offline ZAINmalik75

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #48 on: October 19, 2024, 05:58:24 PM »
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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Offline dekafee79

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #49 on: October 19, 2024, 06:49:01 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #50 on: October 21, 2024, 06:18:19 PM »
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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Offline rizqillah

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #51 on: October 22, 2024, 05:54:07 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #51 on: October 22, 2024, 05:54:07 PM »


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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #52 on: October 22, 2024, 09:02:06 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #53 on: October 23, 2024, 04:37:42 AM »
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
Quote
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #54 on: October 23, 2024, 10:41:49 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #55 on: October 26, 2024, 04:14:29 PM »

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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #56 on: October 26, 2024, 11:29:09 PM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #57 on: October 27, 2024, 09:57:59 AM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #58 on: October 28, 2024, 05:57:16 AM »
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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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #59 on: October 28, 2024, 07:31:27 AM »
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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