Are you sometimes skeptical when you spend some bitcoins?

[Crypto Library]

.......................................................... 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.

[Rustam Meraj]

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.

[bayu7adi]

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.

[rachael9385]

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.

[Mia Chloe]

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.

[Mr. Magkaisa]

       -        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.

[legend45]

       -        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.

[Crypto Library]

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.

[Madmax789]

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..

[Faisal2202]

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.

[satpol_PP]

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.

[Crypto Library]

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.

[nakmantu99]

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.

[Stuart]

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.

[Crypto Library]

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.