Personally i think the more we start to use it the better, taking advamtages of LN.
Obviously is not about selling all you have but looking for opportunities to use it⚡️⚡️
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Personally i think the more we start to use it the better, taking advamtages of LN.
Obviously is not about selling all you have but looking for opportunities to use it⚡️⚡️
Some day you won't have to convert back to fiat shitcoins. Some people already live on a bitcoin standard.
I treat it like money. At this time of my life; I'm trying to save more than I spend. It won't be like that forever
Good to hear that ;-)
I will HODL 90%. Spend 10%.
Not bad, at least we are starting to use it ;-)
I won't stop until I'm hodling all the 21 million coins.
jajajajaja you will need a couple of lives ;-)
It's fine to use it, it's money, and lightning makes it very convenient to use it.
Usually I just buy the same amount of Bitcoin I used (or more) to replace it.
That way I don't lose any sats and I still get the benefits of paying with BTC.
I don't see the point of buying fiat with Bitcoin though, only paying for goods and services.
Exactly, that is the way ;-)
I treat it like money, but I subscribe to Gresham's law, I don't live under a dollar standard so my local currency is depreciating way faster, I use my sats as savings and I spend my South African rands as long as someone is willing to accept it, i realise it's a hot potato and my exposure too it is far too large, having a salary in it, and previous investments like pension funds, so I need to delverage from it, hence my need to save in bitcoin
I do spend it, WHEN it's remarkably cheaper to acquire something but otherwise, its there to be used once I run out of fiat
mmmm, I understand, the faster you spoend your rands the better, the more bitcoin you can save the better ;-)
There is no exit strategy.
-- random dude on the internet (?)
im hoping i wont thats why i worry when the price is pumping like rn 😂 i loved it when it was under 20k. I have always looked at it as savings, i have yet to convince myself to use it to support btc companies locally - so torn!
I will spend it on goods and services.
I will never "sell" it for fiat...
Glad to hear that ;-)
I’m using it as my savings so will use it when and if needed. Break glass in case of emergency sort of thing.
Currently don’t have a problem using a few sats here and there on SN and the likes
Same. Most of my BTC is a savings vehicle, but I don't mind throwing some sats around here on SN and Fountain.
Here is the thing. Bitcoin is at the same time store of value and for small payments let's say up to $200 through lightning.
To put an example, during a month you will pay for coffee, a hamburger, a bottle of wine, you will do micropayments on the internet to listen to podcast or to proof you are a human been, or to tip creators.
Let's say that during the month you spent a total of $500 in Bitcoin. That's good, then you buy $700 worth of Bitcoin, $200 go to your store of value hardware wallet and $500 is to spend over the next month through lightning.
We need to live and if a some point you need to buy a car, you will need to spend your Bitcoin, just don't buy a car or go on a expensive vacation during the bear market!!!
Excelent advice, I think everyone should read this comment ;-)
The bitcoin wallet of the future will make this as simple as a Savings and a Checking account.
Spend and replace
Gresham's law
Save with real money
Spend the shiat currency
I think this meme speaks for it self😂
I don’t plan to sell. Will borrow against it when price is significantly higher and it is less volatile.
Ill ledn it out