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⚡️⚡️
343 sats \ 1 reply \ @TomApollo 4 Nov 2022
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
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
Good to hear that ;-)
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162 sats \ 1 reply \ @nullama 4 Nov 2022
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.
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
Exactly, that is the way ;-)
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174 sats \ 1 reply \ @tomlaies 4 Nov 2022
I will spend it on goods and services.
I will never "sell" it for fiat...
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
Glad to hear that ;-)
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211 sats \ 1 reply \ @godlikeXi 4 Nov 2022
I will HODL 90%. Spend 10%.
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10 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
Not bad, at least we are starting to use it ;-)
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146 sats \ 2 replies \ @Hermit 4 Nov 2022
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!!!
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10 sats \ 0 replies \ @thrown 5 Nov 2022
The bitcoin wallet of the future will make this as simple as a Savings and a Checking account.
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
Excelent advice, I think everyone should read this comment ;-)
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174 sats \ 0 replies \ @OhStencilTarps 4 Nov 2022
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!
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174 sats \ 1 reply \ @User21000000 4 Nov 2022
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
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0 sats \ 0 replies \ @brxyz 5 Nov 2022
Same. Most of my BTC is a savings vehicle, but I don't mind throwing some sats around here on SN and Fountain.
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164 sats \ 1 reply \ @sommerfeld 4 Nov 2022
I won't stop until I'm hodling all the 21 million coins.
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
jajajajaja you will need a couple of lives ;-)
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164 sats \ 1 reply \ @Atreus 4 Nov 2022
There is no exit strategy.
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1 sat \ 0 replies \ @ek 5 Nov 2022
-- random dude on the internet (?)
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20 sats \ 0 replies \ @21m 5 Nov 2022
Spend and replace
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0 sats \ 0 replies \ @Hermit 4 Nov 2022
I think this meme speaks for it self😂
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30 sats \ 1 reply \ @TheBTCManual 5 Nov 2022
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
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0 sats \ 0 replies \ @banqu3ro OP 6 Nov 2022
mmmm, I understand, the faster you spoend your rands the better, the more bitcoin you can save the better ;-)
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20 sats \ 0 replies \ @Brunswick 5 Nov 2022
Gresham's law
Save with real money
Spend the shiat currency
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0 sats \ 0 replies \ @Cornleone 6 Nov 2022
Some day you won't have to convert back to fiat shitcoins. Some people already live on a bitcoin standard.
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0 sats \ 0 replies \ @grayruby 5 Nov 2022
I don’t plan to sell. Will borrow against it when price is significantly higher and it is less volatile.
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0 sats \ 0 replies \ @phamtruax 5 Nov 2022
Ill ledn it out
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