defi_whaleFull Member
Posts: 140 · Reputation: 461
#1Dec 10, 2019, 12:34 AM
Alright, so first things first, split your bitcoins into two main categories: one for spending and the other for holding. Basically, the bitcoins you want to save should stay untouched, while the ones you're okay with spending can be used more freely.
When you do spend your bitcoins, focus on things that can boost your productivity or profitability. It's way smarter to hold onto your coins and take advantage of any price increases rather than waste them on stuff that doesn't add value. If you start pouring your bitcoins into less useful things, that could really hurt your net worth and leave you with barely any bitcoins or assets in the end. So, spend wisely on things that can actually grow your assets.
Before you make any purchase with Bitcoin, check for a trustworthy seller nearby. If you can’t find one and need to buy digital products or services, go for a reliable international seller. If you also happen to be selling something for bitcoins, let them know and ask them to buy from you too. The more you consistently buy from them, the more likely they'll remember to return the favor. That’s how we can expand a circular bitcoin economy.
Try to keep most of your bitcoins in self-custody... watch out for centralized exchanges. It's better to trade on decentralized or peer-to-peer platforms because that keeps you safer and helps you be a real bitcoiner.
Lastly, don’t forget to support community projects that aim to push Bitcoin forward. Just make sure you’re backing the good ones with solid foundations.