Should i use disavow tool or not?

I am running a website for past 1 year, built only quality backlinks, nothing spammy, but 2 months back one competitor starting blasting my website with thousands of spammy backlinks. Right now my website has around 44000 spammy backlinks which my competitor built (They used "Webpage" as anchor for most of these links). It will hardly take my 1 day to disavow all of them but i am wondering if i should use it? or google is smart enough to just avoid these backlinks?

This is a quality ecommerce website , not spammy affiliate product website...

No penalty or any message in google webmaster tools till now, I do not see any ranking drop as well, but wondering if that can happen when it is manually reviewed by someone in google...

Need suggestion from experienced members on what to do in this situation,

You take 1 year to build a quality website and then some competitor can ruin it by just buying $5 negative seo gig? I am sure google is aware of such issue and do not penalize quality ecommerce sites with such negative tactics.

Tough one. It's true, those spammy links might not have any effect, but it's better to be safe than sorry. I don't care what others say, Google made that tool for a reason and would be perfectly suited for what you've described. I've used it before and have never seen negative effects.

Disavow them and you will have done your part.

I would defiantly disavow the links! It can't hurt to do so but it can to not!

leena said:

Need suggestion from experienced members

Click to expand...

I don't have experience on this situation. but i would like to share my thoughts,

Don't wait until the warning comes. Disavow those links quickly.

I hope you return the same to your competitor as well.

Thanks for the suggestions, any more personal experiences?

You don't have any penalty yet but you could have one tomorrow.
You should disavow them to clean your links profil.