Bitcoin Forum

I have a confession to make: I still have to buy anything online using my Bitcoin. Of course, I am not including the coins/tokens I bought during their ICOs. Except for that, I have not used my Bitcoin for anything because I am actually treating Bitcoin as a way for me to save rather than a currency to spend.

In other words, I am also a speculator just like most of us here. We want to hold on to the Bitcoin we have as much as possible because even if there are times when Bitcoin can dip in value the overall trend is going up. Right now, there is a retreat in the value of Bitcoin but it is just gathering some inertia before jumping into a higher wall.

Are you a speculator or a spender?

Just keeping a part of my savings in btc. It is not a real speculation and at the same time I hardly spend it.
If you want to spend your btc then try to look thru the deep web, sometimes you cand find something interesting (and legal) there. Also I've heared that dell is giving discounts if you buy smth for btc.

Both, spend some and hodl some. I have needs that cannot wait for bitcoin to reach above 10K so I have to spend or convert to fiat. But those I can save, I hodl for long term.

I used to spend my bitcoin alot back in the day when bitcoin was still around the $1000-$1500 mark, whereas I would use my bitcoin to pay for proxies/VPNs, and occasionally some Steam games,  all those digital stuff as I don't trust other sites enough(besides Steam) to enter my credit card info. As of now it's pretty much just pure speculation and investing, and sometimes trading in and out of other cryptocurrency coins as I'm not willing to pay for $10-$15 stuff online with around $3 fees. I'm not seeing myself using bitcoin for payment again soon, unless this scaling issue gets fixed once and for all.

I suggest you spend some and hold on some as the overall trend is going up. May be some day later you can get a higher in value. ;D

I am a  holder of coins. I don't earn much of them, but think that the potential of bitcoin is really high, and it will reach definitely high value until it stabilizes. But yes, whenever I need something I might aswell buy it with BTC, or buy a gift card with BTC and then do my shopping online.

I've never been shopping for something using bitcoin. I use bitcoin to invest. If any information about shopping using bitcoin and profitable for me, then I will use it for the appropriate purposes. ;D ;D

I don't spend, no. I am a hodler   ;) Saving my coins for the big day

Im still earning a bitcoin for now becuase to be honest im still a newbir here so i hope to get a ot of bitcoin someday but for now if i get btc i will hold it becausr i know bitcoin have a potential to increase.

Same here, I'm more of a speculator  and hoarder of bitcoins rather than spending them. Although there are times I would convert my altcoins to bitcoin for my daily needs but I only withdraw them very often. Like in a month I would probably withdraw them around once or twice, if my daughter also need something from school that's the time I withdraw my converted altcoins.

Ofcourse yes you can buy anything by using this but for me first i will  convert it into real money to buy anything like my friend he buys anything that he want becase he have a lot of bitcoin as far as now.

Isn't that how its suppose to be? After earning i tend to spend the profited amount leaving my original money still in a wallet while converting others to fiat cash. I would say i am spender but the money i invested would not be touched until there had been enough earnings. I do agree that most of us here are speculators waiting and hording until its the right time to sell.

most of us here may withhold the bitcoin and be made as an investment, just like me too, I do not really use my bitcoin for pleasure, because the trend now is the investment trend .. ;D

On me, i'm actually more lead to speculator than i often spending Bitcoin that i have, cause often i waiting for the price leads at altitude and keep holding of it and sometimes i collect within a month and then i spend some bitcoin i have after selling it to local currency for buying something that i needs.

Don't feel bad about it, for starters.

I have bought one thing, about 4 years ago now, online, using Bitcoin. Nowadays I am being more of a speculator and doing the same kinds of things most people are probably doing with their Bitcoin on exchanges, and I am relatively comfortable with that kind of style and performance within the marketplace and community. There isn't really anything that I really want to buy these days, so why not make the most out of what I have available to me?

I always tend to hold just use spare for alt trading as I seen a lots of potential that bitcoin value will rise up but sometimes I also needed to sell some of it
just to filled up what I need, bitcoin as of now help me to pay some of bills because our local exchange have this features.

the same as me, i will rather save for now my bitcoin than to spend, im really  expecting that bitcoin and its value will go up. but ofcourse if something will show up and i really need to buy it and well bitcoin will be the least priority for my finance, for now i would go trading and make some profit on it and see what's the future have for me. :)

This has been the trend i am seeing from the last 2 years, People are now becoming speculators,  instead of being spenders, For me personally I have just used bitcoin once this year for payment purposes, This used to be quite higher back in 2014,  I think this is also one of the major reason why bitcoin price has jumped up, because people are spending less and saving more. I strongly agree with you about the payment fees, We need the lightning network implemented asap or less this trend of saving bitcoins will just continue.

I am just a starter so will start earning soon
 
once income comes soon spending will start

Unfortunately I have to spend all my bitcoin earnings since I started collecting bitcoin wayback 2014 for a living of course paying bills and using as a capital into a small business yes you heard it right instead of holding my hard earned btc before I used it to make a small business and until now its pretty growing I might not holding many btc but I never regret spending it into small family business because Im earning enough money from btc and for now Im slowly earning btc again from bitcoin/altcoin trading and hold some profits if not needed.    

I'm a speculator not a spender. And I guess that about everyone here is a speculator. This is why people ask if bitcoin is real money, this is why bitcoin price has not gone up to 10000 in this bubble. Because poeple tend to speculate it for other assests, instead of buying goods with it. If this trend continues the bitcoin price will not go towards 1 million as it was intially intended by its creator (Satoshi Nakamoto). Bitcoin was made to buy goods with it, to make easier transactions, now for poeple to speculate it.

I just use my bitcoin for good use and do more hodl. because I have the same thoughts as you, prefer bitcoin and do not use it for useless things.

Wise opinion, I think the main function of bitcoin is for long term investment so if we use now then we will regret later because of the more expensive price, better keep bitcoin and feel the profit in the future.

OP I suggest convert your bitcoin and you withdraw it as of now I see bitcoin dropping Basing on my point of view I see that bitcoin is really dropping so if you want to go with my idea widraw it.

I am both speculator and spender, you are not using bitcoin to buy because maybe you have not found the marketplace where because is being used you are a filipino and coins.ph which accept bitcoin has a lot of merchant partners where you can use coins.ph so try to explore coins.ph.

Many people use bitcoin for various purposes.
They are buying bitcoin to online work of the investment and trading site.
Again they use bitcoin for online Shopping.
But I'm bitcoin buying only for trading work.

i must say that im a spender but not totally because i speculate for what can be next that would be happen. spender because this is where my family needs came from and also im doing too like yours exchange it to cash but not all for what left i always add some here for someday it will grow more. because after spending it after i got my needs do i say that im a speculator too.

I am speculator due to invested my money in bitcoin and other digital coins, actually there are no off line stores which accept bitcoin for payment method daily on my local area, except online store. But slow or fast in my speculation the off line stores will accept the bitcoin for my transaction, although it will needs long time until happen based on the internet users starting growth on here, it is just about the time to spend my bitcoin.

I suggest the same to everyone. If a person is not in a deadly need of money, he must not waste bitcoins on buying regular stuff that he can buy using fiat also. Bitcoin price will definitely double in a month or two so it is better to hold on this coin for as long as possible. This way, we can get really huge profits and make a luxurious future. However, if someone has no other income source, he must use his bitcoins.

I also treat Bitcoin as my savings and never did I spent it to buy something other than trading. Also, it is a good way to save Bitcoin since we know that in the long run that it will value more than what it is now. If what you call with us is a speculator then I am. I don't spend it as long as it is badly needed.

Me also, my earning in bitcoin was always saved in my trusted online wallet because i know that bitcoin value will be increase in the future, but when my salary was not enough for our expenses then that is the time i spend some of my bitcoin.
Also for now i cant used bitcoin to buy directly the thing i need because bitcoin is not yet fully adopted in my country that is why for now i just keep on collecting for the family of my future.

Same here,  spend some and hold some but i am not a spender, I like bitcoin to be my investment so I want to hold it but there were times that we need money for important thibgs , that's the time I spent few .

I used to spend any Bitcoin I got in my hands, back in the days where the price was at $400. Didn't know much then and spent it like it was free money (I used to make quite a large amount of BTC with faucets and similar sites back then). I don't need to tell you how much I regret doing that. Not to mention that I kept exchanging the rest BTC I didn't spend into fiat currency with Paypal.

Well, I got my lesson, I'm not going to spend even the slightest bit again.

I am a SPENDER  ;D actually every earnings I get from signature campaign were spent and use to my monthly expenses but I won't regret that because the reason why I do bitcoin is to have additional income to support my finances and that is happening now, bitcoin helps me a lot. maybe in future time if I became financially independent I would to keep my bitcoin as a sort of investment for my future.

You're correct senior and the dump in price which happened to bitcoin was because of the situation which happened in China. Once the situation is under control bitcoin will pump back so I don't see any reason in spending bitcoin as if it was fiat.

I use bitcoin all the time for both buying and selling. I don't plan on selling BTCs for fiats, though I hope that the buying power of a single bitcoin rises. I think of bitcoin as independent of fiat, not as "I am going to save these bitcoins so I can sell them for dollars later!" Seeing BTC as a mere speculative stock type of deal really undermines its power.

I see money as energy. I see money as a tool. I donate BTC to organizations I support without jeopardizing myself by association, and I pay for subscriptions and services (like email) with bitcoin. I've convinced a few friends from other countries about BTC so I can send them money without most of the cash being eaten up by fees. Even if the value of BTC will skyrocket in the future, I am okay with other companies or people having the BTC I pay them because I believe in whatever product or cause they are selling. I see the BTC I give them as energy that replicates itself, and the BTC I get from others, I see it as energy that replicates itself.

I don't see the point in holding bitcoin just for the sake of it. You don't save and invest money just for the sake of having a lot, you do it with a purpose in mind, to spend it. You might've arrived to bitcoins with the purpose to pump n dump and make your money, but hopefully you'll get to harness its real power. Save your money, but go ahead and spend SOME of it to keep the economy running, and don't forget to get paid in BTC as well. That's where the real value of BTC lies anyway.

Right now I'm more of a holder but I do like to gamble on casino and sports bets, so although that is not the same as buying things on a store, it still counts as spending bitcoins I guess. I confess I don't really like to spend bitcoin, because of what you said, but we think that maybe we must spend a little from time to time, because if we don't, then bitcoin will never be a real alternative to fiat.

Don't feel bad, I haven't purchased anything besides other alt coins with Bitcoins. I'm mostly a speculator and will probably be for the foreseeable future unless its for a hardware wallet. As some have mentioned there are issues with large fees, which probably holds a lot of people such as myself back from spending. However I think the price will go up to new heights, and when I accumulate more and when Bitcoin becomes more adopted by the general public then maybe I'll use it to buy items.

I prefer to keep my very small number of bitcoins in peace. There is every reason to believe that bitcoin is a very profitable investment in the long run. In addition, in order to sell and buy a crypto currency, you need to have an analytical mind and skills to make it profitable. I'm new to this sphere, and I do not want to risk it. Meanwhile, the bikoin slowly but surely grows. So I think I'm doing it right.

I do not think that now it makes sense to buy products and things for bitcoins. I see the most profitable prospects in its storage in the long term, or at least sell and buy it during the growth and fall of the price. Although, if you have many bitcoins, you have nothing to worry about. But still, I think bitcoin is able to give you a lot more if you keep it for future time.

I am both speculator and spender. The most things that i want using Bitcoin is a gaming rig or computer gaming rig so i can play anything that i want in computer also i want to saves money or invest money in bitcoin for my future. Spending and speculating is the best thing to do with your Bitcoin. That was your money so its ok to spend it to things you need and want to buy but save some money for your future.

I am both of that
I will spend a little bit to all my needs for everyday and especially tonpay my tuition fee
and also looking in oportunity to hold and earn profit to save me in case I need an emergency money
bitcoin can save me from poverty and I admit it. bitcoin is very helpful for me now and using it every day
exchanging little and saving lots in my wallet

My suggestion are speculation is risk and harmful to Bitcoin. Because this is almost gambling. Most traders are not involved in gambling. But investing is the best choice in traders. I prefer also investment is the much good. This have only small profit for traders and it will continuous gain in Bitcoin. So investment is the knowledge and constant benefit for traders. But speculation is only luck for traders.

For me i can say both. Especially during my early days of earning btc. I probably spent around more than 2 full bitcoins already when it wasn't as expensive as today. Though right now i've realized that mistake and am holding on as much as possible without spending.

I Still Have to Buy Anything Using Bitcoin because  I  want to hold on to the Bitcoin we have as much as possible because even if there are times when Bitcoin can dip in value the overall trend is going up. Just now, there is a retreat in the value of Bitcoin but it is just gathering some inertia before jumping into a higher wall. It is essential for e to buy anything using bitcoin.