Are you spending your Bitcoin?

[NorrisK]

the idea about bitcoin is "saving" not spending..
i always advise people not to hold FIAT for 5-10 years as $10 today may buy 8 loaves of bread, but in 10 years it may not even buy you one.. so spend FIAT and convert excess into bitcoin to hold.

after all a bitcoin in 2010 wouldnt have bought you a crumb of a pizza.. but now just 1bitcoin can buy you 10 large pizza's..

in short:
fiat: inflationary=spend as soon as you get
btc: deflationary= save until it can buy you more thing then its original purchase value

as for what companies do.. such as those that are linked through bitpay.. those conversions do not affect the bitcoin price on the many public exchanges. simply because bitpay do private swaps and funds never touch the public exchanges, thus dont affect public prices

That is a bit over exaggerated.. Even if inflation hits 3%, your fiat doesnt lose 8 times its buying power for food.. I do agree that you may buy only 6 breads in 10 years and that saving is therefore non optimal, unless you can increase your holdings by more than the inflation every year.

[dollarneed]

yeah i was spending my bitcoin for top up my internet conection and even for buying my needs,
but i dont spend all of my bitcoin

[kickflip81]

I spend most of my bitcoin at purse.io or bitcart.io to shop at Amazon

[Derrike]

I spend my Bitcoins to buy bitcointalk accounts to increase my Bitcoin stock.

So yes I'm spending my Bitcoin to increase my Bitcoins.

[Patatas]

Before I do but for now I'm holding it hoping it's price will pump out in the future

[Jace]

I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

Makes an interesting point.  If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.

What do you think?  Will shopping with BTC be good or bad for BTC?

Spending Bitcoins is good. You can compensate the company's dumping of their bitcoins, by buying back the same amount of bitcoins you spent yourself.
 
 

Before I do but for now I'm holding it hoping it's price will pump out in the future

This line of thinking is a mistake. Please let me copy an answer I've mentioned in some other similar topics as well:

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Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:

• 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
  
  or
  
  

• 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.

Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this

Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)

By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.

If you are concerned about the 0.2% exchange fee that this will cost you: think how utterly significant this is when Bitcoin rises a few hundred % in value.

[Pk880058]

I spend my Bitcoins to buy bitcointalk accounts to increase my Bitcoin stock.

So yes I'm spending my Bitcoin to increase my Bitcoins.

Nice strategy man.
I didn't think of this.
I'm also gonna do the same thing.

[afriezalie]

I spend them for my prepaid sim card and steam wallet. But i have plan to exchange my bitcoin to fiat and then buy some new hardwares for my old PC

[franky1]

my rule is to only spend the funds i earned the years before.. that way im always in profit.

i am putting all the funds i earn this year aside and only spend them when in profit.
also i dont spend as much as i earn so it all mounts up.

but the number one rule everyone should follow is
never spend at a loss..

once you follow that, then you can decide how much to spend out of the profitable amounts

[moderntimes]

no. i use it just middle. not of all..
if i spend "example" i dont have bitcoin again in my wallet...
nevertheless just little, i still to leaves it.

[zeraTunerse]

I spend them for my prepaid sim card and steam wallet. But i have plan to exchange my bitcoin to fiat and then buy some new hardwares for my old PC

I do the same, I spend part of my bitcoins and convert it to my fiat currency and spend it on my basic stuffs and day to expenses, and it is really helping in the best way, as the conversion of bitcoin to fiat hardly takes fractions of minutes.