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Question: Would/Do you spend your current bitcoins in stores (or online)?
Yes - 215 (54%)
No - 183 (46%)
Total Voters: 398

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Author Topic: Do you actively spend your bitcoins?  (Read 256541 times)
torrentheaven
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March 12, 2016, 03:33:40 PM
 #1041

No I do not actively spend my bitcoins because I think holding is much better with the market of the bitcoin.
Also due to the halving that is coming I'm not spending them.
LOL Can you not associate it with halving. a lot of people that I see always associate it with halving.
back to the topic. yeah I agree with you sometimes we are very stingy and unwilling to spend bitcoin slightest. I think it's not a problem. even as a form of savings. I rarely spend a bitcoin to buy something Wink


Its always a good to spend your bitcoins, if you are earning it then just spend it , just don't hold it for it to reach to the moon, if you find the price is profitable for you then keep on selling it rather then holding it for a long time.
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March 12, 2016, 04:22:18 PM
 #1042

No I do not actively spend my bitcoins because I think holding is much better with the market of the bitcoin.
Also due to the halving that is coming I'm not spending them.
LOL Can you not associate it with halving. a lot of people that I see always associate it with halving.
back to the topic. yeah I agree with you sometimes we are very stingy and unwilling to spend bitcoin slightest. I think it's not a problem. even as a form of savings. I rarely spend a bitcoin to buy something Wink


Its always a good to spend your bitcoins, if you are earning it then just spend it , just don't hold it for it to reach to the moon, if you find the price is profitable for you then keep on selling it rather then holding it for a long time.
Not always.If you need it for the very basic livelihood then you can fulfill such requirements with the fiat income or a job instead and save most of the bitcoins which might be an asset sometime in future.You wont regret anytime cause you only spent a smaller percentage when it was necessary.
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March 12, 2016, 08:36:44 PM
 #1043

No I do not actively spend my bitcoins because I think holding is much better with the market of the bitcoin.
Also due to the halving that is coming I'm not spending them.
LOL Can you not associate it with halving. a lot of people that I see always associate it with halving.
back to the topic. yeah I agree with you sometimes we are very stingy and unwilling to spend bitcoin slightest. I think it's not a problem. even as a form of savings. I rarely spend a bitcoin to buy something Wink


Its always a good to spend your bitcoins, if you are earning it then just spend it , just don't hold it for it to reach to the moon, if you find the price is profitable for you then keep on selling it rather then holding it for a long time.
Not always.If you need it for the very basic livelihood then you can fulfill such requirements with the fiat income or a job instead and save most of the bitcoins which might be an asset sometime in future.You wont regret anytime cause you only spent a smaller percentage when it was necessary.

Yeah spending in small amount would be good and that also if you need it badly, or lese just hold it for future as it can multiply your wealth if you sell it in future when the price reaches to the maximum level.
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March 12, 2016, 09:02:30 PM
 #1044

Not a lot. For me there are not enough shops i like that accept bitcoin.
I also don't own a lot of bitcoin (at this moment around 0.4 BTC) which i safely stored offline for future usage.

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March 13, 2016, 01:15:28 PM
 #1045

Not a lot. For me there are not enough shops i like that accept bitcoin.
I also don't own a lot of bitcoin (at this moment around 0.4 BTC) which i safely stored offline for future usage.

Yes hold it for next couple of months until the halving as price would be good at that time so don't spend it now, just keep it safe for future as you can sell it when the price is higher.
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March 13, 2016, 01:39:25 PM
 #1046

Not a lot. For me there are not enough shops i like that accept bitcoin.
I also don't own a lot of bitcoin (at this moment around 0.4 BTC) which i safely stored offline for future usage.
this time I'm frugal shopper. so I rarely go shopping with bitcoin. after all there are very few shops that acceptt bitcoin. so I was more often convert to fiat


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March 13, 2016, 01:45:41 PM
 #1047

I don't spend because I don't have enough.
But I would definitely spend if I had lot.

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iqlimasyadiqa
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March 13, 2016, 01:46:55 PM
 #1048

I would never spend my bitcoin. I'll keep it as good as possible. I know the future of bitcoin very nice so make it as an investment is the right choice. bitcoin start saving from now. Do not spend your entire bitcoin for shopping and other delights.  Cheesy

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March 13, 2016, 03:21:56 PM
 #1049

I would never spend my bitcoin. I'll keep it as good as possible. I know the future of bitcoin very nice so make it as an investment is the right choice. bitcoin start saving from now. Do not spend your entire bitcoin for shopping and other delights.  Cheesy

Then what is the use of earning it if you never gonna spend it? If you want that bitcoin price should be higher in future then do no just hold it, keep on spending it and you will find much higher price in future.
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March 13, 2016, 09:49:14 PM
 #1050

I am thinking of spending some bitcoin to buy some graphics cards to do some mining. It is quite profitable to mine Ethereum.
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March 13, 2016, 10:56:47 PM
 #1051

I am thinking of spending some bitcoin to buy some graphics cards to do some mining. It is quite profitable to mine Ethereum.
Where will you buy these cards from ? I do not know any electonic site that has worldwide shipping and accept bitcoin. you may have to exchange your btc to buy them
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March 13, 2016, 11:18:48 PM
 #1052

No I do not actively spend them, I sometimes buy some digital good but that is now and than not very often.
The fact is also that I do not want to do this because I want to hold as much as possible to gain more profit.
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March 13, 2016, 11:34:20 PM
 #1053

to be honest, i dont actively use bitcoin outside my house. i only ever use it to buy stuff online. usually the amazon gift cards from gyft.com
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March 13, 2016, 11:39:17 PM
 #1054

i use bitcoin everywhere i go Wink
i can also use them by my xapo card to make some payments in the supermarket.
bitcoin is just great Wink

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March 14, 2016, 12:34:49 AM
 #1055

to be honest, i dont actively use bitcoin outside my house. i only ever use it to buy stuff online. usually the amazon gift cards from gyft.com


Yes at a moment we can use majority of it only for buying online stuffs as we are not able to find any physical shop that accepts bitcoins as a mode of payment, but thing s will change in future.
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March 14, 2016, 11:11:56 AM
 #1056

Its not smart indeed to do it around this time. There is no reason to do that. And the value is not even that high.
It should be better if you wait a little longer and that you can have some more profit later, that will be good.
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March 14, 2016, 11:30:20 AM
 #1057

I am thinking of spending some bitcoin to buy some graphics cards to do some mining. It is quite profitable to mine Ethereum.
Where will you buy these cards from ? I do not know any electonic site that has worldwide shipping and accept bitcoin. you may have to exchange your btc to buy them

Not necessary to exchange your btc to fiat cuz you can buy some graphics cards on tiger direct with bitcoins Wink

http://www.tigerdirect.com/bitcoin/
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March 14, 2016, 01:55:37 PM
 #1058


for the few places that do accept bitcoin, do you currently spend the coins you hold at any of them?

I know places like www.takeaway.com accept bitcoin and i even heard CEX.co.uk accept bitcoin in stores now too, but does anyone spend the bitcoins they have or do most just onto hold them? (Or gamble them lol)

I wonder if there will ever be any retailers that only accept bitcoin.

if everyone won't buy/sell/use bitcoin, bitcoin would die

personally i like to use bitcoin because very easy to bay with it, not many stores accept it but it's still nice to use it, if everyone would just hold or gamble them, there would be no more bitcoin accepting stores in future
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March 14, 2016, 03:12:10 PM
 #1059

There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.
yeah it becomes a major consideration because we cannot buy small items like toothpaste abroad country via online right. so the only way is convert to fiat


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March 14, 2016, 03:18:32 PM
 #1060

Sometimes I use it but not regularly, mainly using it to invest in liquidity.
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