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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)
jeremy grol
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March 15, 2016, 02:47:37 PM
 #1081

Accumulating before halving
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March 15, 2016, 03:04:08 PM
 #1082

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

When it comes to budget friendly product I'd rather not to use bitcoin.

The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.

Note: Don't take seriously my example about $100 price of a single toothpaste.


If anything bitcoin should be spared for higher value ticket items.

Well this is how I do it, and it sounds like you do the same. Yeah, buying toothpaste should be considered using cash.. esp anything under $50 value.

Unless you dont have cash then thats different.

That's why it's a good practice to have a spare of fiat rather than relying on bitcoin itself as a source of buying some misc things etc.

Bitcoin price actively fluctuates everytime rather than fiat so let's take advantage of that.

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March 15, 2016, 04:25:07 PM
 #1083

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

When it comes to budget friendly product I'd rather not to use bitcoin.

The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.

Note: Don't take seriously my example about $100 price of a single toothpaste.


If anything bitcoin should be spared for higher value ticket items.

Well this is how I do it, and it sounds like you do the same. Yeah, buying toothpaste should be considered using cash.. esp anything under $50 value.

Unless you dont have cash then thats different.

That's why it's a good practice to have a spare of fiat rather than relying on bitcoin itself as a source of buying some misc things etc.

Bitcoin price actively fluctuates everytime rather than fiat so let's take advantage of that.
Indeed. it is very good to save your coins. Because the value isnt even that high to sell it.
You would be stupid if you are spending it now these days. Because you wont get much from it.
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March 15, 2016, 06:28:10 PM
 #1084

I spend bitcoins mostly online when I see an item I want and can be bought more easily with bitcoin, not using it regularly to buy items since it's relatively hard to buy bitcoins in my area.

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March 16, 2016, 08:01:05 AM
 #1085

Lately I'm traying to save BTC as much as I can. But before I was spending more. Everything depends how is the price and the market at the moment and how many coins I have in my wallet.

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March 16, 2016, 08:13:22 AM
 #1086

I spend bitcoins mostly online when I see an item I want and can be bought more easily with bitcoin, not using it regularly to buy items since it's relatively hard to buy bitcoins in my area.

Where is your place. I thing 7-11 shops are offering to let bitcoin buyers to buy at their shops. I saw an advertisement of it once. And I think it is really cool for 7-11 to take that huge step.





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March 16, 2016, 08:16:15 AM
 #1087

Its not good to spend it now around this time indeed. Because the value will rise soon because the halving is also coming and that will be especially great.
Of course we dont know what will happen with the halving. But we all hope that the value will rise because of that.
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March 16, 2016, 08:49:12 AM
 #1088

Its not good to spend it now around this time indeed. Because the value will rise soon because the halving is also coming and that will be especially great.
Of course we dont know what will happen with the halving. But we all hope that the value will rise because of that.

Its still good to spend it but not that much,no one really knows what halving will bring to the price of bitcoin.
Only the whales knows that as they control everything.

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March 16, 2016, 10:09:11 AM
 #1089

Not in physical places but use it online allot, If I find something worth it being sold for bitcoin then I buy it for BTC... getting BTC is relatively hard and requires a SEPA transfer so don't prefer using it allot.


 
 
 
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March 16, 2016, 10:18:50 AM
 #1090

Not yet. I will spend it soon I think. Because the value is rising slowly and that will be very good for Bitcoin.
So we must spend it fast otherwise the value will going down again and that will be not good.
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March 16, 2016, 12:03:03 PM
 #1091

As a gambler i always spend my bitcoin everyday. Because i gambling using my bitcoin. And when i lose all my balance, i buy bitcoin with fiat. So yeah, i actively spend my bitcoins.
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March 16, 2016, 03:40:10 PM
 #1092

I spend of course Bitcoin. But not that much. I also save some coins for later in the future that I want to sell it.
I think namely that it will be more worth and that I can sell it later with some huge profit. And that will be so good.
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March 16, 2016, 03:52:54 PM
 #1093

I only spend my coins when needed. Most of my coins are set on trading activities.

And if needed, as much as possible, I only spend small amount of coins to save some of the probably profit that small amount of coins will give.

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March 16, 2016, 06:35:10 PM
 #1094

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.

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March 16, 2016, 07:12:55 PM
 #1095

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.


Indeed having the same issue here in my area, I only spend some bitcoins on the digital goods because that is pretty easy to do.
I do not do this often because I want to hold as much as possible for the halving.
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March 16, 2016, 09:25:13 PM
 #1096

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.


Indeed having the same issue here in my area, I only spend some bitcoins on the digital goods because that is pretty easy to do.
I do not do this often because I want to hold as much as possible for the halving.

Holding till having is the best option available for us as we are expecting much more higher price so its good if we hold it till the halving and sell it when  the price reaches to a next level.
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March 16, 2016, 10:22:47 PM
 #1097

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.


Indeed having the same issue here in my area, I only spend some bitcoins on the digital goods because that is pretty easy to do.
I do not do this often because I want to hold as much as possible for the halving.

Holding till having is the best option available for us as we are expecting much more higher price so its good if we hold it till the halving and sell it when  the price reaches to a next level.

Only holding will not take bitcoin price to next level, keep on spending it and if don't find a place to spend then just gamble with your few coins just for fun.
w4tchd0ggz
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March 16, 2016, 10:48:02 PM
 #1098

I barely have any Bitcoins, but I don't spend that much anyway.
The only things I'll be investing in are:
1. Tradewave (Bitcoin Exchange) https://tradewave.net/
2. Minerfarm (Virtual Mining that's Surprisingly Efficient) http://www.minerfarm.com/

But maybe that's just me.
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March 16, 2016, 10:52:19 PM
 #1099

These days I'm gambling a lot, so I spend my Bitcoin but you can call it investment too. Because I usually win and get back more coins. I only play for the most possible (guaranteed) bets. If I need something digital I'd use my Bitcoin to buy too.

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March 16, 2016, 10:57:16 PM
 #1100

These days I'm gambling a lot, so I spend my Bitcoin but you can call it investment too. Because I usually win and get back more coins. I only play for the most possible (guaranteed) bets. If I need something digital I'd use my Bitcoin to buy too.

Yeah that's good to hear that your are spending your coins, as majority of them are just holding till halving as they are expecting higher price by that time.
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