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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)
harizen
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May 21, 2016, 09:45:59 AM
 #1681

Spending Bitcoins is just becoming easier and easier. There are more an more sites accepting Bitcoin and you can even buy Bitcoin debit cards to make shopping in store really easy.
I agree, with the no. of merchant that is already adopting bitcoins now and with the big help of the gambling industry we can spend our bitcoins anytime we want, the good thing is it is very cheap, fast, easy, and secure so it would really give a huge benefits to the users.

Merchants accepting bitcoin still not that pretty interesting in terms of numbers.

You just noticed that there are more merchants since we are in this forum but if you look at the apple pie, I will assumed it only covers a small percentage as a whole.

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boyptc
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May 21, 2016, 09:49:18 AM
 #1682

In my place, I can do online shopping with the bitcoin. I mainly buy some computer hardware for mining.

So it means that you are actively spending your bitcoins, and you are only some of those aspiring miners there.
Even though mining is conquered by Chinese miners you are able to invest for the computer hardware for mining.
I hope you will get fast return of investment and able to earn daily with mining.

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May 21, 2016, 10:19:35 AM
 #1683

There is no such store in my country. So the only option left with me is to spend my bitcoins on online stores. Also I preferably use third party transactions to purchase things online and to recharge my phone.

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May 21, 2016, 10:21:48 AM
 #1684

There is no such store in my country. So the only option left with me is to spend my bitcoins on online stores. Also I preferably use third party transactions to purchase things online and to recharge my phone.

Yeah that is a major issue at this stage that we can spend it directly, but that also allows us to save our coins for future, but if I am in need of hard cash, I convert it to fiat.
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May 21, 2016, 12:25:03 PM
 #1685

Don't know if there will be/is a store that only accepts bitcoin.
I guess there's the black market if one is to consider that a "store". But no wants to go to jail, right?

I'm from the US and government makes using btc kind of hard. For personal/businesses/anything really. Cause of strict laws,  it's not a cake walk obtain btc. We have to give our btc wallet all our info (id's, address verification, etc). Sure there's local btc, but who wants to pay double the market rate?

Anyways,
I actively spend/move/cash out bitcoin on a daily basis.
Spending wise is usually on btc related goods Tongue

Also holding some also incase market reaches $1000 btc again.. Would triple what I got it for. (hopefully near future)

Cheers

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May 21, 2016, 12:36:43 PM
 #1686

There is no such store in my country. So the only option left with me is to spend my bitcoins on online stores. Also I preferably use third party transactions to purchase things online and to recharge my phone.

Yeah that is a major issue at this stage that we can spend it directly, but that also allows us to save our coins for future, but if I am in need of hard cash, I convert it to fiat.

But we also need to spend your coins to circulate it, and if you are not able to spend it directly then you need to convert it to fiat and then spend, as converting to local currency is no big deal.
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May 21, 2016, 07:28:59 PM
 #1687

Practically living off Bitcoin these days, got 2 BTC debit cards and use them daily

MbitSport
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May 22, 2016, 08:16:54 AM
 #1688

Practically living off Bitcoin these days, got 2 BTC debit cards and use them daily

I haven't posted on the forum for a while, glad to see this thread is still alive, after reading through some of the past posts though, i have decided to make a small edit to the poll by adding "(Or Online) when i originally created the post and wrote stores i did mean either offline or online stores, but realise i should have made that clear as some have wrote things like "There are no stores for me to spend my btc but i do spend them online though"

@Zebedee23, what are the BTC debit cards like? i have recently really been considering getting one as from what i understand they can be used anywhere, however i have read from a few people that sometimes transactions don't go through even if there are enough bitcoins on the card to confirm a purchase and some have had to wait weeks/months to receive cards that they have already pre-loaded with btc.
Its definitely something i want to support, but i don't want to have to put up with any issues come payment time, i just want to pay and go lol


As much as im definitely in the category of people that are waiting for a dramatic price increase, im also a firm believer that bitcoin should be a widely adopted form of currency and i think for that to happen, people need to spend, (wasn't it amazon that said the reason they haven't adopted taking bitcoin payments directly is because "Not enough people use/spend bitcoin" for them to consider taking it as a payment option?)
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May 22, 2016, 09:38:01 AM
 #1689

There is no such store in my country. So the only option left with me is to spend my bitcoins on online stores. Also I preferably use third party transactions to purchase things online and to recharge my phone.
buy items in an online store may be it is a good thing but for the online shop in my country who accept bitcoin almost no any at all and made me choose to shop at online shop overseas. but to send goods from abroad and need not cost more. it is a major problem

JumperX
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May 22, 2016, 09:59:33 AM
 #1690

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.

saiha
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May 22, 2016, 10:49:27 AM
 #1691

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.

That's good to know that you are saving coins for your future, so it means you aren't spending bitcoin actively. Don't worry, soon most of
the transactions will be just by one click away.

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wildan88
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May 22, 2016, 11:22:00 AM
 #1692

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
yes it was good, and more fun to buy something in offline, because bitcoin is still limited to online payment.
I also do the same as you, switch to fiat and then go buy anything.

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saiha
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May 22, 2016, 12:22:16 PM
 #1693

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
yes it was good, and more fun to buy something in offline, because bitcoin is still limited to online payment.
I also do the same as you, switch to fiat and then go buy anything.

Well that's the fact that it is still limited to buy online with bitcoins because still many stores are not yet accepting it as their payment.
But I know it will happen soon that they will adopt bitcoin.

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.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

An0nym0us
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May 22, 2016, 12:29:42 PM
 #1694

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
yes it was good, and more fun to buy something in offline, because bitcoin is still limited to online payment.
I also do the same as you, switch to fiat and then go buy anything.

Well that's the fact that it is still limited to buy online with bitcoins because still many stores are not yet accepting it as their payment.
But I know it will happen soon that they will adopt bitcoin.

Its just a matter of time we will find many online and offline stores that will start accepting bitcoin as a mode of payment, till then hold your coins and save it for future.


 
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harizen
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May 22, 2016, 03:34:47 PM
 #1695


@Zebedee23, what are the BTC debit cards like? i have recently really been considering getting one as from what i understand they can be used anywhere, however i have read from a few people that sometimes transactions don't go through even if there are enough bitcoins on the card to confirm a purchase and some have had to wait weeks/months to receive cards that they have already pre-loaded with btc.
Its definitely something i want to support, but i don't want to have to put up with any issues come payment time, i just want to pay and go

BTC debit card is just like the usual debit card. It is just funded with bitcoin.

One example is Coinsbank (previously Bit-X) (you can click on my signature). For others you may refer here:

https://bitcointalk.org/index.php?topic=1410577.0
https://bitcointalk.org/index.php?topic=1155883.0

Also here in Services Discussion: https://bitcointalk.org/index.php?board=85.0

For more info and to answer all your queries and concern including the one you posted, you may head up directly to the main site of your chosen bitcoin debit card.

Mr.grin
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May 22, 2016, 04:03:20 PM
 #1696

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
yes it was good, and more fun to buy something in offline, because bitcoin is still limited to online payment.
I also do the same as you, switch to fiat and then go buy anything.

Well that's the fact that it is still limited to buy online with bitcoins because still many stores are not yet accepting it as their payment.
But I know it will happen soon that they will adopt bitcoin.

Its just a matter of time we will find many online and offline stores that will start accepting bitcoin as a mode of payment, till then hold your coins and save it for future.
I actively redeem my bitcoin in the form of dollars, but I do not spend it. because I keep some to bitcoin prices rose. I need the bucks to satisfy my needs, and to enjoy the fruits of my hard work


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silentkiller
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May 22, 2016, 04:49:41 PM
 #1697

As of now im limitating myself to spend my bitcoins in any shop cause im waiting for the halving to start .from then i can now use my bitcoins regularly
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May 22, 2016, 06:12:59 PM
 #1698

I immediately convert to USD to avoid volatility. My BTC services are purely about the service I offer and I don't wish to add speculation to that mix. I may speculate someday.

grapevinebitcoin.xyz Buy US Stocks with BTC
lexuz
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May 22, 2016, 07:03:47 PM
 #1699

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
Yeah for now it's better not spend your money if not for important thing because halving is closer so don't miss this moment to get high profit.
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May 22, 2016, 07:30:37 PM
 #1700

Whenever I am in need of money, I sell some of my coins and convert it to my local currency, I haven't purchased anything online yet, as to buy anything fiat can take care off, so saving my coins for future.
Yeah for now it's better not spend your money if not for important thing because halving is closer so don't miss this moment to get high profit.


Exactly we need to save our coins for future as halving will show us some best price of bitcoin so we really should hold it for long time to earn maximum profits.
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