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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)
Hatuferu
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June 09, 2016, 02:11:48 PM
 #1941

Used to spend 1 year ago. Now accumulate some.
I actually never spend any Bitcoins because in my opinion it is a waist to spend them on food and other stuff. Bitcoins can be worth allot of money in the future so I like to save them.
Good idea, as long as you are not in the crisis you should not touch you bitcoins and let them grow in the future. We just have to trust bitcoins and we are already earning from it, the fact that is has a lot of adopters as time pass by the future is bright for the bitcoins so we need to ride with it.

 
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June 09, 2016, 02:17:22 PM
 #1942

Used to spend 1 year ago. Now accumulate some.
I actually never spend any Bitcoins because in my opinion it is a waist to spend them on food and other stuff. Bitcoins can be worth allot of money in the future so I like to save them.
Good idea, as long as you are not in the crisis you should not touch you bitcoins and let them grow in the future. We just have to trust bitcoins and we are already earning from it, the fact that is has a lot of adopters as time pass by the future is bright for the bitcoins so we need to ride with it.

This is really not safe, it is same like gambling, bitcoin price is unpredictable and we don't even know what will happen next year with bitcoin. Planing to hold bitcoin till halving is right decision. but hold bitcoin for so many year is not a smart move.. I prefer to use bitcoin instead of holding them and take risk with this.   
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June 09, 2016, 02:38:51 PM
 #1943

Still accumulating more bitcoins... h
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June 09, 2016, 02:43:18 PM
 #1944


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.

yes i spend my bitcoins actively, and i spend them pretty often, of course except now when i hold them for halving, but usually i spend like 1 bitcoin each month for many things

because if we wouldn't use bitcoins, there would be no use from them, but now when many stores accepts bitcoins, almost every online store accepts them, i think it's really good to spend them


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June 09, 2016, 03:12:32 PM
 #1945

I dont want to spent my bitcoins because there are allot of people who do and i dont feel that i need to do it. If others spent them i dont need to just waiting for a increasing moment and dont know if im going to sell them on that point maybe in about 20 years.
it was nice to not spend your bitcoin for something that is not important. but I prefer to spend it in a way to exchange it for fiat and save money in the bank. when the high price I would take the opportunity to sell, but if the price is low I will continue to hold for the next few years
As much as I wanted not to spend I really do not have a choice. It is a good thing that I have discovered bitcoin it helps me a lot including my expenses when it comes to work. I actually used them to buy food and pay some fare for me to get to work it was very useful and a big help for me. But if ever I don't have this kind of demand I would definitely save them and then after investment to earn money and so on this will allow me to financially be free and can have a better life in the future. All I have to do is be patient and do the very best that I can.

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June 10, 2016, 03:04:36 AM
 #1946

I dont want to spent my bitcoins because there are allot of people who do and i dont feel that i need to do it. If others spent them i dont need to just waiting for a increasing moment and dont know if im going to sell them on that point maybe in about 20 years.
it was nice to not spend your bitcoin for something that is not important. but I prefer to spend it in a way to exchange it for fiat and save money in the bank. when the high price I would take the opportunity to sell, but if the price is low I will continue to hold for the next few years
As much as I wanted not to spend I really do not have a choice. It is a good thing that I have discovered bitcoin it helps me a lot including my expenses when it comes to work. I actually used them to buy food and pay some fare for me to get to work it was very useful and a big help for me. But if ever I don't have this kind of demand I would definitely save them and then after investment to earn money and so on this will allow me to financially be free and can have a better life in the future. All I have to do is be patient and do the very best that I can.
That is so touching man, I almost cried with your story, but seriously that is just find because in investing you need to invest only what you can afford to lose and as a human we need to prioritize our needs and provide the needs of our family if we have a family already. In the future you can invest for sure without thinking of spending it for your basic needs.

 
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June 10, 2016, 03:14:52 AM
 #1947

i always try to actively spend my bitcoins but i also always hit a brick wall when i want to spend it because there are few places that accept bitcoin and many of these places aren't even selling things that i want so i am stuck with fiat for now.

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June 10, 2016, 03:52:45 AM
 #1948

i always try to actively spend my bitcoins but i also always hit a brick wall when i want to spend it because there are few places that accept bitcoin and many of these places aren't even selling things that i want so i am stuck with fiat for now.

Good for you then since you are not wasting those supposed profit that your bitcoin can give due to an active price fluctuations.

A $1 worth of value in bitcoin is not the same $1 worth in the future.

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June 10, 2016, 04:08:31 AM
 #1949

Unfortunately there aren't many places for me to spend by bitcoins as well so I usually give my coins out to others in loans or put them into moneypot.
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June 10, 2016, 02:10:11 PM
 #1950

No im not, i only spend  my bit coin in topup my mobile the all my bitcoin are stack at my wallet its waiting the right time to sell. I will spend bitcoin if the price will be stable.
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June 10, 2016, 03:05:04 PM
 #1951

I do not spend them actively these days because of the upcoming event from the halving, it will be great and profitable and spending now is because of this not good.
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June 10, 2016, 03:12:05 PM
 #1952

I have spent on ordering online food and on sports bets. I hope to be able to pay at all restaurants soon because I like to eat out. In the meantime I convert my fiat to bitcoin and hold.

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June 10, 2016, 03:28:06 PM
 #1953

I have spent on ordering online food and on sports bets. I hope to be able to pay at all restaurants soon because I like to eat out. In the meantime I convert my fiat to bitcoin and hold.

Online food merchant that accepts bitcoin? What is that local one or globally (processed one)? What site is that?

I just wonder how's the execution of order or system has done since at least they need a confirmation before it take placed.

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June 10, 2016, 03:45:09 PM
 #1954

I dont want to spent my bitcoins because there are allot of people who do and i dont feel that i need to do it. If others spent them i dont need to just waiting for a increasing moment and dont know if im going to sell them on that point maybe in about 20 years.
it was nice to not spend your bitcoin for something that is not important. but I prefer to spend it in a way to exchange it for fiat and save money in the bank. when the high price I would take the opportunity to sell, but if the price is low I will continue to hold for the next few years
As much as I wanted not to spend I really do not have a choice. It is a good thing that I have discovered bitcoin it helps me a lot including my expenses when it comes to work. I actually used them to buy food and pay some fare for me to get to work it was very useful and a big help for me. But if ever I don't have this kind of demand I would definitely save them and then after investment to earn money and so on this will allow me to financially be free and can have a better life in the future. All I have to do is be patient and do the very best that I can.
That is so touching man, I almost cried with your story, but seriously that is just find because in investing you need to invest only what you can afford to lose and as a human we need to prioritize our needs and provide the needs of our family if we have a family already. In the future you can invest for sure without thinking of spending it for your basic needs.
That is so true and how I really spend the earnings that I get from Bitcoin. If only I am given a chance to save them I will because I am also thinking what will happen to me in the future after this. This is also the reason why I survive and have as much time as I can to work on my post so that I will be able to achieve my goal not just in bitcoin but in real life. People may think that I am fine but they do not know what is real inside. I am working on investment in order for my both senior parents to live a financially stable life while I still have time.

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June 10, 2016, 04:41:15 PM
 #1955

I dont want to spent my bitcoins because there are allot of people who do and i dont feel that i need to do it. If others spent them i dont need to just waiting for a increasing moment and dont know if im going to sell them on that point maybe in about 20 years.
it was nice to not spend your bitcoin for something that is not important. but I prefer to spend it in a way to exchange it for fiat and save money in the bank. when the high price I would take the opportunity to sell, but if the price is low I will continue to hold for the next few years
As much as I wanted not to spend I really do not have a choice. It is a good thing that I have discovered bitcoin it helps me a lot including my expenses when it comes to work. I actually used them to buy food and pay some fare for me to get to work it was very useful and a big help for me. But if ever I don't have this kind of demand I would definitely save them and then after investment to earn money and so on this will allow me to financially be free and can have a better life in the future. All I have to do is be patient and do the very best that I can.
That is so touching man, I almost cried with your story, but seriously that is just find because in investing you need to invest only what you can afford to lose and as a human we need to prioritize our needs and provide the needs of our family if we have a family already. In the future you can invest for sure without thinking of spending it for your basic needs.
That is so true and how I really spend the earnings that I get from Bitcoin. If only I am given a chance to save them I will because I am also thinking what will happen to me in the future after this. This is also the reason why I survive and have as much time as I can to work on my post so that I will be able to achieve my goal not just in bitcoin but in real life. People may think that I am fine but they do not know what is real inside. I am working on investment in order for my both senior parents to live a financially stable life while I still have time.
hm good to know that bitcoin is helping you sir , same here its helping a lot to me too . i have been paying rent using bitcoins itself . hope you have good luck with bitcoins .

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June 10, 2016, 04:53:46 PM
 #1956

I am following this strategy to "spend" my bitcoins
(because in my opinion this is not a real expense, but
an investment): I use to trade in forex my fiat money;
when I need to withdraw money my brokers give me
the option to withdraw it in BTC or  doller ; when BTC
is cheaper I whitdraw only BTC, and when BTC is
high, I use to deposit into my trading account a good
amount in bitcoins, this way I do a kind of beneficial
exchange.
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June 10, 2016, 06:21:28 PM
 #1957

No im not, i only spend  my bit coin in topup my mobile the all my bitcoin are stack at my wallet its waiting the right time to sell. I will spend bitcoin if the price will be stable.
Same here bro Cheesy in this moment I also spend my coins only for mobile top up using services like pikko and bitrefill as the price of bitcoin is increasing seamlessly at this moment after when it will hit 800+ I will exchange all of my coins with cash Cheesy


 
 
 
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June 11, 2016, 12:05:32 AM
 #1958

No im not, i only spend  my bit coin in topup my mobile the all my bitcoin are stack at my wallet its waiting the right time to sell. I will spend bitcoin if the price will be stable.
Same here bro Cheesy in this moment I also spend my coins only for mobile top up using services like pikko and bitrefill as the price of bitcoin is increasing seamlessly at this moment after when it will hit 800+ I will exchange all of my coins with cash Cheesy

Spending will be not the best thing that you can do and that is because the value of Bitcoin is rising slowly so that is perfect for people who are holding their Bitcoin.
Because they have maybe the opportunity to sell it and that should be perfect for them if that would be possible for them.
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June 11, 2016, 12:22:47 AM
 #1959

No i'm storing my bitcoin for the incoming bitcoin halving this month of july to earn some more and when i earn money i will use that to spend online Tongue
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June 11, 2016, 01:10:42 AM
 #1960

nah, im spend 60% from my btc to trading alt coins in longterm, and hold the rest because i think the value of bitcoin will be going up again soon.

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