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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 256441 times)
GamingBro
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June 18, 2016, 01:02:55 PM
 #2081

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

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June 18, 2016, 01:55:18 PM
 #2082

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

Well there are different ways to use your bitcoins actively, like spending it online for buying to online shops.
And if you are a trader, you can spend it in trading.

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June 18, 2016, 05:27:13 PM
 #2083

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

Its good that we are not able to spend our coins now as that allows us to save our coins for future and if there is any emergency we can convert it to fiat anytime.
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June 18, 2016, 05:52:42 PM
 #2084

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

Its good that we are not able to spend our coins now as that allows us to save our coins for future and if there is any emergency we can convert it to fiat anytime.

Yes if we were able to spend it many people would have used their coins for purchases and not holding.
Thing is ultimately bitcoin will be used for spending etc.
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June 18, 2016, 06:16:10 PM
 #2085

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

Its good that we are not able to spend our coins now as that allows us to save our coins for future and if there is any emergency we can convert it to fiat anytime.

Yes if we were able to spend it many people would have used their coins for purchases and not holding.
Thing is ultimately bitcoin will be used for spending etc.
If everyone will keep on holding their coins then it will not take price of bitcoin higher in future, we need to spend bitcoins and that is what its meant to.
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June 18, 2016, 08:37:04 PM
 #2086

I am not spending my coins on a daily basis. But at least 2/3 times a month I buy things online.
Sometimes on bitcointalk and sometimes online in the shops that accept bitcoin. So i do spend, but not active.
I spend my bitcoins almost daily, basically in three things : Gambling with bitcoins, in trading with altcoins and for exchanges with other currencies. Can you please tell me shops that accept bitcoins, I am very very curious to know them Smiley and more importantly use them.



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Cyaren
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June 19, 2016, 04:29:00 AM
 #2087

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.
lexuz
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June 19, 2016, 05:52:59 AM
 #2088

I can't use my bitcoins actively cause i don't know where i can do this, usually i am just exchanging my bitcoins into fiat to get something in physical shops.

Its good that we are not able to spend our coins now as that allows us to save our coins for future and if there is any emergency we can convert it to fiat anytime.

Yes if we were able to spend it many people would have used their coins for purchases and not holding.
Thing is ultimately bitcoin will be used for spending etc.
If everyone will keep on holding their coins then it will not take price of bitcoin higher in future, we need to spend bitcoins and that is what its meant to.
For what we spend bitcoin if out in the future bitcoin prices will be very high far from the current price range, I think we should continue to hold bitcoin until it can force the price till touched $ 1,000.
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June 19, 2016, 08:53:28 AM
 #2089

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.

Converting is the solution since it's just the same as doing payment in bitcoin to some physical stores that accepts bitcoin.

Actually many merchants will open of adding bitcoin as one of their payment method if most of the coins are used in the market. Right now the role of bitcoin in most of the cases is investment.

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June 19, 2016, 09:11:51 AM
 #2090

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.

Converting is the solution since it's just the same as doing payment in bitcoin to some physical stores that accepts bitcoin.

Actually many merchants will open of adding bitcoin as one of their payment method if most of the coins are used in the market. Right now the role of bitcoin in most of the cases is investment.
Its true that many merchants are now opening to add bitcoin as a way of payment and the recent we have is the steam community and I hope league of legends shop will adopt too or Garena store.
dezoel
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June 19, 2016, 09:35:02 AM
 #2091

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.

Converting is the solution since it's just the same as doing payment in bitcoin to some physical stores that accepts bitcoin.

Actually many merchants will open of adding bitcoin as one of their payment method if most of the coins are used in the market. Right now the role of bitcoin in most of the cases is investment.

Yeah majority of people are taking it as an investment for the future, as price will go higher in future which can earn them huge profits, and the fact is at a moment we don't find many places where we can spend our coins.
Schuyler
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June 19, 2016, 09:43:28 AM
 #2092

Not as much as I would want to. The options are not as many as possible. There are some options online but I would prefer to buy in physical shops. That is why the only use for it right now is to pay bills online and load my mobile phone.


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June 19, 2016, 10:03:39 AM
 #2093

Not as much as I would want to. The options are not as many as possible. There are some options online but I would prefer to buy in physical shops. That is why the only use for it right now is to pay bills online and load my mobile phone.

Its good not to spend now, better you hold your coins for halving, spend when you see the best price of bitcoin, and if you don't have option to spend then convert it to your local currency.
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June 19, 2016, 10:16:02 AM
 #2094

Not as much as I would want to. The options are not as many as possible. There are some options online but I would prefer to buy in physical shops. That is why the only use for it right now is to pay bills online and load my mobile phone.

Its good not to spend now, better you hold your coins for halving, spend when you see the best price of bitcoin, and if you don't have option to spend then convert it to your local currency.
It is good too to spend it since your letting bitcoin to circulate around rather than selling it which decrease the demand of the coin.
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June 19, 2016, 10:25:29 AM
 #2095

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.

physical vendors are available nowadays for the acceptance of bitcoin but still you can buy physical things with bitcoin from a number of online stores which accept bitcoin as payment, which you can call as the physical use of bitcoin in your life.

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June 19, 2016, 10:27:56 AM
 #2096

I used bitcoin for investments
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June 19, 2016, 10:38:21 AM
 #2097

Definitely do. I invest my bitcoin and spend it sometimes on gift card purchases online. However, I don't spend it in real life simply because there is a lack of vendors in real life.

Would like to see more physical vendors accepting BTC in future.

Converting is the solution since it's just the same as doing payment in bitcoin to some physical stores that accepts bitcoin.

Actually many merchants will open of adding bitcoin as one of their payment method if most of the coins are used in the market. Right now the role of bitcoin in most of the cases is investment.
Its true that many merchants are now opening to add bitcoin as a way of payment what that is recent is the steam community and I hope league of legends shop will adopt too or Garena store.

Are you from Philippines (or I think it will work too outside the country) ? If yes you may use coins.ph exchange. It offers a service where you can use your bitcoin to purchase Garena Shells.

No additional rate. 1:1. Better check it out.

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June 19, 2016, 01:01:18 PM
 #2098

Not as much as I would want to. The options are not as many as possible. There are some options online but I would prefer to buy in physical shops. That is why the only use for it right now is to pay bills online and load my mobile phone.

Its good not to spend now, better you hold your coins for halving, spend when you see the best price of bitcoin, and if you don't have option to spend then convert it to your local currency.
It is good too to spend it since your letting bitcoin to circulate around rather than selling it which decrease the demand of the coin.
If you invest by keeping only your bitcoins then the supply circulation in the market will be lessen and that is what is happening now because people believe that halving will give them a good profit so they are holding their bitcoins, and due to the high demand of supply the price is still increasing.

 
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June 19, 2016, 05:30:34 PM
 #2099

i'm busy earning bitcoin, altcoins and fiat rather than spending them. when i have not too much, it's better like that.

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June 19, 2016, 05:45:25 PM
 #2100

Not as much as I would want to. The options are not as many as possible. There are some options online but I would prefer to buy in physical shops. That is why the only use for it right now is to pay bills online and load my mobile phone.

Its good not to spend now, better you hold your coins for halving, spend when you see the best price of bitcoin, and if you don't have option to spend then convert it to your local currency.
It is good too to spend it since your letting bitcoin to circulate around rather than selling it which decrease the demand of the coin.
If you invest by keeping only your bitcoins then the supply circulation in the market will be lessen and that is what is happening now because people believe that halving will give them a good profit so they are holding their bitcoins, and due to the high demand of supply the price is still increasing.

Halving round the corner no one will prefer to spend their coins, as everyone wants to make profits and I am sure everyone will sell their coins at the time of halving, not before that.
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