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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 256547 times)
Hatuferu
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July 01, 2016, 05:36:55 AM
 #2301

I have been actively spending bitcoins but since the price started plummeting, I have taken a back seat until it stabilizes.
Yes, same I do too. I earn bitcoins then I spend them very fluently so far but right now due to the price is high I only use and spend them when I am in desperate need of something.
Good move, that should be the way to discipline ourselves. Spend only on things that we badly need or for our basic needs, treat bitcoin like a good that the more you store it in the long period of time you will benefits more.


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July 01, 2016, 05:43:45 AM
 #2302

I could only spend my bitcoin to recharge my mobile or for gambling. not much just that for the time being.

Active usage of bitcoin mostly takes place while placing bets, rather than that I prefer to convert to local currency and use it because of the limited acceptance of bitcoin in mycountry.

I have the same issue. There is no merchants here in our country that accepts bitcoin as payment. So for now, I am converting it to fiat first before I can use it. I hope someday merchants from here also adopt bitcoin as payment so I can easily use it without having to convert first.

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July 01, 2016, 06:25:26 AM
 #2303

I could only spend my bitcoin to recharge my mobile or for gambling. not much just that for the time being.

Active usage of bitcoin mostly takes place while placing bets, rather than that I prefer to convert to local currency and use it because of the limited acceptance of bitcoin in mycountry.

I have the same issue. There is no merchants here in our country that accepts bitcoin as payment. So for now, I am converting it to fiat first before I can use it. I hope someday merchants from here also adopt bitcoin as payment so I can easily use it without having to convert first.
We just need time for that to happen, in the future we will surely see big merchants in our respective country, every year is an improvement of bitcoin and with continues support we can see that benefits and experience it.

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July 01, 2016, 06:43:18 AM
 #2304

Since Steam started accepting BTC, I've bought a game or two with my coins.
But usually I prefer not to spend Bitcoins and use fiat instead.
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July 01, 2016, 09:19:03 AM
 #2305

No i dont spent bitcoins i am holding them to wait when the price of the bitcoin rises up that high i will sell all
of my earned coins to be sure that i booked enough profit.
And on the other hand there are people like me, who are too much dependent on workers under them and hence have to pay them. Actually I have a team who earn together so yeah we spend bitcoins much actively even when price is high.

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July 01, 2016, 10:58:43 AM
 #2306

Since Steam started accepting BTC, I've bought a game or two with my coins.
But usually I prefer not to spend Bitcoins and use fiat instead.

I would say that you should control your spending your bitcoin for buying games on steam. Because if you run out of funds for this halving.
Then you are going to miss the chance of earning as you are holding your bitcoins.

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July 01, 2016, 01:25:25 PM
 #2307

Can't say i have actively spend them but i kept buying more coins on ICO using the btcs I've earned online.
I didn't spend it like cashing out to fiat and buy tangible goods for now. They are just investments that i'm hoping to grow huge.


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July 01, 2016, 02:23:56 PM
 #2308

If it's can be called "spending", yes, i am gambling almost everyday and i am not so lucky but i hope that someday i will win big money anyway.

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July 01, 2016, 02:30:52 PM
 #2309

Since Steam started accepting BTC, I've bought a game or two with my coins.
But usually I prefer not to spend Bitcoins and use fiat instead.

I would say that you should control your spending your bitcoin for buying games on steam. Because if you run out of funds for this halving.
Then you are going to miss the chance of earning as you are holding your bitcoins.

He just try to buy games on steam since that company accepts bitcoin as their mode payment. Also I doubt he will spend all of his coins just to buy games on Steam since he stated that usually he wants to use fiat. But even if that will be the real score, I see no wrong here. It's his coins after all so he can do whatever he want disregarding all price trend that will happen.
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July 01, 2016, 06:18:45 PM
 #2310

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!

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July 01, 2016, 06:29:45 PM
 #2311

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Well this is the trading strategy they are spending some of the bitcoin or sell it to make a profit because they have already a good margin for the price of bitcoin to make a profit for price pump and dump.. and some of them are holding for back up once the price of bitcoin will continues increase...


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praprata
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July 01, 2016, 09:14:14 PM
 #2312

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Well this is the trading strategy they are spending some of the bitcoin or sell it to make a profit because they have already a good margin for the price of bitcoin to make a profit for price pump and dump.. and some of them are holding for back up once the price of bitcoin will continues increase...

And yes that's the sole reason to hold bitcoin at the moment. Let's not pretend it got real usability. Almost everyone who holds bitcoin is looking at the charts more then looking for shops to spend their bitcoin. This is miners included.


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Mvaporis1961
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July 02, 2016, 03:58:32 AM
 #2313

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
Hatuferu
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July 02, 2016, 04:59:21 AM
 #2314

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.


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July 02, 2016, 05:40:52 AM
 #2315

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.
I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.



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boyptc
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July 02, 2016, 06:58:54 AM
 #2316

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.
I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.

I agree, for me it is better to sacrifice first your attitude for being an active spender of bitcoin. Instead, save it for the upcoming halving or any price increase that is going to happen.

stromma44
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Activity: 952
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View Profile
July 02, 2016, 08:04:09 AM
 #2317

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.
I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.

I agree, for me it is better to sacrifice first your attitude for being an active spender of bitcoin. Instead, save it for the upcoming halving or any price increase that is going to happen.

Hold it for halving to earn higher profits, spending is always good but not at this stage, as price will move up in coming days, and that would be the best time to spend.
Zooplus
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July 02, 2016, 08:54:42 AM
 #2318

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.
I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.

I agree, for me it is better to sacrifice first your attitude for being an active spender of bitcoin. Instead, save it for the upcoming halving or any price increase that is going to happen.

Hold it for halving to earn higher profits, spending is always good but not at this stage, as price will move up in coming days, and that would be the best time to spend.
It is good to spend especially when what you are spending is your profit alone and we can only realize that if we invest now and make profit in the short term after the halving, just sacrifice a little and gain good results when the price will hit to the moon again.

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chaosknight
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July 02, 2016, 09:18:39 AM
 #2319

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin
It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!
Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.
That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.
I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.

I agree, for me it is better to sacrifice first your attitude for being an active spender of bitcoin. Instead, save it for the upcoming halving or any price increase that is going to happen.

Hold it for halving to earn higher profits, spending is always good but not at this stage, as price will move up in coming days, and that would be the best time to spend.
It is good to spend especially when what you are spending is your profit alone and we can only realize that if we invest now and make profit in the short term after the halving, just sacrifice a little and gain good results when the price will hit to the moon again.

Investing in bicoin and spending both are different things, investing in bitcoin is always good as you can expect higher profits in long run, but spending now is something playing with profits.
sobsitesearch
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July 02, 2016, 09:21:42 AM
 #2320

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price
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