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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 256540 times)
saiha
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July 08, 2016, 11:06:11 AM
 #2441

i continuously use my btc paying my expenses like electric and phone bills, the earning i'm getting from my campaign and some some my trading automatically been paid my bills.

Spending bitcoin is a real fun to me, as I spend it on skype recharge and mobile top up, and if I am in need of money then I sell my coins and convert  it to my local currency.

I would say that you should limit your active spending today as the halving is going to take effect after tomorrow.
For sure there is going to have changes once it happen.
And after getting some profits out of the price increase then you can go back in active spending.

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umaOuma
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July 08, 2016, 12:24:23 PM
 #2442

i continuously use my btc paying my expenses like electric and phone bills, the earning i'm getting from my campaign and some some my trading automatically been paid my bills.

Spending bitcoin is a real fun to me, as I spend it on skype recharge and mobile top up, and if I am in need of money then I sell my coins and convert  it to my local currency.

I would say that you should limit your active spending today as the halving is going to take effect after tomorrow.
For sure there is going to have changes once it happen.
And after getting some profits out of the price increase then you can go back in active spending.

Yeah its better to continue with active spending once the halving is done, there is no indication that price will go higher at halving, but now we are so near to it so can afford to wait for next few hours.
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July 08, 2016, 12:42:40 PM
 #2443

i continuously use my btc paying my expenses like electric and phone bills, the earning i'm getting from my campaign and some some my trading automatically been paid my bills.

Spending bitcoin is a real fun to me, as I spend it on skype recharge and mobile top up, and if I am in need of money then I sell my coins and convert  it to my local currency.

I would say that you should limit your active spending today as the halving is going to take effect after tomorrow.
For sure there is going to have changes once it happen.
And after getting some profits out of the price increase then you can go back in active spending.

Yeah its better to continue with active spending once the halving is done, there is no indication that price will go higher at halving, but now we are so near to it so can afford to wait for next few hours.

It is really recommended to stop spending actively today. But it is going to depend on how do you need bitcoin really.
But my suggestion if there is no need to use bitcoin actively then you just need to save it for halving.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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July 08, 2016, 04:17:08 PM
 #2444



It is really recommended to stop spending actively today. But it is going to depend on how do you need bitcoin really.
But my suggestion if there is no need to use bitcoin actively then you just need to save it for halving.

On the other hand, why you will spend if there's nothing you will spend of? Spending coins is not wrong if you really want to use it for anything or something.

If you don't need it for now then save it and let it sleep.

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July 08, 2016, 04:34:18 PM
 #2445



It is really recommended to stop spending actively today. But it is going to depend on how do you need bitcoin really.
But my suggestion if there is no need to use bitcoin actively then you just need to save it for halving.

On the other hand, why you will spend if there's nothing you will spend of? Spending coins is not wrong if you really want to use it for anything or something.

If you don't need it for now then save it and let it sleep.

I think spending is essential to take price of bitcoin to a higher level in future, only saving or holding will not be good if we want to see some best price of bitcoin.


 
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July 09, 2016, 07:52:33 AM
 #2446

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.
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July 09, 2016, 08:19:06 AM
 #2447

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.
You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.

 
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July 09, 2016, 09:23:34 AM
 #2448

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.
You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.

I spent my bitcoin whenever I need to buy things online and if the online shop accepts the bitcoin. Then I will buy back the coins.
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July 09, 2016, 10:44:38 AM
 #2449

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.
You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.
Yeah that's right we need to set a specific price which we need to wait to sell our coins because if we didn't set a goal for the price we were just waiting like we see the price is $800 but we don't have a goal and we just keep waiting and the bad things happen like panic selling happens and that $800 price fall to $400. That is one of the disadvantage of just waiting without a target price.

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July 09, 2016, 10:55:18 AM
 #2450

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.
You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.

I spent my bitcoin whenever I need to buy things online and if the online shop accepts the bitcoin. Then I will buy back the coins.

I don't know if I'm going to spend actively bitcoins again as the halving is already happening today.
I'm still waiting for the price increase after it before spend actively again.



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.BITVEST DICE.
HAS BEEN RELEASED!


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blackmachinegun
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July 09, 2016, 10:57:57 AM
 #2451

I try to not spend any Bitcoins because it is not that handy, they are worth allot of money and spending them is dumb if you can make money with them.
If you want to spend then just spend cash but not Bitcoin.
But it is not bad to spend some of bitcoins since circulating bitcoin is useful for bitcoin itself.
yeah I think it's okay to spend some satoshi only it will not make you loss dude. I spend as usual to buy top-ups phone and so
on with bitcoin and it needs me I'm not counting the expenses. although halving will come it does not make me anxious to spending

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July 09, 2016, 11:05:39 AM
 #2452

Right now most users were holding bitcoin than spending effectively just with the hope of earning good by today's holding. Once again from tomorrow users starts spending if nothing high happens.

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July 09, 2016, 11:10:19 AM
 #2453

I try to not spend any Bitcoins because it is not that handy, they are worth allot of money and spending them is dumb if you can make money with them.
If you want to spend then just spend cash but not Bitcoin.
But it is not bad to spend some of bitcoins since circulating bitcoin is useful for bitcoin itself.
yeah I think it's okay to spend some satoshi only it will not make you loss dude. I spend as usual to buy top-ups phone and so
on with bitcoin and it needs me I'm not counting the expenses. although halving will come it does not make me anxious to spending


If you are going to spend some of your satoshis I think that is fine at all and it is not going to take any effect from you.
But of course if your most priority is that you are going to save a lot of bitcoins for holding it and wait for the effect of the halving.



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hermanhs09
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July 09, 2016, 03:12:04 PM
 #2454

Right now most users were holding bitcoin than spending effectively just with the hope of earning good by today's holding. Once again from tomorrow users starts spending if nothing high happens.
you are hundred percent right sir,we have seen a volume getting lower and lower (in bitcoin)
just before halving,it means people hold their coins to sell them after halving (when price rises)

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July 09, 2016, 03:25:17 PM
 #2455

No, I don't really spend bitcoins as of now as I am accumulating the coins through investment point of view. Some major reasons are

1) Low Balance -
I don't have much quantity as as of now so spending is not a good practice for me.

2) Time consuming -
My wallet takes long time to send or receive coins so it's too much slow when compared to my bank account or debit card or even virtual credit card.

3) Options -
As there are many other options available so I don't have to use my bitcoins.

Yes I am aware that spending makes economy strong and active and thus I will try to spend BTC as secondary option after some period, till then I am accumulating it.


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July 09, 2016, 05:24:58 PM
 #2456

Right now most users were holding bitcoin than spending effectively just with the hope of earning good by today's holding. Once again from tomorrow users starts spending if nothing high happens.
you are hundred percent right sir,we have seen a volume getting lower and lower (in bitcoin)
just before halving,it means people hold their coins to sell them after halving (when price rises)

Already spending mine actively since 2014,  and i don't have bitcoin in my arsenal Lol.  All are put into some investment in ICO, some in trading altcoin and most of it spending online.  I can't think of my Bitcoin being idle in my stash, coz I believe, the more movement of your Bitcoin to profit generating stuff, the more Bitcoin comes back to you.

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July 09, 2016, 05:38:22 PM
 #2457

well in India peoples are only using it for trading gambling or paying for recharges online nothing more than that
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July 09, 2016, 06:17:23 PM
 #2458

well in India peoples are only using it for trading gambling or paying for recharges online nothing more than that
I guess it does not spend a bitcoin trading, but it is trying to reproduce bitcoin. I myself like to play trading, but this time I did not play it because I was busy. so this time I was not active in spending my bitcoin, but I just kept it, and I might sell it when the price rises bitcoin


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valta4065
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July 09, 2016, 07:04:48 PM
 #2459

Lol!
I'd spend it if I'd knew where ^^
To spend my btc I first sell it for cash, then I spend it!


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July 09, 2016, 07:19:56 PM
 #2460

Lol!
I'd spend it if I'd knew where ^^
To spend my btc I first sell it for cash, then I spend it!

I do not sell bitcoin for cash. I just use it directly. It will help the circulation of the coin and help adoption.

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