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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)
fkvidar
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July 14, 2016, 08:59:15 PM
 #2541

Now that it is not moving really that much. Maybe it is time for others to spend it too. You can also try to ask yourselves. What if no one spends a coin and all of us will just let it stuck in our wallet. What do you think will happen?

If everyone keeps holding and don't spend then price will not increase in future, but I think majority of people are spending it on  gambling so bitcoin is circulated and that is a good sign.
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July 14, 2016, 09:01:59 PM
 #2542

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.
i also usually just hold my coins and thats it though i think that i would spend it more often if there were more bitcoins shops around me, that would be really great i think

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July 14, 2016, 09:17:08 PM
 #2543

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.
i also usually just hold my coins and thats it though i think that i would spend it more often if there were more bitcoins shops around me, that would be really great i think

Till the time you don't find any shop to spend  your bitcoin, its better to save it for future as you will be enjoying more benefits when price will be higher in future.
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July 14, 2016, 10:11:27 PM
 #2544

It's very hard to spend bitcoins actively and usefull at the same time cause it's not accepted by many good online shops and and i can't use it offline in my city.
Yeaaa it was bitcoin main problem but soon or later it will solved .
Many merchants will accept bitcoin as payment processor,  it is just the matter of time.
People will realize how easy and useful using bitcoin than use physical currency.

it is the matter of time and the matter of education, the stores in our city do not accept bitcoin and maybe it will take much longer time that they involve in it because most of them are uneducated and they cannot handle the bitcoin system.

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July 14, 2016, 10:16:35 PM
 #2545

It's very hard to spend bitcoins actively and usefull at the same time cause it's not accepted by many good online shops and and i can't use it offline in my city.
Yeaaa it was bitcoin main problem but soon or later it will solved .
Many merchants will accept bitcoin as payment processor,  it is just the matter of time.
People will realize how easy and useful using bitcoin than use physical currency.

it is the matter of time and the matter of education, the stores in our city do not accept bitcoin and maybe it will take much longer time that they involve in it because most of them are uneducated and they cannot handle the bitcoin system.

That problem will always follow bitcoin as you cannot expect illiterate merchants to start accepting bitcoin as they will find it very complicated and will prefer to stay away from it.
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July 14, 2016, 10:20:19 PM
 #2546

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.

It is quite difficult to spend bitcoin in my country. I can only use it in one online shops to buy computer parts.
Unfortunately most of us are spending bitcoin to buy digital goods and even you are a bit lucky that you are able to buy computer parts.



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umaOuma
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July 14, 2016, 10:38:22 PM
 #2547

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.

It is quite difficult to spend bitcoin in my country. I can only use it in one online shops to buy computer parts.
Unfortunately most of us are spending bitcoin to buy digital goods and even you are a bit lucky that you are able to buy computer parts.

Yeah spending bitcoin is limited at a moment as its used only for mobile recharge and for buying digital stuffs, and sometimes I spend it on gambling too.
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July 14, 2016, 10:41:05 PM
 #2548

Now that it is not moving really that much. Maybe it is time for others to spend it too. You can also try to ask yourselves. What if no one spends a coin and all of us will just let it stuck in our wallet. What do you think will happen?

If everyone keeps holding and don't spend then price will not increase in future, but I think majority of people are spending it on  gambling so bitcoin is circulated and that is a good sign.

If everyone will hold then stocks are on hold and less bitcoin are available. And now that less bitcoin is available, there will be more demands. And because there will be more demands but there are less bitcoin available, people will now offer a high price then eventually it will be matched by others for much more of the first price offered.

And for the topic, if people feels to spend their coins just do what they like as it's their coins after all.

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July 14, 2016, 10:46:29 PM
 #2549

Yes, i am using bitcoins almost everyday in steam, i like to make different purchases online but i hate that i can't use my bitcoins in physical shops Angry

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July 14, 2016, 10:59:45 PM
 #2550

I convert it to fiat whenever I feel that price is good for me as spending directly is not possible for me at a moment but majority of coins I am saving for future.
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July 15, 2016, 02:15:40 AM
 #2551

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

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July 15, 2016, 02:32:38 AM
 #2552

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.
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July 15, 2016, 11:51:01 AM
 #2553

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.
In my opinion it is not wise enough to spend bitcoins for our basic needs like daily expenses for food and bills because I always think that the bitcoins I am spending is so precious to buy such, my idea is I trade my bitcoins with some altcoins and spend it a little in gambling to have fun while waiting for for the altcoins to increase its price in a day.

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July 15, 2016, 01:03:26 PM
 #2554

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.
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July 15, 2016, 01:11:41 PM
 #2555

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.
In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

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July 15, 2016, 01:38:44 PM
 #2556

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Me either as of now I'm not an active spender of my bitcoins. Because I'm still waiting for the price increase that is going to happen soon.
And I believe that it is going to happen.
So that I can earn some good profits out of it.

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July 15, 2016, 02:18:44 PM
 #2557

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.
In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

Well agree that is really convenient but it much more convenient if merchants will directly accepts bitcoin as one of their payment method.

But yes in most of the places, since some of the merchants don't accepts btc, people are converting it to fiat before spending it in their desired things.

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July 15, 2016, 02:47:49 PM
 #2558

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.
In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

Well agree that is really convenient but it much more convenient if merchants will directly accepts bitcoin as one of their payment method.

But yes in most of the places, since some of the merchants don't accepts btc, people are converting it to fiat before spending it in their desired things.

If I'm not mistaken there are merchants already that are now accepting bitcoins in directly for the payment of their products and services. But I want to suggest that it is better to stop for a while in actively spending your bitcoins.
And it is better if you are going to hold it for a while.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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Jimbola3
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July 15, 2016, 02:58:55 PM
 #2559

It's very hard to spend bitcoins actively and usefull at the same time cause it's not accepted by many good online shops and and i can't use it offline in my city.
Yeaaa it was bitcoin main problem but soon or later it will solved .
Many merchants will accept bitcoin as payment processor,  it is just the matter of time.
People will realize how easy and useful using bitcoin than use physical currency.

Exactly it will be done in future for sure, and for that we need to have some patience and at a moment we have option of spending it online so we should be satisfied with it.

As of now we are experiencing having hard time to use since the stores are just limited that accepts bitcoin. But don't worry guys, it is going to happen soon that more and more stores are going to accept bitcoins for payment. We just need to wait for that time because as of now they are now in the process of adoption.
Yes shops are going to accept payment in Bitcoins and until then there is no harm in waiting coz the value of btc will always increase.
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July 15, 2016, 04:07:55 PM
 #2560

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

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