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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 256916 times)
serjent05
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July 15, 2016, 05:44:40 PM
 #2561

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.

I think otherwise Cheesy, but well, bitcoin value depends on people on how they  look at them.  For me Bitcoin is just a medium or tool like money to use in order to achieve what you are planning in your financial life.  I don't consider Bitcoin as gold though it's mining calculation resembles on how gold is mine, it's that there can be alternative for bitcoin and you can find it anytime or create it anytime.


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July 16, 2016, 07:06:31 AM
 #2562

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.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.

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July 16, 2016, 07:37:34 AM
 #2563

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.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.
Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

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July 17, 2016, 09:25:32 AM
 #2564

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.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.
Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

Online transaction is quite good. I can buy some computer components with the bitcoin. It is quite easy.

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July 17, 2016, 11:48:36 AM
 #2565

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.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.
Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

Online transaction is quite good. I can buy some computer components with the bitcoin. It is quite easy.
That depends on your decision because it is your bitcoin anyway, but I would suggest you have to be very cautious on spend spending your precious bitcoins because you have no idea the future value of what you are spending.

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July 17, 2016, 12:43:21 PM
 #2566

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

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July 17, 2016, 01:25:20 PM
 #2567

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.
That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

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July 18, 2016, 08:01:07 AM
 #2568

I decided to put my money where my mouth is, almost literally lol, i just ordered a pizza and paid using bitcoin.

I do feel an itch to replace the bitcoin i just spent though lol


In the past I used to spend Bitcoin allot but that has changed because they are getting harder and harder to get these days.
If you want to buy something try to use cash or credit first before you ar going to spend Bitcoin.
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July 18, 2016, 11:05:51 AM
 #2569

I decided to put my money where my mouth is, almost literally lol, i just ordered a pizza and paid using bitcoin.

I do feel an itch to replace the bitcoin i just spent though lol


In the past I used to spend Bitcoin allot but that has changed because they are getting harder and harder to get these days.
If you want to buy something try to use cash or credit first before you ar going to spend Bitcoin.

Bitcoin do really getting harder nowadays since the halving event is affecting the fee of the miners and make the value to increase. That's why I'm thinking to hold atleast 1 btc because I will believe it will give me a good profit soon.
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July 18, 2016, 11:21:55 AM
 #2570

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.
That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.

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July 18, 2016, 12:22:18 PM
 #2571

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.
That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.
And the best thing is after you send your payment you can easily see at the public ledger your transaction and that makes you comfortable which gives you assurance that your transaction is transparent.

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July 18, 2016, 12:26:14 PM
 #2572

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.
That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.
And the best thing is after you send your payment you can easily see at the public ledger your transaction and that makes you comfortable which gives you assurance that your transaction is transparent.

Bitcoin transactions are transparent for sure and above all the credits are instant which makes bitcoin unique from other payment systems.
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July 18, 2016, 03:00:23 PM
 #2573

I spend some bitcoin to buy things on line. But there are not much I can buy by using the bitcoin at the moment.

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July 18, 2016, 03:19:41 PM
 #2574

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.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.
That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.
And the best thing is after you send your payment you can easily see at the public ledger your transaction and that makes you comfortable which gives you assurance that your transaction is transparent.

Bitcoin transactions are transparent for sure and above all the credits are instant which makes bitcoin unique from other payment systems.

It's great that the one doing the confirmation in every transaction we made is the miners that will surely not gonna fool the transaction we process since they benefit from it too. There is also another reason why I want it, the government can't control it.
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July 18, 2016, 03:51:34 PM
 #2575

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Its always good to spend coins once you have them as that is the reason we are earning it, we should use it as a currency for the better and higher price in future.
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July 18, 2016, 03:52:07 PM
 #2576

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Its always good to spend coins once you have them as that is the reason we are earning it, we should use it as a currency for the better and higher price in future.

I just spend my bitcoins for my monthly internet bills and pay rent for my house.. But some of them is in my cold storage and save more bitcoins into it. So that if the price is increase or double i will sell all my coins to make lots of profit in future.


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umaOuma
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July 18, 2016, 04:19:11 PM
 #2577

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Its always good to spend coins once you have them as that is the reason we are earning it, we should use it as a currency for the better and higher price in future.

I just spend my bitcoins for my monthly internet bills and pay rent for my house.. But some of them is in my cold storage and save more bitcoins into it. So that if the price is increase or double i will sell all my coins to make lots of profit in future.

Yeah saving and spending should go hand in hand, as everyone is investing to earn some profits from it, so when you see higher price you should sell rather then  just holding it.
serjent05
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July 18, 2016, 05:30:56 PM
 #2578

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Its always good to spend coins once you have them as that is the reason we are earning it, we should use it as a currency for the better and higher price in future.

I just spend my bitcoins for my monthly internet bills and pay rent for my house.. But some of them is in my cold storage and save more bitcoins into it. So that if the price is increase or double i will sell all my coins to make lots of profit in future.

I wish i can do this thing too, as of now I cant save any bitcoin for now since I need to encash all of my BTC to meet my monthly needs, some of my BTC were invested in some altcoin and it will take time to get profit from it.  Anyway, spending BTC is fun so yeah I actively spending my bitcoin, either buying online, paying bills, or encashing them.


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gerXhonza
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July 18, 2016, 08:49:52 PM
 #2579

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Majority of users are spending their coins on mobile top ups as I dont' think there is any other place to spend bitcoins as the usage of bitcoin is limited at a moment.
Doamader
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July 18, 2016, 10:38:44 PM
 #2580

I spend bitcoin daily on toping up my mobile balance. Apart from that i have started to use bitcoin as alternative to paypal to pay my hosting and domain cost these days.

Majority of users are spending their coins on mobile top ups as I dont' think there is any other place to spend bitcoins as the usage of bitcoin is limited at a moment.

Bitcoin isnt soo limited as you think, there are several services around bitcoin sure for those who wanna buy its hard, even when there are here trusted people who can sell almost anything for bitcoin. I had paid my domains at namecheap with bitcoins, for me as an online earner bitcoins is helping me a lot, and i can spend it online where i wanna.
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