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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 256342 times)
bamboylee
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July 27, 2016, 04:15:48 AM
 #2721

For now I'd rather hold my bitcoin than spend it. Right now bitcoin value is high, so it's better not spend it often. Maybe in future, bitcoin might grower and the price rise up. So, I would feel regretful if I spend bitcoin.

Me either , I'm not spending actively with my bitcoins I'm still hoping for the price increase before I'm going to spend it. I'm just thinking about the profit that I can get with bitcoin for today, and after that maybe that is the right time to spend it when the price is going to be higher.

That is a good plan. But if everyone of us stops spending bitcoin then it will be stagnant. And that scenario will have a negative effect on the stability of bitcoin. Bitcoin price will halt and may go down. It is best if we still spend some of our coins and reserve majority for holding as an investment.

Well that is true if all of us are going to hold all of our bitcoins for sure there is no adoption and price increase that is going to happen.
That's spending your bitcoins actively for something can contribute good in the adoption of bitcoin. Because it is going to help the mass adoption of bitcoin in the world.
We should spend but it is not necessary to spend so much, we should consider like our bitcoins is like the money earn from our real job. We need to spend a little for basic needs and save the remaining for the future investment.

We should use bitcoin as we use our current fiat. It will help in distribution of bitcoins and its progress. We should not treat it differently if we want it to replace our fiat. If we invest our fiat, we should invest our bitcoin too. If we use fiat to buy milk, when that time comes, we should spend our bitcoin to buy milk too.

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July 27, 2016, 04:33:21 AM
 #2722

For now I'd rather hold my bitcoin than spend it. Right now bitcoin value is high, so it's better not spend it often. Maybe in future, bitcoin might grower and the price rise up. So, I would feel regretful if I spend bitcoin.

Me either , I'm not spending actively with my bitcoins I'm still hoping for the price increase before I'm going to spend it. I'm just thinking about the profit that I can get with bitcoin for today, and after that maybe that is the right time to spend it when the price is going to be higher.

That is a good plan. But if everyone of us stops spending bitcoin then it will be stagnant. And that scenario will have a negative effect on the stability of bitcoin. Bitcoin price will halt and may go down. It is best if we still spend some of our coins and reserve majority for holding as an investment.

Well that is true if all of us are going to hold all of our bitcoins for sure there is no adoption and price increase that is going to happen.
That's spending your bitcoins actively for something can contribute good in the adoption of bitcoin. Because it is going to help the mass adoption of bitcoin in the world.
We should spend but it is not necessary to spend so much, we should consider like our bitcoins is like the money earn from our real job. We need to spend a little for basic needs and save the remaining for the future investment.

We should use bitcoin as we use our current fiat. It will help in distribution of bitcoins and its progress. We should not treat it differently if we want it to replace our fiat. If we invest our fiat, we should invest our bitcoin too. If we use fiat to buy milk, when that time comes, we should spend our bitcoin to buy milk too.
It is too ambitious to think that bitcoin will replace fiat, we have to accept the fact that bitcoin is only good as currency online and will never be use by the majority of people on earn due to some government regulation issues that bitcoins can never fit.

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July 27, 2016, 05:20:22 PM
 #2723

very honestly i cannot use bitcoin directly in our local market. but i usually change it from bitcoin to fiat currency and then use the income of bitocin indirectly in our local market. but infect i am not using bitcoin even not converting it in to local currency. because i am just holding it for the price increase.
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July 28, 2016, 08:54:41 AM
 #2724

I have spent about 20 bitcoin in the past year to buy some mining equipment. It seems that is money well spent.

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July 28, 2016, 09:10:57 AM
 #2725

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
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July 28, 2016, 11:49:47 AM
 #2726

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
Good mate, I thought I am the only gambler here, I do gamble also most of the time but currently I am lucky because I am up. My bet is not really that big because I just gamble for fun after learning my lessons from my sad experience in gambling years ago.

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July 28, 2016, 01:43:35 PM
 #2727

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
Good mate, I thought I am the only gambler here, I do gamble also most of the time but currently I am lucky because I am up. My bet is not really that big because I just gamble for fun after learning my lessons from my sad experience in gambling years ago.

I learned my lesson even in low bets. It is low but with continuous bets you wont notice that you have been spending a lot. With so much lost I said to myself I should stop it.

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July 28, 2016, 05:09:24 PM
 #2728

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
but we have no such opportunities. i never spend bitcoin directly in gambling or buying something online or in open market. in open market there not a sing shop who accept bitcoin the second is that here are  not such advanced casino where i can spend bitcoin. i usually do gambling on sports. but i first convert bitcoin into fiat and then use it. but in present time i mostly hold it for the price increase and try my best not to use it.
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July 29, 2016, 12:36:31 AM
 #2729

Just had invested again my bitcoins into some new project im working and for sure will be a sucess,its a kind of problem to see bitcoin stoped for a while, i feel they need to keep moving to return me some profits later.


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July 29, 2016, 01:05:40 AM
 #2730

Definitely yes i actively spend bitcoin, specifically to buy online shopping,
I also spend bitcoin in sending money to my loveones, even they are to far from me i can easily sent out money through bitcoins. An my daily spending bitcoin is loading airte load to my cellphone .
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July 29, 2016, 01:25:06 AM
 #2731

BRo I spend my Bitcoins online buying digital goods in this forum or from some other website if I need.
Or I Sometimes buy a domain with it or I Recharge my phone with bitcoins.....
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July 29, 2016, 01:26:57 AM
 #2732

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
but we have no such opportunities. i never spend bitcoin directly in gambling or buying something online or in open market. in open market there not a sing shop who accept bitcoin the second is that here are  not such advanced casino where i can spend bitcoin. i usually do gambling on sports. but i first convert bitcoin into fiat and then use it. but in present time i mostly hold it for the price increase and try my best not to use it.
Since options for using bitcoin are not yet that widespread, the only course is to convert to fiat what you in bitcoin and use that for online shopping or in physical shops. I am not a regular gambler and the things I would normally spend on are paid in fiat. Aside from load credits for my phone and payment for utility bills and a little bit of trading, I have yet to do other things with my bitcoins.


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dandroid
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July 29, 2016, 01:50:16 AM
 #2733

The use is important to control the volatility, but apparently the problem will not be resolved very soon. Undecided
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July 29, 2016, 02:18:24 AM
 #2734

I have spent some bitcoins online for purchases. Mostly though I am holding what I have and trading and lending it to make a little profit. I would consider spending more if I had more save up.
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July 29, 2016, 04:06:40 AM
 #2735

I have spent some bitcoins online for purchases. Mostly though I am holding what I have and trading and lending it to make a little profit. I would consider spending more if I had more save up.
I think people would consider to spending when they have many options to buy goods using bitcoin. I know a common problem for users of bitcoin. why are still very few people using bitcoin as a payment method or make spending bitcoin

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July 29, 2016, 07:43:36 AM
 #2736

I have spent some bitcoins online for purchases. Mostly though I am holding what I have and trading and lending it to make a little profit. I would consider spending more if I had more save up.
I think people would consider to spending when they have many options to buy goods using bitcoin. I know a common problem for users of bitcoin. why are still very few people using bitcoin as a payment method or make spending bitcoin
for me i can say that as in my country it is not yet clear that either it is a legal currency or not. because the government has yet not given any statement about bitcoin. may be the reason is that in my country most of the people have no idea about bitcoin they do not know any thing about bitcoin, may be our government have not yet any idea about bitcoin, therefore they have not yet given any statement about bitcoin, bitcoin is not accepted in banks in GPO and other departments and specially in those departments which are under the influence of government. on other side the general public the merchants and the shops keeper have no idea about bitcoin, may only 0.01% of our population know about bitcoin. so here in our are people are not accepting bitcoin in their shops, i only know one shop in Rawal Pindi, about 500 Kilometer away from my area where a shopkeeper accept bitcoin and the reason is that he himself involved in bitcoin, therefore i will like to say that we have no opportunities in our local market to  use bitcoin for buying stuff. but still i am hopeful that a time will come when people will start using bitcoin and i will become able to buy stuff in my local market directly using bitcoin.
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July 29, 2016, 07:55:14 AM
 #2737

I have spent some bitcoins online for purchases. Mostly though I am holding what I have and trading and lending it to make a little profit. I would consider spending more if I had more save up.

Yeah, me too, I could only use my coins to purchase online or to buy digital goods like VPNs and mobile load other than that, I haven't tried purchasing physical goods with my coins. I am planning to do so, but I am still thinking of it, and reading some reviews on that website on where I will purchase a thing that I really want and needed..  Smiley

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July 29, 2016, 08:14:41 AM
 #2738

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
Good mate, I thought I am the only gambler here, I do gamble also most of the time but currently I am lucky because I am up. My bet is not really that big because I just gamble for fun after learning my lessons from my sad experience in gambling years ago.

There are many bitcoin gamblers out there mate. The sad is i always lose on gambling, that's why i always deposit and spend my bitcoins on gambling.
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July 29, 2016, 08:22:48 AM
 #2739

It's not every day i used bitcoin . Every month I spend it for paying electricity, water , and monthly premiums to SSS . But sometimes it also takes money to buy me with the school for the project for not  relying on my parents . So if you have some left , I leave it to my bitcoin wallet to grow my savings . It would be nice because if it be spent monthly for greater carry you money .


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July 29, 2016, 11:08:02 AM
 #2740

Yes i actively spend my bitcoins everyday, because i always deposit my bitcoins into gambling and sometimes i'm buying something at online using bitcoins.
Good mate, I thought I am the only gambler here, I do gamble also most of the time but currently I am lucky because I am up. My bet is not really that big because I just gamble for fun after learning my lessons from my sad experience in gambling years ago.

There are many bitcoin gamblers out there mate. The sad is i always lose on gambling, that's why i always deposit and spend my bitcoins on gambling.
That is just fine if you are having a good time in gambling, having a good time is just doing gambling with a quality time and the amount of money you are losing is just one way to pay for the expenses of having fun, however if you are into making profit and you are always losing then you should stop by now as gambling is clearly not for you.

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