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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)
Eidheen
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August 09, 2016, 04:17:11 PM
 #2861

My guess is that many people stopped spending bitcoin actively for the incoming halving, because we all know that it will be profitable once it happens. And I know it will be worth the wait and effort of waiting, we just need to wait and believe for it.
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peta4e
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August 09, 2016, 04:19:23 PM
 #2862

No, I just keep it and wait for the nice price so I could sell them.  I am also finding ways to earn more bitcoins so I could invest it and grow it.  I remember I trade my bitcoins to a paypal fund because a friend of mine needed it.  And I just learned that he just use the btc to gamble.   Angry

It depends on personal circumstance. I have spend more then a few bitcoin in the past to buy mining equipment to get more bitcoins.

While the rest are buying tangible gods such as mining equipment, i spend my btc on altcoins and some ICO in hopes that these coins are going to go up in the near future.  Someday, i could hit big time once the rest of these coins i've bought can go up. its an investment for me.






ETH and ETC seems to be too good at a moment, so if you want to invest in altcoin then you can divide your investments in both of them to enjoy higher profits in future.
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August 09, 2016, 04:50:51 PM
 #2863

i never spend my bitcoins right now

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August 09, 2016, 05:14:02 PM
 #2864

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
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August 09, 2016, 05:23:47 PM
 #2865

On rare occasions, when it becomes a viable option.

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August 10, 2016, 07:34:10 AM
 #2866

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

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Zadicar
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August 10, 2016, 11:32:34 AM
 #2867

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

Its the best idea to save up bitcoin rather than spending it actively only to your wants. If you have a future plan with your bitcoin and would gain big profit out of it someday then its better to save it, just spend a little portion of it in times of emergencies  but dont use it in any situation that  it doesnt need  to spend you bitcoin.

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August 10, 2016, 12:15:00 PM
 #2868

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

Its the best idea to save up bitcoin rather than spending it actively only to your wants. If you have a future plan with your bitcoin and would gain big profit out of it someday then its better to save it, just spend a little portion of it in times of emergencies  but dont use it in any situation that  it doesnt need  to spend you bitcoin.
Spending is also necessary especially when what we are earning online is the only income we have, but to have a good amount of investment and make money in the future, we should be always wise in our decision making when it comes to spending, make sure to spend only on what we need.

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Shibashi Dogemoto
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August 10, 2016, 12:17:45 PM
 #2869

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

Its the best idea to save up bitcoin rather than spending it actively only to your wants. If you have a future plan with your bitcoin and would gain big profit out of it someday then its better to save it, just spend a little portion of it in times of emergencies  but dont use it in any situation that  it doesnt need  to spend you bitcoin.
Spending is also necessary especially when what we are earning online is the only income we have, but to have a good amount of investment and make money in the future, we should be always wise in our decision making when it comes to spending, make sure to spend only on what we need.

If bitcoin is your part time income then you can afford to save it for future, but if you are earning only from bitcoins and then you have to sell them regularly to take care of your expenses and your family.
goinmerry
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August 10, 2016, 12:55:18 PM
 #2870

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

Its the best idea to save up bitcoin rather than spending it actively only to your wants. If you have a future plan with your bitcoin and would gain big profit out of it someday then its better to save it, just spend a little portion of it in times of emergencies  but dont use it in any situation that  it doesnt need  to spend you bitcoin.
Spending is also necessary especially when what we are earning online is the only income we have, but to have a good amount of investment and make money in the future, we should be always wise in our decision making when it comes to spending, make sure to spend only on what we need.

If bitcoin is your part time income then you can afford to save it for future, but if you are earning only from bitcoins and then you have to sell them regularly to take care of your expenses and your family.

There is one more scenario. Use some of it to add up for expenses and use the left overs for investment. Just dont get it all, at least love some behind in case the price goes up then profits will come.





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August 10, 2016, 04:33:33 PM
 #2871


There is one more scenario. Use some of it to add up for expenses and use the left overs for investment. Just dont get it all, at least love some behind in case the price goes up then profits will come.

Some people invest bitcoin into mining rigs as their price of electricity is low. By doing that, they have good return.

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bamboylee
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August 11, 2016, 04:55:15 AM
 #2872

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 .


But I spend my bitcoins a lot on the online bitcoin market, because there is more to buy these days.
I also gamble a lot but this is with low amounts only so I will not lose a lot at the end. Sometimes getting profit also from that.
i dont gamble because it is just a waste of time but i do some spending from time to time to earn good money out of it over time

That is cool. With spending it it can cause a little movement to our good bitcoin currency.  But you cant stop a gambler that is their way of thinking they might have a chance to double their money.
And they should be responsible with their decision as gambling is too risky, it is fine to actively spend our bitcoins but make sure when spending it, return will also follow. In gambling most of the time we lose but that is just fine if we are enjoying it as we cannot just work without leisure sometimes. Life should be balance after all.

Everyone has the decision on how to spend his own bitcoin. We cant blame them if they fall on doing thigns that could possibly waste their hard earned bitcoin. Having leisure sometimes is good but   dont  play too much since it would surely lose all you money.

They decide where to spend their bitcoins but you can also give them an alternative. Or at least warn them if they are spending their money in the wrong way.

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August 11, 2016, 06:18:35 AM
 #2873

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 .


But I spend my bitcoins a lot on the online bitcoin market, because there is more to buy these days.
I also gamble a lot but this is with low amounts only so I will not lose a lot at the end. Sometimes getting profit also from that.
i dont gamble because it is just a waste of time but i do some spending from time to time to earn good money out of it over time

That is cool. With spending it it can cause a little movement to our good bitcoin currency.  But you cant stop a gambler that is their way of thinking they might have a chance to double their money.
And they should be responsible with their decision as gambling is too risky, it is fine to actively spend our bitcoins but make sure when spending it, return will also follow. In gambling most of the time we lose but that is just fine if we are enjoying it as we cannot just work without leisure sometimes. Life should be balance after all.

Everyone has the decision on how to spend his own bitcoin. We cant blame them if they fall on doing thigns that could possibly waste their hard earned bitcoin. Having leisure sometimes is good but   dont  play too much since it would surely lose all you money.

They decide where to spend their bitcoins but you can also give them an alternative. Or at least warn them if they are spending their money in the wrong way.
All of us have different decision we can decide for our bitcoin where do we spend and no one can dictate us. For me i actively spend my bitcoin because i do not have any investment just only collecting bitcoin and if i have enough bitcoin to be exchange into fiat then that is the time that to spend it.

.

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mishra1994
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August 11, 2016, 06:24:35 AM
 #2874

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.

Its the best idea to save up bitcoin rather than spending it actively only to your wants. If you have a future plan with your bitcoin and would gain big profit out of it someday then its better to save it, just spend a little portion of it in times of emergencies  but dont use it in any situation that  it doesnt need  to spend you bitcoin.
Spending bitcoin regularily means that your fiat money and being saved and i used to do the same.I get pocket money from my parents and i use bitcoins to do mobile recharges or paying bills and use my pocket money for collecting cash or some party. Tongue
OrangeSeller
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August 11, 2016, 06:43:22 AM
 #2875

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.
I always prefer to save my bitcoins when I have fiat money to buy my things. only spend bitcoin when I don't have any options. other wise I only save bitcoins for future needs and profit. because i believe bitcoin will become a world class currency and that time we can spend bitcoin without converting them into fiat etc.


 
 
 
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stromma44
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August 11, 2016, 07:01:38 AM
 #2876

i never spend my bitcoins right now


You should spend it sometimes if there is any kind of emergency, and if its not then its better to save it for future to get more benefits from it.
Spend only on your needs but prioritize more on savings because in the future the value of bitcoin will appreciate so it is just wise if you are slowly saving for the future, think of the passive income you will earn and do not focus on your wants today.
I always prefer to save my bitcoins when I have fiat money to buy my things. only spend bitcoin when I don't have any options. other wise I only save bitcoins for future needs and profit. because i believe bitcoin will become a world class currency and that time we can spend bitcoin without converting them into fiat etc.

Yeah in future we don't have to convert it to fiat and spend, we would be able to spend it directly, at a moment I only spend if I am in urgent need of hard cash, so I sell few of them and rest hold for the future.
chaser15
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August 11, 2016, 07:14:04 AM
 #2877

Yeah in future we don't have to convert it to fiat and spend, we would be able to spend it directly, at a moment I only spend if I am in urgent need of hard cash, so I sell few of them and rest hold for the future.

It will happen if bitcoin will established a stable price in future as you know that most of the merchants hates the price volatility of bitcoin that's why it in present time, there are still few big merchants who accepting bitcoin as one of their payment method.


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Schuyler
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August 11, 2016, 07:47:42 AM
 #2878

I just recently had to convert some of my bitcoins to fiat because I ran out of funds unexpectedly. Normally, I would just hold much and just spend a little on load credits and bills payment. I hope the time will come that the buy and sell price wouldn't have much of a difference. Maybe that is the exchanges' way of earning from their clients. By the way, who determines the exchange rate for the exchanges? Is there a rule or policy that controls exchange rates?


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Oj0
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August 11, 2016, 08:12:15 AM
 #2879

I spent it actively but i need it to convert first in cash to buy anything i want. Because here in our country they not accept bitcoin as payment to department store or online store. But in billing they accept it. So we need to cash it first before we spent it. Hope someday they will be stores that accepting bitcoin as payment for much better for us to have a bitcoin.
eddyubachs
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August 11, 2016, 08:15:44 AM
 #2880

Yeah in future we don't have to convert it to fiat and spend, we would be able to spend it directly, at a moment I only spend if I am in urgent need of hard cash, so I sell few of them and rest hold for the future.

It will happen if bitcoin will established a stable price in future as you know that most of the merchants hates the price volatility of bitcoin that's why it in present time, there are still few big merchants who accepting bitcoin as one of their payment method.

May be in future bitcoin will be more developed and we will see many small merchants will start accepting it, and to be honest we need few places where we can spend our coins, it will be a total fun.
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