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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)
ovvidiy
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August 12, 2016, 03:52:12 AM
 #2901

No, I don't. I honestly have no need to spend my bitcoin on. What do I need? A PC? Got it. Food? I have a day job to pay for that.
So it turns out that bitcoin for people not the main source of income, just an interest or hobby that adds a nice bonus in the form of money.
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August 12, 2016, 06:10:06 AM
 #2902

And once few merchants will start accepting bitcoins the others will start following them, the only important this is to get start off and that will be done sooner or latter.

No it's not like that. There are already few merchants out there in the market and some of them are really popular one but as of now there is only few merchants that are accepting bitcoin.

Competition is out of line here as long as bitcoin price always fluctuates, that is the main concern of those big merchants.
yeah there is a huge competition in a bitcoin world and it is great, i personally dont spend any of my bitcoins right now as i hold it for the future

If you cannot spend your coins at this stage then its better to hold them for future as price will be much higher and we will see many offline stores where we would be able to spend our coins.
I think it is not wise to spend our bitcoins now because the price is increasing. The better idea for now if you really need to spend, only spend for your basic needs, and spend your fiat if you are thinking of spending for your needs.

Thats right, just spend your bitcoins wisely, if you are really need in money for your needs then get a small portion of it and  save the other remaining bitcoin in your wallet as also serves  for a long term investment in future. As we all know that bitcoin  has the big potential to increase its price in upcoming years.

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August 12, 2016, 06:12:38 AM
 #2903

And once few merchants will start accepting bitcoins the others will start following them, the only important this is to get start off and that will be done sooner or latter.

No it's not like that. There are already few merchants out there in the market and some of them are really popular one but as of now there is only few merchants that are accepting bitcoin.

Competition is out of line here as long as bitcoin price always fluctuates, that is the main concern of those big merchants.
yeah there is a huge competition in a bitcoin world and it is great, i personally dont spend any of my bitcoins right now as i hold it for the future

If you cannot spend your coins at this stage then its better to hold them for future as price will be much higher and we will see many offline stores where we would be able to spend our coins.
I think it is not wise to spend our bitcoins now because the price is increasing. The better idea for now if you really need to spend, only spend for your basic needs, and spend your fiat if you are thinking of spending for your needs.

Thats right, just spend your bitcoins wisely, if you are really need in money for your needs then get a small portion of it and  save the other remaining bitcoin in your wallet as also serves  for a long term investment in future. As we all know that bitcoin  has the big potential to increase its price in upcoming years.
if possible do not touch your bitcoins for investment, it is should be appropriated only for investment and that is how to treat it like a business where personal money should not be fix in our own business for easy accounting and monitoring of our performance.

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BitcoinPC
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August 12, 2016, 10:31:06 AM
 #2904

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   

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August 12, 2016, 11:39:07 AM
 #2905

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   

It will be solved if the price become stable which is far from happening since many are taking this currency as an investment. Big merchants don't like the idea of having such accepting a currency that really have a big fluctuations.

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August 12, 2016, 01:02:20 PM
 #2906

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   

It will be solved if the price become stable which is far from happening since many are taking this currency as an investment. Big merchants don't like the idea of having such accepting a currency that really have a big fluctuations.

Well there are different kinds of merchants, there are some that as they are accepting bitcoin as also a form of trading for accepting it as the payment of their customers or client. And if you are going to spend actively with bitcoin you are helping the bitcoin economy to adopt the bitcoin in the world.
And that is going to result for many stores are going to accept bitcoin in the future.



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August 12, 2016, 01:15:42 PM
 #2907

Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard

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August 12, 2016, 01:23:19 PM
 #2908

Yes I do. My bitcoins do not stay more than two weeks in my wallet before they get spent somewhere.
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August 12, 2016, 02:09:14 PM
 #2909

Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard

Most of the users are spending their coins on gambling, but it would be smart if we don't spend our coins in gambling and save it for the future to earn better benefits.
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August 12, 2016, 02:12:50 PM
 #2910

Yes I do. My bitcoins do not stay more than two weeks in my wallet before they get spent somewhere.
of course i actively spend my bitcoins either, in my opinion the bitcoin was invented in order to be used so im using it just as a currency now


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August 12, 2016, 02:22:22 PM
 #2911

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   

It will be solved if the price become stable which is far from happening since many are taking this currency as an investment. Big merchants don't like the idea of having such accepting a currency that really have a big fluctuations.

Well there are different kinds of merchants, there are some that as they are accepting bitcoin as also a form of trading for accepting it as the payment of their customers or client. And if you are going to spend actively with bitcoin you are helping the bitcoin economy to adopt the bitcoin in the world.
And that is going to result for many stores are going to accept bitcoin in the future.

You are not getting the picture. Of course there is a merchant that deals with bitcoin transactions only because their main line is bitcoin so they are not worry to the price fluctuations because like I said they are dealing with bitcoin.

Those "BIG" merchants are having hard time to accept bitcoin because the higher the price of bitcoin, the greater the price fluctuations.

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August 12, 2016, 02:29:15 PM
 #2912

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   
We have same scenario, in our country it cant be spend in regular stores because they dont even know what bitcoin is as you can see most people dont know about bitcoin yet. i can only spend it through loading my phone and paying my bills, good thing our local wallet has feature like that.

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NeuroticFish
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Tooth Fairy, do you have an USB miner for me?


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August 12, 2016, 02:30:37 PM
 #2913


for the few places that do accept bitcoin, do you currently spend the coins you hold at any of them?

I know places like www.takeaway.com accept bitcoin and i even heard CEX.co.uk accept bitcoin in stores now too, but does anyone spend the bitcoins they have or do most just onto hold them? (Or gamble them lol)

I wonder if there will ever be any retailers that only accept bitcoin.

If I'd be a big miner and Bitcoin would be one of my main incomes I may spend. But no, I am not in that category.
Honest merchants have to pay taxes in their own country, so I don't see why would they go for Bitcoin only.
More "shady" businesses, especially porn or gambling related, could go for Bitcoin only, but imho that would be a sign they may avoid taxes, for example.

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mirakal
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FortuneJack the No. 1


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August 12, 2016, 02:46:22 PM
 #2914

Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard
That's true man, but we also need to consider that spending all our money is not good all the time. We have to think of the future and since you are in the crypto world and it has given you the opportunity to earn good amount of money, you also need to save and to investment for the future.

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torrentheaven
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August 12, 2016, 02:51:42 PM
 #2915

Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard
That's true man, but we also need to consider that spending all our money is not good all the time. We have to think of the future and since you are in the crypto world and it has given you the opportunity to earn good amount of money, you also need to save and to investment for the future.



If you want to make good profits from bitcoin then try to collect as much as coins at a moment and save it for the future to earn more profits from it.
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August 12, 2016, 04:53:53 PM
 #2916

Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard
That's true man, but we also need to consider that spending all our money is not good all the time. We have to think of the future and since you are in the crypto world and it has given you the opportunity to earn good amount of money, you also need to save and to investment for the future.

If you want to make good profits from bitcoin then try to collect as much as coins at a moment and save it for the future to earn more profits from it.

I bought some bitcoin in the middle of last year. Since then I have spent some to buy mining equipment and mine more bitcoins.

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Bitcoinsummoner
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I'm in vacation


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August 12, 2016, 05:09:20 PM
 #2917

For now i spend bitcoin in trading or any online marketing that accept bitcoin as payment in advertising..
Im not so active to spend but holding bitcoin is the best to do because the price is not enough to sell bitcoin instead.

..Decision from segwit2x is not Final..
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August 12, 2016, 05:34:34 PM
 #2918

Yes, Bitcoin is really helpful for me to using in online for buying and paying and transfer amount to an other account, but i can't use it in shops and in my market, because where i am living in my country, bitcoin is not use in official lever and also majority don't know about bitcoins, So that's why i can't use it openly in market.   
We have same scenario, in our country it cant be spend in regular stores because they dont even know what bitcoin is as you can see most people dont know about bitcoin yet. i can only spend it through loading my phone and paying my bills, good thing our local wallet has feature like that.

Only one reason behind it, when our government introduce the bitcoin in country,than definitely we could be used it in any stores and in anywhere, also in that time, it doesn't take matter, that people know about bitcoin or not, because main thing is that our government not want to accept it, even i know my country's merchants know that bitcoin has a big business in it. 

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August 12, 2016, 05:40:42 PM
 #2919

For now i spend bitcoin in trading or any online marketing that accept bitcoin as payment in advertising..
Im not so active to spend but holding bitcoin is the best to do because the price is not enough to sell bitcoin instead.

Yeah this is not the best time to sell as price is not at higher level but it will be much higher in future so its better to hold it for next couple of years.


 
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PetroffVany
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August 12, 2016, 05:47:24 PM
 #2920

For now i spend bitcoin in trading or any online marketing that accept bitcoin as payment in advertising..
Im not so active to spend but holding bitcoin is the best to do because the price is not enough to sell bitcoin instead.
Spend your bitcoin can of course on different types of services offered by the Internet, and of course to play at the casino is also possible. But this is a very wrong decision, because judging by the numerous conversations and analysis, the price of bitcoin can reach the level of 1k end of the year, and perhaps even more. So you want to save your bitcoin until that time.
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