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Question: Would/Do you spend your current bitcoins in stores (or online)?
Yes - 215 (54%)
No - 183 (46%)
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Author Topic: Do you actively spend your bitcoins?  (Read 256540 times)
Positid
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August 14, 2016, 12:32:26 PM
 #2941

I actively spend my coins on gambling and trading and sometimes to recharge my cell phone, and whatever profits I am earning from gambling and trading  that I am saving for future.

Why are you wasting your coins in gambling? I am sure you wouldn't have made good profits from it as everyone looses in long run, better you should save it for future.

I think gambling not always wasting and lose if you know how to control and manage yourself at gambling, because i also spend my coins in gambling and i'm not always lose on gambling.
You may not lose always, but at the end if you calculate it you might have lost more worth bitcoin. You will realize that if you have saved it, it reaps you more profits at that time than wasting in gambling.
Exactly if you save your bitcoins for future then whatever profits you will be earning will be higher in compare to gambling for sure, as the percentage of loosing will be higher in compare to winning in gambling.
Yeah right.. i dont why they are not calculate all their gambling how much they lose and how much they win.. honestly if you calculate it you will see that you lose a lot more than you win. So its better to save it for the future and make your own business online that you can make a profit with your business.

Spending bitcoin on gambling is waste of money, everyone knows what end result will be but still they invest there hoping that they will jackpot someday which seems to be unrealistic.
That would only be a waste of money if you do not win, but if you win you will feel contented with the amount you bag especially when that is a big amount. But for people who are afraid to risk their money in gambling then they stay away or just play it for fun betting a little amount only.

Yeah and if you are into gambling since long time and if you are confident that you can win it big then you should go for it or else simply invest that money somewhere else.

In gambling, we do not need to fool ourselves and think that we can win though our record is not telling the story, we should accept the reality so in that way if we are that serious in gambling we can easily adjust our method and can improve to have a better chances to win.

You may win once or twice but you cannot win every time and I am sure the amount that you loose will be higher in compare to that you have won, so overall if you look at the statistics then you will be in loss.
If you can easily accept your defeat in gambling the better because that would limit your loses, some gamblers use rage in gambling which would make them a decision to chase their bets until they lose a bigger amount in the end.

You should have self control in gambling and you should also have control on your emotions, and to make profits from it you should be aware what is the right time to quit.
That's easy to say but it is really hard to do it, when you are gambling you are in the hot seat that you feel you own the world when you are too lucky and having a good streak, that situation is very dangerous as we let our emotions take over and not our brain to use in gambling.

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August 15, 2016, 04:25:35 AM
 #2942

I actively spend my coins on gambling and trading and sometimes to recharge my cell phone, and whatever profits I am earning from gambling and trading  that I am saving for future.

Why are you wasting your coins in gambling? I am sure you wouldn't have made good profits from it as everyone looses in long run, better you should save it for future.

I think gambling not always wasting and lose if you know how to control and manage yourself at gambling, because i also spend my coins in gambling and i'm not always lose on gambling.
You may not lose always, but at the end if you calculate it you might have lost more worth bitcoin. You will realize that if you have saved it, it reaps you more profits at that time than wasting in gambling.
Exactly if you save your bitcoins for future then whatever profits you will be earning will be higher in compare to gambling for sure, as the percentage of loosing will be higher in compare to winning in gambling.
Yeah right.. i dont why they are not calculate all their gambling how much they lose and how much they win.. honestly if you calculate it you will see that you lose a lot more than you win. So its better to save it for the future and make your own business online that you can make a profit with your business.

Spending bitcoin on gambling is waste of money, everyone knows what end result will be but still they invest there hoping that they will jackpot someday which seems to be unrealistic.
That would only be a waste of money if you do not win, but if you win you will feel contented with the amount you bag especially when that is a big amount. But for people who are afraid to risk their money in gambling then they stay away or just play it for fun betting a little amount only.

Yeah and if you are into gambling since long time and if you are confident that you can win it big then you should go for it or else simply invest that money somewhere else.

In gambling, we do not need to fool ourselves and think that we can win though our record is not telling the story, we should accept the reality so in that way if we are that serious in gambling we can easily adjust our method and can improve to have a better chances to win.

You may win once or twice but you cannot win every time and I am sure the amount that you loose will be higher in compare to that you have won, so overall if you look at the statistics then you will be in loss.
If you can easily accept your defeat in gambling the better because that would limit your loses, some gamblers use rage in gambling which would make them a decision to chase their bets until they lose a bigger amount in the end.

You should have self control in gambling and you should also have control on your emotions, and to make profits from it you should be aware what is the right time to quit.
That's easy to say but it is really hard to do it, when you are gambling you are in the hot seat that you feel you own the world when you are too lucky and having a good streak, that situation is very dangerous as we let our emotions take over and not our brain to use in gambling.

Its really easy to say when you are not playing gambling but in the true situation its really hard to do it because  you would lose your self control and  the greediness is overcoming you already which is a really hard thing to control.






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August 15, 2016, 09:40:27 AM
 #2943

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?

That is their own set of rates that close to the exact price of bitcoin. There is different rates to cover all the expenses and services that those exchanges are giving out to satisfy their clients.

But they have no right to set their rates to really a low one because in the first place, no one will use their exchanges sites if the rates is really terrible.

You are right. I have been to a lot of exchanges and have seen different prices specially when you are buying bitcoin. Some are really using it for their greediness. Anyway I do have a choice. They cant force me.

Even there are exchanges out there  they would  definitely differ in  pricing since its also an investment some exchanges may charge too much and some would charge a little  amount which some buyers would definitely choose on which one is better.

It is the same in fiat, there are different rate for each bank in exchanging US dollars. But in fiat, you can check  Central Bank as basis how much is the price. But in bitcoin, i think to each is his own on giving price to bitcoin.

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August 15, 2016, 11:14:50 AM
 #2944

I actively spend my coins on gambling and trading and sometimes to recharge my cell phone, and whatever profits I am earning from gambling and trading  that I am saving for future.

Why are you wasting your coins in gambling? I am sure you wouldn't have made good profits from it as everyone looses in long run, better you should save it for future.

I think gambling not always wasting and lose if you know how to control and manage yourself at gambling, because i also spend my coins in gambling and i'm not always lose on gambling.
You may not lose always, but at the end if you calculate it you might have lost more worth bitcoin. You will realize that if you have saved it, it reaps you more profits at that time than wasting in gambling.
Exactly if you save your bitcoins for future then whatever profits you will be earning will be higher in compare to gambling for sure, as the percentage of loosing will be higher in compare to winning in gambling.
Yeah right.. i dont why they are not calculate all their gambling how much they lose and how much they win.. honestly if you calculate it you will see that you lose a lot more than you win. So its better to save it for the future and make your own business online that you can make a profit with your business.

Spending bitcoin on gambling is waste of money, everyone knows what end result will be but still they invest there hoping that they will jackpot someday which seems to be unrealistic.
That would only be a waste of money if you do not win, but if you win you will feel contented with the amount you bag especially when that is a big amount. But for people who are afraid to risk their money in gambling then they stay away or just play it for fun betting a little amount only.

Yeah and if you are into gambling since long time and if you are confident that you can win it big then you should go for it or else simply invest that money somewhere else.

In gambling, we do not need to fool ourselves and think that we can win though our record is not telling the story, we should accept the reality so in that way if we are that serious in gambling we can easily adjust our method and can improve to have a better chances to win.

You may win once or twice but you cannot win every time and I am sure the amount that you loose will be higher in compare to that you have won, so overall if you look at the statistics then you will be in loss.
If you can easily accept your defeat in gambling the better because that would limit your loses, some gamblers use rage in gambling which would make them a decision to chase their bets until they lose a bigger amount in the end.

You should have self control in gambling and you should also have control on your emotions, and to make profits from it you should be aware what is the right time to quit.
That's easy to say but it is really hard to do it, when you are gambling you are in the hot seat that you feel you own the world when you are too lucky and having a good streak, that situation is very dangerous as we let our emotions take over and not our brain to use in gambling.

Its really easy to say when you are not playing gambling but in the true situation its really hard to do it because  you would lose your self control and  the greediness is overcoming you already which is a really hard thing to control.

If you cannot have control on yourself then its better not to gamble at all, as at the end of the day you will be on loosing end and if you lack self control then  it will result in even huge loss.
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August 15, 2016, 12:53:34 PM
 #2945

I actively spend my coins on gambling and trading and sometimes to recharge my cell phone, and whatever profits I am earning from gambling and trading  that I am saving for future.

Why are you wasting your coins in gambling? I am sure you wouldn't have made good profits from it as everyone looses in long run, better you should save it for future.

I think gambling not always wasting and lose if you know how to control and manage yourself at gambling, because i also spend my coins in gambling and i'm not always lose on gambling.
You may not lose always, but at the end if you calculate it you might have lost more worth bitcoin. You will realize that if you have saved it, it reaps you more profits at that time than wasting in gambling.
Exactly if you save your bitcoins for future then whatever profits you will be earning will be higher in compare to gambling for sure, as the percentage of loosing will be higher in compare to winning in gambling.
Yeah right.. i dont why they are not calculate all their gambling how much they lose and how much they win.. honestly if you calculate it you will see that you lose a lot more than you win. So its better to save it for the future and make your own business online that you can make a profit with your business.

Spending bitcoin on gambling is waste of money, everyone knows what end result will be but still they invest there hoping that they will jackpot someday which seems to be unrealistic.
That would only be a waste of money if you do not win, but if you win you will feel contented with the amount you bag especially when that is a big amount. But for people who are afraid to risk their money in gambling then they stay away or just play it for fun betting a little amount only.

Yeah and if you are into gambling since long time and if you are confident that you can win it big then you should go for it or else simply invest that money somewhere else.

In gambling, we do not need to fool ourselves and think that we can win though our record is not telling the story, we should accept the reality so in that way if we are that serious in gambling we can easily adjust our method and can improve to have a better chances to win.

You may win once or twice but you cannot win every time and I am sure the amount that you loose will be higher in compare to that you have won, so overall if you look at the statistics then you will be in loss.
If you can easily accept your defeat in gambling the better because that would limit your loses, some gamblers use rage in gambling which would make them a decision to chase their bets until they lose a bigger amount in the end.

You should have self control in gambling and you should also have control on your emotions, and to make profits from it you should be aware what is the right time to quit.
That's easy to say but it is really hard to do it, when you are gambling you are in the hot seat that you feel you own the world when you are too lucky and having a good streak, that situation is very dangerous as we let our emotions take over and not our brain to use in gambling.

Its really easy to say when you are not playing gambling but in the true situation its really hard to do it because  you would lose your self control and  the greediness is overcoming you already which is a really hard thing to control.

If you cannot have control on yourself then its better not to gamble at all, as at the end of the day you will be on loosing end and if you lack self control then  it will result in even huge loss.

Gambling is not meant for all of us, but there are people who are earning a living with gambling, and that is really risky way to handle a life as what if luck doesn't favor them in future, I think they will be on streets begging for food.
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August 16, 2016, 05:21:29 AM
 #2946

Actually most of the time that I buy it is for the long-term run.
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August 16, 2016, 05:28:13 AM
 #2947

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.














 

 

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mirakal
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August 16, 2016, 06:40:58 AM
 #2948

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.
Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.

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August 16, 2016, 06:48:29 AM
 #2949

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.
Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.
Me i used to spend my bitcoin actively because i do not have any investment i just only earning with it that is why i have bitcoin, but if i see that i have a great bitcoin to exchange it into fiat i will exchange and spend it any where.

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August 16, 2016, 08:28:33 AM
 #2950

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.





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bamboylee
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August 16, 2016, 10:28:18 AM
 #2951

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.
Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.

It is no helping it if we are in need of money. Like me, I hold my bitcoins until a good price, but sometimes there is a sudden need that I have to exchange my bitcoins to fiat. But if I have a choice, I will definitely hold all my bitcoins until the price reaches thousand dollars a piece.

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August 16, 2016, 10:33:33 AM
 #2952

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
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August 16, 2016, 12:42:28 PM
 #2953

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

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greBit
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August 16, 2016, 12:58:02 PM
 #2954

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
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August 16, 2016, 01:23:45 PM
 #2955

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
Majority of the investors here have that speculation on the future of bitcoins, we do believe that the price will stay and that is actually good for everybody because the demand will increase as we will continue to buy bitcoins to hold it.

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boyptc
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August 16, 2016, 01:31:07 PM
 #2956

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
Majority of the investors here have that speculation on the future of bitcoins, we do believe that the price will stay and that is actually good for everybody because the demand will increase as we will continue to buy bitcoins to hold it.

And I am believing on those speculations of the investors and as of now, I am not spending bitcoins actively. I am hoping that the price of bitcoin is going to be stable at $700-800 and I am still waiting for it to happen. And if that happens then I am going to go back what I used to do which is actively spending of bitcoins.

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August 16, 2016, 01:42:44 PM
 #2957

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
Majority of the investors here have that speculation on the future of bitcoins, we do believe that the price will stay and that is actually good for everybody because the demand will increase as we will continue to buy bitcoins to hold it.

And I am believing on those speculations of the investors and as of now, I am not spending bitcoins actively. I am hoping that the price of bitcoin is going to be stable at $700-800 and I am still waiting for it to happen. And if that happens then I am going to go back what I used to do which is actively spending of bitcoins.

Neither this is a good time to spend nor to sell as price is below the expected level at a moment, and may be it can go higher in next couple of months, so holding them at a moment is a correct decision.
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August 16, 2016, 01:58:11 PM
 #2958

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
Majority of the investors here have that speculation on the future of bitcoins, we do believe that the price will stay and that is actually good for everybody because the demand will increase as we will continue to buy bitcoins to hold it.

And I am believing on those speculations of the investors and as of now, I am not spending bitcoins actively. I am hoping that the price of bitcoin is going to be stable at $700-800 and I am still waiting for it to happen. And if that happens then I am going to go back what I used to do which is actively spending of bitcoins.

Neither this is a good time to spend nor to sell as price is below the expected level at a moment, and may be it can go higher in next couple of months, so holding them at a moment is a correct decision.

Its not ideal to sell your coins as of the moment since bitcoins price is very low especially when you buy  bitcoin at the price of $600+ then  you would definitely have negative profit, so its better to hold  for how many months or even years and waiting for the right time  which you see  that it would  benefited you.



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Corenin
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August 16, 2016, 02:10:53 PM
 #2959

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but  I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.
We have no choice but to sell our bitcoins whenever we need more money, but always remember to control our spending so we could still save our bitcoins and invest it for the future, the price is really great now because it falls back a bit and for me it is not good to spend but buy instead.

Yeah buying  now and holding it for the future can be a profitable decision as price is comparatively lower at a moment and it will increase in future for sure.
Majority of the investors here have that speculation on the future of bitcoins, we do believe that the price will stay and that is actually good for everybody because the demand will increase as we will continue to buy bitcoins to hold it.

And I am believing on those speculations of the investors and as of now, I am not spending bitcoins actively. I am hoping that the price of bitcoin is going to be stable at $700-800 and I am still waiting for it to happen. And if that happens then I am going to go back what I used to do which is actively spending of bitcoins.

Neither this is a good time to spend nor to sell as price is below the expected level at a moment, and may be it can go higher in next couple of months, so holding them at a moment is a correct decision.

Its not ideal to sell your coins as of the moment since bitcoins price is very low especially when you buy  bitcoin at the price of $600+ then  you would definitely have negative profit, so its better to hold  for how many months or even years and waiting for the right time  which you see  that it would  benefited you.
yeah sell only when you are making profits even if you have to wait longer for that, as no one wants to go from losses and if you have bought at $250 in the past then this is still the good time to buy.
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August 16, 2016, 03:04:25 PM
 #2960

I sold and used it for my mother's operation and I can proudly say that I am a bitcoin seller, because if money doesn't prove to be there at the time of its need, then it is useless even if it comes to you when you don't need it... I know many people will think differently and criticize my words, but that's how it works...

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