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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)
Nowl1935
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September 05, 2016, 05:06:37 AM
 #3201

Definately yes, i actively spend my bitcoin in terms of topping up mobile load, spend for gambling, investment, online shopping and sometimes i spend on my daily School expenses. Weekly i withdrawn 0.05 satoshi so that i have money to be use for that running week. Im thankful that bitcoin is exist in this world. Too many uses and bitcoin can really help to people needs.
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September 05, 2016, 05:22:25 AM
 #3202

Definately yes, i actively spend my bitcoin in terms of topping up mobile load, spend for gambling, investment, online shopping and sometimes i spend on my daily School expenses. Weekly i withdrawn 0.05 satoshi so that i have money to be use for that running week. Im thankful that bitcoin is exist in this world. Too many uses and bitcoin can really help to people needs.
Me also and that is also what im doing in my bitcoin, most of the time i use my bitcoin to pay my bills and do not engage in gambling that i know that is not profitable the method that i like to gain profit is trading it is very easy to me to earn profit.
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September 05, 2016, 05:24:00 AM
 #3203

I am not spending it right now, I think that at the time the best thing to do is to keep it save, I will only use them or cash out after something around six months from now.
I think you should sell your bitcoins now, the price is increasing and it would be an easy profit if you do that. Anyway if your decision is firm to hold that for a longer period of time then that is also good because I am pretty sure you can still bigger increase in the near future.

I would say that don't sell your bitcoins today and you are just going to keep on waiting for the price increase. Because there is more to come with the
price of bitcoin so it is going to be better if you are not going to spend your bitcoins actively today. And that is what I am doing so that's why I have earned some profit by just holding it.

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September 05, 2016, 07:38:15 AM
 #3204

I am not spending it right now, I think that at the time the best thing to do is to keep it save, I will only use them or cash out after something around six months from now.
I think you should sell your bitcoins now, the price is increasing and it would be an easy profit if you do that. Anyway if your decision is firm to hold that for a longer period of time then that is also good because I am pretty sure you can still bigger increase in the near future.

I would say that don't sell your bitcoins today and you are just going to keep on waiting for the price increase. Because there is more to come with the
price of bitcoin so it is going to be better if you are not going to spend your bitcoins actively today. And that is what I am doing so that's why I have earned some profit by just holding it.
Preventing yourself in selling your bitcoins is not a good move, if you already see that you are in profit with the current price maybe we should consider selling but we can do it with a certain percentage only, like 50% first because we might see a fast price fall back and we might regret it.

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September 05, 2016, 09:22:15 AM
 #3205

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.


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September 05, 2016, 10:12:34 AM
 #3206

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.


You can make money with it if price is higher, but it will depend on at what price you bought, and if you want to make higher profits then its better to hold them for future.
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September 05, 2016, 11:58:22 AM
 #3207

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.


You can make money with it if price is higher, but it will depend on at what price you bought, and if you want to make higher profits then its better to hold them for future.

That is what I am doing at the moment. I bought some bitcoins a few years ago. I still keep them for now at least.
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September 05, 2016, 12:06:20 PM
 #3208

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.


You can make money with it if price is higher, but it will depend on at what price you bought, and if you want to make higher profits then its better to hold them for future.

That is what I am doing at the moment. I bought some bitcoins a few years ago. I still keep them for now at least.
I think if you invest last year this is the right time to sell your bitcoin and wait for the dump again, do buy and sell to boost your income and to make more bitcoin in the near future.
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September 05, 2016, 12:08:06 PM
 #3209

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.


You can make money with it if price is higher, but it will depend on at what price you bought, and if you want to make higher profits then its better to hold them for future.

That is what I am doing at the moment. I bought some bitcoins a few years ago. I still keep them for now at least.
I think if you invest last year this is the right time to sell your bitcoin and wait for the dump again, do buy and sell to boost your income and to make more bitcoin in the near future.

That is the right thing to do, if you are able to make profits with current price then you should sell your coins and again wait for the price crash to buy more of them.
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September 05, 2016, 12:48:19 PM
 #3210

i do not choose whether to spend it or hold it , i do not hesitate to spend it especially whenever i'm in need and have to get money immediately . and if ever i've got enough profit from holding it there's no need to think for holding it for a few more months .

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September 05, 2016, 03:11:31 PM
 #3211

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.
thats true, and besides that you cannot make any money for holding your bitcoins, i think the best would be to actually just save it up

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September 05, 2016, 05:00:41 PM
 #3212

I do spend some of my BTC's regularly for different purchases online, Frankly it's a better tricky to get BTC therefore I prefer using other payment methods to avoid the hassle of repurchasing and restoring my BTC wallet size.
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September 05, 2016, 05:04:15 PM
 #3213


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.
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September 05, 2016, 06:02:24 PM
 #3214

i do not choose whether to spend it or hold it , i do not hesitate to spend it especially whenever i'm in need and have to get money immediately . and if ever i've got enough profit from holding it there's no need to think for holding it for a few more months .

That is why we earn bitcoin for, so that we can use them when we are in need, and we also hold them for that purpose so that they can grow into more and we can use them again for something necessary for us or someone related to us.
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September 05, 2016, 07:00:30 PM
 #3215

i do not choose whether to spend it or hold it , i do not hesitate to spend it especially whenever i'm in need and have to get money immediately . and if ever i've got enough profit from holding it there's no need to think for holding it for a few more months .

Same here. Sometimes being too much optimitism about holding bitcoins only resulting for a regret.

More importantly learn to get out when people already sees a good profit as take note that all price increase rally have an sudden price decrease.

In terms of spending, it's not wrong if you will spend it regardless of the bitcoin price since more importantly, you need some money to be used on spendings.


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September 05, 2016, 07:20:27 PM
 #3216

Very hard to spend bitcoins actively when it's not accepted in your country, but much harder to do online purcheses when you hate online shopping.

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September 05, 2016, 11:59:08 PM
 #3217

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.

You are right if we want to make benefit from its price increase then we should not have to sell our coins and have to keep them in our wallets , and have to use them only if we really to buy something with our money, and we do not have to sell them for fiat but have to choose for to buy with bitcoin if any good we need.

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September 06, 2016, 02:06:31 AM
 #3218

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.
I think if you're using bitcoin to profit and capital you need bitcoin as I think you must be efficient and do not use your bitcoin for something that is not necessary. because of large capital will really help you to get a lot of bitcoin or create a business

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September 06, 2016, 03:10:45 AM
 #3219

Used to spend 1 year ago. Now accumulate some.
I do not spend my Bitcoin because if I spend them I cannot make anymore money by selling them.
The only reason I make use of Bitcoin is because I want to make money of it.
I think if you're using bitcoin to profit and capital you need bitcoin as I think you must be efficient and do not use your bitcoin for something that is not necessary. because of large capital will really help you to get a lot of bitcoin or create a business
Saving our bitcoin will give us a good future because we know the potential of bitcoin that it will be widely use in by different countries, what we have now should be saved and invested, you only spend an amount that is necessary enough but other than that save for the future. Keep your day job take care of your basic needs and use your bitcoins for investment alone.

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September 06, 2016, 03:21:53 AM
 #3220

Very hard to spend bitcoins actively when it's not accepted in your country, but much harder to do online purcheses when you hate online shopping.

That's the truth, if there is no way to convert your bitcoin into fiat in where  you live, I think it's hard for you to use it and if you don't know how to spot which online goods are good then I think you would really hate online shopping... It happened to me so many times, when I purchased some things in online shops, when I receive it, it was not the same as what was stated in the ad...  Smiley I hope day would come that we don't have to process our coins just to use it..  Smiley

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