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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)
phreaky
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October 07, 2016, 08:49:02 AM
 #3581

I am spending it, but I don't really rely on it to buy things that I need.. if I could buy things with fiat and from my salary, then I don't move my coins, but there are things that I need to buy such as mobile load, that way I am spending my bitcoin as it is easier and convenient, no need to go out..

I wonder why the people that spend bitcoin actually use bitcoin in the first place, why wouldn't you use it as an investment with all it's great opportunities for making money it's a great way to learn about money and make profit at the same time.
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October 07, 2016, 09:58:05 AM
 #3582

I am spending it, but I don't really rely on it to buy things that I need.. if I could buy things with fiat and from my salary, then I don't move my coins, but there are things that I need to buy such as mobile load, that way I am spending my bitcoin as it is easier and convenient, no need to go out..

I wonder why the people that spend bitcoin actually use bitcoin in the first place, why wouldn't you use it as an investment with all it's great opportunities for making money it's a great way to learn about money and make profit at the same time.

Using the bitcoin to buy things will encourgage the store operators accept the bitcoin, that will increase the value.
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October 07, 2016, 10:13:41 AM
 #3583

I am spending it, but I don't really rely on it to buy things that I need.. if I could buy things with fiat and from my salary, then I don't move my coins, but there are things that I need to buy such as mobile load, that way I am spending my bitcoin as it is easier and convenient, no need to go out..

I wonder why the people that spend bitcoin actually use bitcoin in the first place, why wouldn't you use it as an investment with all it's great opportunities for making money it's a great way to learn about money and make profit at the same time.

I am also interested in this. Why spend that money can bring. I buy Bitcoin to make money on it
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October 07, 2016, 04:46:08 PM
 #3584


There is a full possibility that price will go higher at the end of the year and that is the reason I am not spending my coins because I am looking for higher profits and better benefits.

If most of the bitcoin hoarders will use bitcoin to spend their Christmas expenses then we can't expect a price increase by end of the year like what happen llast year.

But Im sure expect a price increase prior to Christmas season.
We should be positive on that, the price will increase and we will have a merry Christmas. There is no stopping on bitcoin now and we have risen from big crisis in the past and we have proven how strong bitcoin is, so we should also put our big trust for its future.

Being positive is not enough as we aren't the big hoarders. But you know it's reasonable and have basis to believe that there will be price increase prior to the exact Christmas Day.

But expect a price decrease after it which won't last for many days or weeks. Just a speculation based on past performance.

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doraemon1
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October 07, 2016, 05:27:56 PM
 #3585

Not anymore, I had some bad experiences with some services where I use to spend Bitcoin regularly and after that I haven't find other trusted ones. So only only hodling as of now.
crairezx20
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October 07, 2016, 05:50:26 PM
 #3586

Not anymore, I had some bad experiences with some services where I use to spend Bitcoin regularly and after that I haven't find other trusted ones. So only only hodling as of now.
Maybe you are in bad site that you use bitcoin.. can you mention about the site link so that i can also check why you experience of spending your bitcoin since .. i am still not halving any issue dealing like in buying domains and namecheap.

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Bitcoinsummoner
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October 07, 2016, 06:15:41 PM
 #3587

This is not a good time to spend bitcoins right now since the price of bitcoin there is still possibility that the price will increase more this following months and i think savings is a good thing to do to make a good profit right now ..

..Decision from segwit2x is not Final..
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October 07, 2016, 09:03:21 PM
 #3588

This is not a good time to spend bitcoins right now since the price of bitcoin there is still possibility that the price will increase more this following months and i think savings is a good thing to do to make a good profit right now ..

Thinking that way is good, but spending is also a good thing because money needs to circulate, and just think that if everyone starts holding only, how will this get itself going??? Might have the prices spiked higher, but possibly could get lowered down too, right???
So, it's better to spend some and save some for future like I am doing... Wink

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October 07, 2016, 10:14:25 PM
 #3589

This is not a good time to spend bitcoins right now since the price of bitcoin there is still possibility that the price will increase more this following months and i think savings is a good thing to do to make a good profit right now ..
Yeah you are right this is not good time to spend bitcoin and there is a maximum people holding their bitcoin for the future because bitcoin will increase its price too much faster in few coming months so it good time to hold your bitcoin .

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October 07, 2016, 10:34:28 PM
 #3590

This is not a good time to spend bitcoins right now since the price of bitcoin there is still possibility that the price will increase more this following months and i think savings is a good thing to do to make a good profit right now ..

Thinking that way is good, but spending is also a good thing because money needs to circulate, and just think that if everyone starts holding only, how will this get itself going??? Might have the prices spiked higher, but possibly could get lowered down too, right???
So, it's better to spend some and save some for future like I am doing... Wink
yeah there must be a portion for each holding and spending
but since there is not much place to spend bitcoin actively / daily
make things going hard , you want to spend but don't know where
people recently used bitcoin as currecny to gamble , but i don't like it
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October 07, 2016, 11:38:37 PM
 #3591

Not anymore, I had some bad experiences with some services where I use to spend Bitcoin regularly and after that I haven't find other trusted ones. So only only hodling as of now.
I think when you're afraid for using bitcoin, because there are a lot of fraudsters and scammers, you can use the escrow services to do business with someone, because you do not know is it they are reliable or not, so you can use the escrow, just for security alone

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October 08, 2016, 12:06:41 AM
 #3592

This is not a good time to spend bitcoins right now since the price of bitcoin there is still possibility that the price will increase more this following months and i think savings is a good thing to do to make a good profit right now ..
Yeah you are right this is not good time to spend bitcoin and there is a maximum people holding their bitcoin for the future because bitcoin will increase its price too much faster in few coming months so it good time to hold your bitcoin .

You can think that price of bitcoin will go up but please don't remove the possibility of bitcoin dropping in price.  It is a two opposite way for bitcoin if it moves.  And we can't be sure which way it is, so I think it is best if you spend your bitcoin to some venture that will increase so you will lose a little if it drops in price and gain much more if it moved up.

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hendra147
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October 08, 2016, 12:35:11 AM
 #3593

just use bitcoin for buying domain, top up number phone, paying electric fee etc.
the problem is only few merchand avaible for bitcoin, if more merchand avaible im sure i have more way to spend my bitcoin

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October 08, 2016, 02:06:05 AM
 #3594

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.
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October 08, 2016, 02:10:26 AM
 #3595

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.

i think spending bitcoin is part of method to growing bitcoin in the world, if more people use bitcoin (spending it) so the merchand will get some profit and he will keep support bitcoin. for me more merchand avaible is better than rising price (pump) .

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October 08, 2016, 02:20:41 AM
 #3596

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.

i think spending bitcoin is part of method to growing bitcoin in the world, if more people use bitcoin (spending it) so the merchand will get some profit and he will keep support bitcoin. for me more merchand avaible is better than rising price (pump) .
Exactly, because you contributed to help in increasing on the circulation of bitcoin in the world, you also need to be smart and not just spend alone as you will not benefit it when the whole economy benefited, saving and investing should be done by a certain person to benefit as well.

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October 08, 2016, 09:30:56 AM
 #3597

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.

i think spending bitcoin is part of method to growing bitcoin in the world, if more people use bitcoin (spending it) so the merchand will get some profit and he will keep support bitcoin. for me more merchand avaible is better than rising price (pump) .
Exactly, because you contributed to help in increasing on the circulation of bitcoin in the world, you also need to be smart and not just spend alone as you will not benefit it when the whole economy benefited, saving and investing should be done by a certain person to benefit as well.

If you have bitcoins then there is nothing wrong in spending them, saving them for future is also good but if price goes higher then we should not hesitate in selling them to secure the profits.
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October 08, 2016, 10:33:38 AM
 #3598

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.
i guess you are just a big fan of investment world. you treat bitcoin as investment only , not as digital currency which you should spend it online and offline if you could.

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October 08, 2016, 11:02:02 AM
 #3599

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.
i guess you are just a big fan of investment world. you treat bitcoin as investment only , not as digital currency which you should spend it online and offline if you could.
Yeah everyone should keep on spending their coins to circulate them and it will also help in taking price to higher level which will have positive impact on bitcoin economy.
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October 08, 2016, 11:16:53 AM
 #3600

No I'm not actively spending my bitcoins because I think its not smart to spend them with all these increasing that are coming up.
I have good hopes on the fact that the price will increase very soon.
i guess you are just a big fan of investment world. you treat bitcoin as investment only , not as digital currency which you should spend it online and offline if you could.
just see your point here,bitcoin was made to be currency and not only for investment,just imagine if all of bitcoin users having bitcoin only for investment,never spending it,and thus no one selling bitcoin then bitcoin will be doomed,and saying spending bitcoin isn't smart,what a plain BS


     
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