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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 256541 times)
bitlancr
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December 23, 2015, 10:54:08 AM
 #361

Well maybe I a not actively spending my bitcoin, but this Christmas for sure I will purchase some gadgets and presents for my family.
I hope that there will be some discounts with bitcoin, that would be nice for me. I wish that more stores could just accept bitcoin.
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December 23, 2015, 11:57:43 AM
 #362

I did try to keep my bitcoins intact as an investment...

But then i discovered two great startups (interesting, both from my home country Slovenia), that let me pay for anything without worrying about my investment.

Cashila https://www.cashila.com/
Lets me pay bills using bitcoins. Works by converting bitcoins to EUR at the current exchange rate and paying for anything via SEPA. It's great if you are from the EU. Usually I use them when paying for my gsm bill, when i want to cash out bitcoin to my bank account, or i need to pay a friend, hehe.

The other one is Reload by Bitnik https://reload.bitnik.eu/
Keeps an eye for outgoing transactions from my wallet address and every time i make a purchase - it instantly buys the same amount from the exchange of my choice.

Now i can freely spend my bitcoins on almost anything, and when i do, my btc balance stays the same.
Give them a try and spend bitcoins whenever you can Wink
Great idea, thanks. In connection with cashila, could you please advice about the costs? Are there any fixed fees or the fee is based on the amount you transfer via SEPA? I'll have a detailed look on it later on, but I'm sure you can summarize the cost part more straight forward then their website which is usually more marketing oriented

At Cashila the fee is based on the amount you transfer - it's a fixed 1% for every incoming transactions, outgoing are free. Check out the official announcement here at Bitcointalk, you should be able to get a 0% fee for testing the service Smiley

I have big trust issues with such websites. I didn't mind keeping money in Coinbase, I didn't mind using Uphold, but I sure as hell would not trust those unless they somehow managed to gain immersive reputation, receive investments etc. Just have heard to many horror stories about scams.

Bitnik has bitcoin ATMs all around Slovenia. Haven't tried the ATM yet, but Reload works as expected.. best part it is free Smiley

Cashila on the other hand did receive investments - as a startup they got seed funding from LAUNCHub, you can see them in their portfolio at http://launchub.com/portfolio/
Also they have a license by the Czech National Bank, are regulated, and are very reputable from where i come..

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December 23, 2015, 12:00:01 PM
 #363

I am not trying to spend my bitcoins now. I am so few of them.
I would like to spend it when I have more than 10 bitcoins so more of the bitcoin that I have I can just save it.
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December 23, 2015, 12:28:56 PM
 #364

I usually confused about where to spend my bitcoin, because there are very few shops that accept bitcoin, so I usually trade them into fiat money first

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December 23, 2015, 12:35:10 PM
 #365

I usually confused about where to spend my bitcoin, because there are very few shops that accept bitcoin, so I usually trade them into fiat money first

You can do also in online right? You can purchase something in there. Well if you are just going for shopping is just better to convert it. Because for now is a few shops that just accept bitcoin. That is one of the reason I don't like.
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December 23, 2015, 12:37:02 PM
 #366

I don't... I like to hold it until the price increases dramatically then spend it. That's not active at all though.

So you don't spend any of your bitcoin. Why don't you? Bitcoin is not just an investment, it is a great way to pay for things online.

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December 23, 2015, 01:26:40 PM
 #367

I do not know, I only collect bitcoin on target and when the target I was already collected me directly exchange bitcoin I have with the existing currency in my country, I used to use that money for my personal interests, so I did not know existed in parts people who spend a bitcoin or people who collect bitcoin, but maybe yes  Cheesy


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December 23, 2015, 01:45:03 PM
 #368

I don't like to spend my bitcoins is just like my savings. With this is you can make more profit.
So for me I am just holding my bitcoins until when I want to spend it.
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December 23, 2015, 02:44:35 PM
 #369

Actively spending bitcoin I don't think so otherwise I would have 0 bitcoin now.
I just like spending with my fiat and with bitcoin holding and trading.
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December 23, 2015, 02:57:15 PM
 #370

Actively spending bitcoin I don't think so otherwise I would have 0 bitcoin now.
I just like spending with my fiat and with bitcoin holding and trading.

well you can always spend and buy more with fiat, i see no difference, even if the price increase you would buy more things with the new value of bitcoin

this amortizes the continue buying at a higher price

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December 23, 2015, 03:19:57 PM
 #371

I'm not spending my bitcoin since there is no any merchants accept bitcoin near me, I just collecting bitcoin then convert it to fiat.
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December 24, 2015, 03:02:40 PM
 #372

I keep most of my BTC in my wallet. Sold some for euro's to get my initial investment back though. Right now I am accumulating BTC by trading altcoins with a small part of the "free" BTC I have left Smiley. Not spending it in stores or anything, as the ones I usually use don't accept bitcoins (yet).
How long will you be accumulating bitcoins and in what price do you spend them? You consider this as a long-term investment?



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December 25, 2015, 04:06:59 PM
 #373

I do spent my bitcoins occasionally but not enough i have agree on that.
The speculuation with bitcoin is what got me into bitcoin on the first place.
Right now i try to use it more.

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December 25, 2015, 04:12:47 PM
 #374

I do spent my bitcoins occasionally but not enough i have agree on that.
The speculuation with bitcoin is what got me into bitcoin on the first place.
Right now i try to use it more.

I do the same. A part is used for speculation and a part of my coins is reserved for buying goods online.
The speculation part is way bigger and I feel it will only grow since i am starting to like so much.

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December 25, 2015, 04:16:01 PM
 #375

Im just spending my bitcoin if i need to recharge my mobile phone Smiley
but i withdraw my bitcoin (~0.1) every week, because local currency easier to use than bitcoin at "this time"
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December 25, 2015, 04:21:33 PM
 #376

I do spent my bitcoins occasionally but not enough i have agree on that.
The speculuation with bitcoin is what got me into bitcoin on the first place.
Right now i try to use it more.

I do the same. A part is used for speculation and a part of my coins is reserved for buying goods online.
The speculation part is way bigger and I feel it will only grow since i am starting to like so much.

Yeah i am also buying bitcoins and selling them. Just to make a quick buck.
These days it's been a paradise for speculators which so many ups and downs to make some good profit.

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December 25, 2015, 04:22:48 PM
 #377

I do spent my bitcoins occasionally but not enough i have agree on that.
The speculuation with bitcoin is what got me into bitcoin on the first place.
Right now i try to use it more.

I do the same. A part is used for speculation and a part of my coins is reserved for buying goods online.
The speculation part is way bigger and I feel it will only grow since i am starting to like so much.

Yeah i am also buying bitcoins and selling them. Just to make a quick buck.
These days it's been a paradise for speculators which so many ups and downs to make some good profit.

I did the same mate.
Right now i am following the charts closely. Even though it is a holiday there we could see a very high up or down these days.
That's a lot of potential profit to miss out.

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December 25, 2015, 04:26:08 PM
 #378

I actively spend my bitcoins at gambling websites everyday, other than that I don't use them for anything else, I don't shop a lot online and when I do, the stores I buy from do not accept Bitcoins currently so there isn't much choice and I have trust issues so I don't want to shop at new establishments, also since bitcoins scams are so common.

 

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December 25, 2015, 05:07:57 PM
 #379

I spent bitcoins but not on E-shopping sites,i basically use my bitcoins for purchasing domains,top up my phone and gift vouchers..i never sell my bitcoins though..whatever i earn or make in btc's i spend them Cheesy
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December 25, 2015, 05:08:01 PM
 #380

Yes, I spend my coins. If I won't spend my coins why would I collect coins? Do you spend your money or look at them in your house all day? I earn Bitcoin, I spend it, it's that simple.



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