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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)
Anddos
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January 31, 2016, 01:30:38 PM
 #581

Well, it's money isn't it? It's meant to be spent. And seeing how much bitcoin fluctuates nowadays I don't think it's a good idea to keep it under the mattress.
Yeeeep! You shouldn't keep 100% of your bitcoins in long-term storage. Obviously, you don't want to spend all the money - hold on in case the price goes skyrocketting, but you can spend some money on expenses occasionally. Of course, you should also try trading and seek out some profit that way too
Exactly. It's just common sense that you would use with real money as well. Things in real life also apply here.

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randy8777
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January 31, 2016, 02:57:45 PM
 #582

for the first time in nearly 1.5 months i have spent some coins. i had to buy myself 2 hosting packages for a project i am currently working on. payment went through instantly without the need for a single confirmation.
CryingMidget
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January 31, 2016, 03:34:34 PM
 #583

for the first time in nearly 1.5 months i have spent some coins. i had to buy myself 2 hosting packages for a project i am currently working on. payment went through instantly without the need for a single confirmation.

Buying and all fine dude. How you can send without single confirmation first and Where you bought web hosting package for bitcoins. If you said that would helpful for me. I am gonna make site for my business purpose.
adicted
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January 31, 2016, 06:41:17 PM
 #584

for the moment i use it to buy things from amazon whit purse, and whit the amount that i saved, i buy other bitcoin!
hey mate. is it amazon accepted bitcoin as payment method ? i just know it now
I want to try the truth, hopefully, ebay follow it too add bitcoin

Ebay CEO has been showing interest on bitcoin since 2014 and I am also hoping bitcoin will be finally accepted on ebay as a payment option.  I once saw a seller on ebay that he consider bitcoin as one of his payment options, I think he also used to visit this forum (he service was called BTCnike). Anyways I will be a more active bitcoin spender once ebay will implement it
busybee7
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January 31, 2016, 08:23:51 PM
 #585

im not spending any of my bitcoins because im holding it in my storage and waiting for a growth in price
rekinthis
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January 31, 2016, 08:49:07 PM
 #586

i sometimes spend my coins though im not an active spender to be honest

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February 01, 2016, 04:44:59 AM
 #587

im not spending any of my bitcoins because im holding it in my storage and waiting for a growth in price

yeah, me too, I always keep my coins in my wallet so I can't use it everytime I want, but I always put few  on my online wallet and converted it to fiat, and I am using the fiat to pay some bills,..  Smiley

blackmachinegun
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February 01, 2016, 08:44:35 AM
 #588

for the first time in nearly 1.5 months i have spent some coins. i had to buy myself 2 hosting packages for a project i am currently working on. payment went through instantly without the need for a single confirmation.
nope I think all sites should wait for 1 confirmation in order to confirm your purchase of goods using bitcoin, I often use bitcoin for online payments,with bitpay, and all have to wait 1 confirmation

harizen
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February 01, 2016, 10:32:52 AM
 #589

Do I actively spend my bitcoins?

Yes and using it sometimes in some of my general purposes since I entered a family life few months ago. But it doesn't mean Im spending all of my beloved coins. While spending Im making sure that Im able to sustain my bitcoin earnings monthly to take part of what every good trend in bitcoin.

praprata
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February 01, 2016, 11:00:58 AM
 #590

No, I do not give it out. I save it so I prefer more money.
I find myself namely wiser. Otherwise, I will soon be no more money. I prefer a lot of money later.


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kartaggen
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February 01, 2016, 12:28:08 PM
 #591

No, I do not give it out. I save it so I prefer more money.
I find myself namely wiser. Otherwise, I will soon be no more money. I prefer a lot of money later.

Saving is a good thing, but I believe we need to keep on spending our bitcoins whenever required, the circulation of coins must go on, I sell my few bitcoins weekly and convert to fiat which takes care of my basic expenses.
eeaweeaws
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February 01, 2016, 03:13:05 PM
 #592

I spend them actively online on gambling sites. Other than that, I don't use my Bitcoin.
using bitcoin just for gambling, it looks like you're not utilizing all the advantages that have on bitcoin,
I think you should try to spend bitcoin, with things other than gambling, it's more fun

Gambling is one of the areas where bitcoin makes it so easy to do
That is very true. Especially on this forum, pretty much all the signature campaigns are for gambling sites.

Yes most of us spend Bitcoin in gambling but I do spend it for trading and online shopping I know few Ecommerce site who accept Bitcoin

yes, I also want to spend my bitcoin for trading with online to online shopping and i am very exited but i don't know any online shopping website this thing is very bad for me that's why i am playing online to online gambling.
sishendaoye
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February 01, 2016, 03:29:35 PM
 #593

I spend them actively online on gambling sites. Other than that, I don't use my Bitcoin.
using bitcoin just for gambling, it looks like you're not utilizing all the advantages that have on bitcoin,
I think you should try to spend bitcoin, with things other than gambling, it's more fun

Gambling is one of the areas where bitcoin makes it so easy to do

Yes it is easy to do but the problem is gambling is that you lose.
Mostly you lose your bitcoins by gambling for nothing because you do not gain profit.
I spent them mostly on some online deals I see sometimes here on the forum.
angryrob
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February 01, 2016, 03:30:24 PM
 #594

No, I do not give it out. I save it so I prefer more money.
I find myself namely wiser. Otherwise, I will soon be no more money. I prefer a lot of money later.

Saving is a good thing, but I believe we need to keep on spending our bitcoins whenever required, the circulation of coins must go on, I sell my few bitcoins weekly and convert to fiat which takes care of my basic expenses.

Yes the price of bitcoin will increase if there is a good circulation of coins, if the coins are kept idle in digital wallet then it will be useless and will have no value, so it is better that we keep on spending our coins on a regular basis. Holding and selling at a right time is a better option.

twister
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February 01, 2016, 03:41:33 PM
 #595

I think most people are seeing bitcoin only as an investment option which is why many replies in this thread says that they don't spend their bitcoins and are saving it for a price increase, which is fine but they don't realize, if they use it wherever they possibly can then that will increase the price much faster.

So buy, save, spend and buy again.

 

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JAyThaRevo
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February 01, 2016, 05:46:44 PM
 #596

I think most people are seeing bitcoin only as an investment option which is why many replies in this thread says that they don't spend their bitcoins and are saving it for a price increase, which is fine but they don't realize, if they use it wherever they possibly can then that will increase the price much faster.

So buy, save, spend and buy again.

Exactly, there should be a movement in bitcoins, it is useless to hold bitcoins without using it and only hoping that price will reach moon and that would be the right time to sell, if there is a rotation in bitcoins then price would be much higher and stable.
Denker
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February 01, 2016, 06:44:57 PM
 #597

I think most people are seeing bitcoin only as an investment option which is why many replies in this thread says that they don't spend their bitcoins and are saving it for a price increase, which is fine but they don't realize, if they use it wherever they possibly can then that will increase the price much faster.

So buy, save, spend and buy again.

Exactly, there should be a movement in bitcoins, it is useless to hold bitcoins without using it and only hoping that price will reach moon and that would be the right time to sell, if there is a rotation in bitcoins then price would be much higher and stable.

You need both.Coins in circulation and coins being hoarded.I see no reason why you only should spend your coins.
If demand increases and less coins are in circulation the price will rise.
What do you think will happen during halving when reward will get cut in half and demand stays the same?!
This is almost the same effect.

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February 01, 2016, 07:22:10 PM
 #598

I think most people are seeing bitcoin only as an investment option which is why many replies in this thread says that they don't spend their bitcoins and are saving it for a price increase, which is fine but they don't realize, if they use it wherever they possibly can then that will increase the price much faster.

So buy, save, spend and buy again.

Exactly, there should be a movement in bitcoins, it is useless to hold bitcoins without using it and only hoping that price will reach moon and that would be the right time to sell, if there is a rotation in bitcoins then price would be much higher and stable.

You need both.Coins in circulation and coins being hoarded.I see no reason why you only should spend your coins.
If demand increases and less coins are in circulation the price will rise.
What do you think will happen during halving when reward will get cut in half and demand stays the same?!
This is almost the same effect.
Circulation increases the amount of demand. Of course you need both coins in circulation and hoarded coins, but the more trading there is, the more demand it places on the market. It's good to use your bitcoins a lot, but obviously you should store some in case the price increases.
adicted
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February 01, 2016, 08:43:47 PM
 #599

I spend them actively online on gambling sites. Other than that, I don't use my Bitcoin.
using bitcoin just for gambling, it looks like you're not utilizing all the advantages that have on bitcoin,
I think you should try to spend bitcoin, with things other than gambling, it's more fun

Gambling is one of the areas where bitcoin makes it so easy to do
That is very true. Especially on this forum, pretty much all the signature campaigns are for gambling sites.

Yes most of us spend Bitcoin in gambling but I do spend it for trading and online shopping I know few Ecommerce site who accept Bitcoin

yes, I also want to spend my bitcoin for trading with online to online shopping and i am very exited but i don't know any online shopping website this thing is very bad for me that's why i am playing online to online gambling.

Online shopping sites may vary to different countries, as for example here on the Philippines, there is a site called cashcashpinoy where we can shop some items and they accept bitcoins. You should try asking your fellow countrymen if there is such site exclusively for your country. On the other hand, you can try looking up some online shops that accepts btc payments here : http://www.thebitcoinpage.com/   It has a massive list and hope you can pick one to shop with Wink
Anddos
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February 01, 2016, 09:58:25 PM
 #600

I think most people are seeing bitcoin only as an investment option which is why many replies in this thread says that they don't spend their bitcoins and are saving it for a price increase, which is fine but they don't realize, if they use it wherever they possibly can then that will increase the price much faster.

So buy, save, spend and buy again.

Exactly, there should be a movement in bitcoins, it is useless to hold bitcoins without using it and only hoping that price will reach moon and that would be the right time to sell, if there is a rotation in bitcoins then price would be much higher and stable.

Agreed. It's economics. And as with any economic system things have to be in motion for the system to survive and thrive.

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