harizen
Legendary
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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March 14, 2016, 04:30:10 PM |
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There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.
yeah it becomes a major consideration because we cannot buy small items like toothpaste abroad country via online right. so the only way is convert to fiat When it comes to budget friendly product I'd rather not to use bitcoin. The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.
Note: Don't take seriously my example about $100 price of a single toothpaste.Yes there will be a time to spend your Bitcoins. But now is not the right time to spend it, because the value is not even that high. We all hope that the value will rise and that the most people will have some profit, so they have later more money and that will be so good. Well Im different. Im getting out when I sees a nice profit. If I will wait for that "skyrocket" price my quantity of coins today are useless. I can make more coins if Im going to take it out for a trade while waiting for that "skyrocket" price. |
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Altcoinsupporter
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March 14, 2016, 05:37:41 PM |
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Its not that smart now to spend it I think. Or you must be in emergency or something. The value is not that high.
It is better if you wait longer if the value is higher, than you can spend it much more.
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praprata
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March 14, 2016, 07:54:35 PM |
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No I do not spend them actively if I'm honest most of the times I'm only spending them on digital goods, if I'm doing that.
I'm also waiting on the halving that is coming this year.
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Iseecookies
Member
Offline
Activity: 84
Merit: 10
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March 14, 2016, 08:05:02 PM |
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Prefer to hold onto the bitcoin I do have for eventually building a nest egg if the future allows bitcoin to prosper.
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Jmild1
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March 14, 2016, 08:10:57 PM |
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When I was starting to use bitcoin I use it a lot but now that I realize bitcoin might increase it's value. I'm storing it in my wallet hoping to have more value in the future when I'm going to withdraw it
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knowhow
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March 14, 2016, 09:02:22 PM |
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Well since i offer loans and the most loans i had provided had been defaulted i may say i spend actively my bitcoins,but in the end i recover them.
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Akupuniard
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March 14, 2016, 09:34:21 PM |
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When I was starting to use bitcoin I use it a lot but now that I realize bitcoin might increase it's value. I'm storing it in my wallet hoping to have more value in the future when I'm going to withdraw it
Most people think this way but what will you do if btc's will not increase value? Just want to know  |
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mrhelpful
Legendary
Offline
Activity: 1456
Merit: 1002
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March 14, 2016, 09:51:18 PM |
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There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.
yeah it becomes a major consideration because we cannot buy small items like toothpaste abroad country via online right. so the only way is convert to fiat When it comes to budget friendly product I'd rather not to use bitcoin. The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.
Note: Don't take seriously my example about $100 price of a single toothpaste.If anything bitcoin should be spared for higher value ticket items. Well this is how I do it, and it sounds like you do the same. Yeah, buying toothpaste should be considered using cash.. esp anything under $50 value. Unless you dont have cash then thats different. |
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jt byte
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March 14, 2016, 10:17:36 PM |
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Spending your bitcoins actively can be good, but I'm not doing this because I'm long investing my bitcoins, the future if the bitcoin is bright in my opinion.
So its simple if you want to make a lot of profit right, do not spend any money, its the same as if you want to save money at your bank.
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ss890
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March 14, 2016, 10:19:54 PM |
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I spend my bitcoins into online stores to buy something.... But i actively spend my btc into gambling  I am little addicted  |
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Jmild1
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March 14, 2016, 10:48:09 PM |
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When I was starting to use bitcoin I use it a lot but now that I realize bitcoin might increase it's value. I'm storing it in my wallet hoping to have more value in the future when I'm going to withdraw it
Most people think this way but what will you do if btc's will not increase value? Just want to know Nothing, if it will not increase nor decrease then it is still fine for me since it will be the same as storing my money and get it whenever I need it. But if it will decrease then probably it will be a loss for me, but the chance that btc will decrease it's price to a very low value is so little. So I take the luck to store it for now. |
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lolgato1
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March 14, 2016, 11:12:03 PM |
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My bitcoins move around frequently but I always get the same or more back. Usually doing business with other peeps, or giving gambling a try it's usually active.
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Hellacopter
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March 14, 2016, 11:23:19 PM |
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Usually i spend my bitcoins to pay some bills or buy some services online, but nowadays i try to hold some bitcoins in my wallet, because it's expected that the Bitcoin's price will increase after the next halving.
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elyas772
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March 15, 2016, 03:13:26 AM |
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Usually i spend my bitcoins to pay some bills or buy some services online, but nowadays i try to hold some bitcoins in my wallet, because it's expected that the Bitcoin's price will increase after the next halving.
if your bill very low arround uder $50 i think better for you to still spend your bitcoin, you must pay your bill using bitcoin, im use it too. for me use bitcoin is more simple than bank. |
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goinmerry
Legendary
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Activity: 2940
Merit: 1083
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March 15, 2016, 05:02:02 AM |
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Its not that smart now to spend it I think. Or you must be in emergency or something. The value is not that high.
It is better if you wait longer if the value is higher, than you can spend it much more.
It will always depend on the situation. If it is needed then use it. It is yours, you are the one who controls it. Regrets will always be at the end. But for workers here who keeps it that is one hell of a patience you got there. Thumbs up!. |
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CjMapope
Legendary
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Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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March 15, 2016, 05:05:11 AM |
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I DON'T SPEND A COIN, ever. that's not to say i have never sold a coin for fiat, but i only have when i needed the fiat more than the btc ;p other than that it's an easy hold and get rich mentality  |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
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Piltover
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March 15, 2016, 10:09:10 AM |
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Around this time it is not good to spend your Bitcoins. Because the value is not that high so you wont get much money for it.
It will be much better if you wait a little longer when the value has rise. Than you can have some more money later.
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jeremy grol
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March 15, 2016, 02:47:37 PM |
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Accumulating before halving
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harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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March 15, 2016, 03:04:08 PM |
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There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.
yeah it becomes a major consideration because we cannot buy small items like toothpaste abroad country via online right. so the only way is convert to fiat When it comes to budget friendly product I'd rather not to use bitcoin. The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.
Note: Don't take seriously my example about $100 price of a single toothpaste.If anything bitcoin should be spared for higher value ticket items. Well this is how I do it, and it sounds like you do the same. Yeah, buying toothpaste should be considered using cash.. esp anything under $50 value. Unless you dont have cash then thats different. That's why it's a good practice to have a spare of fiat rather than relying on bitcoin itself as a source of buying some misc things etc. Bitcoin price actively fluctuates everytime rather than fiat so let's take advantage of that. |
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CoinsRoyal
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March 15, 2016, 04:25:07 PM |
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There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.
yeah it becomes a major consideration because we cannot buy small items like toothpaste abroad country via online right. so the only way is convert to fiat When it comes to budget friendly product I'd rather not to use bitcoin. The $100 value of your bitcoin that you spend on toothpaste can be $200 or more in just a matter of days.
Note: Don't take seriously my example about $100 price of a single toothpaste.If anything bitcoin should be spared for higher value ticket items. Well this is how I do it, and it sounds like you do the same. Yeah, buying toothpaste should be considered using cash.. esp anything under $50 value. Unless you dont have cash then thats different. That's why it's a good practice to have a spare of fiat rather than relying on bitcoin itself as a source of buying some misc things etc. Bitcoin price actively fluctuates everytime rather than fiat so let's take advantage of that. Indeed. it is very good to save your coins. Because the value isnt even that high to sell it. You would be stupid if you are spending it now these days. Because you wont get much from it. |
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