freedomgo
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September 04, 2016, 11:18:10 AM |
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Probably yes because I am a earner bitcoin. I earn bitcoin because I need money to be spend in my school finance problem and also for my financial problem in daily life. So bitcoin is my savings account because I dont have bank accounts.
you are right if we have not any bank account then we can save our bitcoin in bitcoin wallet i think there is all people are saving bitcoin in bitcoin wallet because its very safest and secure than bank account . You cannot say that its the safest the bank as your bitcoin wallet may got hack and once you loose your coins they are forever gone and you cannot recover it but if it happens with banks then they will help you in recovering your money. Bank will guarantee your money is always safe because it is insured, when you put your money in your bitcoin wallet, it is not savings anymore and the appropriate word to call it is investments so you have to bear the risk because every investment has a risk associated on it. |
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Spirit2016
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September 04, 2016, 01:05:52 PM |
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Probably yes because I am a earner bitcoin. I earn bitcoin because I need money to be spend in my school finance problem and also for my financial problem in daily life. So bitcoin is my savings account because I dont have bank accounts.
you are right if we have not any bank account then we can save our bitcoin in bitcoin wallet i think there is all people are saving bitcoin in bitcoin wallet because its very safest and secure than bank account . You cannot say that its the safest the bank as your bitcoin wallet may got hack and once you loose your coins they are forever gone and you cannot recover it but if it happens with banks then they will help you in recovering your money. Bank will guarantee your money is always safe because it is insured, when you put your money in your bitcoin wallet, it is not savings anymore and the appropriate word to call it is investments so you have to bear the risk because every investment has a risk associated on it. Working with bitcoin is always a risk and control is needed here is very serious. Actual currency kept in banks and for these currencies are always stable, but when it comes to cryptocurrency, the bitcoin exchange rate is always fluctuating and lose the coin can be constantly as it happened already with Bitfinex. |
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michelle1845
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Merit: 10
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September 04, 2016, 02:36:20 PM |
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I have not used my coins on daily expenses until now. I'm trying to understand this system, when I understand more aspects about it, all i want to do it is to use my bitcoin and spend it as well.
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umaOuma
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September 04, 2016, 02:43:08 PM |
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I have not used my coins on daily expenses until now. I'm trying to understand this system, when I understand more aspects about it, all i want to do it is to use my bitcoin and spend it as well.
Yes its better to spend more time here instead of spending bitcoins in hurry, and one more suggestion that never spend it on gambling or else you will loose everything that you have. |
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angryswamp
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September 04, 2016, 04:17:26 PM |
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I don't spend much of it, at least not in the conventional daily expenses. Instead, I'm saving most part of it in a safe wallet, since there are not too many places to spend it where I live.
theer are some online shops from where you can buy good for your real life with bitcoin, like purse and shopawl at there you can also order things from amazon and ebay etc. Though there are online shops that lets you shop with your bitcoins but the shipping fees are really high most of the times for some countries and that is a big reason why some people even me don't dare to buy anything from there because i will have to fee more money for fees than the price of that thing. Exactly and if shipping costs are higher then it will not be a profitable purchase to make, and people will prefer to buy from local sites using credit card or by cash. you are right, i never spend my bitcoins in real life because im holding it for the future in order to make some income easily out of the bitcoins i lready have |
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dezoel
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Merit: 1081
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September 04, 2016, 04:22:00 PM |
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I don't spend much of it, at least not in the conventional daily expenses. Instead, I'm saving most part of it in a safe wallet, since there are not too many places to spend it where I live.
theer are some online shops from where you can buy good for your real life with bitcoin, like purse and shopawl at there you can also order things from amazon and ebay etc. Though there are online shops that lets you shop with your bitcoins but the shipping fees are really high most of the times for some countries and that is a big reason why some people even me don't dare to buy anything from there because i will have to fee more money for fees than the price of that thing. Exactly and if shipping costs are higher then it will not be a profitable purchase to make, and people will prefer to buy from local sites using credit card or by cash. you are right, i never spend my bitcoins in real life because im holding it for the future in order to make some income easily out of the bitcoins i lready have If you don't have an option to spend then its good to hold them for the future as by then we will find many places where we can spend our coins. |
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ronaldo40
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September 04, 2016, 04:27:48 PM |
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I don't spend much of it, at least not in the conventional daily expenses. Instead, I'm saving most part of it in a safe wallet, since there are not too many places to spend it where I live.
theer are some online shops from where you can buy good for your real life with bitcoin, like purse and shopawl at there you can also order things from amazon and ebay etc. Though there are online shops that lets you shop with your bitcoins but the shipping fees are really high most of the times for some countries and that is a big reason why some people even me don't dare to buy anything from there because i will have to fee more money for fees than the price of that thing. Exactly and if shipping costs are higher then it will not be a profitable purchase to make, and people will prefer to buy from local sites using credit card or by cash. you are right, i never spend my bitcoins in real life because im holding it for the future in order to make some income easily out of the bitcoins i lready have If you don't have an option to spend then its good to hold them for the future as by then we will find many places where we can spend our coins. very precise, most likely in the future is a time for many online and offline stores that accept bitcoin as a payment. I even think bitcoin will be used by many as a future transaction. because so many benefits and convenience when used as a bitcoin transaction. |
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extrabyte
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Activity: 840
Merit: 1000
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September 04, 2016, 04:30:24 PM |
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Probably yes because I am a earner bitcoin. I earn bitcoin because I need money to be spend in my school finance problem and also for my financial problem in daily life. So bitcoin is my savings account because I dont have bank accounts.
you are right if we have not any bank account then we can save our bitcoin in bitcoin wallet i think there is all people are saving bitcoin in bitcoin wallet because its very safest and secure than bank account . there is no other way to do. bitcoins can only be safe in wallet. there is no chance to save bitcoin in a bank. and about saving the money in bitcoin I would say it is risky at this time. as bitcoin price is totally un reliable. there is lot of unexpected ups and down. |
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nasituygun
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Activity: 952
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September 04, 2016, 04:32:00 PM |
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I do spend my bitcoins in real life since I always find a service or a good to buy on web. Although each time I spend them it feels bad and undervalued. Feels like I'm spending my kid's collage funds.  |
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JessicaSe
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Activity: 840
Merit: 1000
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September 04, 2016, 05:29:35 PM |
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I do spend my bitcoins in real life since I always find a service or a good to buy on web. Although each time I spend them it feels bad and undervalued. Feels like I'm spending my kid's collage funds. Lol then I think you should not spend it and save it for future, as for the better future of kids we can afford to sacrifice our spendings for their better future, and we can buy anything that we want with fiat. |
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richkellj
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September 04, 2016, 06:40:46 PM |
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I don't spend much of it, at least not in the conventional daily expenses. Instead, I'm saving most part of it in a safe wallet, since there are not too many places to spend it where I live.
I have never seen in my city and even when I go to out of town I never saw a shop that accepts bitcoins or even any other currency. I know the day is not far when we will be able to pay for our needs via bitcoins or other online processors. While I am waiting for that, I think stocking bitcoins is the best idea. |
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nasituygun
Legendary
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Activity: 952
Merit: 1006
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September 05, 2016, 12:11:49 AM |
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I do spend my bitcoins in real life since I always find a service or a good to buy on web. Although each time I spend them it feels bad and undervalued. Feels like I'm spending my kid's collage funds. Lol then I think you should not spend it and save it for future, as for the better future of kids we can afford to sacrifice our spendings for their better future, and we can buy anything that we want with fiat. I still have no kids. I just wanted to give an example how it feels to spend my - I think fairly hard earned - btc. I now its just a money and I have accepted that long time ago, but it has unstable value. I strongly believe, in general, the price should be more stable if we want btc to be spent as real medium of exchange which is infact what its made for. |
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madwica
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September 05, 2016, 01:22:50 AM |
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I already spend my bitcoin in real life but i do not spend bitcoin it self, my bitcoin will always exchange to fiat before i can spend because there is no stores accepting bitcoin at this moment here in my country but i am hoping that soon they will adopt bitcoin in their business.
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dandroid
Member
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September 05, 2016, 01:30:21 AM |
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In most of the cases I have to convert bitcoin into fiat, and then use it for daily expenses. But at the time I'm not spending it in large amount, I am holding it in bitcoin, it seems to be a good thing to do at the moment.
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vero
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September 05, 2016, 01:54:53 AM |
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I don't spend much of it, at least not in the conventional daily expenses. Instead, I'm saving most part of it in a safe wallet, since there are not too many places to spend it where I live.
I have never seen in my city and even when I go to out of town I never saw a shop that accepts bitcoins or even any other currency. I know the day is not far when we will be able to pay for our needs via bitcoins or other online processors. While I am waiting for that, I think stocking bitcoins is the best idea. there is actually a place where you can spend a bitcoin directly, you can find a place where information can be spent directly nearest where you live if you want to feel how to use bitcoin transactions directly. |
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naidray
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Activity: 1232
Merit: 1029
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September 05, 2016, 07:58:30 AM |
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To spend coins in real life would mean that I have a real life, which I don't have.  Some people think that if they order something online and they get it shipped to their house then it is spending bitcoins in real life while this is not what I will call real life spending since you paid for it online and not offline. And hence it is still online shopping. Moreover now a days bitcoin has become more liquid similar to fiats but still in some countries. |
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ed_teech
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September 05, 2016, 08:13:28 AM |
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Actually, no.
The only good usecase I have available is buying VPN services which I'm buying with fiat. They end up being saved in my wallet.
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Alauria
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September 05, 2016, 08:26:24 AM |
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I dont spent coins on real life and that is only because i dont know what to buy with bitcoins and what i do know is that investing with bitcoins make allot more money than buying things with it
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Alauria
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September 05, 2016, 08:51:12 AM |
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I never spent coins on real life because i am only trading with the coins because i want to make money instead of spending it in real life i have cash to spent not coins coisn needs to trade or hold.
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2legit2
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September 05, 2016, 01:14:41 PM |
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In most of the cases I have to convert bitcoin into fiat, and then use it for daily expenses. But at the time I'm not spending it in large amount, I am holding it in bitcoin, it seems to be a good thing to do at the moment.
to be honest i never convert any of my bitcoins into fiat for sure and i think that in the future there is not going to be a need because bitcoin will replace the fiat |
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