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Author Topic: Spending Bitcoins  (Read 101027 times)
palle11
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September 16, 2017, 09:45:35 PM
 #1401

Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.

That is the issue because many people are not yet understanding what bitcoin is and to use it. So spending it is a bit difficult but with time, it will get there   .
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"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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September 16, 2017, 09:49:10 PM
 #1402

Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.

That is the issue because many people are not yet understanding what bitcoin is and to use it. So spending it is a bit difficult but with time, it will get there   .

What you are telling is not fully correct, if their is shops nearby you where you can spend bitcoins and purchase it then they will surely start to use it bitcoins to spend and purchase goods. Only option is shops and other business should start accepting bitcoin payment.
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September 17, 2017, 01:15:50 AM
 #1403

I think we must reduce our bitcoin spended as we can !
Because bitcoin value is multiplying day after day and every spend is a lost of Money.
I agree to that. We must decrease or reduce the spending habits that we developed in bitcoin because it will not help us to save more bitcoin and earn a lot of money in the future because of the bad spending habits and instead of spending bitcoin why just spend fiat money and don't always rush things to enjoy your profit in bitcoin.
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September 17, 2017, 03:19:48 AM
 #1404

I believe so that not all country does exercise the system of bitcoin. In my country we do not do so because most of the establishment here are accepting bills or currency, those business are also not accepting bitcoin but maybe if your are going to have it by person it depends upon if the person have bitcoin..

Its true not all country adapting this system. Maybe some the service accept it like online buying and selling goods. Like in my country bitcoin is not that popular. Only few people knows it.

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September 18, 2017, 02:01:34 PM
 #1405

For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
Yes! True according to me the idea of spending your bitcoin is not good yet. It is good to hold your bitcoin and in some countries people don’t really know about bitcoin so it is not so common but in my country more people are now searching about bitcoin and they are trying to get into bitcoin so that the price of the bitcoin is increasing as the circle of the bitcoin in getting more and more high.

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September 18, 2017, 02:08:03 PM
 #1406

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.


We all know that bitcoin is still not popular in some other countries. So I think we cannot use bitcoin to pay our daily expenses. Because we all know that bitcoin is still digital currency so for us to use the value of bitcoin we need to convert in into real money. So I think one of the list why we cannot use the bitcoin for paying our expenses is because of it's high value and it's still digital. Many hackers are there to steal your money so it is still not safe to use bitcoin.
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September 18, 2017, 02:13:31 PM
 #1407

people mostly spend their bitcoins on digital goods. i think we have to see a wider variety of merchants accepting bitcoin payments. for example when i need to buy a new sofa, or maybe some furniture. would be great to use bitcoin as form of paymenr there.
I hope sp, but sadly, only few who accept bitcoin as a form of payment. Most of the time we need to convert our bitcoin first into fiat before we used it to buy things that we want. Me I spend my bitcoin to buy stuffs that I need in my life and for the financial needs of my family. I hope soon we can freely used bitcoin so that we dont need to convert it into fiat before we use it.

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September 22, 2017, 06:51:59 AM
 #1408

For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
You do not understand that by such actions you do turn bitcoin into a huge bubble. You can spend a lifetime collecting coins and in old age to know that they do not give half of what you planned. Any currency must have a turnover. If people will use crypto currency in everyday life cannot be banned. Think about it.
I am very much with you about the fact that if we will keep using bitcoins for daily purposes, they will definitely increase in popularity making them more valuable. There is no need to waste money on other so called evergreen and profitable coins or assets like eth, companies etc.
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September 22, 2017, 07:49:15 AM
 #1409

Certainly of the many peoples who have bitcoin, have different ways to spending bitcoin and depends in the country he/she lives. Some countries may already have some companies that provide direct payments with bitcoin, but there are also countries that haven't yet provided some companies that provide direct payments with bitcoins. in the country / region i live i spending bitcoin can't directly use it to buying something like food, drinks, clothes, etc., I still have to selling bitcoin first into regular currency and then spending it.

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September 22, 2017, 07:53:29 AM
 #1410

For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin

Yes i agree with you bitcoin will increase his value in the future. Im now also saving bitcoins to sell them in the future. After a few years if bitcoins price is the same Im just going to sell them.

If you are lucky and you don't use your bitcoin to afford things after a few years bitcoin can maybe rise up to 10k dollars.
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September 22, 2017, 08:40:14 AM
 #1411

you only need card like crytopay.me or other ask plastic one to buy things by  bitcoins
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September 22, 2017, 09:21:37 AM
 #1412

I hope someday can have bitcoin debit card and many available bitcoin ATM. In addition, malls or supermarkets soon receive bitcoin so I can use bitcoin more widely.

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mel0924
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September 22, 2017, 09:36:19 AM
 #1413

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

In our country bitcoins is not been used yet in the market but there are few because only few know about bitcoins but slowly and slowly many got interest to know what is bitcoins. Bitcoins is very useful for me and so with others who know more and earn more with it.

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September 23, 2017, 05:57:52 AM
 #1414

I am forced to spend some bitcoin sometimes because im usually 100% in btc
Yes the usage and spending bitcoin is a problem for many people, because of the worse and difficult process of payments. People may keep their bitcoins in their blockchain wallets just for the purpose of making and earning more and more money.

So I think that instead of spending, keeping the bitcoin is more profitable and useful. Spending may become easier in the coming years.

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September 23, 2017, 12:16:05 PM
 #1415

you only need card like crytopay.me or other ask plastic one to buy things by  bitcoins
Yes, it is not a big deal to spend your Bitcoins in order to buy the things you need. But I will not appreciate this idea of spending Bitcoins no matter what the circumstances are. Bitcoin is the most valuable thing and you need to make the best use of Bitcoin instead of just spending it. You need to think very much wisely.
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September 24, 2017, 12:08:30 AM
 #1416

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

In ordee for you to use the bitcoin you had earned, it should go first in many process like converting it into your country's currency. After that, the bitcoin you have converted will be your money that you can use in sustaining your daily needs. Bitcoin cannot be used by people who dont have any idea or knowledge what is it.

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September 24, 2017, 12:35:51 AM
 #1417

There are only limited areas who could access bitcoins, Some local people don't realize bitcoin due to lack of gadgets and even they hear the name bitcoin but they don't see useful things on it. Lack of information and government keeps silent about bitcoin because it is not legalized, and uncontrollable.
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September 24, 2017, 12:40:06 AM
 #1418

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

There are lots of reasons why some people could not use bitcoin in their daily life expenses. Those reasons varies from different perspectives of people and also different countries where they came from. Well, what I can see is that legalization of bitcoin is one of the greatest problems why people cannot use bitcoin in daily life situation. The other thing is that it is not widely use and known in their country so they still have to exchange it into their national currency to have worth. There are no establishments that have been accepting bitcoin in terms of payment purposes.
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September 24, 2017, 12:42:12 AM
 #1419

you only need card like crytopay.me or other ask plastic one to buy things by  bitcoins
Yes, it is not a big deal to spend your Bitcoins in order to buy the things you need. But I will not appreciate this idea of spending Bitcoins no matter what the circumstances are. Bitcoin is the most valuable thing and you need to make the best use of Bitcoin instead of just spending it. You need to think very much wisely.
Yes use it wisely because bitcoin is a valuable currency on which we can earn more money by holding it and there are many people now who want to have a Bitcoin that's why they make strategies to make the market down and they can enter to it.

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October 03, 2017, 12:01:49 PM
 #1420

We could not use bitcoin in future basically since it can not maintain the demand from customers if all individuals utilized it. Another cause is that, paying out by means of bitcoin need to have to be online. In is not essentially relevant for complete day to working day way of getting.
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