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Author Topic: Spending Bitcoins  (Read 101027 times)
ASICHEAD
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October 03, 2017, 12:37:51 PM
 #1421

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.
Most of the newbie investors have that thought. They do not care the volatility of Bitcoin every day, they only know invest their money into Bitcoin and hold it for long term, they will have profits. But the fact not easily, today, you are trading in a market famous, it not like a speculative place as few years ago when Bitcoin was still cheap price.

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October 03, 2017, 12:47:35 PM
 #1422

I would love to have that debit card but  I can't afford to use it daily because there's only 1 bitcoin ATM here in my country at this moment. And the sad thing about that is it's far from my location so it's not wise and it will be hassle for to use it so right now I still keep on depending with cash. It's a unique thing if I have those debit cards today but I can't help myself I'll wait on that day.

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October 03, 2017, 01:26:24 PM
 #1423

Most people spend bitcoins at some stores or at online gambling sites. I do not do that. I just buy my bitcoins and save them for when the price goes up. If I am going to spend my coins I may regret the fact that I could make money with it.
Yeah, most people spend their bitcoin to buy goods in a digital store or to gamble, and same with you I only used bitcoin as one of my investment to earn additional income, i doing trading with my bitcoin and i use the profit that i earned from bitcoin for daily needs, beside that in my country only Bali had receipt payment with bitcoin, but it's so far from where i live
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October 04, 2017, 04:19:21 AM
 #1424

Most people spend bitcoins at some stores or at online gambling sites. I do not do that. I just buy my bitcoins and save them for when the price goes up. If I am going to spend my coins I may regret the fact that I could make money with it.
Yes, like you i don't want to spend my bitcoins into a nonsense things, i spend my all bitcoin in a good and effective way that may helps into my daily life, abd i was give value my bitcoin because i was trying hard to earned bitcoin and also it is hard to earned in bitcoin, so we need to spend it into the way that will help us. I have a plan to hold my bitcoin first before i spend it,  because having a lots of bitcoin it is better to spend it and we are not to become shortage. So it will also depends in us of how we spend our bitcoin, but for me i spend my bitcoin in a good way.

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October 04, 2017, 04:39:35 AM
 #1425

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.

We will see in the future, but i believe on this and bitcoin will surely become like this for us to spend some bitcoin easily. For now people are spending their bitcoin on gambling, trading and some for shopping who really accept bitcoin. Personally i spend my bitcoin thru online to pay for my bill which my wallet i use allows it.
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October 04, 2017, 05:51:22 AM
 #1426

Bitcoin is just being known in my jurisdiction. So the debit card stuff, the other ways to expend bitcoin are still alien to us other than through the internet and converting to either dollars, then to local currency. Meanwhile, it is only the literate population that have heard of it or can go about having it even though some of them still see blockchain technology as the 8 wonders of the world.

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October 04, 2017, 06:25:21 AM
 #1427

Coinbase gave me a Shift VISA card. I keep a portion of my BTC in a Coinbase account, and just use the card for purchases. All the buying/selling is taken care of automatically and records are kept on the Coinbase website. Whether you like Coinbase or not, you've got to admit that ' s pretty convenient.
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October 04, 2017, 07:34:30 AM
 #1428

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.

We will see in the future, but i believe on this and bitcoin will surely become like this for us to spend some bitcoin easily. For now people are spending their bitcoin on gambling, trading and some for shopping who really accept bitcoin. Personally i spend my bitcoin thru online to pay for my bill which my wallet i use allows it.
For me, I usually spend my bitcoin in online gambling but I am looking forward to explore more ways in spending it online.
I am waiting for my first debit card and I believe when I have that it would be easy for me to spend in any establishment, although bitcoin is not widely accepted but there are 3rd party company that will bridge to still make bitcoin worthy.

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October 04, 2017, 07:52:12 AM
 #1429

It needs not only a plastic card. Need the terminal to read it. At this time that read right now probably will not work?

additionally, the ability of human to have this type of transaction,specifically in the Philippines which poverty is one of the main problems.
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October 04, 2017, 07:56:13 AM
 #1430

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.

We will see in the future, but i believe on this and bitcoin will surely become like this for us to spend some bitcoin easily. For now people are spending their bitcoin on gambling, trading and some for shopping who really accept bitcoin. Personally i spend my bitcoin thru online to pay for my bill which my wallet i use allows it.
For me, I usually spend my bitcoin in online gambling but I am looking forward to explore more ways in spending it online.
I am waiting for my first debit card and I believe when I have that it would be easy for me to spend in any establishment, although bitcoin is not widely accepted but there are 3rd party company that will bridge to still make bitcoin worthy.
There's another way to use the bitcoin that we had earned, It should go first in many process like convert it into our country's currency. After that, the bitcoin we have converted will be our money,so we can able to use it in sustaining our daily needs and wants. Bitcoin can't be used by other people who dont have any idea  what it is.
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October 04, 2017, 08:29:31 AM
 #1431

Spending maybe a half of my bitcoin only..i save bitcoin for my future purpose only Smiley Wink Kiss
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October 04, 2017, 09:23:47 AM
 #1432

It needs not only a plastic card. Need the terminal to read it. At this time that read right now probably will not work?

additionally, the ability of human to have this type of transaction,specifically in the Philippines which poverty is one of the main problems.
We know that bitcoin is useful for a more developed countries and philippines is still not very progressive compared to other countries in the Asia
but I believe some people are showing interest and they can help to spread awareness. It's not instant but eventually when people gain confidence
with bitcoin they will use it for sure.

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October 04, 2017, 10:05:09 AM
 #1433

The main reason must be the fact that not all of the group member knows about it, so majority always win. And not everyone can afford to have an internet on their daily lives because we have to pay for it at the end of the day. Its hard to just want something for ourselves because we have to consider others too. But hopefully in the near future we can use then our bitcoins! Smiley

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October 04, 2017, 10:29:13 AM
 #1434

I also have problems with this in my country. Stores and restaurants here do not accept Bitcoin, I can not spend it. So it turns out that I have Bitcoin but I do not have the real money that I can use for everyday needs. Only if I exchange it for a national currency. This is only one Bitcoin's disadvantage for me. But I hope Bitcoin will be legalized soon.
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October 04, 2017, 10:48:54 AM
 #1435

I also have problems with this in my country. Stores and restaurants here do not accept Bitcoin, I can not spend it. So it turns out that I have Bitcoin but I do not have the real money that I can use for everyday needs. Only if I exchange it for a national currency. This is only one Bitcoin's disadvantage for me. But I hope Bitcoin will be legalized soon.
Bitcoin is decentralized so it will a lot of time before it get legalized in a country because the government will study it first for a long time and they will try their best to determine if bitcoin is a good currency for their country or not because just a wrong move of the government then their whole country will get affected and that is why it is not easy for bitcoin to get legalized because it is uncontrollable.
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October 04, 2017, 10:50:05 AM
 #1436

Bitcoin is becoming more and more useful, in my country I have seen the sudden development of the use of bitcoin. There were private and even public institutions that accept bitcoin. Little by little, bitcoin's use is coming down even in some retail store which encourage user to spend their coin with promo and attractive advertisements. Im sometimes got tempted to use my bitcoin for paying fee and bills such as tuition fee and electric bill. In some other time, I also spend my couns for prepaid loads. Personally, my goal is really keep my self from spending my bitcoins for my personal investment. But due to different offer from local institutions, holders are attracted to spend their coins.
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October 04, 2017, 04:21:37 PM
 #1437

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.
We need to be very much sagacious when it comes to spending bitcoins. Bitcoins are very expensive now a day and we should know that bitcoins are soon going to rule the world. Bitcoins are assets of the future and we think no wise man is going to treat bitcoins casually.
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October 04, 2017, 05:10:43 PM
 #1438

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.


Spending bitcoin in any kind of transaction is good and useful,but its limited,there are any kind of transaction that bitcoin is not acceptable like riding a cab,taxes,buying foods in the market etc.however bitcoins is useful in paying electricity bill,internet,buying online games card,online shopping,or maybe someday in our country they granted bitcoins in paying debt in credits cards.

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californiaquail
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October 04, 2017, 05:13:21 PM
 #1439


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or maybe someday in our country they granted bitcoins in paying debt in credits cards.

What do you mean you can't pay credit card debts in Bitcoin ?

Can't you just convert to FIAT and then pay your debts ?

 I'm not sure i understand the stakes here.


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October 04, 2017, 06:28:34 PM
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It needs not only a plastic card. Need the terminal to read it. At this time that read right now probably will not work?

additionally, the ability of human to have this type of transaction,specifically in the Philippines which poverty is one of the main problems.
We know that bitcoin is useful for a more developed countries and philippines is still not very progressive compared to other countries in the Asia
but I believe some people are showing interest and they can help to spread awareness. It's not instant but eventually when people gain confidence
with bitcoin they will use it for sure.
It is tempting to spend some bitcoins on some hi tech products,  but on long term i suppose that i will try to hold with the theeth on them because the value of cryptocoins will grow with the time. For example look at the bitcoin evolution in the last years.
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