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Author Topic: Spending Bitcoins  (Read 101027 times)
meliodas
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February 12, 2018, 05:03:41 AM
 #1821

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.



Bitcoin has provided me easier ways to transact and converting coins to fiat. However, in the current situation of bitcoin , it is really hard to spend too much bitcoin because of it's very low value. I think iy is wiser to spend it during the strike high of it's value for it is better to hold bitcoin that we have now.

 
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February 12, 2018, 05:34:21 AM
 #1822

Bitcoin is easy to exchange any country currency and bitcoin will be send any country people for the bitcoin address. But you will know the trading and transaction proces. Know most shopping is not accept the bitcoin. So you will not use the bitcoin any where. It time to change the prices. If send the bitcoin to other address you will check the address then you will send it. If send the bitcoin in wrong address you can not easy to find where to send. So before you use bitcoin you learn the bitcoin process information and trading.

 
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February 12, 2018, 05:54:32 AM
 #1823

The high price of transactions severely limits the widespread use of bitcoins to pay for inexpensive purchases or services.
This is something to be address and I believe this will not be a long term problem.
Been spending bitcoin online paying huge transaction fee but that is fine with me because I normally do not do micro transactions,
however you are right that in order for bitcoin to be widely used, it should satisfy the majority of people.

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February 12, 2018, 06:00:02 AM
 #1824

Properly, I'm sorry . I haven't devote my bitcoin however as I planned to hold it and take into account as my lengthy time period investment and financial savings.I will spend my bitcoin of training course, but in time when I go vacation to country that currently has assist bitcoin payment everywhere.For now, not a lot of options exactly where I am heading to purchase or commit my bitcoin alternatively of convert into fiat money which I won't do yet without an urgent situation.
Well for me in terms of spendibg bitcoin is good but its more better if we used bitcoin to trade some so that it makes more higher value then half would spend if in need so that in future we have our savings.
intend to disagree how come spending bitcoin is good?you know how important bitcoin to stay in your wallet because in that case it would earn?the capital if lucky can be double,if you want to invest in trading buy altcoin bitcoin is not applicable in daytrading while the price. Really high and the movement is too slow,
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February 12, 2018, 06:26:37 AM
 #1825

Properly, I'm sorry . I haven't devote my bitcoin however as I planned to hold it and take into account as my lengthy time period investment and financial savings.I will spend my bitcoin of training course, but in time when I go vacation to country that currently has assist bitcoin payment everywhere.For now, not a lot of options exactly where I am heading to purchase or commit my bitcoin alternatively of convert into fiat money which I won't do yet without an urgent situation.
Well for me in terms of spendibg bitcoin is good but its more better if we used bitcoin to trade some so that it makes more higher value then half would spend if in need so that in future we have our savings.
intend to disagree how come spending bitcoin is good?you know how important bitcoin to stay in your wallet because in that case it would earn?the capital if lucky can be double,if you want to invest in trading buy altcoin bitcoin is not applicable in daytrading while the price. Really high and the movement is too slow,
You can buy and spend bitcoin, that's very simple, there is a big difference between spending and investing because bitcoin can be treated both.
When there are spenders it will benefit us investors because the value will increase due to the demand created.

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February 12, 2018, 06:28:54 AM
 #1826

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.



Bitcoin has provided me easier ways to transact and converting coins to fiat. However, in the current situation of bitcoin , it is really hard to spend too much bitcoin because of it's very low value. I think iy is wiser to spend it during the strike high of it's value for it is better to hold bitcoin that we have now.

You got it all right. Spending bitcoins in a very unwise way will backfire on you once the bitcoin's price would reach another All Time High, spending bitcoins on the things that we are using everyday like food, clothes, paying bills and so on, it is not worth it, why? because that is throwing away the profits that we could have if we are going to hold it since the price is too low.

It would be more wise if we are going to borrow some money to spend on our everyday needs, hold bitcoin and sell it when its price skyrocket again then pay the money that you have borrowed.
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February 12, 2018, 06:53:28 AM
 #1827

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.

I am only spending my bitcoins if I experience financial problems. I don't like spending bitcoins but there is really a time that I need to spend my bitcoins. I really doing a way to save bitcoins for me to have bright future.

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February 12, 2018, 07:22:16 AM
 #1828

Since bitcoin its money and we can exchange it anywhere at the daily rates i dont see any problem spending some of my bitcoin into something i do wanna to buy, one day i dream i will be able to purchase directly with bitcoins but while those doesnt happen i am happy to exchange into fiat.
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February 12, 2018, 08:30:47 AM
 #1829

Since bitcoin its money and we can exchange it anywhere at the daily rates i dont see any problem spending some of my bitcoin into something i do wanna to buy, one day i dream i will be able to purchase directly with bitcoins but while those doesnt happen i am happy to exchange into fiat.
I think it does not matter if bitcoins can not be used directly, as long as there are exchanges then it does not matter, and we must admit that the presence of exchanges also helps to increase users as they campaign in various media to introduce bitcoin.



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February 13, 2018, 02:16:30 AM
 #1830

Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol and proof of work is substituted for a central authority. This means bitcoin has special properties not shared by centralized systems
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February 13, 2018, 04:13:06 AM
 #1831

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.

Since we are working to the bitcoin and We get bigger money through it. All we need to do is be wise , spend money wisely . First spend it to the things that you really need not just thing s you want. Then have  business and   save some of it for emergency purposes.
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February 13, 2018, 06:24:26 AM
 #1832

Bitcoin is going out day by day. Bitcoin can not be purchased directly from any essential commodity. Even if not sold directly with a bitecake, everyone can understand Bitakaye. Bitcoin can not be touched. If there were skaccards for the use of potato, then it would have been better.
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February 13, 2018, 06:37:30 AM
 #1833

If the country really has been legalized bitcoin, i believe more and more people are spending bitcoins directly for a various purposes. Of course it depends on the country where we live, if it's already legal.. bitcoin transactions activities to buying anything that or including shopping online, would be done among a lot of people.
I'm personally honestly.. so far i haven't spending bitcoin to buy something (online) or to buy other crypto coins, i just selling it to local currency then spending it, due the country hasn't legalized bitcoin as a legitimate currency, it's still a digital currency which still has some consideration of the country's concerns about this currency.
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February 13, 2018, 07:26:43 AM
Last edit: February 13, 2018, 09:29:02 AM by a7goo
 #1834

I think that due to the high volatility, it is not advisable to buy goods or services in bitcon. In practice you could find yourself buying a sandwich today at 0.001 btc and find out in a few years that with the same amount you could go out to dinner for two person

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February 13, 2018, 09:36:49 AM
 #1835

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.

I know that spending bitcoins is not good because the price of the bitcoin is becoming more valuable. There is really a time that we will spend our bitcoins. I am spending  my bitcoins because it is only my source of income.
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February 13, 2018, 10:43:42 AM
 #1836

I use bitcoin for my daily needs but bitcoin is not accepted as payment in my country so I have to convert bitcoin to fiat to be able to make use of it for my daily expenses
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February 13, 2018, 07:03:58 PM
 #1837

I think people rarely remove bitcoin. Even in some countries don't allow shopping to use bitcoin. It's true spending with use bitcoin is helpful to raise prices. But not only in this way alone, to increase the price bitcoin can also use how to buy it. Many investors buy a lot of bitcoin when the cheap price keeps bitcoin price up.
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February 13, 2018, 08:24:30 PM
 #1838

I started to worry the future of bitcoin as if spending bitcion isn't popular in developed country after so many years of bitcoin development and market share of bitcoin have been dropped and taken by some alt coin. How can bitcoin become a future potential currency for people to trade.
A year ago marketcap bitcoin vs altcoin reached more than 70%, but now no more than 30%, the competition is so tight coin that making other coins and supported with large capital can compete with bitcoin.


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February 14, 2018, 07:12:50 AM
 #1839

I had been forced to exchange my bitcoin recently, besides that i do have a project that i hope to be made at 2017 and i do use my bitcoins to pay for the host, and anything related to it, besides being able to pay the developer with bitcoin.
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February 14, 2018, 07:45:59 AM
 #1840

Well, I just spent bitcoin I have in inetrnet. in my place, not one store that accepts bitcoin, and I doubt if they know bitcoin or not. but I would probably build a business that will accept bitcoin as a means of transaction.
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