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Author Topic: Spending Bitcoins  (Read 100369 times)
Jackblack90909
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April 18, 2018, 01:39:14 PM
 #2021

Spending BTC should be the last choice, if you really haven't any other choice to resolve your financial problems and paying your daily bills. But always try to hold your BTC for long term, and spend your fiat money instead BTC, because Bitcoin is not just a currency, but it is also an asset, and the price will increase highly in the future.
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April 18, 2018, 02:02:52 PM
 #2022

I really, really hate to spend BTC.  It's almost like I feel I'm spending a precious commodity such as gold or silver.
I know it's good for the cryotp economy when people spend their BTC, but I personally am not a big fan.
Unless it's going to a support group or charity, then it's ok.
I also hated, Bitcoin always shows a rising trend over time, spending bitcoin is not a good idea, that can be a biggest regret of us, so even if the charities need support, I also use cash instead of Bitcoin. Bitcoin should only be used for investment or holding, it will bring greater benefits to us in the future, in addition, in the present moment, when bitcoin becomes too developed and many scammers also start using bitcoin to scam, governments are also becoming annoyed and forbidding issues related to bitcoin, spending bitcoin will become an illegal thing, and I never want to stick to the law, so not spending bitcoin


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April 18, 2018, 02:08:38 PM
 #2023

Spending BTC should be the last choice, if you really haven't any other choice to resolve your financial problems and paying your daily bills. But always try to hold your BTC for long term, and spend your fiat money instead BTC, because Bitcoin is not just a currency, but it is also an asset, and the price will increase highly in the future.
if not in a state of urgency, we better not sell our bitcoin. because the future bitcoin prices will be higher because it can be accepted as a payment system by various countries.

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April 18, 2018, 02:09:27 PM
 #2024

i like to spend my bitcoin always when its on high price , i very do not like to spend it when its cost so cheap , iam always thinking that i paid 2 times more in future Smiley

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April 18, 2018, 02:14:21 PM
 #2025

I really, really hate to spend BTC.  It's almost like I feel I'm spending a precious commodity such as gold or silver.
I know it's good for the cryotp economy when people spend their BTC, but I personally am not a big fan.
Unless it's going to a support group or charity, then it's ok.
But imagine that your salary is in bitcoins and you earn 1 bitcoin per month. You also need to eat and pay for utilities?
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April 18, 2018, 02:19:13 PM
 #2026

Keep some and spend some. That should be our motto here to make bitcoin more inviting to everyone. Merchants or even investors. Even those online shops would open up a bitcoin paying method if they would see it could really be used as transaction method.
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April 18, 2018, 02:37:26 PM
 #2027

I will not be spending bitcoin if the price is still under $ 15k, I'll keep buying because I'm optimistic that year-end prices will skyrocket as it did years ago, and I'm sure the negative trend is coming to an end.

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April 18, 2018, 04:18:49 PM
 #2028

Spending your Bitcoins will be not the best thing that you can do and that is because it will be more worth later in the future and that can be nice for yourself and holding will be now the best thing that you can do.
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April 18, 2018, 04:21:21 PM
 #2029

The avenues for people to spend bitcoin have been reducing recently but all in god time. Lets the lighting network take effect and I think then we will see allot more vendors accepting bitcoin for sure. It has unbelievably potential
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April 18, 2018, 05:04:08 PM
 #2030

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.

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April 18, 2018, 05:44:33 PM
 #2031

I don't see anything bad on spedning bitcoins. Bitcoin is a currency first of all and i think that people should spend more bitcoin to make big brands accept it.

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April 18, 2018, 05:44:54 PM
 #2032

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.



my country does not all use bitcoin in transactions, but our country is not ready to use bitcoin, our bitcoin is mostly used in trading, the money we trade has been stored in our account and from that account we spend it
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April 19, 2018, 08:26:49 PM
 #2033

if the price rises to a high bitcoin, I prefer to spend my bticoin which has particularly by selling it. so I can be more flexible to use than having to look for online stores that accept bitcoin. I think would be very beneficial if you spend a bitcoin do you have a way to sell it when the price rises bitcoin.
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April 19, 2018, 09:58:18 PM
 #2034

If you plenty of bitcoins for the longer time you save it and invest it and you grow and gain from it ,maybe it is time for you to somewhat enjoy some of your hardwork and spend your bitcoins to the right track , like spending it to buy house or lot or spend it in another business or travel in places around the world that is worth for your bitcoin investments.

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April 19, 2018, 10:01:59 PM
 #2035

if the price rises to a high bitcoin, I prefer to spend my bticoin which has particularly by selling it. so I can be more flexible to use than having to look for online stores that accept bitcoin. I think would be very beneficial if you spend a bitcoin do you have a way to sell it when the price rises bitcoin.
If you are an investors you should sell only when you are already in profit, but as a user anything you can buy and sell because you need
that to complete the transaction. Nowadays, people are already aware than bitcoin is a good investment as well due to a possible increase of value
so they just have to be patient and wait for the right timing to sell.

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April 19, 2018, 10:08:41 PM
 #2036

In my country, bitcoin is still seen to be a ponzi scheme thing by most people, the government is not helping matters too by calling people who deal in crypto currencies- gamblers,, the central bank is always warning people against it. But for the escrow services that enable smooth conversion to fiat and fiat to BTC, it would have been extremely impossible to do crypto. Fortunately in the last few months, we have had about 4 outlets receiving bitcoin for services, most of which are club houses.
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April 19, 2018, 10:41:14 PM
 #2037

that is the goal with bitcoins to spend it on every thing as good as cash the future currency the will gave us an opportunity to have a much secured money rather than cash in bank that can be stolen with physical characteristic person can easily take the money from you if they use force while in bitcoin you need skills to get vital information in that persons digital wallet you need to know his long password to access his wallet and not only that spending bitcoin can also be done globally while cash must go first to remittance.

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April 19, 2018, 10:44:34 PM
 #2038

i like to spend my bitcoin always when its on high price , i very do not like to spend it when its cost so cheap , iam always thinking that i paid 2 times more in future Smiley
Yes i agree with you, i dont also spend my bitcoin when the price of it is too low, we just need hold it for long time because the price of bitcoin has a chance to pump more than $20k this year, and when the value of bitcoin rise to $20k or even $30k i will surely spend it every day and invest it on other cryptocurrency.

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April 19, 2018, 10:47:39 PM
 #2039

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.


Some of the people are using bitcoins to sustain their daily needs but the only problem is, they cannot immediately use the money for their needs if they did not get the profit at the right time because the market is volatile.
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