Spending Bitcoins

[Aamir1]

The dilemma we're facing is that people will not sell for bitcoin if theres no market visible to them got it. We won't use bitcoin because no one is accepting it.

Mostly the people in the community are converting their coins to cash or fiat to be spent, because as you said there aren't much resources right now in the world where someone can spend their bitcoins, so mostly we all are holding them for a price rise so that we can convert them in cash and then spend them on things we want.

[1714986993]

1714986993

[1714986993]

1714986993

[1714986993]

1714986993

[1714986993]

1714986993

[1714986993]

1714986993

[Fatanut]

I guess the reason why I cannot use bitcoin in a day to day basis is because the price of it is not stable. You might be buying an item now for 0.001BTC and then the next day it's just 0.0008BTC. You just lost 0.0002BTC in that case. I know it's not that much difference in other people's perspective but it's also applicable with bigger transactions and the bigger the transaction, the bigger loss you'll get if the price of bitcoin moves. On a more happier thought, you can also save money with this price fluctuations.

[freedomgo]

I guess the reason why I cannot use bitcoin in a day to day basis is because the price of it is not stable. You might be buying an item now for 0.001BTC and then the next day it's just 0.0008BTC. You just lost 0.0002BTC in that case. I know it's not that much difference in other people's perspective but it's also applicable with bigger transactions and the bigger the transaction, the bigger loss you'll get if the price of bitcoin moves. On a more happier thought, you can also save money with this price fluctuations.

But in general you will still be profitable because the price of bitcoin is increasing or has increased although apparently it fluctuates hard, for me I do not really worry so much about the fluctuation of my bitcoins because I need to gamble everyday as it is only my happiness online.

[Traslavin]

I think it is because some regrets it when suddenly bitcoin price goes up. But the truth is I think it is still way up now. Just 2 month ago we are at a 300 plus mark then with a sudden hike, many are angry with just a 100 movement down although they profited already.

That is right. Although 2 months ago, the price was a bit higher. I think the price could reach $700 in December.

[Mastsetad]

I guess the reason why I cannot use bitcoin in a day to day basis is because the price of it is not stable. You might be buying an item now for 0.001BTC and then the next day it's just 0.0008BTC. You just lost 0.0002BTC in that case. I know it's not that much difference in other people's perspective but it's also applicable with bigger transactions and the bigger the transaction, the bigger loss you'll get if the price of bitcoin moves. On a more happier thought, you can also save money with this price fluctuations.

That is the concept which does not let almost a lot of people in the community to spend their coins because they always have this thought in their minds that if we spend them today, the price might grow higher tomorrow so that is the reason most of us are holding the coins and hoping for a better price everyday.

[Betwrong]

I guess the reason why I cannot use bitcoin in a day to day basis is because the price of it is not stable. You might be buying an item now for 0.001BTC and then the next day it's just 0.0008BTC. You just lost 0.0002BTC in that case. I know it's not that much difference in other people's perspective but it's also applicable with bigger transactions and the bigger the transaction, the bigger loss you'll get if the price of bitcoin moves. On a more happier thought, you can also save money with this price fluctuations.

That's why it is always good to have at least 1 Bitcoin apart from the money you are spending. Say you bought a thing for 0.01 yesterday when Bitcoin was $600 and today you see that the price of it is 0.008 because the price of Bitcoin is $750. Yes, you have lost 0.002 BTC, which is $1.5, because of the price rising, but at the same time you are +$150 because of the same thing.

[eminem90]

I do not often spend your Bitcoins. Sometimes I buy something over the Internet and spend a Bitcoin. I do not spend Bitcoin on all sorts of nonsense, for it has the Fiat

[Traslavin]

I do not often spend your Bitcoins. Sometimes I buy something over the Internet and spend a Bitcoin. I do not spend Bitcoin on all sorts of nonsense, for it has the Fiat

Maybe you can buy some ZCash when the price is lower. It has the function of anonymity and quite popular.

[danherbias07]

I do not often spend your Bitcoins. Sometimes I buy something over the Internet and spend a Bitcoin. I do not spend Bitcoin on all sorts of nonsense, for it has the Fiat

But of course because that is my bitcoin. 

That is not nonsense. Spending it with some items that are being posted online is a great way to make bitcoin more inviting to the eyes of merchants. Imagine a money that cannot be spend if you are a merchant. Why would I start a business with that.

[krisnt80]

Bitcoin can be stored it isnt against bitcoin, as people are expecting the 1000 dollars value once again, and this time it should have support, but the bitcoin are traded daily and several transactions, this is what made bitcoin get interest and value.

[bitkilo]

I do not often spend your Bitcoins. Sometimes I buy something over the Internet and spend a Bitcoin. I do not spend Bitcoin on all sorts of nonsense, for it has the Fiat

But of course because that is my bitcoin. 

That is not nonsense. Spending it with some items that are being posted online is a great way to make bitcoin more inviting to the eyes of merchants. Imagine a money that cannot be spend if you are a merchant. Why would I start a business with that.

Saying it is money that cannot be spent is going a little over the top but i get your point.
If i was running a business why would i accept bitcoin if none of my suppliers will take it as payment or my staff agree to accept it as their salary.

Oh how the times change, it was only about a year or so ago that many posts on this forum were something along the lines of "Where can i spend my bitcoins?

[icecube45]

Actually, I think to grow the adoption of bitcoin not only need people who spend as daily currency. However, it needs also those who use it for investment. Expand bitcoin to people is the way to grow bitcoin.
In my country bitcoin passable growing and already known by some people, but it is very difficult to use bitcoin. I can not buy goods with bitcoin directly and I do not find stores that accept bitcoin. Perhaps because there are still many people who do not know bitcoin so if there is a shop that uses bitcoin payment would be rarely used for payment, maybe that was the reason not many people adopt bitcoin.

[Zalfrin]

I spend my bitcoins online for buying digital goods and as I don't have option to spend them directly to buy anything from offline store I prefer to sell my bitcoins and convert it to fiat currency as only holding will make bitcoin as a weaker currency and to help the economy we should spend our coins regularly.

[xSkylarx]

Spending bitcoin for me is difficult. I must convert it to fiat first in order to spend it to buy my daily needs especially food. You can just buy some gadgets online or other accessories with the use of bitcoin but you don't need that in your everyday life.

[TastyChillySauce00]

I spend my bitcoins online for buying digital goods and as I don't have option to spend them directly to buy anything from offline store I prefer to sell my bitcoins and convert it to fiat currency as only holding will make bitcoin as a weaker currency and to help the economy we should spend our coins regularly.

there's also a simple way to spend your bitcoins in your locals or real world,by using bitcoin debit card is one of many ways,it's as simple as you using your local banks' debit card,and if you want to deposit just simply send your bitcoin to the debit card issuer and they will procceed it immediately,no need to waste time and effort for just converting money

[romero121]

I spend my bitcoins online for buying digital goods and as I don't have option to spend them directly to buy anything from offline store I prefer to sell my bitcoins and convert it to fiat currency as only holding will make bitcoin as a weaker currency and to help the economy we should spend our coins regularly.

Circulation of bitcoin is much important to have a stabilized and increased price. For this reason every user needs to spend atleast a small portion of bitcoin directly. Right now bitcoin acceptance in online stores is getting increased but it takes lot time to experience bitcoin acceptance in offline stores, because little by little now only common man had known about digital currency existence and started learning about it.

[brian_23452]

I spend my bitcoins online for buying digital goods and as I don't have option to spend them directly to buy anything from offline store I prefer to sell my bitcoins and convert it to fiat currency as only holding will make bitcoin as a weaker currency and to help the economy we should spend our coins regularly.

Circulation of bitcoin is much important to have a stabilized and increased price. For this reason every user needs to spend atleast a small portion of bitcoin directly. Right now bitcoin acceptance in online stores is getting increased but it takes lot time to experience bitcoin acceptance in offline stores, because little by little now only common man had known about digital currency existence and started learning about it.

Yup bitcoin has started to gain attention and popularity among the people who are not into the bitcoins yet and if price hits $1k in coming months then it will surely attract many new users to invest their money into it and mass adoption will definitely help in taking price to higher level in future.

[freedomgo]

I spend my bitcoins online for buying digital goods and as I don't have option to spend them directly to buy anything from offline store I prefer to sell my bitcoins and convert it to fiat currency as only holding will make bitcoin as a weaker currency and to help the economy we should spend our coins regularly.

Circulation of bitcoin is much important to have a stabilized and increased price. For this reason every user needs to spend atleast a small portion of bitcoin directly. Right now bitcoin acceptance in online stores is getting increased but it takes lot time to experience bitcoin acceptance in offline stores, because little by little now only common man had known about digital currency existence and started learning about it.

Yup bitcoin has started to gain attention and popularity among the people who are not into the bitcoins yet and if price hits $1k in coming months then it will surely attract many new users to invest their money into it and mass adoption will definitely help in taking price to higher level in future.

I would be fine if the the price will hit at least $1,000 even before the year ends, that is already a great improvement of bitcoin for this year and maybe I can call this year 2016 as the year of bitcoin because it is the most profitable year so far. I will spend this Christmas and I hope the price will favor me.

[Golftech]

Spending bitcoin for me is difficult. I must convert it to fiat first in order to spend it to buy my daily needs especially food. You can just buy some gadgets online or other accessories with the use of bitcoin but you don't need that in your everyday life.

but by doing that convertion already helping the chain, as long as we used it regardless in what particular manner other investors will buy that and help it as well.

[bitbunnny]

When I have some extra Bitcoins I try to spend them. The easiest way is to use my Bitcoin debit card so I don't ha to worry if somwhere the Bitcoin is accepted or not, it's converted automaticaly. It's good to save the coins for the future as an investment but if we want to make Bitcoin more wide spread and popular it's necessary to use it.