Spending Bitcoins

[Redrose]

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.

Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.

Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

No, transactions confirmations are not always a problem. If this is a shop that frequent regularly, as a baker or a grocery, you can with time get trusted and not have to wait for the confirmations. I remember shorena said in one post to be doing this : sending the bitcoins and eating while it gets confirmed, at a restaurant.

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[bravehearth0319]

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.

Those reason are:

1. We have few merchants here in my country only accepted Bitcoin.
2. People here are not much familiar with bitcoin.
3. We don't have any debit card yet for bitcoin here.

[dhampir-D]

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.

You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

yes here in the third world country we see bitcoin as a new supply of earnings. we see bitcoin as earnings that we can use to pay bills , buy some things we need and we can also make it as a good investment. we can also save our bitcoin inorder for us to have some extra money in times of need like some emergencies that we dont expect.

We all just want to know when will does the bitcoin last. It through about the value of bitcoins, if we just spending it again and again, bitcoin value can increase its value. Good investment like , promos and signature campaign could be one way of good investments.

The possibilities available for microearnings attract many users, and generate some liquidity, but this increase in liquidity corresponds to a small percentage of what could be obtained if Bitcoin were being adopted by a much larger number of merchants and online stores. Such services are part of a large market, which moves billions of dollars a day around the world... this type of market would be able to make a big difference in the price of Bitcoin.

[Superways]

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.

Those reason are:

1. We have few merchants here in my country only accepted Bitcoin.
2. People here are not much familiar with bitcoin.
3. We don't have any debit card yet for bitcoin here.

I also have these three issues with me with bitcoin in my country for my local use but still I do not lose the will and I have believe on it that it is possible for my country to be acceptable like that so I am adopting bitcoin for my uses online and I often try to promote it to every person of my country in my area. That is the tll with which I am sure that it will be acceptable in my local area.

[anavuajna]

In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins

[cyclotronmajesty]

In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins

Majority of us are facing the same problem that we don't have any place to spend them directly to buy anything and for the same reason we need to convert it to fiat and then spend but bitcoin debit card have made things easier as I can use it like any other debit/credit cards for making purchases either offline or online.

[Kasabus]

In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins

Majority of us are facing the same problem that we don't have any place to spend them directly to buy anything and for the same reason we need to convert it to fiat and then spend but bitcoin debit card have made things easier as I can use it like any other debit/credit cards for making purchases either offline or online.

For the majority of people, it is not a big issue. We can use our bitcoin once we convert it to fiat. For me, I will be willing to wait for the development to happen in our country, I can surely see more merchants that will be accepting bitcoin in the coming future and I am very optimistic about that.

Right now, I am more focus on investing it than using it as a currency.

[nasipadang]

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.

any way that we find it useless if your country that has not received the bitcoin currency as legal payment.
I can't use bitcoin everyday because my country has not received the bitcoin  ( system anonym)  I redeem fiat through localbitcoin

[X-ray]

I also dont have much places in my country where i can convert the bitcoins to local cash. Even 80 percent people here are unaware of what is bitcoin exactly and how it works. So we dont have much spending options locally but we can spend in online stores and get advantages. With the passage of time Bitcoin will become more popular and then everyone will accept bitcoins.

are you sure 20% percent people in your country aware of bitcoin? i may expect the amount could be even lesser. even though if none of store in your country accept bitcoin you can still buy stuff or goods with bitcoin through international online store,but, the fee will be higher than buying in local

[Xester]

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.

Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.

Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.

Have you not heard of Starbucks accepting bitcoin as mode of payment for a cup of coffee? Have you not checked the list of restaurants that are accepting bitcoins? Bitcoin is growing stronger everyday, some schools accept bitcoins as tuition, you can purchase books and t-shirts using bitcoin in MIT in massachusetts. You can also pay the taxi driver with bitcoins when you roam to Italy. This are small steps but it will be bigger in the coming years.

[laredo7mm]

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.

Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.

Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.

Have you not heard of Starbucks accepting bitcoin as mode of payment for a cup of coffee? Have you not checked the list of restaurants that are accepting bitcoins? Bitcoin is growing stronger everyday, some schools accept bitcoins as tuition, you can purchase books and t-shirts using bitcoin in MIT in massachusetts. You can also pay the taxi driver with bitcoins when you roam to Italy. This are small steps but it will be bigger in the coming years.

I heard that already with Starbucks acceptance of bitcoin and I think that is in Hongkong. But just like what I've said that I'm hopeful to see it one day "HERE" and since I'm not a Hongkong resident so I won't be able to use bitcoin directly. And I've been always checking those shops / stores that are accepting bitcoin but sadly they're offshore.

The scenario is same in many countries as there are no places where we can spend our bitcoins directly so spending them is only limited to online world at a moment and that also on selected sites as many sites that accepts bitcoins has a very high shipping costs which is not affordable for me so I avoid use of bitcoins for making any online purchases.

[ophyrim]

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 is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.

[LimLims]

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 is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.

I don't think that Governments of any particular country wouldn't be aware of bitcoins they know bitcoin very well and also the threats attached to it and I am sure that Finance Ministry would be having a close watch on bitcoin but they are not making any statement publically as they are aware that not many people knows about bitcoin yet.

[Botnake]

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 is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.

I don't think that Governments of any particular country wouldn't be aware of bitcoins they know bitcoin very well and also the threats attached to it and I am sure that Finance Ministry would be having a close watch on bitcoin but they are not making any statement publically as they are aware that not many people knows about bitcoin yet.

The threat is not that serious, and if they will look at this technology closely, they will know that there is more of a benefits than a threat. If they know the threat, they can make measures to prevent it from happening. What threat exactly you have in mind? If this is for illegal activities, they have a good solution to that, and that is just by letting the exchange sites comply with the governmental laws attached to AMLA.

[rajasumi3]

Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .

[finity]

Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .

I agree that bitcoin is not so popular in India at a moment and there are no places to spend bitcoins directly but how can you say that price has gone down and it has no potential in it? Just look at the price what it was in the last year and what it is today you will see major growth in the price of bitcoins and it will continue to happen even in future when bitcoin gets more older and older.

[Maslate]

Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .

I agree that bitcoin is not so popular in India at a moment and there are no places to spend bitcoins directly but how can you say that price has gone down and it has no potential in it? Just look at the price what it was in the last year and what it is today you will see major growth in the price of bitcoins and it will continue to happen even in future when bitcoin gets more older and older.

That's because bitcoin does not only circulate in India, it's a global currency and there is a huge demand of bitcoin than in your country. Small countries will follow big countries and it might not be popular now in our country, but overtime, we will experience the benefits of spending our bitcoins to buy our needs and wants. When that time happens, the value of bitcoin might be big already as it increase as time passes.

[Monnt]

Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .

I agree that bitcoin is not so popular in India at a moment and there are no places to spend bitcoins directly but how can you say that price has gone down and it has no potential in it? Just look at the price what it was in the last year and what it is today you will see major growth in the price of bitcoins and it will continue to happen even in future when bitcoin gets more older and older.

That's because bitcoin does not only circulate in India, it's a global currency and there is a huge demand of bitcoin than in your country. Small countries will follow big countries and it might not be popular now in our country, but overtime, we will experience the benefits of spending our bitcoins to buy our needs and wants. When that time happens, the value of bitcoin might be big already as it increase as time passes.

It is true that the bitcoin is not yet popular in some countries, there are people who never even heard of it, and if you ask me some of the third world countries barley have access to the internet so how do you want them to use bitcoin, maybe bitcoin will become something like PayPal in the future making the use of money on the internet easier but nothing like replacing fiat money.

[MFahad]

Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .

Well, i am thinking in India, might be bitcoin is popular, because last time when your government ban 500rs than many people do invest in bitcoin, may be i am wrong but friend who belong to India, he told me bitcoin is popular in India, even some area is here where bitcoin is accept in shores and shops. 

[Kasabus]

I want to save my bitcoins as a wallets and when i need for money then exchanged with our traders as a real money.

Absolutely, there is no use if you will just keep your bitcoin and you have no plan of cashing it out. However, if we really are investors, we have to aim to grow the value of our bitcoins, the current price surge would tell us not to sell and hold a little bit. There's a bigger profit that is waiting for us, we just have to be patient.