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Author Topic: Spending Bitcoins  (Read 101027 times)
Doamader
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August 07, 2016, 11:11:20 PM
 #341

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.
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August 07, 2016, 11:13:13 PM
 #342

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
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August 07, 2016, 11:33:10 PM
 #343

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.

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August 07, 2016, 11:35:15 PM
 #344

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
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August 07, 2016, 11:49:36 PM
 #345

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?

Yeah and its really worst to keep coins idle in wallet, I mean it doesn't make any sense to keep coins unused, and to earn regular profits you should sell your coins regularly.
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August 08, 2016, 12:05:46 AM
 #346

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?

Yeah and its really worst to keep coins idle in wallet, I mean it doesn't make any sense to keep coins unused, and to earn regular profits you should sell your coins regularly.

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.

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August 08, 2016, 12:39:33 AM
 #347

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?

Yeah and its really worst to keep coins idle in wallet, I mean it doesn't make any sense to keep coins unused, and to earn regular profits you should sell your coins regularly.

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.
Yeah bitcoin went really high in last few months before the halving, it went to $780 and came back and was stable at $650 for a good time, so people who sold their coins at that price should be really satisfied.
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August 08, 2016, 01:30:34 AM
 #348

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
Yeah thats sort of right. The more people spending bitcoins on a daily basis then the demand for coins will go up and the price will also go up with demand.

If retailers had an incentive to offer good discounts for customers paying with bitcoin then demand and price would rise sharply.

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August 08, 2016, 02:28:54 AM
 #349

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
Yeah thats sort of right. The more people spending bitcoins on a daily basis then the demand for coins will go up and the price will also go up with demand.

If retailers had an incentive to offer good discounts for customers paying with bitcoin then demand and price would rise sharply.
The gambling industry are the major contributor of the demand of supply because there are many gamblers that would gamble regularly, and we are still awaiting for the large merchants to adopt so we can see some great demand of bitcoins and eventually investors will earn profit.

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August 09, 2016, 11:03:45 AM
 #350

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
Yeah thats sort of right. The more people spending bitcoins on a daily basis then the demand for coins will go up and the price will also go up with demand.

If retailers had an incentive to offer good discounts for customers paying with bitcoin then demand and price would rise sharply.
The gambling industry are the major contributor of the demand of supply because there are many gamblers that would gamble regularly, and we are still awaiting for the large merchants to adopt so we can see some great demand of bitcoins and eventually investors will earn profit.

When we write the history of the bitcoin, we have emphasise that in the early stage of bitcoin, gambling is very important.
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August 09, 2016, 11:23:55 AM
 #351

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
thats true, bitcoins will become huge among the countries and it will be used by all the people daily and i think that they will spend it like they do fiat right now




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August 09, 2016, 11:56:21 AM
 #352

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
thats true, bitcoins will become huge among the countries and it will be used by all the people daily and i think that they will spend it like they do fiat right now

Even at a moment people are willing to spend their coins if they find place to spend them, but the fact is bitcoin is not yet developed in most of the countries at present.
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August 09, 2016, 12:05:25 PM
 #353

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
i hope that you are right about it though i would put into it too much expectations because i think that the price might drop too and bitcoin might be not popular

 
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August 09, 2016, 12:20:24 PM
 #354

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
i hope that you are right about it though i would put into it too much expectations because i think that the price might drop too and bitcoin might be not popular

Bitcoin is gaining popularity at a moment and it will be much more popular in future when it will reach to every corner of the world and spending bitcoin would be much easier at that point.
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August 09, 2016, 12:47:46 PM
 #355

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
i hope that you are right but still governments might not want to accept it as a normal currency unfortunately, so i think that anything might happen

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August 09, 2016, 01:50:33 PM
 #356

In future bitcoin will get a legal status somewhere for sure and than we will get a plastic cards and terminals for using bitcoin in offline shops and other  stuff.
i hope that you are right but still governments might not want to accept it as a normal currency unfortunately, so i think that anything might happen

They wont. Let them control it then they might get a second thought. But that would be absurd if someone is controlling bitcoin. This price fluctuations will not be here anymore. If there will be it will not be that large.
BillyBobZorton
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August 09, 2016, 02:31:01 PM
 #357

We need to go x10, once we reach the 100 billion marketcap, that should be enough in the pool for whales to swim and not create huge turbulence when they make movements.
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August 09, 2016, 05:29:56 PM
 #358

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.


Yes I agree that in order for mass adoption, Bitcoin should be spend as daily currency.  It is like setting a role model on what to do with Bitcoin, since many people are not aware of it, it depends on the person who introduce on what will this people will do if they have bitcoin.  If you show them as a currency then they use it as a currency.  The  problem that affect the usage of bitcoin is the absent of neighborhood merchant.  No local store in the next street is accepting bitcoin for the majority of holder.  Well I think to resolve this, one must start in putting up a local store in an area.

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Johnny00
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August 10, 2016, 02:39:29 AM
 #359

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
Yeah thats sort of right. The more people spending bitcoins on a daily basis then the demand for coins will go up and the price will also go up with demand.

If retailers had an incentive to offer good discounts for customers paying with bitcoin then demand and price would rise sharply.
The gambling industry are the major contributor of the demand of supply because there are many gamblers that would gamble regularly, and we are still awaiting for the large merchants to adopt so we can see some great demand of bitcoins and eventually investors will earn profit.

Merchants won't adopt it as its way too volatile. They want stability.


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August 10, 2016, 11:25:31 AM
 #360

All economies are based on money circulating, did you imagined one day all get paid their salarie and dont spend any single coin? No supermarket, no car no work, as no one would buy anything the world would die. With bitcoin its the same, if you saying you are holding to bitcoin get a bigger value to spend it sure, if you wanna to hold it not a problem as well, it may turn into the gold chicken eggs.

I think to take bitcoin price to next level we should keep ourselves engage in spending some coins either digitally or physically as only holding and keeping it idle will make it a weaker currency.
yeah of course spending will help the bitcoin indirectly because it will make bitcoin market or bitcoin transaction becomes active and maybe make prices of bitcoin to be high ?
Yeah thats sort of right. The more people spending bitcoins on a daily basis then the demand for coins will go up and the price will also go up with demand.

If retailers had an incentive to offer good discounts for customers paying with bitcoin then demand and price would rise sharply.
The gambling industry are the major contributor of the demand of supply because there are many gamblers that would gamble regularly, and we are still awaiting for the large merchants to adopt so we can see some great demand of bitcoins and eventually investors will earn profit.

Merchants won't adopt it as its way too volatile. They want stability.

When the merchants got their bitcoin from customers, they will sell it straight away to convert into fiat.
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