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Author Topic: Spending Bitcoins  (Read 101027 times)
Potato Chips
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December 09, 2016, 05:16:55 PM
 #741

this time I do not plan to spend bitcoin I have. after all, at this point I do not have a lot of bitcoin. maybe better I use it for trading or investments that bitcoin I have more and more. I also feel that, at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley

If you're a beginner it is a wise decision to take your time studying stuffs related to bitcoin rather than rushing things and putting your coins in a high risk situation.

But you really cant earn bitcoins unless you spend them so you have to risk it unless you have a services to offer.

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.

If it's online shop,  You can use purse.io to buy on amazon and shopawl to buy in aliexpress.  They're one of the popular online shops I'm sure you will have a wide variety of choices.

If its offline shop,  the best you can do is just convert your bitcoins to your local currency to convert them.

Spending bitcoim in the real world is difficult. As a minor i can't convert it to real money because i have to provide some papers to the exclusive bitcoin wallet company in my country which i don't currently have. I can only spend it online by gambling or buying some digital goods online.

Just trade it to your local currency peer to peer and you will have no problems regarding documents jusr use an escrow service to be safe.

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crairezx20
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December 09, 2016, 05:32:03 PM
 #742

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.
Well, it also happened to me, but I only redeem bitcoin I have, then spend the money from the bitcoin exchange. I think, so many ways to use, and spend a bitcoin today. Well, it's been a lot of people who know about bitcoin, so it is very easy to use

That too in online only right. I didn't noticed any offline stores and businesses here in my country. However, I wish Bitcoin to get implement through out the world to use like PayPal and normal fiat.

Yes, in my country it is very small establishments where you can use Bitcoin. It is very difficult to use it in daily life. For this reason, I rarely spend Bitcoins.

Well you can convert it to fiat money if you really want to spend it Smiley,  actually in my country there are only few merchants that accept bitcoin.  But we are lucky enough that the exchange itself offers us the service to pay for our bills, credit mobile top up, so we don't need to go to other site in order to process those kind of services.  And for me no matter how few the bitcoin merchant in my country, i am still able to spend my bitcoin because of this bitcoin to local fiat exchange and im thankful to that.
That was not the point OP was making, f you're converting it to fiat, you're not actually spending Bitcoin.
Selling Bitocin on exchanges isn't the same as spending them in a store, be it online or offline.
Honestly right now i am more comfortable because we can use it right now to pay some services online.. honestly before i am using paypal to pay a service or buying credits for my box for my unlocking credit like setools that needs paypal to -pay online now they are accepting bitcoin as payment that actually no hassle because my paypal was expire and needs to verified again with new master or visa card that actually hassle because it takes few days before you can use .. now we can use bitcoin more easily that we can spend online..
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December 09, 2016, 08:06:03 PM
 #743

this time I do not plan to spend bitcoin I have. after all, at this point I do not have a lot of bitcoin. maybe better I use it for trading or investments that bitcoin I have more and more. I also feel that, at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley
i think its good time to hold your bitcoin because bitcoin going to raising its price too much faster and there is maximum people hold their bitcoin for the next year i think bitcoin will be more increase its price to next year so 2017 is the year of big profit.
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December 09, 2016, 08:10:38 PM
 #744

Not many people in my country know about bitcoins and for that cause we cant use bitcoins in our daily needs. There should be some campaigns organized to spread the need of bitcoins which will help us in spending our bitcoins .

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FLoving
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December 09, 2016, 08:51:03 PM
 #745

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.
It may be started everywhere sooner but first it require some support and promotion from us and before that time you can get a bitcoin debit card so you will be able to use your bitcoins in all those places where a debit card is accepted as a payment method.
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December 09, 2016, 09:34:44 PM
 #746

Not many people in my country know about bitcoins and for that cause we cant use bitcoins in our daily needs. There should be some campaigns organized to spread the need of bitcoins which will help us in spending our bitcoins .

Well, there are still ways to spend bitcoins online. In fact there are probably more ways to spend bitcoin online than offline, because of bitcoin's globalised nature. I just don't think that it will go offline anytime soon.

Bitcoin bills could be a great idea... But then it can be subject to tampering and you might receive a bill without anything in it.
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December 09, 2016, 11:48:35 PM
 #747

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.
yeah I know your problem, but I would be very trying for spending using bitcoin in anything, but when circumstances do not support when im use bitcoin, so I'll use fiat yeah I did it to help bitcoin
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December 09, 2016, 11:53:47 PM
 #748

Not many people in my country know about bitcoins and for that cause we cant use bitcoins in our daily needs. There should be some campaigns organized to spread the need of bitcoins which will help us in spending our bitcoins .
Making campaigns for it sounds like a good idea. There are other possibilities that could also increase the number of Bitcoin users. Much of these measures could be taken by merchants, such as offering discounts to people using Bitcoin.

Depending on the discounts the number of users could significantly increase.
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December 10, 2016, 10:22:22 AM
 #749

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.
Well, it also happened to me, but I only redeem bitcoin I have, then spend the money from the bitcoin exchange. I think, so many ways to use, and spend a bitcoin today. Well, it's been a lot of people who know about bitcoin, so it is very easy to use

That too in online only right. I didn't noticed any offline stores and businesses here in my country. However, I wish Bitcoin to get implement through out the world to use like PayPal and normal fiat.

Yes, in my country it is very small establishments where you can use Bitcoin. It is very difficult to use it in daily life. For this reason, I rarely spend Bitcoins.

Well you can convert it to fiat money if you really want to spend it Smiley,  actually in my country there are only few merchants that accept bitcoin.  But we are lucky enough that the exchange itself offers us the service to pay for our bills, credit mobile top up, so we don't need to go to other site in order to process those kind of services.  And for me no matter how few the bitcoin merchant in my country, i am still able to spend my bitcoin because of this bitcoin to local fiat exchange and im thankful to that.
That was not the point OP was making, f you're converting it to fiat, you're not actually spending Bitcoin.
Selling Bitocin on exchanges isn't the same as spending them in a store, be it online or offline.
You are right, exchanging bitcoins to fiat to pay your bills is not what i was talking about.
And why would anyone really need to do that anymore, I'm hearing of more companies all the time that let you pay bills directly with bitcoin.

Start getting paid in bitcoins and start living off them just as you would fiat, you will need some cash still but a bitcoin debit card should get you through most situations depending on what country you are in.

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December 10, 2016, 01:26:24 PM
 #750

this time I do not plan to spend bitcoin I have. after all, at this point I do not have a lot of bitcoin. maybe better I use it for trading or investments that bitcoin I have more and more. I also feel that, at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley
i think its good time to hold your bitcoin
because bitcoin going to raising its price too much faster
 and there is maximum people hold their bitcoin for the next year i think bitcoin
 will be more increase its price to next year so 2017 is the year of big profit.

I guess, this is not a good idea of holding your bitcoin since holding your bitcoin will make the value of bitcoin decreases especially
when you hold big amount of it.









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December 11, 2016, 07:44:41 AM
 #751

this time I do not plan to spend bitcoin I have. after all, at this point I do not have a lot of bitcoin. maybe better I use it for trading or investments that bitcoin I have more and more. I also feel that, at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley
i think its good time to hold your bitcoin
because bitcoin going to raising its price too much faster
 and there is maximum people hold their bitcoin for the next year i think bitcoin
 will be more increase its price to next year so 2017 is the year of big profit.

I guess, this is not a good idea of holding your bitcoin since holding your bitcoin will make the value of bitcoin decreases especially
when you hold big amount of it.

Actually when you speak of holding your bitcoin, it means just simply save it for the moment. HOlding  bitcoins is also a great way to possibly help the price increase in a way. To speak that holding it will cause price deflation is impossible but only if all hold their bitcoins and no one is spending then that will come true.

Another thing when he speak of holding his bitcoins he meant and expect that bitcoin will still rise in value then when it happens he will spend it of course, it doesnt mean permanent holding.
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December 11, 2016, 12:56:37 PM
 #752

right now im just currently using and spending it when buying steam wallets, load for my mobile telecom, garena shells and when paying bills like our electricity and much more. but i would also like to use it when buying on restaurant or cafe but i dont know if there's a debit card for that. im still looking forward till i can use my bitcoins in a lot of retailers and specially in market.
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December 11, 2016, 01:30:14 PM
 #753

this time I do not plan to spend bitcoin I have. after all, at this point I do not have a lot of bitcoin. maybe better I use it for trading or investments that bitcoin I have more and more. I also feel that, at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley
i think its good time to hold your bitcoin
because bitcoin going to raising its price too much faster
 and there is maximum people hold their bitcoin for the next year i think bitcoin
 will be more increase its price to next year so 2017 is the year of big profit.

I guess, this is not a good idea of holding your bitcoin since holding your bitcoin will make the value of bitcoin decreases especially
when you hold big amount of it.

Actually when you speak of holding your bitcoin, it means just simply save it for the moment. HOlding  bitcoins is also a great way to possibly help the price increase in a way. To speak that holding it will cause price deflation is impossible but only if all hold their bitcoins and no one is spending then that will come true.

Another thing when he speak of holding his bitcoins he meant and expect that bitcoin will still rise in value then when it happens he will spend it of course, it doesnt mean permanent holding.

It is just like in the real economy, the more you keep your money the more it decreases its value, the better thing to do is to generate it.
 Wink

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December 11, 2016, 01:53:14 PM
 #754

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.

If you will not spend your bitcoin then you can't grow them and you can't grow them by just holding them in your bitcoin wallet off course you need to spend them into trading and gambling or investments There are things that people use bitcoin they can adopt more things with this learn more experience once people know how to use it they will not stop using it.

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MFahad
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December 11, 2016, 05:43:09 PM
 #755

this time I do not plan to spend bitcoin I have. after all,
at this point I do not have a lot of bitcoin. maybe better I use it for
trading or investments that bitcoin I have more and more. I also feel that,
at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley

Even me, I do not have enough but then, once I have big bitcoin in my wallet I will not spend it but I will invest it so it will be generated and have income with out doing anything and it can help the community of bitcoin.









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happen or be a part of it"
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crairezx20
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December 11, 2016, 05:58:21 PM
 #756

this time I do not plan to spend bitcoin I have. after all,
at this point I do not have a lot of bitcoin. maybe better I use it for
trading or investments that bitcoin I have more and more. I also feel that,
at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley

Even me, I do not have enough but then, once I have big bitcoin in my wallet I will not spend it but I will invest it so it will be generated and have income with out doing anything and it can help the community of bitcoin.

For me actually i already use bitcoin and spend for some online activity buying hosting and domain.
But my priority is not spending a large amount just to save more because the price of bitcoin is gradually increasing and i think more price will come soon just like other said bitcoin will be touch to 800 to 1k value..
posternat
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December 11, 2016, 06:36:09 PM
 #757

this time I do not plan to spend bitcoin I have. after all,
at this point I do not have a lot of bitcoin. maybe better I use it for
trading or investments that bitcoin I have more and more. I also feel that,
at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley

Even me, I do not have enough but then, once I have big bitcoin in my wallet I will not spend it but I will invest it so it will be generated and have income with out doing anything and it can help the community of bitcoin.

For me actually i already use bitcoin and spend for some online activity buying hosting and domain.
But my priority is not spending a large amount just to save more because the price of bitcoin is gradually increasing and i think more price will come soon just like other said bitcoin will be touch to 800 to 1k value..

Yes true. Spending is like invest it to some real and trust worthy investment group so time will come your money will be doubled
and will help the community of bitcoin.
crairezx20
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December 11, 2016, 06:45:53 PM
 #758

this time I do not plan to spend bitcoin I have. after all,
at this point I do not have a lot of bitcoin. maybe better I use it for
trading or investments that bitcoin I have more and more. I also feel that,
at this time is not the time to spend a bitcoin, because there are still many things that need to be done for a beginner  Smiley

Even me, I do not have enough but then, once I have big bitcoin in my wallet I will not spend it but I will invest it so it will be generated and have income with out doing anything and it can help the community of bitcoin.

For me actually i already use bitcoin and spend for some online activity buying hosting and domain.
But my priority is not spending a large amount just to save more because the price of bitcoin is gradually increasing and i think more price will come soon just like other said bitcoin will be touch to 800 to 1k value..

Yes true. Spending is like invest it to some real and trust worthy investment group so time will come your money will be doubled
and will help the community of bitcoin.

Almost all investment has a risk we can not say they are trusted unless if you are investing in local banks that you can get only small interest every year..  for me it is better to save your bitcoin and sell them if the price is high and buy again if the price is low.. or better to use it in trading to increase the amount but first you should learn how to trade.. it still risky but it is not the same as investment site or you gamble it..
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December 11, 2016, 06:52:59 PM
 #759

For me it's crucial to find some balance between spending and saving, that way you will profit the most. If you are skilled you can trade and invest and grow your Bitcoins. The earnings you can invest further or save for the future and wait for the price to rise even more. It's also good to spend some coins thus they are circulating within the Bitcoin community. Holiday season is coming I believe we will all spend a part of our coins.  Smiley

katrimans
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December 11, 2016, 08:18:49 PM
 #760

There is not much online store accepting bitcoin as it payment in my country. Moreover offline store.
The service like hotels room is just in 2 place that accept bitcoin.
So, how I can spend bitcoin everyday.
Well, it also happened to me, but I only redeem bitcoin I have, then spend the money from the bitcoin exchange. I think, so many ways to use, and spend a bitcoin today. Well, it's been a lot of people who know about bitcoin, so it is very easy to use

That too in online only right. I didn't noticed any offline stores and businesses here in my country. However, I wish Bitcoin to get implement through out the world to use like PayPal and normal fiat.
In a limited area where the users of bitcoin are in majority the facilities of bitcoin to be used in local shops are available, otherwise in most of the area bitcoin facilities are not available to be used in local shops, but as we can analyze that the users of bitcoin are increasing from time to time and we can expect that very soon bitcoin shops will be available everywhere and then we will be able to use bitcoin in our local shops too.
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