Spending Bitcoins

[diegz]

Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.

[bitkilo]

Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  

I don't have a stash of bitcoins to use daily but i do get a percentage of my wage paid in bitcoins each month so i need to spend some of them to pay the bills and living expenses although i would like to save more of them. 

[shine1123]

Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.

We need to introduce the bitcoin first to the merchants and the buyer. Because without knowing what is bitcoin and how it works, it will make them to not use bitcoin. Actually it's really hard to motivate other people to use bitcoin in real life.

[dhampir-D]

Bitcoin going into circulation would always be better in the long run... Having people staying alive in this economy is even better.

To be honest it takes skill to obtain this currency with investing so most people would stick to consuming with it. To have an establishment there is much to gain off having physical commerce or even Bitcoin Teller Machines to get this ball rolling in your local area.

Here in my area, there is no such bitcoin teller machines but the thing is that bitcoin is becoming popular here a little by little. Because exchange sites are allowing us to withdraw our bitcoins through banks ATM when we are converting it to fiat. And with that service, it is just like we are spending bitcoins for real and that's a good help to us and to the economy.

In many countries bitcoin, has started to become something that a bunch of people know, and for the most part the people who do are the ones that work on the internet and they get paid using bitcoin, there are a lot of bitcoin credit cards out there which allows us to directly convert our bitcoin to fiat through ATMs which is a start to adopting bitcoin more and more.

The number of people with Internet access is very high compared to years ago, and it makes things simpler for people who want to inform others about the importance and use of Bitcoin. This is a good thing, especially with regard to increasing the chances of Bitcoin to have greater acceptance in the market.

I'm not sure about bitcoin credit cards, but the use of Bitcoin Debit Cards is something that is making things easier for a lot of people, but I think the rates are still a little high to attract a larger number of users.

[bitkilo]

In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality

Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.

Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

[crockoo]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

[freebutcaged]

I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.

[agamasrori]

I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.

Most of bitcoin is traded using yuan.so I agree with you that the transaction of bitcoin is for business or investment.  But I think it isn't just for business because so many people are use bitcoin to fulfil their daily need.

[Harlot]

I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.

Most of bitcoin is traded using yuan.so I agree with you that the transaction of bitcoin is for business or investment.  But I think it isn't just for business because so many people are use bitcoin to fulfil their daily need.

I don't know why people still thinks that accepting Bitcoin can be good for businesses. I have one good reason not too and its not even the government but the transaction itself. The transaction of Bitcoin is slow for it to be used as a currency. It can minimize the production of the business and might make it hard for them to earn. But if it is an online transaction then it won't be a problem for them because Bitcoin is built for those kind of stuff.

[bohr]

Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.

We need to introduce the bitcoin first to the merchants and the buyer. Because without knowing what is bitcoin and how it works, it will make them to not use bitcoin. Actually it's really hard to motivate other people to use bitcoin in real life.

The grow of the user base is going to happen naturally, there is not much of a point to try to increase the number of merchants accepting bitcoin if there is no one using those coins to buy stuff.

[Mastsetad]

I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.

People are surely using their bitcoins. If there are 100 people in bitcoin world then 50 out of 100 are using their coins everyday, if today a half is using the coins then tomorrow the second half starts spending, that is the reason why there are a lot of transactions. And also the services, exchanges, casinos, these things should be counted too in those transactions, it is not always important that a transactions should be of an individual.

[hawkins]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.

[Betwrong]

In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality

Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.

Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

Let's assume you, as a buyer, have chosen the right time to spend your BTC. You make a purchase when the price of Bitcoin on its peak and when the price goes down you can see how profitable your purchase was. But what about the seller? They can see that they lost money and next time they will think twice before accepting BTC as a payment.

[danherbias07]

In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality

Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.

Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

Let's assume you, as a buyer, have chosen the right time to spend your BTC. You make a purchase when the price of Bitcoin on its peak and when the price goes down you can see how profitable your purchase was. But what about the seller? They can see that they lost money and next time they will think twice before accepting BTC as a payment.

Good thing there are people who are also thinking about the seller. But you cant just put the blame on the consumer. Being a merchant in using bitcoin as a means of payment is also a risk. We dont really know what happened with that coin. What if the merchant also did change it to fiat after that. Then there is still a good profit.

[Kotone]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.

Holders the reason why the bitcoin price fell not the beginner who sold their bitcoin there are just follower of their idols and selling when they see the bitcoin price decreasing. Not because the bitcoin price fell down novice are spending their bitcoin it always depdends on the volume and demand of bitcoin.

[zikel]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.

Holders the reason why the bitcoin price fell not the beginner who sold their bitcoin there are just follower of their idols and selling when they see the bitcoin price decreasing. Not because the bitcoin price fell down novice are spending their bitcoin it always depdends on the volume and demand of bitcoin.

I do not think that the newcomers hold a lot of Bitcoin. And so even if all the newcomers have sold their Bitcoins out of fear, it does not significantly affect the price of Bitcoin.

[Botnake]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.

Holders the reason why the bitcoin price fell not the beginner who sold their bitcoin there are just follower of their idols and selling when they see the bitcoin price decreasing. Not because the bitcoin price fell down novice are spending their bitcoin it always depdends on the volume and demand of bitcoin.

I do not think that the newcomers hold a lot of Bitcoin. And so even if all the newcomers have sold their Bitcoins out of fear, it does not significantly affect the price of Bitcoin.

Newcomers are attracted because of the promising future of bitcoin and it is predicted that it will be more successful in the future which would bring the price to rise more and more. However, they must also understand that knowledge is very important, we do not just invest here blindly as it's too risky for us and we might be upset of the possibilities if it realizes.

[Fatanut]

I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear

Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.

Holders the reason why the bitcoin price fell not the beginner who sold their bitcoin there are just follower of their idols and selling when they see the bitcoin price decreasing. Not because the bitcoin price fell down novice are spending their bitcoin it always depdends on the volume and demand of bitcoin.

While most of the blame can be put to the whales that started the dump, let's not put all the blame to either the whales or to the beginners. This is what happened. The Chinese people sold their coins and it has caused panic to all the other users. Price decrease affects all of us and we all want to sell our coins while the whales are not yet done selling so we wouldn't sell at the lowest price. Thus, we panic sell.

What I mean is that, Chinese people or the whales have sold their coin and it affected us. It's not their fault that you panic sell your coins. They didn't force you or torture you to sell your coins. You were simply affected by the price decrease.

[el kaka22]

In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality

Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.

Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

Yes, for sure we always have to pick the right time to spend our bitcoin, with the price of the bitcoin reaching $1140 I have decided that was not the right time to spend as I was targeting $2000 price levels.
But prices dropped suddenly which affected me significantly also left me regretting that I missed the right chance to make profit but the price of the bitcoin yet to make another wave to get us opportunity to spend some.

[sportis]

Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks. 

I partially agree with the way you thinking. Merchants everywhere they have as goal the profit from everywhere it comes from. Customer is the king right? So If more and more customers ask if merchants are bitcoin friendly they will happily accept bitcoin to satisfy customer's needs. In my country there are merchants who accept bitcoin but there aren't many users ask them to pay with coins because most of them use it for trading and keep it for hoarding. Moreover is pretty easy anybody to accept bitcoins and there is no need entrepreneurs to spend money and more than 1 hour more or less to train their employees. Have you ever listen services like bitpay?