Spending Bitcoins

[Viscore]

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

[Harlot]

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

Bitcoin for most including me is more like an asset. Bitcoin's growth right now is good too good to be spending it as a money. I treat more of it like an investment in which I will see it grow overtime, I would rather choose to spend my fiat currency first because it is stable and it won't bother me because it won't change its rate fast like Bitcoin. Holding Bitcoin is also supporting Bitcoin because you take a hold of it until you are satisfied with its price. 

[ashapasa]

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

Bitcoin for most including me is more like an asset. Bitcoin's growth right now is good too good to be spending it as a money. I treat more of it like an investment in which I will see it grow overtime, I would rather choose to spend my fiat currency first because it is stable and it won't bother me because it won't change its rate fast like Bitcoin. Holding Bitcoin is also supporting Bitcoin because you take a hold of it until you are satisfied with its price. 

If everyone will start holding their coins without spending them then it will make bitcoin a weaker currency and it will not contribute to stronger bitcoin economy as the rotation of coins is mandatory to take its price to higher level so its best to sell them when price goes higher and buy it back if you see major price drop.

[patrickmh]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

[Reid]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Yeah that is the best decision for now, looking at the consecutive price hikes it will be regretful if we just spend it that easily using it to none important things.
If ever there will be an emergency I think that is when I would really spend it.
Bitcoin is getting more precious as days go by so we don't want to just lose it specially this time.

[mega]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Yeah that is the best decision for now, looking at the consecutive price hikes it will be regretful if we just spend it that easily using it to none important things.
If ever there will be an emergency I think that is when I would really spend it.
Bitcoin is getting more precious as days go by so we don't want to just lose it specially this time.

No one will prefer to spend their coins at this stage as it will take away opportunity from them of making higher profits when price will go higher in future so its wise not to spend them at a moment and most of them should be saved for the future to get profitable results.

[Gameroid]

I don't really like to spend my Bitcoins but I do anyway regardless of what the price is doing. Well I gamble some of my Bitcoins each week, not much though as I don't want to lose too much lol I'm yet to spend my Bitcoins on any goods or services but maybe one day soon I will as I would like to test it out.

Yeah me too. I would like to hold my bitcoin but Unfortunately I can't do it because there are circumstances that I really need money and there is no other options I can make but to convert my bitcoins into fiat and spend it. But I will try to reach 1 BTC now. Hope I can make it.

in current time i even cannot think about bitcoin to sell it, because the price of bitcoin is expected to increase more and and hope that very soon the price of bitcoin will hit 2000 USD level.

[South Park]

Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.

Its good to save them for future as price is getting higher and higher but if you don't have any places to spend them in your country you can always sell them to fiat and spend them or else you can also go for bitcoin debit card as it is widely accepted like credit/debit cards so spending them is not as hard as it was in the past and there are now many options available to spend them if you genuinely want to and if its an investment for you then its better to hold them for future as price gonna be much higher in coming years.

Getting a debit card is a good idea but I prefer not to since I believe in bitcoin and the technology underneath, so I will wait for bitcoin to gain more acceptance besides holding bitcoin works to our advantage since it keeps gaining value against fiat.

[ekaterina77]

Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.

Its good to save them for future as price is getting higher and higher but if you don't have any places to spend them in your country you can always sell them to fiat and spend them or else you can also go for bitcoin debit card as it is widely accepted like credit/debit cards so spending them is not as hard as it was in the past and there are now many options available to spend them if you genuinely want to and if its an investment for you then its better to hold them for future as price gonna be much higher in coming years.

Getting a debit card is a good idea but I prefer not to since I believe in bitcoin and the technology underneath, so I will wait for bitcoin to gain more acceptance besides holding bitcoin works to our advantage since it keeps gaining value against fiat.

But nevertheless, we still use Fiat and are even dependent on this currency. Bitcoin is the future and it's still too early to do anything today.

[LeGaulois]

A Bitcoin debt card is still the most easy to use for spending bitcoin and specially offline. I hold some Bitcoin but I also spend some for buying things here and there. Via a debt card or using exchanges when i want to sell it for a bank transfer. It's fast. If you have bills to pay don't worry you will spend your bitcoin soon or later lol

[Pattart]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

[JL421]

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

[chrisivl]

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

[Kasabus]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

If you look at outside the box, those countries where bitcoin stores are not yet widely present gives them the opportunity to save, instead of being a spender let's choose to save because that is for our own good anymore. The thing is, when that development will happen, we can certainly be tempted and eventually spend our precious bitcoins which we aresuppose to be holding it for a longer time.

[Sundark]

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

Bitcoin is not suited to be accepted by online shops in a direct way. Services which were bitcoin friendly before changed their stance and no longer support BTC.
Learn more from this thread: Fiverr.com forced to remove BTC as a payment option due to high fees https://bitcointalk.org/index.php?topic=1817684.0

Bitcoin might be the best investment when you buy and hold coins, not so much when you want to use is as a payment method.

[danherbias07]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

Yes that is the real question. How do we it if we dont have the technology to make it happen. Here in Philippines we dont have something like that. We spend it by exchanging it to fiat first. Very limited shops do accept it and hard to find. It will take more years for bitcoin accepted payment could be done here for the economy rise slowly and I dont think companies would be open to that risk.

[Viscore]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

Yes that is the real question. How do we it if we dont have the technology to make it happen. Here in Philippines we dont have something like that. We spend it by exchanging it to fiat first. Very limited shops do accept it and hard to find. It will take more years for bitcoin accepted payment could be done here for the economy rise slowly and I dont think companies would be open to that risk.

And that would not be a problem on my part as I can live with that as long as there is an exchange site which will allow us to convert our bitcoin to fiat. But since we are hoping for progress, we love to see that more merchants will accept bitcoin as it's a good sign of adoption which will make other people aware on the existence of bitcoin.

[noictib]

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.

I think this is a legalisation of Bitcoin in any country . Most of the countries are not accepting Bitcoin directly , since they allowed Bitcoin indirectly .
Here I my self earlier advertising Bitcoin in between my friends and saying to make buy and sell through bitcoins but most of them first goes to see the legality of Bitcoin at Wikipedia for country .
And about 80-90% friends said me to keep himself away from the Bitcoin.
So in this case here it is more better to use Bitcoin secretly . I think this may be also a thing for many bitcoiners to not to use day by day in his practical life .

[bitkilo]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

Yes that is the real question. How do we it if we dont have the technology to make it happen. Here in Philippines we dont have something like that. We spend it by exchanging it to fiat first. Very limited shops do accept it and hard to find. It will take more years for bitcoin accepted payment could be done here for the economy rise slowly and I dont think companies would be open to that risk.

And that would not be a problem on my part as I can live with that as long as there is an exchange site which will allow us to convert our bitcoin to fiat. But since we are hoping for progress, we love to see that more merchants will accept bitcoin as it's a good sign of adoption which will make other people aware on the existence of bitcoin.

Too many people keep thinking that for mainstream adoption we need to start to see the supermarket and corner stores start to accept bitcoin but i don't see it working that way.

Bitcoin is an online currency and that is where it will stay, although just because it is an online currency doesn't mean that you won't soon be able to buy your shopping with it, a lot of the major supermarkets and department stores are already using pay online pick up later systems and this can just be another payment method they can now offer, confirmations shouldn't be a problem since they could just send you a SMS as soon as one confirmation comes through and you could then drive down to pick up you weekly shopping.

[serjent05]

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin

Yes that is the real question. How do we it if we dont have the technology to make it happen. Here in Philippines we dont have something like that. We spend it by exchanging it to fiat first. Very limited shops do accept it and hard to find. It will take more years for bitcoin accepted payment could be done here for the economy rise slowly and I dont think companies would be open to that risk.

And that would not be a problem on my part as I can live with that as long as there is an exchange site which will allow us to convert our bitcoin to fiat. But since we are hoping for progress, we love to see that more merchants will accept bitcoin as it's a good sign of adoption which will make other people aware on the existence of bitcoin.

Too many people keep thinking that for mainstream adoption we need to start to see the supermarket and corner stores start to accept bitcoin but i don't see it working that way.

Bitcoin is an online currency and that is where it will stay, although just because it is an online currency doesn't mean that you won't soon be able to buy your shopping with it, a lot of the major supermarkets and department stores are already using pay online pick up later systems and this can just be another payment method they can now offer, confirmations shouldn't be a problem since they could just send you a SMS as soon as one confirmation comes through and you could then drive down to pick up you weekly shopping.

I do think that online transaction is good enough to make Bitcoin to be adopted by masses.  Remember we are already in an information age where we can almost get everything we need thru the internet.  And the trend is incline on that, full online transactions.  We just need a little more time to see Bitcoin being accepted anywhere in the world and be adopted by every internet users in the planet.