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Author Topic: Spending Bitcoins  (Read 101027 times)
artows21
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March 19, 2017, 01:04:24 PM
 #1221

I think that some of us can't spend bitcoin because they don't have enough, they are trying to save money so they can buy whatever they want.
Some dont have enough because they like to invest. They sacrifice their BTC hoping for a good business, maybe you can call it saving too.
Then the others dont really spend because of the transactions.
Thats a problem nowadays.
sekaiissobig
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March 19, 2017, 01:12:21 PM
 #1222

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

I would like to said in my country, the awareness of bitcoin is pretty low and there are very few people invest in bitcoin.
Another reason I believe that bitcoin is too volatile for a currency. Hence, company or businessman refuse to use it. As any of you worked in multinational company, you should know that currency exchange played an important role for company profit/ loss.
Instead in my country, I started to worry the future of bitcoin as if spending bitcion isn't popular in developed country after so many years of bitcoin development and market share of bitcoin have been dropped and taken by some alt coin. How can bitcoin become a future potential currency for people to trade.
The volatily nature of bitcion need to be settle first.
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March 19, 2017, 02:22:45 PM
 #1223

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.

I think most of the country already will accept bitcoin as their payment method and why on your country there is nothing? I suppose that you are not to use your bitcoin until the price is really sky rocketing. But still it depends on you whether you are going to long term investment or just spend it all around. But to be on your country that does not accept bitcoin is good somehoe because it will restrict you for not randomly using it so you can make sure in the long term the value will grow
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March 19, 2017, 02:30:09 PM
 #1224

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.

I think most of the country already will accept bitcoin as their payment method and why on your country there is nothing? I suppose that you are not to use your bitcoin until the price is really sky rocketing. But still it depends on you whether you are going to long term investment or just spend it all around. But to be on your country that does not accept bitcoin is good somehoe because it will restrict you for not randomly using it so you can make sure in the long term the value will grow
i think the op want to say that their government, as it is true that currently not a single country have announced bitcoin as legal currency. but still their people are using it as legal currency.
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March 19, 2017, 03:21:48 PM
 #1225

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.
Me too, lack of merchants accept Bitcoin is common problem for us having Bitcoin and only pay digital things like Top up phone and buy digital card. But, you can still exchange Bitcoin to flat with competitive rate and low fee.

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March 19, 2017, 05:31:48 PM
 #1226

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.
Me too, lack of merchants accept Bitcoin is common problem for us having Bitcoin and only pay digital things like Top up phone and buy digital card. But, you can still exchange Bitcoin to flat with competitive rate and low fee.

Yes it's a common problem for all of us that we can't spend bitcoin directly for buying things in our local places. But don't worry it since most of the local exchanges are offering some services just like you had mentioned. It's good to consider that we are spending bitcoins directly for that necessity in exchange of our btc.



 

 

 

 

 

 


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Trongersoll
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March 19, 2017, 06:01:56 PM
 #1227

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.
Me too, lack of merchants accept Bitcoin is common problem for us having Bitcoin and only pay digital things like Top up phone and buy digital card. But, you can still exchange Bitcoin to flat with competitive rate and low fee.


Yes lot of places bitcoin spending in local area is difficult. only way left is we have to exchange it and then use it. we need more merchants and more investors in btc who will start accepting btc.
ajeef
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March 19, 2017, 06:04:43 PM
 #1228

Spending bitcoins is difficult in my area as I don't find any place who accepts bitcoin as a payment method and even people have never heard about bitcoins so mostly I hold my bitcoins in my wallet and sometimes spend it for mobile top up or skype recharge as the usage of bitcoin is very limited.
Me too, lack of merchants accept Bitcoin is common problem for us having Bitcoin and only pay digital things like Top up phone and buy digital card. But, you can still exchange Bitcoin to flat with competitive rate and low fee.


Yes lot of places bitcoin spending in local area is difficult. only way left is we have to exchange it and then use it. we need more merchants and more investors in btc who will start accepting btc.

Just have some patience and everything will be fine in future bitcoin is still very new currency and not many people knows about it but once bitcoin gets older it will find more users who will join the ride and that will be the time when bitcoin will be widely used and accepted.
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March 19, 2017, 07:51:36 PM
 #1229

Spending bitcoins is very pleasant and convenient. When I first spent bitcoin - I was very surprised at how easy it is. And it's nice, I felt like a full owner of my money. Without government intervention and without control.
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March 19, 2017, 08:01:20 PM
 #1230

Spending bitcoins is very pleasant and convenient. When I first spent bitcoin - I was very surprised at how easy it is. And it's nice, I felt like a full owner of my money. Without government intervention and without control.

Spending bitcoins is always fun if you have enough bitcoins in your wallet and it can also take care of you in the time of emergencies as I spend my bitcoins at the end of every month and spend them on my friends and family.
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March 19, 2017, 11:59:27 PM
 #1231

Spending bitcoins is very pleasant and convenient. When I first spent bitcoin - I was very surprised at how easy it is. And it's nice, I felt like a full owner of my money. Without government intervention and without control.

Spending bitcoins is always fun if you have enough bitcoins in your wallet and it can also take care of you in the time of emergencies as I spend my bitcoins at the end of every month and spend them on my friends and family.
yes that is a fact that it is really feeling good, when we are using bitcoin as currency, but in fact in present time we do not have to use bitcoin and we will hold it for the price increase and hope that very soon the price of bitcoin will reach to more high value.

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March 20, 2017, 12:18:33 AM
 #1232

Spending bitcoins is very pleasant and convenient. When I first spent bitcoin - I was very surprised at how easy it is. And it's nice, I felt like a full owner of my money. Without government intervention and without control.

Spending bitcoins is always fun if you have enough bitcoins in your wallet and it can also take care of you in the time of emergencies as I spend my bitcoins at the end of every month and spend them on my friends and family.
yes that is a fact that it is really feeling good, when we are using bitcoin as currency, but in fact in present time we do not have to use bitcoin and we will hold it for the price increase and hope that very soon the price of bitcoin will reach to more high value.
That's right its good not to spend them right now as price can go much higher in future and if you keep on spending them now then in future you will be holding nothing in your hands and if you want to spend them now then spend only what is necessary and rest should be saved for future as you can earn higher amount of money when price will go higher.
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March 20, 2017, 12:34:00 AM
 #1233

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.

I personally think that we make bitcoins for spending them not for holding them, though holding bitcoins will give us a profit but holding them for a long time will also give a loss.
I convert my bitcoins into fiat and spending them to meet my personal expenses.
I think every user has freedom for the things they want including withholding bitcoin for their investment moreover it is profitable dude
after all, many people think that doing spending now has not been too effective then they use for investment it does not matter

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March 20, 2017, 01:51:01 AM
 #1234

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.


You need to think out of the box what will be the possibilities of spending your bitcoin rather than the cash itself. Well in my opinion, id rather spend my real money rather than my bitcoin because bitcoin changes its price every now and then . And on bitcoin event halving, the price will be doubled again . Im just earning my bitcoin for future porpuses.
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March 20, 2017, 02:13:28 AM
 #1235

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.


You need to think out of the box what will be the possibilities of spending your bitcoin rather than the cash itself. Well in my opinion, id rather spend my real money rather than my bitcoin because bitcoin changes its price every now and then . And on bitcoin event halving, the price will be doubled again . Im just earning my bitcoin for future porpuses.
It depends on the users, because most of the users here is want to earn income weekly to have extra money to spend and not for investment. It is good for you that you have lot of money to make your bitcoin as invesment.
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March 20, 2017, 02:13:40 AM
 #1236

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.


You need to think out of the box what will be the possibilities of spending your bitcoin rather than the cash itself. Well in my opinion, id rather spend my real money rather than my bitcoin because bitcoin changes its price every now and then . And on bitcoin event halving, the price will be doubled again . Im just earning my bitcoin for future porpuses.

That is the right thing to do as for our spending we can use fiat currency and keep our bitcoins intact in our wallet as the price of bitcoin will be higher in future which can give us extra money in the form of profits and if at that stage if we don't have good amount of coins in our wallet then we will be regretting for not saving them for the future.

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March 20, 2017, 06:19:17 AM
 #1237

I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.

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March 20, 2017, 07:14:23 AM
 #1238

I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
I'm curious how you earn that free bitcoins, I would love to know and I'll be glad if you will share it. I don't want to spend much with my bitcoin as I believe everything that I earn is coming from a very hard effort and in such way I have to value the money that I earn.
With bitcoin, I can ensure that although I do not have big investment in real life but with bitcoin having a great potential to grow, it could be my retirement plan in the future.

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March 20, 2017, 09:53:42 AM
 #1239

I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
I'm curious how you earn that free bitcoins, I would love to know and I'll be glad if you will share it. I don't want to spend much with my bitcoin as I believe everything that I earn is coming from a very hard effort and in such way I have to value the money that I earn.
With bitcoin, I can ensure that although I do not have big investment in real life but with bitcoin having a great potential to grow, it could be my retirement plan in the future.

I think he is trying to say that he is earning free bitcoins in the form of signature campaign but let me tell you that earning from signature campaign is not at all free and you have to make posts on daily basis to achieve the target of weekly posts and then only you will get paid and if you don't work you won't get anything.
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March 20, 2017, 11:23:19 AM
 #1240

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.
So what's wrong with that in the past we used to purchase mostly all the things we require through fiat so why people suddenly want to use bitcoins to actually make payments as it is risky and plus it may have some fees issues.
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