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Author Topic: Spending Bitcoins  (Read 101036 times)
llanillo
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March 27, 2017, 01:44:21 AM
 #1261

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending

Someone told me here that we need to spend it on what we wanted and makes us happy because that is what we deserved from all hardworks and efforts we do. All of us wants to live a comfortable life so spending bitcoin is the best way we can do and that is one of its uses.

Spending is good but only at appropriate time as no one will prefer to spend their bitcoins when price is low and in current situation most of the users will prefer to hold their coins as spending them now will be loss for them and they will spend it only when price goes higher where they can earn more money from it.

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freedomgo
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March 27, 2017, 05:58:56 AM
 #1262

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending

Someone told me here that we need to spend it on what we wanted and makes us happy because that is what we deserved from all hardworks and efforts we do. All of us wants to live a comfortable life so spending bitcoin is the best way we can do and that is one of its uses.

Spending is good but only at appropriate time as no one will prefer to spend their bitcoins when price is low and in current situation most of the users will prefer to hold their coins as spending them now will be loss for them and they will spend it only when price goes higher where they can earn more money from it.
You can easily spend if that is your main intention only, bitcoin is just a currency and therefore it can easily be spent. Only those investors are
hesitant to spending their bitcoins as they believe the price will still rise and since now the price is down, they are not getting a good value they want.

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Erza
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March 27, 2017, 08:52:28 AM
 #1263

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.

By saving it to your own wallet how can you get profit of earning anyway? Does not make any sense, because this is not investment or banks that can give you some interest. You should earn it by trading or may be try some luck by gambling some of your money. Just by holding it you can only grow the value, not the coin exactly
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March 27, 2017, 02:22:14 PM
 #1264

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.
Intristing
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March 29, 2017, 06:52:50 AM
 #1265

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.

I hold most of my bitcoins. But I also use some to promote the bitcoin.
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March 29, 2017, 07:45:01 AM
 #1266

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.

I hold most of my bitcoins. But I also use some to promote the bitcoin.

i'm mining btc and alt's...
i use 50% of my mined coins with XAPO card...
other 50% of btc and altcoins is waiting in wallets, and when i reach new high i sell 25% of this 50%...
and so on.

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CryptoCurrencyInc.com
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March 29, 2017, 12:10:43 PM
 #1267

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.

Holding is good but spending is better as it will help economy to get bigger and stronger in future as if no one will spend their coins and simply hold it then it will never help in taking bitcoins price to higher level so sometimes its good to spend bitcoins.

                                                                               
                 
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Harlot
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March 29, 2017, 12:25:31 PM
 #1268

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.

Holding is good but spending is better as it will help economy to get bigger and stronger in future as if no one will spend their coins and simply hold it then it will never help in taking bitcoins price to higher level so sometimes its good to spend bitcoins.
How can spending help Bitcoin's economy to be better? Isn't economy in order to be better it needs to have an increase in demand. As we can see that we are just a few million users of Bitcoin but we made the price of Bitcoin above 1000$ can you imagine what will be the price of Bitcoin if half of the world's population is using it?
D05GTO
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March 29, 2017, 01:22:03 PM
 #1269

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.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


Yes, to be wise and afraid to be involve to some other scamming sites, keeping your money in online wallet is the best move and profit earning way. And most of us here can prove it that they earn big profit from holding or keeping their coins in their wallets.
hold also advantageous that's why people prefer to save rather than spending. may be slightly different when bitcoin already widely accepted. will certainly start many users are using bitcoin for spending
although everyone has the right to use bitcoin according to his own wishes and there is no restriction on any one to use bitcoin,  but still i will like to say that in present time holding bitcoin will be more profitable.

Holding is good but spending is better as it will help economy to get bigger and stronger in future as if no one will spend their coins and simply hold it then it will never help in taking bitcoins price to higher level so sometimes its good to spend bitcoins.
How can spending help Bitcoin's economy to be better? Isn't economy in order to be better it needs to have an increase in demand. As we can see that we are just a few million users of Bitcoin but we made the price of Bitcoin above 1000$ can you imagine what will be the price of Bitcoin if half of the world's population is using it?

Of course if nobody will spend bitcoins then it will affect its price badly and price will never increase and bitcoin is a currency so it should be treated as a currency and demand of bitcoin will surely go higher in future when more people will be aware about it which will help in taking price higher.


 
 
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danherbias07
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March 29, 2017, 01:30:12 PM
 #1270

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

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bep42
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March 29, 2017, 03:47:55 PM
 #1271

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.
tracktorr
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March 29, 2017, 10:39:48 PM
 #1272

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.
This applies only to the large holders of bitcoins who have other plans for bitcoin and at the same time have other financial incomes at the expense of which they live. But I think that ordinary users bitcoin, earn bitcoin to spend.
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March 29, 2017, 10:50:47 PM
 #1273

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.

if we are invested our money in bitcoin then i think we don't have to spend our bitcoin or we can spend only in small amount and the rest we should keep it for a while. i think its good to spend our bitcoin as we need to know how it feels like and we can know how much the small, normal, high fee that we can spend. but i am spending my bitcoin is for my weekly expenses that i have and i think i can do this with my local store website.

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March 29, 2017, 11:12:54 PM
 #1274

this butuk time intuk be again and not cause any to spend bicoin may later collected back.
GreenBits
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March 30, 2017, 12:51:51 AM
 #1275

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.
This applies only to the large holders of bitcoins who have other plans for bitcoin and at the same time have other financial incomes at the expense of which they live. But I think that ordinary users bitcoin, earn bitcoin to spend.

Absolutely. Bitcoin is money. Unless you have megabucks, or multiple streams of income, the Bitcoin will be spent, like money usually is. But, if you can manage to keep your saving in bitcoin, you would generally experience a positive interest rate, over a given year (it really matters what years though; had you caught the slide down from 1000 after Gox, it wouldn't be pretty).
bitkilo (OP)
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March 31, 2017, 02:13:47 AM
 #1276

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 also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.
This applies only to the large holders of bitcoins who have other plans for bitcoin and at the same time have other financial incomes at the expense of which they live. But I think that ordinary users bitcoin, earn bitcoin to spend.

Absolutely. Bitcoin is money. Unless you have megabucks, or multiple streams of income, the Bitcoin will be spent, like money usually is. But, if you can manage to keep your saving in bitcoin, you would generally experience a positive interest rate, over a given year (it really matters what years though; had you caught the slide down from 1000 after Gox, it wouldn't be pretty).
It's good to see that some other member actually look at bitcoin as a currency too and not just a form of investment, i can't see too many currencies surviving very long if nobody actually uses them to trade.

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March 31, 2017, 06:29:01 PM
 #1277

I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally
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April 01, 2017, 05:53:50 AM
 #1278

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.

Bitcoin is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
bitkilo (OP)
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April 01, 2017, 06:07:23 AM
 #1279

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.

Bitcoin is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
If you really want to start spending bitcoins on a regular basis then it just sounds to me like you are just not looking hard enough. I'm sure that most countries have services available now that will let you pay in bitcoin while the shop still get the currency they want.

A bitcoin debit card comes in handy too.
I know these choices are 3rf parties and thats not reall what bitcoin was really designed for but sometimes you just have to go outside the box.

Botnake
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April 01, 2017, 07:04:56 AM
 #1280

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.

Bitcoin is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
If you really want to start spending bitcoins on a regular basis then it just sounds to me like you are just not looking hard enough. I'm sure that most countries have services available now that will let you pay in bitcoin while the shop still get the currency they want.

A bitcoin debit card comes in handy too.
I know these choices are 3rf parties and thats not reall what bitcoin was really designed for but sometimes you just have to go outside the box.
I feel it's expensive to spend bitcoin when you use a debit card, you have to pay for the charges and for me I think that is not necessary since I can easily cash out my bitcoin and by my wants in needs in fiat. What made me use bitcoin actually is because I use it to trade and to invest, also in the form or entertainment it's useful since you can gamble easily with your bitcoin.

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