Spending Bitcoins

[Collider]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Yes its good to keep bitcoins safe in wallet instead of spending it or investing it anywhere as we don't know what decision will arrive in coming months and price can even crash at that point of time and at least holding will give you a feeling of security that your bitcoins are safe in your wallet.

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[Mersedes]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Yes its good to keep bitcoins safe in wallet instead of spending it or investing it anywhere as we don't know what decision will arrive in coming months and price can even crash at that point of time and at least holding will give you a feeling of security that your bitcoins are safe in your wallet.

I, too, still just keep my bitcoins in my wallet. A small part of the bitcoins I introduced to the stock exchange for trading. I can not invest successfully. Therefore, most of the bitcoins I just store and do not spend

[lx001]

You should use the currency. It is available for purchase all the time, it is not rare, price swings wont affect you much if you use it for your daily, minimum expenses

[czvezda]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Yes its good to keep bitcoins safe in wallet instead of spending it or investing it anywhere as we don't know what decision will arrive in coming months and price can even crash at that point of time and at least holding will give you a feeling of security that your bitcoins are safe in your wallet.

I, too, still just keep my bitcoins in my wallet. A small part of the bitcoins I introduced to the stock exchange for trading. I can not invest successfully. Therefore, most of the bitcoins I just store and do not spend

Yes its good to spend some bitcoins on trading sites which helps us in growing our bitcoins quicker but don't put all your bitcoins there as it can be risky and if your trade goes wrong then you can loose huge some of money so be careful in investing even a small part of bitcoins.

[bitkilo]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Yes its good to keep bitcoins safe in wallet instead of spending it or investing it anywhere as we don't know what decision will arrive in coming months and price can even crash at that point of time and at least holding will give you a feeling of security that your bitcoins are safe in your wallet.

I, too, still just keep my bitcoins in my wallet. A small part of the bitcoins I introduced to the stock exchange for trading. I can not invest successfully. Therefore, most of the bitcoins I just store and do not spend

Yes its good to spend some bitcoins on trading sites which helps us in growing our bitcoins quicker but don't put all your bitcoins there as it can be risky and if your trade goes wrong then you can loose huge some of money so be careful in investing even a small part of bitcoins.

Trading is not spending your bitcoin, it's investing. This thread is supposed to be about spending bitcoins in day to day live.

Also if trading then you should never leave any bitcoins on an exchange overnight, didn't gox along with a bunch of other exchange "hacks" teach anybody a lesson yet.
If you have to leave it there to complete a deal then just make sure it is an amount you can afford to loose in case of worse case scenario.

[danherbias07]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Yes its good to keep bitcoins safe in wallet instead of spending it or investing it anywhere as we don't know what decision will arrive in coming months and price can even crash at that point of time and at least holding will give you a feeling of security that your bitcoins are safe in your wallet.

I, too, still just keep my bitcoins in my wallet. A small part of the bitcoins I introduced to the stock exchange for trading. I can not invest successfully. Therefore, most of the bitcoins I just store and do not spend

Yes its good to spend some bitcoins on trading sites which helps us in growing our bitcoins quicker but don't put all your bitcoins there as it can be risky and if your trade goes wrong then you can loose huge some of money so be careful in investing even a small part of bitcoins.

Well it is trading and we can't be too much careful with everything that we trade or we wont find any profit from that.
I say we risk some but dont let it get into you when you felt the first profit small or large.
Keep on staying at the safe side with a little risk that is taken. That is all for my opinion.

[ManOnTheMoon]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

[bitkilo]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

[hamiltonik]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

[bitkilo]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

That's OK too, just remember that the first person you must trust with your bitcoins is yourself.
Do you trust that you have those coins secured well in an address that you control and not held in an online wallet.

[kikeda]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

You lost your bitcoins in the past because you invested at a wrong place but there is no risk in spending bitcoin for buying or for shopping you can easily spend it but if you have made your mind not to spend them then keep your bitcoins safe in your wallet.

[bitkilo]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

You lost your bitcoins in the past because you invested at a wrong place but there is no risk in spending bitcoin for buying or for shopping you can easily spend it but if you have made your mind not to spend them then keep your bitcoins safe in your wallet.

If spending your bitcoins online then there is big risks of someone not playing fair because it is an irreversible currency.
If purchasing something through the forum here then always use an reputable escrow provider, some are free and other charges a small fee but it is worth the piece of mind.

[Japinat]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

You lost your bitcoins in the past because you invested at a wrong place but there is no risk in spending bitcoin for buying or for shopping you can easily spend it but if you have made your mind not to spend them then keep your bitcoins safe in your wallet.

If spending your bitcoins online then there is big risks of someone not playing fair because it is an irreversible currency.
If purchasing something through the forum here then always use an reputable escrow provider, some are free and other charges a small fee but it is worth the piece of mind.

I think that is already an initiative to ensure that you can find a legitimate transacting party, scammers are every but you can stay away from them if you always play safe. If you do not trust bitcoin for your online spending then you can simply convert it to fiat and go with our payment system.
The thing is, while bitcoin is getting popular there are third party businesses who would like to make online transactions safe and more faster for us.

[traderethereum]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

You lost your bitcoins in the past because you invested at a wrong place but there is no risk in spending bitcoin for buying or for shopping you can easily spend it but if you have made your mind not to spend them then keep your bitcoins safe in your wallet.

its not good to invest in HYIP programs because we can not know if the programs is real and trusted or just a scam programs. but if you have bad experience with HYIP in the past, then i think you don't do it again in future and only spending bitcoin for important things and buy something that you really wants.

[bitkilo]

I am not spending my bitcoins directly but I spend them indirectly by selling them and converting them to fiat currency as that is the only option I have at a moment as I don't see any direct places where I can spend my bitcoins directly as none of them accepts bitcoin as a mode of payment at a moment.

Find a way to spend them directly with the businesses online that you want to purchase good from or even try see if purse.io has what you want. As a last option you could always use a third party provider that converts your bitcoins to the currency the place you are shopping at accepts but that is best left as a finale option and needs a lot of research before putting that sort of trust in another company.

I can not now trust my bitcoins to anyone. I lost a lot in HYIP. So I decided to just hold bitcoin. Now I do not want to spend it. Maybe in the future I will change my mind

You lost your bitcoins in the past because you invested at a wrong place but there is no risk in spending bitcoin for buying or for shopping you can easily spend it but if you have made your mind not to spend them then keep your bitcoins safe in your wallet.

If spending your bitcoins online then there is big risks of someone not playing fair because it is an irreversible currency.
If purchasing something through the forum here then always use an reputable escrow provider, some are free and other charges a small fee but it is worth the piece of mind.

I think that is already an initiative to ensure that you can find a legitimate transacting party, scammers are every but you can stay away from them if you always play safe. If you do not trust bitcoin for your online spending then you can simply convert it to fiat and go with our payment system.
The thing is, while bitcoin is getting popular there are third party businesses who would like to make online transactions safe and more faster for us.

I don't care how safe a 3rd party says they are, nothing is as safe as myself making the transaction with only me having access to the private key.
Unless these companies like Coinbase are offering insurance on human error there is no need for them when you know what your doing.

[posternat]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

[posternat]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

 Also because of the increasing demand of it, so once they produce lot of bitcoin the value will gonna low which we do not want to happen. The current quantity of bitcoin is just perfect.

[yrreg ger]

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.

One reason why we could not use bitcoin for day to day or daily expenses is because bitcoin is still not legal in other countries. Another is not all countries uses bitcoin for making money transfer and there are countries that does not know about bitcoin. Maybe they have heard about bitcoin but they does not allow it to be used for transactions.

As an example is in my country, we do not use bitcoin for daily expenses because it's existence is not yet known here. Bitcoin is really popular today but not for all people. It still needs to be properly introduced in order for it to be used in daily life transactions legally.

[gsrcrxsi]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

Not everyone wish to spend their coins and will not spend until the price of bitcoins have their target price as bitcoin is a pure investment for them so they will sell or spend them only when they are making enough profits from it.

[Zulucia]

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

Not everyone wish to spend their coins and will not spend until the price of bitcoins have their target price as bitcoin is a pure investment for them so they will sell or spend them only when they are making enough profits from it.

I think it is better to spend a small percentage to help the circulation.