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Author Topic: Spending Bitcoins  (Read 100817 times)
mozillaspez
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October 11, 2017, 04:10:06 AM
 #1481

Bitcoin is not widely used in my country nor even known. There is really not much option rather using bitcoin for online payments. I do use bitcoin daily for buying my Mobile load. Other than that, I have to convert bitcoin to fiat to be able to make use of it for my daily expenses.

Likewise in my country. The only thing that i can bought using my bitcoin is prepaid load other than that you still have to convert it to your currency just to pay online payments such as uitility bills and other online transactions. Though i heard that we can use it to give tips for Uber but i havent try and never ask though. Never know how true it is.

This is also true in my country, you need to have a online wallet for this to be used mainly for transferring and also services such as prepaid load. In order to spend bitcoin, it is often converted first to the bank before it you can spend anything with it which is clearly not a direct usage for spending since it is not yet directly acceptable to stores or any sort of merchandise. 

That is because bitcoin is not that popular in other country and so its not yet widely use. Other business are still doubtful about bitcoin but when the government will start legalizing bitcoin then we can see a lot of business that will take bitcoin as a payment.
One day bitcoin your country is so popular then you use bitcoin in your country and your government will start legalizing bitcoin because there are many countries who accept bitcoin step by step you need still hold your bitcoin for your good upcoming your future.
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October 11, 2017, 04:12:22 AM
 #1482

Amazingly, currently the bitcoin price is around $ 4600 and this is the year-end trend that always goes up, I think we will regret if bitcoin, hold spending is better than spending.
For investors our main goal is to make money out of our holdings and we will never gonna sell it if we are not satisfied with the price.
This is going to be a long term hold and I believe selling when you do not need to is just robbing yourself from great opportunity to make profit that awaits ahead.

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Milo_Kidd
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October 11, 2017, 06:39:55 AM
 #1483

There are people who spend bitcoins at stores or at gambling sites but I never do that. I only use Bitcoin to save my money and to make some extra money at the same time.

If I were be having a great income in bitcoin I cant take myself to spend it like buying in store, food etc. Once I earned this I have a great plan and for me its a better plan. I want to spend it with business. I want to grow what Ive started because I know this was hard to earn. Im getting wise with spending it.

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October 11, 2017, 09:36:13 AM
 #1484

We could not use bitcoin in future basically since it can not hold the need if all people employed it. One more reason is that, spending through bitcoin need to have to be on the internet. In is not automatically applicable for absolute working day to working day way of acquiring.
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October 11, 2017, 10:00:34 AM
 #1485

Yes spending bitcoins is not necessary for me because i have to save it for my investments and for my future plans.. Smiley Smiley
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October 11, 2017, 10:22:36 AM
 #1486

Spending maybe a half of my bitcoin only..i save bitcoin for my future purpose only Smiley Wink Kiss
Spending of Bitcoins is something which I believe most of the investors and traders of Bitcoin will not appreciate as well as my own self. Spending of Bitcoin actually means that you are wasting your own money with your very own hands.

There is no point of spending Bitcoin till the time it becomes very much necessary. You need to be very much wise and smart in deciding this thing. I will advise’ you not to spend your Bitcoins, rather save your Bitcoins for more profit.

I think it is easier said than done when you have no money with you to feed and with no option other than the bitcoin in your wallet, you would rather covert part of it to fiat so as to feed rather than die.

For me, if I'm in such dilemma, I would covert my bitcoin because it is my own after all I won't covert everything. There is a saying that -"an hungry man is an angry man " Grin

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October 15, 2017, 03:53:23 PM
 #1487

Properly, I'm sorry . I haven't devote my bitcoin however as I planned to hold it and take into account as my lengthy time period investment and financial savings.I will spend my bitcoin of training course, but in time when I go vacation to country that currently has assist bitcoin payment everywhere.For now, not a lot of options exactly where I am heading to purchase or commit my bitcoin alternatively of convert into fiat money which I won't do yet without an urgent situation.
shiunsai
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October 15, 2017, 10:24:29 PM
Merited by XEFUZ (2)
 #1488

If you are in need of money then you can spend your bitcoins without any doubt as we are earning or investing in it so that it can help us at the time of emergencies so at that time keeping bitcoins idle doesn't make any sense to me so if I am in need of money or if I see much higher price then it will take no time for me to sell my bicoins and get higher value of fiat in hands.
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October 15, 2017, 10:49:00 PM
 #1489

Bitcoin is not widely used in my country nor even known. There is really not much option rather using bitcoin for online payments. I do use bitcoin daily for buying my Mobile load. Other than that, I have to convert bitcoin to fiat to be able to make use of it for my daily expenses.

Same here in our country. We don't usually use bitcoin as a means of payment, so until now it is still not known or popular to many people. Only those open-minded people want to use bitcoin as a means of payment for services or other goods online. But we can convert it into our own currency so we can use it for buying things that we need every day.
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October 16, 2017, 02:21:23 PM
 #1490

For me now Bitcoin - an expenditure project. I do not devote your Bitcoins to get those items that can be acquired for pounds. I do not see the level
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October 26, 2017, 01:07:16 AM
 #1491

Bitcoin is not widely use but  there are people spent bitcoin in store or online payment to buy a good stocks.but for me
I have to convert bitcoin to money to be able to make use of it for my daily expenses.
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October 26, 2017, 08:57:33 AM
 #1492

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.


Basically main use of Bitcoin to buy illegal Staff with cheap price .

most porn sites accept Bitcoin


i Spend BTC in ATM and Dark net
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October 26, 2017, 12:17:39 PM
 #1493

I think spending bitcoin is not a good idea.  As the value of bitcoins now fluctuates so there are chances that it may go further.  Bitcoin prices are now $6000 there are chances that this price will go on increasing.  So spending bitcoin is not a good idea.  If you in urgency I will suggest to sell some portion rather than to sell the whole.  Bitcoin is in whole and fraction both.  So I will suggest to sell a small fraction and keep the rest for future. Cryptocurreny is already new and is turning everyday, nothing is predictable in case of bitcoin.
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October 26, 2017, 02:16:36 PM
 #1494

There a lot of vendors which van help bitcoin users to spend their bitcoin, we can buy goods from amazon through purse. Io. Amazon is not directly accept bitcoin but the vendors will manage the transaction for them, so amazon only recieve fiat.  Wink

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October 26, 2017, 02:35:10 PM
 #1495

There a lot of vendors which van help bitcoin users to spend their bitcoin, we can buy goods from amazon through purse. Io. Amazon is not directly accept bitcoin but the vendors will manage the transaction for them, so amazon only recieve fiat.  Wink
Yea now some local vendors started to accept bitcoins, if we buy or pay any bills they will take that money in the form of bitcoins. so we can buy things from direct paying bitcoins but not in all countries. i think only in few countries this facility is there.
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October 26, 2017, 02:39:22 PM
 #1496

There a lot of vendors which van help bitcoin users to spend their bitcoin, we can buy goods from amazon through purse. Io. Amazon is not directly accept bitcoin but the vendors will manage the transaction for them, so amazon only recieve fiat.  Wink
Yea now some local vendors started to accept bitcoins, if we buy or pay any bills they will take that money in the form of bitcoins. so we can buy things from direct paying bitcoins but not in all countries. i think only in few countries this facility is there.
Yes most of that countries are the first world countries. They are already accepting bitcoin as a form of payment in some of their local stores. That is so good to hear because in third world countries like mine we can't spend bitcoin on the streets, transactions are always made online and we have to convert it first to local currency.
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October 27, 2017, 07:44:14 AM
 #1497

To be able to use my earnings on bitcoin in our country, i need to transfer it first to fiat because there are no POS available for transacting a bitcoin currency for exchange.

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October 27, 2017, 08:02:41 AM
 #1498

I spend my bitcoin to invest ICO's project not spending other unnecessary thing because I have a bitcoin. I want to hold this bitcoin for long term for better future.
Now the price value moving up its not time to spend its time to invest.
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October 27, 2017, 08:03:35 AM
 #1499

To be able to use my earnings on bitcoin in our country, i need to transfer it first to fiat because there are no POS available for transacting a bitcoin currency for exchange.
That usually are the procedure, in our country bitcoin is not that popular so I need to convert it into fiat because I can spend it.
Good thing is that I earn online with trading and to convert bitcoin to fiat is easy so I am still thankful.
However, I know the value will rise so I also save some for the future.

 
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October 27, 2017, 09:13:45 AM
 #1500

I suggest to keep keep bitcoin for a long time, I say so because bitcoin prices will continue to be expensive because of limited stock while demand continues to rise.

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