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Author Topic: Spending Bitcoins  (Read 101036 times)
Savemore
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October 29, 2017, 06:50:27 AM
 #1521

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 am not spending my bitcoins because I know that the price of the bitcoin will be triple in the next 5 years. The price of the bitcoin reached $6000 per each and it seems that it will continue to rise up before the year will end.
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October 29, 2017, 06:58:04 AM
 #1522

the same as in place I might now all forms of store still not accept bitcoin as one tool Exchange for the people so there is plenty of that can receive food well from bitcoin and anticipate the error unfamiliarity resulting in a split a country later.

wdnj
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October 29, 2017, 07:12:19 AM
 #1523

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.
Best strategy to make unlimited amount. If you can afford to buy bitcoin, surely buy them and buy them more than one, as much as you can afford. Then keep them with you until prices are going higher and higher. Don’t get panicked when there are dips coming, bitcoins are always rehabilitate after dips. After 3-4 years, sell them and you will be see the unexpected profit for you.
justspare
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October 29, 2017, 08:48:14 AM
 #1524

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.

Spending all of your coin is not something wise to do, due to the current state of price, it is like really promising future that you can get. But how about if you combine it with some trading, I believe the value of the coin will still there in case you sell or used some of your coin. Most people sell every coin they have but they do not withdraw everything, only some part of it. I think this will do since there is always smooth when withdraw on own exchanger
I am the one who is strictly against the spending of bitcoins. Spending of bitcoin actually means that you are wasting your very own bitcoins. There is no point of spending your bitcoins when you are well aware of this thing that holding of bitcoin for some more period of time can help you in increasing the amount of money than you are having right now. Do not go for spending of bitcoins until and unless you are left with no other option.

Galahad111
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October 30, 2017, 07:05:31 PM
 #1525

the same as in place I might now all forms of store still not accept bitcoin as one tool Exchange for the people so there is plenty of that can receive food well from bitcoin and anticipate the error unfamiliarity resulting in a split a country later.
Yes, still some countries don't accept bitcoin as an exchange currency but I think people of maximum countries are using bitcoin for online exchange. As now its modern era so there is also a chance that people may start using bitcoin not only for online exchange but also for their daily life routine rather than using paper money.
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October 31, 2017, 05:41:14 PM
 #1526

In my country, not all stores or retailers use bitcoins as the payment,  so we cannot use them in daily expenses. Only one or two retailers which has used bitcoins. The reason is some people have not known bitcoin. They don't know how to deal with it.
angelmavr
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October 31, 2017, 06:09:16 PM
 #1527

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.

It's really hard for you when the goverment at your local doesn't look at Bitcoin at the official currency for method payment . So i think it's depend on the country to use this plan.
Aureliusy
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October 31, 2017, 06:32:37 PM
 #1528

The only way to spend bitcoins is to rebuy as soon as you did spend them. Only problem is the fee, so it has to be a large purchase.
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October 31, 2017, 06:39:26 PM
 #1529

I cannot used bitcoin everyday, because bitcoin in my country is not that popular yet in the public places here. There are only few merchants accepted bitcoin which is located only at civilized place. So bitcoin is useful to me every week. Then through remittances, banks, I can cash it.
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October 31, 2017, 06:55:14 PM
 #1530

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.

There are still people who are illiterate about the right way to use bitcoin so it might be difficult for others to use bitcoin as payment on everything and still there are many poor people who can't use modern technology and think that it is better to use paper money rather than bitcoin. Many people believe that bitcoin is a scam which is not true so it might not good if we push it to people.

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October 31, 2017, 07:11:50 PM
 #1531

Because bitcoin will grow in value and it would be foolish to spend it? If I were to spend a coin or token it would be one that I could get at the bottom but I know wouldnt go too far either. Some coin like Dogecoin where

you know it wont crush the world but it wont die out either..it seems like a good coin to speculating on for spending..but never bitcoin for me!
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October 31, 2017, 09:11:08 PM
 #1532

The only way to spend bitcoins is to rebuy as soon as you did spend them. Only problem is the fee, so it has to be a large purchase.
Haha, so look like it's not good for you at all ? You will lose slowly your profit , so i think this is not a good way to spend Bitcoin at all.
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October 31, 2017, 10:46:28 PM
 #1533

Yes spending bitcoins is not necessary for me because i have to save it for my investments and for my future plans Kiss
I like your plan with bitcoin to save bitcoin for business and future and not spending it this is best idea to have a good future because we know that the price of bitcoin is increasing with the time and those people who earn bitcoin in past and now if they sell it than they will get more profit just like that after sometime bitcoin price will increase more and will become more profitable.
IanRidgwell
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October 31, 2017, 10:47:19 PM
 #1534

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.
Best strategy to make unlimited amount. If you can afford to buy bitcoin, surely buy them and buy them more than one, as much as you can afford. Then keep them with you until prices are going higher and higher. Don’t get panicked when there are dips coming, bitcoins are always rehabilitate after dips. After 3-4 years, sell them and you will be see the unexpected profit for you.
Yes I am agree with you but we need to be mature and aware because we don’t know when will the price of bitcoin increases or decreases, we need to be patience and wait for the right time I mean to hold up our bitcoin and when the price goes high than sell all these bitcoin and this will make a simple person rich and change life.

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November 01, 2017, 05:10:47 PM
 #1535

Yes spending bitcoins is not necessary for me because i have to save it for my investments and for my future plans Kiss
You are right it s not good to use the bitcoin and not to save the bitcoin for the future because a lot of the people are buying with the bitcoin and they are having the good income in the very short time, I love to buy it and it is the holding value and the huge profit so I am having the bitcoin as the second source of the bitcoin and the values of the object is now getting high day by day so it is the time of the bitcoin to save more and more.

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November 02, 2017, 01:59:15 AM
 #1536

In my country bitcoin is not that visible enough to use as a payment to different things.Converting bitcoins to cash and buying some load can be done through bitcoin.

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November 02, 2017, 02:34:46 AM
 #1537

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.


now spending bitcoin is very difficult because in my country have not received payment with bitcoin. if I want to buy something I want to trade it into physical money in my country. hopefully in 2020 my country has already received payment with bitcoin.

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November 02, 2017, 03:48:00 AM
 #1538

I would not want to  spend my btc. I would like to save it for later because the BTC equivalent to USD is currently rising at greater heights day by day. I am still enthusiastic it will reach 10k USD next year. I am currently mining my btc in BTCheat. I hope it is a good paying site because I am halfway near in their threshold so i can cash out. I'll wait and see after a year if i could have a lot of money from there hehe. If ever i would spend my BTC I would like to invest in more powerful computers to enhance my mining capability. :-)
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November 02, 2017, 04:18:27 AM
 #1539

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.


Here in our country I never heard of merchant that accept bitcoin, but our Central Bank already legalizing the use of bitcoin.

We have local exchange site that you can use bitcoin in paying your bills, top up game cards and top up load for our cellphone network.

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November 02, 2017, 04:30:02 AM
 #1540

ou can easily cash out Bitcoins using a card named Bitpay. All you need to do is register at their BitPay – Get Started with Bitcoin Payments get the card and download their mobile app. The mobile app has a Bitcoin wallet. Transfer some Bitcoin from your hardware wallet to your Bitpay wallet and you’ll be able to withdraw cash from any ATM that supports Visa. Hope this helps.
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