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Author Topic: Spending Bitcoins  (Read 100846 times)
Bobocantik
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April 05, 2018, 03:34:35 AM
 #1981

Bitcoin is so precious, we need to have the control in spending it because that money will grow its value in the future unlike fiat where it's subject
for inflation. Be wise with spending your bitcoin, if possible don't spend it and just save it for long term.
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April 05, 2018, 04:13:14 AM
 #1982

In my country, there is no store using bitcoin. But i use it in my mobile loads.
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April 05, 2018, 07:19:59 AM
 #1983

Bitcoin is so precious, we need to have the control in spending it because that money will grow its value in the future unlike fiat where it's subject
for inflation. Be wise with spending your bitcoin, if possible don't spend it and just save it for long term.
Depending on how we treat bitcoin, if we believe it will bring us money in the future then it's precious, but for some people it's just
a tool to help them transact faster online, we need this kind of people because they are the ones who will help to increase the demand and make bitcoin popular.

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April 05, 2018, 07:21:20 AM
 #1984

I don't believe crypto should used for everyday transactions. Just a method of savings and transfer large amounts of money  Shocked

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April 05, 2018, 10:02:09 PM
 #1985

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 think, in my country, Indonesia, I can not use bitcoin for everyday expenses. Because, the government prohibits merchants, shops, including financial services or e-commerce so as not to receive bitcoin.
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April 08, 2018, 09:32:04 PM
 #1986

I don't believe crypto should used for everyday transactions. Just a method of savings and transfer large amounts of money  Shocked
If that cryptocurrency is Bitcoin, it should becomes an asset for investment. I do not agree with you Bitcoin is just a method of saving and transfer huge amount of money, because the total of transactions hash in Bitcoin are from its trading activity. Saving Bitcoin is more risky than saving Gold, and transfer huge amount of money still need you find a place to sell your Bitcoin after received.
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April 08, 2018, 11:08:21 PM
 #1987

I guess people do not believe Bitcoin because of the technology that is just different bitcoin, fiat is much safer and much more advanced but still very modern, it does not have the power to convert fiat to bitcoin user, including most government. Because they can not control to get some tax.
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April 09, 2018, 03:10:48 AM
 #1988

Aside from government regulations about using bitcoin and the cryptos, one major concern that needs to be addressed is the fact that you can not utilize or transact bitcoin if you are offline. How can you buy food when you are so hungry and the internet crashes?

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April 09, 2018, 03:38:03 AM
 #1989

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.


in our country we can use bitcoin to pay electric bills to buy network loads but i don't think that they do accept bitcoin in exchange of foods. i haven't heard one yet but i hope there will be sooner since our society is already adapting bitcoin.
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April 09, 2018, 03:55:31 AM
 #1990

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.


Will i think their still more that has to be plan in doing what we want to expect, like inflouence from many banks in our country and outside the country, and more ideas if whats the benifits of having btc So that they can believe that btc will be a long term investmen.. Maybe Social Media advertisment rather indorsment will aslo help For it to be called assets in the industry and maybe indorsment from big influencial personalities..

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April 09, 2018, 05:45:53 AM
 #1991

Our country do not accept bitcoin as any legal currency, you couldn't do any monetary transactions, couldn't pay any bills. So the only ways to spend bitcoin is to convert it to fiat, and thus any transactions can be done.
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April 09, 2018, 05:51:48 AM
 #1992

And actually it is much more than just online can consume our COINS, I know in China, shenzhen has the currency machine, as long as you turn the BTC to the machine can get corresponding RMB, I think this is a good equipment, I hope this kind of equipment can promote all over the world.
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April 14, 2018, 02:19:45 PM
 #1993

In our country, bitcoin is usually used for our basic needs. We use this for our food, electric bills, rental payments, education, health and to also satisfy our wants. Bitcoin is very important for us specially for those who are less fortunate to pay for our expenses.

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geegaw
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April 14, 2018, 02:44:04 PM
 #1994

Spending bitcoins is really good if you find the place to spend it, I don't see any place where I can spend it so am just holding or trying to convert to fiat when necessary.
I do not think spending bitcoin is a good thing, we should not impose our thinking that bitcoin is the currency we can spend on life and anywhere accept it, that will cause a regret and loss for us in the future. Bitcoin is a valuable asset and increases over time, similar to real estate, spending too soon will make us miss the opportunity to get more money, hold until a certain time, that would be better, spending bitcoin is never a wise decision in any case, i have seen so many people regretted, i do not hope that you will be the next

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April 15, 2018, 11:40:53 AM
 #1995

It's hard to find activities that accepts Bitcoin like other currencies, I mean physical activities and services. Online this should be already a normal way of payment, but with nearly everyday charges, it can be really a problem with only Bitcoin. We need a regulation about commerial services and to simplify payments

I suspect, there is no need to seek for these activities. The time, when we can easily spend Bitcoins for different things, has not come yet. It is better to trade and to wait.
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April 15, 2018, 11:58:06 AM
 #1996

Bitcoin is still not legal in my country but bitcoin is already known to many people. maybe a few years later bitcoin will be legal in my country. because some neighboring countries have legalized bitcoin.
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April 15, 2018, 04:20:36 PM
 #1997

Spending bitcoins is really good if you find the place to spend it, I don't see any place where I can spend it so am just holding or trying to convert to fiat when necessary.
I do not think spending bitcoin is a good thing, we should not impose our thinking that bitcoin is the currency we can spend on life and anywhere accept it, that will cause a regret and loss for us in the future. Bitcoin is a valuable asset and increases over time, similar to real estate, spending too soon will make us miss the opportunity to get more money, hold until a certain time, that would be better, spending bitcoin is never a wise decision in any case, i have seen so many people regretted, i do not hope that you will be the next
Personally I think there is no concept as "too soon" in cryptocurrency or real estate.
You feel enough, you need to sell, this is your idea, because you do not know exact the future for the value of these assets.
These assets depend on the demand of the market, and when the market become stable, the demand will stable too.
No FOMO, no hype, no high price!


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April 15, 2018, 07:51:00 PM
 #1998

In our country, bitcoin is usually used for our basic needs. We use this for our food, electric bills, rental payments, education, health and to also satisfy our wants. Bitcoin is very important for us specially for those who are less fortunate to pay for our expenses.
Yes there are a lot of things we are doing with bitcoin today; we can see bitcoin is widely used currency now. But I think it is good to save more than we spend for our daily need as you have mentioned, spending bitcoin will make big impact too, as this way bitcoin will be circulate in the market from person to person but the real lover and the people who know that how valuable bitcoin will be they will never spend but they will save it for the long time to get huge profit.



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April 16, 2018, 03:45:33 PM
 #1999

When the time comes that Bitcoin is widely known and accepted. It will bring about transcation thru digital currency in almost every country. Today we are still on its early stages which is good.

That is right. It is still in early stages. I think only 0.1% of the population own bitcoin. The price will be much higher when 1% of people own bitcoin.
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April 17, 2018, 03:18:27 PM
 #2000

Our country do not accept bitcoin as any legal currency, you couldn't do any monetary transactions, couldn't pay any bills. So the only ways to spend bitcoin is to convert it to fiat, and thus any transactions can be done.
Well maybe right now bitcoin is can not still be used as the main currency of this world but i am sure that we can spend our bitcoin in the future if the paper will be dissapear, and right spending bitcoin is not a great idea to do, we should just keep our bitcoin wait until the value will grow.

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