PacePay
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October 02, 2017, 11:19:27 PM |
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convert you bitcoin to cash when needed simple But if he do not need then he do not have to convert them to cash because the price of bitcoin is now going to gamble increase with time and it is expected by many expert that the price of Bitcoin will increase to 10000 dollars in the next two months so if he will have them then he will double his money.
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DoublerHunter
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October 03, 2017, 12:51:44 AM |
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convert you bitcoin to cash when needed simple But if he do not need then he do not have to convert them to cash because the price of bitcoin is now going to gamble increase with time and it is expected by many expert that the price of Bitcoin will increase to 10000 dollars in the next two months so if he will have them then he will double his money. The price increase is not a gamble because gambling is different from investing because gambling is only a clueless game where you will not find out if you will be winning or not. The price of bitcoin is keep on rising despite of the dumps in the past days and it is really a good idea to just hold bitcoin rather than converting it into cash.
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loopes
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October 03, 2017, 12:59:22 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
i am facing that problem in my country as well. but what's the problem if we exchange our bitcoin to fiat then use bitcoin to pay or buy something directly. actually in my opinion due to still unavailability of facilities to use bitcoin directly so why not to exchange it first. basically our money from bitcoin. i assume it is the same as i use bitcoin to do buy or pay directly in physical stores, restaurants so on
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jamids
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October 03, 2017, 01:07:13 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
Since I am earning bitcoin, I use it to pay my rent by converting it to fiat first since our landlord does not accept bitcoin and don't even know about it yet. Given the opportunity to not spend it, I would consider it purely as a digital asset and make it as a long term investment because I believe that it would have much more value in the future. If you don't know what to with your coins, you can try trading to increase the amount you have or you just hold it and wait for it to increase in value in the future.
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lionheart78
Legendary
Offline
Activity: 2982
Merit: 1153
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October 03, 2017, 01:13:14 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
Nope we all are facing that issue but i do not mind. For me bitcoin is a long term investment and/or a great store of value if you wanted to keep your money for a long time. I believe time will come that Bitcoin will be use to buy goods in our local store. We just need to have patience and wait for that thing to happen. Meanwhile, we can increase our stash while waiting by participating in Bitcoin trading and other ICO projects out there.
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Heyyyrenz
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October 03, 2017, 02:05:30 AM |
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We have different struggles in our country about the bitcoin. Your case is similar to me many people here in our country know what bitcoin is and it's value also many people are using bitcoin as their part time job as well as full time job, but many of the store here in our country doesn't accept bitcoin and doesn't know what bitcoin is the problem is that many people are still lack of knowledge.
But the difference is, in our country there's a wallet app that gives a service where in you can covert the bitcoin you have to your local currency so whenever i received my payment or profit there's two option it's either save it or withdraw it to my local currency.
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TanyaDegurechaff
Full Member
Offline
Activity: 182
Merit: 100
They say a thin line separates genius and madness.
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October 03, 2017, 02:09:49 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
well it depends on the country which you are from. I'm here in the Philippines and you cannot spend your btc easily that is why I first covert it to cash via coins.ph which converts btc into local currency of Philippine peso which I have many options to withdraw. So I recommend that you search first for a company that can convert btc into local currency so you can spend it on anything you like.
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"Miracles are illusions caused by insufficient observation and understanding. They're just... glorious misunderstandings."
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DewiKirana
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October 03, 2017, 02:26:19 AM |
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You can use Bitcoin as an investment in ICO, of course it has a high risk. So first learn the ICO investment that you will follow. If ICO investment is successful then the profit is quite large.
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wolfracer
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October 03, 2017, 03:26:04 AM |
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Is it seriously? just change it for local currency or one that if they accept for any transaction you want to make and keep the rest growing its value there, is it so difficult for you? Another thing that could make is a donation to me of your BTC since It doesn't affect me see increase my investment...
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dificanovi
Full Member
Offline
Activity: 840
Merit: 105
Buzz App - Spin wheel, farm rewards
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October 03, 2017, 09:49:13 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
if in the country you have not received bitcoin as a legitimate payment tool then you better melt your bitcoin to the currency in your country. in my country also have not received bitcoin as a valid payment tool, but I always thaw my bitcoin into money so I can use it.
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KingdomHearts
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October 03, 2017, 11:48:32 AM |
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Well, i consider bitcoin as a long term invest which can give you a lot of money in the future. It's true that there's only few shops are accepting bitcoin because it's volatile. Shops are hesitant to accept it coz the price is up and down. But it is what it is. There's nothing much we can do about that. But you can still convert bitcoin into cash. So you can buy things that bitcoin can't. So it's not an issue to me since i can convert bitcoin into an immediate cash. But it'll be better if you keep your bitcoins for your future.
Yes, it's been given preference as an long term investment by large number of people who are into bitcoin. At the beginning level people doesn't know what to do with bitcoin. Once after exploring more, people will learn more about the the usage of bitcoin on different needs. When you find yourself blank of what to do further, it's good to just keep it safer. There are well known stores who are accepting bitcoin like Amazon by the help of bitcoin you can buy from them buy sitting at home, using bitcoin on right place can give you benefits and keeping bitcoin is known as the best thing because it let you to secure profit whenever you want, and it will grow you revenue up to 100 person if you deal with it calmly.
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Valzzz005
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October 03, 2017, 11:53:40 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
No there are stores that are accepting bitcoins as a payment but there are only a few of them. But you can always exchange your bitcoins into a real money, into a fiat. Here in our country, we have a bank who highly accept bitcoins in exchange to a real money. And so I can buy thing that I wanted using bitcoins but if you see it, technically I converted it first into a real money before I can buy real things. But it is still came from bitcoins so I can say that bitcoins have a lot of benefits to me.
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DAVETUN
Full Member
Offline
Activity: 728
Merit: 101
Bitcoin is the currency of this age
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October 03, 2017, 12:02:24 PM |
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Soon Bitcoin will flood online store and offline stores, if you dont have Bitcoin in few years to come you will be limited in your transaction,the cryptocurrency world is just creeping into the global sector with time you will be able to use it as fiat
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MostHigh
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October 03, 2017, 12:52:18 PM |
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It might surprise you to know it is good you dont know what to do with your btc. i will entreat you to just forget about the amount you are having and just keep the password safe. In a few years you will thank me because it is will be probable triple the amount you are keeping now. Pls dont forget your password all any account name you are holding because it is your gateway to riches i can guarantee you that for sure.
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doomloop
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October 03, 2017, 05:07:03 PM |
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Right now the situation is true but eventually the scenario will happen. Bitcoin and other cryptocurrencies are the best generation currencies which will be used literally as Fiat.
You can be right but it is not applicable in all the situations. It is very important to hold your bitcoin for the long time because it will give you more profit then spending your bitcoin in the wrong and the untruth and the less profit of the site. It is very important o have the bitcoin and the other important thing is the patience so hold your bitcoin and wait for the long time to get the profit.
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krisnt80
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October 03, 2017, 06:53:45 PM |
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You are already doing a good step that is hold your bitcoins, and use as store of value, i do understand you since you cant use them directly to go shop, but you need to choose to hold or to spend, because you cant regret later about your decision. Im able to spend bitcoins at some places, but as i do know the potencial of the coin i do avoid a lot to use my bitcoins, if you wanna to risk you can try trading and then exchange some of your profit into cash and spend those money.
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cryptomato
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October 03, 2017, 06:55:49 PM |
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there are important parameters to decide what you can do about them. how many of them do you have, how badly you may need cash at the moment etc. best is to hold it as it has a big potential to grow.
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Lanatsa
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October 03, 2017, 06:58:19 PM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
You are not alone for sure since there are lots of bitcoin users who cant even use their bitcoin on traditional living knowing that adoption isnt yet to scattered all over the globe but well we should not lose hope on keeping those bitcoin because price would go up and more valuable as the time goes by which its a win situation for us and the same time there would really be a time on where you can start out on using it just like fiat currencies.
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mozillaspez
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October 04, 2017, 12:31:50 PM |
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What country are you in? Here we can pay almost anything using our bitcoins including power and hydro bills, order food, buy e-credits—the list goes on and on. If you want to put that bitcoin to use, you can try on getting a debit card and load it with your bitcoins and I'm pretty sure you'll be able to enjoy shopping with it. Also, you can just keep it for the next few months and see if you gain any profit off of it.
There are actually two ways. One is, changing bitcoin into fiat money and spending it on the daily expenditures. Second is that keeping the bitcoin as an investment and earning the profit after sometime when its price rises. It can be used anytime whenever you need.
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Restmand
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October 04, 2017, 12:37:09 PM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
in my country, i don't know if there some company or store accepting bitcoin so when i need to buy things and i don't have budget, i used my bitcoin to give my needs. i'll exchange it into my money country then if i exchange it, i used my needed things. but if i were you, i just hold/keep my bitcoin until i have 1 bitcoin or more and if the time comes, i believe that my timing is good that the value of bitcoin is expensive then i exchange it then i'll build a small business from my bitcoin.
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