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Author Topic: I stll don't know what to do with my Bitcoins...  (Read 3090 times)
desi92
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October 05, 2017, 09:40:03 AM
 #221

For now you can not do many thing offline with bitcoin. But see next future.
Bitcoin such as kind of investment that we can buy cheap and sell it when the price go up for long term.
If online you can do many thing, such as payment without third party.
inevertell
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October 05, 2017, 09:49:08 AM
 #222

Save it like a money in bank
FrueGreads
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October 05, 2017, 09:49:52 AM
 #223

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 you are not the only one facing this. In fact that's the reality in most countries. Even in Japan, and in some states in the US, where bitcoins already have some support from merchants, it's very hard to use it, at least in a regular way. Mostly because of the high fees and slow transaction speeds. I don't consider this a problem though, at least not at this time. It's still to soon for that, and the best use for bitcoin is to do what you just said. Acquire and hold them, as they raise value. If their use will be just like gold, there is really no problem in it from my point of view, but I still think you will be able to do both things with bitcoin in the future.

If you really want to spend them, try using a crypto debit card. I never used one, but I heard good things about Monaco and TenX, so check them out and see if it suits your needs.

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andthereyou
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October 05, 2017, 09:58:05 AM
 #224

If I were you I will use that bitcoins for trading .Trading is fun(like trading stocks) it will give you something to do with your bitcoins for a while. While your country is not yet accepting bitcoin, you're trading to multiply it then you will have much bitcoins when the time comes you can use it in your country.  Smiley
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October 05, 2017, 10:02:27 AM
 #225

I would use them for trading or in real life investments both are simple ways to earn more money it is like you get money from an investment and you use that to invest again in toher things this way you would still keep making money.
Aikidoka
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October 05, 2017, 10:10:56 AM
 #226

I do understand your situation you are put into. If your country still does not accept bitcoin, then all you have to do is save as much bitcoin as you can. My country does not even know about bitcoin, yet I am using bitcoin as a source of money. You may wonder how I am transforming bitcoin into a real money. Well, it is easy. You just have to transfer bitcoin to Neteller into the currency you want. And then sell the currency to people who want to buy it. For example, I sell EURO to people who are into sports betting. That is what I do if I want to use bitcoin for my benefits.
Akash1243
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October 05, 2017, 10:22:19 AM
 #227

If your country accepts bitcoins then buy things from Bitcoins but if you hold them it would be more profitable as bitcoins prices increases very fast so holding them for long term would be the most logical option as you are not sure what to do with bitcoins.You can also invest in some good and real ICOs they are quite profitable in short run.
Zorbak
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October 05, 2017, 10:24:34 AM
 #228

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?

What?

Just use it online shop or get a dBTC debit card and use them everywhere
HankTheTank
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October 05, 2017, 10:25:41 AM
 #229

If it is illegal to hold your bitcoins convert them illegally to your bank account and say that you have earned it from a friend. Maybe with this you can have more money.

Then you can spend your money, but if you can't do this you can pay in some shops with bitcoin this is where you can spend it most of your time.
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October 05, 2017, 10:36:29 AM
 #230

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?
First of all no I'm not facing any such issues. Secondly, if you really feel like you can't do anything like which you can do with fiat then better convert your bitcoins to fiat and spend as you have been spending till now. If you find it hard or if there are any restrictions imposed by the government of your country and it's not easy for you to convert bitcoins to fiat then you can sell them to some reputed members of this forum for PayPal, perfect money etc. That's the only best option available to you in my opinion.

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October 05, 2017, 10:49:01 AM
 #231

If your country accepts bitcoins then buy things from Bitcoins but if you hold them it would be more profitable as bitcoins prices increases very fast so holding them for long term would be the most logical option as you are not sure what to do with bitcoins.You can also invest in some good and real ICOs they are quite profitable in short run.
Although we believe that bitcoin is a promising investment but I think it's much better not to advise people to invest in bitcoin because bitcoin prices are volatile, in just hours the price has gone down or up. well, this is a problem because not everyone will keep hold of most of them will panic and sell bitcoin at cheap price.

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jennywhzz
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October 05, 2017, 03:07:31 PM
 #232

For now you can not do many thing offline with bitcoin. But see next future.
Bitcoin such as kind of investment that we can buy cheap and sell it when the price go up for long term.
If online you can do many thing, such as payment without third party.

Then just sit back and hold them. Another year from now should have at least another $1000 increase. Of course, this the time of year that the people make weird and hasty choices and the rumors fly and the markets get a little crazy, but you get the idea.

If you are not sure what to do with bitcoins, just do nothing with them and keep them save.  Smiley

Best Dreams
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October 06, 2017, 07:12:27 AM
 #233

If you still don't know what to do with your Bitcoins then just hold them! That's what you should be doing right now as it's still in the store of value stage. Just keep holding and then in 5-10 years you can start spending a little.
I find it as the silliest question to ask what to do with the bitcoins. Bitcoins are really precious assets and as it is all about having money then the need to ask for its usage is meaningless. You can invest theme in the form of some business or keep up with the trading thing so that they might prove helpful instead of keeping them closed in your pockets and wasting the opportunity to become richer with the passage of time.
Just keep it save if you have no idea what to do with bitcoin so saving is the best option because I am sure that you will have a future plan and when you realize that the price is high then sell and can use it for right purpose also little bit you can use it for your daily expanse but no need to waste bitcoin because it have change a life of people already.
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October 06, 2017, 07:14:42 AM
 #234

I keep mine to hold and hope the value keeps rising. I also trade some for other altcoins.
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October 06, 2017, 07:20:40 AM
 #235

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?
my suggestion for the moment you do not spend your bitcoin for the things that you inignkan now, keep your bitcoin for now until there is a certainty of bitcoin legality in your country, that's what I do now

DoublerHunter
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October 06, 2017, 08:15:44 AM
 #236

For now you can not do many thing offline with bitcoin. But see next future.
Bitcoin such as kind of investment that we can buy cheap and sell it when the price go up for long term.
If online you can do many thing, such as payment without third party.

Then just sit back and hold them. Another year from now should have at least another $1000 increase. Of course, this the time of year that the people make weird and hasty choices and the rumors fly and the markets get a little crazy, but you get the idea.

If you are not sure what to do with bitcoins, just do nothing with them and keep them save.  Smiley


I agree with you, that is the best thing to do with bitcoins if you don't have any idea yet to what to do because you can study first and find out more things about bitcoin and also the opportunities that you can do in order to make your bitcoins move like investing in ICO and doing Trading which one of the most common ways of making more bitcoins in terms of fast progress.
calandra78
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October 06, 2017, 08:16:10 AM
 #237

I wonder why you don't just convert your bitcoin into fiat so you can pay your rent and other bills though very few accept bitcoin still it can be use anytime and anywhere besides bitcoin is good as cash you just have to convert them or otherwise hold them as a long term investment surely aftet few more years you will have a good return out of it.
in the presence of your bitcoin can do a variety of things that can be done should you have the cash. bitcoin can be use to pay a few bills every month and you can use also for havin ' fun alone or with your family. bitcoin itself you can use all the time and whenever you need. bitcoin can also make you as savings or long-term investment in order to organize a better life in the future. bitcoin so you can use just about anything.
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October 06, 2017, 08:21:37 AM
 #238

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?
Crypto currency has a improving and evolving market and, you have so many opportunities to explore for, trading, investing in icos, gambling ,so many things are there. Or you can even spend in real life by using a bitcoin debit card, I am not sure on how the technology exactly works, but have heard a great deal about it.

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October 06, 2017, 08:21:47 AM
 #239

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?

Besides holding, you could try to play with it through trading. But don't use any that you can't afford to lose.
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October 07, 2017, 04:10:02 PM
 #240

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.
I think the changing of the bitcoin into fiat will not give you the profit and it will not be the best way to increase your income. The money of the bitcoin is much higher than the other type of the currencies. The income with the bitcoin does not change the other currency so it is the best thing you should do is the investment of your present bitcoin into buying more bitcoin.
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