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Author Topic: What do you actually spend your cryptocurrency on?  (Read 722 times)
Fredomago
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October 12, 2019, 08:29:59 AM
 #81

Honestly I have not use crypto to make purchase in any online crypto accepted store yet even though there are quite a good number of them around, I don't know,  am just keeping my btc and alts to sell at higher price for now, I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.
Majorities still using this industry as store assets and not for the sake of the intended purposes. If most people will begin to realize that this chain is also
good for payment transactions and be used to help quickining up deals between borders, It will make them realized that the system are capable to help.
Everything needs to start from people who are inside this industry, if implementations of transacting will be embarace and adopt it will be a success to what exactly the desire of Satoshi.

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October 13, 2019, 05:23:13 PM
 #82

I barely have enough btc on my wallet than to spend on something, I save and hodl all I have in crypto for a possible high price in future, for me, spending crypto to buy anything is still out of the question, maybe on a later time who knows, but for now it's all about making profit.
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October 13, 2019, 07:51:45 PM
 #83

I rarely spend my cryptocurrencies on something but there are moments when I need extra cash for house things and I go on our big shop called emag and I buy with bitcoin a voucher so I could spend them without having to convert them into fiat. Recently I bought a drill toolbox as I had to make some modifications in the living room to hang out some new pictures and last month I bought a glue gun to make sure all my toolbox have anything I need in the future ...just in case.

I love to redecorate my house from time to time and now I'm waiting for black Friday to buy myself a new hob for the kitchen as my girl "yells" at me since spring to get a new one and this could be the perfect time to take it. So yea ...I'm not the guy who spends Bitcoin on fancy things...I usually like to keep them at safe place.

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October 14, 2019, 03:47:50 PM
 #84

Believe it or not I spend it on food. My daily essentials. Right now I invest around $500 a month into cryptos. Sort of like a monthly systematic investment plan. This helped as I was able to ride the BTC wave early on. But I lost heavily on altcoin markets. But I am still hopeful for some altcoins.

Regardless, it is now quite easy to cash in and out of cryptocurrencies, so they are becoming basically the equivalent of cash these days. Most of us are using cryptocurrency practically anywhere now thanks to crypto to cash debit cards.
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October 14, 2019, 11:01:51 PM
 #85

Believe it or not I spend it on food. My daily essentials. Right now I invest around $500 a month into cryptos. Sort of like a monthly systematic investment plan. This helped as I was able to ride the BTC wave early on. But I lost heavily on altcoin markets. But I am still hopeful for some altcoins.

Regardless, it is now quite easy to cash in and out of cryptocurrencies, so they are becoming basically the equivalent of cash these days. Most of us are using cryptocurrency practically anywhere now thanks to crypto to cash debit cards.
Same here, Using my bitcoin that is converted into fiat on my daily necessities, half of my profit from trades is used on my necessities and the other half is for reinvesting or reused for trading.

I'm playing a daily trade on the altcoin market, some altcoin now is experiencing downtrend and it is the reason I'm avoiding to make a long trade on altcoins.
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October 15, 2019, 12:41:56 PM
 #86

I'm playing a daily trade on the altcoin market, some altcoin now is experiencing downtrend and it is the reason I'm avoiding to make a long trade on altcoins.
Did you get a profit when you trade in downtrend situation? I can't believe it since it may have a little chance to gain money when the price is decreasing. I'm not daily trader, and this is the reason why I can't decided to be a daily trader because the difficulity thing when I must take a decision to buy and sell when the situation comes.

OP, when you use cryptocurrency then I think you don't need to thinking what should be do with your cryptocurrency. You are free to use it for, when you choose as payment system then you have to know the regulation from your country. When you will use it as trading or investing just do it with one note you have to know the strategy first.
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October 17, 2019, 10:09:54 PM
 #87

I spend crypto on everything excluding bills, food, going out. Luxury items and nice things you want I buy with crypto. Stuff like pc hardware, video game consoles, TV's, bed cover, coffee mugs and more.
Certain essential items you can buy with bitcoin it just depends on the market at the time. One day it will be great if we can pay bills with crypto. Even my family said they will start using crypto and not fiat.
My family are not the biggest supporters of fiat, because of the banks and fees and things like this.

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October 19, 2019, 09:13:11 AM
 #88

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

On my part, I have bought 5 domains for my friends and 3 for myself on Namecheap and that's on the digital part and on the physical part, I have bought groceries after I converted my Cryp[tocurrency to fiat, so I can buy online and offline and people should do this and not just hodl their coin, because in the first place it was created to be this way.
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October 21, 2019, 12:39:50 PM
 #89

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

We can buy a domain or subscribe to a web hosting there are a lot of sites that accepts coisn to buy a domain, and there are marketplace that accepts Cryptocurrency and we have to patronize that to show supports, I myself bought a domain last year and create a blog, people who are into Cryptocurrency must not only invest and HODL but they must support merchants that accepts Cryptocurrency, this is what these Cryptocurrency are intended to be use.
If we all want to move forward invest and buy something using Cryptocurrency.

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