You selling to buy Xmas gifts or using bitcoins to buy Xmas gifts?

[airdnasxela]

I don't really give gifts that much during holidays. Only to selected people like my parents and siblings. Then the rest I don't give much gifts since I'm still a student and my other relatives don't expect me to have some gifts for them. But when buying gifts for my family, I just sell little bit of my hard earned money, of course it was also for them. Then buy them gifts.

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[dimox]

in my village, no one store use bitcoin payment. in my country, i dont know where is store that provide bitcoin payment. bitcoin is not popular as superstar. so, the best way is cash your bitcoin than buy that stuff use fiat

[imstillthebest]

in my village, no one store use bitcoin payment. in my country, i dont know where is store that provide bitcoin payment. bitcoin is not popular as superstar. so, the best way is cash your bitcoin than buy that stuff use fiat

so my question is how do you exchange you btc to fiat  ? only online and not locally  ?  ( ex. local wallet , exchange ) because if there are local exchangers on your country there is a chance that you can find store that supports btc because btc is legal on your country  .

exchanging btc to fiat is stil the best possible way to shop because you can purchase items easily on any shops   . we can also give our btc directly as a gift as long as the person knows something about it  .

[metenjean]

Although Christmas only came once a year but can make bitcoin down because many people withdraw or sell bitcoin to buy xmas gifts and will make bitcoin become dump, almost every christmas time always bitcoin never back up with higher price, we need wait until one month later to get profit with bitcoin.

[owengtam09]

So, watching the price of Bitcoin going down, made me think of reasons why this might be happening now.    I saw the news of the Chinese

scam and the coins being liquidated, but that sounds like a lame excuse for the price going down. A better reason might be that people are selling

coins or using coins to buy Xmas gifts. Let's be honest, it is that time of the year and people are going on holiday, so they need to dive into their

Bitcoin hoard to pay for that and also some Xmas gifts. 

                                  Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?

I think there are some who use their bitcoin to buy Christmas gifts but of course, it is still better to hold our coins for now because the price is low and it is not advisable to sell but of course people has also some of their prioritize when Christmas Season that is also why bitcoin is dropping slowly because some of us selling their coins to buy what they need to buy this holiday season.

[red4slash]

in my village, no one store use bitcoin payment. in my country, i dont know where is store that provide bitcoin payment. bitcoin is not popular as superstar. so, the best way is cash your bitcoin than buy that stuff use fiat

in some countries it is not possible to use bitcoin as a gift, but if bitcoin is not popular there then the best way is to buy only goods but by exchanging first, the most important is the gifts we give and can make people who get happy

[Lauren Smith]

in my village, no one store use bitcoin payment. in my country, i dont know where is store that provide bitcoin payment. bitcoin is not popular as superstar. so, the best way is cash your bitcoin than buy that stuff use fiat

in some countries it is not possible to use bitcoin as a gift, but if bitcoin is not popular there then the best way is to buy only goods but by exchanging first, the most important is the gifts we give and can make people who get happy

The problem with paying for things with crypto is because of how volatile bitcoin is they people that run the payment processor you use to pay for the gifts with will sell the bitcoin on an exchange that its API is linked to so they remain stable and don't lose or make much different volatility wise since the sell right away. The fact is they sell for fiat. So bitcoin goes down.

[pixie85]

I'm not selling at all. I can by my Christmas gifts with fiat money. Bitcoins are best held in a bear market.

It just looks like a bad idea to sell for 7000 when a month ago Bitcoin was worth 9000 and a month before that close to 10. If it keeps falling I'll never sell. I value more Bitcoin than fiat.

[gentlemand]

Beyond that, I think it's best to not mix crypto and presents, since most people will probably not appreciate what they get.

I learnt that long ago.

At the time they'll be pissed off with you for giving them some string of meaningless nonsense. A few years down the line they'll be pissed off with you because it's worth a whole lot more and they chucked it away or lit the Christmas fire with it.

You can of course back it up in plenty of cases but I wonder how many Casascius coins and commercial paper wallets met their doom because of that.

[Rodeo02]

All i can say is more people choose to buy gifts using  fiat for many reasons. First is you only have limited choices if you will use bitcoin to buy things online/offline. Unlikr fiat that you can buy anything you like, so the best choice is sell your bitcoin and convert to fiat then buy what you want to gift .

[Savemore]

I do not have enough plan to sell my bitcoins just to buy vhristmas gifts. This month is the month of giving so I will give back to the people in my community but I will use fiat currencies and not my bitcoins to buy gifts. Why I will sell my bitcoins when its price is very low but if the price of bitcoin is currently high then I do not mind if I will sell it just to buy gifts and give to other people.

[iamsheikhadil]

I don't think people who actually value crypto will be losing their crypto at such cheap price which is today's price to buy gifts in so large volumes that it will manipulate and influence a decline of price! I'm sure many are actually spending it but not so many. Most people love to use fiat to buy Christmas tree and then we pray to Santa to gift us some crypto

[adaseb]

I don't think this sell-off is due to people selling BTC so they can buy Xmas gifts. Xmas gifts generally are a luxury and if someone doesn't have the money they either don't buy expensive gifts or don't buy gifts at all.

The only time when there might of been a BTC sell-off might of been during the March-April 2018 area because people had tons of capital gains taxes to pay for 2017 they probably had nothing saved up for the tax man so they had to sell to pay their taxes. And this was apparent because shortly after the USA taxes were filed, BTC seems to have corrected even more. However it didn't really last because it failed to make a new ATH. So that would of been an apparent reason for the sell-off prior to April 2018, but not during Christmas 2017.

[DevilSlayer]

I don't think this sell-off is due to people selling BTC so they can buy Xmas gifts. Xmas gifts generally are a luxury and if someone doesn't have the money they either don't buy expensive gifts or don't buy gifts at all.

The only time when there might of been a BTC sell-off might of been during the March-April 2018 area because people had tons of capital gains taxes to pay for 2017 they probably had nothing saved up for the tax man so they had to sell to pay their taxes. And this was apparent because shortly after the USA taxes were filed, BTC seems to have corrected even more. However it didn't really last because it failed to make a new ATH. So that would of been an apparent reason for the sell-off prior to April 2018, but not during Christmas 2017.

Holders will save their bitcoin as much as they can so they will not spend their bitcoins for just christmas gift. The price of bitcoin today is too low and selling it is like letting go your opportunities. I have kids and friends and I will not sell my bitcoin just to buy gifts. It is still better if we will use fiat money to buy things as a gift. Spending is really a bad idea because we are still in downtrend.

[aardvark15]

Why not just give Bitcoin as a Christmas gift?  If you are going to sell it to buy a Christmas gift, then wouldn’t it be easier just to give you friends a real investment buy giving them Bitcoins?

[Bonenx14]

Why not just give Bitcoin as a Christmas gift?  If you are going to sell it to buy a Christmas gift, then wouldn’t it be easier just to give you friends a real investment buy giving them Bitcoins?

if you give in the form of bitcoin then the recipient must automatically understand bitcoin or if he is a new user then you have to learn from him. because if a new user must be really guided so as not to misplace to use the given bitcoin

[Colt81]

So, watching the price of Bitcoin going down, made me think of reasons why this might be happening now.    I saw the news of the Chinese

scam and the coins being liquidated, but that sounds like a lame excuse for the price going down. A better reason might be that people are selling

coins or using coins to buy Xmas gifts. Let's be honest, it is that time of the year and people are going on holiday, so they need to dive into their

Bitcoin hoard to pay for that and also some Xmas gifts.  

                                  Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?

It is really a bad time to used my bitcoins to buy gifts to my family members and friends or pay for our holiday expenses this upcoming christmas because bitcoin's price is really down, that is why it is much better to hold my bitcoins until it's price increase next year of 2020.

[oxgroth]

I just have enough fiat to not to do either of these options

[Inkdatar]

I do not have enough plan to sell my bitcoins just to buy vhristmas gifts. This month is the month of giving so I will give back to the people in my community but I will use fiat currencies and not my bitcoins to buy gifts. Why I will sell my bitcoins when its price is very low but if the price of bitcoin is currently high then I do not mind if I will sell it just to buy gifts and give to other people.

This is the point why mostly use fiat to buy gifts instead of bitcoin because of the price these days is too low. Better we just keep our bitcoin and sell to earn when prices increase. I am not selling my btc rather I also use fiat to buy gifts since it is easy to use and accept anywhere.

[Kambal2000]

I do not have enough plan to sell my bitcoins just to buy vhristmas gifts. This month is the month of giving so I will give back to the people in my community but I will use fiat currencies and not my bitcoins to buy gifts. Why I will sell my bitcoins when its price is very low but if the price of bitcoin is currently high then I do not mind if I will sell it just to buy gifts and give to other people.

This is the point why mostly use fiat to buy gifts instead of bitcoin because of the price these days is too low. Better we just keep our bitcoin and sell to earn when prices increase. I am not selling my btc rather I also use fiat to buy gifts since it is easy to use and accept anywhere.

For me, if I received a fiat gift from my family, I would rather but myself a Bitcoin than buying new phone, as I don't need it much now as of the moment, so I wouldn't waste my time anymore in having Bitcoin as much as I could, I don't want to see myself just watching the price of Bitcoin, I want to make profit and take advantage on it too.