How to Spend Bitcoin?

[BitcoinYu]

Hi Y’all,

I don't know how about you guys but I'm really bored being quarantined in my flat. So I did the “Best” thing possible. I started to shop online. I had some bitcoins left so I decided to spend them as well.

And it turned out that was an adventure in itself. 

So I compiled my favorite options of spending bitcoins in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-spend-bitcoin/

I’d like to turn this post the best one on the topic, so I’d appreciate some
recommendations as to what other spending methods I should add.

Thanks and see you around after this quarantine ends!

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[Naida_BR]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

[Kong Hey Pakboy]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

We have our own our rights and responsibilities on where will we use and spend our bitcoins. But you are right that spending your bitcoins for online shopping is not worthy because it is a huge loss for you if you don't take the opportunity of maintaining your long term investment. But if you are in need of money you could sell your bitcoins to provide all of your necessities and pay your bills.

[bakasabo]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

What you are saying totally doesn't match what Bitcoin was created for. It is a digital currency, "invented" to make decentralized transactions, with just small transactions fee. Just one strange thing - if it is decentralized or anonymous, how warranty will work if you do online shopping?

But what you are saying is that Bitcoin is an instrument to get income. It is not a security paper, it was not created for holding.

Imagine if Bitcoin is a car. You advice to go walking instead of driving and hold your car in a garage, because one day its value will be greater.

[slackovic]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

What you are saying totally doesn't match what Bitcoin was created for. It is a digital currency, "invented" to make decentralized transactions, with just small transactions fee. Just one strange thing - if it is decentralized or anonymous, how warranty will work if you do online shopping?

But what you are saying is that Bitcoin is an instrument to get income. It is not a security paper, it was not created for holding.

Imagine if Bitcoin is a car. You advice to go walking instead of driving and hold your car in a garage, because one day its value will be greater.

But the problem is that Bitcoin (in it's current state of development) isn't good enough to be used as a digital currency. It's fees can get too expensive to be used for microtransactions. I know that Satoshi intended Bitcoin to be a "peer-to-peer cash" but it needs improvement in order to become that.

And one more thing... You can't compare Bitcoin with a car because cars lose value over time and Bitcoin's value goes up and down over time.

[Vannie12]

As an advise, its better to hold your bitcoins than spending it at the time, because we know that in the future bitcoin will worth a fortune.
But if it is for your necessities and needs during the quarantine period, I think it is an acceptable reason to spend them. Just spend them wisely.

[minairia3]

Nice options for spending bitcoin OP, you forgot to list on ythe article used bitcoin for lending and trading the common used to spend it.

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

That is an idea of an investor. Yes you are right but Satoshi's wanted the adoption of bitcoin that can be used for somethint OP has stated. Yeah bitcoin has a good value, but knowing it can be spend through shopping is one way to put adoption in place. You have a very close minded to such possibility. Since bitcoin is decentralized, feel free to hold your coins but dont expect other not to used it on something very interesting like these choices.

[mk4]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

Let's just say some of us just want to increase the global usage of bitcoin as a peer-to-peer payment currency. Imagine if every single one of us is just holding bitcoin without spending it from time to time. Pretty much expect every single online store/service to stop accepting bitcoin payments. What happens to adoption then?

[DoubleEdgeEX]

HODL is the name of the game at the moment. You can spend it for random crap, but BTC is for the long rund and not for the quick buck .

[Reid]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

We have our own our rights and responsibilities on where will we use and spend our bitcoins. But you are right that spending your bitcoins for online shopping is not worthy because it is a huge loss for you if you don't take the opportunity of maintaining your long term investment. But if you are in need of money you could sell your bitcoins to provide all of your necessities and pay your bills.

C'mon you guys.
Bitcoin is made that way.
Let it be. It should not be kept and be rotten on a wallet.
Spending is a good thing as long as you are happy with it.

As of the OP's recommendation thank you.
As of the opinion of where to spend it shopping, I don't really know coz I haven't done it yet.
But I do gamble it. If you prefer that kind of hobby, just to avoid boredom.

[passwordnow]

The article is informative for a newbie and just keep making informative articles like this. I'll spend bitcoin if I have to but likewise, I'm with those people who were saying that it's better to hold it for the moment. There is one thing that made me interested in how to spend my bitcoin and that's the gold part. I still don't have gold and that makes me want to diversify including into that asset. The details are unclear how to purchase one, I can think of having gold and the digital gold and that looks a win-win for me.

[Lucius]

HODL is the name of the game at the moment. You can spend it for random crap, but BTC is for the long rund and not for the quick buck .

What about people who are holding for 5+ years? If someone is invest in BTC at time when it was worth only a few dollars or a few hundred dollars should he/she still just hold and wait for $1 million per BTC? Money exists to be spent, of course in a smart way (not on gambling and investing in ponzy/MLM schemes), and since there is a thousands of places where it is possible to pay with BTC at the moment why not use that option as well.

Of course there are those who are not in the crypto world because they want to use BTC as a currency, and also those who think that the fee of $1 is too much for a BTC transaction. Fortunately for them there are many alternatives that are cheap and do not require almost any technical knowledge.

[freedomgo]

We need people like you who really think of spending because when people are willing to spend, that will create an adoption.
If you ask me, I think you should spend bitcoin like what you like to do, though not much you can buy online with bitcoin, but you can enjoy online especially if you love gambling, my recommendation is spend it in gambling and have fun.

[Yaunfitda]

HODL is the name of the game at the moment. You can spend it for random crap, but BTC is for the long rund and not for the quick buck .

Could be, but there are bitcoin enthusiast who want to test it's use case as a mode of payment. So you can't blame them for using their precious bitcoin. Here are some good companies retailers accepting BTC as payment.

https://www.buybitcoinworldwide.com/who-accepts-bitcoin/

Endless debate as to whether we should spend our bitcoin. Really up to the individuals preference and I'm sure that those who are using it should not regret their decision.

[FlightyPouch]

We can't really spend bitcoin here in our country that easy since there are a lot of people that still don't know what it is. If we really wanted to use it though, we can buy some shoppee or lazada points out of a local exchange using that bitcoin. It might not be the same as you people using bitcoin directly but, well, I am also using it.

[Russlenat]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

Why not? as an investor, we can also spend, we can do both actually, so it's not wasting your bitcoin because as an investor, you'll ensure that you will not touch your investment until a certain time will arrive or it will hit your target.

If you have fiat now and you like to shop online using bitcoin, then you covert it, that's what people do, if they spend bitcoin it doesn't mean they don't value it now and its future.

[Reatim]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

Remember mate that Bitcoin is a currency so there is no wrong spending this Online,and have you read the  thread about the account you
 Bought pizza for thousand Bitcoin?

Here better check this for you to find out whats the important of Bitcoin being spent than Hoarding.

https://bitcointalk.org/index.php?topic=5250313.0

and here another one who's being inspired by that Pizza buying

https://bitcointalk.org/index.php?topic=5250072.0

Hope thats enough for you to understand why OP uses his bitcoin to shop Online.

[tomahawk9]

In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping.

HODL is the name of the game at the moment. You can spend it for random crap, but BTC is for the long rund and not for the quick buck .

Sadly, this is the mindset of the majority of bitcoiners right now, they see BTC only as an invesment rather than an electronic currency (Satoshi must be fuming right now). Adoption will never occur until ppl get rid of this mindset, and let's be honest, it'll never go away so, you know where i'm going with this...

In case you are interested, you can check it out here:paybis.com/blog/how-to-spend-bitcoin/

Added to my ignore list for blatant advertising shilling.

[yazher]

Last night my friend was having a problem purchasing some in-game promo in Dota 2 because there's a lot of people looking where to buy that in-game features in the stores. causing them to sold-out in every store they can find in our town. Thankfully we have the final option. where we will use BTC to purchase it by using our local BTC wallet and we managed to buy that Item with BTC I have. I'm so happy that I'm able to help my friend because it was already late last night he was knocking at our door to ask some help about it and finally earlier we have bought the Battle Pass in Dota 2. That's how I spent my BTC earlier and it was a great spending moment I will never forget about this purchased I made.

[joniboini]

We can't really spend bitcoin here in our country that easy since there are a lot of people that still don't know what it is. If we really wanted to use it though, we can buy some shoppee or lazada points out of a local exchange using that bitcoin. It might not be the same as you people using bitcoin directly but, well, I am also using it.

Never knew that was possible. Might be worth to try next time I want to use those e-commerce apps.

I personally spend bitcoin regularly for my cloud and some gaming stuff. I can use fiat too but the fees difference are really high. It also helps if my CC or debit card was not accepted by the merchants, so I can still use their services.

Endless debate as to whether we should spend our bitcoin. Really up to the individuals preference and I'm sure that those who are using it should not regret their decision.

A currency will die if it was not used for its purposes. As mentioned above, if no one use bitcoin, merchants won't care about accepting them. Adoption will stagnate or even worse, slowly die.