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Author Topic: How do you use bitcoin?  (Read 2262 times)
worldofcoins
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February 10, 2021, 07:17:29 AM
 #281

Bitcoin is more than digital currency. There are many ways to spend it. You can take invest and make a high profit, send money to your friends or family, used for good services.
I used it for any purpose. Like buying stuff from online websites, bitcoin isn't acceptable in my country so I usually spend it on any online store that can ship the product to my country.
I do trade and gambling, a little amount of investment give a big profit. I stopped using fiat money and often convert it with bitcoin to buy products and trade
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marilynmanson21
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February 10, 2021, 08:36:42 AM
 #282

At my place, transactions using bitcoin are prohibited, because it will violate the law and can only make transactions using FIAT.
But I personally work and focus on cryptocurrency, and every month I get a bitcoin salary, if I don't buy something online, I usually convert my bitcoins to FIAT and withdraw it to my ATM.
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February 16, 2021, 05:06:28 AM
 #283

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

you can use it a many way here some like,

As a payment system, you want to use it so that you can buy and sell items and submit and receive money.
By purchasing and selling Bitcoin alone, you want to get into the cryptocurrency business and make money.
You're really into it and you want to invest heavily in BTC mining and make a lot of cash from it.
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February 23, 2021, 05:17:26 AM
 #284

I used to hold bitcoin for long haul speculation and sell them when the cost goes up.
Government as of now against it and capturing individuals who are utilizing it, that is the reason I can not spend it somewhere nor I can buy anything from any online store.
I likewise spend it on betting sites to make it twofold and store them in my wallet. I wish the government lift the ban and let their people utilize it online as well.
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February 23, 2021, 05:45:15 AM
 #285

Bitcoin just newly legalized in my country. We found it difficult to know how to buy and sell coins in the country because it was not legalized. Now that the government has legalized BTC  in the country, we buy when the price of bitcoin is low in the market, and hold until the price increase higher before supply to market to achieve something good from your trade. We always focused on BTC information forums where genuine information are coming from to the bitcoin users.

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February 23, 2021, 11:10:09 AM
 #286

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

In my opinion, the best option is to hold them until you decide to sell them for a specific profit.

There are options to trade with them on the stock exchanges no matter what country you live in, but in general this is a risky move and if you are not familiar with trading you risk more.
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February 23, 2021, 01:12:12 PM
 #287

Do not use bitcoin. Well, when the country in which we live forbids one of the things, we must obey it and not use it. Maybe one day these countries will allow their own people to use it and use it.
Otherwise, bitcoin should not be used.
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February 24, 2021, 12:59:19 AM
 #288

I'm using Bitcoin for sports betting and trading. Places where Bitcoin is prohibited sure makes it tough, but doesn't lessen my curiosity to learn and use it.
Many retailers still don't accept Bitcoin, but there are certainly ways to make it work. Volatility is the tricky part of cryptocurrency, because it hinders the possibility of it becoming a legitimate asset/currency without global restrictions.
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February 24, 2021, 02:48:10 AM
 #289

There are many countries where bitcoin is not accepted legally but I trade my bitcoin directly to fiat on P2P exchanges&Bitcoin is different than what you know and use every day.
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February 25, 2021, 06:37:07 PM
 #290

I use to bitcoin in trade than convert in to fiat if I need for money. It helps me so much in my financial condition.  It can be use as payment system now a days. Special;y online shopping,  I use them for investing on other peoject for more profit. And it's so beneficial

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February 25, 2021, 10:24:22 PM
 #291

For the most part People utilize bitcoins for venture purposes i am too . When I will pull back in huge sums, I ordinarily do a hand held bargain. In any case, in the event that I got to cash it out, I point to cash it out on a little scale and not to be caught within the state follow-up. Since right presently it is not one or the other precisely lawful nor unlawful. Since States and banks subject cash inflows and outpourings to hard limits..
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February 26, 2021, 04:40:25 AM
 #292

my near country in india bitcoin is legal.but in my country bitcoin is not allowed .but i trade and with bitcoin since 2017.i use bitcoin from many exchange like bianance,kucoin,coinbase.i am very happy to bitcoin.for bitcoin earn money ..in india  Delhi Yesterday cashaa create a bank i see the bank and people buy and sell bitcoin and cryptocurrency .

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February 26, 2021, 06:12:42 AM
 #293

I use to bitcoin in trade than convert in to fiat if I need for money. It helps me so much in my financial condition.  It can be use as payment system now a days. Special;y online shopping,  I use them for investing on other peoject for more profit. And it's so beneficial
Be happy that you can use bitcoin for each of your transactions because not all countries determine what you get and must first change to fiat when making purchases or other transactions. like in my country that bitcoin is not recognized as a legal means of payment and it is strictly regulated. but to carry out other transactions such as trading and shipping is not prohibited. so if you want to shop you will not be able to use bitcoin because no one provides that facility other than we have to change it to fiat first.

So even though bitcoin is well known, there are still many countries that still prohibit it with different rules and we don't know what is behind the government's decision to make it because they understand better. Be happy for those who have no restrictions at all because it will make every transaction easier.

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February 26, 2021, 06:36:10 AM
 #294

Bitcoin can be divided indefinitely.  You don't have to buy or spend one bitcoin.
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February 26, 2021, 10:51:29 AM
 #295

The only way I gained bitcoin is from this forum and by some trading, those earnings are good for my investment and some of it is used for my daily expenses. I still prefer on investing or hodling the bitcoin for a long term and waiting for the bitcoin to reach $100k before I pull it out, even though my country does not allow bitcoin they still do not consider it as illegal so I can still transfer my money in exchanges to a local wallet.

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February 26, 2021, 03:21:38 PM
 #296

If we are talking about EU now Bitcoin has been banned in the UK, but people find lots of apps to trade, it's not really a big problem. There are crypto services with their own apps... e.x. I know that one of such services is Trastra. It issues Visa card in EU to pay in crypto or convert into euro. You can check here: Baxity,com
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February 26, 2021, 03:33:25 PM
 #297

90% I buy and keep long term.  Life, the economy was volatile, Covid 19, increased unemployment, inflation.  It would be nice to have more money to buy bitcoins as a long term savings.  For bitcoin, using it for payments is a waste.  But it's also an option!
Bitcoin will be $ 100k or $ 500k within the next 5-10 years.  That is my hope to change my life.

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February 26, 2021, 04:44:36 PM
 #298

In my country will use bitcoin like the way we use fiat money to buy anything we want at the moment in the country. If you purchased any goods from the supermarket or restaurants, bitcoin is allow to use as a payment because all marketers accept the payment in their businesse.
Since government legalized bitcoin in the country, it hard for you to see anyone moving with fiat money to the market to purchase products than to move with wallet to anywhere they go, to use bitcoin at anytime they feel like making use of them. 

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February 26, 2021, 04:47:44 PM
 #299

90% I buy and keep long term.  Life, the economy was volatile, Covid 19, increased unemployment, inflation.  It would be nice to have more money to buy bitcoins as a long term savings.  For bitcoin, using it for payments is a waste.  But it's also an option!
Bitcoin will be $ 100k or $ 500k within the next 5-10 years.  That is my hope to change my life.
If you are strong in this, then do it in the long run so that the BTC you hold is as expected.
At times of inflation like this, a lot of savings money rotates for their daily needs because they don't have a job due to the Covid-19 that hit, so I think everyone should be able to accumulate money and what about buying BTC for the long term?
If it's already an option you have to make a determined decision going forward.

Believe me, bitcoin is a more valuable asset in the next 1 decade.

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February 26, 2021, 07:56:37 PM
 #300

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

Given that Bitcoin is completely anonymous, I don't think it's very difficult to use it for different purposes. It may be more difficult to withdraw funds from Bitcoin in some countries and some exchanges, but it is still not possible. But I personally think that the best application of Bitcoin is to keep it as an asset with increasing value.

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