Bitcoin Forum
October 23, 2026, 11:45:54 PM *
News: Latest Bitcoin Core release: 31.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Spend your bitcoins, and you still get paid in Bitcoin  (Read 719 times)
Byebyebtc
Sr. Member
****
Offline

Activity: 504
Merit: 250


Free the kidnapped children in Nigeria


View Profile
Today at 05:55:36 PM
 #81

To encourage spending, we need to introduce more ways to earn and also inform already earners to spend part of what they earn. They should have no problem spending bitcoins since they will be earning more. And if spenders are prudent or smart enough, they would be spending their bitcoins on things they can sell for more bitcoins, or things that help them produce more things they can sell for bitcoins.
Individuals have different reasons why they buy Bitcoin, and we can't just make them spend their coins, some of them have goals to hold for long term, as a matter of fact they will even buy more and try not to spend any, meanwhile there are some that are willing to spend theirs, it's a good thing we have those sets of individuals, and you can be one of them you don't have to wait for others to buy with Bitcoin from you first before you you will be willing to spend yours, as long as your willing to do business with Bitcoin, you will eventually see those who are willing to sell to you naturally.

hmbdofficial
Full Member
***
Offline

Activity: 350
Merit: 136



View Profile
Today at 07:32:14 PM
 #82

Whether you want to spend it or want to make it a long-term investment is a personal right,
this is like having your own bank that you can manage as you want without third party intervention on the condition of using a non-custodial/self-custody wallet.
I really like this part quoted boldly. That is exactly what I want people to know about bitcoin. But the way investors are going about this holding bitcoin is becoming like it’s even a crime when someone spends part of his bitcoin, and I really do not like that. I mean it’s even decentralised such that you have no business with anyone or any authorities. so everyone should do what they like with their bitcoin. As long as you’re using bitcoin, you have just done a great service for yourself by having and alternative payment and transaction methods.

Freeveto
Full Member
***
Offline

Activity: 546
Merit: 138



View Profile
Today at 08:05:50 PM
 #83

To encourage spending, we need to introduce more ways to earn and also inform already earners to spend part of what they earn. They should have no problem spending bitcoins since they will be earning more. And if spenders are prudent or smart enough, they would be spending their bitcoins on things they can sell for more bitcoins, or things that help them produce more things they can sell for bitcoins.

And ofcourse, we know there are people who really want to spend their bitcoins but no reliable marketplace and fast payment system exist that they can do so easily  This is what we should be seriously working on otherwise we shouldn't blame them too much for not soending
If Bitcoin is what you get paid at your work, or maybe you work to get paid in Bitcoin, there is no need to always swap back to fiat before purchasing some goods if they accept Bitcoin as payment. You will just send Bitcoin and get your goods; that will encourage others to use Bitcoin as well.
But if you have another source of income other than Bitcoin, you can decide to keep your Bitcoin to store its value for the future instead of just spending since you have fiat to spend on your basic needs; no need to use the Bitcoin. The consistent saving will be in the form of DCA to accumulate your Bitcoin.

Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!