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Question: How often do you use BTC to buy something?
Whenever I can - 165 (28.7%)
Occasionally - 245 (42.6%)
Never, I wait for the price to go up - 165 (28.7%)
Total Voters: 575

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Author Topic: Do you USE your BTC?  (Read 30949 times)
pinoyden
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November 21, 2017, 08:37:17 AM
 #1001

As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.

bitcoin hoarding is not the major problem of bitcoin economy because its just normal for the person to save up and hoard their bitcoins just like money or fiats because they have some future plans with it rather the real problem that were facing now is the transaction fees which is verry high and expensive due to the fact that bitcoins value is also rising. yet im still hoping that devs can fix this issue soon.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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notyours
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November 21, 2017, 10:57:19 AM
 #1002

As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.
mininghubby
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November 21, 2017, 11:01:15 AM
 #1003

As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.
I use bitcoin whenever i can. I just bought some game in steam with bitcoin. 
Btw what you say is true, bitcoin just needs to be accepted globally, i think this is the biggest goal bitcoin must achieve, because of that bitcoin can replace the function of fiat money, and slowly get rid of fiat money. Its should be happen in the future. Money in the future should be not an paper anymore, its digital. I bealive that sooner or later that time will come.
Samsungnumbertwo09
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November 21, 2017, 11:02:54 AM
 #1004

Yes, how could a human wouldn't take a previlage and a good time to use btc, it is very essential and very helpful to an individual if one use bitcoin, there is a big opportunity to in using bitcoin. BTC has a very big amount and very great value because people are using it for business for their wants and needs, because this is a great thing.
Joriecoinbit
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November 21, 2017, 11:29:14 AM
 #1005

Yes i use some of my bitcoins for internet load,we all know that the main requirents to access bitcoin is internet. And some of it i use for my needs and the rest are holding believinf that the value will become more higher.
We’re the same. I always use my bitcoin in terms of internet load, because we don’t have a wifi yet. I always leave 30$ for it. And I know someday i’m gonna have my own internet connection, I do believe in myself.

As for me, I use 40% of my bitcoin. I converted it into fiat and cash it out so I can buy my daily necessities. I also use it for my internet connection. I don't need to convert it into fiat since I can buy internet load in my local wallet using my bitcoin. I use my bitcoin since my salary is not enough for my family's necessities. The remaining 60% of my bitcoin is, I hold it for investment purposes.
Baronggot
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November 21, 2017, 11:33:24 AM
 #1006

I would probably hold my bitcoin especially that its market value is rising. I am not in a hurry, so i am just monitoring the graph and whenever i can smell that it will start to continuously go down, then that' maybe a good indication to sell my bitcoins and wait again if its price go down so i will buy another bitcoins at a lower price and sell it later on a higher price.

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November 21, 2017, 11:41:05 AM
 #1007

i just gamble with it, nothing else
fleda
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November 21, 2017, 11:48:33 AM
 #1008

I would probably hold my bitcoin especially that its market value is rising. I am not in a hurry, so i am just monitoring the graph and whenever i can smell that it will start to continuously go down, then that' maybe a good indication to sell my bitcoins and wait again if its price go down so i will buy another bitcoins at a lower price and sell it later on a higher price.
I also prefer holding bitcoin rather than spending it. I also check the price of bitcoin in the market every once in a while to keep track of the pump and dump. To know when it is a good time to buy or sell bitcoin. But as long as I don't need any cash I don't need to sell any bitcoins.

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DoublerHunter
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November 21, 2017, 02:50:06 PM
 #1009

Yes i use some of my bitcoins for internet load,we all know that the main requirents to access bitcoin is internet. And some of it i use for my needs and the rest are holding believinf that the value will become more higher.
We’re the same. I always use my bitcoin in terms of internet load, because we don’t have a wifi yet. I always leave 30$ for it. And I know someday i’m gonna have my own internet connection, I do believe in myself.

As for me, I use 40% of my bitcoin. I converted it into fiat and cash it out so I can buy my daily necessities. I also use it for my internet connection. I don't need to convert it into fiat since I can buy internet load in my local wallet using my bitcoin. I use my bitcoin since my salary is not enough for my family's necessities. The remaining 60% of my bitcoin is, I hold it for investment purposes.
I suggest to you to learn or study trading so you can have a chance to make your left over bitcoins grow into bigger amount or at least recover your expenses from bitcoin so you will have a good type of portfolio in bitcoin and you will not worry for the money anymore. Always use your bitcoin for necessities and as much as you can, make it grow.
litmus
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November 22, 2017, 06:06:48 AM
 #1010

I've used my BTC solely for Altcoin trading, but this thread has offered some intriguing possibilities for BTC expenditure. Very educational and now spending BTC via an ATM or even at overstock.com is something I look forward very much.
Kahoy01
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November 22, 2017, 06:12:48 AM
 #1011

As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.
We can use bitcoin in many ways. I using my bitcoins to buy load and to pay my electricity bills. I believe that many more people will use bitcoins in many transaction like what am I doing.

Vadimvasily
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November 22, 2017, 06:16:12 AM
 #1012

So far, i have sold around some for fiat cash, using the Bitcoin exchanges. Right now I am without a full-time job and I need fiat really badly. Need to find a new job before my Bitcoin start runs out. Its running out already.
bukikbarisan
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November 22, 2017, 12:19:11 PM
 #1013

until now I have not used BTC to buy an item, but it will not stop me to use it in the future. I use it if I can immediately fill up BTC, For example say I want to buy goods for 2 BTC, I will only buy 2 BTC's before with fiat. There's no way I might use my bitcoin stock because I do not like the price to go up because I just finished it. After normal in the future I will gladly use it any time.
care2yak
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November 23, 2017, 06:28:05 AM
 #1014

I use my btc to buy other crypto assets. Other than that, nothing as there aren't that much items on sale that I'm actually interested in or anything of use to me that will accept btc as payment. I have a shop that accepts bitcoin as payment but thus far, none have used it probably because people in my area are not yet familiar with bitcoin and other alts....
Trixie28
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November 23, 2017, 07:52:02 AM
 #1015

Ocassionally i use my btc for buying important thing or for an emergency fund.I use it for paying bills and for buying load.
chanchenjhun
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November 23, 2017, 08:00:53 AM
 #1016

yes i'll use my btc to my everyday needed for example to my school and family. then if want to buy the thing i want i'll use my btc also.
first to use your btc to become a money is you can transfer oon your coins.ph wallet then if you are done and if your coins.ph wallet is verified.
just click the cash out and your btc comes a perfect money.
ashfer
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November 23, 2017, 08:48:09 AM
 #1017

Yes i do use my btc whenever there is some kind of financial emergency which show up and i try to buy back the sold btc as i know the future of btc is really bright and i keep investing on it so that i can get more benefit.I only use my btc investment if there is some unavoidable expense which come up but i try my level best not to touch my btc as the price will cross 10K very soon and i am waiting for the day btc crossing 10K USD. Cheesy

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November 23, 2017, 08:58:00 AM
 #1018

I used my bitcoin whatever I really need some financial needs. Just in case that I'm out of money in my pocket, I used my bitcoin to convert it to fiat just in case I need to pay some bills like internet, electricity, water and also paying my computer in credit card loan installment. Also to buy foods, clothes, treat my friend in the bar and so on. Bitcoin really helps me a lot to solve my financial needs even if I don't have stable work for now.

Mabhel19
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November 23, 2017, 09:00:35 AM
 #1019

As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.


Actually for now I didn't able to earn bi5coin because it's my first time to work on this. I only heard this bitcoin to my friend which is already earning and having some good income and he able to use it in many way and also it can be use as a support to any problem especially financial problems. So when I earned of course I will definitely use it.
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November 23, 2017, 09:02:31 AM
 #1020

I use Bitcoin to support my family needs in time of emergency situations.
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