Do you USE your BTC?

[bitfornewbs]

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.

For me, I use bitcoin whenever I really have to. I use them in time I really need to spend them for something in my personal life. But as much as I can, I want to hold them until their value goes higher. Most of my bitcoin comes from ICOs in the past and only few are from my own investment. I think its really a good thing to use your own money as you work hard for it but it is also better to hold them as you get more and more profit. Bitcoin payment is not really a problem because more and more establishments and companies are starting to adopt them.

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[batang_bitcoin]

I'm confident with using my bitcoin savings than my fiat savings. I want to see both of them growing but I have no choice when there's a need of money, bank is too far from my place so I've got no choice but to transfer my bitcoin into a local ATM by selling / converting it.

so far i'm still trying to collect btc as much as possible, so there's no exchange that i do through my btc

Doing this thing also but I can't avoid those scenarios that I have to sell and use it.

[Reid]

Most of my bitcoins are used for long term keeping.
But the micro payments I get for small trades or signature campaigns sometimes go to groceries at my local supermarket that accepts Bitcoin.
I don't feel like spending it, because tomorrow it could be worth a lot more.

Correct. I do believe that will happen so we need to atleast keep something while the other profits that we are earning could be used for daily necessities. There is no need to withdraw all since the bitcoin price keeps on getting high. Just a little bit to withdraw then adding more until you get the amount that you are comfortable with. I do use it also but I need to change it to fiat first.

[TheCoinFinder]

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 devide my bitcoins in two different internments and the one that i fill with 70% of bitcoins is a secret store for my assets.
This percentage of funds i store secretly, also works as an investment purpose.
The remaining 30% goes for my occassional use like shopping, exchanging to fiat etc.

[iloveass2]

i'm still hoarding my bitcoin though. Because right now i don't really need anything so i don't want to exchange it into fiat money. Will use it in a wise way in the future.

[Easteregg69]

I have just spend some of mine on laser.online. Just ? I'm compounding it.

Take my nick from here if you wan't to credit me on the laser. My credit score is still clean because of my deposits.

Admin. Pick a free flower if you have a problem.

PS: I have this theory that btc is nothing if its not circulating.

[kriticko29]

Since bitcoin isn't accepted on buying online stuffs. Most people wait for the price to went up before withdrawing the amount they need to buy stuffs. I can wait til the day that bitcoin can be use to buy things and other services.

[Christian_14]

No i havent used it and i dont have any intensions to use it, because im waiting till its price rises up so
i can convert to cash and spend it on what ever i like. And another reason why im just keeping it is because
for emergency purposes. So whenever i have a problem financially i have my bitcoins in my wallet to pay
anything that i need to pay in purpose. Also another reason why im just keeping it  is because i want to save money
for my future so whenever im in debt or something i got my bitcoins to pay it

[Ayiranorea]

I keep hold of the bitcoin considering it an valuable asset that can make me rich or grow financially in the future. I don't spend much on shopping needs because what we spend today on a particular product varies tomorrow. This makes the spending unworthy. At times used to spend on gambling.

[Lukas Tarantas]

I'm just accumulating bitcoins for now. I do noфt plan to pay for their purchases in the near future.

[childish]

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 think people use bitcoin for investement and use as livelihood especially to me. i use bitcoin as livelihood, i convert bitcoin to buy something like daily needs

[nahtnam]

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 think people use bitcoin for investement and use as livelihood especially to me. i use bitcoin as livelihood, i convert bitcoin to buy something like daily needs

I would say that in that case youre not using it as livelihood. You are just selling your assets and using fiat for your daily needs, unless everyone you buy from accepts bitcoin.

[Frank0209]

Of course ) I'm using my Bitcoin everyday to buy online games on steam or anything I need in my life and it's my main income for now. But there are only few places that accept Bitcoin for payment in my country so I often have to exchange my Bitcoin into fiat if I want to buy or purchase almost thing I need and pay for bill. For now I'm saving my Bitcoin to realize my dream, have a Kawasaki zx10r )

[nz_sana]

I will definitely use bitcoin and keep it for the next generation and save it.

In my opinion, it is a good time to always save the bits without using it. At the time of our religious rituals, we have to purchase a lot of things for the family. If we buy this from Amazon by bitcoin then we can get bigger discount for getting the discount.

[DewiKirana]

Of course I use bitcoin, but sometimes. I do not always use bitcoin, I use it only in the absence of money at all, the rest I keep bitcoin like others do.

[Rakabel619]

Hello. I buy and sell bitcoin for profit. to buy, only occasionally from sites that accept bitcoin as payment, generally eletronics or home appliances

[Bittoshi]

I try to buy when prices are low and hodl long term. I hope that prices will be much higher in future but I know that it is risky and there is no guarantee.

[Micerker J. Meyer]

I stored some bitcoin and use some bitcoin to invest some projects.

[darefreads]

Since I started using bitcoin I never use it even see more staff to buy and pay. but maybe this December I totally fine to use it to buy some gifts for my dear daughter in law and I can get the same gift what my aunt give to me before. So I can use it for more valuable things and gifts for this coming Christmas.

[Xember]

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.

People hoard bitcoin because they want to take advantage of bitcoin price hike. For me, bitcoin is a good long-term investment a lot of people were able to gain a lot of income because of holding bitcoin. I actually use my bitcoin whenever I ran out of money, but I'm holding all the bitcoin I can for future use. The reason why bitcoin price is still increasing because a lot of people are investing and holding bitcoin.