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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)
leimzdyh
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November 08, 2017, 11:24:06 AM
 #641

As of now i havent use mine... still on the process of learning how to convert it in peso...

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mx667
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November 08, 2017, 11:43:57 AM
 #642

Actually everytime I earn or have bitcoins, when I have the time, I convert it to our country's currency so I can use them to shop or buy here. Maybe today there are only few shops or companies that accept bitcoin as payment, but I believe as more people are engaged in using bitcoins, more companies will be accepting bitcoins in the near future.
No i've only convert it into my country currency, everytime when i earned from my job here. If i used it, i'll will use it through investing because i know if i deposit my bitcoin in investment, i could be gain profit to it.

I do not use Bitcoin. I just use Bitcoin for investment only. That means, I just collect Bitcoin by working or buying Bitcoin then I keep it in my online wallet.

Why did I do that? Because I come from a simple family and spelled out not a rich kid .. so I can not just use Bitcoin just for the transaction and not take advantage of the price. The Bitcoin price is always up, so if I keep it in a few years, then I'm selling .. surely I'll get a lot of profit. Hopefully I can collect Bitcoin as much as possible and I can make my family prosperous and happy.
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November 08, 2017, 11:46:16 AM
 #643

In my country, if i use Bitcoin to buy anything as normal transaction, 100% i will be locked in jail. Cause my country already prohibited every transaction in daily, like buying foods or supplies . Bitcoin only can be sell or buy, it's illegal if you use it as the currency.
Hope soon your country realize the importance of bitcoin, because the sooner is the better, the people are favoring bitcoin then whats the problem with the government, why they blame bitcoin for the mentality of criminals and why don't get the point that it will help in raising the economy and reducing unemployment to some extent, people will be benefited and raise their living standard
sorrowfulnightcries
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November 08, 2017, 11:47:32 AM
 #644

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 tried using it ones after I converted some of my cash to btc just to test if it was real and I find it amazing and fast, I used it to buy computer apparels and it actually worked.

cammie16
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November 08, 2017, 11:47:52 AM
 #645

I use my btc whenever I need to buy altcoins but now Im holding all my btc. I will not spend it until the hard fork is over. And Im planning to withdraw it in our local currency, im just waiting for the right time to trade it. Hope bitcoin price will continues to rise.

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suryati
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November 08, 2017, 11:51:55 AM
 #646

I convert my bitcoin into my country currency only one time when i buy something for my family and make them happy,  and I still hold my BTC for next 3 years and sell it when the price really has reached the highest level possible $ 20,000, who knows may be next 2 years.  Grin
heidybarted
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November 08, 2017, 11:55:26 AM
 #647

The hoarding is not about whether the BTC is accepted or not, it refers to the users prefer to have their currency in BTC to add value, do not change it simply because they do not want  Grin so when you want to make some important purchase or spend a part of the BTC in some material thing you can simply use it or convert it into USD and that's it.
The hoarding does not even have to do with paying or not BTC, it's more to win win win.
zahed
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November 08, 2017, 12:00:46 PM
 #648

Actually i don't care when BTC price is up & fall down.When i need use BTC then i used my BTC for many purpose. Restaurants billing purpose my big amount cost otherwise very small amount cost for another purpose.

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November 08, 2017, 12:10:28 PM
 #649

I use only for baying alts or sell to buy again cheaper

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November 08, 2017, 12:11:23 PM
 #650

At this moment I don't use my BTC because I am waiting for the price to get at the highest peak. I am holding every bitcoin I earn so that I will get a high profit at the future.

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tigervn
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November 08, 2017, 12:14:35 PM
 #651

I often use bitcoin to transact. I feel that exchanging with bitcoin is very safe and fast. Especially my account is not checked by anyone, I like this.
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November 08, 2017, 12:18:10 PM
 #652

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 all know that everyone would always choose to save bitcoin because of it's volatility that makes the price up and down. But sometimes we can't strained ourselves from things that we wanted, ever since.  Grin. So we choose to spend some of our bitcoins. Maybe lack of acceptance is not problem if your in a real world where natural money used to lived. Because bitcoin can be converted to fiat, we all knew that. Lack of spending on bitcoin economy is not about due to lack of acceptance but I guess instead about goal to become rich.  Wink
Kadal Ijo
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November 08, 2017, 12:22:17 PM
 #653

yes, I use bitcoin, with bitcoin then easier, cheaper and practical transactions, I like to send money to friends who are abroad, before very troublesome because of high cost.

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November 08, 2017, 12:23:29 PM
 #654

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.

Of course I use my bitcoin because one of the main reasons why I am working to earn bitcoin is that it serves as my supports to my problems such as financial problems. I oftenly use my bitcoin to buy things I needed and to pay things need to be pay in order to avoid lose of something.

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November 08, 2017, 01:06:52 PM
 #655

I just convert my btc to fiat currency and use it as their is no stores where i can use bitcoin and online purchasing is costly due to delivery charges. I mostly convert my most of the bitcoins to fiat currency just keep small part for investment.
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November 08, 2017, 03:32:41 PM
 #656

Actually i don't care when BTC price is up & fall down.When i need use BTC then i used my BTC for many purpose. Restaurants billing purpose my big amount cost otherwise very small amount cost for another purpose.
if I do not currently have bitcoin. because what I have is just a regular coin, not a bitcoin. finding the bitcoin is difficult too, and it takes the process also look it up.
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November 08, 2017, 03:34:27 PM
 #657

Right now i used my btc for saving money and to invest in the future to buy my own apartment.

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November 08, 2017, 03:34:33 PM
 #658

I'm just using bitcoin to trade personally
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November 08, 2017, 03:39:19 PM
 #659

We could all create more awareness for crypto and btc by selling second hand stuff with the option of paying in btc or crypto. That's what I'm currently doing. And hopefully more actual shops will start to accept crypto as a form of payment.
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November 08, 2017, 03:41:32 PM
 #660

The truth is that every country just like China is afraid of bitcoin taking over their local currency and their lssong value over theirs. China is the biggest economy around the world today but if it comes up with its own coin, then we all have to 1st buy bitcoin before they can change it to theirs. So China still need BTC for exchamge
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