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Poll
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 30948 times)
djselery
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December 12, 2017, 03:56:33 PM
 #1201

I don't use all of my BTC, I am using a part because sometimes I need to pay some bills online. But I keep holding the biggest part of my bitcoins because the price is growing up and it will go to the moon as expected. So selling in the future with higher price is the best deal.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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heureca
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December 12, 2017, 04:00:00 PM
 #1202

I don't use all of my BTC, I am using a part because sometimes I need to pay some bills online. But I keep holding the biggest part of my bitcoins because the price is growing up and it will go to the moon as expected. So selling in the future with higher price is the best deal.

Yeah, currently the best strategy is hold bitcoins Smiley I think the next year will be also good for criptocurrency profit  Smiley

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odakorlina
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December 12, 2017, 04:33:18 PM
 #1203

I use my bitcoin whenever I can. I use it sometimes for load internet and trading. Other than that, I keep holding bitcoin for in the future and for the long term investment. Bitcoin is indeed a good oportunity to everyone.
pat4cryptoreal
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December 12, 2017, 06:16:06 PM
 #1204

I have not use bitcoin to purchase anything, I only sell my bitcoin on exchanger or to individual for fiat currency. I have not seen any where to buy an item with bitcoin.
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December 13, 2017, 02:07:45 AM
 #1205

I believe that a majority of bitcoin is used for strictly trading, very few people I talk to actually use bitcoin to buy things. Bitcoin is not currently feasible to make consumer purchases with because it usually takes upwards of an hour to clear and fees are high. Not to mention very few places that actually accept bitcoin.
No its not good decision to spend bitcoin now because the rate of bitcoin is still low you should wait for future when the rate of bitcoin reach at least 20k$ then if you can want then you can spend some of your bitcoins .
Hagmonar
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December 13, 2017, 02:15:13 AM
 #1206

I believe that a majority of bitcoin is used for strictly trading, very few people I talk to actually use bitcoin to buy things. Bitcoin is not currently feasible to make consumer purchases with because it usually takes upwards of an hour to clear and fees are high. Not to mention very few places that actually accept bitcoin.
No its not good decision to spend bitcoin now because the rate of bitcoin is still low you should wait for future when the rate of bitcoin reach at least 20k$ then if you can want then you can spend some of your bitcoins .

If you are a trader then you have to spend your bitcoins its because thats the only way you know on how to duplicate or to earn your money in bitcoins sometime i spend some bitcoins also in buying some things online.
ReindeerOnMe
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December 13, 2017, 02:16:29 AM
 #1207

I have not use bitcoin to purchase anything, I only sell my bitcoin on exchanger or to individual for fiat currency. I have not seen any where to buy an item with bitcoin.

I am also having a problem using some of my bitcoin since there are only some of online stores or actual stores that accepts bitcoin if you really want to buy something either you may need or desire you still need to sell your bitcoins to fiat which sometimes takes time and keep some holders to hold their bitcoin since it is pumping and giving them profit rather than on selling them.
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December 13, 2017, 02:21:01 AM
 #1208

no, i never use my bitcoin, because i'm sure bitcoin is a good long-term investment and very profitable than gold. so I never use my bitcoin, because my bitcoin is used for long term investment.

Zekemporium
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December 13, 2017, 02:39:36 AM
 #1209

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.

Yes, hoarding is the major problem with bitcoin. But this problem of hoarding is maily due to high trasaction fees. People may use bitcoin as currency but due high fee they hold it and use it when price increase.
Also some cases where bitcoin is not accepted by store or merchant, but in majority times peoples not prefer to spend it.
fistteam
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December 13, 2017, 02:44:02 AM
 #1210

Bitcoin has many benefits and it is very convenient. So I used bitcoin and I spent a lot of time to learn and use bitcoin. I would love to use bitcoin because I can make a lot of money from it.
tamoymie
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December 13, 2017, 03:06:12 AM
 #1211

as for me. i dont want to use my bitcoin. i instead earn more and forget them. i believe in this way i will never be tempted to use even the one that i save for investment or waste so much bitcoin that easy on any other purchase that i actually dont need and it will be a huge mistake that i will totally regret in future. so, ill just stick with my way of saving bitcoins today

hyet24
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December 13, 2017, 03:09:35 AM
 #1212

I use it from time to time but not a lot.   I used it for Steam mostly until the fees got way to expensive.  $12 for $5 game is too much.
YouAintFunny
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December 13, 2017, 07:35:14 AM
 #1213

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 do, but just for investments not buying neither digital or irl goods with them, I'm planning on invest in different projects to later earn from them and their team, basically with all these ICO's around we just should chose them weasly and go on.
awwes143
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December 13, 2017, 07:39:44 AM
 #1214

No, because I wear eth coin I think btc is hard to get
denzkilim
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December 13, 2017, 07:42:13 AM
 #1215

Most people are probably storing these and not using them. Else I wouldn't know why we would be seeing prices like we're seeing.

Yeah lots of people "hodling" their bitcoins because everyone here wants to get rich in the future. Grin For me anyone can do what ever they want to their bitcoins just use it wisely.  Cool
MidKnight
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December 13, 2017, 07:55:21 AM
 #1216

I still rely on bitcoin for buying my necessities even if I don't want to spend it. I need food to survive and pay some bills but if only I can earn much faster and bigger then I would not have use it at all.
Ourat
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December 13, 2017, 07:57:24 AM
 #1217

I definitely use bitcoin therefore I am in this forum, and everyone who uses bitcoin and are in this forum they are thinking almost the same as me
Dasvoni
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December 13, 2017, 07:59:03 AM
 #1218

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.
yeah not for now,i'm just wait for the price coming up. keep it hodl and gain huge profit later

C (https://bitcointalk.org/index.php?topic=2494876)
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Wyne
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December 13, 2017, 08:11:49 AM
 #1219

Many people want to hold their bitcoin for investment purpose and I am one of those people But, When unexpected things happen or I face financial difficulties and I need to buy my necessities, even I do not want to use my bitcoin, I have to spend bitcoin by converting it into flat.  And that is one of the reasons why I am thankful for the existence of bitcoin, It teaches me to invest and save so, in case of financial emergency, I can rely unto my bitcoin savings and use it.
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December 13, 2017, 08:18:20 AM
 #1220

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.
No! I do not use my bitcoins. I know that I will regret it in the future if I will use or spend my bitcoins today. I always saying to myself that it is better to save my bitcoins than to spend or use it.

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