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Author Topic: From holder to spender....  (Read 4536 times)
bitcoinrocks
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February 17, 2015, 01:55:27 AM
 #41

I'm sure to re-buy at Coinbase any amount I send from my main wallet to my spending mobile wallet.  Easy.
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neurotypical
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February 17, 2015, 02:29:56 AM
 #42

I'll pass. Cant afford being a spender until i have at least 1 btc saved.
I see most people thinking like this. Can't blame them. It would be like spending gold on Kmart.
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February 17, 2015, 02:51:49 PM
 #43

I'll pass. Cant afford being a spender until i have at least 1 btc saved.
I see most people thinking like this. Can't blame them. It would be like spending gold on Kmart.

The problem is that the threshold keeps increasing.
When people have 1 BTC, they think I should save 2.  Smiley

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February 17, 2015, 03:53:32 PM
 #44

I've been a BTC holder for about a year and a half but I'm such a miser that I've never spent any of it.  An online shop I want to place an order with accepts BTC so I'm ready to take the plunge.  I'm thinking an Android wallet with a small balance makes sense.  Any recommendations for that software?

I also don't want everyone I spend BTC with to know my main account's balance.  What is the best way to prevent that from happening?

Good for you! Need more people spending and using BTC as a currency.

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February 17, 2015, 05:21:48 PM
 #45

I'll pass. Cant afford being a spender until i have at least 1 btc saved.
I see most people thinking like this. Can't blame them. It would be like spending gold on Kmart.

The problem is that the threshold keeps increasing.
When people have 1 BTC, they think I should save 2.  Smiley

There is nothing wrong with saving, and there is no reason why a person can't save and spend bitcoins at the same time.

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February 17, 2015, 05:24:28 PM
 #46

Android wallet? The one from Schildbach would be nice. Been using it for more than a year now and so far there aren't any problems in regards to using that wallet. If you want to use your phone for storage and spending, try storing a small amount and keep it with care. Be sure to regularly make backups and store the file into an external hard drive or usb in case your phone fcked up or is lost.

As for the second question, a mixing service would be nice. It adds a layer of security to your coins and your main balance wouldn't be that easy to trace.

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February 17, 2015, 08:08:13 PM
 #47

Be sure to regularly make backups
No, that's the good part: both Schildbach's wallet as well as Mycelium are HD wallets nowadays. That means you only have to make a backup once. It will be good forever, even for new addreses / private keys it generates in the future.

In theory, there's no difference between theory and practice. In practice, there is.
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February 17, 2015, 08:13:56 PM
 #48

I'm sure to re-buy at Coinbase any amount I send from my main wallet to my spending mobile wallet.  Easy.

That's the same way I approach things with BTC.  If I do happen to spend any Bitcoin from Bitcoin Core wallet, I try to replenish it right away.

Buy, HODL, spend, BUY, HODL, spend...I think I got that routine perfected now.

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bitcoinrocks
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February 18, 2015, 04:23:57 PM
 #49

I'm sure to re-buy at Coinbase any amount I send from my main wallet to my spending mobile wallet.  Easy.

That's the same way I approach things with BTC.  If I do happen to spend any Bitcoin from Bitcoin Core wallet, I try to replenish it right away.

Buy, HODL, spend, BUY, HODL, spend...I think I got that routine perfected now.

Yep, with Coinbase, Circle, Buttercoin, it's really easy.
pitham1
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February 19, 2015, 03:33:56 AM
 #50

I'll pass. Cant afford being a spender until i have at least 1 btc saved.
I see most people thinking like this. Can't blame them. It would be like spending gold on Kmart.

The problem is that the threshold keeps increasing.
When people have 1 BTC, they think I should save 2.  Smiley

There is nothing wrong with saving, and there is no reason why a person can't save and spend bitcoins at the same time.

True.
Savers contribute a bit to increasing the price.
Spenders contribute a bit to increasing bitcoin adoption.
Nothing wrong with both,

ColderThanIce
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February 21, 2015, 09:06:33 PM
 #51

i try to do what others do: spend my btc on things i want, and then buy back the spent btc as soon as i can. it works fairly well. Smiley

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