Topic: Are You Spending Bitcoin? (Read 8644 times)

The OP also did not ask about the present, but he asked about a period of ten years ago so your answer will not be specific enough if you only refer to the current condition of Bitcoin because ten years ago the price of Bitcoin was very cheap and very far from the current price. So when you start answering a question from someone else, it would be better to see when he asked about something so you can understand it by comparing the conditions then with the current conditions. Although your action of wanting to hold and also wanting to continue to accumulate through Bitcoin is also a very wise thing to do for now.

Not now, i will keep holding if only I have for as it stands with the price of Bitcoin is to hold tight and accumulate more if the funds is available .

I guess it become even harder every month to spend Bitcoin because of its value, I hail those spending Bitcoin to buy things online, even if I have 10 BTC i would prefer to just hold it.

I treat Bitcoin the same way I would treat Gold, if I have to spend Bitcoin online to purchase anything I would ask for USDT as payment instead, if a online store requires for Bitcoin then every other crypto coins are possible as means of payment.

I always feel somehow when I use Bitcoin to settle some payment online, but it feels good using USDT because it is equivalent to cash or fiat, it is stable coin after all.

Whether a BTC transaction is small or large, all transactions take the same time. It takes a long time to complete many of its blocks, which takes time to complete the transaction. Since we have always seen that transaction times are not decreasing, it can be said that if there is such a long transaction speed, no one will want to pay with it or use it.

If there is a system to increase the speed of transactions, blocks will be completed quickly, then they will be able to survive and become popular. Will it be possible to increase the speed of Bitcoin transactions? Many blocks have to be completed for a transaction to be completed. Can these blocks be reduced? If these blocks can be reduced, the transaction time may be shorter. Whether a Bitcoin transaction is small or large, all transactions take the same time. It takes a long time to complete many of its blocks, which takes time to complete the transaction.

Since we have always seen that transaction times are not decreasing, it can be said that if there is such a long transaction speed, no one will want to pay with it or use it. If there is a system to increase the speed of transactions, block will be completed quickly, then they will be able to survive and become popular. Will it be possible to increase the speed of BTC transactions? Many blocks have to be completed for a transaction to be completed. Can these blocks be reduced? If these blogs can be reduced, the transaction time may be less.

Bitcoin is a currency that can be used for payment of goods and services. Very simple. And the process of regular transactions of bitcoin has it no negative effect because it's rightfully what it's meant for.
But I'm trying to pick a point of what you meant which is about investors holding and accumulating without selling so quick that's to bring about market increase.
I also understood the act of Fomo on users who accepts bitcoin for payments may loose the value of accepted payments on bitcoin due to the fact that it's volatile. That's really true, some users that accepts bitcoin as that are usually traded their bitcoin to fiats with that Fomo act. This is one real why the digital technology has also got the USDT as a stable coin which means such users can convert their bitcoins to USDT where it won't be volatile but be aware that it can be affected by the global economy system.

I have always been steadfast in my belief that using bitcoin to buy things is a positive for it,  I once use to think it wouldn't be able survive without have that type of microtransaction speed.

Today I no longer believe that bitcoin must act as a currency for it to succeed but I still feel like bitcoin being able to make smaller transactions will only help it's grow popularity and acceptance around the globe

I think it's a really interesting question. On one hand, if companies start quickly selling the Bitcoin they receive for goods or services, it could certainly increase the supply on the market and possibly put downward pressure on the price. In the short term, this might lead to a decrease in Bitcoin's value.

On the other hand, if using Bitcoin for everyday purchases becomes more widespread, it could boost confidence in the cryptocurrency and increase demand. In that case, even if Bitcoin is quickly sold, in the long run, demand might start to outweigh supply, which could lead to price growth.

It really depends on how these systems develop and are implemented in the economy. If big companies start holding Bitcoin instead of selling it immediately, that could even stabilize or raise the price. So, I think it all depends on how widely people will adopt cryptocurrency in the future.

I'm a hoarder and have no shame in that. I think bitcoin has the potential to be far bigger than it is now so I'm holding on for the price rise to reflect this in the future. I'd spend my coins then but only then.


That's what she said  .

Are You Spending Bitcoin?

Yes, as it comes.

No, I'm not at the moment. I'd be losing  money if I was to spend it at the current price. I plan to start spending in the future if/when it recovers, though.


It's not the same as spending it directly, though it's a start.

Yes.. I currently play bitcoin dice and lotto game but I am having a hard time playing it.

Yes ! I've purchased one ravenbit node physical coin  , here my post and some photos :

https://bitcointalksearch.org/topic/m.9422007

Not at the moment. I'm hoarding the coin

You mean besides gambling, buying almost anything you want and tipping?

I would spend more if there were more ways to spend it.... I think that is the problem at the moment.

I always plan to spend some but I never do.

Are You Spending Bitcoin?

All the time.

I hold most of my Bitcoins but I do give out coins on reddit via Changetip to raise awareness and get people interested.

Getting bitcoins then spending bitcoins, that is good!

Do you get paid a wage in bitcoin? The price fluctuation is definitely a problem when it comes to being used as a currency. Wouldn't be too bad if it kept rising though  .