Topic: Are You Spending Bitcoin? (Read 8771 times)

No, unless you give me some.

We can't again make the type of profits that people that bought Bitcoin a decade ago are making but we can make good returns on our investment when we decide it's about time we buy Bitcoin and go ahead with actions for the thoughts in our heads because some people don't follow up and they miss out. Bitcoin has done well in the few weeks before this current conditions of the market.

But we shouldn't see this market falling as a reason to be scared of investing but as a discount sales that we should be using to buy Bitcoin. Spending Bitcoin that can be worth more than its current value isn't a good decision. Hodl and not spend, in the future you can spend and what you'll be doing by that time is spending the profits that you have accumulated

Old post but still relevant to this day, now that the price of BTC is around 100k ish, don’t you think it’s wise to spend BTC? If you have bought the dip around 15k last year then selling today could be reasonble and spending it for yourself is very reasonable (holiday season) but the current situation of BTC tells us to hold more and be more wise on spending your BTC’s, global regulation is coming soon and the news is the key to buy more.

In other case, if you have BTCs from 2014 then yeah, very reasonable ‘cause for sure you have a lot of BTC.

If you have the funds to buy more Bitcoin, I will actually advise you to get some Bitcoin because as the price is going bull, we might be surprised to see Bitcoin at 150K soon. It is now many people are seeing a need to invest in Bitcoin. Now that the price is huge, many are still planning to invest in Bitcoin so that when the price shoot up, they will make money from the crypto market. It is not actually easy to be storing Bitcoin in our portfolio when we do have crucial needs to attend to which can always require spending money. I think we need form the habit of buying and holding Bitcoin.

Time is the master like they say. At its due convenience, it reveals/tells all things. I hope that user had some Bitcoin they held till now. Otherwise, he would be regretting it now.

It's obvious a lot of those who had that rare opportunity of treasuring Bitcoin a decade or so ago never believed in what it could do. It's the same thing with a lot of us today. We look at the current prices of these projects as cheap as they're and we conclude they won't do well in future. Again, time will tell.

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.