Topic: Do you actively spend your bitcoins? - page 109. (Read 257603 times)

Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM

Quote from: knowhow on May 11, 2016, 10:00:24 AM

It is more on daily gambling habits actually, people who uses bitcoin came from the gambling industries and may next is in trading industries. With the advent of the online gambling sites now accepting bitcoins then there is a good exposure for bitcoins and expect in the future for more gambling sites to be establish,

Nowadays, very few people waste their coins on gambling. In 2011 and 2012, there were so few options available for users to spend their coins. Most of them tried their luck on sites such as Satoshi-Dice, since Bitcoin was not being accepted anywhere else. But the situation has changed now. Currently there are a lot of options to spend your coins.

Spending Bitcoin will be not the best thing that you can do and that is because the value is now not even that high and that must change soon.
If that will change soon than there will be a lot of people that is getting a lot of profit and that would be nice.

Yeah spending them is not the smartest thing to do because you can earn some money with it. So when I want something I like to pay with Paypal or creditcard.

I prefer to convert with fiat money and spend it on real, because it would be more fun, rather than spend online.

Yeah and I think right now we only have that option of converting it to fiat and then spend, but we will see many physical shops that will accept bitcoin as a mode of payment.

in the future it will probably be a lot of physical stores that accept bitcoin as payment, but all depends on the development of bitcoin. if every year getting better and some countries many of which use bitcoin as a public service. it may happen.

co5hike

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Quote from: gerXhonza on May 11, 2016, 08:17:00 AM

Quote from: goinmerry on May 11, 2016, 08:13:20 AM

Quote from: gerXhonza on May 11, 2016, 08:17:00 AM

Most of the time i just hold them. But not o long because that´s not nice for the price of the coin. Sometimes
i just buy something i need and hold the rest of my coins.

Best way to spend it. Feel its use in something that we need. That way also I can enjoy my profit from time to time. Whenever I see something interesting online I try to look if they accept this kind of payment.

Yes and we should spend our coins frequently then only the purpose of earning will be served as only holding will not be good in long run if price falls.

I dont know if is a problem but im spending almost all my bitcoins ,not wasting them at gambling im investing them at my personal projects ,soo i believe spend here is the key to sucess ,i could be holding my portfolio and well i would be happy with the total ammount that i had earned and see its value but what the point to store the bitcoins for a long period taking some high risks during those period.

Yeah I am doing the same, today only I converted 0.4 btc to my local currency, as I was in need of money and it will take time to get my monthly salary so bitcoin is helping me financially whenever I need.

knowhow

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Quote from: goinmerry on May 11, 2016, 08:13:20 AM

Quote from: goinmerry on May 11, 2016, 08:13:20 AM

Most of the time i just hold them. But not o long because that´s not nice for the price of the coin. Sometimes
i just buy something i need and hold the rest of my coins.

Best way to spend it. Feel its use in something that we need. That way also I can enjoy my profit from time to time. Whenever I see something interesting online I try to look if they accept this kind of payment.

Yes and we should spend our coins frequently then only the purpose of earning will be served as only holding will not be good in long run if price falls.

I dont know if is a problem but im spending almost all my bitcoins ,not wasting them at gambling im investing them at my personal projects ,soo i believe spend here is the key to sucess ,i could be holding my portfolio and well i would be happy with the total ammount that i had earned and see its value but what the point to store the bitcoins for a long period taking some high risks during those period.

gerXhonza

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Most of the time i just hold them. But not o long because that´s not nice for the price of the coin. Sometimes
i just buy something i need and hold the rest of my coins.

Best way to spend it. Feel its use in something that we need. That way also I can enjoy my profit from time to time. Whenever I see something interesting online I try to look if they accept this kind of payment.

Yes and we should spend our coins frequently then only the purpose of earning will be served as only holding will not be good in long run if price falls.

goinmerry

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Quote from: Icathia on May 11, 2016, 07:22:51 AM

Most of the time i just hold them. But not o long because that´s not nice for the price of the coin. Sometimes
i just buy something i need and hold the rest of my coins.

Best way to spend it. Feel its use in something that we need. That way also I can enjoy my profit from time to time. Whenever I see something interesting online I try to look if they accept this kind of payment.

chaosknight

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Quote from: CoinsRoyal on May 11, 2016, 05:34:36 AM

Quote from: CoinsRoyal on May 11, 2016, 05:34:36 AM

Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Even if need to spend it then I need to convert it to my local currency first, and I only convert if I feel price is good enough to give me higher value of fiat.

I am only spending it online and that is because it is not everywhere acceptable in offline stores and that is bad because not everyone knows how to use it and that is the problem.
So we have to promote it more so more stores will accept it so we can also spend it more.

I sometimes spend coins on some gambling sites and other online websites but I try to not spend to many coins because it is still a fact that we can make money with these Bitcoins. So try to save as much coins as possible.

Why are you wasting your coins in gambling sites? Its better to use it in buying some productive things or else just holding it for the halving.

rektDude

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Most of the time i just hold them. But not o long because that´s not nice for the price of the coin. Sometimes
i just buy something i need and hold the rest of my coins.

Icathia

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Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Even if need to spend it then I need to convert it to my local currency first, and I only convert if I feel price is good enough to give me higher value of fiat.

I am only spending it online and that is because it is not everywhere acceptable in offline stores and that is bad because not everyone knows how to use it and that is the problem.
So we have to promote it more so more stores will accept it so we can also spend it more.

I sometimes spend coins on some gambling sites and other online websites but I try to not spend to many coins because it is still a fact that we can make money with these Bitcoins. So try to save as much coins as possible.

CoinsRoyal

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Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Even if need to spend it then I need to convert it to my local currency first, and I only convert if I feel price is good enough to give me higher value of fiat.

I am only spending it online and that is because it is not everywhere acceptable in offline stores and that is bad because not everyone knows how to use it and that is the problem.
So we have to promote it more so more stores will accept it so we can also spend it more.

Hatuferu

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https://trueflip.io/

Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Even if need to spend it then I need to convert it to my local currency first, and I only convert if I feel price is good enough to give me higher value of fiat.

That is the best thing or benefits of using bitcoins, because when we purchase it, the price was low and by simply using it in different online transactions you have the benefits of low charges and privacy, by the moment you encash it you always gain as the price is consistently rising.

Me, I use it in gambling and most of the time I cannot cash out because I usually lose it all.

JessicaSe

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Quote from: hendra147 on May 10, 2016, 10:23:25 AM

Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Even if need to spend it then I need to convert it to my local currency first, and I only convert if I feel price is good enough to give me higher value of fiat.

mookid

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Yes, I use Bitcoin as a way to protect myself from FIAT inflation (250% last year in Venezuela). So I pretty much have all my savings stored in Bitcoin (and Ethereum), then I use a local bitcoin exchange to convert from Bitcoins to fiat as I need.

Corenin

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Quote from: DashCoinDark on May 10, 2016, 10:08:29 AM

Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM

Quote from: DashCoinDark on May 10, 2016, 10:08:29 AM

It is more on daily gambling habits actually, people who uses bitcoin came from the gambling industries and may next is in trading industries. With the advent of the online gambling sites now accepting bitcoins then there is a good exposure for bitcoins and expect in the future for more gambling sites to be establish,

Nowadays, very few people waste their coins on gambling. In 2011 and 2012, there were so few options available for users to spend their coins. Most of them tried their luck on sites such as Satoshi-Dice, since Bitcoin was not being accepted anywhere else. But the situation has changed now. Currently there are a lot of options to spend your coins.

Spending Bitcoin will be not the best thing that you can do and that is because the value is now not even that high and that must change soon.
If that will change soon than there will be a lot of people that is getting a lot of profit and that would be nice.

Yeah spending them is not the smartest thing to do because you can earn some money with it. So when I want something I like to pay with Paypal or creditcard.

I prefer to convert with fiat money and spend it on real, because it would be more fun, rather than spend online.

Yeah and I think right now we only have that option of converting it to fiat and then spend, but we will see many physical shops that will accept bitcoin as a mode of payment.

hendra147

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Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM

It is more on daily gambling habits actually, people who uses bitcoin came from the gambling industries and may next is in trading industries. With the advent of the online gambling sites now accepting bitcoins then there is a good exposure for bitcoins and expect in the future for more gambling sites to be establish,

Nowadays, very few people waste their coins on gambling. In 2011 and 2012, there were so few options available for users to spend their coins. Most of them tried their luck on sites such as Satoshi-Dice, since Bitcoin was not being accepted anywhere else. But the situation has changed now. Currently there are a lot of options to spend your coins.

Spending Bitcoin will be not the best thing that you can do and that is because the value is now not even that high and that must change soon.
If that will change soon than there will be a lot of people that is getting a lot of profit and that would be nice.

Yeah spending them is not the smartest thing to do because you can earn some money with it. So when I want something I like to pay with Paypal or creditcard.

I prefer to convert with fiat money and spend it on real, because it would be more fun, rather than spend online.

DashCoinDark

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Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM

It is more on daily gambling habits actually, people who uses bitcoin came from the gambling industries and may next is in trading industries. With the advent of the online gambling sites now accepting bitcoins then there is a good exposure for bitcoins and expect in the future for more gambling sites to be establish,

Nowadays, very few people waste their coins on gambling. In 2011 and 2012, there were so few options available for users to spend their coins. Most of them tried their luck on sites such as Satoshi-Dice, since Bitcoin was not being accepted anywhere else. But the situation has changed now. Currently there are a lot of options to spend your coins.

Spending Bitcoin will be not the best thing that you can do and that is because the value is now not even that high and that must change soon.
If that will change soon than there will be a lot of people that is getting a lot of profit and that would be nice.

Yeah spending them is not the smartest thing to do because you can earn some money with it. So when I want something I like to pay with Paypal or creditcard.

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Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM

Quote from: RobinHoodster on May 10, 2016, 05:53:14 AM

It is more on daily gambling habits actually, people who uses bitcoin came from the gambling industries and may next is in trading industries. With the advent of the online gambling sites now accepting bitcoins then there is a good exposure for bitcoins and expect in the future for more gambling sites to be establish,

Nowadays, very few people waste their coins on gambling. In 2011 and 2012, there were so few options available for users to spend their coins. Most of them tried their luck on sites such as Satoshi-Dice, since Bitcoin was not being accepted anywhere else. But the situation has changed now. Currently there are a lot of options to spend your coins.

Spending Bitcoin will be not the best thing that you can do and that is because the value is now not even that high and that must change soon.
If that will change soon than there will be a lot of people that is getting a lot of profit and that would be nice.

Its indeed right now just not smart to spend some bitcoins because of the fact the halving is coming this year and it will be very good.
I think there is a good future a head for the bitcoin with some patient.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

I never spend any Bitcoins because I know that I can make money with it so it is not smart to keep spending them. I'd rather use cash if I want to buy something.
So think twice if you think about spending your bitcoins.

That's right we must control our spending with bitcoins, it is not a wise decision if you are going to spend it actively. Because we may not know what will happen in the future of bitcoin, so if you have save many bitcoins , if it rises then you will get more income,
but if go downs, still you can wait for it to rise.

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Quote from: RobinHoodster on May 10, 2016, 05:53:14 AM

I never spend any Bitcoins because I know that I can make money with it so it is not smart to keep spending them. I'd rather use cash if I want to buy something.
So think twice if you think about spending your bitcoins.

If you will not sell it then how you gonna make money from it? And we don't need to think twice before spending and if you see higher price then you should surely sell some part of it and generate profits.

RobinHoodster

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I never spend any Bitcoins because I know that I can make money with it so it is not smart to keep spending them. I'd rather use cash if I want to buy something.
So think twice if you think about spending your bitcoins.

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Quote from: senyorito123 on May 09, 2016, 09:48:47 AM

Quote from: bryant.coleman on May 09, 2016, 03:07:34 AM