Do you actively spend your bitcoins? - page 16.

Positid

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Quote from: blackmachinegun on September 27, 2016, 09:09:29 PM

Quote from: Zubilica on September 26, 2016, 11:13:11 PM

I hoard my bitcoins for my next generation. So no I don't spend them.

I thought it was weird. is it you always save bitcoin income that you get in your wallet and you never trade it to fiat or even use it at all.
I thought it sounded a lie, but I do not really care about it. I rarely spending bitcoin I prefer to convert it to fiat

Well, if your choice is just to spend your bitcoin or convert it to fiat you are doing a great job for helping the economy of bitcoin because you are part of the good numbers of people who help on the circulation of bitcoin, but I thing I can tell you is that you will not benefit when the price will increase because you do not invest.

blackmachinegun

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Quote from: Zubilica on September 26, 2016, 11:13:11 PM

I hoard my bitcoins for my next generation. So no I don't spend them.

I thought it was weird. is it you always save bitcoin income that you get in your wallet and you never trade it to fiat or even use it at all.
I thought it sounded a lie, but I do not really care about it. I rarely spending bitcoin I prefer to convert it to fiat

ajun96

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Quote from: tyleraj on September 26, 2016, 08:54:59 PM

Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.

Lol is it you always pay load providers every day, whether it was not wasteful?
I think that using bitcoin to everyday life can be fairly difficult. because not a lot of facilities that can be purchased using bitcoin, to be honest I rarely do spending using bitcoin

Finestream

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Quote from: passwordnow on September 26, 2016, 10:47:52 PM

Quote from: tyleraj on September 26, 2016, 08:54:59 PM

Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.

I've been using bitcoins for a longer time today and it is my main purpose on why I spend bitcoins actively. Instead of going outside the house and going to buy e-load to the stores. I can just buy it easily with the help of bitcoins by just single clicks needed. And sometimes if I don't have enough money left I am just selling it for buying the things I need.

However, that is just so limited when it comes to transaction online with bitcoin, to top up our load online using bitcoin is not yet a great improvement but at least we had that in our country, what I can suggest to you is you think outside the bank, rather than spending please do consider savings also as it might give you good life in the future.

Zubilica

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I hoard my bitcoins for my next generation. So no I don't spend them.

passwordnow

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Quote from: tyleraj on September 26, 2016, 08:54:59 PM

Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.

I've been using bitcoins for a longer time today and it is my main purpose on why I spend bitcoins actively. Instead of going outside the house and going to buy e-load to the stores. I can just buy it easily with the help of bitcoins by just single clicks needed. And sometimes if I don't have enough money left I am just selling it for buying the things I need.

tyleraj

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Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.

Jasad

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Quote from: goinmerry on September 25, 2016, 09:13:45 AM

Quote from: Jasad on September 25, 2016, 08:54:32 AM

Quote from: Aamir1 on September 25, 2016, 04:51:16 AM

Quote from: Kotone on September 25, 2016, 04:34:00 AM

Quote from: mandica on July 14, 2016, 04:17:37 PM

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.

If you hold your coins make sure that you can make profit every time the price of bitcoin rise but you will wait more months before that happens for sure there are lots of ways to earn money monthly or weekly in signature campaign after that you can spend your bitcoin with bills or goods.

Trading is better than just holding, holding is obviously safer somehow because they are just kept safe in a wallet and if the price grows they are growing with that, but that process is quite slow because sometimes the price gets stable for many days as it was recently, and in that case you can still earn profits by trading.

who says holding are safer?
have you ever imagine buying bitcoin at price $800 and now stucked at $600?
already holding for over 3 months and lost $20,000 already in current position?
always better to spend your bitcoin regularly and invest on reasonable amunt only.

You bought way back it was at $1000 and keep going down? Good thing you still stayed. If I were that I might have stopped in believing it will go back up to that price.that really hurts for those beta buyers.

most people who experience that terrible mistake buying at highest price, they will just leave ,
and yeppp they might will never comeback to invest back to bitcoin ,
i have a friend who experience this kind problem , not me actually ,
they have a trauma , really hurt to lost around $20,000 ,
so you might need to adjust between spend and hold your bitcoin.

takingthis4

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Quote from: newcoins1978 on September 26, 2016, 07:42:58 AM

Quote from: Ziskinberg on September 22, 2016, 11:24:41 PM

Quote from: Shiroslullaby on September 22, 2016, 09:00:57 PM

I don't spend them, but sometimes I get a good tip for some sports event and do some betting.
Sometimes it doesn't work out and I lose the bitcoin, so thats kind of like spending them, I guess.

You still spend because sports betting is gambling and in gambling we have no assurance whether we will win or not. I know that because I am a gambler myself.

Indeed gambling should just be seen as a game and not as a steady income because it can simply not provide that.
I don't actively spend bitcoin cause I don't have the option to and also I'd like to safe as much as I possibly could.

because it is just a game and we cannot do anything too much about it, it will make you lose money

STT

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I used to spend my bitcoin at a major electronics store who partnered with a bitcoin payment system. Im not sure why they stopped accepting bitcoin but they only really went with it for the duration of the last big price spike, maybe they have no faith it will last much beyond a fad.
Obviously bitcoin moved past the phase where anyone with a graphics card could have something viable to mine with and so to some extent bitcoin is having to do with a process of moving some mechanics away from its users so with that being true the electronics firm no longer felt it relevant to their userbase perhaps.

Seems a bit hasty to withdraw so soon and I dont get why it was any great cost to them. I think they really didnt like that the bitcoin had to be sent and confirmed, it might have lasted longer with a much faster coin but who knows.

So now I have to manually sell the bulk of my coins for cash then do it the old fashioned way. Same net result but takes longer for me, more risk my side I guess

torrentheaven

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Quote from: serjent05 on September 26, 2016, 01:26:33 PM

Quote from: sobsitesearch on September 26, 2016, 11:07:15 AM

yes if i have already good amount of bitcoin in exchange to fiat i always love to spend because it is my extra income and my salary would go to my saving in the bank that is why i am happy to have bitcoin.

I have a little amount of BTC around 1.5 BTC which i converted half of it today. so it is now 0.75 BTC, i spend bitcoin indirectly by converting it to fiat and use it to my daily needs, same as you I am happy to know and have bitcoin because of its boundless opportunity if we are creative enough to take advantage of it.

I think if you have full time job which is paying you in fiat then I think you should spend it for your basic needs and save your bitcoins for the future to get better benefits from it in future.

crairezx20

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Quote from: serjent05 on September 26, 2016, 01:26:33 PM

Quote from: sobsitesearch on September 26, 2016, 11:07:15 AM

yes if i have already good amount of bitcoin in exchange to fiat i always love to spend because it is my extra income and my salary would go to my saving in the bank that is why i am happy to have bitcoin.

I have a little amount of BTC around 1.5 BTC which i converted half of it today. so it is now 0.75 BTC, i spend bitcoin indirectly by converting it to fiat and use it to my daily needs, same as you I am happy to know and have bitcoin because of its boundless opportunity if we are creative enough to take advantage of it.

For me i spend bitcoin also for paying our bills daily. since i have a good job here in my country i just spend bitcoin for other things like buying domain in name cheap since you can buy domain and hosting right now using bitcoin unlike before that they are not accepting bitcoin as payment.

serjent05

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Quote from: sobsitesearch on September 26, 2016, 11:07:15 AM

yes if i have already good amount of bitcoin in exchange to fiat i always love to spend because it is my extra income and my salary would go to my saving in the bank that is why i am happy to have bitcoin.

I have a little amount of BTC around 1.5 BTC which i converted half of it today. so it is now 0.75 BTC, i spend bitcoin indirectly by converting it to fiat and use it to my daily needs, same as you I am happy to know and have bitcoin because of its boundless opportunity if we are creative enough to take advantage of it.

greBit

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Quote from: MaritiJames3 on September 26, 2016, 11:20:41 AM

I do not spend them actively because of the fact I want to save them up for later due to the price increase that is gonna happen soon or later.
I think that the bitcoin is gonna grow to a higher amount without any doubts.

I hope whatever you are saying comes true in future as everyone of us is expecting for the same that we will see higher price in coming months and for that reason we are holding our coins without spending them.

MaritiJames3

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I do not spend them actively because of the fact I want to save them up for later due to the price increase that is gonna happen soon or later.
I think that the bitcoin is gonna grow to a higher amount without any doubts.

Mastsetad

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Quote from: Seansky on September 26, 2016, 08:39:18 AM

I active spend my bitcoins in many ways. Most of it is that I convert it to fiat, I categorized it as spending my bitcoin since I send out my bitcoin to receive fiat. I also use it when I buy online, it is very convenient even though only a few stores accept bitcoin as payment. Lastly, I use bitcoin to buy altcoins that I think would rise in value in the future.

I don't spend them online except recharging my mobile with bitrefill.com but i also convert them to fiat when i need cash, and i also buy and sell altcoins but i don't hold them for long as i feel it is not safe to hold altcoins and there market prices fluctuate too quickly.

sobsitesearch

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yes if i have already good amount of bitcoin in exchange to fiat i always love to spend because it is my extra income and my salary would go to my saving in the bank that is why i am happy to have bitcoin.

goinmerry

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Quote from: Malsetid on September 26, 2016, 09:33:53 AM

Quote from: MbitSport on November 10, 2015, 02:35:02 PM

for the few places that do accept bitcoin, do you currently spend the coins you hold at any of them?

I know places like www.takeaway.com accept bitcoin and i even heard CEX.co.uk accept bitcoin in stores now too, but does anyone spend the bitcoins they have or do most just onto hold them? (Or gamble them lol)

I wonder if there will ever be any retailers that only accept bitcoin.

me im using bitcoin to buy load as one of the exchange site here in our country open this option they allowed bitcoin to pay bills and do some transport booking i hope to see more coming from them so i can regularly use bitcoin from my faucets collection.

Great opinion and I hope they are reading that. Better email them your suggestions so it can reach them faster. We want more with our wallet exchanges for us to maximize the convenience to pay even just on the internet. It will also be profit for them so they will gladly consider.

JumperX

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Quote from: bamboylee on September 26, 2016, 09:26:08 AM

Quote from: Aamir1 on September 25, 2016, 04:51:16 AM

Quote from: Kotone on September 25, 2016, 04:34:00 AM

Quote from: mandica on July 14, 2016, 04:17:37 PM

I hold most of my coins. I believe the price of the bitcoin will rise in the long term. But I also spend some of the coins.

If you hold your coins make sure that you can make profit every time the price of bitcoin rise but you will wait more months before that happens for sure there are lots of ways to earn money monthly or weekly in signature campaign after that you can spend your bitcoin with bills or goods.

Trading is better than just holding, holding is obviously safer somehow because they are just kept safe in a wallet and if the price grows they are growing with that, but that process is quite slow because sometimes the price gets stable for many days as it was recently, and in that case you can still earn profits by trading.

Yeah, if you are trading your bitcoins, you can take advantage of the dips of bitcoin. You can make more bitcoin when sell high and buy low. Just be patient and wait for the right time to buy and right time to sell. If you are just holding, you only make profit one time. BUt if you trade, you make profit everytime you sell and buy.

Yeah and trading will also multiply your coins in long run, holding is good option but not the best of all as you can make only limited profits by simply holding them but with trading you can make regular profits.

Malsetid

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Quote from: MbitSport on November 10, 2015, 02:35:02 PM

for the few places that do accept bitcoin, do you currently spend the coins you hold at any of them?

I know places like www.takeaway.com accept bitcoin and i even heard CEX.co.uk accept bitcoin in stores now too, but does anyone spend the bitcoins they have or do most just onto hold them? (Or gamble them lol)

I wonder if there will ever be any retailers that only accept bitcoin.

me im using bitcoin to buy load as one of the exchange site here in our country open this option they allowed bitcoin to pay bills and do some transport booking i hope to see more coming from them so i can regularly use bitcoin from my faucets collection.

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