Do you actively spend your bitcoins? - page 19.

Shibashi Dogemoto

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Quote from: bamboylee on September 24, 2016, 10:53:57 AM

Quote from: Prettygirl01315 on September 24, 2016, 04:03:01 AM

Not at all because I used my bitcoin in online investment sites to grow my coin. I also used my bitcoin through the trading site to buy stacks and sell it in the near future to get profit for it. I also bet my bitcoin through the gamble site to also grow my coins. Bitcoin is business money making income. Thats it.

The only thing I do not like here is that you are gambling your bitcoin. Everything else makes your bitcoin grow, but gambling makes you lose bitcoin. Unless you are very lucky person, then you can make profit from gambling. But luck is a fickle thing, and you can lose them bitcoin you earn from your investment on a single night.

If a person is confident that he can multiply his coins with gambling then he can go for it, but its always good to go with small amount as majority of times results will not be in your favor.

bamboylee

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Quote from: Prettygirl01315 on September 24, 2016, 04:03:01 AM

Not at all because I used my bitcoin in online investment sites to grow my coin. I also used my bitcoin through the trading site to buy stacks and sell it in the near future to get profit for it. I also bet my bitcoin through the gamble site to also grow my coins. Bitcoin is business money making income. Thats it.

The only thing I do not like here is that you are gambling your bitcoin. Everything else makes your bitcoin grow, but gambling makes you lose bitcoin. Unless you are very lucky person, then you can make profit from gambling. But luck is a fickle thing, and you can lose them bitcoin you earn from your investment on a single night.

mark coins

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Quote from: coynedterm on September 24, 2016, 05:41:27 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.

no , i usually not spent my btc . i always sell my btc after 20-30 days . in the interval of 20-30 days the price became more than rest of days then i made sell my btc in bulk . and turn my btc in my lpcal currency amd save in my bank account .

Even I prefer to sell them once in a month when I have reached to some descent level and converting them frequently is not a smart thing as every time you need to pay transaction fees.

coynedterm

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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.

no , i usually not spent my btc . i always sell my btc after 20-30 days . in the interval of 20-30 days the price became more than rest of days then i made sell my btc in bulk . and turn my btc in my lpcal currency amd save in my bank account .

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Quote from: 23dzmaz on September 24, 2016, 05:22:53 AM

I always spend my bitcoins everyday, because i am a trader and a gambler, it's make me become very active spend my bitcoins. Especially on gambling, i am a hardcore gambler.

Yeah even I am spending them sometimes on gambling but most of my coins are spend on trading sites where it always allows me to make some good profits on regular basis.

23dzmaz

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I always spend my bitcoins everyday, because i am a trader and a gambler, it's make me become very active spend my bitcoins. Especially on gambling, i am a hardcore gambler.

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Quote from: mirakal on September 24, 2016, 04:37:58 AM

Quote from: Prettygirl01315 on September 24, 2016, 04:03:01 AM

Not at all because I used my bitcoin in online investment sites to grow my coin. I also used my bitcoin through the trading site to buy stacks and sell it in the near future to get profit for it. I also bet my bitcoin through the gamble site to also grow my coins. Bitcoin is business money making income. Thats it.

That's a good move if you will ask me, we should learn to discipline ourselves in saving than spending our money in useless thinks. With saving or using our bitcoin in a more productive way, we can expect more profit in the future and it could help us achieve our dreams.

Yup its better not to spend them on useless things, instead it should be saved for the future as bitcoins will be more valuable in future holding very good price allowing us to make good money from it.

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Quote from: Prettygirl01315 on September 24, 2016, 04:03:01 AM

Not at all because I used my bitcoin in online investment sites to grow my coin. I also used my bitcoin through the trading site to buy stacks and sell it in the near future to get profit for it. I also bet my bitcoin through the gamble site to also grow my coins. Bitcoin is business money making income. Thats it.

That's a good move if you will ask me, we should learn to discipline ourselves in saving than spending our money in useless thinks. With saving or using our bitcoin in a more productive way, we can expect more profit in the future and it could help us achieve our dreams.

Prettygirl01315

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Not at all because I used my bitcoin in online investment sites to grow my coin. I also used my bitcoin through the trading site to buy stacks and sell it in the near future to get profit for it. I also bet my bitcoin through the gamble site to also grow my coins. Bitcoin is business money making income. Thats it.

Ziskinberg

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Quote from: crairezx20 on September 23, 2016, 02:39:38 PM

Quote from: dandroid on September 23, 2016, 02:33:20 PM

I do not spend it actively, to be honest. I think that spending the coins now is just not very smart, due to the fact that bitcoin has a lot more to offer in the near future.

Yeah its not good to spend bitcoin right now but if you are spending your bitcoin to increase the amount of your bitcoin its not a problem..
Saving bitcoin or holding bitcoins for a long time is one of the way for lazy people.. to live and make a profit in bitcoin..

It is fine to spend but do not spend actively because it is advisable that we hold our bitcoin for the benefit in the future, the price is good and increasing therefore it is just the right time to discipline ourselves and focus on investment.

crairezx20

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Quote from: dandroid on September 23, 2016, 02:33:20 PM

I do not spend it actively, to be honest. I think that spending the coins now is just not very smart, due to the fact that bitcoin has a lot more to offer in the near future.

Yeah its not good to spend bitcoin right now but if you are spending your bitcoin to increase the amount of your bitcoin its not a problem..
Saving bitcoin or holding bitcoins for a long time is one of the way for lazy people.. to live and make a profit in bitcoin..

dandroid

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I do not spend it actively, to be honest. I think that spending the coins now is just not very smart, due to the fact that bitcoin has a lot more to offer in the near future.

Shibashi Dogemoto

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Quote from: michietn94 on September 23, 2016, 10:52:33 AM

No since I'm holding bitcoin for future investment. I just convert some of it for very important need such like pay school fee.
Anyway I'm also looking for next halving

Its too long to think of halving at a moment and if your plan is to hold them till that point then I think you are taking a very big risk as we never know what price it will hold in future.

bamboylee

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Quote from: umaOuma on September 23, 2016, 05:18:29 AM

Quote from: TheUltraElite on September 23, 2016, 05:08:49 AM

Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.

You have a great level of patience mate, as I won't be able to hold them too long, I will surely sell them when I will be making some profits from it and buy them again when price drops.

Your technique can work. You make little profits then buy bitcoins again. You will end up with more bitcoin if you do that over and over again. It is better if you set aside some coins for holding (for when price suddenly surges up), then some for trading.

michietn94

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No since I'm holding bitcoin for future investment. I just convert some of it for very important need such like pay school fee.
Anyway I'm also looking for next halving

co5hike

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Quote from: TheUltraElite on September 23, 2016, 06:03:51 AM

Quote from: umaOuma on September 23, 2016, 05:18:29 AM

Quote from: TheUltraElite on September 23, 2016, 05:08:49 AM

Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.

You have a great level of patience mate, as I won't be able to hold them too long, I will surely sell them when I will be making some profits from it and buy them again when price drops.

Patience is the key my friend.

Also it is true that I will also buy more in case price drops. But holding it yes I will hold them off long enough so as to yield good amount of profit. I dont like short-term investments. I prefer to go slow and steady.

Different people have different mentality, some will prefer to hold them for a long term and won't be interested in short term fluctuations and rest will prefer to take benefits from it.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: umaOuma on September 23, 2016, 05:18:29 AM

Quote from: TheUltraElite on September 23, 2016, 05:08:49 AM

Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.

You have a great level of patience mate, as I won't be able to hold them too long, I will surely sell them when I will be making some profits from it and buy them again when price drops.

Patience is the key my friend.

Also it is true that I will also buy more in case price drops. But holding it yes I will hold them off long enough so as to yield good amount of profit. I dont like short-term investments. I prefer to go slow and steady.

umaOuma

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Quote from: TheUltraElite on September 23, 2016, 05:08:49 AM

Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.

You have a great level of patience mate, as I won't be able to hold them too long, I will surely sell them when I will be making some profits from it and buy them again when price drops.

TheUltraElite

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So anyway, I applied as a merit source :)

Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.

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Quote from: Zooplus on September 23, 2016, 02:36:11 AM

Quote from: jamids on September 23, 2016, 01:47:22 AM

No I don't actively spend my coins like buying something with it when I can buy it with fiat. I will use my coins instead in trading because I am accumulating as much bitcoin as possible because I believe that time will come when it's not that easy anymore to buy one whole bitcoin because it's price is already that high. When I already have that much bitcoin that time then I will be able to make profit with it.

Well, that was expected by majority of the believers here, I hope it would really happen that we will be able to witness a great price in the future, I myself is even saving for my future but to the amount only that I could tolerate, this is an opportunity that we are here so we should continue to save from our earnings instead of spending.

We should all share that same idea. I have known some people to whom I introduced bitcoin are already giving it all. They say if there is chance they want their invested money in bitcoin to be the one which will make them rich. I told not to put everything and leave something for their own savings. Well, that is their decision, I am just hoping also that it would rise so that it will not hurt them.

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