Do you actively spend your bitcoins? - page 41.

mark coins

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Quote from: goinmerry on August 16, 2016, 03:28:33 AM

Quote from: Yakamoto on August 16, 2016, 12:28:13 AM

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

Exactly bitcoin circulation is very important to take price higher and also to make bitcoin as a stronger currency so even I keep on selling my coins whenever I am in need of money.

bamboylee

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Quote from: mirakal on August 16, 2016, 01:40:58 AM

Quote from: Yakamoto on August 16, 2016, 12:28:13 AM

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.

It is no helping it if we are in need of money. Like me, I hold my bitcoins until a good price, but sometimes there is a sudden need that I have to exchange my bitcoins to fiat. But if I have a choice, I will definitely hold all my bitcoins until the price reaches thousand dollars a piece.

goinmerry

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Quote from: Yakamoto on August 16, 2016, 12:28:13 AM

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

I think exchanging it is one form also. I do a lot of time and the one that is having profit out of it is the website wallet but I dont regret it though. There is this thinking that it also helps for the movement of bitcoin.

madwica

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Quote from: mirakal on August 16, 2016, 01:40:58 AM

Quote from: Yakamoto on August 16, 2016, 12:28:13 AM

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.

Me i used to spend my bitcoin actively because i do not have any investment i just only earning with it that is why i have bitcoin, but if i see that i have a great bitcoin to exchange it into fiat i will exchange and spend it any where.

mirakal

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Quote from: Yakamoto on August 16, 2016, 12:28:13 AM

Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment.

Yakamoto

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Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.

I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.

techfm86

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Actually most of the time that I buy it is for the long-term run.

JessicaSe

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I actively spend my coins on gambling and trading and sometimes to recharge my cell phone, and whatever profits I am earning from gambling and trading that I am saving for future.

Why are you wasting your coins in gambling? I am sure you wouldn't have made good profits from it as everyone looses in long run, better you should save it for future.

I think gambling not always wasting and lose if you know how to control and manage yourself at gambling, because i also spend my coins in gambling and i'm not always lose on gambling.

You may not lose always, but at the end if you calculate it you might have lost more worth bitcoin. You will realize that if you have saved it, it reaps you more profits at that time than wasting in gambling.

Exactly if you save your bitcoins for future then whatever profits you will be earning will be higher in compare to gambling for sure, as the percentage of loosing will be higher in compare to winning in gambling.

Yeah right.. i dont why they are not calculate all their gambling how much they lose and how much they win.. honestly if you calculate it you will see that you lose a lot more than you win. So its better to save it for the future and make your own business online that you can make a profit with your business.

Spending bitcoin on gambling is waste of money, everyone knows what end result will be but still they invest there hoping that they will jackpot someday which seems to be unrealistic.

That would only be a waste of money if you do not win, but if you win you will feel contented with the amount you bag especially when that is a big amount. But for people who are afraid to risk their money in gambling then they stay away or just play it for fun betting a little amount only.

Yeah and if you are into gambling since long time and if you are confident that you can win it big then you should go for it or else simply invest that money somewhere else.

In gambling, we do not need to fool ourselves and think that we can win though our record is not telling the story, we should accept the reality so in that way if we are that serious in gambling we can easily adjust our method and can improve to have a better chances to win.

You may win once or twice but you cannot win every time and I am sure the amount that you loose will be higher in compare to that you have won, so overall if you look at the statistics then you will be in loss.

If you can easily accept your defeat in gambling the better because that would limit your loses, some gamblers use rage in gambling which would make them a decision to chase their bets until they lose a bigger amount in the end.

You should have self control in gambling and you should also have control on your emotions, and to make profits from it you should be aware what is the right time to quit.

That's easy to say but it is really hard to do it, when you are gambling you are in the hot seat that you feel you own the world when you are too lucky and having a good streak, that situation is very dangerous as we let our emotions take over and not our brain to use in gambling.

Its really easy to say when you are not playing gambling but in the true situation its really hard to do it because you would lose your self control and the greediness is overcoming you already which is a really hard thing to control.

If you cannot have control on yourself then its better not to gamble at all, as at the end of the day you will be on loosing end and if you lack self control then it will result in even huge loss.

Gambling is not meant for all of us, but there are people who are earning a living with gambling, and that is really risky way to handle a life as what if luck doesn't favor them in future, I think they will be on streets begging for food.

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