Do you actively spend your bitcoins? - page 5.

jossiel

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Quote from: Doms on October 11, 2016, 10:42:23 PM

I spend a little from time to time, but mostly I just convert it to fiat. With the current state of limited options to use my bitcoins locally, I just convert them and purchase stuff with the local currency. Now that the price is rising again, I just might sell a lot more and hopefully bring home a lot of profits.

Me too I only spend little by I can say that I am actively spending my bitcoins, because every 3 days what I am doing is buying new prepaid load.

And that is going to be considered that I am able to spend bitcoins actively and there are times that I don't use bitcoin at all.

Because I'm holding it.

Doms

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I spend a little from time to time, but mostly I just convert it to fiat. With the current state of limited options to use my bitcoins locally, I just convert them and purchase stuff with the local currency. Now that the price is rising again, I just might sell a lot more and hopefully bring home a lot of profits.

maudevang

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Quote from: hendra147 on October 11, 2016, 10:13:15 PM

Quote from: ajun96 on October 11, 2016, 09:58:23 PM

Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

I also have a desire to buy something. I want to buy a house real estate yeah there is a third party he was also my friend who is ready to sell his house and he accepts bitcoin as a payment, I'm frugal. and save my bitcoin to buy it

that's a big dream, hope you can buy it.
but im not have more bitcoin to buy real estate, i think if i can buy samsung galaxy 7 edge with bitcoin it's enough for me Grin

Well that is also pretty nice right I would not complain about it to be honest, its a nice phone and it would be worth paying some bitcoin for it.
I do not spend it actively at the moment but I will do this in the next year.

hendra147

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Quote from: ajun96 on October 11, 2016, 09:58:23 PM

Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

I also have a desire to buy something. I want to buy a house real estate yeah there is a third party he was also my friend who is ready to sell his house and he accepts bitcoin as a payment, I'm frugal. and save my bitcoin to buy it

that's a big dream, hope you can buy it.
but im not have more bitcoin to buy real estate, i think if i can buy samsung galaxy 7 edge with bitcoin it's enough for me Grin

ajun96

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Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

I also have a desire to buy something. I want to buy a house real estate yeah there is a third party he was also my friend who is ready to sell his house and he accepts bitcoin as a payment, I'm frugal. and save my bitcoin to buy it

mirakal

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Quote from: elyas772 on October 11, 2016, 09:48:56 PM

Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

good goal, i have goal to make a big mining rig with my earning from bitcoin, so i can growing my bitcoin Wink

for me spending bitcoin in righ time is the best way to make our spending is usefull.

That is true, we have to consider that we are spending a precious coin that has a chance to grow its value in the future, we should limit our spending and focus on investing, I can see that it is the only chance we have to grow our money here and make a decent profit.

elyas772

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Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

good goal, i have goal to make a big mining rig with my earning from bitcoin, so i can growing my bitcoin Wink

for me spending bitcoin in righ time is the best way to make our spending is usefull.

Galer

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Quote from: pacifista on October 11, 2016, 08:53:01 PM

Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

Nice motivation yeah we can earn for it by rounding this forum or just offering services that can get paid with bitcoin and participating in their contest.

pacifista

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Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.

elyas772

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spending our bitcoin is helping bitcoin growing too.
each marketplace where accept bitcoin will be happy if we use bitcoin as payment, so he can see the power of bitcoin.
but the problem is only few store where accept bitcoin as payment processor

CrimBit

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Quote from: dhampir-D on October 11, 2016, 07:33:25 PM

I spend when I see that it is a better alternative, but because of the low number of alternatives, it's not something I have done too often. I'm using mainly for investments.

i spend as much as possible like buying T-shirt, top up mobile number , buying some domain name.
last day i deposit $30 at namecheap, now im interesting to buying some hosting too with bitcoin deposit.

dhampir-D

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I spend when I see that it is a better alternative, but because of the low number of alternatives, it's not something I have done too often. I'm using mainly for investments.

blackmachinegun

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Quote from: peta4e on October 11, 2016, 07:56:11 AM

Quote from: lootz on October 11, 2016, 07:29:39 AM

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

That's right the price of bitcoin is unpredictable, either it can go higher or lower so its better to keep on making profits from it in short term by investing it in trading.

true what you say that I think the long-term investing in bitcoin does not guarantee that you will definitely benefit. Because it is very Likely that this year's prices could have been higher than a year tomorrow. so I think that it would be better if you use it for short-term investments

NewInCryptoCurrency

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No I do not spend them active because I think its better to hold plus the fact is also that I hold it for a long term right now.
The price will rise soon or later and due to that I think its better to stay holding the bitcoin for a while.

Doamader

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Quote from: PsursV on October 11, 2016, 04:00:16 PM

Quote from: Kava on October 11, 2016, 06:01:25 AM

I did not use even a single Bitcoin. I accumulate them in order to trade. I think to use them to pay for the Internet or other services properly. Because the price of Bitcoin becomes higher

yes that is a good decision, but i think in most of the area there are still no facilities of using bitcoin directly in their areas. and therefore most of the people are still using bitcoin for price increase.

Well some people are doing the same, earning bitcoin and wait to exchange it with a good value, some pays bills others buy a new phone, in the end people do spend their bitcoins into something they wanna. This year im investing all i got into some projects i do hope get live this year, but i believe it will go live only next year, anyway at 2017 i do hope to be able to start saving bitcoins for the future.

PsursV

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Quote from: Kava on October 11, 2016, 06:01:25 AM

I did not use even a single Bitcoin. I accumulate them in order to trade. I think to use them to pay for the Internet or other services properly. Because the price of Bitcoin becomes higher

yes that is a good decision, but i think in most of the area there are still no facilities of using bitcoin directly in their areas. and therefore most of the people are still using bitcoin for price increase.

Oralmat

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No, actually i can't use the bitcoin in any stores because where i am living, no one stores are accepted the bitcoin, and online i am only using when i want to pay my bills and when i need to transfer the amount, otherwise i don't want to refer to do shopping with my bitcoins.

dunfida

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Quote from: SquallLeonhart on October 11, 2016, 08:56:35 AM

Quote from: lienfaye on October 11, 2016, 08:51:40 AM

Quote from: lootz on October 11, 2016, 07:29:39 AM

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

yeah its risky but its fine to hold your coins and when you see changes in price you can already sell it and dont need to wait for long time to earn. im also holding my coins and i use some of my btc to trade. i dont spend my btc right now i just hold it.

Its good to hold some and spend some in trading as even if trading doesn't goes good for you, you still have some coins in your wallet which you can sell when you see higher price and recover the loss.

But as long as we could , we should not waste our bitcoins on trading because in this we could possibly grow even more on our bitcoin. Dont rely too much on your savings and letting the other investments to fall because you are confident enough because you have other saving and hoping for future profits for backing up the loss.

SquallLeonhart

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Quote from: lienfaye on October 11, 2016, 08:51:40 AM

Quote from: lootz on October 11, 2016, 07:29:39 AM

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

yeah its risky but its fine to hold your coins and when you see changes in price you can already sell it and dont need to wait for long time to earn. im also holding my coins and i use some of my btc to trade. i dont spend my btc right now i just hold it.

Its good to hold some and spend some in trading as even if trading doesn't goes good for you, you still have some coins in your wallet which you can sell when you see higher price and recover the loss.

CoinFoxs

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Quote from: lootz on October 11, 2016, 07:29:39 AM

Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term

Exactly we don't have knowledge about future, what will gonna happen with bitcoin in future, holding bitcoin for years is risky Bette is to invest that coins in trading and in other businesses from where you get some profit. I am always go with the investment and yeah if you holds your coins for shorter period of time and sell when price increase then it is good.

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