Do you actively spend your bitcoins? - page 60.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: Positid on July 18, 2016, 07:22:18 AM

Quote from: danherbias07 on July 18, 2016, 06:21:55 AM

Quote from: Hatuferu on July 17, 2016, 08:25:20 AM

Quote from: danherbias07 on July 17, 2016, 07:43:21 AM

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.

And the best thing is after you send your payment you can easily see at the public ledger your transaction and that makes you comfortable which gives you assurance that your transaction is transparent.

Bitcoin transactions are transparent for sure and above all the credits are instant which makes bitcoin unique from other payment systems.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: danherbias07 on July 18, 2016, 06:21:55 AM

Quote from: Hatuferu on July 17, 2016, 08:25:20 AM

Quote from: danherbias07 on July 17, 2016, 07:43:21 AM

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.

And the best thing is after you send your payment you can easily see at the public ledger your transaction and that makes you comfortable which gives you assurance that your transaction is transparent.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Hatuferu on July 17, 2016, 08:25:20 AM

Quote from: danherbias07 on July 17, 2016, 07:43:21 AM

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

True. Convenience is a great factor. We dont want anything that takes so long to transact and getting a hard time to send it. This is where bitcoin enters for it can give all of that. Even exchanhing it to fiat is gettig faster.

nururochac

full member

Activity: 182

Merit: 100

Quote from: newcoins1978 on July 18, 2016, 03:01:07 AM

Quote from: MbitSport on November 10, 2015, 07:43:21 PM

I decided to put my money where my mouth is, almost literally lol, i just ordered a pizza and paid using bitcoin.

I do feel an itch to replace the bitcoin i just spent though lol

In the past I used to spend Bitcoin allot but that has changed because they are getting harder and harder to get these days.
If you want to buy something try to use cash or credit first before you ar going to spend Bitcoin.

Bitcoin do really getting harder nowadays since the halving event is affecting the fee of the miners and make the value to increase. That's why I'm thinking to hold atleast 1 btc because I will believe it will give me a good profit soon.

newcoins1978

sr. member

Activity: 406

Merit: 250

Quote from: MbitSport on November 10, 2015, 07:43:21 PM

I decided to put my money where my mouth is, almost literally lol, i just ordered a pizza and paid using bitcoin.

I do feel an itch to replace the bitcoin i just spent though lol

In the past I used to spend Bitcoin allot but that has changed because they are getting harder and harder to get these days.
If you want to buy something try to use cash or credit first before you ar going to spend Bitcoin.

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Quote from: danherbias07 on July 17, 2016, 07:43:21 AM

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

That is possible because your bitcoins are both investment and currency, you can easily exchange your bitcoins into fiat and vice versa. It is really good to spend your bitcoins online because it is way more convenient than other payment system.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

Yes I guess that is still spending. I do also change it to fiat for many times. I think as long as there is this transaction it is still spending even just putting it in a different wallet for you also pay for that.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: Batelk on July 17, 2016, 04:25:32 AM

Quote from: Positid on July 16, 2016, 02:37:34 AM

Quote from: mandica on July 16, 2016, 02:06:31 AM

Quote from: thejaytiesto on July 15, 2016, 11:07:55 AM

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.

Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

Online transaction is quite good. I can buy some computer components with the bitcoin. It is quite easy.

That depends on your decision because it is your bitcoin anyway, but I would suggest you have to be very cautious on spend spending your precious bitcoins because you have no idea the future value of what you are spending.

Batelk

full member

Activity: 216

Merit: 100

Quote from: Positid on July 16, 2016, 02:37:34 AM

Quote from: mandica on July 16, 2016, 02:06:31 AM

Quote from: thejaytiesto on July 15, 2016, 11:07:55 AM

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.

Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

Online transaction is quite good. I can buy some computer components with the bitcoin. It is quite easy.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: mandica on July 16, 2016, 02:06:31 AM

Quote from: thejaytiesto on July 15, 2016, 11:07:55 AM

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.

Bitcoin will not succeed if it will not be recognize as currency first, to be name as currency that is the only way we can attract adopters to use bitcoins in online transaction to increase the circulation in the market that would eventually create demands.

mandica

hero member

Activity: 693

Merit: 508

Quote from: thejaytiesto on July 15, 2016, 11:07:55 AM

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

It will change when the infrastructure is built for the bitcoin. More merchants will acccept bitcoin in the future.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: thejaytiesto on July 15, 2016, 11:07:55 AM

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

I think otherwise Cheesy

, but well, bitcoin value depends on people on how they look at them. For me Bitcoin is just a medium or tool like money to use in order to achieve what you are planning in your financial life. I don't consider Bitcoin as gold though it's mining calculation resembles on how gold is mine, it's that there can be alternative for bitcoin and you can find it anytime or create it anytime.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Bitcoin is the most undervalued asset/liability/however you want to call it, on the planet, so it's very difficult to spend your Bitcoins on meaningless stuff, for that, I use fiat. So I use bitcoin like gold, not like a currency.

Jimbola3

sr. member

Activity: 382

Merit: 250

Quote from: boyptc on July 13, 2016, 07:06:12 PM

Quote from: gerXhonza on July 13, 2016, 05:47:21 PM

Quote from: RealPhotoshoper on July 13, 2016, 05:45:29 PM

Quote from: Crazygreek on July 13, 2016, 04:42:13 PM

It's very hard to spend bitcoins actively and usefull at the same time cause it's not accepted by many good online shops and and i can't use it offline in my city.

Yeaaa it was bitcoin main problem but soon or later it will solved .
Many merchants will accept bitcoin as payment processor, it is just the matter of time.
People will realize how easy and useful using bitcoin than use physical currency.

Exactly it will be done in future for sure, and for that we need to have some patience and at a moment we have option of spending it online so we should be satisfied with it.

As of now we are experiencing having hard time to use since the stores are just limited that accepts bitcoin. But don't worry guys, it is going to happen soon that more and more stores are going to accept bitcoins for payment. We just need to wait for that time because as of now they are now in the process of adoption.

Yes shops are going to accept payment in Bitcoins and until then there is no harm in waiting coz the value of btc will always increase.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: agustina2 on July 15, 2016, 09:18:44 AM

Quote from: Finestream on July 15, 2016, 08:11:41 AM

Quote from: pocarime32 on July 15, 2016, 08:03:26 AM

Quote from: sobsitesearch on July 14, 2016, 09:32:38 PM

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.

In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

Well agree that is really convenient but it much more convenient if merchants will directly accepts bitcoin as one of their payment method.

But yes in most of the places, since some of the merchants don't accepts btc, people are converting it to fiat before spending it in their desired things.

If I'm not mistaken there are merchants already that are now accepting bitcoins in directly for the payment of their products and services. But I want to suggest that it is better to stop for a while in actively spending your bitcoins.
And it is better if you are going to hold it for a while.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Finestream on July 15, 2016, 08:11:41 AM

Quote from: pocarime32 on July 15, 2016, 08:03:26 AM

Quote from: sobsitesearch on July 14, 2016, 09:32:38 PM

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.

In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

Well agree that is really convenient but it much more convenient if merchants will directly accepts bitcoin as one of their payment method.

But yes in most of the places, since some of the merchants don't accepts btc, people are converting it to fiat before spending it in their desired things.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: sobsitesearch on July 14, 2016, 09:32:38 PM

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Me either as of now I'm not an active spender of my bitcoins. Because I'm still waiting for the price increase that is going to happen soon.
And I believe that it is going to happen.
So that I can earn some good profits out of it.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: pocarime32 on July 15, 2016, 08:03:26 AM

Quote from: sobsitesearch on July 14, 2016, 09:32:38 PM

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.

In Asia you don't need to spend your bitcoins online because you can easily cash out to a bank nearest you, that is still convenient in my opinion and since people their don't have that chance buy stuff online it is good to avoid them from being spender as the key to prosper is to save.

pocarime32

sr. member

Activity: 420

Merit: 250

Quote from: sobsitesearch on July 14, 2016, 09:32:38 PM

I am not actively spend my bitcoin because it is impossible as of now because in my country there are no stores accepting bitcoin as their for of payment but i already spend my bitcoin paying my bills.

Yeah, spending bitcoin in real life is hard in asian country, because it's still rare to find a shop that accept bitcoin. I usually spend my bitcoin online.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: target on July 14, 2016, 09:15:40 PM

I guess we can consider exchanging bitcoin to fiat as spending still right?
I've been trading as well like buying some coins such as Lisk, WAVES and BRK lately thru the bitcoins I've earned so yeah i'm spending by btc. Not for a commodity though. if I can spend btc on grocery store i may have spend more to the food i would eat than to the coins.

In my opinion it is not wise enough to spend bitcoins for our basic needs like daily expenses for food and bills because I always think that the bitcoins I am spending is so precious to buy such, my idea is I trade my bitcoins with some altcoins and spend it a little in gambling to have fun while waiting for for the altcoins to increase its price in a day.

Topic: Do you actively spend your bitcoins? - page 60. (Read 257616 times)