Do you actively spend your bitcoins? - page 65.

serjent05

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Quote from: mirakal on July 10, 2016, 01:34:34 AM

Quote from: lightyard12 on July 09, 2016, 11:51:28 PM

Quote from: hermanhs09 on July 09, 2016, 10:02:26 PM

Quote from: KonceptCars on July 09, 2016, 09:55:31 PM

As more bitcoin is spent, more bitcoin will be in circulation. More btc in circulation means the market will systematically set itself based on the demand of consumer goods and services.

Yeah but we will see also that the price is more stable,because more people will sell and buy
bitcoin,so that will affect liquidity of bitcoin also.
I hope more and more people will spend their btc actively.

Yea, if people spend their BTC, businesses will start to use bitcoin as an available payment option(hopefully).

I think it should be the other way around, if the business will be accepting bitcoins then we can easily spend our bitcoins, like for instance if large merchants like amazon will accept bitcoin then it would be a huge bitcoin in the circulation.

Yeah it would be great if businesses starting from local store to tycoon company to start using and accepting Bitcoin. This will be a great milestone if a big company start paying or giving a payment option of Bitcoin to their employee. Likewise local store accepting Bitcoin is great to accomodate people who want to spend their bitcoin.
As of me i already said that i spend my BTC actively.

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Quote from: lightyard12 on July 09, 2016, 11:51:28 PM

Quote from: hermanhs09 on July 09, 2016, 10:02:26 PM

Quote from: KonceptCars on July 09, 2016, 09:55:31 PM

As more bitcoin is spent, more bitcoin will be in circulation. More btc in circulation means the market will systematically set itself based on the demand of consumer goods and services.

Yeah but we will see also that the price is more stable,because more people will sell and buy
bitcoin,so that will affect liquidity of bitcoin also.
I hope more and more people will spend their btc actively.

Yea, if people spend their BTC, businesses will start to use bitcoin as an available payment option(hopefully).

I think it should be the other way around, if the business will be accepting bitcoins then we can easily spend our bitcoins, like for instance if large merchants like amazon will accept bitcoin then it would be a huge bitcoin in the circulation.

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Quote from: hermanhs09 on July 09, 2016, 10:02:26 PM

Quote from: KonceptCars on July 09, 2016, 09:55:31 PM

As more bitcoin is spent, more bitcoin will be in circulation. More btc in circulation means the market will systematically set itself based on the demand of consumer goods and services.

Yeah but we will see also that the price is more stable,because more people will sell and buy
bitcoin,so that will affect liquidity of bitcoin also.
I hope more and more people will spend their btc actively.

Yea, if people spend their BTC, businesses will start to use bitcoin as an available payment option(hopefully).

mishra1994

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Right now i am just collecting bitcoins because i dont have dat much bitcoins right now.Yes i use them sometimes on bitrefill on mobile recharges and do some gambling also.

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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.

I hold almost all of them,but i take my profit and gamble them,i dont change it to USD for example.
BTC is actually my hobby,and i dont care if i lose few just to have fun rolling the dice

anyway i could go smarter and book my profit out of investments

At this stage you cannot afford to loose even a small amount of coins as by only holding you can make good profits at halving in compare to gambling and there is no risk in holding like gambling.

Holding not guarantee will give you a profit all of that still has not been proven and I think holding also have at risk for losing.

If you are holding for long term then you can earn profits from it in future but not sure whether holding till halving can be profitable or not as price is not going high at a moment.

yeah i'm sure that bitcoin prices in the future will be quite high and I'm pretty sure that you'll be profit if you can hold bitcoin up to future? but the problem is no one is able to survive holding bitcoi too long? maybe I still doubt there are many people who do not sell their bitcoin from year 2012? any here ?

hermanhs09

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Quote from: KonceptCars on July 09, 2016, 09:55:31 PM

As more bitcoin is spent, more bitcoin will be in circulation. More btc in circulation means the market will systematically set itself based on the demand of consumer goods and services.

Yeah but we will see also that the price is more stable,because more people will sell and buy
bitcoin,so that will affect liquidity of bitcoin also.
I hope more and more people will spend their btc actively.

KonceptCars

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As more bitcoin is spent, more bitcoin will be in circulation. More btc in circulation means the market will systematically set itself based on the demand of consumer goods and services.

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Quote from: phreaky on July 09, 2016, 07:45:46 PM

Quote from: Bitcoinbro on July 09, 2016, 04:47:56 PM

No I do not spend them actively and this is due to the fact that the bitcoin has a great future a head.

The halving is busy and I think that the bitcoin will grow a lot due to this I think its simply not worth spending.

I'm not spending them either because of the halving that is been done, the price is gonna rise very soon and its just a matter of time.
We should now hold our bitcoins and wait for the nice price increase that is coming.

Maybe with a maximum of 3 months we can already feel the effect of halving into our investment, there is only one thing that is I am certain would happen, it is the price that will increase significantly.

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Quote from: Bitcoinbro on July 09, 2016, 04:47:56 PM

No I do not spend them actively and this is due to the fact that the bitcoin has a great future a head.

The halving is busy and I think that the bitcoin will grow a lot due to this I think its simply not worth spending.

I'm not spending them either because of the halving that is been done, the price is gonna rise very soon and its just a matter of time.
We should now hold our bitcoins and wait for the nice price increase that is coming.

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Quote from: The_prodigy on July 09, 2016, 04:34:37 PM

Quote from: Natulat on July 09, 2016, 04:23:34 AM

Quote from: Hatuferu on July 09, 2016, 03:19:06 AM

Quote from: alplaxxx on July 09, 2016, 02:52:33 AM

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.

You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.

I spent my bitcoin whenever I need to buy things online and if the online shop accepts the bitcoin. Then I will buy back the coins.

Same, I usually spend my bitcoins to buy game credits such as steam wallet and garena shells. Sometimes I use it to buy load and other stuff. But, there are times that im keeping it and waiting for the price to increase then im selling it and buying again when the price drops. In addition, bitcoin can now be spent and accepted by some stores as payment. You can now buy gadgets, mining hardware, clothes and other stuffs. Although I never tried to buy the following items, but looking forward to it.

Well we are not the same i just spend my bitcoins for monthly bill i know coins ph you are talking about that you can buy steam credit and garena shells that you can use in league of legends well to mine i just pay my monthly bill for internet and electricity bill..

Bitcoinbro

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No I do not spend them actively and this is due to the fact that the bitcoin has a great future a head.

The halving is busy and I think that the bitcoin will grow a lot due to this I think its simply not worth spending.

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Quote from: Natulat on July 09, 2016, 04:23:34 AM

Quote from: Hatuferu on July 09, 2016, 03:19:06 AM

Quote from: alplaxxx on July 09, 2016, 02:52:33 AM

now I'm not spending my bitcoin what I can do now is to save my income bitcoin to my wallet and sell if the bitcoin goes high, then hold again when the bitcoin is low, I'm waiting for halving , may be after halving, we will find out what will happen.

You need to have a specific number as a basis on how you can identify the price as high otherwise you will be waiting forever and you might miss your chance to maximize your profit.

I spent my bitcoin whenever I need to buy things online and if the online shop accepts the bitcoin. Then I will buy back the coins.

Same, I usually spend my bitcoins to buy game credits such as steam wallet and garena shells. Sometimes I use it to buy load and other stuff. But, there are times that im keeping it and waiting for the price to increase then im selling it and buying again when the price drops. In addition, bitcoin can now be spent and accepted by some stores as payment. You can now buy gadgets, mining hardware, clothes and other stuffs. Although I never tried to buy the following items, but looking forward to it.

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Quote from: valta4065 on July 09, 2016, 02:04:48 PM

Lol!
I'd spend it if I'd knew where ^^
To spend my btc I first sell it for cash, then I spend it!

I do not sell bitcoin for cash. I just use it directly. It will help the circulation of the coin and help adoption.

valta4065

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Lol!
I'd spend it if I'd knew where ^^
To spend my btc I first sell it for cash, then I spend it!

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Quote from: tyagi on July 09, 2016, 12:38:22 PM

well in India peoples are only using it for trading gambling or paying for recharges online nothing more than that

I guess it does not spend a bitcoin trading, but it is trying to reproduce bitcoin. I myself like to play trading, but this time I did not play it because I was busy. so this time I was not active in spending my bitcoin, but I just kept it, and I might sell it when the price rises bitcoin

tyagi

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well in India peoples are only using it for trading gambling or paying for recharges online nothing more than that

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Quote from: hermanhs09 on July 09, 2016, 10:12:04 AM

Quote from: romero121 on July 09, 2016, 06:05:39 AM

Right now most users were holding bitcoin than spending effectively just with the hope of earning good by today's holding. Once again from tomorrow users starts spending if nothing high happens.

you are hundred percent right sir,we have seen a volume getting lower and lower (in bitcoin)
just before halving,it means people hold their coins to sell them after halving (when price rises)

Already spending mine actively since 2014, and i don't have bitcoin in my arsenal Lol. All are put into some investment in ICO, some in trading altcoin and most of it spending online. I can't think of my Bitcoin being idle in my stash, coz I believe, the more movement of your Bitcoin to profit generating stuff, the more Bitcoin comes back to you.

Dudeperfect

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No, I don't really spend bitcoins as of now as I am accumulating the coins through investment point of view. Some major reasons are

1) Low Balance -
I don't have much quantity as as of now so spending is not a good practice for me.

2) Time consuming -
My wallet takes long time to send or receive coins so it's too much slow when compared to my bank account or debit card or even virtual credit card.

3) Options -
As there are many other options available so I don't have to use my bitcoins.

Yes I am aware that spending makes economy strong and active and thus I will try to spend BTC as secondary option after some period, till then I am accumulating it.

hermanhs09

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Quote from: romero121 on July 09, 2016, 06:05:39 AM

Right now most users were holding bitcoin than spending effectively just with the hope of earning good by today's holding. Once again from tomorrow users starts spending if nothing high happens.

you are hundred percent right sir,we have seen a volume getting lower and lower (in bitcoin)
just before halving,it means people hold their coins to sell them after halving (when price rises)

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Quote from: blackmachinegun on July 09, 2016, 05:57:57 AM

Quote from: expert4knowledge on July 07, 2016, 08:25:51 AM

Quote from: Gloiri on July 07, 2016, 04:33:53 AM

I try to not spend any Bitcoins because it is not that handy, they are worth allot of money and spending them is dumb if you can make money with them.
If you want to spend then just spend cash but not Bitcoin.

But it is not bad to spend some of bitcoins since circulating bitcoin is useful for bitcoin itself.

yeah I think it's okay to spend some satoshi only it will not make you loss dude. I spend as usual to buy top-ups phone and so
on with bitcoin and it needs me I'm not counting the expenses. although halving will come it does not make me anxious to spending

If you are going to spend some of your satoshis I think that is fine at all and it is not going to take any effect from you.
But of course if your most priority is that you are going to save a lot of bitcoins for holding it and wait for the effect of the halving.

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