Do you actively spend your bitcoins? - page 72.

co5hike

hero member

Activity: 798

Merit: 1000

Quote from: silentkiller on July 02, 2016, 09:43:59 AM

Quote from: Jmild1 on July 02, 2016, 09:33:37 AM

Quote from: Mark02 on July 02, 2016, 07:33:36 AM

I spend my bitcoins investing in a mining corporation like Hashocean. Unfortunately, this site is down now and there is no sign that it will come back. Apart from that, I also spent my bitcoins depositing in a gambling site like Bitsler. My goal is to have a large amount of bitcoin before halving and I plan to trade that when the price of it pumps. But I can't reach that 'cause I always loose on gambling sites. I suggest that you keep your bitcoins in your wallet and wait for the halving and then sell it in a high price then wait for the price to go down, then buy another bitcoins.

You shouldn't join any self-proclaimed cloud mining sites, because it's not real. Most sites that says they are cloud mining site is a ponzi. You can't profit in any mining site nowadays because mining is getting too hard.

too risky to join in a cloud mining site nowadays,after what happened to hash ocean. 2 years of service and no one thinks that it will be going to a scam..sad life for those who invest big btc.

Exactly feels sorry for those who have lost their money in it, so it was an learning experience for all of us to not to get greedy and stay away from any investment sites.

silentkiller

full member

Activity: 210

Merit: 100

Quote from: Jmild1 on July 02, 2016, 09:33:37 AM

Quote from: Mark02 on July 02, 2016, 07:33:36 AM

I spend my bitcoins investing in a mining corporation like Hashocean. Unfortunately, this site is down now and there is no sign that it will come back. Apart from that, I also spent my bitcoins depositing in a gambling site like Bitsler. My goal is to have a large amount of bitcoin before halving and I plan to trade that when the price of it pumps. But I can't reach that 'cause I always loose on gambling sites. I suggest that you keep your bitcoins in your wallet and wait for the halving and then sell it in a high price then wait for the price to go down, then buy another bitcoins.

You shouldn't join any self-proclaimed cloud mining sites, because it's not real. Most sites that says they are cloud mining site is a ponzi. You can't profit in any mining site nowadays because mining is getting too hard.

too risky to join in a cloud mining site nowadays,after what happened to hash ocean. 2 years of service and no one thinks that it will be going to a scam..sad life for those who invest big btc.

Jmild1

full member

Activity: 210

Merit: 100

Quote from: Mark02 on July 02, 2016, 07:33:36 AM

I spend my bitcoins investing in a mining corporation like Hashocean. Unfortunately, this site is down now and there is no sign that it will come back. Apart from that, I also spent my bitcoins depositing in a gambling site like Bitsler. My goal is to have a large amount of bitcoin before halving and I plan to trade that when the price of it pumps. But I can't reach that 'cause I always loose on gambling sites. I suggest that you keep your bitcoins in your wallet and wait for the halving and then sell it in a high price then wait for the price to go down, then buy another bitcoins.

You shouldn't join any self-proclaimed cloud mining sites, because it's not real. Most sites that says they are cloud mining site is a ponzi. You can't profit in any mining site nowadays because mining is getting too hard.

gerXhonza

hero member

Activity: 812

Merit: 1000

Quote from: fravia on July 02, 2016, 08:29:38 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.

well yes i actually spend them and i do that pretty often, because i think that bitcoins were created to make our payments easier compared to credit cards and fiat money

and if we wouldn't spend bitcoins, stores wouldn't accept them, so because of that i actually think that other people uses bitcoins too, not only buys/sells them to get profit

The primary goal of earning or buying bitcoin is to spend it as an currency, and that will also allow bitcoin to circulate in market, but as of now I think holding them for halving is more profitable.

fravia

hero member

Activity: 770

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

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.

well yes i actually spend them and i do that pretty often, because i think that bitcoins were created to make our payments easier compared to credit cards and fiat money

and if we wouldn't spend bitcoins, stores wouldn't accept them, so because of that i actually think that other people uses bitcoins too, not only buys/sells them to get profit

Mark02

full member

Activity: 224

Merit: 100

I spend my bitcoins investing in a mining corporation like Hashocean. Unfortunately, this site is down now and there is no sign that it will come back. Apart from that, I also spent my bitcoins depositing in a gambling site like Bitsler. My goal is to have a large amount of bitcoin before halving and I plan to trade that when the price of it pumps. But I can't reach that 'cause I always loose on gambling sites. I suggest that you keep your bitcoins in your wallet and wait for the halving and then sell it in a high price then wait for the price to go down, then buy another bitcoins.

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: darkmagician on July 02, 2016, 07:06:14 AM

Quote from: eddyubachs on July 02, 2016, 07:00:01 AM

Quote from: tabas on July 02, 2016, 06:21:18 AM

Quote from: Shibashi Dogemoto on July 02, 2016, 05:46:13 AM

Quote from: tabas on July 02, 2016, 05:42:07 AM

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

Everyone is holding their coins at a moment to earn best profits at halving as spending now cannot be more profitable as price will go much higher at halving.

Yes that's true and we all know the reason why they stopped spending actively and just holding their coins.
We are all hoping to get profit when the halving comes.
As its effect is going to increase the price of bitcoin.

I think the effect of halving is already started as price is going higher now, so spending now is nor recommended, best option is to hold for the halving.

yes you are right, bitcoin price has started to increase again,we will see the 700$ mark again this week,the month of halving.

It is been better to hold your bitcoins and if you can't stop your self spending actively your bitcoins. Then you must control yourself and think about the positive thing that is going to result once you are going to hold your bitcoins.s

darkmagician

full member

Activity: 210

Merit: 100

Quote from: eddyubachs on July 02, 2016, 07:00:01 AM

Quote from: tabas on July 02, 2016, 06:21:18 AM

Quote from: Shibashi Dogemoto on July 02, 2016, 05:46:13 AM

Quote from: tabas on July 02, 2016, 05:42:07 AM

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

Everyone is holding their coins at a moment to earn best profits at halving as spending now cannot be more profitable as price will go much higher at halving.

Yes that's true and we all know the reason why they stopped spending actively and just holding their coins.
We are all hoping to get profit when the halving comes.
As its effect is going to increase the price of bitcoin.

I think the effect of halving is already started as price is going higher now, so spending now is nor recommended, best option is to hold for the halving.

yes you are right, bitcoin price has started to increase again,we will see the 700$ mark again this week,the month of halving.

eddyubachs

hero member

Activity: 812

Merit: 1000

Quote from: tabas on July 02, 2016, 06:21:18 AM

Quote from: Shibashi Dogemoto on July 02, 2016, 05:46:13 AM

Quote from: tabas on July 02, 2016, 05:42:07 AM

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

Everyone is holding their coins at a moment to earn best profits at halving as spending now cannot be more profitable as price will go much higher at halving.

Yes that's true and we all know the reason why they stopped spending actively and just holding their coins.
We are all hoping to get profit when the halving comes.
As its effect is going to increase the price of bitcoin.

I think the effect of halving is already started as price is going higher now, so spending now is nor recommended, best option is to hold for the halving.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Shibashi Dogemoto on July 02, 2016, 05:46:13 AM

Quote from: tabas on July 02, 2016, 05:42:07 AM

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

Everyone is holding their coins at a moment to earn best profits at halving as spending now cannot be more profitable as price will go much higher at halving.

Yes that's true and we all know the reason why they stopped spending actively and just holding their coins.
We are all hoping to get profit when the halving comes.
As its effect is going to increase the price of bitcoin.

Shibashi Dogemoto

hero member

Activity: 840

Merit: 1000

Quote from: tabas on July 02, 2016, 05:42:07 AM

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

Everyone is holding their coins at a moment to earn best profits at halving as spending now cannot be more profitable as price will go much higher at halving.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: sobsitesearch on July 02, 2016, 05:21:42 AM

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

Me either, I am now minimizing the use of my bitcoins. As a lot of people are saying that save as much bitcoin as you can.
So that you can have secure earnings as the halving comes.

sobsitesearch

sr. member

Activity: 406

Merit: 250

Before im actively spending bitcoin but for now i just minimize it because i want to have more bitcoin during the halving and i do not know what will happen the price

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: Zooplus on July 02, 2016, 04:54:42 AM

Quote from: stromma44 on July 02, 2016, 04:04:09 AM

Quote from: boyptc on July 02, 2016, 02:58:54 AM

Quote from: mirakal on July 02, 2016, 01:40:52 AM

Quote from: Hatuferu on July 02, 2016, 12:59:21 AM

Quote from: Mvaporis1961 on July 01, 2016, 11:58:32 PM

Quote from: expert4knowledge on July 01, 2016, 02:18:45 PM

Quote from: bitdumper on June 29, 2016, 11:32:49 PM

i earn my coins regularly and keep spending it weekly. i just need my net packs so i spend it for them and if i earn a little extra then i invest than on smething but i dont store any coin

It is interesting that you are spending your coins and do not keep them at all! Maybe saving a bit of them is not bad!

Agree saving bitcoins is the best thing to do as of now because many users are also doing that and expecting for the price to rise also. So it is better if we store coins because we can make money by just holding and waiting for the big even to happen on this month.

That strategy works for investors who have patience in investing because you need to save your bitcoins for a longer period of time and it is natural in bitcoin the the price will go up and down and if you have weak hands you will be panic selling.

I agree, holding your coins in the long term is not that easy especially when the amount you are holding is not a free amount for you, some of us here invest an amount in bitcoins but expect great returns in a short period of time as we feel holding is boring especially when the trend is not going according to our prediction.

I agree, for me it is better to sacrifice first your attitude for being an active spender of bitcoin. Instead, save it for the upcoming halving or any price increase that is going to happen.

Hold it for halving to earn higher profits, spending is always good but not at this stage, as price will move up in coming days, and that would be the best time to spend.

It is good to spend especially when what you are spending is your profit alone and we can only realize that if we invest now and make profit in the short term after the halving, just sacrifice a little and gain good results when the price will hit to the moon again.

Investing in bicoin and spending both are different things, investing in bitcoin is always good as you can expect higher profits in long run, but spending now is something playing with profits.

Zooplus

legendary

Activity: 1106