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Topic: Do you USE your BTC? - page 14. (Read 31021 times)

full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
November 20, 2017, 05:15:32 AM
I use bitcoin whenever I have it. I rarely store it because I need money and I convert my earned bitcoins into fiat so I can use them. However, I seldom earn bitcoins because I am waiting to have it on the right time. Waiting is alright especially if your expected salary will be given to you. Using bitcoin for my needs is essential.
member
Activity: 62
Merit: 10
November 20, 2017, 05:12:25 AM
I think it is the lack of acceptance in payments in different brick n mortar chains
full member
Activity: 368
Merit: 104
November 20, 2017, 05:10:53 AM
I agree that it's not really easy to use crypto in real life. However smart contracts can be the solution. Using apps like Mywish is as easy as regular online banking. You can send crypto to your family members and friends with no hassle Smiley
In regular life paper money is used and no shop is ready to accept bitcoin, but earning bitcoin is more easy than paper money and gives more chances to earned and secure our future. While it becomes a bit complicated to connect your coinbase account to bank account and cash out your bitcoin, in order to buy the necessities of life and enjoy the blessings of nature
jr. member
Activity: 39
Merit: 10
November 20, 2017, 04:41:05 AM
Right now. I think we should save them for invest.
hero member
Activity: 2702
Merit: 672
I don't request loans~
November 20, 2017, 04:34:53 AM
As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.
Nipe. I am waitinf for its value to be more expensive in the future and also, Bitcoin and other cryptocurrencies are not yet legal to my country as an official currency to be used on daily transactions such as buying things that I want. So the onky way to use it is to convert it first into fiat so it also means that I will sell it and I don't want to. I will wait for more years.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
November 20, 2017, 04:33:46 AM
I only use my bitcoins at the time of need, When there is an emergency or i need to use money to pay the  bills but out of that, I just keep on holding my coins because we all know that the rate of bitcoins is keep on increasing yearly.
full member
Activity: 1190
Merit: 111
November 20, 2017, 04:30:44 AM
i can use my bitcoin by paying my bills, electricity and waterbills, i can buy load for my cellphone and  ofcorse i can send money to my relatives using it , though bitcoin convert to a FIAT here in my country only have one app for that with high conversion fee.
member
Activity: 452
Merit: 13
HODL
November 20, 2017, 01:51:41 AM
As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.

Hi there bSpend! I feel great to be one of the 42.8% of people who occasionally sell or BTC. Those 27.9 % who hoard could be millionaire by now, lol. Anyway, I think that is the problem why companies who sell stuff or services online and even brick and mortar hesitate to accept cryptocurrency as payment. On the other hand, people who hold cryptocurrency always complain that they are hoarding because they hardly found a company that is accepting cryptocurrency. What a chicken and egg situation idiom. However, I hope that famous conglomerate company around the world follow the steps of Steam, Helen’s Pizza, Bitcoincoffee, 4chan and other who accept bitcoin as payment.   Wink
hero member
Activity: 1022
Merit: 503
November 20, 2017, 01:34:33 AM
Maybe because most of the people here are waiting for the price to increase. We think that spending it or converting it to fiats are a waste of opportunity to gain more profits.

Yeah this is true, we all want to hold as many as we can so when bitcoin takes off to the moon we can have a ride with it. But in reality, we're humans and sometimes shit happens like you need to spend or convert some and only bitcoin can help you then we don't have any choice than to do it.
Personally, I spend some when it's only necessary and when I'm doing trading as it can also help me to accumulate more bitcoin to hold and at least 10% of holdings is for trading.
full member
Activity: 224
Merit: 100
November 20, 2017, 01:17:35 AM
I user to use my btc to buy stuff. Not anymore right now its really not worth it. With the current transaction fees. It would work only if you are buying an item that costs a large amount of money and definitely not coffee. I have been thinking of buying cloud mining hash though but I am still doing some research as I'm skeptical of its profitability
sr. member
Activity: 2422
Merit: 357
November 20, 2017, 12:35:53 AM
Maybe because most of the people here are waiting for the price to increase. We think that spending it or converting it to fiats are a waste of opportunity to gain more profits.
member
Activity: 308
Merit: 10
November 20, 2017, 12:08:17 AM
As everyone knows one of the major problems with Bitcoin economy is hoarding. The idea of this poll is to find out whether the lack of spending in the BTC economy is mainly due to the lack of acceptance of Bitcoin payments, or is it that people can actually buy a good deal of stuff that they need with BTC but choose not to.
Nope i dont have any bitcoins for no but if i have. I will choose to hold it because i know that this is the right and smart desicion than spending your bitcoin to buy etc. But its okay to spend bitcoin to pay some bills if emergency needed.

member
Activity: 550
Merit: 10
November 19, 2017, 11:57:02 PM
i sometimes use my bitcoins to buy some online games and ship online but i do it sometimes because i cash it out and spend it to my family.
member
Activity: 334
Merit: 15
First 100% Liquid Stablecoin Backed by Gold
November 19, 2017, 11:28:54 PM
Strange question! I use btc for earning more btc)))
Trading is the bast way to do that, I also use my bitcoin to buy some altcoin then convert it back to bitcoin, sometimes I can get profit from it.
jr. member
Activity: 51
Merit: 10
November 19, 2017, 11:19:57 PM
Strange question! I use btc for earning more btc)))
newbie
Activity: 30
Merit: 0
November 19, 2017, 11:15:47 PM
I'm using my BTC regularly, exchanging to php. And then when i want to buy something i buy it. And also i pay some of our bills in our house.
sr. member
Activity: 602
Merit: 255
November 19, 2017, 11:15:16 PM
i only use bitcoin when i need it badly if not will hold in very long time because the price will change soon as possible because bitcoin is very famous now compare to other currency.
legendary
Activity: 1568
Merit: 1002
November 19, 2017, 11:12:56 PM
I buy something from the sale of bitcoin (do the first convert from bitcoin to fiat money) then buy something and instead from bitcoin. But most people say it is buying something using bitcoin. Bitcoin still does not have many places as a means of payment around the world, so we still find it difficult to find sellers who accept bitcoin as a means of payment.
newbie
Activity: 50
Merit: 0
November 19, 2017, 11:10:30 PM
i hope bitcoin can get back on where its suppose to be.. peer to peer and cheap and fast..

bonus is storage value..

please bitcoin hurry up!!
member
Activity: 68
Merit: 10
November 19, 2017, 11:08:50 PM
No, I do not use bitcoin on buying things, I just use bitcoin to invest to make a profit.
I think buying things, needless to use bitcoin with an investor like me
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