Don't spend bitcoin. Not now. - page 12.

kodtycoon

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Quote from: ice098 on October 29, 2019, 11:41:06 AM

Quote from: Ayiranorea on October 29, 2019, 11:12:53 AM

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

Yes, circulation is the main thing. If people will hoard and hoard bitcoin,it can affect the whole circulation of it. The demand will goes up while the supply is limited. We never know if it will make the price goes up or it wi goes deeply down. We need to spend bitcoin like any other coins and altcoins.

when many people want to get quick profits then it is also a circulation where demand and supply will continue to increase, and the use of bitcoin directly which can be an alternative to fiat payments is indeed still limited, but at least there are many platforms out there that accept bitcoin despite the unstable price. so why are we just holding because opportunities like this must be utilized as well as possible so that the growth of bitcoin will continue to happen

ice098

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Quote from: Ayiranorea on October 29, 2019, 11:12:53 AM

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

Yes, circulation is the main thing. If people will hoard and hoard bitcoin,it can affect the whole circulation of it. The demand will goes up while the supply is limited. We never know if it will make the price goes up or it wi goes deeply down. We need to spend bitcoin like any other coins and altcoins.

Ayiranorea

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Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

wildan88

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Quote from: AicecreaME on October 29, 2019, 10:14:41 AM

Quote from: EdenHazard on October 29, 2019, 09:36:24 AM

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

I don't get it, what is so regretful about spending your bitcoin on things that you are obligated to pay or buy, if you didn't spend that 0.15 bitcoin for your internet bill, would that make you happy? (your internet would be long gone by now), and you don't have to compare the prices of bitcoin before and its price right now, that doesn't make any sense at all.

It will only be regretful if you spend it on some bullshits and nonsense things that doesn't help you survive your everyday life in this world, just keep earning.

but indeed, I also sometimes feel regret when bitcoin price is below $1000, I spend a lot of bitcoin for something or needs, and that's right we just keep earning. I agree with right now, it's better not to spend bitcoin, because I'm sure in the next 1-2 years there will be surprises.

AicecreaME

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Quote from: EdenHazard on October 29, 2019, 09:36:24 AM

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

I don't get it, what is so regretful about spending your bitcoin on things that you are obligated to pay or buy, if you didn't spend that 0.15 bitcoin for your internet bill, would that make you happy? (your internet would be long gone by now), and you don't have to compare the prices of bitcoin before and its price right now, that doesn't make any sense at all.

It will only be regretful if you spend it on some bullshits and nonsense things that doesn't help you survive your everyday life in this world, just keep earning.

EdenHazard

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Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

Quote from: BartS on October 28, 2019, 11:23:02 PM

Quote from: ePesoInitiative on October 23, 2019, 07:37:25 PM

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You were close, the price of bitcoin increased something like 35% in a very short amount of time but since then it seems like the positive movement of bitcoin has stopped for some reason.

It is still not clear to me what will happen, if the price can close above 10k then we could see a huge FOMO forming but if this does not happen during the next weeks then it could be possible for the price to go down once again and for the market to turn bearish once more.

A lot of people thinks that the support level now at $8,000/$7,500 and the resistance at $10k/$11k ... doesn't makes sense for me , it's clearly a temporary pump as the china to support blockchain project was just a hype , mark my words.
No more skyrocketing overnight at least till next year. You guys need to lowering your expectations on this.

BartS

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Quote from: ePesoInitiative on October 23, 2019, 07:37:25 PM

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You were close, the price of bitcoin increased something like 35% in a very short amount of time but since then it seems like the positive movement of bitcoin has stopped for some reason.

It is still not clear to me what will happen, if the price can close above 10k then we could see a huge FOMO forming but if this does not happen during the next weeks then it could be possible for the price to go down once again and for the market to turn bearish once more.

Faysal Fahad

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Got your point; but it's very important to make the trend; I mean establishing the electronic money system by using BTC according to our personal need! If we all hold the BTC; that would be a silly!

bitzizzix

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Everything goes back to your plan, because bitcoin has only two choices in the long-term investment method to get big profits and in the short term to get small profits.
and I make long-term investments on the grounds that I will not consider the ups and downs of bitcoin before reaching the highest price, and besides that I can avoid worries when bitcoin is in a low price position and I will continue to hold it firmly.
and spending bitcoin when bitcoin goes up a bit for me means throwing away opportunities which in my opinion bitcoin is the best investment in the future that is far more profitable.

aysg76

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Quote from: ePesoInitiative on October 27, 2019, 01:01:57 PM

Quote from: ePesoInitiative on October 23, 2019, 07:37:25 PM

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

Are you regretting now? You probably sold your Bitcoin at $7,300 and in only one day, Bitcoin rebounded to $10,500. Currently the bitcoin price is around $9,700 and is expected to test $10,000 again. You can't spend Bitcoin.

When the value of coin is down many of the investors shift to panic selling due to various FUDs and that is biggest mistake to do in this market. Today BTC is around 9.7K$ and would easily get over 10K$ or even 11K$ in the coming days. So I don't consider it any wise in spending it now as that would only cause one feeling in the future and that is of regret...

ePesoInitiative

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Quote from: ePesoInitiative on October 23, 2019, 07:37:25 PM

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

Are you regretting now? You probably sold your Bitcoin at $7,300 and in only one day, Bitcoin rebounded to $10,500. Currently the bitcoin price is around $9,700 and is expected to test $10,000 again. You can't spend Bitcoin.

JC btc

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Quote from: Serco on October 27, 2019, 03:33:13 AM

Quote from: fiulpro on October 26, 2019, 03:51:54 PM

With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

holding bitcoin be the only choice for us.there is no other solution for us with our bitcoin in current moment.moreover yesterday bitcon price rise more thn 30percents.its look like be good sign for our patience so far.if we spend it when price start rising, i am sure we will very regret when its price reach previous highest price ever.wait little bit more and our patience will paid worthly.

It depends on a person preference if he would like to hold bitcoin now and hold for the future, or take the profit if he's doing trading and to add it on his capital. It really depends on a persons' strategy how he is going to maximize his time, money. There's nothing wrong in spending Bitcoin but we should also consider future, so hold some of it.

Webetcoins

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Quote from: k@suy on October 26, 2019, 09:05:43 AM

Quote from: ?? on ??

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

In my opinion, the main reason behind blunders made by holders is not lack of patience rather lack of knowledge. Thy do not understand the worth of what they hold and their decisions depend on what majority says about changes from time to time. It is important to trust your asset if you want to make huge money out of it and that is only possible if you have strong understanding of it.

btcanonymous666

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It's digital asset. It's gold in the web. You don't sell gold for buying some daily shits, so don't spend bitcoin, too. Just DCA.

Serco

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Quote from: fiulpro on October 26, 2019, 03:51:54 PM

With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

holding bitcoin be the only choice for us.there is no other solution for us with our bitcoin in current moment.moreover yesterday bitcon price rise more thn 30percents.its look like be good sign for our patience so far.if we spend it when price start rising, i am sure we will very regret when its price reach previous highest price ever.wait little bit more and our patience will paid worthly.

Edraket31

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Quote from: meliodas on October 26, 2019, 10:37:41 PM

In that case, it is best for the people who bought bitcoin to have another savings for their expenses so they will not have any problem in keeping their bitcoin for long term holding. Bitcoin is an awesome asset that we should not waste so it is best to have another set of budget and monitor our expenses to clearly see if we are following our plan according to our goal.

Yes, better to have 2 account, one for investing/holding and another one for expenses/cashing out so you can manager your fund wisely. Spending Bitcoin is good too, for as long as you will make sure you have at least some value of Bitcoin that you will hold as your way of investment. So, we can all benefit in the future when the price rises again.

meliodas

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Quote from: ?? on ??

Quote from: k@suy on October 26, 2019, 09:05:43 AM

Quote from: ?? on ??

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

We cant blame people for their decision if they will spend for a reason or not, they will just learn if they will experience seeing the pump without holding something in their wallet, even thought we did not know when the pump will happen we should be ready by holding even a little.

In that case, it is best for the people who bought bitcoin to have another savings for their expenses so they will not have any problem in keeping their bitcoin for long term holding. Bitcoin is an awesome asset that we should not waste so it is best to have another set of budget and monitor our expenses to clearly see if we are following our plan according to our goal.

fiulpro

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With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

k@suy

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Quote from: ?? on ??

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

Ejanend

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Quote from: qumatru on October 25, 2019, 11:01:12 AM

Quote from: ?? on ??

Quote from: Darooghe on October 22, 2019, 12:28:35 PM

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

No doubt spending bitcoin somewhere or even for the purpose of trade will make it more famous but if you ask me, the current time is not the right time to utilize bitcoin in any way. Everyone will suggest to not take such actions during dips. Moreover, nothing can make bitcoin’s value zero. I believe it is just a matter of time before bitcoin goes mainstream. Bitcoin is indeed a good coin.

People do trade with bitcoin on famous exchanges but this is rare since the coin if hard to collect and not easily possible for consumers to buy it with money. Instead of using it in trading, the best thing you can do with bitcoin is to simply hold it until and unless enters the pump phase and is generating amazing profits. Demand and supply law will never bring bitcoin to zero.

Bitcoin trading is one of the most beneficial and profitable profession that you would come across ever in your life. Trading itself is considered as the way of becoming rich. When done with world’s most potential and expensive digital asset, this profession becomes even more beneficial. Traders make money on daily basis as the volatility of bitcoin is very high. It provides a good opportunity to make money.

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