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Topic: How to Spend Bitcoin? - page 4. (Read 1855 times)

legendary
Activity: 3374
Merit: 1922
Shuffle.com
June 17, 2020, 06:57:50 PM
#91
As far as my concern, Bitcoin isn't totally worth to use for Online Shopping. Might as well convert some cash and use it as a payment method. I do believe someday, Bitcoin is the future of money.
That depends on the product or service you're looking for imo it's worth to spend Bitcoin online now that a lot of merchants are accepting bitcoin. And there's always another option available thanks to a few crypto exchanges that lets you have a bitcoin debit card. With that said we could spend our bitcoins easily on most stores that only accept fiat and credit card payments.
newbie
Activity: 12
Merit: 0
June 17, 2020, 12:25:52 PM
#90
If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your credit card, online bank account or digital wallet you are used to. In an abstract sense, cryptocurrencies represent financial evolution which manifests itself in unique and tangible ways compared to fiat money.
sr. member
Activity: 2422
Merit: 264
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June 17, 2020, 12:03:48 PM
#89
I will never spending my Bitcoin on shopping. I'm here to gains.
My portfolio gets topped up for the long haul Bitcoin boom.
Shopping etc., I use cash, visa debit. As usual
I spend my $ 20 or $ 30 BTC on shopping. I would have had $ 200 had i held
So why should I spend my Bitcoin to shop?
newbie
Activity: 12
Merit: 0
June 17, 2020, 11:54:28 AM
#88
Before you can start figuring out how to spend your bitcoin more wisely, you first need to understand where your bitcoin is going. Make a budget and track both your income and your expenses. Once you know where your bitcoin is going, you can start looking for opportunities where it could be better spent.
hero member
Activity: 2828
Merit: 611
June 17, 2020, 09:57:21 AM
#87
I do know many places where I can spend my Bitcoin, but I haven’t for once had interest in spending my coins on anything.
I know lots of places and the first I got to know about is Overstock, and I do know that we can make use of Purse.io to make orders from Amazon, make payments in bitcoin and even get up to 15% plus discount, but I still never used my coins for any of these, because it has never been something that I am interested in. It’s cool but I’m still not interested, I just make normal transactions with my BTC and then save the ones I want to save as an investment for my retirement life.
full member
Activity: 1470
Merit: 148
June 17, 2020, 09:43:41 AM
#86
Investment was meant to be spent, bitcoin spending is recommended because that was the primary aim of Bitcoin creation and not hold all the whole life. Spending your bitcoin shopping online is one of the best anyone can give to bitcoin and not just holding the portfolios against years to come. I will do same with bitcoin here because I love using the digital currency to transact business online. For those who are holding bitcoin to eternity, that was not how bitcoin was meant for, it was for spending online or offline.
sr. member
Activity: 1918
Merit: 370
June 16, 2020, 11:09:12 AM
#85
Bank accounts are no longer necessary. No discrimination.  Cool
No, even if you can legally spend bitcoin anywhere and anytime, you still need to have a bank account to refill balance your bitcoin balance in wallet.
Bank account is still necessary, we are going to have a hard situation if we don't have any money in the bank and if we only have a cash. I feel uncomfortable when I have too much cash in my pocket, I feel like I'm obligated to spend it, that is a yikes for me I know, but honestly having a bank account to save your money is important these days. You can't spend bitcoin anytime you want, you would not like spend in undervalue.

So far I have not found a way how someone can buy bitcoin on the exchange or a bitcoin atm without a bank account.
I know there are some banks that offers this kind of money transfers, I'm not sure if it is on coinbase or in any other exchange but I'm pretty sure I've read somewhere that there are some.
newbie
Activity: 28
Merit: 0
June 16, 2020, 11:07:02 AM
#84
As far as my concern, Bitcoin isn't totally worth to use for Online Shopping. Might as well convert some cash and use it as a payment method. I do believe someday, Bitcoin is the future of money.
legendary
Activity: 2464
Merit: 2094
June 16, 2020, 10:54:08 AM
#83
Bank accounts are no longer necessary. No discrimination.  Cool
No, even if you can legally spend bitcoin anywhere and anytime, you still need to have a bank account to refill balance your bitcoin balance in wallet. So far I have not found a way how someone can buy bitcoin on the exchange or a bitcoin atm without a bank account.
member
Activity: 179
Merit: 16
June 16, 2020, 10:39:12 AM
#82
How to spend Bitcoin? Just as you would spend any other currency, to buy goods and services.

Decentralized markets such as the Virie Market https://www.virieproject.com/) make it possible for the average Joe to buy goods and services with Bitcoin and other cryptocurrencies legally.

Once people realize that transactions are cheaper, faster, and more secure with DEFI, it'll catch on and make life a hell of a lot better for billions of people. Bank accounts are no longer necessary. No discrimination.  Cool
sr. member
Activity: 1036
Merit: 294
June 16, 2020, 05:05:13 AM
#81
Hi Y’all,

I don't know how about you guys but I'm really bored being quarantined in my flat. So I did the “Best” thing possible. I started to shop online. I had some bitcoins left so I decided to spend them as well.

And it turned out that was an adventure in itself.  Roll Eyes
That was a nice experience, for sure. I also tried to do the best out of my quarantine life but unlike you, I didn't spend any bitcoins. It's because I do not have enough. I wasn't a part of any campaign during the last few months and it was my only source of btc. So my goal now is to increase my btc, hold it and spend when I deem necessary.


So I compiled my favorite options of spending bitcoins in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-spend-bitcoin/
This is a nice compilation. And it gives me some idea on how I should spend the bitcoins I will be able to earn from my campaign. As far as I know, there are already some online shopping platforms, and travel booking applications that accepts crypto currency such as bitcoin. That might be the number one on my list on how and where to spend my crypto.
jr. member
Activity: 210
Merit: 2
June 15, 2020, 06:20:13 PM
#80
Hello!We must admit that the world now is being high technology driven, and virtual transactions are now made anywhere...and its the best thing to do, esp.this time to stay safe from covid19. And in connection with that, we can use Bitcoin to purchase  different products online, in some selected stores like Amazon and Best Buy that accepts Bitcoin directly, we can also use it to purchase gift cards, and some people use it in mobile games and other apps, while the other use Bitcoin to donate in some charities without any hassle. So you see, Bitcoin is the most easiest way to manage purchases and other transactions online, but it can also be a great investment for us...we just need to learn more about it so life will be more easier for us now and in the future.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
June 15, 2020, 09:32:12 AM
#79
To be honest, I prefer to save the bitcoin that I have rather than spend it. Because bitcoin is for me the best investment to be able
to make a profit. If indeed I have to spend bitcoin, I prefer the traditional way to spend it. By converting the bitcoin that we have
into fiat, after that I just bought some of my needs.

Yeah investing money into bitcoin is one of the best you can ever make (If you have a good entry point), cause it's always just going upward and even though it's losing sometimes the chart have proven that no matter what, it will still pump!

And also, spending bitcoin literally is not a good move cause, it is going to eat more fees for the transaction! So the best way to spend it, is to convert it into fiat and spend your fiat! Easy as that and you will avoid all the fees when you are going to buy something using bitcoin.  Smiley
legendary
Activity: 2366
Merit: 2054
June 15, 2020, 12:49:28 AM
#78
I still don't see the point of spending Bitcoins. For me this is just a good investment.
If you don't have cash, only have Bitcoin on the pocket, pretty sure you will buy some food with It.

just that i havent seen any reliable platform to invest my bitcoin, and i will be very glad to know where i can 
Be careful do not to invest in the wrong place, you can see here a lot of Ponzi scheme investment. In your first sentence, having bitcoin on your wallet with your own private key is a good investment.

The most urgent issue for me is how to earn Bitcoin now.
Buy it on an exchange or earning faucet.
full member
Activity: 2520
Merit: 204
June 15, 2020, 12:14:14 AM
#77
We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments.

The beauty of this system, adoptions from several businesses are already existing. You can choose from all the available
channels or industries that you like to spend your btc.


We can buy various necessities online at home during quarantine. And there are many easy ways to spend money, but it is difficult to make money.

Indeed, you can pick from online services who accepts bitcoin as payment process, no need to transact using physical fiats.

You should spend it in a place where you know it will work.

This is very important, you should use your bitcoin to something that you are fully aware to avoid getting scammed.
sr. member
Activity: 1876
Merit: 318
June 14, 2020, 11:00:49 PM
#76
To be honest, I prefer to save the bitcoin that I have rather than spend it. Because bitcoin is for me the best investment to be able
to make a profit. If indeed I have to spend bitcoin, I prefer the traditional way to spend it. By converting the bitcoin that we have
into fiat, after that I just bought some of my needs.
hero member
Activity: 1750
Merit: 589
June 14, 2020, 05:59:26 PM
#75
Hi Y’all,

I don't know how about you guys but I'm really bored being quarantined in my flat. So I did the “Best” thing possible. I started to shop online. I had some bitcoins left so I decided to spend them as well.

And it turned out that was an adventure in itself.  Roll Eyes

So I compiled my favorite options of spending bitcoins in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-spend-bitcoin/

I’d like to turn this post the best one on the topic, so I’d appreciate some
recommendations as to what other spending methods I should add.

Thanks and see you around after this quarantine ends!


You do have clearly elaborated on how Bitcoin can be spent in many ways which are not already new since I think everyone already knows those common ways but it was really a big help specially for those who are new into having Bitcoin and wanted to use it for quite sometime at this stage of pandemic.

Your blog just shows on how Bitcoin can really work to be spent on many ways possible and that was really good. But still always remember that having Bitcoin is really like a privilege since it is already hard to obtain or earn by just doing campaign unless you are knowledgeable on trading or have money to buy or invest to have Bitcoin by that way. The point is that do not just focus on how you can spend your Bitcoin, still do also think about how you can obtain more because it is valuable and you can use it on a more important matter. Learn to balance the spending and at the same time earning so you can stabilize having Bitcoin specially now that it is hard to be acquired.
legendary
Activity: 2912
Merit: 1068
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June 14, 2020, 02:30:42 PM
#74
Im not sure that right now is a good time to spend btc unless you full in. Im just hodling everything in my ownr wallet (safer than exchanges) and just waiting for new ATHs. You shouldnt spend your btc for ordinary purchases

It's always good time to spend Bitcoin, why not. People have different reasons and different motives and not all are just Bitcoin holders. Also, some people have constant source of Bitcoin profit or earnings so they like to spend it.
I beleive that Bitcoin was created for some practical use and purpose, like spending is, not only as an investment or to be kept in some wallet indefinetely. So, from my perspective spending Bitcoin is good and that shows its use in real world.
jr. member
Activity: 45
Merit: 1
June 14, 2020, 01:59:04 PM
#73
Honestly, I wouldn't spend any Bitcoin rn. Even though I know that this can slow down the adoption (for example, the less you ask merchants if they accept Bitcoin, the less they have a need to establishing BTC payments in the first place), I think of Bitcoin as an asset of future. For now I only hodl
jr. member
Activity: 65
Merit: 2
June 14, 2020, 11:50:52 AM
#72
The most urgent issue for me is how to earn Bitcoin now. I can't understand people who are spending Bitcoins right now. Do you really need all this silly stuff? I don't think so, it's better to have some extra money amid the pandemic.
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