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Topic: How to Spend Bitcoin? - page 5. (Read 1855 times)

copper member
Activity: 122
Merit: 1
Dsdaq -  One Bitcoin, Trade all assets
June 14, 2020, 10:32:52 AM
#71
There is new use case for #Bitcoin. You can make use of Bitcoin, Ethereum and other stable cryptocurrencies as collateral to invest in regular financial assets like Oil, Gold, Tesla and Google stocks.

You can put 1 Bitcoin can exchange $7000 to invest in Tesla! if You put leverage, you can use 10X leverage on Tesla

  Wink Wink
newbie
Activity: 51
Merit: 0
June 14, 2020, 07:55:59 AM
#70
having bitcoin in your wallet is like a life investment, shopping with bitcoin is one of the core reasons bitcoin was created, so now depends on your choice of using it, unlike mine intentions of dealing with bitcoin is to trade, hold and investing 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 
full member
Activity: 715
Merit: 101
June 14, 2020, 07:31:47 AM
#69
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
newbie
Activity: 30
Merit: 0
June 14, 2020, 07:09:50 AM
#68
I still don't see the point of spending Bitcoins. For me this is just a good investment.
member
Activity: 224
Merit: 16
June 14, 2020, 05:08:56 AM
#67
Spending bitcoin is just a personal matter. It depends upon needs. You have spent as per your needs. I may not have necessary to spend for the same reason. Besides, many people hold bitcoin for making investment and trading. They don't want to spend for purchasing. So, this matter varies from person to person.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
June 14, 2020, 03:04:01 AM
#66
We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. 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. You should spend it in a place where you know it will work.

The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins. In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.
I feel you. Also in my country, many merchants doesn't accept Bitcoin as a mode of payment.

What I'm doing when I need to pay some bills or buy some things using my Bitcoin is that I will convert my Bitcoin into our own currency and that is what I'm using to buy things online. BTC to Fiat conversion is what I'm doing. Now Binance has added a crypto to fiat transaction and it also has 0 fees so for me, it would be more convenient to transact and convert my Bitcoin there because in the App that I'm using for conversion the fee is high unlike in Binance which has 0 fee.
member
Activity: 980
Merit: 62
June 14, 2020, 02:25:39 AM
#65
There are so many ways of spending BTC so many that if you yet don't know how after being in the cryptocurrency space for a while then that's not a good sign. BTC nowadays can be spent in stores in some place though most of the transaction happen in online stores. For instance you could convert BTC into different types of gift cards and that's a good way to spend it, ot by paying for services straight up. 

Wise spending of your bitcoin will really make you more effective in manipulating it in the market. If you know when to spend your bitcoins, then you also have a good timing in making transactions with that. BTC nowadays are really essential because the use of fiat currency or physical money is not the best option as a payment. Some people are using bitcoin in many transactions, because it is much safer, we all know that.

The point is that BTC is spendable.

This is true, but you should consider a lot of things before spending it. Bitcoin is not that easy to save and grow so you should spend it into more valuable things that you will really need and benefit as you have it.

Not easy to grow?
What do you mean exactly? There are so many ways and incentives that push you to hodl your Bitcoins. They exponentially grow in value and in volume with so many activities such as hodling, trading, investing in projects etc. There is not mandatory to spend them immediately.
legendary
Activity: 1974
Merit: 1150
June 14, 2020, 02:01:00 AM
#64
The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins.
Exactly, there are restrictions on the function of bitcoin as a currency in a country that still prohibits its use as a legal payment tool.

In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.
For that reason I dont think that there is a physical store that can accept it as a means of payment because it is strictly prohibited. So far only in online stores. But you will also get the bitcoin function if you exchange fiat first before shopping at a physical store.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
June 14, 2020, 01:38:27 AM
#63
There are so many ways of spending BTC so many that if you yet don't know how after being in the cryptocurrency space for a while then that's not a good sign. BTC nowadays can be spent in stores in some place though most of the transaction happen in online stores. For instance you could convert BTC into different types of gift cards and that's a good way to spend it, ot by paying for services straight up. 

Wise spending of your bitcoin will really make you more effective in manipulating it in the market. If you know when to spend your bitcoins, then you also have a good timing in making transactions with that. BTC nowadays are really essential because the use of fiat currency or physical money is not the best option as a payment. Some people are using bitcoin in many transactions, because it is much safer, we all know that.

The point is that BTC is spendable.

This is true, but you should consider a lot of things before spending it. Bitcoin is not that easy to save and grow so you should spend it into more valuable things that you will really need and benefit as you have it.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
June 13, 2020, 11:55:36 PM
#62
We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. 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. You should spend it in a place where you know it will work.

The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins. In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.
sr. member
Activity: 1008
Merit: 250
June 13, 2020, 10:21:48 PM
#61
We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. 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. You should spend it in a place where you know it will work.
full member
Activity: 952
Merit: 107
June 13, 2020, 10:02:06 PM
#60
Well, in my opinion, spending bitcoin in an online shop is not profitable and can be wasted your money. As you can see, most of the item which can be purchased by bitcoin usually has a higher price than those originals store or even Amazon. If I were you, I would exchange my crypto to Fiat to have a better rate and cheap prices. However, I will never do that. I always consider bitcoin as a term of investment and therefore, spending bitcoin is not a good idea to me. Instead, saving bitcoin is my number one target. The more bitcoin I have, the more chance I will double my capital in the future. Therefore, be wise and think straight before trying to use any of your bitcoin for nonsense stuff Wink
I agree with that. Spending bitcoin in unnecessary things is not good idea especially that now where bitcoin has low value in the market which can gain higher in the future. For me it is better to invest or trade it for the mean time and for the time like this pandemic we should spend wisely. Spend on everything you need but make sure that it is on fiat because it is more expensive to use bitcoin to purchase on some stores.
sr. member
Activity: 906
Merit: 263
June 13, 2020, 07:30:54 PM
#59
Wow. That is a very good article and lots of effort. The website is nice and I like that it is spaced out so well and everything looks nice to look at. No strain on the eyes or anything like that. Feels high quality.
You might want to add that you can top up your Payeer and WebMoney account. Both of which are used on many websites. Mostly for European users, I believe. More and more places accept it every day it's great.
newbie
Activity: 6
Merit: 0
June 13, 2020, 03:06:31 PM
#58
Bitcoins can be used as an alternative form of payment so buying products online can be a option. For time being the price of bitcoin is not much higher that's why people who owns BTC are not willing to spend but want to keep them for longer period so they can earn colossal amount. Moreover if we will not adopt BTC as a mean of payments it will eventually disappear.
sr. member
Activity: 980
Merit: 260
June 13, 2020, 11:07:29 AM
#57
There are so many ways of spending BTC so many that if you yet don't know how after being in the cryptocurrency space for a while then that's not a good sign. BTC nowadays can be spent in stores in some place though most of the transaction happen in online stores. For instance you could convert BTC into different types of gift cards and that's a good way to spend it, ot by paying for services straight up. 

The point is that BTC is spendable.
legendary
Activity: 2814
Merit: 1192
June 13, 2020, 10:49:41 AM
#56
As a holder I prefer not to spend, but if I really have to I use Amazon or convert it to fiat money in places with no KYC.
If you're a privacy freak like me, make sure you don't expose all your whole wallet with a single payment. Make sure you have some coins set aside for expenses and a separate holder's stash.
When I saw the title I thought we'll be talking about ways to spend Bitcoin, which means convert it to goods and services, but the first one is
Quote
1. Send it to friends or family
This isn't really a way of spending that people should be taught about. Sending it to someone for free is the most basic thing you can do and if you were smart enough to buy it, you should also know hos to get rid of it.
member
Activity: 994
Merit: 11
Daxetoken.net
June 13, 2020, 08:18:59 AM
#55
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!

Spending all your bitcoins at this time with covid19 pandemic is a not a wise decision for my opinion. Mostly are jobless this time because of quarantine and there is no source of income. But those like us in the field of cryptocurrency are capable to earn through trading and investing. So,i think just spend an amount that you need to buy some essential need in your family and invest the rest.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
June 13, 2020, 07:46:15 AM
#54
There are a lot of ways that you can spend all of your bitcoin and some of these will help you. On bitcoin first, we have the investment if you want to make a lot of earning and wait for the right time to buy and sell all of bitcoin it depends on you one of the goals is to have a profit or earning. Next, we have gambling because it's easier to earn profit here but still, you need to have full skills and knowledge about gambling because it requires skills and luck to those the basic method to spending all of your money.

If you want to get a lot of stuff not just earning bitcoin you can use the bitcoin as a payment today there are a lot of stores and people support the use of p2p payment with the use of the bitcoin also if you want to spend that bitcoin to the store they are now accepting this which is good because we are now going to have a huge adaptation of using this coin which is more efficient and secured than the use of paper money which is one of the dirtiest things we have that came from different people.

full member
Activity: 1540
Merit: 219
June 13, 2020, 04:30:20 AM
#53
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!


This pandemic make the situation more worst and all the holding Fiat was reduced and people are forced to convert the bitcoin, the digital saving. So it's easy to spend holding bitcoin and only it's difficult to hold the bitcoin without selling. Everyone had their own style of selling bitcoin. Some will hold till the last breath and some sell and Enjoy his life.

If you still have spare amount of money to use for your necessities during lockdown, never spend your bitcoin. No matter what happens, as you can still have budget for this quarantine even though people aren't allowed to go to work, never use your bitcoin.

There are a lot of things that you need to consider before you use your bitcoins, because there's a possibility that you can lose a certain opportunity whenever the price of bitcoin goes up. Only spend it if it is really necessary that you experience struggle.
full member
Activity: 1190
Merit: 117
June 12, 2020, 06:03:28 PM
#52
In my opinion spending bitcoin in an online shop is not a bad thing, but pay attention to the items you will buy. I suggest buying
basic necessities in quarantine situations like now, but it is not easy to find an online shop that accepts payments with bitcoin.
I myself spend bitcoin by converting the bitcoin that I have into fiat on local exchanges, then I cash out to buy my daily needs.
But sometimes I also spend bitcoin on gambling online sites, just looking for fun. Because i feel bored already 3 months of silence
at home, because my country did a lockdown.
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