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Topic: How to Spend Bitcoin? - page 8. (Read 1861 times)

hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
May 27, 2020, 05:59:41 AM
#11
The article is informative for a newbie and just keep making informative articles like this. I'll spend bitcoin if I have to but likewise, I'm with those people who were saying that it's better to hold it for the moment. There is one thing that made me interested in how to spend my bitcoin and that's the gold part. I still don't have gold and that makes me want to diversify including into that asset. The details are unclear how to purchase one, I can think of having gold and the digital gold and that looks a win-win for me.
hero member
Activity: 3052
Merit: 651
May 27, 2020, 05:51:36 AM
#10
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...
We have our own our rights and responsibilities on where will we use and spend our bitcoins. But you are right that spending your bitcoins for online shopping is not worthy because it is a huge loss for you if you don't take the opportunity of maintaining your long term investment. But if you are in need of money you could sell your bitcoins to provide all of your necessities and pay your bills.

C'mon you guys.
Bitcoin is made that way.
Let it be. It should not be kept and be rotten on a wallet.
Spending is a good thing as long as you are happy with it.

As of the OP's recommendation thank you.
As of the opinion of where to spend it shopping, I don't really know coz I haven't done it yet.
But I do gamble it. If you prefer that kind of hobby, just to avoid boredom.
member
Activity: 112
Merit: 17
May 27, 2020, 05:26:14 AM
#9
HODL is the name of the game at the moment. You can spend it for random crap, but BTC is for the long rund and not for the quick buck .
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
May 27, 2020, 05:25:47 AM
#8
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

Let's just say some of us just want to increase the global usage of bitcoin as a peer-to-peer payment currency. Imagine if every single one of us is just holding bitcoin without spending it from time to time. Pretty much expect every single online store/service to stop accepting bitcoin payments. What happens to adoption then?
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
May 27, 2020, 05:22:11 AM
#7
Nice options for spending bitcoin OP, you forgot to list on ythe article used bitcoin for lending and trading the common used to spend it.

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...
That is an idea of an investor. Yes you are right but Satoshi's wanted the adoption of bitcoin that can be used for somethint OP has stated. Yeah bitcoin has a good value, but knowing it can be spend through shopping is one way to put adoption in place. You have a very close minded to such possibility. Since bitcoin is decentralized, feel free to hold your coins but dont expect other not to used it on something very interesting like these choices.
full member
Activity: 630
Merit: 130
May 27, 2020, 05:19:43 AM
#6
As an advise, its better to hold your bitcoins than spending it at the time, because we know that in the future bitcoin will worth a fortune.
But if it is for your necessities and needs during the quarantine period, I think it is an acceptable reason to spend them. Just spend them wisely.
legendary
Activity: 2632
Merit: 1239
May 27, 2020, 05:10:29 AM
#5
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

What you are saying totally doesn't match what Bitcoin was created for. It is a digital currency, "invented" to make decentralized transactions, with just small transactions fee. Just one strange thing - if it is decentralized or anonymous, how warranty will work if you do online shopping? Smiley

But what you are saying is that Bitcoin is an instrument to get income. It is not a security paper, it was not created for holding.

Imagine if Bitcoin is a car. You advice to go walking instead of driving and hold your car in a garage, because one day its value will be greater.


But the problem is that Bitcoin (in it's current state of development) isn't good enough to be used as a digital currency. It's fees can get too expensive to be used for microtransactions. I know that Satoshi intended Bitcoin to be a "peer-to-peer cash" but it needs improvement in order to become that.

And one more thing... You can't compare Bitcoin with a car because cars lose value over time and Bitcoin's value goes up and down over time.
legendary
Activity: 2492
Merit: 1215
May 27, 2020, 05:00:45 AM
#4
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

What you are saying totally doesn't match what Bitcoin was created for. It is a digital currency, "invented" to make decentralized transactions, with just small transactions fee. Just one strange thing - if it is decentralized or anonymous, how warranty will work if you do online shopping? Smiley

But what you are saying is that Bitcoin is an instrument to get income. It is not a security paper, it was not created for holding.

Imagine if Bitcoin is a car. You advice to go walking instead of driving and hold your car in a garage, because one day its value will be greater.
member
Activity: 1120
Merit: 68
May 27, 2020, 03:14:57 AM
#3
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...
We have our own our rights and responsibilities on where will we use and spend our bitcoins. But you are right that spending your bitcoins for online shopping is not worthy because it is a huge loss for you if you don't take the opportunity of maintaining your long term investment. But if you are in need of money you could sell your bitcoins to provide all of your necessities and pay your bills.
member
Activity: 980
Merit: 62
May 27, 2020, 02:59:33 AM
#2
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...
jr. member
Activity: 48
Merit: 10
May 27, 2020, 02:22:47 AM
#1
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!
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