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Topic: I stll don't know what to do with my Bitcoins... - page 4. (Read 3091 times)

hero member
Activity: 2408
Merit: 584
Right now the situation is true but eventually the scenario will happen. Bitcoin and other cryptocurrencies are the best generation currencies which will be used literally as Fiat.
You can be right but it is not applicable in all the situations. It is very important to hold your bitcoin for the long time because it will give you more profit then spending your bitcoin in the wrong and the untruth and the less profit of the site. It is very important o have the bitcoin and the other important thing is the patience so hold your bitcoin and wait for the long time to get the profit.
full member
Activity: 238
Merit: 100
It might surprise you to know it is good you dont know what to do with your btc. i will entreat you to just forget about the amount you are having and just keep the password safe. In a few years you will thank me because it is will be probable triple the amount you are keeping now. Pls dont forget your password all any account name you are holding because it is your gateway to riches i can guarantee you that for sure.
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
Soon Bitcoin will flood  online store and offline stores, if you dont have Bitcoin in few years to come you will be limited in your transaction,the cryptocurrency world is just creeping into the global sector with time you will be able to  use it as fiat
full member
Activity: 434
Merit: 100
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

No there are stores that are accepting bitcoins as a payment but there are only a few of them. But you can always exchange your bitcoins into a real money, into a fiat. Here in our country, we have a bank who highly accept bitcoins in exchange to a real money. And so I can buy thing that I wanted using bitcoins but if you see it, technically I converted it first into a real money before I can buy real things. But it is still came from bitcoins so I can say that bitcoins have a lot of benefits to me.
hero member
Activity: 896
Merit: 514
Well, i consider bitcoin as a long term invest which can give you a lot of money in the future. It's true that there's only few shops are accepting bitcoin because it's volatile. Shops are hesitant to accept it coz the price is up and down. But it is what it is. There's nothing much we can do about that. But you can still convert bitcoin into cash. So you can buy things that bitcoin can't. So it's not an issue to me since i can convert bitcoin into an immediate cash. But it'll be better if you keep your bitcoins for your future.
Yes, it's been given preference as an long term investment by large number of people who are into bitcoin. At the beginning level people doesn't know what to do with bitcoin. Once after exploring more, people will learn more about the the usage of bitcoin on different needs. When you find yourself blank of what to do further, it's good to just keep it safer.
There are well known stores who are accepting bitcoin like Amazon by the help of bitcoin you can buy from them buy sitting at home, using bitcoin on right place can give you benefits and keeping bitcoin is known as the best thing because it let you to secure profit whenever you want, and it will grow you revenue up to 100 person if you deal with it calmly.
full member
Activity: 840
Merit: 106
Buzz App - Spin wheel, farm rewards
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

if in the country you have not received bitcoin as a legitimate payment tool then you better melt your bitcoin to the currency in your country. in my country also have not received bitcoin as a valid payment tool, but I always thaw my bitcoin into money so I can use it.
full member
Activity: 294
Merit: 102
Is it seriously? just change it for local currency or one that if they accept for any transaction you want to make and keep the rest growing its value there, is it so difficult for you? Another thing that could make is a donation to me of your BTC since It doesn't affect me see increase my investment...
full member
Activity: 378
Merit: 102
You can use Bitcoin as an investment in ICO, of course it has a high risk. So first learn the ICO investment that you will follow. If ICO investment is successful then the profit is quite large.
full member
Activity: 182
Merit: 100
They say a thin line separates genius and madness.
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

well it depends on the country which you are from. I'm here in the Philippines and you cannot spend your btc easily that is why I first covert it to cash via coins.ph which converts btc into local currency of Philippine peso which I have many options to withdraw. So I recommend that you search first for a company that can convert btc into local currency so you can spend it on anything you like.
sr. member
Activity: 308
Merit: 267
We have different struggles in our country about the bitcoin. Your case is similar to me many people here in our country know what bitcoin is and it's value also many people are using bitcoin as their part time job as well as full time job, but many of the store here in our country doesn't accept bitcoin and doesn't know what bitcoin is the problem is that many people are still lack of knowledge.

But the difference is, in our country there's a wallet app that gives a service where in you can covert the bitcoin you have to your local currency so whenever i received my payment or profit there's two option it's either save it or withdraw it to my local currency.
legendary
Activity: 2954
Merit: 1153
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

Nope we all are facing that issue but i do not mind.  For me bitcoin is a long term investment and/or a great store of value if you wanted to keep your money for  a long time.  I believe time will come that Bitcoin will be use to buy goods in our local store.  We just need to have patience and wait for that thing to happen.  Meanwhile, we can  increase our stash while waiting by participating in Bitcoin trading and other ICO projects out there.
sr. member
Activity: 616
Merit: 252
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

Since I am earning bitcoin, I use it to pay my rent by converting it to fiat first since our landlord does not accept bitcoin and don't even know about it yet. Given the opportunity to not spend it, I would consider it purely as a digital asset and make it as a long term investment because I believe that it would have much more value in the future. If you don't know what to with your coins, you can try trading to increase the amount you have or you just hold it and wait for it to increase in value in the future.
sr. member
Activity: 952
Merit: 323
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

i am facing that problem in my country as well. but what's the problem if we exchange our bitcoin to fiat then use bitcoin to pay or buy something directly. actually in my opinion due to still unavailability of facilities to use bitcoin directly so why  not to exchange it first.  basically our money from bitcoin.  i assume it is the same as i use bitcoin to do buy or pay directly in physical stores, restaurants so on
hero member
Activity: 2590
Merit: 644
convert you bitcoin to cash when needed simple  Grin
But if he do not need then he do not have to convert them to cash because the price of bitcoin is now going to gamble increase with time and it is expected by many expert that the price of Bitcoin will increase to 10000 dollars in the next two months so if he will have them then he will double his money.
The price increase is not a gamble because gambling is different from investing because gambling is only a clueless game where you will not find out if you will be winning or not. The price of bitcoin is keep on rising despite of the dumps in the past days and it is really a good idea to just hold bitcoin rather than converting it into cash.
hero member
Activity: 672
Merit: 500
convert you bitcoin to cash when needed simple  Grin
But if he do not need then he do not have to convert them to cash because the price of bitcoin is now going to gamble increase with time and it is expected by many expert that the price of Bitcoin will increase to 10000 dollars in the next two months so if he will have them then he will double his money.
sr. member
Activity: 322
Merit: 253
Property1of1OU
I trying to buy this device called 'NeuG'  ... but I don't have North America Credit Card ... I'm on EU

https://www.fsf.org/blogs/gnu-press/neug-trng

is bitpay visa worth to have ?
legendary
Activity: 1666
Merit: 1001
Bitcoin is money even though you can't buy things in your country you still can buy stuff online, or you can convert it to Fiat and then buy the things you want, this is the solution for most of the people who own Bitcoin but there are still no local store that accepting bitcoin or you can go to Japan to used your Bitcoin, Japan had legalized Bitcoin so you can used it in a lot of stores
sr. member
Activity: 588
Merit: 253
Actually, beside of keeping it, you can spend it wherever you want. You can keep it to save for future, or you can use it in your daily expenses. Or you can do invest in bitcoins using your earned bitcoins. Maybe there are other users who experience struggle like this, and for me, you lack purpose of using bitcoins. You should aim a goal, or reach a target.
I suggest to keep bitcoin for at least a year again, then next year register in exchanger then you will know bitcoin. bitcoin is a very profitable thing that we deserve to be a top priority for income.
full member
Activity: 210
Merit: 100
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?
Well, why are you stressing so much? You can just exchange your bitcoin to fiat and pay rent, go to restaurants and do whatever you want. If you dont want you dont have to keep your bitcoins forever in the wallet. If you want money for the future than keep it another 10 years but if you dont have fiat that exchange it and have fun
full member
Activity: 308
Merit: 108
Actually, beside of keeping it, you can spend it wherever you want. You can keep it to save for future, or you can use it in your daily expenses. Or you can do invest in bitcoins using your earned bitcoins. Maybe there are other users who experience struggle like this, and for me, you lack purpose of using bitcoins. You should aim a goal, or reach a target.
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