I stll don't know what to do with my Bitcoins... - page 7.

sheldonnnn

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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 shops and restaurants do not accept Bitcoin in your country, then exchange Bitcoin for the national currency and then use it. Many people earn Bitcoin to use it for everyday needs not only for investment. But it would be much wiser to save it and wait for it to grow in price.

RayvenPierre

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You can always do trading or buy and sell if you want to gain profit right away and be able to use the money you make from bitcoin. Hodling and keeping the bitcoin is not a bad idea itself because it really is a good form of investment.

Victorycoin

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Quote from: newlone on October 01, 2017, 03:45:00 AM

Me too, can not count on BTC and wait for it to rise and get profit. I usually sell it over the weekend and get my money to pay for the daily living expenses.

That is understandable! Buy and Hodl actually is not all comers thing, it is best suited for bitcoiners with heavy wallets, but with not much trading knowledge, skills or time on their hands. For someone whose living expense comes from their earning online, Hodling should never be there choice because it is sure to make a mess of the whole effort. I think what's best for such a person would be learn to trade.

LFC_Bitcoin

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Quote from: BY_ATOM on September 30, 2017, 05:52:28 AM

) I consider bitcoin as a long-term investment funds. For the purpose of receiving benefits in the future) and I advise you to do so!

This ^^

Bitcoin has increased in value over time like very few other assets can. I suggest that people HODL their coins for a good few years, it might be one of the best things you ever do.

YuginKadoya

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Even if many in here are saying that they had so much they can do with their bitcoin, they can surely buy online products, a direct purchase in a qualify merchant, amazon, google play, ebay Etc.. it will always depend on the country you are at because there are certain country that doesn't have all the capabilities i engaging with a possible bitcoin transaction and poverty is very common in this kind of country.

millgates

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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?

You must be patient, the bitcoin adoption is stll low but keep increasing. It is because bitcoin is still new currency, you can buy a lot of things in popular website named amazon using bitcoin through purse. io, it allows users to save 15 percent or more on their amazon purchases. There are so many vendors that help bitcoin user to spend their bitcoin.

btc_angela

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Quote from: olubams on October 01, 2017, 03:53:05 AM

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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?

After reading several suggestions from others I think keeping it alone is doing something with it and its even much more valuable than spending it and in the long run you be the one that will enjoy it because by the time there is more freedom to spend in your country of residence which is what will happen eventually, you get you have much more than enough to spend at the time but I still feel you need to explore several opportunities that have been suggested.

Exactly. The OP should just saved it and not spend since he has no used for his bitcoin right now. He should be waiting for the perfect time that bitcoin has been universally accepted as mode of payment. Or he can do trading for sure. If I have a lot bitcoin I would save some and used the remaining to do trading. So at least you have given yourself to have more bitcoins in your wallet and later when its time to used it, you have so much that you can buy everything you want like clothes and even a house.

datodota002

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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?

for now yes you can't do much thing with bitcoin, in present day you just can use it to trade and investment, but in some place like bali you can buy something with your bitcoin because there are several restaurant in vali that accept bitcoin as payment method

StonedWolf

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There are infinitely of things that you could do with your bitcoin, that's why you have to think a million times before spending any fraction of them. Otherwise, if you have a significant amount of money, I think you should invest it in a profitable project. But if you have only a small amount you better try some gambling game in order to extend your wealth.

valentin68

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As all people here advised you, there is not so much to do with bitcoins. You can try to do some lending, to speculate it (buy other alt-coins) or to hold it until it will appreciate its value. You can also try and reload your phone or buy some other small favors, but this way you will be wasting your bitcoin. You can buy some gift cards for 10-20% their value at bitify and sell them for good money, then reinvest in bitcoin.

olubams

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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?

After reading several suggestions from others I think keeping it alone is doing something with it and its even much more valuable than spending it and in the long run you be the one that will enjoy it because by the time there is more freedom to spend in your country of residence which is what will happen eventually, you get you have much more than enough to spend at the time but I still feel you need to explore several opportunities that have been suggested.

Shreek

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you are still confused what to do with the bitcoin you have now? what makes you confused ,,,? should you know what to do ,, unless you are a beginner ,, but at least although your beginner should have a plan for what bitcoin you !!!

newlone

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Me too, can not count on BTC and wait for it to rise and get profit. I usually sell it over the weekend and get my money to pay for the daily living expenses.

crazyivan

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Exchange them for DMD Diamonds and let DMD stake profits for you. Lots of people choose hold option but this is something I do not like to see. Cause if we all hold, how is crypto going to grow. Let me know if you need more info.

severaldetails

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

I don't think there is much you should do.
Of course, when you are an experienced trader you always have the possibility to profit from the volatility of the altcoins.
But in case you are just an average bitcoin holder, bitcoin is your investment.
It should be cashed out in case you need the currency, but otherwise I would say it should stay untouched.

eann014

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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?

You are right, we can use fiat everywhere, but you can use bitcoin and convert it into fiat for you to use your bitcoin anywhere, but of course it will takes time for us to convert and wait for the confirmation. But I think it is also just fine for me. I am also not using bitcoin to pay rent, go to restaurants or buy clothes. First, I will convert it and then after that, I can use it anywhere I wanted. That's how bitcoin can be.

Carmen01

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Quote from: Mjuke on September 30, 2017, 05:50:05 AM

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 that is your problem i think the best you can do is save it then try to pay your bitcoin in some things here in bitcointalk forum then if your country didnt recognized this bitcoin in terms of buy and sell i think we have exchanger in every country so exchange first bitcoin to your own money then use it

arlinxoha

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I'm in trouble like you. I can not use my bitcoin anywhere. Because it is banned in our country. Anyway, I have been expanding my Bitcoin trade. And some of us we put in the motel. We all know that investment in bitcoin is very profitable. This greatly increases the value of it. So I suggest you keep Bitcoin in place. You are investing.

denny27

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Basically bitcoin is better known as a good investment medium in long term that can be profitable. I'm sure most peoples experience things like you for sure, in general and in all countries indeed there are still those who do not yet provide stores / restaurants and other who receive payments through bitcoin, and to my knowledge most peoples today mostly spending Bitcoin they have after them selling it first to local currency and then spending it as needed.

1l1l11ll1l

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actually you have many options in solving your problem. of course investment is the best option, because with that your asset value will increase, if you can choose a good ICO project, I think it will also be an advantage for you.

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