The fact that bitcoin and other crypto were treated by people as an investment and not a currency is the reason why most of us prefer to hold rather than spending it. Especially now that the value of bitcoin is slowly moving upward, its a chance to take profit once it reach your target price.
Though I want to hodl my bitcoin as much as possible, there are really times I cant refrain myself to cash out because of emergency. The good thing about this is the value of btc now already surpassed the amount I bought it before, thus I want to just hodl and see how far it will go.
Topic: I went to a bitcoin meetup Many people there had bitcoin, no-one actually use it - page 3. (Read 849 times)
June 25, 2019, 11:48:01 PM
June 25, 2019, 10:37:04 PM
I was confused when we talk about bitcoin function. In one side bitcoin still deserve to be use as payment system so as we can say it as global currency.
Each people will be easily to make a transaction although they are in the different country, there is no third party so they will make a transaction with an easy way.
But in the other side bitcoin can be use as an investment place which so far I can say it as promising place, you will get a wealth only for less then one month (such as the increasing price of bitcoin at this time $3200-$1000).
Those factor have been made me don't have a comfortable feeling when I had it, I have to use bitcoin as payment system in order to everyone know bitcoin can be use it and I have to hold my bitcoin because it's really promising to be hold.
Each people will be easily to make a transaction although they are in the different country, there is no third party so they will make a transaction with an easy way.
But in the other side bitcoin can be use as an investment place which so far I can say it as promising place, you will get a wealth only for less then one month (such as the increasing price of bitcoin at this time $3200-$1000).
Those factor have been made me don't have a comfortable feeling when I had it, I have to use bitcoin as payment system in order to everyone know bitcoin can be use it and I have to hold my bitcoin because it's really promising to be hold.
June 25, 2019, 10:30:10 PM
if I also often meet and gather with bitcoin users, bro. but most of the friends I know mostly use their bitcoin to buy altcoins for income.
because they have a principle if the assets they have are not rotated, there will be no income to meet their needs. so we always try our best to find income every day, bro.
because they have a principle if the assets they have are not rotated, there will be no income to meet their needs. so we always try our best to find income every day, bro.
June 25, 2019, 10:06:10 PM
I don't use BTC transactions because they are bit expensive compared to counterparts. Example, ethereum could make my transaction in 20cents when Bitcoin will need $2 and will take longer to get confirmed.
June 25, 2019, 08:54:07 PM
Lol calm down with your "propaganda" allegations. OP never claimed that "no one" in general spends bitcoin. It's just that merely 8 people from from a local bitcoin meetup aren't willing to spend them. Maybe try reading the topic fully first.
June 25, 2019, 04:08:48 PM
This sounds like propaganda.
Nothing stops anyone from buying stuff with bitcoin. If the there are online market where people can easily buy things with bitcoin, I bet 100% they will especially with the extra money from price increase. Who wouldn't want to spend the "free money"?
I have bought stuff with bitcoin several times even while the price was going up. In fact , I usually spend bitcoin when am happy with my "ROI".
The "no one spends bitcoin" argument is yet to be proven. Go get your data from marketplaces that accept bitcoin and not from conferences
Nothing stops anyone from buying stuff with bitcoin. If the there are online market where people can easily buy things with bitcoin, I bet 100% they will especially with the extra money from price increase. Who wouldn't want to spend the "free money"?
I have bought stuff with bitcoin several times even while the price was going up. In fact , I usually spend bitcoin when am happy with my "ROI".
The "no one spends bitcoin" argument is yet to be proven. Go get your data from marketplaces that accept bitcoin and not from conferences
June 25, 2019, 01:06:34 PM
It's quite a contradicting thought going in to a meet/convention about bitcoin and people would only talk about bitcoin's value, expected and current, and not really the development they can do as a community. The last few local conventions I have had at least talked about what possible things can we do with bitcoin, with most of them pledging to open their shops for bitcoin in the near future (with one bar already doing it somewhere in Makati). Right now, I'm still looking for places wherein I can use my bitcoins without the need for a third-party service like Bitpay to handle the conversion. The last one I encounter was in California, a chili sauce dealer and bought two 50mL habanero chili sauce with them back in 2017.
June 25, 2019, 12:51:34 PM
That's what I have been saying for a long time, no one uses bitcoin as a day-to-day currency and it's understandable. You don't really gain anything from it, you are paying fees, it's slow and it's accepted only in a few places. The volatility is also huge right now you would have to check literally every minute to see how much bitcoin you need to pay.
June 25, 2019, 12:17:00 PM
this is nothing new, in my place they only use bitcoin for investment. no one actually uses it for payment, or money transfers and more.
I once asked a few friends, "why don't you use bitcoin to pay for something". and they say, no one wants to accept bitcoin just to pay for food, snacks, or those that are under 5 $. it's too risky.
Well considering the fee and maybe the complicated regulation I kinda understand although I'm myself as a bitcoin user wspend my bitcoin on my monthly needs like giftcard and many more but if it's too low of a value in USD then I'd just ditch to use cash by withdrawing instead but if the fee is quite cheap I'd still use my BTC. I once asked a few friends, "why don't you use bitcoin to pay for something". and they say, no one wants to accept bitcoin just to pay for food, snacks, or those that are under 5 $. it's too risky.
June 25, 2019, 12:08:09 PM
I went to a bitcoin meetup in my town (I'm going every few weeks for almost 2 years)
Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
I didn’t knew such communities existed because many people are sceptical about revealing that they hodl bitcoins, so it’s good to know you met with other holders. Each and every person has different use for bitcoins in my case I tend to hold them for a while, and when I need to buy gadgets or trips I cash them out. It’s difficult to take a stand that holding is hurting bitcoins, because there’s no actual proof that bitcoin prices get effected if people only hodl.
June 25, 2019, 10:02:53 AM
this is nothing new, in my place they only use bitcoin for investment. no one actually uses it for payment, or money transfers and more.
I once asked a few friends, "why don't you use bitcoin to pay for something". and they say, no one wants to accept bitcoin just to pay for food, snacks, or those that are under 5 $. it's too risky.
I once asked a few friends, "why don't you use bitcoin to pay for something". and they say, no one wants to accept bitcoin just to pay for food, snacks, or those that are under 5 $. it's too risky.
June 25, 2019, 08:51:39 AM
Mine too still in my private wallet, i dont think to open it atleast until next all time high, i regularly buy it with 15% allocation from my salary. I want to make bitcoin my long term investment
June 25, 2019, 08:43:37 AM
I have my investments in BTC and sometimes I use to buy something that will give me more BTC 
But I never spent any BTC unless the stated above
Depends on the strategy of people
But I never spent any BTC unless the stated above
Depends on the strategy of people
June 25, 2019, 07:52:48 AM
I went to a bitcoin meetup in my town (I'm going every few weeks for almost 2 years)
Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
Are there bitcoin meetups so often? What about to share usually what is the subject of theme, do you actually discuss around blockchain technologies?Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
To move on your topic, in that proposal I would make some edits: Might worth double or might be reduced. Personally I am against holding money the way some people do because money has to be in circulation, this way economy develops, when you stop money and do nothing, how can economy grow?
June 25, 2019, 07:34:43 AM
Everyone bagging for maximum profit 
i love the patience and hope people are having in the Crypto Market !
i love the patience and hope people are having in the Crypto Market ! 
June 25, 2019, 07:32:34 AM
I went to a bitcoin meetup in my town (I'm going every few weeks for almost 2 years)
Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
I use my bitcoin in small transactions, and I don't mind spending it because I know i deserve to spend it and bitcoin is created to use it. The price is rising and it becomes an investment for someone, that his goal for sure and we can't force them to use bitcoin. I'm sure many here are using bitcoin into many things, and that's why the price keeps on going high. Because the market is rising now I somehow got into a talk with like 8 people about what they did recently or plan to do with their bitcoins.
All of them didn't touch their portfolio since the beginning of 2018
They didn't even use it for a small transaction.
there is a topic that always someone mentions and that's 'Why would I use bitcoin to buy something today when in two months from now my bitcoin might worth double'
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
June 25, 2019, 07:27:01 AM
It is a common mindset everywhere in the world! No one actually uses bitcoin, instead they are just adding to their hoardings! But if you think that it is only their mindset, then it's wrong as well! Unless and until you are living in Japan or Germany, you won't find a single place to spend your bitcoins!
You're completely wrong, many people use bitcoin as a means of payment, and Japan or Germany are no exceptions on the map of the world. I live in EU (not Germany), and I can buy any electronic equipment /device (TV, PC, mobile phone...), gold, even bakery products or I can do a haircut and pay direct with bitcoin. I use bitcoin on a weekly basis, not some big amounts, but still it is currency for me - In addition I think it is a very good way to store value.
If you search with basic keywords there is so many sites that will give you good info where to spend bitcoins.
https://cryptomaniaks.com/latest-cryptocurrency-news/where-can-i-spend-bitcoin
https://coinmap.org/#/world/43.32517768/48.51562500/2
https://99bitcoins.com/bitcoin/who-accepts/
June 25, 2019, 06:26:53 AM
I don't use my bitcoins as well and in some way, I think that the hodl approach is hurting us. I would like to know what the community here thinks.
Yes of course it is hurting the reason for the creation of Bitcoin if we all continue to hodl without making use if it as per peer2peer exchange. What gives a commodity its value is transaction. How would anyone know the value of Bitcoin if we don't put it out there on sale? Remember that the first transaction of Bitcoin was recorded with that 10,000btc exchange for pizza. Without that exchange it would've been impossible to record any transaction. So, dude free some Bitcoin and encourage mass adoption. 
June 25, 2019, 06:13:25 AM
I think it's evitable where people start thinking BTC purely as stored value, and the reality might just be it, you don't trade gold by pieces but through papers, so does BTC soon on exhanges one day. An asset with constant price growth deter almost all economically transactions and im think that's it for now. You can't stop it until it falls yet people still gulp it and store it for another pump. Along with increasing popular leasing for interest businesses, most of the BTCs would be cold stored forever
June 25, 2019, 05:42:23 AM
We all have different opinion on this topic some of us would agree to it and would rather hold it than to use it.
But there are some people who also wants it to be accepted as a regular currency to be used like a normal payment method to be accepted by everyone.
And how could we do it if there are more people who only see's it as an investment and wouldn't use it as a currency?
And if they also want to gain profit why not use it for trading instead of waiting for something ?
They could earn more if they do some short trades as long as they would do it properly.
But there are some people who also wants it to be accepted as a regular currency to be used like a normal payment method to be accepted by everyone.
And how could we do it if there are more people who only see's it as an investment and wouldn't use it as a currency?
And if they also want to gain profit why not use it for trading instead of waiting for something ?
They could earn more if they do some short trades as long as they would do it properly.
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