Topic: Spending Bitcoin These Days - page 2. (Read 1907 times)
Well if of us are gonna stuck the bitcoin here in our wallet then what is the purpose of earning bitcoin I meam you'll only need to spend what you need not what you want if you guys know what I mean bitcoin is something we should value while at the same time it is something that we invest upon om to help support our faily expenses and suppory our family and love one's needs.
HODL That's my strategy.
These days, more people invest bitcoin more by its increasingly worthwhile value
Many consider bitcoin as gold, buy it to reserve, wait for the price increase and then make profit
Many consider bitcoin as gold, buy it to reserve, wait for the price increase and then make profit
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
I doubt bitcoin will ever be used as a transaction medium. That's not the reason it has value. Because of high fees and lack of scalability it's looking nicely placed to be used only as a store of value.
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
Bitcoin is difficult to use when it comes to buying like merchants and so on. Bitcoin is not yet known in other countries. In other countries, it is not legal yet. Many also resist the bitcoin, so many have also tried to break or destroy it. But if bitcoin is legal in different parts of the country of the word? you can expect the stores can accept bitcoin where we can buy products or food.
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
You have good point for spending bitcoin. But dont you think why merchant will give you discount till 20% by paying via crypto??
I think it does not make sense. But if any merchant give that to its customer, its good for bitcoin users.
Bitcoin is only for investment, and it is not used to trade any commodities because bitcoin trading takes a few hours, even several days, with more coin than bitcoin to spend.
Actually I do not care whether they will give discount when pay with Bitcoins. Because I am not thinking about spending it now or even for the next 3 years. I am saving my Bitcoin and waiting it to pump more like reach $20,000 dollars before I sell a large portion of my Bitcoins. Currently mined was $16M and we only have $5M Bitcoin left before it reach its hard cap. So I guess it is better to buy more than spend more. Having discounts with those merchants will just encourage you to buy more. Making your Bitcoins even less.
As the marketplace accepting bitcoin people has got increased access to more services in exchange for bitcoin. Still people doesn't feel to spend bitcoin for those needs. It has been prioritized as an investment asset based on the growth happening with time. The same cannot be experienced anywhere else.
a thing I find hard to do, with purchases using bitcoin you will most likely lose money, everything we buy with bitcoin is not worth the price in general, because the transaction process is more expensive.
I guess because right now the demand of bitcoin is much greater than supply so its services for trading also asks for a more reasonable price compared to regular currency trading. This is because of bitcoins potential, now it is not for a daily use but soon when the number of bitcoins reach its cap then I think that would be the time that it will be more applicable for daily usage.
More and more merchants accepts cryptocurrency as payment. It has gone wide-spread. Spending it or saving it actually depends on the owners decision. A lot of cryptocurrency are now emerging and the originals are bitcoin. One of the best is Ethereum. You can check out more of it's information at www.propthereum.io
I still don't see bitcoin's appeal as a form of payment, at least under the current circumstances. Transactions are not instant, transaction fees are high, and given bitcoin's rising trend, people tend to rather save it for long term earnings instead of using it on a day-to-day basis. I think the infrastructure around bitcoin has to improve in order for it to be used as a mode of payment.
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
You're absolutely right. Whatever was the amount of bitcoin you have save it it still too soon to use it. I used to sell some of my bitcoin but not anymore. It's getting more rare since the sources are getting fewer. Working in this forum is not as easy as it used to be. Whenever bitcoin rises, signature campaigns become fewer. Keep stocking your bitcoin because in this coming years, it may reach a surprising price.
There are many services that accept paypal or bitcoin online payments and it is reduced by% of the total payment but it is impossible to pay for life payments because no one accepts it as a form of payment.
I can pay for something with Litecoin, Monero, Ethereum, most of popular altcoins. But I will not spend bitcoins because it has big comission and because better to save them sa long-term investments
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
This confuses the general public who think this is supposed to be used as a digital currency. I guess there needs to be more awareness of alternate coins that are better suited for daily transactions.
the most I do is spend bitcoin right now, it's impossible to do because I will not spend bitcoin like that and it should do very mature thinking.
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
You're absolutly right. Whatever was the amount of bitcoun you have save it it still too soon to use it. I used to sell some of my bitcoin but not anymore. It's getting more rare since the sources are getting fewer. Working in this forum is not as easy as it used to be. Whenever bitcoin rises, signature compaigns become fewer. Keep stocking your bitcoin because in this coming years, it may reach a surprising price.
I see more and more merchants accepting Bitcoin but I feel many are missing the point. I, along with the vast majority of you, hate spending my Bitcoin. The only reason I would spend Bitcoin is if I can get a 20%+ discount on an item or service that I would be purchasing anyway. This also assumes I can immediately purchase more BTC to cover what I spent. I have done this before for purchases on Purse, then buying the BTC right back on Coinbase. The headache alone is hardly worth it. So merchants! It's great that you accept BTC but give us a compelling reason to spend it at your establishment, otherwise we really don't care.
Given a choice spending fiat or bitcoin in a certain item then i would surely use fiat because I know that its value is inflationary while bitcoin is the opposite. This is why it is hard to spend bitcoin because we know that sometime in the future if the trend continues then the value of the item we will pay will have lesser bitcoin value and it seems that every satoshi counts. Besides, paying a small value item with bitcoin will become expensive because of the fees. As of now, I can't prevent converting my bitcoin to fiat because of some urgent needs but in the future, my goal is to invest it for long term.
Baseless condemnation of Bitcoin by public figures in the banking sector, such as JPMorgan CEO Jamie Dimon, has also triggered mainstream adoption of Bitcoin. A few months ago, Dimon described Bitcoin as a fraud and a bubble, while JPMorgan was fined for $2 bln for committing mortgage fraud, an actual fraudulent activity.
It was later discovered that JPMorgan traders and their clients invested in bitcoin after Dimon’s condemnation of Bitcoin, through the Nordic Nasdaq’s XBT Provider, a Bitcoin exchange-traded note (ETN).
Millennials are quickly understanding the lack of transparency and fraud that the finance industry represents, and shifting towards Bitcoin that is purely mathematical, systematic and decentralized.
It was later discovered that JPMorgan traders and their clients invested in bitcoin after Dimon’s condemnation of Bitcoin, through the Nordic Nasdaq’s XBT Provider, a Bitcoin exchange-traded note (ETN).
Millennials are quickly understanding the lack of transparency and fraud that the finance industry represents, and shifting towards Bitcoin that is purely mathematical, systematic and decentralized.
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