Spending Bitcoins - page 11. | Bitcointalksearch.org

Rebisco

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Quote from: bitkilo on April 11, 2016, 04:31:58 AM

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

I know that spending bitcoins is not good because the price of the bitcoin is becoming more valuable. There is really a time that we will spend our bitcoins. I am spending my bitcoins because it is only my source of income.

a7goo

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I think that due to the high volatility, it is not advisable to buy goods or services in bitcon. In practice you could find yourself buying a sandwich today at 0.001 btc and find out in a few years that with the same amount you could go out to dinner for two person

Budugbass

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If the country really has been legalized bitcoin, i believe more and more people are spending bitcoins directly for a various purposes. Of course it depends on the country where we live, if it's already legal.. bitcoin transactions activities to buying anything that or including shopping online, would be done among a lot of people.
I'm personally honestly.. so far i haven't spending bitcoin to buy something (online) or to buy other crypto coins, i just selling it to local currency then spending it, due the country hasn't legalized bitcoin as a legitimate currency, it's still a digital currency which still has some consideration of the country's concerns about this currency.

amzadabir

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Bitcoin is going out day by day. Bitcoin can not be purchased directly from any essential commodity. Even if not sold directly with a bitecake, everyone can understand Bitakaye. Bitcoin can not be touched. If there were skaccards for the use of potato, then it would have been better.

josephpogi

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Quote from: bitkilo on April 11, 2016, 04:31:58 AM

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Since we are working to the bitcoin and We get bigger money through it. All we need to do is be wise , spend money wisely . First spend it to the things that you really need not just thing s you want. Then have business and save some of it for emergency purposes.

joms07

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Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol and proof of work is substituted for a central authority. This means bitcoin has special properties not shared by centralized systems

Lubang Bawah

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Quote from: mstfprcn on February 12, 2018, 02:22:16 AM

Since bitcoin its money and we can exchange it anywhere at the daily rates i dont see any problem spending some of my bitcoin into something i do wanna to buy, one day i dream i will be able to purchase directly with bitcoins but while those doesnt happen i am happy to exchange into fiat.

I think it does not matter if bitcoins can not be used directly, as long as there are exchanges then it does not matter, and we must admit that the presence of exchanges also helps to increase users as they campaign in various media to introduce bitcoin.

mstfprcn

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Since bitcoin its money and we can exchange it anywhere at the daily rates i dont see any problem spending some of my bitcoin into something i do wanna to buy, one day i dream i will be able to purchase directly with bitcoins but while those doesnt happen i am happy to exchange into fiat.

JRoa

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Quote from: bitkilo on April 11, 2016, 04:31:58 AM

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

I am only spending my bitcoins if I experience financial problems. I don't like spending bitcoins but there is really a time that I need to spend my bitcoins. I really doing a way to save bitcoins for me to have bright future.

thisappointed

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Quote from: meliodas on February 12, 2018, 12:03:41 AM

Quote from: bitkilo on April 11, 2016, 04:31:58 AM

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Bitcoin has provided me easier ways to transact and converting coins to fiat. However, in the current situation of bitcoin , it is really hard to spend too much bitcoin because of it's very low value. I think iy is wiser to spend it during the strike high of it's value for it is better to hold bitcoin that we have now.

You got it all right. Spending bitcoins in a very unwise way will backfire on you once the bitcoin's price would reach another All Time High, spending bitcoins on the things that we are using everyday like food, clothes, paying bills and so on, it is not worth it, why? because that is throwing away the profits that we could have if we are going to hold it since the price is too low.

It would be more wise if we are going to borrow some money to spend on our everyday needs, hold bitcoin and sell it when its price skyrocket again then pay the money that you have borrowed.

freedomgo

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Quote from: carlisle1 on February 12, 2018, 01:00:02 AM

Quote from: Jraf95 on January 02, 2018, 12:51:29 AM

Quote from: Canday on October 15, 2017, 10:53:23 AM

Properly, I'm sorry . I haven't devote my bitcoin however as I planned to hold it and take into account as my lengthy time period investment and financial savings.I will spend my bitcoin of training course, but in time when I go vacation to country that currently has assist bitcoin payment everywhere.For now, not a lot of options exactly where I am heading to purchase or commit my bitcoin alternatively of convert into fiat money which I won't do yet without an urgent situation.

Well for me in terms of spendibg bitcoin is good but its more better if we used bitcoin to trade some so that it makes more higher value then half would spend if in need so that in future we have our savings.

intend to disagree how come spending bitcoin is good?you know how important bitcoin to stay in your wallet because in that case it would earn?the capital if lucky can be double,if you want to invest in trading buy altcoin bitcoin is not applicable in daytrading while the price. Really high and the movement is too slow,

You can buy and spend bitcoin, that's very simple, there is a big difference between spending and investing because bitcoin can be treated both.
When there are spenders it will benefit us investors because the value will increase due to the demand created.

carlisle1

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Quote from: Jraf95 on January 02, 2018, 12:51:29 AM

Quote from: Canday on October 15, 2017, 10:53:23 AM

Properly, I'm sorry . I haven't devote my bitcoin however as I planned to hold it and take into account as my lengthy time period investment and financial savings.I will spend my bitcoin of training course, but in time when I go vacation to country that currently has assist bitcoin payment everywhere.For now, not a lot of options exactly where I am heading to purchase or commit my bitcoin alternatively of convert into fiat money which I won't do yet without an urgent situation.

Well for me in terms of spendibg bitcoin is good but its more better if we used bitcoin to trade some so that it makes more higher value then half would spend if in need so that in future we have our savings.

intend to disagree how come spending bitcoin is good?you know how important bitcoin to stay in your wallet because in that case it would earn?the capital if lucky can be double,if you want to invest in trading buy altcoin bitcoin is not applicable in daytrading while the price. Really high and the movement is too slow,

Maslate

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Quote from: BarbusseH on February 11, 2018, 09:07:20 PM

The high price of transactions severely limits the widespread use of bitcoins to pay for inexpensive purchases or services.

This is something to be address and I believe this will not be a long term problem.
Been spending bitcoin online paying huge transaction fee but that is fine with me because I normally do not do micro transactions,
however you are right that in order for bitcoin to be widely used, it should satisfy the majority of people.

bozo333

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Bitcoin is easy to exchange any country currency and bitcoin will be send any country people for the bitcoin address. But you will know the trading and transaction proces. Know most shopping is not accept the bitcoin. So you will not use the bitcoin any where. It time to change the prices. If send the bitcoin to other address you will check the address then you will send it. If send the bitcoin in wrong address you can not easy to find where to send. So before you use bitcoin you learn the bitcoin process information and trading.

meliodas

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Quote from: bitkilo on April 11, 2016, 04:31:58 AM

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Bitcoin has provided me easier ways to transact and converting coins to fiat. However, in the current situation of bitcoin , it is really hard to spend too much bitcoin because of it's very low value. I think iy is wiser to spend it during the strike high of it's value for it is better to hold bitcoin that we have now.

BarbusseH

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The high price of transactions severely limits the widespread use of bitcoins to pay for inexpensive purchases or services.

bib24

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Personally I haven't spend my bitcoin yet, I just let it rest on my wallet for time being. But these are the common ways to spend it, used it trough online purchase but in a limited way only since their are only few shops accept bitcoin payment, and if you change your bitcoin to fiat currency then you can spend it anytime anywhere.

warr1979

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Quote from: AnonBitCoiner on January 31, 2018, 10:37:08 AM

Quote from: kingragnar on January 31, 2018, 10:28:33 AM

Quote from: BrockHunter on April 11, 2016, 06:42:38 AM

There are people who spend bitcoins at stores or at gambling sites but I never do that. I only use Bitcoin to save my money and to make some extra money at the same time.

Me too i use my bitcoin to make more some extra money. There are many good ways to use bitcoin when it's just dipped in the holder of how it is used. if he is going to bet it on the gambling sites he has. But for me. it's best to save your bitcoin earnings for your future

Instead of wasting your bitcoin in gambling sites,you can save it for your future.Since the price of Bitcoin is raised rapidly with respect to time.The saving bitcoin will gives you double or triple of dollars as compared to today's price.If you got 1000$ with today holding means,you will get 2000$ by just holding it for six months.

What's the reason make you can be sure 6 months enough to double your investment in Bitcoin?
Honestly, if you know this profit, did you take loan from anywhere?
Because you can be sure you will double your investment within 6 months while many experienced trader can't do that! Wink

bitkilo

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Quote from: amaydel on January 31, 2018, 08:42:12 AM

Quote from: MairaObergh on January 02, 2018, 01:18:37 AM

It's getting difficult to use bitcoin. I wanted to send Bitcoins from one exchange to my wallet and it costs around $20.

I have also a chunk of bitcoin in major exchange bug i just leave it there because of the high transaction that may cost me half of my btc's value if i cash it out. Instead of spending it, i just keep it there with hopes that the days of low transaction fee will come back again.

I haven't revisited this thread in a long time, and oh how so much has changed in less than 2 years since i created this thread.
Interesting reading some of the replies.

As i started in my OP i used to use BTC to pay for everything, hardly needed fiat anymore. Well that still is the case with fiat but 1 small change with bitcoin, i no longer use BTC due to the high fees but luckily i can still do all i need to with Bitcoin Cash (BCH) except i pay almost nothing in transaction fees, reminds me of the good old day of bitcoin.

AnonBitCoiner

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Quote from: kingragnar on January 31, 2018, 10:28:33 AM

Quote from: BrockHunter on April 11, 2016, 06:42:38 AM

There are people who spend bitcoins at stores or at gambling sites but I never do that. I only use Bitcoin to save my money and to make some extra money at the same time.

Me too i use my bitcoin to make more some extra money. There are many good ways to use bitcoin when it's just dipped in the holder of how it is used. if he is going to bet it on the gambling sites he has. But for me. it's best to save your bitcoin earnings for your future

Instead of wasting your bitcoin in gambling sites,you can save it for your future.Since the price of Bitcoin is raised rapidly with respect to time.The saving bitcoin will gives you double or triple of dollars as compared to today's price.If you got 1000$ with today holding means,you will get 2000$ by just holding it for six months.

Topic: Spending Bitcoins - page 11. (Read 101106 times)