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Topic: Spending Bitcoins - page 12. (Read 101041 times)

hero member
Activity: 959
Merit: 500
January 31, 2018, 11:36:44 AM
I do not pay with bitcoin anymore. In case I really want to buy something withe a cryptocurrency, then I choose something different. And I do not think that this is bad for bitcoin. The mempool is full. When more people use bitcoin as a payment the mempool fills even more.
hero member
Activity: 994
Merit: 544
January 31, 2018, 11:33:23 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

It has always been the best thing to save bitcoin for our future.  But ofcourse if you need money then try to part some of your bitcoins.  Anyways we are earning bitcoins because we need money.  I never tried doing gambling but I guess it is not bad to have some fun sometimes.  Just sometimes.
full member
Activity: 294
Merit: 100
January 31, 2018, 11:28:33 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
full member
Activity: 168
Merit: 101
January 31, 2018, 11:03:01 AM
In our country their an only few stores accept the bitcoin, you just need to convert first to fiat to able to use it.  I'm not spending all my bitcoin.  Just a little bit portion of my bitcoin. I am spending to pay my loans and convert bitcoin to fiat to purchase my daily expenses. I save the big portion to if their case emergency.
hero member
Activity: 1302
Merit: 503
January 31, 2018, 10:59:19 AM
It's getting difficult to use bitcoin. I wanted to send Bitcoins from one exchange to my wallet and it costs around $20.

The transaction fee has reduced a lot recently. So you can transact bitcoin easily now. But there are many shops closed to bitcoin. So we need to do more to attract more retailers to accept bitcoin.
- Although the fee has decreased but it is still quite high, and the time to confirm still not improved too much, it makes spending Bitcoin is still difficult, inconvenient for users. In addition, the government always feels very anxious about economic issues when people use bitcoin, many countries have gradually banned the use of it as currency, that makes spending Bitcoin have more trouble with the law, and the value of bitcoin may still be higher, those are the reasons that I do not want to spend bitcoin in the moment
full member
Activity: 448
Merit: 100
DOMINIUM - Decentralised property platform
January 31, 2018, 09:42:12 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.
sr. member
Activity: 378
Merit: 250
January 31, 2018, 09:26:54 AM
Spending bitcoin is good as long as you know how to manage your money and bitcoin in a balance way but if you are just spending bitcoin without even thinking for the possible things that might happen then i don't think that is a good thing to tolerate and one thing for sure, you should be financially educated so you can avoid unnecessary spending.
sr. member
Activity: 584
Merit: 256
January 31, 2018, 09:15:55 AM
For me, Spending Bitcoin is not a wise decision. I think Bitcoin should be kept for the future purpose. I believe that Bitcoin will get a great price value in the future. so that saving Bitcoin would be a good idea rather than spending Bitcoin.
But if you want to spend Bitcoin then you will get a lot of platform for spending like airways, foods, restaurants and so on.
full member
Activity: 350
Merit: 100
January 31, 2018, 08:51:00 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.

You can pay for flights and hotels with bitcoin, through Expedia, CheapAir and Surf Air. If your ambitions are loftier, you can pay for space travel with some of your vast holdings, through Virgin Galactic.It give a lots of benefits when you are using bitcoin this bitcoin makes our life fastest and easiest .
full member
Activity: 227
Merit: 100
January 31, 2018, 08:46:59 AM
It's getting difficult to use bitcoin. I wanted to send Bitcoins from one exchange to my wallet and it costs around $20.

The transaction fee has reduced a lot recently. So you can transact bitcoin easily now. But there are many shops closed to bitcoin. So we need to do more to attract more retailers to accept bitcoin.
full member
Activity: 339
Merit: 102
The Exchange for EOS Community
January 17, 2018, 04:51:16 PM
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.

Just like you, even Bitcoin was really popular worldwide, still my country men do not even recognized it and make it as a strange thing to be too risky to be engaged into. They are thinking that Bitcoin was just like made too risky for them especially if they go into investing with it. Also, it was still new into their nature and do not even understand it fully. In addition to that, since many people are still not into Bitcoin, our government do not even generate such establishments that accept direct payment in terms of using Bitcoin as a term of payment.
full member
Activity: 202
Merit: 102
January 17, 2018, 04:43:48 PM
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.

I do not know if the country I am on right now accepting bitcoin to buy things  but if so...I am not spending my money to things that is not important even if its for my basic needs...because I do not need too  I have actual  job to sustain my daily basis and needs All I am doing to my bitcoins is to make extra income to support my family and to save more money for my much more important exepenses in the near of future..( it might be for my future children or for my dream house, car or even dream actual business..) well as I have always said..I consider bitcoining as my part time job..
hero member
Activity: 840
Merit: 500
Borderless for People, Frictionless for Banks
January 17, 2018, 04:32:30 PM
I think spending Bitcoin isn't necessary for now because the price of Bitcoin is low, and speding it at this moment is really expensive.

I think this depends on the people to decide whether to spend it or to hold it. Bitcoin is volatility so I think it is obvious to hold it and just use it when it pumps, but there are times that are inevitable when you need to spend some of it so you can pay something like an emergency maybe in school or maybe in your family.
Yes, for the investor, always has an amount for emergency case and help you keep your coin at low price.
Because if you need money when you can not sell your coin, just can sell at loss, do you think it is good for the journal of trader in the future?
hero member
Activity: 966
Merit: 501
January 03, 2018, 05:27:32 AM
I think spending Bitcoin isn't necessary for now because the price of Bitcoin is low, and speding it at this moment is really expensive.

I think this depends on the people to decide whether to spend it or to hold it. Bitcoin is volatility so I think it is obvious to hold it and just use it when it pumps, but there are times that are inevitable when you need to spend some of it so you can pay something like an emergency maybe in school or maybe in your family.
Spending bitcoins depends from person to person.Some people just waste their bitcoins to enjoy life.Some people save their bitcoins for future needs.Others invest some of their bitcoins in order to earn more profits.You can trade your bitcoins too.If you have some of them you can sell at when the prices are high and you can buy some bitcoins when the prices are low.You can also spend your bitcoins for day to day transactions too.You will not need any pocketmoney if you are earning bitcoins.
sr. member
Activity: 546
Merit: 257
January 02, 2018, 03:11:01 AM
I think spending Bitcoin isn't necessary for now because the price of Bitcoin is low, and speding it at this moment is really expensive.

I think this depends on the people to decide whether to spend it or to hold it. Bitcoin is volatility so I think it is obvious to hold it and just use it when it pumps, but there are times that are inevitable when you need to spend some of it so you can pay something like an emergency maybe in school or maybe in your family.
newbie
Activity: 2
Merit: 0
January 02, 2018, 02:48:15 AM
I think spending Bitcoin isn't necessary for now because the price of Bitcoin is low, and speding it at this moment is really expensive.
full member
Activity: 270
Merit: 103
January 02, 2018, 02:18:37 AM
It's getting difficult to use bitcoin. I wanted to send Bitcoins from one exchange to my wallet and it costs around $20.
member
Activity: 170
Merit: 46
January 02, 2018, 01:51:29 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.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
January 02, 2018, 01:38:37 AM
The problem is that you are using a proxy to buy your good/service. You basically pay in bitcoin and the company sells your bitcoin for cash straightaway. This is bad.

You want adoption, not high trade amount. Just imagine you buying a house with your bitcoin debit card. That's like... 2400 BTC! Imagine someone dumping that much BTC on the market. The bitcoin price is bound to crash. To be honest, you aren't helping the market.
I also think that bitcoin volatile price and value could be the number one factor that could affect the acceptance of bitcoin on transaction. I think most of people will still want to used fiat for more stable price in buying and selling goods. Yet the support of people could strengthen the system of bitcoin in terms of transaction that could have better and faster form of transactions.
What kind of support do you mean?
The problem is the transaction fee is very high in order to have a fast transaction and I think that is the main problem now, if people want to have
convenience in transacting online then maybe they have to use other coins which is fast and cheap.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
January 02, 2018, 12:24:55 AM
The problem is that you are using a proxy to buy your good/service. You basically pay in bitcoin and the company sells your bitcoin for cash straightaway. This is bad.

You want adoption, not high trade amount. Just imagine you buying a house with your bitcoin debit card. That's like... 2400 BTC! Imagine someone dumping that much BTC on the market. The bitcoin price is bound to crash. To be honest, you aren't helping the market.
I also think that bitcoin volatile price and value could be the number one factor that could affect the acceptance of bitcoin on transaction. I think most of people will still want to used fiat for more stable price in buying and selling goods. Yet the support of people could strengthen the system of bitcoin in terms of transaction that could have better and faster form of transactions.
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