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Topic: Spending Bitcoins - page 32. (Read 101106 times)

legendary
Activity: 1232
Merit: 1029
September 23, 2017, 07:16:05 AM
you only need card like crytopay.me or other ask plastic one to buy things by  bitcoins
Yes, it is not a big deal to spend your Bitcoins in order to buy the things you need. But I will not appreciate this idea of spending Bitcoins no matter what the circumstances are. Bitcoin is the most valuable thing and you need to make the best use of Bitcoin instead of just spending it. You need to think very much wisely.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
September 23, 2017, 12:57:52 AM
I am forced to spend some bitcoin sometimes because im usually 100% in btc
Yes the usage and spending bitcoin is a problem for many people, because of the worse and difficult process of payments. People may keep their bitcoins in their blockchain wallets just for the purpose of making and earning more and more money.

So I think that instead of spending, keeping the bitcoin is more profitable and useful. Spending may become easier in the coming years.
sr. member
Activity: 294
Merit: 252
September 22, 2017, 04:36:19 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.

In our country bitcoins is not been used yet in the market but there are few because only few know about bitcoins but slowly and slowly many got interest to know what is bitcoins. Bitcoins is very useful for me and so with others who know more and earn more with it.
sr. member
Activity: 553
Merit: 250
September 22, 2017, 04:21:37 AM
I hope someday can have bitcoin debit card and many available bitcoin ATM. In addition, malls or supermarkets soon receive bitcoin so I can use bitcoin more widely.
jr. member
Activity: 51
Merit: 10
September 22, 2017, 03:40:14 AM
you only need card like crytopay.me or other ask plastic one to buy things by  bitcoins
newbie
Activity: 21
Merit: 0
September 22, 2017, 02:53:29 AM
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin

Yes i agree with you bitcoin will increase his value in the future. Im now also saving bitcoins to sell them in the future. After a few years if bitcoins price is the same Im just going to sell them.

If you are lucky and you don't use your bitcoin to afford things after a few years bitcoin can maybe rise up to 10k dollars.
full member
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
September 22, 2017, 02:49:15 AM
Certainly of the many peoples who have bitcoin, have different ways to spending bitcoin and depends in the country he/she lives. Some countries may already have some companies that provide direct payments with bitcoin, but there are also countries that haven't yet provided some companies that provide direct payments with bitcoins. in the country / region i live i spending bitcoin can't directly use it to buying something like food, drinks, clothes, etc., I still have to selling bitcoin first into regular currency and then spending it.
hero member
Activity: 1148
Merit: 528
September 22, 2017, 01:51:59 AM
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
You do not understand that by such actions you do turn bitcoin into a huge bubble. You can spend a lifetime collecting coins and in old age to know that they do not give half of what you planned. Any currency must have a turnover. If people will use crypto currency in everyday life cannot be banned. Think about it.
I am very much with you about the fact that if we will keep using bitcoins for daily purposes, they will definitely increase in popularity making them more valuable. There is no need to waste money on other so called evergreen and profitable coins or assets like eth, companies etc.
sr. member
Activity: 574
Merit: 267
" Coindragon.com 30% Cash Back "
September 18, 2017, 09:13:31 AM
people mostly spend their bitcoins on digital goods. i think we have to see a wider variety of merchants accepting bitcoin payments. for example when i need to buy a new sofa, or maybe some furniture. would be great to use bitcoin as form of paymenr there.
I hope sp, but sadly, only few who accept bitcoin as a form of payment. Most of the time we need to convert our bitcoin first into fiat before we used it to buy things that we want. Me I spend my bitcoin to buy stuffs that I need in my life and for the financial needs of my family. I hope soon we can freely used bitcoin so that we dont need to convert it into fiat before we use it.
sr. member
Activity: 364
Merit: 256
September 18, 2017, 09:08:03 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.


We all know that bitcoin is still not popular in some other countries. So I think we cannot use bitcoin to pay our daily expenses. Because we all know that bitcoin is still digital currency so for us to use the value of bitcoin we need to convert in into real money. So I think one of the list why we cannot use the bitcoin for paying our expenses is because of it's high value and it's still digital. Many hackers are there to steal your money so it is still not safe to use bitcoin.
hero member
Activity: 2408
Merit: 584
September 18, 2017, 09:01:34 AM
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
Yes! True according to me the idea of spending your bitcoin is not good yet. It is good to hold your bitcoin and in some countries people don’t really know about bitcoin so it is not so common but in my country more people are now searching about bitcoin and they are trying to get into bitcoin so that the price of the bitcoin is increasing as the circle of the bitcoin in getting more and more high.
full member
Activity: 168
Merit: 100
September 16, 2017, 10:19:48 PM
I believe so that not all country does exercise the system of bitcoin. In my country we do not do so because most of the establishment here are accepting bills or currency, those business are also not accepting bitcoin but maybe if your are going to have it by person it depends upon if the person have bitcoin..

Its true not all country adapting this system. Maybe some the service accept it like online buying and selling goods. Like in my country bitcoin is not that popular. Only few people knows it.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
September 16, 2017, 08:15:50 PM
I think we must reduce our bitcoin spended as we can !
Because bitcoin value is multiplying day after day and every spend is a lost of Money.
I agree to that. We must decrease or reduce the spending habits that we developed in bitcoin because it will not help us to save more bitcoin and earn a lot of money in the future because of the bad spending habits and instead of spending bitcoin why just spend fiat money and don't always rush things to enjoy your profit in bitcoin.
legendary
Activity: 1190
Merit: 1002
September 16, 2017, 04:49:10 PM
Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.

That is the issue because many people are not yet understanding what bitcoin is and to use it. So spending it is a bit difficult but with time, it will get there   .

What you are telling is not fully correct, if their is shops nearby you where you can spend bitcoins and purchase it then they will surely start to use it bitcoins to spend and purchase goods. Only option is shops and other business should start accepting bitcoin payment.
sr. member
Activity: 2366
Merit: 332
September 16, 2017, 04:45:35 PM
Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.

That is the issue because many people are not yet understanding what bitcoin is and to use it. So spending it is a bit difficult but with time, it will get there   .
legendary
Activity: 1148
Merit: 1048
September 16, 2017, 11:52:44 AM
well, it depends on how you define "spend". if spend means make an outgoing transaction, then not spending has a huge opportunity cost. the entire world isnt bitcoin quite yet, its actually a very small pool of "users".

what if you converted your bitcoin into eth, and purchased into a promising ico that goes 2x? same with direct btc conversion to an altcoin that goes up in value. or even pulling all that newfound value of of cryptos and investing in a growth asset (im not referring to traditional financial assets, they dont experience that much percent growth typically). there are things other than bitcoin that make money, with a lot less risk. the reason why the profits are so grand here, is that this is about as risky as gambling. if you have been burned before, you will recognize this fact Smiley
full member
Activity: 322
Merit: 100
September 16, 2017, 11:33:31 AM
I think we must reduce our bitcoin spended as we can !
Because bitcoin value is multiplying day after day and every spend is a lost of Money.
full member
Activity: 434
Merit: 100
September 16, 2017, 10:06:07 AM
Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.
full member
Activity: 227
Merit: 100
September 16, 2017, 09:14:12 AM
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
You do not understand that by such actions you do turn bitcoin into a huge bubble. You can spend a lifetime collecting coins and in old age to know that they do not give half of what you planned. Any currency must have a turnover. If people will use crypto currency in everyday life cannot be banned. Think about it.

I agree with that. The Bitcoin's value comes from its usage. That is why I use bitcoin to buy things.
sr. member
Activity: 630
Merit: 272
September 16, 2017, 05:21:06 AM
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
You do not understand that by such actions you do turn bitcoin into a huge bubble. You can spend a lifetime collecting coins and in old age to know that they do not give half of what you planned. Any currency must have a turnover. If people will use crypto currency in everyday life cannot be banned. Think about it.
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