Spending Bitcoins - page 35. | Bitcointalksearch.org

Sled

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Bitcoin- in bullish time

Quote from: bitkilo on April 15, 2017, 06:36:32 PM

Quote from: BunnyShibe on April 15, 2017, 05:46:31 PM

Quote from: richardsNY on April 15, 2017, 04:24:21 PM

Quote from: frowsiter on April 15, 2017, 02:18:42 PM

In my country people are crazy to buy bitcoins not to spend them. Actually everybody here is having thinking that they will buy them at lower price and will sell at higher rate to get profits. So I think we just need to change their thinking.

I do agree that people are using Bitcoin far more as an investment tool rather than a currency solution, but there is nothing at this point that can change that. Problem that people have with this is that when they spend let's say 1 BTC on something at the time the price is $1000, and the next few days the price goes up close to $1100 or even higher, it makes people badly regret them having spent their coin. It will most likely result in them never spending a single satoshi anymore.

actually the main problem is that the facilities of bitcoin are not available everywhere to be use as currency, therefore most of the people are using it as for investment and not as currency. but we are hopeful that in future we will be able to use bitcoin as currency for shopping and for so many other purposes.

Unless 0 confirmation transactions become safe in the future then spending bitcoins over the counter at any shop is not likely, a few already have it as a novelty idea but it's an online currency.

0 confirmation is impossible because most of the miners now make money by confirming different transactions. If bitcoin will not have a confirmation then there is no chance for bitcoin to stay longer because there is no miners that will support the market. Even bitcoins have a confirmation you can still spend it over the counter if they accept bitcoin.

bitkilo

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https://www.bitcoin.com/

Quote from: BunnyShibe on April 15, 2017, 05:46:31 PM

Quote from: richardsNY on April 15, 2017, 04:24:21 PM

Quote from: frowsiter on April 15, 2017, 02:18:42 PM

In my country people are crazy to buy bitcoins not to spend them. Actually everybody here is having thinking that they will buy them at lower price and will sell at higher rate to get profits. So I think we just need to change their thinking.

I do agree that people are using Bitcoin far more as an investment tool rather than a currency solution, but there is nothing at this point that can change that. Problem that people have with this is that when they spend let's say 1 BTC on something at the time the price is $1000, and the next few days the price goes up close to $1100 or even higher, it makes people badly regret them having spent their coin. It will most likely result in them never spending a single satoshi anymore.

actually the main problem is that the facilities of bitcoin are not available everywhere to be use as currency, therefore most of the people are using it as for investment and not as currency. but we are hopeful that in future we will be able to use bitcoin as currency for shopping and for so many other purposes.

Unless 0 confirmation transactions become safe in the future then spending bitcoins over the counter at any shop is not likely, a few already have it as a novelty idea but it's an online currency.

BunnyShibe

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Quote from: richardsNY on April 15, 2017, 04:24:21 PM

Quote from: frowsiter on April 15, 2017, 02:18:42 PM

In my country people are crazy to buy bitcoins not to spend them. Actually everybody here is having thinking that they will buy them at lower price and will sell at higher rate to get profits. So I think we just need to change their thinking.

I do agree that people are using Bitcoin far more as an investment tool rather than a currency solution, but there is nothing at this point that can change that. Problem that people have with this is that when they spend let's say 1 BTC on something at the time the price is $1000, and the next few days the price goes up close to $1100 or even higher, it makes people badly regret them having spent their coin. It will most likely result in them never spending a single satoshi anymore.

actually the main problem is that the facilities of bitcoin are not available everywhere to be use as currency, therefore most of the people are using it as for investment and not as currency. but we are hopeful that in future we will be able to use bitcoin as currency for shopping and for so many other purposes.

richardsNY

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Quote from: frowsiter on April 15, 2017, 02:18:42 PM

In my country people are crazy to buy bitcoins not to spend them. Actually everybody here is having thinking that they will buy them at lower price and will sell at higher rate to get profits. So I think we just need to change their thinking.

I do agree that people are using Bitcoin far more as an investment tool rather than a currency solution, but there is nothing at this point that can change that. Problem that people have with this is that when they spend let's say 1 BTC on something at the time the price is $1000, and the next few days the price goes up close to $1100 or even higher, it makes people badly regret them having spent their coin. It will most likely result in them never spending a single satoshi anymore.

stompix

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Blackjack.fun

Quote from: Jewell on April 13, 2017, 04:38:26 PM

Quote from: Pangia on April 12, 2017, 04:47:07 AM

Quote from: Zulucia on April 12, 2017, 04:06:51 AM

Quote from: gsrcrxsi on April 09, 2017, 11:06:47 AM

Quote from: posternat on April 03, 2017, 11:10:36 AM

Quote from: maku on April 03, 2017, 03:04:25 AM

Quote from: Format.C^ on April 03, 2017, 12:49:28 AM

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

Not everyone wish to spend their coins and will not spend until the price of bitcoins have their target price as bitcoin is a pure investment for them so they will sell or spend them only when they are making enough profits from it.

I think it is better to spend a small percentage to help the circulation.

Yeah and I think everyone is spending certain percentage of their coins on trading and gambling sites hoping to make quick money and which is also helping the circulation but those who don't have any knowledge of trading and gambling will prefer not to spend their coins and will hold them for the future.

to i think it is not right time to spend or invest your bitcoin anywhere, i think you need to hold your bitcoin for the price increase as it is expecting by the expert of bitcoin that the price of bitcoin will increase more and more.

Why is everybody fixed on the idea, don''t spend bitcoins?
Bitcoins are money.

You have a good offer to buy something via bitcoins you buy it. With the fiat that remains in your pocket or on your card you buy back your stash.

It's more advantageous to buy a coffee with you cc card because of rewards point , you use it. The coffee shop has an offer 50% less if you use btc , you use btc.

What is the difference of going shopping spending 300$ in cash and doing shopping via btc spending 300 and buying it back the next day ?

FeelingVER

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Quote from: krisnt80 on April 15, 2017, 02:20:13 PM

I dont know till when bitcoin will be able to stand above 1000 dollars, knowing the split is about to happen and it will damage bitcoin, soo i would spend some of my coins or exchange them into fiat and wait the changes to happen, and then to invest over bitcoin again.

No one knows for sure whether there will be a split or not. Therefore, everyone uses bitcoin regardless of this.
Anyone who has such an opportunity. I know that in many countries people can not buy goods for bitcoins, so they just keep it

krisnt80

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I dont know till when bitcoin will be able to stand above 1000 dollars, knowing the split is about to happen and it will damage bitcoin, soo i would spend some of my coins or exchange them into fiat and wait the changes to happen, and then to invest over bitcoin again.

frowsiter

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In my country people are crazy to buy bitcoins not to spend them. Actually everybody here is having thinking that they will buy them at lower price and will sell at higher rate to get profits. So I think we just need to change their thinking.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

In my country Bitcoin infrastructure is not so developed so there are no many merchants and places where people could spend Bitcoins. The progress in that way is getting very slowly. But the solution for spending Bitcoins is using the Bitcoin debit card which is accepted everywhere and easy to use for paying stuff and services, bills and actualy everything you wish.

Blackdeath

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★Bitvest.io★ Play Plinko or Invest!

Quote from: sallymeeh27 on April 11, 2016, 07:47:18 AM

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..

The way on spending bitcoin may varies depending on a country you lived in. Here in my country we have an wallet called coin.ph where you can do different things using bitcoins. It is a multi-purpose wallet where you can hold your bitcoin together on buying load, paying bills or even converting bitcoin. So for me i can spend bitcoin in different ways. But for me i can spend my bitcoin with rebates using coin.ph in other word you can spend while i am earning. So the first thing should bitcoin probably do is to establish wallet like this in every country so spending using bitcoin will not be a problem anymore.

Sanguintan

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Quote from: ocid on April 14, 2017, 02:51:37 PM

in this case a digital currency is still in use by the public, so only certain places that use a trading system using bitcoin. if bitcoin already known by all the people bitcoin will be made daily needs

I can use the bitcoin to buy some computer components in my country. I buy them with the bitcoin.

BunnyShibe

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Quote from: Jonny_DD on April 14, 2017, 03:40:09 PM

Quote from: ocid on April 14, 2017, 02:51:37 PM

in this case a digital currency is still in use by the public, so only certain places that use a trading system using bitcoin. if bitcoin already known by all the people bitcoin will be made daily needs

Still very few people know about bitcoin. Therefore, there are many countries in which people do not have the opportunity to spend bitcoins. They can just buy coins and keep them.

yes that is very right still a lot of people need proper introduction about bitcoin. as majority of people do not know any thing about bitcoin and, and that is the reason that they do not have opportunities to use bitcoin .

Jonny_DD

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Quote from: ocid on April 14, 2017, 02:51:37 PM

in this case a digital currency is still in use by the public, so only certain places that use a trading system using bitcoin. if bitcoin already known by all the people bitcoin will be made daily needs

Still very few people know about bitcoin. Therefore, there are many countries in which people do not have the opportunity to spend bitcoins. They can just buy coins and keep them.

ocid

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in this case a digital currency is still in use by the public, so only certain places that use a trading system using bitcoin. if bitcoin already known by all the people bitcoin will be made daily needs

bitbob82

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Quote from: NEWGOODOUBLE on April 14, 2017, 05:21:16 AM

Quote from: Jewell on April 13, 2017, 04:38:26 PM

Quote from: Pangia on April 12, 2017, 04:47:07 AM

Quote from: Zulucia on April 12, 2017, 04:06:51 AM

Quote from: gsrcrxsi on April 09, 2017, 11:06:47 AM

Quote from: posternat on April 03, 2017, 11:10:36 AM

Quote from: maku on April 03, 2017, 03:04:25 AM

Quote from: Format.C^ on April 03, 2017, 12:49:28 AM

Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.

I will hold my coins for now, there is not enough good incentive for me to spend them. Sending them now, when we need to pay a half dollar transaction fee is a bit of waste IMO.
There is no exactly any incentive to use your coins when they might be worth 2x or 3x of current value in a year. Plus, you need to have access to your coins if/when Hard Fork happens.

Exactly,this is the point of spending the coins, we need to circulate it to the market. We need to help bitcoin to grow. You know what once we hold long the bitcoin the developers will be urge to produce many coins.

Not everyone wish to spend their coins and will not spend until the price of bitcoins have their target price as bitcoin is a pure investment for them so they will sell or spend them only when they are making enough profits from it.

I think it is better to spend a small percentage to help the circulation.

Yeah and I think everyone is spending certain percentage of their coins on trading and gambling sites hoping to make quick money and which is also helping the circulation but those who don't have any knowledge of trading and gambling will prefer not to spend their coins and will hold them for the future.

to i think it is not right time to spend or invest your bitcoin anywhere, i think you need to hold your bitcoin for the price increase as it is expecting by the expert of bitcoin that the price of bitcoin will increase more and more.

because spending will require a rate or price so if you're spending time low price of course you have to pay more bitcoin. That's why many users suggested a hold first

as in most of the places the facility of using or spending bitcoin in local shops is not available therefore most of the people are holding bitcoin for the price increase and we can also see that the number of bitcoin users are increasing from time to time therefore demand of bitcoin is also increasing which is automatically increasing the price of bitcoin. therefore i think holding bitcoin is more profitable instead of spending it or investing it in any other business.

Barrymore

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Quote from: Astvile on April 14, 2017, 05:47:17 AM

First reason is that in our country bitcoins is still developing and the industry is still waiting to get discovered by huge company and let them see the potential of bitcoins to be one of the currency that we can spend day by day.Second is some government treats bitcoins as illegal thats why you/we cant use it in daily expenses

The government will not be able to resist the will of the people. Of course, it can promote or inhibit the development of cryptocurrency, but stopping him is not possible. It seems to me that the reason that bitcoin has not yet won the confidence of all people. Once that happens the transactions between people will become a reality.

Astvile

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First reason is that in our country bitcoins is still developing and the industry is still waiting to get discovered by huge company and let them see the potential of bitcoins to be one of the currency that we can spend day by day.Second is some government treats bitcoins as illegal thats why you/we cant use it in daily expenses

NEWGOODOUBLE

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