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Topic: Spending Bitcoins - page 38. (Read 101106 times)

hero member
Activity: 798
Merit: 500
April 02, 2017, 09:30:09 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.

We can never judge what is the perfect time to buy or sell bitcoins as things may not go in our favor every time but I think if price reaches to our target price then we should sell our coins instead of holding too long and buy it back when price drops.

This is true for professional traders as they know when to sell high and then buy back low. They anaysis that the peak high point is reached and now price will dump and them pump again etc.

Well brother, not everyone is professional trader. As per the OP  topic, i only spend my coins when i need money very urgently. Other than that i try not to spend the coins and keep them save as i know its value will be very high in the near future.
legendary
Activity: 1190
Merit: 1024
April 02, 2017, 09:26:34 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.

We can never judge what is the perfect time to buy or sell bitcoins as things may not go in our favor every time but I think if price reaches to our target price then we should sell our coins instead of holding too long and buy it back when price drops.

This is true for professional traders as they know when to sell high and then buy back low. They anaysis that the peak high point is reached and now price will dump and them pump again etc.
full member
Activity: 238
Merit: 100
April 02, 2017, 08:56:18 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.
That is good that you spend some of your bitcoin it will helps to increase of value. Me also i spend my bitcoin in online shop but not regular i spend once a month and if i have extra money i always deposit to my bitcoin wallet because i know that bitcoin would gives me profit of my investment. And now i choose bitcoin than bank.

Bitcoin has become an investment for us so most of the users will prefer to save them for future without spending them as they want to take maximum benefits from it in future but to help the bitcoin economy we should also spend some of them regularly.
sr. member
Activity: 532
Merit: 280
April 02, 2017, 08:31:28 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.
That is good that you spend some of your bitcoin it will helps to increase of value. Me also i spend my bitcoin in online shop but not regular i spend once a month and if i have extra money i always deposit to my bitcoin wallet because i know that bitcoin would gives me profit of my investment. And now i choose bitcoin than bank.
hero member
Activity: 938
Merit: 500
April 02, 2017, 08:27:55 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.

We can never judge what is the perfect time to buy or sell bitcoins as things may not go in our favor every time but I think if price reaches to our target price then we should sell our coins instead of holding too long and buy it back when price drops.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
April 02, 2017, 08:23:33 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
Just do as i do, spend some of your bitcoins on bills and things you need when the price is high and then buy them back when the market takes a dip. Doesn't always work out like that but you do get good at picking the dips.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
April 02, 2017, 08:06:34 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 02, 2017, 08:02:48 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.
full member
Activity: 203
Merit: 100
April 02, 2017, 10:31:39 AM
I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


I wouldn't call someone with 0.1 BTC as an investor. When you play with small amount you are just "gambling". If you invest something like 100 000$ in crypto, no matter in wich form, holding, investing in a start up or what ever then you can call this an "investor"... But don't call investor people making 10$ weekly and holding them like gold up they can sell it for 11$ lol
up to you about any name and regardless of the amount of capital. if they use bitcoin to invest I would tell them as investors because they invest? #imo

It doesn't matter if it's $10 dollars or $10 million if you are betting on the futures of in this case a cryptocurrency then it's investing.
Not everyone has hundrends of thousands to invest and $10 is a lot of money for people in some parts of the world.
There are probably more poor people getting scammed out of their $10 investments all over the world than there is a few people getting scammed for $100k

I agree with you - swindlers and act - collect small amounts from many people, and then disappear.
I do not spend much bitcoins now. And earlier I invested in HYIPs. And I lost a lot of my bitcoins there
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
April 01, 2017, 09:00:55 PM
I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


I wouldn't call someone with 0.1 BTC as an investor. When you play with small amount you are just "gambling". If you invest something like 100 000$ in crypto, no matter in wich form, holding, investing in a start up or what ever then you can call this an "investor"... But don't call investor people making 10$ weekly and holding them like gold up they can sell it for 11$ lol
up to you about any name and regardless of the amount of capital. if they use bitcoin to invest I would tell them as investors because they invest? #imo

It doesn't matter if it's $10 dollars or $10 million if you are betting on the futures of in this case a cryptocurrency then it's investing.
Not everyone has hundrends of thousands to invest and $10 is a lot of money for people in some parts of the world.
There are probably more poor people getting scammed out of their $10 investments all over the world than there is a few people getting scammed for $100k
legendary
Activity: 1372
Merit: 1008
April 01, 2017, 08:50:50 PM
I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
most bitcoin users today are investors so do not be surprised when they prefer to keep it for a profit and then convert it to a fiat. although occasional spending.


I wouldn't call someone with 0.1 BTC as an investor. When you play with small amount you are just "gambling". If you invest something like 100 000$ in crypto, no matter in wich form, holding, investing in a start up or what ever then you can call this an "investor"... But don't call investor people making 10$ weekly and holding them like gold up they can sell it for 11$ lol
up to you about any name and regardless of the amount of capital. if they use bitcoin to invest I would tell them as investors because they invest? #imo
hero member
Activity: 2590
Merit: 644
April 01, 2017, 03:25:38 AM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 01, 2017, 02:57:26 AM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
hero member
Activity: 672
Merit: 500
April 01, 2017, 02:53:07 AM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally
It is good for long time investments and will makes the values of bitcoin become increase in the future
and spend all of our bitcoin is bad ideas because we can not against inflation in fiat money,
actually I just spend the bitcoin if I have got profit from trading, so my amount of bitcoin is still same
and it starts​ growing up little by little.

Unique reason how you spend bitcoin . Commonly the
Most of peoples said that in their countries still less merchants or store which accepting bitcoin, but for yoy you only spending bitcoin while you got a profit from trading. I think you can looking for bitcoin with another ways it's will be better.
hero member
Activity: 518
Merit: 500
April 01, 2017, 02:13:22 AM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally
It is good for long time investments and will makes the values of bitcoin become increase in the future
and spend all of our bitcoin is bad ideas because we can not against inflation in fiat money,
actually I just spend the bitcoin if I have got profit from trading, so my amount of bitcoin is still same
and it starts​ growing up little by little.
hero member
Activity: 2856
Merit: 667
April 01, 2017, 02:04:56 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 is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
If you really want to start spending bitcoins on a regular basis then it just sounds to me like you are just not looking hard enough. I'm sure that most countries have services available now that will let you pay in bitcoin while the shop still get the currency they want.

A bitcoin debit card comes in handy too.
I know these choices are 3rf parties and thats not reall what bitcoin was really designed for but sometimes you just have to go outside the box.
I feel it's expensive to spend bitcoin when you use a debit card, you have to pay for the charges and for me I think that is not necessary since I can easily cash out my bitcoin and by my wants in needs in fiat. What made me use bitcoin actually is because I use it to trade and to invest, also in the form or entertainment it's useful since you can gamble easily with your bitcoin.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
April 01, 2017, 01:07:23 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 is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
If you really want to start spending bitcoins on a regular basis then it just sounds to me like you are just not looking hard enough. I'm sure that most countries have services available now that will let you pay in bitcoin while the shop still get the currency they want.

A bitcoin debit card comes in handy too.
I know these choices are 3rf parties and thats not reall what bitcoin was really designed for but sometimes you just have to go outside the box.
hero member
Activity: 742
Merit: 500
April 01, 2017, 12:53:50 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 is not widely accepted in many countries.Same condition in your india.I can just recharge my mobile using bitrefill.But the japanese are lucky enough as their government has accepted bitcoin as a payment method.
full member
Activity: 140
Merit: 100
March 31, 2017, 01:29:01 PM
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
March 30, 2017, 09:13:47 PM
I am here also in forum to earn free bitcoins and I get it monthly to have extra money for my needs and wants. I put some of them on my savings, for paying bills and others. So I don't keep much of coins in an online wallet I just wait until the price get higher before I sell them.
I also did the same thing as you. but if bitcoin is more popular, more widely used, more and more accepted, certainly I and many other users will be more frequent spending


Yes it will be a different thing that we are going to think if its widely used. We might be keeping more and more instead of just spending it.
Spending bitcoin will make a big impact also for it will circulate from person to person but as who knows how valuable it could be will not be consumers but instead keepers or holders.

People who have invested huge amount in bitcoins will never prefer to spend them as its an investment for them so if they spend then they will miss an opportunity of making profits in future when price goes higher and at this stage they will prefer to simply hold them.
This applies only to the large holders of bitcoins who have other plans for bitcoin and at the same time have other financial incomes at the expense of which they live. But I think that ordinary users bitcoin, earn bitcoin to spend.

Absolutely. Bitcoin is money. Unless you have megabucks, or multiple streams of income, the Bitcoin will be spent, like money usually is. But, if you can manage to keep your saving in bitcoin, you would generally experience a positive interest rate, over a given year (it really matters what years though; had you caught the slide down from 1000 after Gox, it wouldn't be pretty).
It's good to see that some other member actually look at bitcoin as a currency too and not just a form of investment, i can't see too many currencies surviving very long if nobody actually uses them to trade.
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