Spending Bitcoins - page 40. | Bitcointalksearch.org

bitkilo

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https://www.bitcoin.com/

Quote from: ovvidiy on March 23, 2017, 04:31:42 PM

Quote from: ?? on ??

Quote from: marcuslong on March 23, 2017, 09:18:45 AM

Quote from: Aikonio on March 09, 2017, 01:16:02 PM

Quote from: marcuslong on March 09, 2017, 11:57:36 AM

Quote from: JL421 on March 08, 2017, 04:41:00 PM

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

There are some local stores now that accepting bitcoin as payment method here in my country there are actually working on it starbucks is one of them are other online stores that accept bitcoin but if theres an sm supermarket that will accept bitcoin as payment method then that would be great for sure to anyone who using bitcoin.

Many people can not use their bitcoins for this reason. But I hope that soon the situation will change and there will be a lot of shops where they accept crypto currency

They're some store that start accepting bitcoin as payment but hoping that it will be implemented world wide where we can easily use bitcoin not to exchange into fiat for days .But mainstream is we use digital currency as investment we choose this than using gold as investment. Our country where we can use bitcoin to pay bills also without fee's and you can earn charge back depends on your bill

I do not think the bitcoin will be used widely in stores. It is too slow to transact at the moment.

Today, this is even unrealistic. The first obstacle is that businessmen will not be able to report their income to the tax inspectorate, because there is no procedure for reporting the financial transfers of bitcoins. And secondly, bitcoin has a very small percentage of popularity. And this greatly affects the use of it in stores every day.

It doesn't matter how popular bitcoin is for it to be accepted in stores, you could have only 10 people using it and as long as the store accepted the currency you could use it.
What is holding bitcoin back from being accepted over the counter is the confirmation times, when 0 confirmation transactions are safe then you will see more stores willing to accept it.

On your other point about it not being easy to report for income tax that's ridiculous, bitcoin couldn't be easier to keep track of, it's just that some people may not want to report it thinking they can get away with it, not likely for long in today's world.
According to the IRS only 807 people have claimed it: https://news.bitcoin.com/807-people-declared-bitcoin-tax-purposes-according-irs/ and they know a lot more people are using it than that so unfortunately that will come down hard soon.

ovvidiy

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Quote from: ?? on ??

Quote from: marcuslong on March 23, 2017, 09:18:45 AM

Quote from: Aikonio on March 09, 2017, 01:16:02 PM

Quote from: marcuslong on March 09, 2017, 11:57:36 AM

Quote from: JL421 on March 08, 2017, 04:41:00 PM

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

There are some local stores now that accepting bitcoin as payment method here in my country there are actually working on it starbucks is one of them are other online stores that accept bitcoin but if theres an sm supermarket that will accept bitcoin as payment method then that would be great for sure to anyone who using bitcoin.

Many people can not use their bitcoins for this reason. But I hope that soon the situation will change and there will be a lot of shops where they accept crypto currency

They're some store that start accepting bitcoin as payment but hoping that it will be implemented world wide where we can easily use bitcoin not to exchange into fiat for days .But mainstream is we use digital currency as investment we choose this than using gold as investment. Our country where we can use bitcoin to pay bills also without fee's and you can earn charge back depends on your bill

I do not think the bitcoin will be used widely in stores. It is too slow to transact at the moment.

Today, this is even unrealistic. The first obstacle is that businessmen will not be able to report their income to the tax inspectorate, because there is no procedure for reporting the financial transfers of bitcoins. And secondly, bitcoin has a very small percentage of popularity. And this greatly affects the use of it in stores every day.

marcuslong

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Quote from: Aikonio on March 09, 2017, 01:16:02 PM

Quote from: marcuslong on March 09, 2017, 11:57:36 AM

Quote from: JL421 on March 08, 2017, 04:41:00 PM

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

There are some local stores now that accepting bitcoin as payment method here in my country there are actually working on it starbucks is one of them are other online stores that accept bitcoin but if theres an sm supermarket that will accept bitcoin as payment method then that would be great for sure to anyone who using bitcoin.

Many people can not use their bitcoins for this reason. But I hope that soon the situation will change and there will be a lot of shops where they accept crypto currency

They're some store that start accepting bitcoin as payment but hoping that it will be implemented world wide where we can easily use bitcoin not to exchange into fiat for days .But mainstream is we use digital currency as investment we choose this than using gold as investment. Our country where we can use bitcoin to pay bills also without fee's and you can earn charge back depends on your bill

Bibite

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Activity: 187

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Quote from: mornabo on March 23, 2017, 06:42:23 AM

Quote from: Text on March 20, 2017, 01:19:17 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

mornabo

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Quote from: Text on March 20, 2017, 01:19:17 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.

bitkilo

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https://www.bitcoin.com/

Quote from: deppil on March 22, 2017, 02:48:28 AM

Quote from: Inkdatar on March 22, 2017, 12:18:11 AM

I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

I rarely use bitcoin for spending maybe just to pay for the internet subscription and it's only once a week. maybe many users would be more frequent spending bitcoin when bitcoin already widely accepted in offline

Bitcoin may not be accepted everywhere online yet and probably never will be but there will always be services available for you to buy anything you want using bitcoin.
I even pay all my household bills in bitcoin using livingroomofsatoshi.com

A 3rd party was never supposed to be involved in bitcoin transactions but in these early days you must do what you can if you wish to use the currency of your choice.

lienfaye

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Quote from: coinplus on March 22, 2017, 02:04:38 AM

Quote from: Maslate on March 22, 2017, 12:34:37 AM

Quote from: Inkdatar on March 22, 2017, 12:18:11 AM

I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

Well, good thing bitcoin is very useful to you and if I may suggest, why not try to invest as well. Most of the users in the community are investors as well, that because they see great opportunities to earn money and with the advise of our expert here we become matured in the world of investing.
Bitcoin is still at it's early stage and honestly, I do not spend my bitcoin if I still have the money to buy what I need, I prefer to save it because it could be my biggest investment.

Good idea. I understand that you are suggesting to go for investing as part of spending bitcoins. It must be a greater idea as it will multiply our bitcoin holding instead of what actual spending will do. Spending bitcoin is not a viable option for many country's people still due to lack of merchants's adoption of bitcoins.

But when we spend bitcoins for some entertainment for example, we can get for what we are spending. But investing is a long term process. We need to be careful to get what are promised when agreed.

You're right, if you decide to invest in bitcoin it may take time for you to earn, most investors treat it as for long term investment.
I rarely spend my bitcoins because i want to save more and because here in our place there is no merchants accepting it as payment. i can only use it for paying my bills like net connection monthly.

deppil

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Quote from: Inkdatar on March 22, 2017, 12:18:11 AM

I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

I rarely use bitcoin for spending maybe just to pay for the internet subscription and it's only once a week. maybe many users would be more frequent spending bitcoin when bitcoin already widely accepted in offline

coinplus

legendary

Activity: 1386

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Quote from: Maslate on March 22, 2017, 12:34:37 AM

Quote from: Inkdatar on March 22, 2017, 12:18:11 AM

I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

Well, good thing bitcoin is very useful to you and if I may suggest, why not try to invest as well. Most of the users in the community are investors as well, that because they see great opportunities to earn money and with the advise of our expert here we become matured in the world of investing.
Bitcoin is still at it's early stage and honestly, I do not spend my bitcoin if I still have the money to buy what I need, I prefer to save it because it could be my biggest investment.

Good idea. I understand that you are suggesting to go for investing as part of spending bitcoins. It must be a greater idea as it will multiply our bitcoin holding instead of what actual spending will do. Spending bitcoin is not a viable option for many country's people still due to lack of merchants's adoption of bitcoins.

But when we spend bitcoins for some entertainment for example, we can get for what we are spending. But investing is a long term process. We need to be careful to get what are promised when agreed.

Maslate

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Quote from: Inkdatar on March 22, 2017, 12:18:11 AM

I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

Well, good thing bitcoin is very useful to you and if I may suggest, why not try to invest as well. Most of the users in the community are investors as well, that because they see great opportunities to earn money and with the advise of our expert here we become matured in the world of investing.
Bitcoin is still at it's early stage and honestly, I do not spend my bitcoin if I still have the money to buy what I need, I prefer to save it because it could be my biggest investment.

Inkdatar

hero member

Activity: 1582

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I spend my bitcoin by buying some stuff online, paying bills online, and load my phone. These are the things i spend my bitcoins with. I used it through online only because here in my country theres no merchants yet that accept bitcoin.

kynaz

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Activity: 1078

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Quote from: Collider on March 19, 2017, 07:18:33 PM

Quote from: ArnoldChippy on March 19, 2017, 06:59:27 PM

Quote from: duuuuude on March 19, 2017, 03:01:20 PM

Quote from: beafheart on March 19, 2017, 02:51:36 PM

Spending bitcoins is very pleasant and convenient. When I first spent bitcoin - I was very surprised at how easy it is. And it's nice, I felt like a full owner of my money. Without government intervention and without control.

Spending bitcoins is always fun if you have enough bitcoins in your wallet and it can also take care of you in the time of emergencies as I spend my bitcoins at the end of every month and spend them on my friends and family.

yes that is a fact that it is really feeling good, when we are using bitcoin as currency, but in fact in present time we do not have to use bitcoin and we will hold it for the price increase and hope that very soon the price of bitcoin will reach to more high value.

That's right its good not to spend them right now as price can go much higher in future and if you keep on spending them now then in future you will be holding nothing in your hands and if you want to spend them now then spend only what is necessary and rest should be saved for future as you can earn higher amount of money when price will go higher.

The price of bitcoin is something that i don't think you can predict, it can going up or going down, noone even have an ideal about it, just "some" who hold many bits can control price of it by buying or selling bits in a big amount. It's very risk if you want to save all your property in bitcoin. Some day , things just happen , and who know ? maybe bitcoin will lose their values or maybe their values will go multiples, It's very risky.

madwica

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Quote from: JL421 on March 20, 2017, 06:23:19 AM

Quote from: Sundark on March 09, 2017, 12:39:52 AM

Quote from: JL421 on March 08, 2017, 04:41:00 PM

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

Bitcoin is not suited to be accepted by online shops in a direct way. Services which were bitcoin friendly before changed their stance and no longer support BTC.
Learn more from this thread: Fiverr.com forced to remove BTC as a payment option due to high fees https://bitcointalksearch.org/topic/fiverrcom-forced-to-remove-btc-as-a-payment-option-due-to-high-fees-1817684

Bitcoin might be the best investment when you buy and hold coins, not so much when you want to use is as a payment method.

So what's wrong with that in the past we used to purchase mostly all the things we require through fiat so why people suddenly want to use bitcoins to actually make payments as it is risky and plus it may have some fees issues.

Yeah more bitcoin users wanting to make bitcoin accepted as payment in different stores because it is less hustle and i do not see it was risky because you send bitcoin to the seller of things if the things is on you already like fiat.

Rinder

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Activity: 868

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Recently i had some luck and i had sold a bit of my bitcoins to pay a debit, i hadnt the bitcoins when the value is at 1200 dollars, with that said i lost an opportunity to had saved my bitcoins, for further investment or trades. While there is a big interest into savings there always comes promotions or big oportunities to invest into good projects.

EdenHazard

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Quote from: South Park on March 16, 2017, 03:27:59 PM

Quote from: EdenHazard on March 15, 2017, 03:25:10 AM

Quote from: soul-impact on March 15, 2017, 12:46:47 AM

Quote from: Cherylstar86 on March 14, 2017, 10:42:18 PM

In my country bitcoin spending on my personal bills payment is really usefull because if the prompt service that they have. It will bring comfort to me and most of the users online using the wallet options. Now is the time for profitable investment to do with digital currency and we are now in the greener pasture of success.

I am glad to hear that your country has already accepted bitcoin for bills payment. I live in a country which Bitcoin is denied and no one even cares about it. There are only a few Bitcoin stores in my local area but it seems that they are not very profitable. Well, hope that the situation will change and more people will use bitcoin instead of Fiat

then you can be the pioneer, the first person who show how good bitcoin it is to peopole around you. don't wait until bitcoin become popular in your country but get start from yourself slowly , build a small business promote it with bitcoin inside .

the current problem are still on there few merchants accept bitcoin, make people hard to spend their bitcoin and choose to hold it all in the end.

This is a good idea, if bitcoin is not very known in your country, you can start a bitcoin related business and since you will have no competition then everyone will need to come to you to perform business with you, it seems like a good idea that can make you good money in the long term.

sure it is a good idea but a common one , and doesn't mean without problem, yes it has a lot of problem when you decide to fight as a pioneer the first person who should looking for people to get attracted , you need a lot of idea to make it interesting too.

wasn't easy isn't it? but once you successful make it happen , a good money waiting for you.

JL421

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Quote from: Sundark on March 09, 2017, 12:39:52 AM

Quote from: JL421 on March 08, 2017, 04:41:00 PM

Yeah I agree that's actually a really big problem in my country also there are basically no local or online stores where we can buy using bitcoins luckily I found a few traders on local bitcoin buying at a higher rate. And normally we don't see any stores which accept gold for making payments so it kind of makes sense.

Bitcoin is not suited to be accepted by online shops in a direct way. Services which were bitcoin friendly before changed their stance and no longer support BTC.
Learn more from this thread: Fiverr.com forced to remove BTC as a payment option due to high fees https://bitcointalksearch.org/topic/fiverrcom-forced-to-remove-btc-as-a-payment-option-due-to-high-fees-1817684

Bitcoin might be the best investment when you buy and hold coins, not so much when you want to use is as a payment method.

So what's wrong with that in the past we used to purchase mostly all the things we require through fiat so why people suddenly want to use bitcoins to actually make payments as it is risky and plus it may have some fees issues.

kikeda

sr. member

Activity: 364

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Quote from: Ziskinberg on March 20, 2017, 02:14:23 AM

Quote from: Text on March 20, 2017, 01:19:17 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.

I'm curious how you earn that free bitcoins, I would love to know and I'll be glad if you will share it. I don't want to spend much with my bitcoin as I believe everything that I earn is coming from a very hard effort and in such way I have to value the money that I earn.
With bitcoin, I can ensure that although I do not have big investment in real life but with bitcoin having a great potential to grow, it could be my retirement plan in the future.

I think he is trying to say that he is earning free bitcoins in the form of signature campaign but let me tell you that earning from signature campaign is not at all free and you have to make posts on daily basis to achieve the target of weekly posts and then only you will get paid and if you don't work you won't get anything.

Ziskinberg

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Quote from: Text on March 20, 2017, 01:19:17 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.

I'm curious how you earn that free bitcoins, I would love to know and I'll be glad if you will share it. I don't want to spend much with my bitcoin as I believe everything that I earn is coming from a very hard effort and in such way I have to value the money that I earn.
With bitcoin, I can ensure that although I do not have big investment in real life but with bitcoin having a great potential to grow, it could be my retirement plan in the future.

Text

hero member

Activity: 2464

Merit: 594

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.

ManOnTheMoon

sr. member

Activity: 420

Merit: 250

Quote from: TheGodFather on March 19, 2017, 08:51:01 PM

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.

You need to think out of the box what will be the possibilities of spending your bitcoin rather than the cash itself. Well in my opinion, id rather spend my real money rather than my bitcoin because bitcoin changes its price every now and then . And on bitcoin event halving, the price will be doubled again . Im just earning my bitcoin for future porpuses.

That is the right thing to do as for our spending we can use fiat currency and keep our bitcoins intact in our wallet as the price of bitcoin will be higher in future which can give us extra money in the form of profits and if at that stage if we don't have good amount of coins in our wallet then we will be regretting for not saving them for the future.

Topic: Spending Bitcoins - page 40. (Read 101106 times)