Topic: Spending Bitcoins - page 46. (Read 101079 times)

Quote from: Reid on March 06, 2017, 10:30:31 AM

I don't really like to spend my Bitcoins but I do anyway regardless of what the price is doing. Well I gamble some of my Bitcoins each week, not much though as I don't want to lose too much lol I'm yet to spend my Bitcoins on any goods or services but maybe one day soon I will as I would like to test it out.

Yeah me too. I would like to hold my bitcoin but Unfortunately I can't do it because there are circumstances that I really need money and there is no other options I can make but to convert my bitcoins into fiat and spend it. But I will try to reach 1 BTC now. Hope I can make it.

in current time i even cannot think about bitcoin to sell it, because the price of bitcoin is expected to increase more and and hope that very soon the price of bitcoin will hit 2000 USD level.

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Quote from: patrickmh on March 06, 2017, 10:14:48 AM

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Yeah that is the best decision for now, looking at the consecutive price hikes it will be regretful if we just spend it that easily using it to none important things.
If ever there will be an emergency I think that is when I would really spend it.
Bitcoin is getting more precious as days go by so we don't want to just lose it specially this time.

No one will prefer to spend their coins at this stage as it will take away opportunity from them of making higher profits when price will go higher in future so its wise not to spend them at a moment and most of them should be saved for the future to get profitable results.

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Quote from: patrickmh on March 06, 2017, 10:14:48 AM

I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

Yeah that is the best decision for now, looking at the consecutive price hikes it will be regretful if we just spend it that easily using it to none important things.
If ever there will be an emergency I think that is when I would really spend it.
Bitcoin is getting more precious as days go by so we don't want to just lose it specially this time.

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I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.

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Quote from: Harlot on March 06, 2017, 09:18:09 AM

Quote from: Viscore on March 06, 2017, 09:11:13 AM

Quote from: TalkTalk on March 06, 2017, 07:16:59 AM

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

Bitcoin for most including me is more like an asset. Bitcoin's growth right now is good too good to be spending it as a money. I treat more of it like an investment in which I will see it grow overtime, I would rather choose to spend my fiat currency first because it is stable and it won't bother me because it won't change its rate fast like Bitcoin. Holding Bitcoin is also supporting Bitcoin because you take a hold of it until you are satisfied with its price. Grin

If everyone will start holding their coins without spending them then it will make bitcoin a weaker currency and it will not contribute to stronger bitcoin economy as the rotation of coins is mandatory to take its price to higher level so its best to sell them when price goes higher and buy it back if you see major price drop.

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Quote from: Viscore on March 06, 2017, 09:11:13 AM

Quote from: TalkTalk on March 06, 2017, 07:16:59 AM

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

Bitcoin for most including me is more like an asset. Bitcoin's growth right now is good too good to be spending it as a money. I treat more of it like an investment in which I will see it grow overtime, I would rather choose to spend my fiat currency first because it is stable and it won't bother me because it won't change its rate fast like Bitcoin. Holding Bitcoin is also supporting Bitcoin because you take a hold of it until you are satisfied with its price. Grin

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Quote from: TalkTalk on March 06, 2017, 07:16:59 AM

I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

What we are seeing now is a great progress and when the price is rising like this, it is always not good to sell and the best option is to hold until we see a bigger value for better income. Think that way always and never get tempted to sell, let's be matured enough in this kind of situation if we want to maximize our income. Come March 11 and there will be a great result of the ETF application for approval, you will see another milestone of success.

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Quote from: CoinFoxs on March 06, 2017, 09:00:35 AM

Quote from: Ziskinberg on March 06, 2017, 02:56:12 AM

Quote from: CoinFoxs on March 06, 2017, 02:21:29 AM

Quote from: Ziskinberg on March 06, 2017, 02:56:12 AM

I don't really like to spend my Bitcoins but I do anyway regardless of what the price is doing. Well I gamble some of my Bitcoins each week, not much though as I don't want to lose too much lol I'm yet to spend my Bitcoins on any goods or services but maybe one day soon I will as I would like to test it out.

Yeah me too. I would like to hold my bitcoin but Unfortunately I can't do it because there are circumstances that I really need money and there is no other options I can make but to convert my bitcoins into fiat and spend it. But I will try to reach 1 BTC now. Hope I can make it.

I personally think that we make bitcoins for spending them not for holding them, though holding bitcoins will give us a profit but holding them for a long time will also give a loss.
I convert my bitcoins into fiat and spending them to meet my personal expenses.

Bitcoin is just a currency so it is able to be saved or spent, you are in full control of your finances with bitcoin so nobody can tell you what to do with it.

It's a currency but more valuable than fiat, you have your freedom on what to do whether you spend it or save it but I recommend to save it. Consider that bitcoin as not only as a currency but more on investment. We do not know what will be the future of bitcoin but it this will succeed and we have accumulated a good volume due to savings, it could change our lives and we can make fortune on it.

Yeah it's up to us whether we save it or we spend it but the thing is we save bitcoin for spending in future isn't it?? and by looking on the current situation and price of bitcoin i also suggest to save bitcoins because that savings will give you good profit in future or in next coming days.

Saving them at a moment is the best move to make as we are expecting price rise in next week after ETF is announced so till then its better to hold them as if ETF gets approval then we may see much higher price of bitcoins and I think that would be a good time to sell bitcoins to make some descent profits.

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Quote from: CoinFoxs on March 06, 2017, 02:21:29 AM

Quote from: bitkilo on March 06, 2017, 03:06:27 AM

I don't really like to spend my Bitcoins but I do anyway regardless of what the price is doing. Well I gamble some of my Bitcoins each week, not much though as I don't want to lose too much lol I'm yet to spend my Bitcoins on any goods or services but maybe one day soon I will as I would like to test it out.

Yeah me too. I would like to hold my bitcoin but Unfortunately I can't do it because there are circumstances that I really need money and there is no other options I can make but to convert my bitcoins into fiat and spend it. But I will try to reach 1 BTC now. Hope I can make it.

I personally think that we make bitcoins for spending them not for holding them, though holding bitcoins will give us a profit but holding them for a long time will also give a loss.
I convert my bitcoins into fiat and spending them to meet my personal expenses.

Bitcoin is just a currency so it is able to be saved or spent, you are in full control of your finances with bitcoin so nobody can tell you what to do with it.

It's a currency but more valuable than fiat, you have your freedom on what to do whether you spend it or save it but I recommend to save it. Consider that bitcoin as not only as a currency but more on investment. We do not know what will be the future of bitcoin but it this will succeed and we have accumulated a good volume due to savings, it could change our lives and we can make fortune on it.

Yeah it's up to people whether they save it or they spend it but the thing is we all save bitcoin for spending in future isn't it?? and one thing more by looking on the current situation and price of bitcoin i also suggest to save bitcoins because that savings will give you good profit in future or in next coming days.

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Quote from: Ziskinberg on March 06, 2017, 02:56:12 AM

Quote from: CoinFoxs on March 06, 2017, 02:21:29 AM

Quote from: Ziskinberg on March 06, 2017, 02:56:12 AM

I don't really like to spend my Bitcoins but I do anyway regardless of what the price is doing. Well I gamble some of my Bitcoins each week, not much though as I don't want to lose too much lol I'm yet to spend my Bitcoins on any goods or services but maybe one day soon I will as I would like to test it out.

Yeah me too. I would like to hold my bitcoin but Unfortunately I can't do it because there are circumstances that I really need money and there is no other options I can make but to convert my bitcoins into fiat and spend it. But I will try to reach 1 BTC now. Hope I can make it.

I personally think that we make bitcoins for spending them not for holding them, though holding bitcoins will give us a profit but holding them for a long time will also give a loss.
I convert my bitcoins into fiat and spending them to meet my personal expenses.

Bitcoin is just a currency so it is able to be saved or spent, you are in full control of your finances with bitcoin so nobody can tell you what to do with it.

It's a currency but more valuable than fiat, you have your freedom on what to do whether you spend it or save it but I recommend to save it. Consider that bitcoin as not only as a currency but more on investment. We do not know what will be the future of bitcoin but it this will succeed and we have accumulated a good volume due to savings, it could change our lives and we can make fortune on it.

Some would have said the exact same thing when Litecoin was at $50 per coin, save dont spend. Now look at it, sitting at less than $5 now i think.
Definitely not saying bitcoin will go that way but this is still very new ground we are walking on here and there is always a new coin around the corner waiting to take bitcoins spotlight.

Never spending bitcoin doesn't make any sense as if you hold them too long without spending and if price drops in near future then you will surely regret for not spending or selling them when the price was higher so if price goes above your purchase level then you should not think twice in selling or spending them as you will always get an second chance to buy them when price will go lower in future.

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I just don't spend Bitcoins now, when the price is above $1,000 and can go higher and higher. Kinda psychological STOP inside my head. Earlier though I traveled with Bitcoin (it was around $300 then, bad times), and it was ok.

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Quote from: CoinFoxs on March 06, 2017, 02:21:29 AM