Spending Bitcoins - page 47. | Bitcointalksearch.org

Ziskinberg

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Quote from: bitkilo on March 06, 2017, 01:42:51 AM

Quote from: CoinFoxs on March 06, 2017, 01:21:29 AM

Quote from: fitty on March 06, 2017, 12:33:05 AM

Quote from: vella85 on March 06, 2017, 12:27:26 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.

bitkilo

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Quote from: CoinFoxs on March 06, 2017, 01:21:29 AM

Quote from: fitty on March 06, 2017, 12:33:05 AM

Quote from: vella85 on March 06, 2017, 12:27:26 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.

CoinFoxs

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Quote from: fitty on March 06, 2017, 12:33:05 AM

Quote from: vella85 on March 06, 2017, 12:27:26 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.

fitty

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Quote from: vella85 on March 06, 2017, 12:27:26 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.

Doms

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Quote from: pungopete468 on March 05, 2017, 06:52:31 PM

Quote from: CyberKuro on March 05, 2017, 06:43:56 PM

Quote from: South Park on March 05, 2017, 01:04:25 PM

Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.

This is the common problem for us, who lives in a place where you can't find any merchant accepted bitcoin payment.
And then, people start to think to save it instead of looking for a way to spend it. But, I think amount of bitcoin they have must be less than BTC100, if you have at least BTC10, you will try to spend it to purchase something or convert into fiat money in case you need cash immediately which there's no any better option left.

Even if you cannot spend them directly you can always convert them to your local currency and apart from that now we also have bitcoin debit card which can be used like other normal cards for shopping either online or at offline places so I don't think there is any issue in spending and if a person is willing to spend his bitcoins then he will definitely discover many ways to spend them.

I have heard of that debit card from my local exchange and it seems to have a lot of good features in it. I'll try to inquire about that and see how I will be able to make use of it. I am not a big spender really, be it by bitcoin or fiat, but from time to time, I like to make certain purchases that might best make use of bitcoin. For now, I just try to hold and wait for another price surge, and maybe convert a few to fiat and still use bitcoin for other forms of small payments.

vella85

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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.

bitkilo

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Quote from: X-ray on March 05, 2017, 09:25:04 PM

Quote from: bitkilo on March 05, 2017, 06:38:45 PM

Quote from: tazmania on March 05, 2017, 06:36:45 PM

Whenever I am in need of money I sell my bitcoins and transfer that amount to my bank account and it is done instantly with minimum fees and bitcoin is an great source of extra income for me so I keep on selling and buying them on regular basis as even if I sell them I am pretty sure that I can earn them back so I don't look at the price at the time of selling, if I am in need of money I simply sell them irrespective of the price.

The bitcoin transfer to fiat into your bank account clears instantly?
What wallet and what bank are you using, i have never know a bank to not stall bitcoin transfers before.

Sell his bitcoin on the exchange site and trans his balance to the bank account is the correct statement in my mind. But some ability of the exchange site to trans to the bank account for direct. I think everyone know about that. Aren't you?

That process is hardly instant and would only work on "business days"
I can transfer from my exchange to bank for cash but who wants to wait the few days.
I just use a bitcoin debit card to make purchases and take cash out, instant.

Text

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Just made a cash out from our local exchange site/app of $60 yesterday, saved coins from services in a month. Usually, I spend my bitcoins for my mobile recharge and mobile data just to access the internet. I am happy that I can contribute money for our daily expenses.

SamsungBitcoin

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Quote from: X-ray on March 05, 2017, 09:25:04 PM

Quote from: bitkilo on March 05, 2017, 06:38:45 PM

Quote from: tazmania on March 05, 2017, 06:36:45 PM

Whenever I am in need of money I sell my bitcoins and transfer that amount to my bank account and it is done instantly with minimum fees and bitcoin is an great source of extra income for me so I keep on selling and buying them on regular basis as even if I sell them I am pretty sure that I can earn them back so I don't look at the price at the time of selling, if I am in need of money I simply sell them irrespective of the price.

The bitcoin transfer to fiat into your bank account clears instantly?
What wallet and what bank are you using, i have never know a bank to not stall bitcoin transfers before.

Sell his bitcoin on the exchange site and trans his balance to the bank account is the correct statement in my mind. But some ability of the exchange site to trans to the bank account for direct. I think everyone know about that. Aren't you?

Agree that is what i am doing if i need cash because nowadays i put bulk amount in bitcoin due to continuous increasing of its value. And i put trust in bitcoin since i can easily transfer or exchanged it into fiat.

X-ray

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Quote from: bitkilo on March 05, 2017, 06:38:45 PM

Quote from: tazmania on March 05, 2017, 06:36:45 PM

Whenever I am in need of money I sell my bitcoins and transfer that amount to my bank account and it is done instantly with minimum fees and bitcoin is an great source of extra income for me so I keep on selling and buying them on regular basis as even if I sell them I am pretty sure that I can earn them back so I don't look at the price at the time of selling, if I am in need of money I simply sell them irrespective of the price.

The bitcoin transfer to fiat into your bank account clears instantly?
What wallet and what bank are you using, i have never know a bank to not stall bitcoin transfers before.

Sell his bitcoin on the exchange site and trans his balance to the bank account is the correct statement in my mind. But some ability of the exchange site to trans to the bank account for direct. I think everyone know about that. Aren't you?

ChronoLite

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Quote from: Ipwich on March 05, 2017, 08:56:05 PM

That's a problem for us who are living in smaller countries as online stores are usually located in big countries, what we can do now is just wait until merchants in our country will see the opportunity of adding bitcoin as their payment method. Anyway, let's not worry that much as it's not a big problem, with our exchanges we can easily cash out our money and use that money to purchase in our desired store, less convenience that way I guess.

Buy electronics is hard to reach for small countries and doesn't support/doesn't even know about Bitcoin but for the digital stuffs like Game Codes, and Pay your bill is easy to do and you can access it anywhere. It just matter of time to see merchant accepts bitcoin.

Ipwich

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Quote from: mornabo on March 05, 2017, 08:33:07 PM

Quote from: bitkilo on March 05, 2017, 03:16:49 PM

Quote from: anavuajna on March 05, 2017, 01:43:16 PM

I do not often spend your Bitcoins. To be honest, in my country is not enough places to take Bitcoins. Now I just hold cryptocurrency in order to sell

There are heaps of places that already accept bitcoin, mainly online. If you look then you will see that just about anything you want could be purchased using bitcoin.

but nonetheless still limited stores who accept bitcoin. moreover it is usually outside the country and have to pay shipping costs are very expensive. I rarely spending bitcoin I'm just using bitcoin for investment

That's a problem for us who are living in smaller countries as online stores are usually located in big countries, what we can do now is just wait until merchants in our country will see the opportunity of adding bitcoin as their payment method. Anyway, let's not worry that much as it's not a big problem, with our exchanges we can easily cash out our money and use that money to purchase in our desired store, less convenience that way I guess.

mornabo

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Quote from: bitkilo on March 05, 2017, 03:16:49 PM

Quote from: anavuajna on March 05, 2017, 01:43:16 PM

I do not often spend your Bitcoins. To be honest, in my country is not enough places to take Bitcoins. Now I just hold cryptocurrency in order to sell

There are heaps of places that already accept bitcoin, mainly online. If you look then you will see that just about anything you want could be purchased using bitcoin.

but nonetheless still limited stores who accept bitcoin. moreover it is usually outside the country and have to pay shipping costs are very expensive. I rarely spending bitcoin I'm just using bitcoin for investment

pungopete468

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Quote from: CyberKuro on March 05, 2017, 06:43:56 PM

Quote from: South Park on March 05, 2017, 01:04:25 PM

Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.

This is the common problem for us, who lives in a place where you can't find any merchant accepted bitcoin payment.
And then, people start to think to save it instead of looking for a way to spend it. But, I think amount of bitcoin they have must be less than BTC100, if you have at least BTC10, you will try to spend it to purchase something or convert into fiat money in case you need cash immediately which there's no any better option left.

Even if you cannot spend them directly you can always convert them to your local currency and apart from that now we also have bitcoin debit card which can be used like other normal cards for shopping either online or at offline places so I don't think there is any issue in spending and if a person is willing to spend his bitcoins then he will definitely discover many ways to spend them.

CyberKuro

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Quote from: South Park on March 05, 2017, 01:04:25 PM

Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.

This is the common problem for us, who lives in a place where you can't find any merchant accepted bitcoin payment.
And then, people start to think to save it instead of looking for a way to spend it. But, I think amount of bitcoin they have must be less than BTC100, if you have at least BTC10, you will try to spend it to purchase something or convert into fiat money in case you need cash immediately which there's no any better option left.

bitkilo

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Quote from: tazmania on March 05, 2017, 06:36:45 PM

Whenever I am in need of money I sell my bitcoins and transfer that amount to my bank account and it is done instantly with minimum fees and bitcoin is an great source of extra income for me so I keep on selling and buying them on regular basis as even if I sell them I am pretty sure that I can earn them back so I don't look at the price at the time of selling, if I am in need of money I simply sell them irrespective of the price.

The bitcoin transfer to fiat into your bank account clears instantly?
What wallet and what bank are you using, i have never know a bank to not stall bitcoin transfers before.

tazmania

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Activity: 784

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Whenever I am in need of money I sell my bitcoins and transfer that amount to my bank account and it is done instantly with minimum fees and bitcoin is an great source of extra income for me so I keep on selling and buying them on regular basis as even if I sell them I am pretty sure that I can earn them back so I don't look at the price at the time of selling, if I am in need of money I simply sell them irrespective of the price.

Babayega31

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It's so good to feel the comfort of using bitcoin as my internet billing payments using my online wallet, the transaction is very fast and convenient to do. Mostly I am doing online payments using my fiat money bank account deposits which has lower performance, compared to online bitcoin transaction spending through the debts I have. That changes my way of life and made me decided to fully use digital currency on spending everytime I transact payments online.

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Quote from: kidoseagle0312 on March 05, 2017, 04:35:26 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.

In my country, there are merchant accepted bitcoin in any remittance outlet/ money transfer, mobile loading, travel and tour, shopping online, Fine dining restaurant, coffee shop/startbucks, bar and restaurant and others. but still few our citizens here are lack of knowledge into bitcoin.

That is a problem that we all are facing that we have many places where we can spend our bitcoins but its limited only to those people who knows about bitcoin and majority of people are not aware about bitcoins yet and even if they have heard about it they don't know how to use it or how to earn it and that is a big problem bitcoin is facing at a moment but lets hope that things will be different in future and maximum number of people will start using bitcoins.

kidoseagle0312

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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.

In my country, there are merchant accepted bitcoin in any remittance outlet/ money transfer, mobile loading, travel and tour, shopping online, Fine dining restaurant, coffee shop/startbucks, bar and restaurant and others. but still few our citizens here are lack of knowledge into bitcoin.

Topic: Spending Bitcoins - page 47. (Read 101106 times)