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Topic: Spending Bitcoins - page 58. (Read 101079 times)

hero member
Activity: 1372
Merit: 503
January 15, 2017, 06:00:48 AM
I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear
Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.
Holders the reason why the bitcoin price fell not the beginner who sold their bitcoin there are just follower of their idols and selling when they see the bitcoin price decreasing. Not because the bitcoin price fell down novice are spending their bitcoin it always depdends on the volume and demand of bitcoin.
legendary
Activity: 3248
Merit: 1130
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January 15, 2017, 05:41:24 AM
In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality Grin
Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.
Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

Let's assume you, as a buyer, have chosen the right time to spend your BTC. You make a purchase when the price of Bitcoin on its peak and when the price goes down you can see how profitable your purchase was. But what about the seller? They can see that they lost money and next time they will think twice before accepting BTC as a payment.

Good thing there are people who are also thinking about the seller. But you cant just put the blame on the consumer. Being a merchant in using bitcoin as a means of payment is also a risk. We dont really know what happened with that coin. What if the merchant also did change it to fiat after that. Then there is still a good profit.
legendary
Activity: 3374
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I stand with Ukraine.
January 15, 2017, 05:29:16 AM
In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality Grin
Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.
Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.

Let's assume you, as a buyer, have chosen the right time to spend your BTC. You make a purchase when the price of Bitcoin on its peak and when the price goes down you can see how profitable your purchase was. But what about the seller? They can see that they lost money and next time they will think twice before accepting BTC as a payment.
hero member
Activity: 1204
Merit: 500
January 15, 2017, 05:08:34 AM
I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear
Well, most of them probably spent bitcoin they have a way to sell it. maybe you're right, it's mostly done by a novice, especially when looking at the bitcoin prices down so far. Well, I think they might not lose when spending bitcoin they have when prices remain above $ 850, but they will lose money if they have to spend bitcoin when the price is below $ 800.
sr. member
Activity: 672
Merit: 250
January 15, 2017, 04:58:23 AM
I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.

People are surely using their bitcoins. If there are 100 people in bitcoin world then 50 out of 100 are using their coins everyday, if today a half is using the coins then tomorrow the second half starts spending, that is the reason why there are a lot of transactions. And also the services, exchanges, casinos, these things should be counted too in those transactions, it is not always important that a transactions should be of an individual.
sr. member
Activity: 994
Merit: 257
January 15, 2017, 12:35:57 AM
Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  Grin

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.

We need to introduce the bitcoin first to the merchants and the buyer. Because without knowing what is bitcoin and how it works, it will make them to not use bitcoin. Actually it's really hard to motivate other people to use bitcoin in real life.
The grow of the user base is going to happen naturally, there is not much of a point to try to increase the number of merchants accepting bitcoin if there is no one using those coins to buy stuff.
hero member
Activity: 1806
Merit: 672
January 15, 2017, 12:04:09 AM
I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.
Most of bitcoin is traded using yuan.so I agree with you that the transaction of bitcoin is for business or investment.  But I think it isn't just for business because so many people are use bitcoin to fulfil their daily need.
I don't know why people still thinks that accepting Bitcoin can be good for businesses. I have one good reason not too and its not even the government but the transaction itself. The transaction of Bitcoin is slow for it to be used as a currency. It can minimize the production of the business and might make it hard for them to earn. But if it is an online transaction then it won't be a problem for them because Bitcoin is built for those kind of stuff.
sr. member
Activity: 364
Merit: 250
January 14, 2017, 11:31:59 PM
I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.
Most of bitcoin is traded using yuan.so I agree with you that the transaction of bitcoin is for business or investment.  But I think it isn't just for business because so many people are use bitcoin to fulfil their daily need.
hero member
Activity: 588
Merit: 541
January 14, 2017, 05:11:55 PM
I think we can pretty much agree on the numbers of transactions which are alot daily, so if people are not using bitcoin as a day to day currency then why so many transactions? what is needed for people to accept bitcoin in their new businesses and companies to give some bonus if you'd pay with bitcoin to give incentive to people to get into crypto.
sr. member
Activity: 262
Merit: 250
January 14, 2017, 05:07:14 PM
I think that many have become increasingly spend their Bitcoins, after the price fell on him. Particularly beginners probably sold it, for fear
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 13, 2017, 11:22:36 PM
In my country isn't regulated, i've already using BTC to fiat because i don't have work anymore. This is my only job and seems profitable. If i need to buy some stuff i do from another country to ship there, in other case like food or stuff exchangue to USD or national money. Bitcoin giving to me more life quality Grin
Bitcoin is better to invest in the same bitcoin. This will be the best investment for the future. If, indeed, the price will rise, I can then make more purchases than they are now.
Yes the price could always rise but it can also fall from time to time just like last week, that's why when spending bitcoin at the moment it is a little like trading because for the best outcome in your favour you have to pick the best time to pay bills and things.

Last week if you had of paid a $1000 bill it would have cost you more than 1btc but this week you would still have had some change left from that 1 bitcoin so it would have been best to spend some that week.
Picking the right time is the hardest part.
sr. member
Activity: 454
Merit: 250
January 13, 2017, 09:51:08 PM
Bitcoin going into circulation would always be better in the long run... Having people staying alive in this economy is even better.

To be honest it takes skill to obtain this currency with investing so most people would stick to consuming with it. To have an establishment there is much to gain off having physical commerce or even Bitcoin Teller Machines to get this ball rolling in your local area.

Here in my area, there is no such bitcoin teller machines but the thing is that bitcoin is becoming popular here a little by little. Because exchange sites are allowing us to withdraw our bitcoins through banks ATM when we are converting it to fiat. And with that service, it is just like we are spending bitcoins for real and that's a good help to us and to the economy.
In many countries bitcoin, has started to become something that a bunch of people know, and for the most part the people who do are the ones that work on the internet and they get paid using bitcoin, there are a lot of bitcoin credit cards out there which allows us to directly convert our bitcoin to fiat through ATMs which is a start to adopting bitcoin more and more.
The number of people with Internet access is very high compared to years ago, and it makes things simpler for people who want to inform others about the importance and use of Bitcoin. This is a good thing, especially with regard to increasing the chances of Bitcoin to have greater acceptance in the market.

I'm not sure about bitcoin credit cards, but the use of Bitcoin Debit Cards is something that is making things easier for a lot of people, but I think the rates are still a little high to attract a larger number of users.
sr. member
Activity: 490
Merit: 250
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January 11, 2017, 09:27:05 PM
Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  Grin

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.

We need to introduce the bitcoin first to the merchants and the buyer. Because without knowing what is bitcoin and how it works, it will make them to not use bitcoin. Actually it's really hard to motivate other people to use bitcoin in real life.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 11, 2017, 09:07:05 PM
Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  Grin
I don't have a stash of bitcoins to use daily but i do get a percentage of my wage paid in bitcoins each month so i need to spend some of them to pay the bills and living expenses although i would like to save more of them. 
hero member
Activity: 798
Merit: 500
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January 10, 2017, 11:04:37 PM
Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  Grin

That's one reason why we can't easily spend bitcoin in real life, merchants are busy enough using fiat and they are contented and they know fiat well, compared to using bitcoin. Another reason is that most of the merchants that accept bitcoin are only available online and lucky if those places where the merchants who sell online is situated are also selling in real life.
legendary
Activity: 2674
Merit: 1048
January 10, 2017, 07:59:16 PM
After seeing the raise in bitcoin price I have kept my spending to a minimum hoping for a better price but when I do use my bitcoins i buy gift cards for my online shopping and pay for my subscription like netflix.
Given the fact that bitcoin will rise in the near future, I would not want to spend cryptocurrency now, especially for such a low price. Investorovat Although I would not mind more of their money.
sad to hear this , your opinion shows how people consider bitcoin as investment not as digital currency that should spent daily. if bitcoin considered just an investment then the future itself in doubt , that's what i believe.

people should spend their bitcoin , and keep circulate it. not just hold it till you die.
hero member
Activity: 966
Merit: 507
January 10, 2017, 03:10:38 PM
Although there are many people who have  enough bitcoins to spend in their daily expenses, they are still a small minority and I don't think merchants are too interested in implementing new payment systems and spending money for staff training just to satisfy a handful of geeks.  Grin
sr. member
Activity: 298
Merit: 250
January 10, 2017, 03:10:31 PM
After seeing the raise in bitcoin price I have kept my spending to a minimum hoping for a better price but when I do use my bitcoins i buy gift cards for my online shopping and pay for my subscription like netflix.
Given the fact that bitcoin will rise in the near future, I would not want to spend cryptocurrency now, especially for such a low price. Investorovat Although I would not mind more of their money.
For now its not a good idea to sell bitcoins or spend it much better to buy more bitcoins because the price could be rise soon fast or jump.. if its happen you will late to buy bitcoins.. Or the other way spending your bitcoin is a nice decision if you know you can make a good profit with your decision and it is depends how you can make profit.. with your capital like buying tools for marketing like senuke gsa ranker those tool can help you build backlinks and promote your site and get leads and earn more money that you can invest in bitcoin..
It is better to invest in other money bitcoin their income. This is the best choice for sure otherwise there is a risk of losing money. I think that will also be good growth in the near future, so spend a bitcoin has no meaning if it is not a pity.
hero member
Activity: 1386
Merit: 623
Maintain Social Distance, Stay safe.
January 10, 2017, 02:59:10 PM
After seeing the raise in bitcoin price I have kept my spending to a minimum hoping for a better price but when I do use my bitcoins i buy gift cards for my online shopping and pay for my subscription like netflix.
Given the fact that bitcoin will rise in the near future, I would not want to spend cryptocurrency now, especially for such a low price. Investorovat Although I would not mind more of their money.
For now its not a good idea to sell bitcoins or spend it much better to buy more bitcoins because the price could be rise soon fast or jump.. if its happen you will late to buy bitcoins.. Or the other way spending your bitcoin is a nice decision if you know you can make a good profit with your decision and it is depends how you can make profit.. with your capital like buying tools for marketing like senuke gsa ranker those tool can help you build backlinks and promote your site and get leads and earn more money that you can invest in bitcoin..
full member
Activity: 158
Merit: 100
January 10, 2017, 02:51:51 PM
After seeing the raise in bitcoin price I have kept my spending to a minimum hoping for a better price but when I do use my bitcoins i buy gift cards for my online shopping and pay for my subscription like netflix.
Given the fact that bitcoin will rise in the near future, I would not want to spend cryptocurrency now, especially for such a low price. Investorovat Although I would not mind more of their money.
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