Spending Bitcoins - page 71. | Bitcointalksearch.org

Mastsetad

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Quote from: dothebeats on November 20, 2016, 12:54:59 PM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

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We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

arseaboy

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Quote from: Techie5879 on November 20, 2016, 05:43:20 AM

I am not seeing any unstableness in bitcoins as of now. but I cant spend it in daily activities as bitcoin is not yet accepted almost about anywhere in my country, people dont even know about it. So, I have to use fiat, but I use bitcoins for purchasing a premium currency in a game.

Yes for now because the availability of using bitcoins is still limited and you still need to convert your bitcoins in physical currency and that's what I do for now. But soon there would be more services that can be offer using bitcoins.

buwaytress

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If you are a business owner or you know someone who does business online, then you can help speed up adoption by accepting bitcoins as payment for your goods or services.

Myself as a freelance writer, I am always offering that option to clients when I quote now. So far, other than for very small jobs in places such as these, I have not yet received payment for my services in bitcoin.

There is hope though. It took years for clients in my country to adopt paypal and now at least a third of people in the creative industry in my country accept paying out through paypal - some exclusively.

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I am not seeing any unstableness in bitcoins as of now. but I cant spend it in daily activities as bitcoin is not yet accepted almost about anywhere in my country, people dont even know about it. So, I have to use fiat, but I use bitcoins for purchasing a premium currency in a game.

wxa7115

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Quote from: Yuuto on November 19, 2016, 01:38:28 AM

I think that bitcoin is currently a bit too unstable to use as a everyday currency. This is because of the people's perception that USD is the ultimate money and bitcoin is not. If we can conduct transactions with bitcoins on a day to day basis we can establish a price in btc, instead of USD and help bitcoin consolidate its place as a true currency.

Quote from: serjent05 on November 17, 2016, 09:06:00 PM

One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

USD fluctuates in price too. What we need to do is create an economy that accepts bitcoin at face value, but not at its USD value.

No offense but that is very unlikely, dollars are taken at face value in the US because they have the backing of the American government, but in other places of the world they take them taking into consideration the value of the dollar against the national currency, since bitcoin is not backed by any government very few people if any will take bitcoin at face value.

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Quote from: Aamir1 on November 19, 2016, 01:56:13 AM

But people actually don't spend their bitcoins when they see its price growing because they think they have have more money later on if they don't spend them now as its value will increase with the time if the price of bitcoin is increasing.

Most people sell while only few have the balls to hold longer. It's what the reality is telling, many people needs money while some can wait to grow for the future.

Quote from: ?? on ??

It depends upon the situation for each individual, what if you are into a trouble and you desperately need money. And the situation is you don't have enough cash for using for sustaining that problem so your last choice would be spending your bitcoins by converting it to cash. There are some things and situation that we can consider even though we are saying that we don't need to use or spend our bitcoins because we are holding it.

Under emergencies or in desperate need of money you will have to sell, what matter is to attend the emergency as you cannot enjoy the money anymore.

Aamir1

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Quote from: X-ray on November 19, 2016, 01:15:08 AM

Quote from: wxa7115 on November 19, 2016, 12:16:25 AM

Quote from: zikel on November 17, 2016, 03:01:51 PM

when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

I don't see why you should stop spending your bitcoins now that the price has risen, if you are not planing to invest taking advantage of an increase in price will allow you to buy more with the same bitcoin.

actually when the price had risen and now touching about $700 and maybe even further it's the right time to spend bitcoin,your bitcoin's value will getting higher and therefore you could pay stuff with lower amount of bitcoin compared to when bitcoin's price is below $700,regardless to your fear of bitcoin price to rising again

But people actually don't spend their bitcoins when they see its price growing because they think they have have more money later on if they don't spend them now as its value will increase with the time if the price of bitcoin is increasing.

Yuuto

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I think that bitcoin is currently a bit too unstable to use as a everyday currency. This is because of the people's perception that USD is the ultimate money and bitcoin is not. If we can conduct transactions with bitcoins on a day to day basis we can establish a price in btc, instead of USD and help bitcoin consolidate its place as a true currency.

Quote from: serjent05 on November 17, 2016, 09:06:00 PM

One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

USD fluctuates in price too. What we need to do is create an economy that accepts bitcoin at face value, but not at its USD value.

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Quote from: wxa7115 on November 19, 2016, 12:16:25 AM

Quote from: zikel on November 17, 2016, 03:01:51 PM

when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

I don't see why you should stop spending your bitcoins now that the price has risen, if you are not planing to invest taking advantage of an increase in price will allow you to buy more with the same bitcoin.

actually when the price had risen and now touching about $700 and maybe even further it's the right time to spend bitcoin,your bitcoin's value will getting higher and therefore you could pay stuff with lower amount of bitcoin compared to when bitcoin's price is below $700,regardless to your fear of bitcoin price to rising again

wxa7115

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Quote from: zikel on November 17, 2016, 03:01:51 PM

when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

I don't see why you should stop spending your bitcoins now that the price has risen, if you are not planing to invest taking advantage of an increase in price will allow you to buy more with the same bitcoin.

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Quote from: MTBTT on November 18, 2016, 05:59:22 PM

Quote from: zikel on November 17, 2016, 03:01:51 PM

when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

of course we will save even more when prices are high because we think that we will benefit when holding longer Lol
when we can pay less when prices rise right ?

yes that right, when we save bitcoin in the wallet same when we are investing a bitcoin, see develop for the price of bitcoin which grow up. besides that,save bitcoin wallet is very safely. I think in the future we will get some profit with bitcoin.

MTBTT

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Quote from: zikel on November 17, 2016, 03:01:51 PM

when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

of course we will save even more when prices are high because we think that we will benefit when holding longer Lol
when we can pay less when prices rise right ?

acroman08

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Quote from: bitkilo on November 17, 2016, 10:01:58 PM

Quote from: serjent05 on November 17, 2016, 09:06:00 PM

One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

Bitcoin is not designed for in store transactions, cash and debit cards can take care of that without any hassles, online transactions is were we need people spending their coins.
Many supermarkets now have a "pay & go" system so people can pick up their shopping on the way home. Groceries is a great example of how you can spend online for an in store pick up.

But see, options like these are still very limited by region/country which leaves some people little choice but to convert to fiat.
Mainly because unless one were buying Digital goods which can be easily sent anywhere, they would end up with high delivery fees if they were to buy physical goods from online stores.
Not to mention the fees charged by third-party payment processors since the selection from online stores that directly accepts btc are either limited by product or overpriced(premiums).

It would be another matter entirely if those options like "pay & go" system were widely available, sadly that is still to come.

Anyway, I personally consider Bitcoin as a currency, as such it could be used for payments, converted, etc,(whichever is more convenient/reasonable) Shouldn't be limited or restrained to online transactions. I'm not gonna pay $20 when I could get it at $10 just so I could say, I used bitcoin to pay for it.

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Quote from: bitkilo on November 17, 2016, 10:01:58 PM

Quote from: serjent05 on November 17, 2016, 09:06:00 PM

One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

Bitcoin is not designed for in store transactions, cash and debit cards can take care of that without any hassles, online transactions is were we need people spending their coins.
Many supermarkets now have a "pay & go" system so people can pick up their shopping on the way home. Groceries is a great example of how you can spend online for an in store pick up.

Great advice dude, I guess that business is viable for bitcoin, they can just bitcoins for the payment and their groceries are ready. I like the idea, maybe I will try to study it further and try to experiment here in our country.

That's what I am talking, we can get valuable information here by being active.

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Quote from: serjent05 on November 17, 2016, 09:06:00 PM

One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

Bitcoin is not designed for in store transactions, cash and debit cards can take care of that without any hassles, online transactions is were we need people spending their coins.
Many supermarkets now have a "pay & go" system so people can pick up their shopping on the way home. Groceries is a great example of how you can spend online for an in store pick up.

wxa7115

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Quote from: krisnt80 on November 17, 2016, 10:09:28 AM

Quote from: X-ray on November 17, 2016, 07:50:53 AM

Quote from: Reid on November 17, 2016, 03:56:15 AM

Quote from: Doms on November 15, 2016, 09:04:32 PM

As far as spending bitcoins is concerned, I am a bit lagging behind. I tend to convert it to fiat more than spend it as is, mainly because of the limited options of using it in transactions in my place. I would very much welcome its usage on a daily basis if there are more merchants that accept it and if transaction speeds are real-time or at least as fast as possible.

When converting it, is it not also spending? I thought that was also like spending or helping at least for someone else to have a chance to buy bitcoin. If you are converting it to a website that sells and buys coins.

yeah actually both are the same but spending doesn't affect the market on selling volume but converting will effect even very little or near to nothing
but still bot are the same,spending bitcoins in order to get the stuff you needs

Exchanging bitcoin isnt spending, just changing the currencie into another, in the general people does exchange to spend into something they cant buy with bitcoin, or to put those money into the banks as saving.

I disagree with this, when you exchange your bitcoin to another crypto or fiat you are buying money with money, for a lot of people this does not make a lot of sense but that is what it is and that is why we have markets like forex where you can buy the currencies of the world with your own.

serjent05

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One of the reason why people can't spend bitcoin in their daily activities because they are speculating that bitcoin will increase in price. So rather than spending, they would just wait for bitcoin to increase in price and take profit on it. Another thing is that bitcoin is good in online transaction but it does not play well in offline transaction where you need to pay to the cashier directly when you are buying stuff. Maybe we need more merchant that accept bitcoin directly when buying items in groceries and marketplaces.

GregH37

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Quote from: Multipulty on November 12, 2016, 07:08:17 PM

Quote from: GregH37 on November 12, 2016, 04:52:20 PM

Quote from: bitkilo on November 11, 2016, 02:06:25 AM

Quote from: betohell on November 11, 2016, 01:01:52 AM

Sometimes we feel the need to make spending bitcoin. of course it will help the bitcoin indirectly, but users will definitely be confusion where they will start spending bitcoin? including me

Confused on where to spend bitcoins, really? Just search the net or ask the businesses directly if they accept bitcoin as payment or not.
There is nothing confusing about it.

There is nothing to be confused of when spending bitcoin. There are tons of businesses out there that accept bitcoins
Another way to find it too is by checking on the service announcement section on this forum or using google.

Spending bitcoin will become more handy if you plan to to get bitcoin debit cards, but you need to some extra fees, but you will get the power of spending bitcoin literally everywhere.

Yeah if you don't have a choice to spend them directly at offline stores then you can go for bitcoin debit card and it will help you in buying almost anything and if your country doesn't supports it then you always have an option to sell them and convert them to your local currency.

If a country support credit and debit cards from their bank then for sure they should have ATM to withdraw money from their cards so it means that bitcoin debit card can be used too.

Quote from: wxa7115 on November 15, 2016, 03:23:51 PM

I suppose you mean everywhere outside the Internet, because right now in the cyber world we can spend our bitcoins from any part of the world for any service or product that can be acquired on-line.

Spending bitcoin online is not an issue because there are always some ways to spend them but for people the fees matters, if it cost cheaper to purchase by cash then why using bitcoin and paying third party fees?

zikel

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when the price of Bitcoin has been below $ 700, I often spent on different Bitcoin purchases through the Internet. But now, when the price has grown, I do not hurry to do it. It is likely that in the future the price will grow further

Topic: Spending Bitcoins - page 71. (Read 101079 times)