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Author Topic: Spending Bitcoins  (Read 101027 times)
SidaroffVany
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January 24, 2017, 10:13:26 PM
 #941

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.
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January 25, 2017, 02:16:09 AM
 #942

I can spend my bitcoins with the help of our local exchange such as mobile recharge and paying bills. They made a latest update which is the virtual visa card so we can purchase now items online even we don't have a credit or debit card from a bank.
Great to see members are actively looking for ways they can spend bitcoins  Wink

it cannot be used as a daily basis as in my country because people are not even know that what the hell bitcoin is but in order to spend it i have to change it in fait currency and then spend it..... i think it cannot be used as daily basis until it became so popular that every one can understood it but i hope in future it will became the daily basis used currency.......
So you are just going to wait for it to become popular, for it to become a popular currency someone has to start looking for ways to use it and then actually do so on a daily or weekly basis.

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.
What, seriously stop sig spamming or learn English if you are going to post here for money.

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January 25, 2017, 06:34:23 AM
 #943

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.
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January 25, 2017, 06:38:48 AM
 #944

i don't spending too much bitcoin i really want to earm and hold money for some reason and important purposes bitcoin is really good where i used it daily basis when i get profit from trading and other activities in my country they are some store accepting bitcoin.
I know many users using bitcoin to work so they keep save bitcoin as much as possible so that they have a lot of bitcoin in their wallet, so that they can use to make a living, but try to spending bitcoin dude it would be very helpful for bitcoin
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January 25, 2017, 06:42:11 AM
 #945

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

yes here in the third world country we see bitcoin as a new supply of earnings. we see bitcoin as earnings that we can use to pay bills , buy some things we need and we can also make it as a good investment. we can also save our bitcoin inorder for us to have some extra money in times of need like some emergencies that we dont expect.

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January 25, 2017, 07:26:29 AM
 #946

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

yes here in the third world country we see bitcoin as a new supply of earnings. we see bitcoin as earnings that we can use to pay bills , buy some things we need and we can also make it as a good investment. we can also save our bitcoin inorder for us to have some extra money in times of need like some emergencies that we dont expect.

We all just want to know when will does the bitcoin last. It through about the value of bitcoins, if we just spending it again and again, bitcoin value can increase its value. Good investment like , promos and signature campaign could be one way of good investments.
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January 25, 2017, 06:10:47 PM
 #947

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

yes here in the third world country we see bitcoin as a new supply of earnings. we see bitcoin as earnings that we can use to pay bills , buy some things we need and we can also make it as a good investment. we can also save our bitcoin inorder for us to have some extra money in times of need like some emergencies that we dont expect.
Also I think that the best buy is a purchase bitcoin. I'm not sure that will be the first-year results, but still very good prospects and spend money to bitcoin is a great future income.
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January 25, 2017, 06:19:36 PM
 #948

Bitcoin is the new way and opportunity for earnings, for some people even a kind of security in lack of fiat money. I know some people who are spending Bitcoins for they everyday expenses and for paying bills. With more adoption there are also more places where Bitcoins could be spent like the real money and that helps some people a lot.

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January 25, 2017, 07:07:08 PM
 #949

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

Yeah it's better to have a bitcoin in your wallet so you can have an extra in the future just in case if you need it. Bitcoins helps me a lot when it comes to daily expenses because aside from your job you also have an extra money to buy important things for your family.

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Spirit2016
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January 25, 2017, 07:10:21 PM
 #950

Bitcoin is the new way and opportunity for earnings, for some people even a kind of security in lack of fiat money. I know some people who are spending Bitcoins for they everyday expenses and for paying bills. With more adoption there are also more places where Bitcoins could be spent like the real money and that helps some people a lot.
I agree that the opportunities are increasing using bitcoin, but their relevance depends primarily on the country in which the user lives. Who was the destitution to declare their income. Therefore, dear already can not buy anything.
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January 25, 2017, 07:43:20 PM
 #951

Why do we resort to today rasstratam bitcoin. It is necessary to look for an alternative and not allow sell bitcoin for anything. Because in a few years it may be very much regret, when the price of bitcoin will rise to ten or even more times.
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January 25, 2017, 08:14:26 PM
Last edit: January 26, 2017, 04:53:05 AM by royalfestus
 #952

government dont encourage the use of bitcoin, says it is not reliable after the research by the central bank.
fewer stores accepting the use of bitcoin as exchange value
low level of bitcoin knowlegde even with the expanding internet coverage and use
all these factors had affected the circle of bitcoin exchange
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January 25, 2017, 08:16:51 PM
 #953

I'd try this with a Xapo debit card, but I tend to buy things on bulk so it wouldn't matter in the long run regardless.

I'm willing to try this on vacation, but there's still a lot to wait for because of how far the Bitcoin economy is moving... Don't hesitate to adjust as they come in, the amount is staggering to believe once you find the right sources to compare cryptocurrency growth.

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January 26, 2017, 09:37:47 AM
 #954

I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

Majority of us really doing this as we can't prove that bitcoin is real money if we aren't going to spend it or exchange it with fiat. But as long as there are people who are willing to accept bitcoins in exchange of their goods and services that will make the community better although the market for that is still low as bitcoin is not yet that very famous.

But what is real money actually?

Looking at the situation of fiat, I'm starting to think that the fiat that we're thinking as money isn't actually real money because it's the same thing as bitcoin. The only reason why people are considering fiat money as real money is because everyone would accept it as payment. But if there aren't people selling anything anymore or if people stopped accepting fiat, is it still money? Fiat money isn't convertible to an asset like gold anymore, you're simply buying gold with your fiat money.

With that thinking at hand, how does bitcoin actually differ from fiat money when if people start to stop selling everything it would be both valueless?

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LOUISEBIT
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January 26, 2017, 10:42:10 AM
 #955

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.

Because in my place there's not a saller who accept bitcoin as payment metode because this problems caused the mayority of people din't know about bitcoin yet ,so saller not interested to accept bitcoin as payment metode.
So usually i change btc to fiat to spending my bitcoin.
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January 27, 2017, 11:55:37 AM
 #956

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

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January 27, 2017, 12:10:31 PM
 #957

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.

Because in my place there's not a saller who accept bitcoin as payment metode because this problems caused the mayority of people din't know about bitcoin yet ,so saller not interested to accept bitcoin as payment metode.
So usually i change btc to fiat to spending my bitcoin.

Not only in your place but whole world bitcoins are not using in the mainstream businesses yet, only a few online stores are accepting as of now. So there is not a choice one should first exchange it into fiat currency to buy other things locally. Since there are so many ways, we can exchange bitcoins now, so it is not very hard to exchange but need to pay small for the conversation.
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January 28, 2017, 01:15:01 AM
 #958

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

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January 28, 2017, 03:19:11 AM
 #959

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.

Because in my place there's not a saller who accept bitcoin as payment metode because this problems caused the mayority of people din't know about bitcoin yet ,so saller not interested to accept bitcoin as payment metode.
So usually i change btc to fiat to spending my bitcoin.

Not only in your place but whole world bitcoins are not using in the mainstream businesses yet, only a few online stores are accepting as of now. So there is not a choice one should first exchange it into fiat currency to buy other things locally. Since there are so many ways, we can exchange bitcoins now, so it is not very hard to exchange but need to pay small for the conversation.

I also dont have much places in my country where i can convert the bitcoins to local cash. Even 80 percent people here are unaware of what is bitcoin exactly and how it works. So we dont have much spending options locally but we can spend in online stores and get advantages. With the passage of time Bitcoin will become more popular and then everyone will accept bitcoins.

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.1xBit.com.
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January 28, 2017, 10:07:26 AM
 #960

Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.
Maybe if you are on a first name basis, a regular at the local shop and the purchase is only small they will let you leave just by seeing the transaction go into their wallet but not on a high value item.

The delay in waiting for the confirmation is not avoidable because there is no assurance until at least 1 confirmation, although double spend attacks are not easy they can and do happen.

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