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Re: Do you actively spend your bitcoins?
by
co5hike
on 17/10/2016, 11:09:51 UTC
I am never spending bitcoins  because i know that is not the meaning of the bitcoin i know that ht eonly person who is making money with the bitcoin is the one who maked
the bitcoin this big.

I think you are misunderstanding the concept behind Bitcoin.  Bitcoin is meant to be used as currency, so it means that Bitcoin should be spend.  Spend it the same way how you spend money.  Use it to buy things that you need online, use it as investment or trade it just like in forex.

Most of the people will prefer to keep them idle in their wallet so that they can spend them in future when they higher price but they forget the fact that by doing so it will never take price of bitcoin higher in future.
I sometimes decide to spend some Bitcoin but I try to not do it to often because because spending all of your Bitcoin is a waist because they can worth more in the future.
Spend your money instead of your Bitcoin because otherwise you are investing in Bitcoin for nothing.

Totally agree. Bitcoins have a great future and now it makes no sense to spend it. Exception - if absolutely no dollars. Better to wait, when it will become more expensive

Yeah i agree with some of the points here. It' s better if we spend some of our btc's instead of just letting it sleep in your wallet as it may have an effect with bitcoin's growth in the future. Although i don' t know yet how many online stores actually accept btc as here in my country it' s not that well known yet
To be honest I think bitcoin is not too popular at a moment and really believe that its popularity is limited only to this forum and if you go away from this forum then there would be hardly anyone who is aware about bitcoins yet.