Post
Topic
Board Economics
Re: Spending Bitcoins
by
tabas
on 16/03/2017, 22:41:37 UTC
Here in my country spending bitcoins is through online by buying some stuffs, paying bills, and load for the phone. Its hard to spend bitcoins daily into store here because no merchant yet that accept bitcoin. There is need to spread the use of this digital currency so it will be accepted here through merchants.

This feature by local exchange is very popular and in-demand good thing that those exchanges are allowing us to spend bitcoins this way. Because it's really amazing and good to see that there are things that we can buy with bitcoins though most of the products and services that we cannot cater or the merchant is far away from us. But with this way, we are helping to give an active transactions to bitcoin market.

Spending bitcoins is very important to help the economy and if you don't have option to spend them directly then you can always exchange them to fiat currency and spend as there are many traders who are dealing with buying and selling of bitcoins so the process is hassle free and time saving.

Yes it is true because if no one spends bitcoin then what are we now or where are we now with bitcoin? And another help with those local exchange and as well as those big exchange that allows us to convert our bitcoins to real money/cash. That's why when I've got enough bitcoins to spend, I'm spending it but right now most of my coins are on hold. And there is a specific day every month that I need to use it.