Post
Topic
Board Economics
Re: Spending Bitcoins
by
Format.C^
on 03/04/2017, 04:49:28 UTC
I used to beat the bitcoins for the future and did not spend it. But then something happened in my mind and I almost all bitcoins invested in different projects. Just for this it was necessary to mature morally

It's not bad if you aren't going to spend any of your bitcoin and just keep on holding it for your future. You mean to say that you almost spend all your bitcoins with different projects? It's good that you did diversify your bitcoins and you are doing something for your growth which is helping the economy of bitcoin.
Spending bitcoin is really good if you are spending it on investment like ICO projects of an altcoin or what so ever.
Spending bitcoin is really helping the circulation of the supply since it is been spent and put in the market.

I don't actually get into ICO's nowadays because most of them are just the same. They are just crowd selling and collecting money from their investors and in the end they will result into the same output which is being dumped but as you said it's good for the circulation of bitcoin. It's better to spend your bitcoins for the things you really like.

Yeah spending bitcoins online is a fun and if I am in need of fiat money then I sell my bitcoins and convert it to fiat but I also make sure that I save some of them for future so that I can sell them when price is even higher which can give me higher amount of fiat in hands.

Saving of bitcoin is what everyone's doing but we had our very own fund for spending and it should be spend that way. But there are some that spending their bitcoins with gambling and I respect those people because it is one of the biggest industry that makes the circulation of bitcoin continuous.
Exactly and not only gambling people are spending huge amount of bitcoins even on trading sites and that is the best thing for the bitcoin economy as we need circulation of coins and cannot afford to keep our bitcoins idle in our wallet.