Topic: Are You Spending Bitcoin? - page 10. (Read 8771 times)
I;m not currently spending bitcoin as I believe in them as a currency and think their use is only going to grow, so am saving them as an investment. I can't wait to spend them and see what I can get for my money though.
It all goes back into rotation of bit coins i wouldn't worry.
Hope one day I could mortgage it and get a loan to spend
i haven't spent any yet so far. i think retailers need to offer discounts that would offset the exchange fees.. in that case, i'd buy bitcoins off the exchange and then make my purchase since it wouldn't cost anything and would help bitcoin.
The exchange fees are generally very low and would be much lower then if you were to pay via a credit card. For a merchant to offer a small discount for consumers accepting bitcoin they would still end up on top because the cost for credit cards is usually in excess of 3%. 
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.
Why buy things with my most valuable stuff, when I can give worthless fiat?
Why buy things with my most valuable stuff, when I can give worthless fiat?
Because it increases the usage and acceptance of Bitcoin. Pay with Bitcoin, then use the fiat you would have used for the purchase to instead buy more Bitcoin. Voila.
Fees to convert Fiat to Bitcoin are high. Also lack of acceptance from the stores I most use.
But I spend on investing, so I do my part.
Yes, I love spending bitcoin. One thing I do feel bad for is using things like snapcard. Because yes, I can purchase almost anything with bitcoin. However, the vendor does NOT know I used bitcoin so it doesn't really do any good. :/
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.
Why buy things with my most valuable stuff, when I can give worthless fiat?
Why buy things with my most valuable stuff, when I can give worthless fiat?
Because it increases the usage and acceptance of Bitcoin. Pay with Bitcoin, then use the fiat you would have used for the purchase to instead buy more Bitcoin. Voila.
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.
Why buy things with my most valuable stuff, when I can give worthless fiat?
Why buy things with my most valuable stuff, when I can give worthless fiat?
I spend as much as I can. If I drain my btc wallet, which happens a lot, a couple mouse clicks on Coinbase can top it up $1,000 worth of Bitcoin instantly.
I'm not really spending much BTC. I am adding more here and there. I did just spend some recently on a new Trezor, but I immediately put that amount of BTC back into one of my wallets.
I would have bought it with credit card or debit card if they would have accepted it. It was actually the first time that I have actually spent BTC. I was pleasantly surprised with how easy it was.
I would have bought it with credit card or debit card if they would have accepted it. It was actually the first time that I have actually spent BTC. I was pleasantly surprised with how easy it was.
i haven't spent any yet so far. i think retailers need to offer discounts that would offset the exchange fees.. in that case, i'd buy bitcoins off the exchange and then make my purchase since it wouldn't cost anything and would help bitcoin.
People that don't get paid in bitcoins or just don't have much, tend to hoard.
Personally i would spend more if i had access to a bitcoin atm so i can turn my fiat to bitcoins with ease..
Personally i would spend more if i had access to a bitcoin atm so i can turn my fiat to bitcoins with ease..
At the moment I am holding bitcoins but I would not ever rule out the chance of spending bitcoins and keeping some in storage when the time came. So far I have not felt the need to want to use bitcoin but sooner or later that time will come when more companies start accepting.
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.
What do you think?
Will shopping with Bitcoin be good or bad for the price of BTC?
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.
What do you think?
Will shopping with Bitcoin be good or bad for the price of BTC?
Nah, I just hold them. The price is too low at the moment. If I sell them now or use them to buy stuff, I guess I would be off at a loss. But I'm looking forward to use my BTC to buy something in the future when the price goes back up again! Maybe even into a new bubble!
I actually have no bitcoins yet but after getting one i won't spend it.
I use it mostly for day trading, other than that it has no use to me 
How does it not have any use to you? are you using Bitcoin just to profit in fiat? if so you are doing it wrong and will probably lose out in the long run even if you do profit for a short while.
Well if I'm going to buy something I'll do it in person for cash or in the shops with my cc, online with my cc also, and there's not that many things you can buy with btc, I can't pay my rent with it, can't buy my food with it and certainly can't pay my taxes with it! what else could I do other than gamble or day trade?
Gambling I lose most of the time so I tend to stick to day trading as I have more control and tend to profit most of the time.
So until btc becomes more widely accepted I really have no other use for it.
Now i am trying to earn some Bitcoin. If i can able to earn some Bitcoin then i will think about spending it.
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.
What do you think?
Will shopping with Bitcoin be good or bad for the price of BTC?
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.
What do you think?
Will shopping with Bitcoin be good or bad for the price of BTC?
Nah, I just hold them. The price is too low at the moment. If I sell them now or use them to buy stuff, I guess I would be off at a loss. But I'm looking forward to use my BTC to buy something in the future when the price goes back up again! Maybe even into a new bubble!
I've spent way more than I should of.
If you only hold your coins that real bad imo.
If you only hold your coins that real bad imo.
Well, why would it be necessarily bad? I can only think of maybe one reason: If you only hold your coins and never spend them, it doesn't even matter how high the BTC price gets, you'll never realize your gains and never profit from the increased price. It doesn't even matter whether you buy something with your coins or just plain and simple sell them, but you need to use them in order to profit from the increased value!
It's the law of economics if there is no use for them ie no one is trading with Bitcoin then there is no use for Bitcoin other than collecting so the price would go down because supply and demand would go down. so just holding is bad the more people who trade with bitcoin are making it successful because they are creating supply and demand the people who are being selfish and are only holding are not really contributing to this unique and revolutionary idea.
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