Topic: Are You Spending Bitcoin? - page 11. (Read 8527 times)
I use it mostly for day trading, other than that it has no use to me
I'm forever doing little trades with Bitcoin because I know without trading Bitcoin this revolutionary idea will eventually die people need to trade to make it worth as much as it is.
When ever I spend I buy the exact amount back.
Also It does not matter if they sell right away, someone will always buy it. Eventually when the price is more stable these companies will start to figure that they may as well hold some eventually they may end up holding all, Overstock already holds 10% possibly even more now.
And If MANY shops start to accept it. Food, Electronics, Auto industry, Bills (Water, Gas, electricity), Fuel , telephone etc...
Eventually they will realise well the price is stable, Millions of merchants are now accepting it & price is slowly on the creep up... this currency is Finite and deflationary.. it will make sense to start keeping 20/30/40/50% or maybe even more... At the end of the day since so many merchants are accepting we can even use it like normal dollars and pay our bills with it or buy stock with it ETC
I think we should stop worrying about what companies do with the BTC after we purchase in the long term this is helping this industry and Bitcoin, you can believe that!
Also It does not matter if they sell right away, someone will always buy it. Eventually when the price is more stable these companies will start to figure that they may as well hold some eventually they may end up holding all, Overstock already holds 10% possibly even more now.
And If MANY shops start to accept it. Food, Electronics, Auto industry, Bills (Water, Gas, electricity), Fuel , telephone etc...
Eventually they will realise well the price is stable, Millions of merchants are now accepting it & price is slowly on the creep up... this currency is Finite and deflationary.. it will make sense to start keeping 20/30/40/50% or maybe even more... At the end of the day since so many merchants are accepting we can even use it like normal dollars and pay our bills with it or buy stock with it ETC
I think we should stop worrying about what companies do with the BTC after we purchase in the long term this is helping this industry and Bitcoin, you can believe that!
People must use BTC as a transaction (spend) or the entire system freezes up with everyone holding. This would leave bugger all currency floating around, pushing the coins through the roof in price until nobody will swap them for goods because transactions are limited.
Moral of the situation, in order for the BTC economy to grow then a reasonable percentage of the BTC economy must be transacted.
Moral of the situation, in order for the BTC economy to grow then a reasonable percentage of the BTC economy must be transacted.
Yes absolutely
I hold 50%, spend the rest and trade stuff to replenish
I hold 50%, spend the rest and trade stuff to replenish
Will shopping with Bitcoin be good or bad for the price of BTC?
How could it possibly be bad. Merchants are what drives adoption. We need people constantly spending their coins to higher the demmand and thus with a limited supply the price will rise.
I always pay (now) with fiat currency ... so no, i transform in BTC to hold ... but not use (perhaps when my car will fail, i search a car bitcoin seller 
they always accept many particulate money when they WANT sell without the old car)
they always accept many particulate money when they WANT sell without the old car) 
Some people spend, some hodl. What does it matter if they sell it? The money goes back into the system and round and round.
Are You Spending Bitcoin?
Yes.
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?
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