Topic: Are You Spending Bitcoin? - page 6. (Read 8644 times)
I haven't spent my bitcoins but I plan to buy something with them the next year.
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?
Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)
Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.
I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.
Though you state some good points, I would have to disagree on it NOT being a long term store of value.
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.
What's wrong with that? Money just changes hands, from the customer to another one that buys them from the store. Even if it was destroyed, it would just make the rest of the supply more valuable. Being able to use bitcoins in as many places as possible, and as easy as possible, is what makes it valuable. If everyone just kept their coins, its purchasing power would plummet.
i always use it to buy humble bundle
Of course, I spend them when I feel a bear phase is coming though, so I can buy them again later.
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?
Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)
Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.
I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.
Is gambling considered as spending bitcoin? Well yes I do then. 
At the moment I spend as little as possible , and keep my btc in a cold wallet .
Most of the time I hoard bitcoins and spend them when the prices rise.
I will wait for long.
I will wait for long.
I've not spent any yet because I don't have many, but I plan to save them for a couple of years and see where they're at then.
Wow, you are optimistic and thinking far ahead.
I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
Wow, you are optimistic and thinking far ahead.
Do I spend?
Yes. It's meant to be spent sooner or later. It's a currency.
Yes. It's meant to be spent sooner or later. It's a currency.
No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me... 
learn about bitcoins bro,collect the coin and spend the coin haha 
I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
By using Bitcoin in online shopping for instance, you'll increase their potential value.Try using them as much as you can.
No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me...
and how many did you buy so far? 
I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
I have bought some mining hardware outsite this forum, all went smooth and fast.
I try to hold, also trading for more coins I like and for more Bitcoin is my overall goal. I also spend on a potential investment opportunity I find on the forums any way to flip my coins for more with low risk is nice. 
I really think that spending Bitcoin gives merchants more incentive to accept Bitcoin. I think the potential lower price is very much worth the acceptance of Bitcoin. It bothers me that people are complaining about the adoption of Bitcoin and see the short term value of the coin go down. We need to be able to see the big picture and to me that is mass adoption.
If anything see it as a buying opportunity for strong hands. The holders and people that understand how to use Bitcoin and realize what it win the end game!
I really think that spending Bitcoin gives merchants more incentive to accept Bitcoin. I think the potential lower price is very much worth the acceptance of Bitcoin. It bothers me that people are complaining about the adoption of Bitcoin and see the short term value of the coin go down. We need to be able to see the big picture and to me that is mass adoption.
If anything see it as a buying opportunity for strong hands. The holders and people that understand how to use Bitcoin and realize what it win the end game!
I have used it with expedia and am switching to dish network. I am working on getting my wholesalers to take it but my volume isn't enough to get their interest just yet.
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