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Topic: Are You Spending Bitcoin? - page 9. (Read 8644 times)

legendary
Activity: 2618
Merit: 1105
August 11, 2014, 06:51:46 AM
#57
I bought a dell not long ago when they accepted it!! Yay
hero member
Activity: 602
Merit: 500
August 11, 2014, 05:49:57 AM
#56
I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC

That's what we are all hoping for but it's very likely to happen for most companies since Dell have opened their doors they have been making a great profit I think other companies need to jump on it and accept Bitcoin.
member
Activity: 79
Merit: 10
https://bountyminer.io
August 11, 2014, 05:47:19 AM
#55
I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC
full member
Activity: 178
Merit: 100
August 11, 2014, 05:35:04 AM
#54
Spending bitcoins for altcoins, they may be the biggest BTC merchants.
hero member
Activity: 602
Merit: 500
August 11, 2014, 05:32:14 AM
#53
idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc

So? if no one trades at all no one is losing or gaining? What are you talking about?
member
Activity: 112
Merit: 10
August 11, 2014, 05:31:14 AM
#52
If i can i will use them 100%
tss
hero member
Activity: 742
Merit: 500
August 11, 2014, 03:29:40 AM
#51
idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc
sr. member
Activity: 350
Merit: 250
August 11, 2014, 02:57:46 AM
#50
i dont know why people compalin about spending btc on food etc..

btc circle..just like real money
newbie
Activity: 28
Merit: 0
August 11, 2014, 02:56:06 AM
#49
I spend them all the time, I prefer using Bitcoin over a credit or debit card.
Where usually do you spend btc? On which resources?
newbie
Activity: 9
Merit: 0
August 11, 2014, 02:53:04 AM
#48
im new on this, but if i must have spend my bitcoin, i want to buy some stuff for my necessities of life, like food;clothes;bill etc.

survive number one, fun number two. thats my rule  Grin

full member
Activity: 121
Merit: 100
August 11, 2014, 02:29:46 AM
#47
Spend Bitcoin at every opportunity you get and replace it immediately. That helps to get it into the system and gives it more value.
 Smiley
legendary
Activity: 1036
Merit: 1000
Thug for life!
August 11, 2014, 01:47:45 AM
#46
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?

This is a commonly held view, but it's not so simple. We can't so easily gauge off-exchange demand. I suspect processors like Bitpay and Coinbase only sell on the exchanges when it is profitable for them to do so. And I don't think that they usually dump all coins they process on exchanges -- not at all -- so I am not sure how much it depresses price.
sr. member
Activity: 270
Merit: 250
August 11, 2014, 01:45:42 AM
#45
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.

I think that's a wise idea and I'd like to do that too (though I don't have much at the minute) as I'm sure it's only a matter of time before we see quite a hefty price rise again, so holding on to coins for a while could be a good investement.
hero member
Activity: 886
Merit: 1013
August 11, 2014, 01:42:50 AM
#44
I always spend/donate some bitcoin.

Beginning from q1 2014 it became my main payment solution.
sr. member
Activity: 363
Merit: 250
August 11, 2014, 01:41:57 AM
#43
I spend them all the time, I prefer using Bitcoin over a credit or debit card.
hero member
Activity: 756
Merit: 500
August 11, 2014, 01:34:51 AM
#42
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.
newbie
Activity: 1
Merit: 0
August 11, 2014, 12:21:00 AM
#41
It all goes back into rotation of bit coins i wouldn't worry.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
August 11, 2014, 12:04:14 AM
#40
Hope one day I could mortgage it and get a loan to spend
hero member
Activity: 988
Merit: 1000
August 10, 2014, 11:24:42 PM
#39
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%.
legendary
Activity: 2772
Merit: 1127
August 10, 2014, 09:50:29 PM
#38
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?

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.
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