I thought there are also some businesses that don't convert all of their Bitcoin earnings into fiat straight away?
Topic: Are you spending your Bitcoin? - page 2. (Read 1233 times)
I have just spend some mbtc in fasttech site, I love it!
I don't have a whole lot of bitcoin so I just hold onto it. For my daily expenses, I don't really have an option to use bitcoin as a method of payment locally anyways, so those transactions remain in fiat.
For every spender there must be 100 or 1000 holders out there, I think the net effect of these coins leaving the economy are most likely negligible.
My policy, spend a little each month to support retail adoption, small price to pay but feels like I'm contributing some more to adoption.
My policy, spend a little each month to support retail adoption, small price to pay but feels like I'm contributing some more to adoption.
I always thought it would be a good thing for BTC if retailers all over the world were accepting it. Dont we want it recognized as currency?
If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.
What do you think? Will shopping with BTC be good or bad for BTC?
What do you think? Will shopping with BTC be good or bad for BTC?
That is only one part of the cycle. After we spend it, we should buy bitcoins back on the exchanges. The net effect on price is cancelled out and we promote bitcoin acceptance along the way.
gladly I can say that I do spend my bitcoin lol there are plenty of retailers that accept bitcoin and there are plenty of incentives to using bitcoin like discounts and more lol 
I think its good if we spend bitcoin into buying stuff as this will make it flow more into the market and it will keep it more alive
Spending it can only make it increase in value. Being more well known for spending it on goods and services that the average person can use it for. Having it becoming more popular is a plus.
Now just waiting for it's adoption on paying the electricity bill and rent.
Now just waiting for it's adoption on paying the electricity bill and rent.
At this particular moment, I think the BTC rates are a joke. I don't know if in countries like United States it's the same, but here (Romania) i had 580RON worth of BTC and was only able to buy of 545RON. That is like a $10 difference. I will never buy with Bitcoins again until it won't be such a big difference from buying with my credit card. I could've saved like 20RON if I exchanged them into fiat then purchased.
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
Makes an interesting point. If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.
What do you think? Will shopping with BTC be good or bad for BTC?
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014
Makes an interesting point. If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.
What do you think? Will shopping with BTC be good or bad for BTC?
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