Bought anything with btc? | Bitcointalksearch.org

jostorres

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Quote from: bitzizzix on June 03, 2022, 09:34:32 AM

I use bitcoin to invest and also use it to transact individually if needed and needed by other bitcoin users, and this can happen accidentally because anonymously we never know who is involved with bitcoin even the people around.
and one of them is my example which happened unexpectedly https://bitcointalksearch.org/topic/--5401052

and for other reasons in the country where i live bitcoin and other cryptocurrencies are not allowed to be used as a means of any transaction and only allowed as an investment so only individually i can use them and although purpose to invest for some reason but someday will use them and happen unexpectedly.
And it's all because of continuous development and growth and there will come a time when we use it and I believe that's because that's what it's for.

On some countries they also allow crypto but only for investment purposes and not as a currency, but how come? Till now I am still puzzled about this law. It was actually risky if people use cryptos as a means of asset because it's too volatile. If they hate crypto then why can't they just ban it totally? But anyway that was still better, at least people can still use it the other way. You can still use your crypto online right? But nice story on your other thread.

Congrats for that safe delivery of your wife. For me, the only thing that I bought with my btc is internet data. It was bitrefill, the site that I use. I am also willing to use my btc offline but so far no stores accept btc here.

taufik123

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actually i can't buy anything with bitcoin because payment using bitcoin is prohibited. But for some services like Domain I have bought it using Bitcoin, it was my first transaction using bitcoin.
There are no other transactions that use bitcoin, Bitcoin is only used as an investment tool or as a commodity asset.

pawanjain

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

Leaning more towards the investment side I have also spent bitcoin whenever I have got the opportunity.
Last year I bought a website domain with bitcoin and the year before that I bought a bitcoin magazine with bitcoin.
I remember making a post about it (link below). But for the most part, I prefer using bitcoin as an investment option.

post link : https://bitcointalksearch.org/topic/--5302282

m2017

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Quote from: Kakmakr on June 04, 2022, 03:13:07 AM

I buy food at local food vendors every day with Bitcoin (BTC) ...because I made a decision to use a 80/20 strategy to support Bitcoin as a currency. So for those that does not know what a 80/20 strategy is... here is a short explanation ==> When you buy any bitcoins... split it into 2 wallets... one for spending (20%) and one for hoarding (80%) Wink

If all of us do that .... retailers / merchants / shops will continue accepting Bitcoin (BTC) as a payment option (Currency) and that will give Bitcoin some utility. (I just use my food budget for this.. but I change it to BTC) Wink

Of course, it's great when you can buy food for bitcoin. In my country, as in many others, this is officially impossible. But what prevents us from interacting peer to peer, right? Tell us briefly what products do you buy with bitcoin and do you buy it from individual persons?

In general, I like your strategy of behavior, because I also believe that bitcoin should be used as a currency and circulate between people. After all, that's what it was made for. If everyone spends at least 20% of bitcoin like you and looks for ways to pay / accept payment in bitcoin, this will undoubtedly push the process of mass adoption very much.

Henrobakkara

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Quote from: NicNacCoin on June 03, 2022, 04:10:57 PM

Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

Bitcoin is what I hold for a long time. Bitcoin may have grown a lot earlier, but I didn't sell bitcoin.Everyone then said that Bitcoin would soon be worth a million dollars. But after various news, Bitcoin did the opposite.Now the bitcoin market has come down a lot.In a market where I'm holding my bitcoin, I'm not spending anything.

You are doing the right thing when it comes to you still HODLing your Bitcoin, the market will come back around but as for spending Bitcoin, I haven't really spent my Bitcoin on purchasing anything but I hope someday I would love to do this but also, unfortunately, not many retailers/merchants accepts this mode of payments in my location.

Kakmakr

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I buy food at local food vendors every day with Bitcoin (BTC) ...because I made a decision to use a 80/20 strategy to support Bitcoin as a currency. So for those that does not know what a 80/20 strategy is... here is a short explanation ==> When you buy any bitcoins... split it into 2 wallets... one for spending (20%) and one for hoarding (80%) Wink

If all of us do that .... retailers / merchants / shops will continue accepting Bitcoin (BTC) as a payment option (Currency) and that will give Bitcoin some utility. (I just use my food budget for this.. but I change it to BTC) Wink

tabas

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

What will be the different approach in your opinion? There's no other thing that it can be used because it's used as almost everything. Like as a money, as an investment, an asset. I guess most of us have used bitcoin for buying something, maybe some hardware, some domains, digital products like gift codes and other stuff that's being adopted and accepted for payments in bitcoin. On my experience, mostly digital products like codes for games that I've purchased and other physical products too.

uneng

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

I bought a BTC physical wallet with bitcoin once, lol. Great purchase!

If it were possible, I would go shopping with bitcoin much more frequently. Maybe someday it will be possible, but right now investment is the main application for btc.

Futurely I hope to purchase a house or apartment with bitcoin, although it must be a good deal. I'm not going to pay more than the necessary, just for the pleasure of dealing with bitcoin.

Rikafip

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Quote from: ajaxtempest on June 03, 2022, 03:36:25 AM

Purchased a VPN for 20$ back in 2013. It is worth now 700$

I stopped thinking like that long time ago, how much would BTC be worth now if I didn't spend it long time ago because chances are that if you didn't buy VPN back the, you would sell your BTC year or two later, for a fraction of a current price.

This reminds me of a friend who tried to tease me year ago, asking me whether I feel stupid that $100 worth of BTC that I spent on VPN now worth like $600, not knowing that I bought that Bitcoin when price was ~1k and used to it buy VPN when it was around ~10k. So yeah, that was really stupid move from me, according to him. Cheesy

AliKhan189

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Quote from: Oilacris on June 03, 2022, 04:13:32 PM

Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

I think that if you spend time on it, the outside world will also see some benefit.It takes time to get Bitcoin, which is a kind of hard work for you
Most of the time or usual the case im accumulating bitcoin as much as i could since we know the potential profits that you could get in the future but of course it isnt really that bad on spending some of it for the sake of interest

and some contribution on circulation.Back in the past i was actively spending my coins on buying Steam code wallets which it was easy and fast i could say on real experience.

It is really depending on someone if they could afford on spending up their precious coins or would simply stick with their fiat on buying something.

AliKhan189

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Quote from: ajaxtempest on June 03, 2022, 03:36:25 AM

Purchased a VPN for 20$ back in 2013. It is worth now 700$

I would recommend spending Bitcoin on Amazon. because better then your investment

mindrust

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

Bought a few domains years ago from namecheap and I don't remember I used my coins to purchase anything else really. Maybe there were a few other occasions but I forgot. Bitcoin as a store of value makes more sense than using it as a medium of exchange anyway. Why would anybody spend their coins today if he/she can buy more of the same stuff for the same amount of coins tomorrow? Deflationary assets should be saved, not spent. If you are going to spend, spend your FIAT because it is losing value in the long term.

Ahli38

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lately I've become quite often using crypto as a means of payment when transacting with people I know and they are also crypto users. don't miss bitcoin, I've also used it. recently I bought a cabinet and SSD kit for a laptop.

Before you make this thread i also created a thread whose content is almost the same as the one you created. maybe you can see other experiences in this thread (https://bitcointalksearch.org/topic/m.60251920

ajaxtempest

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Quote from: aoluain on June 03, 2022, 02:51:04 PM

Quote from: NeuroticFish on June 03, 2022, 12:31:17 PM

Quote from: Welsh on June 03, 2022, 12:26:28 PM

Like I said, I hardly spend my Bitcoin these days, and in the next few years that isn't likely to change. The potential of Bitcoin's price, is probably our undoing.

I find that extreme too and I don't want to do that.
I prefer the "keep some, sell some" approach. This way my family's budget gets a most welcome boost now and then and I'm fine too, if I die tomorrow at least I've also spent some of my coins.

Yea, me too. I have spent some, donated some, lost some and gambled some but
predominantly saved/invested it. I think this is what is happening the most,
the vast majority of people who have been into Bitcoin for at least a few years are
in the HODL camp.

Quote from: ajaxtempest on June 03, 2022, 03:36:25 AM

Purchased a VPN for 20$ back in 2013. It is worth now 700$

I have an interesting take on this, If you had spent FIAT to buy the VPN then, It would
be worth $700 in Bitcoin too. Bottom line is you needed the VPN, how did you get
the Bitcoin?

it dont remember. My regret is that i should have bought it and HODL when i had known about bitcoin back in 2011.
Started it this year only.

qwertyup23

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

I have bought tons of stuff using BTC- one of the notable one was back in the years of 2017-2019 where I used majority of my BTCs (converted them to cash thru our local exchange) were spent and allocated in order to purchase additional educational materials (e.g. books, pens, etc.) to partially fund my college experience.

Like what I usually comment on similar posts like these, this forum is truly a blessing not only for me but also to my family as they indirectly benefitted from it. Without the convenience of working online, I would probably be working beyond normal work hours just to make ends meet.

Currently, majority of my BTCs are kept in my local exchange and separate wallet for security. While keeping them here may be relatively safe, it is still highly advisable to transfer them to a hardware wallet in the future.

DoublerHunter

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

^ Sad to say, BTC did not meet its goal as an alternative payment system based on the Whitepaper that wrote by the BTC creator.
People much prefer to use BTC as an asset not as a mode of the payment system, because BTC is really hard to accumulate, every single sats are very important because of its value that time to time it will become expensive. I have BTC but I hoarded this because I know the value will keep increasing and waiting for the next ATH. However, you can buy anything using BTC if you wanted to spend it as a currency, it also depends on your country's jurisdiction.

xSkylarx

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Answered this multiple times on this forum, nothing changed in our country. The only thing I bought was a digital wallet code for a game Bitcoin is still not that accepted by people so you can only buy digital goods with it. There is one merchant here that accepts bitcoin to pay your electricity bill but I feel a little bit guilty once when I use it to pay our bill as I treat it to be more of my investment. But during hard times, it's really hard to not touch it.

MommyElsa

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us

I was able to buy more products from my income with bitcoin but was able to convert it into cash not directly paying the products thru bitcoin. But you can do btc payments as long as the seller permits to pay your purchases with bitcoin.

nurilham

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Quote from: MrDave on June 03, 2022, 03:07:52 AM

-snip- do you use bitcoins as an investment or ever bought anything with bitcoins?

This question has been discussed many times in this forum. Have you tried to look for the answers or checked a similar thread?

I never bought anything with BTC, I only used it for investment. Here, in my country, it is forbidden to use as a payment tool. So, simply I avoid using it for paying for any goods or services. You must know there are many countries that limit the use of BTC, even some still treat BTC as an illegal thing. This question probably fits with people in a country that legalize BTC for both investment and payment purposes.

bitbollo

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I have used bitcoin for buying some collectibles.
I have spento Bitcoin converting in cash and pay close to everything ... Likewise taxi, food in a market,pizza, drink, ticket for a stadium, likewise everything .... But not pay directly ...

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