Bought anything with btc? - page 2. | Bitcointalksearch.org

molsewid

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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

In my own opinion, I rather use bitcoin as an investment and fiat to buy goods. Don't get me wrong but I might give higher amount to store owners than what is actually needed, I mean what if bitcoin price gets higher so it means that the amount of bitcoin I pay before is not the same anymore so it will be a disadvantage to me, maybe I could use other crypto coin such as usdc, usdt, but if bitcoin? I will only use that for investments.

TheNineClub

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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

Using it as an investment but I also bought a ciple of things online with it. Not much, just to see how it works. I would be inclined to buy more if there were more options where I live, but alas there are not. The only thing I haven't tried is buying groceries at a local shop that accepts it, I might try that out.

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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.

If you really bought earlier you have nothing to worry about your investment. Early adopters really occupied the safe slots and which I know bitcoin cannot reverse to worth less than $10,000 again. People that join from 2021 till date are people that are supposed to be panicking when there is bear.

But regarding Op's question, until we begin to see bitcoin as a currency to be spent and recieved, there will always be breach in circulation. It is not really a disadvantage though, because it is the nature of bitcoin.

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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

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.

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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

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.

BIT-BENDER

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Well from my perspective I doubt if Bitcoin is an investment opportunity for average earners, am just saying, too me I rather see Bitcoin as a better payment option than me using Fiat, I readily jump at the opportunity if someone offers to pay me in bitcoin or if I want to purchase something and those rendering the services chooses to accept Bitcoin. Technically it make transactions less of a worry. So I can’t recall all I have bought with Bitcoin but I sure do use it a lot.

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As I said before, Bitcoin is just money, so I am doing a little bit of both. It’s money that can be used to buy anything at any time. I also bought some and sold some. But I also bought some coins as an investment, for sure, because I know that they have future value.

aoluain

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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?

wxa7115

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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

Most user members use bitcoin both ways, it is an investment but they also use their bitcoin to buy whatever they want or need since the number of people and businesses accepting bitcoin as a payment keeps increasing so it is not rare this is becoming more and more common.

Now I have mostly used my bitcoin to buy digital goods, however there are also many members which have used their bitcoin to buy physical goods as well, and while this is not as common as we may like we are slowly approaching the time in which this will be easier and convenient to do.

OgNasty

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It's getting more and more difficult to spend BTC these days. Trying to spend some BTC today and the payment provider wanted me to KYC... Crazy. I've never been asked to KYC to spend my own money before. As I see the way Bitcoin is being assimilated into existing finance, it seems like it will be used as one hell of a financial surveillance tool. I see now why they're spiking inflation to accelerate the removal of cash from society. Thankful that some projects like btcpayserver are trying to offer the option for making private payments but I wonder how long they'll be allowed to operate. After spending 2 decades thinking cash was for fools to hold, I'm now starting to see how cash will again become King. I suspect in another 18 months there will be others who see the value of having cash on hand.

mia_houston

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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

So far my country still prohibits the use of bitcoin as a means of payment, so it would be a violation of the law if we use it as an alternative payment for goods or services, so like it or not we can only use bitcoin as an investment asets and get profit from trading in the market, maybe not only my country has no legality regarding the use of bitcoin as a means of payment, but I am sure that most of the members here are also stay in countries that prohibit the use of bitcoin as a means of payment.

Cling18

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I prefer Bitcoin as an investment but when I hit a good profit last year, I purchased a mobile phone as a treat and a peace of remembrance for the last bull run. It's a good thing that there are already lots of local stores in our country that accepts Bitcoin. As a part of my journey with Bitcoin, I would personally do this every time I gain a good profit from it. Of course, I will save most of it for reinvestment but I would love to hold and see the fruits of my profit.

Welsh

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

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.

Yeah, I can understand that. At the moment, like I said I'm only using my Bitcoin for things that I couldn't get with fiat. Then using Bitcoin to boost my wealth if/when it actually increases. Although, I haven't sold any for a while now.

I use to want to use it as a currency, and I was probably within the mindset of you should use it for everything, but that has changed over the years for me. I do think it's vital that people are using it for both though.

I guess it entirely depends on the situation of the person. Where I live there aren't too many places accepting Bitcoin. Those in cities will likely have much more options. The services I use to get my stuff don't currently use it. I could use a payment processor, but that's just going around the fence, when I could just jump over it using fiat.

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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

Almost forgot, but what I often do is buy something from the trading results generated from Bitcoin. Since there is no official payment method in our country to buy anything with Bitcoin, of course most of us just convert it to fiat. Going forward, we certainly hope that Bitcoin purchases will be allowed.

NeuroticFish

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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.

Welsh

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Quote from: NeuroticFish on June 03, 2022, 12:23:21 PM

Now it's old enough for Win11 not installing on it

Talk about silver linings...

Quote from: NeuroticFish on June 03, 2022, 12:23:21 PM

I could now buy a new car for those bitcoins.

I think that's the main reason why Bitcoin is being used as a reserve currency rather than a traditional currency these days. It has no doubt effected me, and how I treat Bitcoin. 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.

NeuroticFish

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The most expensive thing I've bought for bitcoin was a laptop.
Now it's old enough for Win11 not installing on it and I could now buy a new car for those bitcoins.
But yeah, life goes on and money come and go...

GreatArkansas

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I haven't tried to buy material things but I already tried to use or bought a service via Bitcoin.
There are already a lot of ways to do it now, it's not only physical things, you can also use it by paying for some services especially online.
I'm just glad we can do this now, I'm treating Bitcoin just like a normal currency that we are using in our daily lives.

Flexystar

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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 purchased amazon gift cards from local vendors by exchanging the bitcoins for little extra margin. Then spent those gift cards over amazon to by stuff. Basically that's the best way available in my region to spend the bitcoins. However, there are many website which allow bitcoin payments for direct shopping purchases. Its getting very open market these days and hopefully it will continue to emerge so as to we see "bitcoin accepted here" tag everywhere.

I am happy with the bitcoin the way it is right now. I am using it for both the operations, storing for long term investment and spending only whenever I need to do so.

BitcoinPanther

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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 use Bitcoin to pay my bills. Aside from that I also buy altcoins with it. Whenever I order an item online and there is an option to pay with BTC, I choose to pay with BTC.

Quote from: RyanSmith23421 on June 03, 2022, 11:47:42 AM

Both actually. But I feel like we should look at BTC as a form of investing only... Just my personal opinion.

Looking it that way beats the purpose of why Bitcoin is created but then you are entitled to your personal opinion.

Topic: Bought anything with btc? - page 2. (Read 525 times)