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Topic: btc is a currency?do u used btc buy anything?and why? (Read 2397 times)

hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
I only use it as a currency. In fact I have never sold a bitcoin. I buy them, then spend them when I shop online. Why? Because it is the fastest, safest, and cheapest way to buy anything from anyone, anywhere on the planet.
Same, I have never sold one, but I am starting up a site and of course I will want to get some cash out of that, but really its pointless to sell your bitcoin.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I only use it as a currency. In fact I have never sold a bitcoin. I buy them, then spend them when I shop online. Why? Because it is the fastest, safest, and cheapest way to buy anything from anyone, anywhere on the planet.
hero member
Activity: 658
Merit: 500
When huge merchants (its already happening, dell, overstock, newegg) start accepting it, especially apple, and restaurants like mcdonalds and sturbucks, start accepting bitcoin, thats when you will realise it will work as a currency. Imagine how simple it would be to order something. Scan a QR code.

Think about those huge companies accepting bitcoin, though. They have huge supply chains of vendors, all requiring fiat for payment.

that's what's i've been thinking for a long time. people say "we should all convince Amazon to accept BTC". thing is, it's gonna take more than convincing. what are they going to do with all the BTC, considering their volume?

Huh
sr. member
Activity: 312
Merit: 250
When huge merchants (its already happening, dell, overstock, newegg) start accepting it, especially apple, and restaurants like mcdonalds and sturbucks, start accepting bitcoin, thats when you will realise it will work as a currency. Imagine how simple it would be to order something. Scan a QR code.

Think about those huge companies accepting bitcoin, though. They have huge supply chains of vendors, all requiring fiat for payment. Either bitcoin makes leaps and bounds in mainstream adoption first, such that those supply chains are partly payable in BTC, or that would be an incredible constant downward push on BTC price.
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
When huge merchants (its already happening, dell, overstock, newegg) start accepting it, especially apple, and restaurants like mcdonalds and sturbucks, start accepting bitcoin, thats when you will realise it will work as a currency. Imagine how simple it would be to order something. Scan a QR code.
member
Activity: 110
Merit: 10
I use it as much as I can so I can try to get more people to discover how well it works.
member
Activity: 80
Merit: 10
I think it's definitely a currency and commodity. I love to buy and spend btc, but it takes a lot to win me over. It has to be a really nice deal and/or btc exclusive.

If I spend it - I buy it back
legendary
Activity: 1012
Merit: 1000
We on P. Sherman 42 Wallaby Way, Sydney
I sports bet with it during football season.

I have played poker with BTC in the past.

I have purchased gift cards with it as well.

I have paid for services before with it. Dropped a few BTC at stripforbit before.

Used to play satoshi dice back in the day. Never spent much there.

Bought a mining share last year.

I think that is all. Besides trading of course.
newbie
Activity: 56
Merit: 0
Trading with BTC seems to be a nice option for people who are experienced with Bitcoin Usage. Those who are novice & arent used to make full use of Bitcoins dont do more than simple transactions with it...
sr. member
Activity: 312
Merit: 250
I sometimes spend my trading gains on Amazon.
member
Activity: 126
Merit: 10
I prefer to keep them using them for trading and any other service that make profit.
hero member
Activity: 658
Merit: 500
i use it when i have it. i bought in a long time ago and keep most in cold storage, but when i get paid for services, etc, i usually keep them in a hot wallet and spend them eventually.
hero member
Activity: 532
Merit: 500
no longer selling accounts
I just used it to buy a laptop from Dell Smiley
legendary
Activity: 1036
Merit: 1000
Thug for life!
I do use BTC to buy things sometimes. Gift cards, orders on Foodler. I don't know if that makes it a currency or not, LOL. The distinction isn't all that important to me.
legendary
Activity: 1792
Merit: 1000
I have bough various things.

If I have some in my KryptoKit browser wallet, it is so much easier to pay with BTC than with fiat.
full member
Activity: 151
Merit: 100
Holding and only using btc to buy miner for now.
full member
Activity: 196
Merit: 100
I haven't made a non-btc purchase in months.

How about day-to-day purchases like groceries? You don't frequent local restaurants/small businesses that don't accept bitcoin? That's crazy, but I guess you're livin' the dream... Smiley

haha. i guess i should make the disclosure that I still live with my parents. so stuff like groceries and whatnot are taken care of by them. and i really don't eat out all that much or frequent local businesses. although i do have a coinbase account that's linked with a netspend bank account/debit card. so if i do happen to actually need fiat for something, that's how i do that. another thing i'll do sometimes is i'll buy some gold or silver bullion via one of the online precious metal retailers and then just go sell that at a local coin shop for cash. but pretty much everything i buy is purchased online through a handful of retailers that either directly accept btc or have gift cards available through gyft.com. like i said, if i can't somehow use my bitcoin to buy it, i don't buy it.
hero member
Activity: 686
Merit: 500
I haven't made a non-btc purchase in months.

How about day-to-day purchases like groceries? You don't frequent local restaurants/small businesses that don't accept bitcoin? That's crazy, but I guess you're livin' the dream... Smiley
full member
Activity: 196
Merit: 100
I haven't made a non-btc purchase in months. If I can't buy it with btc, either directly or indirectly via buying a gift card with my btc, I don't buy it. In fact, I just ordered a pizza a couple days ago using a gift card purchased with btc. What drew me to it as a means of transferring value is the fact that it can be transferred anywhere across the globe within minutes or even seconds with negligible (if any) fees attached. You can't say that about paypal, credit cards, bank/bank transfers, personal check, etc. All those other forms of payment either take days to clear and for the recipient to receive it or they incur very large fees for faster transfer times. As a payment system, Bitcoin (and crypto in general) is light years ahead of any other method except maybe making a physical, hand-to-hand, in-person cash transaction. And even that has its limits because you have to be within arm's reach of who you're handing the money to. Bitcoin really is the currency of the future and not just some bulk commodity to be traded between speculators. All I'm waiting for now is the day when I can completely do away with anything fiat-linked and pay all of my bills and taxes and whatnot with btc. We're not quite there yet, but that day is coming.
hero member
Activity: 686
Merit: 500
Sure, I use BTC to buy things all the time. However, this is probably influenced by the fact that I am sitting on considerable gains (%-wise at least Tongue). Probably wouldn't spend much if I were just buying in now.
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