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Topic: Do you buy BTC just to use it? (Read 3205 times)

legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
February 28, 2015, 01:15:23 AM
#68
lol, i just buy to hold.
want to make a big profit.

yes, me too.
i buy and hold to become millionaire!

There is little chance either of you are going to get rich just by holding bitcoin. Its one thing to hope to double the money 10 times, and another to profit with a factor of ten.
Its a simple math, but yet somehoe people still believe that with a 100 $ they can make themselves rich. No large risk - no large gain
What im trying to say is that u need to constantly trade in order to magnify your goods.

cheers and good luck

Yes! if you're really looking to get rich with 100$ , you need to wait 3-4 years not only wait but use that 100$ btc to trade carefully making small everyday and then you might look into the possiblity
hero member
Activity: 568
Merit: 500
Smoke weed everyday!
February 27, 2015, 06:19:38 PM
#67
That is some premium you guys get to pay, maybe you can find a trusted trader on here who can give you a better deal than that? OP have you looked into moneypolo and or okpay? The latter is a pain to get verified but you can deposit in sterling then transfer to USD which you can send to btc-e and pay at the cheaper rate, it is a pain but that would bring your price you pay down no doubt. I hold a nice amount not touched and i have the other i play with and when i get more than i started i send that over to my savings so i am always only playing with what i can afford to lose makes trading so much easier without the emotional attachment i used to have playing with it all.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 27, 2015, 05:56:14 PM
#66
lol, i just buy to hold.
want to make a big profit.

yes, me too.
i buy and hold to become millionaire!

There is little chance either of you are going to get rich just by holding bitcoin. Its one thing to hope to double the money 10 times, and another to profit with a factor of ten.
Its a simple math, but yet somehoe people still believe that with a 100 $ they can make themselves rich. No large risk - no large gain
What im trying to say is that u need to constantly trade in order to magnify your goods.

cheers and good luck
newbie
Activity: 29
Merit: 0
February 27, 2015, 05:40:32 PM
#65
lol, i just buy to hold.
want to make a big profit.

yes, me too.
i buy and hold to become millionaire!
newbie
Activity: 19
Merit: 0
February 27, 2015, 04:37:11 PM
#64
lol, i just buy to hold.
want to make a big profit.
legendary
Activity: 840
Merit: 1000
February 27, 2015, 04:30:59 PM
#63
I buy them basically so that I can gamble with it.. It has almost no hassle...n sometimes I buy hardware with my coins!
legendary
Activity: 1400
Merit: 1001
February 27, 2015, 01:40:42 PM
#62
I don't buy BTC I just earn a little of BTC and convert it to money if I am of need of some cash. Other than than I buy stuff online for bitcoin like games and hardware.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
February 27, 2015, 01:37:43 PM
#61
I recently bought some bitcoins to use on newegg.. But soon after I made the purchase, the price rose.. I should have kept them.  Angry

LOL! that will go down again

You were away for quite long , has been happening since weeks
These up and down's
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
February 27, 2015, 01:29:13 PM
#60
Hoarding mentality will never be able to spread wide use of Bitcoin. We need to get out of the hoarding mentality and trade bitcoin for stuff. I offer mobile recharges to my friends for bitcoin and then i turn around and order alt coins for bitcoin. This way bitcoin does not stay locked in my wallet but is sent out. I would have loved to spend Bitcoin on purchases but i stay in a country where tech adoption itself is very slow, so bitcoin adoption is a faraway dream. Also somewhere there seems to be a negative perception of bitcoin, that is is used by criminals. This has to stop, the only way we can crush this negative perception is to show people the benefits and ease of using bitcoin through spending it! Smiley
I wouldn't call it hoarding mentality. Simply put, if the price of the Bitcoin is low in relation to fiat, you would spend 'too much' Bitcoins paying for some service. Once the price of bitcoin rebounds the number of people willing to pay for services will increase. No magic here.
legendary
Activity: 1022
Merit: 1005
February 27, 2015, 11:51:09 AM
#59
I'm also saving BTC for future use  Wink

Saving bitcoins is the best policy better than spending them in some stuffs. If the btc prices goes higher overnight, you will be in a good profit In future.

Hoarding mentality will never be able to spread wide use of Bitcoin. We need to get out of the hoarding mentality and trade bitcoin for stuff. I offer mobile recharges to my friends for bitcoin and then i turn around and order alt coins for bitcoin. This way bitcoin does not stay locked in my wallet but is sent out. I would have loved to spend Bitcoin on purchases but i stay in a country where tech adoption itself is very slow, so bitcoin adoption is a faraway dream. Also somewhere there seems to be a negative perception of bitcoin, that is is used by criminals. This has to stop, the only way we can crush this negative perception is to show people the benefits and ease of using bitcoin through spending it! Smiley
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
February 27, 2015, 11:31:49 AM
#58
Yeah I use my BTC to buy electronics n stuff...but mainly to gamble with it..its really easy to gamble with BTC.! Smiley
sr. member
Activity: 462
Merit: 251
February 27, 2015, 11:16:03 AM
#57
I'm using my BTC, gambling with it, buying computer games, sometimes trading on the market. I don't have anything in cold storage at the moment.
legendary
Activity: 1722
Merit: 1014
February 27, 2015, 10:57:59 AM
#56
I'm also saving BTC for future use  Wink

Saving bitcoins is the best policy better than spending them in some stuffs. If the btc prices goes higher overnight, you will be in a good profit In future.
legendary
Activity: 1001
Merit: 1005
February 27, 2015, 04:57:00 AM
#55
I recently bought some bitcoins to use on newegg.. But soon after I made the purchase, the price rose.. I should have kept them.  Angry
legendary
Activity: 1284
Merit: 1042
February 27, 2015, 04:28:03 AM
#54
I'm also saving BTC for future use  Wink
sr. member
Activity: 252
Merit: 250
February 26, 2015, 11:30:26 PM
#53
thats nice, saving bitcoins for future use Smiley
That's right !!! this is certainly an optimal strategy.
sr. member
Activity: 291
Merit: 250
February 26, 2015, 11:10:57 PM
#52
I hold a small position in small storage, for the rest part I spend it buying stuff I want. The tech fascinates me immensely in terms of what it could do if widely adopted.
hero member
Activity: 490
Merit: 500
February 26, 2015, 11:03:29 PM
#51
80% investment, 20% use in my case
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
February 26, 2015, 10:55:26 PM
#50
I never use it to buy something, just sell for profit, or invest to some projects
legendary
Activity: 1722
Merit: 1014
February 26, 2015, 10:51:25 PM
#49
From the 1st day, I have started using bitcoins, I haven't bought anything online using bitcoins.  Whenever I got some bitcoins,  I dropped them in localbitcoin.com and convert them to cash.
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