Do you buy BTC just to use it? - page 2.

tss

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Quote from: HarmonLi on February 25, 2015, 06:33:34 PM

I love to use Bitcoin as well, but right at the moment is a very bad time to spend Bitcoins because the price has gone down quite a bit. The only solution to this may be buying just as many Bitcoins as you need and spend those, instead of spending coins you bought at $500 or even higher!

not sure about uk tax reporting but wouldn't it be best to buy new coins but spend the old expensive coins at a loss to report on paper loss?

yenzae0215

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thats nice, saving bitcoins for future use

randy8777

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at the moment i am holding everything i have. if there is something interesting to buy with bitcoin then i will buy it.
saving and eventually spending is what i will do.

cellard

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Quote from: cafucafucafu on February 25, 2015, 03:25:51 PM

Many of us keep our coins in cold wallets and they do not get used at all.

Keeping coins in cold wallets is using Bitcoin.

Indeed. Me personally I don't use them to buy. I like to store value on them, it's as legitimate of an use as doing groceries with it.

redsn0w

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#Free market

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Quote from: redsn0w on February 26, 2015, 08:42:30 AM

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Quote from: redsn0w on February 25, 2015, 03:46:20 PM

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Quote from: cafucafucafu on February 25, 2015, 03:25:51 PM

Many of us keep our coins in cold wallets and they do not get used at all.

Keeping coins in cold wallets is using Bitcoin.

No I think you are wrong, keep bitcoins in a cold wallet isn't using bitcoin. Spend them for purchase a lot of things every day, like you do with the FIAT money is "using" them. Sorry if I seem arrogant, but this is my personal opinion.

I buy silver and keep it in a box, is that not using silver?

Whit the word "use" I meant : use for buy things , like the lunch, a t-shirt, a coffee, etc.... I also have some old FIAT value , but it doesn't mean that I'm using them, I'm only collect them.

If I had some shops in my community I would definitely buy Bitcoin just for spending, but sadly I am not in a very trend forward location.

Me too, but you can use them for buy stuff online (like technology products, books , etc...). Here in my city only a couple of merchant are accepting bitcoin as method of payment (through bitpay).

uki

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cryptojunk bag holder

Quote from: patt0 on February 26, 2015, 11:54:11 AM

Quote from: uki on February 26, 2015, 08:28:17 AM

For now I keep my BTC in cold storage, as the fiat price is way too low to use BTC otherwise. But I expect to change that pretty soon.

Me too, it's rare that I use bitcoins to buy things. The last time I used them was to buy a game online.
But where I live I can't spend them anywhere else. I've never seen a shop that accepts bitcoins here. : /

I have some cafes around where I could pay with BTC, but at the current prices I prefer to accumulate BTC rather than spend them.

patt0

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Quote from: uki on February 26, 2015, 08:28:17 AM

For now I keep my BTC in cold storage, as the fiat price is way too low to use BTC otherwise. But I expect to change that pretty soon.

Me too, it's rare that I use bitcoins to buy things. The last time I used them was to buy a game online.
But where I live I can't spend them anywhere else. I've never seen a shop that accepts bitcoins here. : /

najzenmajsen

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Quote from: cafucafucafu on February 25, 2015, 03:25:51 PM

Many of us keep our coins in cold wallets and they do not get used at all.

Keeping coins in cold wallets is using Bitcoin.

its using it , in a non - currency way which it was meant for. bitcoin is basically working like gold atm , which wasent the point.
The point was literally FIAT but without the middlemen

Beymond

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Yes ! more likely , i buy it for using it , and just a small amount stay away which is used for trading

evansearle42

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Quote from: cafucafucafu on February 25, 2015, 03:25:51 PM

Many of us keep our coins in cold wallets and they do not get used at all.

Keeping coins in cold wallets is using Bitcoin.

That is really not good for the long term success of bitcoin. If you do not spend any of your bitcoin then there will be no bitcoin commerce, and if there is no commerce then there would be no reason it would have value

Daniel91

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Right now, there is no much places where I can use BTC.
So, when I earn some bitcoin, I cash out it through paypal directly to my bank account.
It will be great if I could use my bitcoin funds for buying different digital products or services in my country, but still this is not the case.

redsn0w

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#Free market

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Quote from: redsn0w on February 25, 2015, 03:46:20 PM

Quote from: ?? on ??

Quote from: cafucafucafu on February 25, 2015, 03:25:51 PM

Many of us keep our coins in cold wallets and they do not get used at all.

Keeping coins in cold wallets is using Bitcoin.

No I think you are wrong, keep bitcoins in a cold wallet isn't using bitcoin. Spend them for purchase a lot of things every day, like you do with the FIAT money is "using" them. Sorry if I seem arrogant, but this is my personal opinion.

I buy silver and keep it in a box, is that not using silver?

Whit the word "use" I meant : use for buy things , like the lunch, a t-shirt, a coffee, etc.... I also have some old FIAT value , but it doesn't mean that I'm using them, I'm only collect them.

ericpfdz

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If you want to get some Bitcoin, try working for it. If you have a valuable skill, you can work for people in exchange for Bitcoin. I do it, and it works great!

Also, a new exchange I was checking out called Gebbit is pretty cool. It is brand new, and hardly has any traders yet. Its worth taking a look at Gebbit.com . They have a sleek contemporary design that is perfect for people new to Bitcoin. The fees aren't that bad so you can buy Bitcoin and spend it pretty well.

uki

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cryptojunk bag holder

For now I keep my BTC in cold storage, as the fiat price is way too low to use BTC otherwise. But I expect to change that pretty soon.

Q7

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Well, I do buy my coins and at the same time do some work to earn it. I keep most of it in cold wallet and leave some in my phone to buy certain things that I want like for example domain name or even at the local eatery that accepts bitcoin. When it comes to buying the coins, I don't mind paying about 10 - 15% extra as long as I know the sellers keep their promise to deliver.

Allurestorm

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Bitcoins truly have the potential to change the way we do transactions and revolutionize our decades-old banking system but most people only look at their value in dollar. It's totally normal to want to profit from something but greed is actually hampering a wider adoption of bitcoins. People don't use them for fear they will lose an opportunity to profit from a possible price rise. Probably if BTC stays at current levels for a while we will get rid of some speculators and start focusing on the usefulness of BTC rather than their value

skinnyboy

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Personally I keep a certain amount, as a "just in case" option, and then I buy some when I want to spend it, because, as others pointed out, it's only by actually using it as a currency that it becomes a currency.

By the way OP mentioned that he's a brit without an easy to use exchange.

Check tese guys out. Not a referral link unfortunately.

https://coinfloor.co.uk/

gkv9

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!!! RiSe aBovE ThE StoRm !!!

I don't think that BTC is made just to be used as in most cases, we can either store them in some places giving some interests just like our bank gives us, or else even trade 'em in order to increase 'em...

Hamuki

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Quote from: Madness on February 26, 2015, 04:57:24 AM

Quote from: Hamuki on February 26, 2015, 04:55:33 AM

Quote from: Madness on February 26, 2015, 04:52:31 AM

I stoppped using my BTC since I joined Bitcointalk forums to be honest , now I only give loans but get my money back eventually .
I prefer holding and hoping that the price will rise eventually (couple of years or something)

~ Madness

You never use it when buying something online or something like that?

Nop , never .
Well I was but I stopped when I joined bitcointalk as I said above . Most of the time I use my credit card or Paypal for online Purchases , beside all Bitcoins are full profit . I never bought them or anything only getting them from Selling digital goods , offering services or sig compaigns around here .

~ Madness

Hmm... I only use my fiat for things IRL.

I do almost everything else online with BTC since its my "funny money"

So BTC is just a hobby for me.. That I profit a little from Tongue

zetaray

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I buy bitcoin frequently, never used it to pay for anything. I would like to buy something nice with bitcoin but I can't. I don't live in the US.

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