for now just collect it
Topic: Do you USE your BTC? - page 46. (Read 31023 times)
sometimes I use to transaction with my friends
for now just collect it
for now just collect it
Gambled my BTC and lost!
Many are probably in my case
Many are probably in my case
yes i am looking for BTC to be sold and turned into money, and I bought goods
because in my country there is very little wear payments BTC
I do not store them in the long run because the price could be dropped
regards.
because in my country there is very little wear payments BTC
I do not store them in the long run because the price could be dropped
regards.
I'm definitely in the accumulation phase of my Bitcoin experience.
But, I completely agree with the "do as you do" folks. Spending is good for the Bitcoin economy, just as spending is good for the US (or any other country's) economy.
But, I completely agree with the "do as you do" folks. Spending is good for the Bitcoin economy, just as spending is good for the US (or any other country's) economy.
is it? i actually don't know. the vast majority of merchants accept bitcoin through bitpay or coinbase. they, in turn, provide the merchants with fiat (they sell or hold to sell later). what we don't know much about is off-exchange demand then.
Over the last couple of weeks i have seen my self spending more and more bitcoins that i have but i mostly use them to pay for my internet connection.
I'm definitely in the accumulation phase of my Bitcoin experience.
But, I completely agree with the "do as you do" folks. Spending is good for the Bitcoin economy, just as spending is good for the US (or any other country's) economy.
But, I completely agree with the "do as you do" folks. Spending is good for the Bitcoin economy, just as spending is good for the US (or any other country's) economy.
Starting to use it more and more. I was about to buy a laser off someone on laserpointerforums with paypal until out of curiosity, I asked if he accepted bitcoin. To me surprise, he did. Sent btc, and boom, within a day he sent me my tracking number. That was such a smooth transaction.
i earn it and i save it until i think i need some money and i make it real cash
easy and efficient bitcoin will be revolutioner later and i save more in my private wallet who never online ..
thats my plan and my step to save bitcoin securely and straight in plan
easy and efficient bitcoin will be revolutioner later and i save more in my private wallet who never online ..
thats my plan and my step to save bitcoin securely and straight in plan
I keep telling everybody, if you believe in Bitcoin (like me), do as I do:
1. SPEND your bitcoins wherever you can! The more Bitcoin is being used for actual economic traffic, the more Bitcoin will go mainstream and its acceptance and wide adoption will grow!
2. Buy back (at your exchange or wherever you prefer) the amount of bitcoins you spent, since you understandably don't actually want to lose your bitcoins.
This way you stimulate the growth of Bitcoin in TWO ways: First you take part in the actual Bitcoin economy, by using it as a real life means of payment, thus making Bitcoin more viable as an alternative to fiat money. Second, you contribute to the demand for bitcoins on the market, by buying them back. Win-win!
Seriously, think about it. You can't expect Bitcoin to magically grow huge all by itself, when nobody is actually using it. If you want and expect your bitcoins to go sky-high, even if you're only speculating: SPEND THEM! (and buy back the same amount of bitcoins right away)
I try to do this as well. There are unfortunately a limited number of merchants that accept bitcoin so it isn't always possible to spend bitcoin every day 1. SPEND your bitcoins wherever you can! The more Bitcoin is being used for actual economic traffic, the more Bitcoin will go mainstream and its acceptance and wide adoption will grow!
2. Buy back (at your exchange or wherever you prefer) the amount of bitcoins you spent, since you understandably don't actually want to lose your bitcoins.
This way you stimulate the growth of Bitcoin in TWO ways: First you take part in the actual Bitcoin economy, by using it as a real life means of payment, thus making Bitcoin more viable as an alternative to fiat money. Second, you contribute to the demand for bitcoins on the market, by buying them back. Win-win!
Seriously, think about it. You can't expect Bitcoin to magically grow huge all by itself, when nobody is actually using it. If you want and expect your bitcoins to go sky-high, even if you're only speculating: SPEND THEM! (and buy back the same amount of bitcoins right away)
Well, I don't have a lot of BTC at all, so I don't really spend it.
Read my previous post above. Doesn't matter if you have a ton of bitcoins or just a few. If you want your not-a-lot-of-BTC to go sky-high, spending it is exactly what you should do (and keep buying back the same amount of bitcoins right away).
Well, I don't have a lot of BTC at all, so I don't really spend it.
I keep telling everybody, if you believe in Bitcoin (like me), do as I do:
1. SPEND your bitcoins wherever you can! The more Bitcoin is being used for actual economic traffic, the more Bitcoin will go mainstream and its acceptance and wide adoption will grow!
2. Buy back (at your exchange or wherever you prefer) the amount of bitcoins you spent, since you understandably don't actually want to lose your bitcoins.
This way you stimulate the growth of Bitcoin in TWO ways: First you take part in the actual Bitcoin economy, by using it as a real life means of payment, thus making Bitcoin more viable as an alternative to fiat money. Second, you contribute to the demand for bitcoins on the market, by buying them back. Win-win!
Seriously, think about it. You can't expect Bitcoin to magically grow huge all by itself, when nobody is actually using it. If you want and expect your bitcoins to go sky-high, even if you're only speculating: SPEND THEM! (and buy back the same amount of bitcoins right away)
1. SPEND your bitcoins wherever you can! The more Bitcoin is being used for actual economic traffic, the more Bitcoin will go mainstream and its acceptance and wide adoption will grow!
2. Buy back (at your exchange or wherever you prefer) the amount of bitcoins you spent, since you understandably don't actually want to lose your bitcoins.
This way you stimulate the growth of Bitcoin in TWO ways: First you take part in the actual Bitcoin economy, by using it as a real life means of payment, thus making Bitcoin more viable as an alternative to fiat money. Second, you contribute to the demand for bitcoins on the market, by buying them back. Win-win!
Seriously, think about it. You can't expect Bitcoin to magically grow huge all by itself, when nobody is actually using it. If you want and expect your bitcoins to go sky-high, even if you're only speculating: SPEND THEM! (and buy back the same amount of bitcoins right away)
My business accepts BTC and we still receive orders, so some people certainly are 
They are mine. Mine!
No, I don't use my bitcoins. No one local takes them and I do most of my shopping local opposed to on-line, there is higher than normal unemployment in my area so supporting local businesses is very important.
Also, the various on-line places that take it seem to want me to sign up for a web wallet account at least historically - and I don't want to play that game. That's no different than PayPal
Either I enter a payment address into my client and I'm done or it isn't usable to me.
Also, the various on-line places that take it seem to want me to sign up for a web wallet account at least historically - and I don't want to play that game. That's no different than PayPal
Either I enter a payment address into my client and I'm done or it isn't usable to me.
I try not to. I find it pains me when I spend money currently, when at certain points in history that would be worth 50% more.
ahhh, the trouble with deflationary currency!
i'm way up from my original buy-ins, so i don't mind dipping into my stash a bit to pay for some nice things sometimes...
It's only a problem if it is Deflating at like 30% a year.. DO you REALLY think someone would put off buying a Bike for $100 because next year it will be worth 98.5? Like really?
On topic: I've donated around .5 BTC to people all over.
I try not to. I find it pains me when I spend money currently, when at certain points in history that would be worth 50% more.
ahhh, the trouble with deflationary currency!
i'm way up from my original buy-ins, so i don't mind dipping into my stash a bit to pay for some nice things sometimes...
I try not to. I find it pains me when I spend money currently, when at certain points in history that would be worth 50% more.
My bitcoin journey started a few weeks ago and I'm already using it a LOT.
I use it to order my delivery pizza's, for various online services like fiverr for example, and especially for bitcoin gambling.
I tried to use it for buying my necessary daily dose of weed, and no... not on the silk road but just at the coffeeshop around the corner as I live in Holland. Unfortunately, they don't accept bitcoins YET but maybe the "POTcoin"
is gonna change that.
I use it to order my delivery pizza's, for various online services like fiverr for example, and especially for bitcoin gambling.
I tried to use it for buying my necessary daily dose of weed, and no... not on the silk road but just at the coffeeshop around the corner as I live in Holland. Unfortunately, they don't accept bitcoins YET but maybe the "POTcoin"
is gonna change that. 
all my coins are bought
Have bought a few games for steam, still hoping more places accepting them (or at least have trusted sites that help to convert it) so I can use more services without entering CC info.
Have bought a few games for steam, still hoping more places accepting them (or at least have trusted sites that help to convert it) so I can use more services without entering CC info.
That's actually a great thing. Most places know of Bitcoin and have started to consider Bitcoin so we might hear less of credit card fraud.
Credit card fraud? That's a strange thing to worry about considering one out of every 16-17 Bitcoins belongs to someone who stole it. If you ignore the 5 million or so of hoarded Bitcoins and that means about 1 in 6 Bitcoins have been stolen.
There is a thread on this forum that shows a fraud total of 818,485 stolen Bitcoins worth around $500,000,000.00. That means almost 7% of all Bitcoins in existence have been taken by fraud. Could you imagine a credit card company, or any company for that matter, staying around long if 7% of their business was involved in fraud? I don't think so.
As per https://bitcointalk.org/index.php?topic=576337.0;all the 2014 equivalent BTC stolen is roughly 22,400 BTC or ~$14 million.
Another point is that some of these coins have subsequently been traded to other users either from the perp selling the coins or from them exchanging them for goods/services. In theory some of the "coins" that were stolen could have been stolen more then once (thief steals coins from victim a, transfers coins to an exchange, and the exchange has all their coins stolen from thief b).
It should also be noted that there is a large percentage of cash that has been at one point stolen.
You're right, it is closer to a billion in today's dollars. Don't forget to add the Gox coins to your number. The Bitcoin economy compared to any other economy in the world is minuscule. The market cap of Apple computers is 50 times larger than Bitcoin. Facebook is 17 times larger. I wonder if 1 in 6 Apple computers are stolen? Of course cash is stolen but Bitcoin isn't cash. He was comparing it to credit card fraud. Oh, with credit cards you are only responsible for the first $50 of loss. If Allinvain were using credit cards his total loss would have been $50.
I get your point but he was talking about Bitcoin helping with credit card fraud. Credit cards don't have the fraud problem for card users, Bitcoin does. Credit cards users are already protected from fraud.
Quote
MasterCard Zero Liability Protection
Have peace of mind knowing that the bank that issued your MasterCard won't hold you responsible for "unauthorized transactions." Zero liability applies to transactions made in the store, over the telephone or online. As a cardholder, you will not be held responsible for unauthorized transactions.
Have peace of mind knowing that the bank that issued your MasterCard won't hold you responsible for "unauthorized transactions." Zero liability applies to transactions made in the store, over the telephone or online. As a cardholder, you will not be held responsible for unauthorized transactions.
Jump to: