Topic: How does it feel to spend bitcoins and soon after the price goes up? (Read 1425 times)
For me, it's really nothing. As I spend my coins, I will make sure that I buy back the same amount to cover back the shortfall. Sometimes the price is higher, sometimes lower but I just make sure I did that within days and therefore the price fluctuation won't be so much. If I lose, I lose small similarly if I gain, it makes very little difference.
July 17, 2015, 02:28:02 AM
most of the purchases i make with bitcoin are made in terms of fiat, so when the price goes up and i make a purchase, it feels like i got to take part in a little sale. 
the opposite also hold true when the price goes up after making the purchase, but theres nothing that can be done with the bitcoin price volatility.
the opposite also hold true when the price goes up after making the purchase, but theres nothing that can be done with the bitcoin price volatility. July 17, 2015, 02:23:01 AM
Everyone hates it when they don't get in on the increasing Bitcoin price. In hindsight, it's always hard to accept you missed out on the opportunity to make millions. It's not something to dwell on though. I feel the price should increase from the point we are at now. Of course you won't become a millionaire, but any type of ROI is notable.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 17, 2015, 01:48:27 AM
The same as it should feel if you spend your fiat on something other than bitcoins before the price goes up.
When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".
Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".
Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
Just say to myself I bought stuff at higher prices than this ^^
That said it's not as extreme as Litecoin has been in the last little while.
July 17, 2015, 01:44:04 AM
But imagine if all people doing this also,... bitcoin price will keep stable even decreasing
if "all people" paying with paypal these days will start using bitcoin overnight, I can quit my job..:)
btw, all depends on demand and demand depends only on public interest and needs in bitcoin/privacy and trust to current banking system. we simply need more users and doesn't matter if they will hold, buying pizza every day or short trading on exchange..massive adoption is key and behaviour not impacting price at all.
July 17, 2015, 01:27:23 AM
What can I say if something like that happen. If I know this would be happen, then I will wait bitcoin price goes up before I spend it.
But imagine if all people doing this also,... bitcoin price will keep stable even decreasing
But imagine if all people doing this also,... bitcoin price will keep stable even decreasing
July 17, 2015, 01:21:55 AM
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
yes, very good and clear logical argument.
unfortunately, some people are not smart enough to realize it and using words like Joe: "hohoo, bitcoin is low right now, so I will buy it with fiat". One other hand, it is kind of psychological effects, which blocks the logic. Is simply quite "hard" to sell something for lower price, than you bought it. Even it doesn't matter, once you will buy it with fiat..from some perspective, I somehow understands it..
July 17, 2015, 01:10:21 AM
I think the opposite is also true... What if, the pizza guy, bought 2000 Bitcoins at $1000 and the price went up to $10 000 and he decided not to sell or buy a bunch of things, in the hope that it would go up to $100 000 and then it goes down to $200 and it stays there.
We have no crystal ball, and the pizza guy {Lazlo} did not either... What we do have, is information showing that Bitcoin will become more rare over time. {Block halving} and it's merchant adoption is increasing.
The VC Capital investment is going through the roof, and a lot of governments are looking more relaxed at Bitcoin now.
These are all indicators that it's going to go mainstream and it's value will increase... BUT it's not a perfect world in Bitcoin... We have so many scammers and criminals and hackers trying to profit from it, and the next scandal is just around the corner.
We have no crystal ball, and the pizza guy {Lazlo} did not either... What we do have, is information showing that Bitcoin will become more rare over time. {Block halving} and it's merchant adoption is increasing.
The VC Capital investment is going through the roof, and a lot of governments are looking more relaxed at Bitcoin now.
These are all indicators that it's going to go mainstream and it's value will increase... BUT it's not a perfect world in Bitcoin... We have so many scammers and criminals and hackers trying to profit from it, and the next scandal is just around the corner.
July 17, 2015, 12:19:42 AM
The same as it should feel if you spend your fiat on something other than bitcoins before the price goes up.
When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".
Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".
Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
this is classic debate on whether bitcoin is an investment or can it be a currency.
for those who see / use bitcoin as another currency it doesn't matter what the price is, like the pizza story. they don't care if the price will go up the next day or falls to the ground because they are spending as they earn.
but for those who see it as an investment and don't see the potential of a currency (at least not yet) it is supper hard to even thinking about spending bitcoin while it can go up and they make huge profit from their investment.
July 16, 2015, 04:37:06 PM
whenever i pay with bitcoin, i try to buy back the same amount of bitcoin with fiat as soon as possible...
July 16, 2015, 02:59:58 PM
I feel even more awful when I miss a opportunity to buy BTC at 280 and the next day I see the price is over 300.
July 16, 2015, 02:14:02 PM
I honestly don't mind. At worst I'll go "Oh well," but it shouldn't matter. I'm just happy I was able to use Bitcoin as a payment method.
Well to purchase something immediately the bitcoin price doesn't matter, but if you hold the bitcoin for a mid/long time then the price does matter very much.
July 16, 2015, 02:08:41 PM
I honestly don't mind. At worst I'll go "Oh well," but it shouldn't matter. I'm just happy I was able to use Bitcoin as a payment method.
July 16, 2015, 02:05:51 PM
There is someone who speaks to your head and saying "why why did you do that. Didn't you know what will happen ?"
But after that i keep relax, there is nothing that you can do after it's done.
But after that i keep relax, there is nothing that you can do after it's done.
Exactly and it is least concerned once we have already spent. You cannot keep on regretting on it and why we are earning?? whether its bitcoins or fiat, we are earning to spend so if we keep on thinking like that then its better not to hold either fiat or bitcoins.
We are earning to spend, you are right but why not to be a bit economist and think where we spent them.
There are people who are also spending on porn sites. I don't think that it sounds great that people are spending their valuable bitcoins only for watching a porn. Lol..What should we say to this people?? And spend only when required or else you have fiat to take care off.
Well i dont want to mention that name they are lost, hope they will be back to the normal life. There is nothing to earn there.
July 16, 2015, 01:53:22 PM
There is someone who speaks to your head and saying "why why did you do that. Didn't you know what will happen ?"
But after that i keep relax, there is nothing that you can do after it's done.
But after that i keep relax, there is nothing that you can do after it's done.
Exactly and it is least concerned once we have already spent. You cannot keep on regretting on it and why we are earning?? whether its bitcoins or fiat, we are earning to spend so if we keep on thinking like that then its better not to hold either fiat or bitcoins.
We are earning to spend, you are right but why not to be a bit economist and think where we spent them.
There are people who are also spending on porn sites. I don't think that it sounds great that people are spending their valuable bitcoins only for watching a porn. Lol..What should we say to this people?? And spend only when required or else you have fiat to take care off.
July 16, 2015, 01:47:54 PM
The problem is people segregate money into different mental accounts. That is my "bitcoin money". That is my "movie ticket money".
An interesting experiment - If it costs $10 to watch a movie and you think it is worth it, you buy the ticket and watch the money.
If you buy a ticket and then lose it, would you buy another ticket to watch the movie?
An interesting experiment - If it costs $10 to watch a movie and you think it is worth it, you buy the ticket and watch the money.
If you buy a ticket and then lose it, would you buy another ticket to watch the movie?
July 16, 2015, 01:36:49 PM
I definitely used to have that syndrome. But somehow 80% of shopping I do with Bitcoin end up with the price going down in the hours/days after I've been actually really lucky on that...
I eventually ended up just not caring. I still try to spend either on discounts or on price bumps, but I'm really not concerned if the price goes up afterwards.
I've been actually really lucky on that...I eventually ended up just not caring. I still try to spend either on discounts or on price bumps, but I'm really not concerned if the price goes up afterwards.
July 16, 2015, 01:15:23 PM
How does it feel to spend bitcoins and soon after the price goes up?
I'm the opposite. I'm dissapointed I don't get the chance to spend them just after the price then crashes back down again
.
I'm the opposite. I'm dissapointed I don't get the chance to spend them just after the price then crashes back down again
. 
July 16, 2015, 01:06:39 PM
that's why i'm not spending it for the moment, and until the price is right or until i can use them directly, but always with a good value
for how i'm seeing it, bitcoin's value should be between 1k and 10k, before it will be comfortable to spend it, without thinking that i'm wasting money because of its veiled potential
for how i'm seeing it, bitcoin's value should be between 1k and 10k, before it will be comfortable to spend it, without thinking that i'm wasting money because of its veiled potential
July 16, 2015, 01:05:27 PM
There is someone who speaks to your head and saying "why why did you do that. Didn't you know what will happen ?"
But after that i keep relax, there is nothing that you can do after it's done.
But after that i keep relax, there is nothing that you can do after it's done.
Exactly and it is least concerned once we have already spent. You cannot keep on regretting on it and why we are earning?? whether its bitcoins or fiat, we are earning to spend so if we keep on thinking like that then its better not to hold either fiat or bitcoins.
We are earning to spend, you are right but why not to be a bit economist and think where we spent them.
Jump to: