Lmao @ people buying subway and etc w/ BTC!!! - page 3.

hilariousandco

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Quote from: corebob on November 22, 2013, 11:16:16 AM

Quote from: SaltySpitoon on November 21, 2013, 08:47:06 PM

Unless no one spends their coins, in which case in a year or two your BTC will be worth 0

Thats right.

Those who has a lot of btc should put some of them into the market we need to build, even if it doesn't pay off right away

Nope. If people buy up all the shares of a company or all the gold or whatever, it doesn't make them worthless; it makes them rarer and therefore worth more. Bitcoin, like anything, only gets its value from what people are prepared to pay for it. And people are still buying and selling Bitcoin. Sure, there's more and more hoarders everyday, but Bitcoins are constantly coming into circulation via mining and those miners need to eat and pay their electric bills. Scarcity only pushes the value of something up and there will always be people who decide to capitalise on this and sell their coins.

BTC is a currency after all, you are free to buy, sell, trade or save. Completely up to you.

vandeam

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i would love to use my bitcoins.. but in my country there are only 5 places to use bitcoin.. so cant really buy much.. and far from home
only 1 restoruant :\

crazy_rabbit

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Quote from: Dafar on November 21, 2013, 08:52:54 PM

Quote from: beetcoin on November 21, 2013, 08:48:31 PM

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

are you serious? when you buy BTC, just buy more by the amount you'd be willing to spend in cash. unless you're talking about people who are willing to starve themselves to become rich on BTC one day.

also encouraging people to hoard their BTC is not really going to help the value of yours.

You're right... Im glad more stores are accepting bitcoin and im glad people are spending it. I dont mean to encourage hoarding at all, however i wouldn't spend mine at this stage

I spend bitcoin all the time. It's a currency, to live it needs to be spent. Just keep buying keep spending, keep using it. Remember, the price of goods you buy stays more or less the same, it's just the amount of bitcoin that changes. So while yeah, if it's your investment just buy and hold, for the rest of us, use it, let it live.

corebob

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Quote from: SaltySpitoon on November 21, 2013, 08:47:06 PM

Unless no one spends their coins, in which case in a year or two your BTC will be worth 0

Thats right.

Those who has a lot of btc should put some of them into the market we need to build, even if it doesn't pay off right away

niothor

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in defi we trust

Quote from: soothaa on November 22, 2013, 11:00:52 AM

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

You're an idiot. I wish this forum supported tagging so I could make a note.

Here you go
https://bitcointalksearch.org/topic/bitcointalk-script-v0296-264337

soothaa

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Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

You're an idiot. I wish this forum supported tagging so I could make a note.

safeminer

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if you pay 3 dollar in BTC for a sandwhich today, you will still have payed 3$ in 2016...

It's just currency. If you buy BTC now, and spend it in 2016 you could say you are spending less than the actual costs Wink

And you are not spending all you fiat today because tomorrow they are worth less ?

cowandtea

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Its cheaper to buy subway with bitcoin if you are going to sell at high price.... its transaction fee free :0

niothor

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If it weren't for guys who paid 10k BTC for a pizza , 1 bitcoin would be worthless by now

MicroGuy

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Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

You are making an assumption that Bitcoin will increase in value over time AND that these stores will save the BTC.

This is not a certainty and in my view also not probable. I think the capital that's currently being used to inflate the value of Bitcoin will soon start spilling over into the altcoins. Just take a look at Litecoin's recent move as an example.

Heck Max Keiser was even talking up Litecoin yesterday on his show.

References:
http://rt.com/shows/keiser-report/episode-526-max-keiser-025/
http://coinmarketcap.com/

steelboy

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Quote from: btbrae on November 21, 2013, 09:47:02 PM

I'd buy a subway sandwich for BTC then log on my computer and buy the equivalent back from the exchange.

Basically this. Ok, it's a little cumbersome for lots of small purchases but any big purchases you have coming up should be paid for with bitcoin. Just exchange the money to bitcoin that you need just before buying. Your total btc holdings remain the same and the economy is moving forward.

RodeoX

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So your laughing at me for buying stuff at a discount? I buy bitcoins, wait a month, then go 1/2 price shopping. Hahaha... Huh

jdbtracker

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Quote from: TTBit on November 21, 2013, 09:19:10 PM

What if the merchant gives a 50% discount for using BTC?

Customer: gets $10 sandwich for $5. Spends $5 and gets more BTC
Merchant: gets $5 worth of bitcoins today, but will be worth $10+ with patience.

WIN-WIN. The advantages of a strong currency in action - encouraging work and production.

Man, your awesome. if we can get a clear growth pattern happening that is a win-win for sure...
Wow I have to look into that.

http://blockchain.info/charts/trade-volume?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=1&address=

The data on the logarithmic scale shows well supplied capital liquidity... and a clear growth pattern.

http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

total price is increasing but seems to have changed it's tempo, probably caused by media attention, there is a big lull when confidence was lost in 2011, but slowly returned.

As far as I can tell it's where it is supposed to be for the slope of growth at this time should be stable at 1000.00 by 2014.

yup very good idea

unequal

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those saying you shouldn't spend your bitcoins because it will make you rich one day should also be thinking, "hey why not have ONLY bitcoin and convert to fiat for purchases I cant make without bitcoin, and buy everything else with bitcoin"

you aren't going to stop eating, paying rent, going on vacation, going out with friends, living your life just because you want to hoard all the bitcoins you have. you will naturally begin to spend bitcoins as you need to and the bitcoin economy will flourish.

Sustainable

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Stop being a moron, this is a global effort not about cash.

btbrae

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I'd buy a subway sandwich for BTC then log on my computer and buy the equivalent back from the exchange.

TTBit

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What if the merchant gives a 50% discount for using BTC?

Customer: gets $10 sandwich for $5. Spends $5 and gets more BTC
Merchant: gets $5 worth of bitcoins today, but will be worth $10+ with patience.

WIN-WIN. The advantages of a strong currency in action - encouraging work and production.

porcupine87

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hm

It's the same with every bitcoin you change against dollars, euros etc.

Imagine: You buy a 1000 facebook shares for 20$ each. Then with the price at 30 you sell. Nice, 10 000$ profit and you buy a nice car (30 000$). But in the year 2025 this facebook share is worth 1000$. HAHA -> expensive car (assume the car cost the same).

The only way to escape from this: Never sell Bitcoins. Stick with it until you die!

cfrm

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So you are glad that people are spending bitcoins and that more merchants are accepting it, but LYAO @ people spending their bitcoins. Next time turn your brain on before posting.

Moebius327

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This OP

Quote from: Dafar on November 21, 2013, 01:47:35 PM

I used to have 10,000 bitcoins

spent it on shrooms in silkroad

Topic: Lmao @ people buying subway and etc w/ BTC!!! - page 3. (Read 5554 times)