So, What did you buy with your bitcoins on Black Friday? - page 4.

khaled0111

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Quote from: Kprawn on November 29, 2019, 03:55:27 PM

A friend of mine changed my mind, because he says we (The Bitcoiners of this world) must support the merchants that supports Bitcoin or they will

Your friend is completely right. Bitcoin is meant to be used not to be stored. If everyone will refrain from using it then it will have no value.

Anyway, you can make some purchases now during the black friday using your bitcoins, so you don't miss the huge discounts, then buy more cryptos with cash later and refill your wallets.

minersday

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Quote from: Kprawn on November 29, 2019, 03:55:27 PM

I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought

it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or

triple and you would regret paying for those goods and services with bitcoins.

Such mentality will not help the entire crypto ecosystem to grow and help mass adoption of Bitcoin and the entire cryptocurrency by people for transaction of goods and services. Bitcoin is a digital currency you need to understand that and clear the mind set you have regarding whether the value of bitcoin increase after using it to purchase something. What if the value decreases? what will the person that sold you the goods say? It is about time we accept bitcoin and the entire cryptocurrencies as digital currencies rather than digital assets.

Steamtyme

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I wholeheartedly recommend spending some BTC as often as you can with merchants willing to accept it. I haven't bought anything with BTC this weekend, I'd love to but no one that has something I want/need is accepting crytpto. If they do by chance their prices far outweigh the deal to be had elsewhere - I'm in no spot to just spend extra because I want to use my coins. I am however selling coins to users on the forum, as I think that's the next best thing keeping an active and robust P2P network available here.

I have done both spend a decent chunk and watch a large price run-up, as well as hold and watch 20-30% price drop. I've also seen the better side as well and watched the value of my coins grow in spending power. Best bet is to spend as needed where you can but roll some Fiat back into coins and/or always have a savings bag off to the side for the future.

Funny thing I was holding coins to wait for Black Friday deals on items I wanted. The price drop nearly wiped the savings out in the end lol.

Anjuman

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I want to buy most of the things within mid December, cause I can remember the big Dump of 2017 occurrd on end of the December...

stompix

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Quote from: Kprawn on November 29, 2019, 03:55:27 PM

Previously I thought it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins.

I don't understand why a lot of people are thinking this way.

Let's say you get a deal paying with bitcoin and instead of the normal price of 75$, you pay the equivalent of 60$ inBTC.
Since you would anyhow have spent the fiat, what is stopping you to convert either 75$ or 60$ in BTC and deposit it back to your wallet.
You end with the same amount of bitcoin (or more), you get your product and you encourage merchants to offer bitcoin as a payment method.
As simple as it gets!

Duzter

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Black Friday is much enjoyed on the western nation, and slowly getting spread over the Asian countries. This is just a tactic followed to increase the business during this time. I haven't purchased anything during this black Friday. I preferred to buy a product from Ali Express during this Black Friday, but the product I have added to my cart hasn't got any offer. This way I dropped the plan of buying, and my usage will be mostly in fiat after converting to fiat.

malevolent

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Quote from: Kprawn on November 29, 2019, 03:55:27 PM

I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought
it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or
triple and you would regret paying for those goods and services with bitcoins.

I think I'd regret it more if I didn't spend at least a little bit before a large decrease in price. Unfortunately, most of the things I wanted to buy were too niche or inconvenient to buy with Bitcoin so I had to settle for fiat.

Steven209

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I do not want to miss this offer anyway.
If I will find a free shipping service I will buy a hardware wallet on this December.. Roll Eyes

Kprawn

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I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought

it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or

triple and you would regret paying for those goods and services with bitcoins.

A friend of mine changed my mind, because he says we (The Bitcoiners of this world) must support the merchants that supports Bitcoin or they will

simply stop supporting it and he says the Bitcoin price might plummet to $10/BTC and you would be glad that you spend it, whilst it was still valued

a lot more. Tongue

We have regular power failures in our area, so I decided.. f%^ it.. I am going to buy a UPS and a generator to protect my electronic devices and I

bought these items at a local shop that supports Bitcoin payments. (I received a 65% discount on both items.) Grin

So, what did you buy and did you support our Bitcoin merchants?

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