Two types of Bitcoiners, Which are you? - page 11.

Hazir

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Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

The problem with statement number 1 is that we potentially could never see this in action. While option 2 is very much possible now.
I don't have the luxury of keeping all my bitcoins stashed - and wait for mass adoption. I need to exchange portion of my BTC regularly to sustain my living expenses.

Nevis

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Activity: 560

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Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."
yes I really can not wait to increase the price of BTC. I hope even more so for the rise I sell tong balance in large amounts. i hope so.

jt byte

hero member

Activity: 994

Merit: 500

I want to holt on to what I have now but the bearish part of me says to sell to get some now.
Undecided

I am at a conundrum.

X7

legendary

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Let he who is without sin cast the first stone

I didn't see option three - Hodl to Hodl

harizen

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For support ➡️ help.bc.game

Type 1: "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2: "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

Well because price is unpredictable, sometimes people will land for both scenarios stated.

The Sceptical Chymist

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I hold bitcoin as if it were precious metal. You would sell gold to buy the Lamborghini, and I would sell bitcoin likewise. I really don't think bitcoin is going to catch on as a currency, but who knows.

MTBTT

hero member

Activity: 504

Merit: 500

I think people will be happy to convert it to a fiat then do the spending. only a few people doing spending bitcoin. and of course as only a few stores that accept bitcoin

groll

sr. member

Activity: 336

Merit: 250

Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

"I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin. I will choose number 1 since it implies that we dont need to sell bitcoins to buy lambourgini. Instead number 1 quotes that we can buy lambourgini directly using bitcoin as your mode of exchange to get the item. It will be wonderful if society will accept bitcoins when you buy something, im excited to buy a cup of coffee using bitcoins directly.

MbitSport

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Quote from: ABCbits on June 19, 2016, 01:51:20 AM

I don't have why would people bitcoin sell their bitcoin and buy something if they can use bitcoin directly to buy what they need, i mean it's faster and you can avoid fees and things such as identity confirmation when you sell/buy biycoin.

I don't really get it either, i mean i can kind of understand if were talking about todays bitcoin, as in right now at its current price and level of adoption, but i don't understand that if the price were to really moon, and i do mean reeally moon, and merchant adoption is more common place, why sell? or why plan to sell, i thought the bitcoin goal was value increase + mainstream adoption (even if its mainly online), not just price increase.

if i had 1 BTC, and 1 BTC was to rise to a value of $200k, i would feel more confident keeping my 200k in bitcoin.

Am i just naïve and overly optimistic? or does Bitcoin have real promise? I must say, i have high hopes for bitcoin, not just the price of bitcoin, but the application of bitcoin.

superbit123

newbie

Activity: 8

Merit: 0

I am type one

2double0

legendary

Activity: 2618

Merit: 1105

I like hodling to sell, I don't like shopping too much.
Selling and getting some profit and reinvesting is a better way to grow our coins more, so that money might get used to shop in fiat.

silpersurfer

full member

Activity: 212

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i choose 1 , will be good if shop can accept bitcoin as payment ,and it will be very simple

ABCbits

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I don't have why would people bitcoin sell their bitcoin and buy something if they can use bitcoin directly to buy what they need, i mean it's faster and you can avoid fees and things such as identity confirmation when you sell/buy biycoin.

bitkilo

legendary

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https://www.bitcoin.com/

Quote from: tygeade on June 18, 2016, 11:38:06 AM

I prefer to sell them rather then spending them, and I don't have many choices to spend it so I convert it to my local currency and then spend.

If you could find what you want to buy on a online site or via a service like purse.io then you would be saving money spending your bitcoins.
To cash them out there is always some sort of fees involved and often you will find that if you can pay in bitcoin you will get a nice little discount.

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

Second course, I prefer to use bitcoin for trading rather than to purchase goods. because the trade I could add my bitcoin little by little. Thank you

pandalion98

sr. member

Activity: 504

Merit: 250

Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

I'm kind of both. Half I can't wait, half I gotta sell.

My second half depends on whether fiat is still the standard and if it still has value.

xuan87

legendary

Activity: 1666

Merit: 1001

I am the type of "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

I prefer to enjoy bitcoin being accepted in global where i can spend it all the way i want, and every shop accepted bitcoin rather than i need to calculate it to fiat

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."
...

neither and both.
i am holding bitcoin and i will sell some of it if the price goes high to a price that i find favorable just to make some profit out of it but in the end i am just waiting for the real deal, when bitcoin is mass adopted and i can use bitcoin to buy stuff directly

Winoc

member

Activity: 98

Merit: 10

Quote from: MbitSport on June 18, 2016, 11:18:54 AM

Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."

Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."

(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)

Type 1..Actually, I like to buy a lot using my bitcoins because I believe in bitcoin..This time I am planning to buy a big thing after the halving..Hope my dream becomes fulfilled..

bryant.coleman

legendary

Activity: 3752

Merit: 1217

Type 2.

In my country, none of the retailers accept BTC. If I want to buy a vehicle or a house, then I must make the payment in fiat cash. So I am holding my coins for now, but when the time comes, I will convert them to fiat or gold. I am still hopeful that the situation may change in the near future. May be in 2020, I will be able to pay my home loan with BTC. Grin

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