Two types of Bitcoiners, Which are you? - page 4.

jacktheking

legendary

Activity: 1484

Merit: 1001

Personal Text Space Not For Sale

I am the first type. Tongue

So far Bitcoin is my only online income source and is my only way to spend purchase things online. I've purchased a lot of things including but not limited to digital games to budget Samsung tablet. I am continue to earn Bitcoin today (via my websites and signature campaign) and I am going to hold on it for spending purposes.

Bitcoin has helped me a lot and I will definitely support Bitcoin by purchasing things that I want and needs using it without going through an exchange.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: bitcoinmasterlord on October 25, 2016, 08:25:44 AM

Quote from: ekoice on October 24, 2016, 03:09:44 PM

Most of Bitcoin users will be type 1 because you can direcly buy a car using Bitcoin and no need to exchange it to fiat and then buy.

It is correct because why one wants to waste money in the conversion process to anything instead of spending bitcoins directly to buy an item. As of now lot of exchanges are making a good money because people can't use bitcoins for any services directly, so they end up converting them to fiat first. Once many businesses start accepting bitcoins, then these exchange sites will slowly disappear from the market.

Well this is new generation and i think more stores will accept bitcoin as payment we can purchase any thing we want in the future..
For me both are good benefits because savings can also gives you advantage if you sell you bitcoin in the right time..

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: ekoice on October 24, 2016, 03:09:44 PM

Most of Bitcoin users will be type 1 because you can direcly buy a car using Bitcoin and no need to exchange it to fiat and then buy.

It is correct because why one wants to waste money in the conversion process to anything instead of spending bitcoins directly to buy an item. As of now lot of exchanges are making a good money because people can't use bitcoins for any services directly, so they end up converting them to fiat first. Once many businesses start accepting bitcoins, then these exchange sites will slowly disappear from the market.

HanSchultz

full member

Activity: 224

Merit: 100

it would be cool if i could purchase goods with the coins i have in my hands and it would be awesome if all the stores started accepting bitcoin based debit cards

Seansky

hero member

Activity: 560

Merit: 500

Im almost the same as the type two bitcoiner but the difference is I don't use my sold bitcoin to buy a new thing or two. I just add it in my portfolio and I buy the same amount of bitcoin I sold after dump using the fiat I have after selling and im withdrawing the earnings for that current price pump rise or if it only risen a little and dumped Im gonna use all the fiat I have from selling my bitcoin to buy bitcoin again.

MJS_gold

newbie

Activity: 37

Merit: 0

I don't much care whether the USD price of bitcoins rises, nor do I care whether or not I need to exchange my bitcoins for another currency to buy a new car. I just want the bitcoin price of a new car (and other stuff) to decline over time.

anama

full member

Activity: 126

Merit: 100

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 think in option 1 and option 2 is same "I cant wait for the price of Bitcoin to rise"
and same in sell bitcoin to buy lambroghini, not deference, same buy lambroghini use bitcoin

pvaspecialist

sr. member

Activity: 294

Merit: 250

I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini.
well if I have that much of Bitcoin I will obviously sold my bitcoin and buy a new Lamborghini,I loved Lamborghini

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

I rarely use my coins so when I'm buying something It is more convenient for me to buy in a physical store to ensure that the product is working and has no problems. So I guess I'm type 2 cause I'm converting my bitcoins to fiat.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: AceCobra1 on October 25, 2016, 03:49:17 AM

Quote from: Fredomago on October 24, 2016, 10:57:30 PM

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 using number 1 option because i don't want to pay any transaction fee if the price will go high for to able to buy new car i guess the system already will adopt bitcoin payment so i can buy it directly, although its still a long hold to wait but if things comes on my way and the price really rally that big i will be the happiest person in my place,.

If we can use our bitcoins directly to buy a car then there is no point in selling them and converting to fiat as it will involve higher conversion fees, so its better to buy a car by paying in bitcoins and get rid of conversion fees.

I hope that was easy but I have not seen any business in our place that accepts bitcoin for their car business. If there's one then maybe I will consider to buy as long as the papers will be made to be legal, but I doubt it will happen soon.

AceCobra1

sr. member

Activity: 364

Merit: 250

Quote from: Fredomago on October 24, 2016, 10:57:30 PM

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 using number 1 option because i don't want to pay any transaction fee if the price will go high for to able to buy new car i guess the system already will adopt bitcoin payment so i can buy it directly, although its still a long hold to wait but if things comes on my way and the price really rally that big i will be the happiest person in my place,.

If we can use our bitcoins directly to buy a car then there is no point in selling them and converting to fiat as it will involve higher conversion fees, so its better to buy a car by paying in bitcoins and get rid of conversion fees.

Fredomago

legendary

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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)

i'm using number 1 option because i don't want to pay any transaction fee if the price will go high for to able to buy new car i guess the system already will adopt bitcoin payment so i can buy it directly, although its still a long hold to wait but if things comes on my way and the price really rally that big i will be the happiest person in my place,.

Daffadile

hero member

Activity: 1162

Merit: 500

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I'm inbetween. There are already many places I can use bitcoin but If I could use it everywhere I wouldn't need to bother converting it into fiat since I can just pay strait away with bitcoin and it will be faster and it is pretty much what bitcoin is ment for anyway.

Hugroll

hero member

Activity: 756

Merit: 500

well i have to say, I'm probably the person that would sell to flat out get cash from btc. because then i could buy back if the price drops lower. but if i spent it to buy a tangible item, then going back to btc would be a hard thing to do.

DOGE12321

sr. member

Activity: 378

Merit: 250

Why not both? I believe that I can be considered to be both types of the Bitcoiners. I have allocated certain amounts of Bitcoin to hold and sell or and to hold an buy.

Though I don't think I'll ever be able to buy a Lamborghini with Bitcoin.

betlord90

hero member

Activity: 630

Merit: 500

Hold and sell the bitcoin that i use of my bitcoin i buy bitcoin if the price down then i hold it waiting to pump up the price. Once the price goes up i will sell it fo me to get profits. So i will hold and sell it.

veleten

legendary

Activity: 2016

Merit: 1106

I hold to do both-I sell when I feel like,but I also spend alot
every digital goods purchase I make I try to make in bitcoins
also hold to sell (and to buy later) without spending it is more a sign of a trader than a common user
and yes,I know that the meme is old,deal with it

Francis Freeman

hero member

Activity: 1005

Merit: 502

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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)

Thus, in the 1st case you buy the car with BTC, while in the second you first convert BTC to fiat currency (paying the fees) and then buy the car with the fiat money.

The 2nd behaviour is quite stupid, actually Grin