Use cases. What do you actually use Bitcoin for? - page 18.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: QuestionAuthority on October 12, 2015, 08:33:47 AM

Look up "Silk Road". It's illegal if what you're buying is illegal. Some of the shops (like Silk Road) only take Bitcoin.

Out of curiosity Ive made a little search for it and it's close now but still transactions there are still continue maybe in other way. I just wondered what items or things that those 5 voters are purchasing there with their bitcoins.

Quote from: n2004al on October 12, 2015, 08:53:45 AM

Do not use your bitcoins in Dark Web. Do not feed the illegal network with bitcoins. This activity damage it. Is this use of bitcoin that make that most of the important people that make decisions in our countries define bitcoin as dirty currency.

Definitely will not use it for those purposes. Besides I don't know how to access those deep websites even Google tell me how to do. It's just that I don't want to try even my curiosity always asking me to have a look at that world lol.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: harizen on October 12, 2015, 07:04:35 AM

I just noticed that there are 5 votes in Dark Web Shopping. What is this anyway? Are this activity are present in those deep websites? Is this illegal? Is bitcoin really accepted by those shops?

Do not use your bitcoins in Dark Web. Do not feed the illegal network with bitcoins. This activity damage it. Is this use of bitcoin that make that most of the important people that make decisions in our countries define bitcoin as dirty currency.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: harizen on October 12, 2015, 07:04:35 AM

I just noticed that there are 5 votes in Dark Web Shopping. What is this anyway? Are this activity are present in those deep websites? Is this illegal? Is bitcoin really accepted by those shops?

Look up "Silk Road". It's illegal if what you're buying is illegal. Some of the shops (like Silk Road) only take Bitcoin.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

I just noticed that there are 5 votes in Dark Web Shopping. What is this anyway? Are this activity are present in those deep websites? Is this illegal? Is bitcoin really accepted by those shops?

sampsomar

newbie

Activity: 2

Merit: 0

Bitcoin is an investment for early adopters so I want to be an investor bu saving them.....

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Most of them keeping stashed offline.

Some of them trading at yobit for altcoins and making a dime here and there. I dont shop, and I dont consume for the moment

jt byte

hero member

Activity: 994

Merit: 500

I use half of them in the poll list.
First for online shopping, then for money transfer, micropayments.
I don't use it for games nor gambling.
Other: buying alt coins and selling them to get bitcoin

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

I just bought a case of cheez whiz.

Jesus approved.

electronicfactura

hero member

Activity: 714

Merit: 500

I use Bitcoin for Investment and already have few Bitcoins in holdings for long term that is investment.I also use Bitcoin as money transfer and for gambling as this made everything much easy,fast and cost effective.I started playing online gambling once I came to know about Bitcoin.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: neonshium on October 11, 2015, 12:32:58 PM

Quote from: RealBitcoin on October 10, 2015, 04:19:33 PM

Quote from: coinplus on October 10, 2015, 06:50:31 AM

Quote from: RealBitcoin on October 10, 2015, 06:38:30 AM

Quote from: meddygreen on October 10, 2015, 05:24:29 AM

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.

Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.

Here is the wiki definition for a trader and investor.

https://en.wikipedia.org/wiki/Trader_(finance)
https://en.wikipedia.org/wiki/Investor
I will say myself an investor even I trade bitcoin for altcoin. But the reason of believing bitcoin I save my efforts in the form of bitcoin.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: neonshium on October 11, 2015, 12:32:58 PM

Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.

Yes because the style and the strategy is different.

I`m trading altcoins at yobit, and i`m in for short/medium term.

An investor would not invest in thos altcoins, but a quick speculator could.

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: RealBitcoin on October 10, 2015, 04:19:33 PM

Quote from: coinplus on October 10, 2015, 06:50:31 AM

Quote from: RealBitcoin on October 10, 2015, 06:38:30 AM

Quote from: meddygreen on October 10, 2015, 05:24:29 AM

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.

Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: coinplus on October 10, 2015, 06:50:31 AM

Quote from: RealBitcoin on October 10, 2015, 06:38:30 AM

Quote from: meddygreen on October 10, 2015, 05:24:29 AM

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: RealBitcoin on October 10, 2015, 06:38:30 AM

Quote from: meddygreen on October 10, 2015, 05:24:29 AM

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: meddygreen on October 10, 2015, 05:24:29 AM

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

meddygreen

newbie

Activity: 7

Merit: 0

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

Laosai

sr. member

Activity: 462

Merit: 250

Currently I am using bitcoins for money transfer to my loved ones on the province and also I cash out some to help on my expenses on my studies. I sometimes do gamble whenever I feel lucky or I'm bored and it's quite fun if I win and earn profit with it. I want also to try online shopping with bitcoins as a payment in the near future if I have extra funds to spend with

Anmol_Verma

member

Activity: 112

Merit: 10

I use bitcoin for gammbling and investing and sometimes i use them to buy digital goods.i rarely look for services for bitcoins.

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

buy stuff while possible, yet most of the shops in my local region does not accept bitcoin. Sad

abokhalel2

member

Activity: 233

Merit: 10

I use bitcoins mainly to purchase Bitmain products. It is the most convenient way to do it.

Topic: Use cases. What do you actually use Bitcoin for? - page 18. (Read 33483 times)