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Topic: What are you using bitcoins for? - page 38. (Read 21353 times)

sr. member
Activity: 490
Merit: 255
August 12, 2017, 10:58:48 PM
I am using Bitcoin to pay my rent, food, etc. Unfortunately I do not make enough to save it yet. lol
sr. member
Activity: 383
Merit: 250
August 12, 2017, 10:33:15 PM
buy and HODL waiting the price to go to the moon, im all in islands and lambos or nothing
im a little gambler and i like 1℅ risk  Wink
full member
Activity: 275
Merit: 100
SOKOS.io
August 12, 2017, 10:31:32 PM
I am using it for my daily allowance in school, paying school projects, buying clothes and sometimes watching movies in cinemas, others goes to my parents.
hero member
Activity: 1148
Merit: 504
August 12, 2017, 08:30:53 PM
In the past, I invested some of my btc funds in some HYIP and also in order to start my own online advertising business.
Everything failed and I lost my money.
Now, when the price of bitcoin jumped high to the sky, I will not repeat my mistake anymore.
I will just keep my btc funds in the wallet and wait Smiley
There is always a risk in bitcoin investment, the amount of risk depends on investment and what business you choose. If you invest in MLM, ponzi, HYIP, of course the risk will be huge, and maybe what you will get is a loss, I think rather than doing it better just keep silent and hold bitcoin, it's safer
full member
Activity: 224
Merit: 100
August 12, 2017, 08:24:24 PM
Hold, buy stocks, and then wait. Sell stocks, buy bitcoins, convert, and then repeat.
sr. member
Activity: 322
Merit: 253
August 12, 2017, 08:22:39 PM
Ive been holding half of my bitcoins for future use while half of it I have no choice but to withdraw for my every needs. Foods, internet load and many stuff online that is cheap in price.
hero member
Activity: 826
Merit: 501
August 12, 2017, 08:14:41 PM
The miners mine and hold, other mine and sell.

Investors and speculators buy, hold and sell.

You can buy random items in auctions and through the forums.

What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)

What have you used bitcoins for?

Miner
Investor
Black Market
Other - explain


Usually, I use my bitcoin to buy stuffs that are really in need but since in my country, there is still no establishments that accept bitcoin, I need to first exchange it into a fiat to buy needed things. Although I cannot use it directly to buy things, I can use bitcoin for investment purposes to add up or gain profit.
sr. member
Activity: 420
Merit: 256
اللعنة
August 12, 2017, 07:51:06 PM
I am using bitcoin as a medium of payment in so many ways. I use it for topping up mobile loads, paying bills, and buying things that I need. Most of the time, I encash bitcoins from my wallet through remittance centers and give the money to my parents. This is how I use my bitcoins. My friends doubted about bitcoins long time ago, but I believed on it, and now, I am earning from it.
hero member
Activity: 910
Merit: 500
August 12, 2017, 07:07:21 PM
I am using bitcoin because it gives me opportunity to earn. Aside from i mine, I also invest but more importantly i am using bitcoin because I believe that this is the future of money it gives you a lot of features than cash
sr. member
Activity: 602
Merit: 250
August 12, 2017, 07:05:39 PM
I used bitcoin most of often in my expenditures such as, monthly bills which are electricity, water, phone, and cable. Aside from that, I used for sending money whether to my family, relatives, friends, and my wife. Moreover, also using it too to buy other investment like buying altcoins.
Yes I also use Bitcoin like that, with Bitcoin all feels easy, we can pay electricity and others online. With Bitcoin, I can make my own mining machine without requesting capital to other people or parents.
full member
Activity: 406
Merit: 102
August 12, 2017, 06:55:08 PM
I use it as an investment, I don't earn much but as a student, it is helpful as an extra allowance. I know trading would give me more in return but I needed to provide my needs. I would like to prioritize my studies first. But I am holding some of it. I observe pumps and I always dreamed of saving big from bitcoin.
sr. member
Activity: 462
Merit: 251
August 12, 2017, 06:39:20 PM
I used bitcoin most of often in my expenditures such as, monthly bills which are electricity, water, phone, and cable. Aside from that, I used for sending money whether to my family, relatives, friends, and my wife. Moreover, also using it too to buy other investment like buying altcoins.
sr. member
Activity: 350
Merit: 250
August 12, 2017, 06:14:16 PM
I have used my bitcoins for recharging my mobile.I was not able to use my bitcoins for buying any other goods as there are no such services in india which accepts bitcoin as payment.Even i had a plan of buying electronic gadgets with bitcoins.But today on seeing bitcoin's tremendous progress and bitcoin's ever growing price,i have dropped all my plans and just to hold bitcoins as an investment for getting huge returns.
Sorry to say this pal, but using bitcoins to recharge your cell phone is the dumbest use I have heard ever. But I appreciate that you are now serious about your bitcoins and have great plans to of investing into this digital currency to earn tremendous profits. A friendly advice, do not waste such precious asset on getting small things. Be patient and smart.
i think currently most of the people do not have such facilities to use bitcoin for shopping in local shops, and therefore most of the people are using bitcoin for trading and investment. but in future we can expect that when the user of bitcoin will increase too much then even the local shopkeepers will get courage to start accepting bitcoin from their customers.
hero member
Activity: 1022
Merit: 538
August 12, 2017, 04:14:31 PM
I have used my bitcoins for recharging my mobile.I was not able to use my bitcoins for buying any other goods as there are no such services in india which accepts bitcoin as payment.Even i had a plan of buying electronic gadgets with bitcoins.But today on seeing bitcoin's tremendous progress and bitcoin's ever growing price,i have dropped all my plans and just to hold bitcoins as an investment for getting huge returns.
Sorry to say this pal, but using bitcoins to recharge your cell phone is the dumbest use I have heard ever. But I appreciate that you are now serious about your bitcoins and have great plans to of investing into this digital currency to earn tremendous profits. A friendly advice, do not waste such precious asset on getting small things. Be patient and smart.
sr. member
Activity: 700
Merit: 251
August 10, 2017, 09:54:07 AM
Hmm... Everyone seems great but i don't really use my bitcoin for something.
I just invest it, and save it. That's all. Sometimes if i have money, i'll buy and sell bitcoin. But i would rather earn bitcoin and keep it though, than using it for something else.
hero member
Activity: 788
Merit: 505
August 10, 2017, 09:49:30 AM
In the past, I invested some of my btc funds in some HYIP and also in order to start my own online advertising business.
Everything failed and I lost my money.
Now, when the price of bitcoin jumped high to the sky, I will not repeat my mistake anymore.
I will just keep my btc funds in the wallet and wait Smiley

Majority of users have lost their money by investing in those ponzi sites but that was an learning experience for us and now we will never repeat the same mistake as it will be more painful now to loose bitcoins when the price of bitcoins is too high.
legendary
Activity: 3374
Merit: 1824
August 10, 2017, 09:32:53 AM
In the past, I invested some of my btc funds in some HYIP and also in order to start my own online advertising business.
Everything failed and I lost my money.
Now, when the price of bitcoin jumped high to the sky, I will not repeat my mistake anymore.
I will just keep my btc funds in the wallet and wait Smiley
sr. member
Activity: 1204
Merit: 272
1xbit.com
August 10, 2017, 09:27:48 AM
I don't use my bitcoins anywhere I earn it and I save it for future as I don't want to take any risk of loosing it by investing it any sites or using it in gambling as its more likely that I will loose all my bitcoins so I will prefer to play safe and sell it when price goes higher.
hero member
Activity: 1722
Merit: 528
August 10, 2017, 09:22:36 AM
I use bitcoins for gambling, trading, shopping and other small expenses i can write off using my bitcoin debit card.
Not forgetting investment which is quite profitable both short and long run.

I think your country are open to this kind of technology or currency unlike our country. Most of the people in our country are not that fond of new technologies, well it is a third world country.
We are used in using normal tools in our works especially the farmers and agriculture ones. Yes we are adapting slowly but it is really slow, we are being left behind by other countries.
I think if we are open like this into bitcoin, I am also using it to buy things and will not be needing to convert it to fiat anymore.
full member
Activity: 952
Merit: 104
August 10, 2017, 09:16:58 AM
i spend my bitcoin for the daily needs of my family and also i use bitcoin for fast transaction to pay bills like electricity internet water bills and the remaining bitcoin i save for the future investmest in trading or keep in my wallet as a savings besause i think the bitcoin in the future is very strong currency in pumping in a few months or maybe next year the bitcoin value meet the value upto 5000$.
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