Maybe a house, in case it rises above expectations
Topic: What do you buy with your bitcoins? (Read 1575 times)
Mainly technical stuff.
Maybe a house, in case it rises above expectations
Maybe a house, in case it rises above expectations
I've bought :
1996 Chevy CK2500 HD Diesel
Fox suspension lift-kit to put on the truck
more then 5000$ of mining computer/gpu.
Samsung 40" LCD smart TV
and much more small stuff like :
some fiat
Xbox 1 year gold card
XBox keypad
small consumer electronics
computer parts
t-shirts
Seals w/ Clubs chips
domain name
reddit gold
I've made lots of donations too..
And much more I just dont remember right now !
I spent more than half of my bitcoin..
1996 Chevy CK2500 HD Diesel
Fox suspension lift-kit to put on the truck
more then 5000$ of mining computer/gpu.
Samsung 40" LCD smart TV
and much more small stuff like :
some fiat
Xbox 1 year gold card
XBox keypad
small consumer electronics
computer parts
t-shirts
Seals w/ Clubs chips
domain name
reddit gold
I've made lots of donations too..
And much more I just dont remember right now !
I spent more than half of my bitcoin..
So far bought nothing expect hosting.
I know for a fact a large percentage (not me) of bitcoin users buy drugs or other illegal items on the deepweb. 
I personally am just holding them for now. I expect a steady increase in value of the next year.
I personally am just holding them for now. I expect a steady increase in value of the next year.
Not really. The most recent study of bitcoin transactions found that 78% of bitcoins have never been moved, let alone spent.
Actually, that figure, attributed to Ron and Shamir, says that 78% of bitcoins have not been moved within a 3 month period. That includes all dead coins as well as many cold wallets. Since it is impossible to differentiate between a dead coin and one that is stored, we can't really know how to interpret that percentage.
As to the amount of drugs sold on the Silk Road, this is from http://arxiv.org/abs/1207.7139
"While we cannot estimate the number of buyers, we show that Silk Road is a relatively significant market, with a few sellers, and monthly total revenue of about USD 1.9 million."
I know for a fact a large percentage (not me) of bitcoin users buy drugs or other illegal items on the deepweb.
I personally am just holding them for now. I expect a steady increase in value of the next year.
I personally am just holding them for now. I expect a steady increase in value of the next year.
Not really. The most recent study of bitcoin transactions found that 78% of bitcoins have never been moved, let alone spent. Of the remaining 22%, most would be used for speculation or investment. Perhaps 1-5% of bitcoins would be used for silk road from time to time. Put that in perspective compared to the USD, and you will see that there is actually a much lower level of illegal activity involved in bitcoin than in the USD. Please don't buy into the lies perpetrated by uneducated types, who say the only thing bitcoin is good for is money laundering, selling drugs, and organizing hitmen.
What drives your curiosity?
Right now, mostly just understanding the community and motivations of Bitcoin users. Eventually, if most transactions end up being small, I'd like to get feedback on the idea of putting a hardcap on the amount of Bitcoins that can be outgoin from a single address within a certain timeframe, say 100 btc for one day. I believe that would help Bitcoin eventually comply with AML laws which might eventually cause trouble for the currency, with a minimal impact on the majority of users. Getting to know what people do with their Bitcoins is the first step though.
Nah, don't worry. New threads like this pop up all the time as the old ones get stale. Here are some older threads on it:
Many thanks, I'l take a look.
I know for a fact a large percentage (not me) of bitcoin users buy drugs or other illegal items on the deepweb.
I personally am just holding them for now. I expect a steady increase in value of the next year.
I personally am just holding them for now. I expect a steady increase in value of the next year.
I'm not sure what that percentage is, and what is the typical transaction size for these users is. The following paper is a nice analysis of The Silk Road but did not include the info I am looking for.
http://arxiv.org/abs/1207.7139
I'm not looking to shut down drug buyers in any way, just trying to understand what the typical transaction amount is and what's a typical pattern.
Im into music production and have thought to myself why not use my bitcoins to pay for sites like bitvisitor or cointtube to drive people to take a look at my music, maybe even except bitcoinas donations for supporting my music. But hey if im willing to use bitvisitor everyday for 0.0008 btc why not have my website in there?
10btc could really get me alot of traffic!
by the way soundcloud.com/killvisionseattle is my music, check it out!
and if you want to help with this idea message, really need help on the technical side of setting something like that up.
All I want to do is create music and have people enjoy it.
would love to make a living off it but donation based isnt gonna get me there but it helps support my dream!
15yVnpEZhDFX89EpvPc2s3qK5owNe8pihk is my address
10btc could really get me alot of traffic!
by the way soundcloud.com/killvisionseattle is my music, check it out!
and if you want to help with this idea message, really need help on the technical side of setting something like that up.
All I want to do is create music and have people enjoy it.
would love to make a living off it but donation based isnt gonna get me there but it helps support my dream!
15yVnpEZhDFX89EpvPc2s3qK5owNe8pihk is my address
I couldn't find a similar thread, but if I missed it, please refer me and close this one.
Nah, don't worry. New threads like this pop up all the time as the old ones get stale. Here are some older threads on it:
Re: What Have You Bought With Bitcoin?
- https://bitcointalksearch.org/topic/what-have-you-bought-with-bitcoin-126972
What did you buy on bitcoin Friday?
- https://bitcointalksearch.org/topic/what-did-you-buy-on-bitcoin-friday-123617
What you buy most often with your bitcoins?
- https://bitcointalksearch.org/topic/what-you-buy-most-often-with-your-bitcoins-90251
Why do you use Bitcoins?
- https://bitcointalksearch.org/topic/why-do-you-use-bitcoins-86013
What do you spend your BTC on?
- https://bitcointalksearch.org/topic/what-do-you-spend-your-btc-on-80069
what do you use your btc for mostly?
- https://bitcointalksearch.org/topic/what-do-you-use-your-btc-for-mostly-94227
What do you use Bitcoins for?
- https://bitcointalksearch.org/topic/what-do-you-use-bitcoins-for-79127
What are you using bitcoins for?
- https://bitcointalksearch.org/topic/what-are-you-using-bitcoins-for-78755
What do you want your BitCoins to buy?
- https://bitcointalksearch.org/topic/what-do-you-want-your-bitcoins-to-buy-75621
What do you actually use bitcoin for?
- https://bitcointalksearch.org/topic/what-do-you-actually-use-bitcoin-for-37720
What have you purchased with Bitcoin?
- https://bitcointalksearch.org/topic/what-have-you-purchased-with-bitcoin-21391
Why do you buy Bitcoins?
- http://bitcointalk.org/?topic=6990.0
More detail on the topic:
How to track real-world bitcoin adaption?
- https://bitcointalksearch.org/topic/m.850690
I know for a fact a large percentage (not me) of bitcoin users buy drugs or other illegal items on the deepweb.
I personally am just holding them for now. I expect a steady increase in value of the next year.
I personally am just holding them for now. I expect a steady increase in value of the next year.
I did not bought a lot of stuff actualy but earings at http://allthingsluxury.biz/ , the Bitcoin Magazine and some donations.
Otherwise, I'm mostly stacking them.
Otherwise, I'm mostly stacking them.
What drives your curiosity?
i buy and sell stuff on BitMit.
also i buy/sell bitcoins via localbitcoins.com
more for the fun of it, working with something technologically new
also i buy/sell bitcoins via localbitcoins.com
more for the fun of it, working with something technologically new
I couldn't find a similar thread, but if I missed it, please refer me and close this one.
I found this list of the things that can theoretically be bought with Bitcoin but I was wondering what typical users actually buy.
https://en.bitcoin.it/wiki/Trade
Do you buy actual stuff (or services) with Bitcoin? Do you keep your Bitcoins in a wallet and hope the value goes up to sell them? Do you pay debts to people you know? What is the size of your typical transaction of this type?
Ofc, if you buy drugs or other illegal items, you probably won't want to just say it here, but you are welcome to post what is the amount of btc in your typical transaction anyways.
I know I could just look at the blockchain to see the size of the average transaction but I can't think of an easy way to differentiate the sale of a product/services from an attempt to anonymize oneself.
I found this list of the things that can theoretically be bought with Bitcoin but I was wondering what typical users actually buy.
https://en.bitcoin.it/wiki/Trade
Do you buy actual stuff (or services) with Bitcoin? Do you keep your Bitcoins in a wallet and hope the value goes up to sell them? Do you pay debts to people you know? What is the size of your typical transaction of this type?
Ofc, if you buy drugs or other illegal items, you probably won't want to just say it here, but you are welcome to post what is the amount of btc in your typical transaction anyways.
I know I could just look at the blockchain to see the size of the average transaction but I can't think of an easy way to differentiate the sale of a product/services from an attempt to anonymize oneself.
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