Topic: what do you guys use bitcoin for? (Read 740 times)

I will use my bitcoins to invest, because if we invest, our bitcoins will be safe, and we will make a profit, although slowly but surely we will make a profit ..

For now I only use bitcoin for trading activities, while to make various payments this year I have never done it, for now I also hope that the price of bitcoin and altcoins will go up again, after a while ago the Tesla company closed payments using bitcoin. which made the price of bitcoin drop momentarily

 So far I have buy one of those amazing "I use coins" shirt (the website does no more exists), one ounce of silver for the "I own silver, I am super rich" feeling (from amagimetals), an humble bundle (my first time buying humble bundle \o/) and I am waiting a nice honey package from beesbrothers (super kind little producer). I also plan to buy some cuban cigars sooner or later.
 Now you know all about me. And you what do you use you coins on ?

Bitcoin and altcoin isn't just an investment but also payment method. Usually I use cryptocurrency to buy game items, I also invest in that cryptocurrency because it is already used by big community that is game players comunity. Those cryptocurrencies that I bought is very profitable I made I lot of profit from its.

Much better to invest Bitcoin than to convert it to usdt or withdraw to fiat. This is the time to add more potential coins like Bitcoin and Ethereum while the market is down. I do believe in due time Bitcoin and the entire market will recover again. Just hold Bitcoin and don't sell it while dump.

I think bitcoin is good for the store, because of its Scarcity. bitcoin can be regarded as one kind of investment and hold for a long time. Maybe it will bring big surprise sometimes.

I use Bitcoin for long term investments bitcoin is a very good currency and traders become profitable by investing in the crypto market. It is a coin that is not issued by any central bank or any country some people have developed this system using the internet system it can be called a kind of gambling on the basis of which I can use my money to do something profitable which is why most people are running after it now. It's not just about making money it's about solving the problems of savings merchants.

I hope that you will be able to use your bitcoin for other thing besides gambling, you could make more money out of not gambling and just saving your bitcoin, you said that you did investment initially and I think that you should start that all over again, takes a lot of discipline to resist temptation with gambling. I don't have to spend my bitcoin yet since it isn't a lot and the price currently is on the red so I won't be spending or cashing it out at this time but I plan to save for a big investment.

I use it only as a means of investing in commodity set funds. Having bitcoin as payment is not the right thing we have to pay quite expensive fees for one transaction, I prefer other coins for payment. But storing bitcoin for the long term is great.

---

bitcoin is a technologically advanced money, people think it is the money of the future. Some platforms accept and can send via bitcoin, in addition, easy-to-use bitcoin is not as difficult as fiat.

---

In my country even prohibits the use of bitcoin as a means of payment, only fiat currency is valid in payments. However, they allow bitcoin as a communiqué asset for the long term. Even some banks plan to make their own cryptocurrency coins in my country.

[moderator's note: consecutive posts merged]

For me bitcoin is like a tool to make a lot of money. Bitcoin is a virtual currency, the value of bitcoin is very large. I can invest in bitcoins in many different ways: like buying bitcoins and selling them when the value of bitcoins increases. I can post on the forum to promote a project about bitcoin for a commission. Playing games in bitcoin is also a way for me to earn a lot of money.

Initially I used it as an investment for long term benefit. In between due to some sort of greed started to use it on gambling. From that the major use of bitcoin in my wallet was for gambling. These days it is very rare to use my bitcoin for other needs. Maybe now onwards I need to accumulate so to make it useful for my life needs.

in this forum I am sure there will be many answers to this question, but they have their own choices. For me bitcoin is a medium of exchange that is like money, so I use it like money, shopping, investing, and so on. Because in my opinion, with bitcoin we no longer bother to carry a lot of money in the wallet, but 1 bitcoin is enough to buy whatever you like.

I'm in the US, when I go out into the streets to stores and malls, nobody accepts Bitcoin, just fiat, the $USD american dollar. So Bitcoin is just an investment for me. Gonna be a long time before I can spend bitcoin freely in stores like I can fiat

That's good to hear. My latest purchases were some at $49000 on a big dip on March 2nd.
The investment is down short term since today BTC is 43k, but then again, I don't sell at all. I only buy on big dips, then hold permanently.

The current situation looks to be heading towards a big dip. I have about $1200 ready to spend, but I'm not buying any yet.

I'm counting on the price going a little lower. I wouldn't buy yet, but people's mileage may vary.

So far, my strategy of only buying has worked well, but I'm sure active traders who also sell during dips, then buy back in, could get more profit. I don't have the nerve or expertise for that.

I managed to sell my bitcoins when they were at a price level above $ 50,000. It seems that I successfully managed to get rid of them and now I watch the charts with a slight smile, as the trend is still bearish. I think it will be possible to buy if the price goes below $ 30,000, since sooner or later it will rise again, perhaps even this year. In the meantime, we can state that the investment turned out to be successful.

I only hold it as a passive asset like gold. That's it. I don't even pretend to use it for daily transactions or as a money replacement.

I have not sold a single bitcoin since 2016. I only hold or buy more on big dips.

Do I think this has been a good strategy so far? Sure, but I don't mind if people sell their holdings during dips.
That can be a smart way to get back in cheaper.

I've witnessed so many dips and rises I don't bother to look at the chart anymore.
Whenever I have a spare $300-500 fiat, I buy btc with it (unless it is on a very sharp rise; I only buy when the price has been stable for a few weeks).

I used to mine, back when multi-GPU mining was still somewhat profitable and I was much younger, but I never made much money doing so because the electricity bills were quite high, and I had to sell coins to pay the bills.
I also used to sell BTC via Western Union on this forum on my main account to people in third world countries, but I'm unable to recover the password. I doubt I'm going to ever do that again.

All the profit I've made from BTC has been from holding rather than mining. I don't think I'm ever going to mine another bitcoin again, let alone buy an ASIC.
Small scale mining is also stressful, heats up the house, hardware crashes randomly, parts fail, no thanks. I'll let those giant mining corps deal with those stresses.

I'm still confused why people keep talking about this Tesla news. I haven't read the news and I don't understand what's really happening, but from what I have read so far, people are saying that Tesla decided to stop accepting Bitcoin as a payment on their website. If that's just what happened, then I don't really see how we can link that to the price that has been falling. Unless they sold their $1.5 billion investment in bitcoin??? Because that's the only thing I think can affect the market in one way or the other. That aside I don't think not accepting it as payment can do much.

Anyway, I won't say much since I haven't gotten to know much about it. As for what I have been making use of bitcoin for, it's only for investment and for making transactions. I haven't used Bitcoin to make a purchase before. Maybe one day I might do that, but it hasn't been of interest to me to try it.

nothing, there are better solutions for payments and it has never been a good way to store value. I own some because I saw MACD indicators saying I should buy and I did well so I kept some.

Basically for me at the moment is purely for speculation/trading. Most of the stores I buy stuff from being it online or within the community do not really use bitcoin at the moment and I have not come across anything that might make me spend my Bitcoin directly other than trading.

For some there are online wallets that has an easy convert function so you would use your bitcoin to payments or any other function of a money, I use mine for paying bills but the way it is handled is that I pay the online wallet using bitcoin so basically they're buying my bitcoin to use it for payment. If that counts as usage, but other than investment I don't have a specific use for bitcoin, I would only use it for trading since most trading only has the USD so we need to buy bitcoin or eth first before getting the chance to trade.