Take about $30 of it and get some of George's baklava. Seriously. It's that good.
http://mandrik.com
Topic: What should I buy with $100 worth of BTC? (Read 2585 times)
Give me some ideas. 
100 shares of Diablo Mining Company https://bitcointalksearch.org/topic/diablo-mining-company-77469
I tend to check up on the Marketplace forum for things that interest me. I was lucky enough to profit from the "early adopter" idea in the realm of a couple hundred dollars, and I'm dedicating the rest of my BTC to actual commerce. I've paid for Photoshop services on my current avatar's base image, played many a hand of BlackJack, gambled my luck with a few BitLotto tickets (odds are low but infinitely better than the lotto tickets at my local gas station), gave out a few Christmas gifts for people who recently installed the Bitcoin client, things like that. Oh, and I've spent plenty a Bitcoin for BitcoinTorrentz hehe. VPS and web-hosting services have been available for almost the entire history of Bitcoin, and I would use them if I needed them.
Or you could always hold on to the 20 BTC under the assumption that the price will increase and your buying power per BTC will increase in time, though I do find it extremely suspicious that the price has been so stable at ~$5 for so long, so I wouldn't count on that as a capital investment at this point to be honest.
Or you could always hold on to the 20 BTC under the assumption that the price will increase and your buying power per BTC will increase in time, though I do find it extremely suspicious that the price has been so stable at ~$5 for so long, so I wouldn't count on that as a capital investment at this point to be honest.
Play some blackjack and get some hookers lol
Toss them at someone on the other end of a web-cam to get them to do specific things to their bodies while you milk yourself dry.
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Actually, when I had this problem, I choose to give them to ~goat (new name now) who had some involvement with an organization in Thailand aimed at helping out kids who drew short straws in life. You might try something like that to if that's more your thing.
buy drugs!
go 5 to 1 long on bitcoincia and double your money in no time!!!
no one loled, too soon?
lol
Some Bees Brothers honey caramels. These things are really good!
https://bitcointalksearch.org/topic/wts-honey-caramels-60863
https://bitcointalksearch.org/topic/wts-honey-caramels-60863
+1
GLBSE stock 
Cognitive, specifically
Place some bets on betsofbitcoin
Sell it for cash then buy more BTCs.
I don't like your title. You should just say what should I buy with 20 BTC (or however much you have).
Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.
Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.
Quoting the value of BTC in terms of USD is not the same as "pegging it". BTC will always have a USD price, just as USD will always have a EUR price, or EUR will always have a BTC price. Trying to separate one from exchange rates with the others is futile.
I hope that some day people will have a "feeling" of how much 1 BTC is worth without pondering about the dollar conversion, but this will take many years and can't happen until Bitcoin's exchange rate holds stable for extended periods of time.
$500 worth of bit.. oh wait.
You can also invest it in your business. Graphic design for your website, advertising, and possibly developing a new or enhancing an existing aspect of your services can be done for BTC.
Edit: I misread the title as "Why should I buy $100 worth of BTC" …I thought the OP was pondering what reasons one would have for possessing Bitcoin. I suppose that still could have been the reason for the question.
It's an excellent question, but I think investment opportunities shouldn't be allowed as answers. That's not to say that there aren't good investment opportunities (including Bitcoin itself), but it's important that Bitcoin be used for actual commerce. It's possible that Bitcoin's monetary properties will make it worth holding regardless of whether it's ever used directly for much commerce. It could prove to be an effective store of value even if merchants never directly accept it on a broad basis. In my opinion that's a compelling reason to hold some Bitcoin, but Bitcoin will be much more compelling if there are plenty of commerce based reasons for holding some of it. I also think you should disallow answers regarding speculation about future commercial uses of Bitcoin. Here are a couple of commerce based reasons for having a few Bitcoins right now:
- to buy drugs on silk road …ok, I had to throw that one out there
- to buy VPN services if you live in a part of the world that has restrictive firewalls for accessing the internet
- an easy way to pay people for services, or settle debts, without being subjected to limited banking hours, or handling paper checks, or waiting days for electronic payments to clear, or paying outrageous fees for international wires
- to save money on a purchase where Bitcoin sales are discounted due to the higher fees/risks that merchants have with other payment options
- to buy goods and services from eCommerce sites if you happen to live in an area where other payment options are cost prohibitive or outright impossible (there are many countries from which eCommerce websites either cannot accept credit card payments, or the fees are ridiculously high…like 20% high)
- to make purchases without divulging bank account or credit card information that could be stolen from a merchant with poor security practices
There are a lot of things that can be bought with Bitcoin, but not necessarily exclusively with Bitcoin or where Bitcoin offers any particular advantage over other payment methods. I also think that the unique properties and capabilities of Bitcoin transactions will make it a compelling tool for many types of transactions in the future, but that's speculation about the future commercial uses of Bitcoin. I also didn't list illegal uses of Bitcoin (aside from silk road) because if the predominant use of Bitcoin is for illegal activity, then Bitcoin will never see widespread use outside of criminal organizations.
What else can be added to this list that isn't speculation about the future utility of Bitcoin, that isn't investment oriented and that isn't illegal in nature? The longer this list is, the better off Bitcoin will be.
It's an excellent question, but I think investment opportunities shouldn't be allowed as answers. That's not to say that there aren't good investment opportunities (including Bitcoin itself), but it's important that Bitcoin be used for actual commerce. It's possible that Bitcoin's monetary properties will make it worth holding regardless of whether it's ever used directly for much commerce. It could prove to be an effective store of value even if merchants never directly accept it on a broad basis. In my opinion that's a compelling reason to hold some Bitcoin, but Bitcoin will be much more compelling if there are plenty of commerce based reasons for holding some of it. I also think you should disallow answers regarding speculation about future commercial uses of Bitcoin. Here are a couple of commerce based reasons for having a few Bitcoins right now:
- to buy drugs on silk road …ok, I had to throw that one out there
- to buy VPN services if you live in a part of the world that has restrictive firewalls for accessing the internet
- an easy way to pay people for services, or settle debts, without being subjected to limited banking hours, or handling paper checks, or waiting days for electronic payments to clear, or paying outrageous fees for international wires
- to save money on a purchase where Bitcoin sales are discounted due to the higher fees/risks that merchants have with other payment options
- to buy goods and services from eCommerce sites if you happen to live in an area where other payment options are cost prohibitive or outright impossible (there are many countries from which eCommerce websites either cannot accept credit card payments, or the fees are ridiculously high…like 20% high)
- to make purchases without divulging bank account or credit card information that could be stolen from a merchant with poor security practices
There are a lot of things that can be bought with Bitcoin, but not necessarily exclusively with Bitcoin or where Bitcoin offers any particular advantage over other payment methods. I also think that the unique properties and capabilities of Bitcoin transactions will make it a compelling tool for many types of transactions in the future, but that's speculation about the future commercial uses of Bitcoin. I also didn't list illegal uses of Bitcoin (aside from silk road) because if the predominant use of Bitcoin is for illegal activity, then Bitcoin will never see widespread use outside of criminal organizations.
What else can be added to this list that isn't speculation about the future utility of Bitcoin, that isn't investment oriented and that isn't illegal in nature? The longer this list is, the better off Bitcoin will be.
I don't like your title. You should just say what should I buy with 20 BTC (or however much you have).
Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.
If people are curious about buying USD with BTC, then that'll be one of the suggestions...
Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.
If people are curious about buying USD with BTC, then that'll be one of the suggestions...
GLBSE stock
This is probably your best bet. Mining bonds and whatnot will get you some steady returns.
Invest in WalletBit?
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