Bitcoin Forum

So, a lot of peeps are saying "everyone is mining, everyone is hoarding, everyone is looking for something to buy", etc, and I figured it'd be nice if people made it public. I'm sure if 90% of people with bitcoins are ready to spend on the right things, businesses might be more attracted. Please be honest in the poll! I'm going with option 4 myself...I only see the need for 10 or so BTC long term, and the rest I'll just earn/spend as I get them.

What about you guys?

Well I’m getting into the mining and will hold out no more than a month at a time to cover my costs by selling off. Hoping the little stack that’s growing might be worth more in a year or so but I shall remain fluid and flexible. Like right now I won’t be selling own no sir.

Another poorly thought out poll.

I plan to; mine some, offer goods and services for some, buy some, sell some, buy goods and services with some.

Gee loookeydat, the exact same things I do with USD and other currencies.

lol, well that didn't stop you from replying.

So far even mix of all types of people, except no one just buying when they need it.

so what is interesting at 25 votes, is that around 48% of people so far are ready to spend their bitcoins, if the right purchase comes along. That's not a bad ratio at all.

So with the couple threads about sales not really happening for bitcoins are either false, or the stuff being advertised isn't exactly appealing..? Or local enough?

I'm ready to spend but not dying to just spend for the sake of spending. So, just any offer won't do. But variety grows, and that's good.

Busted! 8^)

Damn! I gotta work on being sneakier.

Yeah I reckon that's the same a fiat currency - you may have some money just sitting there and if the right thing comes along you'll buy it as long as "you can afford it" according to whatever saving rules you set.

I agree variety is important...I'm not sure the BTC acceptor wiki is the best way to go, since it'll be ridiculously huge soon enough and need to be reorganised, but it's probably the best solution so far...I don't know what would be better atm tbh.

Spend a bit if I see anything spendworthy, donate/tip a percentage and save the rest.

No point is saving them all. Spend a few, save a few. The only way to make sure that they are worth something in term of real goods is to spend some. It´s also they only way for the bitcoin economy to grow.

Honestly, I plan on saving all of my Bitcoins until they are at least 80% of my net worth. At that point I will start selling some of them. I am treating them like I would gold.

If there is a situation where it would be more convenient to use Bitcoins, then I might consider it.

I agree with you here.

I consider that risky, but not much more risky than holding 80% of your wealth in federal reserve notes at the moment. I think even holding 80% of your wealth in precious metals represents quite a heavy risk, but then again some people follow markets far more intensely than I do.

Your strategy is a good test of the old "history favours the bold" maxim.

I'm 50/50 BTC and Bullion. Only keeping enough paper cash for things that I can only buy with paper cash. I try first to spend with BTC.

I am in the process of making a website for this exact reason, to offer sites, products, goods and services for bitcoins.  I think that is the only way bitcoins will grow and become more stable is if people can actually buy what they want.  So if they can buy from items off NewEGG, or have a rummage type sale, blogs, mtgox ticker showing trade values etc, I think this will help people spend.  I plan on keeping some and spending some.