Bitcoin Forum

Economy => Trading Discussion => Topic started by: Mikestang on February 26, 2015, 11:00:23 PM



Title: Purchsed my first BTC, spent my first BTC
Post by: Mikestang on February 26, 2015, 11:00:23 PM
Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: Madness on February 27, 2015, 08:43:40 AM
Congratulations on your first coin mate ;D
I personally prefer holding my BTC instead of spending them on any thing .

~ Madness


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: Q7 on February 28, 2015, 08:45:29 AM
Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.


That's great! And don't forget to resupply back the coin to cover the amount that you spent so that there is a net positive effect. In general, if everyone is doing the same it would help to create demand for bitcoin and help to lift up the price.


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: koshgel on February 28, 2015, 05:33:52 PM
Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: havecoch on March 01, 2015, 10:49:33 AM
Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.

But don't the merchants instead also sell those btc instantly back into Fiat ?


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: 1Referee on March 01, 2015, 02:34:45 PM
Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.

But don't the merchants instead also sell those btc instantly back into Fiat ?

They do, but their benefit is that they don't have to deal with ridiculous fees.

They don't have to worry about chargebacks and other stuff that is only a pain in the ass.

I'm sure there will be a point that merchants will at least keep 25% of the coins they receive from sales.


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: MamaGoose on March 01, 2015, 07:40:53 PM
Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.

i do not know why you are just buyed one bitcoin...
but if it is to invest in this cool digital currency wors,
you can take btc for the long run...
address number are rising
transaction/day are rising

it is only a matter of time!

 ;)


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: randy8777 on March 01, 2015, 11:33:28 PM
cool to hear! i have not yet spent any bitcoin but i'm thinking of buying myself some pc parts once i have enough coins.


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: redHairy on March 02, 2015, 06:22:35 PM
cool to hear! i have not yet spent any bitcoin but i'm thinking of buying myself some pc parts once i have enough coins.

if you are planning to setting up a RIG for mining,
i say you:

"DO NOT BUY RIG!!! BUY BTC DIRECTLY NAD HOLD IT FOR THE LONG RUN!!!

 ;) ;) ;) ;)


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: syamster on March 04, 2015, 02:01:24 PM
great to hear someones experience while purchasing using btc online, thanks for the posting


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: Mikestang on March 04, 2015, 04:42:43 PM
Now expecting my first payment from a sale in BTC.  Exciting stuff!


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: Blazed on March 04, 2015, 05:43:37 PM
Really good to hear of people actually spending some coins and not just hoarding them!


Title: Re: Purchsed my first BTC, spent my first BTC
Post by: Hazir on March 04, 2015, 05:52:01 PM
I am glad that someone is buying bitcoin to with it.. goods which are available in wider variety for "normal" currencies. Normally you would like to sell your bitcoin to buy power supply on amazon or something. It is unexpected that this happened in reverse.