Bitcoin Forum

Economy => Economics => Topic started by: Hunterbunter on July 05, 2011, 10:23:04 AM



Title: POLL: How you're planning on using your bitcoins
Post by: Hunterbunter on July 05, 2011, 10:23:04 AM
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?


Title: Re: POLL: How you're planning on using your bitcoins
Post by: V4Vendettas on July 05, 2011, 11:52:18 AM
Well Iím 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 thatís growing might be worth more in a year or so but I shall remain fluid and flexible. Like right now I wonít be selling own no sir.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Smalleyster on July 05, 2011, 11:59:06 AM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Hunterbunter on July 05, 2011, 02:17:00 PM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Hunterbunter on July 05, 2011, 03:21:25 PM
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?


Title: Re: POLL: How you're planning on using your bitcoins
Post by: piramida on July 05, 2011, 10:59:55 PM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Smalleyster on July 05, 2011, 11:19:04 PM

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


Busted! 8^)

Damn! I gotta work on being sneakier.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Hunterbunter on July 06, 2011, 02:17:07 AM
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.

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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Vitalik Buterin on July 06, 2011, 11:47:51 PM
Spend a bit if I see anything spendworthy, donate/tip a percentage and save the rest.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: flix on July 09, 2011, 08:39:07 PM
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. Itīs also they only way for the bitcoin economy to grow.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: imperi on July 10, 2011, 07:06:12 AM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Einewton on July 11, 2011, 06:19:13 PM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Bitcoin_Silver_Supply on July 11, 2011, 09:38:41 PM
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 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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: Trader Steve on July 12, 2011, 01:03:01 AM
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.


Title: Re: POLL: How you're planning on using your bitcoins
Post by: mizike29 on July 12, 2011, 03:52:10 PM
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.