Bitcoin Forum

i dont think btc is a currency
btc is more like a bulk commodity
i used btc for 3 years 
but  i  never used it to buy anyhing
always trading btc

I regularly use it to buy things
Merchant adoption of btc has grown at a stunning rate, manifold buying options exist now

I don't think the need to classify Bitcoin is very important.  If you have found value in it as a bulk commodity that is great.  I for one like the idea of being able to make a transaction with someone across the country in an instant, so I have no problem calling it a currency.

Only miners occasionally use bitcoin to pay. Or people try to use it first time on overstock or tigerdirect.

Other than that, most people who owned bitcoin are hoarding it.

That is not a valid point and bit one sided.  People use Bitcoin all the time to make transactions.  There are tons of services available and merchants.  The people that think people don't spend their Bitcoin are wrong.  I've spent Bitcoin on food and other items.  I've been able to see how well it is as a currency.  It is like saying if people save their dollars that in someway means the dollar isn't a worthwhile currency which is just false.

I was never mining (well I was but my GPU/CPU is not enugh :D) and to use Bitcoins to pay for something in 99% of cases I need to exchanged them into fiat :( which I don't like and I believe that in next 5 years I will be able to never exchange Bitcoin into anything :) and pay with it for everything...

Those times will come.

I am one of the few who think realcoin might prove to be better suited for daily transaction.

What kind of a coin is that??? You are kidding me don't you??
There is NO better coin than Bitcoin :)

Yes it is a currency and I do use it to buy things.  In order for further acceptance we need to use it.  I am still amazed at its utility after trying to go back and use fiat to transfer value in a fast manner

BTC IS CURRENCY :)
I am byung a lot of different things with BTC. If you only hold it this will make it non currency. Currency is for exchanging. I bought two pizzas back in the day when it was about 80 $ and now I see that those pizzas are a lot more expensive for m , but i dont regret. People come one spend part of your BTC this is the way you will make it currency!

i am using BTC for shop only on AMAZON .com

I buy something at least once a week with bitcoin. And I do 99% of my online shopping with bitcoin. I no longer use my debit card online. For me it is money. I don't understand your assertion that because you have not bought anything with bitcoin, it can't be money. I suppose that means that because I no longer use my debit card, debit cards are not money either?

Why? Because bitcoin is the fastest, cheapest, and safest way to buy anything from anyone on the internet.

There are shops that accept Btc but it is limited, in the near future im sure that the number of shops that accept Btc will increase tremendously

I agree, the price is too volatile to use it as a currency: keep you savings, take loans or use it for daily spendings

No better implies statism and no further improvement can be done on currency and payment system.

Do you believe we have reach technology peak?

yeah i used it to bought some goods/computer stuffs from retailer who accept bitcoin ;D
why ? because i don't have paypal/credit card (and i don't like it too), buy something with bitcoin is easier for me

Sure, I use BTC to buy things all the time. However, this is probably influenced by the fact that I am sitting on considerable gains (%-wise at least :P). Probably wouldn't spend much if I were just buying in now.

I haven't made a non-btc purchase in months. If I can't buy it with btc, either directly or indirectly via buying a gift card with my btc, I don't buy it. In fact, I just ordered a pizza a couple days ago using a gift card purchased with btc. What drew me to it as a means of transferring value is the fact that it can be transferred anywhere across the globe within minutes or even seconds with negligible (if any) fees attached. You can't say that about paypal, credit cards, bank/bank transfers, personal check, etc. All those other forms of payment either take days to clear and for the recipient to receive it or they incur very large fees for faster transfer times. As a payment system, Bitcoin (and crypto in general) is light years ahead of any other method except maybe making a physical, hand-to-hand, in-person cash transaction. And even that has its limits because you have to be within arm's reach of who you're handing the money to. Bitcoin really is the currency of the future and not just some bulk commodity to be traded between speculators. All I'm waiting for now is the day when I can completely do away with anything fiat-linked and pay all of my bills and taxes and whatnot with btc. We're not quite there yet, but that day is coming.

How about day-to-day purchases like groceries? You don't frequent local restaurants/small businesses that don't accept bitcoin? That's crazy, but I guess you're livin' the dream... :)

haha. i guess i should make the disclosure that I still live with my parents. so stuff like groceries and whatnot are taken care of by them. and i really don't eat out all that much or frequent local businesses. although i do have a coinbase account that's linked with a netspend bank account/debit card. so if i do happen to actually need fiat for something, that's how i do that. another thing i'll do sometimes is i'll buy some gold or silver bullion via one of the online precious metal retailers and then just go sell that at a local coin shop for cash. but pretty much everything i buy is purchased online through a handful of retailers that either directly accept btc or have gift cards available through gyft.com. like i said, if i can't somehow use my bitcoin to buy it, i don't buy it.

Holding and only using btc to buy miner for now.

I have bough various things.

If I have some in my KryptoKit browser wallet, it is so much easier to pay with BTC than with fiat.

I do use BTC to buy things sometimes. Gift cards, orders on Foodler. I don't know if that makes it a currency or not, LOL. The distinction isn't all that important to me.

I just used it to buy a laptop from Dell :)

i use it when i have it. i bought in a long time ago and keep most in cold storage, but when i get paid for services, etc, i usually keep them in a hot wallet and spend them eventually.

I prefer to keep them using them for trading and any other service that make profit.

I sometimes spend my trading gains on Amazon.

Trading with BTC seems to be a nice option for people who are experienced with Bitcoin Usage. Those who are novice & arent used to make full use of Bitcoins dont do more than simple transactions with it...

I sports bet with it during football season.

I have played poker with BTC in the past.

I have purchased gift cards with it as well.

I have paid for services before with it. Dropped a few BTC at stripforbit before.

Used to play satoshi dice back in the day. Never spent much there.

Bought a mining share last year.

I think that is all. Besides trading of course.

I think it's definitely a currency and commodity. I love to buy and spend btc, but it takes a lot to win me over. It has to be a really nice deal and/or btc exclusive.

If I spend it - I buy it back

I use it as much as I can so I can try to get more people to discover how well it works.

When huge merchants (its already happening, dell, overstock, newegg) start accepting it, especially apple, and restaurants like mcdonalds and sturbucks, start accepting bitcoin, thats when you will realise it will work as a currency. Imagine how simple it would be to order something. Scan a QR code.

Think about those huge companies accepting bitcoin, though. They have huge supply chains of vendors, all requiring fiat for payment. Either bitcoin makes leaps and bounds in mainstream adoption first, such that those supply chains are partly payable in BTC, or that would be an incredible constant downward push on BTC price.

that's what's i've been thinking for a long time. people say "we should all convince Amazon to accept BTC". thing is, it's gonna take more than convincing. what are they going to do with all the BTC, considering their volume?

???

I only use it as a currency. In fact I have never sold a bitcoin. I buy them, then spend them when I shop online. Why? Because it is the fastest, safest, and cheapest way to buy anything from anyone, anywhere on the planet.

Same, I have never sold one, but I am starting up a site and of course I will want to get some cash out of that, but really its pointless to sell your bitcoin.