Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: jeromanomic on August 10, 2014, 11:29:17 AM



Title: Are You Spending Bitcoin?
Post by: jeromanomic on August 10, 2014, 11:29:17 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?


Title: Re: Are You Spending Bitcoin?
Post by: LiteCoinGuy on August 10, 2014, 11:48:45 AM
    
Are You Spending Bitcoin?


Yes.


Title: Re: Are You Spending Bitcoin?
Post by: Gervais on August 10, 2014, 11:55:14 AM
Some people spend, some hodl. What does it matter if they sell it? The money goes back into the system and round and round.


Title: Re: Are You Spending Bitcoin?
Post by: Meuh6879 on August 10, 2014, 11:56:26 AM
I always pay (now) with fiat currency ... so no, i transform in BTC to hold ... but not use (perhaps when my car will fail, i search a car bitcoin seller  ;D they always accept many particulate money when they WANT sell without the old car)


Title: Re: Are You Spending Bitcoin?
Post by: guybrushthreepwood on August 10, 2014, 11:58:00 AM
Will shopping with Bitcoin be good or bad for the price of BTC?

How could it possibly be bad. Merchants are what drives adoption. We need people constantly spending their coins to higher the demmand and thus with a limited supply the price will rise.


Title: Re: Are You Spending Bitcoin?
Post by: TrailingComet on August 10, 2014, 11:58:40 AM
Yes absolutely
I hold 50%, spend the rest and trade stuff to replenish


Title: Re: Are You Spending Bitcoin?
Post by: Cranky4u on August 10, 2014, 12:01:58 PM
People must use BTC as a transaction (spend) or the entire system freezes up with everyone holding. This would leave bugger all currency floating around, pushing the coins through the roof in price until nobody will swap them for goods because transactions are limited.

Moral of the situation, in order for the BTC economy to grow then a reasonable percentage of the BTC economy must be transacted.


Title: Re: Are You Spending Bitcoin?
Post by: gtraah on August 10, 2014, 12:15:49 PM
When ever I spend I buy the exact amount back.

Also It does not matter if they sell right away, someone will always buy it. Eventually when the price is more stable these companies will start to figure that they may as well hold some eventually they may end up holding all, Overstock already holds 10% possibly even more now.

And If MANY shops start to accept it. Food, Electronics, Auto industry, Bills (Water, Gas, electricity), Fuel , telephone etc...

Eventually they will realise well the price is stable, Millions of merchants are now accepting it & price is slowly on the creep up... this currency is Finite and deflationary.. it will make sense to start keeping 20/30/40/50% or maybe even more... At the end of the day since so many merchants are accepting we can even use it like normal dollars and pay our bills with it or buy stock with it ETC

I think we should stop worrying about what companies do with the BTC after we purchase in the long term this is helping this industry and Bitcoin, you can believe that!


Title: Re: Are You Spending Bitcoin?
Post by: Baitty on August 10, 2014, 12:24:23 PM
I'm forever doing little trades with Bitcoin because I know without trading Bitcoin this revolutionary idea will eventually die people need to trade to make it worth as much as it is.


Title: Re: Are You Spending Bitcoin?
Post by: BTCevo on August 10, 2014, 12:27:15 PM
I use it mostly for day trading, other than that it has no use to me  :-\


Title: Re: Are You Spending Bitcoin?
Post by: Baitty on August 10, 2014, 12:30:14 PM
I use it mostly for day trading, other than that it has no use to me  :-\

How does it not have any use to you? are you using Bitcoin just to profit in fiat? if so you are doing it wrong and will probably lose out in the long run even if you do profit for a short while.


Title: Re: Are You Spending Bitcoin?
Post by: MakeBelieve on August 10, 2014, 12:32:06 PM
I mostly purchase small items which are easier to purchase with Bitcoin but because not every place accepts Bitcoin I don't use it for the majority of my purchases.


Title: Re: Are You Spending Bitcoin?
Post by: Justin00 on August 10, 2014, 12:33:14 PM
Can you explain your opinion on why they would lose out in the long run ?

I bought something with BTC the other day.. Hadn't spent any in a while. Was a tiny amount, like 0.03 but easier than using paypal so I was happy to use it.. this time :)

I use it mostly for day trading, other than that it has no use to me  :-\

How does it not have any use to you? are you using Bitcoin just to profit in fiat? if so you are doing it wrong and will probably lose out in the long run even if you do profit for a short while.


Title: Re: Are You Spending Bitcoin?
Post by: sandykho47 on August 10, 2014, 12:47:23 PM
Yes, i just some buy some original games with bitcoin  ;D
and i think bitcoin price might down if they as fast as they can / might went up if they believe BTC price will raise up  ;D

Can you explain your opinion on why they would lose out in the long run ?

I bought something with BTC the other day.. Hadn't spent any in a while. Was a tiny amount, like 0.03 but easier than using paypal so I was happy to use it.. this time :)

I use it mostly for day trading, other than that it has no use to me  :-\

How does it not have any use to you? are you using Bitcoin just to profit in fiat? if so you are doing it wrong and will probably lose out in the long run even if you do profit for a short while.

Yeah, i use BTC to buy items. because the low fee  ;D than paypal


Title: Re: Are You Spending Bitcoin?
Post by: MakeBelieve on August 10, 2014, 12:53:48 PM
I can't wait for the day where I'll be able to pay with Bitcoin for my utility bills and grocery bills.


Title: Re: Are You Spending Bitcoin?
Post by: Daniel91 on August 10, 2014, 01:08:20 PM
Yes I spending Bitcoin and don't see what is the problem with this.
If nobody spend Bitcoin, for buying digital services and products, merchants will not be interesting to accept bitcopin as additional currency.
Trade can just help global popularity of Bitcoin, so it's not wrong to spend it :)


Title: Re: Are You Spending Bitcoin?
Post by: TheGame on August 10, 2014, 01:50:45 PM
I've spent a tiny bit and gambled a little bit, but I'd rather save it for a little while as an investment.


Title: Re: Are You Spending Bitcoin?
Post by: ensurance982 on August 10, 2014, 01:54:45 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)


Title: Re: Are You Spending Bitcoin?
Post by: Prez on August 10, 2014, 01:55:09 PM
I've spent way more than I should of.

If you only hold your coins that real bad imo.


Title: Re: Are You Spending Bitcoin?
Post by: Ron~Popeil on August 10, 2014, 01:56:13 PM
I use it all the time. Whatever I spend I replace immediately. I take a hit on exchange fees but it is my way of supporting the bit coin economy.


Title: Re: Are You Spending Bitcoin?
Post by: ensurance982 on August 10, 2014, 01:58:24 PM
I've spent way more than I should of.

If you only hold your coins that real bad imo.

Well, why would it be necessarily bad? I can only think of maybe one reason: If you only hold your coins and never spend them, it doesn't even matter how high the BTC price gets, you'll never realize your gains and never profit from the increased price. It doesn't even matter whether you buy something with your coins or just plain and simple sell them, but you need to use them in order to profit from the increased value!


Title: Re: Are You Spending Bitcoin?
Post by: gtraah on August 10, 2014, 02:20:02 PM
I use it mostly for day trading, other than that it has no use to me  :-\

No use to you? It seems you don't even believe in it and your only here to try to get rich and then never looking back if you do manage to.  If you were here to try benefit the ecosystem, you would be invested in it, Using it for purchases when you can, the occasional trading is ok.

Trying to help the ecosystem is a good thing if you believe in something. But to say it has no use to you other than trading, doesn't sound like your even interested in the concept.

I really hope there aren't many people like this here for the sake of bitcoin


Title: Re: Are You Spending Bitcoin?
Post by: MakeBelieve on August 10, 2014, 02:22:45 PM
I've spent way more than I should of.

If you only hold your coins that real bad imo.

Well, why would it be necessarily bad? I can only think of maybe one reason: If you only hold your coins and never spend them, it doesn't even matter how high the BTC price gets, you'll never realize your gains and never profit from the increased price. It doesn't even matter whether you buy something with your coins or just plain and simple sell them, but you need to use them in order to profit from the increased value!

It's the law of economics if there is no use for them ie no one is trading with Bitcoin then there is no use for Bitcoin other than collecting so the price would go down because supply and demand would go down. so just holding is bad the more people who trade with bitcoin are making it successful because they are creating supply and demand the people who are being selfish and are only holding are not really contributing to this unique and revolutionary idea.


Title: Re: Are You Spending Bitcoin?
Post by: HarmonLi on August 10, 2014, 02:26:12 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Nah, I just hold them. The price is too low at the moment. If I sell them now or use them to buy stuff, I guess I would be off at a loss. But I'm looking forward to use my BTC to buy something in the future when the price goes back up again! Maybe even into a new bubble!


Title: Re: Are You Spending Bitcoin?
Post by: bitcoinminer007 on August 10, 2014, 04:35:22 PM
Now i am trying to earn some Bitcoin. If i can able to earn some Bitcoin then i will think about spending it.


Title: Re: Are You Spending Bitcoin?
Post by: BTCevo on August 10, 2014, 04:43:07 PM
I use it mostly for day trading, other than that it has no use to me  :-\

How does it not have any use to you? are you using Bitcoin just to profit in fiat? if so you are doing it wrong and will probably lose out in the long run even if you do profit for a short while.

Well if I'm going to buy something I'll do it in person for cash or in the shops with my cc, online with my cc also, and there's not that many things you can buy with btc, I can't pay my rent with it, can't buy my food with it and certainly can't pay my taxes with it! what else could I do other than gamble or day trade?

Gambling I lose most of the time so I tend to stick to day trading as I have more control and tend to profit most of the time.

So until btc becomes more widely accepted I really have no other use for it.


Title: Re: Are You Spending Bitcoin?
Post by: ParacelStorm on August 10, 2014, 04:50:22 PM
I actually have no bitcoins yet but after getting one i won't spend it.


Title: Re: Are You Spending Bitcoin?
Post by: Mobius on August 10, 2014, 05:25:12 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Nah, I just hold them. The price is too low at the moment. If I sell them now or use them to buy stuff, I guess I would be off at a loss. But I'm looking forward to use my BTC to buy something in the future when the price goes back up again! Maybe even into a new bubble!
Why wouldn't you spend your BTC, then buy an equal amount of BTC on an exchange and/or on a trade? This would increase the amount of BTC adoption, will likely allow you to buy goods at a discount and increase the size of the bitcoin economy.


Title: Re: Are You Spending Bitcoin?
Post by: oceans on August 10, 2014, 11:35:45 PM
At the moment I am holding bitcoins but I would not ever rule out the chance of spending bitcoins and keeping some in storage when the time came. So far I have not felt the need to want to use bitcoin but sooner or later that time will come when more companies start accepting.


Title: Re: Are You Spending Bitcoin?
Post by: Skoupi on August 10, 2014, 11:45:23 PM
People that don't get paid in bitcoins or just don't have much, tend to hoard.
Personally i would spend more if i had access to a bitcoin atm so i can turn my fiat to bitcoins with ease..


Title: Re: Are You Spending Bitcoin?
Post by: beetcoin on August 10, 2014, 11:54:51 PM
i haven't spent any yet so far. i think retailers need to offer discounts that would offset the exchange fees.. in that case, i'd buy bitcoins off the exchange and then make my purchase since it wouldn't cost anything and would help bitcoin.


Title: Re: Are You Spending Bitcoin?
Post by: keithers on August 11, 2014, 12:40:30 AM
I'm not really spending much BTC.   I am adding more here and there.   I did just spend some recently on a new Trezor, but I immediately put that amount of BTC back into one of my wallets.

I would have bought it with credit card or debit card if they would have accepted it.   It was actually the first time that I have actually spent BTC.   I was pleasantly surprised with how easy it was. 


Title: Re: Are You Spending Bitcoin?
Post by: herebittybittybitty on August 11, 2014, 01:54:07 AM
I spend as much as I can. If I drain my btc wallet, which happens a lot, a couple mouse clicks on Coinbase can top it up $1,000 worth of Bitcoin instantly.


Title: Re: Are You Spending Bitcoin?
Post by: jaberwock on August 11, 2014, 02:17:58 AM
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.

Why buy things with my most valuable stuff, when I can give worthless fiat?


Title: Re: Are You Spending Bitcoin?
Post by: herebittybittybitty on August 11, 2014, 02:26:03 AM
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.

Why buy things with my most valuable stuff, when I can give worthless fiat?

Because it increases the usage and acceptance of Bitcoin. Pay with Bitcoin, then use the fiat you would have used for the purchase to instead buy more Bitcoin. Voila.


Title: Re: Are You Spending Bitcoin?
Post by: hdbuck on August 11, 2014, 02:28:25 AM
no.

http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/


Title: Re: Are You Spending Bitcoin?
Post by: zhinkk on August 11, 2014, 02:28:29 AM
Yes, I love spending bitcoin. One thing I do feel bad for is using things like snapcard. Because yes, I can purchase almost anything with bitcoin. However, the vendor does NOT know I used bitcoin so it doesn't really do any good. :/


Title: Re: Are You Spending Bitcoin?
Post by: jaberwock on August 11, 2014, 02:50:29 AM
I invest to get more Bitcoin, and only buy things to multiply my Bitcoins.

Why buy things with my most valuable stuff, when I can give worthless fiat?

Because it increases the usage and acceptance of Bitcoin. Pay with Bitcoin, then use the fiat you would have used for the purchase to instead buy more Bitcoin. Voila.

Fees to convert Fiat to Bitcoin are high. Also lack of acceptance from the stores I most use.
But I spend on investing, so I do my part.


Title: Re: Are You Spending Bitcoin?
Post by: Mobius on August 11, 2014, 04:24:42 AM
i haven't spent any yet so far. i think retailers need to offer discounts that would offset the exchange fees.. in that case, i'd buy bitcoins off the exchange and then make my purchase since it wouldn't cost anything and would help bitcoin.
The exchange fees are generally very low and would be much lower then if you were to pay via a credit card. For a merchant to offer a small discount for consumers accepting bitcoin they would still end up on top because the cost for credit cards is usually in excess of 3%.


Title: Re: Are You Spending Bitcoin?
Post by: johnyj on August 11, 2014, 05:04:14 AM
Hope one day I could mortgage it and get a loan to spend


Title: Re: Are You Spending Bitcoin?
Post by: weerab11 on August 11, 2014, 05:21:00 AM
It all goes back into rotation of bit coins i wouldn't worry.


Title: Re: Are You Spending Bitcoin?
Post by: Dogtanian on August 11, 2014, 06:34:51 AM
I;m not currently spending bitcoin as I believe in them as a currency and think their use is only going to grow, so am saving them as an investment. I can't wait to spend them and see what I can get for my money though.


Title: Re: Are You Spending Bitcoin?
Post by: Dacm4n on August 11, 2014, 06:41:57 AM
I spend them all the time, I prefer using Bitcoin over a credit or debit card.


Title: Re: Are You Spending Bitcoin?
Post by: desired_username on August 11, 2014, 06:42:50 AM
I always spend/donate some bitcoin.

Beginning from q1 2014 it became my main payment solution.


Title: Re: Are You Spending Bitcoin?
Post by: Mr Tea on August 11, 2014, 06:45:42 AM
I;m not currently spending bitcoin as I believe in them as a currency and think their use is only going to grow, so am saving them as an investment. I can't wait to spend them and see what I can get for my money though.

I think that's a wise idea and I'd like to do that too (though I don't have much at the minute) as I'm sure it's only a matter of time before we see quite a hefty price rise again, so holding on to coins for a while could be a good investement.


Title: Re: Are You Spending Bitcoin?
Post by: Argwai96 on August 11, 2014, 06:47:45 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

This is a commonly held view, but it's not so simple. We can't so easily gauge off-exchange demand. I suspect processors like Bitpay and Coinbase only sell on the exchanges when it is profitable for them to do so. And I don't think that they usually dump all coins they process on exchanges -- not at all -- so I am not sure how much it depresses price.


Title: Re: Are You Spending Bitcoin?
Post by: MrCrabs on August 11, 2014, 07:29:46 AM
Spend Bitcoin at every opportunity you get and replace it immediately. That helps to get it into the system and gives it more value.
 :)


Title: Re: Are You Spending Bitcoin?
Post by: xdominating on August 11, 2014, 07:53:04 AM
im new on this, but if i must have spend my bitcoin, i want to buy some stuff for my necessities of life, like food;clothes;bill etc.

survive number one, fun number two. thats my rule  ;D



Title: Re: Are You Spending Bitcoin?
Post by: movelikejagger on August 11, 2014, 07:56:06 AM
I spend them all the time, I prefer using Bitcoin over a credit or debit card.
Where usually do you spend btc? On which resources?


Title: Re: Are You Spending Bitcoin?
Post by: blablaace on August 11, 2014, 07:57:46 AM
i dont know why people compalin about spending btc on food etc..

btc circle..just like real money


Title: Re: Are You Spending Bitcoin?
Post by: tss on August 11, 2014, 08:29:40 AM
idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc


Title: Re: Are You Spending Bitcoin?
Post by: Spearmint on August 11, 2014, 10:31:14 AM
If i can i will use them 100%


Title: Re: Are You Spending Bitcoin?
Post by: MakeBelieve on August 11, 2014, 10:32:14 AM
idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc

So? if no one trades at all no one is losing or gaining? What are you talking about?


Title: Re: Are You Spending Bitcoin?
Post by: Hiraga on August 11, 2014, 10:35:04 AM
Spending bitcoins for altcoins, they may be the biggest BTC merchants.


Title: Re: Are You Spending Bitcoin?
Post by: will_see on August 11, 2014, 10:47:19 AM
I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC


Title: Re: Are You Spending Bitcoin?
Post by: MakeBelieve on August 11, 2014, 10:49:57 AM
I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC

That's what we are all hoping for but it's very likely to happen for most companies since Dell have opened their doors they have been making a great profit I think other companies need to jump on it and accept Bitcoin.


Title: Re: Are You Spending Bitcoin?
Post by: 2double0 on August 11, 2014, 11:51:46 AM
I bought a dell not long ago when they accepted it!! Yay


Title: Re: Are You Spending Bitcoin?
Post by: Rampton on August 11, 2014, 11:55:53 AM
I haven't spent any of my coins yet, but I'm itching to. I just can't bring myself to spend any at the moment when the coins were worth double what they are at the moment.

I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC

I sure hope you're right. The benefits to them as merchants are many compared to credit cards and paypal etc.


Title: Re: Are You Spending Bitcoin?
Post by: tatu on August 11, 2014, 12:11:46 PM
I've spent a little amount. I gambled a little, topped up my phone and bought a few takeaways, but I'm more inclined to join the hoddlers now and see where bitcoin goes.


Title: Re: Are You Spending Bitcoin?
Post by: LiteCoinGuy on August 11, 2014, 12:15:59 PM
spending or holding?

the crazy thing is : you can do both ;D


Title: Re: Are You Spending Bitcoin?
Post by: tatu on August 11, 2014, 12:35:12 PM
spending or holding?

the crazy thing is : you can do both ;D

I think doing both is both great for the promotion and bitcoin and also a safe investment. I just only wish bitcoin was worth what it was at its peak, though I'm sure it'll be back there eventually, so that why I hodl hehe.


Title: Re: Are You Spending Bitcoin?
Post by: Slark on August 11, 2014, 12:48:29 PM
I am spending my bitcoins I don't have that many and I don't think in the future 0.2 bitcoin will be worth like 10$k. I am buying PC games for majority of my BTC its good that you can buy it that way.


Title: Re: Are You Spending Bitcoin?
Post by: SellStuff on August 11, 2014, 12:49:30 PM
Where better to spend your bitcoins than private drug marketplaces?   :D

http://agorahooawayyfoe.onion/register/BFCZM97K1S


Title: Re: Are You Spending Bitcoin?
Post by: Haro on August 11, 2014, 02:02:18 PM
Yes, I spend bitcoins to buy stuff.


Title: Re: Are You Spending Bitcoin?
Post by: StevenS on August 11, 2014, 04:59:48 PM
Every time I buy stuff from Overstock.com, I spend bitcoin. (Although I only shopped there once.)
Every time I eat at Ocean Blue Sushi (http://oceanbluesushica.com/), I spend bitcoin. (Although I've only eaten there twice - Sushi is very high-carb.)

Summary: I'll spend more bitcoin when more places take it.


Title: Re: Are You Spending Bitcoin?
Post by: bitlyme on August 11, 2014, 05:07:09 PM
No BTC to spend yet.  ;D



Title: Re: Are You Spending Bitcoin?
Post by: countryfree on August 11, 2014, 08:21:37 PM
You've got to ask first if one's a miner or if he/she gets paid in BTC. If you have to buy BTC to spend them, it doesn't make much sense.


Title: Re: Are You Spending Bitcoin?
Post by: counter on August 11, 2014, 09:15:46 PM
Sadly yes but I try to use Bitcoin to make more Bitcoin in the short term.  I will admit that every time I do spend my Bitcoins on something I cringe or when I cash out for fiat that is the worst feeling!  Many times I've actually lost by not holding so yea..   >:(


Title: Re: Are You Spending Bitcoin?
Post by: keithers on August 11, 2014, 10:35:34 PM
Hope one day I could mortgage it and get a loan to spend

I don't think we are far off from that now :)


Title: Re: Are You Spending Bitcoin?
Post by: cutesakura on August 11, 2014, 11:27:18 PM
trully i've not spend bitcoin, because i've never get bitcoin in large number
maybe there is suggestion for me to get bitcoin, hopefully ...


Title: Re: Are You Spending Bitcoin?
Post by: tss on August 12, 2014, 09:10:17 AM
idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc

So? if no one trades at all no one is losing or gaining? What are you talking about?

i was referring to all the people who claim that because merchants convert bitcoin received to fiat right away, the more merchants accepting bitcoin, the lower the price will be driven down, due to all the immediate sales of coin on transaction..  total bs.


Title: Re: Are You Spending Bitcoin?
Post by: tss on August 12, 2014, 09:12:51 AM
Every time I buy stuff from Overstock.com, I spend bitcoin. (Although I only shopped there once.)
Every time I eat at Ocean Blue Sushi (http://oceanbluesushica.com/), I spend bitcoin. (Although I've only eaten there twice - Sushi is very high-carb.)

Summary: I'll spend more bitcoin when more places take it.

SUSHI IS HIGH CARB?  maybe you eat too much rice.. stick with sashimi.. all fish is protein.  very healthy and delicious.  stay away from california rolls.. fake crab and rice is not sushi.


Title: Re: Are You Spending Bitcoin?
Post by: wordman267645 on August 22, 2014, 09:30:04 PM
There's a proverb "A penny saved is a penny earned" so I don't want to spend it now buying stuffs! just want to hold it for future..


Title: Re: Are You Spending Bitcoin?
Post by: blablaace on August 24, 2014, 08:20:02 PM
trully i've not spend bitcoin, because i've never get bitcoin in large number
maybe there is suggestion for me to get bitcoin, hopefully ...

here, on forum, prime dice was one of best campagin and op closed it for new members..
join 777coin campagin, it pays good to newbies and jr members


Title: Re: Are You Spending Bitcoin?
Post by: onlyu on August 24, 2014, 08:45:12 PM
Only spending bitcoin when the merchant is offering a discount compare to credit card or check on goods and services where I would have bought anyway.


Title: Re: Are You Spending Bitcoin?
Post by: CozyLife on August 24, 2014, 10:11:06 PM
I spend it when I need to, but I try to hodl as much as I can. It's a much better payment method than other things, but if I need to pay in fiat, I have to wait around for a few days while I have it sent to my bank account to transact in less efficient ways.


Title: Re: Are You Spending Bitcoin?
Post by: X7 on August 24, 2014, 10:12:48 PM
Hodl  :D


Title: Re: Are You Spending Bitcoin?
Post by: Hobbes2 on August 27, 2014, 03:17:04 AM
I'm not really spending much BTC. At the moment I am holding bitcoins but I would not ever rule out the chance of spending bitcoins and keeping some in storage when the time came. So far I have not felt the need to want to use bitcoin but sooner or later that time will come when more companies start accepting. I am adding more here and there. I did just spend some recently on a new Trezor, but I immediately put that amount of BTC back into one of my wallets. I would have bought it with credit card or debit card if they would have accepted it. It was actually the first time that I have actually spent BTC. I was pleasantly surprised with how easy it was.


Title: Re: Are You Spending Bitcoin?
Post by: bornil267645 on August 27, 2014, 03:26:35 AM
At the moment, No. 8) 8)


Title: Re: Are You Spending Bitcoin?
Post by: bajlox on August 27, 2014, 06:02:49 AM
Quote
Are You Spending Bitcoin?

Answer yes.

Every month or two i spend some on ordering something from online shop


Title: Re: Are You Spending Bitcoin?
Post by: TheNewAnon135246 on August 27, 2014, 06:12:34 AM
I've bought loads of things with bitcoin:

- PS4
- Nintendo Wii U
- Casascius Coins
- Sony Cybershot DSC-HX300
- Silver coins and bars

And more smaller purchases.


Title: Re: Are You Spending Bitcoin?
Post by: bigasic on August 27, 2014, 06:17:53 AM
Every chance I get. I used expedia to get my hotel reservations. purchased a few items from the net. If you are worried about spending your coin and your a hodler, just use coinbase to replenish the coins you spend, it only costs you 1 percent and then you make sure that you dont go down in your holdings. I believe they have new feature that does this automatically. but itss not hard to do it manually..

if we dont use bitcoin, then merchants wont take it and that wont help bitcoin one bit.. we all need to spend it when we can. Just rebuy it if you want. or don't...


Title: Re: Are You Spending Bitcoin?
Post by: BitCoinNutJob on August 27, 2014, 06:21:48 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

They also have the option to hold certain % of btc with services like coinbase, at some point they will be able to purchase from suppliers etc in BTC. 

I spend little bits nothing major.


Title: Re: Are You Spending Bitcoin?
Post by: PowerCordZ on August 27, 2014, 08:23:36 AM
I spend it 2 times. Once for cpu mining and another time I bought a fiverr gig.


Title: Re: Are You Spending Bitcoin?
Post by: Mars not Moon on August 27, 2014, 10:06:29 AM
I spend bitcoins only during currency exchange , other than that I keep it stored and safe. Not an issue for me.


Title: Re: Are You Spending Bitcoin?
Post by: pajrinn on August 27, 2014, 10:08:10 AM
probably yes  ;D
it's good for the future  :)


Title: Re: Are You Spending Bitcoin?
Post by: soccosocco on August 27, 2014, 01:01:58 PM
Are You Spending Bitcoin?
Yes of course I spend my Bitcoin
I used to buy the original game and some of the goods
and I save some for trading coin and others


Title: Re: Are You Spending Bitcoin?
Post by: rz20 on August 27, 2014, 01:04:55 PM
I spend bitcoin almost for anything I can online. I have purchased a laptop, some tshirt, jeans, I have booked some flights using destinia, I have purchased a lot of steam games...


Title: Re: Are You Spending Bitcoin?
Post by: Game Sir on August 27, 2014, 01:05:30 PM
Why i can not reply?


Title: !
Post by: tsoPANos on August 27, 2014, 01:11:20 PM
Of course I am.
Actually I have bought many games with .
It's so convenient.


Title: Re: Are You Spending Bitcoin?
Post by: btchaste on August 27, 2014, 01:15:50 PM
I have purchased a mobile phone with bitcoins when they were valued double than now.


Title: Re: Are You Spending Bitcoin?
Post by: izanagi narukami on August 27, 2014, 02:27:13 PM
Of course i spend it , as long bitcoin still has a valuable value.
I spend my bitcoin for pay college and for my primary need (pay rent, buy food,etc)

If i hold it, i'm afraid that i'm going to loss. :(



Title: Re: Are You Spending Bitcoin?
Post by: Ringumbau on August 27, 2014, 02:28:57 PM
No, I havent got enough like most people, to buy with btc


Title: Re: Are You Spending Bitcoin?
Post by: Ayers on August 27, 2014, 02:38:01 PM
yeah but only a small amount for gaming or somethin else with a low price, the rest are for when btc will be mainstream


Title: Re: Are You Spending Bitcoin?
Post by: pajrinn on August 27, 2014, 04:37:29 PM
Are You Spending Bitcoin?
Yes of course I spend my Bitcoin
I used to buy the original game and some of the goods
and I save some for trading coin and others
Original game ? Nice idea  :)
I'll do it too wkwk ;D


Title: Re: Are You Spending Bitcoin?
Post by: BitcoinZombie on August 27, 2014, 04:56:47 PM
I have bought a notebook result of bitcoin  ;D
and will buy a camera soon, wish me luckk haha


Title: Re: Are You Spending Bitcoin?
Post by: bitcoinstarter on August 27, 2014, 05:09:30 PM
I buy everything in Bitcoin :)


Title: Re: Are You Spending Bitcoin?
Post by: Ron~Popeil on August 27, 2014, 05:27:09 PM
I have used it with expedia and am switching to dish network. I am working on getting my wholesalers to take it but my volume isn't enough to get their interest just yet.


Title: Re: Are You Spending Bitcoin?
Post by: counter on August 27, 2014, 09:00:36 PM
I try to hold, also trading for more coins I like and for more Bitcoin is my overall goal.  I also spend on a potential investment opportunity I find on the forums any way to flip my coins for more with low risk is nice.  ;)

I really think that spending Bitcoin gives merchants more incentive to accept Bitcoin.  I think the potential lower price is very much worth the acceptance of Bitcoin.  It bothers me that people are complaining about the adoption of Bitcoin and see the short term value of the coin go down.  We need to be able to see the big picture and to me that is mass adoption.

If anything see it as a buying opportunity for strong hands.  The holders and people that understand how to use Bitcoin and realize what it win the end game!


Title: Re: Are You Spending Bitcoin?
Post by: g29wheel on August 27, 2014, 09:14:35 PM
I have bought some mining hardware outsite this forum, all went smooth and fast.


Title: Re: Are You Spending Bitcoin?
Post by: silversmith on August 27, 2014, 09:17:05 PM
I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.


Title: Re: Are You Spending Bitcoin?
Post by: blablaace on August 31, 2014, 06:25:57 PM
and how many did you buy so far?  :D


Title: Re: Are You Spending Bitcoin?
Post by: juansamsel on September 01, 2014, 09:33:10 AM
No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me...  ???


Title: Re: Are You Spending Bitcoin?
Post by: Barnabe on September 01, 2014, 09:39:27 AM
I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
By using Bitcoin in online shopping for instance, you'll increase their potential value.
Try using them as much as you can.


Title: Re: Are You Spending Bitcoin?
Post by: pajrinn on September 01, 2014, 02:03:35 PM
No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me...  ???
learn about bitcoins bro,collect the coin and spend the coin haha ;D


Title: Re: Are You Spending Bitcoin?
Post by: pandalion98 on September 01, 2014, 02:09:47 PM
Do I spend?

Yes. It's meant to be spent sooner or later. It's a currency.


Title: Re: Are You Spending Bitcoin?
Post by: JJB on September 01, 2014, 02:10:50 PM
I've not spent any yet because I don't have many, but I plan to save them for a couple of years and see where they're at then.

I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.

Wow, you are optimistic and thinking far ahead.


Title: Re: Are You Spending Bitcoin?
Post by: EndlessStory on September 01, 2014, 03:46:53 PM
Most of the time I hoard bitcoins and spend them when the prices rise.

I will wait for long.


Title: Re: Are You Spending Bitcoin?
Post by: redsn0w on September 01, 2014, 03:48:41 PM
At the moment I spend as little as possible , and keep my btc in a  cold wallet  .


Title: Re: Are You Spending Bitcoin?
Post by: X7 on September 01, 2014, 07:25:02 PM
http://spartanshold.com/spartans_hold_btc.jpg


Title: Re: Are You Spending Bitcoin?
Post by: Bobblehead Pete on September 02, 2014, 07:32:29 AM
Is gambling considered as spending bitcoin? Well yes I do then.  ;D


Title: Re: Are You Spending Bitcoin?
Post by: suryc on September 02, 2014, 07:38:10 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)

Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.

I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.


Title: Re: Are You Spending Bitcoin?
Post by: Fabrizio89 on September 02, 2014, 07:45:14 AM
Of course, I spend them when I feel a bear phase is coming though, so I can buy them again later.


Title: Re: Are You Spending Bitcoin?
Post by: KuromaYoichi on September 02, 2014, 07:47:08 AM
i always use it to buy humble bundle


Title: Re: Are You Spending Bitcoin?
Post by: Timetwister on September 02, 2014, 01:43:59 PM
It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What's wrong with that? Money just changes hands, from the customer to another one that buys them from the store. Even if it was destroyed, it would just make the rest of the supply more valuable. Being able to use bitcoins in as many places as possible, and as easy as possible, is what makes it valuable. If everyone just kept their coins, its purchasing power would plummet.


Title: Re: Are You Spending Bitcoin?
Post by: X7 on September 02, 2014, 02:22:52 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)

Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.

I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.

Though you state some good points, I would have to disagree on it NOT being a long term store of value.


Title: Re: Are You Spending Bitcoin?
Post by: clickhero on September 02, 2014, 02:27:04 PM
I haven't spent my bitcoins but I plan to buy something with them the next year.


Title: Re: Are You Spending Bitcoin?
Post by: tocoolforschool on September 02, 2014, 02:33:20 PM
I just bought 3 BTC from some one via IRC and I intend to buy sold gold and a cassacius coin. I can't spell it haha. I have been on a bitcoin break for a few months but I am back and want a coin!


Title: Re: Are You Spending Bitcoin?
Post by: BitcoinBadger on September 02, 2014, 02:57:13 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?
People are more likely to hold and collect bitcoin rather than spending into shopping


Title: Re: Are You Spending Bitcoin?
Post by: Skrillex on September 02, 2014, 05:17:20 PM
People will spend their Bitcoin when it goes higher, so you don't feel like you are wasting money. We need whales to help us with this.


Title: Re: Are You Spending Bitcoin?
Post by: keithers on September 02, 2014, 05:55:01 PM
The last BTC that I spent was to purchase a Trezor bitcoin wallet.   I think I am going to purchase another one shortly.   If something happens to my current one, I don't want to have to order one then, and then wait a few weeks and all that...

I know I can load it into wallet32 or whatever, but I would rather just reboot onto another Trezor


Title: Re: Are You Spending Bitcoin?
Post by: Winner on September 02, 2014, 11:19:17 PM
spent over 80+ btc on altcoins -_-


Title: Re: Are You Spending Bitcoin?
Post by: QuestionAuthority on September 02, 2014, 11:28:17 PM
I'm not really spending them anymore. I spent a lot of them monthly when I was mining Bitcoin. I paid as many of the mining bills as I could using Bitcoin. I even bought box fans to blow on the mining rigs using an Amazon gift card from SpendBitcoins. Now that I don't mine anymore I hold them. I know I should spend them and replace the ones used but that's too much of a hassle and I'm lazy.


Title: Re: Are You Spending Bitcoin?
Post by: Bit_Play on September 02, 2014, 11:29:46 PM
Yes paying webhosting services :)


Title: Re: Are You Spending Bitcoin?
Post by: virtfund on September 03, 2014, 12:15:32 AM
It will be bad for the price of Bitcoin, but it's important that people spend anyways. This is what will continue to get businesses to accept it and make people want to keep working on it.


Title: Re: Are You Spending Bitcoin?
Post by: dankkk on September 03, 2014, 02:06:18 AM
I'm not really spending them anymore. I spent a lot of them monthly when I was mining Bitcoin. I paid as many of the mining bills as I could using Bitcoin. I even bought box fans to blow on the mining rigs using an Amazon gift card from SpendBitcoins. Now that I don't mine anymore I hold them. I know I should spend them and replace the ones used but that's too much of a hassle and I'm lazy.
Coinbase has a feature that is called something along the lines of spend and recharge. It allows you to buy something with bitcoin in your coinbase account from a merchant that accepts bitcoin then coinbase will purchase an equal amount of bitcoin for you (debiting your bank account) so you end up with the same amount of bitcoin.

I think this is actually quite smart on their end because they would be making two fees, one from you repurchasing the bitcoin from them and one from the merchant.


Title: Re: Are You Spending Bitcoin?
Post by: chassis on September 03, 2014, 02:08:14 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

it is definitely good for the price, i mean it will affect other people' s opinion towards BTC, and push the government to accept it further,
meanwhile it will promote the popularity of BTC, which is quite good for raising the price of BTC.


Title: Re: Are You Spending Bitcoin?
Post by: QuestionAuthority on September 03, 2014, 03:25:11 AM
I'm not really spending them anymore. I spent a lot of them monthly when I was mining Bitcoin. I paid as many of the mining bills as I could using Bitcoin. I even bought box fans to blow on the mining rigs using an Amazon gift card from SpendBitcoins. Now that I don't mine anymore I hold them. I know I should spend them and replace the ones used but that's too much of a hassle and I'm lazy.
Coinbase has a feature that is called something along the lines of spend and recharge. It allows you to buy something with bitcoin in your coinbase account from a merchant that accepts bitcoin then coinbase will purchase an equal amount of bitcoin for you (debiting your bank account) so you end up with the same amount of bitcoin.

I think this is actually quite smart on their end because they would be making two fees, one from you repurchasing the bitcoin from them and one from the merchant.

Yeah, that whole "debiting your bank account" isn't working for me. I don't trust companies that have been around for 40 years to automatically debit my account. I'm certainly not going to trust two kids that have been running a Bitcoin business out of an apartment in San Francisco for a year and a half.


Title: Re: Are You Spending Bitcoin?
Post by: Snorek on September 03, 2014, 03:35:13 AM
I am spending bitcoin. I try to use bitcoin as traditional currency. It is the way it suppose to be in my opinion. Not stacking it and waiting for higher price...


Title: Re: Are You Spending Bitcoin?
Post by: ClownHunter on September 03, 2014, 03:39:57 AM
spent over 80+ btc on altcoins -_-
I don't think this so much counts as spending your bitcoin, but is rather speculating that the price of a scamcoin will increase.


Title: Re: Are You Spending Bitcoin?
Post by: Snorek on September 03, 2014, 03:43:52 AM
spent over 80+ btc on altcoins -_-
I don't think this so much counts as spending your bitcoin, but is rather speculating that the price of a scamcoin will increase.

I feel the same way. But if you are certain that your ability to speculate with alt coin is great you can earn. But most of the time I see massive loss only...


Title: Re: Are You Spending Bitcoin?
Post by: Nawaytes on September 03, 2014, 03:46:13 AM
I've invested some business with bitcoin :D and take profit from it ,
what it can call spending bitcoin :D


Title: Re: Are You Spending Bitcoin?
Post by: Winner on September 03, 2014, 03:56:33 AM
spent over 80+ btc on altcoins -_-
I don't think this so much counts as spending your bitcoin, but is rather speculating that the price of a scamcoin will increase.

I feel the same way. But if you are certain that your ability to speculate with alt coin is great you can earn. But most of the time I see massive loss only...

I should've said I lost 80+ btc on altcoins lollll

so far bought nothing with my remaining btc


Title: Re: Are You Spending Bitcoin?
Post by: tzortz on September 03, 2014, 04:09:04 AM
I believe most keep them until it goes high to the sky.


Title: Re: Are You Spending Bitcoin?
Post by: keithers on September 03, 2014, 04:16:36 AM
Are any of you spending BTC on subscription based services?   If so, do you need to manually pay each month, or does it automatically re-calculate the amount of BTC that is due each month (depending on current prices)?


Title: Re: Are You Spending Bitcoin?
Post by: Timetwister on September 03, 2014, 08:22:26 AM
It will be bad for the price of Bitcoin, but it's important that people spend anyways. This is what will continue to get businesses to accept it and make people want to keep working on it.

Why is it bad? Spending them is good for its purchasing power, as more people realize that it's useful.


Title: Re: Are You Spending Bitcoin?
Post by: MaryKris on September 05, 2014, 05:47:55 AM
yes.. spending it with services and some sort of stuff. What is your first thought if you are not spending your bitcoin..


Title: Re: Are You Spending Bitcoin?
Post by: JazzCouncil on September 05, 2014, 06:37:31 AM
I spent some BTC on services, and still holding the rest... Oh wait, i also bought altcoins.
When i see some cool company starting to accept bitcoin i will buy stuff from them with great pleasure.


Title: Re: Are You Spending Bitcoin?
Post by: David1978 on September 05, 2014, 07:29:26 AM
I spend and then replace them. Then spend again :D


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 05, 2014, 07:45:53 AM
The important thing is for the bitcoins not only to be spent but actually invested into bitcoin generating companies.


Title: Re: Are You Spending Bitcoin?
Post by: Timetwister on September 05, 2014, 10:43:42 AM
The important thing is for the bitcoins not only to be spent but actually invested into bitcoin generating companies.

True, but it's quite hard to find any good company to invest. There are many risks. Even more if you use an intermediate, like Havelock Investments.


Title: Re: Are You Spending Bitcoin?
Post by: X7 on September 05, 2014, 03:37:24 PM
http://i.imgur.com/RwudQN3.png


Title: Re: Are You Spending Bitcoin?
Post by: MoonTime on September 05, 2014, 04:08:46 PM
I spend bitcoins when I have to buy something online...probably using  a PP BTc exchanger.


Title: Re: Are You Spending Bitcoin?
Post by: Fearless on September 05, 2014, 06:43:38 PM
I am spending bitcoins only for paying someone for services or simply exchanging into cash via Western union, xoom or moneypak.


Title: Re: Are You Spending Bitcoin?
Post by: altcoinlady on September 07, 2014, 11:54:08 AM
Spending, giving, gambling, betting..


Title: Re: Are You Spending Bitcoin?
Post by: panju1 on September 07, 2014, 03:15:42 PM
First have to get bitcoins and then spend them.  :)


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 07, 2014, 03:27:02 PM
Spending, giving, gambling, betting..
donating, funding, paying ...


Title: Re: Are You Spending Bitcoin?
Post by: Bitbirdhunt on September 07, 2014, 03:31:08 PM
Sadly yes but I try to use Bitcoin to make more Bitcoin in the short term.  I will admit that every time I do spend my Bitcoins on something I cringe or when I cash out for fiat that is the worst feeling!  Many times I've actually lost by not holding so yea


Title: Re: Are You Spending Bitcoin?
Post by: altcoinlady on September 08, 2014, 02:50:04 AM
Spending, giving, gambling, betting..
donating, funding, paying ...

Do you get anything when you donate? or fund?


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 08, 2014, 06:38:56 AM
Spending, giving, gambling, betting..
donating, funding, paying ...

Do you get anything when you donate? or fund?
Donating ? Mostly peace of mind.


Title: Re: Are You Spending Bitcoin?
Post by: keithers on September 08, 2014, 07:16:38 AM
Spending, giving, gambling, betting..
donating, funding, paying ...

Do you get anything when you donate? or fund?
Donating ? Mostly peace of mind.

you could probably write off the donations against your income on your tax returns.


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 08, 2014, 08:44:44 AM
Spending, giving, gambling, betting..
donating, funding, paying ...

Do you get anything when you donate? or fund?
Donating ? Mostly peace of mind.

you could probably write off the donations against your income on your tax returns.

I'm not sure what is the situation in my country , but then again why would I want to mix the government with my bitcoins.


Title: Re: Are You Spending Bitcoin?
Post by: Jerome? on September 08, 2014, 10:23:39 AM
whats the point if you dont spend it?


Title: Re: Are You Spending Bitcoin?
Post by: aleksejnovikov on September 08, 2014, 10:35:50 AM
really want to save up for something worthwhile!


Title: Re: Are You Spending Bitcoin?
Post by: mllenios on September 08, 2014, 02:36:24 PM
whats the point if you dont spend it?

Yeah, but Im going to spend it when btc willbe $1000 worth


Title: Re: Are You Spending Bitcoin?
Post by: MasterCasino on September 09, 2014, 01:06:54 PM
really want to save up for something worthwhile!

BTC price is dropping in the last 3 weeks and you are waiting for something worthwhile?


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 09, 2014, 04:18:26 PM
really want to save up for something worthwhile!

BTC price is dropping in the last 3 weeks and you are waiting for something worthwhile?

When old Morgan was asked what the stock market will do, he replied "It will fluctuate" (http://en.wikiquote.org/wiki/J._P._Morgan)


Title: Re: Are You Spending Bitcoin?
Post by: cyberpinoy on September 09, 2014, 05:59:51 PM
BTC price is dropping in the last 3 weeks and you are waiting for something worthwhile?

And quotes like this tell us why the price keeps dropping LOL along with the biweekly "Dell Dump" we have the scaredy pants get out with a loss coiners like you......

You are the people I love, Without people like you the value of bitcoins would be over 800 dollars LOL. SO thank you, thank you for getting so scared and giving us cheap BTC :)


Title: Re: Are You Spending Bitcoin?
Post by: Madness on September 09, 2014, 06:11:21 PM
I trade them for Paypal right away lol .. I never hold them or wait for anything  :-[


Title: Re: Are You Spending Bitcoin?
Post by: tzortz on September 09, 2014, 10:07:02 PM
i am only buying bitcoins.


Title: Re: Are You Spending Bitcoin?
Post by: MercyC on September 15, 2014, 07:54:59 PM
Yep, just spent some on BitcoinShop.us!


Title: Re: Are You Spending Bitcoin?
Post by: icet208 on September 15, 2014, 08:02:48 PM
i spend some btc on: domains, mining equip., diferent accounts...


Title: Re: Are You Spending Bitcoin?
Post by: keyxkey on September 15, 2014, 08:08:52 PM
I'm accumulating bitcoins, not sure where to spend them at the moment.


Title: Re: Are You Spending Bitcoin?
Post by: Kolakazki on September 18, 2014, 01:25:23 PM
Yeah, ive been spending my bitcoin


Title: Re: Are You Spending Bitcoin?
Post by: Jamie_Boulder on September 18, 2014, 01:37:18 PM
Not as much as I used to but generally yes; if gambling counted I would say everyday lol


Title: Re: Are You Spending Bitcoin?
Post by: LitcoinCollector on September 18, 2014, 01:44:33 PM
Not so much, still collecting more.


Title: Re: Are You Spending Bitcoin?
Post by: pajrinn on September 19, 2014, 04:12:07 AM
i spend some btc on: domains, mining equip., diferent accounts...
Yeah nice idea,
I'm spend for buy t-shirt , shoe :D


Title: Re: Are You Spending Bitcoin?
Post by: kamudimana on September 19, 2014, 06:32:17 AM
i spend all my bitcoin on gambling site  :P


Title: Re: Are You Spending Bitcoin?
Post by: sudahlah on September 19, 2014, 08:23:35 AM
yes i spend bitcoin in gambling site  ;D


Title: Re: Are You Spending Bitcoin?
Post by: BAIDY1 on September 19, 2014, 08:49:07 AM
I want to spend BTC, but I really don't know where to spend it except gambling!


Title: Re: Are You Spending Bitcoin?
Post by: arxwn on September 20, 2014, 05:20:18 PM
I want to spend BTC, but I really don't know where to spend it except gambling!

You dont have bitcoin accepting merchants in your area ?


Title: Re: Are You Spending Bitcoin?
Post by: redsn0w on September 20, 2014, 05:24:59 PM
At the moment I don't spend any bitcoin that I have  :-\ .


Title: Re: Are You Spending Bitcoin?
Post by: furlong on September 20, 2014, 06:06:33 PM
Why would I? i have only 0.5


Title: Re: Are You Spending Bitcoin?
Post by: mllenios on October 08, 2014, 11:48:42 AM
Yes... I am spending BTC regularly. :)


Title: Re: Are You Spending Bitcoin?
Post by: keithers on October 09, 2014, 05:38:42 PM
I still have not spent any bitcoins in a long time.   I have tried to get Restoration Hardware to accept BTC...so far have been unsuccessful.

I am also in the process of trying to get my dentist to start accepting BTC.   I am going to get veneers, so it would be cool if he accepted BTC.

Other than that, I am just staying put with what I have for the time being...riding the waves up and down.   Mainly down lately obviously...


Title: Re: Are You Spending Bitcoin?
Post by: evok3d on October 09, 2014, 05:46:48 PM
I use it where ever i can:

- Pay rent through localbitcoins
- Pay for flight if i can
- Change for cash if fiat is not around
- Use it instead of fiat in cases where fiat is not very efficient or as easy (which happens alot)
- gain access to cash when banks are closed or to transfer to friends as cash rather than bank transfers

The more i use it the more the bitcoin ecosystem is turning :D


Title: Re: Are You Spending Bitcoin?
Post by: jeromanomic on October 31, 2014, 01:49:58 AM
Rather than taking an exchange rate hit to 'replace it as you spend it' wouldn't it make more sense to just buy it as you need it, so buy the amount you need and spend it instantly so there is less exchange rate risk and you still support the system?


Title: Re: Are You Spending Bitcoin?
Post by: spendabit on October 31, 2014, 01:54:09 AM
For those of you that do choose to spend 'coins, please let us know (https://spendabit.co/feedback) if there's any merchants/stores you'd like us to add to Spendabit (https://spendabit.co/) that we don't have yet!   :)


Title: Re: Are You Spending Bitcoin?
Post by: dashen on October 31, 2014, 03:06:26 AM
I want to spend it, but not many places for me to spend it.


Title: Re: Are You Spending Bitcoin?
Post by: hdbuck on November 01, 2014, 06:38:58 PM
you ahve to be really dumb to be spending bitcoins at this point.


Title: Re: Are You Spending Bitcoin?
Post by: segvec on November 01, 2014, 06:41:30 PM
you ahve to be really dumb to be spending bitcoins at this point.

I second this.
HOLD all coins...unless you buy at current rate and use at current rate. (defeats the purpose though)


Title: Re: Are You Spending Bitcoin?
Post by: LeMiner on November 01, 2014, 06:42:44 PM
Just ate a delicious pizza paid for with bitcoin :)


Title: Re: Are You Spending Bitcoin?
Post by: moko666 on November 01, 2014, 06:49:41 PM
i have spend my coins when price was fair but at this price i m holding my coins and won't sell them at cheaper price
bitcoin is precious ,hold it


Title: Re: Are You Spending Bitcoin?
Post by: segvec on November 01, 2014, 06:51:08 PM
i have spend my coins when price was fair but at this price i m holding my coins and won't sell them at cheaper price
bitcoin is precious ,hold it

At least some people understand how investing/coin works.


Title: Re: Are You Spending Bitcoin?
Post by: Biitcoin on November 01, 2014, 06:56:54 PM
Well no , Not at the moment , I'am not spending anything , and I don't have that much to spend anyways . but I will start spending if I see that bitcoin isn't rising at all  :'( I know it's a long term investement but it's just stuck at ~300-380$.


Title: Re: Are You Spending Bitcoin?
Post by: Piston Honda on November 02, 2014, 03:50:16 AM
When I first got into things, I thought I'd be spending them left and right.  Didn't happen lol...and still holding most, trading when I can/see fit.


Title: Re: Are You Spending Bitcoin?
Post by: Zhan21 on November 02, 2014, 04:18:51 AM
I spent over two times, one time investment, another is shopping. Now I just hold.


Title: Re: Are You Spending Bitcoin?
Post by: kissxrl on November 02, 2014, 07:13:59 AM
I used bitcoin purchased ASIC :-[


Title: Re: Are You Spending Bitcoin?
Post by: bitcoinaliens on November 02, 2014, 07:24:38 AM
Im transacting daily in bitcoin, not just "spending without rebuying" but I'm running a small business and paying and receiving almost 80% of all funds in and out in bitcoin - around $50-100 a day approx (0.1+ per day). Really pleased, its really possible to do business in bitcoin , and I'm not just doing it cos I'm a bitcoin fanboy and trying to only do business in bitcoin, its actually just easier, instant (especially to buy and sell advertising) - loving it!


Title: Re: Are You Spending Bitcoin?
Post by: Nerazzura on November 02, 2014, 07:32:58 AM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?
yes, I've often perform transactions to purchase goods with bitcoin. but not to a company. only fellow users of bitcoin, and it's been a lot here. it would be better if we spend for bitcoin bitcoin to use the goods / services at a company great. it will certainly increase the popularity of bitcoin


Title: Re: Are You Spending Bitcoin?
Post by: bitcoinaliens on November 02, 2014, 08:09:20 AM
Yeh imo right now shopping is bad for the bitcoin price, dell , expedia etc, theyre obviously just selling off immediately - they need to, they run a business, and that isnt to speculate on bitcoin price - but while its bad in the short term, its essential and will lead to further adoption and eventually to price increasing due to mainstream adoption and mass usage... imo... or at least, I think its the only way to one day get to mainstream adoption


Title: Re: Are You Spending Bitcoin?
Post by: nor9865 on November 02, 2014, 11:27:24 AM
I have bought from overstock around 6 months ago, nothing since then. Bitcoin black friday was fun too.


Title: Re: Are You Spending Bitcoin?
Post by: Chavez on November 02, 2014, 11:30:16 AM
I'd really love to spend some of my coins on things I want, but I just can't bring myself to spend them at such low price. Everytime I almost persuade myself to spend them the price seems to have fallen lower and lower. Feel like I'd just be losing money spoending them now.


Title: Re: Are You Spending Bitcoin?
Post by: zoukenn on November 02, 2014, 11:32:23 AM
Sometime I spend bitcoin, in particular when there is some sale for people which use it (good way to promote bitcoin). Anyway, I don't want spend so much bitcoin because I think that (especially now) it isn't a good thing to spend, considering that price is low..


Title: Re: Are You Spending Bitcoin?
Post by: nor9865 on November 02, 2014, 11:41:56 AM
I'd really love to spend some of my coins on things I want, but I just can't bring myself to spend them at such low price. Everytime I almost persuade myself to spend them the price seems to have fallen lower and lower. Feel like I'd just be losing money spoending them now.

You'd only be losing money if the price for 1 bitcoin rose from the time you spent it. Currently that isn't a problem!

You can always buy back the bitcoin you spent with 10% more, so that your bitcoin holdings are ever increasing or steady.


Title: Re: Are You Spending Bitcoin?
Post by: nor9865 on November 02, 2014, 11:42:14 AM
Sometime I spend bitcoin, in particular when there is some sale for people which use it (good way to promote bitcoin). Anyway, I don't want spend so much bitcoin because I think that (especially now) it isn't a good thing to spend, considering that price is low..

Refer to the post I just made above!


Title: Re: Are You Spending Bitcoin?
Post by: Daniel91 on November 02, 2014, 12:03:09 PM
I have no choice but to spend bitcoin I earn, in order to cover my daily expenses.
Bitcoin is still unstable, and I can't wait that bitcoin became more stable or raise in value.
I need money now.


Title: Re: Are You Spending Bitcoin?
Post by: Pingu on November 02, 2014, 12:24:14 PM
I have no choice but to spend bitcoin I earn, in order to cover my daily expenses.
Bitcoin is still unstable, and I can't wait that bitcoin became more stable or raise in value.
I need money now.


Do you get paid a wage in bitcoin? The price fluctuation is definitely a problem when it comes to being used as a currency. Wouldn't be too bad if it kept rising though  ;D.


Title: Re: Are You Spending Bitcoin?
Post by: waser12 on November 02, 2014, 06:49:27 PM
Getting bitcoins then spending bitcoins, that is good!


Title: Re: Are You Spending Bitcoin?
Post by: Some1else0 on November 02, 2014, 08:51:19 PM
I hold most of my Bitcoins but I do give out coins on reddit via Changetip to raise awareness and get people interested.


Title: Re: Are You Spending Bitcoin?
Post by: kimosan on November 02, 2014, 11:06:08 PM
Are You Spending Bitcoin?

All the time.


Title: Re: Are You Spending Bitcoin?
Post by: WTF-OMG-GUY on November 02, 2014, 11:22:50 PM
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

I always plan to spend some but I never do. :(


Title: Re: Are You Spending Bitcoin?
Post by: jeromanomic on November 03, 2014, 01:31:03 AM
I would spend more if there were more ways to spend it.... I think that is the problem at the moment.


I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

I always plan to spend some but I never do. :(


Title: Re: Are You Spending Bitcoin?
Post by: Manfred Macx on November 03, 2014, 08:16:51 AM
I would spend more if there were more ways to spend it.... I think that is the problem at the moment.

You mean besides gambling, buying almost anything you want (http://www.bspend.com/) and tipping (http://www.reddit.com/r/Bitcoin/comments/2l3pl5/changetip_is_the_key_to_adoption_now_usable_on/)?


Title: Re: Are You Spending Bitcoin?
Post by: Q7 on November 03, 2014, 12:21:04 PM
Not at the moment. I'm hoarding the coin


Title: Re: Are You Spending Bitcoin?
Post by: redsn0w on November 03, 2014, 12:28:06 PM
Yes ! I've purchased one ravenbit node physical coin  , here my post and some photos :

https://bitcointalk.org/index.php?topic=820645.msg9422007#msg9422007


Title: Re: Are You Spending Bitcoin?
Post by: lightningmccoin on November 03, 2014, 12:49:27 PM
Yes.. I currently play bitcoin dice and lotto game but I am having a hard time playing it.


Title: Re: Are You Spending Bitcoin?
Post by: Gervais on November 03, 2014, 12:50:13 PM
No, I'm not at the moment. I'd be losing  money if I was to spend it at the current price. I plan to start spending in the future if/when it recovers, though.

I would spend more if there were more ways to spend it.... I think that is the problem at the moment.

You mean besides gambling, buying almost anything you want (http://www.bspend.com/) and tipping (http://www.reddit.com/r/Bitcoin/comments/2l3pl5/changetip_is_the_key_to_adoption_now_usable_on/)?

It's not the same as spending it directly, though it's a start.


Title: Re: Are You Spending Bitcoin?
Post by: _chance_ on November 03, 2014, 12:58:40 PM
Are You Spending Bitcoin?

Yes, as it comes.


Title: Re: Are You Spending Bitcoin?
Post by: Ludi on November 03, 2014, 01:05:16 PM
I'm a hoarder and have no shame in that. I think bitcoin has the potential to be far bigger than it is now so I'm holding on for the price rise to reflect this in the future. I'd spend my coins then but only then.

Are You Spending Bitcoin?

Yes, as it comes.

That's what she said  ;D.