Bitcoin Forum

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?

    
Are You Spending Bitcoin?


Yes.

Some people spend, some hodl. What does it matter if they sell it? The money goes back into the system and round and round.

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)

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.

Yes absolutely
I hold 50%, spend the rest and trade stuff to replenish

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.

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!

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.

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.

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.

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 :)

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


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

I can't wait for the day where I'll be able to pay with Bitcoin for my utility bills and grocery bills.

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 :)

I've spent a tiny bit and gambled a little bit, but I'd rather save it for a little while as an investment.

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)

I've spent way more than I should of.

If you only hold your coins that real bad imo.

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.

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!

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

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.

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!

Now i am trying to earn some Bitcoin. If i can able to earn some Bitcoin then i will think about spending it.

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.

I actually have no bitcoins yet but after getting one i won't spend it.

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.

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.

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..

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.

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. 

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.

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.

no.

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

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. :/

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.

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%.

Hope one day I could mortgage it and get a loan to spend

It all goes back into rotation of bit coins i wouldn't worry.

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 spend them all the time, I prefer using Bitcoin over a credit or debit card.

I always spend/donate some bitcoin.

Beginning from q1 2014 it became my main payment solution.

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.

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.

Spend Bitcoin at every opportunity you get and replace it immediately. That helps to get it into the system and gives it more value.
 :)

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

Where usually do you spend btc? On which resources?

i dont know why people compalin about spending btc on food etc..

btc circle..just like real money

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

If i can i will use them 100%

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

Spending bitcoins for altcoins, they may be the biggest BTC merchants.

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.

I bought a dell not long ago when they accepted it!! Yay

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

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.

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.

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.

Where better to spend your bitcoins than private drug marketplaces?   :D

http://agorahooawayyfoe.onion/register/BFCZM97K1S

Yes, I spend bitcoins to buy stuff.

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.

No BTC to spend yet.  ;D

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.

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..   >:(

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

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 ...

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.

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.

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..

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

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.

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.

Hodl  :D

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.

At the moment, No. 8) 8)

Answer yes.

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

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.

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...

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.

I spend it 2 times. Once for cpu mining and another time I bought a fiverr gig.

I spend bitcoins only during currency exchange , other than that I keep it stored and safe. Not an issue for me.

probably yes  ;D
it's good for the future  :)

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

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...

Why i can not reply?

Of course I am.
Actually I have bought many games with .
It's so convenient.

I have purchased a mobile phone with bitcoins when they were valued double than now.

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. :(

No, I havent got enough like most people, to buy with btc

yeah but only a small amount for gaming or somethin else with a low price, the rest are for when btc will be mainstream

Original game ? Nice idea  :)
I'll do it too wkwk ;D

I have bought a notebook result of bitcoin  ;D
and will buy a camera soon, wish me luckk haha

I buy everything in Bitcoin :)

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.

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!

I have bought some mining hardware outsite this forum, all went smooth and fast.

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.

and how many did you buy so far?  :D

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...  ???

By using Bitcoin in online shopping for instance, you'll increase their potential value.
Try using them as much as you can.

learn about bitcoins bro,collect the coin and spend the coin haha ;D

Do I spend?

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

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.


Wow, you are optimistic and thinking far ahead.

Most of the time I hoard bitcoins and spend them when the prices rise.

I will wait for long.

At the moment I spend as little as possible , and keep my btc in a  cold wallet  .

Is gambling considered as spending bitcoin? Well yes I do then.  ;D

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.

Of course, I spend them when I feel a bear phase is coming though, so I can buy them again later.

i always use it to buy humble bundle

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.

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

I haven't spent my bitcoins but I plan to buy something with them the next year.

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!

People are more likely to hold and collect bitcoin rather than spending into shopping

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.

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

spent over 80+ btc on altcoins -_-

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.

Yes paying webhosting services :)

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.

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.

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.

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.

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...

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've invested some business with bitcoin :D and take profit from it ,
what it can call spending bitcoin :D

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

so far bought nothing with my remaining btc

I believe most keep them until it goes high to the sky.

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)?

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

yes.. spending it with services and some sort of stuff. What is your first thought if you are not spending your bitcoin..

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.

I spend and then replace them. Then spend again :D

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.

I spend bitcoins when I have to buy something online...probably using  a PP BTc exchanger.

I am spending bitcoins only for paying someone for services or simply exchanging into cash via Western union, xoom or moneypak.

Spending, giving, gambling, betting..

First have to get bitcoins and then spend them.  :)

donating, funding, paying ...

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

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.

whats the point if you dont spend it?

really want to save up for something worthwhile!

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

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)

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 :)

I trade them for Paypal right away lol .. I never hold them or wait for anything  :-[

i am only buying bitcoins.

Yep, just spent some on BitcoinShop.us!

i spend some btc on: domains, mining equip., diferent accounts...

I'm accumulating bitcoins, not sure where to spend them at the moment.

Yeah, ive been spending my bitcoin

Not as much as I used to but generally yes; if gambling counted I would say everyday lol

Not so much, still collecting more.

Yeah nice idea,
I'm spend for buy t-shirt , shoe :D

i spend all my bitcoin on gambling site  :P

yes i spend bitcoin in gambling site  ;D

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 ?

At the moment I don't spend any bitcoin that I have  :-\ .

Why would I? i have only 0.5

Yes... I am spending BTC regularly. :)

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...

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

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?

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!   :)

I want to spend it, but not many places for me to spend it.

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)

Just ate a delicious pizza paid for with bitcoin :)

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.

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$.

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.

I spent over two times, one time investment, another is shopping. Now I just hold.

I used bitcoin purchased ASIC :-[

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!

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

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

I have bought from overstock around 6 months ago, nothing since then. Bitcoin black friday was fun too.

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.

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..

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.

Refer to the post I just made above!

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.

Getting bitcoins then spending bitcoins, that is good!

I hold most of my Bitcoins but I do give out coins on reddit via Changetip to raise awareness and get people interested.

Are You Spending Bitcoin?

All the time.

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

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/)?

Not at the moment. I'm hoarding the coin

Yes ! I've purchased one ravenbit node physical coin  , here my post and some photos :

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

Yes.. I currently play bitcoin dice and lotto game but I am having a hard time playing it.

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.


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

Are You Spending Bitcoin?

Yes, as it comes.

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.


That's what she said  ;D.