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Title: Who actually spend bitcoins ? and for what ? Post by: californiaquail on August 29, 2014, 12:14:38 AM I read a lot here and there about Crypto as currencies, bitcoin as currency and how it might change the way people do business etc... I see a lot of great innovations recently like nxt, qtl, stealth coins and so on...
But i have the feeling people are holding to their coins, or trading them in hope for profit, and dont actually consider buying anything with it, not to mention it's really hard to get some coins today. No one wants to be the guy who spent $1 000 000 on a slice of pizza. How do you think bitcoin & cryptos will bring value to traditional /e-commerce, how can it grow mainstream if evryone holds in hope for the 100000$ bitcoin ? What do you think people would be ready to risk spending their bitcoins for ? Title: Re: Who actually spend bitcoins ? and for what ? Post by: medicine on August 29, 2014, 12:20:52 AM I for one try to spend my bitcoins as frequently as possible. I can just buy more when I need them. After my first experience booking a hotel with Expedia I don't ever want to use my Visa again. It was so easy. Granted it isn't easy to spend bitcoins day to day, but I try to seek out bitcoin accepting businesses when possible. Maybe I am a minority.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: umaOuma on August 29, 2014, 12:21:43 AM What do you think people would be ready to risk spending their bitcoins for ? Hey, you can rebuy Bitcoins anytime. For some goods, like ASIC miners, you can only buy with Bitcoins :) Title: Re: Who actually spend bitcoins ? and for what ? Post by: DannyHamilton on August 29, 2014, 04:01:16 AM I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin. I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas). Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it. Title: Re: Who actually spend bitcoins ? and for what ? Post by: bigasic on August 29, 2014, 04:05:23 AM I use it to rent my hotel room with expedia.. THere are tons of ways to use bitcoin now. and its easy to replace them too.... I have probably spent 3k in services this summer, before that the only company that got my coins was BFL and we all know how that went, lol...
We have to get into the spending bitcoin mindset too, if we dont, we wont create an economy. Its still okay to hoard, just replace your coin as soon as you spend it, like thru coinbase, they have a way to do it automatically.. Title: Re: Who actually spend bitcoins ? and for what ? Post by: bornil267645 on August 29, 2014, 04:18:48 AM I was banned from this forum and I used bitcoin to remove that ban :P :P
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Ron~Popeil on August 29, 2014, 04:18:53 AM I have sold coffee beans to several people for bit coin after only being open for business a few days. I use it for hotels through expedia and buy things from Overstock. If you are worried about using up your stash you can buy an equivalent amount back for your purchases so you can support the growing economy and maintain your wallet.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: oceans on August 30, 2014, 02:52:47 PM With so many ways now to be able to purchase goods using bitcoins I do see more and more people using bitcoins over their current currency to make purchases. For those that wish to hold on to their bitcoins I say that is their choice, who knows maybe it will pay off for them. I tend to hold some bitcoins and have some that I spend freely when I see something I wish to purchase.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: CreamyPie on August 30, 2014, 05:31:52 PM People mostly spend bitcoins to buy virtual items or better get rid of Paypal chargebacks
Just my 2 cents. Title: Re: Who actually spend bitcoins ? and for what ? Post by: sana8410 on August 30, 2014, 05:45:22 PM Yeah I use it mostly for digital right now, Like I get xbox live and other types of codes and makes it much easier for me to obtain them without showing my Identification.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: LiteCoinGuy on August 30, 2014, 05:47:51 PM bought shirts, cups, pizza and software. it is a pleasure.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Buo on August 30, 2014, 05:49:38 PM I'm not spending much of the btc I have because they will grow in value but I have bought many little things with them (keys etc).
Title: Re: Who actually spend bitcoins ? and for what ? Post by: romerun on August 30, 2014, 05:50:39 PM I do, all my money is in btc now, ran out of cash 6 months ago
Title: Re: Who actually spend bitcoins ? and for what ? Post by: redsn0w on August 30, 2014, 05:51:12 PM At the moment I spend btc for buy some electronic products , like ( pc, console, etc ...) . But in future I'd like to use them to buy everything :) .
Title: Re: Who actually spend bitcoins ? and for what ? Post by: ensurance982 on August 30, 2014, 05:52:29 PM Well, why not spend Bitcoin??? It's a great means of paying for things without actually registering or using your Credit Card. It really is like electronic cash. If you buy something with cash, you don't need to register, provide personal information or anything... That's what Bitcoin offers you!
Title: Re: Who actually spend bitcoins ? and for what ? Post by: itsAj on August 30, 2014, 06:11:56 PM I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin. I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas). Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it. Title: Re: Who actually spend bitcoins ? and for what ? Post by: minerpumpkin on August 30, 2014, 06:25:44 PM I already spent some Bitcoin, of course! I bought some ASICMiner USB Miners with them back in 2013 of course. It was mainly to become familiar with mining and have some hands-on experience. Of course I didn't make a fortune with them, though :D
Title: Re: Who actually spend bitcoins ? and for what ? Post by: BurtW on August 30, 2014, 06:42:30 PM Just bought my latest computer directly from www.dell.com for 5.86727188 BTC!
Specs: Code: Dell Precision M6800 BTX Base Friday, September 05, 2014 Title: Re: Who actually spend bitcoins ? and for what ? Post by: umair127 on August 30, 2014, 06:50:01 PM Just bought my latest computer directly from www.dell.com for 5.86727188 BTC! Specs: Code: Dell Precision M6800 BTX Base Friday, September 05, 2014 What a nice order, I had made an order at newegg for some pc fan parts and video cards but thats about it, mostly use my btc for digital items and oh I pay my domain name as well with btc Title: Re: Who actually spend bitcoins ? and for what ? Post by: Timetwister on September 02, 2014, 02:26:24 PM I read a lot here and there about Crypto as currencies, bitcoin as currency and how it might change the way people do business etc... I see a lot of great innovations recently like nxt, qtl, stealth coins and so on... But i have the feeling people are holding to their coins, or trading them in hope for profit, and dont actually consider buying anything with it, not to mention it's really hard to get some coins today. No one wants to be the guy who spent $1 000 000 on a slice of pizza. How do you think bitcoin & cryptos will bring value to traditional /e-commerce, how can it grow mainstream if evryone holds in hope for the 100000$ bitcoin ? What do you think people would be ready to risk spending their bitcoins for ? You are right, Bitcoin won't become more valuable unless it's more used. Stores will start realizing that bitcoins are much better than traditional options like credit cards and start accepting them. Also, it should be easier to use them, like it's easy to use a credit or debit card. Title: Re: Who actually spend bitcoins ? and for what ? Post by: edd on September 02, 2014, 02:39:32 PM I read a lot here and there about Crypto as currencies, bitcoin as currency and how it might change the way people do business etc... I see a lot of great innovations recently like nxt, qtl, stealth coins and so on... But i have the feeling people are holding to their coins, or trading them in hope for profit, and dont actually consider buying anything with it, not to mention it's really hard to get some coins today. No one wants to be the guy who spent $1 000 000 on a slice of pizza. How do you think bitcoin & cryptos will bring value to traditional /e-commerce, how can it grow mainstream if evryone holds in hope for the 100000$ bitcoin ? What do you think people would be ready to risk spending their bitcoins for ? I've been spending (and earning) bitcoins since 2011. The most bitcoins I've spent on a single purchase was a domain name for $300 when they were about $2 each. Which means I'm already the guy who spent 150 BTC (currently worth over $71,000) for a domain name that I don't even use. I may be Bitcoin poor (relatively speaking), but I'm one of the Bitcoin economy's most active supporters. Title: Re: Who actually spend bitcoins ? and for what ? Post by: gadsdengraphics on September 02, 2014, 07:17:13 PM On a regular basis, I spend Bitcoin on domain names through Namecheap. I also often purchase gift cards to Papa John's and CVS through Gyft.com, and use those to purchase things.
Whenever I travel with my family I buy my plane tickets, book my hotel, and rent a car with Bitcoin through cheapair.com. When Bitcoin is rising in price, I tend to hedge my gains by purchasing precious metals through amagimetals.com. Title: Re: Who actually spend bitcoins ? and for what ? Post by: JerryCurlzzz on September 02, 2014, 07:39:09 PM I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin. I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas). Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it. How does Menufy work? I wasn't aware of them, so I just checked them out. I thought they would be a service like Foodler, but it seems like what they do is integrate their order/payment system on business's websites. Is there a list of Menufy restaurants somewhere? I'd like to see if there are any in my area. :) Title: Re: Who actually spend bitcoins ? and for what ? Post by: DannyHamilton on September 02, 2014, 07:45:56 PM How does Menufy work? - snip - it seems like what they do is integrate their order/payment system on business's websites. Yep. As far as I can tell, that's what they do. Here's one example in the Chicagoland area: http://papasaveriosglenellyn.com/ Is there a list of Menufy restaurants somewhere? I'd like to see if there are any in my area. :) I found my local locations with coinmap.org Title: Re: Who actually spend bitcoins ? and for what ? Post by: Winner on September 02, 2014, 11:54:22 PM I'm just spending bitcoin on altcoins for right now, I don't see any use of spending it other than that.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Velkro on September 03, 2014, 12:18:20 AM Well people pay on regular basis with bitcoin for servers, domains, computer hardware, all kind of stuff from overstock etc.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Winner on September 03, 2014, 01:24:05 AM Well people pay on regular basis with bitcoin for servers, domains, computer hardware, all kind of stuff from overstock etc. That's true, I forgot that technical things are purchased with in bitcoin :D Title: Re: Who actually spend bitcoins ? and for what ? Post by: shogdite on September 03, 2014, 01:46:12 AM Spend most of my btc on digital goods like computer games with the last few satoshis going to gambling sites. Never really been in a position to save much btc so I always end up spending it as I get it ;)
Title: Re: Who actually spend bitcoins ? and for what ? Post by: omnidoge on September 03, 2014, 06:08:33 AM Yes. Spend it for services and I gamble sometimes.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: littlefaucet on September 03, 2014, 12:09:57 PM some geeks and investors spend BTC for fun,for fashion.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: DarkHyudrA on September 03, 2014, 12:20:12 PM Well, I only traded a small portion on my BTCs for fiat, but I mosty use to buy DRM-free software and games.
And no, I don't hold a good amount of BTCs. If BTC is money, I'll use it at its purpose. I only hold a few bitcents(not even 1BTC in the day when it was only 15$, nothing compared to the ones that have more than 10BTC and yet stills to hold them. Nothing wrong to the people that hold, but the more we use, the more options we could bring to us, since they could see that accepting Bitcoin is profitable. Title: Re: Who actually spend bitcoins ? and for what ? Post by: zarton on September 03, 2014, 12:27:46 PM I used bitcoins to pay for some software keys in the market and to buy new miner hardware. I also exchanged some to buy altcoins.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: MaryKris on September 05, 2014, 10:50:02 AM Well im spending bitcoins and for services and everything for sale for btc. :)
Title: Re: Who actually spend bitcoins ? and for what ? Post by: sandykho47 on September 05, 2014, 01:24:15 PM There are lot people who actually use bitcoin, usually the use bitcoin for :
1. Gambling 2. Trading 3. Buy someting 4. Use service Actually with bitcoin, now i have 40 Original games Title: Re: Who actually spend bitcoins ? and for what ? Post by: MoonTime on September 05, 2014, 04:15:46 PM Initially I took BTC only as an investment. But later I started using it to buy online goods and services.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: RodeoX on September 05, 2014, 04:21:39 PM It is the only thing I now use to buy on the internet. If someone had a really great deal on something I need I might hold my nose and use a debit card, but mostly that is a thing of the past for me.
I don't understand how people "get" bitcoin unless they are using it. Online transactions are what bitcoins do better. I suppose some people collect cool cars and never drive them also, but what fun is that? Title: Re: Who actually spend bitcoins ? and for what ? Post by: Bonam on September 05, 2014, 05:43:12 PM I've used bitcoins a few times for real spending... bought a graphics card, bought a cam (for climbing), both transactions went smoothly.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Fearless on September 05, 2014, 06:28:56 PM I generally spend my bitcoins only to get Western union or moneygram funds. Kind of investment in my opinion. I also pay with bitcoins for virtual services like graphic work or webpage design.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Bitzkrieg on September 08, 2014, 10:36:22 AM Me.. I spend them for services. Writing articles and the likes. I have a blog about health and fitness.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: JetLi on September 08, 2014, 10:44:31 AM A huge amount of bitcoins is used for buying other cryptocoins. It's almost the only thing I've used it for. Played some rounds on dragons tale but its a losing game.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: bitkilo on September 08, 2014, 10:49:47 AM So far i have only paid for 1 coffee with bitcoin but will look for places this week, i travel a bit for work so i want to buy a least 1 lunch this week with btc.
I have Hero sub on my list this week then maybe The Vine hotel for a pub meal on the weekend. I just found a great site call coinmap and have found heaps of places here in Melbourne to spend btc. Title: Re: Who actually spend bitcoins ? and for what ? Post by: DaveSaldana123 on September 08, 2014, 02:46:12 PM I think more than half in btctalk are spending bitcoin in some way. Me, ive been trading btc for real cash.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Ayers on September 08, 2014, 02:49:27 PM A huge amount of bitcoins is used for buying other cryptocoins. It's almost the only thing I've used it for. Played some rounds on dragons tale but its a losing game. same, everyone just spend bitcoin to makes even more bitcoin, so only in crypto world for now, bitcoin should be looked more from a tech point of view and not under the "speculation tab" only Title: Re: Who actually spend bitcoins ? and for what ? Post by: cryptworld on September 08, 2014, 02:49:59 PM I have spent in some services,gambling,investing, and buying some stuff ;D
Title: Re: Who actually spend bitcoins ? and for what ? Post by: _Miracle on September 09, 2014, 03:52:03 AM Mining equipment, food, vacuum cleaner, light fixtures, big comfy comforter set (with Euro pillows), Starbucks cards and with that...my favorite coffee maker: a burgundy Verismo. Books (lots of books), too much from Home Depot lately. If something I want or need can be purchased with bitcoin I try to do it as directly as reasonable. My vacuum was from Overstock but many times I order Amazon with Gyft cards (same with Home Depot and my friggen house always needs something ;-)
Title: Re: Who actually spend bitcoins ? and for what ? Post by: counter on September 09, 2014, 04:58:37 AM From what I gather the OP thinks it's bad to hold Bitcoin and at the same time it is bad to spend Bitcoin. I've noticed a trend of people who like to make arguments that bitcoin is doomed for one of these reasons but never both at the same time. The guy the spent a thousand dollars on a pizza helped bring Bitcoin to where it is today.. The guy holding his coins helped bring Bitcoin to where it is today and that is what has made Bitcoin special and widely known. So your logic that it will be doomed for either of these reasons is just way off base. It's you that doesn't undterstand what will make Bitcoin succeed and not the people you think aren't making good decisions with their coins(in mhy opinion).
Title: Re: Who actually spend bitcoins ? and for what ? Post by: hodlbananas on September 09, 2014, 08:47:52 AM From what I gather the OP thinks it's bad to hold Bitcoin and at the same time it is bad to spend Bitcoin. I've noticed a trend of people who like to make arguments that bitcoin is doomed for one of these reasons but never both at the same time. The guy the spent a thousand dollars on a pizza helped bring Bitcoin to where it is today.. The guy holding his coins helped bring Bitcoin to where it is today and that is what has made Bitcoin special and widely known. So your logic that it will be doomed for either of these reasons is just way off base. It's you that doesn't undterstand what will make Bitcoin succeed and not the people you think aren't making good decisions with their coins(in mhy opinion). Although pizza guy only parted with his cash because he had no impetus to hold onto his coins. And i think this is the problem with bitcoin in its current phase - many people all think theyre either gonna get very rich, or lose everything and look back on it with a smile. theres too much temptation, which will play into human nature until at least the price becomes a little more predictable. nothing to say it's doomed though, why should it be? the ability to fend off peaks and troughs, for example with the recent whale selling, is proof alone that sentiment is positive. Title: Re: Who actually spend bitcoins ? and for what ? Post by: hayabusa911 on September 09, 2014, 09:00:10 AM Spend bitcoin? I don't understand ;D
Title: Re: Who actually spend bitcoins ? and for what ? Post by: qwerty555 on September 09, 2014, 12:16:25 PM The spend on retail is probably mostly driven by the likes of online retailers like Overstock. This will soon change once Xapo get their cards out which seems to be log jammed and bitpay gets closer to its 1 million merchant target for end of 2016 Big ticket items at $10 million each are bullion dealers http://techcrunch.com/2014/08/25/gold-dealer-drops-credit-card-payments-for-bitcoin/ http://www.coindesk.com/bullion-dealer-amagi-metals-stop-accepting-fiat-currency/ Individual retailers in niche markets also seem to be having success - average customer spend is higher = higher sales http://consumersresearch.org/reeds-jewelers-find-their-advantage-with-bitcoin/ Title: Re: Who actually spend bitcoins ? and for what ? Post by: ShintoshiBTC on September 09, 2014, 01:11:12 PM Spend bitcoin? I don't understand ;D You should also know how to use em and not hold em until its what 2020? Title: Re: Who actually spend bitcoins ? and for what ? Post by: Kolakazki on September 18, 2014, 02:08:43 PM Maybe half of the people here spends bitcoin. You can actually pay someone for services by btc.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: LiteCoinGuy on September 18, 2014, 06:48:48 PM alot of stuff: shirts, cups, pizza, tickets, online services.
just start with one :) Title: Re: Who actually spend bitcoins ? and for what ? Post by: MercyC on September 19, 2014, 05:21:08 PM Hoping to get paid in bitcoin soon but in the mean time I've been buying baby shower and wedding gifts. Oy! My fave site is bitcoinshop.us!
Title: Re: Who actually spend bitcoins ? and for what ? Post by: BurtW on September 19, 2014, 05:47:26 PM I have bought a lot of things including gold, silver, girl scout cookies and my laptop from Dell.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: MRKLYE on September 19, 2014, 05:50:26 PM I have bought a lot of things including gold, silver, girl scout cookies and my laptop from Dell. Did you buy those girlscout cookies from BayAreaCoins? :D Title: Re: Who actually spend bitcoins ? and for what ? Post by: BurtW on September 19, 2014, 06:19:58 PM I have bought a lot of things including gold, silver, girl scout cookies and my laptop from Dell. Did you buy those girlscout cookies from BayAreaCoins? :D Title: Re: Who actually spend bitcoins ? and for what ? Post by: ikydesu on September 19, 2014, 07:18:05 PM Spending my bitcoin for:
-Buy Cloud mining/invest -real cash -buy some goods :D Title: Re: Who actually spend bitcoins ? and for what ? Post by: mezmerizer9 on September 19, 2014, 11:00:16 PM I just bought google android tablet with btc and expecting it to arrive in two weeks or so.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: mllenios on October 08, 2014, 11:46:25 AM I spend btc.. Paying freelancers, graphic designers, softwares.. Etc.
Title: Re: Who actually spend bitcoins ? and for what ? Post by: Saigonsmokes on October 08, 2014, 01:17:47 PM Physical Bitcoins and Litecoins thats what!
http://www.youtube.com/watch?v=CbjVMIpoauQ&feature=youtu.be Title: Re: Who actually spend bitcoins ? and for what ? Post by: Turnkey on October 08, 2014, 02:00:24 PM I have spent small amount of bitcoins (Total 0.05) on fiverr and a cloud server.
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