124000 USD from bitcoins order from Overstock.com

[danielW]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  

Sorry, something like this is commonly said but it does not make any sense. $ and bitcoins are interchangeable. You can simply buy more bitcoins after spending them, to get your desired investment level.

Using that logic it does not make any sense to buy anything with dollars or any other currency, as you could put that money into bitcoins and it will be worth more later.

But clearly people need to spend in the meantime, and the only difference is that its easier to spend with bitcions, and your supporting the economy  

[ArticMine]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  

Sorry, something like this is commonly said but it does not make any sense. $ and bitcoins are interchangeable. You can simply buy more bitcoins after spending them, to get your desired investment level.

Using that logic it does not make any sense to buy anything with dollars or any other currency, as you could put that money into bitcoins and it will be worth more later.

But clearly people need to spend in the meantime, and the only difference is that its easier to spend with bitcions, and your supporting the economy  

I agree with this but it makes more sense to buy the additional BTC before spending the BTC in order to hedge the short risk. One way to do this is to deposit fiat in an exchange first, and then buy the BTC just before the ecommerce purchase.

[Tirapon]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  

Sorry, something like this is commonly said but it does not make any sense. $ and bitcoins are interchangeable. You can simply buy more bitcoins after spending them, to get your desired investment level.

Using that logic it does not make any sense to buy anything with dollars or any other currency, as you could put that money into bitcoins and it will be worth more later.

But clearly people need to spend in the meantime, and the only difference is that its easier to spend with bitcions, and your supporting the economy  

I agree with this but it makes more sense to buy the additional BTC before spending the BTC in order to hedge the short risk. One way to do this is to deposit fiat in an exchange first, and then buy the BTC just before the ecommerce purchase.

Simplest strategy: Buy BTC. Price goes up 10x - spend 10% on stuff you need. Price goes up another 10x - spend 10% on stuff you don't even need  

If Bitcoiners all follow a strategy along these lines, the economy will continue to grow, and we will end up with lots of Bitcoiners with plenty of money just itching to spend it somewhere (which ought to encourage businesses to add it as a payment option). This is kind of the situation we have, because most Bitcoiners have the mental capacity to figure this out.
Unlike the people who argue that somehow Bitcoin will be worth zero due to its deflationary nature

[jubalix]

I never realized how evil I was...  

I didn't either until countless freaks on this forum have made it quite clear that hoarding and speculating are both the Devil's work.

"Hoarding" is the WORST argument of all time. I've been hoarding dollars every year (even though I shouldn't because dollars are economic turds) since the year I was born.
 
I spend my bitcoin, and when I do I instantly replenish my wallet on the majority of occasions.

But... but... Fucking deflation man! Economic death spirals, and shit.

Aren't you frightened?

no, because as the btc worth goes up, the utility of the HODL amount goes down, eg, hodl 10000 coins 3 years ago, I can spend 100 coins now and It doesn't effect me much, that BTC goes into the market with much more buying power. The other way to look at it if you have only $100 spending $75 is a big deal if you have 1 Million then spending $75 is nothing. The more you deflate the for you can spend

[31337157]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015... 

Academic interest only? With posts like this, you're going to have to change that sig.

[TERA]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  

What is that supposed to mean  - We're all supposed to refrain from using bitcoin for years until it's reached its ideal valuation? You're telling bitcoiners not to use bitcoin? What sense does that make? No thanks. And that's not going to help the btc economy. If nobody used it then it wouldn't be worth anything. That's a paradox!

[Tzupy]

One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  

What is that supposed to mean  - We're all supposed to refrain from using bitcoin for years until it's reached its ideal valuation? You're telling bitcoiners not to use bitcoin? What sense does that make? No thanks. And that's not going to help the btc economy. If nobody used it then it wouldn't be worth anything. That's a paradox!

He's not telling you to refrain from using bitcoin, if you really have to. There are drug dealers posting in these forums that need to use cryptocurrencies,
but the Average Joe (well, assuming he doesn't use illegal drugs) doesn't need bitcoin to do online shopping. Someone who buys now some expensive stuff that
he doesn't really need with bitcoins, through a retailer, has the same effect on the market as selling on an exchange and using the fiat for the purchase.
So he can claim that he holds tight, but he just takes advantage of the opportunity offered by the retailer instead of dumping (the retailer will dump).
I encourage the holders to buy stuff (even what they don't need) with bitcoins, this will bring more coins to the exchanges and the price down.

[BitchicksHusband]

update: OS refunded my funds after the glitch...in bitcoins! even though the price went up.  will be buying from them in the future.

Same with Bitchick.  She accidentally overspent .68 and got .7 in return.

[gog1]

update: OS refunded my funds after the glitch...in bitcoins! even though the price went up.  will be buying from them in the future.

Same with Bitchick.  She accidentally overspent .68 and got .7 in return.

how does this work?  anyway to get some free btc?

[billyjoeallen]

update: OS refunded my funds after the glitch...in bitcoins! even though the price went up.  will be buying from them in the future.

Same with Bitchick.  She accidentally overspent .68 and got .7 in return.

how does this work?  anyway to get some free btc?

Too late. They fixed the glitch.