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Question: What do you actually use Bitcoin for? Why?  (Voting closed: July 11, 2015, 04:32:11 PM)
Speculation/Investment/Saving - 70 (34.7%)
Online shopping - 37 (18.3%)
Money transfer - 31 (15.3%)
Micropayments - 7 (3.5%)
Gambling - 18 (8.9%)
Games (other than gambling) - 10 (5%)
Web services - 7 (3.5%)
Digital downloads - 4 (2%)
Porn - 3 (1.5%)
Dark web shopping - 5 (2.5%)
Other - 10 (5%)
Total Voters: 126

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Author Topic: Use cases. What do you actually use Bitcoin for?  (Read 33480 times)
n2004al
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October 09, 2015, 03:50:27 PM
 #381

Recently I used my all saved bitcoin for important matter but it is not actually the usage of my bitcoin. So in general, I just my saved bitcoin when in need. I have a real life job now so my expenses are covered in my salary. Bitcoin in my wallet are just saved for future use when time comes that I will need it.

But if you used all your bitcoins for important matter what do you have in your wallet? In the beginning of your post you tell that you have used ALL your saved bitcoins and then in the last sentence of your post you write that YOUR bitcoins are SAVED in your wallet for the future? Which bitcoins have you saved? They (all) that you have used??!!

You are confusing me..... But, I think, not only me....  Huh  Huh

Apology Sir if I mislead you in that post but I think my sentence is correct. Smiley

The last sentence that "I saved" was already used now (first sentence) because it is the "time comes" which is reffering to "important matter". Hope it is clear now lol.

Right now I started saving again thru doing some bitcoin earning method. Hope I can get back all the coins that I spent without buying it in my fiat currency because I don't preferred that method.

To tell the truth the sentence that you give as explanation confuse me more than the previous confusion. Maybe is your English or maybe is my English but I yet don't understand what do you want to tell with your words. Then you have not reason to apologies. Smiley We are not in a lesson here or in a courtroom. You need only to explain (if you want) the meaning of your two posts.

However this is an not important thing in this discussion so (if you want) leave it. Better let's discuss about the aim of this thread.
mark coins
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October 09, 2015, 11:48:35 PM
 #382

buy things on internet also investing as I believe in the long-term value of Bitcoins.
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October 10, 2015, 12:06:19 AM
 #383

I use bitcoins mainly to purchase Bitmain products. It is the most convenient way to do it.
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October 10, 2015, 12:37:18 AM
 #384

buy stuff while possible, yet most of the shops in my local region does not accept bitcoin.  Sad

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
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October 10, 2015, 01:52:48 AM
 #385

I use bitcoin for gammbling and investing and sometimes i use them to buy digital goods.i rarely look for services for bitcoins.

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Laosai
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October 10, 2015, 08:38:34 AM
 #386

Currently I am using bitcoins for money transfer to my loved ones on the province and also I cash out some to help on my expenses on my studies. I sometimes do gamble whenever I feel lucky or I'm bored and it's quite fun if I win and earn profit with it. I want also to try online shopping with bitcoins as a payment in the near future if I have extra funds to spend with Smiley

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October 10, 2015, 10:24:29 AM
 #387

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.
RealBitcoin
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October 10, 2015, 11:38:30 AM
 #388

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

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October 10, 2015, 11:50:31 AM
 #389

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.
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October 10, 2015, 09:19:33 PM
 #390

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.


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October 11, 2015, 05:32:58 PM
 #391

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.



Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.
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October 11, 2015, 05:43:34 PM
 #392


Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.

Yes because the style and the strategy is different.

I`m trading altcoins at yobit, and i`m in for short/medium term.

An investor would not invest in thos altcoins, but a quick speculator could.

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October 11, 2015, 06:33:09 PM
 #393

My case of use of bitcoin would be an investment. I just need to follow the inventor of bitcoin, he anticipated and kept his bitcoin as investment after some 90% of total bitcoins mined out I will use my bitcoin as money.

That is not investment, investment is when you cashout later.

In your case, you did a wealth conversion, and a paradigm shift, thats what you did.

Investor would be buying at 20$ and selling at 5000$ later on, you dont sell so you are not.

An investment can go beyond generations. Buying at 20$ selling at $5000 is a trading. The difference between a trader and investor is only time. A long term/time trader is an investor. If you convert your efforts or salary into bitcoin and keep on saving bitcoin as an investment, you are an investor.

No, that is not true.

Its not the time legtht the difference, but the purpose.

A trader goes for speculation/arbitrage/market manipulation, to make money.

An investor goes for value and future expected value.

The time length doesn't matter.But you cashout eventually from both.



Again confusing. Both trader and investor are doing their job for making money. So, there will not be any difference among them. I'm not expert in this subject. I have bolded the similarity I can see between a trader and an investor. Both trader and investor are important for a commodity to get price appreciations.


Here is the wiki definition for a trader and investor.

https://en.wikipedia.org/wiki/Trader_(finance)
https://en.wikipedia.org/wiki/Investor
I will say myself an investor even I trade bitcoin for altcoin. But the reason of believing  bitcoin I save my efforts in the form of bitcoin.
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October 11, 2015, 06:50:52 PM
 #394

I use Bitcoin for Investment and already have few Bitcoins in holdings for long term that is investment.I also use Bitcoin as money transfer and for gambling as this made everything much easy,fast and cost effective.I started playing online gambling once I came to know about Bitcoin.
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October 11, 2015, 07:23:25 PM
 #395

I just bought a case of cheez whiz.



Jesus approved.


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October 11, 2015, 07:25:41 PM
 #396

I use half of them in the poll list.
First for online shopping, then for money transfer, micropayments.
I don't use it for games nor gambling.
Other: buying alt coins and selling them to get bitcoin
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October 12, 2015, 10:41:22 AM
 #397

Most of them keeping stashed offline.

Some of them trading at yobit for altcoins and making a dime here and there. I dont shop, and I dont consume for the moment Smiley

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October 12, 2015, 11:34:44 AM
 #398

Bitcoin is an investment for early adopters so I want to be an investor bu saving them.....
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October 12, 2015, 12:04:35 PM
 #399

I just noticed that there are 5 votes in Dark Web Shopping. What is this anyway? Are this activity are present in those deep websites? Is this illegal? Is bitcoin really accepted by those shops?

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October 12, 2015, 01:33:47 PM
 #400

I just noticed that there are 5 votes in Dark Web Shopping. What is this anyway? Are this activity are present in those deep websites? Is this illegal? Is bitcoin really accepted by those shops?

Look up "Silk Road". It's illegal if what you're buying is illegal. Some of the shops (like Silk Road) only take Bitcoin.

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