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Author Topic: So, I have some bitcoins... ...now what?  (Read 3348 times)
Threshold
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June 05, 2011, 04:50:42 PM
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I am basically wondering what I could do with bitcoins.  I don't buy/sell drugs or other illegal stuff.  I don't have a big international money exchange need...  I don't live in a third world country that doesn't have a stable economy...

...so what now?

I am amused with the idea of the currency, and cryptography has always been an interest of mine -- but so far I don't see an advantage of bitcoins for me.

Is there anything similar to eBay that uses bitcoins?  I'd give that a try if it exists...

-Thresh

Earn free bitcoins at:  http://www.freebitcoins.org/4296
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Jaime Frontero
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June 05, 2011, 04:51:41 PM
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PROFIT!!!
Shuffle
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June 05, 2011, 04:52:17 PM
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http://www.bitcoinclassifieds.net/

or you can exchange it to USD but that kind of defeats the purpose of bitcoin as a currency
Xiong Zhuang
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June 05, 2011, 04:57:06 PM
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 I do live in a third world country and don't have a stable economy, so give it to me.
bitcool
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June 05, 2011, 04:59:59 PM
 #5

A lot of merchants are eager to sell you good and services in exchange for your btc.

https://en.bitcoin.it/wiki/Trade

My favorite: http://bitbrew.net/
Threshold
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June 05, 2011, 05:06:41 PM
 #6

Thank you all for your replies.

Considering how unstable the bitcoin is (its value has changed greatly over the past weeks and months), is there any plan to change the processing charge from 0.01 to something lower?

Also, I thought I had read that the processing charge was optional -- but when I try to use the bitcoin client for a Mac, it won't allow me to transfer cash without it.  I receive an error message that says:  Error: This transaction requires a transaction fee of at least 0.01 because of its amount, complexity, or use of recently received funds

What are the amount, complexity, or recently received funds rules that my transaction may have broken?

Thanks again.

Earn free bitcoins at:  http://www.freebitcoins.org/4296
CravenEconomics
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June 05, 2011, 05:10:27 PM
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If you just received the funds, you must use the transfer fee or if it is a small amount you must use the transfer fee...

Seems pretty self explanatory in the error message

GAMES FOR BTC --- STEAM and EA STORE (Origin) --- GREAT DEALS! (http://forum.bitcoin.org/index.php?topic=20559.0)
Threshold
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June 05, 2011, 05:12:19 PM
 #8

Craven, I didn't know if the fee was for sending too large an amount or too small an amount -- that part wasn't self explanatory from the error.

Also, I understand the part about sending money too quickly -- but what I don't know is how soon is too soon.  EG, must one wait an hour?  a day?  a week?

Earn free bitcoins at:  http://www.freebitcoins.org/4296
jatajuta
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June 05, 2011, 05:30:19 PM
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I am basically wondering what I could do with bitcoins.  I don't buy/sell drugs or other illegal stuff.  I don't have a big international money exchange need...  I don't live in a third world country that doesn't have a stable economy...

...so what now?

I am amused with the idea of the currency, and cryptography has always been an interest of mine -- but so far I don't see an advantage of bitcoins for me.

Is there anything similar to eBay that uses bitcoins?  I'd give that a try if it exists...

-Thresh

If you live in US you should damn bet your currency is going to be so instable as latin america in few years.
Dollar is doomed to fail and that was way before bitcoins ever exists.
edd
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June 05, 2011, 05:45:05 PM
 #10

A lot of merchants are eager to sell you good and services in exchange for your btc.

https://en.bitcoin.it/wiki/Trade

My favorite: http://bitbrew.net/


Hey, that's my favorite, too!

Still around.
beeph
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June 05, 2011, 06:37:49 PM
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u can buy options on more bitcoins or use them in dark pools LOL
I clicked on above vendor link and  was amused how many financial services/exchanges/derivatives/markets there are for bitcoins relative to how many products u can buy for them.


In reality you will wait for the next hype wave to go out and unload them at a profit (hopefully) to what's known as a 'greater fool'

Please note i am a big supporter of the bitcoin theory and future, but as of NOW they are little more than a gambling tool, it would be foolish to kid yourself otherwise.

CravenEconomics
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June 05, 2011, 06:47:30 PM
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Please note i am a big supporter of the bitcoin theory and future, but as of NOW they are little more than a gambling tool, it would be foolish to kid yourself otherwise.


So if you mined bitcoins, like I have, and purchased goods with them that makes me a gambler? lulz

GAMES FOR BTC --- STEAM and EA STORE (Origin) --- GREAT DEALS! (http://forum.bitcoin.org/index.php?topic=20559.0)
lacedwithkerosene
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June 05, 2011, 06:51:10 PM
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So, I have some bitcoins...  ...now what?

Brag about it to a girl you have the hots for  Cool

bitcool
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June 05, 2011, 06:51:24 PM
 #14

A lot of merchants are eager to sell you good and services in exchange for your btc.

https://en.bitcoin.it/wiki/Trade

My favorite: http://bitbrew.net/


Hey, that's my favorite, too!
All three websites are yours? Great job!
CravenEconomics
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Happy deflation!


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June 05, 2011, 06:52:56 PM
 #15

u can buy options on more bitcoins or use them in dark pools LOL
I clicked on above vendor link and  was amused how many financial services/exchanges/derivatives/markets there are for bitcoins relative to how many products u can buy for them.


In reality you will wait for the next hype wave to go out and unload them at a profit (hopefully) to what's known as a 'greater fool'

Please note i am a big supporter of the bitcoin theory and future, but as of NOW they are little more than a gambling tool, it would be foolish to kid yourself otherwise.


http://www.nydailynews.com/news/national/2011/06/05/2011-06-05_silk_road_website_where_illegal_drugs_can_be_ordered_for_home_delivery_must_be_s.html

You can purchase almost anything anonymously...ya as of NOW they are little more than a gambling tool...lulz even more

GAMES FOR BTC --- STEAM and EA STORE (Origin) --- GREAT DEALS! (http://forum.bitcoin.org/index.php?topic=20559.0)
frycicle
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June 05, 2011, 06:53:42 PM
 #16

You can buy Amazon and Newegg Products from me. Bitcoinredemption.com

Buy Newegg Products with Bitcoin with 0% transaction fee! bitcoinredemption.com
Garrett Burgwardt
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June 05, 2011, 06:54:13 PM
 #17

A lot of merchants are eager to sell you good and services in exchange for your btc.

https://en.bitcoin.it/wiki/Trade

My favorite: http://bitbrew.net/


Hey, that's my favorite, too!
All three websites are yours? Great job!

The owner/operator of The Bitcoin Sun is anonymous, but AFAIK edd isn't the owner Smiley
Threshold
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June 05, 2011, 07:16:06 PM
 #18

AbelsFire, I couldn't find bitcoin prices on your site.  Only USD prices.

Earn free bitcoins at:  http://www.freebitcoins.org/4296
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June 05, 2011, 07:21:25 PM
 #19

you could buy real world computer stuff: https://www.btcdeals.com/

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
Threshold
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June 05, 2011, 07:22:44 PM
 #20

Gotcha, thanks AbelsFire.

That, I suppose, is another problem with bitcoins -- that their value is so unstable that the cost can't just be posted on a site for very long before it isn't what the buyer or seller envisioned.

Earn free bitcoins at:  http://www.freebitcoins.org/4296
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