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Poll
Question: Which of the following best describes how you use Bitcoin?
Bartering for BTC - 5 (4.3%)
Working for BTC - 7 (6%)
Mining and Hoarding - 19 (16.2%)
Mining and Selling - 8 (6.8%)
Mining and Spending - 7 (6%)
Buying Low, Selling High - 18 (15.4%)
Buying and Hoarding - 27 (23.1%)
Buying and Spending - 11 (9.4%)
Other, please comment - 5 (4.3%)
I don't actually do anything - 10 (8.5%)
Total Voters: 117

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Author Topic: Poll: How do YOU use Bitcoin?  (Read 1428 times)
BTCAviator (OP)
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May 06, 2013, 02:25:27 PM
 #1

There are indeed many ways to use Bitcoin. I simply wanted to open a poll to get a snapshot of how people tend to be involved with this revolutionary currency.

My apologies if a similar poll has been done in the past.

Thanks for participating.  

*you are welcome to change your answer at any time*
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ChanceCoats123
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May 06, 2013, 07:13:49 PM
 #2

I have mined a few, bought a few, I hold most, but I have a few sell and buy orders in place for dips and peaks, but I also want to buy a Subaru WRX with my BTC. So quite a few.
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May 06, 2013, 08:14:22 PM
 #3

I run a paintball business that accepts Bitcoin. I also do a little day trading and am working on getting some Bitcoins at a good price to hold long term. I also do small ($10 or so) loans on BTCJam just for fun.

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May 06, 2013, 11:17:42 PM
 #4

I am completely open to spending BTC but until it becomes easier to do so, I will have to stick with just buying and hoarding.  Hopefully the day will come where we can easily spend. Smiley

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May 08, 2013, 07:31:02 AM
 #5

There are way too many options that apply to just choose one.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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May 08, 2013, 08:34:41 AM
 #6

All these options but I miss 'buying high, selling low'
Brandt
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May 08, 2013, 09:16:09 AM
 #7

Mining and spending the coins on Bitmit mostly for pc games

Havent bought a game usng another currency for half a year now Cheesy
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May 08, 2013, 09:47:09 AM
 #8

I know most of you long timers here will hate how I use bitcoins. I mine to fund all of my random online purchases (steam, ebay, humble bundle sales, etc) I just look at it like its free money, power is dirt cheap in BC, Canada so my power bill only went up a few dollars a month

I use Bitmit, to trade the BTC's for cash into my paypal account.
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May 09, 2013, 11:22:44 AM
 #9

Mining, buying and spending.

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May 09, 2013, 11:46:12 AM
 #10

Getting around to creating a web service that will be payed for in Bitcoins Smiley

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May 09, 2013, 11:49:41 AM
 #11

Gambling, mostly playing poker, and selling when I need some money.  I don't buy, although I probably will buy some on Coinbase at some point just to up my sell limits.  I'm in no real hurry, though, because I have yet to exceed or even get near exceeding them.
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May 09, 2013, 02:25:19 PM
 #12

Personally, I mine my bitcoins and then I go buy items online as the price of Bitcoin goes higher; When the price is low I hoard them until they are worth something, for me this is like getting things for free, like those reward points at stores.

Everything I buy is in BTC, I never exchange it to fiat.

If you think my efforts are worth something; I'll keep on keeping on.
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May 14, 2013, 10:54:50 AM
 #13

I'd say I hoard, but having less than 0.01BTC to my name isn't quite hoarding. I'm attemptimg to collect enough little by little to be able to use them.

Wit all my solidarities,
-ktttn
Ever see a gutterpunk spanging for cryptocoins?
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Lauda
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May 14, 2013, 01:10:50 PM
 #14

Mostly mining and hoarding Cheesy

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May 14, 2013, 07:20:49 PM
 #15

I use smaller quantities for everyday goods from the various marketplaces.
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May 14, 2013, 08:22:12 PM
 #16

Mostly poker, but also payment for personal loans and debts.

Ive also bought some video cards from BTCT members, and various items at https://www.bitcoinstore.com/‎

Also Ive bought pizza using pizzaforcoins.com
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May 14, 2013, 10:20:20 PM
 #17

I convert about 80% of my paycheck into BTC. I leave enough in my bank account to pay bills (though will soon be testing the bitcoinbillpay system).

I have about $100 in cash left from about $400 I had back in February that I use for little things like getting my hair cut or needing to pay for something.

I only spend bitcoins for everything else.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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