Hey,
I wanted to share with you all how I use Bitcoin day to day. Alot of people don't like to spend Bitcoins because they are accumulating interest on them, and thats understandable.
Here is what I do.
I have lets say 2 accounts. One checking and one saving you can say.
My saving never gets touched. I have bought however many I wanted, and stored them away for a long time.
Whenever I want to buy something, I will not use my savings, but I will buy at market price and immediately transfer it to the merchant.
This benefits me in alot of ways:
1. I paid the same price as I would if I used a debit card.
2. It indirectly increases the value of my savings because I purchased more bitcoin.
It benefits the Bitcoin economy because there is more Bitcoins being spent and circulated.
Coinbase is really my best friend, if I order something, it will say send "x amount of Bitcoins to this address" I will purchase that x amount and immediately transfer it.
Coinbase is my new PayPal pretty much
Just wanted to share that
+1
This guy knows how to bitcoin.