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Author Topic: What do you actually spend your cryptocurrency on?  (Read 722 times)
Ridwan Fauzi
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September 26, 2019, 05:39:56 AM
 #61

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.
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September 26, 2019, 07:46:50 AM
 #62

https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965

These are some sites that accept crypto as payment and in very few countries we can buy things with spending cryptos like in Singapore,Japan even in NIgeria too.

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September 26, 2019, 08:00:29 AM
 #63

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.

Yes, most of the people today are seeing bitcoin as store of value and as a investment instruments. I mean the potential profit you can made in the next year or two is great, you just have one quality, have patience and not to be emotional.

Although mass adoption will happen if online merchants will start to accept bitcoin, but currently I'm not seeing it going to happen unless those people behind are also crypto enthusiast.

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September 26, 2019, 08:06:37 AM
 #64

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.

Using bitcoin as an investment is the best thing that we can do than to use bitcoin to buy something on the internet or in real life. While there is not many online stores or offline store which accept bitcoin, we can use save the bitcoin and convert it into cash. I don't like to use bitcoin to buy something or buying from a store online. I feel not comfortable, and besides that, I cannot touch the product I want to buy. Sometimes the product will not be the same as what they offer, and that is the other reason why I don't want to buy by the online shop.

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September 26, 2019, 09:48:07 AM
 #65

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.

Using bitcoin as an investment is the best thing that we can do than to use bitcoin to buy something on the internet or in real life. While there is not many online stores or offline store which accept bitcoin, we can use save the bitcoin and convert it into cash. I don't like to use bitcoin to buy something or buying from a store online. I feel not comfortable, and besides that, I cannot touch the product I want to buy. Sometimes the product will not be the same as what they offer, and that is the other reason why I don't want to buy by the online shop.
This is 21st century and Amazon is the biggest place to shop your things and the things has changed from you mentioned.Yes there maybe fake products can be sold but you can see the previous user's reviees before you purchase any product.

Amazon still accepts bitcoin but you can convert bitcoin into cash and use it to buy things from Amazon.

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September 28, 2019, 03:41:33 PM
 #66

I use my entire cryptocurrency I earned in different ways. Sometimes it can be a simple refueling of a car, and sometimes buying books on the Internet. Most often I just transfer to a bank account.

You don't keep any of it at all?

I remember one person mentioning they spent all of what they earned on Steam games, every last satoshi. That was in 2015 when the price was around 40-50x lower than it is now. I would be utterly mortified looking at my Steam library in those circumstances.

Most of mine stays stored. I'm also quite selective about what I spend it on. I don't like letting go of it for pure consumables. If it went to millions of dollars the idea of $10,000 tank of fuel would seriously piss me off. If it had been spent on something that had made a notable improvement to my standard of life I would be able to forgive it.
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September 28, 2019, 10:43:56 PM
 #67

I remember one person mentioning they spent all of what they earned on Steam games, every last satoshi. That was in 2015 when the price was around 40-50x lower than it is now. I would be utterly mortified looking at my Steam library in those circumstances.

That would suck badly, but probably not nearly as much as how Laszlo must feel thinking back about his 10,000BTC pizza transaction. It's cool and all that he will be remembered for that for ever, but I can't imagine that he isn't thinking about it from time to time, calculating how much his coins would be worth, where he could have been in life, etc.

Spending Bitcoin without replacing every single satoshi is just stupid, especially when you don't have the guarantee that you will earn them back because of how the price keeps going up.

It would be cool to see exchanges come up with an app or something that tracks your purchases and automatically replaces every spent satoshi. I recall Roger Ver to have plans to add a feature like that to his shitcoin dot com wallet, but meh, not going to use that to buy 'Bitcoin Core'....... Lips sealed
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September 29, 2019, 03:30:20 AM
 #68

Could be an interesting site, definitely an interesting way for you to advertise it here though - creating a pretty clickbaity title and then provoking discussion about your site. I'll take the bait.

I've only really be interested in the PC part of electronics, and whenever I get to building a new rig, or upgrading, my go-to would be Newegg. Great prices, fast shipping, and it's a great way for me to cash out some BTC and save some fiat money.

I took a look at the marketplace, and I'm more so getting the ebay sorta feel from it? Not really a company selling parts to a customer, but more a P2P marketplace where people can sell used items to other people.

Could be interesting. Just need to see more items TBH.

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September 29, 2019, 07:29:52 AM
 #69

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

I would willingly spend my crypto-currency on buying any kinds gadgets online. I feel good because it's less hassle if direct to buy without converting it to fiat.

But here in my country I can't do that. Because online shops here accept only card or cash. So I use the third party app coins.ph to convert my bitcoin to cash. And then buy what I want, pay bills and many more.

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September 29, 2019, 08:15:42 AM
 #70

Take a look at daily spending habits of people and this gives you an idea. I use bitcoin to pay for food delivery every week at least once. Granted, this is a Bitpay 3rd-party merchant... so it's not like I'm exactly paying a pizza shop bitcoin. But I think it's a start and when shops do see their bitcoin orders go up, they might one day want to take it themselves (and who knows their own lightning shop so they don't bother with Bitpay's ridiculous confirmation setup).

Shopping is a bit more problematic, but I'm not really an online shopper. I know some people who do tiny buys every now and then that adds up in a month! Make-up, clothes, accessories especially.

Honestly, I've been living off crypto since late 2017.. sure, seen a few ups and downs but I'm exchanging crypto on a daily basis through p2p connections / localbitcoin / localethereum and using it as my main income.

Same here, I wouldn't exactly calling it living off crypto, though. That's for someone who bought all his coins years ago and living on it.

I've been earning only in crypto since late 2017/early 2018. Up until Q1 2016, I was 100% earning in fiat. In fact, if you discount the few clients who insisted paying me through paypal, I was actually earning in crypto since end of 2016.

My trading (selling, 90% of the time) takes place about every week, and with a bigger or more frequent one times around 3rd week of month to pay off bills.

P2P most of my trades too.

I think I'm pretty unique in my BTC spending, well at least compared to the other people around here - I've only ever used BTC for fairly small transactions, as well as some places that accept it when I am online shopping.

Recently used the Moon app (this is a browser extension which basically allows you to spend your money on sites like Amazon) to go on a huge shopping spree for a laptop, and some other tech stuff. Was pretty crazy I could use BTC to pay for it, even if spreads where a bit high.

Smiley
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October 03, 2019, 03:35:28 PM
 #71

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.
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October 07, 2019, 12:24:04 PM
 #72

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.
 

Me, too. The last year I tried spending bitcoin on service is only on 2017 to show support on the tech and for the whole crypto space. But now, I don't even bother because things did not go well in terms of financial because of the long bear period. Even in the twitter cryptoverse, those influencers that travel to spend only crypto shared that they only met 4-5 persons that actually spend bitcoin.
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October 07, 2019, 03:44:58 PM
 #73

I mainly use it for gambling. Since the amounts are so small they're not worth converting into fiat or purchasing anything that I could afford.

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October 08, 2019, 11:56:37 AM
 #74

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.

Using bitcoin as an investment is the best thing that we can do than to use bitcoin to buy something on the internet or in real life. While there is not many online stores or offline store which accept bitcoin, we can use save the bitcoin and convert it into cash. I don't like to use bitcoin to buy something or buying from a store online. I feel not comfortable, and besides that, I cannot touch the product I want to buy. Sometimes the product will not be the same as what they offer, and that is the other reason why I don't want to buy by the online shop.
This is 21st century and Amazon is the biggest place to shop your things and the things has changed from you mentioned.Yes there maybe fake products can be sold but you can see the previous user's reviees before you purchase any product.

Amazon still accepts bitcoin but you can convert bitcoin into cash and use it to buy things from Amazon.
They don't directly accept bitcoin, due to their reasons, but in the wake of that, a company specifically made to fulfill the needs of people who want to spend BTC on the site, purse.io. They actually work pretty well with fairly low spreads and amazing integration with Amazon, it's just a simple browser extension.

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.
 

Me, too. The last year I tried spending bitcoin on service is only on 2017 to show support on the tech and for the whole crypto space. But now, I don't even bother because things did not go well in terms of financial because of the long bear period. Even in the twitter cryptoverse, those influencers that travel to spend only crypto shared that they only met 4-5 persons that actually spend bitcoin.
Probably a better investment anyway, hold!

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October 08, 2019, 01:57:27 PM
 #75

I never buy physical goods with crypto.
Last time i buy is digital goods, like hosting, vps, phone pulse.
But if i calculate until now,
more than 70% spending on gambling.
and so much lose streak  Undecided
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October 09, 2019, 06:09:12 AM
 #76

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.
same as me. in that year I got quite a lot of money that I got from cryptocurrency, and everything I used to meet my needs, such as shopping, traveling, and others. but, for now, is different, I always think about spending what I produce on other businesses and developing business. Well, I'm quite sorry I didn't do this a long time ago.

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October 09, 2019, 03:54:08 PM
 #77

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?
After ten years Bitcoin has come a long way, you can literally buy anything with Bitcoin, I happen to live in a country where Bitcoin is well accepted in many merchants, I can pay my bills, my insurance, and convert my Cryptocurrency and use it to buy on one of our biggest local marketplaces here in our country, with the way things are going we can have a mall here mainly for Cryptocurrency only.


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October 11, 2019, 01:45:20 PM
 #78

To be honest, I am dealing with cryptocurrency as an asset a lot more than a currency. Firstly, there aren't many marketplaces online supporting cryptocurrencies as payment methods, and secondly, I believe that BTC, ETH, and similar good coins have a good potential and they deserve a long term holding.
But I used many times BTC before to make micropayments, and for advertising my links in a-ads and some other advertising PTC sites.
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October 12, 2019, 07:50:46 AM
 #79

 Honestly I have not use crypto to make purchase in any online crypto accepted store yet even though there are quite a good number of them around, I don't know,  am just keeping my btc and alts to sell at higher price for now, I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.

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October 12, 2019, 08:23:18 AM
 #80

I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.
Bingo! Finally someone being honest here---crypto in most cases is not convenient to use as payment option and will probably never become that. People keep hyping crypto as the ultimate currencies, but they failed miserably as such.

The actual selling feature of crypto is censorship resistant payments, which few people actually need in the grand scheme of things. In other words, it's a niche market people want to be penetrated with crypto. This can take decades.

Speculation and store or value are pretty much the only features you need, and Bitcoin has both of them. I'm perfectly fine with these two areas to keep doing better while payments only increases by minor upticks.

BSV is not the real Bcash. Bcash is the real Bcash.
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