Kprawn (OP)
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November 29, 2019, 07:55:27 PM |
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I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins. A friend of mine changed my mind, because he says we (The Bitcoiners of this world) must support the merchants that supports Bitcoin or they will simply stop supporting it and he says the Bitcoin price might plummet to $10/BTC and you would be glad that you spend it, whilst it was still valued a lot more. We have regular power failures in our area, so I decided.. f%^ it.. I am going to buy a UPS and a generator to protect my electronic devices and I bought these items at a local shop that supports Bitcoin payments. (I received a 65% discount on both items.) So, what did you buy and did you support our Bitcoin merchants?
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Steven209
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November 29, 2019, 09:10:03 PM |
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I do not want to miss this offer anyway. If I will find a free shipping service I will buy a hardware wallet on this December..
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malevolent
can into space
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November 29, 2019, 09:17:20 PM |
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I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins.
I think I'd regret it more if I didn't spend at least a little bit before a large decrease in price. Unfortunately, most of the things I wanted to buy were too niche or inconvenient to buy with Bitcoin so I had to settle for fiat.
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Duzter
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November 29, 2019, 09:27:53 PM |
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Black Friday is much enjoyed on the western nation, and slowly getting spread over the Asian countries. This is just a tactic followed to increase the business during this time. I haven't purchased anything during this black Friday. I preferred to buy a product from Ali Express during this Black Friday, but the product I have added to my cart hasn't got any offer. This way I dropped the plan of buying, and my usage will be mostly in fiat after converting to fiat.
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stompix
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November 29, 2019, 09:41:36 PM |
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Previously I thought it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins.
I don't understand why a lot of people are thinking this way. Let's say you get a deal paying with bitcoin and instead of the normal price of 75$, you pay the equivalent of 60$ in BTC. Since you would anyhow have spent the fiat, what is stopping you to convert either 75$ or 60$ in BTC and deposit it back to your wallet. You end with the same amount of bitcoin (or more), you get your product and you encourage merchants to offer bitcoin as a payment method. As simple as it gets!
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Anjuman
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November 29, 2019, 09:48:03 PM |
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I want to buy most of the things within mid December, cause I can remember the big Dump of 2017 occurrd on end of the December...
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Steamtyme
Legendary
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November 29, 2019, 09:49:02 PM |
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I wholeheartedly recommend spending some BTC as often as you can with merchants willing to accept it. I haven't bought anything with BTC this weekend, I'd love to but no one that has something I want/need is accepting crytpto. If they do by chance their prices far outweigh the deal to be had elsewhere - I'm in no spot to just spend extra because I want to use my coins. I am however selling coins to users on the forum, as I think that's the next best thing keeping an active and robust P2P network available here.
I have done both spend a decent chunk and watch a large price run-up, as well as hold and watch 20-30% price drop. I've also seen the better side as well and watched the value of my coins grow in spending power. Best bet is to spend as needed where you can but roll some Fiat back into coins and/or always have a savings bag off to the side for the future.
Funny thing I was holding coins to wait for Black Friday deals on items I wanted. The price drop nearly wiped the savings out in the end lol.
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minersday
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November 29, 2019, 09:54:20 PM |
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I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought
it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or
triple and you would regret paying for those goods and services with bitcoins.
Such mentality will not help the entire crypto ecosystem to grow and help mass adoption of Bitcoin and the entire cryptocurrency by people for transaction of goods and services. Bitcoin is a digital currency you need to understand that and clear the mind set you have regarding whether the value of bitcoin increase after using it to purchase something. What if the value decreases? what will the person that sold you the goods say? It is about time we accept bitcoin and the entire cryptocurrencies as digital currencies rather than digital assets.
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khaled0111
Legendary
Online
Activity: 2702
Merit: 3037
Top Crypto Casino
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November 29, 2019, 11:59:10 PM |
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A friend of mine changed my mind, because he says we (The Bitcoiners of this world) must support the merchants that supports Bitcoin or they will
Your friend is completely right. Bitcoin is meant to be used not to be stored. If everyone will refrain from using it then it will have no value. Anyway, you can make some purchases now during the black friday using your bitcoins, so you don't miss the huge discounts, then buy more cryptos with cash later and refill your wallets.
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Sadlife
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November 30, 2019, 12:11:04 AM |
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For me im not planning to buy anything on black friday with my bitcoin and im a minimalist type of guy. Spending 0.006 btc that is worth $50 today might go even higher in value so im enduring all the temptations today to buy things i want tomorrow. I treat bitcoin as an asset/investment not an commodity that is to be carelessly spent with its scarce supply with its 2million plus btc left i think it is wise to store some of it while we still can.
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Whittiesense
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November 30, 2019, 12:17:10 AM |
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Nice!!! 😄 65% discount. Fortunately, I did not buy anything with my bitcoin because i had other plans for it which would yield me some good profits
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hatshepsut93
Legendary
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Activity: 3038
Merit: 2161
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November 30, 2019, 12:40:48 AM |
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How do you even find merchants that accept Bitcoin and sell exactly what you need and offer competitive prices all at the same time? I buy most of my stuff either via my local online marketplaces or from big retailers. I never saw either of them accepting Bitcoin, so unfortunately I didn't spend my coins on this Black Friday. Supporting Bitcoin merchants sounds great, but I guess I'm just too seek them, but if places where I shop accepted BTC, I'd definitely spend some.
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DreamStage
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November 30, 2019, 01:48:48 AM |
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I bought some hardware for my own computer. Last year did the same and it was very easy to use and moving from payment into process acceptance.
Making these payments will surely help out bitcoin community and bring more investors to the table. Since payments will become a worth thing looking for on the future.
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Nothing to see here
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Shasha80
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November 30, 2019, 02:45:34 AM |
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Every time a black Friday event comes, I always use this opportunity to buy the items I want, because this is an opportunity that rarely happens so I think I should use it. I usually buy computer hardware when black Friday. I personally do not mind later bitcoin will go up or down after I buy items when black Friday ends. If bitcoin prices go down after black Friday ends it is my luck, and if the bitcoin price goes up I won't be too sorry because I didn't spend all the bitcoin I have. At least I can enjoy profits too if bitcoin goes up, so I think it depends on the way of thinking. According to me it's up to each person to use their bitcoin shopping when black Friday or just hold back yourself do not shop in the hope that bitcoin will rise. Everyone's choices are not right or wrong.
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hello_good_sir
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November 30, 2019, 02:48:59 AM |
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Let's not be so glum, I think one of the biggest issues when it comes to bitcoin mentality is one of regret. Oh, I can't believe I spent BTC there for something so useless, blah, blah. It's a bad mindset to have, and as someone who loves new tech, I've given up on it and just tried to enjoy life This time, I used the purse.io addon/app for amazon's black friday deal and bought a bunch of the new black friday specials, with most of them being SSDs, headphones, and a monitor + some small purchases!
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akirasendo17
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November 30, 2019, 03:25:11 AM |
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Black friday in our country is like sale, so apparently what it means is you will spend your money on things that you really don't need for me instead of buying unnecessary, i would keep my money for emergency things, that are we don't expect to happen since, this year is really not good , after investing so much , when bitcoin is 13k$ we now see ourselves under 8k$ so really bad , what we can do more is to accumulate bitcoin suring this down time, and spend money wisely unlike other who spend money on things that are not needed
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Asmonist
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November 30, 2019, 03:38:17 AM |
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I haven't buy any. I want to save my bitcoin now. Its really tempting to buy on Black Friday but I think its best to save it now. I'm not used about Black Friday sales anyway. Its just part of marketing strategy. However, its also an opportunity for christmas gifts buying. Well, budgeting is the key. I think I have no budget yet for Christmas gifts..lol.
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pooya87
Legendary
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Activity: 3626
Merit: 11010
Crypto Swap Exchange
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November 30, 2019, 03:41:51 AM |
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it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins.
even if you think that way, as an investor only, there is still an excellent way of justifying such purchases. think about it as cashing out some of your profit. as an investor if you have invested say $1000 in bitcoin at the bottom ($1000= BTC0.29) after the rise you have to cash out something to be able to say you have made profit. so instead of selling it to get the fiat out and then using the fiat to buy something, why not buy directly with bitcoin? specially if there is a big discount like in Black Friday. so from your BTC0.29 that is currently worth $2200 you could spend $50 or BTC0.0065 and consider that "taking profit out".
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carlisle1
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November 30, 2019, 03:42:45 AM |
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nothing that i spend instead i bought altcoin for another added in my folio and besides i rather use fiat than spending my bitcoin in 65% discount as when bullrun happens it is more worth than that discount. Nice!!! 😄 65% discount. Fortunately, I did not buy anything with my bitcoin because i had other plans for it which would yield me some good profits
same as what i did mate. nice offering mate good for your company.
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