bitzizzix
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SecureShift.io | Crypto-Exchange
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June 03, 2022, 01:34:32 PM |
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I use bitcoin to invest and also use it to transact individually if needed and needed by other bitcoin users, and this can happen accidentally because anonymously we never know who is involved with bitcoin even the people around. and one of them is my example which happened unexpectedly https://bitcointalk.org/index.php?topic=5401052.0and for other reasons in the country where i live bitcoin and other cryptocurrencies are not allowed to be used as a means of any transaction and only allowed as an investment so only individually i can use them and although purpose to invest for some reason but someday will use them and happen unexpectedly. And it's all because of continuous development and growth and there will come a time when we use it and I believe that's because that's what it's for.
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famososMuertos
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LE ☮︎ Halving es la purga
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June 03, 2022, 02:30:42 PM |
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There are bitcoin users who have them because yes, it is not even an investment, it is fashionable, others because they hold, etc. and there is a group of users who debate daily between a daily planning of how much bitcoin they spend and how many they hold, at some point as users we may go through some of those phases.
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ChiBitCTy
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June 03, 2022, 02:59:01 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
I buy stuff with bitcoin all of the time. No the majority of stuff that I buy with bitcoin is when buying stuff from friends all over the world. Mostly used when I'm buying stuff like coins or other types of collectibles. I do buy some things online such as medicines from pharmacies. There are a decent amount of other things available out there that you can use bitcoin to purchase, for example Chipotle ( a very popular mexican fast food place here in the United States).
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seoincorporation
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June 03, 2022, 03:03:52 PM |
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To buy things with Bitcoin is still complex, some countries have the right platforms for it, but other countries are still far away from finding products to buy online with cryptos.
Users have the option to change the bitcoins to fiat and then buy any product with that cash, but this is different than the concept of buying something using a Bitcoin transaction.
Personally, I use it as an investment tool and a capitalization tool.
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FlamingFingers
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June 03, 2022, 03:14:28 PM |
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Majorly as an investment here, more adoption will come as more awareness is being created for bitcoin, alot of merchants and online sales store are yet to be accepting bitcoin as means of payment. In few years time I believe that this your question will have a lot of positive feedback as regarding what bitcoin can be use to purchase in real world
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RyanSmith23421
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June 03, 2022, 03:47:42 PM |
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Both actually. But I feel like we should look at BTC as a form of investing only... Just my personal opinion.
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BitcoinPanther
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June 03, 2022, 04:07:09 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
I use Bitcoin to pay my bills. Aside from that I also buy altcoins with it. Whenever I order an item online and there is an option to pay with BTC, I choose to pay with BTC. Both actually. But I feel like we should look at BTC as a form of investing only... Just my personal opinion.
Looking it that way beats the purpose of why Bitcoin is created but then you are entitled to your personal opinion.
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Flexystar
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June 03, 2022, 04:11:43 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
I have purchased amazon gift cards from local vendors by exchanging the bitcoins for little extra margin. Then spent those gift cards over amazon to by stuff. Basically that's the best way available in my region to spend the bitcoins. However, there are many website which allow bitcoin payments for direct shopping purchases. Its getting very open market these days and hopefully it will continue to emerge so as to we see "bitcoin accepted here" tag everywhere. I am happy with the bitcoin the way it is right now. I am using it for both the operations, storing for long term investment and spending only whenever I need to do so.
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GreatArkansas
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ONLY BITCOIN
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June 03, 2022, 04:20:20 PM |
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I haven't tried to buy material things but I already tried to use or bought a service via Bitcoin. There are already a lot of ways to do it now, it's not only physical things, you can also use it by paying for some services especially online. I'm just glad we can do this now, I'm treating Bitcoin just like a normal currency that we are using in our daily lives.
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Bitcoin Only
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NeuroticFish
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June 03, 2022, 04:23:21 PM |
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The most expensive thing I've bought for bitcoin was a laptop. Now it's old enough for Win11 not installing on it and I could now buy a new car for those bitcoins. But yeah, life goes on and money come and go...
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Welsh
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June 03, 2022, 04:26:28 PM |
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Now it's old enough for Win11 not installing on it
Talk about silver linings... I could now buy a new car for those bitcoins.
I think that's the main reason why Bitcoin is being used as a reserve currency rather than a traditional currency these days. It has no doubt effected me, and how I treat Bitcoin. Like I said, I hardly spend my Bitcoin these days, and in the next few years that isn't likely to change. The potential of Bitcoin's price, is probably our undoing.
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NeuroticFish
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June 03, 2022, 04:31:17 PM |
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Like I said, I hardly spend my Bitcoin these days, and in the next few years that isn't likely to change. The potential of Bitcoin's price, is probably our undoing.
I find that extreme too and I don't want to do that. I prefer the "keep some, sell some" approach. This way my family's budget gets a most welcome boost now and then and I'm fine too, if I die tomorrow at least I've also spent some of my coins.
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Sterbens
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Duelbits.com
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June 03, 2022, 05:29:14 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
Almost forgot, but what I often do is buy something from the trading results generated from Bitcoin. Since there is no official payment method in our country to buy anything with Bitcoin, of course most of us just convert it to fiat. Going forward, we certainly hope that Bitcoin purchases will be allowed.
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Welsh
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June 03, 2022, 05:32:15 PM |
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I find that extreme too and I don't want to do that. I prefer the "keep some, sell some" approach. This way my family's budget gets a most welcome boost now and then and I'm fine too, if I die tomorrow at least I've also spent some of my coins.
Yeah, I can understand that. At the moment, like I said I'm only using my Bitcoin for things that I couldn't get with fiat. Then using Bitcoin to boost my wealth if/when it actually increases. Although, I haven't sold any for a while now. I use to want to use it as a currency, and I was probably within the mindset of you should use it for everything, but that has changed over the years for me. I do think it's vital that people are using it for both though. I guess it entirely depends on the situation of the person. Where I live there aren't too many places accepting Bitcoin. Those in cities will likely have much more options. The services I use to get my stuff don't currently use it. I could use a payment processor, but that's just going around the fence, when I could just jump over it using fiat.
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Cling18
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June 03, 2022, 05:50:23 PM |
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I prefer Bitcoin as an investment but when I hit a good profit last year, I purchased a mobile phone as a treat and a peace of remembrance for the last bull run. It's a good thing that there are already lots of local stores in our country that accepts Bitcoin. As a part of my journey with Bitcoin, I would personally do this every time I gain a good profit from it. Of course, I will save most of it for reinvestment but I would love to hold and see the fruits of my profit.
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mia_houston
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June 03, 2022, 06:36:37 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
So far my country still prohibits the use of bitcoin as a means of payment, so it would be a violation of the law if we use it as an alternative payment for goods or services, so like it or not we can only use bitcoin as an investment asets and get profit from trading in the market, maybe not only my country has no legality regarding the use of bitcoin as a means of payment, but I am sure that most of the members here are also stay in countries that prohibit the use of bitcoin as a means of payment.
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OgNasty
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Leading Crypto Sports Betting & Casino Platform
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June 03, 2022, 06:44:30 PM |
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It's getting more and more difficult to spend BTC these days. Trying to spend some BTC today and the payment provider wanted me to KYC... Crazy. I've never been asked to KYC to spend my own money before. As I see the way Bitcoin is being assimilated into existing finance, it seems like it will be used as one hell of a financial surveillance tool. I see now why they're spiking inflation to accelerate the removal of cash from society. Thankful that some projects like btcpayserver are trying to offer the option for making private payments but I wonder how long they'll be allowed to operate. After spending 2 decades thinking cash was for fools to hold, I'm now starting to see how cash will again become King. I suspect in another 18 months there will be others who see the value of having cash on hand.
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wxa7115
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June 03, 2022, 06:45:23 PM |
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So, guys the thing is, do you use bitcoins as an investment or ever bought anything with bitcoins? Maybe a different approach? Do share experience with us
Most user members use bitcoin both ways, it is an investment but they also use their bitcoin to buy whatever they want or need since the number of people and businesses accepting bitcoin as a payment keeps increasing so it is not rare this is becoming more and more common. Now I have mostly used my bitcoin to buy digital goods, however there are also many members which have used their bitcoin to buy physical goods as well, and while this is not as common as we may like we are slowly approaching the time in which this will be easier and convenient to do.
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aoluain
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June 03, 2022, 06:51:04 PM |
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Like I said, I hardly spend my Bitcoin these days, and in the next few years that isn't likely to change. The potential of Bitcoin's price, is probably our undoing.
I find that extreme too and I don't want to do that. I prefer the "keep some, sell some" approach. This way my family's budget gets a most welcome boost now and then and I'm fine too, if I die tomorrow at least I've also spent some of my coins. Yea, me too. I have spent some, donated some, lost some and gambled some but predominantly saved/invested it. I think this is what is happening the most, the vast majority of people who have been into Bitcoin for at least a few years are in the HODL camp. Purchased a VPN for 20$ back in 2013. It is worth now 700$
I have an interesting take on this, If you had spent FIAT to buy the VPN then, It would be worth $700 in Bitcoin too. Bottom line is you needed the VPN, how did you get the Bitcoin?
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FatFork
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June 03, 2022, 07:41:07 PM |
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As I said before, Bitcoin is just money, so I am doing a little bit of both. It’s money that can be used to buy anything at any time. I also bought some and sold some. But I also bought some coins as an investment, for sure, because I know that they have future value.
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