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Author Topic: Bought anything with btc?  (Read 529 times)
Kakmakr
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June 04, 2022, 07:13:07 AM
 #61

I buy food at local food vendors every day with Bitcoin (BTC) ...because I made a decision to use a 80/20 strategy to support Bitcoin as a currency. So for those that does not know what a 80/20 strategy is... here is a short explanation ==> When you buy any bitcoins... split it into 2 wallets... one for spending (20%) and one for hoarding (80%)  Wink

If all of us do that .... retailers / merchants / shops will continue accepting Bitcoin (BTC) as a payment option (Currency) and that will give Bitcoin some utility. (I just use my food budget for this.. but I change it to BTC)  Wink

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Henrobakkara
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June 04, 2022, 12:44:56 PM
 #62

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
Bitcoin is what I hold for a long time. Bitcoin may have grown a lot earlier, but I didn't sell bitcoin.Everyone then said that Bitcoin would soon be worth a million dollars. But after various news, Bitcoin did the opposite.Now the bitcoin market has come down a lot.In a market where I'm holding my bitcoin, I'm not spending anything.
You are doing the right thing when it comes to you still HODLing your Bitcoin, the market will come back around but as for spending Bitcoin, I haven't really spent my Bitcoin on purchasing anything but I hope someday I would love to do this but also, unfortunately, not many retailers/merchants accepts this mode of payments in my location.
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June 04, 2022, 12:56:59 PM
 #63

I buy food at local food vendors every day with Bitcoin (BTC) ...because I made a decision to use a 80/20 strategy to support Bitcoin as a currency. So for those that does not know what a 80/20 strategy is... here is a short explanation ==> When you buy any bitcoins... split it into 2 wallets... one for spending (20%) and one for hoarding (80%)  Wink

If all of us do that .... retailers / merchants / shops will continue accepting Bitcoin (BTC) as a payment option (Currency) and that will give Bitcoin some utility. (I just use my food budget for this.. but I change it to BTC)  Wink
Of course, it's great when you can buy food for bitcoin. In my country, as in many others, this is officially impossible. But what prevents us from interacting peer to peer, right? Tell us briefly what products do you buy with bitcoin and do you buy it from individual persons?

In general, I like your strategy of behavior, because I also believe that bitcoin should be used as a currency and circulate between people. After all, that's what it was made for. If everyone spends at least 20% of bitcoin like you and looks for ways to pay / accept payment in bitcoin, this will undoubtedly push the process of mass adoption very much.

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pawanjain
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June 04, 2022, 02:04:18 PM
 #64

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

Leaning more towards the investment side I have also spent bitcoin whenever I have got the opportunity.
Last year I bought a website domain with bitcoin and the year before that I bought a bitcoin magazine with bitcoin.
I remember making a post about it (link below). But for the most part, I prefer using bitcoin as an investment option.

post link : https://bitcointalk.org/index.php?topic=5302282

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June 04, 2022, 02:45:32 PM
 #65

actually i can't buy anything with bitcoin because payment using bitcoin is prohibited. But for some services like Domain I have bought it using Bitcoin, it was my first transaction using bitcoin.
There are no other transactions that use bitcoin, Bitcoin is only used as an investment tool or as a commodity asset.

R


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June 04, 2022, 09:53:23 PM
 #66

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=5401052.0

and 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.
On some countries they also allow crypto but only for investment purposes and not as a currency, but how come? Till now I am still puzzled about this law. It was actually risky if people use cryptos as a means of asset because it's too volatile. If they hate crypto then why can't they just ban it totally? But anyway that was still better, at least people can still use it the other way. You can still use your crypto online right? But nice story on your other thread.

Congrats for that safe delivery of your wife. For me, the only thing that I bought with my btc is internet data. It was bitrefill, the site that I use. I am also willing to use my btc offline but so far no stores accept btc here.

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