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Author Topic: Crypto currency purchases  (Read 273 times)
Edcrypto91 (OP)
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March 30, 2023, 06:31:38 PM
 #1

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?
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March 30, 2023, 06:38:06 PM
 #2

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?

Is bills payment is included because I use most of Bitcoin paying bills and mobile load because there’s a Bitcoin wallet platform in our country that gives extra discounts and cash back when we use Bitcoin as mode of payment. I rarely spend my Bitcoin on purchasing material things that doesn’t give me any extra benefits compared when I’m  using fiat as payment.

It’s such a waste to spend Bitcoin on things that loss it’s value overtime because Bitcoin is an investment.

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March 30, 2023, 06:48:59 PM
 #3

I like to hold Bitcoins but I purchased my smartphone with Bitcoin which was an amazing feelings to me. Actually I also spend my Bitcoin for my student life costs. It's also a good feeling to everyone and I have a dream to purchase a laptop with my Bitcoin. Hope I will be able to fulfill my dream soon.
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March 30, 2023, 06:49:11 PM
 #4

I have spent many bitcoins a few years ago (ca 2012-2013) in local shops and still think that it was very good for the Bitcoin ecosystem. It is bad for me though obviously but also I could have bought more Bitcoin then so actually I do not regret it. I hope people will also spend more bitcoins in the future, since Bitcoin is a currency and not an asset.
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March 30, 2023, 07:03:02 PM
 #5

If I were to start counting what I have purchased with Bitcoin, I might start remembering that all my journey started with Bitcoin.
My first purchase with Bitcoin was a P2P where I sent my friend BTC worth 10$ back then over a head set ear phone, which I was so much in need of. I have also made payment via BTC in a boutique where I went to grab some clothes, the option was not available, but when I purchased above what I budgeted, I asked the sales person if I could drop some BTC for a few other things that I wanted to grab. She said I should hold for her to call her boss. I gave him the offer and he accepted to not just accept payment for my other purchase but also pay for the entire purchase using BTC. It's good to see someone actually wanting to pay with Bitcoin in his shop.

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March 30, 2023, 07:11:20 PM
 #6

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?

Bitcoin and other cryptocurrencies are restricted in my country making it some how complicated to buy any product using them within the country. Although some persons have purchased good in some Bitcoin friendly nations from my country and the product was safely delivered, I have never paid for anything using Bitcoin. I have been hodling my Bitcoin investment and have no intention of selling or using them for transactions because they are my investment. I might consider using my Bitcoin for transactions if I go to a more friendly nation or my government lifts the restrictions.

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March 30, 2023, 07:15:15 PM
 #7

I buy scripts with Crypto, get paid in crypto, although too rarely.

Marketing in EN und DEES
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March 30, 2023, 10:08:26 PM
 #8

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?

Lots, PC, gadgets, laptop, Keyboard (not the keyboard for computers) Aircondition, Refrigerator, stoves, etc.  I can't recall how much BTC I spent in total since I have been using Bitcoin to purchase and pay for stuff since 2015 until today.  I already adopted Bitcoin as a mode of payment and keep on using it for payment mode.  I believe, aside from holding, it is best to spend Bitcoin in order to fuel its economic growth.

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March 30, 2023, 10:38:02 PM
 #9

Have not purchased any physical thing that I can remember with Bitcoin.. but I have used Bitcoin earning and gain from different sets of work to add up little money which I have saved up to get my self a new PC..
So I can't generally say I purchased something with Bitcoin, but it helped me complete my little fait holding to purchase something I was really in need of.

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March 30, 2023, 10:58:53 PM
 #10

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?
Would have been more interesting if you added the year this purchase happened, 0.029 btc in this current price is about $800, though I don't know the type of Mac you bought or the region where you bought it from, but that's a bit pricey though.

For me, my last bitcoin purchase transaction was last year(2022) around June or so, I spent about $650 in bitcoin to purchase a motor bike, right now, I can't really remember what was the price of bitcoin at that time, or how much Bitcoin was worth $650 at the time, but then, this was the last thing I bought with full payment in bitcoin..

I am hoping to spend some bitcoin on some purchases again soon though.

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March 30, 2023, 11:19:41 PM
 #11

Lots of my things i've bought using bitcoin or with bitcoin or funds from bitcoin converted to fiat. Both physical and digital. The last time i bought a bit expensive was 2019 that was a laptop (acer i7 7th gen), well, that's few years ago already. Then just last month a digital items like steam wallet, domains related items and other inexpensive stuffs since i have my priorities than for my self already.

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March 30, 2023, 11:23:36 PM
 #12

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?
Many things but it has to be converted by the third-party service that online shop I used to shop with. But I guess the main and important thing is to pay bitcoin with every purchase right? So it doesn't matter if they convert it to fiat automatically upon purchase as long as the transaction goes through. IIRC, most purchases that I make with bitcoin weren't that expensive, they usually go around converted in fiat from $10-$100 and those things that I shop online are only the necessary things. It's convenient since it's allowed by the shop that I usually go to online and I'll just have to wait within a few days and the package will arrive.  Cool
Yeah, the quantity may be a lot before the bull run but that's the purpose of bitcoin, it's for paying stuff so don't forget to treat yourself while holding a lot.

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March 31, 2023, 02:00:54 AM
 #13

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?

     Right now, I'm not at that point yet, instead I'm currently in the process of saving bitcoin because I'm really preparing for the bitcoin halving so I can experience the feeling that the value of my savings will grow high in the future and I can really see if Why is it more than a bank?

    This is what crypto enthusiasts often say here in the field of crypto space. Something that I also believe honestly speaking that's why I am applying for DCA also with this belief of mine.

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March 31, 2023, 02:13:57 AM
 #14

bitcoin is a digital currency and of course there is nothing wrong if we use it for payment and if anyone can accept payments using btc.
I personally prefer to sell bitcoin on an exchange and be able to buy something with fiat currency, so basically I prefer bitcoin to be used as an investment asset and when there is profit, I always sell my btc on an exchange and melt it into fiat currency.
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March 31, 2023, 02:45:49 AM
 #15

I have spent many bitcoins a few years ago (ca 2012-2013) in local shops and still think that it was very good for the Bitcoin ecosystem. It is bad for me though obviously but also I could have bought more Bitcoin then so actually I do not regret it. I hope people will also spend more bitcoins in the future, since Bitcoin is a currency and not an asset.

Although bitcoin is being seen as an investment instrument rather than a means of payment, if in the future it becomes more popular and accepted by businesses, its use as a means of payment will also become popular. People don't want to spend their bitcoin right now because everyone has the desire to get rich, so there's no blame on them. But when they make a profit or bitcoin reaches a stable price, people will also spend their bitcoin. Bitcoin will remain a currency in the future.

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March 31, 2023, 03:14:53 AM
 #16

Good day guys .
With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?
It is a difficult question to answer as I have not kept track of every single transaction that I have made and I do not know how much bitcoin I have spent over the years, however I have bought all kind of things which range from software, books, electronics and I have paid for several services with bitcoin too.

Basically even if make an effort to try to hold my bitcoin for as long as possible, at the same time it is not as if I am against the idea of using my bitcoin when I need it.
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March 31, 2023, 03:25:27 AM
 #17

bitcoin is a digital currency and of course there is nothing wrong if we use it for payment and if anyone can accept payments using btc.
I personally prefer to sell bitcoin on an exchange and be able to buy something with fiat currency, so basically I prefer bitcoin to be used as an investment asset and when there is profit, I always sell my btc on an exchange and melt it into fiat currency.
so I'm not sure around you there are providers of services and goods that do accept payments with Bitcoin. therefore you will more often sell your Bitcoin for Fiat which can be traded easily.
but for some countries that have legalized Bitcoin as a means of payment, there are quite a few service providers and goods available. they can use Bitcoin for transactions, and it will be more fun because they buy without having to sell their Bitcoin and withdraw fiat first before making purchases of goods and services.



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March 31, 2023, 03:39:17 AM
 #18

Nice to see people actually using Bitcoin for everyday purchases. I am sure everyone that holds or owns bitcoin, at one point of their life, made a purchase using bitcoin or other crypto currencies. I have bought some stuffs online with bitcoin. Most of them were digital goods, and the price of those stuffs weren't too much. If you consider indirect purchases, then yes, I have purchased a lot of gift cards to buy things through Amazon, ebay or other stores. I also booked hotels few times using bitcoin.

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March 31, 2023, 07:38:03 AM
 #19

bitcoin is a digital currency and of course there is nothing wrong if we use it for payment and if anyone can accept payments using btc.
I personally prefer to sell bitcoin on an exchange and be able to buy something with fiat currency, so basically I prefer bitcoin to be used as an investment asset and when there is profit, I always sell my btc on an exchange and melt it into fiat currency.
so I'm not sure around you there are providers of services and goods that do accept payments with Bitcoin. therefore you will more often sell your Bitcoin for Fiat which can be traded easily.
but for some countries that have legalized Bitcoin as a means of payment, there are quite a few service providers and goods available. they can use Bitcoin for transactions, and it will be more fun because they buy without having to sell their Bitcoin and withdraw fiat first before making purchases of goods and services.
from several countries that have legalized bitcoin, not everything goes smoothly, for those who are old it is difficult to keep up with the times. and we know that for countries that legalize it, most of them are from countries that are experiencing economic difficulties, but at least for countries that have legalized it, of course there will be more people who have bitcoin, and when bitcoin experiences a pump, this can help the economy, regardless of how to use bitcoin to buy something

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March 31, 2023, 08:16:34 AM
 #20

the first time i used crypto as mode of payment was when i was paying for the internet bill. the second time was when i purchased a hard drive, I wasn't really planning on paying through bitcoin that time but i didn't have any other option coz i also didn't have paypal account. luckily they accepted it as an option, but even until now i'm still regretting why i did that. i think the bitcoin i spent was around 0.15 or 0.1 something. during those times i keep regretting my decision but i just console my self for using bitcoin as what it was intended, but it's still leaving a bitter taste on my mouth hihihi.
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