bryant.coleman
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Merit: 1217
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June 07, 2014, 02:08:49 PM |
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Hoarding is not a problem.
It means that we all agree that bitcoin is not at it's maximum profit yet. Hoarding is for people who believe that Bitcoin is more of an investment, than a currency. But then again, storing your wealth in Bitcoin can have some advantages, such as protection against inflation.  |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Ilsk
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Activity: 833
Merit: 1015
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June 07, 2014, 03:12:49 PM |
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The problem is that there are every day more people that accept bitcoin as a payment method but very few people that actually spend them.
Most of the shops that accept bitcoin have never sold something in bitcoin.
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bryant.coleman
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Merit: 1217
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June 07, 2014, 03:16:09 PM |
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The problem is that there are every day more people that accept bitcoin as a payment method but very few people that actually spend them. Most of the Bitcoiners don't know about these shops. If they are located close to some regular meeting place for the Bitcoiners, then they will see a lot more revenue (such as the Bitcoin boulevard in Cleveland). On the otherhand, if some shop in some remote rural village in West Virginia starts to accept Bitcoins, they might have to wait for a few weeks (or even a few months), to get their first coins. |
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findftp
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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June 07, 2014, 03:18:09 PM |
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The problem is that there are every day more people that accept bitcoin as a payment method but very few people that actually spend them.
Most of the shops that accept bitcoin have never sold something in bitcoin.
So even when nobody spends there are more people accepting them! That really sounds good. |
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Ilsk
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Activity: 833
Merit: 1015
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June 07, 2014, 03:43:10 PM |
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I don't spend I gamble
Because to be quite frank that's the only thing I can do with my BTC
Since I work for a gambling site I'm ok with that  , but I'm pretty sure that few years from now we all will be able to do a lot of other things with our btc |
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allthingsluxury
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Activity: 1540
Merit: 1029
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June 07, 2014, 03:50:08 PM |
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I believe it is a strong mix for most people. There is definitely a percentage being hoarded, but we still see transaction coming in on All Things Luxury, therefore some people are definitely spending.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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TheGambler
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Activity: 101
Merit: 10
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June 07, 2014, 03:53:48 PM |
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I don't spend I gamble
Because to be quite frank that's the only thing I can do with my BTC
Since I work for a gambling site I'm ok with that , but I'm pretty sure that few years from now we all will be able to do a lot of other things with our btc I hope so...not fun losing btc when you could have spent it! |
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NakedPony
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Activity: 27
Merit: 0
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June 07, 2014, 03:58:29 PM |
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started using BTC and NXT not so long ago.
mostly gamling / hyips since this sphere is wide spreaded.
+ 2 deals with soft / scripts.
Find it very useful, payments is simple and fast.
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NakedPony
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Activity: 27
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June 07, 2014, 04:13:27 PM |
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Why NXT and not any other altcoin?
Just coincidence. Got into crypto world with NXT - a friend send an article about it. Invested some money in it and started to read BTT ) heh) NXT was nothing that time (no easy to install wallet, laggy) but seemed like a good investment. Now it has nice wallet / asset exchange and fast transactions. |
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salmondance
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Activity: 40
Merit: 0
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June 07, 2014, 04:55:04 PM |
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I bought plane tickets for my gf with bitcoin! That was actually the one and only time i used my BTC.
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Ilsk
Legendary
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Activity: 833
Merit: 1015
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June 07, 2014, 05:02:55 PM |
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I bought plane tickets for my gf with bitcoin! That was actually the one and only time i used my BTC.
Where did you bought plane tickets with bitcoin? |
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RepublicSpace
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Activity: 145
Merit: 10
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June 07, 2014, 05:09:44 PM |
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Two or maybe four times in a month. Just because I don't have enough services I need acceptinp BTC.
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saif92
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June 07, 2014, 05:12:18 PM |
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I bought plane tickets for my gf with bitcoin! That was actually the one and only time i used my BTC.
Where did you bought plane tickets with bitcoin? I don't think any one selling plane tickets for btc right now if this is available then please post here link hope many members can use this service  |
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AlPutino
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Activity: 56
Merit: 0
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June 07, 2014, 06:36:50 PM |
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I bought plane tickets for my gf with bitcoin! That was actually the one and only time i used my BTC.
Where did you bought plane tickets with bitcoin? I don't think any one selling plane tickets for btc right now if this is available then please post here link hope many members can use this service I got interested in this too so i found this http://www.travelforcoins.com/it says you can simply book it through expedia.. hmm. Does it look like a scam? any thoughts? |
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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June 07, 2014, 07:36:07 PM |
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I bought plane tickets for my gf with bitcoin! That was actually the one and only time i used my BTC.
Where did you bought plane tickets with bitcoin? I don't think any one selling plane tickets for btc right now if this is available then please post here link hope many members can use this service I got interested in this too so i found this http://www.travelforcoins.com/it says you can simply book it through expedia.. hmm. Does it look like a scam? any thoughts? It's not a scam. Matt and Riley are great guys. All of their sites, travel, pizza, gifts and hotels have a very small markup compared to similar services. |
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sleepygeekygeek
Newbie
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Activity: 24
Merit: 0
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June 07, 2014, 10:45:41 PM |
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I gave a friend a BTC because he lost money in dogecoin. I felt bad because I got him into doge.. Don't leave your cryptos in an online wallet people..
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Baitty
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June 07, 2014, 10:46:14 PM |
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I invest my bitcoin to make me more bitcoin.
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Currently held as collateral by monbux
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sleepygeekygeek
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Activity: 24
Merit: 0
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June 07, 2014, 10:48:30 PM |
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There aren't any places that accept bitcoin in physical retail locations in my area. I think these next 3 years is about online adoption and after that bricks and mortar places will start to adopt
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cryptworld
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June 08, 2014, 12:12:47 AM |
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last week i bought some muffins in a coffee shop in my city |
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_Miracle
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June 08, 2014, 02:12:10 AM |
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There aren't any places that accept bitcoin in physical retail locations in my area. I think these next 3 years is about online adoption and after that bricks and mortar places will start to adopt
I use Gyft to purchase Target gift cards and many other types of cards such as Amazon. |
There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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