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Author Topic: Are You Spending Bitcoin?  (Read 8125 times)
silversmith
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August 27, 2014, 09:17:05 PM
 #101

I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
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ANONYMIZE YOUR BITCOIN: BITLAUNDER.COM


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August 31, 2014, 06:25:57 PM
 #102

and how many did you buy so far?  Cheesy

** ANONYMIZE BITCOINS ** https://www.BitLaunder.com/?aid=42
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September 01, 2014, 09:33:10 AM
 #103

No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me...  Huh

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Barnabe
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September 01, 2014, 09:39:27 AM
 #104

I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.
By using Bitcoin in online shopping for instance, you'll increase their potential value.
Try using them as much as you can.
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September 01, 2014, 02:03:35 PM
 #105

No, I am not spending my time in bitcoin - how to work with bitcoin?, what is bitcoin?, what i do in bitcoin, bitcoin is new for me...  Huh
learn about bitcoins bro,collect the coin and spend the coin haha Grin

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September 01, 2014, 02:09:47 PM
 #106

Do I spend?

Yes. It's meant to be spent sooner or later. It's a currency.

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September 01, 2014, 02:10:50 PM
 #107

I've not spent any yet because I don't have many, but I plan to save them for a couple of years and see where they're at then.

I've never spent a bitcoin. I'm only buying them. I plan to hold them for 30+ years. I'll spend them in retirement.

Wow, you are optimistic and thinking far ahead.
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September 01, 2014, 03:46:53 PM
 #108

Most of the time I hoard bitcoins and spend them when the prices rise.

I will wait for long.
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# Free market


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September 01, 2014, 03:48:41 PM
 #109

At the moment I spend as little as possible , and keep my btc in a  cold wallet  .
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September 01, 2014, 07:25:02 PM
 #110


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September 02, 2014, 07:32:29 AM
 #111

Is gambling considered as spending bitcoin? Well yes I do then.  Grin
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September 02, 2014, 07:38:10 AM
 #112

I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)

Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.

I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.

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Fabrizio89
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September 02, 2014, 07:45:14 AM
 #113

Of course, I spend them when I feel a bear phase is coming though, so I can buy them again later.

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KuromaYoichi
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September 02, 2014, 07:47:08 AM
 #114

i always use it to buy humble bundle

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Timetwister
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September 02, 2014, 01:43:59 PM
 #115

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What's wrong with that? Money just changes hands, from the customer to another one that buys them from the store. Even if it was destroyed, it would just make the rest of the supply more valuable. Being able to use bitcoins in as many places as possible, and as easy as possible, is what makes it valuable. If everyone just kept their coins, its purchasing power would plummet.
X7
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September 02, 2014, 02:22:52 PM
 #116

I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?

Yes of course I spend my Bitcoin. I like the idea of this wonderful currency a lot and I want to spread it even further! I think it is very important to do this! It is true that most companies may sell the BTC directly via BitPay or some other payment processor, yet, there are most likely big whales who buy those BTC instantly, because they're supposed to have contracts with those payment processors, as far as I know. So there's not much pressure on the markets (maybe only a slightly more limited demand)

Actually, I think the bitpay model of instantly converting to fiat is good for bitcoin. It adds liquidity to the market.

I might also argue that this is exactly what bitcoin is intended for... to be used as a means of transferring wealth. NOT as a store of value. It should not matter if bitcoin is $10 or $10,000. It's usefulness and desirability don't rely on its fiat value, but rather on the features that differentiate it from other forms of currency.

Though you state some good points, I would have to disagree on it NOT being a long term store of value.

Helping to create the world's first loving economy, not something based on fear or greed. Principles of love, abundance, consistency, automation, decentralisation, open source, economic multifunctionality. Scientific analysis will be uploaded to my site shortly for peer review.
clickhero
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September 02, 2014, 02:27:04 PM
 #117

I haven't spent my bitcoins but I plan to buy something with them the next year.

LetsTalkBitcoin.com/?ref=04b8358f --->0,05btc/week
tocoolforschool
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September 02, 2014, 02:33:20 PM
 #118

I just bought 3 BTC from some one via IRC and I intend to buy sold gold and a cassacius coin. I can't spell it haha. I have been on a bitcoin break for a few months but I am back and want a coin!
BitcoinBadger
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September 02, 2014, 02:57:13 PM
 #119

I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

It raises an interesting point that if we spend Bitcoin to buy stuff, the companies will most likely sell the BTC pretty quickly.

What do you think?

Will shopping with Bitcoin be good or bad for the price of BTC?
People are more likely to hold and collect bitcoin rather than spending into shopping
Skrillex
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September 02, 2014, 05:17:20 PM
 #120

People will spend their Bitcoin when it goes higher, so you don't feel like you are wasting money. We need whales to help us with this.
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