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Author Topic: Are You Spending Bitcoin?  (Read 8195 times)
weerab11
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August 11, 2014, 05:21:00 AM
 #41

It all goes back into rotation of bit coins i wouldn't worry.

Bit-coins have reinvented the way we pay Tongue
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Dogtanian
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August 11, 2014, 06:34:51 AM
 #42

I;m not currently spending bitcoin as I believe in them as a currency and think their use is only going to grow, so am saving them as an investment. I can't wait to spend them and see what I can get for my money though.
Dacm4n
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August 11, 2014, 06:41:57 AM
 #43

I spend them all the time, I prefer using Bitcoin over a credit or debit card.

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August 11, 2014, 06:42:50 AM
 #44

I always spend/donate some bitcoin.

Beginning from q1 2014 it became my main payment solution.
Mr Tea
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August 11, 2014, 06:45:42 AM
 #45

I;m not currently spending bitcoin as I believe in them as a currency and think their use is only going to grow, so am saving them as an investment. I can't wait to spend them and see what I can get for my money though.

I think that's a wise idea and I'd like to do that too (though I don't have much at the minute) as I'm sure it's only a matter of time before we see quite a hefty price rise again, so holding on to coins for a while could be a good investement.

Argwai96
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August 11, 2014, 06:47:45 AM
 #46

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?

This is a commonly held view, but it's not so simple. We can't so easily gauge off-exchange demand. I suspect processors like Bitpay and Coinbase only sell on the exchanges when it is profitable for them to do so. And I don't think that they usually dump all coins they process on exchanges -- not at all -- so I am not sure how much it depresses price.
MrCrabs
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August 11, 2014, 07:29:46 AM
 #47

Spend Bitcoin at every opportunity you get and replace it immediately. That helps to get it into the system and gives it more value.
 Smiley
xdominating
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August 11, 2014, 07:53:04 AM
 #48

im new on this, but if i must have spend my bitcoin, i want to buy some stuff for my necessities of life, like food;clothes;bill etc.

survive number one, fun number two. thats my rule  Grin

movelikejagger
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August 11, 2014, 07:56:06 AM
 #49

I spend them all the time, I prefer using Bitcoin over a credit or debit card.
Where usually do you spend btc? On which resources?
blablaace
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August 11, 2014, 07:57:46 AM
 #50

i dont know why people compalin about spending btc on food etc..

btc circle..just like real money

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tss
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August 11, 2014, 08:29:40 AM
 #51

idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc
Spearmint
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August 11, 2014, 10:31:14 AM
 #52

If i can i will use them 100%

MakeBelieve
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August 11, 2014, 10:32:14 AM
 #53

idiots wth very bad math skills.  ignoring inflation, everytime you make money with btc, someone loses it and vice versa.  same applies to buying/mining and selling with btc

So? if no one trades at all no one is losing or gaining? What are you talking about?

On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
Hiraga
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August 11, 2014, 10:35:04 AM
 #54

Spending bitcoins for altcoins, they may be the biggest BTC merchants.

will_see
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August 11, 2014, 10:47:19 AM
 #55

I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC
MakeBelieve
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August 11, 2014, 10:49:57 AM
 #56

I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC

That's what we are all hoping for but it's very likely to happen for most companies since Dell have opened their doors they have been making a great profit I think other companies need to jump on it and accept Bitcoin.

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2double0
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August 11, 2014, 11:51:46 AM
 #57

I bought a dell not long ago when they accepted it!! Yay

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Rampton
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August 11, 2014, 11:55:53 AM
 #58

I haven't spent any of my coins yet, but I'm itching to. I just can't bring myself to spend any at the moment when the coins were worth double what they are at the moment.

I hope that in a few years a half of all e-merchants would make a possibility to pay with BTC

I sure hope you're right. The benefits to them as merchants are many compared to credit cards and paypal etc.

tatu
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August 11, 2014, 12:11:46 PM
 #59

I've spent a little amount. I gambled a little, topped up my phone and bought a few takeaways, but I'm more inclined to join the hoddlers now and see where bitcoin goes.
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August 11, 2014, 12:15:59 PM
 #60

spending or holding?

the crazy thing is : you can do both Grin

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