Are You Spending Bitcoin?

[silversmith]

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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[blablaace]

and how many did you buy so far? 

[juansamsel]

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... 

[Barnabe]

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.

[pajrinn]

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... 

learn about bitcoins bro,collect the coin and spend the coin haha

[pandalion98]

Do I spend?

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

[JJB]

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.

[EndlessStory]

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

I will wait for long.

[redsn0w]

At the moment I spend as little as possible , and keep my btc in a  cold wallet  .

[X7]

[Bobblehead Pete]

Is gambling considered as spending bitcoin? Well yes I do then. 

[suryc]

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.

[Fabrizio89]

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

[KuromaYoichi]

i always use it to buy humble bundle

[Timetwister]

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]

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.

[clickhero]

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

[tocoolforschool]

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]

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]

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.