silversmith
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August 27, 2014, 09:17:05 PM |
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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
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August 31, 2014, 06:25:57 PM |
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and how many did you buy so far?
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juansamsel
Newbie
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Activity: 2
Merit: 0
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September 01, 2014, 09:33:10 AM |
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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...
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Barnabe
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September 01, 2014, 09:39:27 AM |
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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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pajrinn
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September 01, 2014, 02:03:35 PM |
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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
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pandalion98
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September 01, 2014, 02:09:47 PM |
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Do I spend?
Yes. It's meant to be spent sooner or later. It's a currency.
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JJB
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September 01, 2014, 02:10:50 PM |
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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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EndlessStory
Member
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Activity: 66
Merit: 10
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September 01, 2014, 03:46:53 PM |
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Most of the time I hoard bitcoins and spend them when the prices rise.
I will wait for long.
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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September 01, 2014, 03:48:41 PM |
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At the moment I spend as little as possible , and keep my btc in a cold wallet .
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X7
Legendary
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Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
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September 01, 2014, 07:25:02 PM |
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For what shall it profit a man, if he shall gain the world, and lose his own soul?
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Bobblehead Pete
Member
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Activity: 112
Merit: 10
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September 02, 2014, 07:32:29 AM |
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Is gambling considered as spending bitcoin? Well yes I do then.
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suryc
Sr. Member
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Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
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September 02, 2014, 07:38:10 AM |
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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 |
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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
Sr. Member
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Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
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September 02, 2014, 07:47:08 AM |
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i always use it to buy humble bundle
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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September 02, 2014, 01:43:59 PM |
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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.
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X7
Legendary
Offline
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
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September 02, 2014, 02:22:52 PM |
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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.
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For what shall it profit a man, if he shall gain the world, and lose his own soul?
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clickhero
Newbie
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Activity: 14
Merit: 0
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September 02, 2014, 02:27:04 PM |
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I haven't spent my bitcoins but I plan to buy something with them the next year.
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tocoolforschool
Newbie
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Activity: 44
Merit: 0
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September 02, 2014, 02:33:20 PM |
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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!
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BitcoinBadger
Member
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Activity: 111
Merit: 10
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September 02, 2014, 02:57:13 PM |
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People are more likely to hold and collect bitcoin rather than spending into shopping
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Skrillex
Member
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Activity: 84
Merit: 10
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September 02, 2014, 05:17:20 PM |
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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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