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Author Topic: Who actually spend bitcoins ? and for what ?  (Read 4076 times)
californiaquail (OP)
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August 29, 2014, 12:14:38 AM
 #1

I read a lot here and there about Crypto as currencies, bitcoin as currency and how it might change the way people do business etc... I see a lot of great innovations recently like nxt, qtl, stealth coins and so on...

But i have the feeling people are holding to their coins, or trading them in hope for profit, and dont actually consider buying anything with it, not to mention it's really hard to get some coins today.
No one wants to be the guy who spent $1 000 000 on a slice of pizza.

How do you think bitcoin & cryptos will bring value to traditional /e-commerce, how can it grow mainstream if evryone holds in hope for the 100000$ bitcoin ?
What do you think people would be ready to risk spending their bitcoins for ?



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August 29, 2014, 12:20:52 AM
 #2

I for one try to spend my bitcoins as frequently as possible. I can just buy more when I need them.  After my first experience booking a hotel with Expedia I don't ever want to use my Visa again.  It was so easy.  Granted it isn't easy to spend bitcoins day to day, but I try to seek out bitcoin accepting  businesses when possible.  Maybe I am a minority.
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August 29, 2014, 12:21:43 AM
 #3

What do you think people would be ready to risk spending their bitcoins for ?

Hey, you can rebuy Bitcoins anytime. For some goods, like ASIC miners, you can only buy with Bitcoins  Smiley
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August 29, 2014, 04:01:16 AM
 #4

I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin.  I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas).

Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it.
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August 29, 2014, 04:05:23 AM
 #5

I use it to rent my hotel room with expedia.. THere are tons of ways to use bitcoin now. and its easy to replace them too.... I have probably spent 3k in services this summer, before that the only company that got my coins was BFL and we all know how that went, lol...

We have to get into the spending bitcoin mindset too, if we dont, we wont create an economy. Its still okay to hoard, just replace your coin as soon as you spend it, like thru coinbase, they have a way to do it automatically..
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August 29, 2014, 04:18:48 AM
 #6

I was banned from this forum and I used bitcoin to remove that ban Tongue Tongue

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August 29, 2014, 04:18:53 AM
 #7

I have sold coffee beans to several people for bit coin after only being open for business a few days. I use it for hotels through expedia and buy things from Overstock. If you are worried about using up your stash you can buy an equivalent amount back for your purchases so you can support the growing economy and maintain your wallet.  

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August 30, 2014, 02:52:47 PM
 #8

With so many ways now to be able to purchase goods using bitcoins I do see more and more people using bitcoins over their current currency to make purchases. For those that wish to hold on to their bitcoins I say that is their choice, who knows maybe it will pay off for them. I tend to hold some bitcoins and have some that I spend freely when I see something I wish to purchase.
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August 30, 2014, 05:31:52 PM
 #9

People mostly spend bitcoins to buy virtual items or better get rid of Paypal chargebacks

Just my 2 cents.
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August 30, 2014, 05:45:22 PM
 #10

Yeah I use it mostly for digital right now, Like I get xbox live and other types of codes and makes it much easier for me to obtain them without showing my Identification.

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August 30, 2014, 05:47:51 PM
 #11

bought shirts, cups, pizza and software. it is a pleasure.

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August 30, 2014, 05:49:38 PM
 #12

I'm not spending much of the btc I have because they will grow in value but I have bought many little things with them (keys etc).

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August 30, 2014, 05:50:39 PM
 #13

I do, all my money is in btc now, ran out of cash 6 months ago
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August 30, 2014, 05:51:12 PM
 #14

At the moment  I spend btc for buy some  electronic products , like ( pc, console, etc ...) . But in future I'd like to use them to buy everything  Smiley .
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August 30, 2014, 05:52:29 PM
 #15

Well, why not spend Bitcoin??? It's a great means of paying for things without actually registering or using your Credit Card. It really is like electronic cash. If you buy something with cash, you don't need to register, provide personal information or anything... That's what Bitcoin offers you!

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August 30, 2014, 06:11:56 PM
 #16

I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin.  I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas).

Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it.
I would not be surprised if many people are like this. There are a lot of people who have a vested interest in seeing bitcoin succeed and they will likely direct their business to people/businesses who accept bitcoin and make such fact known (and subsequently repurchase an equal amount of bitcoin on an exchange). It would be a win for everyone, the bitcoin user would have a greater chance that bitcoin succeed, and potentially receive some kind of discount for paying in bitcoin, the merchant would benefit from higher sales and would likely realize that they have zero charge back costs and the cost of processing the payments are much lower.
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August 30, 2014, 06:25:44 PM
 #17

I already spent some Bitcoin, of course! I bought some ASICMiner USB Miners with them back in 2013 of course. It was mainly to become familiar with mining and have some hands-on experience. Of course I didn't make a fortune with them, though Cheesy

I should have gotten into Bitcoin back in 1992...
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August 30, 2014, 06:42:30 PM
 #18

Just bought my latest computer directly from www.dell.com for 5.86727188 BTC!

Specs:

Code:
Dell Precision M6800 BTX Base   Friday, September 05, 2014

210-AAYH   1   Dell Precision M6800 BTX Base
370-AAUT   1   16GB (4x4GB) 1600MHz DDR3L
580-AAFH   1   Internal English Backlit Dual Pointing Keyboard
490-BBKU   1   NVIDIA Quadro K3100M w/4GB GDDR5
555-BBMK   1   Dell Wireless 7260 Driver
400-AAYK   1   1TB 5400 rpm SATA Hybrid Hard Drive with 8GB Cache
619-ADLN   1   Windows 7 Professional English 64bit (Includes Windows 8 Pro license and media)
570-AADK   1   No Mouse
429-AAHU   1   8X DVD+/-RW Drive Slot Load
555-BBHI   1   Intel Dual Band Wireless-AC 7260 802.11ac/a/b/g/n 2x2 + Bluetooth 4.0 LE Half Mini Card
330-1838   1   6-Foot, 3-Pin Power Cord,Mobile Precision, US
340-AAMK   1   English and French Shipping Docs
632-BBBO   1   Camera Software Application for Win7
937-1599   1   ProSupport: Next Business Day Limited Onsite Service After Remote Diagnosis Initial Year
937-1810   1   ProSupport: 7x24 Technical Support, 2 Year Extended
937-1175   1   Dell Limited Hardware Warranty Plus Service Initial Year
937-1609   1   ProSupport: Next Business Day Limited Onsite Service After Remote Diagnosis 2 Year Extended
937-1177   1   Dell Limited Hardware Warranty Plus Service Extended Year(s)
937-1807   1   ProSupport: 7x24 Technical Support, Initial
631-AADW   1   Intel vPro Technology Enabled
430-XYGW   1   Dell Precision M6800 Resource DVD
401-AADF   1   No Additional Hard Drive
346-BBEO   1   Smart Card Reader (Contact Only, No Contactless Smart Card Reader) and No Fingerprint Reader Palmrest
340-AASE   1   No Quick-Reference Guideline
346-BBHS   1   No RFID Label
332-1286   1   Non-Canada Orders only
451-BBDJ   1   9-cell (97Wh) Lithium Ion battery with ExpressCharge
451-BBFM   1   No additional battery
556-BBDZ   1   No Mobile Broadband
329-BBVS   1   Smartcard Reader Base for Windows 8
387-BBDP   1   Dell Energy Star 5.2
338-BCPQ   1   Intel Core i7-4800MQ Processor (Quad Core, 6M Cache, 2.7 GHz, w/HD Graphics 4600)
954-3465   1   No DDPE Encryption Software
401-AADF   1   No Additional Hard Drive
389-BCDK   1   GCC SPL only
320-BBDL   1   no WiGig HD+/FHD back cover
319-BBBS   1   Integrated Camera, Microphone bezel
730-8377   1   Fixed Hardware Configuration
461-AABV   1   No Accessories
429-AABU   1   PowerDVD Software not included
401-AACS   1   2nd 2.5 inch 500GB Solid State Hybrid Drive
389-BCVT   1   Dell Precision M6800 Regulatory label for Non-Touch Screen
338-BCMI   1   Intel Core i7 vPro Processor Label
391-BBGI   1   44cm (17.3") UltraSharp FHD(1920x1080) Wide View Anti-Glare LED-backlit Premium Panel Guarantee
630-AABE   1   Microsoft Office Home and Business 2013, OptiPlex, Precision, Latitude
340-ADFZ   1   Dell Power Manager
421-9982   1   Thank you for buying Dell
422-0007   1   Dell Data Protection Security Tools Digital Delivery/NB
640-BBDG   1   Adobe Reader 11
640-BBES   1   Dell Precision Optimizer
640-BBEU   1   Dell Data Protection | Protected Workspace
640-BBHQ   1   Not Selected in this Configuration
640-BBJE   1   Client System Update,Dell Precision M6800
658-BBLB   1   Dell Applications for Windows
658-BBRB   1   Waves Maxx Audio
780-BBFE   1   No RAID
650-AAHI   1   No Security Software
450-AATG   1   240W AC Adapter
340-ADSN   1   Dell Precision Ship Material
340-AFCW   1   Shipping Material,BWN,Dell Precision M6800
620-AACT   1   Windows 8 Home/PRO (64Bit) DVD
637-AAAD   1   Dell Backup and Recovery Basic
800-BBGN   1   Smart Selection Shipment (EL)


Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
umair127
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August 30, 2014, 06:50:01 PM
 #19

Just bought my latest computer directly from www.dell.com for 5.86727188 BTC!

Specs:

Code:
Dell Precision M6800 BTX Base   Friday, September 05, 2014

210-AAYH   1   Dell Precision M6800 BTX Base
370-AAUT   1   16GB (4x4GB) 1600MHz DDR3L
580-AAFH   1   Internal English Backlit Dual Pointing Keyboard
490-BBKU   1   NVIDIA Quadro K3100M w/4GB GDDR5
555-BBMK   1   Dell Wireless 7260 Driver
400-AAYK   1   1TB 5400 rpm SATA Hybrid Hard Drive with 8GB Cache
619-ADLN   1   Windows 7 Professional English 64bit (Includes Windows 8 Pro license and media)
570-AADK   1   No Mouse
429-AAHU   1   8X DVD+/-RW Drive Slot Load
555-BBHI   1   Intel Dual Band Wireless-AC 7260 802.11ac/a/b/g/n 2x2 + Bluetooth 4.0 LE Half Mini Card
330-1838   1   6-Foot, 3-Pin Power Cord,Mobile Precision, US
340-AAMK   1   English and French Shipping Docs
632-BBBO   1   Camera Software Application for Win7
937-1599   1   ProSupport: Next Business Day Limited Onsite Service After Remote Diagnosis Initial Year
937-1810   1   ProSupport: 7x24 Technical Support, 2 Year Extended
937-1175   1   Dell Limited Hardware Warranty Plus Service Initial Year
937-1609   1   ProSupport: Next Business Day Limited Onsite Service After Remote Diagnosis 2 Year Extended
937-1177   1   Dell Limited Hardware Warranty Plus Service Extended Year(s)
937-1807   1   ProSupport: 7x24 Technical Support, Initial
631-AADW   1   Intel vPro Technology Enabled
430-XYGW   1   Dell Precision M6800 Resource DVD
401-AADF   1   No Additional Hard Drive
346-BBEO   1   Smart Card Reader (Contact Only, No Contactless Smart Card Reader) and No Fingerprint Reader Palmrest
340-AASE   1   No Quick-Reference Guideline
346-BBHS   1   No RFID Label
332-1286   1   Non-Canada Orders only
451-BBDJ   1   9-cell (97Wh) Lithium Ion battery with ExpressCharge
451-BBFM   1   No additional battery
556-BBDZ   1   No Mobile Broadband
329-BBVS   1   Smartcard Reader Base for Windows 8
387-BBDP   1   Dell Energy Star 5.2
338-BCPQ   1   Intel Core i7-4800MQ Processor (Quad Core, 6M Cache, 2.7 GHz, w/HD Graphics 4600)
954-3465   1   No DDPE Encryption Software
401-AADF   1   No Additional Hard Drive
389-BCDK   1   GCC SPL only
320-BBDL   1   no WiGig HD+/FHD back cover
319-BBBS   1   Integrated Camera, Microphone bezel
730-8377   1   Fixed Hardware Configuration
461-AABV   1   No Accessories
429-AABU   1   PowerDVD Software not included
401-AACS   1   2nd 2.5 inch 500GB Solid State Hybrid Drive
389-BCVT   1   Dell Precision M6800 Regulatory label for Non-Touch Screen
338-BCMI   1   Intel Core i7 vPro Processor Label
391-BBGI   1   44cm (17.3") UltraSharp FHD(1920x1080) Wide View Anti-Glare LED-backlit Premium Panel Guarantee
630-AABE   1   Microsoft Office Home and Business 2013, OptiPlex, Precision, Latitude
340-ADFZ   1   Dell Power Manager
421-9982   1   Thank you for buying Dell
422-0007   1   Dell Data Protection Security Tools Digital Delivery/NB
640-BBDG   1   Adobe Reader 11
640-BBES   1   Dell Precision Optimizer
640-BBEU   1   Dell Data Protection | Protected Workspace
640-BBHQ   1   Not Selected in this Configuration
640-BBJE   1   Client System Update,Dell Precision M6800
658-BBLB   1   Dell Applications for Windows
658-BBRB   1   Waves Maxx Audio
780-BBFE   1   No RAID
650-AAHI   1   No Security Software
450-AATG   1   240W AC Adapter
340-ADSN   1   Dell Precision Ship Material
340-AFCW   1   Shipping Material,BWN,Dell Precision M6800
620-AACT   1   Windows 8 Home/PRO (64Bit) DVD
637-AAAD   1   Dell Backup and Recovery Basic
800-BBGN   1   Smart Selection Shipment (EL)



What a nice order, I had made an order at newegg for some pc fan parts and video cards but thats about it, mostly use my btc for digital items and oh I pay my domain name as well with btc

Timetwister
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September 02, 2014, 02:26:24 PM
 #20

I read a lot here and there about Crypto as currencies, bitcoin as currency and how it might change the way people do business etc... I see a lot of great innovations recently like nxt, qtl, stealth coins and so on...

But i have the feeling people are holding to their coins, or trading them in hope for profit, and dont actually consider buying anything with it, not to mention it's really hard to get some coins today.
No one wants to be the guy who spent $1 000 000 on a slice of pizza.

How do you think bitcoin & cryptos will bring value to traditional /e-commerce, how can it grow mainstream if evryone holds in hope for the 100000$ bitcoin ?
What do you think people would be ready to risk spending their bitcoins for ?




You are right, Bitcoin won't become more valuable unless it's more used. Stores will start realizing that bitcoins are much better than traditional options like credit cards and start accepting them. Also, it should be easier to use them, like it's easy to use a credit or debit card.
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