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Author Topic: What are you using bitcoins for?  (Read 21145 times)
daringdiscovered
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August 10, 2017, 01:59:37 AM
 #141

Just trading it. Not much I can do to spend/using my bitcoin in my country, unlike in U.S where you can buy food or pay something with bitcoin

It much better than storing up your bitcoin, if you know a way where you could double the amount of your bitcoin like Trading, then do it, it is like having an extra work to have more money in your pocket, though it might take some time to make profits on Trading since you are going to wait for the prices of the coins you are holding to rise up.
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August 10, 2017, 02:07:40 AM
 #142

Of course, just like what the majority do, I'm using bitcoin because I want to save some and earn some to be prepared in my future, we all know that bitcoin would be so damn high the next few years. Also because to support myself since I'm the one who is paying my own bills in school and buying my own things for my everyday living.
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August 10, 2017, 02:09:01 AM
 #143

The miners mine and hold, other mine and sell.

Investors and speculators buy, hold and sell.

You can buy random items in auctions and through the forums.

What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)

What have you used bitcoins for?

Miner
Investor
Black Market
Other - explain



Right now I'm mostly holding and doing some trading. I have used Bitcoins to buy things in the past but not lately with the price so high. My goal now is to accumulate as many Bitcoins as I can for retirement and hopefully it will help my family in the future. Eventually I will probably start to spend some after the price stabilizes more.
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August 10, 2017, 02:20:50 AM
 #144

Well as of the moments, I'm holding my bitcoins and I'm planning to invest it. Though, as for myself *knowing that I have enough Bitcoins in me* I wanted to make sure that in a time of emergency I have something to withdraw on.

Though, I already invested some of my extra earning and do engage in trading.

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August 10, 2017, 03:29:03 AM
 #145

Currently, I'm saving my bitcoin. And withdraw some of it whenever I need it. But I prefer to hold it. Right now, I dont engage myself in trading and other activities. I only have small but in enough amount of BTC in my wallet. In case I have idea and enough knowledge about trading. I would try it and take some risk.

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August 10, 2017, 04:05:01 AM
 #146

i am using Bitcoin for pay my school fees and i using Bitcoin for daily allowance or pocket money. and i be grateful can buy some goods without asking money to parents.

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August 10, 2017, 12:31:11 PM
 #147

I have many ways of using my bitcoin, I want to use as income, savings, bills payment and others just like what my paper money can do! But the best way for me is to save it for a long term used like savings in the bank because bitcoin can get more interest than regular bank savings.

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August 10, 2017, 12:42:03 PM
 #148

I have many ways of using my bitcoin, I want to use as income, savings, bills payment and others just like what my paper money can do! But the best way for me is to save it for a long term used like savings in the bank because bitcoin can get more interest than regular bank savings.

That's right even I used to spend it on paying bills in the past but now price of bitcoins is going higher so now I try to save my bitcoins for future without spending it and would prefer to spend fiat for my expenses as bitcoin will hold more value in future.
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August 10, 2017, 12:42:32 PM
 #149

I get free money from bitcoin, I just do some to get it. I use bitcoin to buy goods and roads.
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August 10, 2017, 12:45:20 PM
 #150

Im using bitcoin because im using it for my study and its helps me to support my self not only my self but also my family when it comes with finance bitcoin is really helpful to my life that is why im its been prt of my life since then bitcoin is easy to use and easy to send anywhere also it helps me to pay my bills
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August 10, 2017, 12:48:52 PM
 #151

I have many ways of using my bitcoin, I want to use as income, savings, bills payment and others just like what my paper money can do! But the best way for me is to save it for a long term used like savings in the bank because bitcoin can get more interest than regular bank savings.

That's right even I used to spend it on paying bills in the past but now price of bitcoins is going higher so now I try to save my bitcoins for future without spending it and would prefer to spend fiat for my expenses as bitcoin will hold more value in future.

I am starting to save bitcoins from now on as I do the same thing before.  Paying our bills using bitcoin since I am doing additional income through bitcoins.  It will be like a waste if i continue to pay my bills through bitcoins considering the high price of it right now and the continues rise of its price.  Though it would be a little hard for me to save some but I will try.  
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August 10, 2017, 01:14:10 PM
 #152

I use bitcoin for investment and trading, and I also often follow the new ICO coin which has good value for short term investment, my unfulfilled desire is to have cpu for meaning bitcoin
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August 10, 2017, 01:55:55 PM
 #153

I use bitcoin for investment and trading, and I also often follow the new ICO coin which has good value for short term investment, my unfulfilled desire is to have cpu for meaning bitcoin
That is great that you have a great strategy in using your bitcoin. Investment and trading are good ways to make money in bitcoin and you are doing it right because you are not depending in only one source of income and ICOs are good also for short term investment because this is one of the hypes right now.

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August 10, 2017, 02:00:17 PM
 #154

My cafe accepts payment in bitcoins, but for all time of existence of such possibility was not even a single sentence. Probably too early to talk about the possibility of another use of bitcoins. Today it is only investment and trade on the exchange.
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August 10, 2017, 02:03:04 PM
 #155

The only place where I use bitcoins is on trading sites by investing in different altcoins from where I can make some regular profits as I used to spend it on mobile top ups in the past but now I don't want to spend them and would like either to save or invest in trading.



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August 10, 2017, 02:05:50 PM
 #156

I have bitcoin just to do trading altcoin. Because, bitcoin provides an opportunity for me to make more money. It wouldn't hurt to invest in bitcoin or altcoin at this time, as many open minds about cryptocurrency.

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August 10, 2017, 02:13:45 PM
 #157

I use bitcoins for gambling, trading, shopping and other small expenses i can write off using my bitcoin debit card.
Not forgetting investment which is quite profitable both short and long run.
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August 10, 2017, 02:16:58 PM
 #158

i spend my bitcoin for the daily needs of my family and also i use bitcoin for fast transaction to pay bills like electricity internet water bills and the remaining bitcoin i save for the future investmest in trading or keep in my wallet as a savings besause i think the bitcoin in the future is very strong currency in pumping in a few months or maybe next year the bitcoin value meet the value upto 5000$.
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August 10, 2017, 02:22:36 PM
 #159

I use bitcoins for gambling, trading, shopping and other small expenses i can write off using my bitcoin debit card.
Not forgetting investment which is quite profitable both short and long run.

I think your country are open to this kind of technology or currency unlike our country. Most of the people in our country are not that fond of new technologies, well it is a third world country.
We are used in using normal tools in our works especially the farmers and agriculture ones. Yes we are adapting slowly but it is really slow, we are being left behind by other countries.
I think if we are open like this into bitcoin, I am also using it to buy things and will not be needing to convert it to fiat anymore.

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August 10, 2017, 02:27:48 PM
 #160

I don't use my bitcoins anywhere I earn it and I save it for future as I don't want to take any risk of loosing it by investing it any sites or using it in gambling as its more likely that I will loose all my bitcoins so I will prefer to play safe and sell it when price goes higher.

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