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Author Topic: What are you using bitcoins for?  (Read 21288 times)
romec1701
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September 22, 2017, 10:14:28 PM
 #681

I buy as a long term investment. I put in what i can afford hen I can afford and buy the dips. Hopefully I can retire off it (when its worth 50k each!)

It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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icecream sandwich
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September 22, 2017, 10:38:32 PM
 #682

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



I'm using bitcoin as a source of income. Because I'm still a student who are still depending on my parents when it becomes to financial situation. But thats way back then.,  today with thw help of bitcoins it allows me to somehow have a job to do in order to have an income. And I'm using those profits to sustain my daily need in school. I'm also helping my parent to become financially stable. Amd also I'm saving some of my profits as a form of lomg term investment because we all know that bitcoins value is rising.
Fireblade
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September 22, 2017, 10:41:46 PM
Last edit: September 24, 2017, 12:25:38 AM by Fireblade
 #683

I use my bitcoins for my daily expenses. Whenever I gain bitcoin from my signature campaigns, I keep them and hold them as long as I can. I just convert it to fiat money whenever I really need money. I was able to provide for my family, buy a lot of things that I need, and save a lot of money because of bitcoin.
you are lucky if you can use bitcoin for your daily expenses, to me i can only use it for trading and investment purposes. in fact in my area still the users of bitcoin are not too much therefore most of the shopkeepers are not accepting bitcoin. i am sure that when bitcoin users will increase in my are then we will also be able to start using bitcoin for shopping and other purposes.
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September 22, 2017, 11:02:49 PM
 #684

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


bitcoin I use for long-term investment that I certainly buy assets assets whose value from year to year will increase the selling price

Tukang Becak
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September 22, 2017, 11:37:17 PM
 #685

I do not use bitcoin but I save it for my future. Because I believe in the future bitcoin can be very useful for my child and some of my sodara. I do not want to sell it now but I hold it for some time to come
Good choice, bitcoin is a future investment so we better keep as long as possible. today's bitcoin prices are so cheap that we better buy as much as we can and rest assured next year the price will reach $ 10,000.
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September 23, 2017, 04:43:39 AM
 #686

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



Actually sir I do not use my bitcoins for any other stuff right now. I would rather hold it for future purposes. We all know that there are many bitcoin users that are holding bitcoin with the same reason knowig the fact that bitcoin price is unstable and continuously rising.

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September 23, 2017, 05:14:08 AM
 #687

I have some bitcoins.  Currently i am not using as an investment.  Because at this stage i need money for day to day life and to look out for my family.  So i earn bitcoin.  O convert it in rupees and use it for normal life.  But i have a plan for future purpose that after passing this struggle i will hold bitcoin  and invest it.  It may take few months.
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September 24, 2017, 07:31:50 PM
 #688

I use Bitcoin to play Video Poker on:
https://strikesapphire.com/
and Lotto on:
http://www.bitlotto.com/
The rest I keep for my pension  Cheesy
I am using my bitcoin to buy things that i want especially the things that is necessary in my everyday life like foods and clothes. I also buying new phone if theres a new edition of the phone that i want.
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September 24, 2017, 07:36:29 PM
 #689

invest, and create my own business
Pettuh4
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September 24, 2017, 08:18:42 PM
 #690

invest, and create my own business

Talking about investment, I think your bitcoins by virtue of it being bitcoins and remaining in your wallet is an investment because you can wake up to a growth or decline in fiat equivalent of it any day. I am only saving as much as I can lay my hands on now and so I have no other use.
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September 25, 2017, 11:26:34 AM
 #691

I am using bitcoin to save some money for my future expenses,
And I am earning bitcoin to support my daily needs.
And I hope to buy my own house through earning in trading and joining some signature campaigns.
Exactly what I am doing too. I think to save money for better future though bitcoins will be more sensible decision than to save them in banks. We have many daily and household needs, trying to cope them with signature campaigns and trading.
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September 25, 2017, 11:50:48 AM
 #692

I am using bitcoin to save some money for my future expenses,
And I am earning bitcoin to support my daily needs.
And I hope to buy my own house through earning in trading and joining some signature campaigns.
Exactly what I am doing too. I think to save money for better future though bitcoins will be more sensible decision than to save them in banks. We have many daily and household needs, trying to cope them with signature campaigns and trading.

Agreed. Same here I am saving BTC for my long term future plan. I think the trigger is mass adoption of the coin by millions on people then everything will change dramatically.

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Lubang Bawah
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September 25, 2017, 12:52:33 PM
 #693

I can say I'm new to bitcoin, maybe it's too late because I know bitcoin when the price has reached $ 1300 early last year. I'll use bitcoin for future investments because I'm sure prices will continue to rise.



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Denov Setu
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September 25, 2017, 12:59:38 PM
 #694

I am using bitcoin to save some money for my future expenses,
And I am earning bitcoin to support my daily needs.
And I hope to buy my own house through earning in trading and joining some signature campaigns.
Exactly what I am doing too. I think to save money for better future though bitcoins will be more sensible decision than to save them in banks. We have many daily and household needs, trying to cope them with signature campaigns and trading.

Agreed. Same here I am saving BTC for my long term future plan. I think the trigger is mass adoption of the coin by millions on people then everything will change dramatically.
Saving bitcoin for our future is great, its nice to see we have profit when we hold bitcoin while the price is increasing. But sometimes we also have to sell bitcoin to be able to enjoy the bitcoin we have got, I mean we need to enjoy our work results.
Tamilson
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September 25, 2017, 01:06:03 PM
 #695

I use Bitcoin to play Video Poker on:
https://strikesapphire.com/
and Lotto on:
http://www.bitlotto.com/
The rest I keep for my pension  Cheesy
I am using my bitcoin to buy things that i want especially the things that is necessary in my everyday life like foods and clothes. I also buying new phone if theres a new edition of the phone that i want.

We all have different preferences so for me instead of buying those I'd just rather hold it for my future as I know this will be hitting the moon. Yeah sometimes I'm cashing out a little, like 0.1% of my savings just to spoil myself and that will be enough for now. I'm also planning to put up my business if I have enough savings.

Happy Coding Life Smiley
Nanda Dewi277
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September 25, 2017, 01:26:54 PM
 #696

I use Bitcoin to buy things online and I use to pay bills. and besides, I also use Bitcoin for investment and trade.

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cybersofts
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September 25, 2017, 01:37:07 PM
 #697

Well, I'm using bitcoin for a lot of things from hiring a freelancer to buying a mining hardware.
Buying video games, online service rending sites and more. In fact, I can't list them all here because they're too many.
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September 25, 2017, 01:48:00 PM
 #698

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


i am not miner. i am investor and trader. i like trade for growth my btc. i thind is best for me i buy altcoin and sell other some coin keep for long time that i guess it is good for long run.
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September 25, 2017, 02:03:27 PM
 #699

 Bitcoin  is very popular . i using bitcoin for trading  and investment..because it makes  many profits..my dreams one day i am rich for bitcoin trading and investment.
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September 26, 2017, 04:39:09 AM
 #700

Iam Using Bitcoin For Investment And Trading

But Make sure that it will be The future payment
I use bitcoin most of the time for the same purposes but at the same time I use bitcoin in order to buy small things once in a while, nothing big since I do not have a lot of bitcoin but something in order to see tangible benefits of the growing bitcoin in my wallet.
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