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Author Topic: What Do People Buy With There Bitcoin?  (Read 5351 times)
Pouluech
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September 30, 2014, 01:34:18 PM
 #1

I have been involved in Bitcoin for a number of months now and have become ever-increasingly fascinated by the world that surrounds Bitcoin.

In my country there are a few places that except bitcoin as payment but as a whole it can be quite difficult to spend my Bitcoins. What I would like to know is what people are spending there Bitcoins on, and how easy they find it to find premises where they can spend it.
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September 30, 2014, 01:45:16 PM
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coinmap.com helps, but this is not the time to be spending. this is the time to be hoarding.

don't buy lots of bitcoins just to spend instantly. we are not yet out of innovation stage. let businesses and shops adopt bitcoin more, and also let the adoption by investors pick up to increase your hoards value. then in a couple years if you invested equivalent to 10 loaves of bread now (£$25) you will in a couple years get more then 10 loaves of bread from that same investment.

dont spend your life savings on bitcoin untill you truly understand what deflation is, but if you were to waste $£25 a week on a pizza and beer which would just end up as human waste in a toilet the next day.. you might aswell spend that to buy and hoard bitcoin, that wasy its a no loss investment. until your ready to increase your regular investments due to your personal trust and understanding of the long term benefits of bitcoin.

(hopefully thats as unbiased as i can be.. in reality i love bitcoin, get paid in bitcoin and buy rent, food and car fuel in bitcoin)

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September 30, 2014, 01:50:41 PM
 #3

Bitcoin is now more as a storage of wealth than currency to spend.
In future, when more people uses bitcoin, I am confident that more retailers will accept bitcoin as a currency.

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spazzdla
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September 30, 2014, 01:51:14 PM
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Is this identical from 2011..?

Wait I didn't read the date..
moko666
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September 30, 2014, 02:00:11 PM
 #5

it seems like this question is few years old
now you can buy almost everything with bitcoin
there are lot of merchants that accept bitcoins

just search in google what you need to purchase with bitcoin
Pouluech
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September 30, 2014, 02:03:06 PM
 #6

I have every faith it will succeed. The sheer economies of scale as a payment system will force the banks and online exchanges to rethink how they carry out their business. Finding ways to spend it at the minute is difficult but there are more and more ways available to people.
flyguy01
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September 30, 2014, 03:07:03 PM
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I am fascinated by the whole thing but still learning and exploring other Cryptos also.......any recommendations on a good Sportsbook for Bitcoin? I have looked around and there are plenty of casinos but that is not of interest....I guess winning some at sports an alternative to mining (if you win!!!!!)
lemfuture
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September 30, 2014, 03:09:16 PM
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nothing yet..i want my local stores to accept bitcoin first maybe. (shoprite and farmers market)

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September 30, 2014, 03:11:07 PM
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People buy stuff and things with it  Cheesy. Whilst what you can buy is currently limited, more merchants are accepting it daily and this will grow more and more over time.
Bad Uncle
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September 30, 2014, 03:16:36 PM
 #10

I have been involved in Bitcoin for a number of months now and have become ever-increasingly fascinated by the world that surrounds Bitcoin.

In my country there are a few places that except bitcoin as payment but as a whole it can be quite difficult to spend my Bitcoins. What I would like to know is what people are spending there Bitcoins on, and how easy they find it to find premises where they can spend it.

Check out coinmap for places that accept btc http://coinmap.org/
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September 30, 2014, 03:23:05 PM
 #11

What Do People Buy With There Bitcoin?
Spelling lessons?  No.  I guess they don't. 

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September 30, 2014, 04:20:53 PM
 #12

The total number of bitcoins is only 21000000, so many fans like me does not like to use it to buy something, but to collect it, wait for it to rise in value, I think those people who have a lot of bitcoin  should spend it

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September 30, 2014, 04:35:05 PM
 #13

The btc I do spend usually goes on digital goods and pc/mining hardware, more and more business are accepting bitcoin so it's only a matter of time til we can all live comfortably fiat free Wink

http://coinmap.org/ is a decent site, maybe check out https://spendbitcoins.com/places/
Pouluech
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October 01, 2014, 04:51:29 PM
 #14

To be honest, where I come from it is very limited.

A few of my friends have told me that some sites are now accepting Bitcoin for sports bets and casino games. This seems like a good idea considering banks look through your statements to see if there is gambling activity. This can have a negative effect when applying for mortgages and loans. I hear http://www.flutterclub.com/ is very good as it offers both sports betting and casino games.
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October 01, 2014, 07:34:15 PM
 #15

One BTC is like 10 Kg of gold. So 3 BTC is like 30 Kg of gold.
We are not there yet but we are on our way...
(There are about 210,000,000 kg of gold in the world.
And so, 1 BTC is comparable to 10 Kg of gold.)

Would be great there was a torrent file of all referenced materials of the paper: "How to Build Time-Lock Encryption" by Tibor Jager. And having its magnet link published on bitcoin blockchain!
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October 01, 2014, 07:37:49 PM
 #16

Well, yesterday I bought a pistol. Tonight I am buying a birthday present for my wife. 

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
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October 01, 2014, 07:47:39 PM
 #17

Anything and everything.

Pretty much
flyguy01
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October 01, 2014, 10:21:34 PM
 #18

Thanks for the post Poulech......had a look at that flutterclub, I went in small to give it a go, won a bit on Arsenal v Galatasary and left but I will be back!!!!
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October 02, 2014, 03:40:34 AM
 #19

What can't you buy with bitcoins is the question?
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October 02, 2014, 03:48:09 AM
 #20

There are a lot of things to buy with Bitcoin. Several number of online stores like ebay start accepting BTC.
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