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Author Topic: What should I buy with $100 worth of BTC?  (Read 2208 times)
TizzyTazzy
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May 22, 2012, 09:18:19 AM
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Give me some ideas.  Cheesy
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payb.tc
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May 22, 2012, 09:30:16 AM
 #2

how about $200 worth of btc Cheesy
kjlimo
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May 22, 2012, 12:24:33 PM
 #3

Diablo 3 gold?

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

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May 22, 2012, 12:28:46 PM
 #4

Some of my polo shirts or stickers of course!

http://cryptoanarchy.com/store/index.php?route=product/product&product_id=50

Some Bees Brothers honey caramels.  These things are really good!  

https://bitcointalk.org/index.php?topic=60863.0




Kris
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May 22, 2012, 12:31:30 PM
 #5

Invest in WalletBit?
BadBear
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May 22, 2012, 12:34:28 PM
 #6

GLBSE stock Smiley

This is probably your best bet. Mining bonds and whatnot will get you some steady returns.

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bitdragon
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May 22, 2012, 12:35:26 PM
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Invest in WalletBit?

great. how to proceed ?

Kris
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May 22, 2012, 12:51:40 PM
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Invest in WalletBit?

great. how to proceed ?

https://bitcointalk.org/index.php?topic=82255.0
kjlimo
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May 22, 2012, 01:22:59 PM
 #9

I don't like your title.  You should just say what should I buy with 20 BTC (or however much you have).

Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.

If people are curious about buying USD with BTC, then that'll be one of the suggestions...

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
Steve
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May 22, 2012, 01:27:30 PM
 #10

Edit: I misread the title as "Why should I buy $100 worth of BTC" …I thought the OP was pondering what reasons one would have for possessing Bitcoin.  I suppose that still could have been the reason for the question.

It's an excellent question, but I think investment opportunities shouldn't be allowed as answers.  That's not to say that there aren't good investment opportunities (including Bitcoin itself), but it's important that Bitcoin be used for actual commerce.  It's possible that Bitcoin's monetary properties will make it worth holding regardless of whether it's ever used directly for much commerce.  It could prove to be an effective store of value even if merchants never directly accept it on a broad basis.  In my opinion that's a compelling reason to hold some Bitcoin, but Bitcoin will be much more compelling if there are plenty of commerce based reasons for holding some of it.  I also think you should disallow answers regarding speculation about future commercial uses of Bitcoin.  Here are a couple of commerce based reasons for having a few Bitcoins right now:

- to buy drugs on silk road …ok, I had to throw that one out there Wink
- to buy VPN services if you live in a part of the world that has restrictive firewalls for accessing the internet
- an easy way to pay people for services, or settle debts, without being subjected to limited banking hours, or handling paper checks, or waiting days for electronic payments to clear, or paying outrageous fees for international wires
- to save money on a purchase where Bitcoin sales are discounted due to the higher fees/risks that merchants have with other payment options
- to buy goods and services from eCommerce sites if you happen to live in an area where other payment options are cost prohibitive or outright impossible (there are many countries from which eCommerce websites either cannot accept credit card payments, or the fees are ridiculously high…like 20% high)
- to make purchases without divulging bank account or credit card information that could be stolen from a merchant with poor security practices

There are a lot of things that can be bought with Bitcoin, but not necessarily exclusively with Bitcoin or where Bitcoin offers any particular advantage over other payment methods.  I also think that the unique properties and capabilities of Bitcoin transactions will make it a compelling tool for many types of transactions in the future, but that's speculation about the future commercial uses of Bitcoin.  I also didn't list illegal uses of Bitcoin (aside from silk road) because if the predominant use of Bitcoin is for illegal activity, then Bitcoin will never see widespread use outside of criminal organizations.

What else can be added to this list that isn't speculation about the future utility of Bitcoin, that isn't investment oriented and that isn't illegal in nature?  The longer this list is, the better off Bitcoin will be.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
edd
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May 22, 2012, 01:35:21 PM
 #11

You can also invest it in your business. Graphic design for your website, advertising, and possibly developing a new or enhancing an existing aspect of your services can be done for BTC.

Still around.
SpontaneousDisorder
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May 22, 2012, 02:05:23 PM
 #12


$500 worth of bit.. oh wait.
evoorhees
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May 22, 2012, 03:56:14 PM
 #13

I don't like your title.  You should just say what should I buy with 20 BTC (or however much you have).

Don't continue to peg BTC to USD. It should start to be able to have innate value separate from other currencies.

Quoting the value of BTC in terms of USD is not the same as "pegging it". BTC will always have a USD price, just as USD will always have a EUR price, or EUR will always have a BTC price. Trying to separate one from exchange rates with the others is futile.

I hope that some day people will have a "feeling" of how much 1 BTC is worth without pondering about the dollar conversion, but this will take many years and can't happen until Bitcoin's exchange rate holds stable for extended periods of time.
Elwar
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May 22, 2012, 08:15:17 PM
 #14

Buy 20 of these at BitMit:

http://bitmit.net/en/trade/i/2816-high-fashion-mesh-socks/description


http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
dinker
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May 22, 2012, 08:30:09 PM
 #15

Sell it for cash then buy more BTCs.

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Seal
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May 23, 2012, 12:02:06 AM
 #16

Place some bets on betsofbitcoin Smiley

Garr255
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May 23, 2012, 02:49:25 AM
 #17

Some Bees Brothers honey caramels.  These things are really good!  

https://bitcointalk.org/index.php?topic=60863.0

+1

GLBSE stock Smiley

Cognitive, specifically Wink

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Garr255
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May 23, 2012, 03:50:32 AM
 #18

go 5 to 1 long on bitcoincia and double your money in no time!!!

no one loled, too soon?

lol

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dirtycat
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May 23, 2012, 04:06:13 AM
 #19

buy drugs!

poop!
tvbcof
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May 23, 2012, 04:57:24 AM
 #20


Toss them at someone on the other end of a web-cam to get them to do specific things to their bodies while you milk yourself dry.

---

Actually, when I had this problem, I choose to give them to ~goat (new name now) who had some involvement with an organization in Thailand aimed at helping out kids who drew short straws in life.  You might try something like that to if that's more your thing.


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