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Author Topic: Are you spending your Bitcoin?  (Read 45527 times)
MultipliedCombo
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January 06, 2015, 05:01:31 AM
 #201

I for one don't say how many Bitcoins I own in total... And I don't even know the exact amount (it's kept in separate wallets).

Not too sure how much I've spent, but probably higher than 1 Bitcoin.

I think I've only lost around 0.05 BTC to scams.

grendel25
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January 06, 2015, 05:24:43 AM
 #202

Heck yeah I spend bitcoins.  That's why I got into this.  You can find all sorts of things for cheap so the bitcoin is wayyyy more powerful then fiat or at least for some things.

I purchased one bitcoin when it was around 500 and then it went up to 800 and I bought some mining gear.  I've probably mined over a bitcoin but I spend it as fast as I get it.

I sold all my mining gear so now I'm looking to reinvest that into asics or some other bitcoin way to invest.  

Oh yeah, and I lost about .5 btc on bittrex so of course I don't trust them.  They said my password was weak but I've never had a problem before with similar strength passwords so I call BS.

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samuel999
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January 07, 2015, 10:32:03 PM
 #203

Its interesting please post here  Wink Wink

How much BTC do you have now ?  Huh
How much did you spent?  Roll Eyes
How much did you lost or scammed by someone?  Cry

Thanks

I have several btc, sometimes I buy the gold coins with it, not recently though.  Have not been scammed but many try/have tried, so be carefull.
mizna
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January 08, 2015, 01:15:36 AM
 #204

spent to buy something goods  Cheesy

BitcoinFreak12
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January 08, 2015, 08:10:06 AM
 #205

People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.

So start spending the bitcoins to avoid the bubbles Smiley

Not selling (back to fiat) but spending into BTC based goods and products.
Aemon
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January 08, 2015, 02:23:33 PM
 #206

I have been using my BTC left and right.  Basically anything I can purchase with Bitcoins at Overstock I have been purchasing them and using them as quickly as I can get them, too bad I don't have a lot of coins though:0
mezmerizer9
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January 08, 2015, 02:47:23 PM
 #207

Its interesting please post here  Wink Wink

How much BTC do you have now ?  Huh
How much did you spent?  Roll Eyes
How much did you lost or scammed by someone?  Cry

Thanks

I don't have much atm and I'll tell you only that I've bought a tablet, a coat and some cheap crap from ebay. No, I don't scam nor I'm gettin scammed.


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nobbynobbynoob
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January 08, 2015, 03:38:56 PM
 #208

People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.

So start spending the bitcoins to avoid the bubbles Smiley

Not selling (back to fiat) but spending into BTC based goods and products.

As the bitcoin marketplace matures over time, the market will smooth out this volatility. More 'coin in more hands is a major help, whether it be spent or HOADRed. Smiley

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silvestar
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January 08, 2015, 04:11:44 PM
 #209

People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.

So start spending the bitcoins to avoid the bubbles Smiley

Not selling (back to fiat) but spending into BTC based goods and products.

Most of the businesses are taking bitcoin payment through third-party services such as Bitpay, and so spending bitcoin is pretty much like selling bitcoin for fiat.
Amph
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January 08, 2015, 04:32:20 PM
 #210

sub 100

in thing that can make me more btc, or for gaming(i love it)

lost 1 in cryptodouble
irfan_pak10 (OP)
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January 08, 2015, 06:33:08 PM
 #211

People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.

So start spending the bitcoins to avoid the bubbles Smiley

Not selling (back to fiat) but spending into BTC based goods and products.

As the bitcoin marketplace matures over time, the market will smooth out this volatility. More 'coin in more hands is a major help, whether it be spent or HOADRed. Smiley

I was thinking the same if some one is not using his btc and tries to save them then how the price will go up. ?

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BitcoinFreak12
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January 08, 2015, 09:08:08 PM
 #212

People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.

So start spending the bitcoins to avoid the bubbles Smiley

Not selling (back to fiat) but spending into BTC based goods and products.

As the bitcoin marketplace matures over time, the market will smooth out this volatility. More 'coin in more hands is a major help, whether it be spent or HOADRed. Smiley

I was thinking the same if some one is not using his btc and tries to save them then how the price will go up. ?

Price will go up, that`s not the point. If the supply is limited then price always goes up.

The problem with that is that if nobody spends it, the price will go up irrationally, because altough the value of it hasnt increased, its just that people dont spend it, and this can cause bubbles, like the one in 2013.

By spending it, the price can become more dynamic and realistic, than just by keeping it on an offline wallet...
Wendigo
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January 08, 2015, 09:13:04 PM
 #213

I used most of my coins around the Christmas holidays for buying stuff for the family.
asmal
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January 09, 2015, 12:46:09 AM
 #214

of course im spend my BTC to buy flower for my mama  Kiss
BitcoinFreak12
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January 09, 2015, 12:26:27 PM
 #215

of course im spend my BTC to buy flower for my mama  Kiss

Flowers with bitcoins, How?
gkv9
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January 09, 2015, 12:29:59 PM
 #216

Used bitcoins to recharge my phone, and especially, it has helped me mostly to pay-off my bills... Smiley It's been a lot useful and I take it as a part-time income and not an investment... Wink

dbshck
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January 09, 2015, 01:05:07 PM
 #217

of course im spend my BTC to buy flower for my mama  Kiss

Flowers with bitcoins, How?

It might sounds funny, but I really found two florist that accepting Bitcoin!
https://bitroses.com/ -> from Los Angeles, CA
http://www.cheapflowers.com/i -> from Beaverton, OR

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BitcoinFreak12
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January 09, 2015, 01:23:00 PM
 #218

of course im spend my BTC to buy flower for my mama  Kiss

Flowers with bitcoins, How?

It might sounds funny, but I really found two florist that accepting Bitcoin!
https://bitroses.com/ -> from Los Angeles, CA
http://www.cheapflowers.com/i -> from Beaverton, OR

Lol, the flowers are really expensive in your country man, I can get that bucket for less than 10$ and they sell it for 100$  Grin (sign of hyperinflation, dollar collapse is coming looks like)

But anyway it's nice to see that more and more merchants adopt bitcoin Smiley
kpitti
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January 09, 2015, 08:30:16 PM
 #219

In my opinion it`s good to spend Bitcoins, but in the same time I kept some.

How much BTC do you have now ?  Few BTC
How much did you spent?  30%
How much did you lost or scammed by someone?   Lips sealed
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January 10, 2015, 01:16:11 AM
 #220

It doesn't seem so feasible at the moment. I use them occasionally. The interfaces and point of sale seem largely non-existent.
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