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Author Topic: Purchsed my first BTC, spent my first BTC  (Read 1826 times)
Mikestang (OP)
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February 26, 2015, 11:00:23 PM
 #1

Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.
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Madness
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February 27, 2015, 08:43:40 AM
 #2

Congratulations on your first coin mate Grin
I personally prefer holding my BTC instead of spending them on any thing .

~ Madness

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February 28, 2015, 08:45:29 AM
 #3

Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.


That's great! And don't forget to resupply back the coin to cover the amount that you spent so that there is a net positive effect. In general, if everyone is doing the same it would help to create demand for bitcoin and help to lift up the price.

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February 28, 2015, 05:33:52 PM
 #4

Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.
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March 01, 2015, 10:49:33 AM
 #5

Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.

But don't the merchants instead also sell those btc instantly back into Fiat ?

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March 01, 2015, 02:34:45 PM
 #6

Best way to support the Bitcoin economy is to spend and almost everything online can be bought with BTC. Makes sense to instant convert and buy whatever you need with BTC.

But don't the merchants instead also sell those btc instantly back into Fiat ?

They do, but their benefit is that they don't have to deal with ridiculous fees.

They don't have to worry about chargebacks and other stuff that is only a pain in the ass.

I'm sure there will be a point that merchants will at least keep 25% of the coins they receive from sales.
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March 01, 2015, 07:40:53 PM
 #7

Today I bought my first BTC from an exchange.  I signed up with several, but either didn't want to use their online wallet, or I had to physically mail a payment to them, so it took me a few exchanges before I found one I liked.  I settled with using BitQuick and the transaction was smooth, simple, and quick!

I turned right around and spent the BTC on a new power supply.  The future is now, and we're living in it.

i do not know why you are just buyed one bitcoin...
but if it is to invest in this cool digital currency wors,
you can take btc for the long run...
address number are rising
transaction/day are rising

it is only a matter of time!

 Wink

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March 01, 2015, 11:33:28 PM
 #8

cool to hear! i have not yet spent any bitcoin but i'm thinking of buying myself some pc parts once i have enough coins.
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March 02, 2015, 06:22:35 PM
 #9

cool to hear! i have not yet spent any bitcoin but i'm thinking of buying myself some pc parts once i have enough coins.

if you are planning to setting up a RIG for mining,
i say you:

"DO NOT BUY RIG!!! BUY BTC DIRECTLY NAD HOLD IT FOR THE LONG RUN!!!

 Wink Wink Wink Wink

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March 04, 2015, 02:01:24 PM
 #10

great to hear someones experience while purchasing using btc online, thanks for the posting

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Mikestang (OP)
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March 04, 2015, 04:42:43 PM
 #11

Now expecting my first payment from a sale in BTC.  Exciting stuff!
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March 04, 2015, 05:43:37 PM
 #12

Really good to hear of people actually spending some coins and not just hoarding them!
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March 04, 2015, 05:52:01 PM
 #13

I am glad that someone is buying bitcoin to with it.. goods which are available in wider variety for "normal" currencies. Normally you would like to sell your bitcoin to buy power supply on amazon or something. It is unexpected that this happened in reverse.


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