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Are you spending your Bitcoin?

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jeromanomic:
I just read this:
http://www.finance-guy.net/finblog/how-will-you-spend-your-bitcoin/10/8/2014

Makes an interesting point.  If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.

What do you think?  Will shopping with BTC be good or bad for BTC?

kotwica666:

--- Quote from: jainuso on December 10, 2014, 06:29:56 AM ---Dear all,

We have recently launched a  Crypto currency (bitcoin and litecoin) exchange registered and operated in singapore .

--- End quote ---


That's nice :) but you forgot about link or at least name :)

iBits:
Ofcourse Bitcoin is something we need to keep in circulation and not make it depend directly on Dollar or any other currency. Unless this relative comparison is stopped we will continue to see the highs and lows for a long time. Lets start making the commodities priced directly in BTC and no conversion or just a simple one. If we all start putting very low price in BTC and same does all the exchanges together, though not possible practically, the price would suddenly rose, keeping all the Bitcoins haters like governments etc aside..

Newsbtc:
Shopping with BTC is not a bad idea.

EndTheFed:

--- Quote from: Newsbtc on January 05, 2015, 09:49:56 AM ---Shopping with BTC is not a bad idea.

--- End quote ---


Good idea as long as the Merchants keep some or all BTC and not exchange it to fiat right away. Or maybe Merchants can keep BTC`s circulating by purchasing to restock inventory with BTC now that would be something to see.

jeromanomic:
I agree that we need to use Bitcoin more, otherwise it will never gain traction, but given the current setup used by merchants... spending bitcoin is the same as selling it as they just convert instantly to receive cash


--- Quote from: Newsbtc on January 05, 2015, 09:49:56 AM ---Shopping with BTC is not a bad idea.

--- End quote ---

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