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Bitcoin > Bitcoin discussion
Are you spending your Bitcoin?
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?
Conscience:
The only thing I know that's shopping with BTC is good for miners :D
But it might be also good for the price of the bitcoin.
CoinBeast:
I re-invest a mine back into mining. As my profit grows I will keep a portion of it.
jeromanomic:
You mean to buy mining equipment or to buy cloud mining capacity?
jeromanomic:
Irony is that companies who 'accept bitcoin' actually never receive any so do they really accept them? In reality they are accepting US Dollars from [censored], and [censored] is accepting Bitcoin :)
Kimberley Silva:
Hey guys,
I am actually in the process of putting together a survey which will look at what people spend their bitcoin on. I would generally say that people would spend their bitcoins on one of the below:
Computer service/software/hosting
Computer hardware
Food and beverages
Narcotics
Other non-legal goods
Gambling services
Gifts/donations
or bitcoin trading.
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