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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?

joshuawhe:
I would shop with Bitcoin Lightning because transactions are Lightning fast (hence the name) and basically feeless.

suzika98:

--- Quote from: jeromanomic on January 13, 2015, 08:18:25 AM ---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

--- End quote ---


I completely agree with you, crypto adoption in the public needs to increase to see the price reach the potential point. This could mean paying with BTC, trading in crypto, etc., but at this point doing so would basically mean reducing your investment amount, and I don't think that makes sense for the individual investor. It's like sacrificing your own profits for the good of crypto in general. And if a large group doesn't make it happen, the small investor's movement doesn't make sense.

thevaporizzer:
Yes! Recently bought a couple of PS5 games with some btc. :)

damep:

--- Quote from: suzika98 on October 31, 2023, 10:54:36 AM ---
I completely agree with you, crypto adoption in the public needs to increase to see the price reach the potential point. This could mean paying with BTC, trading in crypto, etc., but at this point doing so would basically mean reducing your investment amount, and I don't think that makes sense for the individual investor. It's like sacrificing your own profits for the good of crypto in general. And if a large group doesn't make it happen, the small investor's movement doesn't make sense.

--- End quote ---
It all depends on your investment goals

John_Trant_112:
Trying to spend as small as possible amount of btc, trying to buy more and more of it

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