It will be good when companies start holding BTC instead of instantly converting it to USD.  I've heard that Overstock keeps a portion of the funds received as BTC.

Hi! I think whatever we are going to do with  Bitcoins to keep or spend them, the price will go up and down during some period, maybe within 5 years untill the whole world learn about it. But I'm sure some new generation  coins will  overbeat Bitcoin and their price will probably be higher. Bitcoin  opened new gates for IT developers, showed them a new direction in IT sphere, so they (devs.) won't stop.   That's my opinion but time will show. Nice to meet you and best regards.

The only thing I know that's shopping with BTC is good for miners
But it might be also good for the price of the bitcoin.

You mean to buy mining equipment or to buy cloud mining capacity?

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.

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..

Shopping with BTC is not a bad idea.

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.