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Curious for those who own bitcoins ... how are you using it to enrich your life? Buying a lot of things on Overstock.com, eating at Subway frequently, buying e

Curious for those who own bitcoins ... how are you using it to enrich your life? Buying a lot of things on Overstock.com, eating at Subway frequently, buying eGifter gift cards (that looks like the best deal), selling gift cards at a small loss ($75 for $100 gift card) or other ways? I was going to buy a bitcoin or two in 2013 when it was $400 and my co-workers at the time, but darn I didnt.

wslh 9y ago
My company has customers who pay in Bitcoins and other cryptocurrencies so at the end our employees and cofounders have a normal life based on cryptocurrencies use which are converted into fiat money. Regarding the article, it is impossible to have an objective view about cryptocurrencies price (not technology) in general but it is creating a lot of millionaries down the road. I don't know if this will happen to the new entrants but it happened to the ones who bought and haven't sold Bitcoins for less than 4 years. All this have a strong economical impact in your life and the life of many others, probably more people are getting millionaries from cryptocurrencies than from startups.
astrowilliam 9y ago
I know a few people who have invested in BTC and they cash out any profits that they get over $100/day. That way they are making a decent amount per transaction. So they take that cash and use it as they normally would. It's more of an investment for them, I'm not sure if they actually use BTC to buy anything.
Helloworldboy 9y ago
> how are you using it to enrich your life? Selling them for way more than I bought them.
uberswe 9y ago
So one of the problems is that if you really believe that Bitcoin will keep going up then it is hard to spend it as you are most likely better off saving it. What I have personally done is to take out small chunks whenever Bitcoin increases, 1% maybe or even less of the total bitcoin I own and treat myself to something nice like a new desktop perhaps. Lately some of my coworkers have started using mobile wallets for Bitcoin and it is common for us to pay each other if someone pays for everyone in fiat for lunch for example. It's still hard to find places that accept Bitcoin but I see it popping up here and there which is pretty cool.
mindfulplay 9y ago
> I was going to buy a bitcoin or two in 2013 when it was $400 and my co-workers at the time, but darn I didnt. It went up to 17000$ exactly because people like you didn't buy it. If everyone bought a bitcoin we'd be looking at perhaps 0.01 per btc. It's like people feel that 5 is the best number to place their bets in that one roulette machine and they wish they had learnt of it a year ago. And adding to the misery now there is a huge line blocking everyone trying to cash out their chips.
tromp 9y ago
I use bitcoin to payout bounties on my Cuckoo Cycle proof of work scheme to people who prefer to stay anonymous. I paid out over 4 BTC earlier this year to "xenoncat" for identifying a 4x speedup on the CPU solver.

wslh 9y ago

My company has customers who pay in Bitcoins and other cryptocurrencies so at the end our employees and cofounders have a normal life based on cryptocurrencies use which are converted into fiat money. Regarding the article, it is impossible to have an objective view about cryptocurrencies price (not technology) in general but it is creating a lot of millionaries down the road. I don't know if this will happen to the new entrants but it happened to the ones who bought and haven't sold Bitcoins for less than 4 years. All this have a strong economical impact in your life and the life of many others, probably more people are getting millionaries from cryptocurrencies than from startups.

astrowilliam 9y ago

I know a few people who have invested in BTC and they cash out any profits that they get over $100/day. That way they are making a decent amount per transaction. So they take that cash and use it as they normally would. It's more of an investment for them, I'm not sure if they actually use BTC to buy anything.

Helloworldboy 9y ago

> how are you using it to enrich your life? Selling them for way more than I bought them.

uberswe 9y ago

So one of the problems is that if you really believe that Bitcoin will keep going up then it is hard to spend it as you are most likely better off saving it. What I have personally done is to take out small chunks whenever Bitcoin increases, 1% maybe or even less of the total bitcoin I own and treat myself to something nice like a new desktop perhaps. Lately some of my coworkers have started using mobile wallets for Bitcoin and it is common for us to pay each other if someone pays for everyone in fiat for lunch for example. It's still hard to find places that accept Bitcoin but I see it popping up here and there which is pretty cool.

mindfulplay 9y ago

> I was going to buy a bitcoin or two in 2013 when it was $400 and my co-workers at the time, but darn I didnt. It went up to 17000$ exactly because people like you didn't buy it. If everyone bought a bitcoin we'd be looking at perhaps 0.01 per btc. It's like people feel that 5 is the best number to place their bets in that one roulette machine and they wish they had learnt of it a year ago. And adding to the misery now there is a huge line blocking everyone trying to cash out their chips.

tromp 9y ago

I use bitcoin to payout bounties on my Cuckoo Cycle proof of work scheme to people who prefer to stay anonymous. I paid out over 4 BTC earlier this year to "xenoncat" for identifying a 4x speedup on the CPU solver.