Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@JJG have been thinking a bit about what you said about spending some btc, and replacing it. Looked into some memorable ways of spending my first btc, and came across an island(https://wikitravel.org/en/Big_Corn_Island) I think we all need to visit at some point, it even has a floating Bitcoin bar(https://www.tripadvisor.com/Attraction_Review-g612405-d24092796-Reviews-Bit_Coin_Island_Bar-Big_Corn_Island_Corn_Islands_Southern_Atlantic_Autonomous_Re.html)!
Has any one got some good/memorable suggestions for your first BTC purchase?
Will absolutely replace what I spend tho!
Has any one got some good/memorable suggestions for your first BTC purchase?
Will absolutely replace what I spend tho!
Do I get that right, you plan to spend BTC for something just for the sake of spending BTC and plan to later buy it back?
Can't follow this line of thought to be honest. Spending BTC is not fun, it's always painful as you sold always too early. Buying BTC is the fun part.
Again (mis-)quoting JimboToronto with: "Buy if you can, sell if you have to."
My reasoning is more on the utility of btc, wanting to transact in it and learn how to do that. Up to this point I buy, I transact to btc address and thats all great but I haven't sent/sold any for anything physical or a service. So yes your right I just want to spend some for the sake of it, and I 'm asking if anyone has anything memorable they have done for their "first time"
I get the Jimbo quote, only do it when you need to. But when I need to, I need to know how to do it too.
I tend to think about spend and replace in more manageable levels, and so any kind of spends that you do really would not even have to be anything very memorable or big, since it seems that the BIGGER the spend, then potentially the more difficult to replace... unless you already have a few thousand dollars that you have in your bank account and then you spend that few thousand using bitcoin (since you found a place that accepts bitcoin for your hotel or flight or food or something like that), and so then you plan your spend and replace accordingly.
...<snip>
Good point, doesn't have to be a huge amount it could just as be an smaller amount, the transaction is the learning and a little bit just to do something fun. Maybe i wait until pizza day next year and do that
