BUYING SOMETHING WITH BITCOIN
I see same questions over and over on reddit, and typing answer every time is boring as hell, so I decided to slowly start building up not only crypto currency, but also general computer/internet/money use guide.
In the end these are just my thoughts and critical feedback is welcome.
BUYING SOMETHING WITH BITCOIN
- Japan is leading the way of BTC adoption in local stores, and you can buy almost anything via BTC over internet
- keep in mind BITCOIN TRANSACTIONS have extra fees, so always buy more BTC (check average transaction fees to know how much more) than what you are spending it on costs
- you can use excess funds to speed up transaction or leave them in a wallet, who knows, maybe BTC will keep going up in price
OTHER IDEAS: https://steemit.com/guide/@ragetester/paper-money-will-die-a-k-a-ultimate-user-guide-page-1
i think for any one who have decent amount of bitcoin it is best to put it in a cold storage wallet (( hardware or paper wallet )) and then forget about it at least if you don't really need the money because once the number of bitcoin mined reach 21 million there will be no more bitcoin mined and the price will sky rocket
All BTC will not be mined in our lifetime (2140 expected date), unless we become cyborgs