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Topic: My second purchase with bitcoin (Read 583 times)

Imran232 (OP)

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My second purchase with bitcoin

December 16, 2021, 05:18:49 PM

Merited by DdmrDdmr (4), aoluain (1), dkbit98 (1)

I paid 0.00053btc for this Fantech KX-302s Mouse and Keyboard Combo Pack today.

I feel really happy because, for the second time, I used Bitcoin again to purchase a physical product. Though I used it first as a restaurant bill at my friend's restaurant, where any crypto is not accepted, I just personally sent it to him because he wanted it. Second, one of my online friends who is interested in cryptography and whose aim is also to be a bitcoin merchant when bitcoin is accepted in our country. He will be a bitcoin merchant too for his tech shop. Today I bought a keyboard and mouse combo for $26, which accumulated to 2200 tk of our native currency and 0.00053 I sent to him directly to his personal account. It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either. I'm hoping that I'll be able to go to a merchant soon and get my product as well.

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Re: My second purchase with bitcoin

December 16, 2021, 05:26:24 PM

Merited by DdmrDdmr (4), mk4 (1), Imran232 (1)

Quote from: Imran232 on December 16, 2021, 05:18:49 PM

It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either.

I think that this means that you didn't make any bitcoin transaction at all on the network.
And if so, you may get the wrong impression about bitcoin transactions.

Don't get me wrong, I'm happy for you, but you may want to experience that too (or maybe you already did with your first transaction?)

I can tell that my first purchase with Bitcoin almost became a fiasco because I've sent the funds from an exchange. Afterwards I learned and sent from my own wallet.
One has to learn and get experience. It's part of the "journey" Wink

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Imran232 (OP)

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Re: My second purchase with bitcoin

December 16, 2021, 05:42:31 PM

Merited by NeuroticFish (3)

Quote from: NeuroticFish on December 16, 2021, 05:26:24 PM

Quote from: Imran232 on December 16, 2021, 05:18:49 PM

It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either.

I think that this means that you didn't make any bitcoin transaction at all on the network.
And if so, you may get the wrong impression about bitcoin transactions.

Yes, you are right, but I asked him how I should pay you. He said, "though it is a small amount, you can pay me on coinbase." I have a coinbase account and you send me via email, so you don't need to pay transaction fees. Actually, he gives me friendly advice, so I take it; otherwise, he might think that I am rich and I am showing off to him. I am more and I can use it for fees too. That is why I just sent him an email, though I don't hold my BTC on coinbase, I use ledger. For some reason, my coinbase has a small amount of what I keep. That's the story, Man.

Quote

Don't get me wrong, I'm happy for you, but you may want to experience that too (or maybe you already did with your first transaction?)

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Re: My second purchase with bitcoin

December 16, 2021, 06:54:46 PM

Congrats @Imran232 for the second purchase with crypto, specially with bitcoin. Keyboard looks good as i used fantech previously and currently using RK71 keyboard, but using headset from fantech. BTW, my second purchase was gift card with bitcoin and don't remember the first one, but it could be the domain purchasing. Cheesy

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Re: My second purchase with bitcoin

December 16, 2021, 07:15:10 PM

For me it's okay to transact bitcoin with any method, and yes sometimes we face people with different minds and need to adapt to them. Most importantly, we as bitcoiners must learn all the transaction methods and know the risks.

Talking about privacy, bitcoin is so complicated. The question is, which is more private between paying via a centralized service or onchain when you buy goods at a physical store? In fact we have to give up one of our privacy concerns about our identity or the number of bitcoin holdings. One's curiosity will increase about something that is kept secret.

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Re: My second purchase with bitcoin

December 16, 2021, 07:33:00 PM

As long as Bitcoin was used I think that's a great thing and that it's indeed a best purchase. Never experience as well paying directly onto a Bitcoin transaction all of it involves some other things like converting it first to fiat or using centralized exchanges but I always say to myself that it's real and can be a thing even in the future.

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Re: My second purchase with bitcoin

December 16, 2021, 07:59:19 PM

Regardless of how you make transactions, what you consider as transactions using Bitcoin. In any way and by whatever method you do while it involves Bitcoin because you make money from Bitcoin then there is clearly a transaction relationship. Maybe just because the method is not P2P or between Bitcoin wallets to Bitcoin wallets. Once again you buy stuff and the money is made from Bitcoin, so I appreciate that. Customize crypto transactions with the goods you want to own in a way that you understand and are easy to do.

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PawGo

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Re: My second purchase with bitcoin

December 16, 2021, 08:09:44 PM

Merited by Lucius (1)

Hmmm do we have a topic my first purchase with bitcoin?
So, my first purchase happened few years ago, in 2015 or 2016, I have paid for Thaï take-away dinner for two it was just to proof someone that Bitcoin is usable. Meal was really tasty, so it was a good deal

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Re: My second purchase with bitcoin

December 17, 2021, 09:59:24 AM

Quote from: NeuroticFish on December 16, 2021, 05:26:24 PM

Quote from: Imran232 on December 16, 2021, 05:18:49 PM

It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either.

I think that this means that you didn't make any bitcoin transaction at all on the network.
And if so, you may get the wrong impression about bitcoin transactions.

Unfortunately this is still the norm. I've been a huge trader of online gaming skins, and a lot of times people are expecting you to be using Coinbase by default.

Though bitcoin tx fees right now are definitely nowhere as high as it used to be, people have been so used to free and instant transactions; and not to mention most a lot of people are already on Coinbase to start with.

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Re: My second purchase with bitcoin

December 17, 2021, 10:05:45 AM

#10

Quote from: mk4 on December 17, 2021, 09:59:24 AM

Quote from: NeuroticFish on December 16, 2021, 05:26:24 PM

Quote from: Imran232 on December 16, 2021, 05:18:49 PM

It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either.

I think that this means that you didn't make any bitcoin transaction at all on the network.
And if so, you may get the wrong impression about bitcoin transactions.

I don't blame them. It's their money and they do as they want.
While I do have bank account, I prefer the easy way the transfers are done between Revolut users.

The important part is to get them understand what are they doing: transfer of "numbers" inside a company's internal database, which is not actual bitcoin transaction.
But since OP has his own HW with coins, I'd say that he has a better idea how actual transactions look like.

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Re: My second purchase with bitcoin

December 17, 2021, 10:11:12 AM

#11

Quote from: NeuroticFish on December 17, 2021, 10:05:45 AM

I don't blame them. It's their money and they do as they want.
While I do have bank account, I prefer the easy way the transfers are done between Revolut users.

Yep, because most big dogs in the world of digital skins do it as a business anyway, hence pay taxes and stuff; so having all the transactions on Coinbase is just extra speed and convenience for them and wouldn't need separate screenshots of on-chain transactions for proof.

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Re: My second purchase with bitcoin

December 17, 2021, 11:16:12 AM

#12

Yea congrats to the OP for the trade of Bitcoin for product, he knows and is looking
forward to dealing direct with a merchant who accepts Bitcoin.

More demand from buyers will show traders and merchants that should
consider accepting Bitcoin as a means of payment, obviously it would only
be viable in countries without a hardline stance against Bitcoin and crypto.

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Re: My second purchase with bitcoin

December 17, 2021, 11:23:08 AM

#13

Quote from: BigBos on December 17, 2021, 11:07:41 AM

the first one, congrats to you, it was a good experience.

The title says it Clearly , SECOND PURCHASE meaning he had already have His first in the past.

Quote

as long as I know bitcoin, I have never made direct transactions with foreigners to buy things using bitcoin. anyway, i just did it by exchanging bitcoin for fiat, and bought something. I made transactions like that long ago.
however, it might be quite interesting to use bitcoins directly to buy something. Unfortunately, in my country, bitcoin is prohibited as a medium of exchange, so I may find it difficult to do so. well, or can only buy digital products such as domains, hosting, and so on.

an obvious way of Bounty Hunters , always converting Bitcoin into fiat while there are really option to use your Bitcoin in purchasing online and those are being mentioned above you.

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Re: My second purchase with bitcoin

December 17, 2021, 11:34:52 AM

#14

Quote from: PawGo on December 16, 2021, 08:09:44 PM

Hmmm do we have a topic my first purchase with bitcoin?

Of course, we have such topics, it is not the first time that someone wanted to share their enthusiasm with the fact that they paid something with BTC. I dont remember exactly whether I did it in 2015 or early 2016, but I know I bought my first domain and hosting back then and paid with Bitcoin. The first physical thing came a little later and it was a hardware wallet, and since then I've bought a lot with BTC, unfortunately never food - but that's why I bought some good wines Wink

My first bitcoin shopping
Received my first product purchased through bitcoin today

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Re: My second purchase with bitcoin

December 17, 2021, 11:38:20 AM

#15

Quote from: PawGo on December 16, 2021, 08:09:44 PM

Somewhere I have already heard this ... Wink

The main thing is that this dinner does not turn out to be pizza .. Wink

Paying for goods with bitcoins is a wonderful thing and I am sure that this process will only bring a positive reaction to the bitcoin price tag. But do not forget that bitcoin will still bring more benefits on the trade.

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Re: My second purchase with bitcoin

December 17, 2021, 12:09:15 PM

#16

Congratulations on your second purchase. Your friend is more interested in cryptocurrency I guess but not literally in cryptography.

I wish I have that friend who's selling his stuff for bitcoin or any accepted altcoin that he wishes to have or, I want to find that merchant that accepts bitcoin payment for sort of products like kb's and other computer stuff and accessories.

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Re: My second purchase with bitcoin

December 17, 2021, 12:38:44 PM

#17

I personally wouldnt pay for any computer equipment with BTC & Ill tell you why.
If I was planning to store BTC on any device bought with BTC Id be paranoid every single day that somebody may have tampered with it knowing what you may be using it for. Id be scared there was some kind of malware present.

Im sure itll be fine but just be careful.

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Re: My second purchase with bitcoin

December 17, 2021, 12:44:59 PM

#18

In my country, unfortunately there are no personal shop that accept crypto. I mean in my circle there are no person who sell things like that and mostly only selling digital thing. So i can't buy anything directly with bitcoin. Well, at least we can appreciate if there are someone who want to accept bitcoin as payment, as long when bitcoin price up or down, no one who regret it.

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Re: My second purchase with bitcoin

December 17, 2021, 02:03:40 PM

#19

Somehow, I feel not right to use bitcoin to buy a computer peripheral because I think we can use fiat to buy that product. I feel better converting bitcoin to fiat and purchasing the product. But anyway, congratulations on your second buy. Maybe you need to store your bitcoin to wait for the high price so you can use that satoshi amount for buying another product and not just to buy that thing. I can not find a local store that accepts payment from bitcoin so that is my reason to use fiat.

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Re: My second purchase with bitcoin

December 17, 2021, 02:09:48 PM

#20

Quote from: Imran232 on December 16, 2021, 05:18:49 PM

I feel really happy because, for the second time, I used Bitcoin again to purchase a physical product. Though I used it first as a restaurant bill at my friend's restaurant, where any crypto is not accepted, I just personally sent it to him because he wanted it. Second, one of my online friends who is interested in cryptography and whose aim is also to be a bitcoin merchant when bitcoin is accepted in our country. He will be a bitcoin merchant too for his tech shop. Today I bought a keyboard and mouse combo for $26, which accumulated to 2200 tk of our native currency and 0.00053 I sent to him directly to his personal account. It feels so fast, though I use the centralized method of Coinbase Friends to Friends, so I don't need to pay any fees either. I'm hoping that I'll be able to go to a merchant soon and get my product as well.

It looks like you are shopping not at a store that officially accepts payments with Bitcoin. You pay the hotel bill and the cost of buying a mouse and keyboard to your friend. I don't think your friend will accept Bitcoin payments to other customers. But congratulations to you for using Bitcoin as a means of payment to your friends who have an online store even though the store does not officially accept all payments with Bitcoin.

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