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What can you buy with BTC?

I have about ~$600 ish of bitcoin (current market price) sitting around from quite a few months of mining on old and idle hardware. Problem is, I can't really spend it anywhere.

 

I've asked a bunch of online storefronts if they take bitcoin, artists, friends, no takers. It's really frustrating because it seems like a lot of the time I can't even give it away. The only thing I've managed to buy so far is runescape gold and porn.

 

I really don't care about holding it to the moon or anything like that. No interest in gambling it either. I also don't care about overpaying to use it, but I do care about the extra going to some sketchy payment processor that has like a 20% fee for using crypto. What's even left to try, drugs and sketchy used hardware on the darkweb?

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You can just go on a crypto exchange like Coinbase to convert it to cash, or to another crypto that might be accepted by a vendor you're interested in.

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Forgot to mention, if I liquidate it I'd have to pay taxes on it and fuck that.

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Keep it and buy a yacht in 3 years? 😛

 

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Here we have a major tech retailer that does take bitcoin through an intermediary, tried it once and it did work, although as usual with bitcoin it's only worth it on large purchases because the network transaction fees are high and independent from amount (regardless of processor fees that add on top).

 

30 minutes ago, Not_A_Spider said:

Forgot to mention, if I liquidate it I'd have to pay taxes on it and fuck that.

Technically buying something with it is the same, it becomes income whenever it's not held into the fluctuating mess anymore. 

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convert it to gift cards?
https://www.bitrefill.com/ doesnt need a account to do it, and is the main thing people use

I could use some help with this!

please, pm me if you would like to contribute to my gpu bios database (includes overclocking bios, stock bios, and upgrades to gpus via modding)

Bios database

My beautiful, but not that powerful, main PC:

prior build:

Spoiler

 

 

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1 hour ago, Not_A_Spider said:

a lot of the time I can't even give it away.

My wallet is open for donations 😛

 

Your best bet is probably gift cards as mentioned above. It's slowly gaining traction, but its acceptance is still a long way from ubiquitous.

  

1 hour ago, Not_A_Spider said:

Forgot to mention, if I liquidate it I'd have to pay taxes on it and fuck that.

Of course you do. It's (extra) income or capital gains, both of which you owe taxes for. Although from what I've read the US has it particularly bad with every crypto conversion being taxed.

1 hour ago, Kilrah said:

Technically buying something with it is the same, it becomes income whenever it's not held into the fluctuating mess anymore. 

Even its crypto form mining is treated as "income from other activities" under Dutch law, no need to convert it to its fiat form or other possessions, and simply buying it as an investment it is considered capital like savings. The first bit is vague however, as due to the fluctuating prices the actual income can be a bit ill-defined.

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