Apart from trading where else to use crypto?

nur rochid

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Quote from: BartS on December 14, 2018, 06:21:16 PM

Quote from: popolite11 on December 01, 2018, 04:03:30 PM

Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

I know the gambler, who makes money (in Bitcoins) playing in casinos that accept the cryptocurrency. He is simply a very lucky person, thus, he takes this risk. I guess you can buy and sell things for BTC.

Forget about gambling, your friend is just lucky and sooner or later his luck is going to run out and he is going to be in a worse position than when he began gambling and he is going to lament having wasted so much time and money in something that will not give him profits, I know it is harder but you need to concentrate in activities that have an actual chance of giving you profits in the future instead of wasting your time in gambling.

maybe gambling using the cryptocurrency is not in my country, so it is difficult to use for it, and I have absolutely no interest, and trading is not the same as gambling, because we cannot survive by gambling

BartS

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Quote from: popolite11 on December 01, 2018, 04:03:30 PM

Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

I know the gambler, who makes money (in Bitcoins) playing in casinos that accept the cryptocurrency. He is simply a very lucky person, thus, he takes this risk. I guess you can buy and sell things for BTC.

Forget about gambling, your friend is just lucky and sooner or later his luck is going to run out and he is going to be in a worse position than when he began gambling and he is going to lament having wasted so much time and money in something that will not give him profits, I know it is harder but you need to concentrate in activities that have an actual chance of giving you profits in the future instead of wasting your time in gambling.

hahay

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Quote from: xuan87 on December 02, 2018, 02:58:14 AM

Up until now there are not many place we can used the alt coin, most of them only being used for trading, some create their own coin and used them in certain game but it's not too popular, Bitcoin could be used in some countries like Japan, you can purchase food and rent a room using Bitcoin but for other alt coins, the usage is still rare

We do not need high expectations for altcoins in use, because the use of bitcoin also is still very rarely available in many sectors, if the spread of bitcoin has become widespread in usage then we can expect altcoin to follow the bitcoin movement so that it can be used in many places and for all types of transactions.

jimmyd178

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Quote from: CryptoDamon on October 03, 2018, 04:45:41 AM

Because of crypto value volatility, business sectors won't risk tokenizing their product. Maybe few decades from now when adoption rate will reach 100% and when crypto values achieve stability, I bet that's the right time for some businesses to make use of the technology at the highest level possible. Don't worry we are moving forward to that moment in time that everything we purchase will be tokenized and hoping that it would give positive impact to both consumers and merchants.

I think we are close to that. Although it is true that considering current market’s volatility most of businesses are afraid to take some steps towards the tokenization of their product. One core element is that BTC and the rest of the cryptomarket is facing radical ups and downs from time to time making impossible for merchants to foresee the future. But it is also true that neither merchants nor consumers understand the benefits from taking part in an ecosystem that each token has to offer. For example tapnetwork helps businesses to reward their customers with discounts etc. by allowing brands to use their personal data for advertising purposes. And there are others too that empower businesses to tokenize their products in different ways. After all, one does not simply could predict the future but surely one can take advantage of blockchain systems in order to make profit in the long term, hence the time will come that everything we purchase will be tokenized.

krishnaverma

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You can use it for buying specific services where the seller allows it as the only acceptable option. For instance, I recently purchased some social media related services and the seller asked payment in crypto. I went ahead with advance payment and the deal went smooth.

Other possibilities are government using crypto for subsidy payments and other such schemes.

boled

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this requires process and process takes time. I believe that the time will come for crypto to get full recognition by the government and the world community. Where crypto can be used in many places easily. nowadays there are so many ICOs and giving birth to lots of coins or tokens, for me it is one form of human struggle in growing and introducing crypto. tokens and coins themselves will be selected by nature by themselves, where developers who really struggle will exist and get a place in the crypto world.

xuan87

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Up until now there are not many place we can used the alt coin, most of them only being used for trading, some create their own coin and used them in certain game but it's not too popular, Bitcoin could be used in some countries like Japan, you can purchase food and rent a room using Bitcoin but for other alt coins, the usage is still rare

jojowar

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Only few people around the world knows about cryptocurrency that is why there were only few establishments accept cryptos as mode of payment and also because the value of cryptos today are very volatile maybe in the future cryptos will be accept in our society and be part in our daily living.

Patient_Zero

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Quote from: CryptoDamon on October 03, 2018, 04:45:41 AM

Because of crypto value volatility, business sectors won't risk tokenizing their product. Maybe few decades from now when adoption rate will reach 100% and when crypto values achieve stability, I bet that's the right time for some businesses to make use of the technology at the highest level possible. Don't worry we are moving forward to that moment in time that everything we purchase will be tokenized and hoping that it would give positive impact to both consumers and merchants.

I think in the crypto trade the future will be everywhere, seeing technology that is developing very fast, especially in the field of payment instruments, digital systems in almost all fields of payment have started, some countries have begun to facilitate bitcoin users, for example advanced accounts allow stores to accept Bitcoin payments.

mcTether

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There are so many places where crypto could be used. We can't continue to just limit ourselves to just trading. We should look out for stores that accept cryptocurrencies online.

iv4n

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Quote from: popolite11 on December 01, 2018, 04:03:30 PM

Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

I know the gambler, who makes money (in Bitcoins) playing in casinos that accept the cryptocurrency. He is simply a very lucky person, thus, he takes this risk. I guess you can buy and sell things for BTC.

Trading and gambling are just some of activities where you risk your money to make more and have fun in the same time, there's a big difference between amateurs and professionals. To not run away from topic, on a side having fun crypto should be used by people for buying things, so you need shops where people can use crypto, factories that will produce something for crypto. Crypto adoption is all about that, and we have where to spend crypto for goods, people who live in advanced countries can do much more with crypto than others, but that's spreading fast and I believe that future will be full adoption of crypto, one day sooner or later.

popolite11

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Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

I know the gambler, who makes money (in Bitcoins) playing in casinos that accept the cryptocurrency. He is simply a very lucky person, thus, he takes this risk. I guess you can buy and sell things for BTC.

millionaireshs

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Quote from: olumyd on October 02, 2018, 06:56:14 PM

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Maybe that idea can be great but it will be done within a process. It is hard to regulate this kind of system easily, it comes with a huge support from both parties, users and the business owners. Today I only knew few coin which is commonly used to for real estate. Some of them are successful but some of them are not.

RodeoX

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The revolution will be monetized!

I use it all the time for buying whatever. You are aware of google, right?

From Overstock.com to craigslist.org lots of places take it if you look. And don't forget to filter! Sites you would not imagine take it if you add "bitcoin" or "cryptocurrency" to your search. Check out these examples:

https://www.landwatch.com/default.aspx?ct=r&q=bitcoin

https://www.gunbroker.com/All/search?Keywords=bitcoin

Savemore

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Quote from: olumyd on October 02, 2018, 06:56:14 PM

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Our government legalized the use of the cryptocurrencies, there are now businesses who accepts bitcoin as a payment. The cryptocurrencies is not just for trading, it can now be as a medium of exchange.

Dimas99

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as far as I know, besides trading, there is also a gift investment by participating in the ICO project and of course to get a prize from what we do in the form of tokens that we can sell in the form of crypto currencies.

wahyu wida

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Quote from: deppil on November 30, 2018, 09:27:27 PM

Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

You can use Crypto for a variety of things not just investment. that's why cryptocurrency is in great demand
because it has many uses. you can shop, gamble, play games and so on using cryptocurrency

although it is not yet maximal, crypto is a payment tool, but at present there are at least countries that accept payment using crypto, for example shops at the Australian airport

deppil

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Quote from: axxo on November 29, 2018, 08:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

You can use Crypto for a variety of things not just investment. that's why cryptocurrency is in great demand
because it has many uses. you can shop, gamble, play games and so on using cryptocurrency

reality18

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Aside trading, cryptocurrency offer investment opportunities where investors buy valuable coins at certain low price and sell at certain high price after the coin rises.
Also, cryptocurrency are used to purchase online goods and services. Shops like egifter, overstock.com, newegg etc accept cryptocurrencies for purchases.

BartS

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Quote from: olumyd on October 02, 2018, 06:56:14 PM

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

That could be a way to increase the usage of cryptocurrencies but this will push the usage of cryptocurrencies in a very specific context and it seems to me that what we are looking for is for a few cryptocurrencies to be used all over the world in most stores because I find unlikely that the average person is going to want to hold many coins the way we do, in my country people only hold the local currency and at most US dollars and Euros and a similar approach should be tried with cryptocurrencies in which people only need 2 or 3 cryptos to pay for everything they want.

Topic: Apart from trading where else to use crypto? (Read 2271 times)