Topic: Apart from trading where else to use crypto? - page 9. (Read 2271 times)

There are lots of used when we talk about cryptocurrency aside from trading crypto can be used in doing investment, gambling and also as a mode of payment when you bought items over the internent.

It is supposed to be used for buying and selling so we were using them wrong for the trading purpose only.We need to start paying with cryptos if anywhere crypto currency is accepted or pay your debts in bitcoin and teach the other person about cryptos and it will keep going.

   The use of crypto is not yet fully accepted by the main stream market globally, we have issues to resolved like Regulation by the government financial institutions, once Crypto is fully accepted by the market with the government accepting its full potential then its an open market? business using crypto globally, at this time we experience limitation on its usages.

This is not the moment to waste your cryptocurrencies, this is the moment to get hold of as much of them as you can, I know this is not an easy task because each day that passes more people enter in this market and that means more competition in whatever way you are using to generate money but it's something that you will have to do because the benefits in the short term are nothing short of amazing.

Accepting any form of payment globally be it fiat or digital will take decades before it will enter the mainstream. Several project ranging from medical section to marketplace are on the pipeline. Some are functioning already, just go to google and type " where to buy things or pay for services with cryptocurrencies" you will see several platfrom.

Doing business in the real world by combining crypto options with business fields that are developed is certainly not easy to do, especially in countries that do not have government legality in crypto use for transaction facilities. so in my opinion to achieve such a goal there needs to be a role for the government especially in terms of crypto legality.

unlike a few years ago, now you don't need to be confused about using bitcoin for spending or shopping, the increasing users and good development are so influential that many merchants and agencies start accepting bitcoin. so you don't need to be confused where to use bitcoin..

You can do almost everything you wish, but usually that happens online, you can book flight tickets, buy things from amazon, etc and etc. Ripple may be used by financial institutes too.
You can own bitcoin debit card and pay with it, I have no idea why you want to harden everything. Is something wrong with paying visa card? Don't tell me anonimity, why the hell anyone wants to purchase potatoe with bitcoin?

Paypal accounts are getting banned left and right for promoting ideas that aren't politically correct.

https://www.independent.co.uk/life-style/gadgets-and-tech/news/alex-jones-sue-paypal-infowars-website-blocked-a8566226.html

"The lawsuit alleges Silicon Valley firms are 'discriminating against politically conservative entities and individuals'"

Crypto payment platforms will prevent this sort of thing from happening and there will always be a medium to be payed.

tokens and coins besides being used in trading on the market it is possible to invest coins and tokens only, so they only buy to save in the hope that the value will increase for the next few years. coins and tokens can be spent on real goods needs but again the infrastructure from crypto which supports the trading of goods is still lacking and the value of the crypto which is still very volatile makes this still rarely used

I do not think that this is a case in point since I personally believe and based on the market drive and speculations, that the market would maintain its volatility because of the competitiveness of the market even at the height of adoption. For example, the USA alone has 8% of it's population already owning tokenized systems, this hasn't affected the adoption rate or helped the volatility problem. Please note that they are already OWNING. Also note that MERCHANTS AND INVESTORS are high-risk takers therefore tokenizing their systems would not be a problem. I believe that the challenge here is the ability for the already tokenized systems to reach down to the RETAIL MERCHANTS. Considering the example of The Tapcoin which is already used in various hotels and can even be gifted and used to redeem free drinks and has its application -hoochapp- on both ios and android platforms. We must also note that the volatility is not because of the lack of adoption but the consistent Airdrops by competing products. It is just as volatile as the Foreign Exchange system. Let us design systems that are low-end-user-friendly and copletely break the fiat driven business protocol. Let's not portray bitcoin and other crypto currencies as a store of value but a value exchange system.
I'll love to know if there are other projects that have answered these needs.
BREAK THE MERCHANT-MONOPOLY
GIVE THE PURCHASING POWER TO THE CONSUMERS.( make them want it).
Else it would become another GOLD that cannot be made available to everyone except at a particular very high cost.

Crypto can work as real currency which can used to buy different stuffs online. You can make it bitcoin and change as fiat. Using it for a gambling site to win more and earn more without counting your lost. I used crypto by investing in potential coin and hold it for long term. When you do not want to trade, you can stop and keep it on your account because that might worth high profit when you need it.

   

      One should know how to maximized the market not only on Trading, HODL, Investment either long term or short term, The issue on how to use your Token in general public is still under studies, not all country or Business community are open foe Crypto exchanges in the market as general usage, This the main issue in term of Regulation by government and, Financial Business community. one should learn the market on Crypto Digital Transaction.

franlky speaking, its nothing much can do besides trading. no like you can really buy grocery with bitcoin right now, except your country currency is way more volatile compare crypto, it hardly can do anything right now. it might have bigger application in larger scales like international transaction.

there are some projects with real product solutions. they issue utility tokens for it. for example there are real estate projects that you can even buy a villa by using their ethereum based erc20 tokens.but ofcourse they are not yet so much popular.

I have been using bitcoin to purchase vacations via expedia. I have went to ukraine this past summer and I have paid my hotels in kiev and lviv via expedia and paid in bitcoins for them.

I have also cashed out some bitcoins while I was there to spend on some extra stuff I did not foresee, there was too many great restaurants in lviv so I had to spend a little too much because I thought I probably won't go there again for a long time and just go other countries so why not just do everything I can while there. There was couple places that took bitcoin so that was great. Basically my vacations are fueled by bitcoin and directly, not cash out and purchase but really just pay in bitcoin.

Business is not using bitcoin now as a mode of payment and that is because bitcoin price is not stable and we need stability in other to be able to make money from the cryptocurrencies industry.  If bitcoin price can be stable and governments were able to establish laws that can help in cryptocurrencies development 

There are transactionary purposes which include any transaction of money like transferring the amount from one country to another, in purchasing of the goods and services and to save value.

There are people who have their extra money saved in banks and there are those who invest in Bitcoin to save it also keeping in mind the return that could be earned simultaneously. To pay bills and to solely hold it for future purposes that is long term investment. There are so many uses as the technology expands.

Indeed crypto should be use more than trading purposse but there was plenty of online shop which is accept crypto as the payment even you can satisfied your gambling hobbies use crypto but unfortunately these features is not belongs to the people who live in the countries who banned crypto because even they have bitcoin or altcoin but they cannot use that

Its a great concern that crypto that was supposed to be currency, but now most of the coin only can be uswd in exchanges, it quite hard to ask people to accept crypto when a lot of countries still hasn't legalize crypto, there are some shop that accept crypto, but because of the volatility, people prefer to used fiat, I ever see some alt coin that can be used to buy real physical things like msd or vexanium, but its not too popular yet and the developers still afraid of the government