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Topic: Bitcoin hitting it's target - page 2. (Read 506 times)

legendary
Activity: 1974
Merit: 3152
LE ☮︎ Halving es la purga
February 03, 2023, 06:04:52 PM
#30
One shouldn't put a sad or happy story to "justify" pay or use bitcoin, I think they were the "cool" stories of yesteryear.

Today, you should, at least on this board, have a discussion like the one mentioned in the quote below, regarding, did you take advantage of the currency exchange, and add discussion on points like; the doctor or the institution have a specific address, how did you get the address? , by Qr, by message by some App, a "write it there"...etc.

Bitcoin hitting it's target: this seems like a cheap promotion to booster idea that he was able to pay, in the classic style of TDC, he really was able to pay because he had the money/BTC. Bitcoin intrinsically has its idea of a means of payment, it did not break elementary barriers, well yes, but!, they are "burned" stories from yesteryear.

Imagine the same situation, but, a person "A" has the cash but does not like bitcoin, wants to help him, but does not accept bitcoin,well! this person consults with another person close to him, person B, does not live there in Nigeria, person B He tells him, Tell the user OP, to send me the bitcoin to this address, this person sends person A a Qr image, and him adds, " give OP the cash, but before You must wait for me to confirm the reception of BTC," so,  they confirm Txs, The person A deliver the cash, later on person B will be making the transfer to person A account.

That is only one of the elementary barriers that can be jumped with bitcoin, in just a few minutes. Those things are incredible, exciting after so many years and although depending on the country (people)  they resultthey trivial.


To cut long story short letter That's day I paid 0.046591 BTC.

You could have easily used your debit card to pay the bills. You actually paid more(0.046591 = $1094.98 at today’s price), the exchange rate in Nigeria is 750/$ meaning you paid N821,235 instead of N500,000. It’s a bad transaction in my opinion, you lost over 200k in this single transaction. I doubt the legitimacy of this story because either parties should have been aware of this error when calculating the amount. OP is known for his tall tales and evading ban.

Thank you for that additional information, that should guide the discussion of the topic.
hero member
Activity: 1204
Merit: 802
Leading Crypto Sports Betting & Casino Platform
February 03, 2023, 03:40:36 PM
#29
I don’t want anyone doxxing themselves on the internet over a petty argument. Whatever his intentions were, it doesn’t matter. OP is a ban evader and would soon be banned anyways. In my experience as a business accepting bitcoin payment in Nigeria is that people don’t want to spend their bitcoins on commodities or services, they prefer to hodl it as an investment or store value against the naira inflation.
Since you are from Nigeria, how plausible is OP story that he managed to pay hospital bill directly using Bitcoin? I mean I know that crypto payments are popular in your country, but isn't government kinda still against it, meaning why would they allow (public) hospitals to accept bitcoin as payment? I wish its true, but to me it seems way too far fetched.

Its one thing for hospital to work with 3rd party service in order to accept bitcoin and they end up getting fiat, like its the case with 99% of the businesses that accept bitcoin and entirely different to accept bitcoin directly p2p.
Well he didn’t say it was a public or private hospital. Public hospitals here wouldn’t dare accept bitcoin payments, private hospitals on the other hand may be flexible especially in these times. Personally I have tried promoting bitcoin adoption through my business and most of the people I talk to and have introduced to bitcoin are very optimistic about bitcoin and end up buying bitcoins for themselves, but never have any paid for my services using their bitcoins. They feel spending bitcoins is a bad investment choice.
legendary
Activity: 1722
Merit: 5937
February 03, 2023, 02:49:58 PM
#28
I don’t want anyone doxxing themselves on the internet over a petty argument. Whatever his intentions were, it doesn’t matter. OP is a ban evader and would soon be banned anyways. In my experience as a business accepting bitcoin payment in Nigeria is that people don’t want to spend their bitcoins on commodities or services, they prefer to hodl it as an investment or store value against the naira inflation.
Since you are from Nigeria, how plausible is OP story that he managed to pay hospital bill directly using Bitcoin? I mean I know that crypto payments are popular in your country, but isn't government kinda still against it, meaning why would they allow (public) hospitals to accept bitcoin as payment? I wish its true, but to me it seems way too far fetched.

Its one thing for hospital to work with 3rd party service in order to accept bitcoin and they end up getting fiat, like its the case with 99% of the businesses that accept bitcoin and entirely different to accept bitcoin directly p2p.
jr. member
Activity: 322
Merit: 1
Bitcoin the future of finance
February 03, 2023, 02:35:17 PM
#27
To cut long story short letter That's day I paid 0.046591 BTC

I think that is a mistake as the amount that you have paid in Bitcoin could have given you a significant amount of return in the long term. There are multiple ways to make a payment, for example, you could have used a debit card, issued a cheque to the hospital, or could have got a banker's draft from your bank.


Mate Its not how much he pays when the price of BTC is under 20k$ but use it as a medium of payment and its acceptance ,
As you said bitcoin is started using as payment method, but we know that asset is highly volatile therefore we need to focus on value at that time of payment ,
In my opinion using bitcoin for only transfer of funds then transfer it to stable fiat is an option if you not want highly volatile because of uncertainty of price/value .
What are your thoughts .
legendary
Activity: 2814
Merit: 1192
February 03, 2023, 02:13:59 PM
#26
There was a similar story a couple weeks ago about someone who paid his medical bill in bitcoin. I don't remember who made it. Was that you?

You guys do understand that OP is nothing but a ban evading bullshitter who makes up stories in order to scoop a couple of merit? Judging by all that praise and serious answers you obviously don't, or maybe you don't even care.
He is reported so hopefully his accounts get nuked and all posts deleted, liked it happened with the previous one.

Are you sure about that? Op claims to be a newbie Wink

Am new on this platform

You make all this effort and the next guy below you comes and posts praises like nothing happened. I'm a troll at heart so I have so much in here every single day when I see those brainless posts when someone doesn't care what the guy above him wrote, he just reads the thread title and maybe the first sentence of OP and it's typing time.

Then I check his last posts and literally in the post before the one in this thread he gives advice to someone else
I buy when the price is low and sell when the price increaseses.

hero member
Activity: 1204
Merit: 802
Leading Crypto Sports Betting & Casino Platform
February 03, 2023, 12:29:49 PM
#25
To cut long story short letter That's day I paid 0.046591 BTC.

You could have easily used your debit card to pay the bills. You actually paid more(0.046591 = $1094.98 at today’s price), the exchange rate in Nigeria is 750/$ meaning you paid N821,235 instead of N500,000. It’s a bad transaction in my opinion, you lost over 200k in this single transaction. I doubt the legitimacy of this story because either parties should have been aware of this error when calculating the amount. OP is known for his tall tales and evading ban.
500,000 is for hospital bill and the rest for for some other stuffs like drugs and foods.
If you ready carefully you will see bills and not bill.
Thank you

If you can attach the receipt as proof, that is even better because I don't believe your story either, stories like this are for the purpose of seeking merit, not for sharing about experiences with bitcoin. I also agree with SatoPrincess, you can use debit card or other payment methods without the help of bitcoins.
I don’t want anyone doxxing themselves on the internet over a petty argument. Whatever his intentions were, it doesn’t matter. OP is a ban evader and would soon be banned anyways. In my experience as a business accepting bitcoin payment in Nigeria is that people don’t want to spend their bitcoins on commodities or services, they prefer to hodl it as an investment or store value against the naira inflation.
legendary
Activity: 2324
Merit: 1384
Fully Regulated Crypto Casino
February 03, 2023, 11:48:22 AM
#24
At least its greatly been used in your country. People are still skeptical about bitcoin thats why we cant generalize all countries that uses it. Some utilize it and some just olain simple fiat. Though we all knew that bitcoin usage will keep increasing in the future, its value will appreciate as all countries that arent joining the wagon will soon realize its convenience.
legendary
Activity: 1722
Merit: 5937
February 03, 2023, 10:48:07 AM
#23
You guys do understand that OP is nothing but a ban evading bullshitter who makes up stories in order to scoop a couple of merit? Judging by all that praise and serious answers you obviously don't, or maybe you don't even care.
He is reported so hopefully his accounts get nuked and all posts deleted, liked it happened with the previous one.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
February 03, 2023, 10:44:00 AM
#22
You have had an interesting experience, I am glad for you that you found a way out of the situation and you managed to make a payment in bitcoin.In my city, it has recently become possible to pay for an online order at a pharmacy using cryptocurrencies, which is also very convenient.Although there are no problems at the moment with both cash and non-cash payment methods.
There are countries wherein cryptocurrencies are not prohibited but are not also promoted to be used especially on a daily basis. It would depend solely with the merchant or business owner whether to accept such kind or mode of payment or not. In my country, I saw small businesses who started accepting this technology as one of the payment options. Unfortunately, they have shut their business eventually. My assumptions are lack of sustainability with the business itself and profit. On sales industry, a company or business will need to revolve the fund in order to generate profit. So how come such thing would happen if owner hesitates to convert or sell crypto holdings considering market price behavior. So maybe to those who are planning, gauge the risks.
hero member
Activity: 2632
Merit: 649
VPN Friendly & Exclusive Bonuses!
February 03, 2023, 10:35:08 AM
#21
You have had an interesting experience, I am glad for you that you found a way out of the situation and you managed to make a payment in bitcoin.In my city, it has recently become possible to pay for an online order at a pharmacy using cryptocurrencies, which is also very convenient.Although there are no problems at the moment with both cash and non-cash payment methods.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
February 03, 2023, 09:59:52 AM
#20
To cut long story short letter That's day I paid 0.046591 BTC.

You could have easily used your debit card to pay the bills. You actually paid more(0.046591 = $1094.98 at today’s price), the exchange rate in Nigeria is 750/$ meaning you paid N821,235 instead of N500,000. It’s a bad transaction in my opinion, you lost over 200k in this single transaction. I doubt the legitimacy of this story because either parties should have been aware of this error when calculating the amount. OP is known for his tall tales and evading ban.
500,000 is for hospital bill and the rest for for some other stuffs like drugs and foods.
If you ready carefully you will see bills and not bill.
Thank you

If you can attach the receipt as proof, that is even better because I don't believe your story either, stories like this are for the purpose of seeking merit, not for sharing about experiences with bitcoin. I also agree with SatoPrincess, you can use debit card or other payment methods without the help of bitcoins.
legendary
Activity: 3052
Merit: 1281
February 03, 2023, 09:46:46 AM
#19
Today I was so glad because I was stressed free all because of Bitcoin.
To cut long story short, I went to pay the hospital bills of my younger brother who has been in the hospital for about 1 week now and I have to pay the sum of 500.000.00 naira based on no cash in my country ( Nigeria ) you will have money in your bank account but you can't withdraw from any Fiat bank. So there's scarcity of money in the country for now. So based on that I asked the  doctor if I can pay the hospital bills with Bitcoin and he said yes. So I was surprised based on my first experience paying bills with Bitcoin. To cut long story short letter That's day I paid 0.046591 BTC
I will say Bitcoin is going so far it's hitting it's target.
If people starts using Bitcoin as form of payment in there businesses it's will reduce stress.
Why do I say it will reduce stress?
Because you won't be counting fisical cash anymore and you don't have to carry any money to the bank.
So please you guy should try and stork Bitcoin because very soon it will be used as form of payment in all businesses.


You are quite lucky you encounter a doctor that accepts BTC, let alone the hospital.   As far as I know, you cannot pay the doctor directly, you have to go through the hospital cashier and pay with your money.  So this is saying the hospital is accepting BTC as a mode of payment?

Anyway, Bitcoin, as stated, is always been an alternative payment to those services that accept cryptocurrency.  It is really a convenience since I also have a first hand experience where I pay my online transaction through Bitcoin payment options.
sr. member
Activity: 2044
Merit: 330
February 03, 2023, 09:42:18 AM
#18

Your story is a sweet one. I did not know that hospitals are now beginning yo accept bitcoin, maybe it is a private hospital? Nigeria doctors with their arrogance are now beginning to realise that there is something good in bitcoin? Can we know the name of that hospital and its location so that we can check it out when we are sick or refer other bitcoin fans to it for patronage.
legendary
Activity: 2898
Merit: 1823
February 03, 2023, 08:52:32 AM
#17
No wonder why Nigeria placed top 1 for searching "how to buy bitcoin"



From what I understand, the Nigerian government is replacing or redesigning their "old" banknotes, rendering them unusable for physical exchange; essentially, making old banknotes worthless while making the exchange process much more difficult – so people are opting for cashless transactions.

Isn't this an old trick used by the government to subject people with large sums of money to taxation?


Plus research Nigeria's citizens opinions in their country's Central Bank "e-Naira" CBDC. Their people's trust in their own legacy financial system is so low, that they prefer using Bitcoin. Cool

Congratulations, you have experienced how to use bitcoin as a payment option when you can not use all the methods you usually use. You are lucky to be able to pay using bitcoin. You can spread the news to many places, especially those treated at the hospital. And when they do not have enough money but carry the money in a bitcoin wallet, they can pay through their bitcoin wallet. And the presence of bitcoin in society can significantly change them.


Because of the soaring distrust in their financial system, the Nigerian people will find a way to get paid in a more reliable form of money. Inflation in Nigeria is more than 20%. Although Bitcoin's price is volatile, it might be more stable to HODL Bitcoin than Naira.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
February 03, 2023, 08:51:31 AM
#16
Did you pay directly to the doctor or you have to pay it on their cashier? I'm just curious though since you've mentioned hospital bills, it's possible that it's the entire package including the doctor's fee.

Well, regardless of it, it's way to go and bitcoin really is being used of what it should be used aside just from being an investment.

Good thing in your country, the adoption is spreading and we might see more good stories such as yours on how they've paid a service or goods with bitcoin.
Yeah i feel same too because after thorough calculations the figures doesn't add then i thought maybe he paid into the hospitals account so maybe he also added some additional fees since the OP stated it was for bill(s). Even at that its still a positive view seeing the rate of how bitcoin has spread like wildfire all over africa especially Nigeria.
sr. member
Activity: 924
Merit: 365
February 03, 2023, 08:46:17 AM
#15
One of the reasons why bitcoin is created is to help people in their time of need when fiat fails. I know how relieved and happy you are when the doctor says that he also accepts bitcoin as means of payment.

How I wish the media will get to know about this(how you use bitcoin is settling your younger brother's hospital bills). As bad as the media and the government are up against bitcoin, I don't think they can spread this  testimony of yours on how bitcoin saved you in a time of need when the Nigeria currency is scarce for its citizens
legendary
Activity: 1106
Merit: 1113
February 03, 2023, 08:35:10 AM
#14
To cut long story short letter That's day I paid 0.046591 BTC

I think that is a mistake as the amount that you have paid in Bitcoin could have given you a significant amount of return in the long term. There are multiple ways to make a payment, for example, you could have used a debit card, issued a cheque to the hospital, or could have got a banker's draft from your bank.

It could have even been easier to do an electronic transfer using mobile apps or bank codes. But I think OP was just excited that the hospital has an option for Bitcoin payment and the bank charges for transfers might be high. But it is quite interesting to hear how Bitcoin is helping people during emergencies. We have been hearing and experiencing great news about Bitcoin in some parts of the world where the currency is gaining more attention and experiencing massive adoption. The most amazing part of it is that Bitcoin transactions are restricted in some of these countries. I hope your brother recovers very soon.  

hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
February 03, 2023, 08:23:22 AM
#13
Isn't Bitcoin helping you perfectly, and it is very interested for Bitcoin users.

Most people want this to happen, Bitcoin users can pay their bills via Bitcoin as an alternative, and it seems like what we do when paying bills using Fiat money either through a debit card or asking for help with bank transfers, isn't this similar. but this can't happen yet, because some countries still prohibit it / haven't given access to permits for Bitcoin, but one of the alternatives we can take can only pay bills with Bitcoin by exchanging it to fiat first.

Bitcoin is very reliable and is a very fast alternative for the needs of its users, it can make it easier for everyone from various aspects, especially payments and bills, here I think paying with Bitcoin is faster compared to bank transfers which sometimes always have network interruptions, we were a bit bogged down with bank transfers when we were in a rush.
hero member
Activity: 3024
Merit: 580
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 03, 2023, 08:18:35 AM
#12
Did you pay directly to the doctor or you have to pay it on their cashier? I'm just curious though since you've mentioned hospital bills, it's possible that it's the entire package including the doctor's fee.

Well, regardless of it, it's way to go and bitcoin really is being used of what it should be used aside just from being an investment.

Good thing in your country, the adoption is spreading and we might see more good stories such as yours on how they've paid a service or goods with bitcoin.
full member
Activity: 1304
Merit: 128
February 03, 2023, 07:59:19 AM
#11
If the fiat banks failed to provide liquidity, crypto will do its best to help those who are willing to accept it as much as possible.
Its good that your hospital bills was paid using your Bitcoin, that means they are slowly adopting any options just to give more access to every patient. The government should be more ashamed by not providing any security with your fiat currency, and the banks should not allow this to happen because in many country fiat are still the reliable money when it comes to an emergency like this. Bitcoin total adoption is still far from reality.
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