Bitcoin used for its actual purpose | Bitcointalksearch.org

dewi91

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Quote from: ipanks on January 17, 2018, 10:43:25 PM

Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

in my country especially in Bali, bitcoin use as a payment at a local store but unfortunately, I don't have the experience about this and maybe later if I am visiting Bali, I will take the chance to pay a cup of coffee with bitcoin. but in the rest city, I don't think that bitcoin is used as the payment. but personally, I use bitcoin to withdraw to fiat and sometimes I used bitcoin to buy electricity tokens with bitcoin. I heard in Jogjakarta, bitcoin is used as a payment for a coffee but unfortunately, I cannot find that cafe.

but to used bitcoin as a payment is illegal right? as far as I know the government prohibit the use of bitcoin, the government will give a warning to anyone who uses bitcoin as payment, although bitcoin is not banned in our country but we can't use bitcoin to transaction. and maybe now the store you mean is no longer receiving bitcoin.

yana0901

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The goal of bitcoin is to become a currency, which will be used absolutely everywhere. All you can and she can not?

ChConcept

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The Experience Layer of the Decentralized Internet

Here in our country, we already have a number of establishments and merchants that accepts Bitcoin as a mode of payment for their foos products and services. Also in Japan, Bitcoin is widely accepted as a currency already.

supermine

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I don't think bitcoin is largely used for its actual purpose of online transaction because even myself consider bitcoin as an asset or investment rather than being used as a currency.But in my country also it is not accepted anywhere as a mode of payment.Only I can buy product through online shopping like Amazon.But I have used bitcoin for buying digital good from overseas traders for my mining purpose but I don;t use bitcoin in regular basis only I am holding my bitcoins.

buhuchain

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Look at the news as if countries have accepted the use of bitcoin online shopping, hotel reservations, bitcoin transactions.

barneystinson

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

Hello, in my country bitcoin is used as a form or remittance for people who wants to send money to their relatives. It is also used to pay for a particular convenience store.
We also have affiliate businesses where you can pay the usual commodity like water and electricity bill using bitcoin.

xSkylarx

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

In Japan bitcoin is a currency where you could use it as an alternative for fiat, if you don't have money but you have bitcoin, then you don't have to worry getting yourself starve to death because bitcoin is always there for you. How I wish that we could use it globally if we don't have fiat but it seems like too good to be true right now since not all of the Government are pleased by bitcoin.

altcointalk14

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Quote from: welljo0108 on January 24, 2018, 02:23:55 AM

Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

When u have btc u can used it for any purpose like paying payment ,buying online shopping, also.

Share in gold mine.We're going in Yukon, Canada, and a local gold mine, which participation private investors. The units can be bought with the Bitcoin. Maybe not a bad investment?

yuyuchain

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Bitcoin has not been actually used in my country and is even banned.

Granslam

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Bitcoin is a very good by means of medium during exchanges and transactions because it is more flexible than fiat currency. Bitcoin is a hassle free when used in transactions such as send and receiving money with just a click and slide on your smartphone or computer you can do it. Well it is created to be a currency and not an asset at all though it has a high value .

welljo0108

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

When u have btc u can used it for any purpose like paying payment ,buying online shopping, also.

Cheyenne

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Indeed, in countries where inflation is high, bitcoin is likely to be a new means of payment, replacing their country's legal currency.
But for now, bitcoin transfers are too expensive, not fast enough to be used for small payments.

heyfranzen

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In my country when some of the users receive a money they change it into real money so they can buy here in our own market. Some, buy a food in store or things for their family because bitcoin money is not accepted at any store.

Yakamoto

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

I know there are a few places around here in Canada that are using Bitcoin "properly" as a currency but the entire thing hasn't really caught on in an insane way. It still remains mostly niche for what it is, and in a way, I'm fine with that since there isn't anything to really detract from the overall impact and influence it has on the community while it remains in its infancy. There might be a bit more growth when it comes to places that will accept Bitcoin in the future, but for right now the small homely aspect of it makes me feel a lot better than it would if it was a massive and ubiquitous thing.

I think the Swiss were also using Bitcoin quite significantly as well, but don't quote me on that.

CarylnBoy

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Bitcoins that we know are unorganized and can only be known to some communities, Bitcoin is often used as a payment alternative. Bitcoin can be really beneficial to all parties as long as it is properly arranged and does not harm some parties. In the future, bitcoin will be accepted and developed by the world and used all over the world.

zhekinsp

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Well,I will say bitcoin is not yet ready to be used as a currency.No one is willing to wait for hours until the transaction get confirmed and the fee is high like $10 for a single transaction and it is not affordable fee when we buy something for $2 worth of product.So we are in the early stages and rarely people using bitcoin as the payment.
In my country no where I can pay in bitcoins still now.I think atleast 5 years needed form now to start using bitcoin as regular fiat currency.FOr now it is only investment for me and many people as well.

jdl0930

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Bitcoin is used to pay for a variety of goods and services. Bitcoin can obtained either by trading other money, goods, or services with people who have them or through mining.

LeveldKrypto

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I think that the price is flactuating to much now for it to be a stable currency. When the whales have sold out, the price have dropped and the coins have been devided on more people, the price will stabilize more.
Until then for me its simply an asset to trade with, and way to risky to spend on bread and milk.

Who wants to be the next 10.000usd pizzaguy?

dhrazzen

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

When we are going to search in the internet there are lots of store or shop accept bitcoin, but it is not yet known by everybody simply because bitcoin is not legalize worldwide and some countries ban bitcoin. But sooner or later I know bitcoin will conquer the world of cryptocurrency. Bitcoin will be accepted and used worldwide.

BlackPanda

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

There are many places that use Bitcoin today, but they are not organized yet and may be known only to certain communities. Usually they receive payment with Bitcoin and also real cash so that Bitcoin is usually used as an alternative as payment. Maybe there needs to be a regulation that can manage everything, Bitcoin can actually benefit all parties as long as it is arranged appropriately and does not harm some parties.

Topic: Bitcoin used for its actual purpose (Read 452 times)