Topic: Buying goods or services using crypto - page 6. (Read 24632 times)

I am not Indian but I know many people from there and have some good friends there so I think I understand the mentality of them a little bit (as according to their explanations hehe). Indian government does not want their people to be "too free" or they give up on the state and political parties who hold a LOT of power and money to enrich the few. Imagine if you allow crypto and stop using the banking system that empowers the wealthy,,, bad news for a country of over 1 billion people.

I don't understand why the government of India doing this to the cryptocurrency, they don't know I guess that people can still be used crypto using the P2P market to trade or purchase products. But fortunately, there's good news because you can still use Amazon to purchase products without worrying about using bitcoin.

The best practice is always to have research regarding the law in your country if bitcoin is allowed to use, it means all online or offline merchants also do the same.

But at least you can still hold and trade cryptocurrency, right? If so, I think it still looks good because you can still own cryptocurrency.
Buying any goods and / or services using crypto is now widely available because even, when I installed an application and I saw them receiving deposits in Ethereum and that is a big thing, because somehow we can still use it with cryptocurrency.

In my opinion the best thing is to hold your bitcoin because for now the price is slowly recover.
Holding ether and bitcoin is a good for a long term for you to get a good profit.

i see right now market will must be correctly until april or mei ,its 2017 moment but another reason . but market still interesting , so many dev make action for future coin and i like it .
its will make crypto grow up . sorry for my grammar .

I've heard a lot of people talk about buying and selling services under crypto's payback. I think that's good news because more and more people are going to know the crypto's money and not make it less likely to affect the crypto, although in my country it may not be allowed to do so using crypto asa transaction device, and it still is Using crypto and I think it's still comfortable using real money, which I hope the more this kind of thing will change people's view of the crypto world, and the more interested it will become, and perhaps little by little it has already come to pass

You are right!

Its not worth to spend your precious coins if you can buy it on fiat then better to save it off for the future.
I have spent up some coins but only on buying some steam wallet codes in bitrefill.
I do found it to be much more cheaper rather than on buying it on typical online stores via fiat but those are the good old days
because now the fees are too high and it isn't really worth to spend on.

In this present world, there are many things that will soon happen and part of those things are the acceptance of cr- ypto as a major means of payment. Though some govern- ments are placing a ban on crypto acivi in there countries. Asking the banks in such country to close any account related to crypto. This is a major set back, but with time I know things will get better. I see a world of free and transparent means of transacting. A world where fraud will be impossible. And I believe crypto can make that happen. It's  only a matter of time, the world will know the importance of this Digital currency. Very soon it will happen. And everybody will see it.

There are lots of merchants that do accept bitcoin as a form of payment into those goods or services but the thing i had in mind is that really worth to be spent off?

Yes we do need for it to circulate but we cant avoid the fact that majority of bitcoin are holding up their coins instead on using it on things which they can actually be bought on using fiat.

Its not a bad idea though if you are really into adoption side but i highly doubt that people would really be dealing with active spending  of those coins if they do know
the probabilities or chances of making even more money on just simply holding.

There are lots of things you can buy and sell using the crypto and even obtain some of the best services with its help. if you look up the goods you can buy with crypto in google it will tell you sooo many options like in Dubai you can get cash money by exchanging crypto on an ATM machine you can get even Gold out of ATMs. and lots of papular brands in many countries are accepting the crypto as payment so look up quickly 

Instead of buying sevices and goods using your cryptocurrency, you should just use it for investing even more and trading cryptocurrencies so it will be much into a higher profit

Lots of good comments, IMO, humble or otherwise, what I see right now is a lot of buying and selling with the intent of moving the market up and down.
I just saw a user dump 22 bitcoins on one of the exchanges and it choked on it.   The price went from 31950 down to 31200 in seconds.  What struck me was that this kind of thing is not really what bitcoin was made to do.   People are buying in the hopes that it will go back up to 40,000 and they can make a mint.
That is NOT going to happen anytime soon.   I believe that the real value over time is going to be in purchase power.  More so when we start seeing less and less value over the next few weeks.   The main problem right now is that this constant up and down action driven by people who are manipulating the market for what they can get out of it, that is going to continue to drive down the price and without some kind of market place beyond just the buying and selling of the product (just like a stock) eventually we are going to see the SEC and the FED, (us only) come in and start regulating it simply because what they see is only the manipulation as it were a stock, without any kind of oversight.  I dislike the idea of the SEC and its many tentacles of greed but its coming..  Unless we start to see some real world provision for spending and using this crypto, (which is difficult, because of how high or low it continues to move)  One day you might get a tank of gas the next something off the dollar menu at burger king.   That just does not work well for the average Joe or Jane.  Up down or sideways, I really think that a lot of people are going to be looking for trade value or purchase value, over selling on an exchange, (another whole topic) (stinking exchanges< LOL) IF you got some bitcoin at 30,000 and you look at value, when you try to sell it, you end up barely breaking even but if you can find a trust worthy market and buy some things that you would normally spend money on, well that's better breaking even and that is where I suspect a lot of people are going to end up over time.

The first risk of getting a credit card is the possibility of debt. You could find yourself in a high debt if you can't afford to pay back what your barrow. If the card offers certain extra features, the credit card providers can charge high rates of interest. There are no obstacles in Bitcoin like this. For example, if you want to buy iPhone with Bitcoin system, you can easily do it. Furthermore about using a credit card, if you have a poor credit history, they will charge high rates of interest for you. The interest rate may be pass over 20% rapidly if you can't pay the balance too. All of these show us how to profit the Bitcoin is in fact.
You can find a lot of stores that accept Bitcoin like spendabit or AWB. Exp. you can buy iPhone with Bitcoin.
exp: https://applewithbtc.com/

Not recommended for beginners without knowing how to do it right. Because in the end fluctuation will burn all their capital if they don't know how to do risk management.

Cryptocurrency prices are always fluctuating and it's hard to see it steady all day long. So, everyone first need to know how to do it right before they use real money to trade or invest. No one should ignore the risks of trading and investing, which is why I think people should really learn before doing.

Crypto is a good suggestion for a good investment. So check the market price then invest. It easy for all countries and anywhere to use crypto. Crypto price is any time to up and down. To analyze the market price every day. Then easy to invest the cryptocurrency. It a future currency so it any time to help to your life.

Dont think there is tho, you might even just get scammed with some other crypto marketplace, the best decision is to just hodl and trade some altcoins with really good volatility to earn.. But if you really want to, you can try OpenBazaar (openbazaar.org) , its a free marketplace

I think that's where the world is still going to. A world where we can cash will not be required to buy anything or made any transaction. And I know of some stores where you can buy goods from their stores using cryptocurrencies as a means of payment. And not only that too, but you can also withdraw from your BTC wallet straight. The world is going cashless, and Cryptocurrency will still change, and changed alot already. I'm looking forward to getting my first crypto card.

I always buy good products 

Buying goods

Yes I totally agree. Being possible to use crypto in everyday helps a lot. Living in country which is not part of EU using crypto in everyday helps even more.