Topic: Can you use Bitcoin as a practical currency? - page 13. (Read 1870 times)

Yes we can use it as practical currency nowadays because it has been known by many people and it has a power to be use as a practical currency. It this further people around the world will gonna use it as their practical currency.

First of all it depends on the country you are living, and bitcoin is legal or not. If it is legal, then you can buy and sell products by exchanging bitcoin. If not, then you can transact bitcoin from bitcoin atm and then you can use it.

In our country we cannot use this currency in the daily needs as govt is not supporting the crypt as they fear that it can cause the dangerous effects to the economy if the scam increases as people are trying to scam other citizens of the country through this means.

It basically depends on the country you live in. Because if bitcoin is banned in you country nobody will accept it maybe. If it is not banned then you can do your transaction. As bitcoin is a digital currency you will have to go online to deal with it.

You can not use bitcoin directly right now. You have to transact them in online from bitcoin atm. Then you can use them. Currently it is the only way you can use them until there is no new way to credit them.

Right now we can use Bitcoin in two ways, first one would be regulated and allowed with the governmental system, and the other way would be an illegal dark net activity.

I don't know how can you make that happen but I know one thing- you shouldn't try that. The reasons are those which you quoted but there are more. You can lose money by using Bitcoin everyday, even if you aren't selling it, the price could go lower and you will be paying more Bitcoin for the same stuff. Try that only if yoi have shops which accept Bitcoin nearby and if you have a good budget.

Yes, there are already services that can accept bitcoin for payment.And it's very cool.Now bitcoin and cryptocurrencies are beginning to enter our lives tightly.

You can use bitcoin as a practical currency, because it is one and people accept it to be one. That is not the debate.

I mean, just go to any online store that accepts cryptos and buy something. Bitcoin is fulfilling its role as a practical currency right there, on the base level. You are using it as a medium of exchange across the internet.

I think that what you mean by "practical currency" is really "real life adoption and use", which is definitely low right now. However, as more merchants enter the market, this could change. With time, I think we could see the possibility of seeing major retailers accepting bitcoin worldwide, if not smaller ones as well.

Yes, In my opinion Bitcoin has all opportunities to become the global currency that can be used as a method of payment. I hope that people will develop this direction

Using bitcoin as a practical currency will be a little bit hard and even here is also a probability to fail.I agree that bitcoin is popular and people wanta to earn bitcoin but the bitcoin currency has a limitation among the crypto users and  normal people dont even know about bitcoin.so In some country It is very hard to use bitcoin as a paper currency and some country has banned bitcoin and I belong from one of those cohntries.so I cant use bitcoin as a paper currency.

it's too early to use btc in everyday life. moreover, the markets are moving so fast that the value of what you buy as the money is transferred changes.

a) directly from exchanges itself
- Some exchanges have online partners stores so finding a store will not be difficult.

b) directly from the online merchants
- Just like the usual online shop with BTC payment on it.

For the popularity of bitcoun and demand in public it became the best coin of the crypto currency  and it is now the king of crypto world.And everyday all the new currencies are launching in the crypto market people exchange them or buy them using bitcoin. Local bitcoiner also sell them to each other and somewhere bitcoin is now accepted to exchange ingrediants also.Though bitcoin has done a  great success but it is till hard to use bitcoin as a practical currency.

Most of us can not use in some reason. Firstly we don't want to use it because we are waiting price go to moon. Secondly, we don't wan't to regret in future. Because someone has bought some pizza with lots of Bitcoin.

I would wait until the lightning network is released and the fees are much cheaper and the speed is much faster. There are TONS of legit sites that you can buy anything online, except using Bitcoin.

Bitcoin is a digital currency that can be used at any point in time, and also make it easier transaction to convert to country of your location for a daily used. More over bitcoin has potential and value to serve the world.

Actually, it depends on the community or people in the world. Are they already accepted bitcoin as a currency or not, when all of use already accepted it. Then it will be easier to use it as a currency.

I normally ONLY use bitcoin as my currency. I use it almost everyday for buying all sorts of things. To my mind, you are not a bitcoiner if you don't use it as money.  But what I think does not really matter. Anyway, here is how to live life at a discount.

Buy some bitcoin when there is a crash. Today is a good day actually. Don't wait until everyone is buying and the price is going parabolic. Buy when everyone is saying "bitcoin is dead".  Now wait until the price goes up. If you had bought last week you could have seen a rise of over $1000 per coin. When the price is up go shopping! There are over 100K places that take bitcoin and if you look you can find about anything. I recommend a place like Overstock.com as a start. Their payment system is very familiar and easy to use with bitcoin. 

Now deposit more money into your exchange and set a low buy price to start all over again.  By repeatedly doing this you end up living life at a discount. Not only are you saving on trade fees by spending BTC, you often get an additional discount for using them. At Overstock I think it's 3%. Why? Because you saved them 3% over what they would pay for a credit card purchase.

If you must fancy yourself an "investor" then consider diversifying by directly using your BTC. For example you could buy a gold bar from here:
 ( https://www.amagimetals.com/gold/bars/10-oz-pamp-suisse-gold-bar-999-fine-gold.html ) Notice that you are paying about $400 less than if you had used a credit card. P.S. don't buy alts to diversify. ALL alts are tied to the price of bitcoin and do not diversify your portfolio at all.

Cheers, RDX

if in your country bitcoin is legal then it is good to use buying and selling of an item just by using bitcoin especially the progress of bitcoin which is so fast for example we can buy something now only with Bitcoin online Just google it and you will find it.