Topic: Can you use Bitcoin as a practical currency? - page 3. (Read 1870 times)
I think bitcoin is becoming popular and it is used to make large transactions. The use of bitcoin for daily transactions is still not common. So at the present time bitcoin is more suitable for online transactions. And I believe that bitcoin payments will be a new trend in the future.
My friend earned a couple of days a few thousand dollars. Remember the moment when bitcoin rose to 20 thousand dollars? So, he bought it some time before these events and then sold it.
Bitcoin has two core functions of money : it is an exchange medium and a place to store value. You can use Bitcoin trading via the internet or some places where Bitcoin is accepted.
Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Quote
There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.
- Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
you can use it easily for online payments, also there are some cards that let you connect your account with cryptocurrencies, such as revolut for instance. Just do the research
The purpose of Bitcoin is as a currency for global transaction tools, this is done without the help of third parties, I think this is practical in the world of transactions. But Bitcoin is not yet suitable for micro transactions, Bitcoin is more suitable for large transactions or in business. This can be used as a practical currency because there are sub-standards that we can store and drag through a bitcoin wallet or any application that can save Bitcoin for any purpose in your life.
it can happen if both parties, buyers and sellers, have support for payment with bitcoin, for example the seller must provide a btc account to receive each payment transaction, so that the buyer if he wants to buy goods, he only has to transfer bitcoin from the buyer's account to the seller's account .
As long as it is not restricted in the place where you use it, yes bitcoin can be a practical currency. But it always depends on how they deal with bitcoin or crypto currencies, as long as they accept it you can use it, for now few have been accepting bitcoins, you can use it if you convert it into fiat.
As an individual motivation bitcoin has a great potential virtually of the currencies. But it all depends on the current situation and countries adoptation, if the government take risk of it, then the huge development of bitcoin will turn out as practical currency. And I know it won't take easily, a long procedure and process will consume some time before it will declare the acknowledgement. Only time and patience for the great thrives. In my country it will not accepted as a payments, i did not heard it, that there is companies accept. I think because in my country it is not develop yet, many places no internet or signal and it is not already legal but not also ban. It depend on where country are you? Some contries used already it, just a little search.
As long as it is not restricted in the place where you use it, yes bitcoin can be a practical currency. But it always depends on how they deal with bitcoin or crypto currencies, as long as they accept it you can use it, for now few have been accepting bitcoins, you can use it if you convert it into fiat.
As an individual motivation bitcoin has a great potential virtually of the currencies. But it all depends on the current situation and countries adoptation, if the government take risk of it, then the huge development of bitcoin will turn out as practical currency. And I know it won't take easily, a long procedure and process will consume some time before it will declare the acknowledgement. Only time and patience for the great thrives.
In the history of human evolution, feathers and shells have been considered money. Dollars and euros are money. Gold and silver are also money. Bitcoins and virtual currencies can also be considered as money. In some countries, people can pay bills online, pay by card and take deposits directly into bank accounts, all use digital. These transactions are encoded by the same techniques as Bitcoin.
Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Quote
There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.
- Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process
As far as I know, American express or VISA doesn't offer such opportunities they only facilitate people who want to buy bitcoin.
There are many reasons so that bitcoin can be used as a currency the most practical, and some of its parts are listed here.
- Bitcoin is a technological and financial breakthrough.
- Online shops are increasingly accepting payments in bitcoin but regardless of the general disposition for digital money.
- According to statistical data Bitcoins are often used in currency transactions.
- No third party or bank takes part.
- In the case of bitcoin investment is an example of the best case.
- More and more large companies, and countries that join into it.
- Transactions with bitcoin can save time.
- Bitcoin transaction costs are lower than other payment systems.
- When we shop in foreign online stores, we don't need to convert bitcoin to other currencies.
- Bitcoin wallets are much safer than credit cards or accounts from any other payment system.
- Anyone can check every blockchain transaction.
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
What do you think brothers?
It's easy, but with one note, you and the Pizza shop owner must have a bitcoin wallet.
Bitcoin is practical because it is doing every thing that can be done by other currencies as well and people can en cash it as well so all the functions of the fiat is performing by bitcoin the crypto king and it is now a world wide using currency in 2018.
As long as it is not restricted in the place where you use it, yes bitcoin can be a practical currency. But it always depends on how they deal with bitcoin or crypto currencies, as long as they accept it you can use it, for now few have been accepting bitcoins, you can use it if you convert it into fiat.
Yes, Already there are many services which come and accept the bitcoins and other cryptocurrencies. I am sure it gain more popularity and craze in a next few years.
practically thinking, of course it is practical. your only investment is time and that's it. you dont need money to start working on bitcoin
I think bitcoin built as a practical motivation in every people, a great opportunity that rarely come in every lives. We only have to spend more time and patience in this investment and be aware on waiting till the bull run. 
practically thinking, of course it is practical. your only investment is time and that's it. you dont need money to start working on bitcoin
Nobody dont do this.
All before cashout to regular fiat moneys then use it as practical currency
All before cashout to regular fiat moneys then use it as practical currency
Visa, American Express and Mastercard are not offering payments with cryptocurencies, at least for now. You can make purchases with BTC online though in quite a lot of online stores. Just google them and you'll find it.
very lucky investors who the government in their country has legalized crypto currency as the prevailing currency and for now bitcoin cannot directly do the payment system directly because in my country bitcoin is prohibited from making transactions directly in the transaction process
But isn’t bitcoin already being used as an actual currency? There are companies and merchants already accepting it as a form of payment. Plus, there are bitcoin ATM machines popping around the world. That’s enough evidence to support the legitimacy of bitcoin as a digital currency, right?
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.
Yep, it depends much on the government and the current situation of your country guy. Evidently, if a country which has acceptance of government for using bitcoin legally in daily like the way fiat money does, definitely you may use digital currency and buying and thing you want. Moreover, it relies on the number of people in your country, how many people will be keen on bitcoin payment?? Indeed, people are accustomed with using bitcoin for paying online, and I think this is one of the most popular means of paying by bitcoin till now, but it's a bit more limited. Anyway, through the strong development of digital currency, sooner or later we can take bitcoin as a practical currency. 
I have not yet been interested in this issue, as I use a long-term investment strategy. But now I'm starting to think that I would like to buy something with bitcoin just for fun. But I will wait for the price increase.
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