I would be in your place in no hurry, as you can face a number of difficulties when paying for bitcoin purchases. And it can not be called a profitable solution, especially when the market is in a drawdown.
Topic: Can you use Bitcoin as a practical currency? - page 4. (Read 1870 times)
It seems to me that it is too early to use bitcoin as a currency. This may not be beneficial to you. Remember the pizza story.
Bitcoin can be used as a practical currency at the places where there are no government restrictions. Where there are commercials / places / shopes / malls accepting bitcoin in exchange to their services / commodities.
But where shopkeepers do not accept bitcoin there it will not be a practical currency.
But where shopkeepers do not accept bitcoin there it will not be a practical currency.
At present it is difficult to use the BTC as a daily means of payment.
There are not enough shops that accept cryptos as a means of payment.
Reasons in my view: The Bitcoin is still far too volontile. The transaction takes too long and the fees are too high.
Imagine you're paying $ 3.50 in a cafe. and you have to wait for minutes until the transaction is confirmed. In addition, the head of the cafe at the end of the month 20% less taken because the price has just fallen by 20%. How should he then pay his staff and his lease.
There are not enough shops that accept cryptos as a means of payment.
Reasons in my view: The Bitcoin is still far too volontile. The transaction takes too long and the fees are too high.
Imagine you're paying $ 3.50 in a cafe. and you have to wait for minutes until the transaction is confirmed. In addition, the head of the cafe at the end of the month 20% less taken because the price has just fallen by 20%. How should he then pay his staff and his lease.
I think yes because I want to make a big deal with bitcoin because I just hope that my money will grow and want to use my money with bitcoin so I can earn more because I want to go through all the difficulties and want if I use my money here in bitcoin
No, you cannot really shop through your credit card and spend Bitcoins from there yet but hopefully, we'll get that opportunity in the future. Bitcoin is still in it's developmental stage in terms of adoption among the mass. So, we need to be patient. Once there are enough people who are holding Bitcoin or at least want to spend them, we will definitely have options to buy with our Bitcoins through credit cards.
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?
Using bitcoin as mode of payment is depend upon the physical store. However if the physical do not accept you can still convert it to other mode of payments. It would not be difficult to used it in transaction. Online payments is too mainstream in kind of era.
What people say is true, ads are getting smarter. Okay, suppose I am not aware of that and return to the topic, as far as I know there is no mainstream payment processing industry or bank that accepts payments using Bitcoin. Using Bitcoin as a payment tool won’t be so difficult if we are used to the patterns and conditions of Bitcoin.
Yes, of course we can use it as a practical currency. Because people in the cryptocurrancy world most often use Bitcoin for most of their transactions online, we can also save and withdraw through Bitcoin wallets or any application that uses Bitcoin for any purpose in our lives in the future.
Not at this point in time though. With fluctuations that are far more violent than other markets, it would be hard to consider it as a currency for now. It's more of an asset with the way you can make profit with the right buy and sell tactics.
I think that you can use Bitcoin as a practical currency than the current currency since there are business establishments and banks who are now offering cryptocurrency as a payment. I think it would be more economical than the current currency and less hassle.
This is like double edge sword for vendors as well as customers.its exactly like giving your shares against something.Which means if the market value decreased it is in loss and if it increased it's loss to customer.But customers are getting something whoose market value is zero after buying or that value is constant.That is unfare and we find out solution to that, it can be used as practical currency.
I bought a house for bitcoin under a gift agreement
Great. Mind telling us more about that deal? How much was it, where was it? What was the price of BTC at the time? Did you transfer the coins in person with the notary present or from home? I'm curious because such deals are still very rare.
i think bitcoin is good to use buying and selling of an item just by using bitcoin.you can buy something now only with Bitcoin online Just google it and you will find it.
You cant use bitcoin as a practical currency because its not yet that popular today, but im hoping that in the future, we can use bitcoin in our everyday lives.
Yes, of course we can use it as a practical currency. Because people in the cryptocurrancy world most often use Bitcoin for most of their transactions online, we can also save and withdraw through Bitcoin wallets or any application that uses Bitcoin for any purpose in our lives in the future.
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?
Of course, now in our days, bitcoin can be used for any, maybe for some new tests, since this currency is impenetrable, it shows itself well in the crypto-currency market and is known in the world. 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?
Visa and other cards payments have not initiate such offer as far as i know though i made be corrected. Recently, some token have coming up to establish payments with card using their token and bitcoins.
It depends on the physical that you are talking about. Naturally, you might not be able to handle bitcoin physically but can transact on it via the internet or through bitcoin ATM. You can as well buy whatever you want to buy using these means.
Yes i see that bitcoin as a practical currency. Although it has no physical form but still it is help it user to do those work which they do with the help of fiat currency. Bitcoin is use by many online shopkeeper. After seeing the popularity of it among people and its better online transactions facility. And people also like to use bitcoin for online shopping, trading and marketing. Bitcoin is also use for investment purposes. It also use as a medium for currency exchange and transfer. Like a fiat currency bitcoin also use for many applications.
I think if bitcoin as a daily currency is very unlikely. If you are currently in a country that prohibits bitcoin, it might be impossible. But if you use the long-distance money transactions between countries it might be better.
I also use bitcoin as a money transaction abroad. Because I have family abroad and every month I have to send money to my family. And I use bitcoin for transactions because it's simpler and faster.
I also use bitcoin as a money transaction abroad. Because I have family abroad and every month I have to send money to my family. And I use bitcoin for transactions because it's simpler and faster.
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?
Honestly, you can use bitcoin as a practical currency as long as the stores you are in is accepting it as a payment. Actually there are places and people that embrace this kind of currency. They can have transaction by means of bitcoin via internet. However, you cannot have a physical aspect of it because there is none. Bitcoin is a digital currency so basically it you can use it in practical way.
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