Daily use of bitcoin? - page 12. | Bitcointalksearch.org

Dimelord

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Quote from: Michel de Montaigne on January 16, 2017, 05:56:32 AM

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

Definitely,its becoming a great issue nowadays which would make new companies to drop bitcoin adoption.It has to be solved and the other issue of high transaction fees too has to be solved as bitcoin users will not find it economical to buy small goods with bitcoin otherwise.

buharikx31

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Mostly i use bitcoin when i need money to withdraw i send to my digital wallet called webmoney and after that transfer to my bank. On my country right now, not too much services accepting bitcoin even if they are they take 30-40% more then a normal price. Still we don't find a way to confirm transactions faster, that's the biggest problem why we can't use it everwhere

jc89

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Quote from: agamasrori on April 14, 2017, 07:27:25 AM

Quote from: dylanc on April 14, 2017, 05:22:47 AM

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.

Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.

Bitcoin is not concerned about that kind of problem. As long as bitcoin performs its task about payment then that's about it, the delivery time of the store is the store's scope. On the other hand, in the near future, it is probable that online shops worldwide will accept bitcoin as payment. So let us just wait for it, that's the best we can do for now.

Xester

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Quote from: agamasrori on April 14, 2017, 07:27:25 AM

Quote from: dylanc on April 14, 2017, 05:22:47 AM

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.

Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.

If that is your problem then look for a local online merchant in your country that accepts bitcoin. If you cannot search it in google then try searching one in the social media sites. In facebook there are thousands of merchants that accepts bitcoin coming from different parts of the world then just search for one that is from your region and maybe you could find good products to buy.

agamasrori

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Quote from: dylanc on April 14, 2017, 05:22:47 AM

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.

Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.

Gens09

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There are many things where we can use bitcoin..
Ofcourse we can use bitcoin to store our money we can exchange money for bitcoin for investments and we can use bitcoin wallet to store our maney or bitcoins.
We can also use bitcoin to buy things or food in some store worldwide that accepting bitcoins.
We can exchanhe bitcoin for money.
We csn use bitcoin for trading and investing.

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Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.

deisik

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Quote from: slaman29 on April 14, 2017, 02:24:40 AM

Quote from: deisik on April 14, 2017, 02:21:12 AM

Quote from: Nomad88 on April 13, 2017, 01:39:56 PM

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there is nor there was any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall but other than that we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin

It's funny to talk about Bitcoin in these scales of history, when it has not even reached a full decade of being in use. For sure, it is already part of history, and even we can't deny part of the current and part of the future. If bitcoin "stops" at some point is only will be to use another form, which surely bitcoin was responsible for bringing in

Times are certainly accelerating this time

And they are accelerating at faster rates than they were during the best part of last 100 years. Internet itself was still rather new some twenty years ago, and look, now we can't live without it. Smartphones appeared a little over a decade ago, but now their raw power exceeds the power of desktop computers available same decade ago. It is not given that Bitcoin itself will exist in 10 years, but it could be said with certainty that if it will, it will be entirely different from what it is now

Labumi

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Quote from: sevendust777 on April 12, 2017, 03:36:23 AM

My daily use of bitcoin is on trading usually, trades with altcoin buy and sell it. And currently I used bitcoin as mode of payment, sending payment to others which is fast transactions. Buying some stuff online I usually do with my bitcoin. These things really help me also which is hassle free.

Wow, you did it was great. Because with active use bitcoin on a daily basis, then you help introduce bitcoin against everyone. What else you do is reserved to trade or buy something that does anyone else want to accept bitcoin, then that is a step better than the selfish interests of their own. Hopefully there will always be consistent and also do my best in the future so that bitcoin can be higher and favourable

n2004al

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Quote from: Michel de Montaigne on January 16, 2017, 05:56:32 AM

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

Correct. I wouldn't use it for everyday needs. Even today are in use the bitcoin debit cards with which you can pay instantly that you want to buy. But I wouldn't use it more for another reason. Bitcoin, according that I think, is more an investment tool than an everyday money. The value of bitcoin is hoped to achieve big figures. So my question in this case is: Worth to use it for everyday needs or desires?

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Quote from: deisik on April 14, 2017, 02:21:12 AM

Quote from: Nomad88 on April 13, 2017, 01:39:56 PM

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there is nor there was any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall but other than that we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin

It's funny to talk about Bitcoin in these scales of history, when it has not even reached a full decade of being in use. For sure, it is already part of history, and even we can't deny part of the current and part of the future. If bitcoin "stops" at some point is only will be to use another form, which surely bitcoin was responsible for bringing in.

deisik

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Quote from: Nomad88 on April 13, 2017, 01:39:56 PM

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there isn't nor there wasn't any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses in the future. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall, but other than that, we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin and which is long due and overdue

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Quote from: bohr on April 13, 2017, 02:49:58 PM

Quote from: kikeda on April 09, 2017, 08:49:10 PM

Quote from: bohr on April 09, 2017, 04:10:44 PM

Quote from: Michel de Montaigne on January 16, 2017, 05:56:32 AM

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

The confirmation time is without a doubt a limitation to use bitcoin like that, bitcoin is better suited for operations where you don’t need confirmation in a matter of seconds, so the usage in our daily lives of bitcoin is going to be limited, but bitcoin is great for operations like the ones you do in internet.

It can be limited at a moment but things can change in future when confirmation time will get faster and also we will find many places to spend them physically but if talk about the present then yes the usage of bitcoin in real world is very limited.

The only thing we can do is to wait for the confirmation tog et faster as the technology keeps its development and the developers find ways to get faster confirmations.

If we have more miners yah it will get better in the future. But for now waiting for all blocks of your transaction to be confirmed is not that necessary

because a transacton will be irreversible if it has one or more confirmations. This wil be possible if the owner has a well understanding of bitcoin.

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Quote from: Devboy on April 13, 2017, 02:02:30 PM

Quote from: Inkdatar on April 13, 2017, 01:37:03 PM

Actually I dont use daily my s, I just save it hold and sell. Too often to buy some stuffs online, but this really helps me alot because of its easy to use. You can spend it anytime in your wallet.

That's good strategy. By holding Bitcoin you can make good profit in near future thought it's a long time process. Bitcoin always good investment, it has ability to lead the online market. Like me, try to busy with bitcoin business especially trading. Besides this doing also sell and other task.

I agree that bitcoin is a good investment, It will be a good investment if you know how to trade it well. We cant predict bitcoin price to dump and to pump easily cause it moves too fast

bohr

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Quote from: kikeda on April 09, 2017, 08:49:10 PM

Quote from: bohr on April 09, 2017, 04:10:44 PM

Quote from: Michel de Montaigne on January 16, 2017, 05:56:32 AM

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

The confirmation time is without a doubt a limitation to use bitcoin like that, bitcoin is better suited for operations where you don’t need confirmation in a matter of seconds, so the usage in our daily lives of bitcoin is going to be limited, but bitcoin is great for operations like the ones you do in internet.

It can be limited at a moment but things can change in future when confirmation time will get faster and also we will find many places to spend them physically but if talk about the present then yes the usage of bitcoin in real world is very limited.

The only thing we can do is to wait for the confirmation tog et faster as the technology keeps its development and the developers find ways to get faster confirmations.

Devboy

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Quote from: Inkdatar on April 13, 2017, 01:37:03 PM

Actually I dont use daily my s, I just save it hold and sell. Too often to buy some stuffs online, but this really helps me alot because of its easy to use. You can spend it anytime in your wallet.

That's good strategy. By holding Bitcoin you can make good profit in near future thought it's a long time process. Bitcoin always good investment, it has ability to lead the online market. Like me, try to busy with bitcoin business especially trading. Besides this doing also sell and other task.

Nomad88

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It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think.

Inkdatar

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Actually I dont use daily my bitcoins, I just save it hold and sell. Too often to buy some stuffs online, but this bitcoin really helps me alot because of its easy to use. You can spend it anytime in your wallet.

whizter

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Quote from: duckydonald on April 12, 2017, 05:28:04 PM

Quote from: dadaas on April 12, 2017, 04:33:13 PM

I don't use my bitcoins daily in real world as I think saving them at a moment is the right decision but I keep on trying to multiply them by spending them on trading and gambling sites as it helps me in growing my coins and apart from that I don't think its worth to spend them on useless things.

Most of the people are doing the same by spending them on trading and gambling sites to multiply their bitcoins in quick time, some of them succeed and majority of them fails in it so its better to collect them and save for the future.

in present time i think it will be the best option to hold bitcoin for the future. as the price is expected to cross 2000 USD level therefore i think it will be better to hold bitcoin and not to sell it.

deisik

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Quote from: Tyrantt on April 12, 2017, 07:07:26 PM

Quote from: deisik on April 12, 2017, 04:09:54 PM

Quote from: krisnt80 on April 12, 2017, 10:35:37 AM

As i know bitcoin debit card are normal card that can be used anywhere to pay the bills, soo its possible to use bitcoin on the daily needs and basic things, would be nice to go gas station and pay with bitcoin debit card. But we can use bitcoins for almost anything online, there are already a lot places accepting bitcoin as payment

But what is actually so nice about that?

Does it rub your ego somehow that you are able to pay with bitcoins even though no one knows (apart from you and your card provider, of course) that you are actually paying with bitcoins ? I guess the same felt people with first cell phones and first payment cards as such but apart from that, I don't think it is a good idea to waste your bitcoins which you could use to multiply your capital (even if via simple Bitcoin appreciation over time). I guess you should use bitcoins to make even more bitcoins and spend cash instead on casual things (such as gas)

That may be true but in some situations bitcoin can help out through the daily small trades, like grocery, gas,etc.. in my case as an unemployed (atm) student, I'm using bitcoin I earn from signature campaign to buy groceries daily, pay monthly internet bill and phone bill, and believe me it helps a lot.

So id that boosts hes ego, the let him do it. Cheesy

I'd love to eat at a restaurant and pay with bitcoins, just to fell that... feel of paying something with bitcoin in person rather then online transactions or trading bitcoin for fiat

That's a childish attitude

Though it is understandable if you are only a student. On the other hand, I don't think that using a Bitcoin payment card is cheap on its own (if you can't spend fiat and have to use bitcoins), so you may be better off by simply converting bitcoins to fiat and then spending the proceeds directly. I've heard from many people around here that exchange rates are pretty outrageous there and expenses which holding and using such a card involves are rather steep overall

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