Pages:
Author

Topic: Daily use of bitcoin? - page 31. (Read 42452 times)

legendary
Activity: 1596
Merit: 1011
February 08, 2017, 08:37:13 AM
I don't use  bitcoin as a daily need but I do engage with stuffs related to bitcoin and to earn bitcoin because that servers as a pocket money for me and also I buy online stuffs with those money so I do use the word bitcoin daily but I don't use it or transact it daily, and not all store accept bitcoin that I could use it to pay my bill but I think very soon it will be easy to pay bill with offline and online stores because bitcoin is still under young age and not many people use it.
This certainly is a good start. in the future I'm sure bitcoin could be daily. although today is not a lot of stores that accept bitcoin, but has begun to emerge a startup slowly. we have to fight together for a purpose.
sr. member
Activity: 462
Merit: 250
February 08, 2017, 08:32:23 AM
in some parts of the business, the shop accepts Bitcoin as a payment method. Although I have not been doing that, but I believe that the inconvenience that will not happen. In a way, the store will pay quickly, the business is a good thing, and of course we will have a quick payment. Bitcoin credit card is probably the best choice  Grin Grin Grin

Btc debit or credit worse idea use bitcoin in daily life. They would charge to use the card in every month. Cards swipe charges and etc link regular banks. Better to stick with wallets and make purchases on amazon via purse.io. You could able to recharge with bitrefill to mobiles at anywhere, you can do gambling easily with bitcoin.
hero member
Activity: 2170
Merit: 530
February 08, 2017, 08:21:53 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?
For those people who depends on bitcoin for their daily living they can say yes bitcoin can be use for daily lives where they can easily exchange bitcoin into fiat and use that inyo physical things , and yeah some stores are now accepting bitcoin hoping in super market too but it will take time for sure to be accepted.
hero member
Activity: 2814
Merit: 576
February 08, 2017, 08:01:49 AM
I don't not use my bitcoins on a daily basis because I see them as an investment platform rewarding me in the long run...
Though I use my bitcoin visa debit card when I want to spend some as it gives me some protection from scammers and less complications of waiting for a transaction to confirm.

Not only you there are many people like you are not using bitcoin in their daily life when compared to debit or credit. Right now bitcoin is investment where you can see potential of bitcoin very soon, because slowly many stores are accepting bitcoin through online, but for international people it is not possible to buy products with bitcoin may be.
I can buy some coffee with Bitcoin in my local area because there is a shop accepting Bitcoin as a payment method. I felt very happy for the first time of mylife I can use Bitcoin in the real world. Most of the time, I use my bitcoin for trading purposes and buying/selling goods on the internet. Moreover, I consider Bitcoin as a type of investment and it has bought me a lot of profit
I am waiting for the right time to experience what kind of convenience you have been experiencing, I don't live in big and developed countries, so development will be late there. Despite of that, I still enjoy using my bitcoin, although I cannot buy a coffee with my bitcoin, but I can pay my bills with it and especially I can gamble anytime I want with my bitcoin.
hero member
Activity: 896
Merit: 500
February 08, 2017, 06:20:06 AM
in some parts of the business, the shop accepts Bitcoin as a payment method. Although I have not been doing that, but I believe that the inconvenience that will not happen. In a way, the store will pay quickly, the business is a good thing, and of course we will have a quick payment. Bitcoin credit card is probably the best choice  Grin Grin Grin
hero member
Activity: 1568
Merit: 511
February 08, 2017, 06:19:01 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?

Well, 15minutes for the block to move. If there are be able to accept it with 0 confirmation then you could just pay and get. But 0 confirmation is bad due to it is abuse able where i read on certain articles. This is why you can see most betting sites which accept bitcoins take 1-2 confirmation so it don't double spent
hero member
Activity: 882
Merit: 500
February 08, 2017, 05:56:22 AM
I don't use  bitcoin as a daily need but I do engage with stuffs related to bitcoin and to earn bitcoin because that servers as a pocket money for me and also I buy online stuffs with those money so I do use the word bitcoin daily but I don't use it or transact it daily, and not all store accept bitcoin that I could use it to pay my bill but I think very soon it will be easy to pay bill with offline and online stores because bitcoin is still under young age and not many people use it.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
February 08, 2017, 05:34:07 AM
I think we must remember the context here... most of us who have begun to use bitcoin haven't stopped using fiat or other means of payment.

Bitcoin has incredible benefits , and I've begun to use it for small actions but I wouldn't be in harm's way if bitcoin died tomorrow. Crypto hasn't yet displaced fiat for me, or most others. I hope that will change, but I know not to expect it any time soon.
MMA
legendary
Activity: 1134
Merit: 1000
February 08, 2017, 05:16:14 AM
I am using bitcoin every day and the result of my daily use of bitcoin is profits from my way of earning bitcoin using bitcoins. Im using my bitcoins mostly on trading and gambling to earn more bitcoins as the time goes. In withdrawing my bitcoins and converting it into local currency is mostly I do it every week to have cash to spend in my daily life.

Can you meet your daily basic needs with bitcoin? Market shopping, clothing needs etc.

No, I can't meet daily basic needs with bitcoin.In my country, no one shopping center accept bitcoin as a payment processor.Even, they don't know about bitcoin.Here only young generation knows only about bitcoin. Bitcoin meets me some necessary tools that I need much time, like VPS, VPS,Domain, Hosting etc.With the purposes of bitcoin, I can easily buy them.
yes most of the people are facing the same problem as most of the people do not have the facilities but still people are using the income that come from bitcoin by converting it in fiat first and then use it for completing their daily needs. i also have the same strategy i convert the income of bitcoin in to fiat first and then use it for my daily needs.
Yeah, it is a type of business that most of the people are doing using bitcoins. First they buy or earn bitcoin through trading and then make their money more and more by trading of altcoin, by which they gain very good amount of profit  and using it for daily needs is something a difficult for someone. So, they can't use it daily without exchanging it into fiat money.
but there are some people who convert their money into bitcoin just for playing gambling online. such people do not care for trading or investment. for them bitcoin is the best option for online shopping and specially for gambling online. while other people consider bitcoin as a good source of investment and making more and more money.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
February 08, 2017, 03:19:18 AM
I heard that Starbucks already started to accept bitcoin as payment. I don't imagine how it work exactly, because of I have no place here that would accept bitcoin. But I think such transactions in place that work with bitcoin all operations provided as fast as with a card.

If all starbucks outlet in the whole world will accepted bitcoin all coffee drinkers who are addicted in coffee will become familiar with bitcoin for sure, even the uneducated person will become curious about it because they will see some of their co-customer are buying via bitcoin. Once they start asking about in bitcoin that's the beginning to get their interest. Which is not impossible to be happen, cheers!
It is true but not Starbucks only, but other popular and big companies if they start adopting bitcoin as a payment method many people will start using it and it will become more popular, especially when it comes to the things that people use every day like restaurants MacDonald for example. If walmart starts accepts then we can see a new revolutions.
legendary
Activity: 938
Merit: 1002
February 07, 2017, 03:42:09 PM
I am using bitcoin every day and the result of my daily use of bitcoin is profits from my way of earning bitcoin using bitcoins. Im using my bitcoins mostly on trading and gambling to earn more bitcoins as the time goes. In withdrawing my bitcoins and converting it into local currency is mostly I do it every week to have cash to spend in my daily life.

Can you meet your daily basic needs with bitcoin? Market shopping, clothing needs etc.

No, I can't meet daily basic needs with bitcoin.In my country, no one shopping center accept bitcoin as a payment processor.Even, they don't know about bitcoin.Here only young generation knows only about bitcoin. Bitcoin meets me some necessary tools that I need much time, like VPS, VPS,Domain, Hosting etc.With the purposes of bitcoin, I can easily buy them.
yes most of the people are facing the same problem as most of the people do not have the facilities but still people are using the income that come from bitcoin by converting it in fiat first and then use it for completing their daily needs. i also have the same strategy i convert the income of bitcoin in to fiat first and then use it for my daily needs.
Yeah, it is a type of business that most of the people are doing using bitcoins. First they buy or earn bitcoin through trading and then make their money more and more by trading of altcoin, by which they gain very good amount of profit  and using it for daily needs is something a difficult for someone. So, they can't use it daily without exchanging it into fiat money.
hero member
Activity: 1918
Merit: 564
February 07, 2017, 02:35:43 PM
Daily using of bitcoin similar to that we use in stores or for other services is not available yet. Only limited places accept bitcoin. So daily use of bitcoin is little hard these days.
in most of the area such kind of facilities are not available available and specially in back ward area where people do not know about bitcoin so they do not have the facilities to use bitcoin in their local shops. but such people use bitcoin for investment and after getting some good profit they convert it in to fiat and then use it for daily use.


At this moment when bitcoin fail to be used in offline stores,  it excel in investment because of the possible profit one Bitcoin investor have when the price of Bitcoin skyrocket.  It is true that people who trades convert Bitcoin to fiat ( me included) but many of them just buy back bitcoin when it price go down.  People tend to keep or trade bitcoin to profit than using it to some stores everyday.
hero member
Activity: 588
Merit: 500
February 07, 2017, 02:27:45 PM
Daily using of bitcoin similar to that we use in stores or for other services is not available yet. Only limited places accept bitcoin. So daily use of bitcoin is little hard these days.
in most of the area such kind of facilities are not available available and specially in back ward area where people do not know about bitcoin so they do not have the facilities to use bitcoin in their local shops. but such people use bitcoin for investment and after getting some good profit they convert it in to fiat and then use it for daily use.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 07, 2017, 01:48:48 PM
I dont use my bitcoins at my real life, usually the bitcoins i do have i do invest into altcoins, bitcoin has several ways to be used and spent online, using it on daily basic nowadays isnt something we could do directly, make payments does have a big delay to confirmation, but in the future something can change.
yeah i think it is difficult for a person using bitcoin is to use it for daily life because only a few online store accept it and most of the developing countries didn't know about online shopping because of lack of access to internet but i hope in future it may be possible......

Of course the lack of stores accepting bitcoin as payment is a problem but the way I see it it is not the only one. I believe it is more serious problem when we need a fast confirmation and we have to pay the high transaction fees which make prohibitive the usage of bitcoin as a means of payments especially when we need to buy something very cheap. So, till scaling issue would be settled with one or other way and fees are not so high I am almost sure most of the people will use it only as commodity

But why would you want that?

If Bitcoin is set to continue rising it would be equal to burning dollars for heating. You would not get enough heat anyway but only waste your money. It is like killing a goose (by small increments) laying golden eggs. If you receive cash as wages, it makes sense to spend it in the first place for your daily expenses and save bitcoins for speculation (or just save them if you are not much into trading). If you don't receive cash, it likely makes sense to find a job to get it and then proceed to saving your precious coins
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
February 07, 2017, 11:25:23 AM
It actually depends on the seller, if they think that it's enough as long as they can see that the customer really send the Bitcoin so the transaction doesn't need to be confirmed then you don't have to wait for hours to just buy a coffee. But if the seller is paranoid and obliges that the transaction must at least have 5 confirmations before it can be considered as a legitimate transaction, then you probably need to wait for some times.
It's actually quite annoying to wait for hours to just send your Bitcoin, but as long as it still safe then it's not a big deal for me.
hero member
Activity: 770
Merit: 500
February 07, 2017, 10:40:12 AM
i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods
well, that is good. But I do not think that this will be called as a daily uses of Bitcoin. HAve you ever used your Bitcoin for buying or selling stuff in the real life yet? If not, you have never used Bitcoin in your daily life. In my country, I use Bitcoin to pay for some bills and it is very effective, you should try it
I'd love to try paying bills with bitcoin but unfortunately, the bill paying system here doesn't offer bitcoin Cry Although my country doesn't seem to have any interest in bitcoin, there are still some coffee shops that accept bitcoin and some bitcoin ATMs, and now I don't have to use fiat money for buying coffee Grin These ATMs are pretty slow as I have to wait for the transaction to be confirmed, but those are what I have here Grin
i think people do not take interest in bitcoin because they do not know the benefits of bitcoin, i am sure that if they are once introduced with bitcoin i think they will then show interest in bitcoin to invest their assets and also use it for online and well as in local shops, and as soon as the users of bitcoin will increase i am hopeful that the number of bitcoin shops will also increase.
legendary
Activity: 1120
Merit: 1000
February 07, 2017, 10:21:25 AM
I don't not use my bitcoins on a daily basis because I see them as an investment platform rewarding me in the long run...
Though I use my bitcoin visa debit card when I want to spend some as it gives me some protection from scammers and less complications of waiting for a transaction to confirm.

Not only you there are many people like you are not using bitcoin in their daily life when compared to debit or credit. Right now bitcoin is investment where you can see potential of bitcoin very soon, because slowly many stores are accepting bitcoin through online, but for international people it is not possible to buy products with bitcoin may be.
I can buy some coffee with Bitcoin in my local area because there is a shop accepting Bitcoin as a payment method. I felt very happy for the first time of mylife I can use Bitcoin in the real world. Most of the time, I use my bitcoin for trading purposes and buying/selling goods on the internet. Moreover, I consider Bitcoin as a type of investment and it has bought me a lot of profit
in my area we do not have the facilities to use bitcoin for daily needs we must first convert it in to fiat. i think most of the people are facing these problems that they cannot use bitcoin for buying selling things in local shops. may be this facilities are only available in such area where the users of bitcoin are and where the shopkeepers also have good knowledge about bitcoin. they know the importance of bitcoin.
legendary
Activity: 1120
Merit: 1000
February 07, 2017, 09:46:27 AM
I dont use my bitcoins at my real life, usually the bitcoins i do have i do invest into altcoins, bitcoin has several ways to be used and spent online, using it on daily basic nowadays isnt something we could do directly, make payments does have a big delay to confirmation, but in the future something can change.
I used to spend whatever bitcoin I would earn but now I have stopped myself from spending and now I have started saving bitcoin.
I believe bitcoin price will now increase rapidly and spending them would be foolish.
Although I am still open to investing in any good business opportunity.

Well nice strategy dude! saving bitcoin to earn more profit from it is best strategy though it really takes time to earn more from it because it needs a lot of time years to make your bitcoin earn a bigger profit so hold it for almost 2-3 years then that is sure profit soon. Patience is a virtue dude.
Waiting for long and having a long patience would really pays you off in the future if you are saving bitcoin as of now and you are right its really a good investment in longer years but there are people who arent like of waiting time thats why they are short trading on bitcoin. Daily use of bitcoin is somehow now spread as of now because of adoption matter.
yes there is no doubt about this that banks are the strongest institute of the states. and will continue for a long time. until bitcoin become able to over fiat and may be then they start accepting bitcoin and create online wallets for that, but currently there is no threat to banks because still a very little number of people are using bitcoin. therefore may be it will take such a long time. Well, not everyone can save all their bitcoins for a long term. The reason is that we earn bitcoin to support our families and lives. If we have another source of income, then only we can save bitcoins otherwise bitcoin are spent on daily basis.  I mostly convert bitcoins to fiat before using them as of now none of the local market has any awareness of bitcoin.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
February 07, 2017, 09:33:49 AM
I don't not use my bitcoins on a daily basis because I see them as an investment platform rewarding me in the long run...
Though I use my bitcoin visa debit card when I want to spend some as it gives me some protection from scammers and less complications of waiting for a transaction to confirm.

Not only you there are many people like you are not using bitcoin in their daily life when compared to debit or credit. Right now bitcoin is investment where you can see potential of bitcoin very soon, because slowly many stores are accepting bitcoin through online, but for international people it is not possible to buy products with bitcoin may be.
I can buy some coffee with Bitcoin in my local area because there is a shop accepting Bitcoin as a payment method. I felt very happy for the first time of mylife I can use Bitcoin in the real world. Most of the time, I use my bitcoin for trading purposes and buying/selling goods on the internet. Moreover, I consider Bitcoin as a type of investment and it has bought me a lot of profit
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
February 07, 2017, 09:31:40 AM
Daily using of bitcoin similar to that we use in stores or for other services is not available yet. Only limited places accept bitcoin. So daily use of bitcoin is little hard these days.
Pages:
Jump to: