Daily use of bitcoin? - page 32. | Bitcointalksearch.org

sportis

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Quote from: Ewinsane on February 06, 2017, 09:05:36 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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

mrkevio

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Quote from: Gustavv on February 07, 2017, 05:11:18 AM

i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods

That is not daily use. The OP was talking about using it in stores you go everyday into, at restaurants or so. You can stop trading at any time without it affecting you in any way (except if you make a living from it), but you cannot stop going to your local markets and shops to buy food and drinks. It would be a pain to wait hours for your payment to be confirmed.

legendbtc

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Quote from: SHAWN-MIDWAYS on February 06, 2017, 09:36:43 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.

Blitzboy

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Quote from: soul-impact on February 07, 2017, 05:16:15 AM

Quote from: Gustavv on February 07, 2017, 05:11:18 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

soul-impact

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Quote from: Gustavv on February 07, 2017, 05:11:18 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

Gustavv

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i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods

virasog

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Quote from: Zadicar on February 06, 2017, 08:54:11 AM

Quote from: warwar on February 06, 2017, 08:37:33 AM

Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

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 bitcoins.

bravehearth0319

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Quote from: Tanic on January 16, 2017, 05:02:12 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!

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Quote from: 1Referee on February 06, 2017, 09:11:43 AM

Quote from: 20kevin20 on February 06, 2017, 08:59:39 AM

Holding the money can be good or bad for Bitcoin, I don't know which one it will turn into: a higher price because the supply will get shrinked or a smaller price because the demand will not be the same (if each of us would do it, nobody would spend it anymore)?

If you appreciate the price to reach higher levels, then people holding their coins is a more than curcial aspect, since it diminishes the number of coins in free circulation. It's impossible for each and everyone to hold their coins firmly without cashing out and buying back at some point. It keeps the market moving, where you simply don't have to worry about people not being able to spend their coins. The higher the price is, the lower the amounts will be that people work with. Even if people do end up holding more coins, then the increased value will make sure that with the lower number of coins that are left in free circulation, they still are more than sufficient to keep people spending their coins wherever they want

That's why we should expect higher volatilities in the coming days

If there are less coins in circulation (i.e. available for trade), the less number of coins will be required to move the price, so folks with just a few bitcoins will be moving the market to and fro, up and down. And we have yet to see if ever shrinking number of free coins ready to be sold will not cause a Big Rip effect, i.e. markets falling apart with any price quote losing any particular meaning. I guess this largely depends on how fast the price might grow but ultimately we should inevitably get there right because of the insane volatility

whizter

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Quote from: 20kevin20 on February 06, 2017, 08:59:39 AM

Quote from: warwar on February 06, 2017, 08:37:33 AM

Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

That is called a long term investment. Holding the money can be good or bad for Bitcoin, I don't know which one it will turn into: a higher price because the supply will get shrinked or a smaller price because the demand will not be the same (if each of us would do it, nobody would spend it anymore)?

if people are not ready to sell their bitcoins and hold then its mean that the price of bitcoin will increase more and more. because the demand will increase even more because the supply will decrease. but i am hopeful that people will not hold their bitcoin for price increase but they will use it as currency in future and bitcoin will always circle in the market.

shield132

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Quote from: warwar on February 06, 2017, 08:37:33 AM

Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

Saving always isn't good because sometimes daily or frequent trading can bring us good profit, for example bitcoin quickly moved from 700 to 900 and now it's 1000. So if you only save for good time, you need nerves and for example if you think that today is good day to sell, bitcoin's nature can cause better price tomorrow and our time will be halfly wasted.

boumalo

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Quote from: Ewinsane on February 06, 2017, 09:05:36 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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......

bitcoin is very useful to store value, save in a currency that will not be inflated and pay back friends that live oversea and trust bitcoins.

SHAWN-MIDWAYS

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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.

1Referee

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Quote from: 20kevin20 on February 06, 2017, 08:59:39 AM

Holding the money can be good or bad for Bitcoin, I don't know which one it will turn into: a higher price because the supply will get shrinked or a smaller price because the demand will not be the same (if each of us would do it, nobody would spend it anymore)?

If you appreciate the price to reach higher levels, then people holding their coins is a more than curcial aspect, since it diminishes the number of coins in free circulation. It's impossible for each and everyone to hold their coins firmly without cashing out and buying back at some point. It keeps the market moving, where you simply don't have to worry about people not being able to spend their coins. The higher the price is, the lower the amounts will be that people work with. Even if people do end up holding more coins, then the increased value will make sure that with the lower number of coins that are left in free circulation, they still are more than sufficient to keep people spending their coins wherever they want.

Easy example - back in the days people were buying $50 gift cards here on this forum for like 10-20BTC. Right now due to the increased price you will need a far lower amount to purchase the same valued gift cards, namely 0.0488BTC.

Ewinsane

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Quote from: krisnt80 on February 05, 2017, 02:51:57 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......

20kevin20

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Quote from: warwar on February 06, 2017, 08:37:33 AM

Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

That is called a long term investment. Holding the money can be good or bad for Bitcoin, I don't know which one it will turn into: a higher price because the supply will get shrinked or a smaller price because the demand will not be the same (if each of us would do it, nobody would spend it anymore)?

Zadicar

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Quote from: warwar on February 06, 2017, 08:37:33 AM

Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

warwar

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Quote from: btvGainer on February 06, 2017, 07:24:19 AM

Quote from: krisnt80 on February 05, 2017, 02:51:57 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.

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.

Pettuh4

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Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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?

That seems to be the problem of all Bitcoin enthusiasts; I personally think there's the need to increase the block size because it's very annoying to wait long hours for a simple confirmation and so something needs to be done else using Bitcoin in our daily life will be challenging.

d5000

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I think for small payments in the daily life, Bitcoin is not very viable. For the coffee at the bar of my preference (I dislike S***ucks and other "uniform coffee service providers") I would be happy using a off chain payment system or even a prepaid card of a centralized payment provider. But to use it for a bit larger payments like the weekly grocery buy I would be happy to use it in the future - if the price was a bit more stable. Volatility is still, aside from scalability, one of Bitcoin's major problems. Maybe a SBD/BitUSD-like system could be implemented with Bitcoin, too.

Topic: Daily use of bitcoin? - page 32. (Read 42463 times)