Do you use crypt for its functionality? - page 2.

Brawnsugar

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Activity: 126

Merit: 5

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

Using cryptos for their functionality is relative and subject to what utility function the coin has. I personally use Bitcoin and ETH for payments for services online. Some coins have more technical use, coins like OPEN on the OPEN Platform are for the tech savvy people and so they would have more need to use them

sherenikaw

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Activity: 630

Merit: 10

rocket.hashbon.com

In this time, crypto utility is still limited. Only few markets or companies that accept the crypto for the payment. However, it doesn't mean that the crypto is not able to utilize. Utilizing the crypto for trading and investing for me is very enough because it can help me to get the money.

koincik

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Activity: 868

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★Bitvest.io★ Play Plinko or Invest!

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

Crypto is too early for money use. To be used as a means of payment, the market needs to grow a little more. Accepted payment point must also increase firstly.

abake

member

Activity: 555

Merit: 12

For now no full scale mainstream adoption for cryptocurrencies, very limited stores and services accept bitcoin and other crypto as payment. This is a deterrent factor but it's not their fault entirely, volatility is a thing to worry about. I believe stable coins like USDT, TRUE USD, and co should fit-in in the near future. Well, on my own part, I have used btc to pay for services just thrice.

Indrawan77

hero member

Activity: 1274

Merit: 516

Most of the people now are looking for the profit, because there are not a lot of place are accepting crypto for payment, but I ever used crypto for various transaction like buying stuff online and buying phone credit, but its not too effective because we need to pay transaction fee, after being calculated to fiat, its more expensive to buy using crypto

Gontxi

sr. member

Activity: 966

Merit: 250

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

I think you are wrong, ethereum is used as a function with smart contracts, maybe for crypto that involves the product not actually running according to its function. and currently Q4 will run
I believe there will be many innovations involving crypto in the following year and run as a function.

sinkfish

jr. member

Activity: 252

Merit: 1

though im not using crypto at the moment, but i know there is a lot of way we could use it. besides, crypto is still much volatile compare to many country currency. At the moment, i would just keep crypto in wallet for investment, perhaps for future use.

gribble

hero member

Activity: 966

Merit: 552

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

I still don't use cryptocurrencies as payment options on local country due to still there are no many people who know about the cryptocurrencies, i used cryptocurrency is just for instrument of investment in cryptocurrencies space, but in the future cryptocurrencies will be used for its functionality, as payment system, e-commerce cryptocurrency and other functions. It is just about the time due to as we know the progress of cryptocurrencies goes up now.

lienfaye

hero member

Activity: 3010

Merit: 629

I still use my cryptos (particularly btc and eth) for their original purposes, eth to fuel my token transfers and btc for paying my bills and loading my phone.

Currently its not wise to spend your cryptos due to its low value that's why its better to refrain from spending but rather buy additional holdings for the future bullrun.

Suwycu

jr. member

Activity: 350

Merit: 1

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quite possible. This is about me, because I practically do not use my crypto currency and try to keep more coins till better times!

brjameng

sr. member

Activity: 742

Merit: 250

At the moment, I still hasn't using any of my coins for some kind of transaction since there isn't many place that accepting payment using cryptocurrency.
So, right now i've just using it to trade in an exchange.

batang_bitcoin

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Activity: 3080

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Quote from: pentol86 on September 27, 2018, 01:39:01 AM

If you ask if I use crypto as its function, then the answer is "not yet".
I myself still consider that cryptocurrency is more accurately an asset. This is also said by bitcoin business owners in my country.
He said, so far cryptocurrency is more accurately said to be an asset, just like gold, silver, and diamonds.
Although it does not rule out the possibility there are conditions in which people will buy an item with virtual coins, as is done by @batang_bitcoin and @GermanGiant in their comments above.
However, today most people still use it on the exchange and its value is still the same as assets, not a medium of exchange like fiat money.
Interesting discussion.

Interesting as it is.

And what you mentioned is right. People nowadays treats crypto as an asset and mostly for bitcoin users, it is considered as a store of value. But we have to contribute to the crypto economy by spending it. Look for a way that you can contribute it not just by treating it as an asset or store of value, spend a little of it.

Jordens

full member

Activity: 406

Merit: 100

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

The fact is that now there is a very limited number of places for the use of crypto currency and so far it is an asset that is most often exchanged on the exchange. It is really necessary to really expand the opportunities for people to fully appreciate all its advantages.

Rengga Jati

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Activity: 2072

Merit: 656

PredX - AI-Powered Prediction Market

To be honest, I only use the crypto for earning profits here. Investment and trading are those activities that I utilize the crypto for it. Some cryptos are available and accepted as the payment method. But, some are only for investing or trading. But so far, i really enjoy this functionality.

Alpha0One1

full member

Activity: 588

Merit: 107

Quote from: awsan2 on September 26, 2018, 11:19:25 PM

I know nobody who uses crypto for it's functionality , almost all people use them just in the exchanges!!!!

I use crypto's functionality to transfer crypto fund to a friend halfway across the globe, to pay some work to someone who did some small task who I don't know where I live but gets the job done, exchange/trade value.

All these in a matter of minutes without having to go thru a bank. Extremely convenient and fast Grin

Nicolas Bebek

member

Activity: 335

Merit: 10

I usually use the crypto only to trading only. It was only the result of profits from trading I use to make ends meet. have not used crypto directly for the payment system. because not know too where it is already applied.

judyrob

sr. member

Activity: 798

Merit: 253

Indeed the fact tells it like it is. Crypto can only be used in the stock because it is still a lot of constrained stuff. the facilities and licenses make crypto not yet function optimally in the various regions. but now a lot of news also preaches that many facilities in various countries and trade start receiving crypto. This will be the greater glory and equitable world. just stay waiting for time to make crypto be functional because the wait for technology that is prevalent in the area.

pentol86

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Activity: 851

Merit: 254

Borderless for People, Frictionless for Banks

If you ask if I use crypto as its function, then the answer is "not yet".
I myself still consider that cryptocurrency is more accurately an asset. This is also said by bitcoin business owners in my country.
He said, so far cryptocurrency is more accurately said to be an asset, just like gold, silver, and diamonds.
Although it does not rule out the possibility there are conditions in which people will buy an item with virtual coins, as is done by @batang_bitcoin and @GermanGiant in their comments above.
However, today most people still use it on the exchange and its value is still the same as assets, not a medium of exchange like fiat money.
Interesting discussion.

Torps1

member

Activity: 574

Merit: 12

Kuvacash.com

Most crypto is designed for payment purpose. yes I use crypto for it's functionality, of recent I have used crypto in funding my forex trading account and also using it to pay a media company for advertising my products.

CreamIce

jr. member

Activity: 126

Merit: 1

I have used Bitcoin for purchases and bookings a couple of times. It's interesting how the industries have begun to accept it.

Topic: Do you use crypt for its functionality? - page 2. (Read 368 times)