Does bitcoin really work as real transaction ?

josephpogi

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Quote from: nursahath07 on November 16, 2017, 10:00:29 AM

As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit.
Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?

Of course it really works as a real transaction using online based. Since we are living in the world who are new technologies are invented . We as a working people we need to go with the flow follow how our country become innovative. It is fast and easiest transaction.

Soots

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Quote from: Protected101 on February 11, 2018, 02:53:59 AM

Yes it really works it,in terms of paying bills like credit card bills that helps me to become convinient and easier to pay bills using the internet.And I am happy that bitcoin is known by worldwide now,hoping for that any establishments will also accept btc as a payment.

Yeah, it's definitely works that makes us easier and comfortable to use. As I used an apps having a bitcoin which I can easily access those business establishment like to pay our electric and water bill easily via on line transaction using my bitcoin as it directly convert automatically to our currency relying the current value of bitcoin. Hopefully, as time goes by it may be implemented for other stores as it so easy to use soon in the future.

intoy_victor

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Yes it is possible that bitcoin work as real transaction. As you can see bitcoin dominate the crypto currency price. Which means it could be possible that it will be use in transaction. There are many transaction that bitcoin could do.

pogiparin

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In the short run, bitcoin can be viewed as a real transaction. In the long run, the same relationship cannot be be said. With the highly fluctuating prices of bitcoin, people don't want to hold bitcoins because of the risk it contain.

Wandika

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Quote from: Dragon5 on February 11, 2018, 03:26:48 AM

BTC really works for transactions)) this is what it was made for! the problem is only who is ready to pay in bitcoins. If you find a company or individual ready to deal in bitcoins - why not. I'm sure there is a range of goods and services avaliable that way

There are plenty of transactions that are made for crypto, and I think you definitely see how transactions work, it is much easier than using fiat.

Dragon5

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BTC really works for transactions)) this is what it was made for! the problem is only who is ready to pay in bitcoins. If you find a company or individual ready to deal in bitcoins - why not. I'm sure there is a range of goods and services avaliable that way

pixelbtc

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Quote from: Protected101 on February 11, 2018, 02:53:59 AM

Yes it really works it,in terms of paying bills like credit card bills that helps me to become convinient and easier to pay bills using the internet.And I am happy that bitcoin is known by worldwide now,hoping for that any establishments will also accept btc as a payment.

Yes.Actually, bitcoin really works as a real transaction because I have a friend who already gained and earned here in bitcoin and he use it to load some of his friends. Through that, he also have additional income aside from the bounty campaign he earns.

Protected101

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Yes it really works it,in terms of paying bills like credit card bills that helps me to become convinient and easier to pay bills using the internet.And I am happy that bitcoin is known by worldwide now,hoping for that any establishments will also accept btc as a payment.

cpfreeplz

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I've never heard of people buying Bitcoins through a broker. What's the advantage of doing that Vs. opening an account at an exchange and buying some Bitcoins? WOuldn;t the broker hold the Bitcoins on your behalf? That sounds like they're basically trusting someone with your private key, when you don't actually need to. Ignorance will kill you in this space. People just need to learn how to use it or don't bother buying it. Figure it out first then buy it, not the other way around. Grin

Pintasak

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Quote from: nursahath07 on November 16, 2017, 10:00:29 AM

As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit.
Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?

Yes its kinda great and use as a payment method for increasing availability of transactions with bitcoin people feel safe and use this as a real currency.In fact people are more getting and interested to it .Hoping that other countries also accept it in the future

Isaacck1

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Well in other countries, it is already legal to use bitcoin as currency or medium for buying the things that they want. It really worked and there is a video on how a person interact with the cashier buying pizza or burger for bitcoin. This will make the transaction so fast than paying a money and waiting for the change if you have.

Aba

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There needs to be a supportive regulation about the use of bitcoin as a means of payment in real transactions, by that regulation make the public will feel secure in the use of bitcoin as a means of payment in real transactions. And much information is needed on the use of bitcoin as a mean of payment so that more and more people know about the use bitcoin.

polymerbatt

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Well my government here said bitcoin is can't be used for real transaction in our country but you still can use it for an asset or investment. I think bitcoin can work as real transaction but we still need time for that happen. There are many people still don't know about bitcoin out there.

rushel22

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Quote from: samcrypto on November 28, 2017, 07:36:12 PM

Quote from: dewi91 on November 28, 2017, 12:24:07 AM

many counties accept and legalized bitcoin and that countries accept bitcoin as a payment metode and many online shop like amazon accept bitcoin as a payment.. ofcourse now bitcoin is a real transaction, in the future will many more countries to use bitcoin..

We can really use bitcoin to transact online here in my place and also convert it into fiat money easily if you think this is not a real transaction then think again. Yes bitcoin is the future and people should believe on this for them to make also good money.

That's true. We can use bitcoin in a real transaction if it is done online because there are some online shops now that will accept bitcoin as payment of the products you what to purchase. You don't have to worry about where to spend it anymore since bitcoin is already famous all throughout the world.

Pixyoxx

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Bitcoin does work as a real transaction. Its just that the mode happen to be digital and blockchain based.
One downside to this fantastic blockchain technology is the transaction verification time. It takes a while for a certain transaction to get verified for it to be valid. If this downside is corrected or improved, btc transactions will be as normal as any other transactions and actually more secured than most of them.

The way one can recieve and send btc, the way it can ve used in trading and gambling, and any other place where actual money coul have been used, shows that it is as good as any other curency, if not better.

_Dawid_

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Bitcoin is not the best and at least not medium well coin which can be use as a medium of exchange. Firstly because of huge fees and secondly because of its feature which make bitcoin more like storage value than payment methind.But Ripple is very efficient and low energy.

samcrypto

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Quote from: dewi91 on November 28, 2017, 12:24:07 AM

many counties accept and legalized bitcoin and that countries accept bitcoin as a payment metode and many online shop like amazon accept bitcoin as a payment.. ofcourse now bitcoin is a real transaction, in the future will many more countries to use bitcoin..

We can really use bitcoin to transact online here in my place and also convert it into fiat money easily if you think this is not a real transaction then think again. Yes bitcoin is the future and people should believe on this for them to make also good money.

Hydrogen

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Quote from: nursahath07 on November 16, 2017, 10:00:29 AM

As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit.
Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?

The revolution from traditional paper offices to digital offices wasn't hindered by notions of data stored in binary format not representing real information. There's no big advantage in shunning digital data formats over a paper trail. Most monetary transactions are conducted across electronic networks. Claiming that bitcoin doesn't represent real money isn't so different from saying a credit or debit card isn't real due to it containing magnetic data stored on a card format.

There are advocates calling for a cashless society proclaiming electronic transactions the future of business and world economies. If indeed electronic money is the future, can bitcoin participate in the discussion? The divide between what some deem "actual information" and digitized or electronic money is an interesting dualistic paradigm. There are physicists who claim the world we live in is a hologram or simulation.

I think that in a world where people want actual information they might revert to ahmish living conditions and shun electronic devices. That may represent the end game of real currency advocates.

khaled0111

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Unfortunately Bitcoin can't be used for everyday purchases because not all stores accept Bitcoin payments.
Besides, high transaction fees and the time that a transaction can take to get confirmed will not encourage people to use Bitcoin to pay their spendings.
Each day the number of stores and merchants accepting cryptocurrency payment is rising because despite the negative points mentioned previously accepting bitcoin still profitable due to the continuous rise in value.

CodyAlfaridzi

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Quote from: nursahath07 on November 16, 2017, 10:00:29 AM

As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit.
Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?

Yes it's very possible. At this point it's obvious that physical cash is outdated and virtual money is the future. Question is, who will win the future of money battle? Will it be cryptocurrency or conventional virtual money?

I'm not really sure about this. It would be very hard for crypto to take over the current system. We're not even legalized yet, let alone spreading adoption, educating people, etc. For most people, the advantage that cryptocurrency has to offer like immutable, anonymity, etc might be not too relevant. While that's a vital thing for some people, the majority just don't care about those things. With additional problems that currently exist on Bitcoin, like confirmation time and huge fees, it even looks harder. Crypto, especially Bitcoin, will most likely survive, though. Not as a currency, but rather a store of value, the future digital gold. Now most people would be appealed to it, I'm sure.

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