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Topic: Does bitcoin really work as real transaction ? - page 2. (Read 1042 times)

hero member
Activity: 2128
Merit: 520
Bitcoin can be used for real transactions such as in some countries eg japan, america, south korea which has legalized bitcoin so it is commonly used for shopping. We can see ads on youtube that appear easy in transactions using bitcoin to buy coffee and takes place very quickly and easily only requires internet network. Bitcoin can work real only if the government has legalized it so it can be used in everyday needs and this is a new way of transacting.
Those countries already proven that bitcoin can be used in real payment transactions as they already offered paying bills using bitcoin just like how credit card and debit card works. Bitcoin is much easier if we are only familiar on how the system works. Maybe we can see more business establishments to offer this payment method when the value are already established and the fluctuation is not that high anymore.
full member
Activity: 490
Merit: 100
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..
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
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 ?
eventhough were on a conputer age and internet connecting
People in which we are communicating and transacting over virtual
Currency,theres a lot of people or businessman that still believe in traditioanl
Way of transaction that is actual or physical mode of payments it will
Take time before the traders or business man of old age realize how this
System help them,

Maybe on the next generation when the old timer given to their
Sons or successor the business it wil be use
full member
Activity: 182
Merit: 100
Bitcoin can be used for real transactions such as in some countries eg japan, america, south korea which has legalized bitcoin so it is commonly used for shopping. We can see ads on youtube that appear easy in transactions using bitcoin to buy coffee and takes place very quickly and easily only requires internet network. Bitcoin can work real only if the government has legalized it so it can be used in everyday needs and this is a new way of transacting.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
Of a truth many people from different countries and work of life has not been able to used bitcoin for transactions. I have been trying to tell some of my  friends that live in developed countries to used bitcoin to send money to some of their relatives at home but they could not come to terms with this reality that this is possible. I think ignorant of what p2p mean is what is affecting bitcoin transactions and many people has not build confidence on using a system that has no third party to send value online.
For me p2p transactions is some what people do everyday, like paying for commodities with cash and it should not hard explaining this method. I think one factor that affects the growth of bitcoin is that the opposition of government in a certain country. Most of them warn their people to the use of bitcoin and tells them that it is associated with criminality but in fact is very useful and its always on the user how he will use his bitcoin.
member
Activity: 182
Merit: 10
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 ?

Bitcoin is already used for transactions but not in other countries. I would probably say that we can consider it as a real currency because it was proven that it was used for transactions, investing and trading. We cannot deny the fact that some people doesn't know about bitcoins and that would be a disadvantage why it would be difficult to consider it as a real currency for now.
newbie
Activity: 24
Merit: 0
Bitcoin in general is fastly growing and gaining its value on daily. Having its another stretch to increase last month of this year. It is increasing, growing and gaining its popularity all over places. For some, they do mining, get paid thru BTC via signature campaign/tasks or even cloudmining thru online platforms. Once BTC aquire some holds/store, trade if you are into trading, buy and sell. Once aquired, some would still convert it to cash thru their e-wallet and utilize it for common commodities event as cash itself. Thus the relevance of BTC to the economics help and give chance to others to have another form of investment and income at the same timr. For some country it is wodely accepted and being used for the convenience of its people especially for its enthusiasts. Certainly, it is the start that soon other countries who wants to integrate cryptocurrency will use it as common as the normal currency.
member
Activity: 630
Merit: 14
for now I am assuming that bitcoin can not work fully for real transactions with many reasons that support it from state socio-political state to technology owned by the store or place of sale .. any money is of course used as a means of transaction in buying or selling .. while bitcoin was created as a substitute for current paper money but the ease of the transaction and the acceptance of it among the public is still small. maybe some future time there will be a better change (I hope so) like a small shop that receives bitcoin or can make school payments with bitcoin
member
Activity: 280
Merit: 10
The problem with bitcoin is that it is so slow that the you need to pay high fees to use it for online shopping, because there is a risk that the exchange rate will change between your purchase and the time the merchant gets his money. However I do see something like coinbase may offer a solution to that.
hero member
Activity: 661
Merit: 500
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 ?
As long there's a mutual understanding between the vendor and party there should be no issue in any transactions. Its decentralization makes it easier to trade with than conventional methods. It's better to trade with people who are well aware of the technical market as this type of trading benefits everyone.
sr. member
Activity: 882
Merit: 269
Of a truth many people from different countries and work of life has not been able to used bitcoin for transactions. I have been trying to tell some of my  friends that live in developed countries to used bitcoin to send money to some of their relatives at home but they could not come to terms with this reality that this is possible. I think ignorant of what p2p mean is what is affecting bitcoin transactions and many people has not build confidence on using a system that has no third party to send value online.
member
Activity: 336
Merit: 10
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 ?

actually the bitcoin increase is caused by very high demand and very limited availability and bitcoin becomes very difficult to obtain, from the very difficult demand in getting the mining pool into the trouble of getting bitcoin, it's the way it works and that makes bitcoin delivery very long.
sr. member
Activity: 924
Merit: 255
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 ?
I don't think digital currencies (virtual currency) can be transacted as real currency or can be used to offline transactions like real currency. And I think even though the virtual currency is getting popular used by many people over time.. it still, the virtual currency is just a alternative currency that can only be transacted with online, it can't for real transactions.
sr. member
Activity: 1008
Merit: 355
No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.

There is a continuing problem with Bitcoin right now and it is the scaling process or the capacity of the network to handle the burgeoning transactions every day that is why there is the perennial clogging which make many people turned sour on Bitcoin. There had already been many attempts to solve the big problem and it is really technically possible but always the politic gets in the way. Until there is no strong unity within the Bitcoin community, this problem can go on and can make Bitcoin less attractive later. Solutions have to be implemented and accepted by all parties otherwise we are just killing the future of Bitcoin.
member
Activity: 200
Merit: 10
Yes it does. Even though I am just a newbie I saw how my friends transact successfully in bitcoin. They earned money an support their needs.
sr. member
Activity: 798
Merit: 255
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 ?
As you can see we are now entering the world of cashless society. Your wuestions is simply answered by what we experienced now. So, is it possible? Ofcourse it will be possible not totally now but soon we can see all of that if bitcoin already exposed to all of the people.
sr. member
Activity: 1512
Merit: 316
if I can argue about it, then it is best if cryptocurrency and exchange have legal entities and cooperate with government, in order to get more security in doing activities in crypto.

Only if the exchanges are approved and legalized by the government of their respective countries this will provide the confidence to the citizens of their country that every things is being regulated and its safe to do the transaction like normal money is being used.
full member
Activity: 392
Merit: 101
Yes but a different and more complicated type of transaction. The transactions are processed by the miners.
full member
Activity: 2128
Merit: 180
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 ?

I think so, actually I am using my earning here in paying my dues and bitcoins is widely accepted in our country so no reason... It does really work as real transaction in our country.

We can use bitcoin easily to transact online and also to pay for my bills. Bitcoin is real and people should see the potential of holding bitcoin, it really works. Bitcoin is great and no matter what happen I will use this for my future transactions.
full member
Activity: 364
Merit: 127
If you put aside the legalization of bitcoin in each country then it could be used as real virtual currency, it really depends if the government accept it and regulates it.
Some people are afraid of new technology such as online currency and still stick to conventional cash as a form to do their daily transaction.
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