Topic: No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on! - page 2. (Read 1022 times)
February 02, 2020, 05:39:14 PM
I get the point the OP have been talking about. Well, somehow he is right on having that point of view since we all do have different opinions regarding Bitcoin usage to purchase anything from merchants. Since the price of Bitcoin is volatile, we cannot standardize a price rate for something for the real price value for that can fall down or rise up which can be favorable or not to the merchant or the customer. What I can say is that we just need to know the price intended for that product so that we can just pay exact amount of Bitcoin for that purchase. Though it is in need to convert USD to BTC or vise versa, it is the only way possible as of the moment to use Bitcoin as payment option. But soon when the world have already adapted into using this currency, for sure this problem on using Bitcoin will be resolved and many people who owns Bitcoin can use it freely.
January 19, 2020, 12:27:11 PM
@OP you have to understand one thing, Bitcoin is not meant to overthrow US Dollar. Rather it is a mean to give some degree of financial freedom to individuals. Due to excessive laws related to earning and spending money, people usually are unable to do transactions without considering all taxes and fees. But using Bitcoins instead of US Dollars can give you liberty to receive or pay someone living in foreign country without thinking about any laws or restrictions.
January 19, 2020, 12:19:46 PM
Since holding will have a benefit in the future, those owner or business man that accepts crypto Preferably just hold it since they know how it can help them in the future. They might already allotted budget for circulation of their business and when they accept btc it's more of as their investment, a backup when it's good to sell. All depends on our strategy to earn on it.
ABSOLUTELY DUMB STATEMENT:
What you are talking about is SPECULATION, not a payment system. If I want to invest in BitCoin, I will just do it, I do not need to base my investments on when a customer uses it or not. It would also be better for me to just invest in bitcoin myself, rather than dealing with the time and expense of using BitCoin as a payment system in business.
" Will have a benefit in the future " Another dumb statement, you do not know if the price will go up or down.
January 19, 2020, 10:55:25 AM
You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold 
Let's not get provoked with what he said as we all know that when time comes that the market is good, there will be a lot of FUD, fake news that will spread around the crypto world, they will manipulate the price trying to bag more as much as they could, so let's not waste our time thinking too much about what they said.
January 19, 2020, 09:21:22 AM
Even though this is still the problem of Bitcoin right now (scalability and High tx fees), I still believe that Bitcoin will fix this problems in the next years and will fulfill what is the main purpose of Bitcoin.
If it BitCoin can not become a payment system that was promised after so much hype, and 10 years, its NOT GOING TO HAPPEN. There will be some crypto currency in the future that is fast and easy for payment, but it will not be BitCoin. It will most likely be something like the following:
Libra
Federal Reserve Coin
Peoples Bank of China Coin
Since holding will have a benefit in the future, those owner or business man that accepts crypto Preferably just hold it since they know how it can help them in the future. They might already allotted budget for circulation of their business and when they accept btc it's more of as their investment, a backup when it's good to sell. All depends on our strategy to earn on it.
ABSOLUTELY DUMB STATEMENT:
What you are talking about is SPECULATION, not a payment system. If I want to invest in BitCoin, I will just do it, I do not need to base my investments on when a customer uses it or not. It would also be better for me to just invest in bitcoin myself, rather than dealing with the time and expense of using BitCoin as a payment system in business.
" Will have a benefit in the future " Another dumb statement, you do not know if the price will go up or down.
January 19, 2020, 08:35:57 AM
Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on. All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars. Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars. Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business. SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin 
If you are still to dumb to get it read a few examples below:
I may agree with you with this. If you are still to dumb to get it read a few examples below:At this moment, there are no establishments who are accepting Bitcoin ONLY right now as a mode of payment because it will be less hassle for the customers if they will use US dollars and same goes into other countries. What I'm doing is I'm still converting my Bitcoin into my countries currency so that I can use it to buy other things. Bitcoin for me is just an alternative way of payment if we will use it as a mode of payment because it is more costly (tx fees) and more hassle.
Even though this is still the problem of Bitcoin right now (scalability and High tx fees), I still believe that Bitcoin will fix this problems in the next years and will fulfill what is the main purpose of Bitcoin.
January 19, 2020, 06:12:28 AM
It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.
January 19, 2020, 05:16:09 AM
We have the same mindset, but people think that if they spend bitcoin in a store that accepts it, it will help the bitcoin adaptation (how I wish) maybe a little, like 0.00001 percent, like the percentage of you winning when you play in the lottery. It is like over spending on to something that is cheap, or will be cheap when the time comes that bitcoin's price will take a come back.
Just like what you have said, if you guys bought something at 1 bitcoin, for example a small house or apartment in a third world country, then after a year or two, it will make you regret the fact that you spent 1 bitcoin on it, I mean I would rather use fiat because it is not heartbreaking since it is not volatile like bitcoin.
Just like what you have said, if you guys bought something at 1 bitcoin, for example a small house or apartment in a third world country, then after a year or two, it will make you regret the fact that you spent 1 bitcoin on it, I mean I would rather use fiat because it is not heartbreaking since it is not volatile like bitcoin.
January 19, 2020, 04:55:15 AM
For now we cannot really buy some products and pay through bitcoin directly. Converting it to USD or to our local currency is the basic process. We all know that its not yet legalized to all countries and we are still utilizing our paper bills. I think there are online transactions like load or buying minutes, paying travel and bookings and some utility bills.
January 19, 2020, 04:25:15 AM
You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold
Let's not get provoked with what he said as we all know that when time comes that the market is good, there will be a lot of FUD, fake news that will spread around the crypto world, they will manipulate the price trying to bag more as much as they could, so let's not waste our time thinking too much about what they said.
January 19, 2020, 01:43:36 AM
That's why I always insult those fomo bitcons and unreasonably worship bitcoin. We all know that no one wants to hold an asset or currency when its price can fluctuate from 10% - 30% in just a few days. We need stability in the value of money to be able to easily plan future plans. and then there are those who say that bitcoin should be a common currency and that the whole society will grow
I think those bitcoin worshipers should read this article and understand people's needs before speaking.
I think those bitcoin worshipers should read this article and understand people's needs before speaking.
I also believe that Bitcoin will never be a national currency it will only be an alternative at best but OP somehow exaggerated and said that no one buys or sell in Bitcoin which in fact is not true. There are already merchants who accept Bitcoin payment thus prove that his belief towards "no one" is false. And many buyers including me pay in Bitcoin to acquire services, items and goods where the provider is not in my country. Though I agree with him that it is initially priced in USD or whatever currency it is but once a buyer wanted to pay in Bitcoin, it will automatically be converted and priced in BTC through third-party payment service.
January 18, 2020, 11:08:54 AM
You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold
It is accepted by the some companies, stores food places. Big companies including Microsoft, amazon, and subway accept Bitcoin as a method of payment. Well known food outlets including KFC, burger king is also using it for receiving payments. It is widely accepted at many places and this acceptance will increase with the time also. Small stores will also introduce it as a payment of method after its wide usage by the people. January 18, 2020, 08:28:10 AM
Bitcoin being an alternative works the same way as other fiat currency. If we want to buy something abroad, our local currency will then need to be converted in USD because it is the international currency used in inter-country trading. But this thread is a discussion about anyone who is selling or buying in Bitcoin and if someone is accepting Bitcoin and a client wanted to buy something in Bitcoin, then both parties agreed to price the item in Bitcoin equivalent thus, the item is priced in Bitcoin.
ABSOLUTELY WRONG... All your denial and trying to dismiss the truth not change reality. Bitcoin does NOT NOT NOT work the same way as other fiat currency. Even in foreign countries, businesses, and people are not pricing anything in BitCoin. You are just to emotionally invested in BitCoin to accept the truth, and trying to WISH something into reality that is not true 🙈🙈🙈
I can go to China and everything is priced in Yuan, and reasonably stable... So contracts can be made based in that currency, leases, etc. etc. This is NOT NOT NOT true with bitcoin. So tell me, if it is the same, in which countries are rents and contracts being priced in Bitcoin
It takes a special kind of stupid to say foreign currencies work the same as BitCoin. You are the perfect example of someone that no one should ever take financial advice, or any other type of advice from.
Hard Facts
I can't believe you have a wild kind of imagination
. Taking a simple example to the extreme. It is a simple question answerable by yes or no, Do you see any item priced in Bitcoin?
Do you see/know/heard people pay an item in Bitcoin?
That is a simple question that is needed to be answered then all this argument is done. And you can stick to your own belief as if I care.
January 18, 2020, 07:42:11 AM
No one ever buys nor sells anything in Bitcoin:
Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on. All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars. Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars. Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business. SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin If you are still to dumb to get it read a few examples below:
If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.
Would you rent an apartment that really operated on Bitcoin, priced your lease in Bitcoin of 1/2 bitcoin per month That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.
How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month. You would be working for almost nothing a year later.
WISE UP PEOPLE, realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency 🙈🙈🙈🙈
It is not wise to use the bitcoin as price of something as the price is very vulnerable and it can change pretty high or low anytime. So others are offering their products price via USD or any currency that are stable and they accept payment via bitcoin equivalent to the price in USD. Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on. All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars. Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars. Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business. SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin
If you are still to dumb to get it read a few examples below:If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.
Would you rent an apartment that really operated on Bitcoin, priced your lease in Bitcoin of 1/2 bitcoin per month
That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month. You would be working for almost nothing a year later.
WISE UP PEOPLE, realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency 🙈🙈🙈🙈
As there are very few stores right now that can afford to gamble in bitcoin vulnerability especially that bitcoin price can be easily manipulated by big investors.
The problem here is the volatility of bitcoin in the market, and it is impossible for holders to just hold it. Maybe some of them still but and sell bitcoin depends on their plan and vision on the bitcoin in the near future. It is about expectation and prediction if it is worth it to hold or it is worth it to sell now. Bitcoin is a risky thing to invest but very fruitful if it grows like what you've expected but they say that in bitcoin, "Expect the unexpected".
January 18, 2020, 02:50:30 AM
You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold
January 18, 2020, 01:39:54 AM
I think everyone knows this, if they claim they don’t then I wonder what kind of sense such a person has. Companies and stores that are accepting bitcoin are doing it because they just want to do it and they are ready to go through the extra work it takes to exchange the money for US dollars, and kudos to them for that because I know that some of them are likely to experience some loss in the process of doing that.
They do all that for the good of Bitcoin and because they want to help people understand Bitcoin and also help create the awareness. It’s a matter of choice, and I do accept bitcoin as payment, I know what it takes to withdraw your money, before I get my money there’s probably going to be some reduction.
They do all that for the good of Bitcoin and because they want to help people understand Bitcoin and also help create the awareness. It’s a matter of choice, and I do accept bitcoin as payment, I know what it takes to withdraw your money, before I get my money there’s probably going to be some reduction.
January 18, 2020, 12:53:09 AM
It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.
January 18, 2020, 12:38:40 AM
It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.
January 18, 2020, 12:23:11 AM
It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.
The more adoption, the more people will use crypto or bitcoin, and in that time, I think people will use crypto to make a transaction because they don't have to use bitcoin only, but they can use the other coins to pay something. They can still hold their bitcoin for a long time, and never sell it if they think that the bitcoin price at that time is not the price that they want.
I am sure that people will not just hold their bitcoin, but they also spend their bitcoin on many things, and bitcoin will be up and down and will still fluctuate. If the crypto accepted and becomes widely, many local stores will use crypto in their payment system. They can expand their business to another place because they can use one currency that will allow them to make a transaction without converting to the local currency.
January 17, 2020, 08:05:39 PM
It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.
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