No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on! - page 3.

FlightyPouch

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Quote from: diahsw on January 17, 2020, 06:41:43 PM

in fact, there are already those who make such rules in other countries ... they might consider it a technological advance. and in my opinion it depends on the assessment of each, I do not want to comment too much.

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.

diahsw

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in fact, there are already those who make such rules in other countries ... they might consider it a technological advance. and in my opinion it depends on the assessment of each, I do not want to comment too much.

Asuspawer09

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Quote from: HardFacts on January 16, 2020, 01:29:53 PM

Quote from: huige007 on January 16, 2020, 12:25:12 PM

Also it is addressing the problems for which it was created. It was meant to deal with the financial problems of people who are not stable much.

ABSOLUTELY WRONG !!!

Bitcoin is hugely unstable, the price changes many times faster than fiat currencies. The only Fiat that is more unstable than bitcoin is a fiat that is in UTTER COLLAPSE, like Venezuela...

Those that bought BitCoin at 20,000 or 14,000 recently are in MORE financial problems.

How dumb can you be ?

Agree, there are so many big transactions in the blockchain that is recorded. I think this is most of the time where bitcoin is getting a dump to transactions or buying or selling bitcoin because the market price of bitcoin is dumped a lot of investors or users do not get hype they this price for most of the investors that should be investing at this time since the market price is dump doing buy low and sell high method. It is more of a logic where they are going to invest in bitcoin when that market price is so high hoping that the bitcoin price is going to continue increasing its price in the market.

If you're talking about fiat money to bitcoin I think it is already part of the system since we also convert bitcoin to fiat money because still, we cannot fully use bitcoin as a currency since it is limited to some physical stores and even online.

Lauren Smith

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What crap are you talking? You pay the USD equivalent in bitcoin. The price would change automatically based on the market. I spend bitcoin more then i spend fiat. I really have no idea what you are on about. Have you ever paid for anything using crypto?

huige007

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Quote from: BlackFor3st on January 17, 2020, 03:37:03 AM

Quote from: HardFacts on January 15, 2020, 03:13:28 PM

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 Huh

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 Huh

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.

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.

Bitcoin is a very stable method of payment. You cannot deny its value and importance depending upon its fluctuating nature. It is strongest among all, and will soon gain a powerful place in everyone’s living. If you are calling it as vulnerable by comparing it with USD or other currencies, their price can also fluctuate. But the benefits you can gain from Bitcoin cannot be provided by the other currencies.

btccashacc

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The only thing that I know people buy something in Bitcoin not in fiat value is the VIP account in this forum, the price for the VIP account is 50 Bitcoins and never change until this point even though the price was skyrocket. Well, this has been discussed many times that bitcoin should not attached to the fiat, but in reality, people still see bitcoin in fiat value similar to other commodities such as gold.

ragavancoin

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Bitcoin payment is not accepted in all the countries and not regularized in all countries. Once it is legal you can use bitcoin as a payment option happily. People buying or selling bitcoin is left upto them. Online payment merchants have to convert into USD dollars. Converting to USD is not an issue. If it is used as a currency still it will be good.

Bitcoin is volatile if it is stable we can use as Rent an apartment and pay for salary.

Using bitcoin is not legalized in our country worth using bitcoin and the best thing is I am part of it.

Life is better with Bitcoin.

gerica0613

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There are some places though where they take payments in BTC without converting it and then just store Bitcoins

Baby Dragon

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Quote from: airdnasxela on January 16, 2020, 11:04:18 AM

We have different perceptions and how we're going to handle our bitcoins. Those sellers that accepts Bitcoin and immediately convert it with fiat, maybe they don't really want to invest in bitcoin. Maybe they just accept Bitcoin, because their customers want it. They have to go with the demand. While other merchants who accept Bitcoin might really are into Bitcoin. Investing in Bitcoin is already a risk, and it's more risky for businesses because they might end up losing profits so there's nothing wrong if they want it that way

People have different levels of perception and preferences, you can't just expect people to make a decision without thinking the possible outcomes which means they have their own way to handle and manage their business. It means they can decide which is the best for their businesses, they consider a lot of things before doing it to assure that they will not end up feeling remorse. Some stores are aware of the capabilities and potentialities of bitcoin, they are aware how it can improve the businesses. Most of them take accept it as an opportunity to grow their profit but some chooses to convert it for other purposes, it's their money so don't judge them and if you think that they just let the opportunity be wasted for nothing then let them suffer the consequences and we can't do anything that is why it's better learn to accept and respect other people's perception because in the end they are the person who will face the result of their actions.

HardFacts

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Quote from: serjent05 on January 17, 2020, 02:07:14 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 Grin

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

Reid

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Then dude posted it in bitcointalk?
Why go so far just to tell it all? Grin

Are you really that caring for the people of the world? Grin

Thank you for your kindness, I do appreciate that you want something better for everyone. Wink

You could stop now. We all heard you pretty well. Now, maybe there will be a forum for US dollars supporters. You will be better there with that kind of introduction.

piebeyb

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Bitcoin Trader

since a few years ago maybe I thought bitcoin could be a micro payment transaction such as buying a cup of coffee and others, but now it seems like it's not valid because of the high value so it's better to keep it as an asset just like the gold I bought to save, even though it can be used to pay for anything, but this is where it depends depending on how people use bitcoin, unfortunately I cannot give much response because in my country I cannot use bitcoin as a means of payment and I have to comply with it even though bitcoin is not prohibited only as an asset Huh

BlackFor3st

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Quote from: HardFacts on January 15, 2020, 03:13:28 PM

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 Huh

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 Huh

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.

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.

serjent05

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Quote from: HardFacts on January 16, 2020, 09:08:09 AM

Quote from: Amel on January 16, 2020, 08:31:39 AM

Alright, this is like if you buy something abroad, it is not possible for you to pay in a currency in your country, if you can, you will need a third party to convert it later.

ABSOLUTELY WRONG !!!!

In foreign countries, rents, salaries, food etc is priced in their currency. These things are NOT, NOT, NOT priced in bitcoin anywhere on the planet. As hard as you try to convince yourself, it is just not true. WISE UP.

Hard Facts

Ugh... I think your confused, stop being emotional and be rational. We all know that commodities are priced in currency but the one you quoted is just telling the fact. 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.

breathlessz

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Quote from: DevilSlayer on January 16, 2020, 10:54:46 PM

Quote from: romero121 on January 16, 2020, 08:47:50 PM

For this purpose the lightening network is under development and once it gets full force functioning micropayments will be carried out in terms of bitcoin. By then people prefer buying low price services and products with bitcoin. This way of bitcoin acceptance won't affect the buyer or seller even at hard fluctuation. When it comes to high priced products it is upto the buyer and seller, if both finds it worthy then they can do the trade without thinking of market fluctuations. Till date more large scale business transactions have taken place in terms of bitcoin exchange.

The lightning network can boost the bitcoin's popularity, until now many investors are now excited about the halving because in terms of utility; there is new added features. The market is in downtrend, there is pscyhological effect which lead to people who have bitcoins to hold and not use it in their transaction because they know that they will incur losses.

many bitcoiners are waiting for the half-bitcoin reduction event, so the intensity of bitcoin sales is decreasing, moreover it happens in about 3 months. with prices still below, and the possibility of a large increase it is logical if many are holding it

Janation

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Quote from: barabarian1 on January 16, 2020, 09:09:45 PM

because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

And it can affect the price, isn't it?

What is the difference of it from selling your Bitcoin? There is none right? It is the same. And if that continue to happen, then the price might have a dump every now and then. Also, there are a lot of payment methods to use, why would they need Bitcoin to pay if stores does not really accept it? They can use other methods.

DevilSlayer

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Quote from: romero121 on January 16, 2020, 08:47:50 PM

For this purpose the lightening network is under development and once it gets full force functioning micropayments will be carried out in terms of bitcoin. By then people prefer buying low price services and products with bitcoin. This way of bitcoin acceptance won't affect the buyer or seller even at hard fluctuation. When it comes to high priced products it is upto the buyer and seller, if both finds it worthy then they can do the trade without thinking of market fluctuations. Till date more large scale business transactions have taken place in terms of bitcoin exchange.

The lightning network can boost the bitcoin's popularity, until now many investors are now excited about the halving because in terms of utility; there is new added features. The market is in downtrend, there is pscyhological effect which lead to people who have bitcoins to hold and not use it in their transaction because they know that they will incur losses.

ajeef

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Quote from: barabarian1 on January 16, 2020, 09:09:45 PM

because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

Yeah bitcoin should become a stable coin if we want a mass adaption, but i think that wouldn't happen, the art of bitcoin and cryptocurrency trading is when the price move dynamically in a short time that's what make it popular. I think bitcoin and other alts is still gonna be a trading thing until a long time because people use it for that.

HardFacts

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Quote from: sunsilk on January 15, 2020, 03:30:48 PM

It is realized and understood by everyone here. The pricing are in dollars and converted to bitcoin for payment. Bitcoin should be used as a currency because that's the main feature of it,

Given some of the statements, it is NOT understood by a lot of people here Grin

So the promise of BitCoin as a currency is that it should be HARDER, MORE TIME CONSUMING, and MORE EXPENSIVE to use ?

barabarian1

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because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

Topic: No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on! - page 3. (Read 1022 times)