Topic: Real life usage of bitcoin - page 15. (Read 8999 times)
Your point is not clear colleague? What do you mean? What do you intend to know? bitcoin has made business transactions easily, especially over the internet. Aside that, bitcoin being a business opportunity has brought financial freedom to many people. So tell me now. What more do you expect?
The real life usage of bitcoin is same as the real time usage of our faint paper money, bitcoin as a digital currency is flexible enough that even thou there is no bitcoin ATM for noe you can easily exchange bitcoin to any currency and use it to carry out you daily activities without any hindrance. Bitcoin is part of our financial life now and it really helping us to gain more knowledge on how the online transactions really works and how flexible it has become using it for transactions.
Bitcoin can be used in several ways at the moment, i just do not understand why there are so many people complaining in here on a daily basis, we all trust on bitcoin and we really want to see it shining for the next decades from now.. That is all what we want
The real life usage of Bitcoin is to serve as a medium of exchange of goods and services online, thus enhancing payment with high transaction speed, low cost per transaction and owner control over transaction without any third party involvement. Although Bitcoin is used by most people as an investment avenue, it still serves the purpose of a currency.
Yes I agree. Bitcoin is not primarily invented for investment. Its real life usage is to act as a digital currency for payment system to be able to provide crypto users a safe, secured and convenient transactions online. But now a lot ang engaging in bitcoin for investment purposes.
Yes. There are several uses for Bitcoin, from investment to trade or value reserves. There are those who argue that if Bitcoin is not used as a direct payment method then Bitcoin will fail, but just observe all that has been triggered to see that it is more than just a payment system, there are values and philosophies behind the decentralization that it provides.
The real life usage of Bitcoin is to serve as a medium of exchange of goods and services online, thus enhancing payment with high transaction speed, low cost per transaction and owner control over transaction without any third party involvement. Although Bitcoin is used by most people as an investment avenue, it still serves the purpose of a currency.
Yes I agree. Bitcoin is not primarily invented for investment. Its real life usage is to act as a digital currency for payment system to be able to provide crypto users a safe, secured and convenient transactions online. But now a lot ang engaging in bitcoin for investment purposes.
The real life usage of Bitcoin is to serve as a medium of exchange of goods and services online, thus enhancing payment with high transaction speed, low cost per transaction and owner control over transaction without any third party involvement. Although Bitcoin is used by most people as an investment avenue, it still serves the purpose of a currency.
yes sodara I have proved that bitcoin can be spent for daily needs and can be invested for a business
The problem for the time being is that the Lightning Network is being developed to allow for daily usage. As soon as further upgrades are completed, bitcoin will once again be known as a means of exchange. This will happen in a year or two.
If it takes only the next 1 or 2 years it will be a good thing but will it happen? Does the information have certainty?
The problem for the time being is that the Lightning Network is being developed to allow for daily usage. As soon as further upgrades are completed, bitcoin will once again be known as a means of exchange. This will happen in a year or two.
Believe it or not,Bitcoin now has several use,like in Nigeria luno,converts your Bitcoin to fiat,you can buy data,airtime,through bitrefill,and certain superstore accepts Bitcoin now,on and on I can say..
Real life usage of bitcoin is depends on the total acceptance of the community in one country. But bitcoin is just an investment that everyone can use to have a better living. Maybe someday we will see a lot of stores are accepting bitcoin as patments but it will takes too long.
The actual use of bitcoin is very few users, some countries only use BTC in the payment of goods and services in a narrow range, mainly BTC speculation is the main purpose.
While BTC is still at 4 digits, lets enjoy it. I'll tell you, after this bear market you will regret of not buying it.
Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
The regular basis uses of bitcoin will only be achieve if the prices can be more stable than it is usually right now. This needs to happen first so that all other industries will be encouraged to open up for bitcoin as payment method. Then I expect that the confirmation time for bitcoin will further improved.
Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
Cryptocurrency is like fiat money but the difference is that cryptocurrency is a virtual money and not have physical features. Usually cryptocurrency like bitcoin is being used online to buy products and pay bills. Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
Although bitcoin doesnt have any physical features, we usually use it in our daily lives just like a normal fiat money, we usually use it in paying some bills and buying some products especially online products. Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
In reality there are so many usages of bitcoin in our lives. Since this is a virtual currency and used a blockchain technology it helps people to get more opportunities to earn and to makes an investment in their future. Bitcoin has a possibility to gives people better life in their future career.
I see most people now a days used bitcoin as payment method as well as for trading purposes, I could see decade from now, Bitcoin will be used by bigger companies as a mode of payment due to its fast, efficient and convenient to use. It is also good as a form of an asset because the value had the characteristic to fluctuate up.
For me personally I used it for payment methods such as internet bills, electricity bills and many more stuffs. I agree that it is pretty convenient to use Bitcoin for payment methods, easy to use and hassle free. 
Much better to say years from now rather than decades from now lmao.
That is is still very early to say anything about that, i think that still most of the people are using bitcoin for trading and investment purposes only, may be very few people have the opportunity to use bitcoin for shopping and other purposes in real life, but in future may be when bitcoin will become too much popular then it will become possible and we will become able to use bitcoin for so many purposes in real life.
The only barrier that keeps away Bitcoin from its potential as a payment method for the majority of the stores is its volatile nature, And when companies or store owners here about this they will think twice if they should accept it. There are some stores that accepted Bitcoin and some facilities that accept it especially at the time that the hype is burning intensely way back late 2017 and early 2018 when the value of Bitcoin is sky rocketing high and playing at $18,000 USD to $19,000 USD. But even Bitcoin has this kind of downsides about volatility issues it is still one of the best innovations that happened in the digital age world. 
Yes, most people do not consider the use value of bitcoin nowadays, and the price explosion is irrelevant to its actual use. People are more likely to make money by investing in bitcoins. I think the actual use will not change much in the past ten years.
I don't need to use bitcoin in real life. For me, it is enough that bitcoin is very good to use as a means of investment.
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