Topic: Real life usage of bitcoin - page 23. (Read 9021 times)
Do not get too negative about bitcoins acceptability. Who will accept if transactions will take long? Will many! I am sure of it. Because there are also transactions that could take even a lot of time longer than bitcoin will be. I myself don't want to line up just to send money and fill up some forms, use my IDs for verirication or whatsoever. This is not so good for me. I'd prefer to make transactions using bitcoin no matter if it is taking long enough as you said.
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.
it is difficult to determine the correlation between bitcoin and fiat money because they are both much different when bitcoins are always changing. 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.
I think Bitcoin will have more applications in the future as virtual currencies expand and deepen into real life...
t what I feel since I invested in bitcoin. bitcoin Very many positive impacts and benefits for my economic life. With bitcoin I can live without any deficiencies in economic terms. Even I can share the fun with bitcoin to the poor.
Bitcoin still needs some improvements before becoming a real money, just like dollars, euro etc. But at the moment it's very useful for those who want to move from one side of the world to the other big amounts of money, without waiting for the bank approval, holidays, etc etc.
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.
Bitcoin use to transact money that's his why he creates. I'm so happy that bitcoin that i used can buy some stuff and pay bills in easiest and fastest way. Using android phone and app you can do it you are knowledgeable about bitcoin and accept it greater things are yet to come. 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.
Why are you worried? You can use bitcoin to shop at online stores and conventional stores, there are many places in different parts of the world that are willing to accept payments using bitcoin.
Bitcoin is one of the most valueble coins around, there are currently store accepting BTC as a form of pay tothei goods and services, most of these ar still online based but a number of them are coming up offline, you can use BTC to buuy goods and services from such stores
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.
Bitcoin is a currency just like fiat and should be treated as such. It was not developed to be a relative to fiat but a better and transformed currency to foster transaction in low cost, secure, safe and easy systems. 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.
yes, you are right that bitcoin falls but not only it falls and its competition is falling. Here Socratus is already growing in the world crypto market and here new crypto projects are developing and not only
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.
These are serious issue that you have raised. Because the price of Bitcoin is volatile it will make it difficult for both traders and consumers. An example of such situation is when a a retailer stock his shop with items worth 1BTC at a time $1BTC was $10k and now that the price of 1BTC is $6k: how would the person sell this item for 1BTC. Inflation will set in here. 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 price should not correlate with the" real value " of bitcoin, but with its market value. The price is a balance of supply and demand, so any current price is reasonable and fair. As for the prospects of bitcoin, I think that in the coming years the price can grow to 40 000 dollars.
It does not matter if bitcoin grow till $40k but the problem is what the real life usage of bitcoin? I think you miss about the question. Actually bitcoin is very good for saving and get income but in real life, bitcoin has no real usage yet. Since only some people who use bitcoin to pay something. We need more usage.
In the future, we don't need ATM machine to withdraw money from it since if in the future money and account work digitally then all we need is an account or crypto card to pay online or swipe it on the counter. No need to hold a cash or look for atm, all we need is to implement the crypto ways.
The price should not correlate with the" real value " of bitcoin, but with its market value. The price is a balance of supply and demand, so any current price is reasonable and fair. As for the prospects of bitcoin, I think that in the coming years the price can grow to 40 000 dollars.
It does not matter if bitcoin grow till $40k but the problem is what the real life usage of bitcoin? I think you miss about the question. Actually bitcoin is very good for saving and get income but in real life, bitcoin has no real usage yet. Since only some people who use bitcoin to pay something. We need more usage.
Actually bitcoin was just merely a tool being used to represent the fiat money being exchange in return that it might get a good market price as time and more people that will engage in bitcoin that will result to high demand on bitcoin. The market price value for bitcoin will determine its demand. So meaning the higher the demand for bitcoin the higher also its market price. But its usage is none? Unless if someone or both parties will agree on the forms of payment which is bitcoin is being used.
The acceptance of Bitcoin in stores are on the process like in Japan where it is widely accepted and soon the rest of the world would.
Bitcoin has its real life usage indirectly. You convert it to fiat then buy your needs and also your wants. Some make their living in Bitcoin and earn it to feed their family and buy some luxury if they want to. The Bitcoin as it stands as the major and king of all cryptocurrencies experiences congestion in blockchain that slows down the transactions will soon be resolved. Also there are other coins which has less traffic and trusted which is much suitable to use in this kind of business that requires a fast confirmation of transactions. Still the other coins are there to support Bitcoin and users would tend to store the money that they have gained to Bitcoin. There are also things that people prefer to use Bitcoin as payment that is people who offers there services in terms of Bitcoin.
Soon we will experience the real life usage of Bitcoin directly.
Bitcoin has its real life usage indirectly. You convert it to fiat then buy your needs and also your wants. Some make their living in Bitcoin and earn it to feed their family and buy some luxury if they want to. The Bitcoin as it stands as the major and king of all cryptocurrencies experiences congestion in blockchain that slows down the transactions will soon be resolved. Also there are other coins which has less traffic and trusted which is much suitable to use in this kind of business that requires a fast confirmation of transactions. Still the other coins are there to support Bitcoin and users would tend to store the money that they have gained to Bitcoin. There are also things that people prefer to use Bitcoin as payment that is people who offers there services in terms of Bitcoin.
Soon we will experience the real life usage of Bitcoin directly.
There are more you can do with bitcoin you can buy anything in market who are accepting bitcoin and also using bitcoin to online game it's very useful it's represents wallet if you have like and you think it is interesting you can have it by using bitcoin.
for me. if for the long term possible for bitcoin to be utilized as a means of payment however,the role of government is needed to provide a sense of security for someone if you want to invest in bitcoin. now many people using bitcoin to as investasi.most large around the world using bitcoin Karan can be beneficial to US, bitcoin can profit through buy sell an item that can help our future and family.now bitcoin be a new hope for all users because can generate additional US.
For me bitcoin real life usage is online currency as we know it at the beginning, we can used it to buy other crypto or others things in every establishment that accept it for payments.
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.
Well, we cannot make a move to address this problem because the countries' government and the businesses around it to make the ATM that allows bitcoin to happen. Also, we cannot also really control or do something of the real life use of bitcoin but I think that doesn't really matter. What matters the most is what we are getting or what bitcoin can do for us. Well in my country, some of the businesses here allows bitcoin as a payment but again, for me that doesn't matter because bitcoin helps me earn money. 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 our country there not much accepting bitcoin for payment so we sell it in bank. and im doing bitcoin for so long there's a lot of things that i buy cause i sell my bitcoin to be cash so thats it
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