Topic: Real life usage of bitcoin - page 30. (Read 8999 times)
Its nothing like that. It doesn't matter if bitcoin confirmations are slow or what. When you send you bitcoins you can not really revert the payment so the buyer is is assured that he will get his money.I have used bitcoins to buy the exact same things you do with fiat, hoard some, invested some, bought stuff from digital games and online purchases to brick and mortar shops that actually occasionally accept bitcoin. Your assumptions are mostly unfounded. Value comes with usage, not with hoarding 100%
Bitcoin has an indirect use of real life. You turn it into fiat then buy your needs as well as your wishes. From the beginning, I've been using bitcoin to buy something I want
After I joined in bitcoin I can buy valuables, bitcoin is very useful for our lives especially for adding to our economy. if you know how to use it and many other things about bitcoin. There are also things that people would rather use Bitcoin as payment ie the one who offers service there in terms of Bitcoin.
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.
I don't know about such ATMs, but yesterday I read about Montenegro, three luxurious flats or houses were sold 420 BTC. So I think it's just a matter of time, soon we will be able to use BTC or Ethereum in supermarkets, i am sure this will happen, but maybe only some countries.
the fact that it is mostly used for speculation, and the fact that you have not yet seen or maybe looked for its usages doesn't mean it doesn't have them.
it is easier with bitcoin! and it actually will be a lot more profitable if you do it with bitcoin because there is a lot of room for new businesses that already exist with fiat but not with bitcoin.
take a look around you and you'll see a lot of them who are thriving:
- payment processors such as Bitpay
- gambling sites: just look at some of the signatures and how much those websites are earning!!!
- online shops: there are a lot of them selling all kinds of stuff, from digital small goods such as gift cards (Gyft.com) and games,... to bigger physical goods.
- exchanges
- web wallets that control the private keys such as XAPO and Coinbase
- bank like services that are issuing debit cards for bitcoin.
Growing and building your own business has never been so easy thanks to Bitcoin.
it is easier with bitcoin! and it actually will be a lot more profitable if you do it with bitcoin because there is a lot of room for new businesses that already exist with fiat but not with bitcoin.
take a look around you and you'll see a lot of them who are thriving:
- payment processors such as Bitpay
- gambling sites: just look at some of the signatures and how much those websites are earning!!!
- online shops: there are a lot of them selling all kinds of stuff, from digital small goods such as gift cards (Gyft.com) and games,... to bigger physical goods.
- exchanges
- web wallets that control the private keys such as XAPO and Coinbase
- bank like services that are issuing debit cards for bitcoin.
Good list mate, I think that's a few of the many uses of Bitcoin. However, if you would go down to the bear minimum, then I would say that people more so use it as an investment or trade medium than it's original function as a currency. Right now, the weakest and most basic way to use it is to use it as a means to pay for some goods or services, provided that, the company accepts such payment. More people who are in possession or cryptocurrencies use it as a means to invest and trade rather than like that of money, simply because it would be more gainful that way.
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.
I do not think Bitcoin should be used to for day to day expenses. It should be stored and then sold when the price is high. The coins like TAU are good to keep in wallet instead of spending on regular use. The best way is to keep it in with ourselves, and use it at the time when the returns are being given. 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.
It is true, I also believe that bitcoin should be used for daily purpose, but the problem is, it is not accepted by governments for daily transactions even in countries where it is legalized. Secondly, it has another purpose; higher returns. For example, investing in PRG will majorly result in higher gains.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 it is still a value and very difficult to apply in practice at the present time. Because it seems the government does not accept it and it is not legally used at the present time. However, I think it is quite easy to switch to fiat and use and practical. So many people still choose to invest in it
Bitcoin can not be used in practice, you can not handle it directly on hand, Especially with tax implications around BTC depending on your country of residence and Crypto regulations.
Bitcoin has no practical solutions, Bitcoin and Altcoin have not yet created real payment solutions. Everyone considers Bitcoin as a portfolio, which helps investors to profit.
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.
here in the phillipines we can use bitcoin to buy things that we like and pay bills in goverment and private, I myself use bitcoin to pay for my electric bills. If we can do it here in the phillippines why can't other countries do it also.
There is no limitation in Bitcoin usage. People can use bitcoin always in real life, commercial life and business life. I used my bitcoins in big hotels and for online purchasing.
i think bitcoin is really valuable thing in the real life. Although it is a virtual currency but it helps us like real currency. Anyone can access it anywhere anytime with the help of Internet. Bitcoin mainly solve the money transaction related problem. Many user of Bitcoin mainly use bitcoin for this money transaction thing and bitcoin is very helpful in my life and makes my life better and comfortable in everyday and economic needs, bitcoin like a hero in every problem I face especially in financial matters.
The real life usage of bitcoin is to give money to all people. They give a stable source of income which helps the people to change their current life status and earn something that will contributed alot in future.
Bitcoin is a blessing that you should be thankful off.
Bitcoin is a blessing that you should be thankful off.
At the moment, humanity is not really ready for the widespread use of bitcoin, but the technology does not stand still and develop, someday it will happen.
Its not at all like that. It doesn't make a difference if bitcoin affirmations are moderate for sure. When you send you bitcoins you can not by any stretch of the imagination return the installment so the purchaser is guaranteed that he will get his cash. Additionally, you can arrange charges and request that purchaser pay half and you will pay a large portion of that way affirmation would be quicker. It isn't important to have bitcoin as method of installment. You can without much of a stretch swap your bitcoins as USD or whatever your neighborhood money is with the assistance of exchangers and afterward pay to purchaser. For what reason to confine one self by simply adhering to bitcoins. You can continue procuring riches also and continue spending at a similar rate and it gives all of you the opportunity you need.
if bitcoin is used in all areas of society then we can see social acceptance everywhere in the market and it is the positive move for cryptocurrencies industry all together
Bitcoin is now being used in real life. Aside from traders, there are some private stores that accept Bitcoin as payment. There's an ATM machine that trades your money into Bitcoin. But for me, the reality of Bitcoin is for my trades. I always Bitcoin to trade it to other altcoins. I am a Bitcoin holder even I'm a trader. My profit from trading is being traded back to Bitcoin. That's what traders do. We love Bitcoin, whether the price increases or drops. We all have the advantages. So using it in real life, buying real life assets or even food would be difficult for both consumers and suppliers. I still see Bitcoin as a digital asset that can help us grow our real-life assets.
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 can all happen and can be done if the country has inaugurated bitcoin as the applicable and official currency to conduct sale and purchase transactions 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.
So par as I know there are many real life usage of bitcoin. There are many company accept bitcoin. You can purchase all the thing of your daily life by using bitcoin. There is a e-commerce site like Amazon and others who accept bitcoin as their payment. You can use it at KFC and to purchase the product of Microsoft. If any company do not use bitcoin then you can swap bitcoin to USD or any other local currency. So, if you lead your total life by using bitcoin, that possible. And if you ask about the speculation, I will say it is the nature of bitcoin. So, we will not bother of that.
Jump to: