Real life usage of bitcoin - page 45.

Monnt

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Quote from: Daniel91 on June 02, 2017, 10:03:08 AM

Last year I tried to build online advertising platform with friends.
I didn't have enough funds so I spend some of my btc funds in the wallet.
I also cash out some of my btc funds in order to buy a new computer.
So, after all, I feel that I used my btc money wisely but now, when I see btc price, not sure any more

Well this is true that the bitcoin now a days is preferred by the people to not to spend and save it only. It personally doesn’t sound good to me. Whatever the price may be I don’t care if I am in need to spend some I will definitely spend them. I don’t like it being stingy and greedy all the time. The life is to enjoy no worries if you spend a little on yourself. To me the loveliest time is when I spend my earnings on myself.

mizrak

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If you can go in the Japan you can see that Bitcoin can be used for the every payment purpose of you want to pay , even the airlines in Japan are started to accept Bitcoin as payment method . Bitcoin is now available at the local shop in the Japan , to think about the practical use , I think in the logical way that how the economy of the Japan is increasing with the Bitcoin .
Japan is a big power in the technology ( 3 biggest to be precises) so you can measure how much the Bitcoin is powerful and safe according to the technology future with our money .
Bitcoin means when technology meets future money.

megynacuna

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Quote from: jak3 on June 04, 2017, 02:29:58 PM

its a fare and square point. people will use paytm in my region but they will not use bitcoin, because there are many disadvantages of it and to get profit they have to actually use it. so they will choose other stuffs more than a virtual currency as they don't understand it till now.

Well you have them to adopt Bitcoin, every new thint takes time before it sinks deep into people's individual lifestyle and so give it some time while you teach them about Bitcoin and it's usage and I believe with time they will adopt.

beerlover

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Quote from: Gens09 on June 02, 2017, 06:51:32 PM

I guess bitcoin today is just for investment but still you can use it to buy in a store that is accepting bitcoin but not really in all store because I guess bitcoin is still in the process of adopting in so many countries and still many countries don't accepting bitcoins.

Yeah this is how I think of it as well. I think now a day it is not wise to spend any bit of the bitcoin. Hold it and keep it in your wallet as much as possible. I am saying it because I know and I can see the future of the Bitcoin, today people are talking to collect bitcoin but in a year or two people will be trying to collect satoshis so to be wealthy.

jak3

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its a fare and square point. people will use paytm in my region but they will not use bitcoin, because there are many disadvantages of it and to get profit they have to actually use it. so they will choose other stuffs more than a virtual currency as they don't understand it till now.

South Park

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Quote from: ekoice on June 04, 2017, 12:37:20 AM

Bitcoin is mostly used today as an investment which would yield huge returns.The confirmation time is long and definitely it would be a big obstacle in accepting bitcoin for merchants.But since bitcoin payments cannot be reversed,merchants could give the products as soon as they see the unconfirmed message in their wallet.But there is a problem in that also.If we buy a product for $100 and we pay in bitcoin.If it takes about two or three days to confirm and at that time bitcoin price falls down,for example if our payment value becomes just $90 dollars,who would be willing to bare that loss?So it has to be solved at any cost.

To be honest, I think once a deal it is made then the seller must bear that loss, what I mean is lets look at it from the opposite perspective, if you buy something and then bitcoin reevaluates then you are not going to ask to get the difference back right? And even if you did no one is going to give it back to you, that is why many are holding their bitcoin and don’t let go, so in my opinion once you agree to the terms and you send the bitcoin then the seller will get the profits or the losses due to the changing price of bitcoin.

MFahad

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Bitcoin give the different effect and usages in the real life of the people.
Now about me, i don't want to use bitcoin in all necessaries of the life.
Because i want to save bitcoin in my wallet. Because i know that i can't buy bitcoin again,
that the reason i want to use bitcoin only in investment or trading not in real life usages.

wallstone

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Quote from: jeffytune on June 01, 2017, 05:18:35 PM

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.

The real life usage of bitcoin that you can use it in different kind of transaction like paying bills, shopping online,in business and many more.Bitcoin are commonly use in different country and they use it in there business.Im glad that bitcoin is kind of money that you can in any kind of transaction.

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Personaly I spend Bitcoins with my Bitcoin debit card moste of the time because there are still not much places, at least in my country, where you can spend Bitcoin directly. But where I go somwhere abroad I inform myself about places where Bitcoin is accepted. And I wish there were more online shops who accept Bitcoins and not only for tecnical goods.

Przemax

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There is a one awesome page:

www.bitlisting.com

It shows a lot of places around the world where you can pay using bitcoin.

I have personally added all of the listings that I could find in Poland where I live, all of those listings are mine.

As you can see one of the most important aspect of bitcoin business, is that they have a free advertisement from the sites like this.

gamerfan

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BUY BITCOIN WITH PAYPAL AND CREDIT CARDS

Quote from: jeffytune on June 01, 2017, 05:18:35 PM

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 get your point.
Bitcoin usage to buy stuff is nothing compared to its value in $. Thus its purpose seems to be mainly an investment tool, not a method to buy stuff in your favorite store.

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Quote from: ekoice on June 04, 2017, 12:37:20 AM

Bitcoin is mostly used today as an investment which would yield huge returns.The confirmation time is long and definitely it would be a big obstacle in accepting bitcoin for merchants.But since bitcoin payments cannot be reversed,merchants could give the products as soon as they see the unconfirmed message in their wallet.But there is a problem in that also.If we buy a product for $100 and we pay in bitcoin.If it takes about two or three days to confirm and at that time bitcoin price falls down,for example if our payment value becomes just $90 dollars,who would be willing to bare that loss?So it has to be solved at any cost.

The only solution to that is if segwit gets implemented / block size increases and transactions get confirmed quickly. Otherwise, merchants could specify a high transaction fee and hope that it confirms. Yet another possibility is that merchants stick to off-chain bitcoin purchases.

eaLiTy

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Quote from: jeffytune on June 01, 2017, 05:18:35 PM

Who will accept it in store when confirmation time is so long.

I highly doubt that the real genius behind bitcoin does have any plans to make this a currency to be accepted in stores rather than it could be used as an asset like you invest in shares and bonds as well as storing it in a vault.If you look back bitcoin was developed after the great economic depression which is caused by the incompetency of the higher hierarchy of the financial sector and they literally gambled with everyones wealth,so in my opinion it is developed to have a control over our asset than a third party.

mharz

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Real life usage of bitcoin was good because it largely help to the people who want part time job, using of bitcoin I earn much cash due to help of bitcoin. I buy anything I want using of bitcoin. That's why I'm very thankful to bitcoin because of this I earn much better amount than my salary.

ekoice

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Bitcoin is mostly used today as an investment which would yield huge returns.The confirmation time is long and definitely it would be a big obstacle in accepting bitcoin for merchants.But since bitcoin payments cannot be reversed,merchants could give the products as soon as they see the unconfirmed message in their wallet.But there is a problem in that also.If we buy a product for $100 and we pay in bitcoin.If it takes about two or three days to confirm and at that time bitcoin price falls down,for example if our payment value becomes just $90 dollars,who would be willing to bare that loss?So it has to be solved at any cost.

Dudeperfect

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Quote from: bitbob82 on June 03, 2017, 11:40:38 AM

Quote from: Dudeperfect on June 03, 2017, 08:56:22 AM

Quote from: markjamrobin on June 03, 2017, 05:23:07 AM

Quote from: Dudeperfect on June 03, 2017, 05:19:58 AM

I see it from a different perceptive. I respect the people who spent their holding because without that bitcoin would have never had the large user base and four figure price with it. It is the efforts of the early adapters who preferred to spend their coins instead of holding it and now it's our turn to hold 50% and spend 50% of the bitcoins that we have with us. This is my personal opinion but I seriously think in that way as I believe movement is growth.

You are thinking in the general direction, and I think that you are not wrong, that is what we all see at bitcoin the present moment. However, I'm always worried, bitcoin can crash at any time.

There is always a possibility of an earthquake and other natural disasters but still, we choose not only to live but also to chase and fulfill our dreams. Yes, bitcoin can crash anytime but have you noticed why we haven't seen a strong crash yet? it's because the faith of the users and failed attempts of hackers proves that how strong is the network. I don't see any reason that people would stop believing the bitcoin in future, it will continue to grow.

i think that we should take bitcoin as normal currency, i think not only bitcoin but any currency either it is crypto or fiat currency can fail, but we have to continue using bitcon just like normal currency. and to not need to take extra stress about bitcoin. i am sure that bitcoin will continue for ever and will very soon become the top currency of all over the world.

Well, I can understand your point of view but to be honest, bitcoin is not a mere currency. It is something far better than it. We should be able to utilise its advantages, and since the area of bitcoin is the whole world, there is no doubt that it will be the most used currency even if it could fetch 10% to 25% users from each country.

btcney

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Quote from: Dart18 on June 03, 2017, 03:07:16 AM

Quote from: jeffytune on June 01, 2017, 05:18:35 PM

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 became an investment and that is it. I never heard one of my friend that talks about using bitcoin as a means of payment to buy food or things. The only one who gave me a story is a gamer who used a bitcoin for buying premium items in a certain game.
But after that he dont even know what else would be its purpose. It became a bank (wallets) to where we just store it and dont even have enough reason to use it for different transactions.
The goal is just to hold and wait for a bigger price.

Yeah bitcoin is pretty much a speculative tool. It could be used in real life but the blocks are too full. The block retarder time is too long and far between. It makes it impossible to defend yourself as a shopkeeper against double spenders, because if you want to wait for the confirmation.atilns to finally hit you'd be talking about days potentially. And in those days the price of bitcoin could fluctuate, meaning exchange rate risk for the shopkeepers.

I'd like to think that bitcoin is not designed to handle real world transactions, therefore there shouldn't be any correlation between real world adoption and bitcoin price.

South Park

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Quote from: ?? on ??

I have use bitcoin mostly for trading proposes. I bought various ALT coin using my BTC, Sometimes i sell BTC on localbitcoins and paxful. I also like recharge my mobile phone with bitcoin.

I always read about localbitcoins. But I don't understand how to use it because based on what read. It is riskier to buy bitcoins their rather than on normal exchange like kraken.

There is not much to understand, you create an account and then you see the offers on the site, the price they are selling, the amount they have and the payment methods they are accepting, select a seller with very good reputation and buy your bitcoin, there are higher risk than when buying from an exchange, yes but it has the advantage of maintaining your privacy if you care about such a thing.

bitbob82

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Quote from: Dudeperfect on June 03, 2017, 08:56:22 AM

Quote from: markjamrobin on June 03, 2017, 05:23:07 AM

Quote from: Dudeperfect on June 03, 2017, 05:19:58 AM

I see it from a different perceptive. I respect the people who spent their holding because without that bitcoin would have never had the large user base and four figure price with it. It is the efforts of the early adapters who preferred to spend their coins instead of holding it and now it's our turn to hold 50% and spend 50% of the bitcoins that we have with us. This is my personal opinion but I seriously think in that way as I believe movement is growth.

You are thinking in the general direction, and I think that you are not wrong, that is what we all see at bitcoin the present moment. However, I'm always worried, bitcoin can crash at any time.

There is always a possibility of an earthquake and other natural disasters but still, we choose not only to live but also to chase and fulfill our dreams. Yes, bitcoin can crash anytime but have you noticed why we haven't seen a strong crash yet? it's because the faith of the users and failed attempts of hackers proves that how strong is the network. I don't see any reason that people would stop believing the bitcoin in future, it will continue to grow.

i think that we should take bitcoin as normal currency, i think not only bitcoin but any currency either it is crypto or fiat currency can fail, but we have to continue using bitcon just like normal currency. and to not need to take extra stress about bitcoin. i am sure that bitcoin will continue for ever and will very soon become the top currency of all over the world.

Dudeperfect

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Quote from: markjamrobin on June 03, 2017, 05:23:07 AM

Quote from: Dudeperfect on June 03, 2017, 05:19:58 AM

I see it from a different perceptive. I respect the people who spent their holding because without that bitcoin would have never had the large user base and four figure price with it. It is the efforts of the early adapters who preferred to spend their coins instead of holding it and now it's our turn to hold 50% and spend 50% of the bitcoins that we have with us. This is my personal opinion but I seriously think in that way as I believe movement is growth.

You are thinking in the general direction, and I think that you are not wrong, that is what we all see at bitcoin the present moment. However, I'm always worried, bitcoin can crash at any time.

There is always a possibility of an earthquake and other natural disasters but still, we choose not only to live but also to chase and fulfill our dreams. Yes, bitcoin can crash anytime but have you noticed why we haven't seen a strong crash yet? it's because the faith of the users and failed attempts of hackers proves that how strong is the network. I don't see any reason that people would stop believing the bitcoin in future, it will continue to grow.

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