Real life usage of bitcoin - page 46.

vohoanghiep55555

newbie

Activity: 10

Merit: 0

Quote from: jeffytune on June 01, 2017, 06:18:35 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 agree with what you say. Maybe too long transaction time is a hindrance. Currently, this is not fixed, so the application of Bitcoin into the actual transaction is impossible, we can only withdraw cash from Bitcoin wallet and transaction

markjamrobin

sr. member

Activity: 462

Merit: 250

Quote from: Dudeperfect on June 03, 2017, 06:19:58 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.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: Barbut on June 03, 2017, 04:24:06 AM

Quote from: AK47- on June 03, 2017, 04:16:17 AM

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

At present less than 0.1% of total population is into bitcoin. There is still a huge potential market for bitcoin. All what is needed is to spread awareness among masses. That is all dependent upon bitcoin community. We should try to aware people more and more. I don't know whether bitcoin will reach $100000 in 10 years. But we will definitely see increase use cases of bitcoin.

I will not say that you are wrong, it`s not true, but I need to remind all of you about gold. For example can some of you my friends tell me where you can go now and buy something with gold? Nowhere?! And we must agree that bitcoin have many advantages over gold. Huge market is not just for bitcoin, there will be a place for some other alt-coins, but we will threat bitcoin as gold.
Before there were cases of enormous spending of bitcoins for almost nothing, now people regret cause they spent so much bitcoins for what, and they could be rich now. People learned and now I doubt that people are spending bitcoins easily.

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.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Quote from: AK47- on June 03, 2017, 04:16:17 AM

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

At present less than 0.1% of total population is into bitcoin. There is still a huge potential market for bitcoin. All what is needed is to spread awareness among masses. That is all dependent upon bitcoin community. We should try to aware people more and more. I don't know whether bitcoin will reach $100000 in 10 years. But we will definitely see increase use cases of bitcoin.

I will not say that you are wrong, it`s not true, but I need to remind all of you about gold. For example can some of you my friends tell me where you can go now and buy something with gold? Nowhere?! And we must agree that bitcoin have many advantages over gold. Huge market is not just for bitcoin, there will be a place for some other alt-coins, but we will threat bitcoin as gold.
Before there were cases of enormous spending of bitcoins for almost nothing, now people regret cause they spent so much bitcoins for what, and they could be rich now. People learned and now I doubt that people are spending bitcoins easily.

AK47-

sr. member

Activity: 644

Merit: 250

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

At present less than 0.1% of total population is into bitcoin. There is still a huge potential market for bitcoin. All what is needed is to spread awareness among masses. That is all dependent upon bitcoin community. We should try to aware people more and more. I don't know whether bitcoin will reach $100000 in 10 years. But we will definitely see increase use cases of bitcoin.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: YuginKadoya on June 03, 2017, 04:01:31 AM

Quote from: soul-impact on June 03, 2017, 03:35:04 AM

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

There is not too much to explain about the potential of bitcoin, we can say that it is infinite, but in fact, it is always limited and managed by the government. Although the government accepts bitcoin, there is also a way for them to control the existence of bitcoin. Bitcoin has a bright future, but it does not think its value has increased unceasingly, 10 years is a long time, but I'm sure it can not reach $ 100,000.

Surely We can Control the Existence of bitcoin by keeping the bitcoin, and the growth of the community of bitcoin enthusiast is a one key for this, but I think It was never meant to be controlled or be managed by the government, we already had a fiat currency, and it was only designed for independent peer to peer transactions, Being decentralized, Bitcoin has no leader,no office, and no tangible asset backing.

Bitcoin is created for freedom and not for any kind of controlling or any kind like that because i think the creator creates bitcoin because he is so sick about the fiat and all of the problems of it so he tried to make another type of money that can be the future money and that is bitcoin which is very decentralized that nobody can control them.

Dart18

sr. member

Activity: 1400

Merit: 259

Quote from: jeffytune on June 01, 2017, 06:18:35 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.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: soul-impact on June 03, 2017, 03:35:04 AM

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

There is not too much to explain about the potential of bitcoin, we can say that it is infinite, but in fact, it is always limited and managed by the government. Although the government accepts bitcoin, there is also a way for them to control the existence of bitcoin. Bitcoin has a bright future, but it does not think its value has increased unceasingly, 10 years is a long time, but I'm sure it can not reach $ 100,000.

Surely We can Control the Existence of bitcoin by keeping the bitcoin, and the growth of the community of bitcoin enthusiast is a one key for this, but I think It was never meant to be controlled or be managed by the government, we already had a fiat currency, and it was only designed for independent peer to peer transactions, Being decentralized, Bitcoin has no leader,no office, and no tangible asset backing.

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: Dudeperfect on June 03, 2017, 03:23:17 AM

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

There is not too much to explain about the potential of bitcoin, we can say that it is infinite, but in fact, it is always limited and managed by the government. Although the government accepts bitcoin, there is also a way for them to control the existence of bitcoin. Bitcoin has a bright future, but it does not think its value has increased unceasingly, 10 years is a long time, but I'm sure it can not reach $ 100,000.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: Ewox on June 03, 2017, 02:01:28 AM

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries.

rudystyle

sr. member

Activity: 434

Merit: 250

Transactions are fees are quite high for low value transactions and confirmation times are unacceptable currently

Ewox

sr. member

Activity: 812

Merit: 253

Quote from: Dudeperfect on June 03, 2017, 12:54:21 AM

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: johnwest on June 02, 2017, 11:29:33 AM

Quote from: Daniel91 on June 02, 2017, 11:03:08 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

And that's why people are not spending even a bit of BTC on real life things. BTC is an investment now and people are more interested in holding them rather than using them.
--

This is true, for some people right now, including me.
I used to utilize bitcoin as a currency. Buy things off the net, pay for subscriptions, pay for bills, utilities, buy phone credits even. But no more.
I am loathe to part with my coins and use it like regular money for everyday life. I feel it's a waste. It's like, buying something and paying 10$ when it's only worth 50 cents.
Now all I do is try to earn more of it and save, sell off some on occasion, but mostly it's held.

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

- Confirmation time is not so long if you are willing to pay higher fees. There is no chargebacks so merchants will love to accept bitcoin.
- There are many bitcoin ATMs in world's major cities and Japan accept bitcoin as just another currency.
- Even people from third world countries can use bitcoin to purchase anything from amazon using purse.io
- Many more countries are making laws to regulate bitcoin so that they can start to accept bitcoin as currency.

jovs

sr. member

Activity: 672

Merit: 250

Quote from: farharhadi on June 01, 2017, 11:39:05 PM

After knowing bitcoin I can buy valuable items, bitcoin is very useful if you know how to use it and many other things about bitcoin.

Been using my bitcoin to buy things and pays it through online payments. It is ver handy and convenient to use. it can be used like a normal currency money. I've been wanting and planning to invest it i some tradings but still studying the processes of it. And doing some hoarding of course. I always took the chance to convert bitcoin to my currency when it has a high value and hoards it.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: lemipawa on June 03, 2017, 12:11:35 AM

I bought some physical coins a few months ago that I thought is a great investment and I have a few of them now but no plans of selling them yet. I also use Bitcoin to pay for my utilities like cable, phone, mobile phone bills. Now I am challenging my self on buying a car on which monthly payments will come from my earnings in this forum.

You have really that strong urge of yours.Nice one.Me i'm still in the process of earning.But you know what,i have heard also from my brother who' also a bitcoiner he's planning to buy a lot with clean title.So i realized that bitcoin is really a big help for us in making our dreams into reality.

hajimasan

hero member

Activity: 882

Merit: 500

Quote from: coynedterm on June 03, 2017, 12:56:57 AM

Quote from: jeffytune on June 01, 2017, 06:18:35 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.

You have information as the newbie have , but I am sure that once you will get better knowledge and advantage of the Bitcoin .
Here i can tell that how I am using it for my regular life .
As I am from the India , so I believe at the zebpay wallet after the blockchain.info and using it for the payment purpose to the friends , mobile recharge , dth TV recharge , gift card for shopping at the rate 5% , Buy sell the Bitcoin anytime and getting money in the bank account very fast and then again I can use bank money anything for which I want .
And also once I made payment with the Bitcoin at a shop ( in another state of my country .

Yeah totally true , Beside of the practicall life to use the Bitcoin directly is also has importance because the use of the Bitcoin is now available at the local shop in the Japan , so instead to think about the practical use , you should 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 so you can understand howuch the Bitcoin is powerful and safe according to the technology future with our money .
If you can go in the Japan then you can see that Bitcoin is uses for the every payment purpose of you want to pay , even the airlines in Japan are started to accept Bitcoin payment .
So instead of looking the bad thing , you should see the good thing also , here many people are making earnings with the Bitcoin in his full time job with the Bitcoin and trading with altcoins .

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: jeffytune on June 01, 2017, 06:18:35 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.

You have information as the newbie have , but I am sure that once you will get better knowledge and advantage of the Bitcoin .
Here i can tell that how I am using it for my regular life .
As I am from the India , so I believe at the zebpay wallet after the blockchain.info and using it for the payment purpose to the friends , mobile recharge , dth TV recharge , gift card for shopping at the rate 5% , Buy sell the Bitcoin anytime and getting money in the bank account very fast and then again I can use bank money anything for which I want .
And also once I made payment with the Bitcoin at a shop ( in another state of my country .

Dudeperfect

hero member

Activity: 1190

Merit: 534

Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.

zedsacs

sr. member

Activity: 322

Merit: 250

It's not that the confirmation took to long, I mean once you send bitcoin to a certain address, it's really hard to revert that or you can't even undo that and with that, the owner will have assurance that their bitcoin will be send to their address.

Topic: Real life usage of bitcoin - page 46. (Read 8971 times)