Topic: What can Bitcoin afford to buy - page 2. (Read 543 times)

The problem is that you are offering to go somewhere to buy something with bitcoin. From a buyer's point of view, I can say that I want to buy everything in the place where I am. And this is still a problem. Bitcoin is not yet sufficiently adapted.

You can literally buy anything and everything through Bitcoins. Yes for that you need to know the right place and right way. You can easily buy thousand marketplaces’s giftcards by paying through Bitcoins. And use those to buy the products that you need. Many service are also there that directly accepts your crypto and delivers the product at your home. Yes there are some extra commissions that these sites charge and that’s acceptable. Moreover in countries where Bitcoins are legal, many big MNCs accept Bitcoins, and using this you can avail any of their service.

If you have more bitcoins means you have more money, when you have more money, you will have more time to take care of yourself, and your health will be much better. When you have a lot of money, you will have more time to take care of your family, and when you have a lot of money, I believe you will look at life in a different way, from which your character will also change. Bitcoin can be bought all, so find a way to own as many bitcoins as you can, the sooner the better, you will have more than you think.

Anything, if the store doesn't accept Bitcoin payment or the country ban Bitcoin usage as a currency.

Bitcoin is a currency similar like fiat, so if you can't buy a thing using fiat, you can't buy using Bitcoin too. I think we can buy any physical thing using Bitcoin as long as the store accept it. But we can't buy is: time, health, age, character etc.

There are Real Estates ICO before that investors can use their Bitcoin to buy or invest in different real estates, some projects were in Singapore before. Im not sure if these projects pursue it since it’s during ICO days that many Real estates company tries to get involved in crypto. Many things now can be bought by bitcoin as merchants accepts crypto in most countries that are open in idea of having cryptocurrency. In my country there is an app that is used by stores that can accept bitcoin and will easily convert it to our currency for the seller.

I don't exactly know what's the most expensive thing you can buy with bitcoin but there has been some quite big real estate deals in which payment system was bitcoin so if we consider them they come under this category.But there is no fixed thing which we can categorised as expensive in btc as when you buy something with it the value will be still calculated in USD so whenever some will spend say more btc on something it will be expensive deal in btc.

Plus if OP would go to the Dark Markets there are many valuable "products" over there, for "some people", that are "hard to find". Without Bitcoin, ground-breaking concepts such as online markets that can sell ANYTHING without needing approval from anyone, or permission from government institutions, would be impossible. It's a Libertarian's dream.

The question is tricky because what can be bought without converting Bitcoin strongly depends on a country and on options we consider okay. If it's El Salvador, Bitcoin can probably buy $23k worth of anything because Bitcoin is legal tender there. If it's a country where Bitcoin is fairly popular, you can try to agree on purchasing pretty much anything with Bitcoin (as MusaMohamed pointed out regarding an agreement between a buyer and a seller). Then there are other options like crypto credit cards, and those can be used like any other credit cards (here's an example of what I'm talking about), but I'm guessing it's because the coins are automatically converted into the right fiat upon usage.

That's it, as long as both wants to accept and pay with bitcoin and that's all the procedure that needs to be done. The agreement is simple and easy and there's no need for much complicated process.

When a country bans bitcoin, people there can still do transactions with bitcoin. We don't know how many of those folks that are living into those countries that are against the usage of bitcoin yet they still receive and send it to anybody that they're transacting with.

As long as we reach an agreement between the seller and the buyer, then we can pay in bitcoin and buy whatever we want. But in case your country bans bitcoin, or it is illegal to use bitcoin as a means of payment, then it is better to convert bitcoin to fiat currency which will be safer. Do not try to risk a deal with the seller because if he accidentally can denounce you, you will be in trouble.
I also have never paid with bitcoin because I want to keep my privacy as well as ensure my safety. I believe it is only a matter of time before governments accept bitcoin, we just have to wait patiently for a while.

You can buy almost anything with bitcoin, however it is very different in different countries and continents. First of all, where there are bitcoin ATMs, there is a way to exchange BTC for cash and that opens up a lot of possibilities if you "only" have BTC.

I remember a bitcoin maximalist explaining on Reddit that he was harassing all his local merchants to accept BTC as payment. I think that the more developed and rich the country is, the harder it must be to do (I mean, convert his business entourage to bitcoin). Personally, where I live in Eastern Europe, I can pay a lot of things in Bitcoin, but not everything: I can't pay water or gas bills in BTC. The same goes for train tickets, gasoline etc.. However, I can pay for my internet, phone, food and cigarettes directly in Bitcoin. This implies using LN though (especially with the current fees related to those damn NFTs...)

I once read an article where someone said that he paid literally EVERYTHING in bitcoin. He said that whenever he wanted to buy something online, he reloaded his virtual card in BTC and paid with it. He said that this is a way to increase the volume of BTC exchanged but I don't know if this is really positive for the ecosystem, I imagine that the third party that managed the virtual card had to directly exchange BTC for FIAT when he did this. I don't know to what extent this guy was "useful" or not for Bitcoin by doing this

You can buy whatever items you want if a shop near your house accepts payments in bitcoins. But if you don't find them, you still can't use bitcoins to buy those things. For now, it's probably best to sell your bitcoins to fiat money so you can spend it to buy the things you want. It's about whether or not there are shops that accept bitcoins as payment and it's not yet implemented in all countries. And until that time comes, we must be patient in using it as an alternative payment and it is better to keep bitcoin instead of using it as a means of payment to replace fiat money.

Do you think every individual is own Bitcoin? do you think every individual is an average citizen, not a police or someone who can report you? when the country doesn't accept Bitcoin to be used as a currency, they're mostly have a laws about it and you can go to jail for such mistake.

Answer me: it's really worth to accept Bitcoin as a currency in your country, but the punishment is a year in jail? I would rather to choose to convert my Bitcoin to fiat, then pay for my groceries rather than risking my life with this stupid mistake.

Bitcoin is money, so you can buy anything you want, you have a lot of bitcoins, you have a lot of money when you have a lot of money, you can even buy happiness. Nowadays, bitcoin is not accepted by governments, but most people know its value, so you can buy anything with bitcoin as long as you can deal with the seller.

Even it's not approved as a legal tender, it can buy almost everything as long as the seller agrees to receive payment in bitcoin.

It doesn't have to be complicated at all for someone to see what we can buy with it. It can buy almost everything as long as both party agrees to pay and buy bitcoin.

That's all.

^ This depends on which country you are in.
But in most countries, BTC is friendly or become legal tender and it is becoming increasingly popular as a payment method for various goods and services. While its adoption is still limited in some parts of the world, there are a growing number of merchants and businesses that accept BTC as payment. There are too many establishments that accept BTC now as a payment, in online shopping, and only merchant stores or even gaming companies such as Zynga and Big Fish Games accept BTC for in-game purchases, which you can use to gamble also. There are too many things that you can do with BTC using it the same as cash.

You don't need to feel confused about that, after all bitcoin is not a legal currency in all countries - don't you realize that?

Bitcoin is not only limited to buying something in the form of goods or anything in objects, but basically bitcoin has more uses such as paying salaries and some kind of online service for influencers or whatever. But regulation will only limit its adoption so you can't use it in different countries.

I am a little bit confused about why they are confused about what Bitcoin can buy. Well, this may relate to how can Bitcoin be used as payment for buying something in certain merchants. Because they know that not all merchants or shops accept Bitcoin as payment. That is why they may feel confused about it. Additionally, many newbies are also confused about how to afford to buy Bitcoin because the price is very high and they don't have enough money to buy. the fact that they still don't know that they can buy Bitcoin not only 1BTC but also several zero points.

If at the previous ATH 1 bitcoin could almost get the holder to buy the new Civic Type R, today 1 bitcoin is only enough to buy a family class car. For other things, you can buy more stuff with bitcoin according to your means. But I don't think you will spend your bitcoin as long as the price is low enough at the moment. Hold and spend when the bitcoin price is higher in the future, you can buy more stuff later.

It is a good option to spend your fiat savings to invest in bitcoin now instead of spending your bitcoin to buy something. But one can use bitcoin as a means of payment instead of just an investment.

It's great that you're excited to see people using Bitcoin to buy and sell directly. But we need both Bitcoin and fiat money to run. People have been using fiat money for ages, everyone is more than used to it. So you cannot remove fiat money in one fell swoop.

Moreover, volatility remains the same, to avoid this problem you should always use a stable currency that is backed by fiat currency. Mass adoption of Bitcoin is possible only if a balance between fiat money and Bitcoin can be maintained.

The removal of fiat currency is not the main issue but the vast adoption of Bitcoin is an important issue, and we should focus on it, good thing is many countries have now added Bitcoin as a payment option.