Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
There are lots of things that you’re going to be able to do with your bitcoins and most of them are usually peer to peer that you would be able to do those, you will hardly find a platform where they are accepting Bitcoin online, because it’s hard to use bitcoin for these big companies, it’s not like when they are making use of options such debit and credit cards, where payments can be verified the second you make them, but as for Bitcoin they are going to have wait to verify or confirm the transactions, which most times they have to do it manually, so it wouldn’t make much sense for them making use of it since it’s going to be a waste of time which wouldn’t be good for big business with lots of customers, the methods that can be verified instantly. But you can use bitcoin when it comes to peer to peer, I do that most times. 
Topic: What's Next? After Bitcoin Passes The 60K Mark...... - page 4. (Read 1309 times)
Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
There are many stores in the world that accept Bitcoin, France, Italy, Spain and there are many stores that you can buy with Bitcoin, although Bitcoin is now quite famous as a speculative action, it has a lot of weight for investors worldwide, such as Elon Musk, Paypal, Microestrategy, among others.
In countries with rampant inflation it is much better than gold, some gold investors have passed everything to BItcoin, the son of the controversial Peter Schiff has already done so, there are some statements from the president of the FED that it is likely that gold can be substituted for Bitcoin due to its high speculative power, but not as a safe haven due to its high volatility and lack of support.
When observing all these eventualities and taking into account that we are still in a pandemic and even so, Bitcoin has had new ATHs, it is only a matter of time before they begin to implement the payment of goods and services through Bitcoin on a world level, adoption is a fact.
Having places to spend it is only half the issue with it being a mainstream currency. The other half is people willing to spend it as a currency and not treat it like a store of value, which is all the posts are concerned with anymore. Bitcoin is never going to be a currency if it's treated like a store of value.
These businesses' adoption would make the difference in our daily life and there isn't any signal this kind of adoption is going to happen.
No, there are plenty of signals are there on which we can assume that bitcoin is slowly getting into mainstream adoption so that we can lead a life just with bitcoin payments.Once I start seeing food stores where I go shopping accepting bitcoin I will believe in such signals.
I think it's fair to say, that Bitcoin was mostly for speculation until recently. Now it's finally being viewed more like a currency. Not only you can buy Tesla, but I know that it is possible to purchase some video games with BTC, as Microsoft included it as a possible payment choice. In addition, some restaurants and hotels are accepting BTC. As far as I know, you can purchase food at Burger King and KFC with Bitcoin in some countries. Also, people can make donations to Wikipedia with crypto. And I'm sure there are many other examples that I haven't mentioned here. So in today's world Bitcoin is becoming so much more than just an asset.
There will be more and more big adoptions in other cryptos that will allow all of what we want to use crypto, for example, there have been many institutions taking this by making it easier for the use of crypto to influence not just assets.If all happens in the near future then I think this asset will be the most important, especially in terms of food we can buy more easily practically and this will be a more advanced reference where the development of bitcoin will be increasingly popular in its future.
These businesses' adoption would make the difference in our daily life and there isn't any signal this kind of adoption is going to happen.
No, there are plenty of signals are there on which we can assume that bitcoin is slowly getting into mainstream adoption so that we can lead a life just with bitcoin payments.Once I start seeing food stores where I go shopping accepting bitcoin I will believe in such signals.
I'm sure there are many other examples that I haven't mentioned here. So in today's world Bitcoin is becoming so much more than just an asset.
So, it means all these are happening as bitcoin tested $60k? But, in my view bitcoin still got all the potential to continue its journey toward some mammoth amount in coming months; I mean $60k is no way a stop in any means. Only very few merchants just started accepting bitcoin and I believe this will become as a trend among all kind of merchants and then we can expect at least 40% of big market giants will be accepting bitcoins for sure in near future.These businesses' adoption would make the difference in our daily life and there isn't any signal this kind of adoption is going to happen.
No, there are plenty of signals are there on which we can assume that bitcoin is slowly getting into mainstream adoption so that we can lead a life just with bitcoin payments. Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
How did you say that bitcoin is for speculation only? Didn't you see that bitcoin can be use as payment method. In our country, we can use it to pay online our goods and bills, hassle free. Also the value of bitcoin always depends on the number of demand in the market and not because of the speculation.
I think it's fair to say, that Bitcoin was mostly for speculation until recently. Now it's finally being viewed more like a currency. Not only you can buy Tesla, but I know that it is possible to purchase some video games with BTC, as Microsoft included it as a possible payment choice. In addition, some restaurants and hotels are accepting BTC. As far as I know, you can purchase food at Burger King and KFC with Bitcoin in some countries. Also, people can make donations to Wikipedia with crypto. And I'm sure there are many other examples that I haven't mentioned here. So in today's world Bitcoin is becoming so much more than just an asset.
Even you can't tell that Bitcoin is slowly making changes and acceptance into different countries that's good news let's day one of those projects are the acceptance of the stores with the use of bitcoin payment, you can now withdraw to the nearest ATM supported the bitcoin, and now you can buy a Tesla by just using your bitcoin. Imagine for the next year's there's a plenty project with the bitcoin.
That type of improvements are great, we are finally seeing the bitcoin price not being the main topic of discussion and that is a very important thing. We really needed bitcoin to be at a stage where we are doing fine even if the price is not going up. These days we are getting great news, paypal now have withdrawal, tesla is taking bitcoin, basically all around great things are happening for us.I know that it is not that much of a deal right now, but it is definitely something that could grow and become bigger. This is why I think it is quite obvious we should not be focusing on just one thing but focusing on many things. So far people only focused on the price and if it goes up that is great and if it is not going up that is bad, I believe that is not the case and that is why I am not going to be that much interested in just one thing and ignore all other parts.
These businesses' adoption would make the difference in our daily life and there isn't any signal this kind of adoption is going to happen. On the other hand, at least we can already use a third party debit card service to convert btc to fiat nowadays.
Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
If your question is in terms of pricing. The next point I see bitcoin reach is $72k which I think is something we can easily get if we break the 60k mark. But yes if your question was in terms of utility. I think things are just getting worse with every dollar pump in Bitcoin. It's because we are inflating the price of bitcoin to such a level where the payment of it's fees and it's usage would certainly become very difficult. Now that Tesla has bought bitcoins, do you think their idea is to make some payments to their vendors in the future using bitcoin? Not at all. What they seek is a pure-play investment into the fastest-growing asset. So I think we are just creating a huge investment option for us. Even you can't tell that Bitcoin is slowly making changes and acceptance into different countries that's good news let's day one of those projects are the acceptance of the stores with the use of bitcoin payment, you can now withdraw to the nearest ATM supported the bitcoin, and now you can buy a Tesla by just using your bitcoin. Imagine for the next year's there's a plenty project with the bitcoin.
That type of improvements are great, we are finally seeing the bitcoin price not being the main topic of discussion and that is a very important thing. We really needed bitcoin to be at a stage where we are doing fine even if the price is not going up. These days we are getting great news, paypal now have withdrawal, tesla is taking bitcoin, basically all around great things are happening for us.I know that it is not that much of a deal right now, but it is definitely something that could grow and become bigger. This is why I think it is quite obvious we should not be focusing on just one thing but focusing on many things. So far people only focused on the price and if it goes up that is great and if it is not going up that is bad, I believe that is not the case and that is why I am not going to be that much interested in just one thing and ignore all other parts.
Even you can't tell that Bitcoin is slowly making changes and acceptance into different countries that's good news let's day one of those projects are the acceptance of the stores with the use of bitcoin payment, you can now withdraw to the nearest ATM supported the bitcoin, and now you can buy a Tesla by just using your bitcoin. Imagine for the next year's there's a plenty project with the bitcoin.
I will start by saying which Country are you from because this will determine if you have a chance to trade directly with your coin or the people accepting it in your Country. Since late last year November there have been many threads on this forum about companies, private investors who are now into Bitcoin and those that now accept bitcoin as a means of payment
Bitcoin is an asset not just for speculation.
You can use bitcoin to purchase goods and services although in some countries.
We can use bitcoin to buy so many things example cars, electronics, burgers, and much more.
In all the statements above. Bitcoin is the future and it has come to stay for good.
Unfortunately people do not see that part of crypto that much, we are talking about something that would benefit the whole world and elevate all the wealth gap between the rich and the poor but unfortunately they do not see it. The reality of the current world we live is the fact that there is unlimited amount of money printed constantly, it never ends and it keeps getting printed which means that we are going to end up with something that will keep fiat money constantly going up and up and up in numbers.You can use bitcoin to purchase goods and services although in some countries.
We can use bitcoin to buy so many things example cars, electronics, burgers, and much more.
In all the statements above. Bitcoin is the future and it has come to stay for good.
And at the end of the day if we start using bitcoin that means that we are going to end up with something limited and that's why rich people won't be getting richer, it is limited and they would have to pay more and more and more for it and that's why wealth gap will never be getting bigger if we all started to use bitcoin. However many people do not realize this.
Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
I can't answer all of your questions, but many merchants accept Bitcoin payments...the latest news that was very shocking was when Tesla officially said it accepted payment with Bitcoin. In the future we will see more merchants that accept Bitcoin payments, just prepare yourself.
This is just marketing and it does not pay off (bitcoin for tesla ?
:D) bitcoin > all . Bitcoin is just a clever marketing gaming for Elon. A trick. But it doesn't change the fact that people need it. 
There are already lots of merchants and products that can be bought by Bitcoin into those countries that adopt Bitcoin as one of their mode of payment which make it a point for Bitcoin to become more useful aside from investment and trading purposes. After Bitcoin surpasses $60,000 price mark and drops down again a few dollars, people do expect to see Bitcoin to push through another price mark exceeding its current recorded ATH for many are expecting that it can still soar high to the extent that it will become more pricey or expensive that will benefit holder, investors and traders as well. It is not questionable for what will be the next thing about Bitcoin for we are all just waiting and seizing the moment we have right now and just waiting for what will the future can offer with regards to Bitcoin adoption and usage.
adopt is playing an important role in the current rise in the price of bitcoin and any correction at this time would be considered normal. Many people are still very confident that bitcoin is able to record a higher ATH record than before because its support look quite strong. We still have a lot of good moment right now and using them is a way to reap some profit. I also considered putting a few cent in altcoin a while ago. I think I have something good there.
Many cryptocurrency users today expect a repeat of the situation that happened in 2017, but this definitely will not happen. I believe that these people will be very disappointed because they will have to invest in Bitcoin at current prices, and they will not wait for prices below $ 45K. Right now there is an accumulation and, accordingly, the price will go up.
There are already lots of merchants and products that can be bought by Bitcoin into those countries that adopt Bitcoin as one of their mode of payment which make it a point for Bitcoin to become more useful aside from investment and trading purposes. After Bitcoin surpasses $60,000 price mark and drops down again a few dollars, people do expect to see Bitcoin to push through another price mark exceeding its current recorded ATH for many are expecting that it can still soar high to the extent that it will become more pricey or expensive that will benefit holder, investors and traders as well. It is not questionable for what will be the next thing about Bitcoin for we are all just waiting and seizing the moment we have right now and just waiting for what will the future can offer with regards to Bitcoin adoption and usage.
Bitcoin is slowly being adapted globally, atleast it's in progress. There arent that many companies, institutions, corporations, or even small businesses that accept bitcoin. The truth is we're still dependent on Fiat money, because it is much more accessible. This doesnt mean that bitcoin is just for speculation though, it has proven many uses, it has value and can be purchased for certain goods and services (establishments that accept bitcoin as payment) for now it's advisable to HODL until bitcoin becomes the norm in tramsactions and payments.
Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
Bitcoin is an asset not just for speculation. You can use bitcoin to purchase goods and services although in some countries.
We can use bitcoin to buy so many things example cars, electronics, burgers, and much more.
In all the statements above. Bitcoin is the future and it has come to stay for good.
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