Why should we use Bitcoin in daily purchases?

AliMan

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Quote from: buhchain on February 02, 2018, 02:38:20 AM

First of all, the use of bitcoin in daily life has not yet been fully realized. Only a few regions now accept bitcoin consumption, and people who believe regions using bitcoin have perceived the pros and cons of bitcoin.

Bitcoin can revolutionize the financial system of the mankind. For now, bitcoins are not ready to use for daily transactions because, not all of us in the whole world know about how bitcoin can be spend in exchange for goods or things that you want to buy. In addition , blockchain technology must improve its security to make sure that every transactions that you will made is safe and private. I believe in what bitcoin can do, it can be the future of money and will be adapted by all people to change the traditional financial system.

buhchain

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First of all, the use of bitcoin in daily life has not yet been fully realized. Only a few regions now accept bitcoin consumption, and people who believe regions using bitcoin have perceived the pros and cons of bitcoin.

Chikitita2004

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Not in everyday basic use but it can be used in online purchases, online payment. Like i heard some states in the US, Kentucky and McDonalds are accepting bitcoin in online purchases. Of their product. Meaning, you order onlin and you pay them in bitcoin, so there is really not much hassle in that. No falling in lines, no waiting and no bills change needed.

doch

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Quote from: Sum24 on January 30, 2018, 02:46:02 PM

Quote from: whitemacna on January 30, 2018, 07:34:32 AM

Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.This is the key question, because if we won’t use it, Bitcoin transactions are INSTANT, it's just confirmations that take time which shouldn't affect anything in a stable network environment.In order to transfer bitcoins into Fiat, you need to spend the same transaction as in the purchase of goods.

That’s true but now bitcoin transaction has become more fast because now almost every markets has the bitcoin service so you are right it is good to use for all kind of shopping it is even more easy and more reliable that we can buy all kind of things online and will not have to go out of home in this cold weather. Bitcoin conformation is not even take time it takes an hour or two so it is good to use to buy all kind of goods.

And in future we can expect that bitcoin price will continue increasing, because people now find it more easy to use bitcoin as compare to fiat currency, they can use it more faster that fiat currency and you even do not need to carry your money from one place to another or to even visit a market you can buy anything using bitcoin from your home.

Sum24

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Quote from: whitemacna on January 30, 2018, 07:34:32 AM

Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.This is the key question, because if we won’t use it, Bitcoin transactions are INSTANT, it's just confirmations that take time which shouldn't affect anything in a stable network environment.In order to transfer bitcoins into Fiat, you need to spend the same transaction as in the purchase of goods.

That’s true but now bitcoin transaction has become more fast because now almost every markets has the bitcoin service so you are right it is good to use for all kind of shopping it is even more easy and more reliable that we can buy all kind of things online and will not have to go out of home in this cold weather. Bitcoin conformation is not even take time it takes an hour or two so it is good to use to buy all kind of goods.

whitemacna

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Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.This is the key question, because if we won’t use it, Bitcoin transactions are INSTANT, it's just confirmations that take time which shouldn't affect anything in a stable network environment.In order to transfer bitcoins into Fiat, you need to spend the same transaction as in the purchase of goods.

DewiKirana

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I think the use of bitcoin in daily purchases is very useful and practical. I have proved by making my own purchase using bitcoin, very quickly, just by scanning the barcode, the transaction is complete.

redhondaxrm125

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Quote from: Supergain03 on September 08, 2017, 05:20:53 AM

I think there are two huge problems concerning the Bitcoin’s future use in daily life.

1) Slow transactions

It’s a turtle compared to most of the other coins, why should we choose Bitcoin? We actually need real time payments (as we already have them in real life)

2) No reimbursements

Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.
If I make mistakes in sending bitcoin (and people make mistakes all the time) I won’t never get reimbursed in any way…it’s not the same with FIAT.
If someone clones my credit card I have some chances to get my money back…what about bitcoin?!

At the moment, it’s impossible that Bitcoin or other cryptos are going to replace FIAT money in every day’s use.

Moreover, some more modern currencies have a better technology.
If we really will use cryptocurrencies in daily life, why should Bitcoin be the best coin to use?

This is the key question, because if we won’t use it, Bitcoin will be worth 0 and not 100.000$ as someone says.

Don't want to rain on your parade pal but, i think you really should research just a little bit more about bitcoin and how it works because obviously, you still do not know it that well yet.
All the problems you have mentioned are not real problems of bitcoins. I would've explained it if other people haven't already did. But since they've already said the things i would've said, then I'll jist give you an advice.

Do not ever believe everything you see in the internet.because not all the things you see are real. Better to confirm things first yourself before speaking about it at any matter.

Catch-22

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Quote from: AleSergio on September 08, 2017, 09:05:02 AM

I think it is better to use bitcoin as an online payment system, because I see it much more comfortable, than to give my credit card details everywhere. But on a daily basis in shops or restaurants, i think it is still better to use debit cards

True. Although, sites have secured payment transactions. It still make's me feel uncomfortable giving my card details.

pugman

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Quote from: Supergain03 on September 08, 2017, 05:20:53 AM

I think there are two huge problems concerning the Bitcoin’s future use in daily life.

1) Slow transactions

It’s a turtle compared to most of the other coins, why should we choose Bitcoin? We actually need real time payments (as we already have them in real life)

2) No reimbursements

Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.
If I make mistakes in sending bitcoin (and people make mistakes all the time) I won’t never get reimbursed in any way…it’s not the same with FIAT.
If someone clones my credit card I have some chances to get my money back…what about bitcoin?!

At the moment, it’s impossible that Bitcoin or other cryptos are going to replace FIAT money in every day’s use.

Moreover, some more modern currencies have a better technology.
If we really will use cryptocurrencies in daily life, why should Bitcoin be the best coin to use?

This is the key question, because if we won’t use it, Bitcoin will be worth 0 and not 100.000$ as someone says.

You make half valid points, like when you say it's a turtle compared to other coins, well known this first of all, your transaction will get confirmed sooner only if you pay more transaction fees. Because at the end of the everyone wants profit, your low fee transaction will only be accelerated after the high fee ones are completed.
Bitcoin sadly is not used for hugeass purchases at the moment by most of the people. Can you explain me how can one clone your bitcoin, or do you mean a bitcoin debit card? Well I guess I haven't heard any one having issues with it except for that of the fees.

LuciferAB

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It is not so necessary that you use bitcoin for your daily purpose. Dailly useing bitcoin depend upon a person money conditions, its needs. We usr bitcoin in daily purchase because its transition are safe and quick too. Today's world is a case less world and Bitcoin help in this for survive. Most of people doesn't want to carry of bundle of Peper note and spend it in market, they want caseless methods

mx667

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Quote from: Yarsk on October 19, 2017, 09:53:10 PM

Sending bitcoin is not stressful, bitcoin transactions are instant but it is confirmation that may or can take some little time due to bad network some time but in most cases it is instant. Secondly it is very hard to make mistake during bitcoin transactions because almost all the step e.g wallet I d is copy and past or you scan it so it is hard to make mistake during bitcoin transactions, bitcoin has make transactions easier and striegth forward then any other mode of payment.

I think you're a bit wrong little friend. The Bitcoin transaction a few years ago was instant, but I guess now all Bitcoin transactions are not instant anymore. That's because Bitcoin prices are soaring and Bitcoin users are also jumping. And of course the fee also jumped, the higher the fee, the faster the transactions will be made.

For transaction issues, I do not think everyone wants to use Bitcoin as a transaction tool. At least not for now, as most middle people like me just use Bitcoin as a invesment tool. Some people do not even want to sell their Bitcoins at all. So if I want to pay bills and buy food, I think I should just use cash or dollars from my salary.

But for some rich people, they use Bitcoin because it is simple and easy to deal with.

SaikiranChotu

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Actually you don't know anything about bitcoin.Bitcoins transactions are very fast and easy. But confirmations take some time like about 10-15 mins.But the fact is that it has high transaction fees.

ethereumhunter

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i think if we an use bitcoin in daily purchases then it will be good but if not, we can only save or withdraw our bitcoin to exchange into fiat and then we can use that money. because right now we are still use money to purchases or paying something in our real life and until that time we can use bitcoin to purchases, we can use bitcoin for another purpose.

Mr.John19

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It depends on the person if we use bitcoin in daily purchases. If have a lot of bitcoin sure I will use it in my daily purchase because too many bitcoins in my wallet too risky in might be hack or anything bad happen to my wallet. It too easy to use the bitcoin in daily payment.

Yarsk

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Sending bitcoin is not stressful, bitcoin transactions are instant but it is confirmation that may or can take some little time due to bad network some time but in most cases it is instant. Secondly it is very hard to make mistake during bitcoin transactions because almost all the step e.g wallet I d is copy and past or you scan it so it is hard to make mistake during bitcoin transactions, bitcoin has make transactions easier and striegth forward then any other mode of payment.

dettihegedus

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in this modern time, evrything has to be quick and convinient and that the reason why we should use bitcoin in daily life, no more using paper money, fast transactions and high secure.

TimtheYoutuber

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I would disagree with most of everything you have said.

I have a bitcoin debit card, and so I use bitcoin for all of my daily transactions. It is very nice and is not hard to do at all, that is of course because I work online and so my payments that come in are crypto currency.

However as more time passes, it will be adopted and new technology will come out to make it easier for people who dont make a living online to get into easier contact with crypto currency for daily use.

krayzie32

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I undertand what you said, but I dont think that is a big problem. In 2009, Bitcoin was launched as a kind of payment money. But now, when its price is so high, people use it as a kind of asset. Bitcoin price is never Zero.

Sir Paijoe

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Quote from: Phyton76 on October 05, 2017, 10:54:51 AM

Quote from: Supergain03 on September 08, 2017, 05:20:53 AM

I think there are two huge problems concerning the Bitcoin’s future use in daily life.

1) Slow transactions

It’s a turtle compared to most of the other coins, why should we choose Bitcoin? We actually need real time payments (as we already have them in real life)

2) No reimbursements

Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.
If I make mistakes in sending bitcoin (and people make mistakes all the time) I won’t never get reimbursed in any way…it’s not the same with FIAT.
If someone clones my credit card I have some chances to get my money back…what about bitcoin?!

At the moment, it’s impossible that Bitcoin or other cryptos are going to replace FIAT money in every day’s use.

Moreover, some more modern currencies have a better technology.
If we really will use cryptocurrencies in daily life, why should Bitcoin be the best coin to use?

This is the key question, because if we won’t use it, Bitcoin will be worth 0 and not 100.000$ as someone says.

You should use bitcoin in your daily purchases because if you use bitcoin you can gain a money interest in every transaction that you did.It is like ypu have a percentage in the transactions that you did.

I think currently the use of bitcoin for daily transactions is difficult, this is because it takes a long time to get a confirmation, in addition I suggest to keep bitcoin because the trend of the end of the year is a price that always goes up and later we will regret because the price is more expensive.

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