Topic: Why should we use Bitcoin in daily purchases? - page 4. (Read 2342 times)

This is obvious. Bitcoin should be used for daily purchases because once we get cheaper payments with LN then transactions will be instant and restaurants and other places that accept credit cards can start accepting Bitcoin also.

Yes bro Bitcoin doesn't require to give our personal info to every merchant and now we must give our credit card. I did not think of that!

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

The bitcoin transaction is fast, like when you buy goods, payments will be faster. In bitcoin, when you’re sending, you can’t easily get mistake because you only need to copy paste your bitcoin address and you’re not going to encode it one by one so that you can’t get mistakes and change one letter or number. But if you really thinking about bitcoin transaction is slow, someday it can improve and develop new features that can make it more faster than it is now.

I think its not good to use bitcoin as your daily basis for now in the maybe it is good to use it but in the meantime for me i will just hold it and wait for the exact time that bitcoins can realy use at all daily basis

these two are not "problems" the first one does not even exist and the second one is a feature. a good and necessary feature. in fact one of the reasons why bitcoin is so good and used is because it has not "reimbursement" or charge back like what things like Paypal have and cause a lot of scams.

All of your questions have been answered and i have the same exact answer to them. As to the key question you're asking, there's no way bitcoin will have no worth at all in the future. Some also say that bitcoin is like gold which the will never void in value

Well, bitcoin is a lot better than fiat.  It is more convenient than fiat most specially when you are going to buy things.  Instead of using attention attracting fiat,  we can conveniently use bitcoin through our phones.
Exactly. If you are really being careful with your money you will never loss it.  Bitcoin wallet has a "copy" feature you just have to paste it. It is hard to make a mistake.

When you send money to a wrong bitcoin address, the amount will be returned to you, there is no way one can make a mistake of sending to a wrong address when you scan the QR code and send the money and the slow transactions is mainly attributed to the fact that maybe you are paying too low a fee for it  to confirm very early. Using Bitcoins is not stressful at all rather the exact opposite.

And besides, why do you even need bitcoin for buying goods if you can exchange it into cash and buy whatever you want. The only thing that matter here is as long as you can transfer your bitcoin to bank and make the full use of it that is okay. Bitcoin is for digital services only I think that is the best way to maximize he use of bitcoin.

one thing i dont have any problem in transaction bitcoin thats why i dont understand what you are saying, Bitcoin is in realtime transaction and fast although transaction fees are too high unlike before. When the lightning Network comes-in the transaction fees will be minimize and transaction will be more fast. second reimbursement when you send bitcoin in a wrong address, Firstly you should copy and paste the address or scan the QR code in your mobile phone to send or pay using bitcoin in any merchant, if you manually type the address there are 90% that you will type a wrong address and it will send to other bitcoin or crypto address thats why addresses have Capital Letters , small and numbers so that you will have a unique address it is not made to type manually we are not in the medieval era where all are hand written.   

I think you don't really get the purpose of how bitcoin works. And one should use Bitcoin in our daily purchases maybe in the future but as of now and especially you libe in the third world country, it'll be difficult to suffice your needs by using bitcoin in your daily needs. Not all restaurants or any grocery store accepts bitcoin yet.

First bank transactions were unbelievably slow and I'm not talking about the Medieval:) As well, the payment security and protection cannot be provided at the beginning. The cryptocurrencies still are developing and I believe that Bitcoin is the main only because everything is actually developed by enthusiasts - someday your concerns will become senseless.

you have obviously never used bitcoin in your life before.
or possibly you are trolling us.

bitcoin transactions are instant. the confirmation of these transactions are also fast enough. for all bitcoin's history it has always been 10 minutes on average and will continue to be.

i suggest reading the white paper.

it is designed this way to solve the biggest issue that the other payment systems pose. the issue of charge back scams, the issue of each business needing a lot of registration, a lot of verification and information just to let you make a payment with old systems.
with no charge back, the business can trust you, and you trust the business because of its history. like when purchasing a game from Valve (Steam).

no, people don't make mistakes that easily. you actually have to try so hard to make a mistake in bitcoin because bitcoin addresses are not easy to change. if you change a letter it will simply become invalid.

that is why i repeat that you have never used bitcoin in your life before!

then use credit cards if that is what you like. nobody is forcing you to use bitcoin!:D

because it has been the best so far.
other cryptocurrencies (aka altcoins) are good too, but they have flaws. many flaws in some cases that prevents them from even achieving something real. at least it has been like this so far but it does not mean it can not change in the future.

Actually the transaction speed is somehow in a better condition, I think the biggest problem of bitcoin for daily purposes is the transaction fee, if you're that rich its no problem but for small payments it is a total pain. If they would fix the transaction fee then it can easily be adopt and be used for daily purchase.

Of what you mentioned I did not find it right. Bitcoins are one of the fast payment processors so many people like it.

And it just slows down due to confirmations. But there is that answer and it is the Lighting Network that in November on the 2nd Segwit Activation is fine and we are all laughing at the high transaction fee and long confirmations.

In order to transfer bitcoins into Fiat, you need to spend the same transaction as in the purchase of goods. You can also fall for scams or incorrectly state expense lose their bitcoins. I think this is not an argument against trade directly using bitcoins.

It sounds as though you have 0 understanding of how Bitcoin works.
Bitcoin transactions are INSTANT, it's just confirmations that take time which shouldn't affect anything in a stable network environment. Plus this won't be an issue at all with the Lightning Network.
Regardless, all Bitcoin payments ARE real-time.

You can't make any mistakes in sending Bitcoin in everyday real-world transactions. You basically scan a QR code with your phone that the merchant gives you and then press Send.
If you make a mistake copying & pasting an address on the internet you're an idiot. If you choose to type the address instead of copy it you're an idiot and shouldn't be using cryptocurrencies.
It's literally impossible for a normal person to send money to a wrong address.

Here's the thing, someone can clone/steal your credit card and you can get your money back, but one can't steal your Bitcoins as long as you use a wallet password.

Bitcoin is the godfather of all cryptocurrencies and therefore it's at the forefront. It has by far the largest market cap and it's what everyone will use regardless of which 'better' coin comes along. That has been the case for years now yet nothing has replaced it.

We are already using it and it will continue growing, it's unstoppable.

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.