Bitcoin Forum

As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but   there is  problem  like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable  for about electro currency  or virtual currency. This is a plus point for those brokers for getting more profit.
Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?

Trading on the stock exchange is one thing but to use bitcoin to trade is quite another. Until are not created certain conditions we will not see any changes in the use of bitcoin. For trading speed is very important confirm the transaction. For users it is unacceptable to pay a high rate for smaller transactions.

I think it works fine. constant currency and some payments are made if the btc truth is present in the other party. it is not a system that does not work. This is a very solid evidence that we will also consider increasing interest.

If you are using SegWit addresses, you will have not much problem making transactions at low fees, but you still have problems if you're looking for something at visa level.

If you don't care about censorship resistant transactions, just use visa.

No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.

If two people (or institutions for that matter) agree on it, then definitely. Not very useful for microtransactions atm though.

Actually, bitcoin really works a real transaction online like buying load, paying bills like electric bills, sending money to your loved ones, receiving money from someone, or any other. Bitcoin transaction is fast if you have an internet connection. But of course you cannot use it if you don't have internet connection and you cannot use it to some of the stores that has no computerized system because you cannot really transact there.

Ugh I cannot understand it well because of the Grammar but i do get your thoughts. CryptoCurrency knowledge dissemination to all users willl be hard, If there are just schools to certify that someone is a BTC knowledgeable and BTC professional, It will be easier to create seminars about Cryptocurrency.

I have seen some big stores accept bitcoins as one of payment method.
They acceptance bitcoins as real payment for transaction made. So i think with progress of develop dev bitcoin can be more integrated for another stores in future.

Then why some stores and other businesses accept bitcoin as a payment for their services? the transactions are slow because of what was happened during the BCH drama and scenario it really drops the btc at some point and some miners jump to BCH that's why fees are getting higher and it is slower but things are going back to normal adding that there is an upgrade that is planning to make btc transaction cheaper and faster the Lightning Network that is in development.

Agree the aspect that bitcoin can be used for "real" transactions like other ones are fake to begin with lol. However yeah for transactions that are simple or the fee is a % point that negatively impacts profit then it wont happen. However most transactions above $100 should be do able but this isnt your everyday transaction but still able to function as a payment bitcoin is.

I use bitcoin to buy some stuff like steam games/funds, gift cards,skins it's not that bad when you're getting used to making transactions. Slow confirmation times rarely happen and waiting for a couple of minutes to get a confirmation is not a problem for me. When the fees are high and you can't afford it there's two options, you either wait longer before making a transaction (this is what I always do) or send the transaction with a lower fee and pray that it gets confirmed.

So indirectly you wanna know about currency aspect of Bitcoin.
As for now, Bitcoin average fees is approx. $8 which isn't suitable to integrate in every monetary aspect of life. Till last year, Bitcoin fees used to be $0.02-0.03 which made it a promising alternative to highly commissioned centralized modes. But as its adoption increased, fees rise substantially.
On the other hand, it is still a handy option when it comes to do foreign remittance. As compared to other sources like American Express, Paypal, etc. Bitcoin is still a cheaper alternative.
So on whole we could say Bitcoin can't be adopted as universal alternative to existing monetary system but still it has significant importance in Global Economy.

In this forum it is clear that all the good people who are high school educated and subordinate classes, there is no prohibition for bitcoin.
if you want to help those who do not have education better with your encouragement they will surely understand the problem of crypto money, although they are not educated will definitely be with your help.they will be able .
as we experience with many of our uneducated friends with less time we use them they end up with their unanimous determination of wanting them to finally understand the science of bitcoin.

I think,the transaction with bitcoin is possible sure.Do you know,amazon start to Accept bitcoin for their transaction.They come to know about the bitcoin,so only this is happened.If they accept bitcoin means,the pri increased so.They will get some dollar additionally with that.

Yes of course bitcoin is a digital currency and we know about the real money transaction which is common in through worldwide just like that bitcoin have the ability to be used like money so it also world as a transaction but I am not sure about real transaction because I haven’t experience yet that point in bitcoin.

Yes I agreeing with you, bitcoin can be used as a real transaction I think because this is simple that bitcoin is a digital currency so there must be the possibility for the transaction because currency can make transaction and this is the thing the most common in this world of business.

Amazon accepting bitcoin is just fake news, so many people have shared the real information that it's merely a rumour, amazon itself have stated that it's just fake news come from a blogspot.
so there's no point talking it, as for now amazon's goods can be bought with bitcoin through3rd parties so don't expect that much.

Yes. Bitcoin really work as a real transaction. As I believe that 'transaction' is where both are gaining benefits. When an individual take a risk and engage his|herself unto this, he or she is expecting for an increase to the money they invest, as well as those who are behind this 'BTC', they are looking forward for more people to be in this field for them to hold a huge and wide variety of people. So it is a real transaction where 'this' and 'that' gain benefits.

If you are a risker and has the will to trade, you must go and accompanied with the other legit user too. You must exchange with thoughs and determination of mind as long as you know that you are trading with the perfect user too.

Maybe it works real transaction like sending money,loading,bills if you have good  internet connection thats no problem about that.But theres people not using internet they want to have transaction to office or branches,they have more that they don,t know what bitcoin is they afraid to use in real transaction but and they dont know how much is currency per bitcoin to there countries thats why they dont buy bitcoin.

I think so, actually I am using my earning here in paying my dues and bitcoins is widely accepted in our country so no reason... It does really work as real transaction in our country.

Yes,bitcoin works as real transaction.In fact,it is nowadays mostly used by people working abroad especially philippinese to send their earnings from abroad to their families.But still,its sad to see that majority of people still don't know about bitcoin transactions and its very low transaction fee.So,they still approach and use other services like paypal,money exchanges,banks to send their money.Awareness should be created among people and bitcoin being decentralized currency having no authority to carry on such operations,we should create awareness about in social media.

if I can argue about it, then it is best if cryptocurrency and exchange have legal entities and cooperate with government, in order to get more security in doing activities in crypto.

This is why fiat currencies would really still remain strong and would still exist for more years because there are still people who do prefer to stick into the old ways rather than on engaging on new ones unless if theres a strict implementation or changes.Bitcoin transactions are real transactions butt do only happen virtually just like the same on transaction online banking but yet bitcoin isnt centralized and thats the beauty of it and why people do really like to use it for anonymity matters.

Bitcoin is on the stage where it is emerging. So few know and have the chance to earn it. Bitcoins.cryptocurrencies is also possible to be an actual currency that we can pay for simple transactions, But in my view it is far from happening that we might start with it. We are proficient in Bitcoins and Cryptocurrencies. We will increase the knowledge about it so that we can reach it with people who do not know and what it can help us.

Virtual currency is as good as real currency, if not better. Its just that people dont have ample knowledge about it due to which they hesitate to use crypto currency and trade with it. What should be clear among the masses is that digital platform for transactions is way more secure than physical mode. It is also more tracable and accountable which in turn creates a corruptionless or less corrupted atmosphere because everything goes on record. Along with that people dont have to worry about loosing money or theft because it is more secure that physical money. If some key precautions are maintained and take into consideration, sooner than later crypto currency will be a global phenomenon, which it already is by now to some extent.

When you send Bitcoin, A data structure, to be specific An Bitcoin transaction, is made Toward your wallet customer et cetera show of the system. Bitcoin hubs on the system will transfer and rebroadcast the transaction, What's more assuming that the transaction is valid, hubs will incorporate it in the block they would mining.

If you put aside the legalization of bitcoin in each country then it could be used as real virtual currency, it really depends if the government accept it and regulates it.
Some people are afraid of new technology such as online currency and still stick to conventional cash as a form to do their daily transaction.

We can use bitcoin easily to transact online and also to pay for my bills. Bitcoin is real and people should see the potential of holding bitcoin, it really works. Bitcoin is great and no matter what happen I will use this for my future transactions.

Yes but a different and more complicated type of transaction. The transactions are processed by the miners.

Only if the exchanges are approved and legalized by the government of their respective countries this will provide the confidence to the citizens of their country that every things is being regulated and its safe to do the transaction like normal money is being used.

As you can see we are now entering the world of cashless society. Your wuestions is simply answered by what we experienced now. So, is it possible? Ofcourse it will be possible not totally now but soon we can see all of that if bitcoin already exposed to all of the people.

Yes it does. Even though I am just a newbie I saw how my friends transact successfully in bitcoin. They earned money an support their needs.

There is a continuing problem with Bitcoin right now and it is the scaling process or the capacity of the network to handle the burgeoning transactions every day that is why there is the perennial clogging which make many people turned sour on Bitcoin. There had already been many attempts to solve the big problem and it is really technically possible but always the politic gets in the way. Until there is no strong unity within the Bitcoin community, this problem can go on and can make Bitcoin less attractive later. Solutions have to be implemented and accepted by all parties otherwise we are just killing the future of Bitcoin.

I don't think digital currencies (virtual currency) can be transacted as real currency or can be used to offline transactions like real currency. And I think even though the virtual currency is getting popular used by many people over time.. it still, the virtual currency is just a alternative currency that can only be transacted with online, it can't for real transactions.

actually the bitcoin increase is caused by very high demand and very limited availability and bitcoin becomes very difficult to obtain, from the very difficult demand in getting the mining pool into the trouble of getting bitcoin, it's the way it works and that makes bitcoin delivery very long.

Of a truth many people from different countries and work of life has not been able to used bitcoin for transactions. I have been trying to tell some of my  friends that live in developed countries to used bitcoin to send money to some of their relatives at home but they could not come to terms with this reality that this is possible. I think ignorant of what p2p mean is what is affecting bitcoin transactions and many people has not build confidence on using a system that has no third party to send value online.

As long there's a mutual understanding between the vendor and party there should be no issue in any transactions. Its decentralization makes it easier to trade with than conventional methods. It's better to trade with people who are well aware of the technical market as this type of trading benefits everyone.

The problem with bitcoin is that it is so slow that the you need to pay high fees to use it for online shopping, because there is a risk that the exchange rate will change between your purchase and the time the merchant gets his money. However I do see something like coinbase may offer a solution to that.

for now I am assuming that bitcoin can not work fully for real transactions with many reasons that support it from state socio-political state to technology owned by the store or place of sale .. any money is of course used as a means of transaction in buying or selling .. while bitcoin was created as a substitute for current paper money but the ease of the transaction and the acceptance of it among the public is still small. maybe some future time there will be a better change (I hope so) like a small shop that receives bitcoin or can make school payments with bitcoin

Bitcoin in general is fastly growing and gaining its value on daily. Having its another stretch to increase last month of this year. It is increasing, growing and gaining its popularity all over places. For some, they do mining, get paid thru BTC via signature campaign/tasks or even cloudmining thru online platforms. Once BTC aquire some holds/store, trade if you are into trading, buy and sell. Once aquired, some would still convert it to cash thru their e-wallet and utilize it for common commodities event as cash itself. Thus the relevance of BTC to the economics help and give chance to others to have another form of investment and income at the same timr. For some country it is wodely accepted and being used for the convenience of its people especially for its enthusiasts. Certainly, it is the start that soon other countries who wants to integrate cryptocurrency will use it as common as the normal currency.

Bitcoin is already used for transactions but not in other countries. I would probably say that we can consider it as a real currency because it was proven that it was used for transactions, investing and trading. We cannot deny the fact that some people doesn't know about bitcoins and that would be a disadvantage why it would be difficult to consider it as a real currency for now.

For me p2p transactions is some what people do everyday, like paying for commodities with cash and it should not hard explaining this method. I think one factor that affects the growth of bitcoin is that the opposition of government in a certain country. Most of them warn their people to the use of bitcoin and tells them that it is associated with criminality but in fact is very useful and its always on the user how he will use his bitcoin.

Bitcoin can be used for real transactions such as in some countries eg japan, america, south korea which has legalized bitcoin so it is commonly used for shopping. We can see ads on youtube that appear easy in transactions using bitcoin to buy coffee and takes place very quickly and easily only requires internet network. Bitcoin can work real only if the government has legalized it so it can be used in everyday needs and this is a new way of transacting.

eventhough were on a conputer age and internet connecting
People in which we are communicating and transacting over virtual
Currency,theres a lot of people or businessman that still believe in traditioanl
Way of transaction that is actual or physical mode of payments it will
Take time before the traders or business man of old age realize how this
System help them,

Maybe on the next generation when the old timer given to their
Sons or successor the business it wil be use

many counties accept and legalized bitcoin and that countries accept bitcoin as a payment metode and many online shop like amazon accept bitcoin as a payment.. ofcourse now bitcoin  is a real transaction, in the future will many more countries to use bitcoin..

Those countries already proven that bitcoin can be used in real payment transactions as they already offered paying bills using bitcoin just like how credit card and debit card works. Bitcoin is much easier if we are only familiar on how the system works. Maybe we can see more business establishments to offer this payment method when the value are already established and the fluctuation is not that high anymore.

Yes it's very possible. At this point it's obvious that physical cash is outdated and virtual money is the future. Question is, who will win the future of money battle? Will it be cryptocurrency or conventional virtual money?

I'm not really sure about this. It would be very hard for crypto to take over the current system. We're not even legalized yet, let alone spreading adoption, educating people, etc. For most people, the advantage that cryptocurrency has to offer like immutable, anonymity, etc might be not too relevant. While that's a vital thing for some people, the majority just don't care about those things. With additional problems that currently exist on Bitcoin, like confirmation time and huge fees, it even looks harder. Crypto, especially Bitcoin, will most likely survive, though. Not as a currency, but rather a store of value, the future digital gold. Now most people would be appealed to it, I'm sure.

Unfortunately Bitcoin can't be used for everyday purchases because not all stores accept Bitcoin payments.
Besides, high transaction fees and the time that a transaction can take to get confirmed will not encourage people to use Bitcoin to pay their spendings.
Each day the number of stores and merchants accepting cryptocurrency payment is rising because despite the negative points mentioned previously accepting bitcoin still profitable due to the continuous rise in value.

The revolution from traditional paper offices to digital offices wasn't hindered by notions of data stored in binary format not representing real information. There's no big advantage in shunning digital data formats over a paper trail. Most monetary transactions are conducted across electronic networks. Claiming that bitcoin doesn't represent real money isn't so different from saying a credit or debit card isn't real due to it containing magnetic data stored on a card format.

There are advocates calling for a cashless society proclaiming electronic transactions the future of business and world economies. If indeed electronic money is the future, can bitcoin participate in the discussion? The divide between what some deem "actual information" and digitized or electronic money is an interesting dualistic paradigm. There are physicists who claim the world we live in is a hologram or simulation.

I think that in a world where people want actual information they might revert to ahmish living conditions and shun electronic devices. That may represent the end game of real currency advocates.

We can really use bitcoin to transact online here in my place and also convert it into fiat money easily if you think this is not a real transaction then think again. Yes bitcoin is the future and people should believe on this for them to make also good money.

Bitcoin is not the best and at least not medium well coin which can be use as a medium of exchange. Firstly because of huge fees and secondly because of its feature which make bitcoin more like storage value than payment methind.But Ripple is very efficient  and low energy.

Bitcoin does work as a real transaction. Its just that the mode happen to be digital and blockchain based.
One downside to this fantastic blockchain technology is the transaction verification time. It takes a while for a certain transaction to get verified for it to be valid. If this downside is corrected or improved, btc transactions will be as normal as any other transactions and actually more secured than most of them.

The way one can recieve and send btc, the way it can ve used in trading and gambling, and any other place where actual money coul have been used, shows that it is as good as any other curency, if not better.

That's true. We can use bitcoin in a real transaction if it is done online because there are some online shops now that will accept bitcoin as payment of the products you what to purchase. You don't have to worry about where to spend it anymore since bitcoin is already famous all throughout the world.

Well my government here said bitcoin is can't be used for real transaction in our country but you still can use it for an asset or investment. I think bitcoin can work as real transaction but we still need time for that happen. There are many people still don't know about bitcoin out there.

There needs to be a supportive regulation about  the use of bitcoin as a means of payment in real transactions, by that regulation  make the public will feel secure in the use of bitcoin as a means of payment in real transactions. And much information is needed on the use of bitcoin as a mean of payment so that more and more people know about the use bitcoin.

Well in other countries, it is already legal to use bitcoin as currency or medium for buying the things that they want. It really worked and there is a video on how a person interact with the cashier buying pizza or burger for bitcoin. This will make the transaction so fast than paying a money and waiting for the change if you have.

Yes its kinda great and use as a payment method  for increasing availability of transactions with bitcoin people feel safe and use this as a real currency.In fact people are more getting and interested to it .Hoping that other countries also accept it in the future

I've never heard of people buying Bitcoins through a broker. What's the advantage of doing that Vs. opening an account at an exchange and buying some Bitcoins? WOuldn;t the broker hold the Bitcoins on your behalf? That sounds like they're basically trusting someone with your private key, when you don't actually need to. Ignorance will kill you in this space. People just need to learn how to use it or don't bother buying it. Figure it out first then buy it, not the other way around. ;D

Yes it really works it,in terms of paying bills like credit card bills that helps me to become convinient and easier to pay bills using the internet.And I am happy that bitcoin is known by worldwide now,hoping for that any establishments will also accept btc as a payment.

Yes.Actually, bitcoin really works as a real transaction because I have a friend who already gained and earned here in bitcoin and he use it to load some of his friends. Through that, he also have additional income aside from the bounty campaign he earns.

BTC really works for transactions)) this is what it was made for! the problem is only who is ready to pay in bitcoins. If you find a company or individual ready to deal in bitcoins - why not. I'm sure there is a range of goods and services avaliable that way

There are plenty of transactions that are made for crypto, and I think you definitely see how transactions work, it is much easier than using fiat.

In the short run, bitcoin can be viewed as a real transaction. In the long run, the same relationship cannot be be said. With the highly fluctuating prices of bitcoin, people don't want to hold bitcoins because of the risk it contain.

Yes it is possible that bitcoin work as real transaction. As you can see bitcoin dominate the crypto currency price. Which means it could be possible that it will be use in transaction. There are many transaction that bitcoin could do.

Yeah, it's definitely works that makes us easier and comfortable to use. As I used an apps having a bitcoin which I can easily access those business establishment like to pay our electric and water bill easily via on line transaction using my bitcoin as it directly convert automatically to our currency relying the current value of bitcoin. Hopefully, as time goes by it may be implemented for other stores as it so easy to use soon in the future.

Of course it really works as a real transaction using online based. Since we are living in the world who are new technologies are invented . We as a working people we need to go with the flow follow how our country become innovative. It is fast and easiest transaction.