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Author Topic: What exactly can you buy with Bitcoin?  (Read 5210 times)
megynacuna
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January 19, 2017, 11:57:59 AM
 #121

I think you can buy anything "buyable" with bitcoins without any restrictions if you go through third party companies like shopawl. They deal with big wholesale and retail shops like aliexpress and banggoods and so all you need to do is to procure your items through them and they will pay with fiat currency and then convert its equivalence into bitcoins for you to wire them. Some fees apply though but it's an alternative if the shop you intend shopping doesn't accept BTC.
mikehersh2
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January 20, 2017, 12:16:21 AM
 #122

This is a damn good question, and I've seen similar threads pop up from time to time asking the same thing. 

The only thing I've ever bought (aside from other cryptocurrency) is a bunch of silver coins from Provident Metals.  I have never seen a local merchant accepting bitcoin, and honestly I don't see any reason to spend it.  Why buy something with bitcoin when I can do it so much easier with fiat--and there's buyer protection, usually. 

I did get a discount at Provident, which was nice.  Other than that I find fiat much better for spending.  Still love bitcoin as an investment, though.

 One of the few things I will spend my Bitcoin on (though I usually replace them shortly thereafter) is for recharging my phone service.  There is a service called Bitrefill that allows you to top up your phone quickly with Bitcoins.  You could probably load up anyone's phone as long as you know their phone number and it is fast.  I have no affiliation with Bitrefill at all, I just love the service.  This way I don't have to leave a credit card on file with the phone company which gives me one less thing to worry about.


Well compared to the cosy of one BTC and what its really worth, charging a phone is a small thing. I mean can't you do it with fiat?

 I can get BTC any time with PayPal but in order to charge my phone with fiat, it entails leaving the house and finding a place that sells top-up vouchers for my provider.  There are none on my way to work so Bitcoin is much, much easier and faster plus I can do it 24/7 so I'm not constrained by retail store hours.  That's important for a shift worker and I'm saving the planet by not using more gas to drive to the store Wink


You say you can get BTC any time with Paypal. However do you know how I can convert my BTC to paypal?

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BitHodler
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January 20, 2017, 12:19:54 AM
 #123

Not enogh things you can buy and thats why it is not used mor. But it will soon.

That's true but if you are engage with bitcoin business you can buy a lot of it. Just like if you are into information technology business, you can use bitcoin for buying some rigs like for mining or gaming. As there are a lot of merchants who are ready to accept bitcoin now. But in local places, the usage is still limited.
there is no doubt that we can buy a lot of things using bitcoin online as most of the online stores accept bitcoin, but  when we speak speak about use of bitcoin in or local shops then in most of the area the shopkeepers do not accept bitcoin for shopping, may be in some area like in Brazil and Russian and in China bitcoin will be accepted in local markets but still in most of the area bitcoin is not accepted as currency for shopping.


Yes in Brazil there are a lot of stores that are accepting bitcoin, I wonder on how many are the total stores now that are accepting bitcoin. I wish that I'm living in that countries where I can use my bitcoins freely. But I'm not able very limited resource and merchants. Also there are merchants that are allowing a customer from offshore and able to do shipping for any product that you will buy from them.
It's cool and all that the acceptance in Brazil is quite on the higher side compared with other countries, but what I want to know is how frequent Bitcoin is being used to pay for things.

I can't find anything pointing towards any numbers or statistics telling me whether or not people actually use that payment option.

Mainly because of the fact that Bitcoin is seen far more as an investment tool rather than a currency tool. Also, how often do these webshops get checked to see whether or not they still accept Bitcoin?

BSV is not the real Bcash. Bcash is the real Bcash.
frendsento
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January 20, 2017, 01:42:41 AM
 #124

As bitcoin community grow and more and more users are being knowledgeable about bitcoin you can almost buy everything here in the Philippines there is  a financial services platform called coins.ph we can pay our utility bills , buy load , book a hotel  , buy game credits , buy website domain  and many more as many more users adapt bitcoin I believe  that many door will be open and many goods will accept bitcoin as a payment system.
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January 20, 2017, 01:46:15 AM
 #125

I use bitcoin to pay for my rent and online stuff. Also when some of my friends pay for me (for a dinner etc) I repay them in bitcoins.

As bitcoin community grow and more and more users are being knowledgeable about bitcoin you can almost by everything here in the Philippines there is  a financial services platform called coins.ph

Coins.ph saved my ass recently. I traveled to Bohol for a week and ran out of pesos so I cashed out some of my coins. It works great. I wrote an article about it yesterday.

░★░★░★░   freedomnode.com - BTCitcoin, Cryptography & Decentralization   ░★░★░★░
wahb
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January 20, 2017, 05:49:32 AM
 #126

Not enogh things you can buy and thats why it is not used mor. But it will soon.

That's true but if you are engage with bitcoin business you can buy a lot of it. Just like if you are into information technology business, you can use bitcoin for buying some rigs like for mining or gaming. As there are a lot of merchants who are ready to accept bitcoin now. But in local places, the usage is still limited.
there is no doubt that we can buy a lot of things using bitcoin online as most of the online stores accept bitcoin, but  when we speak speak about use of bitcoin in or local shops then in most of the area the shopkeepers do not accept bitcoin for shopping, may be in some area like in Brazil and Russian and in China bitcoin will be accepted in local markets but still in most of the area bitcoin is not accepted as currency for shopping.


Yes in Brazil there are a lot of stores that are accepting bitcoin, I wonder on how many are the total stores now that are accepting bitcoin. I wish that I'm living in that countries where I can use my bitcoins freely. But I'm not able very limited resource and merchants. Also there are merchants that are allowing a customer from offshore and able to do shipping for any product that you will buy from them.
It's cool and all that the acceptance in Brazil is quite on the higher side compared with other countries, but what I want to know is how frequent Bitcoin is being used to pay for things.

I can't find anything pointing towards any numbers or statistics telling me whether or not people actually use that payment option.

Mainly because of the fact that Bitcoin is seen far more as an investment tool rather than a currency tool. Also, how often do these webshops get checked to see whether or not they still accept Bitcoin?
actually bitcoin is giving you multiple option, you can use bitcoin as an investment, you can also use it for saving, because bitcoin is the best option to store your assets, and the 3rd is that bitcoin used as currency in most of places.
emezh10
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January 20, 2017, 01:28:28 PM
 #127

Right it is one one the greatest, fastest, secured and highly valued cryptocurrencies ever, but aside from making a profit by depositing it, can it be used to buy stuff you need? What kind of places accept BTC as payment? Does it mean if you've got bitcoins in your wallet you can survive without fiat in your pocket?
Actually yes. Because you can cashout your bitcoin and make it as a fiat money. And with bitcoin you can buy everything you want. Fiat money and bitcoin are same, but bitcoin is untouchable and the Fiat money is touchable. So for over you can buy everything with bitcoin. And one more thing many online stoers now are accepting bitcoin as payment if you don't want to cashout your money. But for the bes us to cash out it and spend it as a fiat money.
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