How is Bitcoin useful as a currency if so few services accept it?

[ethereumhunter]

I've done research on bitcoin and I know what it is and how it works, kinda. I've even built a small block chain app.

What I don't understand, and I haven't been able to find the answer to, is if I own some bitcoin, how does that help me buy groceries at the market, or gas for my car? The market I go to doesn't accept bitcoin and neither do the gas stations. If I can't do that, how is bitcoin worth anything to me?

You should exchange your bitcoin before you go to other places or local market so you can buy something you want. You can use bitcoin easily in the country which has many stores that accepting bitcoin as the payment but if you cannot found the store, you'd better exchange it into fiat. Maybe you can save bitcoin from now on, and if someday, many local stores accept bitcoin in your country, you can use bitcoin to buy or pay something.

[fiulpro]

Precisely at a time where the banks are shut down and the workers are not able to come to work , the online banking is having a hard time dealing with the huge demands , you cannot go out with a risk if infection .
Bitcoins on the other hand is independent , one can transfer it over seas in matter of seconds and dependable.
There are other options too but at the same time there is no option as good as the Bitcoins.
Services are not accepting it because they all are very conservative when it comes to money , they will need a lot of time to get accustomed to the fact that the world is changing and it does need something that is not controlled by anyone.

[Pronzegirl]

Although Bitcoin is a virtual currency, meaning it does not exist, it is a digital currency that is traded and invested online, but in its first appearance it did not exceed a few years, and now it is one of the most important electronic currencies that exceed the value of five thousand dollars, and this does not cause concern to the contrary, this is It is very good for those who are looking for additional income for them through trading and investment in any case can resort to a broker so that you can transfer your money from Bitcoin to real money on the ground by dealing with one of the sites that provide you with that where there are many options and solutions At the moment to switch the currency Mer to the local currency so that you can receive your money and use it in a way easy and affordable.

[pixie85]

Although Bitcoin is a virtual currency, meaning it does not exist,

Bullshit.

Saying that Bitcoin does nor exist is just like saying that your rights to software of rights to a domain do not exist.

What if I take all yor emails and your files in google cloud and it won't be theft because they do not exist? How about that?

[Sadlife]

Bitcoin is still young and it's still lacking services and businesses who accepts it, so we wont see some significant changes in our daily lives if we use Bitcoin. On other hand Bitcoin is slowly finding it's way as an investment opportunity and a source of income. With the stock markets continues fluctuations we might see massive adoption soon.

[rodskee]

I've done research on bitcoin and I know what it is and how it works, kinda. I've even built a small block chain app.

What I don't understand, and I haven't been able to find the answer to, is if I own some bitcoin, how does that help me buy groceries at the market, or gas for my car? The market I go to doesn't accept bitcoin and neither do the gas stations. If I can't do that, how is bitcoin worth anything to me?

You can do that by Converting to Fiat of what country you are staying,just like your  own currency there is no chance that you can use than when you are visiting another country right?but that doesn't mean your fiat is worthless?
We are still in progress of adopting and that is what Hinder us from using our crypto directly to the service or product we need to pay but trust me sooner it will happen just don't rush mate,you have already said that you Know bitcoin so understand more because sooner or later you will thank this currency for giving you a chance to have financial freedom .

[Cryptwerk]

so few services??)))

look our project - cryptwerk.com

we have 4000+ merchants accepting Bitcoin and other popular cryptocurrencies

and mass adoption map as well)

https://cryptwerk.com/coinmap/

[crustycrab666]

The issue of legality and adoption is indeed not maximized so that the use of cryptocurrency as a means of payment is still limited. After all, payments using fiat are still effective, right? and it's easy to find an exchanger service if you visit another country. One time, if the adoption of more widespread, especially cryptocurrency and blockchain began to be glimpsed by travel companies, and began to try it as an alternative payment, this is a positive signal.

[Yamifoud]

Bitcoin starts at $1 and then after so many years, we reach $20k. This is also how we build a reputation in the market and it for sure it takes many years also that big companies will reconsider and look at Bitcoin as another form of currency. There is no magic around and that is we supposedly have to think.
Be patient buddy, once the majority of the people know and use crypto instead of fiat, it probably many establishments will accept by then. We are going in that way.

[Questat]

This is a continuing adoption, before when we are still out of the radar by the government, it's already use as a currency for online transaction but now it's been use everywhere especially in gambling transactions, of course Bitcoin will not be like the fiat that we are using, but it's a good alternative.

[Assface16678]

This is a continuing adoption, before when we are still out of the radar by the government, it's already use as a currency for online transaction but now it's been use everywhere especially in gambling transactions, of course Bitcoin will not be like the fiat that we are using, but it's a good alternative.

Today online transaction is one of the best options because there is still an outbreak spreading right now in the world and one of the rules they release is having a lockdown to their places and the result is the people makes a panic buying and not getting at their houses because they are prone to be infected also it is good too if we are trying to adopt the use of the cryptocurrency or online transaction because it is more efficient, safe and secure than going outside and risk our health to the virus spreading.

[charlesmichel1]

Calling Bitcoin a currency isn't absolutely correct. Bitcoin is an asset which can be view not only as a currency, but also as commodity and security. Bitcoin isn't good as a medium of exchange yet, it need more time for becoming useful currency.

[Sanugarid]

This is a continuing adoption, before when we are still out of the radar by the government, it's already use as a currency for online transaction but now it's been use everywhere especially in gambling transactions, of course Bitcoin will not be like the fiat that we are using, but it's a good alternative.

Bitcoin is useful for a fact that we can use it efficiently anywhere in online. Bitcoin is the main currency in all online gambling casino since it is the most known and very basic coin on which almost everyone are able to access. There are just issue with the government to bitcoin since it is decentralized and the government is a highly regulated organization so any thing that gets out of their hand may cause destruction to their group, but every one already admitted it that bitcoin is a good alternative for fiat.

[hatshepsut93]

Also, how are people supposedly myfedloan getting rich with bitcoin? I thought it was a currency, where we can buy things. Then I find that it's also a commodity where we can trade it.

Bitcoin isn't a commodity, commodities have some sort of utility, and Bitcoin's only utility is that you can send it over the Internet without middlemen - meaning it's a decentralized currency. Currencies are traded on the markets too, so there's nothing wrong here.

No one is guaranteed to get rich with Bitcoin, people make money with trading, but it's a zero sum game - meaning that some people have to lose money. Bitcoin wasn't great to make people rich quick, it's merely a side effect of a free market.

[In the silence]

That is true but if you can see, Bitcoin is just starting the awareness of the ecommerce and other store. Give it time and you will see why its called the currency of the future.


Its value from cents to tens of thousand is the proof that many are using it in their daily lives.

[TheGreatPython]

It’s not a must that it will be accepted everywhere. PayPal is a very popular system of payment, but there are still places where it’s not being accepted and majority accept card payment. So, you shouldn’t be worried about that. You’re the one who’s going to places where it’s not being accepted and still complaining. Why not check out places where it’s accepted instead?

If you’re looking for a way to buy something online and pay with Bitcoin you should check out purse.io, and BitPay is another means as you can get gift cards easily with BTC.

[Lorence.xD]

Even bitcoin is so powerful and very helpful, there are still some countries that don't accept it, I don't really know the reason why they don't like it in their land, but I guess it is only because of their trust issues about it, there are some people who don't believe about it, they are think that bitcoin and other cryptocurrency is lie, they are not open about it, they are not open of adaptation, but in fact having cryptocurrency in the country is really a good one, this can be a great alternative for fiat currency especially when crisis happens, where most of the people are afraid of going outside because of the virus, then they can use the cryptocurrency to buy some stuffs online.

[verita1]

For my daily needs, I have seen the utility of BTCitcoin in the following way.
I do remote jobs and receive payments in Bitcoin and cryptos.
After receiving my payment, only a small amount is used for my grocery shopping and bill payment. I exchange this small amount on PeertoPeer platforms (Cryptoway and others) for my local currency and receive a bank transfer.
I have recently discovered another platform where I can recharge my phone and internet service (Bitrefill). I am going to try it. And with that, I am already waiting for the massive adoption.