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Author Topic: du you spend coins on real life.  (Read 132065 times)
Wesimon
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July 28, 2016, 07:13:11 AM
 #1441

In my country, There is no high street shop accepting bitcoin as a payment method. But we have some online shops. I have bought things with bitcoin there.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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July 28, 2016, 07:30:29 AM
 #1442

Hello
Currently I am collecting Bitcoin and dont have any plans to spend it. I may do so when Bitcoin gets more popular in my country.Otherwise I may just sell the coins for Fiat local currency.

R


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July 28, 2016, 08:19:36 AM
 #1443

When those digital stores which doesn't have physical products and have only the products mentioned in the digital form gets exist worldwide real-time use of bitcoin directly gets increased. Now too china has got more such stores compared to other countries.
and china also a bitcoin player as well much better knowing that they open this digital industry for a better use of bitcoin, as many country now a days already adopting bitcoin transaction, like me i pay bills online and do some travel using also bitcoin for reservation and payments.
China is a country where there is a high volume of bitcoin transactions. They even have bitcoin ATMs and were the first to implement that, I believe.
I don't spend my bitcoins in real life just yet since I'm holding on to most of my coins but I do spend them online from time to time.

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StarofBTC
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July 28, 2016, 08:46:21 AM
 #1444

Yes many people here are not spending their bitcoins now itself. They are expecting more value for their bitcoins to spend later. This must be the one of the reason why we are not getting more shop to accept our bitcoins payments.

That's true that many people who have bitcoin today are holding it. Because we have all the same goal that we are going to get profit as the price of bitcoin is going to increase, the more you hold, the more you are going to earn. But we can't force the people to spend it, it just happens if there's an emergency that is happening.
That's a bad idea. What's the point of having a currency if you won't use it at all. You are just using BitCoin as a volatile savings account. It takes a big risk for a big reward, sounds like.

No this is not right. bitcoin holders have not that attention that they don't use their bitcoin at all. they have plans to use their bitcoins . but they are just want to use their bitcoins when the price of bitcoin increase and they see good profit to sell bitcoins.
that is the main feature of bitcoin. everyone buying bitcoin for future use because they know if they save their money in bitcoin they'll get profit for sure.
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July 28, 2016, 08:54:52 AM
 #1445

there are few cafes shops in the uk thats accepts coin and i somehow spend some  have you your experience ? and how did you feel? when i was  sending coin  peoplein the cafe was looking at me and asked me about it truly i feelt like im .... hurraaaaaaaa

I guess buying and selling CS GO skins with bitcoins does not count as real life spending of bitcoins. I also bought some games via bitcons.
My supermarket is not yet accepting any bitcoins.
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July 28, 2016, 10:26:04 AM
 #1446

When those digital stores which doesn't have physical products and have only the products mentioned in the digital form gets exist worldwide real-time use of bitcoin directly gets increased. Now too china has got more such stores compared to other countries.
and china also a bitcoin player as well much better knowing that they open this digital industry for a better use of bitcoin, as many country now a days already adopting bitcoin transaction, like me i pay bills online and do some travel using also bitcoin for reservation and payments.
China is a country where there is a high volume of bitcoin transactions. They even have bitcoin ATMs and were the first to implement that, I believe.
I don't spend my bitcoins in real life just yet since I'm holding on to most of my coins but I do spend them online from time to time.
Yeah China are the the most bitcoin enthusiasts in the world alongside united states, but the development of merchant who adopted bitcoin are slower than in US or in other European countries  , people in Asia still afraid to adopt something new.

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Chennai
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July 28, 2016, 07:53:10 PM
 #1447

In my country, There is no shop who accepts bitcoin as a payment so I haven't done it. But hey maybe in the future some shop in my country will accept bitcoins as a payment. The problem is the confirmation time
Even here as all. We do not have permission to use BTC anywhere in our country. But of course it can be exchanged to my local currency and used for any purchase or expense. But love to use BTC everywhere. I am sure this would take a bit time for implementing BTC as a common currency. Wish to have this very soon.
Universat
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July 28, 2016, 08:30:39 PM
 #1448

i have very rare chance of using bitcoin in local market. there is only one shop about whom i know and that is about 500 kilometer away from my house. so i have to travel for hours to reach to that shops. who accept bitcoin there. but i will go therefore once only on experiences bases and will do trade there.
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July 28, 2016, 08:47:39 PM
 #1449

Yes many people here are not spending their bitcoins now itself. They are expecting more value for their bitcoins to spend later. This must be the one of the reason why we are not getting more shop to accept our bitcoins payments.

That's true that many people who have bitcoin today are holding it. Because we have all the same goal that we are going to get profit as the price of bitcoin is going to increase, the more you hold, the more you are going to earn. But we can't force the people to spend it, it just happens if there's an emergency that is happening.

No, we all do not have the same goal to get the profit from bitcoin from its price increase, there are a lot of people who adopt bitcoin for their business, and some people adopt it for their online shopping with which they get any thing with a good discount etc.
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July 29, 2016, 08:19:13 AM
 #1450

Yes many people here are not spending their bitcoins now itself. They are expecting more value for their bitcoins to spend later. This must be the one of the reason why we are not getting more shop to accept our bitcoins payments.

That's true that many people who have bitcoin today are holding it. Because we have all the same goal that we are going to get profit as the price of bitcoin is going to increase, the more you hold, the more you are going to earn. But we can't force the people to spend it, it just happens if there's an emergency that is happening.

No, we all do not have the same goal to get the profit from bitcoin from its price increase, there are a lot of people who adopt bitcoin for their business, and some people adopt it for their online shopping with which they get any thing with a good discount etc.
Right. Its where the btc is accepted. But where bitcoin is not entertained, really the price is counted. When it is exchanged to the local currency, the price turns to be much important. The more the price is the more local currency you can get. I am waiting for my first turn here in this forum to earn my btc this week. I would probably save it for some more time to exchange and use it for my expense. As i am a newbie, the earning would very less. Thats the reason would like to save and use it.
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July 29, 2016, 09:58:51 AM
 #1451

Yes many people here are not spending their bitcoins now itself. They are expecting more value for their bitcoins to spend later. This must be the one of the reason why we are not getting more shop to accept our bitcoins payments.

That's true that many people who have bitcoin today are holding it. Because we have all the same goal that we are going to get profit as the price of bitcoin is going to increase, the more you hold, the more you are going to earn. But we can't force the people to spend it, it just happens if there's an emergency that is happening.

No, we all do not have the same goal to get the profit from bitcoin from its price increase, there are a lot of people who adopt bitcoin for their business, and some people adopt it for their online shopping with which they get any thing with a good discount etc.
every individual is different and has different goals as bitcoin can be generated, and used to buy things over untraceable online transactions, there are virtually no physical or online stores that accept bitcoins. However, people are actively using the currency to trade and gain from its volatility.
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July 29, 2016, 10:08:29 AM
 #1452

every individual is different and has different goals as bitcoin can be generated, and used to buy things over untraceable online transactions, there are virtually no physical or online stores that accept bitcoins. However, people are actively using the currency to trade and gain from its volatility.

Yes, indeed every individual has a goal each in using bitcoin. But most still use bitcoin as an investment rather than to shop. Because it is new only partially physical stores that accept bitcoin, others are still limited to the online store. And I think trading is a form of investment Smiley
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July 30, 2016, 11:32:19 AM
 #1453

no i do not spend coin in real life but i hope we will soon spend it in real life in the future.
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July 30, 2016, 01:35:35 PM
 #1454

In my country, There is no shop who accepts bitcoin as a payment so I haven't done it. But hey maybe in the future some shop in my country will accept bitcoins as a payment. The problem is the confirmation time

Why not build your own shop to the pioneer of bitcoin business in your country,  nah im just kidding. I guess it would take longer time as you thank but i know there is an online shopping site in that is available in your country that accepts one
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July 30, 2016, 04:25:31 PM
 #1455

Yes, I have spend my bitcoins in real life and it’s really wonderful feeling. Although I haven’t used it on offline merchant but I have recharged my mobile phone with it. I am sure soon we will see ‘bitcoin accepted here’ boards hanging around the most of the shops. Right now I have to convert my bitcoins in fiat (and it directly appears in my digital wallet) and I can pay it with my e wallet. I’m waiting for big players in e-commerce (like in India amazon, flipkart, snapdeal) to accept bitcoin so that I can start ordering items from my checklist.
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July 30, 2016, 07:00:27 PM
 #1456

In my country, There is no shop who accepts bitcoin as a payment so I haven't done it. But hey maybe in the future some shop in my country will accept bitcoins as a payment. The problem is the confirmation time

Why not build your own shop to the pioneer of bitcoin business in your country,  nah im just kidding. I guess it would take longer time as you thank but i know there is an online shopping site in that is available in your country that accepts one
That's actually not a bad idea as I myself have thought of accepting bitcoin as payment myself, with them shouldering the TX fees. I have thought of opening a business but I didn't know what kind of business to open up and I never really had the capital to do so.
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July 30, 2016, 09:10:31 PM
 #1457

PURSE.IO will set you up with a BTC Biz!

They even provide escrow service!  https://blog.purse.io/start-bitcoin-business/
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July 30, 2016, 10:52:06 PM
 #1458

Yes, I have spend my bitcoins in real life and it’s really wonderful feeling. Although I haven’t used it on offline merchant but I have recharged my mobile phone with it. I am sure soon we will see ‘bitcoin accepted here’ boards hanging around the most of the shops. Right now I have to convert my bitcoins in fiat (and it directly appears in my digital wallet) and I can pay it with my e wallet. I’m waiting for big players in e-commerce (like in India amazon, flipkart, snapdeal) to accept bitcoin so that I can start ordering items from my checklist.

Not really soon. It takes time until a big number of shops will accept BTC. I don't have ANY shop or local store to pay with BTC here, which is bad Sad I hipe BTC is going to skyrocket soon, both the price and the user base.
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July 31, 2016, 12:47:42 AM
 #1459

In my country, There is no shop who accepts bitcoin as a payment so I haven't done it. But hey maybe in the future some shop in my country will accept bitcoins as a payment. The problem is the confirmation time

Why not build your own shop to the pioneer of bitcoin business in your country,  nah im just kidding. I guess it would take longer time as you thank but i know there is an online shopping site in that is available in your country that accepts one
Building the shops can it's not easily like your saying, i don't sure if you can built your own shop you will only accept bitcoin for your payment, i think your bussines will bankrupt because of that, do you don't see the potential of bitcoin users in your environment become any important reason to accepting bitcoin become your payment?

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July 31, 2016, 12:56:30 AM
 #1460

No, because there are few options. We have to be patient to see it happen.
Maybe in a few years, because the network is still evolving.
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