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Author Topic: Daily use of bitcoin?  (Read 42050 times)
chris200x9
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February 02, 2017, 05:42:25 PM
 #241

it would be great when people would start using bitcoins for daily use
but as per now it is not possible at least in my country
bitcoins is not that popular very few people know about it
people now prefer fiats only for daily use  , it is accepted by everyone now
bitcoinis a good crypto currency now but only for online payment like paying for clouds, steam and for x box .
yah in future It is possible that people would use bitcoins ,  bitcoin has a great potential and in future it is possible that the mass would be using bitcoins for the mode of payment and government would also legalise it   

The govt no need to accept bitcoin, we have facilities like bitcoin debit card, we can use this card like our local debit card. The amount will detect in the form of bitcoin. But only in few countries, this facility are there. They are using bitcoins for daily use. But other country people are converting BTC to fiat and using. This is a bit slow process maybe in future all country people will get this chance let's see.

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February 02, 2017, 08:56:48 PM
 #242

it would be great when people would start using bitcoins for daily use
but as per now it is not possible at least in my country
bitcoins is not that popular very few people know about it
people now prefer fiats only for daily use  , it is accepted by everyone now
bitcoinis a good crypto currency now but only for online payment like paying for clouds, steam and for x box .
yah in future It is possible that people would use bitcoins ,  bitcoin has a great potential and in future it is possible that the mass would be using bitcoins for the mode of payment and government would also legalise it  

The govt no need to accept bitcoin, we have facilities like bitcoin debit card, we can use this card like our local debit card. The amount will detect in the form of bitcoin. But only in few countries, this facility are there. They are using bitcoins for daily use. But other country people are converting BTC to fiat and using. This is a bit slow process maybe in future all country people will get this chance let's see.

Using a bitcoin debt card is the same as converting bitcoin to fiat and so using fiat. And with such card you are still using the traditional banking sytem (here Visa or Mastercard) and it's no different than 'our local card' since those cards are the same controlled by the same Network.

It's quite to use bitcoin daily for our offline life, without using any third party, online activities accepting bitcoin are more easy to find, generaly speaking



Because bitcoin is not a main currency that other countries are use to see everyday and main stream media doesn't give a damn about bitcoin there are no advertisement about it, maybe in the U.S. and in the world of online media there are a slight reports about bitcoin but there are still a gap in people taking a huge grip about it,

You don't see the dollar promoted on TV or other media right ?

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February 03, 2017, 05:18:08 AM
 #243

I am using bitcoin every day and the result of my daily use of bitcoin is profits from my way of earning bitcoin using bitcoins. Im using my bitcoins mostly on trading and gambling to earn more bitcoins as the time goes. In withdrawing my bitcoins and converting it into local currency is mostly I do it every week to have cash to spend in my daily life.

Can you meet your daily basic needs with bitcoin? Market shopping, clothing needs etc.

No, I can't meet daily basic needs with bitcoin.In my country, no one shopping center accept bitcoin as a payment processor.Even, they don't know about bitcoin.Here only young generation knows only about bitcoin. Bitcoin meets me some necessary tools that I need much time, like VPS, VPS,Domain, Hosting etc.With the purposes of bitcoin, I can easily buy them.

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February 03, 2017, 05:38:14 AM
 #244

Why not? Where are you from? I used it for mobile prepaid transactions and the good thing is there is a rebate everytime I use it. So there is profit in waiting for bitcoin to rise and more profit from that rebate. It never gets old for many are now doing business with me seeing I have the cheapest price of prepaid load.
It is not that big of a profit but still when you are earning it in bulks then you get a larger income. I think the Chinese people have that saying. "Cheap price but many customers" So it is still a win.
I am also doing the same, but on a much smaller scale. My officemates are my regular clients when it comes to prepaid mobile reload. As you said, it is not that much, but as you accumulate the rebates, it amounts to something bigger. You are able to be of help to others while you get to earn a little extra at the same time. It is like hitting two birds with one stone. I am also targeting bills payment because it gives higher rebates, although not everyone pays their bills on a daily basis.
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February 05, 2017, 12:28:41 AM
 #245

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.

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February 05, 2017, 12:43:38 AM
 #246

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?
if you pay a little more than necessary to the transaction can be faster for confirmation, and I think because bitcoin transactions can not be canceled we did not have to wait because even though you've sent bitcoin and still 0 confirmation it is certain to be sent

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February 05, 2017, 01:05:13 AM
 #247

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.
for now it seems to use bitcoin, and bitcoin spending each day will be quite difficult because not too many stores that accept bitcoin. but for the games seemed to be many vendors that accept bitcoin

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February 05, 2017, 01:33:40 AM
 #248

Ugh.  I don't--and wouldn't--pay for coffee with bitcoin.  It just seems like a total waste.

My pay from my job comes to me in US dollars, not in bitcoin.  Any bitcoin I get, there's a 90% chance I spent fiat dollars to buy it.  So why would I go out of my way to buy bitcoin just so I could spend it, and then have to deal with ridiculous confirmation times on top of it?  I wouldn't.  I could see if my only source of income was a signature campaign, then yeah, I might be paying for coffee with bitcoin.  But that isn't the case.  There's nothing in my daily life that I pay for with bitcoin.  And no one has convinced me as to why anyone should spend their bitcoin.  I rarely see anyone making a good argument for that.
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February 05, 2017, 01:34:05 AM
 #249

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.
for now it seems to use bitcoin, and bitcoin spending each day will be quite difficult because not too many stores that accept bitcoin. but for the games seemed to be many vendors that accept bitcoin
If you mean game vendors, the only game vendor I know is Steam. Steam right now accepts just about anything. Just like in my country you can buy games and then later you will be charge in your phone bill depending on your network. That is what good about Steam they adapt when they think it is good for them. Usually popular sites or services just accept the popular payments and never adapt, but they don't know what it missing with them the chance to have more customers.

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February 05, 2017, 01:37:25 AM
 #250

I dont think BTC will ever be used for everyday use, its just too valuable, who would spend it if he thinks it will go +100% in 2-3 years ? I think another alt or 2-3 alts will be used for everyday tasks

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February 05, 2017, 04:44:23 AM
 #251

I dont think BTC will ever be used for everyday use, its just too valuable, who would spend it if he thinks it will go +100% in 2-3 years ? I think another alt or 2-3 alts will be used for everyday tasks
There are people who will spend regardless of the value of bitcoin, not all people are investors and I believe there are more volume of people who spends rather than those who invest. I doubt if more people will continue to hold once they see a good price, temptation is around the corner mate.

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February 05, 2017, 07:24:33 AM
 #252

For so many months for being here in this field of industry, bitcoin was such a good things to me. I used bitcoin as my alternative source since I left my job before, all my expenses like electric bill, water bill, prime commodities, and etc.All of these was being paid by bitcoin.

                                 
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emezh10
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February 05, 2017, 11:23:56 AM
 #253

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

no.
bitcoin is not yet used as a regular currency to buy day to day things like a cup of coffee! but two things can be done here. one of them is using an off-chain service that doesn't work on the blockchain and transfers bitcoin to others who use that service.
the other one is checking the transaction that receiver receives to make a risk assessment. for example if it has enough fees, does it spending any unconfirmed input, does it have flags such as RBF, and many other factors and trust the payment without confirmation because nobody is going to double spend a couple of bucks on these type of tx.
I just want to share an app in my country coin.ph . In here you can do more on bitcoin , you can use it to paybills,convert it to peso or even make it as load. You can even buy online if you convert it . So in this app you make the most out of bitcoin . It's a wallet to at a same time . I wish that more apps like this will be created so it may attract business companies and be known to people , and soon use bitcoin as a money.


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ilovefeetsmell
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February 05, 2017, 11:45:09 AM
 #254

I don't have any idea about that. In our life today, it is easy to improve.

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Botnake
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February 05, 2017, 12:40:23 PM
 #255

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

no.
bitcoin is not yet used as a regular currency to buy day to day things like a cup of coffee! but two things can be done here. one of them is using an off-chain service that doesn't work on the blockchain and transfers bitcoin to others who use that service.
the other one is checking the transaction that receiver receives to make a risk assessment. for example if it has enough fees, does it spending any unconfirmed input, does it have flags such as RBF, and many other factors and trust the payment without confirmation because nobody is going to double spend a couple of bucks on these type of tx.
I just want to share an app in my country coin.ph . In here you can do more on bitcoin , you can use it to paybills,convert it to peso or even make it as load. You can even buy online if you convert it . So in this app you make the most out of bitcoin . It's a wallet to at a same time . I wish that more apps like this will be created so it may attract business companies and be known to people , and soon use bitcoin as a money.
However, that is just a minor improvement, I am pretty sure you basic needs cannot be bought using our bitcoin directly. The time that we are waiting has not yet arrive, we have to see in the future that we can easily access what we need by the use of bitcoin. One example would be the grocery stores, if they can accept bitcoin as a mode of payment, I guess we can have convenience with using bitcoin on a daily basis.



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the.jack20
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February 05, 2017, 01:16:37 PM
 #256

We can comfortably use bitcoin in our everyday shopping. When we enter the appropriate fee values, our transactions will be confirmed quickly.
Using bitcoin for fast consumer products may not be practical. But we can fix this by changing our payment habits.

For example, a minimum of 10 minutes is required for payment approval. We can make payments before we buy the product. Payment systems can be changed for this to happen.
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February 05, 2017, 05:19:29 PM
 #257

No, why you should wait? I can imagine that they only wait,
until they see the bitcoins in the wallet and dont wait all confirmations.

Because it would make no sense to wait for something that is already there,
when they see the bitcoins than you cant return it anymore.

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February 05, 2017, 07:31:21 PM
 #258

I am using bitcoin every day and the result of my daily use of bitcoin is profits from my way of earning bitcoin using bitcoins. Im using my bitcoins mostly on trading and gambling to earn more bitcoins as the time goes. In withdrawing my bitcoins and converting it into local currency is mostly I do it every week to have cash to spend in my daily life.

Can you meet your daily basic needs with bitcoin? Market shopping, clothing needs etc.

No, I can't meet daily basic needs with bitcoin.In my country, no one shopping center accept bitcoin as a payment processor.Even, they don't know about bitcoin.Here only young generation knows only about bitcoin. Bitcoin meets me some necessary tools that I need much time, like VPS, VPS,Domain, Hosting etc.With the purposes of bitcoin, I can easily buy them.
yes most of the people are facing the same problem as most of the people do not have the facilities but still people are using the income that come from bitcoin by converting it in fiat first and then use it for completing their daily needs. i also have the same strategy i convert the income of bitcoin in to fiat first and then use it for my daily needs.

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February 05, 2017, 07:51:57 PM
 #259

I dont use my bitcoins at my real life, usually the bitcoins i do have i do invest into altcoins, bitcoin has several ways to be used and spent online, using it on daily basic nowadays isnt something we could do directly, make payments does have a big delay to confirmation, but in the future something can change.

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February 05, 2017, 09:00:22 PM
 #260

I dont use my bitcoins at my real life, usually the bitcoins i do have i do invest into altcoins, bitcoin has several ways to be used and spent online, using it on daily basic nowadays isnt something we could do directly, make payments does have a big delay to confirmation, but in the future something can change.
If you are into mining you can mine coins and convert it into your local currency and then you can use it for your daily needs,it is a real life possibility  Cheesy aside from jokes bitcoin being a new form of currency it will take time for the people to adapt to be used in your daily life.


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