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Author Topic: Daily use of bitcoin?  (Read 42050 times)
Amadues
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February 05, 2017, 09:03:59 PM
 #261

I use btc for some betting / internet games, or load a credit card for real world expense... like supermarket, pay a bill and so on
normally I don't exchange more than 0,05 each month (just for small expense with a secondary credit card)

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February 05, 2017, 09:07:39 PM
 #262

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.
in fact most of the people cannot use bitcoin in their daily life. because in most of the area bitcoin shops are not available and therefore most of the people first change their bitcoin into fiat and the use the income of bitcoin. although in some places the facilities of bitcoin shops are available.
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February 05, 2017, 09:23:07 PM
 #263

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.
in fact most of the people cannot use bitcoin in their daily life. because in most of the area bitcoin shops are not available and therefore most of the people first change their bitcoin into fiat and the use the income of bitcoin. although in some places the facilities of bitcoin shops are available.
A lot of this comes down to the global span of Bitcoin and its lack of containment in any single area. If this same sized community existed however it was much more localized, then you could expect to see more shops using it. Since a lot of the community is spread out around the globe, it becomes a lot more difficult to identify hotspots for Bitcoin and make it worth the time to use it.














 

 

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Shady
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February 05, 2017, 10:00:09 PM
 #264

Bitcoin debit card providers avoid this problem when their cards are swiped because of how the currency is converted... I don't doubt there's a problem without one, but once you start to learn what services can remove this problem your line visit would turn fast.

Try getting a better wallet if the time to obtain a purchase is too long. Usually physical stores take up to 5 minutes to transfer if at a reputable store with transaction volume.

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February 06, 2017, 12:35:17 AM
 #265

For daily bitcoin use, more businesses need to accept bitcoin. I do not think there's enough advertising for it.
For this, more products related to bitcoin need to be developed. People need to gain experience about bitcoin as both knowledge and habit.

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February 06, 2017, 06:36:22 AM
 #266

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.
in fact most of the people cannot use bitcoin in their daily life. because in most of the area bitcoin shops are not available and therefore most of the people first change their bitcoin into fiat and the use the income of bitcoin. although in some places the facilities of bitcoin shops are available.
but i think as soon as the number of bitcoin users is increasing bitcoin is becoming more and more popular, and more and more people are getting benefit from bitcoin. i think in such areas where the users of bitcoin are comparatively more there people have more opportunities to use bitcoin even in their local shops.
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February 06, 2017, 06:43:59 AM
 #267

For daily bitcoin use, more businesses need to accept bitcoin. I do not think there's enough advertising for it.
For this, more products related to bitcoin need to be developed. People need to gain experience about bitcoin as both knowledge and habit.
So far, we have less advertisement with bitcoin that is why few people were involve here versus to the total population using internet.
But, because of gambling site they use bitcoin as one of their medium of exchange/payment with that bitcoin has been popular in gambling, but so far not we do have online merchant that does accepts bitcoin, also restaurant, and some real estate industry.

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Michel de Montaigne
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February 06, 2017, 11:16:12 AM
 #268

Bitcoin debit card providers avoid this problem when their cards are swiped because of how the currency is converted... I don't doubt there's a problem without one, but once you start to learn what services can remove this problem your line visit would turn fast.

Try getting a better wallet if the time to obtain a purchase is too long. Usually physical stores take up to 5 minutes to transfer if at a reputable store with transaction volume.

In fact, it would have been nice if something like a bank card was removed for bitcoin. When paying I would like to be able to make payments just like shopping with a credit card.
There are no bitcoin support in the banks yet. But if the banks are doing something like this for bitcoin, I might consider using it.
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February 06, 2017, 11:43:23 AM
 #269

These days daily use of bitcoin is found much on gambling and for recharges online. Majority of the circulation right now happening in the daily basis is on gambling. Can further experience big usage of bitcoin by the years to come on daily basis as lots and lots of merchants have started to accept bitcoin into their businesses.

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February 06, 2017, 11:47:59 AM
 #270

These days daily use of bitcoin is found much on gambling and for recharges online. Majority of the circulation right now happening in the daily basis is on gambling. Can further experience big usage of bitcoin by the years to come on daily basis as lots and lots of merchants have started to accept bitcoin into their businesses.
Usually it's not gambling sites but rather on exchangers and trading sites. If you compare the input and output of bitcoin in gambling sites and exchangers there is a huge gap. But for sure time will come that we will be able to purchase things on different stores in the future.

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February 06, 2017, 11:50:00 AM
 #271

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.
in fact most of the people cannot use bitcoin in their daily life. because in most of the area bitcoin shops are not available and therefore most of the people first change their bitcoin into fiat and the use the income of bitcoin. although in some places the facilities of bitcoin shops are available.
Even in these places it is probably already possible to use Bitcoin to make payments, as there is the possibility of using Bitcoin debit cards. If you do some research, you will realize that there are many companies offering the service for those who want to have a card, but all of them have high fees, and that's one reason I'm not yet using it.

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February 06, 2017, 12:14:08 PM
 #272

Bitcoin use in my daily life were I spent it on gambling site, investment site and especially on trading site. It really helps a lot to me as a bitcoin users. This is really helpful as bitcoin gives me source of income, and enterntainment also.

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February 06, 2017, 12:24:19 PM
 #273

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.
I used to spend whatever bitcoin I would earn but now I have stopped myself from spending and now I have started saving bitcoin.
I believe bitcoin price will now increase rapidly and spending them would be foolish.
Although I am still open to investing in any good business opportunity.

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February 06, 2017, 12:25:23 PM
 #274

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.
in fact most of the people cannot use bitcoin in their daily life. because in most of the area bitcoin shops are not available and therefore most of the people first change their bitcoin into fiat and the use the income of bitcoin. although in some places the facilities of bitcoin shops are available.
Even in these places it is probably already possible to use Bitcoin to make payments, as there is the possibility of using Bitcoin debit cards. If you do some research, you will realize that there are many companies offering the service for those who want to have a card, but all of them have high fees, and that's one reason I'm not yet using it.
Yes, i heard this facility. In Singapore this card is available, we can withdraw direct cash through this debit card. But the transaction charges is very high. Instead of using this Debit card you can use another way to convert BTC to fiat, it will save some money. Taking money from a debit card is safe you no need to give any bank details to deposit your money, but the thing is extra charges is very high. Otherwise, it is good to convert BTC to local currency.
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February 06, 2017, 01:06:49 PM
 #275




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 ?


Maybe I have said advertising but the main goal of my post is reports or news on the bitcoin world in the inside or what is happening with bitcoin in my country there are no news regarding about the bitcoin right now, in certain aspect like different currencies and other commodities like oil or gold there are slight reports on what is the status of this kind of things but not in bitcoin.


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February 06, 2017, 01:29:24 PM
 #276

I think for small payments in the daily life, Bitcoin is not very viable. For the coffee at the bar of my preference (I dislike S***ucks and other "uniform coffee service providers") I would be happy using a off chain payment system or even a prepaid card of a centralized payment provider. But to use it for a bit larger payments like the weekly grocery buy I would be happy to use it in the future - if the price was a bit more stable. Volatility is still, aside from scalability, one of Bitcoin's major problems. Maybe a SBD/BitUSD-like system could be implemented with Bitcoin, too.

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February 06, 2017, 01:34:31 PM
 #277

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?

That seems to be the problem of all Bitcoin enthusiasts; I personally think there's the need to increase the block size because it's very annoying to wait long hours for a simple confirmation and so something needs to be done else using Bitcoin in our daily life will be challenging.

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February 06, 2017, 01:37:33 PM
 #278

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.
I used to spend whatever bitcoin I would earn but now I have stopped myself from spending and now I have started saving bitcoin.
I believe bitcoin price will now increase rapidly and spending them would be foolish.
Although I am still open to investing in any good business opportunity.

Well nice strategy dude! saving bitcoin to earn more profit from it is best strategy though it really takes time to earn more from it because it needs a lot of time years to make your bitcoin earn a bigger profit so hold it for almost 2-3 years then that is sure profit soon. Patience is a virtue dude.


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February 06, 2017, 01:54:11 PM
 #279

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.
I used to spend whatever bitcoin I would earn but now I have stopped myself from spending and now I have started saving bitcoin.
I believe bitcoin price will now increase rapidly and spending them would be foolish.
Although I am still open to investing in any good business opportunity.

Well nice strategy dude! saving bitcoin to earn more profit from it is best strategy though it really takes time to earn more from it because it needs a lot of time years to make your bitcoin earn a bigger profit so hold it for almost 2-3 years then that is sure profit soon. Patience is a virtue dude.
Waiting for long and having a long patience would really pays you off in the future if you are saving bitcoin as of now and you are right its really a good investment in longer years but there are people who arent like of waiting time thats why they are short trading on bitcoin. Daily use of bitcoin is somehow now spread as of now because of adoption matter.

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February 06, 2017, 01:59:39 PM
 #280

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.
I used to spend whatever bitcoin I would earn but now I have stopped myself from spending and now I have started saving bitcoin.
I believe bitcoin price will now increase rapidly and spending them would be foolish.
Although I am still open to investing in any good business opportunity.

Well nice strategy dude! saving bitcoin to earn more profit from it is best strategy though it really takes time to earn more from it because it needs a lot of time years to make your bitcoin earn a bigger profit so hold it for almost 2-3 years then that is sure profit soon. Patience is a virtue dude.

That is called a long term investment. Holding the money can be good or bad for Bitcoin, I don't know which one it will turn into: a higher price because the supply will get shrinked or a smaller price because the demand will not be the same (if each of us would do it, nobody would spend it anymore)?
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