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Author Topic: Daily use of bitcoin?  (Read 42054 times)
Jeremycoin
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February 07, 2017, 04:25:23 PM
 #301

It actually depends on the seller, if they think that it's enough as long as they can see that the customer really send the Bitcoin so the transaction doesn't need to be confirmed then you don't have to wait for hours to just buy a coffee. But if the seller is paranoid and obliges that the transaction must at least have 5 confirmations before it can be considered as a legitimate transaction, then you probably need to wait for some times.
It's actually quite annoying to wait for hours to just send your Bitcoin, but as long as it still safe then it's not a big deal for me.

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February 07, 2017, 06:48:48 PM
 #302

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.
yeah i think it is difficult for a person using bitcoin is to use it for daily life because only a few online store accept it and most of the developing countries didn't know about online shopping because of lack of access to internet but i hope in future it may be possible......

Of course the lack of stores accepting bitcoin as payment is a problem but the way I see it it is not the only one. I believe it is more serious problem when we need a fast confirmation and we have to pay the high transaction fees which make prohibitive the usage of bitcoin as a means of payments especially when we need to buy something very cheap. So, till scaling issue would be settled with one or other way and fees are not so high I am almost sure most of the people will use it only as commodity

But why would you want that?

If Bitcoin is set to continue rising it would be equal to burning dollars for heating. You would not get enough heat anyway but only waste your money. It is like killing a goose (by small increments) laying golden eggs. If you receive cash as wages, it makes sense to spend it in the first place for your daily expenses and save bitcoins for speculation (or just save them if you are not much into trading). If you don't receive cash, it likely makes sense to find a job to get it and then proceed to saving your precious coins

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February 07, 2017, 07:27:45 PM
 #303

Daily using of bitcoin similar to that we use in stores or for other services is not available yet. Only limited places accept bitcoin. So daily use of bitcoin is little hard these days.
in most of the area such kind of facilities are not available available and specially in back ward area where people do not know about bitcoin so they do not have the facilities to use bitcoin in their local shops. but such people use bitcoin for investment and after getting some good profit they convert it in to fiat and then use it for daily use.
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February 07, 2017, 07:35:43 PM
 #304

Daily using of bitcoin similar to that we use in stores or for other services is not available yet. Only limited places accept bitcoin. So daily use of bitcoin is little hard these days.
in most of the area such kind of facilities are not available available and specially in back ward area where people do not know about bitcoin so they do not have the facilities to use bitcoin in their local shops. but such people use bitcoin for investment and after getting some good profit they convert it in to fiat and then use it for daily use.


At this moment when bitcoin fail to be used in offline stores,  it excel in investment because of the possible profit one Bitcoin investor have when the price of Bitcoin skyrocket.  It is true that people who trades convert Bitcoin to fiat ( me included) but many of them just buy back bitcoin when it price go down.  People tend to keep or trade bitcoin to profit than using it to some stores everyday.

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February 07, 2017, 08:42:09 PM
 #305

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.
Yeah, it is a type of business that most of the people are doing using bitcoins. First they buy or earn bitcoin through trading and then make their money more and more by trading of altcoin, by which they gain very good amount of profit  and using it for daily needs is something a difficult for someone. So, they can't use it daily without exchanging it into fiat money.

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February 08, 2017, 08:19:18 AM
 #306

I heard that Starbucks already started to accept bitcoin as payment. I don't imagine how it work exactly, because of I have no place here that would accept bitcoin. But I think such transactions in place that work with bitcoin all operations provided as fast as with a card.

If all starbucks outlet in the whole world will accepted bitcoin all coffee drinkers who are addicted in coffee will become familiar with bitcoin for sure, even the uneducated person will become curious about it because they will see some of their co-customer are buying via bitcoin. Once they start asking about in bitcoin that's the beginning to get their interest. Which is not impossible to be happen, cheers!
It is true but not Starbucks only, but other popular and big companies if they start adopting bitcoin as a payment method many people will start using it and it will become more popular, especially when it comes to the things that people use every day like restaurants MacDonald for example. If walmart starts accepts then we can see a new revolutions.
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February 08, 2017, 10:16:14 AM
 #307

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.
Yeah, it is a type of business that most of the people are doing using bitcoins. First they buy or earn bitcoin through trading and then make their money more and more by trading of altcoin, by which they gain very good amount of profit  and using it for daily needs is something a difficult for someone. So, they can't use it daily without exchanging it into fiat money.
but there are some people who convert their money into bitcoin just for playing gambling online. such people do not care for trading or investment. for them bitcoin is the best option for online shopping and specially for gambling online. while other people consider bitcoin as a good source of investment and making more and more money.

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February 08, 2017, 10:34:07 AM
 #308

I think we must remember the context here... most of us who have begun to use bitcoin haven't stopped using fiat or other means of payment.

Bitcoin has incredible benefits , and I've begun to use it for small actions but I wouldn't be in harm's way if bitcoin died tomorrow. Crypto hasn't yet displaced fiat for me, or most others. I hope that will change, but I know not to expect it any time soon.

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February 08, 2017, 10:56:22 AM
 #309

I don't use  bitcoin as a daily need but I do engage with stuffs related to bitcoin and to earn bitcoin because that servers as a pocket money for me and also I buy online stuffs with those money so I do use the word bitcoin daily but I don't use it or transact it daily, and not all store accept bitcoin that I could use it to pay my bill but I think very soon it will be easy to pay bill with offline and online stores because bitcoin is still under young age and not many people use it.


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February 08, 2017, 11:19:01 AM
 #310

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?

Well, 15minutes for the block to move. If there are be able to accept it with 0 confirmation then you could just pay and get. But 0 confirmation is bad due to it is abuse able where i read on certain articles. This is why you can see most betting sites which accept bitcoins take 1-2 confirmation so it don't double spent


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February 08, 2017, 11:20:06 AM
 #311

in some parts of the business, the shop accepts Bitcoin as a payment method. Although I have not been doing that, but I believe that the inconvenience that will not happen. In a way, the store will pay quickly, the business is a good thing, and of course we will have a quick payment. Bitcoin credit card is probably the best choice  Grin Grin Grin


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February 08, 2017, 01:01:49 PM
 #312

I don't not use my bitcoins on a daily basis because I see them as an investment platform rewarding me in the long run...
Though I use my bitcoin visa debit card when I want to spend some as it gives me some protection from scammers and less complications of waiting for a transaction to confirm.

Not only you there are many people like you are not using bitcoin in their daily life when compared to debit or credit. Right now bitcoin is investment where you can see potential of bitcoin very soon, because slowly many stores are accepting bitcoin through online, but for international people it is not possible to buy products with bitcoin may be.
I can buy some coffee with Bitcoin in my local area because there is a shop accepting Bitcoin as a payment method. I felt very happy for the first time of mylife I can use Bitcoin in the real world. Most of the time, I use my bitcoin for trading purposes and buying/selling goods on the internet. Moreover, I consider Bitcoin as a type of investment and it has bought me a lot of profit
I am waiting for the right time to experience what kind of convenience you have been experiencing, I don't live in big and developed countries, so development will be late there. Despite of that, I still enjoy using my bitcoin, although I cannot buy a coffee with my bitcoin, but I can pay my bills with it and especially I can gamble anytime I want with my bitcoin.

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February 08, 2017, 01:21:53 PM
 #313

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?
For those people who depends on bitcoin for their daily living they can say yes bitcoin can be use for daily lives where they can easily exchange bitcoin into fiat and use that inyo physical things , and yeah some stores are now accepting bitcoin hoping in super market too but it will take time for sure to be accepted.
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February 08, 2017, 01:32:23 PM
 #314

in some parts of the business, the shop accepts Bitcoin as a payment method. Although I have not been doing that, but I believe that the inconvenience that will not happen. In a way, the store will pay quickly, the business is a good thing, and of course we will have a quick payment. Bitcoin credit card is probably the best choice  Grin Grin Grin

Btc debit or credit worse idea use bitcoin in daily life. They would charge to use the card in every month. Cards swipe charges and etc link regular banks. Better to stick with wallets and make purchases on amazon via purse.io. You could able to recharge with bitrefill to mobiles at anywhere, you can do gambling easily with bitcoin.
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February 08, 2017, 01:37:13 PM
 #315

I don't use  bitcoin as a daily need but I do engage with stuffs related to bitcoin and to earn bitcoin because that servers as a pocket money for me and also I buy online stuffs with those money so I do use the word bitcoin daily but I don't use it or transact it daily, and not all store accept bitcoin that I could use it to pay my bill but I think very soon it will be easy to pay bill with offline and online stores because bitcoin is still under young age and not many people use it.
This certainly is a good start. in the future I'm sure bitcoin could be daily. although today is not a lot of stores that accept bitcoin, but has begun to emerge a startup slowly. we have to fight together for a purpose.

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February 08, 2017, 01:44:39 PM
 #316

I don't use  bitcoin as a daily need but I do engage with stuffs related to bitcoin and to earn bitcoin because that servers as a pocket money for me and also I buy online stuffs with those money so I do use the word bitcoin daily but I don't use it or transact it daily, and not all store accept bitcoin that I could use it to pay my bill but I think very soon it will be easy to pay bill with offline and online stores because bitcoin is still under young age and not many people use it.
This certainly is a good start. in the future I'm sure bitcoin could be daily. although today is not a lot of stores that accept bitcoin, but has begun to emerge a startup slowly. we have to fight together for a purpose.

I share the same opinion about Bitcoins future but I think there are a lot of shops and institutions now accepting Bitcoins-maybe you should find out more (The future is near and now). There are a lot of Bitcoin ATM's springing up too so in effect one can just withdraw from a Bitcoin ATM and shop and this shows how it can be used on a daily basis.

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February 08, 2017, 01:58:20 PM
 #317

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?

I really don't know how the Starbucks' service works when it comes to a bitcoin transaction but just like what might other have said earlier you don't have to wait until transaction has been confirmed before you can be served with your order once you have sent it to the right receiver then everything is already fine . you seemed to be interested to buy a coffee from starbucks with your bitcoin so I think you should search and read further information regarding to that service .

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February 08, 2017, 02:43:10 PM
 #318

I have not used bitcoin for direct payments, because in my country rarely accept bitcoin. But I think if bitcoin used as direct payments it is going to take a few minutes to confirm the payment, it is better to use a fiat because it does not require the process. Bitcoin is less suitable I think if it is used for direct payments that need development again to be used for direct payments, but for online payments bitcoin very superior because it would be more efficient.
I like to share an app in my country which is coin.ph . In coin.ph you can use bitcoin , you can convert it pay bills,use it as a load or even buy thing online as you convert it to money Smiley . In this app you can use your bitcoins in many different way. Even if you can't use bitcoin directly , you can use it in many different ways. If you like to consider trading it can do , or even investing in some teams to earn more.

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February 08, 2017, 03:08:24 PM
 #319

I have not used bitcoin for direct payments, because in my country rarely accept bitcoin. But I think if bitcoin used as direct payments it is going to take a few minutes to confirm the payment, it is better to use a fiat because it does not require the process. Bitcoin is less suitable I think if it is used for direct payments that need development again to be used for direct payments, but for online payments bitcoin very superior because it would be more efficient.
I like to share an app in my country which is coin.ph . In coin.ph you can use bitcoin , you can convert it pay bills,use it as a load or even buy thing online as you convert it to money Smiley . In this app you can use your bitcoins in many different way. Even if you can't use bitcoin directly , you can use it in many different ways. If you like to consider trading it can do , or even investing in some teams to earn more.
Well it is only applicable to your country. Obviously if you are in a different country all of it will be useless because they will have a different provider, a different way to pay bills in other words they have a different system that your local wallet does not have any authority with. Not unless the app is a multinational compatible app it will be useless to the user.

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February 08, 2017, 03:28:47 PM
 #320

I have not used bitcoin for direct payments, because in my country rarely accept bitcoin. But I think if bitcoin used as direct payments it is going to take a few minutes to confirm the payment, it is better to use a fiat because it does not require the process. Bitcoin is less suitable I think if it is used for direct payments that need development again to be used for direct payments, but for online payments bitcoin very superior because it would be more efficient.
I like to share an app in my country which is coin.ph . In coin.ph you can use bitcoin , you can convert it pay bills,use it as a load or even buy thing online as you convert it to money Smiley . In this app you can use your bitcoins in many different way. Even if you can't use bitcoin directly , you can use it in many different ways. If you like to consider trading it can do , or even investing in some teams to earn more.
Well it is only applicable to your country. Obviously if you are in a different country all of it will be useless because they will have a different provider, a different way to pay bills in other words they have a different system that your local wallet does not have any authority with. Not unless the app is a multinational compatible app it will be useless to the user.

I think that apps like coins.ph are a useful thing, even if they just work mainly in one nation.
The Philippines for example are not a rich country, but most of their people have a smartphone and the population is over 100 millions.
Instead of using an expensive service like western union they now can use that app.
That helps the bitcoin community to grow and the people there to save money.

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