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Author Topic: Daily use of bitcoin?  (Read 42050 times)
roadbits
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April 03, 2017, 07:38:43 AM
 #521

I am using bitcoins daily on trading and gambling sites but the fact is that usage of bitcoin is limited only in online world and its really difficult to use it in real world to buy physical things as there are no shops that accepts bitcoin as a mode of payment.
Yes still we don't get approval from govt to use Bitcoin in the real world. But many governments are allowed us to do business with Bitcoin means Bitcoin investment and trading etc. You want to buy a physical thing from your Bitcoin you don't have access to pay your billing amount direct through Bitcoin, but you can convert your coins to fiat currency and buy your things. This facility is available in all country.
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April 03, 2017, 07:50:08 AM
 #522

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.

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April 03, 2017, 08:00:26 AM
 #523

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.
Yes with bitcoin debit card it does really make our life easier but you are still using local fiat instead of bitcoin because you do make you use of that card just an exchanger to your bitcoin to local fiat which does really help bitcoin users to spend their bitcoin without any hassle on exchanging among other bitcoin users.

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April 03, 2017, 08:39:18 AM
 #524

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.

Yes bitcoin debit card has made things easier when it comes to shopping online as it can be used like other bank debit or credit cards and the best thing is there no extra charge for swapping your card at POS terminals and it is a good way to spend our bitcoins.
yuiyuga
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April 03, 2017, 08:45:03 AM
 #525

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.

Yes bitcoin debit card has made things easier when it comes to shopping online as it can be used like other bank debit or credit cards and the best thing is there no extra charge for swapping your card at POS terminals and it is a good way to spend our bitcoins.

I agree with you - it's very convenient. Not all countries can buy such a card. In addition, one must remember that not everyone is ready to spend bitcoins every day. Some simply keep them
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April 03, 2017, 09:16:45 AM
 #526

That is great knowing that they are accepting bitcoin now, but I dont think that all of it's branches are accepting bitcoin, are they accepting bitcoin? I mean all the branches in the world? And I dont think that there will be problems about paying them because there is a lot of way to pay it quickly like scanning the QR code of how much they will pay, it is really quick and we don't need to wait foe the confirmations or think about the miners fee. I think these will be a problem if you are paying the cofee accross the world.


 
 
 
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April 03, 2017, 09:31:03 AM
 #527

That is great knowing that they are accepting bitcoin now, but I dont think that all of it's branches are accepting bitcoin, are they accepting bitcoin? I mean all the branches in the world? And I dont think that there will be problems about paying them because there is a lot of way to pay it quickly like scanning the QR code of how much they will pay, it is really quick and we don't need to wait foe the confirmations or think about the miners fee. I think these will be a problem if you are paying the cofee accross the world.

You are right - bitcoin is not accepted everywhere. In my country, I can not pay bitcoin for goods. Therefore, I can not use bitcoin for my daily needs. But I have a hope that soon everything will change for the better
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April 03, 2017, 09:55:12 AM
 #528

That is great knowing that they are accepting bitcoin now, but I dont think that all of it's branches are accepting bitcoin, are they accepting bitcoin? I mean all the branches in the world? And I dont think that there will be problems about paying them because there is a lot of way to pay it quickly like scanning the QR code of how much they will pay, it is really quick and we don't need to wait foe the confirmations or think about the miners fee. I think these will be a problem if you are paying the cofee accross the world.

You are right - bitcoin is not accepted everywhere. In my country, I can not pay bitcoin for goods. Therefore, I can not use bitcoin for my daily needs. But I have a hope that soon everything will change for the better

As of now its very difficult to spend bitcoins especially at offline stores as still many people are not aware about bitcoins and that is the reason we don't find any place to spend them to buy anything but bitcoin is gaining popularity so lets hope that in near future it will become easier for us to spend our bitcoins for shopping.

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April 03, 2017, 02:46:37 PM
 #529

At the time I'm posting this using s for daily use can be a really big disaster as confirmation from past few days it taking more than 2 hours and also in my country there aren't any stores which accept  so I'll just save it in my wallet for now.
i think not in only your country all developing countries in the world don't have relevant stores to accept bitcoin or any online store or brand is accepting it. so the main use of bitcoin for us is to use it for investment purpose or to earn it from different source. so, in order to use it as a daily purpose it is hard to use.
I think that would be the best thing to do in the first place as the owner of bitcoin never really invented bitcoin so people could use it as a currency. If his plan was to start a currency he would keep the supply more.

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April 03, 2017, 02:53:19 PM
 #530

I think in everyday life, it is hard to use bitcoin because of it waiting time in transaction. Bitcoin is best suited for paying for online services like online shopping or any service on websites like fiverr where item takes time and there is enough time for transaction to happen.
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April 03, 2017, 02:56:19 PM
 #531

may use bitcoin is done every day, is only done by those who have bitcoin in large numbers. it makes them so do not hesitate to spend a bitcoin they got. Well, I only use it in a few days when I make an investment or trading.

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April 03, 2017, 03:22:12 PM
 #532

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.

Yes bitcoin debit card has made things easier when it comes to shopping online as it can be used like other bank debit or credit cards and the best thing is there no extra charge for swapping your card at POS terminals and it is a good way to spend our bitcoins.
in my country we still do not have the facilities to use bitcoin debit card. although here in my area there are a lot of people who are using bitcoin but still here in my area there is not a singe shop where they accept bitcoin for shopping.
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April 03, 2017, 03:25:04 PM
 #533

now many payments using bitcopin without having to confirm my knowledge every transaction it would have sent and will not be withdrawn, so why every transaction must be with the confirmation, while will also be sent, so I think for a business like this does not need their confirmation

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April 03, 2017, 05:09:20 PM
 #534

With bitcoin debit card it isn't hard to use bitcoins in your daily life because it's accepted everywhere. You can shop online or go to,your favourite supermarket. But paying directly with bitcoins is another story and that is much more difficult. There are still not enough places who accept bitcoins and that should be improved.

Yes bitcoin debit card has made things easier when it comes to shopping online as it can be used like other bank debit or credit cards and the best thing is there no extra charge for swapping your card at POS terminals and it is a good way to spend our bitcoins.
in my country we still do not have the facilities to use bitcoin debit card. although here in my area there are a lot of people who are using bitcoin but still here in my area there is not a singe shop where they accept bitcoin for shopping.

In my country the same situation. But I do not really care about that, because I'm not going to spend bitcoin on buying everyday goods. I use my coins to invest in the Internet
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April 03, 2017, 06:07:15 PM
 #535

I am using bitcoins daily on trading and gambling sites but the fact is that usage of bitcoin is limited only in online world and its really difficult to use it in real world to buy physical things as there are no shops that accepts bitcoin as a mode of payment.
yes that is right that in most of the area the facilities of bitcoin to be use in local shops are not available, but hope that in future we will be able to use bitcoin in our local shops also.



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April 03, 2017, 06:15:31 PM
 #536

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?

Bitcoin may not make sense for short purchases. But I think it would be more suitable for long term shopping.
For example, we can make payments for a product that we receive as installment with bitcoin. In fact, we can use bitcoin in the payment of products like coffee. When we enter an appropriate fee value, our transactions are confirmed within 10 minutes.
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April 03, 2017, 08:07:52 PM
 #537

Yes bitcoin debit card has made things easier when it comes to shopping online as it can be used like other bank debit or credit cards and the best thing is there no extra charge for swapping your card at POS terminals and it is a good way to spend our bitcoins.Mostly, I use to pay my top up or mobile load through bitcoin. That is teh fast and easy used of bitcoin. Although sometimes I used it to pay utilities but it will be converted first to local currency.
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April 03, 2017, 08:12:09 PM
 #538

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
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April 03, 2017, 08:21:13 PM
 #539

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
We have an option right now if you want fast transactions you should increase the fee for every transaction to avoid long delay when receiving or sending. .
And we have now an accelerator which is can help you to get confirm fast..
You can check here https://www.viabtc.com/tools/txaccelerator/ and maybe it can help you increase the transaction  speed..


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April 03, 2017, 08:28:56 PM
 #540

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
We have an option right now if you want fast transactions you should increase the fee for every transaction to avoid long delay when receiving or sending. .
And we have now an accelerator which is can help you to get confirm fast..
You can check here https://www.viabtc.com/tools/txaccelerator/ and maybe it can help you increase the transaction  speed..

He wasn't talking about just the slow confirmation times but high fees as Bitcoin being used in our daily lives for the purchase of petty things cannot have high fees which will make trading difficult because not everyone can buy in bulk at once and hence this challenge will render it's daily use unpractical.

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