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Author Topic: Daily use of bitcoin?  (Read 42050 times)
Nomad88
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April 13, 2017, 05:39:56 PM
 #681

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think.


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April 13, 2017, 06:02:30 PM
 #682

Actually I dont use daily my s, I just save it hold and sell. Too often to buy some stuffs online, but this  really helps me alot because of its easy to use. You can spend it anytime in your wallet.
That's good strategy. By holding Bitcoin you can make good profit in near future thought it's a long time process. Bitcoin always good investment, it has ability to lead the online market. Like me, try to busy with bitcoin business especially trading. Besides this doing also sell and other task.
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April 13, 2017, 06:49:58 PM
 #683

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?
The confirmation time is without a doubt a limitation to use bitcoin like that, bitcoin is better suited for operations where you don’t need confirmation in a matter of seconds, so the usage in our daily lives of bitcoin is going to be limited, but bitcoin is great for operations like the ones you do in internet.

It can be limited at a moment but things can change in future when confirmation time will get faster and also we will find many places to spend them physically but if talk about the present then yes the usage of bitcoin in real world is very limited.
The only thing we can do is to wait for the confirmation tog et faster as the technology keeps its development and the developers find ways to get faster confirmations.

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April 13, 2017, 07:15:52 PM
 #684

Actually I dont use daily my s, I just save it hold and sell. Too often to buy some stuffs online, but this  really helps me alot because of its easy to use. You can spend it anytime in your wallet.
That's good strategy. By holding Bitcoin you can make good profit in near future thought it's a long time process. Bitcoin always good investment, it has ability to lead the online market. Like me, try to busy with bitcoin business especially trading. Besides this doing also sell and other task.
I agree that bitcoin is a good investment, It will be a good investment if  you know how to trade it well. We cant predict bitcoin price to dump and to pump easily cause it moves too fast

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April 13, 2017, 07:30:00 PM
 #685

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?
The confirmation time is without a doubt a limitation to use bitcoin like that, bitcoin is better suited for operations where you don’t need confirmation in a matter of seconds, so the usage in our daily lives of bitcoin is going to be limited, but bitcoin is great for operations like the ones you do in internet.

It can be limited at a moment but things can change in future when confirmation time will get faster and also we will find many places to spend them physically but if talk about the present then yes the usage of bitcoin in real world is very limited.
The only thing we can do is to wait for the confirmation tog et faster as the technology keeps its development and the developers find ways to get faster confirmations.

If we have more miners yah it will get better in the future. But for now waiting for all blocks of your transaction to be confirmed is not that necessary

because a transacton will be irreversible if it has one or more confirmations. This wil be possible if the owner has a well understanding of bitcoin.

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April 14, 2017, 06:21:12 AM
 #686

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there isn't nor there wasn't any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses in the future. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall, but other than that, we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin and which is long due and overdue

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April 14, 2017, 06:24:40 AM
 #687

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there is nor there was any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall but other than that we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin

It's funny to talk about Bitcoin in these scales of history, when it has not even reached a full decade of being in use. For sure, it is already part of history, and even we can't deny part of the current and part of the future. If bitcoin "stops" at some point is only will be to use another form, which surely bitcoin was responsible for bringing in.

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April 14, 2017, 06:28:45 AM
 #688

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?

Correct. I wouldn't use it for everyday needs. Even today are in use the bitcoin debit cards with which you can pay instantly that you want to buy. But I wouldn't use it more for another reason. Bitcoin, according that I think, is more an investment tool than an everyday money. The value of bitcoin is hoped to achieve big figures. So my question in this case is: Worth to use it for everyday needs or desires?
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April 14, 2017, 07:24:37 AM
 #689

My daily use of bitcoin is on trading usually, trades with altcoin buy and sell it. And currently I used bitcoin as mode of payment, sending payment to others which is fast transactions. Buying some stuff online I usually do with my bitcoin. These things really help me also which is hassle free.

Wow, you did it was great. Because with active use bitcoin on a daily basis, then you help introduce bitcoin against everyone. What else you do is reserved to trade or buy something that does anyone else want to accept bitcoin, then that is a step better than the selfish interests of their own. Hopefully there will always be consistent and also do my best in the future so that bitcoin can be higher and favourable
 


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deisik
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April 14, 2017, 09:08:12 AM
 #690

It was a dream in the past. We all hoped for Bitcoin to be accepted at coffee shops and restaurants. It is more commen to see it now, but with these transaction fees, it is no longer smart way of payment. If things don`t change, using bitcoin in daily life will become a history faster than we think

I don't think this could ever happen

For the simple fact that there is nor there was any such usage either today or in the past. On the contrary, virtually no use of Bitcoin in everyday life can become history if we start using Bitcoin for our daily expenses. If we don't we will just continue as before. Personally, I don't consider such spending a good idea overall but other than that we are moving in that direction, i.e. toward instant payments. This is the logical step ahead as well as the one which doesn't require dramatic changes to Bitcoin

It's funny to talk about Bitcoin in these scales of history, when it has not even reached a full decade of being in use. For sure, it is already part of history, and even we can't deny part of the current and part of the future. If bitcoin "stops" at some point is only will be to use another form, which surely bitcoin was responsible for bringing in

Times are certainly accelerating this time

And they are accelerating at faster rates than they were during the best part of last 100 years. Internet itself was still rather new some twenty years ago, and look, now we can't live without it. Smartphones appeared a little over a decade ago, but now their raw power exceeds the power of desktop computers available same decade ago. It is not given that Bitcoin itself will exist in 10 years, but it could be said with certainty that if it will, it will be entirely different from what it is now

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April 14, 2017, 09:22:47 AM
 #691

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.
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April 14, 2017, 10:38:14 AM
 #692

There are many things where we can use bitcoin..
Ofcourse we can use bitcoin to store our money we can exchange money for bitcoin for investments and we can use bitcoin wallet to store our maney or bitcoins.
We can also use bitcoin to buy things or food in some store worldwide that accepting bitcoins.
We can exchanhe bitcoin for money.
We csn use bitcoin for trading and investing.

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April 14, 2017, 11:27:25 AM
 #693

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.
Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.


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April 14, 2017, 01:19:10 PM
 #694

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.
Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.

If that is your problem then look for a local online merchant in your country that accepts bitcoin. If you cannot search it in google then try searching one in the social media sites. In facebook there are thousands of merchants that accepts bitcoin coming from different parts of the world then just search for one that is from your region and maybe you could find good products to buy.

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April 14, 2017, 01:54:51 PM
 #695

Buying stuff online from retail online merchants. Purchasing of online services as well. That's about it.
Yes you are right. At this time overstock is the best online retailer that accept bitcoin as payment system. But the only problem is time of the delivery. If we in far away country, of course it will need more time and the cost will be more expencive. I hope there are local online shop in my country that accept bitcoin.

Bitcoin is not concerned about that kind of problem. As long as bitcoin performs its task about payment then that's about it, the delivery time of the store is the store's scope. On the other hand, in the near future, it is probable that online shops worldwide will accept bitcoin as payment. So let us just wait for it, that's the best we can do for now.

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April 14, 2017, 02:05:17 PM
 #696

Mostly i use bitcoin when i need money to withdraw i send to my digital wallet called webmoney and after that transfer to my bank. On my country right now, not too much services accepting bitcoin even if they are they take 30-40% more then a normal price. Still we don't find a way to confirm transactions faster, that's the biggest problem why we can't use it everwhere

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Dimelord
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April 14, 2017, 07:29:20 PM
 #697

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?
Definitely,its becoming a great issue nowadays which would make new companies to drop bitcoin adoption.It has to be solved and the other issue of high transaction fees too has to be solved as bitcoin users will not find it economical to buy small goods with bitcoin otherwise.
Salazarian
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April 14, 2017, 10:11:04 PM
 #698

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?
Definitely,its becoming a great issue nowadays which would make new companies to drop bitcoin adoption.It has to be solved and the other issue of high transaction fees too has to be solved as bitcoin users will not find it economical to buy small goods with bitcoin otherwise.
i am hopeful that such issues will be solve on priority basis, i do not think that these are such big problems, for which companies will drop bitcoin, i think they will wait for the issue to be solve.

oktana
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April 14, 2017, 10:56:06 PM
 #699

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?
Definitely,its becoming a great issue nowadays which would make new companies to drop bitcoin adoption.It has to be solved and the other issue of high transaction fees too has to be solved as bitcoin users will not find it economical to buy small goods with bitcoin otherwise.
i am hopeful that such issues will be solve on priority basis, i do not think that these are such big problems, for which companies will drop bitcoin, i think they will wait for the issue to be solve.

if indeed this problem will not be resolved, should the company or franchise have a written agreement with the provider of transaction, so if there is a pending transaction due to flooding in MemPool, companies will use their funds for 24-hour time limit. Indeed, this is a major concern and have an SEGWIT idea use to prevent chaos transaction in the future.



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AlunaCrypto


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April 14, 2017, 11:00:55 PM
 #700

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?


And in comes lightning network to the rescue...

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