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Author Topic: Daily use of bitcoin?  (Read 41846 times)
TimeManLove
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April 18, 2017, 08:02:24 AM
 #761

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 think is easy , you can try to put the big fee for faster confirmation..
i don't try it because in my opinion if big fee is faster like i withdraw in wallet Cheesy
Of course we have that option if we want our transactions to be process faster, fees are getting bigger now and in my local exchange I have to pay at least 0.0011 for the fastest processing of transaction and compared to other payment processor, it is still low since the bitcoin fee is regardless of the amount.

You can also use special accelerators to make the transaction faster. It does not need to put a high commission. I almost always use these sites when my transaction is not confirmed
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paul gatt
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April 18, 2017, 08:48:22 AM
 #762

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 think is easy , you can try to put the big fee for faster confirmation..
i don't try it because in my opinion if big fee is faster like i withdraw in wallet Cheesy
Of course we have that option if we want our transactions to be process faster, fees are getting bigger now and in my local exchange I have to pay at least 0.0011 for the fastest processing of transaction and compared to other payment processor, it is still low since the bitcoin fee is regardless of the amount.

You can also use special accelerators to make the transaction faster. It does not need to put a high commission. I almost always use these sites when my transaction is not confirmed

Bitcoin transactions are really fast, it's done as soon as we open the transaction; however, it needs time to validate, that time is like the time we transfer money from one place to another. With a plane, and transaction costs the same as the quality of the plane, the higher the fee, the faster the transaction is made. The special accelerator is really unpopular, it only supports 100 transactions per hour, and it's only for those who are agile Smiley

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April 18, 2017, 08:58:39 AM
 #763

I think regarding that it depends in the store as you say in the Starbucks so it depend if they will accept your payment with no confirmation or it need to have at least 2 confirmation just like other gambling site they are accepting bitcoin in an instant so it depends in the store.


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April 18, 2017, 08:59:45 AM
 #764

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 think is easy , you can try to put the big fee for faster confirmation..
i don't try it because in my opinion if big fee is faster like i withdraw in wallet Cheesy
Of course we have that option if we want our transactions to be process faster, fees are getting bigger now and in my local exchange I have to pay at least 0.0011 for the fastest processing of transaction and compared to other payment processor, it is still low since the bitcoin fee is regardless of the amount.

Humm the only time I paid for a transaction process faster I had to pay more than 0.003btc.

I do not know if it is within the topic, but I would like to say that I was very happy for weeks ago because I bought recharges of mobile phone with bitcoin. I always have to convert bitcoin to fiat so I can use to pay for things I want.

I hope that in the future I can pay for a coffee with my bitcoin debit card if I have one

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April 18, 2017, 09:04:45 AM
 #765

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 think that these approval times will have some sort of impact on the use of Bitcoin in daily life. But I hope that these times speed up in the near future.

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DoublerHunter
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April 18, 2017, 10:40:38 AM
 #766

I think regarding that it depends in the store as you say in the Starbucks so it depend if they will accept your payment with no confirmation or it need to have at least 2 confirmation just like other gambling site they are accepting bitcoin in an instant so it depends in the store.
I think starbucks will accept bitcoin with no confirmation because they can see it on the blockchain and they can confirm that the payment is already executed so there is nothing to worry because bitcoin doesn't have chargebacks so there is no chance for bitcoin to scam people. I already transact some of the stores here and they didn't care about the confirmation.

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April 18, 2017, 11:11:19 AM
 #767

I think regarding that it depends in the store as you say in the Starbucks so it depend if they will accept your payment with no confirmation or it need to have at least 2 confirmation just like other gambling site they are accepting bitcoin in an instant so it depends in the store.
I think starbucks will accept bitcoin with no confirmation because they can see it on the blockchain and they can confirm that the payment is already executed so there is nothing to worry because bitcoin doesn't have chargebacks so there is no chance for bitcoin to scam people. I already transact some of the stores here and they didn't care about the confirmation

Do they require you to use a Coinbase wallet?

Or any other web wallet for that matter? Internal transactions in web wallets are instant and off-chain, so they don't need to wait any time. Other than that, as it has been explained before, it works until it doesn't. Until your transaction gets confirmed, you have everything to worry about (especially if you are on the receiving end of the transaction in question). Chargebacks are called "double-spends" in Bitcoin parlance, for your information, and they are certainly possible while transaction remains unconfirmed (and have been successfully performed numerous times in the past). In short, stop spreading misinformation

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April 18, 2017, 11:13:45 AM
 #768

I can order food from home with bitcoin. I can order pizzas, coffee, hamburgers, etc from home.
It may not be practical to pay with bitcoin directly in Starbucks. Or it may not be practical to pay for fast food products with bitcoin.
But we can order these products online.
in my area we do not have the facilities to use bitcoin for shopping or trading. in fact the users of bitcoin are not as more therefore the shopkeepers are not accepting bitcoin for shopping. but still i am hopeful that a time will come when we will also be able to use bitcoin for shopping in our local area.
yeah there is many areas where is bitcoin is not acceptable for shopping but i hope in the future bitcoin will acceptable in anywhere.

When the time comes that bitcoin is known worldwide (I am saying most countries in the world), then this scenario is unavoidable. Many shops will then starts to accept bitcoin and even some businesses will start paying their employees with bitcoin. We will just have to wait whether this will happen or not, the answer lies in the future.
i think yes you are right that the fate of bitcoin lies in the future, if the number of users and investments increase in future then bitcoin will grow in a fast rate and people will adopt it for daily purchases.

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April 18, 2017, 11:20:53 AM
 #769

I think the seller is not only thinking about profit dude, they also think how to maintain a good service so that customers come again. So a shop must know how bitcoin conditions in their area. When it is in the area surrounding many use bitcoin, and bitcoin as a payment they receive. So it is one of the services that benefit the customers I guess. Thank you

Well, this seems to be the most tricky part

How would sellers know whether people living nearby are involved with Bitcoin? Unless they tell the sellers themselves, right? But why would anyone make a clean breast of it and admit using Bitcoin? You may think that no one around you even heard about Bitcoin while, in fact, the whole neighborhood may be infested with Bitcoin millionaires. In this way, until and unless merchants declare it themselves they are ready for Bitcoin ("Bitcoin accepted here"), scarcely anyone is going to ask about payments in Bitcoin, especially in small towns, where everyone knows everything about everyone else

If you don't want to admit the use of Bitcoin, you can always choose a bitcoin debit card connected to a web wallet (debit card usage depends on your country, and only store a small amonunt in web wallet, just to be on the safe side), and in this case, payments will be instant, compared to the real bitcoin payments.
But, if you want to use Bitcoin in stores, there should be something done with the time of the payment confirmation. Or, you can go to a shop, where you can have a coffee after payment, and in this case, you have spent you time with something useful too Smiley
In my country, a taxi company started to accept Bitcoin payments via QR codes, but I don't know about the details, because I live in the countryside, and the bitcoin taxis are in the capital...

Well, Bitcoin payment cards somewhat alleviated the problem with confirmation times

But they still remain a crutch mostly. First, you have to rely on some company which issues the card (so called "third party risk"). Indeed, if you are using a web wallet, this doesn't matter, provided the web wallet company itself is behind the card, of course. But, further, the fees are typically pretty steep for this type of payment card since the card providers have to take into account Bitcoin price volatility. And last, you could just order a regular debit card and basically get done with that. When you need fiat (say, you go shopping), you just fill it with fiat you obtain by converting your bitcoins yourself at market prices

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April 18, 2017, 11:27:06 AM
 #770

I used Bitcoin for online payment, I like online shopping and if I use real money or bank transfer is needed a long term to got confirmation.
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April 18, 2017, 09:11:14 PM
 #771

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.
If we can avoid it then using fiat instead is ok but if for some reason you need to spend your bitcoin in something important then do it, we can always get more bitcoin at good prices since I don’t think bitcoin is going to skyrocket in the next months.

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April 18, 2017, 11:35:53 PM
 #772

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.

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April 19, 2017, 02:38:47 AM
 #773

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.
If we can avoid it then using fiat instead is ok but if for some reason you need to spend your bitcoin in something important then do it, we can always get more bitcoin at good prices since I don’t think bitcoin is going to skyrocket in the next months.

Bitcoin prices always go up dramatically because of the high level of trust from its users, so you should have no doubt about that in future. Bitcoin for online shopping everyday is good enough, and there is no harm in also we invest in trade market, but we still have to keep moving to multiply in altcoin market, because bitcoin is not passive assets such as gold, but bitcoin active currency that could continue to be multiplied.

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April 19, 2017, 03:27:56 AM
 #774

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.
Me too, I guess bitcoin are getting popular because of gambling, I believe the gambling industry will grow because people find
bitcoin a good tool to gamble easily. I gamble regularly so I use bitcoin and I have a good experience to share with my gambling journey.

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SamsungBitcoin
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April 19, 2017, 03:50:55 AM
 #775

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.
Me too, I guess bitcoin are getting popular because of gambling, I believe the gambling industry will grow because people find
bitcoin a good tool to gamble easily. I gamble regularly so I use bitcoin and I have a good experience to share with my gambling journey.
wow that was good that you are earning in gambling, i think it will not for last, if you win now you should leave gambling now because it only good for short term enjoyment but in long run you will lose everything in gambling note it.

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Natalim
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Activity: 588


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April 19, 2017, 04:57:45 AM
 #776

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.
If we can avoid it then using fiat instead is ok but if for some reason you need to spend your bitcoin in something important then do it, we can always get more bitcoin at good prices since I don’t think bitcoin is going to skyrocket in the next months.

Bitcoin prices always go up dramatically because of the high level of trust from its users, so you should have no doubt about that in future. Bitcoin for online shopping everyday is good enough, and there is no harm in also we invest in trade market, but we still have to keep moving to multiply in altcoin market, because bitcoin is not passive assets such as gold, but bitcoin active currency that could continue to be multiplied.
I'm sure it does not go always go up, it's called volatile because it pump and it dump so it's not an easy investment where we
think it will give us automatic profit. There is a risk on it, it's like gambling, thus you have to take risk at put something that you can afford to.

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DoublerHunter
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Activity: 644

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April 19, 2017, 05:17:29 AM
 #777

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.
If we can avoid it then using fiat instead is ok but if for some reason you need to spend your bitcoin in something important then do it, we can always get more bitcoin at good prices since I don’t think bitcoin is going to skyrocket in the next months.

Bitcoin prices always go up dramatically because of the high level of trust from its users, so you should have no doubt about that in future. Bitcoin for online shopping everyday is good enough, and there is no harm in also we invest in trade market, but we still have to keep moving to multiply in altcoin market, because bitcoin is not passive assets such as gold, but bitcoin active currency that could continue to be multiplied.
I'm sure it does not go always go up, it's called volatile because it pump and it dump so it's not an easy investment where we
think it will give us automatic profit. There is a risk on it, it's like gambling, thus you have to take risk at put something that you can afford to.
If you will base the price on long term basis then you can say that the price of bitcoin is always going up and that is why many of us or many people that uses bitcoin choose to hold it for long term instead of holding for short term because in long term there is lesser risk and you can earn a lot of money in long term rather than holding it for a few weeks or even days where there is a high risk of losing money.

Zooplus
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View Profile
April 19, 2017, 07:14:17 AM
 #778

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.
Me too, I guess bitcoin are getting popular because of gambling, I believe the gambling industry will grow because people find
bitcoin a good tool to gamble easily. I gamble regularly so I use bitcoin and I have a good experience to share with my gambling journey.
wow that was good that you are earning in gambling, i think it will not for last, if you win now you should leave gambling now because it only good for short term enjoyment but in long run you will lose everything in gambling note it.
It's rare to see people who have a successful journey in gambling, I dream to be one of them I failed to do it.
It proves to me that gambling is for everyone but winning is not for everyone.

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..Fueling Crypto Securitisation..
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saocodonls95
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April 19, 2017, 07:26:58 AM
 #779

I think at this time, daily use of BTC will be very difficult because transaction fees are much higher than before
Biggapp
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DIMPAY: Invest for Tomorrow. Today.


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April 19, 2017, 07:33:52 AM
 #780

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.
Me too, I guess bitcoin are getting popular because of gambling, I believe the gambling industry will grow because people find
bitcoin a good tool to gamble easily. I gamble regularly so I use bitcoin and I have a good experience to share with my gambling journey.
wow that was good that you are earning in gambling, i think it will not for last, if you win now you should leave gambling now because it only good for short term enjoyment but in long run you will lose everything in gambling note it.
It's rare to see people who have a successful journey in gambling, I dream to be one of them I failed to do it.
It proves to me that gambling is for everyone but winning is not for everyone.
i think you are right that some people in gambling has always succeed, i think gambling needs some sixth-sense and some knowledge because in gambling there is always risk to money but some people easily win and didn't afraid of it about their money as they are the experts of gambling. i think everyone are not like them.

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