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Author Topic: Daily use of bitcoin?  (Read 41793 times)
naughty1
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April 23, 2017, 02:46:36 PM
 #821

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

Most of the people are using it for paying bills and buying altcoins on trading sites as the usage of bitcoins is limited at a moment as there are not many offline places where we can spend our bitcoins to buy anything and that makes people to save their bitcoins for the future.

Although it is limited, but we can also use it in online transactions, currently, there are many sites that accept bitcoin to carry out transactions. In addition, bitcoin is also considered as the primary means for performing altcoin transactions. We can say that bitcoin is dominating the market.

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April 23, 2017, 02:48:50 PM
 #822

I used to gambling with Bitcoin and I found that it is extremely terrible. Only waste our money and efforts. Therefore, right now, I use my Bitcoin for various purposes and trading is the best aspect. I have invested about 2 bitcoin in many kinds of altcoin and wait for its prices to increase. I will soon get 4 bitcoin. trust me haha
Is there some sort of thought/logic behind your actions, or is it just you buying certain altcoins and assume they will double in value just like that? That's what I consider to be a form of gambling as well.

Most altcoins altcoins are pumped up already, which means that it's not smart to jump in at peak prices. It will cause more harm than good for your capital. Mind sharing what coins you bought at what prices?

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April 23, 2017, 03:44:50 PM
 #823

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

Most of the people are using it for paying bills and buying altcoins on trading sites as the usage of bitcoins is limited at a moment as there are not many offline places where we can spend our bitcoins to buy anything and that makes people to save their bitcoins for the future.

Although it is limited, but we can also use it in online transactions, currently, there are many sites that accept bitcoin to carry out transactions. In addition, bitcoin is also considered as the primary means for performing altcoin transactions. We can say that bitcoin is dominating the market.

The acceptance of bitcoin is increasing on online sites and in future we will find many more sites that will start accepting bitcoin as a mode of payment and bitcoin is a blessing for those who are interested in online shopping but do not have credit card as they can easily do it with bitcoins.

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April 23, 2017, 08:38:28 PM
 #824

You should not expect to use bitcoin for every single thing, I think of bitcoin as your savings account, you take it everywhere you go? No, you only use it in those big buys you need to do, if you want fast confirmations use LTC because it is way faster than bitcoin.


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April 23, 2017, 08:42:55 PM
 #825

You should not expect to use bitcoin for every single thing, I think of bitcoin as your savings account, you take it everywhere you go? No, you only use it in those big buys you need to do, if you want fast confirmations use LTC because it is way faster than bitcoin.

I agree, the people that use Bitcoin daily don’t really know how to use Bitcoin or they are really just spending Bitcoin because they have a set goal with the payment method.
I wouldn’t spend any of my Bitcoin if I was planning on getting a bunch of money by holding Bitcoin. I like to use Bitcoin each day though only because I don’t like holding Bitcoin and I don’t plan on getting that rich just by holding if you know what I mean.

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April 23, 2017, 08:44:30 PM
 #826

You should not expect to use bitcoin for every single thing, I think of bitcoin as your savings account, you take it everywhere you go? No, you only use it in those big buys you need to do, if you want fast confirmations use LTC because it is way faster than bitcoin.
I don't think that there is anyone who thinks that they are able to use Bitcoin for everything that they may need in their life, sure they can use it for a lot of things but for a majority of people they're fairly limited as to what they can realistically buy. There was that one gold mine (and I think there was a house at some point) that people could buy for Bitcoin, but I don't know whatever happened to those things. They might have been successful but I have no idea. Never followed the stories.
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April 23, 2017, 11:29:43 PM
 #827

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. 

Each and every problem have a solution and same goes with bitcoin transactions too and I am sure that core development team will work on it and will bring solution in quick time as if its not done in right time then many users will drop an idea of using bitcoins.
yes no doubt that it si too much important to solve this problem very soon, because the users of bitcoin are continously increasing and therefore it is very much important that the new users should not find any hurdle in use of bitcoin.

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April 24, 2017, 12:03:00 AM
 #828

You should not expect to use bitcoin for every single thing, I think of bitcoin as your savings account, you take it everywhere you go? No, you only use it in those big buys you need to do, if you want fast confirmations use LTC because it is way faster than bitcoin.

Even though if you want to buy many things from bitcoins, but that is almost impossible to do it as of now in most of the countries. Because bitcoins are not popular so much in all industries, expect gambling and porn. At least in my country, if I want to buy then I have to convert it into fiat first. But because of high transaction fees now bitcoins are not suitable for smaller amount transactions so we have to use some alt-coins.

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April 24, 2017, 02:17:30 AM
 #829

You should not expect to use bitcoin for every single thing, I think of bitcoin as your savings account, you take it everywhere you go? No, you only use it in those big buys you need to do, if you want fast confirmations use LTC because it is way faster than bitcoin.
I thino Bitcoin still give us more benefit than LTC or another altcoin because so many industries in america, japan Or Russia that accept bitcoin as payment system. I still Didnt find any bussines that accept LTC, please tell me if you know some.

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April 24, 2017, 04:32:41 AM
 #830

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. 

Each and every problem have a solution and same goes with bitcoin transactions too and I am sure that core development team will work on it and will bring solution in quick time as if its not done in right time then many users will drop an idea of using bitcoins.
yes no doubt that it si too much important to solve this problem very soon, because the users of bitcoin are continously increasing and therefore it is very much important that the new users should not find any hurdle in use of bitcoin.

Yes people who will be new to bitcoins will never like to wait longer for their transaction to get confirmed and if the first impression of bitcoin goes wrong then they will start hating bitcoins and will not prefer to use them.

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April 24, 2017, 09:05:20 AM
 #831

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. 

Each and every problem have a solution and same goes with bitcoin transactions too and I am sure that core development team will work on it and will bring solution in quick time as if its not done in right time then many users will drop an idea of using bitcoins

Yeah, as the saying goes (well, in fact whole three), every problem has a name, you cannot solve it by relying on people who create it, and if it can be solved with money, it is actually not a problem but expenses. More specifically, developers have already come up with a bunch of solutions, but they are not the one who have the final say, while those who have don't seem to be very inclined to change anything since changing anything toward the genuine solution of the problem will cause them to lose profits

So we are essentially in a vicious circle of sorts

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April 24, 2017, 10:12:22 AM
 #832

I can not use bitcoins every day. In my country, the status of the cryptocurrency is uncertain. But I would like to be able to buy goods for bitcoins. Especially computer hardware.
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April 24, 2017, 11:53:30 AM
 #833

I can not use bitcoins every day. In my country, the status of the cryptocurrency is uncertain. But I would like to be able to buy goods for bitcoins. Especially computer hardware.
So you do not have a local exchange in your country? What county are your living by the way?
I live in a small country but we are free to use bitcoin, in fact we have the local exchanges where we can easily cash out our bitcoin into fiat and they have a lot of merchant partners where we can spend our bitcoins with a discount. I can say I am lucky to be living in my county, I hope your government will try to study bitcoin and accept it.

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April 24, 2017, 12:02:32 PM
 #834

Using bitcoins at offline stores is not possible at a moment so if I have to spend my bitcoins to buy anything then firstly I need to sell them and convert them to my local currency for shopping purposes but now I have applied for bitcoin debit card so hoping that things will get easier once I have it.

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April 24, 2017, 02:57:07 PM
 #835

Using bitcoins daily on trading sites is a great fun to me as its not only about spending them but also to get good profits from it in return where it helps me increasing the level of my bitcoins in my wallet and that is the only place where I use my bitcoins on daily basis.

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April 24, 2017, 04:02:45 PM
 #836

Using bitcoins daily on trading sites is a great fun to me as its not only about spending them but also to get good profits from it in return where it helps me increasing the level of my bitcoins in my wallet and that is the only place where I use my bitcoins on daily basis.

I understand that trading is a great way to increase the number of coins that you have (assuming you have the proper knowledge). I however can't consider risking your money with trading to be fun. You can say it's fun when there is nothing to lose, or maybe just a few bucks. And then you need to trade against the volatility, otherwise it's not worth the effort. Things aren't as easy as they may seem. Trading isn't a joke.

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April 24, 2017, 04:05:38 PM
 #837

I used to use them daily on gambling in the past when the price of bitcoins was too low as even if you loose it was not too painful but now with increasing price of bitcoins I cannot afford to loose even a single penny of it so now I prefer not to spend them anywhere and will save them for the future.
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April 24, 2017, 09:37:20 PM
 #838

When you say daily I will assume you mean daily buying of things like bread and milk or petrol ? For me if I can pay in bitcoins I will otherwise I draw fait with localbitcoin and use regular fiat. I prefer to support bitcoin where I can though.I really bekive in 5 years time we will see many chances to what you can buy with bitcoin.

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April 24, 2017, 10:27:51 PM
 #839

When you say daily I will assume you mean daily buying of things like bread and milk or petrol ? For me if I can pay in bitcoins I will otherwise I draw fait with localbitcoin and use regular fiat. I prefer to support bitcoin where I can though.I really bekive in 5 years time we will see many chances to what you can buy with bitcoin.

As of now I think there is no daily usage of Bitcoin except for the daily loading of a prepaid mobile and that is an insane thing lol.  Bitcoin had never been used as payment in offline store and there are seldom to none existent fast food chain that accept BTC for a meal.  Except of Day traders that uses Bitcoin in trading, there is none that I known of Bitcoin being used in daily stuff.
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April 24, 2017, 11:07:08 PM
 #840

When you say daily I will assume you mean daily buying of things like bread and milk or petrol ? For me if I can pay in bitcoins I will otherwise I draw fait with localbitcoin and use regular fiat. I prefer to support bitcoin where I can though.I really bekive in 5 years time we will see many chances to what you can buy with bitcoin.

As of now I think there is no daily usage of Bitcoin except for the daily loading of a prepaid mobile and that is an insane thing lol.  Bitcoin had never been used as payment in offline store and there are seldom to none existent fast food chain that accept BTC for a meal.  Except of Day traders that uses Bitcoin in trading, there is none that I known of Bitcoin being used in daily stuff.

just in eloading too, I can use it almost everyday since I made it a business a eloading and a payment center somehow ,though it cant really use daily for personal needs unless there were shops,mini marts that will accept to be pai in btc.

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