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Author Topic: Daily use of bitcoin?  (Read 41803 times)
hermanhs09
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April 24, 2017, 11:14:24 PM
 #841

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 confirmation times are over the roof right now.

It seems dumb to use bitcoin when you are just making a purchase from a store locally. You are much better off using cash or other online payment processors such as Paypal, Paytm in India etc.

But I transfer money across borders everyday with bitcoin. IT's convenient.

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April 24, 2017, 11:41:05 PM
 #842

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.
We really need to have a revolutionary change of things is certain area.We need to have low cost bitcoin debit cards which can be spent quite easily like a visa or a master card and i am sure things will change drastically when it comes to the next halving and i hope the price would cross two thousand dollars by then.


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April 25, 2017, 12:37:47 AM
 #843

Its not possible to use bitcoins daily in real world as there are not many places that accepts bitcoin as a mode of payment and for that to happen I think we need to wait for a very long time as bitcoin is still new to many people.
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April 25, 2017, 02:14:12 AM
 #844

The Daily use of bitcoin is good but the problem is the fees that you will pay,  example is when its in the sending progress. There can be a slight delay because of the small fees. The bigger the fees that you add. the faster the miner will confirm your payment.  Example for me is when I cash-out  in an gambling sites. There minimum cash-out is 0.002btc but there fees are very high but faster transaction like I only wait for 5- 10 mins. But If you choose free and small transaction. 90% chance that your btc will be delay for more than a day to go in your btc wallet. So I Prefer that  use bitcoin one at a time ( big time payment) to reduce the big fee in your transaction.


 
 
 
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April 25, 2017, 02:19:59 AM
 #845

I am not using my bitcoins on daily basis as I think at this stage saving them for future can be more profitable as price is expected to go higher in coming months so that would be the good time to use them either in buying something or by converting them to fiat currency.

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April 25, 2017, 02:48:56 AM
 #846

Using bitcoin on a daily basis is more applicable for those who needs to send money elsewhere or for those whose transactions require bitcoin as payment. I typically use a small portion of my bitcoin to pay utility bills, but not on a daily basis, plus mobile phone load top up. I try not to spend so much of my bitcoin and just hold much of it as my investment which grows and performs better than any of my other non-bitcoin investments.
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April 25, 2017, 02:59:12 AM
 #847

I don"t thing using bitcoin for our daily use is easy. Because it is not legal in many countries. We can not buy things from small shops with bitcoin. In present situation if we want to use bitcoin we have to change it to dollar or any other currency.
Yes for now we can't usr bitcoin in our daily life but till now i haven't heard any country banning the coin. Even though china is exception but if you notice japan has adopted it so we will soon see more countries adopting it if not maybe impose a tax but not a ban
if they can't stop the trend for sure they will do some action like imposing taxes instead of banning the system, japan is a well known established country if they already have integrated their system more well established country will follow especially those who's dealing with them.
Imposing tax wouldn't help much as there are already more than 100 ways on how to avoid taxes for using bitcoins. The only thing that matters now is more countries should adopt bitcoin like how japan did. As this will help the bitcoin to grow more in terms of market cap and price

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April 25, 2017, 03:08:40 AM
 #848

Gambling, trading and investment platforms provide us with the increased use of bitcoin in a daily basis. Even now most of the time I prefer it for gambling as purchase facility is not available in our locality. This will change in the upcoming years as Countries have started to legalize the use of bitcoins.

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April 25, 2017, 04:09:53 AM
 #849

Gambling, trading and investment platforms provide us with the increased use of bitcoin in a daily basis. Even now most of the time I prefer it for gambling as purchase facility is not available in our locality. This will change in the upcoming years as Countries have started to legalize the use of bitcoins.
It's not possible to increase our bitcoin on a daily basis if you do risky things such as gambling and trading.
Your chance to have daily income is when you will find a good job that pays well.

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April 25, 2017, 04:23:24 AM
 #850

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?
It's very annoying and also important points to be fixed, as well as many stores that continue to revise whether bitcoin will be used as their payment tool
From what I know in starbuck you have to do deposit/top up balances using bitcoin in app so if want to buy balance from apps will decrease

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April 25, 2017, 04:26:20 AM
 #851

Now I use bitcoin for investment only. I have few coins, so I do not want to use them to buy pizza or coffee. I am hard working for them. I better leave them for the future.
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April 25, 2017, 04:29:46 AM
 #852

Now I use bitcoin for investment only. I have few coins, so I do not want to use them to buy pizza or coffee. I am hard working for them. I better leave them for the future.
Future means a long year IMO, that is good, you never know what will be the price but we are all expecting it will be a good price.
Holding will make you reach especially if you will increase that by saving consistently.

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April 25, 2017, 06:55:22 AM
 #853

In my country, the bitcoin is not used too much in the exchange of real life products. In some countries, you must changes it to that country's currency for using. I think we need to think about the possible consequences of using bitcoin for transactions on the physical world,
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April 25, 2017, 06:59:05 AM
 #854

Now I use bitcoin for investment only. I have few coins, so I do not want to use them to buy pizza or coffee. I am hard working for them. I better leave them for the future.

I agree with your statement, that currently bitcoin is not the appropriate method for micro-transactions due to high fees. But if someone wants to buy an electronic device then why not use his bitcoins as payment? If we take as an example the Japan then this is applicable in one of the biggest electronic retailer shops
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April 25, 2017, 07:11:54 AM
 #855

It would be nice if that would happen but right now in my country the ways of spending Bitcoin is not that much. But some do accept it as meqns of payments that is electricity or water bills but never in fastfodchains that may be beacause of the time the transaction be made.
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April 25, 2017, 07:39:34 AM
 #856

i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods

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April 25, 2017, 09:01:47 AM
 #857

i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods

Are you talking about daily trading activities? What are the activities? Can you tell me the details of your job? I feel curious about it. I only see people trading with bitcoin on trading platforms, I feel weird when you say you use bitcoin in daily trading.

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DoublerHunter
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April 25, 2017, 09:21:52 AM
 #858

i use bitcoin everyday for my trafing activity and make good profit
sometimes use it to buy online game and digital goods

Are you talking about daily trading activities? What are the activities? Can you tell me the details of your job? I feel curious about it. I only see people trading with bitcoin on trading platforms, I feel weird when you say you use bitcoin in daily trading.
You can use bitcoin in trading activities like altcoin trading the main money in the altcoin market is bitcoin so it is understandable for an altcoin trader to use bitcoin everyday in his trading activities because without bitcoin then he can't buy any kind of altcoin and can't do altcoin trading also.

Gembul
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April 25, 2017, 09:35:11 AM
 #859


Are you talking about daily trading activities? What are the activities? Can you tell me the details of your job? I feel curious about it. I only see people trading with bitcoin on trading platforms, I feel weird when you say you use bitcoin in daily trading.
You can use bitcoin in trading activities like altcoin trading the main money in the altcoin market is bitcoin so it is understandable for an altcoin trader to use bitcoin everyday in his trading activities because without bitcoin then he can't buy any kind of altcoin and can't do altcoin trading also.

Like me, every day I use bitcoin to trade. More precisely trading altcoin as you say, and besides trading altcoin I also do bitcoin trading. But different premises trading altcoin which every time I pass selling and buying. Trading bitcoin with fiat (usd) takes more time, sometimes in a month I just sell and buy bitcoin only once. Maybe it can be said to use bitcoin for daily trading. Thank you
fanita
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April 25, 2017, 09:41:49 AM
 #860

Is it still a matter of time to use bitcoin in transacting from its approval.

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