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Author Topic: Real life usage of bitcoin  (Read 8839 times)
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June 07, 2017, 02:46:53 AM
 #101

Bitcoin is really famous like now same as paypal. So there are so many things to use for bitcoin like exchanging bitcoin to paypal or just go buy online, Or just withdraw it to the bank, (depends on the wallet you use) For me, I don't care about those big transactions as long as I earn my bitcoin for free, Its all good to me.
Like me, i always pay big transaction fee every time i withdraw my bitcoin because i want to make my bitcoin to be a fiat quickly since i earn bitcoin for free, i just earn in signature campaign and it is good enough earning for me.
My actual bitcoin usage is buying a load and paying my bills other than that i do exchange it into fiat to spend in other things.
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June 07, 2017, 06:53:13 AM
 #102

Don't you think price blast not correlate with its real life usage since its inception?

Its hoarded for speculative purpose but how many major cities in the world have even its ATM?

I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?

Who will accept it in store when confirmation time is so long.
Definitely,long confirmation time would make merchants to not promote bitcoin acceptance.In japan,bitcoin usage for day to day needs have come true.Let us hope some solution would be found to fix this issue.

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June 07, 2017, 02:13:38 PM
 #103

Don't you think price blast not correlate with its real life usage since its inception?

Its hoarded for speculative purpose but how many major cities in the world have even its ATM?

I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?

Who will accept it in store when confirmation time is so long.

I dint do the real time usage and most of my country people also. As there are lots of people mentioned people are collecting bitcoin for future like collecting some precious thing including me . I am trying to buy some things from online market where bitcoin is accepted i didn't find any reliable source till now . Lots of bitcoin community in my country we use wallet where we can exchange bitcoin for local currency . Even we dint dream to get bitcoin atm if it happens we will be the happiest persons in the world .
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June 07, 2017, 02:22:24 PM
 #104

Bitcoin is really famous like now same as paypal. So there are so many things to use for bitcoin like exchanging bitcoin to paypal or just go buy online, Or just withdraw it to the bank, (depends on the wallet you use) For me, I don't care about those big transactions as long as I earn my bitcoin for free, Its all good to me.
Indeed, as bitcoin became popular you could now convert and withdraw via banks with ease. Here in my country there's a wallet called "coins.ph" where you could use your bitcoin to pay your daily expenses such as electric bill and internet. You could also use this wallet to withdraw  your campaign. So that I'm glad that we have this kind of wallet



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June 07, 2017, 02:31:53 PM
Last edit: June 07, 2017, 04:53:56 PM by stompix
 #105

Definitely,long confirmation time would make merchants to not promote bitcoin acceptance.In japan,bitcoin usage for day to day needs have come true.Let us hope some solution would be found to fix this issue.

What's the difference in Japan?
Are confirmation times faster there?


Bitcoin is really famous like now same as paypal. So there are so many things to use for bitcoin like exchanging bitcoin to paypal or just go buy online, Or just withdraw it to the bank, (depends on the wallet you use) For me, I don't care about those big transactions as long as I earn my bitcoin for free, Its all good to me.
Indeed, as bitcoin became popular you could now convert and withdraw via banks with ease. Here in my country there's a wallet called "coins.ph" where you could use your bitcoin to pay your daily expenses such as electric bill and internet. You could also use this wallet to withdraw  your campaign. So that I'm glad that we have this kind of wallet

Just how stupid is this?
You loath banks yet you use a damn copycat.

Coins.ph acts like a bank and people are cheering

God help me, I think the entire world is going crazy or at least this forum does

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June 08, 2017, 05:04:35 PM
 #106

Well all usages told here has nothing to do with bitcoin as itself being used in real life but instead CONVERTED to fiat for transaction. In reality fiat value is working not bitcoin itself.
I found this one somewhat wrong. For me, buying bitcoin and using it for trading is a usage of bitcoin itself. And if you haven't heard of, there are now online stores accepting bitcoin as payment. There are also restaurants accepting bitcoin as mode of payment http://bitcoinrestaurants.net/ . Bitcoin is also being used for paying those who are in signature campaign or in any bitcoin related jobs. You just need to explore it more to discover more about it.
Even if you just buy bitcoin and then hold, you are using bitcoin, as long as you are in bitcoin you are using bitcoin even if you don’t use it the way you will use a normal currency and pay your bills, groceries or some other items with it ,after all most people in the bitcoin community are in it for the chance the price skyrockets and the previous months have been proof that strategy works very well.



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June 09, 2017, 08:22:32 AM
 #107

After knowing bitcoin I can buy valuable items, bitcoin is very useful if you know how to use it and many other things about bitcoin.

Been using my bitcoin to buy things and pays it through online payments. It is ver handy and convenient to use. it can be used like a normal currency money. I've been wanting and planning to invest it i some tradings but still studying the processes of it. And doing some hoarding of course. I always took the chance to convert bitcoin to my currency when it has a high value and hoards it.
For online payments the bitcoin is the best medium to pay as it is already a recognized for the payments. If I have bitcoin in my account it is more convenient for me to pay it. I have no problem in paying the bitcoin for my online payments. I must appreciate those people in this regard who want to pay their bills and shopping online with the bitcoin. I am also pleased to say that in my country the mobile balance recharge service has started with the bitcoin which is one good example where I am using bitcoins in real time.
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June 09, 2017, 05:58:28 PM
 #108

Bitcoin is really famous like now same as paypal. So there are so many things to use for bitcoin like exchanging bitcoin to paypal or just go buy online, Or just withdraw it to the bank, (depends on the wallet you use) For me, I don't care about those big transactions as long as I earn my bitcoin for free, Its all good to me.
Bitcoin is popular but I don’t think it is as popular as paypal, also most of the fame of bitcoin comes from being a tremendous investment and not because bitcoin is being used as a currency, so I think bitcoin still  has lot of way to go if we want to take a considerable amount of the market share of paypal in the near future.



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June 09, 2017, 06:09:34 PM
 #109

Bitcoin can be as fast as fiat in the near future, Slow confirmation and congestion on blockchain are one of the few challenges that bitcoin ecosystem is facing nowadays. But there's a lot brain out their that can solve such as this tickling problem.
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June 11, 2017, 06:42:20 PM
 #110

Honestly in my real life I don't spend any coins not because I love to hold but because I don't have the proper facilities around me to do the same.

The best I do with bitcoins is a mobile recharge to my mobile and DTH thanks to the easy and flawless service provided by bitrefill .. apart from that I really don't have any much use of the bitcoins here and the next best use I make with bitcoins is, I withdraw bitcoins to cash/fiat and spend them Smiley
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June 11, 2017, 06:52:56 PM
 #111

Buying an item in the online store may be the first experience using bitcoin in my real life Smiley Grin
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June 11, 2017, 07:01:07 PM
 #112

Who will accept it in store when confirmation time is so long.
I highly doubt that the real genius behind bitcoin does have any plans to make this a currency to be accepted in stores rather than it could be used as an asset like you invest in shares and bonds as well as storing it in a vault.If you look back bitcoin was developed after the great economic depression which is caused by the incompetency of the higher hierarchy of the financial sector and they literally gambled with everyones wealth,so in my opinion it is developed to have a control over our asset than a third party.
That's true to me too. There is no point in getting bitcoins accepted at various shops because the confirmation time will kill all the fun and I won't ever want to wait 15 mins after finishing my coffee at the cafe just because the transaction is not confirmed.

And more than that the government would never allow and there won't be many shops that would go against the legal laws to support a new currency/asset.

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June 11, 2017, 07:07:29 PM
 #113

Don't you think price blast not correlate with its real life usage since its inception?

Its hoarded for speculative purpose but how many major cities in the world have even its ATM?

I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?

Who will accept it in store when confirmation time is so long.

The current price is very much speculative as its pumped so much lately but usage has in fact been increasing (though not as fast as the price). That being said it has very much become more of an asset than a currency and that is unlikely to change until a real scaling solution is found which could already happen this year with some luck.
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June 11, 2017, 07:10:05 PM
 #114

In my daily life is very useful, can be used as payment in several sectors.
Bitcoin also provides many opportunities for people to earn a good income
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June 11, 2017, 10:30:55 PM
 #115

Who will accept it in store when confirmation time is so long.
I highly doubt that the real genius behind bitcoin does have any plans to make this a currency to be accepted in stores rather than it could be used as an asset like you invest in shares and bonds as well as storing it in a vault.If you look back bitcoin was developed after the great economic depression which is caused by the incompetency of the higher hierarchy of the financial sector and they literally gambled with everyones wealth,so in my opinion it is developed to have a control over our asset than a third party.
That's true to me too. There is no point in getting bitcoins accepted at various shops because the confirmation time will kill all the fun and I won't ever want to wait 15 mins after finishing my coffee at the cafe just because the transaction is not confirmed.

And more than that the government would never allow and there won't be many shops that would go against the legal laws to support a new currency/asset.

There are a lot more shops right now that are accepting bitcoins , even more than daily transactions.
And the government doesn't give a f word about it.

It doesn't matter if you accept bitcoins or not the problem lies with the income and profit you say you made and how much taxes you pay.You try to use bitcoins to avoid taxes then yea the government has a problem with you.
You pay what you're suppose to, then everything is fine.

But right now the problem it's the fee.
Not only you pay extra for that coffee but the coffee shop has to collect the payments for all the address so they incur another fee.

You pay 3$ for coffee , 2$ tax , the shop receives 3$ has to pay another 1$ to collect the payments.
Not really the future of money this way.

Hope it will get solved in August.



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June 12, 2017, 12:06:34 AM
 #116

Don't you think price blast not correlate with its real life usage since its inception?

Its hoarded for speculative purpose but how many major cities in the world have even its ATM?

I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?

Who will accept it in store when confirmation time is so long.
I want to try this one if store accepting the bitcoin. If you are avoiding the long confirmation, why don't you convert your bitcoin into fiat cash to reduce the hassle. If you have a doubt about the confirmation process so go for my suggestion. It's embarrassing both of you waiting for the confirmation. I hope I could help you a lot on my suggestion.













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June 17, 2017, 06:17:00 PM
 #117

I've use bitcoin to buy computers, gold, silver, and various collectibles on this forum. It is very useful if you know how to spend it.
The real usage of bitcoin is that you can use it to buy the things that you want and you can also use it in different kind of transaction like paying bills, shopping online and many more. Now a day bitcoin is very useful because businessman use it their business to get much profit. Furthermore, having bitcoin will help you to provide all your need in your daily life.

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June 17, 2017, 06:43:44 PM
 #118

After I get a lot of BTC results that I use to buy goods online, in addition I use to buy a computer also buy credit.
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June 18, 2017, 03:13:36 PM
 #119

the fact that it is mostly used for speculation, and the fact that you have not yet seen or maybe looked for its usages doesn't mean it doesn't have them.

Growing and building your own business has never been so easy thanks to Bitcoin.

it is easier with bitcoin! and it actually will be a lot more profitable if you do it with bitcoin because there is a lot of room for new businesses that already exist with fiat but not with bitcoin.
take a look around you and you'll see a lot of them who are thriving:
- payment processors such as Bitpay
- gambling sites: just look at some of the signatures and how much those websites are earning!!!
- online shops: there are a lot of them selling all kinds of stuff, from digital small goods such as gift cards (Gyft.com) and games,... to bigger physical goods.
- exchanges
- web wallets that control the private keys such as XAPO and Coinbase
- bank like services that are issuing debit cards for bitcoin.
Well, there is lots of usage of bitcoin. Some people use it pay their bills ,shopping in online market, transfer money and many more.Furthermore,some people use it in their business to make a high profit because bitcoin is very profitable.Lastly,Having bitcoin is nice because it can provide all your need in the near future.
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June 18, 2017, 04:41:49 PM
 #120

Since I use bitcoin to buy some stuff I need like a computer, and hoard some results from bitcoin or investment dibitcoin karna if we invest bitcoin in a long time may be a life brighter for the family
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