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Author Topic: How can bitcoin be used for regular transactions..  (Read 1356 times)
Blackwhite69
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July 09, 2017, 02:17:02 AM
 #41

That is easy, always introduce bitcoin to the community and clarify its purpose Wink

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Prodigan786
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July 09, 2017, 02:55:41 AM
 #42

I have seen some restuarant accepting bitcoin as payment mode even after year not even single transaction done. And also some apps and games were giving payout using bitcoin they also stopped because of recent transaction charge.

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July 09, 2017, 02:59:57 AM
 #43

It will take a very long time before this thing happen. The Government should approve bitcoin first as a global currency that we could all use in any transaction that we are going to have in our everyday lives, if we want to buy something then we could pay it using bitcoin or either fiat, depends on us. But first, let us wish first that the Bitcoin ETF would be approved by the SEC the second time we are going to propose it to them.

In this way, we could make a stepping stone for the bitcoin to be declared as a global currency for us to be able to use it on any thing in this world.

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July 09, 2017, 02:19:54 PM
 #44

I have seen some restuarant accepting bitcoin as payment mode even after year not even single transaction done. And also some apps and games were giving payout using bitcoin they also stopped because of recent transaction charge.

Sad, but true. Many places which were accepting Bitcoin turned it down recently because of the high transaction fees or very slow transaction if the fee is low.

But it looks like the situation is improving. Right now you have to pay around  61k satoshis for a fast transaction instead of 80k+ in the recent past.

TIDOVEE
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July 09, 2017, 02:26:00 PM
 #45

what I think one have to do is, convert your bitcoin into Fiat and spend it on daily needs.

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July 09, 2017, 02:41:10 PM
 #46

I really hope btc will be used extensively in many services but with a fee of nearly $ 3 per transaction it is really difficult to deal with dozens of transactions everyday of us. And more importantly, it is the government's acceptance of the btc deal and the fact that btc users know btc as a trading method or not.

The direct usage of bitcoin through transaction is quite a hard thing to do if you don't have a suitable wallet that you trust in regards on transaction. Yes there is always fees in every transaction directly made with bitcoin but I suggest why not have a converter where you are the one who will manage the output bitcoin you will going to used in a specific transaction. Then make every transaction at ones or the same time to lessen the fees or having much bigger fees. Through that you can avoid the Fera of using your bitcoin in a transaction.

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July 09, 2017, 02:44:21 PM
 #47

bitcoin can be used in regular transaction but the biggest problem is acceptance of bitcoin in localities because most of the people(like plumbers,barber etc) don't have knowledge about bitcoin or have a less knowledge. The greatest idea which i have discovered that at first tell them about  bitcoin and then just tell them growth of bitcoin in near future . If you are telling to a cafe owner  just tell to him that price of a coffee is just 3 - 4$ and it will remain 3-4 $ every time, the value of 3 - 4 $ will not increase but if they accept bitcoin (like 3 $ =  0.00118 BTC ) then there will be a chance to to get more (if bitcoin price increases). we know it very clearly that bitcoin's future is very much bright in near future .. so i have applied this in localities people  . I think it will also help you to understand them.
          
      thank you.
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July 09, 2017, 02:51:48 PM
 #48

what I think one have to do is, convert your bitcoin into Fiat and spend it on daily needs.

Posted From bitcointalk.org Android App

Fiat is definitely the established easy way to make purchases but I believe there will be future disruptions in the monetary systems that will not allow credit cards, debit cards and bank accounts transactions. The check process centers, clearing houses and other 3rd parties that are involved with fiat currencies are more vulnerable than Bitcoin. As long as the internet works it would be difficult for bitcoin transactions to ever be stopped.
Warry
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July 09, 2017, 02:55:38 PM
 #49

The biggest fear that many will have is how do we use this currency in regular transactions, like for some fruit, veggies, plumbing or a beer.

So far this seems like an easy issue to resolve. The technology is there, the apps are coming along and there are a few sites that offer auction style sales. The wallets are there and all that is needed are localized people to help local businesses.

The last step is the education. Anyone have good ideas on the best path of education on applicable purchases using bitcoin?
In my opinion, the finest way to solve this problem is that developers make a wallet that is used by everyone and can send Bitcoin directly without fees, that would be awesome Cheesy
TIDOVEE
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July 09, 2017, 02:59:10 PM
 #50

My idea is, one will have to convert one's bitcoin into fiat to allow it for daily and petty transaction.

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July 09, 2017, 02:59:26 PM
 #51

The biggest fear that many will have is how do we use this currency in regular transactions, like for some fruit, veggies, plumbing or a beer.

So far this seems like an easy issue to resolve. The technology is there, the apps are coming along and there are a few sites that offer auction style sales. The wallets are there and all that is needed are localized people to help local businesses.

The last step is the education. Anyone have good ideas on the best path of education on applicable purchases using bitcoin?
In my opinion, the finest way to solve this problem is that developers make a wallet that is used by everyone and can send Bitcoin directly without fees, that would be awesome Cheesy

lol you can already do that, you can already send bitcoin without fee, i don't think you know how bitcoin work after reading your post, by sending without fee now you get your confirmation on christmas if never, fee ensure that your transaction is confirmed faster, learn how bitcoin work please
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July 09, 2017, 05:03:45 PM
 #52

Just look at bitcoin as money and you will know how to use bitcoin in regular transactions. Send money to people is the same as send bitcoin to someone. And we still need some advance technology like internet, computer and smartphone to make a transaction.

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hatshepsut93
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July 09, 2017, 05:10:53 PM
 #53

I have seen some restuarant accepting bitcoin as payment mode even after year not even single transaction done. And also some apps and games were giving payout using bitcoin they also stopped because of recent transaction charge.

Sad, but true. Many places which were accepting Bitcoin turned it down recently because of the high transaction fees or very slow transaction if the fee is low.

But it looks like the situation is improving. Right now you have to pay around  61k satoshis for a fast transaction instead of 80k+ in the recent past.

The situation has improved, because the spam attack was stopped, not because of some updates. Although this attack is used by some people to push their agenda, it's a good model of what will happen when more people will start using Bitcoin. This means that Bitcoins future depends on whether developers will succeed in solving the scaling problem, or if Bitcoin will be forced to be just a digital asset, which is not the end of the world for Bitcoin, because it will still be very useful.

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July 09, 2017, 06:24:38 PM
 #54

we can use bitcoin for regular transactions,but some shops may not accept the bitcoins,and for small things we cant buy with bitcoins.bitcoin value is very high.in future it will surely  small shops accept the bitcoins .
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July 10, 2017, 08:16:52 AM
 #55

I have seen some restuarant accepting bitcoin as payment mode even after year not even single transaction done. And also some apps and games were giving payout using bitcoin they also stopped because of recent transaction charge.

Sad, but true. Many places which were accepting Bitcoin turned it down recently because of the high transaction fees or very slow transaction if the fee is low.

But it looks like the situation is improving. Right now you have to pay around  61k satoshis for a fast transaction instead of 80k+ in the recent past.

The situation has improved, because the spam attack was stopped, not because of some updates. Although this attack is used by some people to push their agenda, it's a good model of what will happen when more people will start using Bitcoin. This means that Bitcoins future depends on whether developers will succeed in solving the scaling problem, or if Bitcoin will be forced to be just a digital asset, which is not the end of the world for Bitcoin, because it will still be very useful.

Hopefully the developers will solve those problems and Bitcoin will become even more useful for people in general than it is now. But I agree that even with existing "problems" Bitcoin is better than fiat in many regards.

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July 10, 2017, 10:26:25 PM
 #56

Just look at bitcoin as money and you will know how to use bitcoin in regular transactions. Send money to people is the same as send bitcoin to someone. And we still need some advance technology like internet, computer and smartphone to make a transaction.
Yes I do agree with you that bitcoin has become the most accepted currency of the world and the value of this coin is increasing day by day now a lot of merchants and schools are taking their payments through bitcoin online payment.

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July 12, 2017, 06:23:20 AM
 #57

In my personal experience here in my country, I used bitcoin transaction for electric bill, water bill and cell phone load and nothing else.
I also want that they also extend there bitcoin payment transaction for online store like lazada.

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nisya
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July 12, 2017, 06:26:23 AM
 #58

In my personal experience here in my country, I used bitcoin transaction for electric bill, water bill and cell phone load and nothing else.
I also want that they also extend there bitcoin payment transaction for online store like lazada.

maybe someday after bitcoin is gets approved by your government and there is many store local and online accepting bitcoin as payment, we can used our bitcoin to buy product in the store. meanwhile, we can still use our bitcoin to buy something in other store online like purse.io to buy what we want. but for now, i think its better to increase our bitcoin first so when the time is come for us to used bitcoin to buy something, we can have much of bitcoin so we don't have to worried if we want to buy with bitcoin.
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July 12, 2017, 08:07:46 AM
 #59

It depends of the user, if the user bitcoin counting of course how a transaction will also change. In addition also affects the Government's regulation can make faster bitcoin use regular.

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July 12, 2017, 08:32:16 AM
 #60

That is easy, always introduce bitcoin to the community and clarify its purpose Wink

A silly question, the OP is talking about using bitcoin in everyday transactions, and that's something that bitcoin can not do at present, look at bitcoin, the speed and the current transaction fee can not be met the needs of life.

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