Zadicar
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March 16, 2017, 07:49:34 AM |
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For shopping I would certainly use Bitcoin over fiat and the main reason is anonymity. There are two big problems at the moment: unconfirmed transactions and the small number of people using Bitcoin. What I'm wondering is how are these shops accepting Bitcoin making profit if a catastrophe like Bitfinex happens and there's suddenly a price freefall of +$300? Shops that have been accepting Bitcoin years ago might have had profit over time because of the increasing price, but a quick fall of it would create problems for the owners, wouldn't it?
This is the main thing why owners would really hesitate to accept bitcoin as a form of payment for their goods because they are afraid on the volatility of bitcoin which they know they can lose profit anytime when bitcoins price would drop to the bottom.Bitcoin can be used on some stores but as of now its not possible on all parts of the world. |
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ralle14
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Metawin.com
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March 16, 2017, 08:18:00 AM
Last edit: March 16, 2017, 08:35:17 AM by ralle14 |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
I simply choose fiat at this point because with bitcoin you would be forced to pay high fees every transaction if you don't put high fees your tx have a high chance of getting rejected. It's just more hassle imo as the network is flowing with countless transaction. |
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ladydark
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March 16, 2017, 08:26:32 AM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
I would definitely use fiat in shops.Bitcoin has proved to be an ever growing currency.It has doubled in the last six months from $650 to $1250.I used to save my bitcoins for future of my family.May be bitcoin price may double in the next six months and it may reach $2500. |
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CyberKuro
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March 16, 2017, 09:06:09 AM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
Since bitcoin price reach $1200 level and cause higher fees and it takes a long time to confirmed, I can't imagine how we could use it for buy an apple in a shop which it need more than (in fiat money) normal price to buy it as you need to pay higher fee too. Another reason such as you have mentioned, people tend to save their bitcoin as long term investment due to the price grow up over time, so I vote for fiat money too. |
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YuginKadoya
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Activity: 3038
Merit: 1169
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March 16, 2017, 11:04:27 AM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
Since bitcoin price reach $1200 level and cause higher fees and it takes a long time to confirmed, I can't imagine how we could use it for buy an apple in a shop which it need more than (in fiat money) normal price to buy it as you need to pay higher fee too. Another reason such as you have mentioned, people tend to save their bitcoin as long term investment due to the price grow up over time, so I vote for fiat money too. Well Fiat Money is convenient for all people because it is the most use and not all can surely relate with bitcoin, and I think that the first fiat money that has been use in the galleon trade back then was just shell ornaments and silver, back then there are no specific currency for some countries that are not advance and back then it only needs the physical money for the transaction of trades and people then are more familiarize with fiat back then up till now! |
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Dr.Osh
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Sugars.zone | DatingFi - Earn for Posting
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March 16, 2017, 11:12:53 AM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
I would definitely use fiat in shops.Bitcoin has proved to be an ever growing currency.It has doubled in the last six months from $650 to $1250.I used to save my bitcoins for future of my family.May be bitcoin price may double in the next six months and it may reach $2500. it was a good choice. the thought of it makes me want to keep my bitcoin in a very long time. in addition, it may be a loss if expenditures by using bitcoin, because as we get time, the price of bitcoin is increasing. may be within 6 months, the price of bitcoin can grow half of the price. |
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marketone
Legendary
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Activity: 1302
Merit: 1000
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March 16, 2017, 11:30:21 AM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
It depends on demand because right now there are very few shops who are accepting bitcoin and cost of each product will also be high when compared to fiat. Once competition arises in between the shop for accepting bitcoin than many people will start using bitcoin when compared to fiat. |
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xSkylarx
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March 16, 2017, 12:25:29 PM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
I would still use fiat, because bitcoins price is always fluctuating, so, I could lose profits by using it on buying stuffs online, that is why if I could use fiat to buy the certain stuff that I want to buy, I would prefer to use it over bitcoin. It is important to make wise decisions on using our bitcoin just like this, we don't need to use it on something like this if we do have another option, and we don't need to convert it if we don't need it, if the price gets high, it doesn't mean we have to convert our bitcoin, that is what I mean. |
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Mpamaegbu
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Activity: 2688
Merit: 1208
Once a man, twice a child!
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July 09, 2017, 01:39:33 PM |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
I will like to make a little analogy here as this: Bitcoin is money with intelligence while fiat is money in paper form. That's the way I always simply put it. If I were to choose between both as a means of payment, I will choose Bitcoin. It's easier for me in terms of doing transactions. |
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haroldtee
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July 09, 2017, 01:44:49 PM |
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I will definitely choose bitcoin. I may keep having the idea that the value may increase tomorrow, but then that is how trade and life is. Good luck to the person at the receiving end. But if I keep leaving my bitcoin without spending, then when will I eventually spend it? When the value is $10000 and I start hearing that the price may get to $1m. I can't spend bitcoin when I'm old and gone, so what is the point. Use bitcoin, buy more when you have some fiat to save and you still not loosing anything.
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