loopes
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September 30, 2017, 10:45:36 PM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
you are not alone dude, that's still a development of people to fix then we could use our bitcoin to buy / pay something in physical store and restaurants etc. recently i heard that some projects on going to launch to make bitcoin 's users easier while want to use it for buy / pay physical goods also pay restaurant bills as well. on South east asia, it is already implemented in some region. the project regarding this case offer fast transaction with cryptocurrency at physical stores. also enable someone to buy/sell cryptocurrency with fiat at physical stores by real time.
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Casdinyard
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September 30, 2017, 11:03:31 PM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
You can donate your bitcoin to us. kidding! Seriously, I can tell that bitcoin in your country isn't yet legal that's why you can't spend your bitcoin to whatever you want. But honestly, here in my country bitcoin isn't also legal but we can convert our coins into fiat and buy these and those. Maybe you can ask your local bitcoin group if there's a local exchange so you can convert it to fiat. I'm sure there's one.
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Melquart
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September 30, 2017, 11:22:25 PM |
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For me i'm holding it for near future (i hope). In the end only fiat matters now.
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cpfreeplz
Legendary
Offline
Activity: 966
Merit: 1042
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September 30, 2017, 11:23:58 PM |
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It's a new currency. Why would you think everywhere you live would accept something that they have either never heard of or they just don't know much about? You just need to educate people more on what bitcoins are.
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aryaadikariyansyahsuwarto
Full Member
Offline
Activity: 714
Merit: 101
This Is Promissing Project
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September 30, 2017, 11:28:50 PM |
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it certainly can not, not just in your country, other countries are also like that, nobody has received payment with media btc. while bitcoin is still questionable to its legal. I also if I get bitcoin I would exchange to the official currency first, then after that I spend everyday needs.
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naira
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September 30, 2017, 11:34:56 PM |
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it certainly can not, not just in your country, other countries are also like that, nobody has received payment with media btc. while bitcoin is still questionable to its legal. I also if I get bitcoin I would exchange to the official currency first, then after that I spend everyday needs.
That's if we want to use bitcoin in everyday life, exchange bitcoin into fiat is the right choice But if you have bitcoin and want to use it, use your bitcoin by investing or trading
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nejibens
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September 30, 2017, 11:38:36 PM |
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I think your best decision will be holding your bitcoins into your secured wallet for long period, or at least till the price go up again highly. This way you make a good profit with lowest risk
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Cloud27
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September 30, 2017, 11:39:59 PM |
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Be a tourist, why not travel the world and see the best tourist destination. Search and study the country if they are accepting the bitcoin for payment. You can buy anything you wanted like jewelries, paintings and other things that are valued as an investment.
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Cocobrayy
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September 30, 2017, 11:52:49 PM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
Indeed with fiat money we can be free to buy anything in our country, but with bitcoin online makes us easier in transactions. because we do not have to bother coming and ordering goods in stores or elsewhere. You just sit sweet while waiting for an order at home.
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colvis
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September 30, 2017, 11:52:57 PM |
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you are not the only facing the issue, but if you are finding it difficult to make use of your bitcoin you can equally change it to your local currency by selling it to those who need it, by so doing you will be able to make use of the money and settle your needs.
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Sadlife
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September 30, 2017, 11:55:53 PM |
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The problem is actually quite simple in fact i have this same problem and immediately solve it. The answer and the way to use your bitcoins in to convert it to fiat im sure that there some exchanges that lets you convert cryoto currency to your fiat depending on the country. In the US people has coinbase, bittrex, etc. In japan they legalize bitcoin and you withdraw it in exchanges or wallet providers. You just have to search what wallet providers or exchanges that supports your country.
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Mazda17
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October 01, 2017, 12:38:01 AM |
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what are you serious ?, you can trade your Bitcoin into cash, if you need it, and of course you can make it into investment, you're a collection now and then you sell it 3 or 7 years ahead ..
If you are serious about the business then you can sell it (coins you have) as long as you can profit and also can invest whenever you want. You do not have much thought how and what you should do with the bitcoin, you just look for solutions and opinions from many people, then you can act further in the future.
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DoublerHunter
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October 01, 2017, 12:46:03 AM |
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You can diversify your bitcoins into different altcoins in the market where you can make your investment in bitcoin as an investment again in different kind of altcoins because they are also fast growing and they can easily give you profit once their prices pump. If you will choose the good coins for an investment then you will earn not only in bitcoin but also in altcoins.
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cng-
Newbie
Offline
Activity: 23
Merit: 0
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October 01, 2017, 01:12:55 AM |
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1) hodl 2) "invest" in ICOs 3) gamble with it 4) bankroll casinos with it 5) lend it out at margin exchanges
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coinholic
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October 01, 2017, 01:26:30 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
Bitcoin is more of an investment wherein you let its value hit the roof then exchange it for fiat. Its use is very limited in the real world compared to fiat which is used for all kinds of tradings and transactions. To fully utilize its value, BTC must be converted into fiat. And this is actually the goal or reason for most who's into Bitcoin.
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alfs75
Full Member
Offline
Activity: 392
Merit: 100
platform for everyday business
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October 01, 2017, 01:50:23 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
There are many things you can do your bitcoins currency,like used it to exchange other kind of coins or trade it into different kind of coins like bullcoins ,altcoins,or maybe you joined in mining and campaign investment,there are many things your bitcoins currency would do,the important is you earned and your happy what you are doing in life and no one you will not hurt.
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rcoins0720
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October 01, 2017, 02:17:25 AM |
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yess I feel you bro rigth now despite of its price growing and growing there is not much we can do unless you go to trading and invest on ICO's or something or put up a business using bitcoin to exchange in money
it is risky yess but the possibility of you to rise is there and your money is not lying around your wallet
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bololord
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October 01, 2017, 02:36:31 AM |
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Besides keeping it to raise in value later. There is not much I can do...
With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.
Am I the only one facing this issue?
For now im still earning hehe but i advice to you if you have a lot of bitcoin just invest becuase as you see the value of bitcoin is continiously to increase so that's why it's a good opportunity to invest now if you want to become rich someday.
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kamina87
Member
Offline
Activity: 89
Merit: 10
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October 01, 2017, 02:42:57 AM |
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Currently, the market is in the stage of formation and development, it takes a long time to market stronger and then the BTC will be included in widely traded globally. Currently, Japan and some other countries have accepted the BTC payment there. What you are experiencing is not unique in your country but most of them are experiencing that situation but they are still researching and in the future BTC will become legal.
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Doms
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October 01, 2017, 03:03:48 AM |
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You might have to wait longer for your wish to come true as bitcoin is being treated by many more as an investment rather than a currency. Some merchants have already considered accepting bitcoin as payment but their feasibility studies doesn't give them a positive result. Well that is for now as the infrastructure won't allow it yet and the transaction congestion might be another factor.
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