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Author Topic: Do you use BTC as a digital currency for paying online ?  (Read 3663 times)
Quidat
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October 19, 2017, 09:56:49 AM
 #41

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?

Satoshi did really create bitcoin solely for peer 2 peer transaction but besides on that purpose bitcoin can really be used on investment which all of us knows about that thing.It can really give the opportunity to make money on just simply on holding it.For now I don't actively spend it on online stuff since I do have target on accumulating bitcoins as much as I can.We do have all hopes on getting rich with bitcoin.
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October 19, 2017, 12:58:11 PM
 #42

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?


As a form of transactions yes bitcoin is good for any transaction, i can buy and sell bitcoin in my wallet. hope the whole world will use bitcoin so that it will less hassle for us and it should be legalize by the government.
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October 20, 2017, 06:16:07 AM
 #43

in my country " Indonesian " not use payment using digital cryptocurrency , because government prohibited.
purchase transaction of goods online or offline must use rupiah currency.

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October 20, 2017, 06:21:34 AM
 #44

Yes for practical and convenient reason as my wallet provider have tons of options to pay bills, bank to bank transactions/withdrawals, money remittances worldwide, government fees and many more.

I’m now stay at home and saving myself from hassle traffic and time consuming fall in line in counters and for security purposes. This is what bitcoin brings to everyone who believes in it, to trust bitcoin is like giving yourself a good and easy life.
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October 20, 2017, 06:32:06 AM
 #45

No, and the only possible case where I can imagine doing so in the near future is buying VPS or VPN anonymously. Credit cards are much more convenient for online shopping. BTC transactions are very slow and the fees are high (or at least were before the Segwit). I think of BTC as an investment only, a kind of "digital gold".
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October 20, 2017, 06:33:57 AM
 #46

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?


Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Dollar, but only available in the digital world. The concept may sound like eGold, though it is actually much different. and for now the possibility of BTC only makes for investment tools like gold, because as a means of payment it is still very difficult in the country where I live it because some companies have not made a payment through Bitcoin.

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October 20, 2017, 06:34:31 AM
 #47

depending on the situation I am facing, I usually do it if it is really true. as a matter of fact I have a bit of an objection if I make payment using btc because I always keep my btc.

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October 20, 2017, 06:41:04 AM
 #48

Some would actually take bitcoin as an opportunity for them to profit so most will invest in bitcoin but if there will be countries that will accept bitcoin and would use it to make payments then I would use it as a digital currency make payments out of it because it was its intention in the first place.
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October 20, 2017, 06:57:31 AM
 #49

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?

In my country we use a exchanges app to convert our bitcoin and buy some stuff online like prepaid load,paying bills and buy some store online that accept bitcoin as a payment. So I think your right they need to legalize the bitcoin in other country to use it as payment.

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Rishabh riyz
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October 20, 2017, 06:12:26 PM
 #50

As per now no online site in my country accepts bitcoins as a mode of payment. So I cannot use bitcoins to buy things online .
Here bitcoins are not considered legal neither they are considered illegal , it's just that the majority doesn't know about it , miners are free to mine and the users use it , the government has nothing to do with crypto currencies here .
If any site or company starts accepting bitcoin I would surely prefer bitcoins over fiat to buy my products.
Now many people including me are using btc as a currency for payment in steam or refilling our steam wallet.
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October 20, 2017, 06:49:06 PM
 #51

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?


There is something that will halt me to use bitcoin and any other type of altcoins as currency. It is due to my government policy regarding cryptocurrency. They aren't allow the use of cryptocurrency as a payment method. And if I break it and got caught, I could be in trouble. Although there has been no concrete action from the government, but still, using bitcoin as a means of payment can cause problems later on. So I must try to avoid it.

as a note :
buying, selling and storing crypto currency are allowed.

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October 20, 2017, 08:53:04 PM
 #52

Honestly no, I do not use bitcoin for online shopping. Yes, initially it was thought of as currency for payment, but I prefer to use it as an investment in long term. So I see a lot more prospects for increasing my capital. And then I'll use it in my purchases with pleasure. Smiley
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October 20, 2017, 09:00:29 PM
 #53

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?


Its something better than gold though I won't advice you buy in bitcoins because you'd start regretting soon after payment that you would have held the coins and it would have been worth much more. Its better you just leave it as a form of investment and then cash out on it once you're satisfied with the accrued profit. Else you can leave it and watch your investment grow.

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October 20, 2017, 10:27:18 PM
 #54

No, and the only possible case where I can imagine doing so in the near future is buying VPS or VPN anonymously. Credit cards are much more convenient for online shopping. BTC transactions are very slow and the fees are high (or at least were before the Segwit). I think of BTC as an investment only, a kind of "digital gold".
You should know that bitcoin transactions are not completely anonymous. And why do you think that credit cards are more convenient for shopping than bitcoin? Transactions made through credit cards can be rejected anytime. You credit card information can be stolen without you noticing and others can easily spend your cash. Credit cards always links to you, so no anonymity for you. And sometimes some regions won't accept your card if you are from a different region. You need to fill too much information before you can transact using your card. Too much hassle compared to bitcoin in my opinion.

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October 20, 2017, 11:55:04 PM
 #55

Honestly no, I do not use bitcoin for online shopping. Yes, initially it was thought of as currency for payment, but I prefer to use it as an investment in long term. So I see a lot more prospects for increasing my capital. And then I'll use it in my purchases with pleasure. Smiley
I think the only opportunity we have is to use bitcoin for online shopping, in fact in my area there is no such offline shop where we can use bitcoin for shopping and for any other purpose.
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October 22, 2017, 03:25:45 PM
 #56

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?
If you want to purchase things with bitcoin,the first thing you must do is to do a simple google search and you will get a list of sites and companies that accepts bitcoin as a mode of payment,if you want to purchase amazon products then there is purse.io and newegg.com also accepts bitcoin and some of the major payment platforms like netellar accepts bitcoin through bitpay, so there are many options to buy things with bitcoin.
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October 22, 2017, 03:36:41 PM
 #57

The things is, there are only a few merchants that accepts bitcoin.  I would choose using bitcoin than credit card if the option is available.

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October 23, 2017, 01:03:45 PM
 #58

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?

Besides being an investment I also often use bitcoin to buy something with online like buying google play gift card and credit phone. It helps me easier to buy it. But i do not see yet big online shop accepting Bitcoin as their payment It will be good if they are.
Aren't you afraid mate to lose the cost-opportunity ?
I mean when you bought the playgift card for example 2 months ago, now you can buy it one more withe the same amount of BTC !
That's something I never want to happen to me.
Of course when it's something small I can close an eye and nothing happens, but what if I want to buy something more expensive ? Huh

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October 23, 2017, 01:14:03 PM
 #59

It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.

Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?

It is true that it was created as a currency for online transactions but it really did not solve anything. For me it just paved the way for online drug dealings more easy for people who never want to be caught. But overall I don't see all online stores accepting Bitcoin. I mainly see Bitcoin as some sort of money making asset in which all people are trying to profit from it and some people don't even use it as a currency anymore because of its transaction fees.

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October 23, 2017, 01:18:41 PM
 #60

Of course, sometimes I buy some electronics and others things and most of them I was paid with btc, also I playing online games, some of them accept bitcoins, for me its easiest payment system, just waiting that time when whole internet will accept bitcoins.
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