marjon
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Activity: 350
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February 01, 2018, 10:46:44 AM |
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At the moment it is not reasonable to use as payments exchanges for goods online due to high fees and price volatility.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Ruthless67
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Activity: 54
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February 01, 2018, 11:24:02 AM |
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There is also a person who sees BTC as a digital currency and also as a future currency, which means that I think it will be a currency that can be substituted for credit cards and cash cards.
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Geemy
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Activity: 350
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February 01, 2018, 11:45:02 AM |
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Yes I deal with Bitquin now as a business like the dollar I most of my dealings on the Internet and the worst everything I need by digital currency now even eating
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Hmei777
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February 01, 2018, 03:18:05 PM |
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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 ?
This is the right way how the coin should be used. As a digital currency that will be accepted worldwide but most probably we haven't reached the phased of the coin where it will be applied as that. Most people are still seeing it as an asset like stocks that can be traded to others. Also not much of businesses are catering bitcoin yet. Maybe by the time that the coin is used as what it is meant for prices will be at 6 digit dollars. yes it is very helpful at all in saving Time, I do not have to bother queue and get congestion in the heat of the sun to pay online bills and online transactions. |
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Ozero
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Chainjoes.com
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February 01, 2018, 08:57:26 PM |
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Now it is still quite difficult to produce some not very expensive household purchases in bitcoin. First, the infrastructure is still poorly developed for this, and secondly, bitcoin is now very slow, with hanging transactions and large fees and this makes it impossible to use it for online purchases. When bitcoin eliminates its shortcomings, only then it will be possible to think about buying everyday goods and services with the calculation in bitcoin. Now basically bitcoin is used as a means of accumulating value. If it is necessary to partially use it, it is translated in the necessary amounts into the national currency.
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DPrillio
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February 01, 2018, 10:10:53 PM
Last edit: February 02, 2018, 03:29:07 AM by DPrillio |
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Now it is still quite difficult to produce some not very expensive household purchases in bitcoin. First, the infrastructure is still poorly developed for this, and secondly, bitcoin is now very slow, with hanging transactions and large fees and this makes it impossible to use it for online purchases. When bitcoin eliminates its shortcomings, only then it will be possible to think about buying everyday goods and services with the calculation in bitcoin. Now basically bitcoin is used as a means of accumulating value. If it is necessary to partially use it, it is translated in the necessary amounts into the national currency.
Yes, sounds like that. Bitcoin transaction or its transfer system is not as fast and makes all delayed in paying process, but if all become stable and system transfer improve and all establishment adopt or accept bitcoin then i think bitcoin will be use everyday in purchasing any goods and services, as of now my bitcoin will be converted into our local money to be use in any online payment. |
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Emerge
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Activity: 854
Merit: 1000
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February 01, 2018, 10:19:14 PM |
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Actually i pay my utility bills with bitcoin, is easy, no fees and everything work just fine.
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laravuemaster
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Activity: 378
Merit: 100
When Football meets Crypto
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February 01, 2018, 10:23:34 PM |
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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 ?
Today, bitcoin is a form of investment but since it is a digital currency then we can use bitcoins to buy products online. Amazon is one of the famous online store who's already accepting bitcoin as a payment method, it only means that cryptocurrency is slowly being accepted in the community |
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PalindromemordnilaP
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February 01, 2018, 10:42:57 PM |
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Been using it already as payment for services, goods and most especially as payment for bills and mobile loads. But most of the time, i used to cash it out to buy for goods where some stores are not accepting bitcoin as means of payment.
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HasHe
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February 01, 2018, 11:03:43 PM
Last edit: February 02, 2018, 01:44:20 AM by HasHe |
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To be honest, i have not yet used it as a payment as mostly its not acceptable in our country. Even i could have used it like that when it's price was low earlier and not now when it's price has almost crossed 10,000 dollars . I do agree that it goes totally against satoshi's vision but we have traveled much ahead of using it as a currency.We have to admit it even its a bitter truth. Even if the transaction fee falls low, this situation would change only a little.
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dzhan
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February 01, 2018, 11:06:39 PM |
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Yes, I used Bitcoin many times for paying some bills online, and for buying some goods and services. I treat Bitcoin as a currency firstly, not only as an asset. Its mainly created to be a currency used to pay online and for making deals and trades, and I prefer using BTC as payment method whenever it is available.
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Remat34
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Activity: 139
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February 01, 2018, 11:09:15 PM |
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Of course I have done this on several occasions. All I could say is that the experiences keeps getting refreshed, thus making me want more of it. For as many that have not tasted this, do today, u are gonna enjoy it all.
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micloop
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February 01, 2018, 11:09:28 PM |
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I've never used Bitcoin as a digital currency. I didn't do that because the price always increase more and more. I don't see any sense doing so...
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blackpete
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February 01, 2018, 11:10:15 PM |
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Currently BTC fees are still too high to use it for every day payments. So I try to use other criptocurrency such ETH or BCC for this purpose.
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Zrs
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February 01, 2018, 11:28:46 PM |
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I use bitcoin as a digital currency for paying online.but a very few site accept bitcoin as a payment method.I also use bitcoin in trading which gives me a lot profit.
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neite99
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February 01, 2018, 11:32:00 PM |
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I have been into the crypto world for almost 4 months and I have never used btc for online payments, I hope to use it but I couldn`t do because the high fees and the lack of places that accept it.
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mrsamuelmills83
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February 02, 2018, 02:32:18 PM |
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I am holding bitcoins for a long time. It will keep gaining value for many months to come because it's not mainstream yet. When it has become mainstream I will use it to buy for things.
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Queen077
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Activity: 294
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February 02, 2018, 03:36:14 PM |
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No, I use bitcoin as paying online to buy anything. Because still my county, not legalize Bitcoin. I wanted to spend it online for buying something, I hope someday I can do it
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Electro_wiz
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Activity: 73
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The revolutionary trading ecosystem
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February 02, 2018, 04:15:56 PM
Last edit: February 03, 2018, 03:58:52 AM by Electro_wiz |
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yes I use btc as paying online.. to buy anything because in our country there is no permission to use btc as our national currency. but I hope in 2-3 year ATM can accept the btc like a currency...  |
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dhka
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Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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February 02, 2018, 04:36:57 PM |
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I have been into the crypto world for almost 4 months and I have never used btc for online payments, I hope to use it but I couldn`t do because the high fees and the lack of places that accept it.
What? 4 months? You have like 448 activities which means more than a year apparently. Bought account?  To bitcoin isnt used as a currency because of its outrageous fee for me, I only use it for investment purposes as well as use it to buy alts LOL |
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