nursahath07 (OP)
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November 16, 2017, 02:00:29 PM |
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As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit. Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?
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Lampaster
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November 16, 2017, 02:09:57 PM |
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Trading on the stock exchange is one thing but to use bitcoin to trade is quite another. Until are not created certain conditions we will not see any changes in the use of bitcoin. For trading speed is very important confirm the transaction. For users it is unacceptable to pay a high rate for smaller transactions.
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trako
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November 16, 2017, 02:17:40 PM |
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I think it works fine. constant currency and some payments are made if the btc truth is present in the other party. it is not a system that does not work. This is a very solid evidence that we will also consider increasing interest.
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erik m.
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November 16, 2017, 02:26:58 PM Merited by CloudStrife (2) |
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If you are using SegWit addresses, you will have not much problem making transactions at low fees, but you still have problems if you're looking for something at visa level.
If you don't care about censorship resistant transactions, just use visa.
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Justin Biebers
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November 16, 2017, 02:27:21 PM |
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No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.
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anze
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November 16, 2017, 02:32:17 PM |
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If two people (or institutions for that matter) agree on it, then definitely. Not very useful for microtransactions atm though.
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Astermony
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November 16, 2017, 03:48:30 PM |
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No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.
Actually, bitcoin really works a real transaction online like buying load, paying bills like electric bills, sending money to your loved ones, receiving money from someone, or any other. Bitcoin transaction is fast if you have an internet connection. But of course you cannot use it if you don't have internet connection and you cannot use it to some of the stores that has no computerized system because you cannot really transact there.
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8270thNinja
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busy in real life, long post gap is understandable
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November 16, 2017, 04:54:01 PM |
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As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit. Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?
Ugh I cannot understand it well because of the Grammar but i do get your thoughts. CryptoCurrency knowledge dissemination to all users willl be hard, If there are just schools to certify that someone is a BTC knowledgeable and BTC professional, It will be easier to create seminars about Cryptocurrency.
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Rosscy
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November 16, 2017, 05:11:54 PM |
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I have seen some big stores accept bitcoins as one of payment method. They acceptance bitcoins as real payment for transaction made. So i think with progress of develop dev bitcoin can be more integrated for another stores in future.
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miyaka26
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November 16, 2017, 05:22:00 PM |
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No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.
Then why some stores and other businesses accept bitcoin as a payment for their services? the transactions are slow because of what was happened during the BCH drama and scenario it really drops the btc at some point and some miners jump to BCH that's why fees are getting higher and it is slower but things are going back to normal adding that there is an upgrade that is planning to make btc transaction cheaper and faster the Lightning Network that is in development.
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chukaday
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⚡ Property-secured P2P lending ⚡
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November 16, 2017, 05:30:43 PM |
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If two people (or institutions for that matter) agree on it, then definitely. Not very useful for microtransactions atm though.
Agree the aspect that bitcoin can be used for "real" transactions like other ones are fake to begin with lol. However yeah for transactions that are simple or the fee is a % point that negatively impacts profit then it wont happen. However most transactions above $100 should be do able but this isnt your everyday transaction but still able to function as a payment bitcoin is.
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ralle14
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November 16, 2017, 05:38:53 PM Last edit: November 16, 2017, 05:52:52 PM by ralle14 |
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No, bitcoin can't be used as a currecy to buy things because it's too slow and fees are too high. It's mainly a volatile store of value.
I use bitcoin to buy some stuff like steam games/funds, gift cards,skins it's not that bad when you're getting used to making transactions. Slow confirmation times rarely happen and waiting for a couple of minutes to get a confirmation is not a problem for me. When the fees are high and you can't afford it there's two options, you either wait longer before making a transaction (this is what I always do) or send the transaction with a lower fee and pray that it gets confirmed.
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webtricks
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November 16, 2017, 05:40:03 PM |
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As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit. Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?
So indirectly you wanna know about currency aspect of Bitcoin. As for now, Bitcoin average fees is approx. $8 which isn't suitable to integrate in every monetary aspect of life. Till last year, Bitcoin fees used to be $0.02-0.03 which made it a promising alternative to highly commissioned centralized modes. But as its adoption increased, fees rise substantially. On the other hand, it is still a handy option when it comes to do foreign remittance. As compared to other sources like American Express, Paypal, etc. Bitcoin is still a cheaper alternative. So on whole we could say Bitcoin can't be adopted as universal alternative to existing monetary system but still it has significant importance in Global Economy.
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Dilladupak
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November 16, 2017, 06:05:26 PM Last edit: November 16, 2017, 06:19:43 PM by Dilladupak |
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As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit. Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?
Ugh I cannot understand it well because of the Grammar but i do get your thoughts. CryptoCurrency knowledge dissemination to all users willl be hard, If there are just schools to certify that someone is a BTC knowledgeable and BTC professional, It will be easier to create seminars about Cryptocurrency. In this forum it is clear that all the good people who are high school educated and subordinate classes, there is no prohibition for bitcoin. if you want to help those who do not have education better with your encouragement they will surely understand the problem of crypto money, although they are not educated will definitely be with your help.they will be able . as we experience with many of our uneducated friends with less time we use them they end up with their unanimous determination of wanting them to finally understand the science of bitcoin.
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syahril
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November 16, 2017, 06:08:51 PM |
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I think it works fine. constant currency and some payments are made if the btc truth is present in the other party. it is not a system that does not work. This is a very solid evidence that we will also consider increasing interest.
I think,the transaction with bitcoin is possible sure.Do you know,amazon start to Accept bitcoin for their transaction.They come to know about the bitcoin,so only this is happened.If they accept bitcoin means,the pri increased so.They will get some dollar additionally with that.
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doch
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November 17, 2017, 12:26:12 AM |
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As a matter of fact today people are more advance and educated for accepting electro currency for sake of different activities of economics section but there is problem like so many people still working in different sector by the help of broker for that reason they are not so much knowledgeable for about electro currency or virtual currency. This is a plus point for those brokers for getting more profit. Now for increasing availability of virtual transaction or bitcoins we should take some necessary steps for showing the actual fact and information which help to know about this crypto-currency. If its possible day by day people feel safe and we will see that virtual currency will be used as a real currency.What you think about it ?
Yes of course bitcoin is a digital currency and we know about the real money transaction which is common in through worldwide just like that bitcoin have the ability to be used like money so it also world as a transaction but I am not sure about real transaction because I haven’t experience yet that point in bitcoin.
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brainape
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November 17, 2017, 12:26:50 AM |
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If you are using SegWit addresses, you will have not much problem making transactions at low fees, but you still have problems if you're looking for something at visa level.
If you don't care about censorship resistant transactions, just use visa.
Yes I agreeing with you, bitcoin can be used as a real transaction I think because this is simple that bitcoin is a digital currency so there must be the possibility for the transaction because currency can make transaction and this is the thing the most common in this world of business.
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CuriousGeorge
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KUWA.ai
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November 17, 2017, 12:29:56 AM |
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I think it works fine. constant currency and some payments are made if the btc truth is present in the other party. it is not a system that does not work. This is a very solid evidence that we will also consider increasing interest.
I think,the transaction with bitcoin is possible sure.Do you know,amazon start to Accept bitcoin for their transaction.They come to know about the bitcoin,so only this is happened.If they accept bitcoin means,the pri increased so.They will get some dollar additionally with that. Amazon accepting bitcoin is just fake news, so many people have shared the real information that it's merely a rumour, amazon itself have stated that it's just fake news come from a blogspot. so there's no point talking it, as for now amazon's goods can be bought with bitcoin through3rd parties so don't expect that much.
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Shanmatthew
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November 17, 2017, 02:21:26 AM |
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Yes. Bitcoin really work as a real transaction. As I believe that 'transaction' is where both are gaining benefits. When an individual take a risk and engage his|herself unto this, he or she is expecting for an increase to the money they invest, as well as those who are behind this 'BTC', they are looking forward for more people to be in this field for them to hold a huge and wide variety of people. So it is a real transaction where 'this' and 'that' gain benefits.
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DrGuns4Hands
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November 17, 2017, 02:27:54 AM |
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If you are a risker and has the will to trade, you must go and accompanied with the other legit user too. You must exchange with thoughs and determination of mind as long as you know that you are trading with the perfect user too.
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