Bitcoin used for its actual purpose

[want0606]

 yes i agree bitcoin is used for real purpose. To pay faster and safer. Bitcoin is also used to invest for profit purposes. You can use it for other purposes such as business or travel

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[chiggz]

I live in one small Indian city.  My experience here is that people are using bitcoin just for investment purposes with the single motive of earning higher returns on price hikes.  Most of the shopkeepers here will not accept payment if offered in bitcoin.  May be in big cities like New Delhi; Mumbai; Chennai etc people may be using bitcoin as payment because there people are economically; educationally; very much forward so they must be using it as mode of payment in addition to investment purposes.

But now more and more people are getting connected to bitcoin so in very near future I expect that most of the Indians will be using bitcoin as payment mode in addition to investment purpose.

You are right and wrong. Indian people just think about investment and getting rick quicker. Hardly anyone knows how Bitcoin works here or its real world case. I live in Bangalore and there is like one restaurant here that accepts Bitcoin now which I doubt if they are still doing it. But a lot of seminars and meetups are being held by Techies on Blockchain technology and how the same can be implemented for real world use cases which I feel is a right step taken. On the contrary Bitcoin was mainly created as a decentralized currency. But due to its scaling issues I don't think anyone would use it that way though. Also the fee in Dollar is like $10 which translates to almost rs 600 which is the daily wage of a Indian common man:(

[asus09]

unlike what you think, I think bitcoin will only be an alternative means of payment in some countries. perhaps in the future, there will be many countries that involve crypto for an alternative means of transaction. yes i believe it. currently the development of bitcoin is quite rapid, in the future there will be many innovations involving bitcoin and other crypto.

[jseverson]

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

in my country especially in Bali, bitcoin use as a payment at a local store but unfortunately, I don't have the experience about this and maybe later if I am visiting Bali, I will take the chance to pay a cup of coffee with bitcoin. but in the rest city, I don't think that bitcoin is used as the payment. but personally, I use bitcoin to withdraw to fiat and sometimes I used bitcoin to buy electricity tokens with bitcoin. I heard in Jogjakarta, bitcoin is used as a payment for a coffee but unfortunately, I cannot find that cafe.

I hate to break it to you, but paying in Bitcoin is already banned in Indonesia. It seems to be especially strict in Bali. You may read up on it here:

http://www.thejakartapost.com/news/2018/01/15/bank-indonesia-police-prevent-bitcoin-transactions-in-bali.html

It's interesting how you mentioned Bali, and that's exactly where the crackdown is. Is Bitcoin trading really that proliferate there? I know Bali attracts a lot of tourists all over the world, and they may be foregoing buying your national currency because they can get away with Bitcoin payments. That could be why your government is upset about the whole thing. It would be great if we could have a local's input on this.

[Clifmeister]

Good point... Sad how Indonesia has banned Bitcoin trading instead of making a way to get it taxed..

[nedeken01]

The main purpose of bitcoin when its created by Satoshi Nakamoto is for Bitcoin to be used as a payment, in Japan bitcoin is legalized and free for people to use, the only 2 thing i noticed just recently is the slow transaction and a high transaction fee which could make people run from btc.

[deciphertron]

Some online business is already accepting bitcoin as payment. But the problem I think is the security of bitcoin users which their bitcoin wallet is very volatile to hackers. But these feature can be improved I guess, I do believe that most BTC Exchanger sites are working on it. Maybe in few months or a year bitcoin will be popular and be accepted even buying on retail stores.

[West0813]

So far here in our country i don't know anyone or any business that are accepting bitcoin as a mode of payment. But i hope in the future there is a business that will accept bitcoin as payment to their service.

[Tapyaks72]

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

in my country especially in Bali, bitcoin use as a payment at a local store but unfortunately, I don't have the experience about this and maybe later if I am visiting Bali, I will take the chance to pay a cup of coffee with bitcoin. but in the rest city, I don't think that bitcoin is used as the payment. but personally, I use bitcoin to withdraw to fiat and sometimes I used bitcoin to buy electricity tokens with bitcoin. I heard in Jogjakarta, bitcoin is used as a payment for a coffee but unfortunately, I cannot find that cafe.

I hate to break it to you, but paying in Bitcoin is already banned in Indonesia. It seems to be especially strict in Bali. You may read up on it here:

http://www.thejakartapost.com/news/2018/01/15/bank-indonesia-police-prevent-bitcoin-transactions-in-bali.html

It's interesting how you mentioned Bali, and that's exactly where the crackdown is. Is Bitcoin trading really that proliferate there? I know Bali attracts a lot of tourists all over the world, and they may be foregoing buying your national currency because they can get away with Bitcoin payments. That could be why your government is upset about the whole thing. It would be great if we could have a local's input on this.

Yeah hopefully this is not true, anyway this country was not able to perceived what is good things about BTC, it just like your country having many dollars coming in into their economy. in our country BTC is a welcome development.For a country that were a lot of overseas workers because bitcoin is a good medium for money remittances since it is economical and fast.

[Metherry]

bitcoin is investment coin more than buying. people use bitcoin to invest it and sell it when price rising.
Thus, many are betting on the future and that the currency will have a bright future, or what is known as a store of value.

i know too many coffee shops stop accepting bitcoin because no one ready to send them bitcoins with very high fee for buying coffee.

The more people know about digital currencies, they will appear using the dollar for daily use, but this depends on fees and the extent of fluctuations.

i think only Venezuela use bitcoin as  currency.

[ukw]

I think that in many countries in Europe there are places (cafes, restaurants, shops, etc.) who accept payment with cryptocurrencies.

[Kprawn]

Here in my country I can make use of payment processors and basically buy anything that other people can buy with cash.

We also have pubs, where we build a tab and then drink until the tab is filled. {just work better to reduce the miners fees, not

to charge per transaction... but this has to be pre-arranged with the pub owner} There are also tons of things that you can

buy on the Dark Web with bitcoins. 

[BlackPanda]

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

There are many places that use Bitcoin today, but they are not organized yet and may be known only to certain communities. Usually they receive payment with Bitcoin and also real cash so that Bitcoin is usually used as an alternative as payment. Maybe there needs to be a regulation that can manage everything, Bitcoin can actually benefit all parties as long as it is arranged appropriately and does not harm some parties.

[dhrazzen]

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

When we are going to search in the internet there are lots of store or shop accept bitcoin, but it is not yet known by everybody simply because bitcoin is not legalize worldwide and some countries ban bitcoin. But sooner or later I know bitcoin will conquer the world of cryptocurrency. Bitcoin will be accepted and used worldwide.

[LeveldKrypto]

I think that the price is flactuating to much now for it to be a stable currency. When the whales have sold out, the price have dropped and the coins have been devided on more people, the price will stabilize more.
Until then for me its simply an asset to trade with, and way to risky to spend on bread and milk.

Who wants to be the next 10.000usd pizzaguy?

[jdl0930]

 Bitcoin is  used to pay for a variety of goods and services. Bitcoin can obtained  either by trading other money, goods, or services with people who have them or through mining.

[zhekinsp]

Well,I will say bitcoin is not yet ready to be used as a currency.No one is willing to wait for hours until the transaction get confirmed and the fee is high like $10 for a single transaction and it is not affordable fee when we buy something for $2 worth of product.So we are in the early stages and rarely people using bitcoin as the payment.
In my country no where I can pay in bitcoins still now.I think atleast 5 years needed form now to start using bitcoin as regular fiat currency.FOr now it is only investment for me and many people as well.

[CarylnBoy]

Bitcoins that we know are unorganized and can only be known to some communities, Bitcoin is often used as a payment alternative. Bitcoin can be really beneficial to all parties as long as it is properly arranged and does not harm some parties. In the future, bitcoin will be accepted and developed by the world and used all over the world.

[Yakamoto]

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

I know there are a few places around here in Canada that are using Bitcoin "properly" as a currency but the entire thing hasn't really caught on in an insane way. It still remains mostly niche for what it is, and in a way, I'm fine with that since there isn't anything to really detract from the overall impact and influence it has on the community while it remains in its infancy. There might be a bit more growth when it comes to places that will accept Bitcoin in the future, but for right now the small homely aspect of it makes me feel a lot better than it would if it was a massive and ubiquitous thing.

I think the Swiss were also using Bitcoin quite significantly as well, but don't quote me on that.

[heyfranzen]

In my country when some of the users receive a money they change it into real money so they can buy here in our own market. Some, buy a food in store or things for their family because bitcoin money is not accepted at any store.