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Author Topic: You can actually buy a lot of things with Bitcoin  (Read 1716 times)
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January 27, 2018, 08:06:52 PM
 #21

Quite a few domainers accept Bitcoin in payment for domain names, and that includes me. Smiley

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January 27, 2018, 08:27:29 PM
 #22

Bitcoin really is replacing the local currency to some extent, i personally have purchased goods from overstock and made the payment through bitcoin. It was a fun experience and from that day i just wish that the transaction problems get fixed and i get to use this wonderful service more often.
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January 27, 2018, 08:32:01 PM
 #23

I laugh when people say that spending Bitcoin is not economical or possible due to high transaction fees or scaling issues.  This week, especially, as transaction fees have been surprisingly lower than weeks past.

I, personally, use Bitcoin to buy plenty of things. I pay my rent in Bitcoin. I top up my phone credit using bitcoin via bitrefill. There are a couple of restaurants here on this tiny little island that I live on that accepts bitcoin. I buy online digital goods with bitcoin. And mind you, some of these transactions are under $20. Personally, I don’t mind spending a transaction fee (lately) for my purchases, as they have been pretty low.
Laugh at people who think bitcoin is not economical? Nope. Laugh at people who are stupid idiots and don't believe in Bitcoin at all? Hell yeah.
Pay rent using bitcoin? Well that's something new that I have come across and sounds totally cool. Awesome.
Using bitcoin for paying off such expenses would actually be really convenient if you have a real life job and almost half of your expenses are covered here and you can live a luxurious and lavish life.
People can buy almost every thing on this forum itself, given you just find the right person to trade with. So yeah.


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January 27, 2018, 09:06:40 PM
 #24

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

In the United States, there are Reeds Jewelers, One Shot Hotels, Holiday Inn, and even pizza locations, restaurants and more. You can even use Bitcoin to buy addictive drugs, gambling, bullion, or even donate to charity. This is the reason why I like BTC.
We know this but there are two problems.

1. The fees and the speed of confirmation. You cannot buy anything small anymore when the fee is 20 or 30 dollars and the price of what you want to buy is 5 then it does not make sense to use bitcoin.
2. Adoption, Yes we can order stuff from the internet but there is no store near me that accepts bitcoin payments at all.

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January 27, 2018, 09:30:14 PM
 #25

Yes You can!  But I`d frather use the ETH or LTC than BTC due to its coparable slow transaction speed and ig fees! through such a servise like
CoinPayments.net You can choose what crypto to pay for. 
People are using those alt coins alot since the high transaction fees and slow transactions associated with it. But being able to use bitcoins to pay things all depends on the retailers who accepts it in the first place.

 
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January 27, 2018, 09:32:25 PM
 #26

I laugh when people say that spending Bitcoin is not economical or possible due to high transaction fees or scaling issues.  This week, especially, as transaction fees have been surprisingly lower than weeks past.

I, personally, use Bitcoin to buy plenty of things. I pay my rent in Bitcoin. I top up my phone credit using bitcoin via bitrefill. There are a couple of restaurants here on this tiny little island that I live on that accepts bitcoin. I buy online digital goods with bitcoin. And mind you, some of these transactions are under $20. Personally, I don’t mind spending a transaction fee (lately) for my purchases, as they have been pretty low.
Laugh at people who think bitcoin is not economical? Nope. Laugh at people who are stupid idiots and don't believe in Bitcoin at all? Hell yeah.
Pay rent using bitcoin? Well that's something new that I have come across and sounds totally cool. Awesome.
Using bitcoin for paying off such expenses would actually be really convenient if you have a real life job and almost half of your expenses are covered here and you can live a luxurious and lavish life.
People can buy almost every thing on this forum itself, given you just find the right person to trade with. So yeah.

I guess it’s situational. While some of my purchases are $20 and under, the majority are more. In order for me to pay rent using fiat, for example, I would have to bank wire funds from the US into a bank account in the country I live in. The wait time would be 5-10 business days and the fees would be roughly $25-40US. Bitcoin transactions for my rent cost less and take no more than a couple hours. In situations like this, it makes sense for me to use bitcoin over fiat. Is bitcoin economical to buy a cup of coffee or a meal at a fast food joint? Hardly, but for me, those aren’t the types of transactions I use bitcoin for, so again, it’s situational, I suppose.

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January 27, 2018, 09:36:47 PM
 #27

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

In the United States, there are Reeds Jewelers, One Shot Hotels, Holiday Inn, and even pizza locations, restaurants and more. You can even use Bitcoin to buy addictive drugs, gambling, bullion, or even donate to charity. This is the reason why I like BTC.

Yes I can  buy all things through bitcoin. Bitcoin now is the most popular money. BeCause the value is very expensive. Especially when the price is getting higher and higher. Which people monitor now, waiting for the pump of bitcoin. Everybody's excited for the expensive price of bitcoin  in the end of this year.l beleive in bitcoin, this is the year to bless many people to be a millionaire at bitcoin.
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January 27, 2018, 09:41:48 PM
 #28

Of course. it is not in doubt. see the very fantastic bitcoin prices make people who have bitcoin. will be able to buy as many items as he wants.
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January 27, 2018, 09:45:15 PM
 #29

Valve which offers Steam as their platform to buy games for PC used to accept Bitcoin but due to high fees they removed this option. While you can buy many things with bitcoin you cannot buy PC games anymore with it and that is a minus. There is a whole big international market of gamers which Valve wants to stay out of bitcoin. If bitcoin remains as a payment there even people who don't know bitcoin would see this option when buying games and they would be at least curious to read what it is. This is like closing a door to a wider youthful audience for bitcoin.

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January 27, 2018, 09:51:03 PM
 #30

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

In the United States, there are Reeds Jewelers, One Shot Hotels, Holiday Inn, and even pizza locations, restaurants and more. You can even use Bitcoin to buy addictive drugs, gambling, bullion, or even donate to charity. This is the reason why I like BTC.

yes of course you can buy anything with bitcoin
like in this news, you can buy Commercial Japanese Building in Tokyo with bitcoin
https://www.ccn.com/japanese-building-in-tokyo-will-be-sold-at-547-bitcoin/
because purchasing properties through banks will cause a very large fee
so now many realtors have started to accept bitcoin for large-scale payments as well

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January 27, 2018, 10:13:36 PM
 #31

The beauty of using bitcoin as a payment, is the ability to send it around the world. Everyone is being connected without any middle man.you have your own bank account and you can own your bank account for fee. It was great and cool, using bitcoin as a payment. Just one swipe and there you go.
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January 27, 2018, 10:18:48 PM
 #32

Now I can not buy a lot of things right now. But in my country this is only being implemented. And soon everything will be possible
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January 27, 2018, 10:19:39 PM
 #33

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

It may come as a surprise but the world isn't revolving around the USA. I mean it's all fine that there are so many merchants accepting it in your country but here in Europe it's almost impossible to buy something directly with Bitcoin. Even gift cards that you can buy in the US for sites like Amazon.com don't work for Amazon.uk, or Amazon.de. It's a shame Europe is so far behind.

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January 27, 2018, 10:21:13 PM
 #34

yes we can even when the bitcoin started it is used already as payments to some merchants who accept bitcoin.  It would be nice if the fee is low not outrageous though.
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January 27, 2018, 10:30:26 PM
 #35

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

In the United States, there are Reeds Jewelers, One Shot Hotels, Holiday Inn, and even pizza locations, restaurants and more. You can even use Bitcoin to buy addictive drugs, gambling, bullion, or even donate to charity. This is the reason why I like BTC.
That's absolutely righ. Fact is that, you can now buy more thing unlike before because the market value of Bitcoin at this moment is way higher than its market price 5 years before. But since its value is expected to be more expensive in the future, you may obviously buy more things from it when its value starts to rise again. And in a line with that, transactions are decentralized so I am hoping that it won't be involved on illegal things.
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January 27, 2018, 10:35:16 PM
 #36

Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.

It may come as a surprise but the world isn't revolving around the USA. I mean it's all fine that there are so many merchants accepting it in your country but here in Europe it's almost impossible to buy something directly with Bitcoin. Even gift cards that you can buy in the US for sites like Amazon.com don't work for Amazon.uk, or Amazon.de. It's a shame Europe is so far behind.
Out of curiosity, how are countries like Switzerland when it comes to accepting Bitcoin? I remember about a year ago there was a ton of hype around some initiatives that the Swiss were taking in order to make their country more accessible to people who were using digital currencies. But I'm personally not surprised that the rest of Europe is so far behind, considering that they're not as interested in cryptos and more interested in trying to maintain the EU, or that's at least the last thing I remember EU countries caring about. I don't know the politics in Europe but it doesn't seem like they're doing anything but trying to salvage their economies.
bit_smoke
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January 27, 2018, 10:35:56 PM
 #37

Is it really worth using BTC to buy things when the fees are increasing so much? I wish alts like LTC or DASH would get more adoption!
posoa
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January 27, 2018, 10:59:11 PM
 #38

Yes, you can actually buy a lot of things in the country where i come from with your bitcoin, especially in shops and big organisations that accepts bitcoin, almost all accepts bitcoin.A lot of people still spend their bitcoin in acquiring valuables, i recently witness a member use his bitcoin to  buy some thing very precious that is worth over $500 and that is very important to note. Accepting bitcoin for on line transactions  by many countries is still a proof that bitcoin can be use to buy and transact business on line, many people are on daily basis transacting online using bitcoin that is generally accepted for that, so also it be use to buy things as well.
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January 27, 2018, 11:18:28 PM
 #39

bitcoin is not just as a digital currency and an asset commodity, but one of the goals of bitcoin is as a means of payment, Satoshi thinks that the goal will be easy to realize, but after the world is known, many countries are resisting bitcoin, even against.
but I do not agree if bitcoin is used as a means of payment to buy drugs, crime, and also gambling. it is the state's duty to manage and regulate bitcoin.
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January 27, 2018, 11:36:53 PM
 #40

yes i can buy anything that i want .. Grin
Actually, there are some store on online and offline started to accept bitcoin and I think it is a good news to all bitcoin users. On the other hand, as of now you can't used your bitcoin to buy all things that you want because there few store that already accept bitcoin as payment of their costumer.
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