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Author Topic: Do you use cryptocurrencies in your daily life? Are they useful?  (Read 14296 times)
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November 25, 2019, 01:15:26 PM
 #441

I must admit that I am not too happy with the way I use cryptocurrency in my daily life.
As a rule, these are exchange operations allowing me to get some fiat means of living, or gambling.

All this is just about financial speculation, not much different from similar speculation with ordinary money.
But this is the essence of technology at the current level.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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November 25, 2019, 03:35:34 PM
 #442

In a daily basis yes, but only for reloading my phone to able to call. I pay my internet bills with crypto in the monthly. It is very useful as for now- I don't know when it will last but I am maximizing it's utilities for now. Another is I send money to my relatives using crypto and it is the best thing that I liked about, less fees and instant transactions.
It's the same thing as mine, I don't usually use cryptocurrency that much since services offering the use of it here is not yet dessiminated and active. Our country is still struggling on accepting cryptocurrencies as a legal currency wherein it could actually help many people in different ways. Convenience and less tax can be observed with your transactions in crypto that's why it is very important that we do all the things possible to convince our fellow countrymen to agree and legalize the use of cryptocurrencies all over the globe.
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November 25, 2019, 03:54:16 PM
 #443

No, I do not use cryptocurrencies in real life, because in my country it is impossible, there are no appropriate services and infrastructure. I hope in the future the situation will change and people in my country will use all the advantages of cryptocurrencies.
It is normal for most of the countries in this world to not have enough places that accept cryptocurrency as a mode of payment. They are still skeptical with the cryptocurrencies because they believed that it is more on the side of liability rather than an asset because of the volatility of the market. In the future, as the cryptocurrency will be known worldwide, I believed that it will be accepted as payment option like how people accepted and uses credit cards.

Even in the developed nations, stores that accept Bitcoin are few and far between. And unfortunately, there have been hardly any growth during the last two years. Some of the stores and merchants that used to accept Bitcoin have removed the option recently (examples are Stripe and Steem). And in the developed world, in many of the countries making payments with BTC is not even legal.
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November 25, 2019, 05:02:23 PM
 #444

Here in India, it is very difficult to use cryptocurrencies in daily life, due to legal complexities and lack of options. And in my case, I am residing in a small town and here hardly anyone is knowledgeable about Bitcoin. So in order to spend my coins, I need to convert them to fiat cash first (through various peer-to-peer mediums, as exchanges are not available in India). 
That is not the case with India alone. As far as I know, even the biggest countries of the world have not legalized bitcoin and only few companies all over the world give option to purchase stuff in bitcoin. So just give some time before decentralized crypto currencies go mainstream. At present, it is more important to grab these coins instead of utilizing them. After all, it is profit that has brought investors here.
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November 25, 2019, 05:31:38 PM
 #445

No, I do not use cryptocurrencies in real life, because in my country it is impossible, there are no appropriate services and infrastructure. I hope in the future the situation will change and people in my country will use all the advantages of cryptocurrencies.
It is normal for most of the countries in this world to not have enough places that accept cryptocurrency as a mode of payment. They are still skeptical with the cryptocurrencies because they believed that it is more on the side of liability rather than an asset because of the volatility of the market. In the future, as the cryptocurrency will be known worldwide, I believed that it will be accepted as payment option like how people accepted and uses credit cards.

Even in the developed nations, stores that accept Bitcoin are few and far between. And unfortunately, there have been hardly any growth during the last two years. Some of the stores and merchants that used to accept Bitcoin have removed the option recently (examples are Stripe and Steem). And in the developed world, in many of the countries making payments with BTC is not even legal.
In my opinion, what is happening on the cryptocurrency market today greatly affects the development of the infrastructure for users to use cryptocurrency in everyday life.  Especially we are talking about the lack of stability.  No business is active in this direction to give people the opportunity to buy goods for Bitcoin.  Nevertheless, there are still such resources where Bitcoin is one of the desired form of payment.  But this is a very big rarity.

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November 25, 2019, 08:52:57 PM
 #446

Few days ago I read some article about bitcoin usage in cities around the world, `10 cities that are bitcoin hotspots` direct link : https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp
To make a short list:
City:                     Merchants              ATM's
                            accepting bitcoin     

1. San Francisco    177                        29   
2. Vancouver          86                         48
3. Amsterdam        74                           1
4. Ljubljana           51                            5
5. Tel Aviv             58                            4
6. Zurich               64                            8
7. Tampa               93                          13
8.Buenos Aries      130                           3
9. New York          122                       117
10. London             88                         74

This is updated list, if you can find some list from 5, or more, years ago you will see that adoption is happening. Maybe we are not making some fast progress for now, but once we get into some higher speeds we can expect price to skyrocket.

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November 26, 2019, 02:35:47 AM
 #447

Few days ago I read some article about bitcoin usage in cities around the world, `10 cities that are bitcoin hotspots` direct link : https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp
To make a short list:
City:                     Merchants              ATM's
                            accepting bitcoin     

1. San Francisco    177                        29   
2. Vancouver          86                         48
3. Amsterdam        74                           1
4. Ljubljana           51                            5
5. Tel Aviv             58                            4
6. Zurich               64                            8
7. Tampa               93                          13
8.Buenos Aries      130                           3
9. New York          122                       117
10. London             88                         74

This is updated list, if you can find some list from 5, or more, years ago you will see that adoption is happening. Maybe we are not making some fast progress for now, but once we get into some higher speeds we can expect price to skyrocket.
We don't have any medium of promotion through advertisements and other media's. This means the progress in adoption won't happen in supersonic speed. It reaches one person, further the next and in a slow phase it continues without getting stopped. The same is what we're experiencing at present, and hope each and every cities around the world has got at least one shop accepting bitcoin by the end of 2020.

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November 26, 2019, 03:32:47 AM
 #448

Still use bitcoin for investing and trading, I can't use bitcoin for buying some thing because bitcoin still illegal transaction payment. But I keep fun with bitcoin only available for investing and trading only because I can keep get much profit with cryptocurrency world, without can't use for transaction payment I have available option using cash money.

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November 26, 2019, 05:17:25 AM
 #449

I using my bitcoins in terms of paying bills every month and buying some goods and services but there are still issues that I keep experiencing like high transaction fees and traffic in the network. I think some of the people will see it as not inconvenient because of the factors like transaction fees and the confirmations.
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November 26, 2019, 05:42:13 AM
 #450

As a trader using cryptocurrency as a means of payment is not acceptable in my country alternatively I exchanged my cryptos to fiat via a reputable and trusted exchange for my daily life ie payment for goods and services I hope to see shops accepting cryptos in the nearest future in my country.

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November 26, 2019, 05:58:19 AM
 #451

As a trader using cryptocurrency as a means of payment is not acceptable in my country alternatively I exchanged my cryptos to fiat via a reputable and trusted exchange for my daily life ie payment for goods and services I hope to see shops accepting cryptos in the nearest future in my country.
Wide acceptance might happen anytime soon. We do see how crypto grows and there's a big possibilities that more and more businesses will accept and adopt this system. For sure most business owners are also eyeing and reviewing the potential of this market, they will soon adopt and accept the system
and cater crypto holders. For now, there's already online shops who accept crypto better to support them to have more attentions.

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November 27, 2019, 04:59:09 AM
 #452

Nice. I personally love it. Every time i see that some service is available via crypto payments i do it that way. First i dont disclose my information, and it is quick and safe.
Crypto over card payment every day!
Regularly use cryptocurrencies through the services available, they are really useful and convenient, I quite like privacy so when trading cryptocurrencies will support me. In addition it is also very fast. Although the current situation of my country has not accepted cryptocurrencies, in the future if these services are expanded, there will be a lot of benefits and people will participate in this market more.

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November 27, 2019, 06:22:12 AM
 #453

As a trader using cryptocurrency as a means of payment is not acceptable in my country alternatively I exchanged my cryptos to fiat via a reputable and trusted exchange for my daily life ie payment for goods and services I hope to see shops accepting cryptos in the nearest future in my country.
most people will do this if it is related to the regulation of their country. in fact, I also do the same thing when I want to use crypto for use.
For me, Cryptocurrency is very useful. it's just that I can't use it for my daily use because it will decrease my use on fiat. so, so far exchanging it for fiat is something I can do to use it.


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November 27, 2019, 01:58:42 PM
 #454

As a trader using cryptocurrency as a means of payment is not acceptable in my country alternatively I exchanged my cryptos to fiat via a reputable and trusted exchange for my daily life ie payment for goods and services I hope to see shops accepting cryptos in the nearest future in my country.
Wide acceptance might happen anytime soon. We do see how crypto grows and there's a big possibilities that more and more businesses will accept and adopt this system. For sure most business owners are also eyeing and reviewing the potential of this market, they will soon adopt and accept the system
and cater crypto holders. For now, there's already online shops who accept crypto better to support them to have more attentions.
In the next few years, I can see that the cryptocurrencies will be one of the most accepted payment option whether it is online or offline because of its transparent and fast system. We are still in the development phase for the blockchain technologies and once it gets done then the acceptance for cryptocurrency will follow.

 
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November 27, 2019, 02:05:15 PM
 #455

Here in India, it is very difficult to use cryptocurrencies in daily life, due to legal complexities and lack of options. And in my case, I am residing in a small town and here hardly anyone is knowledgeable about Bitcoin. So in order to spend my coins, I need to convert them to fiat cash first (through various peer-to-peer mediums, as exchanges are not available in India). 
That is not the case with India alone. As far as I know, even the biggest countries of the world have not legalized bitcoin and only few companies all over the world give option to purchase stuff in bitcoin. So just give some time before decentralized crypto currencies go mainstream. At present, it is more important to grab these coins instead of utilizing them. After all, it is profit that has brought investors here.

Well.. I would agree.. but the situation in India is much more difficult when compared to the other countries. Although Bitcoin is not explicitly banned here, there are a lot of difficulties in trading and owning Bitcoins. Bank accounts are not permitted to be used for Bitcoin-related activities and all the local exchanges were forced to close down their operations.
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November 28, 2019, 07:36:32 AM
 #456

In fact, I exchange crypto daily with my friends and clients. by everyday I bargain low to buy bitcoins and sell the next day at a higher price to those who need it. We only trade in small circles and I make a lot of money from it.
Besides, I don't use crypto to pay for any kind of service because it's quite inconvenient and almost no kind of service accepts cryptocurrency. I think this is only available in developed countries like the US, China, Russia, ...

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kotik085
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December 25, 2019, 02:59:52 PM
 #457

With the pleasure of making Bitcoin profit, I get what I want in real life. In everyday life, we need to use means to make our lives easier.
onrise
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December 26, 2019, 06:24:02 AM
 #458

With the pleasure of making Bitcoin profit, I get what I want in real life. In everyday life, we need to use means to make our lives easier.

Hope one day all the countries will start using and making the legal the crypto currencies which will ease the people to start using the bitcoin or other crypto in their daily life’s. Also the merchants would start accepting it easily and people would prefer to using crypto across the world rather than carrying the fiat currencies or cards.


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AndySt
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December 26, 2019, 07:16:53 AM
 #459

My answer is no at this point in time. The current reality does not involve everyday use. Let's hope that there will be changes for the better.
Harriti
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December 26, 2019, 08:13:08 AM
 #460

I used to use crypto to trade with some of my friends about items. Although my country strictly prohibits trading in crypto, since we are both traders in the crypto market, we can trade with each other through the implementation of coin transfers and direct delivery. This is pretty cool and it's not much different from trading via e-wallets. but the fee that we pay in crypto payments is higher than normal so I think it still has not reached the basic human requirements.


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