Can you use Bitcoin as a practical currency?

[Junluyna]

This is like double edge sword for vendors as well as customers.its exactly like giving your shares against something.Which means if the market value decreased it is in loss and if it increased it's loss to customer.But customers are getting something whoose market value is zero after buying or that value is constant.That is unfare and we find out solution to that, it can be used as practical currency.

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[chrisnewsome]

I think that you can use Bitcoin as a practical currency than the current currency since there are business establishments and banks who are now offering cryptocurrency as a payment. I think it would be more economical than the current currency and less hassle.

[gabmen]

Yes, of course we can use it as a practical currency. Because people in the cryptocurrancy world most often use Bitcoin for most of their transactions online, we can also save and withdraw through Bitcoin wallets or any application that uses Bitcoin for any purpose in our lives in the future.

Not at this point in time though. With fluctuations that are far more violent than other markets, it would be hard to consider it as a currency for now. It's more of an asset with the way you can make profit with the right buy and sell tactics.

[sublime5447]

What people say is true, ads are getting smarter. Okay, suppose I am not aware of that and return to the topic, as far as I know there is no mainstream payment processing industry or bank that accepts payments using Bitcoin. Using Bitcoin as a payment tool won’t be so difficult if we are used to the patterns and conditions of Bitcoin.

[wallstone]

Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:

There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.

• Some users lack the infrastructure required to use bitcoin
  Some users lack the knowledge required to use bitcoin
  It will not be a good solution for day to day purchase
  It takes time to process a transaction that is why it is not practical at all
  Not many stores accept bitcoin as a payment either online or offline
  Stability in pricing
  Strong network infrastructure required for its payment to process

Now I want to purchase my Pizza using Bitcoin
What do you think brothers?

Using bitcoin as mode of payment is depend upon the physical store. However if the physical do not accept you can still convert it to other mode of payments. It would not be difficult to used it in transaction. Online payments is too mainstream in kind of era.

[SlashEject]

No, you cannot really shop through your credit card and spend Bitcoins from there yet but hopefully, we'll get that opportunity in the future. Bitcoin is still in it's developmental stage in terms of adoption among the mass. So, we need to be patient. Once there are enough people who are holding Bitcoin or at least want to spend them, we will definitely have options to buy with our Bitcoins through credit cards.

[royromales]

I think yes because I want to make a big deal with bitcoin because I just hope that my money will grow and want to use my money with bitcoin so I can earn more because I want to go through all the difficulties and want if I use my money here in bitcoin

[ballexplorer]

At present it is difficult to use the BTC as a daily means of payment.
There are not enough shops that accept cryptos as a means of payment.

Reasons in my view: The Bitcoin is still far too volontile. The transaction takes too long and the fees are too high.

Imagine you're paying $ 3.50 in a cafe. and you have to wait for minutes until the transaction is confirmed. In addition, the head of the cafe at the end of the month 20% less taken because the price has just fallen by 20%. How should he then pay his staff and his lease.

[virendarnagpal]

Bitcoin can be used as a practical currency at the places where there are no government restrictions.  Where there are commercials / places / shopes / malls accepting bitcoin in exchange to their services / commodities. 
But where shopkeepers do not accept bitcoin there it will not be a practical currency.

[Sumo]

It seems to me that it is too early to use bitcoin as a currency. This may not be beneficial to you. Remember the pizza story.

[fattyforhire]

I would be in your place in no hurry, as you can face a number of difficulties when paying for bitcoin purchases. And it can not be called a profitable solution, especially when the market is in a drawdown.

[minhlee95]

I have not yet been interested in this issue, as I use a long-term investment strategy. But now I'm starting to think that I would like to buy something with bitcoin just for fun. But I will wait for the price increase.

[InvestICO2L]

if in your country bitcoin is legal then it is good to use buying and selling of an item just by using bitcoin especially the progress of bitcoin which is so fast for example we can buy something now only with Bitcoin online Just google it and you will find it.

Yep, it depends much on the government and the current situation of your country guy. Evidently, if a country which has acceptance of government for using bitcoin legally in daily like the way fiat money does, definitely you may use digital currency and buying and thing you want. Moreover, it relies on the number of people in your country, how many people will be keen on bitcoin payment?? Indeed, people are accustomed with using bitcoin for paying online, and I think this is one of the most popular means of paying by bitcoin till now, but it's a bit more limited. Anyway, through the strong development of digital currency, sooner or later we can take bitcoin as a practical currency.

[IndigoRed]

But isn’t bitcoin already being used as an actual currency? There are companies and merchants already accepting it as a form of payment. Plus, there are bitcoin ATM machines popping around the world. That’s enough evidence to support the legitimacy of bitcoin as a digital currency, right?

[toast]

Visa, American Express and Mastercard are not offering payments with cryptocurencies, at least for now. You can make purchases with BTC online though in quite a lot of online stores. Just google them and you'll find it.

very lucky investors who the government in their country has legalized crypto currency as the prevailing currency and for now bitcoin cannot directly do the payment system directly because in my country bitcoin is prohibited from making transactions directly in the transaction process

[warning_btc]

Nobody dont do this.
All before cashout to regular fiat moneys then use it as practical currency

[adpinbr]

practically thinking, of course it is practical. your only investment is time and that's it. you dont need money to start working on bitcoin

[sheenaedago]

practically thinking, of course it is practical. your only investment is time and that's it. you dont need money to start working on bitcoin

I think bitcoin built as a practical motivation in every people, a great opportunity that rarely come in every lives. We only have to spend more time and patience in this investment and be aware on waiting till the bull run.

[cryptocashexpress]

Yes, Already there are many services which come and accept the bitcoins and other cryptocurrencies. I am sure it gain more popularity and craze in a next few years.

[doodle07]

As long as it is not restricted in the place where you use it, yes bitcoin can be a practical currency. But it always depends on how they deal with bitcoin or crypto currencies, as long as they accept it you can use it, for now few have been accepting bitcoins, you can use it if you convert it into fiat.