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Author Topic: Can you use Bitcoin as a practical currency?  (Read 1882 times)
infested999
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September 10, 2018, 01:17:58 PM
 #101

There are many ways to pay with bitcoin online. Recently a friend of mine bought a city break using bitcoin as a currency

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September 10, 2018, 01:29:31 PM
 #102

Yes. At least I think that Bitcoin or other crypto currency can easily be used as a currency i.e. by replacing flat money.
Crypto currency is a internet based currency. You can use crypto currency any time if you have a internet connection. It will be definitely very easy if you pay your payment by crypto currency.
Everything is getting digitalized day by day. If the transaction system is also get digitalized then it will be good for all of us.

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September 10, 2018, 01:38:08 PM
 #103

Yes.In fact, I've been using it to pay my bills, e-loading, online selling and buying and money transfer.I do not need to go stay in a long line just to do my transactions.Using bitcoin is convenient and fast.
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September 10, 2018, 01:40:53 PM
 #104

I know Japan and Japan are two countries accept BTC in the payment of goods and services, but in some countries and including my country BTC is not really accepted, that is the real thing that I see

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September 10, 2018, 02:20:25 PM
 #105

If you have a internet connection. It will be definitely very easy if you pay your payment by crypto currancy. bitcoin is widely used for transactions of goods and services.
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September 10, 2018, 02:26:33 PM
 #106

No I can't use bitcoin as practical currency because our country never accepts bitcoin but people convert bitcoin others currency which is acceptable in my country.

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Ezenwanyi
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September 10, 2018, 03:10:22 PM
 #107

I would  love to see bitcoin being used as a payment means for goods and services.
But as it is now,  I cannot  use it because it is not yet generally  accepted as a medium of exchange.

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September 10, 2018, 03:11:50 PM
 #108

I find Bitcoin about as practical as my previous forex brokers.

It's difficult to use for everyday transactions, like you might do with a credit card.
But it's easy to use for large international transactions, like sending a bank transfer between countries or paying for something online.
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September 10, 2018, 03:14:36 PM
 #109

If what you meant by "practical currency"  is fiat then the answer is no.
This is because bitcoin is a decentralized virtual currency and that is what makes it bitcoin.
You remove it and bitcoin will cease  to exist.
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September 10, 2018, 03:15:36 PM
 #110

This can be done, if you are a good investor, the transition from virtual currency to reality is very easy. You can use it to pay for electricity bills or shopping, tickets to the tournament, etc. These are some examples of how to use bitcoin in a practical way. Have you tried this yet?
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September 10, 2018, 03:22:13 PM
 #111

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:

Quote
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 Cheesy
What do you think brothers?
Bitcoin is a practical and timely currency the only reason it is not is because it not fully understood by many people over the world. If given the proper support for the dessimimation of proper information probably it can even take over fiat currency.
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September 10, 2018, 04:17:24 PM
 #112

I already have many uses bitkoin.S every year will be more and more.Tem more than that, and some countries have planned for 2019 crucial steps.
NuttyOracle
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September 10, 2018, 06:17:12 PM
 #113

To tell the truth, In my nations, there are not scope or use of Bitcoin in real life use.When i go to buy a product, they not accept bitcoin unlike international online market.
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September 10, 2018, 06:34:32 PM
 #114

Now it’s not possible to use for daily purchase. But I wish in future this is possible for purchase anything by using bit coin. everywhere every people will accept bit coin.




I think naturally, you might not be able to handle bitcoin physically but can transact via the internet or via bitcoin ATM. You can also buy whatever you want to buy using this tool.
It depends on the physical you are talking about.
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September 10, 2018, 06:38:40 PM
 #115

of course, every holder of bitcoin can use it as a practical means of payment, only in this case I am amazed by its large variability, if it will be possible to get rid of it, it will become the best currency in the world, in my opinion
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September 10, 2018, 06:48:02 PM
 #116

As bitcoin is a digital currency i think it is difficult to use it as a physically in other words practically but it is very easy to use it as a safest mode of transactions while purchasing or trading any thing.

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September 10, 2018, 06:58:10 PM
 #117

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:

Quote
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 Cheesy
What do you think brothers?

As already discussed, the bank payment options can't handle bitcoin for now. I don't even think they will in the future, because most of the banks consider bitcoin as a strong competitor (which is partially true).
However, here is how you can use bitcoin as a practical currency:
- Make payments online. Just set up your digital wallet and make payments wherever bitcoin is an option. Even if you have BTC on your account but can't make a payment, you can exchange your BTC into the preferred currency and make payments with it.
- Use bitcoin ATMs. They are available in around 60 countries of the world.
- Make payments via bitcoin terminals. Thousands of merchants now accept bitcoin payments in the stores. You just make the payment (e.g. using your mobile wallet) via the bitcoin terminals.

Good luck!  Cool
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September 10, 2018, 07:45:44 PM
 #118

Right now the number of transactions per second the bitcoin network can handle is very low, so they're working on off-chain solutions like Lightning to make it a lot faster, so it can then be used for practical purposes. It will probably be a couple of years before lightning is actually working at a large number of retailers though.
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September 10, 2018, 08:00:47 PM
 #119

Everything has its time. Now calculations using Bitcoin are practiced only in a few countries. But their number is growing every year. I think, soon you will buy your pizza  Wink
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September 10, 2018, 08:13:47 PM
 #120

To some extent i think is that is no going to happen in near future because bitcoin is the decentralized currency and mostly banned around the globe rather then some countries open hearted welcome it.and the bitcoin value would fluctuate continuously and if this happens the huge amount of bitcoin holders would buy the most of the states as their private property land and do anything they want so that no gone happen.
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