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Author Topic: Can you use Bitcoin as a practical currency?  (Read 1740 times)
swifer
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September 10, 2018, 08:16:16 PM
 #121

You can lose money using Bitcoin every day, even if you don't sell it, the price can be lower and you will pay more Bitcoin for the same item. Try it only if you have a store that accepts the closest Bitcoin and if you have a good budget.
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swaggerkeme
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September 10, 2018, 08:43:25 PM
 #122

This is the future we are all hoping for. The time will surely come when bitcoin can be used  practically and virtually for all business transactions in the world without any hindrance just as fiat currency is used.
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September 10, 2018, 09:13:42 PM
 #123

I am not in any way opposing to your preference for using bitcoin as a practical currency. I just don't find it reasonable. Bitcoin as a currency has it's setback; it's value is very much unstable and transaction processing is way too slow. I am a firm believer in bitcoin as a speculative asset - a get-rich-quick scheme. This is the very reason why i'm determined on holding bitcoins.

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September 10, 2018, 09:19:10 PM
 #124

I used my cryptocurrency in real life by transferring my funds from a bitcoin wallet to my bank account.
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September 10, 2018, 09:23:45 PM
 #125

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?

will in this scheme maybe bitcoin can we used a practical currency but in selected choices only, and its  depends on its usefulness in the market,therefore being a practical also can depends on the country and its regulation about this cryptocurrency,otherwise if its not allowed of thats country to accept bitcoin because of different technology,then the being practical currency could not be used.

PrissMCclen
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September 10, 2018, 09:47:27 PM
 #126

I believe this will transpire very soon,  as cryptocurrency grows,  it's a gradual process

Tachyon Protocol      >      The New Internet in Your Hands
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cryptofeel
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September 11, 2018, 05:17:07 AM
 #127

There are many reasons why at this time, you can begin to put the bitcoin to daily use however, there could also e some snags.The market' s price has so far for  a relative period hovered between the $6-8k  however, many things affect the daily ease of use like acceptability amongst business partners. However, if you are able to find one who will accept it then transacting business with the person as per need is possible.
CoinsGazer
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September 11, 2018, 05:54:36 AM
 #128

Encrypted digital currency such as Bitcoin is undoubtedly a beneficial attempt for the future monetary system, but any monetary system must first be adapted to the current level of human productivity, technology, and culture. Under the existing centralized production, centralized administrative human productivity and superstructure system. There are still many problems in the use of distributed currency as a universal currency.
jhony525525
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September 11, 2018, 06:03:41 AM
 #129

I am using bitcoin for buying and selling while it can also be trade for USD so it is a practical currency for me and many like me are having enjoying in crypto and it is the base of crypto market when it's price fall the whole market crash with it.
pat4cryptoreal
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September 11, 2018, 06:15:21 AM
 #130

Using bitcoin in day to day life depends on your country of residence, your cycle of friends both offline and online and your level of exposure in the cryptocommunity. I have purchase severally with bitcoin. It may not be applicable in some countries.
FTIFoundation
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September 11, 2018, 06:31:46 AM
 #131

Yes, most definitely. Leave alone purchasing small products or services. People are having large scale business deals with the currency as bitcoin. It doesn't end here, there are so many amazing alternative coins to bitcoin as well, from which you can make purchases.
Kristinalopez
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September 11, 2018, 06:58:17 AM
 #132

For countries that prohibit Bitcoin activity or cryptocurrency. Cryptocurrency can't be exchanged as currency. That only happens in legitimate countries.
Phan Long
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September 11, 2018, 07:15:23 AM
 #133

I agree with this idea. Bitcoin is only suitable for large transactions, not suitable for small daily transactions. Because Bitcoin is a virtual currency, it does not have a real value, it needs daily transactions that require modern infrastructure, people's education, government consent, etc.
Vaflia
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September 11, 2018, 07:20:52 AM
 #134

In fact, there is no good way to use bitcoin or any other coin as money right now. There are big commissions everywhere.

nacareng
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September 11, 2018, 07:24:49 AM
 #135

In my opinion Bitcoin is used as a practical currency. People in the cryptocurrancy world most often use Bitcoin for most of their transactions online. Today, more and more organizations are starting to accept payments for goods or services with Bitcoin.

gajebo
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September 11, 2018, 07:35:13 AM
 #136

If now in your country bitcoin or crypto have been legalized it is very good to use bitcoin to buy and sell goods, but if for now I still use bitcoin as an investment tool, because in my country bitcoin or crypto are still illegal.
tot-o
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September 11, 2018, 07:49:50 AM
 #137

There are individual who are doing private home business and they are accepting Bitcoin as payment... You just have to look for them near your location... We have in our community who sell cupcake for Bitcoin..
tradcoin
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September 11, 2018, 09:58:30 AM
 #138

Still I don’t have sufficient knowledge about it. But as far I am concern there is no such an opportunity to use bitcoin via American express or Visa. But I believe it can be usable if there is an invention of any application.
LastHope99
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September 11, 2018, 10:46:30 AM
 #139

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?

Paying with btc is quite hard these days, but it's excellent for sending money to your friends, for example. Fast transactions to any point in the world. A great use case is already available to everyone.
swaggerkeme
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September 11, 2018, 11:10:02 AM
 #140

You can always use bitcoin, anyhow you want it just like the usual fiat currency. This is possible if the people you are dealing with understand how blockchain technology works. So you need to educate the people around you about how amazing bitcoin is, so you can easily transact businesses with them.
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