Apart from trading where else to use crypto?

[jademaxsuy]

Here in my country I can freely use crypto as monthly payment for my billings such as Electricity, water, internet, savings, and tuition fee and those altcoins that I can able to use was Bitcoin, Ethereum, Xrp(ripple), and Bch these are the altcoins that being accepted in the exchange we had it here in my place actually.

Good thing to know that crypto has really put to a good use. I know this also since in our country we could also be able to use these crypto in a form of payment. Yet, the only difference is that payment will not be in crypto instead it will be in fiat. So whenever we transact payment with the local exchanges they will convert it to us from crypto to fiat and complete the transaction.

[sulendra12]

Buying stuff that I need like gadget or for my daily goods. Swap my altcoins through Shapeshift to Bitcoin and we are good to go. There are lots of ways to wasting your cryptocurrency, from shopping until gambling that you can do it all of them.

[Green_Bulb]

Just as usual currency: buy stuff, sell stuff.
Depending on the adoption rate in your country is may be limited mostly to online shopping, though.

[SiFF]

Just as usual currency: buy stuff, sell stuff.
Depending on the adoption rate in your country is may be limited mostly to online shopping, though.

I agree, if more than 0.02 percent of people use crypto for real life purchases the demand and volume go up, and it will lead to more retailers accepting it as currency, an upward spiral. Right now too many people are busy with the pure speculative part than using it as actual money.

[Shishir99]

Many shops are now accepting bitcoin and few other top currency.Recently i have seen people are paying money with bitcoin in hotel and restaurant.I have bought gift card with litcoin from a website.But biggest problem in using crypto as a currency is volatility.

[ShadowBits]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Apart from trading I use my cryptocurrency as my own bank but not likely to save but like to hold and store for a long time if I don't need of that money I would just like to store it for sometime and forget about it.

[olumyd]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Apart from trading I use my cryptocurrency as my own bank but not likely to save but like to hold and store for a long time if I don't need of that money I would just like to store it for sometime and forget about it.

Lol... I for one can't stop refreshing etherscan.io or checking my blockfolio every now and then. I think for me it would be difficult to just forget that I have crypto stored somewhere.

[pixie85]

I'm using cryptocurrencies as a store of value and as a backup. If anything goes wrong in my life there's always that small amount of money that nobody will be able to take from me. That amount that will allow me to reset everything and start my life somewhere else without having to be a beggar. It's good to have getaway money that won't depend on the situation in your country.

[olumyd]

I'm using cryptocurrencies as a store of value and as a backup. If anything goes wrong in my life there's always that small amount of money that nobody will be able to take from me. That amount that will allow me to reset everything and start my life somewhere else without having to be a beggar. It's good to have getaway money that won't depend on the situation in your country.

Dude, that's if that crypto money doesn't reset before you get into that '...anything goes wrong...' kinda situation. Too many people planning too far into the future for cryptocurrencies. Don't get me wrong I may be one of them, but I think it's essentially wrong to think too far even for a technology as nascent as the blockchain let alone cryptocurrencies for which more than 95% of them lack real-world utility.

[aencarnaci]

Why do you buy something you can't use and that doesn't have any real value.
All these projects have one goal: to take your money then dissapear.

Asides bitcoin, and probably may be Ethereum for its smart contract, I really do not see any crypto out there that has any real life usage as far as I am concerned and all we keep having and all they keep providing is just some speculative market for them and as long as that remains, it makes them utterly useless. For bitcoin however, I guess this is the real deal and one we could say at least, we still easily use it as a form of payment and globally supported at large and I wonder why anyone would want to drop that for just some flimsy altcoins.

I'm using cryptocurrencies as a store of value and as a backup. If anything goes wrong in my life there's always that small amount of money that nobody will be able to take from me.

Sounds like a plan but you cannot be sure about that no one could take away from you. Cryptos are more vulnerable for theft and hacking like any other store of value. But, cold storage and having multi key wallets may enable you to protect your cryptos more easily.

[prtty2gal2]

I think the easiest way is to get paid or pay with crypto. You can paint, draw, write, code and many other digital talents you can do and get paid for it, aside from getting paid you can also pay stuff with it. Fiverr accepts bitcoin and you can pay other people to do stuff for you that way, plus expedia accepts bitcoin which means you can pay your vacation and hotel stuff with bitcoin.

Bitcoin is a currency at its heart and "trading" is just making it like a comodity, if you keep using it like a currency you can pay for many stuff, whatever you use dollar/euro there you can use bitcoin as well, it just depends on the acceptence.

[hashshashin]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

You are right, we need more shops and institutions where you can use cryptocurrency as a means of payment, but you need to understand that there are many factors that do not allow it to be done so quickly. It takes time for cryptocurrencies to gain even more popularity and recognition from the community and from different countries.

[Indrawan77]

Its a great concern that crypto that was supposed to be currency, but now most of the coin only can be uswd in exchanges, it quite hard to ask people to accept crypto when a lot of countries still hasn't legalize crypto, there are some shop that accept crypto, but because of the volatility, people prefer to used fiat, I ever see some alt coin that can be used to buy real physical things like msd or vexanium, but its not too popular yet and the developers still afraid of the government

[bering]

Indeed crypto should be use more than trading purposse but there was plenty of online shop which is accept crypto as the payment even you can satisfied your gambling hobbies use crypto but unfortunately these features is not belongs to the people who live in the countries who banned crypto because even they have bitcoin or altcoin but they cannot use that

[GregH37]

There's so many ways to do in crypto not only trading we can use crypto to buy anything we want or to use it as payment that accept cryptocurreny as a payment.

There are transactionary purposes which include any transaction of money like transferring the amount from one country to another, in purchasing of the goods and services and to save value.

There are people who have their extra money saved in banks and there are those who invest in Bitcoin to save it also keeping in mind the return that could be earned simultaneously. To pay bills and to solely hold it for future purposes that is long term investment. There are so many uses as the technology expands.

[arpon11]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Business is not using bitcoin now as a mode of payment and that is because bitcoin price is not stable and we need stability in other to be able to make money from the cryptocurrencies industry.  If bitcoin price can be stable and governments were able to establish laws that can help in cryptocurrencies development 

[StarofBTC]

Here in my country I can freely use crypto as monthly payment for my billings such as Electricity, water, internet, savings, and tuition fee and those altcoins that I can able to use was Bitcoin, Ethereum, Xrp(ripple), and Bch these are the altcoins that being accepted in the exchange we had it here in my place actually.

Good thing to know that crypto has really put to a good use. I know this also since in our country we could also be able to use these crypto in a form of payment. Yet, the only difference is that payment will not be in crypto instead it will be in fiat. So whenever we transact payment with the local exchanges they will convert it to us from crypto to fiat and complete the transaction.

I have been using bitcoin to purchase vacations via expedia. I have went to ukraine this past summer and I have paid my hotels in kiev and lviv via expedia and paid in bitcoins for them.

I have also cashed out some bitcoins while I was there to spend on some extra stuff I did not foresee, there was too many great restaurants in lviv so I had to spend a little too much because I thought I probably won't go there again for a long time and just go other countries so why not just do everything I can while there. There was couple places that took bitcoin so that was great. Basically my vacations are fueled by bitcoin and directly, not cash out and purchase but really just pay in bitcoin.

[Mihaylovic]

there are some projects with real product solutions. they issue utility tokens for it. for example there are real estate projects that you can even buy a villa by using their ethereum based erc20 tokens.but ofcourse they are not yet so much popular.

[sinkfish]

franlky speaking, its nothing much can do besides trading. no like you can really buy grocery with bitcoin right now, except your country currency is way more volatile compare crypto, it hardly can do anything right now. it might have bigger application in larger scales like international transaction.

[CarnagexD]

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Some days ago Ripple CEO announces 3[three] companies which are now using Ripple as a means of payment  https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/, so, ripple is almost there.

   

      One should know how to maximized the market not only on Trading, HODL, Investment either long term or short term, The issue on how to use your Token in general public is still under studies, not all country or Business community are open foe Crypto exchanges in the market as general usage, This the main issue in term of Regulation by government and, Financial Business community. one should learn the market on Crypto Digital Transaction.