cramcram21
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June 28, 2019, 04:05:52 AM |
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I think it all depends on your place because there is still some country that bans Bitcoin.
And there is still some seller who doesn't know Bitcoin so you couldn't pay everything or everyone with it.
Yes Bitcoin has been known by many people and being accepted by some company but that doesn't mean that everyone would know it and everyone would accept it.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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bitzizzix
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June 28, 2019, 04:37:50 AM |
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I have never made a purchase using Bitcoin because I have not found a purchase or payment using Bitcoin in my country of residence, and I also did not look for it before Bitcoin was developed in my country of residence to be used as a legitimate payment method in stores or anywhere and with like that I'm sure security will be guaranteed.
for now I only do the bitcoin exchange method with fiat so that I can use it to buy whatever I want and everything is there.
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cipherhut
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June 28, 2019, 05:56:16 AM |
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In the mainstream exchange Bitcoin's use as a mode of payment is considered in the very rare scenario but if compliances allow then anything can be bought by Bitcoin.
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MbakNarti
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June 28, 2019, 06:08:43 AM |
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I think we all already know about the ultimate goal of bitcoin, in addition to digital assets, namely as a means of transactions to sell and buy like money. But it still needs a time process, and how long? We all have the same questions. The answer is very simple, in the future. And actually your review has answered your own question.
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maydna
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June 28, 2019, 07:17:18 AM |
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For now, we can buy something on the internet with bitcoin for a limit product and limit store online. But I think there is an offline store which can allow us to use bitcoin to buy their product. But if in the future, there are many countries or even all countries is accept bitcoin as the new payment method, then we will see bitcoin can be used to buy anything. Unfortunately, until that time comes, we can only sell the bitcoin and exchange it into fiat so we can use fiat to buy anything. I think that will give a benefit to us because we don't have to sell all of the bitcoin we have, but we only sell some part of bitcoin into fiat, and we can save the rest of the amount of bitcoin.
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bitzizzix
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June 29, 2019, 10:14:40 PM |
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So far there is nothing I can buy with Bitcoin because in the country where I live I have not found sales with payments using bitcoin.
I only do the bitcoin exchange method with Fiat to be able to make a purchase.
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Shenzou
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June 29, 2019, 11:14:41 PM |
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By Bitcoin started buy and sell products in the market many days ago. By Bitcoin can be bought a lot of product now. Example such as, From Overstock.com, any kind of product can be bought through Bitcoin. Many such business entities currently accept Bitcoin as currency and sell their products. Homes has been sold by bitcoin in various countries. By bitcoin can also be purchased product on many online websites, and Amazon and BMW accept bitcoins.
It is assumed that, at this time using the credit card instead of the money, Bitcoin or any other cryptocurrency will be used instead of money and credit cards in the future world.
Even though bitcoin has came a long way in terms of acceptance, but it is still hard to find places or at least some of the major retailers that we are used to go to everyday for our needs still don't accept it, that is why we still feel that bitcoin has sill a long way to make before being accepted, you might be able to go to some place and pay with bitcoin in the US but in other countries that is still not not the case, and for that to change i believe that major online shops like amazon and eBay should start accepting so that we can say that bitcoin is widely accepted. |
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denasha92
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June 29, 2019, 11:33:42 PM |
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So far there is nothing I can buy with Bitcoin because in the country where I live I have not found sales with payments using bitcoin.
I only do the bitcoin exchange method with Fiat to be able to make a purchase.
It means in your country bitcoin and other cryptocurrency is only used as a commodity of digital assets that can be traded and regulation in the country you're not allowed be used as a payment tool to buy something cool so that the seller does not dare to serve a payment with bitcoin |
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Oceat
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June 29, 2019, 11:43:46 PM |
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Yes, Bitcoin can be used to buy anything what you want as long as any merchants accept Bitcoin as a payment for their product/services. And it is already happening before if you would just do a quick google search and you will know that most of the product/services offered Bitcoin as a payment option.
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RomanPetrush
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June 29, 2019, 11:58:19 PM |
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Oh cmon. Just find on the main bitcoin web site some stores and airlines, hotels what accept cryptocurrency for payments. In my country for about 5 years, Airbaltic accepts bitcoin.
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Janation
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June 30, 2019, 02:31:55 AM |
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So far there is nothing I can buy with Bitcoin because in the country where I live I have not found sales with payments using bitcoin.
I only do the bitcoin exchange method with Fiat to be able to make a purchase.
Most of the countries too. There are some stores that accept BTC here but I don't usually want to use it since I have enough money to spend in my wallet and I just wanted to save or hold them than use them. As long as that merchant or person knows the value or the price of BTC, he will be accepting that but if they don't know what it is, they will obviously not accept that. |
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fiulpro
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June 30, 2019, 02:36:19 AM |
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Actually you can just buy very limited things with Bitcoins considering which country , which place you are in, it is very difficult already , companies might think about making it a payment option but let's be honest we never see it online.
Very few , like once in a thousand ...
That too the options are not Soo varied...
Therefore the only place it is to convert it into fiat first and then buy , it's just at places like Japan where you can go to any store and ask if they accept Bitcoins , in most it is not possible to do so ...
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Dapper
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June 30, 2019, 04:51:52 AM |
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Perfectly happy with converting to fiat first. The thread should have an added note, you cannot buy anything with btc, but you can buy anything with btc profits.
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sent from my X6
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Irvinn
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June 30, 2019, 06:09:41 AM |
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Perfectly happy with converting to fiat first. The thread should have an added note, you cannot buy anything with btc, but you can buy anything with btc profits.
In any case, it all depends on who And how much Bitcoin is at its disposal. If the savings are not very large, then it is a pity to use Bitcoin for any purchases that may later cease to be necessary. Better to get a good income, kept Bitcoin for a long time. Especially today there are not so many opportunities where you can use Bitcoin for some purchases. |
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shoreno
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June 30, 2019, 06:15:30 AM |
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Perfectly happy with converting to fiat first. The thread should have an added note, you cannot buy anything with btc, but you can buy anything with btc profits.
In any case, it all depends on who And how much Bitcoin is at its disposal. If the savings are not very large, then it is a pity to use Bitcoin for any purchases that may later cease to be necessary. Better to get a good income, kept Bitcoin for a long time. Especially today there are not so many opportunities where you can use Bitcoin for some purchases. Its not about the number of bitcoins but its the ability of buying anything . the guys simply explains that fiat is still the mighty currency because anything can be bought at it while on bitcoin not all stuffs can be buy yet but i know that in the future when bitcoin is fully known by the world that was the time that it can be accepted by any merchants or any stores but right now only limited items can be bought with bitcoins and most of them are digital ( e.g in game currencies , prepaid recharge , etc .. ) |
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bitbunnny
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June 30, 2019, 06:24:13 AM |
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In theory yes, everything could be bought with Bitcoin. But in real life the problem is that not much merchants are accepting Bitcoin, especialy not in phisical stores. Bitcoin is still not enough accepted as a payment method.
One of the solution is Bitcoin debit card that could be used for payments everywhere for everything but that is not direct Bitcoin payment.
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samsul1234
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June 30, 2019, 07:37:00 AM |
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this is really very good news, we all here definitely want someday bitcoin will become the official currency of a country and not only that all ATMs will use bitcoin
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ancafe
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June 30, 2019, 12:20:56 PM |
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In theory yes, everything could be bought with Bitcoin. But in real life the problem is that not much merchants are accepting Bitcoin, especialy not in phisical stores. Bitcoin is still not enough accepted as a payment method.
One of the solution is Bitcoin debit card that could be used for payments everywhere for everything but that is not direct Bitcoin payment.
you're right, in general, you might be able to use bitcoin to buy what you like. only, the development of bitcoin as a medium of exchange in the real world did not develop so large. not so many people accept it. but, there are various ways that you can use bitcoin as a medium of exchange. |
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XCANA
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June 30, 2019, 12:30:14 PM |
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Even at that, that will be for the future because there are still stuff that needs small amount of Bitcoin to purchase but due to Bitcoin high fee, it makes it difficult to purchase such Minor items with Bitcoin at present, but with the LN we can be rest assured of everything be purchase by Bitcoin.
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LogitechMouse
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June 30, 2019, 01:37:16 PM |
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As long as the sender and receiver agreed that it will be paid thru Bitcoin then yeah.. ANYTHING.
At this moment, few establishments and online sites right now are accepting crypto maybe because they are afraid of its volatility that can cause them to loss more than to gain.
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