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Author Topic: Anything can be bought by Bitcoin?  (Read 1387 times)
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August 01, 2019, 07:21:38 AM
 #101

If yes Shocked then it will be the nicest thing I have read today, because the only thing restricting the BTC growth is the barricades it has. Trading BTC and using it to buy and sell purpose is the transforming way to bring Bitcoin in mainstream business.
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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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August 01, 2019, 08:21:19 AM
 #102

As of now there is very limited access to services and Marketplaces with bitcoin acceptance. The present market is under the widening phase, so we can expect more to get for bitcoin in the future. Now if we need to buy anything for bitcoin, we can't get it instantly we need to explore and find someone who is providing services in exchange for bitcoin.

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August 01, 2019, 10:28:52 AM
 #103

Anything can be bought by Bitcoin if the seller accepts the cryptocurrency as a mode of payment. In many countries, Bitcoin has started being accepted by retailers and business houses as a mode of payment.
Bitcoin has slowly started catching pace but still has a long way to go in the field of its acceptability as legal or exchangeable tender.
The question entirely depends on two grounds:
•   Whether or not it is legal tender in a country.
•   If the seller or business accepts Bitcoin as an exchange for its goods or services.
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August 07, 2019, 04:42:27 PM
 #104

That's obvious. However, online purchases of US dollars via VISA cards are still in common use because of their usability.
Our world is aiming to use crypto instead of using flat currencies, but Bitcoin seems to be inadequate. Because Bitcoin is a virtual currency that has appeared for 10 years, so it is old technology. I think there will be another currency to replace it in online trading.
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August 07, 2019, 05:59:48 PM
 #105

I am from India. Here most of the people are poor. They don't have any knowledge regarding Bitcoin. Even the rich person who may have Bitcoin can't use Bitcoin for purchasing anything. Today most of the people preferred digital payment like paytm, Google pay, phone pay and many more not the virtual one like Bitcoin.
Yes Bitcoin may have future but not present. You can't buy your household items or daily day to day life things with the help of bitcoins.
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