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Author Topic: How many bitcoiners on here have actually used bitcoin/crypto for commerce?  (Read 1739 times)
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October 29, 2019, 11:53:02 PM
 #21

I've used crypto lots in the past but the strange thing its not always progressed like many would expect with the price.   So it was a thing in tech that retailers would offer BTC as an option but they stopped doing that at some point, due to volatility perhaps it was or the time scales to confirm payment ?   not sure

  I used to use the alt coins even but I think the bigger pay processors for crypto cut back on that and only offered Bitcoin and the cash fork also.    Then recently the place I used most dropped crypto altogether, I did stress to them I wouldnt be using them for a long time because of this and unfortunately it has made it far less likely.   I do still see BTC pop up places, like my 18650 batteries will done in Bitcoin next probably.

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October 30, 2019, 12:40:35 AM
 #22

Never use btc to buy some stuffs but been using it to pay my bills and use it as a gift to my brother who seems to have a knowledge about cryptocurrencies. Though I am looking forward to spend it to some useful things that I need in the future maybe in some online shops. Like many others here, I considered btc as a store value and/or as a digital asset so I am more on pro holder.
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October 30, 2019, 12:48:21 AM
 #23

I sometimes use crypto in paying bills, sending money, or paying my other crypto friends whenever I run out of cash. There is no sense of saving it if you are running out of cash to spend to. But, if you can buy something using fiat and if you can save your crypto, then it is better to use fiat since crypto has a chance to pump anytime and it has a great long term potential.

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October 30, 2019, 02:35:05 AM
 #24

I sometimes use crypto in paying bills, sending money, or paying my other crypto friends whenever I run out of cash. There is no sense of saving it if you are running out of cash to spend to. But, if you can buy something using fiat and if you can save your crypto, then it is better to use fiat since crypto has a chance to pump anytime and it has a great long term potential.

It seems the most common use of Bitcoin or cryptocurrency is on paying bills and using it for remittance. That is also how I use my Bitcoin or cryptocurrency. I also made use of Bitcoin and other altcoins in gambling or buying in online shops, although I admit that I very seldom use Bitcoin in shopping online. I admit that I only use it when there is no other option left but to use it. Mostly through BitPay. Other than that, I keep my Bitcoin in my safe wallet.
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October 30, 2019, 08:46:08 AM
 #25

What I am waiting for is adoption of Lightning by exchanges, but I'm pretty sure that the Coinbase's of this space will not bother until the software has matured properly.
You'll be waiting several years, I would think. Lightning is still experimental, and the "Only use what you can afford to lose" saying still applies to it. Exchanges aren't even going to consider using it until the risk of loss to them is minimal. Even then, it will take years for them to get round to implementing it. Some exchanges still don't even support SegWit for goodness sake, which is over 2 years old and requires fairly minor changes on their end to support. Imagine how long it will take them to build the entire new infrastructure required to support Lightning.

Having said that, Bitstamp have been running their own Lightning node for some time: https://www.bitstamp.net/lightning-network-node/. Obviously no word about accepting deposits yet.
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October 30, 2019, 11:05:49 AM
 #26

I sometimes use crypto in paying bills, sending money, or paying my other crypto friends whenever I run out of cash. There is no sense of saving it if you are running out of cash to spend to. But, if you can buy something using fiat and if you can save your crypto, then it is better to use fiat since crypto has a chance to pump anytime and it has a great long term potential.
I also use crypto for paying bills, but mostly I used it in buying stuffs thru conversation. Sometimes I ask the seller if he/she have app accepting BTC or if they're willing to accept, sometimes I explain the ways it can be considered as investment then they are convinced too. I do it when price aren't moving much And when the price of BTC decline that's the time I deposit again.

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October 30, 2019, 11:09:23 AM
 #27

Bitcoin and cryptocurrency in general will only advance if people actually use it for more than speculation.

In the past we've seen lots of retailers enabling bitcoin and other cryptocurrencies in their checkouts, and then been disappointed that hardly anyone has used the function. And we have had some orgs like Steam disabling bitcoin and giving up on it.

So how many people on here have actually used cryptocurrency in real life?

I'll start: I haven't used bitcoin (because I consider that savings), but I have used dogecoin to buy gift cards and bitcoincash (BCH) to deposit to a betting website via BitPay.

Anyone else want to share their experiences?
I have used bitcoin for mobile recharge. But nothing that significant. Like anyone else, I will prefer using fiat for retail transactions than going for cryptos. Largely, cryptos are preferred as a store of value than a currency. Also, it is more convenient to use cash or debit cards for retail transactions as they are readily acceptable and easy to use as compared to cryptos. Plus, they are instant.
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October 30, 2019, 04:05:36 PM
 #28

I used altcoins for casual gambling and buying stuff from friends. Crypto payment not yet a thing in my country. I've been trying to push commerce though by promising merits in the local marketplace section. Lol.

I'm not against hodling (or saving to be precise). People should be free to choose between spending and saving. However, in the current situation, people seem to be incentivized to hold and not to spend. This is not good IMO. People should be incentivized to spend (for productive activities) but have the freedom to hold.

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October 30, 2019, 04:42:20 PM
 #29

I have been using it for my necessities. I used to pay our electric and internet bill with my Bitcoin. Though I want to save it instead of spending, I still find it more convenient and faster to transact using crypto. A few days ago, I also discovered that a local online shop in our country accepts Bitcoin so I tried purchasing their product using some of my BTC earning as well. They are even accepting Ethereum.
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October 30, 2019, 04:43:12 PM
 #30

Bitcoin and cryptocurrency in general will only advance if people actually use it for more than speculation.

In the past we've seen lots of retailers enabling bitcoin and other cryptocurrencies in their checkouts, and then been disappointed that hardly anyone has used the function. And we have had some orgs like Steam disabling bitcoin and giving up on it.

So how many people on here have actually used cryptocurrency in real life?

I'll start: I haven't used bitcoin (because I consider that savings), but I have used dogecoin to buy gift cards and bitcoincash (BCH) to deposit to a betting website via BitPay.

Anyone else want to share their experiences?
In the past when the value of bitcoin was still under $ 500 I often used bitcoin to pay for electricity and water bills, I also bought things with bitcoin and bought gift cards too. Since the value of bitcoin in late 2017, the fee is getting higher and I don't think this is suitable for me to use as an alternative payment at that time. The more here bitcoin turns into assets, many discuss bitcoin assets but not discussion where bitcoin can be used as an alternative payment.

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October 30, 2019, 06:07:13 PM
 #31

Here in my country, it's still hard to find local shops that would accept bitcoin or any crypto as payments although there are quite a lot of local users here. Crypto is getting popular here but haven't seen merchants accepting bitcoin personally. There are some online but still not that much...
I've used bitcoin before to buy small things (not literally big in value). Is gambling also considered in your question? Cause I'm also gambling during free time.

But really, I would love to use in more as payments if only there are available businesses that accepts it
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October 30, 2019, 09:39:44 PM
 #32

I dont remember the actual stores but yes, i have used cryptocurrencies few times in last years. One time, there was a discount when buying when crypto and other time I noticed the option and chose it, because i had little FIAT but had more in crypto. With that said, I also consider BTC more as investment then anything else.

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October 30, 2019, 10:57:40 PM
 #33

Maybe I only use Bitcoins for investment means only because in my country there is no service that supports it.
If the service online, I've been shopping for games and original software on a site called Kinguin, I once bought using their coin KRS and bitcoin to buy a Steam Wallet and original Windows from them.

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October 31, 2019, 12:38:54 AM
 #34

Bitcoin and cryptocurrency in general will only advance if people actually use it for more than speculation.

In the past we've seen lots of retailers enabling bitcoin and other cryptocurrencies in their checkouts, and then been disappointed that hardly anyone has used the function. And we have had some orgs like Steam disabling bitcoin and giving up on it.

So how many people on here have actually used cryptocurrency in real life?

I'll start: I haven't used bitcoin (because I consider that savings), but I have used dogecoin to buy gift cards and bitcoincash (BCH) to deposit to a betting website via BitPay.

Anyone else want to share their experiences?
Bitcoiner so far only use bitcoin as investing and trading, there are still less bitcoiner using bitcoin for commerce because many country still not allowed using bitcoin as legal payment. When bitcoin have adopt by many country I think all bitcoiner will use bitcoin as commerce and use bitcoin for every transaction, they will buy or sell daily needed with using bitcoin and altcoin if have legal by country and government.

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October 31, 2019, 02:21:20 AM
 #35

I dont remember the actual stores but yes, i have used cryptocurrencies few times in last years. One time, there was a discount when buying when crypto and other time I noticed the option and chose it, because i had little FIAT but had more in crypto. With that said, I also consider BTC more as investment then anything else.
Nowadays, bitcoin is mainly for investment rather than a currency to use as a mode of payment because the fee of bitcoin is higher than before which is not that convincing and practical for the people who are buying with a minimal cost. It is better to just keep bitcoin at a safe place and use other cryptocurrency as a mode of payment because they are cheaper and faster, to be honest.

 
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October 31, 2019, 02:46:28 AM
 #36

In past i top up my Steam Wallet with Bitcoin, if me not wrong via Bitpay right. And some VPN i subscribe accept bitcoin as payment too. If international product, i use bitcoin for that 2 things. If from my country there are a lot of services that can help us Indonesian people to pay Bills. But for now i think only a few commerce that still accept bitcoin.

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October 31, 2019, 02:48:14 AM
 #37

Had a lot of fun experimenting with crypto-currency as my sole payment method for a week, most of my funds went into getting cheap gift cards and then using it around my local store, it was pretty limiting and I wouldn't recommend though.

As for my most spending, I've just been keeping crypto-currencies as an investment option, and I've been trading altcoins and BTC/fiat for a couple years now and have a plan to cash out everything during 2020.

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October 31, 2019, 03:05:33 AM
 #38

I always used it in paying my bills because our wallet apps has a features on paying bills and to purchase something in which it will be a convenient than go to the payment centers just to settle my obligations and to go to some mechants just to buy some merchandise.
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October 31, 2019, 04:00:47 AM
 #39

now I only use bitcoin to pay bills ,before that I often buy clothing accessories but since the trade shopping is closed so now I only exchange it for fiat or pay bills like everything else ,and the rest of the bitcoin I trade on altcoin ,I don't know about other shopping cryptocurrencies places in my country yet

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October 31, 2019, 04:47:14 AM
 #40

I bought a phone credit several times but after recalculated it turned out to be a lot more expensive using BTC, and also several times buying a domain on namecheap, I more like to use BTC just for international online commerce.
Not many commerce in my place that accepts BTC as payment, because it collided with regulations that prohibit it, only allow BTC or crypto as an investment tool.

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