No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on!

[HardFacts]

No one ever buys nor sells anything in Bitcoin:

Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on.  All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars.  Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars.  Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business.    SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin ???   If you are still to dumb to get it read a few examples below:

If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month ???  That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month.  You would be working for almost nothing a year later.


WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

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[sunsilk]

It is realized and understood by everyone here. The pricing are in dollars and converted to bitcoin for payment. Bitcoin should be used as a currency because that's the main feature of it, I don't see anything wrong if merchants are actually converting to dollars after accepting bitcoin because the fees are quite low and it can be transferred everywhere in the world.

They have to convert it because it's either their suppliers doesn't accept bitcoin or they have to pay for other things that don't accept bitcoin. But the most important part is that they are accepting bitcoin and there's a way to convert it on their side.

[gentlemand]

Not exactly an earth shattering insight.

Overstock were keeping some of their income in BTC. Protonmail have kept all of the BTC they've received uncoverted. Plenty of other places won't have a choice. Every expense to put whatever in front of you is costed in fiat with their tiny margin on top.

As for being paid in it, it's the chance you take. Sometimes you win, sometimes you'll lose. People will otherwise convert their fiat back into it so it's much of a muchness.

Everything I've sold for BTC has stayed in BTC. I pay for plenty of things with it too. What they do with it is up to them.

[TEX-LXRY]

As Bitcoin adoption grows, more buyers and sellers may opt to transact in digital currencies, including Bitcoin. This provides many benefits such as ease of transfer, low costs, and decentralized commerce. The vendor may also opt to convert into stablecoin after the sale to further limit Bitcoin's volatility and "lock-in" the value. There are many benefits by not using fiat, especially as it relates to cross-border commerce.

[theskillzdatklls]

Until the day that the marketcap for Bitcoin is deep in the trillions, this will continue to be the case. As gentlemand said, this isn't exactly Earth shattering.

The current situation is completely acceptable given what BTC is presently. If it continuesn to grow, at some point things will be pegged to BTC and until then, using a baseline fiat is more than fine.

You are right that many major institutions that "accept" bitcoin are merely just selling it. That's true. But not all. And the truest BTC fan boys will attempt to use their BTC at establishments where BTC are accepted and forwarded to continue the cycle. Some people out there definitely do this.

[captaindz]

wrong perception of using bitcoin, there are lot of shops accept bitcoin directly.

[HardFacts]

wrong perception of using bitcoin, there are lot of shops accept bitcoin directly.

You are not the brightest bulb in the room are you 🙈🙈🙈    Of course some shops accept bitcoin directly and instantly convert it into US Dollars when you pay.


What part of all the shops PRICING THEIR GOODS IN US DOLLARS, and NOT BitCoin did you not understand ???   In the end, they are transacting in US Dollars, they simply handle the conversion form Bitcoin To USD for you.

Hard Facts

[Rengga Jati]

-snip- realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency 

I guess people know it well. They should be smarter after following various discussions about lots of FUDs and uncertainty related to the future of Bitcoin. They must know that Bitcoin is growing and need time to reach its ultimate goal as a global digital currency. Now, since most countries in the world still don't allow it for a legal payment purpose, we still need to convert it. But someday, there is a possibility that Bitcoin can be legalized as a global payment tool around the world.

*We are on the right track and getting closer to the goal. Believe it!  

[nydiacaskey01]

We cant blame those who wants to sell their Bitcoins as soon  as they received it as a payment, its not thier business to keep it, hold it or invest in Bitcoin. Unlike those who are really into Bitcoin who holds it until it reached their target price. I sell some items online for Bitcoin and I dont sell it, its my way of generating BTCs.

[joinfree]

Don't get too emotional mate, the reality on the ground is that though Satoshi envisioned bitcoin as a payment method its fixed supply does not make it fit so. People prefer holding it as assets of value rather using it as a currency. But there are actually marketplaces that accept bitcoins as payment just that there are not many out there.

[Polar91]

That is when we can say, OP is quite having a low knowledge about understanding the value of bitcoin, thus, most of his statement relies in the conversion of bictoin to dollar.

OP, it will just take time when you could buy goods at the groceries telling the cashier how much bitcoin it is rsther than thinking how much is it in dollars. We don't have strong adoption yet, but surely in the near future when bitcoin regains more value, price will turn the table for BTC to br the basis.

[FaithInCrypto]

Well, those I consider veteran here in using Bitcoin already knows that. It is just a matter of supply and demand, what goes around comes around. Even if you spent your BTC, convert it to USD, that BTC you sold will also be bought by others so I don't really worry about it. That is why I prefer that BTC works together with fiat so everyone could live in peace.

[jakelyson]

I am a freelancer and I get paid in USD but I immediately convert it to Php. Sometimes the exchange rate fluctuates- so I get more from it, sometimes I get less. The same is with bitcoin, doesn't mean it is not a currency. It does not matter what you do to it after the transaction, you still used it as a currency.

[blckhawk]

While this might be true, the only thing that would make us truly depend solely on Bitcoin and not bother on fiat valuation is true, global adoption with complete separation or abolishment of current fiat standards such as USD. You're argument is agreeable only because until now, we still rely on fiat such as USD to actually know how much a product costs.

But remove USD out of the equation, and you could see an entire economy could run out of Bitcoin monetization, and goods might be priced fix, or there is an economy regulator that would impose tax or price inflation (i.e. an apple costs 1 btc today, but 1.1btc tomorrow because of whatnot). It's the same as USD, less the middlemen, the government that actually knows who you are and what you purchase of.

[Jating]

1BTC =1BTC.

Of course if you convert it to fiat you might lose some value along the way. I've been using my BTC to pay my monthly bills, so regardless of what people are saying, I'm going to use it, whatever the circumstances are, to each its own.

[sureshnsnet]

Really we have to understand that if any shops going to deal with bitcoins they price in fiat currency like USD, euros and more as sell compatible but buyers should pay with bitcoins as rates in fiat money but your point is bitcoin price is not stable if compers to fiat currencies right? it all depends on buyers and sellers, because in fiat currencies also we can see price differences between one country to other countries.

[MURONDI]

at this time maybe bitcoin is still not suitable as a means of payment because its value is very volatile, the shop that accepts bitcoin payments in my opinion the main purpose is not bitcoin,  they only add payment facilities to attract many buyers, so when they receive payment with bitcoin they will immediately convert it to fiat currency, maybe someday if all countries have accepted bitcoin and the price is always stable, bitcoin can be made as a legal payment tool.

[meanwords]

I do use Bitcoin to pay my bills and other expenses using a third wallet app or buy something from an online store, what the fuck are you saying?   It's the same principle with the dollars but much less volatile. I payed in Bitcoin at a reasonable but at the time that I want to pay for it, I don't care what happens to its price, they have the right to convert or it's just like converting dollars to other currencies like Peso or Pounds.

Of course it is still tied with the world's market price (just what do you think Bitcoin is?). For example, if I pay 0.058 BTC for a new set of computer, it will be valued at 500 dollars or P25,300 which is pretty decent. It's not like Bitcoin will be out of this world's market price just because it is a cryptocurrency. You are confusing people.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month  That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

Sure, I would be willing to pay in Bitcoin instead when the world have regulated it to the point of stability, it's not like Bitcoin will stay volatile forever.  

How about get your salary paid by BitCoin

Why not? If it's available and Bitcoin had become a pretty stable currency, then I would be willing to get payed in Bitcoin. I have the choice to convert it or not. It's like working in a freelance website and getting payed in USD. I have the choice to convert it to my currency or not. Every currency fluctuates, Bitcoin is no exception.

WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

It is the same, what are you saying. All the currency are convertable to USD. If people want to convert Bitcoin to USD, It's not like they are tied to Bitcoin alone. It's the same principle with paying Peso to an american shop, I can use Peso in order to buy something and they have the choice to convert it to Peso or not. You are still using a currency that has the same value with the one you are buying.

All currencies are tied with the world market.

[Getmon]

Old topic, almost as old as Bitcoin itself.

This is one of the reasons why people ask whether Bitcoin is really a viable currency or not. Well, it may not be if the price fluctuation is very significant and is happening all the time. At this stage, Bitcoin is not yet reaching a state in which it will somehow settle down in a more or less stable value. But I guess it will come later on.

[theskillzdatklls]

It's no different from any other speculative asset. You pay someone in gold/silver or stocks/equity in a company, it will also vary wildly in price relative to a more stable asset. It's just part of life and has everything to do with worldwide acceptance, underlying technology and usability. If you believe in those factors for BTC, eventually it will start to actually act like a "normal" fiat currency.

[bitvalak]

Adoption has not been fully distributed. What if you look at history in the past, people used the barter system?
Are not all values based on the agreement, the US Dollar only acts as the value agreed upon by the buyers and sellers of goods and services.
The price of goods and services currently follows the value of the economy in their respective regions and cannot be beaten flat in all countries. Your perception of bitcoin is only limited to the price.

[pooya87]

it doesn't matter what you think, whether you want to believe it or ignore the facts won't change a thing. those who are accepting bitcoin as payment will continue doing so and store whatever amount of it they want and sell the rest. and those who want to pay with bitcoin will continue to do so regardless of price and what you think
the fun fact is that the amount of bitcoin being transferred between merchants and customers (meaning the amount people spend) has been increasing very well so far. right now it is in the billions per year.

[mk4]

Think about it. My local currency is PHP, and if I buy something on Amazon using my PHP debit card, my PHP gets converted to USD. Does that automatically make PHP a bad currency? No! It's simply because the platform I'm using prefers to hold USD for whatever reason they have. Same thing for BTC; especially knowing that adoption is really really small and that bitcoin is STILL very very new. Yes, a decade old is nothing.

[Murat]

So what's wrong with it? I didn't find anything wrong here. Since Bitcoin is still running at the shadow price of USD so it's not a big deal anymore, We all know Bitcoin is the age of 10 years only so it might get another year for getting accepted and established as a sole currency, But by converting with USD is not anything weird, I don't have any problem whether a marchent convert Bitcoin into USD, It's a simple thing, Everyone follows his or her way, So it doesn't matter at all, the most appreciated thing is that they are accepting Bitcoin in their business.

[Janation]

To be honest, I know this, but I thought not all of them.

I thought that other stores really accept Bitcoin but I think all of them do just convert it into USD. That means that we are not just converting it but like selling it can cause a dump. Some of the exchanges here in our country do the same too and people think that they are really using Bitcoin to pay their bills and other things, the thing is that the platform does the converting for them.

[malekbaba]

When you sale btc there is someone else who buy btc. It is logical and pretty common for every currency. I dont see any problem with that.
I need something from amazon. Co. Uk and I have USD. I use my USD card to pay that automatically converts into GBP. What I do with that product? I use it. I dont have either usd or gbp, rather i have the product now. And I am using it.
Stores accept btc, we pay with btc. They trade btc for usd. Again someone will trade btc for usd. Is not it the way of trading across the border?

[traderethereum]

I think that will depend on each people whether they used bitcoin or their currency to pay something. People are smart to choose what currency they will be used to pay, and they will know what they should select. You don't have to use bitcoin if you don't like it, and you still prefer using your currency to buy something. But remember, people in out there will have different choices to pay, and we cannot force them to select for what we like. They will choose what they feel comfortable, and that cannot replace the other.

Chills out bro, people will know what they need to when they want to make a transaction, and nothing to worry

[buwaytress]

Just goes to show how little people want to know or how little they refuse to see or how much they want to be in denial.

I will agree that a large majority of so-called Bitcoin holders are... little more than holders. The biggest talkers especially seem to be the ones literally doing nothing but speculating. The suits I know who proudly have Bitcoin only think they do -- they basically paid a company to show them an account that shows them a Bitcoin balance, sans private keys.

But to say no one ever sells nor buys? Ignores the rich history of Bitcoin used to pay for things and accept as payment.

I'm a freelancer earning only in Bitcoin but hey I'm still eating. I agree most of it is converted to cash anyway to pay for bills. But I've paid plenty in bitcoin, and received plenty in the same. Check out my posts this week alone to see payments only in bitcoin. And I'm so not alone!

[davis196]

You are wrong about nobody buying anything with BTC.People are buying something with bitcoin.
They are buying altcoins.
You are right about bitcoin not being an actual currency.BTC is a financial asset.Call it "digital gold" or "digital stocks" but it's not money.If the price was stable,many people would adopt BTC,but that will never happen.

[iram3130]

I dont think that is a "HardFact". People know this already and still doing all kinds of transactions. The problem here to solve is that not everyone is accepting Bitcoin or other cryptocurrencies for that matter. If a car seller sells a car for bitcoins then can he get all the required products to make a car with Bitcoin..? No, We need more adoption and we need more widespread usage.

[cryiotic]

Bitcoin, like other cryptocurrencies, is not suitable for use in real life. I think that in the future, stablecoins will be used in real life.
And I don't understand those who talk about using bictoin or other currencies just to buy or sell something, because there is no logic in this.

[serjent05]

The title had been refuted by the discussion in this thread.  See the scenario..  

Someone or some shop accepted Bitcoin as payment, of course, the one who bought the item spend Bitcoin.. this means someone had bought something in Bitcoin and someone already sells something in Bitcoin.

Then the owner of the shop sells Bitcoin by converting Bitcoin to USD... do we have to argue about this stuff?   The term " No one " is already proven wrong.

[gabmen]

The title had been refuted by the discussion in this thread.  See the scenario..  

Someone or some shop accepted Bitcoin as payment, of course, the one who bought the item spend Bitcoin.. this means someone had bought something in Bitcoin and someone already sells something in Bitcoin.

Then the owner of the shop sells Bitcoin by converting Bitcoin to USD... do we have to argue about this stuff?   The term " No one " is already proven wrong.

Exactly. It's an absolute term. Someone even "bought" Pizza with 10k btc. And from that point up to now, several transactions have been in bitcoin. P2p transactions often don't get converted to fiat if that's what op would like to point out. There are people selling items and services for bitcoin itself.

[alexsandria]

As Bitcoin adoption grows, more buyers and sellers may opt to transact in digital currencies, including Bitcoin. This provides many benefits such as ease of transfer, low costs, and decentralized commerce. The vendor may also opt to convert into stablecoin after the sale to further limit Bitcoin's volatility and "lock-in" the value. There are many benefits by not using fiat, especially as it relates to cross-border commerce.

I agree. There'e nothing wrong in using Bitcoin totally, and at some point it provides more ease more than what you expect. Besides in the end it is much more convenient to pay BTC directly in some transactions especially when such business accept BTC as a payment, and I bet majority would choose crypto to pay especially those crypto enthusiast, rather than fiats. Though volatility plays a vital role of making the idea of using it more criticial.

[Soots]

Adoption has not been fully distributed. What if you look at history in the past, people used the barter system?
Are not all values based on the agreement, the US Dollar only acts as the value agreed upon by the buyers and sellers of goods and services.
The price of goods and services currently follows the value of the economy in their respective regions and cannot be beaten flat in all countries. Your perception of bitcoin is only limited to the price.

You can't convince the people to directly entrust their money for digital currency bitcoin now, unless their country is fully accepting and implementing bitcoin to different commodities like basic needs. Some important factors of adoption as an example like bills payment, mobile phone loads, money transfers and other possible transactions may apply.
It's not only a purpose of investment, but by spending in so many ways.

[Ucy]

Bitcoin is a unique currency. It's not meant to be like fiat.
One of the reasons it was created is to address the fiat inflation problem. Besides, if you remove the deflation feature you could aswell remove other important features when it suits you.

I think applications built ontop Bitcoin could be used to address some of the challenges or perceived problems of Bitcoin instead of trying all the time to change Bitcoin or even trying to control it centrally.

You could create a special marchant application to keep Bitcoin price stable for only the application users... while price continues to remain volatile on main markets. The app could be built to wrap Bitcoin around stablecoin like tether. And the normal Bitcoin symbol (with small "s"... s for stable) could be used on the price tag.    With this app, a 10,000 worth of car could be tagged at "10,000sBTC".    When a car buyer sees a Bitcoin symbol, that should be slightly different from the normal Bitcoin symbol, he/she knows it is for Stable-Bitcoin. He downloads the payment app and makes payments.
 The seller can set the app to unwrap the bitcoin back  to the normal volatile market value.

[chaoscoinz]

Right, I think the intentions for the foundation and creation of Bitcoin were good, but not solid enough to compete with physical fiat based currencies. I think that the usage and price of Bitcoin would tank if the conversion of cryptocurrency into fiat currencies were suddenly shutdown and banned by the governments around the world. I think there would still be die hard users whom will be made up of the true believers of Satoshis original vision and day one supporters of the movement.

[xvids]

It is true but not really something to be shock because it was very clear when they started to accept crypto as payment.
Who would risk their livelihood or business to be drag down on crypto dumps?
Of course every seller would accept crypto but they would always use Fiat as measurement of amount to be paid.

[btc78]

1BTC =1BTC.

Of course if you convert it to fiat you might lose some value along the way. I've been using my BTC to pay my monthly bills, so regardless of what people are saying, I'm going to use it, whatever the circumstances are, to each its own.

same here lol,i use my Bitcoin to Pay Bills and some items online that my wife buying and some are converted into Fiat(local Currency and not US)

anyway whatever Op says?who cares?he is in Bitcointalk and who will believe what he wants to say here?

Bitcoin community will support bitcoin no matter what he says.

[kro55]

That is right, no one ever buys nor sells anything in Bitcoin 

Some stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store gets.  All pricing is done in US DOLLARS, and the store deposits into the bank and operates in US Dollars   SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin    If you are still to dumb to get it read a few examples below:

If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month   That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month.  You would be working for almost nothing a year later.


WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

That’s really interesting fact. The main reason for this is bitcoin price volatility. Bitcoin is still valued in US dollar and its own value is yet to come. Things like house rent in bitcoin can be materialized if we have a stable bitcoin who has value independent of US dollar.

[Distinctin]

If Bitcoin will be accepted in our place I suppose to use it but unfortunately, it won't that is why most of our countrymen who have been in here for crypto will convert it into fiat money for us to make use of it. May the other countries will do the same.

We are still developing the crypto market, and yet to consider that it needs more time for it will finally be accepted and considered as currency. I may say, we are still far from that.

[crwth]

Are you just explaining how you could buy Stuff and not think about the current price that it has? I think we all have to understand that the value of bitcoin is what ”we” give it. It's just like fiat, it's paper but with the amount, because we intend to give its value.

I think this is one of the advantages of Bitcoin, where the price would fluctuate, and you would take that into an advantage to profit from. It's all in the strategy.

If you are accepting/selling Bitcoin, then you are Buying and using Bitcoin. Don't put too much thought on it.

[Polar91]

That’s really interesting fact. The main reason for this is bitcoin price volatility. Bitcoin is still valued in US dollar and its own value is yet to come. Things like house rent in bitcoin can be materialized if we have a stable bitcoin who has value independent of US dollar.

This could probably happen for a longer time, for now, bitcoin is evidently supported by fiat where people keeps finding a standard to check the currency market price of bitcoin. And since dollar is the most preferred, it will be seen to abide bitcoin whenever people wants to view its condition. Though, if we could really make bitcoin the number one currency in the world, people will start to see the value of it by buying things strictly through bitcoin and without considering its conversion to dollar.

But IMHO, I want bitcoin to stay the same, because I could take advantage of it to gain profits out of the market.

[Amel]

Alright, this is like if you buy something abroad, it is not possible for you to pay in a currency in your country, if you can, you will need a third party to convert it later. We take the example, for example buying item A in the US for $10 then the price is only as a reference, it could be that the price will be more expensive or cheaper, it depends on the ups and downs of the value of your country's currency against the dollar. It's the same with bitcoin and dollars, dollars are just a reference, unless you spend it on someone who is a bitcoin fan too, maybe it won't be converted.

[bangjoe]

fluctuations and regulations are still a strong reason for now, I'm not too worried about that because the movement of bitcoin is also logically only suitable as an asset. If taken from the point of view of the product seller, or apartment tenants are also still very risky, it is very different if they end up using crypto that is really stable as a solution.

[HardFacts]

I do use Bitcoin to pay my bills and other expenses using a third wallet app or buy something from an online store, what the fuck are you saying?  


Sure, I would be willing to pay in Bitcoin instead when the world have regulated it to the point of stability, it's not like Bitcoin will stay volatile forever.  

You are not to smart are you   Lets see if you can understand some grade school level English....

1.   You are not buying in bitcoin, you are converting your bitcoin to US Dollars and purchasing with US Dollars.

2.   So you are NOT willing to pay your rent in bitcoin, but you are to dishonest to admit it, so you try to deceive everyone.   Saying that you will pay rent in bitcoin when some unobtainable condition is met is NOT going to fool anyone.     Hey, I will give you 1 Bitcoin when pigs fly, and you can count on it        Your response exposes you for the dishonest con that you are..

WARNING:  No one should ever listen to a guy like this for financial or other advice, do so at your own risk.

Hard Facts

[ice098]

If Bitcoin will be accepted in our place I suppose to use it but unfortunately, it won't that is why most of our countrymen who have been in here for crypto will convert it into fiat money for us to make use of it. May the other countries will do the same.

We are still developing the crypto market, and yet to consider that it needs more time for it will finally be accepted and considered as currency. I may say, we are still far from that.

Yes I am agree to you. Cryptocurrency are still needs a lot of improvement because there things that the fiat can do but the crypto cant and there are things that the crypto can do but the fiat cannot. Like for example the volatility of the cryptocurrency. In reality this cant be approve but the government because if we use bitcoin for example in our daily needs it wont lasta and especially more peoole will get poor because of its volatility. Sometimes its price rises but more often it flactuates.

[HardFacts]

Alright, this is like if you buy something abroad, it is not possible for you to pay in a currency in your country, if you can, you will need a third party to convert it later.

ABSOLUTELY WRONG !!!!

In foreign countries, rents, salaries, food etc is priced in their currency.    These things are NOT, NOT, NOT priced in bitcoin anywhere on the planet.    As hard as you try to convince yourself, it is just not true.  WISE UP.

Hard Facts

[topbitcoin]

For buy and sell, i think seller and buyer must know the risk if they accept bitcoin or use bitcoin. And it happen with my friends, i have 2 friend that do transaction with bitcoin, and only in 2 days bitcoin price pumped. My friend who be buyer actually regret, but nothing that they both can do.

[julius caesar]

I think some merchants does not want to accept bitcoin as payment because they do not even know what it is. Also, maybe the government is not allowing bitcoin to be part of the transaction because they are might be afraid that bitcoin will replace their fiat money. But in fact, bitcoin will help their economy to grow even more and make the transaction of every merchants faster than before.

[isaac_clarke22]

Yes, it is indeed like that because let's accept the fact for now that there ain't majority of establishments using Bitcoin and paying Bitcoin to replenish their supplies or merchandise. It's like we should aim for 95% adoption before every single establishments uses and accepts Bitcoin and they won't convert anymore to fiat.

[airdnasxela]

We have different perceptions and how we're going to handle our bitcoins. Those sellers that accepts Bitcoin and immediately convert it with fiat, maybe they don't really want to invest in bitcoin. Maybe they just accept Bitcoin, because their customers want it. They have to go with the demand. While other merchants who accept Bitcoin might really are into Bitcoin. Investing in Bitcoin is already a risk, and it's more risky for businesses because they might end up losing profits so there's nothing wrong if they want it that way

[cotton ball]

How come is happen where no one ever selling and buying bitcoin, what for so far keep holding bitcoin and why not sell after raising with higher price, maybe you made big mistake with your mind and wake up because no one want loss their money in bitcoin and keep selling although bitcoin have lower price, who want loss their money without selling bitcoin assets?

[The Sceptical Chymist]

Overstock were keeping some of their income in BTC. Protonmail have kept all of the BTC they've received uncoverted.

Yeah, I was thinking of overstock.com when I read the OP and I'd also read something recently about protonmail doing likewise.  If I'm not mistaken, Veldt Gold takes payment in bitcoin outright and doesn't use a payment processor, which they probably have to do since they buy metals for bitcoin and have to have some crypto to pay out to people.

I don't think it matters all that much if merchants don't want to keep the bitcoin their customers pay.  Offering the option for people to pay with crypto is important to the crypto economy.  And it's not like this is breaking news here.  It's been known since the beginning that merchants don't actually receive the bitcoin that customers pay with.

[imstillthebest]

How come is happen where no one ever selling and buying bitcoin, what for so far keep holding bitcoin and why not sell after raising with higher price, maybe you made big mistake with your mind and wake up because no one want loss their money in bitcoin and keep selling although bitcoin have lower price, who want loss their money without selling bitcoin assets?

i guess you didnt read properly what op said . if im correct the op means selling and buying items or services  not buying or selling cryptos ( btc )   . btc is not stable and being unstable adds a problem for buying and selling using a btc  . that is why he thinks that it would be better if people convert thier btc to fiat before spending it but for me , im happy using bitcoin directly as long as its accepted on the store that im shopping with  . converting my btc to usd will also depend on the value of btc  .

[Twentyonepaylots]

fluctuations and regulations are still a strong reason for now, I'm not too worried about that because the movement of bitcoin is also logically only suitable as an asset. If taken from the point of view of the product seller, or apartment tenants are also still very risky, it is very different if they end up using crypto that is really stable as a solution.

Bitcoin in itself is not fully adopted just yet and everyone is just A-OK with it. It's not like those people you have spent your bitcoins on can use it to invest on bitcoins too anyway. The market is too volatile and it is definitely something you wouldn't want your currency to do. Give it a few more years or until bitcoin's much more stable and well-adopted, that way you can guarantee that bitcoin and solely bitcoin is being used for these purchase and services you take advantage of

[icewitch0612]

Because not enough stores and companies accept bitcoin yet. As soon as bitcoin becomes more popular, this will change.

[HardFacts]

Not exactly an earth shattering insight.

Overstock were keeping some of their income in BTC. Protonmail have kept all of the BTC they've received uncoverted. Plenty of other places won't have a choice. Every expense to put whatever in front of you is costed in fiat with their tiny margin on top.

I pay for plenty of things with it too. What they do with it is up to them.

No matter how much you want to convince yourself of something, REALITY and TRUTH are the only things that matter...   The fact that you WANT to believe something to the point of ignoring reality is pure stupidity on your part.

1.  OVERSTOCK does NOT, NOT, NOT price anything in Bitcoin.   Weather they choose to keep some of their income invested in bitcoin has nothing to do with how they price things, and pay their bills, which is in US DOLLARS.

2.   You may pay for some items in bitcoin, but it is PRICED in US Dollars, and the merchant is simply converting the bitcoin for you.   No merchant is PRICING, and PAYING for his stock in Bitcoin.    

This is grade school level stuff here, merchants are simply going to the expense and doing the work to convert your Bitcoin into US DOLLARS in order to get your business.   Having to do this conversion from BitCoin to US Dollars is NOT easier, NOT cheaper, and NOT the more efficient way of transacting that bitcoin was promised to provide....  WISE UP.  

Hard Facts

[huige007]

Bitcoin is a unique currency. It's not meant to be like fiat.
One of the reasons it was created is to address the fiat inflation problem. Besides, if you remove the deflation feature you could aswell remove other important features when it suits you.

I think applications built ontop Bitcoin could be used to address some of the challenges or perceived problems of Bitcoin instead of trying all the time to change Bitcoin or even trying to control it centrally.

You could create a special marchant application to keep Bitcoin price stable for only the application users... while price continues to remain volatile on main markets. The app could be built to wrap Bitcoin around stablecoin like tether. And the normal Bitcoin symbol (with small "s"... s for stable) could be used on the price tag.    With this app, a 10,000 worth of car could be tagged at "10,000sBTC".    When a car buyer sees a Bitcoin symbol, that should be slightly different from the normal Bitcoin symbol, he/she knows it is for Stable-Bitcoin. He downloads the payment app and makes payments.
 The seller can set the app to unwrap the bitcoin back  to the normal volatile market value.

Yes, bitcoin is the complete alternative of fiat. Also it is addressing the problems for which it was created. It was meant to deal with the financial problems of people who are not stable much. If we look at its today progress it is playing its role very well. If we talk about the challenges faced by this, then challenges are the part of every business. Creating applications is a better idea to treat the challenges.

[HardFacts]

Also it is addressing the problems for which it was created. It was meant to deal with the financial problems of people who are not stable much.

ABSOLUTELY WRONG !!!

Bitcoin is hugely unstable, the price changes many times faster than fiat currencies.   The only Fiat that is more unstable than bitcoin is a fiat that is in UTTER COLLAPSE, like Venezuela...

Those that bought BitCoin at 20,000 or 14,000 recently are in MORE financial problems.


How dumb can you be ?

It is realized and understood by everyone here. The pricing are in dollars and converted to bitcoin for payment. Bitcoin should be used as a currency because that's the main feature of it,

Given some of the statements, it is NOT understood by a lot of people here   

So the promise of BitCoin as a currency is that it should be HARDER, MORE TIME CONSUMING, and MORE EXPENSIVE to use  ?   

[romero121]

For this purpose the lightening network is under development and once it gets full force functioning micropayments will be carried out in terms of bitcoin. By then people prefer buying low price services and products with bitcoin. This way of bitcoin acceptance won't affect the buyer or seller even at hard fluctuation. When it comes to high priced products it is upto the buyer and seller, if both finds it worthy then they can do the trade without thinking of market fluctuations. Till date more large scale business transactions have taken place in terms of bitcoin exchange.

[barabarian1]

because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

[ajeef]

because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

Yeah bitcoin should become a stable coin if we want a mass adaption, but i think that wouldn't happen, the art of bitcoin and cryptocurrency trading is when the price move dynamically in a short time that's what make it popular. I think bitcoin and other alts is still gonna be a trading thing until a long time because people use it for that.

[DevilSlayer]

For this purpose the lightening network is under development and once it gets full force functioning micropayments will be carried out in terms of bitcoin. By then people prefer buying low price services and products with bitcoin. This way of bitcoin acceptance won't affect the buyer or seller even at hard fluctuation. When it comes to high priced products it is upto the buyer and seller, if both finds it worthy then they can do the trade without thinking of market fluctuations. Till date more large scale business transactions have taken place in terms of bitcoin exchange.

The lightning network can boost the bitcoin's popularity, until now many investors are now excited about the halving because in terms of utility; there is new added features. The market is in downtrend, there is pscyhological effect which lead to people who have bitcoins to hold and not use it in their transaction because they know that they will incur losses.

[Janation]

because of this fluctuation bitcoin until now has not been able to achieve mass adoption and in my opinion is not suitable for use as a means of payment. although some stores that accept bitcoin as a means of payment in fact only convert to bitcoin to US dollars I think this is still a good step. at least it can be used as a promotional medium that there is currently a new type of currency, cryptocurrency.

And it can affect the price, isn't it?

What is the difference of it from selling your Bitcoin? There is none right? It is the same. And if that continue to happen, then the price might have a dump every now and then. Also, there are a lot of payment methods to use, why would they need Bitcoin to pay if stores does not really accept it? They can use other methods.

[breathlessz]

For this purpose the lightening network is under development and once it gets full force functioning micropayments will be carried out in terms of bitcoin. By then people prefer buying low price services and products with bitcoin. This way of bitcoin acceptance won't affect the buyer or seller even at hard fluctuation. When it comes to high priced products it is upto the buyer and seller, if both finds it worthy then they can do the trade without thinking of market fluctuations. Till date more large scale business transactions have taken place in terms of bitcoin exchange.

The lightning network can boost the bitcoin's popularity, until now many investors are now excited about the halving because in terms of utility; there is new added features. The market is in downtrend, there is pscyhological effect which lead to people who have bitcoins to hold and not use it in their transaction because they know that they will incur losses.

many bitcoiners are waiting for the half-bitcoin reduction event, so the intensity of bitcoin sales is decreasing, moreover it happens in about 3 months. with prices still below, and the possibility of a large increase it is logical if many are holding it

[serjent05]

Alright, this is like if you buy something abroad, it is not possible for you to pay in a currency in your country, if you can, you will need a third party to convert it later.

ABSOLUTELY WRONG !!!!

In foreign countries, rents, salaries, food etc is priced in their currency.    These things are NOT, NOT, NOT priced in bitcoin anywhere on the planet.    As hard as you try to convince yourself, it is just not true.  WISE UP.

Hard Facts

Ugh...  I think your confused, stop being emotional and be rational.  We all know that commodities are priced in currency but the one you quoted is just telling the fact.  Bitcoin being an alternative works the same way as other fiat currency.  If we want to buy something abroad, our local currency will then need to be converted in USD because it is the international currency used in inter-country trading.  But this thread is a discussion about anyone who is selling or buying in Bitcoin and if someone is accepting Bitcoin and a client wanted to buy something in Bitcoin, then both parties agreed to price the item in Bitcoin equivalent thus, the item is priced in Bitcoin. 

[BlackFor3st]

No one ever buys nor sells anything in Bitcoin:

Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on.  All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars.  Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars.  Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business.    SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin   If you are still to dumb to get it read a few examples below:

If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month  That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month.  You would be working for almost nothing a year later.


WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

It is not wise to use the bitcoin as price of something as the price is very vulnerable and it can change pretty high or low anytime. So others are offering their products price via USD or any currency that are stable and they accept payment via bitcoin equivalent to the price in USD.

As there are very few stores right now that can afford to gamble in bitcoin vulnerability especially that bitcoin price can be easily manipulated by big investors.

[piebeyb]

since a few years ago maybe I thought bitcoin could be a micro payment transaction such as buying a cup of coffee and others, but now it seems like it's not valid because of the high value so it's better to keep it as an asset just like the gold I bought to save, even though it can be used to pay for anything, but this is where it depends depending on how people use bitcoin, unfortunately I cannot give much response because in my country I cannot use bitcoin as a means of payment and I have to comply with it even though bitcoin is not prohibited only as an asset 

[Reid]

Then dude posted it in bitcointalk?
Why go so far just to tell it all?  
Are you really that caring for the people of the world?  
Thank you for your kindness, I do appreciate that you want something better for everyone.  

You could stop now. We all heard you pretty well. Now, maybe there will be a forum for US dollars supporters. You will be better there with that kind of introduction.

[HardFacts]

Bitcoin being an alternative works the same way as other fiat currency.  If we want to buy something abroad, our local currency will then need to be converted in USD because it is the international currency used in inter-country trading.  But this thread is a discussion about anyone who is selling or buying in Bitcoin and if someone is accepting Bitcoin and a client wanted to buy something in Bitcoin, then both parties agreed to price the item in Bitcoin equivalent thus, the item is priced in Bitcoin. 

ABSOLUTELY WRONG...  All your denial and trying to dismiss the truth not change reality.    Bitcoin does NOT NOT NOT work the same way as other fiat currency.   Even in foreign countries, businesses, and people are not pricing anything in BitCoin.   You are just to emotionally invested in BitCoin to accept the truth, and trying to WISH something into reality that is not true  🙈🙈🙈

I can go to China and everything is priced in Yuan, and reasonably stable...  So contracts can be made based in that currency, leases, etc. etc.  This is NOT NOT NOT true with bitcoin.  So tell me, if it is the same, in which countries are rents and contracts being priced in Bitcoin 

It takes a special kind of stupid to say foreign currencies work the same as BitCoin.  You are the perfect example of someone that no one should ever take financial advice, or any other type of advice from.

Hard Facts

[Baby Dragon]

We have different perceptions and how we're going to handle our bitcoins. Those sellers that accepts Bitcoin and immediately convert it with fiat, maybe they don't really want to invest in bitcoin. Maybe they just accept Bitcoin, because their customers want it. They have to go with the demand. While other merchants who accept Bitcoin might really are into Bitcoin. Investing in Bitcoin is already a risk, and it's more risky for businesses because they might end up losing profits so there's nothing wrong if they want it that way

People have different levels of perception and preferences, you can't just expect people to make a decision without thinking the possible outcomes which means they have their own way to handle and manage their business. It means they can decide which is the best for their businesses, they consider a lot of things before doing it to assure that they will not end up feeling remorse. Some stores are aware of the capabilities and potentialities of bitcoin, they are aware how it can improve the businesses. Most of them take accept it as an opportunity to grow their profit but some chooses to convert it for other purposes, it's their money so don't judge them and if you think that they just let the opportunity be wasted for nothing then let them suffer the consequences and we can't do anything that is why it's better learn to accept and respect other people's perception because in the end they are the person who will face the result of their actions.

[gerica0613]

There are some places though where they take payments in BTC without converting it and then just store Bitcoins

[ragavancoin]

Bitcoin payment is not accepted in all the countries and not regularized in all countries. Once it is legal you can use bitcoin as a payment option happily. People buying or selling bitcoin is left upto them. Online payment merchants have to convert into USD dollars. Converting to USD is not an issue. If it is used as a currency still it will be good.

Bitcoin is volatile if it is stable we can use as Rent an apartment and pay for salary.

Using bitcoin is not legalized in our country worth using bitcoin and the best thing is I am part of it.

Life is better with Bitcoin.

[btccashacc]

The only thing that I know people buy something in Bitcoin not in fiat value is the VIP account in this forum, the price for the VIP account is 50 Bitcoins and never change until this point even though the price was skyrocket. Well, this has been discussed many times that bitcoin should not attached to the fiat, but in reality, people still see bitcoin in fiat value similar to other commodities such as gold.

[huige007]

No one ever buys nor sells anything in Bitcoin:

Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on.  All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars.  Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars.  Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business.    SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin   If you are still to dumb to get it read a few examples below:

If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month  That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month.  You would be working for almost nothing a year later.


WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

It is not wise to use the bitcoin as price of something as the price is very vulnerable and it can change pretty high or low anytime. So others are offering their products price via USD or any currency that are stable and they accept payment via bitcoin equivalent to the price in USD.

As there are very few stores right now that can afford to gamble in bitcoin vulnerability especially that bitcoin price can be easily manipulated by big investors.

Bitcoin is a very stable method of payment. You cannot deny its value and importance depending upon its fluctuating nature. It is strongest among all, and will soon gain a powerful place in everyone’s living. If you are calling it as vulnerable by comparing it with USD or other currencies, their price can also fluctuate. But the benefits you can gain from Bitcoin cannot be provided by the other currencies.

[Lauren Smith]

What crap are you talking? You pay the USD equivalent in bitcoin. The price would change automatically based on the market. I spend bitcoin more then i spend fiat. I really have no idea what you are on about. Have you ever paid for anything using crypto?

[Asuspawer09]

Also it is addressing the problems for which it was created. It was meant to deal with the financial problems of people who are not stable much.

ABSOLUTELY WRONG !!!

Bitcoin is hugely unstable, the price changes many times faster than fiat currencies.   The only Fiat that is more unstable than bitcoin is a fiat that is in UTTER COLLAPSE, like Venezuela...

Those that bought BitCoin at 20,000 or 14,000 recently are in MORE financial problems.


How dumb can you be ?

Agree, there are so many big transactions in the blockchain that is recorded. I think this is most of the time where bitcoin is getting a dump to transactions or buying or selling bitcoin because the market price of bitcoin is dumped a lot of investors or users do not get hype they this price for most of the investors that should be investing at this time since the market price is dump doing buy low and sell high method. It is more of a logic where they are going to invest in bitcoin when that market price is so high hoping that the bitcoin price is going to continue increasing its price in the market.

If you're talking about fiat money to bitcoin I think it is already part of the system since we also convert bitcoin to fiat money because still, we cannot fully use bitcoin as a currency since it is limited to some physical stores and even online.

[diahsw]

in fact, there are already those who make such rules in other countries ... they might consider it a technological advance. and in my opinion it depends on the assessment of each, I do not want to comment too much.

[FlightyPouch]

in fact, there are already those who make such rules in other countries ... they might consider it a technological advance. and in my opinion it depends on the assessment of each, I do not want to comment too much.

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

[Wintersoldier]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

[maydna]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

The more adoption, the more people will use crypto or bitcoin, and in that time, I think people will use crypto to make a transaction because they don't have to use bitcoin only, but they can use the other coins to pay something. They can still hold their bitcoin for a long time, and never sell it if they think that the bitcoin price at that time is not the price that they want.

I am sure that people will not just hold their bitcoin, but they also spend their bitcoin on many things, and bitcoin will be up and down and will still fluctuate. If the crypto accepted and becomes widely, many local stores will use crypto in their payment system. They can expand their business to another place because they can use one currency that will allow them to make a transaction without converting to the local currency.

[mamahdedeh]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

what is needed is the adoption of bitcoin for daily needs, so that it can spread to many people. at this time although there are some shops that accept payments via bitcoin, but I see it is not optimal, so it only has a small effect on cryptocurrency, on the other hand the role of government is needed to socialize bitcoin

[alisonwonder]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

what is needed is the adoption of bitcoin for daily needs, so that it can spread to many people. at this time although there are some shops that accept payments via bitcoin, but I see it is not optimal, so it only has a small effect on cryptocurrency, on the other hand the role of government is needed to socialize bitcoin

the problem is the fluctuation of bitcoin which makes most people still think of accepting bitcoin. besides that you can also see the transaction speed of bitcoin and the amount of fee might be a little heavy for those small shops accepting payments using bitcoin. but of course there are so many altcoins that might be an alternative, not necessarily bitcoin.

[tbterryboy]

I think everyone knows this, if they claim they don’t then I wonder what kind of sense such a person has. Companies and stores that are accepting bitcoin are doing it because they just want to do it and they are ready to go through the extra work it takes to exchange the money for US dollars, and kudos to them for that because I know that some of them are likely to experience some loss in the process of doing that.

They do all that for the good of Bitcoin and because they want to help people understand Bitcoin and also help create the awareness. It’s a matter of choice, and I do accept bitcoin as payment, I know what it takes to withdraw your money, before I get my money there’s probably going to be some reduction.

[Greatchu]

You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold 

[AniviaBtc]

No one ever buys nor sells anything in Bitcoin:

Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on.  All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars.  Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars.  Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business.    SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin   If you are still to dumb to get it read a few examples below:

If I were looking at car's, a they were advertising selling a Toyota Camry for 3 Bitcoins, one day it would be a total bargain, the next day a fair buy, and the next day it might be massively overpriced.

Would you rent an apartment that really operated on Bitcoin, priced  your lease in Bitcoin of 1/2 bitcoin per month  That would have been great at the beginning of the year, and you would be evicted and homeless now as the price more than doubled.

How about get your salary paid by BitCoin, lets say in January 2018 you took a salary of 1/10 bitcoin per month.  You would be working for almost nothing a year later.


WISE UP PEOPLE,  realize the difference between using bitcoin as a currency, and converting it t US Dollars to use as a currency  🙈🙈🙈🙈

It is not wise to use the bitcoin as price of something as the price is very vulnerable and it can change pretty high or low anytime. So others are offering their products price via USD or any currency that are stable and they accept payment via bitcoin equivalent to the price in USD.

As there are very few stores right now that can afford to gamble in bitcoin vulnerability especially that bitcoin price can be easily manipulated by big investors.

Bitcoin is a very stable method of payment. You cannot deny its value and importance depending upon its fluctuating nature. It is strongest among all, and will soon gain a powerful place in everyone’s living. If you are calling it as vulnerable by comparing it with USD or other currencies, their price can also fluctuate. But the benefits you can gain from Bitcoin cannot be provided by the other currencies.

The problem here is the volatility of bitcoin in the market, and it is impossible for holders to just hold it. Maybe some of them still but and sell bitcoin depends on their plan and vision on the bitcoin in the near future. It is about expectation and prediction if it is worth it to hold or it is worth it to sell now. Bitcoin is a risky thing to invest but very fruitful if it grows like what you've expected but they say that in bitcoin, "Expect the unexpected".

[serjent05]

Bitcoin being an alternative works the same way as other fiat currency.  If we want to buy something abroad, our local currency will then need to be converted in USD because it is the international currency used in inter-country trading.  But this thread is a discussion about anyone who is selling or buying in Bitcoin and if someone is accepting Bitcoin and a client wanted to buy something in Bitcoin, then both parties agreed to price the item in Bitcoin equivalent thus, the item is priced in Bitcoin.  

ABSOLUTELY WRONG...  All your denial and trying to dismiss the truth not change reality.    Bitcoin does NOT NOT NOT work the same way as other fiat currency.   Even in foreign countries, businesses, and people are not pricing anything in BitCoin.   You are just to emotionally invested in BitCoin to accept the truth, and trying to WISH something into reality that is not true  🙈🙈🙈

I can go to China and everything is priced in Yuan, and reasonably stable...  So contracts can be made based in that currency, leases, etc. etc.  This is NOT NOT NOT true with bitcoin.  So tell me, if it is the same, in which countries are rents and contracts being priced in Bitcoin  

It takes a special kind of stupid to say foreign currencies work the same as BitCoin.  You are the perfect example of someone that no one should ever take financial advice, or any other type of advice from.

Hard Facts

I can't believe you have a wild kind of imagination .  Taking a simple example to the extreme.   It is a simple question answerable by yes or no,

Do you see any item priced in Bitcoin?
Do you see/know/heard people pay an item in Bitcoin?

That is a simple question that is needed to be answered then all this argument is done.  And you can stick to your own belief as if I care.

[Webetcoins]

You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold 

It is accepted by the some companies, stores food places. Big companies including Microsoft, amazon, and subway accept Bitcoin as a method of payment. Well known food outlets including KFC, burger king is also using it for receiving payments. It is widely accepted at many places and this acceptance will increase with the time also. Small stores will also introduce it as a payment of method after its wide usage by the people.

[serjent05]

That's why I always insult those fomo bitcons and unreasonably worship bitcoin. We all know that no one wants to hold an asset or currency when its price can fluctuate from 10% - 30% in just a few days. We need stability in the value of money to be able to easily plan future plans. and then there are those who say that bitcoin should be a common currency and that the whole society will grow
I think those bitcoin worshipers should read this article and understand people's needs before speaking.

I also believe that Bitcoin will never be a national currency it will only be an alternative at best but OP somehow exaggerated and said that no one buys or sell in Bitcoin which in fact is not true.  There are already merchants who accept Bitcoin payment thus prove that his belief towards "no one"  is false.  And many buyers including me pay in Bitcoin to acquire services, items and goods where the provider is not in my country.  Though I agree with him that it is initially priced in USD or whatever currency it is but once a buyer wanted to pay in Bitcoin, it will automatically be converted and priced in BTC through third-party payment service. 

[Edraket31]

You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold 

Let's not get provoked with what he said as we all know that when time comes that the market is good, there will be a lot of FUD, fake news that will spread around the crypto world, they will manipulate the price trying to bag more as much as they could, so let's not waste our time thinking too much about what they said.

[Asmonist]

For now we cannot really buy some products and pay through bitcoin directly. Converting it to USD or to our local currency is the basic process. We all know that its not yet legalized to all countries and we are still utilizing our paper bills. I think there are online transactions like load or buying minutes, paying travel and bookings and some utility bills.

[doomistake]

We have the same mindset, but people think that if they spend bitcoin in a store that accepts it, it will help the bitcoin adaptation (how I wish) maybe a little, like 0.00001 percent, like the percentage of you winning when you play in the lottery. It is like over spending on to something that is cheap, or will be cheap when the time comes that bitcoin's price will take a come back.

Just like what you have said, if you guys bought something at 1 bitcoin, for example a small house or apartment in a third world country, then after a year or two, it will make you regret the fact that you spent 1 bitcoin on it, I mean I would rather use fiat because it is not heartbreaking since it is not volatile like bitcoin.

[Meowth05]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

what is needed is the adoption of bitcoin for daily needs, so that it can spread to many people. at this time although there are some shops that accept payments via bitcoin, but I see it is not optimal, so it only has a small effect on cryptocurrency, on the other hand the role of government is needed to socialize bitcoin

the problem is the fluctuation of bitcoin which makes most people still think of accepting bitcoin. besides that you can also see the transaction speed of bitcoin and the amount of fee might be a little heavy for those small shops accepting payments using bitcoin. but of course there are so many altcoins that might be an alternative, not necessarily bitcoin.

I also think that Bitcoin could be hard for people to use it in daily lives the fact that the volatility rate is too high yet transactional fees are expensive. Hence, I think it would be much better if we will use other cryptocurrencies like Ethereum or Ripple who don't have expensive fees and better speed. Talking about adoption, I think we are slowly getting into it as a matter of fact there are some stores are already accepting it as payment but I think in order to achieve this full adoption our government should make the first move.

[LogitechMouse]

Stores that claim to " accept " bitcoin are just providing a quick and easy way for you to convert your Bitcoin into US DOLLARS, which is what the store operates on.  All pricing is done in US DOLLARS, the store purchases their stock, pays their bills, and makes deposits into the bank and operates in US Dollars.  Having to convert Bitcoin into US Dollars at every transaction is MORE COSTLY, More Complex, More Time Consuming than just using US Dollars.  Using Bitcoin to pay in a store is NOT the better more efficient payment system that BitCoin initially promised, some stores are just willing to do the extra work, and go to the extra expense to get your business.    SERIOUSLY, could you imagine trying to run a store, and price something in Bitcoin   If you are still to dumb to get it read a few examples below:

I may agree with you with this.

At this moment, there are no establishments who are accepting Bitcoin ONLY right now as a mode of payment because it will be less hassle for the customers if they will use US dollars and same goes into other countries. What I'm doing is I'm still converting my Bitcoin into my countries currency so that I can use it to buy other things. Bitcoin for me is just an alternative way of payment if we will use it as a mode of payment because it is more costly (tx fees) and more hassle.

Even though this is still the problem of Bitcoin right now (scalability and High tx fees), I still believe that Bitcoin will fix this problems in the next years and will fulfill what is the main purpose of Bitcoin.

[HardFacts]

Even though this is still the problem of Bitcoin right now (scalability and High tx fees), I still believe that Bitcoin will fix this problems in the next years and will fulfill what is the main purpose of Bitcoin.

If it BitCoin can not become a payment system that was promised after so much hype, and 10 years, its NOT GOING TO HAPPEN.  There will be some crypto currency in the future that is fast and easy for payment, but it will not be BitCoin.   It will most likely be something like the following:

Libra
Federal Reserve Coin
Peoples Bank of China Coin

Since holding will have a benefit in the future, those owner or business man that accepts crypto Preferably just hold it since they know how it can help them in the future. They might already allotted budget for circulation of their business and when they accept btc it's more of as their investment, a backup when it's good to sell. All depends on our strategy to earn on it.

ABSOLUTELY DUMB STATEMENT:

What you are talking about is SPECULATION, not a payment system.   If I want to invest in BitCoin, I will just do it, I do not need to base my investments on when a customer uses it or not.   It would also be better for me to just invest in bitcoin myself, rather than dealing with the time and expense of using BitCoin as a payment system in business.

" Will have a benefit in the future "   Another dumb statement, you do not know if the price will go up or down.

[CarnagexD]

You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold 

Let's not get provoked with what he said as we all know that when time comes that the market is good, there will be a lot of FUD, fake news that will spread around the crypto world, they will manipulate the price trying to bag more as much as they could, so let's not waste our time thinking too much about what they said.

I guess this person's a troll. He can't even support his argument. Only relying on things that are happening when it has been clear right from the start that bitcoin capitalizes on the future and not on the present. It takes care of what'll happen with the world's economy and the world's wealth circulation when the last fiat money get's discarded, not how many establishments accept bitcoin payments. Heck, only thing that's stopping bitcoin from being a bonafide coin is the fact that our current technology is insufficient from supporting it.

[Webetcoins]

Since holding will have a benefit in the future, those owner or business man that accepts crypto Preferably just hold it since they know how it can help them in the future. They might already allotted budget for circulation of their business and when they accept btc it's more of as their investment, a backup when it's good to sell. All depends on our strategy to earn on it.

ABSOLUTELY DUMB STATEMENT:

What you are talking about is SPECULATION, not a payment system.   If I want to invest in BitCoin, I will just do it, I do not need to base my investments on when a customer uses it or not.   It would also be better for me to just invest in bitcoin myself, rather than dealing with the time and expense of using BitCoin as a payment system in business.

" Will have a benefit in the future "   Another dumb statement, you do not know if the price will go up or down.

This is not a dumb statement, this is true that prices fluctuate suddenly, you don’t know what will happen in future. But, let’s not take it as a discouragement for long term business. People do invest in long term business also, investing and then holding your coins can give you benefit, and you will not always lose. Here you need the good strategies, a close check of numbers and experience. If you cannot predict the good time in future let’s not make speculations of wrong time, be positive!

[worle1bm]

@OP you have to understand one thing, Bitcoin is not meant to overthrow US Dollar. Rather it is a mean to give some degree of financial freedom to individuals. Due to excessive laws related to earning and spending money, people usually are unable to do transactions without considering all taxes and fees. But using Bitcoins instead of US Dollars can give you liberty to receive or pay someone living in foreign country without thinking about any laws or restrictions.

[Ashong Salonga]

I get the point the OP have been talking about. Well, somehow he is right on having that point of view since we all do have different opinions regarding Bitcoin usage to purchase anything from merchants. Since the price of Bitcoin is volatile, we cannot standardize a price rate for something for the real price value for that can fall down or rise up which can be favorable or not to the merchant or the customer. What I can say is that we just need to know the price intended for that product so that we can just pay exact amount of Bitcoin for that purchase. Though it is in need to convert USD to BTC or vise versa, it is the only way possible as of the moment to use Bitcoin as payment option. But soon when the world have already adapted into using this currency, for sure this problem on using Bitcoin will be resolved and many people who owns Bitcoin can use it freely.

[HardFacts]

This is not a dumb statement, this is true that prices fluctuate suddenly, you don’t know what will happen in future. But, let’s not take it as a discouragement for long term business. People do invest in long term business also, investing and then holding your coins can give you benefit, and you will not always lose

You obviously know ZERO about running a business...  A business can not price products, or services in BitCoin that can vary wildly in value from day to day, but it up or down...   Try charging RENT on a house for say 1/2 BitCoin per month, that could be fine last month, the price of BitCoin going up would make your rent crazy expensive in just one month later, leaving you with no tenants.  Same problem for pricing products, services, etc in BitCoin, moves both up and down can be bad and make stable business impossible.

You are the typical FOOL that thinks he knows something, but in reality is totally ignorant.

Hard Facts

[rexxarofmoknathal]

I dare to disagree with the idea that nobody buys or sells BTC anymore. The fact of the matter is that compared to how it was before the pandemic the BTC market is becoming more dynamic since more and more people either sell BTC for quick and much needed cash while others buy in in anticipation of the forking event. All in all, BTC market has become more dynamic now than it was a couple of months ago with people mainly holding.

[HardFacts]

I dare to disagree with the idea that nobody buys or sells BTC anymore. The fact of the matter is that compared to how it was before the pandemic the BTC market is becoming more dynamic since more and more people either sell BTC for quick and much needed cash while others buy in in anticipation of the forking event. All in all, BTC market has become more dynamic now than it was a couple of months ago with people mainly holding.

YOU DO NOT UNDERSTAND GRADE SCHOOL LEVEL ENGLISH:   You are talking about trading BitCoin for US Dollars and vice versa...   That is far different than pricing goods and services in BitCoin and using only BitCoin as a currency.

WISE UP...

[xSkylarx]

If you are the store owner would you sell your bitcoin right away knowing that the price is not profitable for you and you would realize losses compared to selling your products directly in fiat? Of course not. If you are accepting crypto as payment this is common knowledge. Bitcoin is created to be a substitute for fiat since transactions are easier.

[HardFacts]

Bitcoin is created to be a substitute for fiat since transactions are easier.

BitCoin FAILED as a substitute to make common transactions, even the most dedicated BitCoin people know this FACT...   Seriously, you have to be delusional or utterly stupid to not know this by now 

Hard Facts

[fiulpro]

I do think you realize that we have a lot of problems like

• limited places willing to accept Bitcoins due to volatility
• people unwilling to pay to transfer fee , with lightning it is much easy but still it is not that safe.
• Bitcoins being primarily used by the user as an asset rather than a form of payment
• People charging more when they accept payment in Bitcoins
• possibility of the person accepting Bitcoins going into a huge loss in a matter of seconds

There are a lot more , one should understand that it is not easy to find stores willing to even do that much and at the same time I do not think it is necessary to use Bitcoins as normal money since it might do the trick but the volatility makes it a much risky matter.

[HardFacts]

I do not think it is necessary to use Bitcoins as normal money since it might do the trick but the volatility makes it a much risky matter.

FINALLY A RATIONAL PERSON...  I have to agree, I would be happy if BitCoin made me a millionaire and I did not have to work anymore      I would not care a bit if it is used for everyday transactions or not...

Hard Facts

[Ailurophile]

We couldn't use it as you want it to be because of the volatility I think it is still too far from happening.
BTC price needs to be stable in order for the store's to use it as it is to make each price in crypto not in usd terms.

[Strufmbae]

it depends in the scale soeey

[Mulann2]

I think you are right, I mean who are we deceiving, I doubt anyone will ever fully rely on buying anything with btc, I wont do that either, I guess this is the reason why btc can't be fully accepted as a means of payment or act in place of fiat, what will you do with the constant price changes, btc can only be a good investment but can not serve the purpose of fiat.

[HardFacts]

I think you are right, I mean who are we deceiving, I doubt anyone will ever fully rely on buying anything with btc,

A lot of people here are DECEIVING THEMSELVES    Utterly STUPID people like members of a Cult that so desperately want to believe something, that they totally ignore reality and evidence...   Just look at some of the responses to this subject, complete and utter fools.

NEVER, NEVER, NEVER listen to people like that, they are the dumbest of humanity.

Hard Facts

[Ronaldcoin2017]

Many people believe that bitcoin is more precious than gold well i think they are right, but there are also some aspect that the says maybe they are wrong. But for me every little action that drive everything to lose or maybe earn in crypto is always depend on how we use it or understand thing that is really difficult to understand controlling emotion in bitcoin is strictly needed.

[Janation]

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

And why converting Bitcoin to fiat a way to help?

I don't see the difference in selling your Bitcoin to the exchange and this one. If people will be doing this, that just means they are just dumping their Bitcoin and obviously, in the long run, there will be an effect. We don't need to push people to use cryptocurrency, let them decide what they wanted to do, if they don't want to, it is their loss, not yours.

[HardFacts]

Many people believe that bitcoin is more precious than gold well i think they are right, but there are also some aspect that the says maybe they are wrong.

WRONG, WRONG, WRONG, an INFINITE amount of Crypto Currencies can be created, just like Fiat....   There is nothing special about BitCoin, it has no monopoly on the Crypto Currency market.  With a million crypto's they can all become worth very little.

Hard Facts

[verita1]

According to my experience, I cannot save all my BTCitcoin as My precious Treasure. If all my income is based on Bitcoin and cryptos, I must go to exchange to receive FIAT for my Bitcoin. When trading I choose crypto and if I do not have crypto I must use a small amount of Bitcoin. Because I understand that we must save now in times of crisis, in this position I must play my best strategy to deal with volatility.

[Debonaire217]

For now I guess this is true. Why? Because people know this way they can earn money from bitcoin. But as time passes by, bitcoin becomes a necessity, a money that will unite nation by nation. With that, when a recession comes, people will find the true value of bitcoin. Would that be alright? Because as of now, for me this is induces positive effect in bitcoin as a whole. because this way we are introducing bitcoin to the world, so they can learn what it is and how it works. They might not appreciate it that much but we should keep on believing that it has its value soon, as our reserves like gold, could be traded directly for goods and services we need.

[HardFacts]

But as time passes by, bitcoin becomes a necessity, a money that will unite nation by nation.

That will NOT, NOT, NOT happen... You are living in FANTASY LAND 

There are a LOT of cryptos that will better serve this purpose, but in the end it will not be BitCoin.  It will likely be Federal Reserve Coin, Peoples Bank of China Coin, SDR Coin, etc. etc.

Hard Facts

[pawanjain]

Bitcoin was not meant to be converted to US dollars at all!
Everybody pairs bitcoin with US dollars while it should not be paired with any fiat currency at all.

All your examples cannot be considered valid when they are not paired with any fiat.
A car bought for 1 BTC will stay for 1 BTC throughout the year unless it's owner doesn't changes it's price.

Obviously it's difficult now to not pair bitcoin with US dollar. But I do hope this trend will change some day.

[Anonylz]

I think occasional transactions from here there but not constant way of making transactions, I know there are some online stores that do accept btc as mode of payment but the truth is many people still rely heavily on fiat than btc, price is very unpredictable, it will be very hard to have the right price when using btc, because both buyer and seller at risk of gaining or losing with the transaction,
Only very few times I have use btc to buy something online, I buy it for investment sake than to transact with it.

[HardFacts]

A car bought for 1 BTC will stay for 1 BTC throughout the year unless it's owner doesn't changes it's price.

Obviously it's difficult now to not pair bitcoin with US dollar. But I do hope this trend will change some day.

Pawanjain, You are a TOTAL FOOL....  I bet even the biggest supporters of BitCoin are laughing at your utter stupidity.

You obviously are not smart enough to run a business, you could NEVER price a car for a fixed amount of BitCoin for an entire year, you would be out of business.   The value of BitCoin changes wildly, not just compared to US Dollars, but any asset you want to measure it against, even cars....

You are a perfect example of a Cult Member, who totally rejects reality, and never lets facts get in the way of the fantasy you want to believe in.

Hard Facts