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

[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.

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[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.