Buying food or groceries with Bitcoin

[mezzaluna]

I think Bitcoin was made for the sole purpose to be used for payments. Everybody at least remembers that time when that Guy bought a Pizza with lots of Bitcoin and people today are doing that also. Some businesses need to venture on the part where they can expand their payment methods that will result in multiple currencies to be used.

Buying food and groceries will really be useful for a lot of Bitcoin owners because they can use it at their own utilization.

[Reatim]

I think Bitcoin was made for the sole purpose to be used for payments. Everybody at least remembers that time when that Guy bought a Pizza with lots of Bitcoin and people today are doing that also. Some businesses need to venture on the part where they can expand their payment methods that will result in multiple currencies to be used.

Buying food and groceries will really be useful for a lot of Bitcoin owners because they can use it at their own utilization.

Bitcoin is a currency so what is the use of currencies?to pay for everything from services to product.

The only problem here is the way Bitcoin presented to the people,everyone think of this as investments as a currency to spend so the more accumulation people wanted.

If this thing realizes by the people inside crypto and if the adoption happen together with this?
Then the world of crypto will change forever .

[wxxyrqa]

I think Bitcoin was made for the sole purpose to be used for payments. Everybody at least remembers that time when that Guy bought a Pizza with lots of Bitcoin and people today are doing that also. Some businesses need to venture on the part where they can expand their payment methods that will result in multiple currencies to be used.

Buying food and groceries will really be useful for a lot of Bitcoin owners because they can use it at their own utilization.

Bitcoin is a currency so what is the use of currencies?to pay for everything from services to product.

The only problem here is the way Bitcoin presented to the people,everyone think of this as investments as a currency to spend so the more accumulation people wanted.

If this thing realizes by the people inside crypto and if the adoption happen together with this?
Then the world of crypto will change forever .

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

[Spaffin]

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

Everything will depend primarily on whether the state accepted cryptocurrency or not. Each businessman must report on his income to the government and therefore the sale of products and other goods for Bitcoin should be legal.

[Oceat]

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

Everything will depend primarily on whether the state accepted cryptocurrency or not. Each businessman must report on his income to the government and therefore the sale of products and other goods for Bitcoin should be legal.

"When paper money begins to depreciate" is just too general. It doesn't apply to all of the country, it all depends on what economic situation in each country has and merchant can only decide wether they want to adapt the cashless market it still depends if the demand is high. Although, we have seen already Cafe's and restaurants accepting Bitcoin so I think it might happen someday.

[ReiMomo]

~snip~
Although, we have seen already Cafe's and restaurants accepting Bitcoin so I think it might happen someday.

As I have been noticed because these small merchants are usaully have a micropayment which is bitcoin is very suitable on that transaction.
But I don't think so if merchants that have a big amount to pay, I guess that is the reason others choose a bank account or even credit cards for bulk orders.

I guess that will happen that there is mass adoption of bitcoin and become a global payment method. But, not now. There's no time frame for that but as I can see we are heading on regarding that speculation.

[gamer4156]

Bitcoin is one of the most popular currencies today in all over the world. Many countries do not currently accept Bitcoin, but you can buy anything by converting it to your country's currency. In the future, you will be able to buy not only food and groceries but everything through Bitcoin. Wait for the whole world to declare the validity of Bicoin.

[Negotiation]

It will take a long time to buy food or groceries with Bitcoin because Bitcoin is not yet legalized in many countries. But Bitcoin is a digital virtual currency that you can transfer via the Internet.

No other currency can be transferred in this way. With the help of the net, one person can send bitcoin to another person. This means the cost of sending bitcoin is lower. You can send this currency to any country without hiring any kind of representative or intermediary.

[Janation]

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

Everything will depend primarily on whether the state accepted cryptocurrency or not. Each businessman must report on his income to the government and therefore the sale of products and other goods for Bitcoin should be legal.

I don't think businessmen has problems with it.

Unless if the government insisted that they needed to monitor each of those companies or corporations that accept cryptocurrencies, that is when they will submit something about their profit in cryptocurrencies since they are already submitting these reports in income since they are paying taxes, right? So I don't think we have a problem with that. Either way, the people should be introduced by it so they will be using it.

[Kabul]

It will take a long time to buy food or groceries with Bitcoin because Bitcoin is not yet legalized in many countries. But Bitcoin is a digital virtual currency that you can transfer via the Internet.

No other currency can be transferred in this way. With the help of the net, one person can send bitcoin to another person. This means the cost of sending bitcoin is lower. You can send this currency to any country without hiring any kind of representative or intermediary.

Not only Bitcoin is not legalized but it is also not accepted and understandable by common people. In my country, Bitcoin is still being thought of as if it were a tool for scammers to work with. Many people have been tricked to buy "cryptocurrencies" (which are not) with the hope to quickly become rich. It's a common-sense that Bitcoin is a scam.

Even when people don't think Bitcoin is a scam, they still think Bitcoin is a very high-tech thing that they can't understand and use it. Therefore, to start to make it more common among society, we must inform people about Bitcoin to help them understand it first.

[fiulpro]

Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.

Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?

I don't think it will be feasible.

Even though we have seen people buying coffee and other small stuff with Bitcoins , one should realize that , no matter what you will have to give fee to the miners , even lightning network is not completely free , at the same time I don't think people will continue to use lightning network after possibility of attack by hackers and other people.

Therefore I do think before this to continue we need to have two things :
1. Improve the lightning network
2. Invent some alternative to lightning network

Then only we will be able to see Bitcoins being used for day to day activities.




https://www.coindesk.com/bitcoins-lightning-network-is-vulnerable-to-looting-new-research-explains

You can read this article where it explains how vulnerable it is ^

[Reatim]

I think Bitcoin was made for the sole purpose to be used for payments. Everybody at least remembers that time when that Guy bought a Pizza with lots of Bitcoin and people today are doing that also. Some businesses need to venture on the part where they can expand their payment methods that will result in multiple currencies to be used.

Buying food and groceries will really be useful for a lot of Bitcoin owners because they can use it at their own utilization.

Bitcoin is a currency so what is the use of currencies?to pay for everything from services to product.

The only problem here is the way Bitcoin presented to the people,everyone think of this as investments as a currency to spend so the more accumulation people wanted.

If this thing realizes by the people inside crypto and if the adoption happen together with this?
Then the world of crypto will change forever .

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

everytime all talks future and future but we are living in present so what do you want people to expect?
We all believe here in the future of cryptocurrency that is why we vested our money inside with no really assurance at all because of that said trust.

But never forget that not all people can eat without making problem about their potential investing.
This is reality of life so let those who has capacity to wait enjoy their investment.
and let those who want to make profit in daily basis choose their paths as well.

[Genemind]

Sure, in time Bitcoin can be used anywhere. The reason why Bitcoin is not yet used as a medium of payment is that it is still viewed as a store of value. Even in our country, there might be only a few merchants or stalls who accept crypto since mass adaptation or cryptocurrency knowledge or awareness is small.

It would be a waste for some business to accept cryptocurrency with only a few users on it in an area.

[palle11]

It will take a long time to buy food or groceries with Bitcoin because Bitcoin is not yet legalized in many countries. But Bitcoin is a digital virtual currency that you can transfer via the Internet.

No other currency can be transferred in this way. With the help of the net, one person can send bitcoin to another person. This means the cost of sending bitcoin is lower. You can send this currency to any country without hiring any kind of representative or intermediary.

About grocery it is yet to come to real too in every aspect of the country. I think it is possible already to transfer btc to pay for commodities and grocery for someone living in another country. Bitcoin fee is lower for large transactions if compared to pay in bank.

[Chris Barth]

I don't "think" that in the future it'll be possible to pay at a restaurant using bitcoin; I "know" that it will happen! That is if only it isn't already happening in some part of the world cause I remember a post someone made about how he paid for something in a local store using bitcoin.

[TitanGEL]

I think Bitcoin was made for the sole purpose to be used for payments. Everybody at least remembers that time when that Guy bought a Pizza with lots of Bitcoin and people today are doing that also. Some businesses need to venture on the part where they can expand their payment methods that will result in multiple currencies to be used.

Buying food and groceries will really be useful for a lot of Bitcoin owners because they can use it at their own utilization.

Bitcoin is a currency so what is the use of currencies?to pay for everything from services to product.

The only problem here is the way Bitcoin presented to the people,everyone think of this as investments as a currency to spend so the more accumulation people wanted.

If this thing realizes by the people inside crypto and if the adoption happen together with this?
Then the world of crypto will change forever .

When paper money begins to depreciate, and inflation begins to eat up all the savings of people, then we can expect great interest from the public in cryptocurrency assets with a guarantee. the money supply is growing very rapidly today, and governments are making people poor who already do not have the means to live. I believe that in the near future we will have a more developed infrastructure network for using cryptocurrency in everyday life.

everytime all talks future and future but we are living in present so what do you want people to expect?
We all believe here in the future of cryptocurrency that is why we vested our money inside with no really assurance at all because of that said trust.

But never forget that not all people can eat without making problem about their potential investing.
This is reality of life so let those who has capacity to wait enjoy their investment.
and let those who want to make profit in daily basis choose their paths as well.

Most of us have expectations that can considered  too high towards cryptocurrencies and the future payment system because we programmed to say so. There are a lot of people who are focusing on future than on present and it is the wrong part because what we focus on present, it expands that it will become our future. Many people says bitcoin will become the future payment system but all of them are not spending their bitcoin and just holding it. There is some contradicting sentence that I keep seeing. Anyway, as long as we patronize bitcoin and other cryptocurrencies; for sure it has a good future so expect that its value will rise soon.

[SiDtHeBeSt]

Well i think sooner or later we will see more and more services starting to accept bitcoin for their goods as it has been gaining popularity for a long time and some services have already started accepting btc as a payment option. Even though it has become more popular there are still a lot of people who have a little to no idea about bitcoins and I'm pretty sure there are people who don't trust btc completely as of now, I think these people, once they have enough knowledge (if) about btc might start using it. But we'll have to wait and watch.

[Leviathan.007]

In my own idea, one important problem about buying food or stuff from market with Bitcoin is the long transaction time for rather small amount of money comparing to fiat. I mean, of course when you are talking about transferring millions of dollars Bitcoin is much faster comparing to fiat. But, regarding to small transactions like 5-10 usd you will to wait for a few seconds or minutes, Otherwise, you will need to pay huge transaction fee for your small money you are going to pay. However I guess, there will be a solution for this real soon when some more supermarkets accept Bitcoins as a payment method.

[gentlemand]

Unless you're desperate I can't see a time when anyone will want to spend their hoard on consumables. It's simply not how humans are programmed.

Imagine paying 50 BTC for a tank of gas in 2011. You got 3-400 miles of forward motion vs a very nice house a few years later.

There'll come a time where the gains are much lower but it'll still always deflate. It'll be the very last thing you want to spend on everyday trivialities.

[klavyemaus52]

When i see this topic hood im remembering the guy who buys pizza with 10.000 bitcoin..

Thats really amazing. 92.290.700,00 dollars for a 2 pizza . (current price)

But if we could be able to buy foods with bitcoin in this time , it would be very slow because as you know bitcoin transaction time
is slow. We should use altcoins for it like eth or ltc.