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Author Topic: How do you use bitcoin?  (Read 2264 times)
celot
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November 05, 2020, 03:59:01 PM
 #21

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.
Many countries have legal using bitcoin as currency payment except my country still illegal if you wanna use bitcoin as payment currency transaction, still not available when you buy some thing and use bitcoin for payment way. Just I use bitcoin as investing and trading transaction for earn profit and money. Still large people in my country do not know with bitcoin and need education early how to make bitcoin as payment transaction, how to get profit after bitcoin become legal transaction because many people just think bitcoin as investment only right now. Optimist few years later bitcoin will be legal transaction payment if have higher price and always more advantage after using bitcoin as currency than make transaction with fiat only.

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November 05, 2020, 04:19:03 PM
 #22

Yes, many countries are not adopt bitcoin as their legal currency but it is not a big issue as bitcoin is a decentralized coin. Most of the time I sell bitcoin for fiat currency and some times I buy from online.

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November 05, 2020, 04:35:54 PM
 #23

In my country Bitcoin is not legal. Also government don't bann Bitcoin. I'm holding Bitcoin. When i want to sell Bitcoin then i convert it into other stable coin or other coin then sell it to the trader. In my country so many trader also buy Bitcoin. I sell Bitcoin to them. Till now i don't face any problem.

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November 05, 2020, 05:34:34 PM
 #24

In my country Bitcoin is not legal. Also government don't bann Bitcoin. I'm holding Bitcoin. When i want to sell Bitcoin then i convert it into other stable coin or other coin then sell it to the trader. In my country so many trader also buy Bitcoin. I sell Bitcoin to them. Till now i don't face any problem.
Bitcoin is not legal in the country where I live.  As long as I've been involved with Bitcoin, I haven't had any problems selling or using Bitcoin.  I can sell bitcoins to local buyers and get cash if I want.

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November 05, 2020, 05:42:01 PM
 #25

As of now, I am exchanging cryptocurrency into fiat currency and use it to buy my necessity and wants in real life. I also do trading and investing at the same time. I know how good cryptocurrency in terms of having fast transactions based on some of the information that I read on the internet but sad to say I haven't tried it yet because its cryptocurrency is not familiar or popular in our country. I am looking for 5-10 years that bitcoin will be recognized in our country and we can use it for some other things.

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November 05, 2020, 05:51:46 PM
 #26

I'm pretty confused with your question if it's illegal to use a Bitcoin on that country I wouldn't use it at all.
but of course I will try to avoid a country where cryptocurrency is illegal but if I'll be a tourist I'll convert first my Bitcoin to fiat to avoid using cryptocurrency while at the country.
But if you are talking about in my country well it's legal on where I'm currently living but the not many people are using it since they are not familiar to cryptocurrencies.

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November 05, 2020, 05:53:57 PM
 #27

Aside that I use bitcoin to purchase services I can't spend fiat on online and bitcoin is accepted for such services.

As a digital currency, this is one major function and also a big use for me. There are some stores that you easily transfer btc to rather than converting local currency to dollar. Such transactions are easily done through bitcoin.
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November 05, 2020, 05:54:36 PM
 #28

In my area, bitcoin is indeed illegal and the government has said that the use of bitcoin in my country is fine, but if there is a risk it's not their responsibility like that, we can still use bitcoin in assets but still in any transaction it is illegal to exchange it to fiat first and some online tokon services still don't provide payment with bitcoin.

But still bitcoin can still be used as an asset and your investment in the future, but I think that in the future it will be adopted again after the times that continue to increase.

Heard some news also that the government will use blockchain as its network.

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November 05, 2020, 06:19:19 PM
 #29

We can actually use it here to pay for goods and services that is why I am happy that Bitcoin is embraced by our country. Some people don't even experience using it on their respective country because their government don't allow them to instead made strong action against it. I am hoping that local businesses, companies and institution will soon be accepting Bitcoin.

If that happened,  a lots of benefits will be acquired.

Not just by people who already knew it but also those who are going to start embracing the system, the transaction from borders to borders will be much quicker, I'm also glad that from where I've been bitcoin is not prohibited though not been embraced by many but I do have options to use it for.
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November 05, 2020, 06:25:52 PM
 #30

Amidst this pandemic, I only hold some of my bitcoin and monitor the market. It is really hard to spend bitcoin and trade it because of this crisis and I'm looking forward to trade it when I think that I'm on the right time. I mainly use bitcoin as an investment and I never spend it for some other sustenance purposes for this quarantine. Also, there's no bitcoin ATM near our place and it is hard to utilize bitcoin when buying my needs in daily lives. Just hold and be patient, be observant and do your best to fight volatility in the market. I know that I'm not the only one who are struggling right now due to pandemic and most of us are suffering and forced to spend bitcoin for our necessities.

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November 05, 2020, 06:38:07 PM
 #31

No momento nao os utilizo, somente faço traders em momentos de alta. Sempre comprando na baixa e vendendo em alta.BTC
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November 05, 2020, 07:07:25 PM
 #32

When bitcoin never yet legalized in my country, it hard for people to make use of bitcoin in the country. I will never forget 2016,when our government impose the law to the citizens of the country, if anyone caught with bitcoin or wallet shall be jail for 10 years. Many fell victim with the law on ground which make them to spend ten good years in prison because they were caught with wallet full with coins.
At 2017 our government now come to discover that bitcoin is not a scam but a good currency which anyone can use to invest and make a good profit. Bitcoin was fulling legalized in the country march, 2017 which really give all the bitcoin user joy and a big celebration in the country that make the government know how important it is to them to improve their businesse mightily in the country.

Bitcoin is a good investment for those who really understand how it work in the areas of investment. No taxes is pay to government before you can start investing in the country. Your bitcoin is your bitcoin and your wallet details are well safe.

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November 05, 2020, 09:50:35 PM
 #33

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

There are many ways how to use your bitcoin in the country has not accepted bitcoin.
Maybe we can change it to dollar in the exchange site if bitcoin not accepted and there for we not gonna caught of what we doing.
But if what the rules in our country we must follow on it than to break the rules and go to jail. Safety first before we act and find a way of how to solve the problem in comes using bitcoin.
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November 05, 2020, 10:10:54 PM
 #34

I use bitcoin for making online purchases and also for buying gift cards.
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November 05, 2020, 10:11:12 PM
 #35

What I mostly use bitcoin for is to trade. And secondly, is to payment on merchants that accept it. It's very hard to find physical stores that accepts bitcoin. And if can't find any, you exchange it for fiat
Trading is what it can be used for mostly.

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November 05, 2020, 11:05:48 PM
 #36

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

in my country Bitcoin is still not legal, but I still invest in Bitcoin and only use it for long term investment, because I believe that someday big countries will start to believe in Bitcoin and legalize Bitcoin as a digital currency, so my country will definitely legalize Bitcoin as well and not only my country, but I believe almost all countries will legalize and use Bitcoin as a digital currency too, so the price of Bitcoin will definitely increase very high and of course it will give me a big profit in the future.

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November 05, 2020, 11:28:31 PM
 #37

Eventhough, I am using bitcoin for three years I can't use it totally in my country. I just use it when I am going to transfer payment in this forum. The people in this country still have no trust in cryptocurrency. They prefer to use other wallets such as paymay, paypal and gcash. In merchandise or stores, I did not still paid using my bitcoin. However, it is free for us to use bitcoin or other cryptocurrency in my country.

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November 05, 2020, 11:53:19 PM
 #38

I'm pretty confused with your question if it's illegal to use a Bitcoin on that country I wouldn't use it at all.
but of course I will try to avoid a country where cryptocurrency is illegal but if I'll be a tourist I'll convert first my Bitcoin to fiat to avoid using cryptocurrency while at the country.
But if you are talking about in my country well it's legal on where I'm currently living but the not many people are using it since they are not familiar to cryptocurrencies.

There are some cryptocurrency users who live in a country where bitcoin is considered as illegal. OP is talking about those countries which bans bitcoin from using and patronizing by the citizens . Some government in different countries are afraid of what things bitcoin do that's why they labeled bitcoin as illegal. Too sad for those people out there who are interested in bitcoin but needs to limit the transaction they are making so that they will not be traced. In our country, it is a good thing that I am unable to experience this because our country is open for bitcoin though it is not yet formally legalized.
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November 06, 2020, 02:02:51 AM
 #39

In the country where I live so far there have been no problems using bitcoin and only at first there were pros and cons in news about bitcoin, but until now the news about bitcoin is fine and bitcoin can only be used legally for investment or as an asset. and but there are rules imposed by the government that must be obeyed.
and unfortunately bitcoin cannot be used as a means of buying and selling transactions, and for me it doesn't matter because as long as I can use bitcoin freely and can exchange it into my country's currency to be able to make any transactions, that's been amazing for me.


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November 06, 2020, 04:10:53 AM
 #40

I have no problem using bitcoin here where i live even if it doesn't become legal everyone can use bitcoin as they wish there are no government restrictions here there is no problem in buying and selling but bitcoin is not yet legalized in many countries which is very sad. If they only knew how to use bitcoin properly they would never avoid it bitcoin is more profitable than fiat currency in our country it is very easy to convert bitcoin into fiat currency.
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