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Author Topic: What Can Be Bought With Bitcoin?  (Read 572 times)
hatshepsut93
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December 20, 2020, 08:55:14 PM
Merited by o_e_l_e_o (2)
 #21

Yes, we all want to see a higher price, but a higher price only comes with increasing adoption, and increasing adoption only comes with people actually using bitcoin for its intended purpose - a currency. If everyone stopped spending and transacting with bitcoin right now, the price would rapidly fall to nothing.

There has been so little Bitcoin adoption by consumers and merchants in the recent years, and still the price grows. Bitcoin will not be worthless even if no one uses it for consumer transactions. Gold is not used to buy anything in stores or online, yet it's still very valuable. This current rally, which already brought us from $10,000 to $23,000 is driven by institutional investors, who say that they buy Bitcoin because they view it as a hedge against inflation. I don't remember any of them saying that they believe that Bitcoin will be a popular payment method.
 
Not saying here that no one should spend their Bitcoin, but I don't think we should force ourselves to, especially if it means having to take worse offers, higher fees and other inconveniences.
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December 20, 2020, 10:03:52 PM
 #22

Are there people out there selling their goods and services that I can pay with bitcoin? I need some real places where I can pay with BTC without first converting to fiat.
Sure there are people out there who offers their services and can be paid with bitcoin. I believe there are websites in the internet where you can find such, including those which have been mentioned before me.

Aside from services offered by people, you can also buy goods like clothes, food, or other merchandise with bitcoin. Here in our country, several online shops are accepting bitcoin as a mode of payment. I just don't know about yours but maybe you can try and explore. There could be shops accepting bitcoin as well that you don't know yet.

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December 20, 2020, 10:06:44 PM
 #23

If you want to use Bitcoin as payment, there are quite a few websites that accept Bitcoin payments, you can search on google or
there are many members here who share website links to spend Bitcoin. I am happy to hear that if someone wants to buy goods
or pay for services with Bitcoin, this means Bitcoin can be useful as a currency. Like Satoshi Nakamoto's original goal of creating Bitcoin.

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December 20, 2020, 10:06:54 PM
 #24

Actually when it comes to utilization, bitcoin as a digital currency has low use compare to fiat currency but it still could be use like fiat currency as an exchange for products and services. Yet, most of the bitcoiners see bitcoin as an asset, or reserve money for future use. Holding bitcoin for long term means it will be good for them because bitcoin value is just like the new gold that can go expensive over a period of time.
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December 20, 2020, 10:11:27 PM
 #25

I don’t believe OP asks this question because it really needs an answer, because someone who deals with SEO should know how to search the internet when it comes to such a simple thing.

It could also be that he asked it here so other who may need the answer (in the future) can be referred to this thread. Or maybe, he just wanted to know. I'm saying this cause his question was simple and straightforward to be suspicious.



 

 

 

 

 

 


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December 20, 2020, 10:13:09 PM
 #26

In my own opinion, I would rather use bitcoin as an asset or investment. Bitcoin as a digital currency is a little bit complicated and costly when use in payment due to transaction fee from the third party service taken that if the establishment accepts bitcoin and convert it to fiat. We know that this is mostly the reason why it is costly to use bitcoin as payment due to the fact that establishment that accepts bitcoin does not literally accepting btc as btc rather a converted btc to fiat currency to get a more stable currency for their operational expenses in the establishment to get. They need to get the profit for them also to spend it in order to continue their service.
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December 21, 2020, 12:26:58 AM
 #27

Many things can be purchased using bitcoin, bitcoin is a digital currency and can be used to purchase anything in the world. In some nations bitcoin isn’t authorized so bitcoin enthusiasts in those countries hide all their bitcoin activities and account. In such countries you can’t come up straight and purchase anything using bitcoin because of the government policy.

Why should you be looking for how to spend your bitcoin, you should be saving it or better still look for better investment platform to appreciate your bitcoin.

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December 21, 2020, 03:44:44 AM
 #28

Are there people out there selling their goods and services that I can pay with bitcoin? I need some real places where I can pay with BTC without first converting to fiat.

There is one bar and restaurant near my place that already been accepting bitcoin and other crypto coins as a payment. To tell you honestly, I still haven't try to pay my btc to such places as the fees are higher with bitcoin's new ATH at the moment. But it was a grear experienced one time last year when I went back to my province and pay btc in a gasoline station.

Hope you can find one near your area so you may not need to convert it into fiat and directly pay goods using your btc.
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December 21, 2020, 04:45:01 AM
 #29

Are there people out there selling their goods and services that I can pay with bitcoin? I need some real places where I can pay with BTC without first converting to fiat.
Yes, there are a lot of people out there willing to sell their goods and offer services that youcan pay with Bitcoin but first you must be specific on what you are looking for. If you are looking for a real place I think Japan would be great.



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December 21, 2020, 05:06:47 AM
 #30

I think you already have your answers to your question, there are many links provided by some members, You can edit your thread and post what country do you live in so there would be more accurate suggestions for you, there are many different establishments that already accept bitcoin as the means of payment but it still depends on the country but doesn't spend tour bitcoin just to say that you have bought something with the use of bitcoin, it still better to keep on holding it.

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December 21, 2020, 05:57:12 AM
 #31

Yes, we all want to see a higher price, but a higher price only comes with increasing adoption, and increasing adoption only comes with people actually using bitcoin for its intended purpose - a currency. If everyone stopped spending and transacting with bitcoin right now, the price would rapidly fall to nothing.

There has been so little Bitcoin adoption by consumers and merchants in the recent years, and still the price grows. Bitcoin will not be worthless even if no one uses it for consumer transactions. Gold is not used to buy anything in stores or online, yet it's still very valuable. This current rally, which already brought us from $10,000 to $23,000 is driven by institutional investors, who say that they buy Bitcoin because they view it as a hedge against inflation. I don't remember any of them saying that they believe that Bitcoin will be a popular payment method.
 
Not saying here that no one should spend their Bitcoin, but I don't think we should force ourselves to, especially if it means having to take worse offers, higher fees and other inconveniences.

Indeed. Bitcoin had really dominate also the market in reality. Bitcoin today can be used almost in any transactions like buying online and even in offlines. Bitcoin is one of the best thing that happened to us these past few years. Who knows that it will be a big thing today and it will gonna rise the value of it like to the moon. Bitcoin can be used specifically in buying online items, online foods and online transactions. Also, bitcoin provides a less hassle ttansactions because you just only need to bring your gadget that can be used in using your savings. But we all know that bitcoin is a very risky cryptocurrency in terms of value because it is decentralized and not stable. Yet bitcoon also provides a lot of different ways on earning it. You just need to know how and where to earn so that even in small steps, you can earn good. And buy those things you want and need.
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December 21, 2020, 06:05:09 AM
 #32

Why do you need places like that though? There is no need to spend your coins just for the sake of spending them. I mean, I'd rather hold my coins instead of doing that. That being said, there are multiple shops/online services (that I've personally tried) such as Shelly or Shoppy where you can buy accounts with Bitcoin, Mega.nz if you need cloud storage, ProtonVPN, and so on. The links shared by leo above is quite a good start.

I think he just wanted to try for himself how does it feel to pay something with bitcoins physically. well, that's not easy though, especially when you live in the area where bitcoins are not recognized but if you find one, an honest review would really help well. I remember someone had some problem doing so when he paid with BTC on the restaurant and the payment wasn't successful because it's taking so long than usual.
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December 21, 2020, 06:38:57 AM
 #33

This is a topic title that is quite intriguing and quite confused because it is asked by those who may already be familiar with Bitcoin, although not specifically. Obviously we follow crypto because there are bitcoins and altcoins that can be used for all transactions if we have, of course, you just have to see their use whether in your own country it is recognized as a legal payment instrument !!! if not that means you have to exchange it for fiat and many can accept that exchange, so you can spend.

if you are traveling to a country and experience difficulties because you do not know that in that country can bitcoin be used !!!. You can follow forums in that country to ask for clear information there will be accurate information that you can do with your bitcoin.
because information is very easily accepted by you in bitcoin trading, and can be found in all forums and many can help you.

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December 21, 2020, 09:32:33 AM
 #34

Gold is not used to buy anything in stores or online, yet it's still very valuable.
Gold has a number of industrial and commercial uses, including in jewellery and connectors in microchips and other electronics. Even although gold is no longer used as a currency, it is still has a variety of other uses which generate demand. If bitcoin is not used a currency, then it has no other use beyond baseless speculation.

Not saying here that no one should spend their Bitcoin, but I don't think we should force ourselves to, especially if it means having to take worse offers, higher fees and other inconveniences.
I often find I can get better deals when paying by bitcoin than when paying by a fiat card. A number of merchants I use offer discounts of up to 10% for paying in bitcoin since it avoids them having to pay credit card fees and other fiat processing fees. If shopping from a big retailer, then a number of gift card sites sell gift cards for bitcoin at or below the fiat price as well as offering a few percent in rewards

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December 21, 2020, 09:39:17 AM
 #35

Yes Bitcoin is popular in developing countries and is supported by the local government which allows them to buy a lot of things with Bitcoin using Bitcoin money like Fiat. Even if the transaction costs a certain amount of money through MasterCard, Visa Card or any other means there is no such problem when shopping in stores with Bitcoin Everything can be bought from the website with bitcoin In some countries, including the united states and canada it is possible to make purchases through Bitcoin in online transactions. Using Bitcoin is as simple as sending a message via ordinary email or mobile phone.
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December 21, 2020, 10:20:16 AM
 #36

If you are willing to say what country you are located in, then you might get some more specific suggestions.

OP needs to be more specific as well when he said "goods and services".

There's a lot of goods out there, without him being specific, we can't look for him the goods that he wants that could be paid by Bitcoin, same goes to the services he mentioned. Also, including the amount of Bitcoin he has that he's willing to spend will help us to recommend something for him that'll fit the budget.

Anyways, I hope this will help 10 places where you can use bitcoin online and offline
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December 21, 2020, 02:25:59 PM
 #37

Are there people out there selling their goods and services that I can pay with bitcoin? I need some real places where I can pay with BTC without first converting to fiat.

There are already a lot of places on where to use Bitcoin but you need to search for them since not every establishment in certain places accept Cryptocurrencies, yes, we might have heard news about some famous establishments about them using Cryptocurrencies as payment but it might only be useful at specific countries and place. We can buy groceries and other necessities with Bitcoin but the fastest way to use Bitcoin is to convert them into fiat so we really can use them everywhere.

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December 21, 2020, 03:00:21 PM
 #38

There is a lot of onlines stores that you can use to buy goods or product, bur anyway where country you live? We need to know because maybe the stores that we given to you will not shipping to your country. But maybe they have stores there in your country that bitcoin is acceprable for the payment you can look at it and because bitcoin is rising they have big possibility they accept it.
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December 21, 2020, 07:20:44 PM
 #39

It depends on where you are based because ther are some ecommerce sites reserved for certain geographic regions, I do see other users have already shared the links of business who accepts bitcoin. Just in case if you are planning to buy stuffs with bitcoin then I would request you to change your plan because you may regret it later, bitcoin as a mode of cross-border payment or transaction is fine but not for purchasing goods as we shouldn't become an example like the guy who spend bitcoin for Pizza.

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December 21, 2020, 08:55:49 PM
 #40

Are there people out there selling their goods and services that I can pay with bitcoin? I need some real places where I can pay with BTC without first converting to fiat.
In terms of buying goods with the use of bitcoin, there are very limited places where you can use it. As you can see, bitcoin is not yet regulated properly in every state so it is very normal to see that it is not being used yet in any country. Most of them still use fiat, we need to be patient because bitcoin has a lot more to achieve before it can finally be introduced to the world for real. There are a lot of things that needs to be considered first, the governments wouldn't approve suddenly about having bitcoin as a mode of payment and all we have left is to understand it and be patient till the time comes.
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