What are the official uses of bitcoin other then trading?

[beamin]

Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.

There are so many merchants now accepting bitcoin other than Amazon and Tesla.

This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/

Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards

Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants.

You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/

So I can go into a home depot show a qr code on my btc wallet and buy some lumber? Or is it some obscure online thing?

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[BIT-BENDER]

I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.

I never thought anything about bitcoin ending Western Union or MoneyGram or PayPal, but what I think would happen is they would integrated bitcoin into there company, Bitcoin would become a prostitute to the government if it ever get to be a stable coin, what Fiat really used for? What more do you ever expect from Fiat? Bitcoin would not end rotten sides of the world complete, but it can be in used for simple to complex already in used financial needs, but this time more controlled independently.

[kryptqnick]

I'm not sure what the op means by 'officially' used. There are just some major things Bitcoin is used for, but I don't think there's data with the distribution of this usage. Bitcoin is used as an investment, so people hodl it for a long time with an intention to gain profit this way because of the price increasing over time. It's also used for trading, which is regular buying and selling of Bitcoin with an intention of profiting from short-term price fluctuations. It's also used as money, and some people buy things paying directly in Bitcoin. I think these are the main ways Bitcoin is used, so even if the price stabilizes, Bitcoin will still remain relevant as money.

[DarkDays]

Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.

There are so many merchants now accepting bitcoin other than Amazon and Tesla.

This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/

Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards

Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants.

You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/

So I can go into a home depot show a qr code on my btc wallet and buy some lumber? Or is it some obscure online thing?

Often with merchants accepting BTC payments you need to transact online for obvious reasons. BTC payments need to be encrypted into the blockchain and you can't really do that simply, the only way is to send the transaction and have that completed. You could however in some places pay with BTC to buy gift vouchers, in which case then yeah you could transact via a code...

Though the nature of BTC will always mean you have to transact on the blockchain no matter what it is you buy. Don't get fooled

[Kakmakr]

I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?

I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.

Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny  stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.

There are so many mistakes in your post....

#1 : It is Bitcoin ...not bit coin. 
#2 : W.t.f ...why do you need a Wall Street journal for Bitcoin? (There are numerous sites, including this site that are listing use cases)
#3 : Prospectus?    Just type this into Google : Bitcoin White paper
#4 : Bitcoin is not a pump n dump coin. (Nobody are pumping... it is just normal supply and demand)

Before you post something on this forum, please use the "search" option and get some good threads on most of your questions. (or simply Google it) 

[bitbunnny]

Maybe is the wrong term used, so it's not meant like official use in narrow sense but as all other relevant and recognized ways of use. At least I think so. Use as a payment method is definitely one of it and probably most popular after trading.
Bitcoin still isn't fully and legally implemted into financial and economic system so it's hard to talk about official use but I'm sure Bitcoin is on the was to make it happen.

[uneng]

Unfortunatelly there isn't much use for bitcoin as currency yet. Few sellers accept it as payment in national sphere, but they aren't popular companies, so there is an issue in trusting bitcoins (a decentralized payment method) to sellers you don't know. The scam chances are so high that we have to convert btc to fiat to make purchases anyway.
Most stores accepting btc we heard on news don't have any impact in average joe's daily life.

[DoublerHunter]

^ For the short one, BTC is intended for an alternative currency against fiat and also have financial freedom which everyone will probably like BTC is just because you hold your fund fully control or be your own bank rather. There are too many uses of BTC but OP did not research this for further clarification. Op wanted an easy answer even though we can google this information OP wants. Nevertheless, for now, people are trying to store BTC because of the value, the goal was failed with the aim of a peer-to-peer electronic cash system.

[Wawa2013]

I think Bitcoin was created to complement fiat and not replace fiat, so the original purpose of Bitcoin was created not an asset for trading or investing.
But as a currency where we can make financial transactions without a third party, so Bitcoin covers up the weakness of fiat. Therefore it would look
perfect if fiat and Bitcoin were complementary to each other. So every country should legalize Bitcoin as an alternative to payment other than fiat.
But unfortunately many countries prohibit Bitcoin as payment, such as in my country Bitcoin can only be used as a digital asset, because
the government is afraid Bitcoin will replace fiat.

[dunfida]

I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?

Here you go: https://bitcoin.org/bitcoin.pdf

When it comes to usage then its clearly that Bitcoin isnt really created just for trading.It is mainly created for peer to peer transaction without 3rd party involvement which
is clearly stated on white paper and earning money or been traded is just part of its benefits.
People are just taking it as a store of value which i cant really blame them off and talking about stable coin backed up on Bitcoin? It wont happen.

[blockman]

Bitcoin is money so you use it with everything that you want to buy and it's a plus that it's a speculative asset so you can also use it as your investment. About it replacing Western Union and other remittance companies, we even thought of it replacing dollars soon but it all comes up from the word speculation but this time, it's starting to build its confidence mostly to the institutions and they're using it as their asset just like how they treat gold reserve.

[Lmaooo]

Bitcoin was originally invented as a digital store of value and a payment system. Bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralised yet acceptable all over the world. Not everybody that owns is a trader because trading bitcoin is choice. Many people prefer HODLing bitcoin than trading because trading involve risk. You don't have to trade bitcoin to make money. You can make money with bitcoin by just HODLing.

[Ryker1]

Well, it is a currency that has double usage.
The official use of bitcoin is that a currency or even like fiat and also you can store this for a long run to have a better profit when the price is raised.
Just accept as of now what bitcoin currently status, as we can see many institution and big investors was investing bitcoin and gaining profit once it is pumped into the market. You can treat your bitcoin as your valuable asset though those others can't steal.
If there is more doubt, why not just read the Satoshi whitepaper on bitcoin and understand carefully.

[romero121]

Bitcoin is a multi-purpose utility system that can be used in all needs. In terms of transaction it gives access to limitless transaction, as an investment it gives an increase in value even when kept hold in our own wallets. Primary thing is into trading, apart from this the usage is slowly increasing with bitcoin acceptance getting added on physical stores. For some reason it hasn't got the mainstream usage access which is why its multiple usage isn't known much.

[pixie85]

There's nothing like an official us, OP.

You can Bitcoin for whatever purpose you want to. It doesn't follow any laws outside of its own protocol.

If you decide to pay with Bitcoin for your girlfriend's breast implants, buy drugs, hire a hitman like Ross, you can do it.
You can save up, hide your income, speculate, bitcoin doesn't judge, only people do.

[Twentyonepaylots]

A lot of people say that it is meant to replace fiat money, which we can slowly see day by day. But personally, this is nothing. Bitcoin is not useless, in fact it is actually versatile because of the fact that it is not secluded to whatever official use it is meant for. Let that sink in.

Bitcoin is a very helpful tool for us small-time moneymakers to be on par with the wolves at the stock market, they're trembling with fear, and that's what we want.

[goldade]

I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?

I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.

Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny  stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.

Well, you're absolutely right concerning the fact that bitcoin wasn't made primarily for trading. Satoshi made bitcoin to be a currency just like every currency in the world only that it was intended to be decentralized meaning it is not backed and neither controlled by the government and banks.
Bitcoin cannot be a stable coin because it is a decentralized coin unlike the stable coins like USDT, BUSD which are centralized altcoins. This is where trading comes in. Trading is simply taking advantage of the volatility in the price of bitcoin by buying low and selling high

[Ewox]

For all I know, Bitcoin was introduced as an electronic cashless system. And wasn’t really meant for trading, although people trade them now because it holds value to every satoshi you earn or have. And after a decade, it had grow even more that’s why people opt to use it as an investment rather than spending their Bitcoin instead.

[Silberman]

I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?

I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.

Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny  stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.

Bitcoin is money that is still its main use, now you may wonder if that is the case then why trading and speculating with bitcoin are their main uses, because that is true for fiat currencies around the world, if there was only one currency then you could not trade in this way but since that is not the case then people exchange their currencies trying to get advantage over the other, it is true that the adoption we have been looking has been kind of slow but it is increasing and this was more evident during this year in which there was an explosion on adoption, so calm down and just give bitcoin time to work its magic.

[FinneysTrueVision]

Bitcoin is permissionless so there is nothing that can be considered an 'official' use. People are free to use it however they like. I use it mostly as a currency and also for savings. It can be a store of value but you can also spend it more easily than something like gold. As time goes by people will find more uses and maybe some will go away due to higher fees. For example microtransactions is one thing it isn't used for anymore, at least not on layer 1.