What are the official uses of bitcoin other then trading?

[AniviaBtc]

Bitcoin is like a gold, it can be a store of value, a safe haven to secure you financially in the near future.

It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.

People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.

But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.

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[davis196]

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.

Because a stablecoin backed by BTC will be as volatile as BTC,which means that it will not be a stablecoin.
You can use Bitcoin as a replacement of Western Union,if you want.There's no problem with that.
BTC can be used for gambling/sports betting and buying digital goods and services.I know that most people don't want to spend their BTC,because of the expectations of a higher price in the future,but that doesn't stop them for using BTC for other purposes than crypto trading.

[bittick]

I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.

[isaac_clarke22]

~
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.

Only be used?
I just recently bought a headphones in my local e-shop with the use of Bitcoin, OP.
Although Bitcoin's being seen as more of an investment, while its aim is for almost an anonymous transaction, the part where it can't be controlled by 3rd parties and authorities will surely make it a lot viable for borderless transaction.

[Lucius]

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

I don't know why you refuse to read everything written in previous posts? Whether you can buy some lumber at your local store is a matter for your local retailer who accepts or does not accept BTC. What you call obscure (online shopping) is something that generates huge revenues, and I have to admit that almost everything I ever wanted can be bought online and paid with BTC.

Stop being just another troll and open your eyes, and if you think that BTC has failed in something that is important to you - take your bank card and your PIN and pay that way, no one is stopping you.

https://spending-bitcoin.com/

[Kong Hey Pakboy]

I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.

That was the initial plan but here we are right now and I think that it will come here eventually because if bitcoin was supposed to be currency then it should be traded like Forex. I think that besides trading bitcoin is also a good medium to use for transactions like buying items online although most of the time an escrow is needed to insure safety in the case of scamming and bitcoin is also an asset that you can use to hodl your investment in long-term to make a profit.

[ziyaaa]

Bitcoin is not only for trading/investment purposes. There are some places around the world that you can pay with Bitcoin when buying something. For example, you can even buy a Tesla now with Bitcoin.    And as long as the Bitcoin adoption continues, we will be able to use Bitcoin in more places in time.

[blckhawk]

I believe that Bitcoin was supposed to be used as a currency but people saw another way to use it and that is to trade. Satoshi created Bitcoin for us to have a decentralized peer-to-peer payment network but due to its decentralized characteristic people find it suitable for trading or as an asset. Right now Bitcoin has become versatile, it depends on each individual on how they will use their Bitcoin. For me, I mainly use Bitcoin as an asset because I found it very effective especially on long-term investment, but in some cases, I do also use it as a currency to buy some stuff online.

[DatKing]

I believe that Bitcoin was supposed to be used as a currency but people saw another way to use it and that is to trade. Satoshi created Bitcoin for us to have a decentralized peer-to-peer payment network but due to its decentralized characteristic people find it suitable for trading or as an asset. Right now Bitcoin has become versatile, it depends on each individual on how they will use their Bitcoin. For me, I mainly use Bitcoin as an asset because I found it very effective especially on long-term investment, but in some cases, I do also use it as a currency to buy some stuff online.

It is true that the main purpose was making people have a completely different currency system than fiat. By this huge new technology, people were going to have the control of their money and no goverment were going to interfere with it. Until a certain point, people were able to use Bitcoin for only investment purposes. But after that, Bitcoin has started being used as a payment method also and people started using it like that too. And I also use Bitcoin for both purposes.

[bitzizzix]

It all depends on the regulations in each country, and in the country where I live, the use of bitcoin is only allowed for assets or investments and also as a store of value such as gold.
and are not allowed to be used as a means of transaction because bitcoin is not a legal means of payment and must be changed to be able to use any transaction.
and for me such regulation is not a problem, the most important thing is I feel grateful because I can still use bitcoin without any strict restrictions.

[lifeforcepools]

In some places, you can pay with crypto.

[Mr.sprin]

It is true that in developed cities like the USA, they have officially used bitcoin as a medium of exchange to be precise as a substitute for fiat.

[acener]

It is a crypto currency so we could use it as one just like Fiat,
The only problem with crypto currency is that we only have small merchant or only few accept it as a payment option,
And most of us don't see it as a currency but an investment tool that is stopping it on being used as one.

[Lorence.xD]

I would say that the official use of bitcoin besides trading is a form of currency to buy services and products which is slowly being appreciated with Tesla announcing that you can buy a car from them with bitcoin which is going to be getting some attention from other companies and with VISA getting in the cryptocurrency scene, I think that bitcoin being a mode of currency is the biggest use of bitcoin.

[Trinx01]

A lot of people considered bitcoin only for trading and investment purposes, these are the basic introduction that beginners can find upon searching about bitcoin but that is not all about bitcoin, it is also good for online payment, as some other companies are accepting it as a means of payment including the amazon and the Tesla.

[ECOS_CloudMining]

Of course, you can use BTC not only for trading but also for purchases in Amazon and eBay, for tuition fees at some universities, un Pay Pal and even for buying plane tickets. But we think that the main purpose of BTC is a long term investment.

[xZork]

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.

its nature is like a currency, but legalization of Bitcoin is still not acceptable in most countries so that Bitcoin is still trusted by many users to be used as an investment asset and even used as digital currency trading that can provide benefits. although the main purpose of bitcoin was created not as an investment asset but because its value is valuable so that many people are competing to invest in it in order to benefit from it.

Even if countries accept Bitcoin as a currency, it is very difficult for it to act as a currency. Bitcoin is slow and has high transaction fees, and the price of Bitcoin is constantly changing, making it difficult to list goods in bitcoin.

[jacobjorden]

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.

Today bitcoin demand and supply chain higher than other cryptocurrencies, and the main uses of bitcoin is people are more invested in bitcoin than other cryptocurrencies because bitcoin prices daily high, and now many big companies are invested in bitcoin like Tesla, Amazon...

[conected]

Bitcoin is like a gold, it can be a store of value, a safe haven to secure you financially in the near future.

It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.

People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.

But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.

- Well, if the price of bitcoin can fall slowly or slowly rise then move in a small range, I can consider it as gold, becoming a store of value but unfortunately, our hearts will not be secure with bitcoin's pulse, instead of being slow and not moving like gold, bitcoin is just trying to speed up and decelerate very quickly to create surprises, storing value with bitcoin is relatively intimidating and risky for this reason. The most optimistic thing is still buying and selling then exchanging for altcoins to get more bitcoin

[Bilgent]

Will it only be used for investing/speculation as long as its price is this unstable?

Of course not. As you may know, Bitcoin is not only used for investment etc. . You can also use it to buy things in different places which support Bitcoin payment method. And you can even buy a car now as Tesla made an announcement about it some time ago.