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Author Topic: What can Bitcoin afford to buy  (Read 485 times)
livingfree
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February 25, 2023, 11:09:23 AM
 #41

Even it's not approved as a legal tender, it can buy almost everything as long as the seller agrees to receive payment in bitcoin.

It doesn't have to be complicated at all for someone to see what we can buy with it. It can buy almost everything as long as both party agrees to pay and buy bitcoin.

That's all.
As long as we reach an agreement between the seller and the buyer, then we can pay in bitcoin and buy whatever we want. But in case your country bans bitcoin, or it is illegal to use bitcoin as a means of payment, then it is better to convert bitcoin to fiat currency which will be safer. Do not try to risk a deal with the seller because if he accidentally can denounce you, you will be in trouble.
I also have never paid with bitcoin because I want to keep my privacy as well as ensure my safety. I believe it is only a matter of time before governments accept bitcoin, we just have to wait patiently for a while.
That's it, as long as both wants to accept and pay with bitcoin and that's all the procedure that needs to be done. The agreement is simple and easy and there's no need for much complicated process.

When a country bans bitcoin, people there can still do transactions with bitcoin. We don't know how many of those folks that are living into those countries that are against the usage of bitcoin yet they still receive and send it to anybody that they're transacting with.

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February 25, 2023, 11:45:39 AM
 #42

The question is tricky because what can be bought without converting Bitcoin strongly depends on a country and on options we consider okay. If it's El Salvador, Bitcoin can probably buy $23k worth of anything because Bitcoin is legal tender there. If it's a country where Bitcoin is fairly popular, you can try to agree on purchasing pretty much anything with Bitcoin (as MusaMohamed pointed out regarding an agreement between a buyer and a seller). Then there are other options like crypto credit cards, and those can be used like any other credit cards (here's an example of what I'm talking about), but I'm guessing it's because the coins are automatically converted into the right fiat upon usage.

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February 25, 2023, 11:54:00 AM
 #43

Mostly online services like VPN/proxies/etc. It's quite rare for online retailers to accept bitcoin as payment as of today so for now, we're stuck with bandage solutions such as BitPay, Coinbase Commerce, Purse.io, and such.


Plus if OP would go to the Dark Markets there are many valuable "products" over there, for "some people", that are "hard to find". Without Bitcoin, ground-breaking concepts such as online markets that can sell ANYTHING without needing approval from anyone, or permission from government institutions, would be impossible. It's a Libertarian's dream.

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February 25, 2023, 01:38:08 PM
 #44

I don't exactly know what's the most expensive thing you can buy with bitcoin but there has been some quite big real estate deals in which payment system was bitcoin so if we consider them they come under this category.But there is no fixed thing which we can categorised as expensive in btc as when you buy something with it the value will be still calculated in USD so whenever some will spend say more btc on something it will be expensive deal in btc.

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February 25, 2023, 03:43:17 PM
 #45

I don't exactly know what's the most expensive thing you can buy with bitcoin but there has been some quite big real estate deals in which payment system was bitcoin so if we consider them they come under this category.But there is no fixed thing which we can categorised as expensive in btc as when you buy something with it the value will be still calculated in USD so whenever some will spend say more btc on something it will be expensive deal in btc.
There are Real Estates ICO before that investors can use their Bitcoin to buy or invest in different real estates, some projects were in Singapore before. Im not sure if these projects pursue it since it’s during ICO days that many Real estates company tries to get involved in crypto. Many things now can be bought by bitcoin as merchants accepts crypto in most countries that are open in idea of having cryptocurrency. In my country there is an app that is used by stores that can accept bitcoin and will easily convert it to our currency for the seller.

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February 26, 2023, 04:52:14 AM
 #46

Anything, if the store doesn't accept Bitcoin payment or the country ban Bitcoin usage as a currency.

Bitcoin is a currency similar like fiat, so if you can't buy a thing using fiat, you can't buy using Bitcoin too. I think we can buy any physical thing using Bitcoin as long as the store accept it. But we can't buy is: time, health, age, character etc.

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February 26, 2023, 07:54:25 AM
 #47

... But we can't buy is: time, health, age, character etc.

If you have more bitcoins means you have more money, when you have more money, you will have more time to take care of yourself, and your health will be much better. When you have a lot of money, you will have more time to take care of your family, and when you have a lot of money, I believe you will look at life in a different way, from which your character will also change. Bitcoin can be bought all, so find a way to own as many bitcoins as you can, the sooner the better, you will have more than you think.

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February 26, 2023, 07:56:47 AM
 #48

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.

You can literally buy anything and everything through Bitcoins. Yes for that you need to know the right place and right way. You can easily buy thousand marketplaces’s giftcards by paying through Bitcoins. And use those to buy the products that you need. Many service are also there that directly accepts your crypto and delivers the product at your home. Yes there are some extra commissions that these sites charge and that’s acceptable. Moreover in countries where Bitcoins are legal, many big MNCs accept Bitcoins, and using this you can avail any of their service.

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February 28, 2023, 04:24:47 PM
 #49

The most expensive thing you can buy using Bitcoin is likely a very expensive house or car somewhere around the world where there is a dealer or Real Estate Agency accepting Bitcoin payments.

You can buy about anything using Bitcoin long as you have the financial possibility to travel to a country where you can purchase the thing you want.

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The problem is that you are offering to go somewhere to buy something with bitcoin. From a buyer's point of view, I can say that I want to buy everything in the place where I am. And this is still a problem. Bitcoin is not yet sufficiently adapted.

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February 28, 2023, 06:40:35 PM
 #50

The most expensive thing you can buy using Bitcoin is likely a very expensive house or car somewhere around the world where there is a dealer or Real Estate Agency accepting Bitcoin payments.

You can buy about anything using Bitcoin long as you have the financial possibility to travel to a country where you can purchase the thing you want.

-
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PrivacyG
Bitcoin can be used to pay expenses as well as be a long-term investment. When houses are paid for with bitcoin, the process is efficient and dependable. The majority of traders and investors' ultimate goal is to become financially stable in the market. The race is challenging, but with perseverance and investing in a project with solid roadmaps, it can be profitable. Yet, several nations have strong legal restrictions that make using Bitcoin illegal. Bitcoin may be used for a plethora of things and yet generate profits from traders and investors. Understanding the project's workings, as well as when to purchase and sell bitcoin, is essential.

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February 28, 2023, 10:42:08 PM
 #51

Bitcoin has not been approved as a legal tender to make a purchase in different countries, but i believe that Bitcoin before you can use it to make payments in anything you purchase it most be negotiable or agreement between the person paying with Bitcoin and the seller. You can use Bitcoin to purchase car, house only if the seller accepts payment with Bitcoin.

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February 28, 2023, 10:49:35 PM
 #52

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.

You can't use Bitcoin to buy goods in Türkiye. It sucks but they passed a law that block you to use Bitcoin to buy goods and services. You can still trade Bitcoin and use exchanges though.
If your country don't have this type of judgment you can use Bitcoin to buy whatever you want.

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March 01, 2023, 03:20:16 AM
 #53

The value of Bitcoin has changed a lot with the passage of time. Although Bitcoin started its journey in 2009, the beginning was not so easy for Bitcoin. In the beginning the value of Bitcoin was very low and people did not know much about Bitcoin. But Bitcoin's popularity has increased tremendously since the few years of its journey. Currently Bitcoin is one of the best cryptocurrency coins. There are many countries where people are using Bitcoin as a medium of exchange instead of paper money. I think in the future people will choose Bitcoin as one of their means of transactions.
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March 01, 2023, 04:49:20 AM
 #54

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.

You can literally buy anything and everything through Bitcoins. Yes for that you need to know the right place and right way. You can easily buy thousand marketplaces’s giftcards by paying through Bitcoins. And use those to buy the products that you need. Many service are also there that directly accepts your crypto and delivers the product at your home. Yes there are some extra commissions that these sites charge and that’s acceptable. Moreover in countries where Bitcoins are legal, many big MNCs accept Bitcoins, and using this you can avail any of their service.
People forget that the adoption of bitcoin has grown significantly since its creation and you can buy almost anything you want with it, right now the only problem is that if you live in a country in which bitcoin is illegal or heavy regulated the purchase of psychical goods could be complex as the local merchants will be afraid of accepting bitcoin directly.

But when it comes to the purchase of digital goods bitcoin is a great option for merchants as once the transaction has enough confirmations it becomes irreversible, which is a big problem for merchants when dealing with a payment option like PayPal.

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March 01, 2023, 06:39:15 AM
 #55

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight into what bitcoin can buy using Bitcoin without converting to fiat currency before making a purchase.
Fewer shops accept bitcoin and not in all cases can you buy things with bitcoin unless there is an agreement between the seller and the buyer to pay with bitcoin., Bitcoin is a decentralized digital currency and not every country has legalized its usage unless for El Salvador and the Central Africa Republic or other western states who have some legal framework that allows some bitcoin transactions but not as securities.

-But bitcoin can be converted to your local currency, using the various exchange or traded through p2p.
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March 01, 2023, 07:38:40 AM
 #56

So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.
Understanding what you mean and if you want to have broader insights about bitcoin, then there are many ways for you to learn both to understand investment and the process of traveling bitcoin on the market. Therefore you need to be more specific about what you want to know, so as not to confuse people in giving explanations.

Because if you just want to know about purchases using bitcoin directly it's very easy and can be searched on the internet 8 Things You Can Buy With Bitcoin and 10 Big Companies Using Bitcoin Transactions. In general, there are still many countries that have not accepted bitcoin as a legal means of transaction, so it is still quite limited to buy something using bitcoin in some countries, especially for countries that have special prohibitions against it. We can take advantage of purchases via the internet without having to come directly to the point of sale, for products and services that have started accepting bitcoin payments.

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March 01, 2023, 08:12:10 AM
 #57

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.

You understand simply one thing, bitcoin is money, so as long as there is an agreement between the seller and the buyer, you can buy anything with bitcoin. But if you are looking for public and popular bitcoin acceptance shops, it depends on the country you live in. If you live in a country where bitcoin is legal tender like El Salvador, you can use it as official currency, if you are in a country that bans bitcoin, you cannot buy anything unless there is an agreement between you and the seller.

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March 01, 2023, 08:17:38 AM
 #58

Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight into what bitcoin can buy using Bitcoin without converting to fiat currency before making a purchase.
Fewer shops accept bitcoin and not in all cases can you buy things with bitcoin unless there is an agreement between the seller and the buyer to pay with bitcoin., Bitcoin is a decentralized digital currency and not every country has legalized its usage unless for El Salvador and the Central Africa Republic or other western states who have some legal framework that allows some bitcoin transactions but not as securities.

Even now, only a few countries enforce this and for my country, I still can't use bitcoin as a means of payment unless, as you said, there is an agreement between the two parties which is still possible.
Regulation remains the main problem in this condition because of course we also can't violate the rules that have been set by the government because it is clear that it will violate there are sanctions that allow it to be accepted.

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March 01, 2023, 08:50:21 AM
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Because if you just want to know about purchases using bitcoin directly it's very easy and can be searched on the internet 8 Things You Can Buy With Bitcoin and 10 Big Companies Using Bitcoin Transactions. In general, there are still many countries that have not accepted bitcoin as a legal means of transaction, so it is still quite limited to buy something using bitcoin in some countries, especially for countries that have special prohibitions against it. We can take advantage of purchases via the internet without having to come directly to the point of sale, for products and services that have started accepting bitcoin payments.
OP only needs to know which marketplaces already accept payments via Bitcoin or who are willing to serve their customers who want to use Bitcoin for shopping. I think that's a simple enough answer for the OP to know because he just wants to know that Bitcoin can be used to buy anything and I think besides that the OP has to know which countries have legalized Bitcoin into legal payments. OP also needs to know which shops or marketplaces have accepted Bitcoin to spend on them.

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March 01, 2023, 08:52:24 AM
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-snip-
So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.
For people who live in countries that have legalized bitcoin, of course they can buy their daily necessities using bitcoin because in that country it is very likely that merchants will accept bitcoin as a payment method, for example when buying necessities at supermarkets or other shops, they can use bitcoin when they want to make a payment.
Currently the adoption of bitcoin continues to increase in various countries, even some countries that have a good view of bitcoin are planning to follow El Salvador's footsteps, so over time in the future we can buy everything with Bitcoin like buying goods using fiat in general.

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