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Author Topic: Do people still use Bitcoin to make payments, or is it just for saving now?  (Read 498 times)
Churchillvv
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Today at 03:10:47 PM
 #61

Just yesterday we made a payment with bitcoin, in a regular gadget shop in port harcourt, that is to say that in real time bitcoin usage is not limited to asset or investment but its digital cash. The usage of bitcoin in areas where you can’t expect it to be used is increasing so bitcoin is not only the asset for savings and investment only it’s also a currency for transactions.
It's good to hear that you have made transactions through Bitcoin. It proves that Bitcoin can be used freely and conveniently. And you have practically proven it. Although I have not yet had the luck to buy from a shop where transactions can be made through Bitcoin. Many times they want to offer to pay in Bitcoin but for security reasons I do not do that. Maybe in the future we will see the issue of transactions in all section of Bitcoin.
If you live in the city of port harcourt, you can be referred to garrison some trusted gadget merchants there accept bitcoin, its instant and of course they use CEX, so they have no big fear of scam as long as they confirm before you leave with the purchase goods, so it’s an everyday experience over here, I personally visit this gadgets shop frequently because I deal with gadgets so, you can try to explore with a few things in mind to purchase then ask to pay in bitcoin and see for yourself that bitcoin has grown beyond digital asset here in the country to a currency which it is.

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Today at 03:32:19 PM
 #62

Lately, I've been thinking about it. When Bitcoin was created, one of the main ideas was for people to use it as money. That was it.  You send and receive payments without depending on banks or other third parties.

But these days, most Bitcoin holders I come across seem more interested in accumulating and holding than actually spending it. In fact, whenever someone says they used Bitcoin to buy something, the first thing you hear is, "Why spend it now when the price could be higher in the future?"

Sometimes it feels like people now see Bitcoin more as a place to keep value than as something to use for everyday transactions. Many people buy it, store it, and hope it appreciates over time.

I'm not saying Bitcoin is no longer used for payments because there are still very much people and businesses that accept it. But if we're being honest, most of the discussions around Bitcoin today seem to be about holding, stacking sats, and price movements rather than spending it.

you seems to sound as if you do not know how valuable bitoin has become now, back then when people were using it like you said the value was nothing compared to now. i do not know if you can sell your bitcoin simply because you want to purchase something when you have fiat with you, isn't that a waste of time i mean login to your wallet and send bitcoin to someone and most of the people with compromised wallet was due to this, there are people who are so good that if they are close you where you are accessing your wallet they can easily hack it or clone it and gain access to do whatever they like, so i think it is very risky to showcase our wallet when there is bitcoin inside unless you want to show off as most persons will always do and later you will heard such person was kidnapped or they wipe out everything in such person's wallet so it is safe and wise we keep it cool because it is a great asset that you cannot afford to let go...

Grace333
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Today at 04:54:18 PM
 #63

Same question has been going through my mind as well but I just decided it's non of my business what people decide to do with their bitcoin. Because I mean it's their money so they have the full authority to do whatever they want to do with their bitcoin. Considering how some of these whales are constantly buying huge sum with the intention of holding for long term it's a sign that bitcoin isn't done with all the up trends. However this only can influence more people to focus more on holding than using bitcoin for transactions except cases where they need it for privacy and anonymity.

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Today at 05:11:19 PM
 #64

Lately, I've been thinking about it. When Bitcoin was created, one of the main ideas was for people to use it as money. That was it.  You send and receive payments without depending on banks or other third parties.

But these days, most Bitcoin holders I come across seem more interested in accumulating and holding than actually spending it. In fact, whenever someone says they used Bitcoin to buy something, the first thing you hear is, "Why spend it now when the price could be higher in the future?"

Sometimes it feels like people now see Bitcoin more as a place to keep value than as something to use for everyday transactions. Many people buy it, store it, and hope it appreciates over time.

I'm not saying Bitcoin is no longer used for payments because there are still very much people and businesses that accept it. But if we're being honest, most of the discussions around Bitcoin today seem to be about holding, stacking sats, and price movements rather than spending it.

you seems to sound as if you do not know how valuable bitoin has become now, back then when people were using it like you said the value was nothing compared to now. i do not know if you can sell your bitcoin simply because you want to purchase something when you have fiat with you, isn't that a waste of time i mean login to your wallet and send bitcoin to someone and most of the people with compromised wallet was due to this, there are people who are so good that if they are close you where you are accessing your wallet they can easily hack it or clone it and gain access to do whatever they like, so i think it is very risky to showcase our wallet when there is bitcoin inside unless you want to show off as most persons will always do and later you will heard such person was kidnapped or they wipe out everything in such person's wallet so it is safe and wise we keep it cool because it is a great asset that you cannot afford to let go...
It is possible for someone especially those that used money for there expenses to invest in bitcoin to sell when they are in need. Those that invested in bitcoin using discretionary income won't find themselves in a situation were they have to sell there bitcoin in other to attend to there needs. Also another thing that can push an investor into selling there bitcoin before the plan date is lack of emergency funds .

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