You, yes you, are part of the problem.

[DieJohnny]

Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.

To complain about the price and not be moving your spending to bitcoin simply means you have bought into something that you yourself do not understand or support.

[1714667924]

1714667924

[Gallah]

Each to their own... I guess

[nelruk]

For meantime still being few companies that accept BTC as a part of payment, will be difficult to ask people the conversion because the one who didn't do say the main problem is shops don't get the coin. But if you're consider yourself a Bitcoin supporter, excuses no more. Lead by doing it.

[PolarPoint]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

[Useli Violent]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

Exactly right. 
Being most people's basic expenses are shelter, fuel, and food - who's landlord or mortgagee accepts bitcoin?
Can you buy gasoline with bitcoin yet?  Don't think so.

[vuduchyld]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

Exactly right. 
Being most people's basic expenses are shelter, fuel, and food - who's landlord or mortgagee accepts bitcoin?
Can you buy gasoline with bitcoin yet?  Don't think so.

Interesting that you mention gasoline.  I have on many occasions touted gasoline as the ULTIMATE use case for bitcoin.

Typically, store owners pay huge fees on those transactions.  Like, their fees can easily equal their profit margins.  Bitcoin could, theoretically, dominate gasoline purchases because of the FAR lower transaction costs.

[Buffer Overflow]

Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.

Don't be silly. Most places DON'T accept bitcoin.

[desticy]

Many businesses support Bitcoin payments, They pricing are based on Bitcoin price instead of Bitcoin.

[Cluster2k]

Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.

The one good thing about the falling bitcoin price is that it will encourage people to spend it.  Previously when people were watching the price rocket upwards in a seemingly one way trend it was silly to spend bitcoins unless you absolutely had to.

As for spending bitcoins 'most everywhere', bitcoins represent 0% of my yearly discretionary spending.  The local supermarkets, hardware stores, computer stores, sports stores, etc do not take bitcoin and it's not possible to buy gift cards using bitcoins for those stores either.  Most people live outside the USA.

[money420weed]

Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.

Don't be silly. Most places DON'T accept bitcoin.

I would disagree. There are a very large number of merchants that either directly, or indirectly accept bitcoi payments. Many places that accept bitcoin indirectly do so via gyft. I would say that, based on total transaction volume of the merchants, you can spend bitcoin at majority of places

[Buffer Overflow]

Now that we can seamlessly convert dollars to bitcoin from most bank accounts and we can spend most everywhere with gyft or bitcoin directly, there is no excuse not to convert your monthly discretionary income into Bitcoin.

Don't be silly. Most places DON'T accept bitcoin.

I would disagree. There are a very large number of merchants that either directly, or indirectly accept bitcoi payments. Many places that accept bitcoin indirectly do so via gyft. I would say that, based on total transaction volume of then merchants, you can spend bitcoin at majority of places

So let's see now....

Mortgage/rent. NO
Council tax. NO
Weekly food shop. NO
Electricity. NO
Water. NO
Gas. NO
Car fuel. NO
Car parts/repairs. NO
Various insurances. NO
Phone/internet. NO
Local pub for drink. NO
99.99% of friends, in private transactions. NO

Tell me again why I would want to convert all my wages to bitcoin?

[Francesca]

I trade Bitcoin as stock, in fact no one wants to buy goods by btc, just make money.

[Wandererfromthenorth]

Let me translate your first post real quick:


"Even though buying BTC to spend them around is dumb, has no purpose (unless it's drugs on tor markets) and people can lose a lot of money and purchasing power in a short period of time doing it, they should do it anyway because I want to get rich quick".


That's pretty much what you just said.

[Bitco¡n]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

In the UK, you can pretty much buy anything indirectly with bitcoin (Including groceries, petrol and, clothes) using places like...

  http://cryptodechange.com/
  http://pock.io/

[Buffer Overflow]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

In the UK, you can pretty much buy anything indirectly with bitcoin (Including groceries, petrol and, clothes) using places like...

  http://cryptodechange.com/
  http://pock.io/

So I convert my wages to bitcoin, then convert them to gift cards, then go shopping.

Why?

[JimboToronto]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

Does the USA really have that much market penetration?

I thought it was more accepted in places like Germany and Canada.

[sgbett]

I'm moving to another country (srsly) that is more BTC friendly, does that count 

[JimboToronto]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

In the UK, you can pretty much buy anything indirectly with bitcoin (Including groceries, petrol and, clothes) using places like...

  http://cryptodechange.com/
  http://pock.io/

So I convert my wages to bitcoin, then convert them to gift cards, then go shopping.

Why?

Cavirtex offers a debit card for use at POS, ATMs etc.

[Buffer Overflow]

OP is assuming everyone here on the forum lives in the U.S. In other parts of the world, things you can buy with bitcoin is still very limited. Does your local supermarket accepts bitcoin?

In the UK, you can pretty much buy anything indirectly with bitcoin (Including groceries, petrol and, clothes) using places like...

  http://cryptodechange.com/
  http://pock.io/

So I convert my wages to bitcoin, then convert them to gift cards, then go shopping.

Why?

Cavirtex offers a debit card for use at POS, ATMs etc.

1. I'm not a Canadian citizen.
2. I might as well use my existing debit card my wages go into.
3. Didn't answer my question of why?

[JimboToronto]

why?

You might prefer to keep your funds in Bitcoin for security, privacy or other reasons.

The card just adds convenience.