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Author Topic: Buying Stuff with Cryptocurrencies  (Read 2681 times)

Offline fallenangel1789

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Buying Stuff with Cryptocurrencies
« on: January 16, 2021, 11:53:12 PM »
With over a million products for sale, all available in bitcoin and prime altcoins. Many companies are accepting them as a legitimate source of funds. I still think HODL is better than using cryptocurrencies although there is a wide usage of them. I hope you will share your experience and knowledge here. What have you bought with cryptocurrencies?


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Buying Stuff with Cryptocurrencies
« on: January 16, 2021, 11:53:12 PM »

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Offline UNIVERSE

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Re: Buying Stuff with Cryptocurrencies
« Reply #1 on: January 17, 2021, 11:57:28 PM »
So far, I really prefer to use Bitcoin and other cryptocurrencies for investment or trading, not as a payment method. because we know that crypto is still not legal for transactions. I am only worried about the punishment if using crypto for transaction

Offline TomPluz

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Re: Buying Stuff with Cryptocurrencies
« Reply #2 on: January 18, 2021, 06:28:28 AM »
A currency can not be called as such if people are not using it for buying and selling or in other words in general commerce transactions and this is where existing fiat monies are being utilized anywhere. Now, with respect to cryptocurrency most especially Bitcoin, Ethereum and the rest of the gangs, people are not easily spending them despite many firms or establishments that are open to accepting such? Why? Of course, we know the answer. We are speculating, so we are holding them thinking that the value or price will keep on charging up. We all want outlandish returns, and we are seeing holding cryptos as the best way to have the increase of assets that we want.

Now, the next question is this: Will it affect BTC or Eth if people are not spending them and instead just holding them in their wallets? Well, nobody can answer that question really clear. Anyway, the most important thing is that we are participating somehow with the boom of cryptocurrency right now.

Offline Andruha1993

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Re: Buying Stuff with Cryptocurrencies
« Reply #3 on: January 18, 2021, 01:12:46 PM »
At the moment, I just keep the cryptocurrency in my wallet. And I'm waiting for when I can buy an apartment or a car for crypto. You just need a suitable store for this. I haven't found one yet.
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Offline Shahinaz

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Re: Buying Stuff with Cryptocurrencies
« Reply #4 on: January 18, 2021, 01:44:11 PM »
I keep my crypto on the exchange of one of my countries, I use it if I need and I continue to trade if it is not needed, investing in crypto is very profitable for me

Offline Giangphuong8489

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Re: Buying Stuff with Cryptocurrencies
« Reply #5 on: January 18, 2021, 04:06:29 PM »
Using crypto in Vietnam is still illegal so we cannot buy anything with BTC or ETH. In the past there was a university that accepted BTC payments but was fined.
However, I still hope that we will soon be able to use crypto in ecosystems such as health, education, and energy to enjoy all the value of blockchain technology.
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Re: Buying Stuff with Cryptocurrencies
« Reply #6 on: January 18, 2021, 04:55:43 PM »
I keep my crypto on the exchange of one of my countries, I use it if I need and I continue to trade if it is not needed, investing in crypto is very profitable for me

Buying stuff via crypto is now almost common and you can see a lot of platforms especially E-Commerce platforms like Amazon etc are now accepting crypto as a payment system.
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Re: Buying Stuff with Cryptocurrencies
« Reply #6 on: January 18, 2021, 04:55:43 PM »


Offline shadowdio

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Re: Buying Stuff with Cryptocurrencies
« Reply #7 on: January 18, 2021, 06:35:46 PM »
It's not bad if you use cryptocurrency to buy something because crypto is a digital money but I do not recommend to use bitcoin or ethereum as a payment method because the transaction fee so high, it is not good  :(. XRP and DOGE were recommendable for payment method because their transaction fees were very low, I hope many stores will accept XRP and DOGE.

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Re: Buying Stuff with Cryptocurrencies
« Reply #8 on: January 18, 2021, 06:40:05 PM »
With over a million products for sale, all available in bitcoin and prime altcoins. Many companies are accepting them as a legitimate source of funds. I still think HODL is better than using cryptocurrencies although there is a wide usage of them. I hope you will share your experience and knowledge here. What have you bought with cryptocurrencies?


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Actually where cryptocurrencies are accepted legally and valid , then all products and services are bought but where cryptocurrencies are not permitted them buying products with cryptocurrencies are impossible. I am member of such countries where cryptocurrencies are fully illegal.
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Offline disconnectme

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Re: Buying Stuff with Cryptocurrencies
« Reply #9 on: January 18, 2021, 07:06:32 PM »
This is very good that more people are now willing to accept Crypto for payment, I read about a lawyer also last week that has started accepting BTC for his legal fees. For me with the growth potential of Crypto especially Bitcoin, I will not spend or use my Crypto to buy stuff but Fiat currencies
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Offline Traderbtcc

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Re: Buying Stuff with Cryptocurrencies
« Reply #10 on: January 18, 2021, 07:31:32 PM »
For sure companies, businesses and organization are now accepting bitcoin transaction, but for me I prefer Investing and holding my bitcoin because bitcoin values keep increasing so spending it will be at my own loose, it's better for me to keep my bitcoin hold till price increases then I sell and buy again when the price goes down.

Offline Cryptolover5

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Re: Buying Stuff with Cryptocurrencies
« Reply #11 on: January 19, 2021, 03:04:18 AM »
For me I haven't bought anything yet with bitcoin or altcoins I prefer holding my bitcoin using it as investment because I think I will make much profit from it but if I use it buying goods it's at my own lost because bitcoin might rise anytime and that quantity of bitcoin I gave out would have also rise too.
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Re: Buying Stuff with Cryptocurrencies
« Reply #12 on: January 19, 2021, 12:10:28 PM »
With over a million products for sale, all available in bitcoin and prime altcoins. Many companies are accepting them as a legitimate source of funds. I still think HODL is better than using cryptocurrencies although there is a wide usage of them. I hope you will share your experience and knowledge here. What have you bought with cryptocurrencies?


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One of the main goal of cryptocurrency back then was to enable users to be able to perform seemless transactions without the help of any middle man which is the bank, so it's not wrong if any crypto currency or altcoin is been used to pay for goods or items in a store, holding is not always to best thing to do with your crypto, and personally I have used bitcoin to purchase airtime online multiple times.

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Re: Buying Stuff with Cryptocurrencies
« Reply #13 on: January 19, 2021, 01:09:23 PM »
Guys, frankly speaking, I have no desire today to spend ethereum and Bitcoin for the purchase of any goods. The fact is that these coins will be valued after a certain time much higher and the profitability of their use as a means of payment today is minimal.
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Re: Buying Stuff with Cryptocurrencies
« Reply #14 on: January 19, 2021, 01:30:43 PM »
With over a million products for sale, all available in bitcoin and prime altcoins. Many companies are accepting them as a legitimate source of funds. I still think HODL is better than using cryptocurrencies although there is a wide usage of them. I hope you will share your experience and knowledge here. What have you bought with cryptocurrencies?
I just made transactions with crypto when buying a game item from a foreigner, yes, you can say that it was my first purchase using ETH. indeed transacted faster using crypto and the costs were lower (at that time). If you are afraid of fraud, you can use an escrow service.

 

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