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Author Topic: Have you bought anything with bitcoin?  (Read 9390 times)

Offline TopT3ns

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Re: Have you bought anything with bitcoin?
« Reply #75 on: December 02, 2021, 10:33:57 PM »
I use bitcoin to buy something that is still cheap, while to buy something at a very expensive price, of course it has never happened because I don't want to throw away the bitcoin that I already have so I choose to keep it for a very long time because I believe the price of bitcoin will soared when it became very difficult to get bitcoins.

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Re: Have you bought anything with bitcoin?
« Reply #75 on: December 02, 2021, 10:33:57 PM »

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Re: Have you bought anything with bitcoin?
« Reply #76 on: December 02, 2021, 11:31:42 PM »
So far, Bitcoin is only used as an investment asset or trading. For, Bitcoin is legal as commodity asset but illegal if used as a currency or for payment in my country.
I don't matter because we cannot also find any merchants that accept payment with BTC here.
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Re: Have you bought anything with bitcoin?
« Reply #77 on: December 03, 2021, 10:04:03 PM »
unfortunately in my country there is still no full support for making payments using bitcoin, it's just that maybe people who are familiar with bitcoin will accept payments using bitcoin but with a very cheap exchange rate and no one has dared to accept it at a high exchange rate.

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Re: Have you bought anything with bitcoin?
« Reply #78 on: December 03, 2021, 11:52:07 PM »
Bitcoin is legal as commodity asset but illegal if used as a currency or for payment in my country.
Same here, we also cannot use it as a payment tool. We only use Bitcoin for investment purpose, selling and trading it on exchanges only. I think it will take a long time to see Bitcoin be a payment tool here. Our laws cannot allow other currency to be payment tools. Even dollars should be changed to our local currency first here.
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Offline EthereumDev_

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Re: Have you bought anything with bitcoin?
« Reply #79 on: December 04, 2021, 06:59:18 AM »
Bitcoin is legal as commodity asset but illegal if used as a currency or for payment in my country.
Same here, we also cannot use it as a payment tool. We only use Bitcoin for investment purpose, selling and trading it on exchanges only. I think it will take a long time to see Bitcoin be a payment tool here. Our laws cannot allow other currency to be payment tools. Even dollars should be changed to our local currency first here.
bitcoin in my opinion cannot be used as a transaction tool for the long term or long term because bitcoin has a limited supply and has expensive transaction fees, it will make bitcoin users if they make transactions with small amounts or values, they will be considered again.

Offline Noverteno

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Re: Have you bought anything with bitcoin?
« Reply #80 on: December 04, 2021, 10:14:19 AM »
I know there is no big offer, but have you been able to buy anything With btc? Or you use it as investment?
Did anyone notice on the trade & classified section of this forum you can actually sell stuff with btc
In theory, bitcoins can be used to buy and sell goods, as well as provide various services. But in practice this happens very rarely. It makes little sense to first convert fiat into bitcoin and buy goods for it, which is also priced in fiat.
But the main thing here is the general expectation of a significant increase in the price of bitcoin in the long term. Bitcoin is most often used for capital accumulation and growth. In addition, the lack of recognition by states as a means of payment and infrastructure for practical use as a means of payment has a significant impact here.

Offline legend45

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Re: Have you bought anything with bitcoin?
« Reply #81 on: December 04, 2021, 04:16:06 PM »
I know there is no big offer, but have you been able to buy anything With btc? Or you use it as investment?
Did anyone notice on the trade & classified section of this forum you can actually sell stuff with btc

If in my country, we could buy anything with bitcoin , I will do it .
Maybe It will happen when everything will be crypto at the coming future.
It's just matter of time , we will see the digital era at the next several years again.

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Re: Have you bought anything with bitcoin?
« Reply #81 on: December 04, 2021, 04:16:06 PM »


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Re: Have you bought anything with bitcoin?
« Reply #82 on: December 18, 2021, 02:04:53 PM »
I have tried to buy thing with bitcoin and other crypto but here has no system like this. Even if you talk about crypto here in public place, you will face trouble and may get arrest by the police. This is why I have stopped for looking any place where bitcoin can be accepted to buy thing. But no worry, because soon my country may accept crypto and we will face it use case.
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Offline Alcor

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Re: Have you bought anything with bitcoin?
« Reply #83 on: December 18, 2021, 02:43:04 PM »
I was also interested in this issue and got acquainted with various case studies on this topic. So far, we can say that bitcoin is practically not used for everyday goods and services. It is sometimes used to buy high-value items. But basically, bitcoin is bought and simply held in the hope of making a profit due to the rise in its price. This is a big problem for bitcoin, because it was created primarily as an alternative means of payment, and not a vehicle for speculation.
In this regard, most of the respondents answered that they will not hold Bitcoin if its price stops growing.

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Re: Have you bought anything with bitcoin?
« Reply #84 on: December 18, 2021, 03:03:33 PM »
I have no experience yet of buying any items with Bitcoin, But in XRP I already tried it. I was bought in one of the well-known fast-food chains in my country and the food was get delivered in my place because my fiat is not enough at that time, the delivery rider was given me an option if I have a credit card or even a cryptocurrency and he will accept it and that was my first experience buying food using XRP as a payment.

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Re: Have you bought anything with bitcoin?
« Reply #85 on: December 25, 2021, 05:21:26 PM »
I had no idea fast food chains allowed cryptocurrency payments. Now I am curious what the country is, at least.

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Re: Have you bought anything with bitcoin?
« Reply #86 on: December 25, 2021, 06:16:59 PM »
I had no idea fast food chains allowed cryptocurrency payments. Now I am curious what the country is, at least.

There are many restaurants (not just fast food) where they accept Bitcoin and other cryptocurrencies as a payment method, most are in the United States, Europe, and South America. Although it is not yet something that is very widespread and only large companies and franchises dare to do. Here's an article where they talk about some of those restaurants and what coins they accept: https://nowpayments.io/blog/top-restaurants-that-accept-cryptocurrency
« Last Edit: December 25, 2021, 06:23:39 PM by Freemind »
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Offline Seerge

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Re: Have you bought anything with bitcoin?
« Reply #87 on: December 25, 2021, 06:41:42 PM »
In my area there are no shops or anything that accepts Bitcoin as a means of payment. 
But I often spend from the profits I get from this Crypto/Bitcoin through trading or investing, Usually I exchange the Cryptocurrency with FIAT and then I spend it. 
The point is I am happy to know Cryptocurrency, although I have not been able to spend it directly but knowing Bitcoin for me is a very big advantage

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Re: Have you bought anything with bitcoin?
« Reply #88 on: December 25, 2021, 11:53:11 PM »
bitcoin in my opinion cannot be used as a transaction tool for the long term or long term because bitcoin has a limited supply
What's wrong with limited supply? People don't require to use 1 BTC for every transaction. There is no problem with its supply, Bitcoin basically is created to be a payment/transaction tool. But considering the transaction fees, it may be a bit expensive now. However, it is still much better if we compared it with ETH transaction fees. BTC transaction fees look reasonable, while ETH transaction fees are quite worrying.
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Offline Hisbullah

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Re: Have you bought anything with bitcoin?
« Reply #89 on: December 26, 2021, 01:00:52 PM »
I know there is no big offer, but have you been able to buy anything With btc? Or you use it as investment?
Did anyone notice on the trade & classified section of this forum you can actually sell stuff with btc

Not yet, Because In my country didnt allowed bitcoin yet.
I only use bitcoin for my investment.
Maybe will use bitcoin for payment at the coming years
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