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Author Topic: Beside trading, what's the point of cryptos for ordinary people and businesses?  (Read 4714 times)

Offline Captain Corporate

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I personally use it for payment, like many many other people, its really very easy. I have a work with someone, and I do my job, and he pays me crypto and we keep doing that all the time, I did find some other jobs back i nthe day that I worked at, hell even the signatures we have are getting paid in bitcoin as well, so its not really that complicated to figure that part out. I believe that its quite normal for all of us to have some payment reasons for bitcoin. I am not saying I do not trade, sometimes I do trade bitcoin and other alts, but that doesn't mean that its the main reason to use bitcoin at any possible way.

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Offline LUCKMCFLY

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While we can generate everything necessary to pay with Bitcoin, it would be ideal, I don't know how this is contemplated, but the money in companies should be given thanks to the large amounts that can be given in fiat, but we do have bitcoin Can we pay it in Bitcoin without the government giving us a large penalty? It's not a question, it's more of a statement, because yes, obviously things are like that, unless you are in Europe in countries like Portugal where they have a free economy and you can do all these kinds of movements.

For some Peroans it is difficult, for third world Countries it can be paid , but how would a payroll payment be Reflected ? It would be Difficult , wouldn't it? but this is Something that should be appreciated, I am not one of those who are always looking for the best of things but it is necessary to quickly make it possible for bitcoin to be included in normal payments and for it to be Accepted in the jobs where we are.
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Offline vegasus

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When talking about ordinary people who are associated with cryptocurrencies, however, ordinary people must have an understanding of cryptocurrency first before they can conclude where they should be. Because after all, if they really don't have that understanding or aren't even familiar with crypto currency then it's true that this won't mean anything to them. In fact, they can only view and conclude crypto from a negative perspective based on what they get from the media that spreads it.

But this will definitely be different if they have started to dive in and understand cryptocurrency. and even if they are interested and they don't understand how to trade profitably, then long-term investment might be the most suitable for them. And of course this shouldn't be just any investment because there are lots of fake investments and scams that we can find here. That's why you must have prior knowledge and understanding not only of what coins but also where to invest safely.

Offline Peter90

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I personally use it for payment, like many many other people, its really very easy.
I have a work with someone, and I do my job, and he pays me crypto and we keep doing that all the time,

Thanks CC
Why do you and your business partner, and many other people, use BTC for payment?

Offline BitMaxz

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Thanks CC
Why do you and your business partner, and many other people, use BTC for payment?

Just think Bitcoin is the same as other digital money online you can do anything that you want to do the only difference is you have full control of your money and decentralized, unlike digital money that is controlled by banks all of them are centralized.

There are some local businesses like restaurants that accept bitcoin and there are also online sellers like Namecheap, purse.io, etc... they do accept Bitcoin and don't forget there are many gambling casinos out there that use not only BTC but also other Crypto. 
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Offline Peter90

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the only difference is you have full control of your money and decentralized,

1) Full control of money
2) decentralization

These are - among others - benefits that cryptos offer to ordinary people and businesses.

That's the info this thread is about!
Thanks BM!

Offline philipma1957

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Selling gear and other items. Crypto is really good. I no longer sell much on eBay due to really shifty buyers. But I do sell gear for crypto which offers me protection.  My return rate is way better when I sell gear and other items with crypto.
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Offline Peter90

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Selling gear and other items. Crypto is really good. I no longer sell much on eBay due to really shifty buyers. But I do sell gear for crypto which offers me protection.  My return rate is way better when I sell gear and other items with crypto.

Thanks Philip,
I wish I could understand why/how crypto offers protection for the seller...

Offline philipma1957

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Well having sold 1000 thing on eBay with a pretty much perfect record.  I can tell you I have had 10 or more abusive cases from buyers.

People have return boxes with trash and not the actual gear I sold to them.
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Offline kent47400

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What's the point of the existence of cryptocurrencies for them?
How can or could cryptocurrencies serve them?
It seems like you have negative thoughts but I appreciate your thoughts because I also initially thought negatively about cryptocurrency. ;D
OK, I will explain the needs of cryptocurrency in my life every day:
-I work in a clothing garment factory.
-I know cryptocurrency from my junior high school friends.
-I initially rejected cryptocurrency because the prices were always changing.
-But I tried it after I needed to earn funds besides working in a Garment factory.
-I tried to learn Bitcoin trading but I didn't understand and I decided to just look for funds from cryptocurrencies which is how I was able to be present on this forum until now.


For me, it was very difficult to understand cryptocurrency at first, but once you know it, it will be easy to understand.
Likewise, those who work in car repair shops or as nurses will definitely be confused at first but over time they will understand everything about cryptocurrency.
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Offline philipma1957

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Selling gear and other items. Crypto is really good. I no longer sell much on eBay due to really shifty buyers. But I do sell gear for crypto which offers me protection.  My return rate is way better when I sell gear and other items with crypto.

Thanks Philip,
I wish I could understand why/how crypto offers protection for the seller...

here are two rigs one ready to be filled with cards one filled with cards.

the empty rig is maybe $250-$300 on sale at eBay.
If I want to sell it. Since it is well under $750 value eBay has fairly good protection for the seller if the buyer is dishonest and returns a box of trash.
the rig with 7 cards is around $2200 I am really good with eBay been there for years. If I run into a dishonest buyer for this sale I need to swear out multiple police reports to get protection for a bad return. I can face a Credit card claw back for up to 6 months.

So I simply will not make a sale of the 7 card rig on eBay. If I sell it here or bitcointalk. I would likely sell it on bitcointalk as my reputation is perfect for sales. I would take a return if the buyer wants to return it but I would not pay the guy until I received it. So no one will try to return a box of trash. That is  real protection for me the seller.

« Last Edit: January 25, 2024, 02:29:17 AM by philipma1957 »
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Offline Peter90

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here are two rigs one ready to be filled with cards one filled with cards.

the empty rig is maybe $250-$300 on sale at eBay.
If I want to sell it. Since it is well under $750 value eBay has fairly good protection for the seller if the buyer is dishonest and returns a box of trash.
the rig with 7 cards is around $2200 I am really good with eBay been there for years. If I run into a dishonest buyer for this sale I need to swear out multiple police reports to get protection for a bad return. I can face a Credit card claw back for up to 6 months.

So I simply will not make a sale of the 7 card rig on eBay. If I sell it here or bitcointalk. I would likely sell it on bitcointalk as my reputation is perfect for sales. I would take a return if the buyer wants to return it but I would not pay the guy until I received it. So no one will try to return a box of trash. That is  real protection for me the seller.

Thanks Phil
understandable explanation.
Using cryptos is indeed a overall better solution in case of sellers with good reputation. I know of the same protection issue in precious metals forums, where established sellers are requested to send their items to unknown forum members/buyers.

Btw thanks for the picture too! I still have no idea what a rig is good for - it looks like a computer core to me - but at least now I know how a rig looks like  :D

Specifically - if I may ask - which cryptos do you prefer to be paid with?
I can imagine that you are flexible and adapt to the buyer preferences, but if you could choose?

Offline philipma1957

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BTC
LTC
DOGE

I am anti ETH but I will take it if you got it.
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Offline TomPluz

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We know that trading is not for everyone as it entails a lot of learning time so we can be able to manage the risks involved...and not all people have the interest for that. Now, aside from trading, crypto can be good for international remittance or sending a digital asset to someone in other countries with less fees and less cumbersome regulations. Aside from these two, one could get into cryptocurrency as a form of investment - just like gold or stocks - hold them and wait for them to get higher in value. Now, in places experiencing run-away inflation, getting into crypto can be a way to protect one's assets or wealth so crypto can be acting like a safe haven. 

Offline philipma1957

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We know that trading is not for everyone as it entails a lot of learning time so we can be able to manage the risks involved...and not all people have the interest for that. Now, aside from trading, crypto can be good for international remittance or sending a digital asset to someone in other countries with less fees and less cumbersome regulations. Aside from these two, one could get into cryptocurrency as a form of investment - just like gold or stocks - hold them and wait for them to get higher in value. Now, in places experiencing run-away inflation, getting into crypto can be a way to protect one's assets or wealth so crypto can be acting like a safe haven.

Some countries in South America have over 100% yearly inflation.


Quote
https://www.macrotrends.net/countries/VEN/venezuela/inflation-rate-cpi

Venezuela inflation rate for 2016 was 254.95%, a 133.21% increase from 2015.
Venezuela inflation rate for 2015 was 121.74%, a 59.57% increase from 2014.
Venezuela inflation rate for 2014 was 62.17%, a 21.53% increase from 2013.
Venezuela inflation rate for 2013 was 40.64%, a 19.57% increase from 2012.

even holding usdt is better than the numbers above
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