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betelihem

What did you think about shopping with bitcoins?

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There are many governments and banks still against this cryptocurrencies project so we wouldn't be able to do what you mentioned in your topic in the near future in my opinion! but i really believe in the future in this cryptocurrencies world and when more governments accept using bitcoin so we will see more and more people allover the world depend on bitcoin in their financial transactions for sure..

 

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You can check out exactly any kind of biketan that you can only discuss with him, but he has no part in this date on folk platforms.

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My friend, I have read the whole post but you made it difficult for us because you just wrote all these in one sentence. Please understand that you confuse readers this way. Anyway I think that your opinion is not correct. You still use your national currency to shop. Instead you could have bought Bitcoin with these and shop with Bitcoin. Is there any difference?

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Shopping through the Bitcoin is a good and idea and we need to buy any thing through this but i hope that in the future we can easily use this but i don,t think so that any thing we can buy through the BTC from the best online stores.


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That is the reason many giants like wallmart & amazon are hasitating to adopt the bitcoin as the mainstream payment  method. The volatality is the main reason. Another reason is refund problem. You cannot get refund when paying using  bitcoin.

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On 5/10/2020 at 12:53 PM, betelihem said:

                              Please read the whole post 

How are you doing today, i read a lots of posts that shopping with bitcoin is best thing and they say that more shopping centers accept bitcoins as a payment potions, but i don't think its good idea, i don't think shopping with bitcoin is a good idea, because bitcoin don't have fixed price, lets say an android phone price is 200$$ and if we want to buy the phone with the currant price of bitcoin which is 9000$$ we have to send about 0.02222064 satoshis, and we buy the dives with bitcoin but when the price of bitcoin rice to 15,000$$ then 200$$ worth of bitcoin will be 0.01339887 satoshis and that means we lose 0.0082177 satoshis, and what i am saying is don't buy any thing with bitcoin the price is not fixed change it a fiat money and buy with it don't just send the whole bitcoin,i think we all know the history of a person who buy a pizza with millions dollars worth of bitcoins now, what did you thing?? do you have better ideas. thank you.

That's true when we have fixed price fiat currency to buy products, then we use bitcoin to buy anything, because we buy product price not changed, but bitcoin price always fluctuates means day after day bitcoin prices increase, so use only trading are investment purpose.


 

   

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As far as I'm concerned, Shopping with Bitcoin will help a lot for mass adoption. And, as for your case, what if bitcoin price goes to 4500$ then you will be in a profit of 100$.

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On 8/29/2020 at 11:47 AM, JohanDonne said:

It is right but you pay the money according to the recent rate, after the money is paid there is nothing to do with the rising or decreasing the price of the bitcoin

But if you buy something with 100$ worth of bitcoin and after some days when the price of bitcoin rice you will lose some moneys because bitcoin is not stable coins and its not good for payment options its good for trading.

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6 minutes ago, betelihem said:

But if you buy something with 100$ worth of bitcoin and after some days when the price of bitcoin rice you will lose some moneys because bitcoin is not stable coins and its not good for payment options its good for trading.

That's actually just the same. Using your bitcoin for payments can also be considered as trading it. Since you are using it on exchange of other product 😄


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9 minutes ago, Darkelf11 said:

That's actually just the same. Using your bitcoin for payments can also be considered as trading it. Since you are using it on exchange of other product 😄

No its not trading, When i say trading i was saying bitcoin trading which is buying bitcoin with low price and selling it with higher price that is bitcoin trading. and bitcoin price is not fixed so the price will rice or drop on some time so if you buy something with bitcoin and after a while a price of bitcoin rice then you will lose some moneys because the price of bitcoin is not fixed.

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I not understand this you tell us not to use Bitcoin because there was one guy that made a mistake and bought pizza with a billion dollars with his bitcoin? I have hear of a pizza guy but I not think this was the price so high then and he may have many more bitcoin. But he could know the price was going very high when it started, I don't know.

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On 5/10/2020 at 3:23 PM, betelihem said:

                              Please read the whole post 

How are you doing today, i read a lots of posts that shopping with bitcoin is best thing and they say that more shopping centers accept bitcoins as a payment potions, but i don't think its good idea, i don't think shopping with bitcoin is a good idea, because bitcoin don't have fixed price, lets say an android phone price is 200$$ and if we want to buy the phone with the currant price of bitcoin which is 9000$$ we have to send about 0.02222064 satoshis, and we buy the dives with bitcoin but when the price of bitcoin rice to 15,000$$ then 200$$ worth of bitcoin will be 0.01339887 satoshis and that means we lose 0.0082177 satoshis, and what i am saying is don't buy any thing with bitcoin the price is not fixed change it a fiat money and buy with it don't just send the whole bitcoin,i think we all know the history of a person who buy a pizza with millions dollars worth of bitcoins now, what did you thing?? do you have better ideas. thank you.

The merchant should convert the Bitcoin into their currency(eg. USD) after receiving the payment. Also the merchant should add the conversion fee in their product price if the currency that the customer will be using is Cryptocurrency in that way they will not lose their profit.

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I actually don't know if using bitcoins is a good idea, because it generates bigger profit when you are using trade exchange. Using it as a method of payment is kind of silly since you could practically use your bitcoins to be converted to your desired currency in real world money which definitely gives you more than what you think of. Personally, I would just try to hold it and use it as an investment to further grow its value and there would be a good time of trading it then I would be also doing that stuff since the reason why I invest is to generate profit.

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Yes i agree with you that If one wants to make more profit from Bitcoin then one should invest somewhere or trade with Bitcoin. Because the rate of Bitcoin fluctuates. And if we buy from Bitcoin, we may regret it later, as you gave the example. Therefore, it is better for us to invest or trade than to buy with Bitcoin.

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Bitcoin is all about dreaming. Some people dream that having 1 bitcoin will make him rich one day in the future. Some other, they use all transaction with bitcoin just to avoid taxes and footprint. Just remember the birth of bitcoin, what is the purpose of creating it, and how it develops to be the attractive currency for most deep web and dark web people who do not want to use money from the bank, because government can trace them.

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Shopping with bitcoin causes me to feel exceptional because I have this awesome digital currency that isn't anything but difficult to get and I have a few times bought applications and paid with bitcoin this was incredible

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Reading the whole post is very hard the way you wrote it as this is a whole sentence without seperating your thoughts and probably you made it as this on purpose to have a laugh with everyone. Not funny though.

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On 5/10/2020 at 2:23 PM, betelihem said:

                              Please read the whole post 

How are you doing today, i read a lots of posts that shopping with bitcoin is best thing and they say that more shopping centers accept bitcoins as a payment potions, but i don't think its good idea, i don't think shopping with bitcoin is a good idea, because bitcoin don't have fixed price, lets say an android phone price is 200$$ and if we want to buy the phone with the currant price of bitcoin which is 9000$$ we have to send about 0.02222064 satoshis, and we buy the dives with bitcoin but when the price of bitcoin rice to 15,000$$ then 200$$ worth of bitcoin will be 0.01339887 satoshis and that means we lose 0.0082177 satoshis, and what i am saying is don't buy any thing with bitcoin the price is not fixed change it a fiat money and buy with it don't just send the whole bitcoin,i think we all know the history of a person who buy a pizza with millions dollars worth of bitcoins now, what did you thing?? do you have better ideas. thank you.

I never use bitcoin for shopping, because it's a shame if bitcoin is just to buy pizza, I better trade bitcoin or keep it and when the price is high I can sell it for a big profit. I think you agree if bitcoin is for long term or short term investment.

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If that time has come then the cryto world was totally dominating. And that will be a great thing for us , as crypto users, It could be a help to all of us and the cryptocurrencies were really stable and the rates of exchange on market are doing good.

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On 9/18/2020 at 2:27 AM, Sugibengi said:

I never use bitcoin for shopping, because it's a shame if bitcoin is just to buy pizza, I better trade bitcoin or keep it and when the price is high I can sell it for a big profit. I think you agree if bitcoin is for long term or short term investment.

Yeah you are right, i think you see my point bitcoin is only fro trading and getting profit from it, but if we use bitcoin as payment option that will make us lose so much moneys,, but some member's don't get my point and they try to argue with me.

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when you exchange it to fiat you literally did the same thing but in another way , in both ways you will have to spend the same amount of bitcoins to buy the phone but when use bitcoins directly the seller will get benefited if the bitcoin price increased , but if you exchange it the exchanger will get the profits if the price increased and actually don't forget in case you used an exchanger you will have to pay fees for exchanging then transferring the money to your wallet , so at the end i see using the bitcoin directly to buy the phone is the better option

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In my opinion ability to buy with bitcoins is limited I don't see any websites using crypto so I usually but other coins or invest or buy games phone 

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I agree with the OP, in my opinion, if you want to do shopping, it's better to use altcoins that have stable prices or maybe use digital payments like paypal.😀


 

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Bitcoins are not much popular and shopping through them is not recommended one should trade it with a suitable currency and then enjoy his or her shopping experience


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