Have you ever shopped using Bitcoin?

[lawrencegordon]

I have not yet shopped with Bitcoin, although I am thinking of doing it in the future.

Personally I think Bitcoin is a cool payment system, but they need to offer better security.

Did it accept as a standard payment method?

 

[onlinestorehelp]

The hard part about Bitcoin, is it is not a stable value. It is more like a commodity with its value that fluctuates so if you arent careful, you can be over paying for something versus normal credit card.

 

[AbeloHost]

Bitcoin has stabilized over the past year. And yes, I've used it, and it's great.

 

[OrusX]

I make purchases with bitcoins , but already used in some of my online stores and had bad results. No one bought by bitcoins

 

[tvtaddy]

I haven't used the bitcoin as in my place they are not so popular.

 

[Broccoli]

Bitcoin, in my opinion, was simple to use. But with all the different wallets, and the fluctuation of value in a Bitcoin, the process of buying and selling can be so much more complicating than simply using a PayPal.

 

[djone]

No, i never shopped using bitcoin just because of fluctuation of its value.

 

[ulterios]

I've never used Bitcoin myself. One reason for that is that it isn't accepted as a form of payment at most of the places that I make purchases from online.

There's also the fact that it's value fluctuates over time. It's more stable lately though.

I think if it was accepted by more places I buy from then i'll probably try it out, just to get some experience with it.

 

[EpicGlobalWeb]

I have not yet shopped with Bitcoin, although I am thinking of doing it in the future.

Personally I think Bitcoin is a cool payment system, but they need to offer better security.

Did it accept as a standard payment method?

Bitcoin is one of the most secure systems out there. There is no fraud protection which is what you're referring to.

I have a client who only accepts Bitcoin on his e-commerce store. It may be an alternative to the US Dollar soon which is destined to collapse at this point because there is too much money supply. Bitcoin doesn't have the same inflation concerns and is decentralized.

It also taxes as capital gains instead of income tax which can save you money with the IRS. And not for nothing but it is unlikely the IRS has time and resources enough to audit Bitcoins.

 

[DavidFeldman]

DavidFeldman

I don't really think the US dollar is going to collapse any time soon actually.

I have never used Bitcoin, nor do I plan to. If either could be expected to collapse anytime soon, I would bet on Bitcoin collapsing, not the US dollar.

 

[EpicGlobalWeb]

EpicGlobalWeb

Most people think that way also. But fiat currencies always collapse due to hyper inflation and you don't realize it until right at the end of things. America has flooded 8 trillion dollars into the economy in the last 16 years. That is more inflation that has happened in the entire history of America.

So you're sadly mistaken about that - Bitcoin is a non-fiat, decentralized currency that cannot collapse, where as the US Dollar is only accepted because people think it's worth something. It stopped being a part of the gold standard 45 years ago. The only reason it has kept going this long is because we have then benefit of expansion. However, if you take a look right here:

[URLnofo]http://usdebtclock.org/[/URLnofo]

Then you'll find we have exceeded our entire nation's GDP and it has been over-taken by debt by over a trillion dollars. Do you think the government owes itself? No, it owes private banks. The Federal Reserve is a private bank, not a government entity, and nobody owns it. This is the problem Bitcoin plans to solve. It will work because it's the same problem gold-backed currency solved - it takes away a nation's ability to create money out of thin air.

The next phase of quantitative easing (QE4) will cause an un-recoverable amount of inflation and prices will dramatically rise. Bread and milk will cost hundreds of dollars suddenly. The only edge against inflation at this point will be gold, silver, and bitcoin.

Bitcoin's collapse will never be due to monetary policy or inflation. It can only fail if people stop using cell phones. But you can never totally delete an address, which is why it is safe even in times of major fall out.

Still think the dollar can't collapse? Well, so do most.

 

[rohan941]

I have not yet shopped with Bitcoin, although I am thinking of doing it in the future.

Personally I think Bitcoin is a cool payment system, but they need to offer better security.

Did it accept as a standard payment method?

You're right, bitcoin is pretty cool, now I've never used it before but I've hear of alot of success from other bitcoin users. I believe later on in the future bitcoin will get more popular, there are other big business who are now using bitcoin as payment option for instace fiverr. But I'm still doing research on this becuase it can be a bit confussing especially if your a newbie.

 

[EpicGlobalWeb]

EpicGlobalWeb

You mainly need to download a wallet from bitcoin. You get a cryptographic address. Then it downloads the blockchain (every transaction ever done). It will give you a .bit or .bat file that is your wallet address. Print it as a physical back up and on a usb stick. You can buy or mine bitcoins. You need a dedicated ASIC unit to mine effectively. Mining on your main computer will barely earn you 20 cents a day. Probably less. A row of 10 - 15 ASICs will decrypt at a fast enough gigahash rate to live off of. But only right now because bitcoin prices are highly volatile.

 

[hostingspecialists]

I accept it but don't really have anywhere to spend it. None of my suppliers or companies I deal with accept it. It's just accumulating.

 

[EpicGlobalWeb]

EpicGlobalWeb

You don't need to worry about that because it can be converted to cash or gold fairly quickly. I believe Midas resources accepts Bitcoin in exchange for gold and silver bullion, at which point you can get cash for it at any pawn shop for 90-95%.

And if you're willing to sell your Bitcoins to me, I'll gladly take them off your hands for a fair price.

 

[onegoodman25]

I never used Bitcoin and I am not planning to ever use it or accept it, bitcoin has a lot of major issues that it fail to address. I believe there is a need for an online standard payment, but it is not going to be bitcoin. Over the last few years we never know what makes it really rise or fail, it is more of a stock in the stock market, and we all know when the stock go down, so does people savings

 

[vishwa]

I never used Bitcoin as my payment option because it is still very risky and volatile payment option. Remember the incident of liberty reserve.

 

[Developer]

I must admit, I have never been too fond of Bit Coin, BUT, that is mainly because
it is out of the realm of normality and I am a very old-fashion kind of guy.

However, as a new found friend recently informed me, if the economy keeps
going the way it is, (which with the current presidential candidates, I do not
see it getting much better any time soon), then stuff like Bit Coin may very
well be something we should all be looking into (perhaps not necessarily Bit
Coin itself) but some kind of alternative none the less...