Busting the myth; Bitcoin cannot buy anything

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2 years ago
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The assertion that Bitcoin cannot buy anything, to me is just a nightmare. we are now living in the digital world and everything has gone digital. in this regard alots of things is possible now in the digital world. For example electronic transaction we run on our mobile or internet banking app are possible without the use of physical money, if this is possible, what will be the hindrance for Bitcoin to be use as a means of exchange?

Bitcoin as a means of exchange is an alternative to the legal tendered fiat currency provides by the government, so this might be fight of rivalry when government didn't support it because of the fear that it might replace their legal tendered currency in no time.

The fact that cryptocurrency has been tagged as the agent of fraud by government's of some country put a lot of threat to the world adoption of Bitcoincash, Bitcoin and other cryptocurrency. This contribute to the reasons why there is still a believe that Bitcoin cannot not be use to buy anything other than to be use in defrauding others because they lack the knowledge of the actual use case of Bitcoin.

WHAT BROUGHT ABOUT THE USAGE OF BITCOIN?

Although our conventional money is digitalized to some extent but the use of Bitcoin can not be overemphasize because it brought about decentralization to our financial asset which give us the free will to be the custodian of our own assets, this as the case maybe save us from any crucial decision by the governments which may affect our money in bank, therefore leave us with ease access to our money without the intervention of bank.

Bitcoin shield us against the disclosure of our credit card detail when purchasing from online vendors, using Bitcoin to transact only require receiver address and the next thing is transaction completed. Other advantage which includes ability to reach more customers, no charge back are also why many of the e-commerce store rush into it and accept it as their payment method.

BITCOIN CAN BUY ANYTHING

The awareness of Bitcoin, Bitcoincash and other cryptocurrency is growing on a daily and thus make it acceptable in different enterprises, which ranges from electronics, e-commerce stores, luxury watches , hotel booking, even cars and so on.

As a digital marketer, I do rendered service such as website growth, social media growth and and so on, this can be easily done on a SMM PANNEL website called "JAP" Just another panel as the name implies. All the service rendered their can be purchase using Bitcoin and Bitcoincash but I preferred to use Bitcoincash because of its fast and less transaction fee.

JAP payment method

For source click here

Alot of e-commerce store has adopted the use of Bitcoin as a means of payment for their online products. I'm a Shopify expert, So I do integrate cryptocurrency as a means of payment to some of the shopify store I designed and also currently to convince my main client to accept Bitcoincash as a means of payment in his online store.

Companies that deal with electronic appliances, cars, hotels booking and travel booking(travel ticket), has increased in the adoption of Bitcoin as a means of payment, with the use of crypto debit card.

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Closing thought

I believe that the statement that Bitcoin cannot buy anything has been counter by the potential of Bitcoin itself and how it's been use in different organisation, online purchase etc as a means of exchange. The statement is nothing but shallow thought by ignorance of modern technological advancement and innovation as well as the sentiment of Bitcoin antagonist.

THANKS FOR READING

@SofiaCBCH here is my entry to the myth-busting 2021 challenge, Greetings to the elves.

My smartbch address

0xE44D380321A3f2D286048a265a3834a2B995E6A5

My SLP address

simpleledger:qr7vgzpsfl6mm4n4t6kpu8vp0zm94u5puv3kc6l8hy

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2 years ago

Comments

Really great article and challenges to others and buy everything

$ 0.02
2 years ago

Okay, Really?

$ 0.00
2 years ago

It's my occasion 😉

$ 0.00
2 years ago
$ 0.00
2 years ago

BTC is the new world currency

$ 0.02
2 years ago

Welcome to the world of cryptocurrency

$ 0.00
2 years ago
$ 0.00
2 years ago

"Bitcoin can't buy anything" Is just the saying of people who are not aware of the modern world.

$ 0.03
2 years ago

You are right

$ 0.00
2 years ago

Saying Bitcoin cannot buy anything is a fallacy. Though Bitcoin isn't in a position to buy everything e.g I need to buy a $4 meal, bitcoin isn't the best option but bitcoincash is

$ 0.03
2 years ago

Nice article and response to the challenge. Bitcoin can buy anything. I hope a larger percentage of people come to this knowledge soon.

$ 0.04
2 years ago

The world has gone digital and everything are done with ease using our smartphone even uneducated ones too can use it. With time adoption will be massive.

$ 0.00
2 years ago

Bitcoin have been a means of exchange across the world that sound good to all Bitcoin holders. But some country a yet to accept it as a medium if exchange, but am sure that between two to three years they will know the important if Bitcoin and accept it as medium if exchange too

$ 0.04
2 years ago

Sure the awareness is increasing day after day, I'm sure wide adoption is near to Bitcoincash and other coin hehe.

$ 0.00
2 years ago

People are already trading with Bitcoin even on noisecash a man posted about him buying 2 rabbits and he said the farmers accepted BCH as means of exchange. Bitcoin cash and other crypto currency’s are increasing day by day.

$ 0.04
2 years ago

Yeah! Exactly, increase in demand is growing steadily.

$ 0.00
2 years ago

Bitcoin can buy so many things and not long when Bitcoin would be able to buy everything I mean through Bitcoin we are already buying selling and getting so many things but soon the world will realize it's not enough we need Bitcoin in all the fields in any crypto especially Bitcoin cash that would make life easy for everyone.

You did a great job, good luck ✨

$ 0.05
2 years ago

Bitcoin has gotten alot of fan so as Bitcoincash, it very obvious that they are already in use and the wide adoption is near , where we can buy anything and everything with it . Thank you for stopping by.

$ 0.00
2 years ago

I think a key question is what, rather than whether, Bitcoin can be used to buy.

For example, I own a small e-commerce business, but it most of our transactions are relatively low value, which means it would be better to take payment by crypto which is faster and with lower fees than Bitcoin. But for businesses selling more expensive items (and ones where the customer doesn't mind waiting a minute or two for confirmation), Bitcoin is ideal.

But I still like your post, because it recognises the potential of Bitcoin with good, solid examples :)

$ 0.05
2 years ago

I think I answered the question as expected, what we can use. Bitcoin to buy? It can be use in purchasing in an ecommerce store, use in purchasing travel ticket and hotel bookings and electronic appliances and so on. Bitcoin is a cryptocurrency, because it's popular we can use it to represent other cryptocurrency in debunking of some shallow thought of money extremist. For example , I mentioned that I do purchase promotional service one web panel and also buttressed that I preferred using BCH because of it fast transaction. If you owned an ecommerce store and you are selling products that are relatively low in price , Bitcoin cash is a better option because it's has fast transaction and low fee, that why we are saying Bitcoin cash is the real Bitcoin.

It is good to hear that you like my post , thank you

$ 0.00
2 years ago