Bitcoin is just a virtual currency, but it is used as real money to buy many things. There are many people who accept Bitcoin payments for items, including online stores and regular stores. Popular online stores accept Bitcoins including Newegg, Overstock, Microsoft, Dell and more.
In the United States, there are Reeds Jewelers, One Shot Hotels, Holiday Inn, and even pizza locations, restaurants and more. You can even use Bitcoin to buy addictive drugs, gambling, bullion, or even donate to charity. This is the reason why I like BTC.
Here in Philippines, you can actually use bitcoin to pay for services and even use it to pay some products. We can easily cash out our bitcoin, which means we can actually use bitcoin to purchase anything. Having bitcoin is really good because bitcoin value can actually grow and it is convenient to use.