Quote from: 1BTC EQUALS 1CAR on July 29, 2018, 02:49:24 AM

Quote from: gentlemand on July 28, 2018, 12:24:34 AM

No idea whether that figure is accurate. To me at least it seems ridiculously high. I wouldn't have expected more than 5-10% as a pure guess. Most people are parking for the long term or playing shitcoins.

Actually buying stuff looks low down the order unless you want to get rid of some free profit. And merchant options are contracting. If you take payment processors into account Coinbase have basically told merchants to sod off by making them handle their own keys and Bitpay wants to turn everyone onto shitcash.

Looks unbelievable for me too. What kind of goods are they referring to? People still hate the fees that are deducted to them everytime they use bitcoin to buy or transfer their funds. Bitcoin users prefer making a transactions once every few months or a year so I'm really curious.

Yeah that's true, and I think that's why we don't see as much widespread usage of it as everyone hopes for. It's hard to transfer such small amounts on a regular basis when the fees are that high. If you compare it to other ways of buying things, like cash or card, there is no point in using bitcoin for such small purchases.

Otherwise people can use it for keeping their money in one place and then just bring out spending cash every month or something. It seems a bit more reasonable that way because even if you pay fees, theoretically, you would gain more in the increase in value of the coin.