Re: Can you use Bitcoin to pay everything online?
Yes - I can, but only limited with who is doing the transaction. If I trade with those who are willing to accept bitcoin as a means of payment - then of course the transaction will involve bitcoin. But if not - fiat might be the main option.
I don't have bitcoin yet but planning to acquire it. I have been in the forum for sometimes now though I am not regular, but studying whenever I visit the forum. And noticed one thing about bitcoin. Bitcoin is a digital money for trading, payment of goods and others. But what I noticed is that, bitcoin cannot be used to buy and pay some instant services and goods. Examples, you want to buy banana on the way while driving from a hawker, will you use bitcoin to pay the bananas? Because the way I am looking at it, it is possible but the delay in transfer is the concern here. Bitcoin transfer is not like the bank transfer in which we received instant allert within 2-3 minutes time. I know some people will say set the transaction fee high then you can pay whatever you are buying with instant alert. I don't think someone will pay something with BTC and the transaction fee is very high and double the amount you want to pay for the goods.
So I want to know in such situation, what will you do? I am asking this question because bitcoin is a digital currency for exchange of goods and services. I know that there are some services you pay ahead but what of the ones you are buying instant? You just came to the place and you want to buy from the hawker and zoom off, and you are to pay with bitcoin because there is no physical cash in your wallet/pocket/hands. And because of the delay in payment I was thinking that not everything we see can be purchased with bitcoin, is it true?
Bitcoin should still be an alternative option for most people especially in everyday transactions - but you can adopt it as a means of payment in certain places and with certain users. I don't see anything strange about the time it takes to process transactions - it really depends on the fees you use to broadcast them.
If you are an experienced user - then it may be possible for you to pay with LN or something else like the features that centralized exchanges offer. But bottom line bitcoin is still a good alternative to paying for some cheap stuff like a bunch of bananas.