Current Events > Could I use bitcoin to like buy a house or a car or groceries or w.e.

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Doom_Art
01/07/22 1:43:42 PM
#1:


Not trying to be a smartass

Just not sure how this all works

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Trumpo
01/07/22 1:44:44 PM
#2:


Yes
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AngelicRadiance
01/07/22 1:45:02 PM
#3:


You can use it to buy more crypto

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Jabodie
01/07/22 1:46:49 PM
#4:


If they accept it. Realistically this would probably need to be facilitated by PayPal or something similar.

But IIRC you would need to pay capital gains tax on the value of your BTC profits at the end of the year.

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Doom_Art
01/07/22 1:46:52 PM
#5:


Trumpo posted...
Yes
How

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Giant_Aspirin
01/07/22 1:55:07 PM
#6:


certain retailers were accepting BTC as a form of payment a while ago, but i think they stopped doing that b/c of how volatile the value of it is

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BlockAddition
01/07/22 1:55:46 PM
#7:


Doom_Art posted...
How
They give you their wallet address
You send the agreed amount of btc to that wallet address

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Feline_Heart
01/07/22 1:57:50 PM
#8:


This video is from 3 years ago and they were able to do it then so I'm guessing that its even easier now

https://www.youtube.com/watch?v=F3QtsGhBA6U

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BlockAddition
01/07/22 2:01:41 PM
#9:


Feline_Heart posted...



Didn't watch the video but it's as easy as scanning a qr code

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