What You Can You Buy With Bitcoin and Other Cryptocurrencies ?

in #bitcoin6 years ago

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When Satoshi Nakamoto revealed he isn't famous to buy paper back in 2008 he did not expect between to earn the name of digital gold I think no one really expected that but sometimes the best things happen unexpectedly 

Bitcoin original idea was to be a superior version of electronic cash and not investment vehicle where you can park your money and store your wealth the idea was to enable regular people to transfer money worldwide safely cheaply and most importantly without the intervention of financial Authority


Originally things were meant to be bought and sold with Bitcoin it was not designed to end up in the hands ofinvestors holding their stash of coins but wait a minute back in 2009 why anyone with the rational mind would do the thing especially if they have perfectly functional currency backed by central bank well this is true not many people heard about Bitcoin back then additionally if Bitcoin would be a digital electronic cash it was designed in the first place it would not be more than six thousand dollars right now do not get me wrong you can spend your bitcoins anytime if you would like to do that here are Five coolest things you can buy 


1.  Apartment in Dubbai 

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You may have seen the headline early this year a some cryptocurrencies to resist expressed excitement as young investors find some great possibilities buying a slice of real estate heaven in the worlds of most luxury city Austin Plaza and residence salt 50 apartments in Bitcoin back in February located in Science Park Dubai the apartment will offer residents the chance to live close to Dubai's famous landmark such as the tallest building in the world Burj Khalifa as well as Dubai International Airport


The prices of the studio apartments ranges from 15 to 16 BTC considering the current price of the bitcoin it would be over $100,000 keep in mind guys apartments was sold back in February when Bitcoin was around $12,000 each it means that apartment was twice as expensive as right now

Additionally one-bedroom apartments could be found between 25 to 27 BTC while two-bedroom apartments apprised between 38 to 41 BTC to be honest it is not expensive comparing to New York City apartments the rest of the apartments are available only for fiat currency 

So if you would like to spend your BTC for luxury apartment in Dubai well too bad you won't get any 

But if you still want to get your hands on some real estate using Bitcoin it's actually not just best NIC away despite the volatility the worst first cryptocurrencies still gaining traction in the real estate industry with the new reports from max action first featuring Bitcoin as a perfect fit for the property market


2. A political scandal 

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If you like the idea of exposing corruption or seeing the rich and powerful information you can donate your bitcoins to WikiLeaks

Now a new famous whistleblowers that exposed the information about Hitler's email found out about the order during the French election or simply supported keeping an eye on Russia your bitcoins and Satoshi can help


Despite the mysterious nature of its founder WikiLeaks is register nonprofit and search you can give bitcoins as an in-kind donation this means that you can help found this controversial truth around corrupted politicians but personally I would not recommend spent Bitcoin this way all so who gives a about those corrupted politicians they were corrupted before and they will continue being corrupted regardless of exposure 


3. A college education

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I know I know there is a lot of controversy about college education and if you should go to college in the first place it all comes down to what do you want in your life as a career and what are your goals are if you would like to be in shipping the world oil business man the college is probably not really for you but if you would like to be a doctor engineer a lawyer then yes you should go to college 


Cambria University in the United Kingdom became the world's first public university to accept Bitcoin as a payment for tuition fees in 2014 and who said the British were resistant to change they may not have been thrilled about the Euro but the UK is surprisingly Bitcoin friendly so if you really want to spend your hard-earned bitcoins on further your college education there is a handful of other academic institutions globally that allow you to do that the list includes mexico's university della americans and switzerland loosener University of Applied Science and Arts


4.  Bath bombs and bubble bars 

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If you want to live back and relax in the bath full of bubbles you can use your Bitcoin to do so the marker of bad bombs bubble bars and all things delicious wash cosmetics accept bitcoins in payment for its products finest manager my quest they clear on their website last year accepting Bitcoin is very exciting for launch with Bitcoin customers who all over the world will pay the same for our product free from volatile currency fluctuations and lava bank charges clearly he was holding the bat ball and not a crystal one because fluctuation is well not anymore


5. A diamond ring 

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From digital gold to real gold if you are really hooked on living high life you may as well go out and get yourself or your partner a diamond ring reads jewelry is modern happy to accept your bitcoins as a payment for Jubilee and watches in the online or any of their sixty five-plus stores in the United States


Bitcoin purchase please they say money can't buy happiness but maybe Bitcoin can from luxury travel to soak in the top you can still buy quite few things with Bitcoin but as with the other digital currency you should probably assess the risks first before buying the luxury apartment or your favorite sushi roll with Bitcoin buying high ticket items in volatile digital currency is not without its risk so while you hopefully will not end up standing outside of a property without the keys or a cache it's unlikely that bank will give you a mortgage in the Bitcoin anytime soon 



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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by aboel3z from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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Hi @aboel3z

Interesting topic. I believe most of us hold on to their crypto as a store of value and we hardly use it to pay for any services.

Anyway, just accidently bumped into your profile just to realize that we seem to share a number of interests :)

In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

I will follow you closely :) big fat upvote on the way! :)
Yours, Piotr