Post
by kiiniaew » Sat Jun 10, 2017 6:27 pm
Yeah, I recently got into Ether as well because I want to diversify from BTC to hedge potential risk of August 1 (BIP 148 UASF - The Bitcoin FORK). This might help it climb higher or be an alternative to BTC in case something goes very wrong. Also swapped some BTC for fiat and waiting to reinvest once the impact of Aug 1 is clear.
What you can do with Bitcoin at the moment:
- Buy legal stuff online. For example: physical gold, jewelry, gift cards (use at Amazon, Walmart, Target, etc.), airline tickets, hotel bookings, electronics, and much more.
- Buy legal stuff offline: various shops, restaurants, bars. (A problem is the BTC confirmation time increasing, other coins might succeed here).
- Keep as investment / Trade it e.g. Forex like or stock like
- Transfer money internationally with relative low fees
- Exchange to fiat currency: wire to your bank account, cash from special ATM's, in-person trading for cash.
- Pay your escort agency/hooker
- Online / Offline Gambling
- Buy illegal stuff online
Within Cambodia you would not find much offline usage for any crypto currency. Try Japan, South Korea and maybe Singapore or Hong Kong.