Since we first started investigating Bitcoin (and alt coins in general) over a year ago – see this article about buying cars with Bitcoins – many things have happened to help this new kind of trading/transaction explode in popularity and use.
Bitcoin Goes Mainstream
With travel sites like Expedia accepting Bitcoin, and huge online retailers like Overstock also accepting it, Bitcoin has really taken off. There was even a NCAA Football Bitcoin Bowl that helped attract mainstream attention to it.
There are even online pharmacies accepting Bitcoin (and litecoin and dogecoin). See the video below.
Can You Play Poker (or gamble) With Bitcoin?
It stands to reason that if people are able to now buy most anything with Bitcoin that there must be some place online to gamble with it too – right?
Well, once again, if you are a gambler, Bitcoin does not disappoint. See the video below.
What’s Next For Bitcoin and Alt Coins?
In the future some sort of cryptocurrency (maybe not Bitcoin) will most likely be used every day by most every person on the planet for exchange of goods and services. In many cases this is happening already. We can’t wait to see what the future will bring.
Many people find it crazy that you can buy a car with digital currency.
There are other car sellers accepting Bitcoin too, Check out the following video:
What Else Can You Buy With Bitcoin?
All kinds of websites and businesses are accepting Bitcoin in payment for goods and services. Here’s a site called CoinMotors where you can Buy and Sell Cars With Bitcoin. Interesting stuff in my opinion.
After doing some digging I found that it’s actually real easy to convert your dollars into Bitcoin at sites like CoinBase.com. You just hook up your bank account and start buying!
After you have some Bitcoins (or a portion thereof – you can buy 1/1000th of a bitcoin if you want – around 60 cents worth at this writing) you can send them to whoever is willing to take them in exchange for whatever it is that you want. Cool stuff.
It stands to reason that if all sorts of regular kinds of businesses like car dealerships are accepting bitcoin for payments then there must be casinos that take them too right?
There isn’t actually another kind of Bitcoin per se, but there actually are dozens of other crytpo currencies that have sprouted up – many people have heard of Litecoin – but there literally are dozens, if not hundreds of other kinds of crypto coins out there that people are using for trade.
Buy With Caution
It stands to reason that whenever you enter an unfamiliar (and new) realm it pays to proceed with caution. I’m not quite ready to bet the farm on this new form of payment, but I am dabbling a little. I’ll let you know how it goes.