I am clueless on Bitcoin. Can somebody answer one question for me please? If I had Bitcoin, what is the process to convert to money I can easily use everyday to say pay my mortgage or buy a loaf of bread at Krogers?
It's still in its infancy. When fully adopted you could have crypto cards just like you have a debit or credit card today. Currently though it's only good to transfer money online from peer to peer. If, say, Amazon accepted it, you could simply purchase goods on their site and transfer money from your BTC wallet to theirs as easily as you enter your credit card info today.
It has potential, but it's not very practical at the moment because of lack of adoption, price volatility, high fees, and high transaction confirmation time.