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Topic: Advantages of paying with Bitcoin - page 15. (Read 5330 times)

legendary
Activity: 2383
Merit: 1551
dogs are cute.
September 10, 2017, 12:36:21 AM
#28
I will say that it will be one of the terrible mistake that you will commit the moment you pay for something using bitcoin, like we all know bitcoin is going to be highly successful in future ,so the price will also increase and then you will get a big profit. But if you spend the other person will get the profit.
sr. member
Activity: 508
Merit: 250
In CryptoEnergy we trust
September 10, 2017, 12:13:29 AM
#27
Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.

Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.

Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.


besides that bitcoin is not subject to income and wealth taxes, free transactions without limitation limit, can be used anywhere with the same exchange rate in all countries in the world
it is convenient to use,anytime anywhere as long as have connection and can be good for savings. As it's volatility increases it offers more opportunities when we got the opportunity to have a btc noe and earn big in future.
full member
Activity: 165
Merit: 100
September 10, 2017, 12:04:50 AM
#26
Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.

Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.

Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.


besides that bitcoin is not subject to income and wealth taxes, free transactions without limitation limit, can be used anywhere with the same exchange rate in all countries in the world
Ctn
sr. member
Activity: 644
Merit: 259
September 09, 2017, 11:55:08 PM
#25

Bitcoin has always been good currency and the new opportunities are always finding its way around. It's not just about bitcoin but many ether based smart contracts are forming technology which can provide us online payment gateway. I would love to use bitcoin as payment processor because it is very much instant and I would not wait fir confirmation of payment because once I see incoming pending payment then I'm sure it's gonna be there in my account. Once people start believing in that block chain process they will be more into using it as payment mode. Just with one click accounts are credited. Just love it.
full member
Activity: 406
Merit: 101
Decentralized Digital Billboards
September 09, 2017, 11:27:19 PM
#24
make purchases of products from other countries without worrying about differences in currencies, anonymity and big payouts can be made easily without limitation on payments.
full member
Activity: 266
Merit: 100
September 09, 2017, 11:01:40 PM
#23
So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

For me in my part I guess the anonymity in buying and in paying is the big advantage in bitcoin.
It is also easy to use and in my country buying btc is not that difficult and the exchange rate is not that high so I love btc the way it is.
hero member
Activity: 1050
Merit: 529
September 09, 2017, 10:49:23 PM
#22
but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?
Certain advantages that I can think of are. Firstly you get some anonymity, yes it's not complete untraceable but atleast you don't need to provide your name and address. Also most of times when buying with btc you get some discount, that's because the merchant doesn't need to pay taxes for btc so to encourage people to pay with bitcoin they give discount on btc payments. But along with these advantages there are obviously some disadvantages that you know of like the wait time for tx to get confirm.
full member
Activity: 140
Merit: 100
September 09, 2017, 10:45:02 PM
#21
So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?
I think it depends there are ups and downs in crypto currency,
For example you are going to pay for your bill and they really need it at the moment the bitcoin transaction is really not a good way to pay,
But if you are going to send some money somewhere far from you and it would take a couple of days for them to recieve I think it is best to use bitcoin.
hero member
Activity: 952
Merit: 513
September 09, 2017, 10:38:58 PM
#20
So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

I wouldn't really call bitcoin transaction fees cheap right now, but they are still a lot cheaper if you are paying globally compared to bank transfers which can involved tens of dollars in fees as well as conversion spreads and fees.

But yeah, you are dead right. Bitcoin is a store of value, and it's global. That's the two attributes that makes bitcoin so popular in my opinion. It is decentralized as well, which means that no central bank is able to screw it up.

Biggest advantage imo is that you can pay to whoever without knowing them at all, even if they are in a different country the fees are the same.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
September 09, 2017, 10:33:22 PM
#19
So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?
For me the advantage of Bitcoin is for investment purposes because nowadays if we want a faster transaction we also pay the highest fee which is quite downside for buying goods online. Anonymity, transparency and privacy are the most advantages only seen in cryptocurrency most especially Bitcoin that which most people want in every transaction. I know that a decentralized coin has potential to be a succesful one in the future depending on the peoples usage and trust just like Bitcoin which is pioneering in the cryptocurrency world that also the most trusted one since it is known to withstand in any situation and is also proven it's stability and reputation.
sr. member
Activity: 700
Merit: 250
September 09, 2017, 10:16:34 PM
#18
For me the advantage of bitcoin is that it is anonymous and when I have to pay my bills, I really don't have to go outside to pay those bills; as long as there is the internet then I'm not behind every paying bill I need to do every month, and its fast and easy too. It is very convenient and it saves me a lot of time.
sr. member
Activity: 1190
Merit: 306
September 09, 2017, 10:10:04 PM
#17
I don't see that there are any advantages except for the illusion of anonymity, if
that's your thing. There's the miner's fee, long confirmation times, zero buyer
protection, and the chance that bitcoin could shoot to the moon right after you
spend it.  Fiat is a much better option for buying things in my opinion.

If you try to convince Joe Blow on the street that he should buy a cryptocurrency
in order to buy a cup of coffee, he'd say "Why?".  And I don't think anyone could
give him a good answer.  Owning it, yes.  Buying items with it, no.
full member
Activity: 182
Merit: 100
September 09, 2017, 10:09:45 PM
#16
before i was using bitcoin to buy stuff only and purchase some games but right now as the fees are getting higher i just maintain it as an investment. Before bitcoin was use to purchase illegal stuff and it became their mode of payment as it have anonymity not because they want to try out the platform but they take the advantage of not getting caught by the government law enforcers.

The advantage of bitcoin is the fast transaction with anonymity which is it one of it functions. I am hoping that by the end of this Year there are many Physical store accepting bitcoin as the mode of payment, also some restaurant. This will be the future ahead of us bitcoiner and it will get more popular than before even there are a news attacking bitcoin by different country.  
legendary
Activity: 3472
Merit: 10611
September 09, 2017, 10:01:10 PM
#15
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

exactly. people always are confused about this "anonymity" but it is there. bitcoin is not anonymous but it can be and the privacy that comes with it is very useful. you don't need to sign up, verify, give your identifications, ... you just make the payment.
and it is global. you no longer have the issue of wondering if you can use your credit card in some place or the other and you will never have the security issues coming with usage of a credit card.
member
Activity: 67
Merit: 10
September 09, 2017, 09:54:41 PM
#14
It has advantages like it is easy to use, safe has good security.
Less transaction fees and faster transfers with full control over our money without any limit. No more cash required and can do payments online easily.
legendary
Activity: 1218
Merit: 1007
September 09, 2017, 09:52:55 PM
#13
So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?
You listed most of them already to be honest, anonymity and speed, along with low fees, are a lot of the primary functions that Bitcoin brings to the table in a respectable manner. Compared to a lot of the other payment systems, such as Paypal and the like, it's a lot harder to have any sort of ability to make sure that the money you earn through such a system, especially on some websites such as eBay or PayPal, will actually be in your possession for a few weeks time, even if you have supplied a good or service.

One that you didn't mention, though, was how Bitcoin allows for anyone of any age to be active in the economy. Whether that is a good thing or a bad thing is up to the viewer.
full member
Activity: 392
Merit: 101
September 09, 2017, 09:47:26 PM
#12
in my opinion Advantages of paying with Bitcoin is: privacy, transparency, secure and control (Bitcoin users have full control over their transactions).
full member
Activity: 504
Merit: 100
September 09, 2017, 09:42:35 PM
#11
I think a lot of money to pay using bitcoin, paying with bitcoin is very practical, we just use a computer with internet network, and we can already transactions around the world, unlike a complicated central bank, that's one advantage to pay with bitcoin.
hero member
Activity: 1078
Merit: 501
September 09, 2017, 09:31:02 PM
#10
Advantages of paying with bitcoin are, we can pay on our house without going outside our house. It also has a record with our email and we can see if its confirm or not, we can keep it as our official transaction and receipt. And I guess it is safe because we don't have to go outside and then we don't need to hold cash because we can do transaction online.
full member
Activity: 252
Merit: 100
September 09, 2017, 09:28:34 PM
#9
if I think the advantage of paying with bitcoin is when buying the desired item to buy it when bitcoin the price is down,
of course it will benefit the buyer but I like that way because it can save expenses
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