There are many advantages of owning bitcoins like this one, however still many of the people are not aware of its advantages yet. Online wallets are not that safe like offline wallets but are very useful in these type of scenarios.
Yeah there are many advantages if you have own some btc. You can be rich if you have lot of it. You can spend it in some stores that accepting the bitcoin as daily payment. 
Topic: Another Good Reason to Own Some BTC - page 11. (Read 5009 times)
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Well, yes it can be helpful this way. But what if you lost your device that holds your bitcoin? So yes, sort of the same problem.
But yes it is better in a sense that you can hold a single bitcoin wallet on multiple devices, hence you can still have access to your wallet if you lost one device.
At the begininig people wanted to have some Bitcoins because that was something new and different and also the alternative to traditional finances so Bitcoin owners were cool.
Today is a bit different and more and more people are having coins, most of them because of the value and because they think they will be rich one day.
Today is a bit different and more and more people are having coins, most of them because of the value and because they think they will be rich one day.
With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
But,the transaction fee is now getting reduced from last week and also transactions are confirmed quickly with even very low fee.Spammers have started leaving the network who were responsible for delay of confirmation of transactions.Now,we could expect the same lower fee which we earlier paid.
There are multiple good qualities owned by bitcoin technology. In which, the best one, we can take and transfer bitcoins to anywhere in anytime.
I really like the aspect that you can take the bitcoins anywhere on a USB, or just send them online.. Thats prettymuch what made me interested in BTC
it's a lovely stuff and I believe it will continue to be so. God bless Satoshi Nakamoto for this wonderful innovation.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Many people think that if you have cash, gold or treasures in your hand, it is better to own a bitcoin. When to go somewhere if need money to sell can sell immediately to have cash consumption. Bitcoin also does that but it's better because when you own bitcoin its value can rise higher than it originally was. If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
This is really an advantage when bitcoin is already been accepted mostly on many countries which we dont really have a problem when we do travel even though we dont have cash on our pockets as long we do have our online wallet or any other wallet that do contain bitcoin would already do since we can cash-out anytime and anywhere we want. If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
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Thank you all for your replies.
In our case, having BTC (both hardware vulnerable to loss AND an online wallet) is our "Plan D" (the Scouts always have said: "Be Prepared"). We have cash, another credit card, an ATM card, and have already advised our bank re the problem.
YES, for BTC to work as described, the country you are in has to have someone to accept BTC... But as cafucafucafu wrote, some creativity can help a lot...
Thank you all for your replies.
In our case, having BTC (both hardware vulnerable to loss AND an online wallet) is our "Plan D" (the Scouts always have said: "Be Prepared"). We have cash, another credit card, an ATM card, and have already advised our bank re the problem.
YES, for BTC to work as described, the country you are in has to have someone to accept BTC... But as cafucafucafu wrote, some creativity can help a lot...
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Bitcoin is gradually being used in the travel and tourism industry, more options for booking tickets to accommodation are now available through bitcoin, but still there are many services a traveler might be not be able to get using bitcoin unless you are in Japan.
Using bitcoin instead of cash or cards for traveling has a lot of advantages, no need to worry about misplacing/theft cash or card, avoiding card fraud, no exchanges. Hassle-free traveling experience.
Yeah, bitcoin can be used as a back up if you end up losing cash or card.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Yeah Bitcoin is great when it comes to situation like that. Of course the country would have to have Bitcoin legal before you can do such things, but Bitcoin is still a lifesaver here.
Does it really need for bitcoin to get legalize before you use it? In my country, bitcoin is not really leagalize thouhg there is no law that opposes it but we could still use it anywhere. We can convert it to fiat from our hardware wallet. But what's not good is it takes an hour before you get to cash out your bitcoin. It can help as long as you dont need that bitcoin quickly.
Yeah I also think so that bitcoin don't need to be legalize just to use it in your country like as long as you can convert it to fiat that will be alright. I don't like laws and regulations for bitcoin. We all love bitcoin the way its decentralized, everyone is hands off to this.
the best reason would be when you want to go to a country like Japan which has about 260,000 merchants (last time i checked) who are accepting bitcoin. and that means you just walk around with your encrypted wallet on your phone for example and pay for anything you want with bitcoin, fast and easy and without the risk of someone mugging you in the street! they would just get your phone not your money.
wow i don't really imagine that there are 260,000 merchant in Japan that accepting bitcoin, that's too many. I just can imagine myself walking in the street and shopping around with just my phone in my pocket. Ahhhh, that's life!
this comparison doesn't make much sense you can also lose you know... your wallet and your bitcoin
the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency
while with fiat you need to pay a fee for that
the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency
while with fiat you need to pay a fee for that
Bitcoin Might be a global currency but I think that thought of yours is not applicable for now in certain countries, what if OP is from other countries besides the USA that have a privilege in using bitcoin anywhere the states, but I think in some countries they can not use their bitcoin directly that is why he is converting it into Fiat money first before he can surely use it, well we both do the same first before we can surely use bitcoin for payment in what ever we would like to buy or pay bills in certain situations.
this comparison doesn't make much sense you can also lose you know... your wallet and your bitcoin
the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency
while with fiat you need to pay a fee for that
the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency
while with fiat you need to pay a fee for that
the best reason would be when you want to go to a country like Japan which has about 260,000 merchants (last time i checked) who are accepting bitcoin. and that means you just walk around with your encrypted wallet on your phone for example and pay for anything you want with bitcoin, fast and easy and without the risk of someone mugging you in the street! they would just get your phone not your money.
having a bitcoin just like you plant a very large tree seedlings, as time will grow tall, each stems cultivate thousands of leaves, although sometimes there is a fall, does not mean he is dead completely, but there will be more new leaves that grow. tanam bitcoin sekrang dan panen hasilnya di waktu yang akan datang. 
With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).
So far as I checked the all online wallets Coinbase default fees seems little better than xapo, blockchain and others. By default they consumes 0.00087 btc as transaction fee. I agree Bitpay wouldn't have this much fees but your transaction will be completed in a 30 minutes.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Oh definitely. That's my plan B whenever I'm abroad. So far I never had to fall back on it though.
Even i am having plan for travelling some country which really having bitcoin atm and Mining (May be china) . I keep my bitcoin for my travel expenses . It was my first priority to hold bitcoin for travel expenses. Its really one of the best upsides of bitcoin.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Well, this is definitely one of the upsides of bitcoin which has allowed for it to grow into what it is today, and also what is making cryptocurrencies look much nicer and conveint. I would totally recommend keeping a couple of bitcoin just in case your wallet gets stolen overseas, so you can still use money with bitcoin. Maybe in the future bitcoin will be more widespread so anything can be bought with bitcoin, instead of hassling to exchange your bitcoin. Even in small countries it should be possible to sell your bitcoin for fiat making it super convenient.
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