Topic: Besides its speculation ,what is the real use of bitcoin ? (Read 2822 times)
It really depends on what you want to use bitcoin for. I think it is fair to say that many consider bitcoin as the next big ticket towards big gains because of the tremendous potential to increase in price over a short period of time. To the people who are after its use as a pseudonymous currency, it is a way to buy things without the intervention of others, be it for legal or illegal means. For some, it is a new form of transacting that veers away from traditional ways and banking institutions.
Unfortunately, as I said in this other thread - besides speculation - there aren't other relevant uses of Bitcoin.
Most people here just care about its dollar price...
Most people here just care about its dollar price...
Yeah, the fact is bitcoin is only used to get the dollar as much as possible, just to make a profit, most do not care what bitcoin and will be used for what, it is important they can get a lot of money
Well bitcoin as a medium of exchange is terrifying, the privacy were talking about is good and as good in using to bad things. As first usage is on the underground of the internet many people put in their mind that bitcoin is dangerous and illegal. We dont know for sure whats the best use of it, but its good to be use in having transactions. In the near future where we move electronically cryptocurrencies will be a major medium of exchange there but as of now like gold, in my opinion Bitcoin can be best use as a reserve.
Unfortunately, as I said in this other thread - besides speculation - there aren't other relevant uses of Bitcoin.
Most people here just care about its dollar price...
Most people here just care about its dollar price...
Just in case if anyone is wondering what is the use of Bitcoin, what can you do with money when you have money what do you do with it?
You can spend it of course and easier to spend with ability to spend world wide also makes it more convenient and as a result we see crazy
Popularity and people rushing towards the whole thing. I'm sure when for the first time rail roads were invented and built after a while people
Started to see the benefits and as a result we had an industrial evolution with the help of steam engines. right now flying cars are in story books
But recently some prototypes of them were launched in to the air as air taxis in some country in EU. where ever international banks are blocking
Your access to their transferring of money system you could use Bitcoin instead and since it is a world wide accepted currency the other party
Shouldn't face any trouble cashing it out.
You can spend it of course and easier to spend with ability to spend world wide also makes it more convenient and as a result we see crazy
Popularity and people rushing towards the whole thing. I'm sure when for the first time rail roads were invented and built after a while people
Started to see the benefits and as a result we had an industrial evolution with the help of steam engines. right now flying cars are in story books
But recently some prototypes of them were launched in to the air as air taxis in some country in EU. where ever international banks are blocking
Your access to their transferring of money system you could use Bitcoin instead and since it is a world wide accepted currency the other party
Shouldn't face any trouble cashing it out.
Well, Bitcoin can be used to buy things: (https://spendabit.co). It is peer to peer which is completely different to government tendered money, namely fiat. It is also a deflationary currency that is capped at 21 million coins.
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
You have entered the community and didn't know the use of Bitcoin, the real use? You know you can google it or search in the forum so you will wake up and know. Like in what way will you use Bitcoin and in what manner does it help you?
The simple fact that it is decentralized gives it value. It opens up opportunities for the unbanked. Access to capital via p2p lending, decentralized marketplaces, more privacy. These are just a few. I like the idea of someone in a 3rd world country getting a p2p bitcoin loan, and selling goods and services globally even in a decentralized marketplace and making money to support a family. An opportunity that never would exist with bitcoin
Look at the big picture.
Look at the big picture.
Just because bitcoin was taken by the speculators money, doesnt mean it have no other uses. If bitcoin would have only the role of a speculation vessel, it would just be pump and dump scheme like some subprimes. It constantly rises in price because of the hodlers that believe it has a lot more value than the fiat it was bought with.
Usage that is harder or imposible to do with dollars:
1. Big money transfer with low fees.
2. Micropayments.
3. Easy to give tips with over the internet.
And everything of this being scam free.
Usage that is harder or imposible to do with dollars:
1. Big money transfer with low fees.
2. Micropayments.
3. Easy to give tips with over the internet.
And everything of this being scam free.
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
Global payment processing dude, without the need of a central authority/controller or government.
freedom of your finances... not meaning it to say you'll have a shit load of money i mean it in the since that your money even if its just a little bit that you own is your money and cannot be denied to you or stolen from you buy an organziation or government because they control it. thats what it is to me. it gives me the freedom to do what i want with it and keep the nosy little shits from the government out of it.
on top of just that basic tier of things i like it should be noted that now wealthy governments cant steal the funds of poor governments who are using bitcoin as there currency meaning there might actually be hope for third world countries. bitcoin, to me, is the best currency there is. fiat currencies contain to me bs things that say certain people can come and take what you've worked your ass off for without any realistic cause or legitimate reason.
illegal people use Bitcoin for illegal activity. Bitcoin protect the identity and no one can find out who we are
Criminals can try and use Bitcoin as effectively as they may to try and perform illicit activities, but a lot of the time there simply isn't enough anonymity provided by something like Bitcoin for it to be of much use to criminals. They can utilize a lot of other cryptos that are a lot more secure and anonymous than Bitcoin is. With enough dedication anyone can be traced using Bitcoin. With other cryptos it's a lot harder. Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
What you are doing right now is the use of Bitcoin. It is intended to create a new type of payment that is thru internet. To provide convenience to us, with Bitcoin. You can easily pay/receive money to another person without going somewhere which saves time and money. Due to our busy schedule, we need a currency that will enable us to make a transaction wherever and whenever we are available, and Bitcoin gives us that opportunity. Now, the exchanges are the secondary use of Bitcoin, we can use it to earn profit by trading it with other currency and maximizing its fluctuation to generate profit.
Who cares as long as the people that are crazy about it continue to make money. If that stops then as the question. Besides bitcoin is still trying to find its place.
Bitcoin is at it developmental stage and because of this op may never thing that outside speculation bitcoin has no any other means. Bitcoin as a crypto currencies was made to be a decentralized currencies, store of values, mode of payment and medium of exchange. We may not see the full values and potential of bitcoin today but in near by future we shall see it.Thats what Im talking about. Why does everybody expect everything to happen in a few days or weeks? So when people say Bitcoin can hit $10,000 of $100,000 they are absolutely right.
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
Not all countries can benefit on bitcoin because some of them can't access to internet and even if they do they don't have time to check on it. The real use of the bitcoin is really up to you. You can always check online on what you can use on it but most commonly people use bitcoin in gambling, investing, buying and selling. Those are the most common things to use bitcoin, as for me put my bitcoin on investment because I wan't to earn more than what I have now but it really depends on you there many ways you can do with bitcoin.
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
Bitcoin is pretty much used for things that can only be purchased online at for a special price. Bitcoin could get used for offline payments as well though there is not that many people that accept Bitcoin transactions offline right now. Since the price of Bitcoin is going up, there is a bunch of things that could be purchased online for a discount. I've purchased Bitcoin at a cheap price and was able to get a bunch of discounted things online. We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
illegal people use Bitcoin for illegal activity. Bitcoin protect the identity and no one can find out who we are
Bitcoin can be used in different ways, The simplest way we can convert it to fiat or in other alternative coins. because is too good for trading, people can earn a lot by using it in the market. you can buy anything anonymously, no one can track your orders like when you pay with your credit card. furthermore transactions fees are very low.
I think the real use of bitcoin is to become an additional currency to our current fiat currencies that are available in the market. Bitcoin is one of the best tool for the people who want to have investment and also money to be used online without having a problems for the taxes because bitcoin is tax free so we don't need to spend or get reduce from our money there.
Exactly, Bitcoin has lots of real benefits and speculation of bitcoin price is only used by traders or investor. A normal person uses bitcoin to transfer money from one country to another free of cost. Previously one has to use paypal, western union and other expensive services which cost them lots of taxes , fee etc but bitcoin has made it virtually zero fee transaction all over the world.
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
bitcoin is designed to work as a new medium of exchange so it is obvious that the real purpose of bitcoin is to be currency and a payment method which is very much like our primary currency and it is just starting to considered as a digital assets that can be also an investment probably most people are confusing to it .
Now the world is crazy about bitcoin!
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
We talk about its price ,its mining all day.
Besides its speculation ,what is the real use of bitcoin ?
bitcoin is designed to work as a new medium of exchange so it is obvious that the real purpose of bitcoin is to be currency and a payment method which is very much like our primary currency and it is just starting to considered as a digital assets that can be also an investment probably most people are confusing to it .
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