credit card bitcoins - page 2. | Bitcointalksearch.org

doomloop

hero member

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Quote from: Patatas on June 17, 2017, 03:19:02 AM

Quote from: mostkey on June 17, 2017, 02:28:24 AM

If I may ask, what is the advantage of using credit card bitcoins?Can it benefit us? Or just make us incur losses,With unstable bitcoin prices, seems to be making us a incur losses ,!

There is no advantage as such.It is more reliable to just your card instead of logging into your wallet every time you have to make a payment "onsite".
For your regular transactions online ,card won't help much but incase you live in a city where bitcoins are accepted in stores and all you can always carry a card with you.
About the prices ,nothing much to say since the prices remains te same regardless.Also some cards do come with service fees which can potentially increase your purchase.

i think Credit card would be very difficult to keep your bitcoin safe and sound all the time as your hardware wallet can be, as for you online transaction card wont help much because there must be very difficult to get through its whole process, bitcoin is now accepted in some of the markets and it is now providing a huge profit to everyone, about the price it is already increasing day by day, it would reach the highest rates very soon so I would like to suggest online wallets instead of credit card.

LTU_btc

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First of all, there are no bitcoin credit cards, only bitcoin debit cards. What is main benefit of these cards? Well, it allows to pay with bitcoins for purchases wherever cards is accepted. So, it helps to use ypur bitcoin in real life.

pinkpanther03

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Quote from: mostkey on June 17, 2017, 02:28:24 AM

If I may ask, what is the advantage of using credit card bitcoins?Can it benefit us? Or just make us incur losses,With unstable bitcoin prices, seems to be making us a incur losses ,!

Well, for me I am happy using bitcoin so far. So I don't think that bitcoin credit card is not a good things for me because as we all know all credit card company are regulated industry While Bitcoin is decentralized, therefore my answer is I am not in favor of Bitcoin credit card because we are the bank of our own bitcoin.

Patatas

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Quote from: mostkey on June 17, 2017, 02:28:24 AM

If I may ask, what is the advantage of using credit card bitcoins?Can it benefit us? Or just make us incur losses,With unstable bitcoin prices, seems to be making us a incur losses ,!

There is no advantage as such.It is more reliable to just your card instead of logging into your wallet every time you have to make a payment "onsite".
For your regular transactions online ,card won't help much but incase you live in a city where bitcoins are accepted in stores and all you can always carry a card with you.
About the prices ,nothing much to say since the prices remains te same regardless.Also some cards do come with service fees which can potentially increase your purchase.

Nagadota

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Quote from: mostkey

With unstable bitcoin prices, seems to be making us a incur losses

Well that's just dumb. Bitcoin and altcoins are in an extremely dramatic bull market, so with regular use it would be better for you, at least for now.

Still, using a Bitcoin "credit card" means that you're actually converting to fiat to spend instead of spending bitcoin - this means that you're not encouraging merchant adoption by spending at places that actually accept it.

You're also forfeiting the main benefit of Bitcoin, which is that you have responsibility over your money. A credit card like this is basically an online wallet, and you're not controlling it yourself.

mostkey

sr. member

Activity: 742

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If I may ask, what is the advantage of using credit card bitcoins?Can it benefit us? Or just make us incur losses,With unstable bitcoin prices, seems to be making us a incur losses ,!

Topic: credit card bitcoins - page 2. (Read 978 times)