Is bitcoin better or paypal? - page 54.

densuj

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Quote from: klf on October 26, 2016, 11:14:59 PM

Quote from: densuj on October 26, 2016, 10:36:05 AM

Quote from: Hilat on October 26, 2016, 10:15:54 AM

You can better use paypal by online payments you know because the bitcoin is not very trustable when you try to do something on the internet you know and paypal is
many times secured than the paypal ever will be

If bitcoin be used for online payment, we must looking for trustable sellers because bitcoins is irreversible payment, it is mean we can not take back the bitcoins if there is problem with goods that be bought. So doesn't mean bitcoins is not very trustable but the sellers who are not trustable.

That's why we need a system to take of those things because it is tough to guess who is trusted and who is not. Also, there is not guaranty that now trusted guys will not cheat later on so the system should take care of those things. As of now, PayPal is a good option to buy from unknown persons online and use bitcoins to deal with only know people.

Yes you are right we need system to take of those thing, but doesn't mean bitcoins is not trustable, personality i more like skrill and neteller than paypal. They have fast respond on costumers services although skrill and neteller are not too popular on my area.

klf

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Quote from: densuj on October 26, 2016, 10:36:05 AM

Quote from: Hilat on October 26, 2016, 10:15:54 AM

You can better use paypal by online payments you know because the bitcoin is not very trustable when you try to do something on the internet you know and paypal is
many times secured than the paypal ever will be

If bitcoin be used for online payment, we must looking for trustable sellers because bitcoins is irreversible payment, it is mean we can not take back the bitcoins if there is problem with goods that be bought. So doesn't mean bitcoins is not very trustable but the sellers who are not trustable.

That's why we need a system to take of those things because it is tough to guess who is trusted and who is not. Also, there is not guaranty that now trusted guys will not cheat later on so the system should take care of those things. As of now, PayPal is a good option to buy from unknown persons online and use bitcoins to deal with only know people.

rizkyhiw

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Quote from: Hatuferu on October 26, 2016, 09:28:23 PM

Quote from: rizkyhiw on October 26, 2016, 08:51:24 PM

Quote from: michkima on October 26, 2016, 10:18:15 AM

I like them both but I must say that bitcoin is for me good, I'm also a seller of all kind of services(mostly freelance stuff) and if people want to pay with paypal they sometimes can do it to my account or I get limited because they do not trust it.
With the bitcoin I do not have this anymore so for my its much better.

yeah recently that chargeback on paypal make people switch to using bitcoin
but the problem is when people have no idea when to spend their bitcoin
this is always be the biggest problem on bitcoin
also nowadays there is a lot of unconfirmed transaction pile up , another problem.

That's the downhill of using bitcoin as when the system is loaded there are a lot of unconfirmed transactions and it is not good for business that sell like products and services as you need to ensure at least one confirmation will effect. I hope this problem will be sort out soon as it will affect our future success even with this simple problem.

yeah i experienced the problem caused by this unconfirmed transaction
it's affected to a business like big company steam
yesterday i fill in steam wallet balance using bitcoin and it's take longer time than usual
i am affraid if then steam pulled out bitcoin from their payment processor , it can bitcoin looks bad and paypal users laugh loud at us.

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Quote from: rizkyhiw on October 26, 2016, 08:51:24 PM

Quote from: michkima on October 26, 2016, 10:18:15 AM

I like them both but I must say that bitcoin is for me good, I'm also a seller of all kind of services(mostly freelance stuff) and if people want to pay with paypal they sometimes can do it to my account or I get limited because they do not trust it.
With the bitcoin I do not have this anymore so for my its much better.

yeah recently that chargeback on paypal make people switch to using bitcoin
but the problem is when people have no idea when to spend their bitcoin
this is always be the biggest problem on bitcoin
also nowadays there is a lot of unconfirmed transaction pile up , another problem.

That's the downhill of using bitcoin as when the system is loaded there are a lot of unconfirmed transactions and it is not good for business that sell like products and services as you need to ensure at least one confirmation will effect. I hope this problem will be sort out soon as it will affect our future success even with this simple problem.

rizkyhiw

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Quote from: michkima on October 26, 2016, 10:18:15 AM

I like them both but I must say that bitcoin is for me good, I'm also a seller of all kind of services(mostly freelance stuff) and if people want to pay with paypal they sometimes can do it to my account or I get limited because they do not trust it.
With the bitcoin I do not have this anymore so for my its much better.

yeah recently that chargeback on paypal make people switch to using bitcoin
but the problem is when people have no idea when to spend their bitcoin
this is always be the biggest problem on bitcoin
also nowadays there is a lot of unconfirmed transaction pile up , another problem.

densuj

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Quote from: Hilat on October 26, 2016, 10:15:54 AM

You can better use paypal by online payments you know because the bitcoin is not very trustable when you try to do something on the internet you know and paypal is
many times secured than the paypal ever will be

If bitcoin be used for online payment, we must looking for trustable sellers because bitcoins is irreversible payment, it is mean we can not take back the bitcoins if there is problem with goods that be bought. So doesn't mean bitcoins is not very trustable but the sellers who are not trustable.

michkima

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I like them both but I must say that bitcoin is for me good, I'm also a seller of all kind of services(mostly freelance stuff) and if people want to pay with paypal they sometimes can do it to my account or I get limited because they do not trust it.
With the bitcoin I do not have this anymore so for my its much better.

Hilat

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You can better use paypal by online payments you know because the bitcoin is not very trustable when you try to do something on the internet you know and paypal is
many times secured than the paypal ever will be

HoshiPost

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I want to use both of them because i know that every things has his profits and his bad things off course but i dont think that the bitcoin has bad things only that he cant be traced but is that a kind of bad i dont think you can call that bad.

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Quote from: jerowacik on October 26, 2016, 06:43:14 AM

Quote from: mrkevio on October 26, 2016, 05:34:09 AM

Bitcoin. You can easily scam someone with PayPal because of the refundable transactions. Bitcoin is also anonymous so nobody has to know who was behind the screen when the transaction has been completed. The bad thing is that you're anonymous but if you're scammed or hacked on Bitcoin you never know where to look and what to do about it.

so true . it is one of the weaknesses bitcoin. because there is currently no legal institution that regulate bitcoin. if it had been there then bitcoin could be a very strong financial system and also reliable. we wait for the time it happened.

That's one weakness is really huge as everything in this world is controlled by the government. If we fail to see this coin being regulated and will become more popular, this will make it very risky investment yet a profitable one.

Only those risk takers will play the game and that includes me.

jerowacik

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Quote from: mrkevio on October 26, 2016, 05:34:09 AM

Bitcoin. You can easily scam someone with PayPal because of the refundable transactions. Bitcoin is also anonymous so nobody has to know who was behind the screen when the transaction has been completed. The bad thing is that you're anonymous but if you're scammed or hacked on Bitcoin you never know where to look and what to do about it.

so true . it is one of the weaknesses bitcoin. because there is currently no legal institution that regulate bitcoin. if it had been there then bitcoin could be a very strong financial system and also reliable. we wait for the time it happened.

Vikingr

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Quote from: mrkevio on October 26, 2016, 05:34:09 AM

Bitcoin. You can easily scam someone with PayPal because of the refundable transactions. Bitcoin is also anonymous so nobody has to know who was behind the screen when the transaction has been completed. The bad thing is that you're anonymous but if you're scammed or hacked on Bitcoin you never know where to look and what to do about it.

I also like bitcoin but the feature that paypal money is refundable it is considered as good by some people who are scammed by goods and no one try to restrict anyone goods after getting paid in paypal but some people do not like that feature as they are in worry that they will be scammed and even on this forum people do not like to exchange paypal money to bitcoin.

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Quote from: BitHodler on October 26, 2016, 05:34:57 AM

Quote from: saiha on October 26, 2016, 12:44:44 AM

Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

No argument about this, bitcoin is really the best and upon using paypal I had experience a very lot of problems with them.

And don't forget the transaction fees thing if we are going to compare them both, and bitcoin is going to be the winner on it for it has very cheap fees.

Unlike paypal, their transaction fees are just like gold.

If you look at how the fees of Bitcoin are prioritized right now, then the average fee value will come very close to $0.20 per transaction.

If this is going to continue, then we can't bring up the low fees of Bitcoin as a significant advantage over any other payment service anymore.

it's still far cheaper than the most used service such as paypal that having fees about " 2.9% plus $0.30 USD of the amount you receive" just imagine if you sent $1000 then you will end up paying so much money to paypal for only sending money,while with bitcoin it's just matter how big your transaction size and just multiply with the current fees/bytes

BitHodler

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Quote from: saiha on October 26, 2016, 12:44:44 AM

Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

No argument about this, bitcoin is really the best and upon using paypal I had experience a very lot of problems with them.

And don't forget the transaction fees thing if we are going to compare them both, and bitcoin is going to be the winner on it for it has very cheap fees.

Unlike paypal, their transaction fees are just like gold.

If you look at how the fees of Bitcoin are prioritized right now, then the average fee value will come very close to $0.20 per transaction.

If this is going to continue, then we can't bring up the low fees of Bitcoin as a significant advantage over any other payment service anymore.

mrkevio

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Bitcoin. You can easily scam someone with PayPal because of the refundable transactions. Bitcoin is also anonymous so nobody has to know who was behind the screen when the transaction has been completed. The bad thing is that you're anonymous but if you're scammed or hacked on Bitcoin you never know where to look and what to do about it.

bitcoinmasterlord

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Quote from: saiha on October 26, 2016, 12:44:44 AM

Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

No argument about this, bitcoin is really the best and upon using paypal I had experience a very lot of problems with them.

And don't forget the transaction fees thing if we are going to compare them both, and bitcoin is going to be the winner on it for it has very cheap fees.

Unlike paypal, their transaction fees are just like gold.

I have a question for you. Suppose if you want to buy something from an unknown person online whether you prefer to send payment through Bitcoin or PayPal?

If you want to buy from those unknown persons using bitcoins, then you need to have an escrow and need to pay escrow fee. Also after escrow verified and sent to you and you find some other issues than how you will get it corrected those problems?

With Paypal, these things can be managed easily, but I do agree that they got higher fees but good option for buyers. Both got their won advantages and limitations.

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Quote from: saiha on October 26, 2016, 12:44:44 AM

Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

No argument about this, bitcoin is really the best and upon using paypal I had experience a very lot of problems with them.

And don't forget the transaction fees thing if we are going to compare them both, and bitcoin is going to be the winner on it for it has very cheap fees.

Unlike paypal, their transaction fees are just like gold.

I am only using bitcoin now because there's no problem with transacting online.. No restriction at all unlike paypal that we need to comply with their rules in order to use it successfully, and i do not like that, I want to remain anonymous online to enjoy more on my journey in the crypto world.

saiha

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Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

No argument about this, bitcoin is really the best and upon using paypal I had experience a very lot of problems with them.

And don't forget the transaction fees thing if we are going to compare them both, and bitcoin is going to be the winner on it for it has very cheap fees.

Unlike paypal, their transaction fees are just like gold.

X-ray

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Quote from: iqlimasyadiqa on October 25, 2016, 10:19:29 AM

Quote from: X-ray on October 25, 2016, 07:49:15 AM

Quote from: joshmacabe on October 25, 2016, 06:35:10 AM

bitcoin still the best
you hold balance bitcoin you can potential grow your money
you hold balance paypal is nothing grow

that's actually right but don't get wrong with people who using paypal service,paypal is offering an easy way to purchase goods while bitcoin is a currency,actually can't compare both if it is about investing because paypal and bitcoin are definitely different thing

paypal and bitcoin for me is the same. both can be used as a means of payment. bitcoin has a digital system, and also to have paypal digital system anyway. different, paypal has been formally recognized by various institutions in the world. while bitcoin is heading to these developments.

LOL it's definitely different thing,comparing both characteristic which is the same without thinking about its difference and considering it as the same thing is wrong,paypal a service that offering you simple way to pay thing online and bitcoin is a currency,so if paypal adopt bitcoin as one of their legal currencies then you still assume both as the same thing?

richardsNY

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Quote from: BitHodler on October 25, 2016, 12:11:09 PM

Quote from: Docnaster on October 25, 2016, 07:42:15 AM

Quote from: BitHodler on October 11, 2016, 03:23:38 AM

Quote from: Docnaster on October 10, 2016, 11:42:15 PM

I don't think that bitcoin is better than paypal as you can see paypal are more appropriate with more online payment shop store and it can use world wide buy selling and buying items from online store , Maybe soon if bitcoin are going to be accepted on online stores maybe bitcoin will be the best payment option.

Bitcoin is already the far better payment solution compared to PayPal.

The fact that PayPal enjoys more acceptance throughout the world doesn't change anything in that regard.

If you ask people what the main reason is they use PayPal for, then they will answer you with that PayPal supports charge backs, and that's it.

What seriously ? How cam that bitcoin already far better payment is there any site now or are there any big site's not that accepting bitcoin as payment? I don't think so for me paypal is no.1 Payment method that use people but if bitcoin will be accepted in those bignames in online shop then Yes maybe bitcoin will be too far better than any payment in internet.

Bitcoin as currency can deliver people a far better payment solution compared to PayPal.

That the acceptance of Bitcoin is lacking is either the fact that the far majority of the merchants don't know what Bitcoin is as they haven't heard of it before, or they have a wrong understanding of what Bitcoin is.

It's a matter of time before merchants realize that offering Bitcoin as a payment option is a must.

They are dumb for not accepting it right now as it would allow them to potentially generate extra revenue.

It's very difficult to convince stores to incorporate Bitcoin into their system. That's mainly due to the fact that the media has been very negative about everything concerning Bitcoin. In the media Bitcoin is being named to be the currency of the underworld. Stores don't want to get associated with that as in their mind they think it will cause them damage.

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