The applications of Bitcoin | Bitcointalksearch.org

avatar_kiyoshi

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I used bitcoin for investment and an alternative payment.

Quote from: btcltccoins on February 22, 2016, 04:02:53 AM

Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus in Hong Kong, 2016 may very well be the year of Bitcoin.

What do you use the currency for?

Just a little point here.."you buy when the price is high and sell when the price is low", I think it should be the other way round.

Buy when price is less and Sell on a higher price.
The Usage of bit coins in mostly online. Most of the sites are accepting it.

This is correct.

jonathgb25

full member

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★YoBit.Net★ 350+ Coins Exchange & Dice

I use it when I buy load and I can get a 5% rebate from the site which I bought the load and 5% also from the network of my sim. I have a 10% discount everytime I buy a load. Cheesy

I can also earn up to 20% of my utility bills as rebate when I pay them using their site.

btcltccoins

full member

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Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus in Hong Kong, 2016 may very well be the year of Bitcoin.

What do you use the currency for?

Just a little point here.."you buy when the price is high and sell when the price is low", I think it should be the other way round.

Buy when price is less and Sell on a higher price.
The Usage of bit coins in mostly online. Most of the sites are accepting it.

dollarneed

hero member

Activity: 742

Merit: 500

Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

What do you use the currency for?

i personally using bitcoin as payment processor for online transaction, i think bitcoin is the simplest for paying things online and also the simplest payment processor ever since you don't even upload your identity for create a wallet, sometimes i do trading to, exchanging bitcoin to the fiat or vice versa on bitcoin exchanger, as for me bitcoin is multifunction for transaction and investment.

Lutzow

hero member

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I use my signature campaign earnings to buy services/stuff in the marketplace. And I use my other btc earnings to pay my bills

AMR008

full member

Activity: 260

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I use bitcoin like any other currencies and als to buy some things online

im holding on fo if as ifs price may increase in the future:)

Kollor

sr. member

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Though I am collecting bitcoins, I only use it to top up my mobile or to pay a bill when I have enough in my exchange wallet, other than that, I haven't tried using it on online shops.. But I am always waiting for the time, when there are other uses for the bitcoin, such as for groceries in local stores, or tip a barber with bitcoin...

Herbert2020

legendary

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i am always looking for ways to use my bitcoins as a currency in order to buy all sorts of goods, especially whenever i am shopping online i will look at the methods of payment they accept and if they are accepting bitcoin that would be my first choice.

trinaldao

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Post your ann & bounty just contact me

Im useing bitcoin like other currency, use it for buying something like T-shirt, jeans, top up mobile number etc.
also i use bitcoin as a investment place, so i can take some profit when he price rising

btcltccoins

full member

Activity: 154

Merit: 100

Currency is used to trade. i am currently saving bitcoins and sell them for profit.
You can spent it online anywhere.

Kprawn

legendary

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I use it for several purposes / applications at the moment, because it is so versatile. Grin

.... The first thing is for a currency to buy and trade for goods

and also as a commodity as a investment vehicle. I think the best application at the moment for Bitcoin is for remittance to transfer value over borders.

The fees being charged by money transmitters are crazy and it creates a much cheaper solution for people to move value.

pooya87

legendary

Activity: 3472

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bitcoin is still like share for me. at least for the most part of it.
there is not enough application for it that i want to use. but from things you mentioned in the OP i am also using bitcoin for sending/receiving money across the world with the fastest speed possible while paying the lowest fees. also it is a good way of storing money but i don't agree with it being better than bank, and storing money at a bank does not cost anything that you mentioned "Cheaper!" a bank also pays annual profit for my deposits.

Vhawk23

full member

Activity: 153

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I'm using bitcoin as my secondary currency, i use them to buy some goods that i wanted, and at the same time i use them to get me rich Grin

OnTheMF

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★YoBit.Net★ 350+ Coins Exchange & Dice

I am using the bitcoins same like any other currencies, and I find it safe to make my money secure in my blockchain digital wallet. And its a good medium of exchanging the money across the world.

Jet Cash

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https://JetCash.com

I think the real value of Bitcoin will become apparent when people start to use it for escrow, time locked payments, multi-signatures and similar applications.

pows

newbie

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Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

What do you use the currency for?

For me bitcoin can buying something with a good price, for paying some bills, buying some goods, savings to my future and lot of bitcoin can do and so far help me. Wink

rio3233

sr. member

Activity: 434

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Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus in Hong Kong, 2016 may very well be the year of Bitcoin.

What do you use the currency for?

I use this bitcoin for trading and gambling. I'm a gambling addict though, so i found bitcoin is really makes me easy to gambling because bitcoin sportsbook no need verification.

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: Alaki on February 20, 2016, 10:17:42 PM

Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

What do you use the currency for?

Basically, They're a source of extra income for me. I use 'em for buying micro/digital goods (mostly).

I use Bitcoin mostly for buying micro/digital goods and I want to buy physical goods with it directly but there are not many shops that accept it yet. During the next few years there should be more shops with the Bitcoin accepted here sign in the window and I will choose to pay in Bitcoins when I can. In 2016 Bitcoin will start going mainstream.

Blind Legs Parker

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Activity: 2016

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Quote from: tommorisonwebdesign on February 20, 2016, 09:44:40 PM

As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus in Hong Kong, 2016 may very well be the year of Bitcoin.

What do you use the currency for?

I use it as a store of value, mostly.

But remember how people from third wold countries can be paid a developed country's salary provided that they have a computer with internet and work for bitcoins? Bitcoin is going to even inequalities in the world. The process might be slow because the west probably will refuse to let go at first, but these inequalities will be shed light on and as a matter of fact will slowly disappear.
We live in a world that is continually getting more globalized. Bitcoin is bringing even more globalization on top of it. It will act as a catalyser. So yeah, countries will one day have the same cost of living, and bitcoin is making us tend to it even more. Now don't take me wrong: I'm only talking about inequalities between countries, not inequalities between people. There will still be rich people and poor people. And it will take time. Inequalities between people will remain, and there's nothing bitcoin alone can do about it because inequalities between countries were man-made, whereas inequalities between people are natural (smart/stupid, cautious/adventurous, etc). Policies are the only way to deal with natural inequalities.

enhu

legendary

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I use bitcoin to buy online services mostly buying some Microsoft codes

and online stuff like gmail accounts and facebook accounts for my social media jobs. I help me save time creating these accounts and verifying as it takes time registering 10 accounts.

Topic: The applications of Bitcoin (Read 949 times)