Topic: What are the most common uses of Bitcoin? - page 17. (Read 8484 times)

investment, since bitcoin is almost as useful as gold, price increases and price reductions, buying and selling, and soaring bitcoin prices that many people are interested in investing there

Personally, I only exchanged Bitcoin for money in exchange offices. But I know people who, even before this boom, bought for Bitcoin, weed.

some rich use this as a Gambling This particular use for bitcoin is facilitated by the fact that cryptocurrency is a decentralized form of payment, meaning that it doesn’t belong to any government and is not subject to any government’s regulations. This allows users from all over the world to gamble online using bitcoin, regardless of what the laws regarding gambling may be in their particular location.

Bitcoin is used for quite a lot of things. Bitcoin can be used for payment of goods and services as many merchants now are accepting bitcoin at the moment. Bitcoin can be used as a store of value now as crypto investors prefer to keep their major holdings in bitcoin.

Bitcoin can be used for a lot of things. I just gave a few uses above  

You can use it for more profit ....  buy low sell high 😜

My friend used bitcoin to pay the hotel for a city break in Europe. I think things are developing fast and this is a good thing

The most common uses of Bitcoin in order of my current perceived market size:

 

1.       Purchase of digital goods and services. Microsoft and Steam used it for the purchase of games. Others included are digital gift cards, aged account transfers (Reddit, Bitcointalk, etc), VPN accounts. The reason why Bitcoin is used over other crypto currencies is because it is more accepted, a more robust store of value, and can be much more stable with short futures hedging (CBOE, CME)

2.      Purchase of physical goods and services - primarily miners, grey market goods/services and illegal goods/services (N.B. Deep web marketplaces are shifting to zero-knowledge proof privacy coins such as XMR instead so I see Bitcoin to end up being more "legitimate" for regulators). Some retailers use it such as Overstock. I also see a huge use case for medical tourism because it clears international transactions much faster than bank wire.

3.      Speculation and buying other speculative crypto currencies. Speculation doesn't necessarily mean bad. Here are some of the main clear uses: utility tokens, asset backed tokens, store of value tokens. An example of utility tokens that are proven is Storj - decentralized data storage tokens. Asset backed tokens will most likely be used to create more liquidity in certain markets such as oil, real estate, warehouse financing and bonds. One example is Venezeulan cryptocurrency Petro to bypass SWIFT and US sanctions. Store of value tokens that have certain advantages are bought as well. I won't detail it because the only major difference is privacy coins.

4.      Remittances. These cost 10% to send internationally. Bitcoin can save on 2-3 magnitudes if implemented efficiently.

 

 

And yet, what to do with bitcoins? There are many options for both money-lovers and investors, and suitable for less risky users who do not know what bitcoins are and why they are needed:

Storage is the best answer to the question of why we need bitcoins. If you analyze the price behavior of the currency to the dollar, then the unconditional maximum is at the time of writing the article: virtual money bitcoin, whose rate exceeds $ 11,000 for 1 BTC (March 2018), break records of value. Yes, and all the trends suggest that demand for crypto currency bitcoin will grow very quickly and after 2 years they will displace international payments from the market. Where it is better to store bitcoins - the question is ambiguous and it will be considered in one of the sections below.

I think the most common and important uses of bitcoin.there are lots of people getting into bitcoin for investment because it gives enjoyable profit.bitcoin is such a great thing such that it was use as a form payment for different services and goods.I just knew that it's a digital currency that can make real money.

The most common uses of Bitcoin is purchasing various stuff online. You have already mentioned some of the most common stuff being sold or made accessible online. Aside from plane tickets and hotel room, you can also use your Bitcoin to buy pretty much everything you really need, from shoes to t-shirts, hoodies, pants, rash guards, caps, collectible items, books, and so on. You name it, you can find it. However, there are still a limited number of online shops accepting Bitcoin. But there are individuals selling the same that accept Bitcoin payments.  

For me i commonly use bitcoin as my daily income by working in it and it help me to earn a huge profit and its common use in investment and because it has a huge value most people commonly invest in bitcoin and many people will like to use on it.its common use in trading also.

bitcoin used to make better source of income, additional savings, plan to build new house and asset in future.

It would be nice if many shops around the world started accepting crypto currency, including bitcoin, as payment. I think this is our immediate future. But even if this does not happen, people will also be hoarding bitcoin as a valuable asset.

I think the most common uses of bitcoin is payments, because we can use bitcoin for paying bills and to pay upon online transactions. The marginal is for investment, this is the most common uses,because most of people use bitcoin for investment , because it gives enjoyable profit. That's why in version  to people vivacious in bitcoin. we can use bitcoin with for our savings in the higher, because it's very safe and most safe.

The most important use of bitcoin at this stage is to invest, and I think that's what most people do. Buying a pizza like a lot of bitcoins is just a propaganda. I think that in the future, bitcoin will not be used in a large amount of life, and it may become a reserve of encrypted currency. In addition, one of the most important functions of bitcoin should be to check the value of the entire encrypted community.

Bitcoin is such a great thing because of its functions or uses such that it was use as a form payment for different services and goods ; it is also someone's way of earning money because through this , they can produce money by just posting or mining and the good thing with this bitcoin why most people use it is that it saves their time , money and effort .

Aside from it's a digital currency, it can also be used in buying things electronically. Transactions can be instantaneous, fast, cheap, private and secured. Through bitcoin, you can do trading, and investment.

Bitcoin is not just about converting into paper money, and another ways to earn money but it also making a big impact to our society, bitcoin is a big influence for me it changes many people mindset when it comes on digital currency, and it is so useful when it comes on online transaction that don't hassle many of us anymore for me the common uses of it is just by doing transaction and transaction worldwide through online

From time to time it's increasingly visible that the superiority of bitcoin.. can be a virtual currency that's can be able to compete with the common currency is increasingly popular used by many people to do various efforts, but the most common and most known.. it remains for investing and trading. Well essentially this becomes another financial side that can provide other profits as an online job.
But the first time I knew that.. I don't know that it's the one of the investment medias, I just knew that it's a digital currency that can make real money.

Bitcoin is commonly used as a measure of value and a medium in trading, it has however been accepted by other businesses outside cryptocurrency, and now you can buy goods and services yusing BTC as long as its being accepted by the business operators