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Topic: What are the most common uses of Bitcoin? - page 51. (Read 8484 times)

sr. member
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October 23, 2017, 09:16:31 PM
There are several ways by which bitcoin can be used. Merchants accepting bitcoin ordinarily use the services of bitcoin payment service providers such as BitPay or Coinbase. When a customer pays in bitcoin, the payment service provider accepts the bitcoin on behalf of the merchant, converts it to the local currency, and sends the obtained amount to merchant's bank account, charging a fee for the serviceIn a 2013 report, Bank of America Merrill Lynch stated that "we believe bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money-transfer providers."[there could be invested for future fundings.
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October 23, 2017, 08:43:00 PM
Bitcoin can be used through transactions, but for me it's one way of paying fees online and can also be a source of income.
sr. member
Activity: 490
Merit: 258
October 23, 2017, 08:40:52 PM
I use bitcoins to transfer money from Manila, Philippines to Sao Paolo, Brazil... so far this is the most convenient way for me to send money to my brother which I do not have to convert currency before sending it. On the other end, my brother can store the money in his wallet and not spend it right away.
newbie
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October 23, 2017, 08:30:48 PM
As a store of value, similar to gold or stock. The idea is that you buy bitcoin and it holds or ideally appreciates in value.
full member
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October 23, 2017, 07:45:28 PM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.

I usually use Bitcoin as a source of income for sustaining my daily needs and maintaining the resources that I have.I already used Nitcoin to pay the bills and other payments on time and buy those stuffs that is important and essential for my everyday life because I choose to save and be resourcefilul but I don't rely all of my needs on Bitcoin for the reason that I have a job and Bitcoin serves as my backup money.
member
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October 23, 2017, 07:37:14 PM
For some reason bitcoin gained a lot of attention nowadays. Due to its flexibility, bitcoin can now be used to: buy something online, alternative mode of payment, send money or fund to someone, pay bills, and for investment...
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October 23, 2017, 07:33:01 PM
Im still a begginer they said it's like a currency you can use it for payment. Some people use it for online transaction. You can trade it and invest also. Spend and invest it wisely.
hero member
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October 23, 2017, 07:04:58 PM
Bitcoin is used for transactions in online, you can trade it and even invest. In my case, I also use my bitcoins in my daily life. I save them for my studies in future so I can help my parents in sustaining our daily expenses. I will first convert it to our local curremcy so that I can use it anywhere I want.
Yes exactly, there are many uses of bitcoin. We use it for paying bills, this means can be use in transactions and mostly people can invest in bitcoin. Because people knows bitcoin has its advantage to increase the price and the good thing we can grab this opportunity.
Bitcoin can be used for anything now, if you can`t use bitcoins directly you can always trade them for your currency or any currency you need. Developed countries accepted idea of bitcoin faster then the rest of the world, in some countries people can use bitcoins for daily needs, but in many others that isn`t possible still. I also need to convert bitcoins in my currency, I think that directly using bitcoins is still far away from me.
hero member
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October 23, 2017, 06:43:51 PM
Bitcoin is used for transactions in online, you can trade it and even invest. In my case, I also use my bitcoins in my daily life. I save them for my studies in future so I can help my parents in sustaining our daily expenses. I will first convert it to our local curremcy so that I can use it anywhere I want.
Yes exactly, there are many uses of bitcoin. We use it for paying bills, this means can be use in transactions and mostly people can invest in bitcoin. Because people knows bitcoin has its advantage to increase the price and the good thing we can grab this opportunity.
sr. member
Activity: 1624
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October 23, 2017, 06:43:40 PM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.

Bitcoin is a cryptocurrency, like other real money it have a lot of usage like in other country that are already using bitcoin in their society they can use it to buy anything they want, but some country like ours, bitcoin is not yet so popular therefore we wil convert it first into a real money to buy anything and support our financial needs, so bitcoin is our finacial assistance and others are their source of income.
Common uses of bitcoin well it can be used as a payment for some of your spendings, transaction mostly online transactions or it can be used for investments, and for saving. Through passing time bitcoin continues to improve and be a better version of it. So it learns to upgrade to it's uses. But it also depends on each one's country, the extent of it's use depends.
full member
Activity: 308
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October 23, 2017, 06:25:24 PM
Bitcoin is used for transactions in online, you can trade it and even invest. In my case, I also use my bitcoins in my daily life. I save them for my studies in future so I can help my parents in sustaining our daily expenses. I will first convert it to our local curremcy so that I can use it anywhere I want.
hero member
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October 23, 2017, 05:39:46 PM
Here in my country there's a lot of people who are using bitcoin for paying their bills and different prepaid load cards and this is the most popular usage of bitcoin. And I'm also enjoying it because it's very convenient of using bitcoin for paying my bills and it's saving me a lot of time in travel and also visiting the billing store.

Yes using bitcoins for paying bills and for top ups of your cell phone are the most common places where people are using their bitcoins and if anyone wants to invest their bitcoins then they will prefer to invest on trading sites by buying different altcoins.

I guess that every country that has an exchange does have this feature and service for their users. This is giving me a lot of convenience because when I don't have enough prepaid load and I'm on an emergency, I just load up with the use of my bitcoins and this is the reason why I keep on supporting this type of services. I want to use it for buying groceries and I know one day it will happen.
sr. member
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Merit: 329
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October 23, 2017, 07:52:26 AM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.



For me bitcoin is a way of earning money. It’s like my very own business, but in a convenient way. Also, I think bitcoin is use for gambling and for buying stuff online. So, it is pretty much very useful. That’s why right now, it one of my valuable assets.
sr. member
Activity: 1008
Merit: 297
Grow with community
October 23, 2017, 06:45:02 AM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.


Transfer funds to any part of the world (of course it refers to a location with technology) with less fees, secured, no hassles or waiting time to clear on Blah blah.. ability to have your own wallets, ability to share workers on mining and earn rewards. aside from what you've said above.





full member
Activity: 196
Merit: 100
October 23, 2017, 06:39:27 AM
you already know some of the uses. basically, it's currency for payment. though there's still lack of places that use it. and the other uses is become trading coin, use speculations to earn some profit from it  Smiley the other one is long term investation. that's all i know. #CMIIW
newbie
Activity: 56
Merit: 0
October 23, 2017, 06:38:54 AM
The most common uses of bitcoin is for buying and selling of everyday things.one of the pros of bitcoin is the members are identified by public keys rather than real world identities.So for many people,this affords a desired level of privacy that traditional digital payment systems do not.Bitcoin compared to other electronic payment systems it has a low transactional cost.
full member
Activity: 322
Merit: 116
October 23, 2017, 06:34:24 AM
With bitcoin, you can sell products and accept bitcoin as payment. You can also receive bitcoin as payment for an online freelance service that you work for somebody. Some also pay bills and utilities using bitcoin. You can use it use it to purchase medicines from an online pharmacy. You can do almost anything with bitcoin that a regular money can do. You can also use it as an investment in the cryptocurrency world.
full member
Activity: 518
Merit: 101
October 23, 2017, 06:27:10 AM
As we all know, bitcoin is a digital currency used to pay products and other services. It is in relation with a paper money with some key difference and usage and that's maybe on the bright side of btc.
On the other hand, bitcoin can also be used  to pay products like drugs, illegal firearms, for illicit acts without being caught by authorities since you are transacting it online with no information of yourself is involved.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
October 23, 2017, 05:23:37 AM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.

If we want understand the better use of the bitcoin then we should go back in the past where we were totally helpless to pay high fee and face problems to make a transaction from one country to another .
Here we can see that we can easily make transaction from one country to another without any tax also , so here bitcoin provides us a better opportunities to make spread our business in the world , Because with bitcoin people will be Able to make and give payment in the worldwide level without facing any problem .
Another ways that I like much is the flcutuations in the price that gives us the chances to make big earnings .
So here chances and opportunities are more for us in the cryptocurrency field , but we need to do work by heart .
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Activity: 86
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Healthpromag.com
October 23, 2017, 05:19:06 AM
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.

I want to know other important uses of it.


 Grin Grin
Most importantly is that you have money and you also have an investment, serving two or more purposes at the same time, If I hold 1 Bitcoin I can be assured that the price is only going to increase and get better and 1 Could buy many things with it in the nearest future, but if I hold just a dollar, I can be rest assured that 1 can only get stuff of one dollar even in 2 years to come.  Wink Wink Wink
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