What are the most common uses of Bitcoin? - page 52.

Nakakapagpabagabag

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Quote from: Joyawan13 on October 23, 2017, 05:07:20 AM

on general use for bitcoin I do not know, but maybe if in other countries of course there are already using it, if for example there is nothing in mind or can be an investment for general use, hopefully can be simplified or can Help about existing common use in neighboring countries, may even increase in time when bitcoin can become more and more for other common uses, but is that possible in Indonesia?

It is possible in any part of the world, just needs time for other country for bitcoin to be adopted. Here in my country bitcoin can be used just like your credit card. Anything that can be paid through online. Paying our utility bills such as electricity and water, our telephone bills and even cable. We can also topup our phones using bitcoin and can even pay our health and other government services. For me, the common use of bitcoin is to spend some of them for the everyday needs of my family such as groceries and other essentials.

Joyawan13

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on general use for bitcoin I do not know, but maybe if in other countries of course there are already using it, if for example there is nothing in mind or can be an investment for general use, hopefully can be simplified or can Help about existing common use in neighboring countries, may even increase in time when bitcoin can become more and more for other common uses, but is that possible in Indonesia?

Virgiawansss555

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I am also a beginner

By using Bitcoin then this is the easiest way to exchange money for minimal cost.
here are some advantages and benefits of Bitcoin. and many more benefits from bitcoin, for example I am a student who can earn extra money to pay tuition Cool

, buy school equipment Roll Eyes

, and much more benefit from bitcoin Grin

.

Al Amin

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Basically bitcoin is created for digital currency, but for now many people use bitcoin for investment because it looks with bitcoin value which is getting higher day. Therefore many people choose to use it in investment.

procryptoguy

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Quote from: stomachgrowls on October 22, 2017, 05:33:49 PM

Quote from: Mpamaegbu on October 21, 2017, 10:52:54 PM

Quote from: Md.Esamul Haque on October 17, 2017, 02:45:55 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.

Basically, you numbers one to three are the same purpose: For Transaction, while number four is investment. Just like one does with fiat too or any other article of value. These two categories are the major uses of the bitcoin.

If you do categorize them then it will just show up 2 things which same as you said it can be used on service and on investment side too.For now some services isnt really available on most countries but yet we can able to see that it is already being adopted on some parts of the world which is good but for those places who arent able to spend or use on services would most likely to use up their bitcoin holdings on investment matters.

Yes you are right as of now most of the country donot support bitcoin and you can say most of them have a legal issue with it ,moreover there are many missuse of bitcoin.But as for now as its price is very fluctuation we can use it for investment mostly.

Xetonica

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Quote from: Jovl on October 22, 2017, 05:13:54 PM

Quote from: Md.Esamul Haque on October 17, 2017, 02:45:55 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 digital crytocurrency which is commonly use in buying online,purchasing, trading,games,and investing.it can also be use as savings if you wish to stock it and may use in some future time.

Its is digital currency in which you can use it for purchasing goods and you can cashout also to convert money.
Bitcoin have many ways how to use it so thats why until now the value of bitcoin always increase.

Blissworker

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Quote from: NavI_027 on October 22, 2017, 05:41:09 PM

Quote from: Md.Esamul Haque on October 17, 2017, 02:45:55 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.

Aside from that, bitcoins are also used in online shopping and online services. But on the bad side, it was also serve as a form of payment used in transactions in deep web. This was also used in buying drugs, used to buy illegal firearms, used to buy slaves and sex dolls, used to hire a hitman, and used for torturing a person. (I hope police authorities take a strong action regarding this)

But here in my country, bitcoins are not yet popular as much as popular there abroad. Yes! There are few who knew and used it but bitcoins are not yet used as a form of payment here therefore you must first convert it to fiat in order to use.

Pizza is probably the most important thing you can buy with bitcoin because what else would you like? I mean pizza is love pizza is life. But bitcoin nowadays is only used to gain money not buying stuff because they want to. But to sell it again and gain more money.

asebaby

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The most common uses of bitcoin are the Spending of Money Privately,Low Cost Money Transfer, Purchasing of Goods from any part of the world with stress and Investment for profit.

chayskie04

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For me i believe that these are the most common used of bitcoin is for earning a money, i use it to earn because bitcoin can very help me to support my financials, studies and to buy things i wanted to buy.

golekcepot

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There`s so much we can do with bitcoin, but basically I use bitcoin only for speculation, trading, online gambling, and online purchase (all online transactions).

Hutalar

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Quote from: lazygin001 on October 22, 2017, 05:29:30 PM

Internet services like web hosting, advertising and other online related stuff. There are e-shops to buy technology products that accept bitcoin. In other economical sectors bitcoin is not so adopted. So, the most common uses of bitcoin are: Online and technology related goods and services.

yes at here we are seeing these type of uses of bitcoin but in actual if you search around you for the users of bitcoin then you will find many people around you using bitcoin so with them you can create an ecosystem for bitcoin and when you need any thing you can buy from them with bitcoin. If there are not much people around you using bitcoin then promote it in your area and you will see very sooner everyone around you will use it.

pungopete468

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Quote from: tabas on October 22, 2017, 05:43:02 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.

BitHodler

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Quote from: kutongcoin on October 22, 2017, 05:07:39 PM

The low transactions cost are a great incentives to businesses to accept Bitcoin payment.

If we look at the fees that traditional fiat payment services charge, and compare that with Bitcoin related payment services, it's indeed a major difference, but the problem is the lower overall Bitcoin adoption.

The higher fees of the traditional payment services are somewhat of collateral damage for merchants, knowing that they generate huge sales volumes through these services, which by far wouldn't be the case with Bitcoin.

It's basically the same with PayPal. Merchants know the fees and drawbacks of that platform, but still use it because of its overall adoption and the sales volume it allows them to generate, and that's what's important.

As long as people continue to use Bitcoin as an investment option, and thus have basically zero intention to actually spend their coins, merchants on their turn will have less incentive to start accepting Bitcoin.

tabas

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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.

ScaryMe

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Commob use of bitcoin so far is for good investment why? It is due to continual rising of its value so people gets hard time to sell it or play with bitcoin on buying online i stead it gives peolle chance to invest theie money into bitcoin and earn money by getting the profit espaecialltbow the value gets so and very very high with new recors of it.

NavI_027

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Quote from: Md.Esamul Haque on October 17, 2017, 02:45:55 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.

Aside from that, bitcoins are also used in online shopping and online services. But on the bad side, it was also serve as a form of payment used in transactions in deep web. This was also used in buying drugs, used to buy illegal firearms, used to buy slaves and sex dolls, used to hire a hitman, and used for torturing a person. (I hope police authorities take a strong action regarding this)

But here in my country, bitcoins are not yet popular as much as popular there abroad. Yes! There are few who knew and used it but bitcoins are not yet used as a form of payment here therefore you must first convert it to fiat in order to use.

Markzuckertion

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Since the price is keep rising, bitcoin also used for long term investment, so you will have good future with biitcoin.

dExplorer

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If you keep your bitcoins for a long time, then wake up as a rich man because its value continues increasing and soon it will be widely used then your free to use it every where

megynacuna

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With the help of shopawl you can virtually use it for anything to buy anything that you want from aliexpress and other global retailers. They will act as middle men and accept your bitcoins while they pay cash for your items and you'll pay for their services too.

stomachgrowls

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Quote from: Mpamaegbu on October 21, 2017, 10:52:54 PM

Quote from: Md.Esamul Haque on October 17, 2017, 02:45:55 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.

Basically, you numbers one to three are the same purpose: For Transaction, while number four is investment. Just like one does with fiat too or any other article of value. These two categories are the major uses of the bitcoin.

If you do categorize them then it will just show up 2 things which same as you said it can be used on service and on investment side too.For now some services isnt really available on most countries but yet we can able to see that it is already being adopted on some parts of the world which is good but for those places who arent able to spend or use on services would most likely to use up their bitcoin holdings on investment matters.

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