What are the most common uses of Bitcoin? - page 57.

Dreamchaser21

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Quote from: Pleione527 on October 18, 2017, 08:10:51 PM

The most common used of bitcoin I think is for investment purposes and trading I believe majority of bitcoin owners here use bitcoin to buy alts and then trade them. Some may also use bitcoin to purchased goods and services. Maybe when more establishment will start accepting bitcoin more people will have the chance to spend them in getting products.

That's true investment and trading is a common purpose of bitcoin but here in my place we can use it to transact online and use as a mode of payment on our utilities payable. Bitcoin has a lot of purpose you just need to find out what are those. I believe in the future bitcoin will surely in the future bitcoin will offer more services.

Pleione527

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The most common used of bitcoin I think is for investment purposes and trading I believe majority of bitcoin owners here use bitcoin to buy alts and then trade them. Some may also use bitcoin to purchased goods and services. Maybe when more establishment will start accepting bitcoin more people will have the chance to spend them in getting products.

mariah.sadio

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Most common uses of Bitcoin? I think it helps us a lot in terms of earning extra money. We are also able to have basic knowledge when it comes to trading because Bitcoin can be trade to other cryptocurrencies and physical currency by investing it to cryptocurrency trading platforms. We can also send money to our family anywhere in the world with faster and low charged fee transaction. Bitcoin can also be used as money in paying our bills which makes it more convenient because we do not have to wait long queues just to pay our bills, it costs a lot of effort and time. It helps us build connections to other people who use and transacts with bitcoins. Bitcoin is transacted through mobile devices with internet connections.

Arkann

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Bitcoin is primarily used as a means of storing value. That is, with his usual storage in his wallet, he brings a good profit due to the constant growth of his rate. It is also used as a means of payment and a means of exchange for other types of money. As a means of payment, it is usually used to purchase expensive items and services due to the high cost of conducting transactions and a long period of time for this.

Nisharawal

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I am no stable coin. to the mooonn.. and back

Bitcoin being a digital currency work similar to other fiat currency. And yes you have stated it right uses of bitcoin in your question. I have personally used bitcoin for travelling purposes through Expedia.com like booking a room in hotel and also for booking my flight tickets. The other best usage of bitcoin is SHOPPING from online shopify stores using bitpay. Satellite and internet service provider DISH has partnered with Coinbase for processing the bitcoin payment. Other than this you can also use bitcoins for buying Domain name or web hosting services from Namecheap.com and blogs under wordpress.com. You can use it for social media advertising too under REDDIT.com.

among

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From my point of view betcoin will a currency that any can use everywhere in the world but i'm nit sure if it will still decentrelized or regulated by goverments

crazycatwoman03

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Quote from: stompix on October 18, 2017, 01:05:49 PM

I think that right now bitcoin is used about:

80% for trading on exchanges
5% online transactions as in sending money (including payments for services)
2% for shopping in physical stores, paying for tickets etc

and for the last 10% , ...scams.

Right, bitcoin is mostly used for trading since most of tokens have to go through it before being in their local currencies. Although I think that the percentage for online transactions is higher than what you have put since bitcoin is greatly use for that now because it is faster and more convenient.

Bitcoin has many uses in which people find using it more easier to perform. It is also used for earning and I think that earning bitcoin is better than earning our local currency because of its volatility.

stompix

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I think that right now bitcoin is used about:

80% for trading on exchanges
5% online transactions as in sending money (including payments for services)
2% for shopping in physical stores, paying for tickets etc

and for the last 10% , ...scams.

bitvalak

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I prefer to save bitcoin for investment and also for online transactions. Because now many online stores are receiving payments using bitcoins.

Getmon

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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.

You have pretty listed all the major transactions which you can use your bitcoin with. Aside from these, bitcoin can also be used to pay your electric and water bills and credit card bills. You can also do online shopping with your bitcoins. And as used by a few people, buying illegal stuff such as dope is also using bitcoin.

Bakemat

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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.

the most common uses of bitcoin for me is to buy things in the internet that far away in your country. in example you're from the Philippines and you want to buy things in U.S.A do we don't need to exchange our money in to usd just used bitcoin. bitcoin is sometimes used for the and the long term investment. its important.

Cranidos

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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.

Yes bitcoin is not just an asset or investment, but also a currency in the form of digital or bits in the internet(that is why it is called cryptocurrency). Being a currency, it should be also useful for buying things, making some transactions, but there should be always internet or connections on the Point of sale where it is accepted as payments. Business establishements that accepts bitcoin directly as payments has these things. But also bitcoin can be used inderectly payments by first converting it to fiat. That very common as of now, because only few accepts bitcoin directly.

DewiKirana

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Another important use is that you can sell bitcoin and profit from it. And we can save the bitcoin, but it is risky because the bitcoin price is less stable.

Portia12

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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.

you can use it as payment for utility bills
you can use it to buy cellphone load
you can use it as wallet or bank account

rowingcola

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This is a funny question, because you can just convert Bitcoin into fiat and you can use it for almost anything you want. If you are asking for specific services or products that only accept Bitcoin now, I think there is not a lot of them out there yet.

Ayaancool

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As you know that bitcoin have a use of buying almost everything from online market.And also we can use this as an investment.And another one that you don't know is you can use this for your personal cash dealings with any other person through transferring bitcoin to others if the second party is also interested in it.You can make use of bitcoin for purchasing properties also.

Ekanenf

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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.

All of what you have said can be bought by fiat, but the fiat that you are going to have is from bitcoin after you converted some to buy the things that you want or need. Honestly we can't still use bitcoin on buying flight ticket, rent a hotel room(it depends if there is hotel that is accepting bitcoin as a payment), buy foods, and so on, all we can do is convert it, and let fiat do the thing. Bitcoin is just helping us to earn more money more than the amount of money that we could earn on a job.

Sniper150

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I think the most common uses of bitcoin is that it is used in online shopping, many online shops out there are accepting bitcoin that's why they use bitcoin as their payment instead of money cash or paper money. Bitcoin was very useful in that aspects. For financial problem also bitcoin exists. Other people save their bitcoins for the future purposes.

KingKrypto

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I think right now, the biggest and most use of bitcoin is through investment, long term investment.

Herbert2020

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the most usage of bitcoin is still as an investment and it will remain that for a longer time because the price is so volatile and rising like crazy. this will not change until mass adoption so the usage is not going to change either. it will continue to be used mostly as an investment.
then it is to purchase stuff from internet, so mostly online shops will benefit from it. there already are many of them accepting bitcoin and they have increased their revenue a lot by doing it, surprisingly. and there is BitPay that each year releases a blog post and each year the usage is increasing even more.

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