What are you using bitcoins for? - page 15.

Reez

full member

Activity: 381

Merit: 101

Quote from: 1l1l11ll1l on April 30, 2012, 11:55:46 PM

The miners mine and hold, other mine and sell.

Investors and speculators buy, hold and sell.

You can buy random items in auctions and through the forums.

What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)

What have you used bitcoins for?

Miner
Investor
Black Market
Other - explain

Right now, you buy Bitcoin to hold because it is in the store of value stage still. It hasn't scaled to be able to support a global amount of transactions so we must wait until price skyrockets which will be in 5-10 yrs imo.

Gallegher13

newbie

Activity: 13

Merit: 0

I used it as an asset and always hoping that it may have a high value in the future and I think it will have and I also used it in trading so that it will also generate as time passes by.

cepedacharles29

full member

Activity: 168

Merit: 101

I use bitcoin to help poor people and I have set up a feeding program, because our country has poor people and malnourished children and I'm happy because I'm helping my country and as bitcoin I have more people.

primeminer

sr. member

Activity: 424

Merit: 250

Quote from: 1l1l11ll1l on April 30, 2012, 11:55:46 PM

The miners mine and hold, other mine and sell.

Investors and speculators buy, hold and sell.

You can buy random items in auctions and through the forums.

What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)

What have you used bitcoins for?

Miner
Investor
Black Market
Other - explain

I usually use Bitcoin to buy mining machines, long-term investments, and trades because that way I can make a profit. I never use Bitcoin to trade on the black market.

bncbnc

hero member

Activity: 840

Merit: 500

Quote from: dbrandz on September 20, 2017, 05:28:57 PM

I am using it to make purchases and invest

to me i think that the most common use of bitcoin is to use it for trading and investment, while in some cases i also use it for purchasing online good, for online shopping in online shops, and even in some cases i also use bitcoin for shopping in our local shop specially for recharging our mobile which is the most common use of bitcoin in our area, but mostly i think we use bitcoin for trading and investment purpose, because still we do not have much opportunities to use bitcoin for shopping and other such purposes.

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: boyptc on September 20, 2017, 07:16:35 AM

I'm using bitcoin for several transactions with my friends. If someone sells a gadget I'm asking him if I can pay for bitcoin and it's fine for him. And starting that day, that's how I'm starting to use bitcoin for my trades with him. But my main use for bitcoin is as an investment, I'm always looking forward for bitcoin as an investment and this is why I keep on collecting bitcoin and strives to earn it.

You should not just consider Bitcoin to be an asset.

In reality, it is meant to be spent. If there are no places to spend Bitcoin then ow in the world could it ever have any value? It simply would have an imaginary value based on nothing as you could not spend it anywhere. So what would be the point?

At the end of the day, you need to be able to spend it, and you should be spending it to encourage mass adoption.

dbrandz

member

Activity: 80

Merit: 10

I am using it to make purchases and invest

Paid Piper

sr. member

Activity: 329

Merit: 254

Quote from: Hasbro27 on September 20, 2017, 08:43:24 AM

I think bitcoin can be used by anyone, including for the black market, because bitcoin gives ease in transacting and takes time which if the mentranfernya. bitcoin unlike cash can not control the circulation of bitcoin.

to me i think that bitcoin is still not so much popular to be use for everything, i think that still there are some specific purpose and places where we can use bitcoin, i think we can use bitcoin for online purpose so widely, while in some place where bitcoin is more popular there people are also using it for shopping in their local shops but still the shops are still limited there and it need some more time when bitcoin will become more common to be easily available to be use for everything.

Hasbro27

full member

Activity: 378

Merit: 100

I think bitcoin can be used by anyone, including for the black market, because bitcoin gives ease in transacting and takes time which if the mentranfernya. bitcoin unlike cash can not control the circulation of bitcoin.

Batang Hambog

full member

Activity: 223

Merit: 100

Quote from: brunozisterer on May 01, 2012, 01:31:58 AM

I use Bitcoin to play Video Poker on:
https://strikesapphire.com/
and Lotto on:
http://www.bitlotto.com/
The rest I keep for my pension Cheesy

I am using my bitcoin for my personal expenses. Especially in my academic expenses or extra curicular activites that needs money because im only a student and dont have job yet to have my own money. Thats why i prefer bitcoin as my source of income as of now.

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: webmastax on September 16, 2017, 07:48:40 AM

Before i used bitcoin for blackmarket, betting and sometimes for payments. Now i'm just investing and holding.

That's true. We all want to earn, good amount of profits from bitcoins. Other than this, bitcoins help its investor economically. It increases his capital and the currency can be earned with ease. I think, most of us are holding on bitcoins for future purpose and seldom happens that we sell out our bitcoins.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

I'm using bitcoin for several transactions with my friends. If someone sells a gadget I'm asking him if I can pay for bitcoin and it's fine for him. And starting that day, that's how I'm starting to use bitcoin for my trades with him. But my main use for bitcoin is as an investment, I'm always looking forward for bitcoin as an investment and this is why I keep on collecting bitcoin and strives to earn it.

Farhan25

newbie

Activity: 28

Merit: 0

I used Bitcoin for my business financing. Even I used to invest for my future. Bitcoin is an important part of my income.

Himanshu111

sr. member

Activity: 462

Merit: 250

I only use my Bitcoin to invest in various other ICOs which appear to be really promising. Usually, I try to hold my Bitcoins as they are one of the fastest growing commodities in the market.

arlinxoha

full member

Activity: 402

Merit: 101

Arianee:Smart-link Connecting Owners,Assets,Brands

I used Bitcoin for my business financing. Even I used to invest for my future. Bitcoin is an important part of my income. It makes me dream and I can help my family financially.

ladydark

hero member

Activity: 686

Merit: 500

Quote from: karabasss on September 18, 2017, 03:44:40 AM

Quote from: Denov Setu on September 18, 2017, 03:40:24 AM

Quote from: gandame on September 18, 2017, 03:33:59 AM

Quote from: Wowcoin on September 18, 2017, 03:27:08 AM

Quote from: ChristianPogi on September 17, 2017, 09:49:30 PM

Bitcoins is so much easy to handle, It helps me to pay my bills in real life instantly and I'm also using bitcoin to buy some stuffs online.

I though using bitcoin is much more capable in the future. Well, I will keep my bitcoins as long as I can Cheesy

Yes, bitcoin is so easy to use especially to online payment that accepting bitcoin its easy to transfer. Like here in our country its convenient to pay our bill because they are accepting bitcoin as a payment.

Bitcoin are many uses online like you can invest through bitcoin some country didn't accept bitcoin. So good to here that in your country you can easily use it as a payment.

Yeah mate,, I hope someday in my country there will also be an online store that accepting bitcoin payment. so far only fellow bitcoiner that accepting bitcoin payment in my country

In my country there are several shops that take bitcoin. But I do not want to spend my coins on this. I keep bitcoin as an investment in the future. I also use it for trading on the exchange

In my country india,there are no retail stores accepting bitcoins as payment and i would have to wait for few more months for it to get legalized.So,i have just used bitcoins for recharging my mobile and to buy altcoins for trading.I save a major portion of my bitcoins for my family.

loty1825

member

Activity: 76

Merit: 10

The only thing I use it for is buying other coins, when they only have BTC pair available.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

for investment.
I want to have a lot of savings for old age later. and also to open a business. hopefully whatever our dreams can be realized everything.

ir.yance

full member

Activity: 354

Merit: 100

Quote from: karabasss on September 18, 2017, 03:44:40 AM

Quote from: Denov Setu on September 18, 2017, 03:40:24 AM

Quote from: gandame on September 18, 2017, 03:33:59 AM

Quote from: Wowcoin on September 18, 2017, 03:27:08 AM

Quote from: ChristianPogi on September 17, 2017, 09:49:30 PM

Bitcoins is so much easy to handle, It helps me to pay my bills in real life instantly and I'm also using bitcoin to buy some stuffs online.

I though using bitcoin is much more capable in the future. Well, I will keep my bitcoins as long as I can Cheesy

Yes, bitcoin is so easy to use especially to online payment that accepting bitcoin its easy to transfer. Like here in our country its convenient to pay our bill because they are accepting bitcoin as a payment.

Bitcoin are many uses online like you can invest through bitcoin some country didn't accept bitcoin. So good to here that in your country you can easily use it as a payment.

Yeah mate,, I hope someday in my country there will also be an online store that accepting bitcoin payment. so far only fellow bitcoiner that accepting bitcoin payment in my country

In my country there are several shops that take bitcoin. But I do not want to spend my coins on this. I keep bitcoin as an investment in the future. I also use it for trading on the exchange

I use bitcoin as a source of money and savings to buy my necessities, and for the purposes of my family, because the bitcoin currency is very valuable to me

ir.yance

full member

Activity: 354

Merit: 100

Quote from: 1l1l11ll1l on April 30, 2012, 11:55:46 PM

The miners mine and hold, other mine and sell.

Investors and speculators buy, hold and sell.

You can buy random items in auctions and through the forums.

What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)

What have you used bitcoins for?

Miner
Investor
Black Market
Other - explain

I use bitcoin as a source of money and savings to buy my necessities, and for the purposes of my family, because the bitcoin currency is very valuable to me

Topic: What are you using bitcoins for? - page 15. (Read 21353 times)