What is there to do with bitcoins these days ? - page 2.

ardentvolcanoes

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Quote from: Mastsetad on November 19, 2016, 12:39:07 PM

Quote from: olushakes on November 18, 2016, 01:08:51 AM

There are million of things to do with Bitcoin, its like asking what are the things to do with money. Bitcoin is money which can be converted to any FIAT ( at least from here) then convert it and do whatever you wish to do with money with it. Buy house, get a car, go for that vacation. You can even store it although that could be risky but its possible.

Who says storing it is risky? It is not risky unless you don't know how to secure your money, it all depends on you if how much you can protect your things, if you are good at it then they are secure, so it is also good to be stored.

yeah right. and how come the storing of bitcoin could be risky if other people didn't know your account information especially your password, passphrase, 2FA etc. unless you shared it to other or you have been attacked by a phisher. as long as you have secured your account then it wouldn't be risky .

calkob

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to me bitcoin is currently a store and hold long term, abit like gold and nothing like cash...... sorry satoshi Grin

Hellacopter

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I think holding Bitcoins nowadays could being profitable, instead of using or spending it. The price is increasing already since a while and if this continues as expected, holders can making good profit

richardsNY

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Quote from: deisik on November 19, 2016, 12:33:45 PM

Quote from: richardsNY on November 19, 2016, 12:13:03 PM

2 ~ The far majority of the merchants accepting Bitcoin are using a service such as BitPay where you require to have at least 1 confirmation when it comes to higher value transactions.

You could use a Bitcoin payment card, and then you wouldn't have to wait for any confirmations altogether

This wouldn't really make sense for me as I would then need to go through the hassle of signing up to a Bitcoin related debit card. And to do what? The same as my bank card allows me to do? No thanks. As said before, for international use, Bitcoin is a great functioning currency, for local use not.

Mastsetad

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Quote from: olushakes on November 18, 2016, 01:08:51 AM

There are million of things to do with Bitcoin, its like asking what are the things to do with money. Bitcoin is money which can be converted to any FIAT ( at least from here) then convert it and do whatever you wish to do with money with it. Buy house, get a car, go for that vacation. You can even store it although that could be risky but its possible.

Who says storing it is risky? It is not risky unless you don't know how to secure your money, it all depends on you if how much you can protect your things, if you are good at it then they are secure, so it is also good to be stored.

deisik

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Quote from: richardsNY on November 19, 2016, 12:13:03 PM

Quote from: deisik on November 19, 2016, 12:03:13 PM

Indeed, it is hard to use Bitcoin directly today, and you can't simply go to the nearest shop mall and just spend a few bitcoins there (but this may quickly change in the future).

If I am completely honest and look at the facts, then there is zero incentive from my side to actually spend any of my coins in a shopping mall.

1 ~ Bitcoin transaction fees simply make it not interesting as I pay for things instantly with cash or my bank card without any fees.

I would even add that spending bitcoins on everyday things like groceries and gas doesn't make any sense as such even if you had to pay no fees at all and all transactions would be instantly fast. Spending precious bitcoins on smaller and unimportant things is like spending gold coins and getting change in nickels. We already have fiat for this...

So let paper get burned

Quote from: richardsNY on November 19, 2016, 12:13:03 PM

2 ~ The far majority of the merchants accepting Bitcoin are using a service such as BitPay where you require to have at least 1 confirmation when it comes to higher value transactions.

You could use a Bitcoin payment card, and then you wouldn't have to wait for any confirmations altogether

crairezx20

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Quote from: deisik on November 19, 2016, 12:03:13 PM

Quote from: Hazir on November 18, 2016, 09:27:50 AM

Quote from: noictib on November 18, 2016, 09:17:24 AM

I think we should nothing with our bitcoin in these days because the main reason behind this to not to use is its high price . Here we are seeing that price continuously going increasing so here we should hold our bitcoin in wallet to get more and more Profit .

I understand but at the same time despise this thought. As I think we should aim to reach total direct bitcoin adoption.
But when people won't use BTC to purchase goods or as payment for services then what incentive 'non bitcoiners' will see to join the hype train?
I talked with my friend yesterday and he asked - what good is Bitcoin for if you can't use it to buy anything you want directly with it?

Indeed, it is hard to use Bitcoin directly today, and you can't simply go to the nearest shop mall and just spend a few bitcoins there (but this may quickly change in the future). On the other hand, a lot of freelancers, if not all, accept bitcoins for their services in the Internet. Without Bitcoin, you would hardly be able to pay somebody willing to work for you being half around the world from you without any hassle. You would have to use PayPal or other such services and pay hefty commissions at that..

As to me, Bitcoin fits perfectly this niche of online payments for online services

Yeah agree this is the advantage of bitcoin there is no hassle for paying or receive it for payment in your work..
Unlike paypal that it takes a long time before your account to be approve also the difference about the fee.. For now they are few stores are accepting bitcoin but i think in the future many stores and shop will release that can accept bitcoin as payment..

richardsNY

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Quote from: deisik on November 19, 2016, 12:03:13 PM

Indeed, it is hard to use Bitcoin directly today, and you can't simply go to the nearest shop mall and just spend a few bitcoins there (but this may quickly change in the future).

If I am completely honest and look at the facts, then there is zero incentive from my side to actually spend any of my coins in a shopping mall.

1 ~ Bitcoin transaction fees simply make it not interesting as I pay for things instantly with cash or my bank card without any fees.

2 ~ The far majority of the merchants accepting Bitcoin are using a service such as BitPay where you require to have at least 1 confirmation when it comes to higher value transactions.

I currently only spend my coins online at international merchants as Bitcoin is perfectly suited for this purpose. In short, as online currency fantastic, as local currency not so much.

ranochigo

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Bitcoin has mostly became a way for people with money and access to cheap hardware and electricity to make money. It also allows traders to make profit due to the volatile price.

In reality, the use of Bitcoin has mostly became an online only thing. It is extremely hard for people to use it in real life due to the low adoption rate. It is however, very easy to use online to pay for things such as hosting.

deisik

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Quote from: Hazir on November 18, 2016, 09:27:50 AM

Quote from: noictib on November 18, 2016, 09:17:24 AM

I think we should nothing with our bitcoin in these days because the main reason behind this to not to use is its high price . Here we are seeing that price continuously going increasing so here we should hold our bitcoin in wallet to get more and more Profit .

I understand but at the same time despise this thought. As I think we should aim to reach total direct bitcoin adoption.
But when people won't use BTC to purchase goods or as payment for services then what incentive 'non bitcoiners' will see to join the hype train?
I talked with my friend yesterday and he asked - what good is Bitcoin for if you can't use it to buy anything you want directly with it?

Indeed, it is hard to use Bitcoin directly today, and you can't simply go to the nearest shopping mall and just spend a few bitcoins there (but this may quickly change in the future). On the other hand, a lot of freelancers, if not all, accept bitcoins for their services in the Internet. Without Bitcoin, you would hardly be able to pay somebody willing to work for you being half around the world from you without any hassle. You would have to use PayPal or other such services and pay hefty commissions at that..

As to me, Bitcoin fits perfectly this niche of online payments for online services

Red-Apple

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as always bitcoin is used as a good investment with a big return in long term. and also comes with that the whole trading side which can be used for money making each day.

but there are still so many things to do with bitcoin. one of which is gambling and if you are one of the many who is interested in gambling you can find lots of casinos online to play at.

also there are many services online that are accepting bitcoin from big corporations like valve to smaller VPN services and many other things.

buwaytress

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Do what people do with money. Find new needs or create new needs, make bitcoin the way to fill that need.

Keep creating demand for it and spread its use. Simply telling more people about it and encouraging it will help.

crairezx20

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Quote from: madwica on November 18, 2016, 10:03:57 AM

Bitcoin value is continuous increasing that is why much better to collect more bitcoin as many as we can then save it as an investment and sell it in the right time and good value of bitcoin to make us rich.

There is no assurance that the price will continues to increase if you buy now the price is very high and soon we don't know if what price of bitcoin will be reach or sooner the price can be decreased.. so you will lose but you can be still holding it but it takes a long time again to see the price will increase more. i jsut relaying in old bitcoin chart from last year.

Selly Arumsari

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Quote from: TheUltraElite on November 19, 2016, 10:51:15 AM

Quote from: madwica on November 18, 2016, 10:03:57 AM

Bitcoin value is continuous increasing that is why much better to collect more bitcoin as many as we can then save it as an investment and sell it in the right time and good value of bitcoin to make us rich.

Best thing is to buy some bitcoin and then start trading on it or hold them long enough and sell them. You can also try altcoin mining and altcoin trading. These are considered to be best types of investments these days. Once you get enough capital of bitcoin start to invest it in bitcoin casino bankrolls.

yes me too , i think trading is better .. It is better to get profit more then save them for investment

Selly Arumsari

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save them , mining , trading
for long time i use bitcoin for my investation because price of bitcoin rapidly changing..
i think invest in bitcoin prefer to gold

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: madwica on November 18, 2016, 10:03:57 AM

Bitcoin value is continuous increasing that is why much better to collect more bitcoin as many as we can then save it as an investment and sell it in the right time and good value of bitcoin to make us rich.

Best thing is to buy some bitcoin and then start trading on it or hold them long enough and sell them. You can also try altcoin mining and altcoin trading. These are considered to be best types of investments these days. Once you get enough capital of bitcoin start to invest it in bitcoin casino bankrolls.

madwica

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Bitcoin value is continuous increasing that is why much better to collect more bitcoin as many as we can then save it as an investment and sell it in the right time and good value of bitcoin to make us rich.

iamTom123

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Quote from: Wind_FURY on November 13, 2016, 08:41:33 PM

Quote from: Begd1540 on August 24, 2016, 04:46:23 AM

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

Just accept the fact that the ship has sailed and that most of us did not see what was coming when we first heard about Bitcoin. The price was around $5 when I first read about it but I did not even pay enough attention because I thought it was just a play toy by hackers. The next time I checked the price was going to $100 then that is when I started paying attention.

Since the ship left without us the next thing to do is to create Bitcoin services. For me the best to create are darknet based services because that is where Bitcoin really is "at home".

We can still be a part of the Bitcoin ship in so many ways. We can buy it at its current price and pray that it will continue on making its value higher maybe next year...or find a good earning opportunity using Bitcoin so we can grow our money. The possibilities with Bitcoin is virtually endless and am sure next year can be another good year for this number one cryptocurrency.

Hazir

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Quote from: noictib on November 18, 2016, 09:17:24 AM

I think we should nothing with our bitcoin in these days because the main reason behind this to not to use is its high price . Here we are seeing that price continuously going increasing so here we should hold our bitcoin in wallet to get more and more Profit .

I understand but at the same time despise this thought. As I think we should aim to reach total direct bitcoin adoption.
But when people won't use BTC to purchase goods or as payment for services then what incentive 'non bitcoiners' will see to join the hype train?
I talked with my friend yesterday and he asked - what good is Bitcoin for if you can't use it to buy anything you want directly with it?

noictib

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Quote from: Begd1540 on August 24, 2016, 04:46:23 AM

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

I think we should nothing with our bitcoin in these days because the main reason behind this to not to use is its high price . Here we are seeing that price continuously going increasing so here we should hold our bitcoin in wallet to get more and more Profit .

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