Whats your most common uses for cryptocurrencies? - page 6.

shoreno

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Quote from: naufals4 on January 25, 2019, 05:29:15 PM

for me, I use bitcoin or other cryptocurrency just for investment or trading. For investment, I usually buy BTC and will hold it for 5-10 years, but this way is very risky because the price of bitcoin tends to be unstable.

oh i see . trade and invest arent a common usage but if thats what you like then go ahead . investing btc is indeed good for long term but 5 to 10 years ? thats literally long but the risk isnt big because the longer btc runs , the bigger the value that it can possibly get .

me myself is only use crypto for buying mobile recharge and sometimes i used it to pay bills . i believe these are the common and basic ways to use our cryptocurrencies .

naufals4

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for me, I use bitcoin or other cryptocurrency just for investment or trading. For investment, I usually buy BTC and will hold it for 5-10 years, but this way is very risky because the price of bitcoin tends to be unstable.

BurgerCash

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Quote from: Alohadance on January 25, 2019, 04:52:04 PM

I think now mostly all people buy bitcoins to make easy money. But the market is falling, it's a bad decision. I think that some companies use bitcoin as a payment, specially between different countries.

The former is correct, the latter is hard to believe.
Bitcoin is an accountant's nightmare, it's much easier to do wires, and given the accounting and legal issues - cheaper, too.

Alohadance

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I think now mostly all people buy bitcoins to make easy money. But the market is falling, it's a bad decision. I think that some companies use bitcoin as a payment, specially between different countries.

iqlimasyadiqa

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Quote from: maemunah on January 22, 2019, 07:12:04 PM

the use of crypto at the moment is for me to be able to transact with other companies and people that are the most common uses and often I use in the crypto world right now I think that is the use of crypto that I use

Generally speaking, the use of digital currency is to support the financial transactions that we have. Furthermore, the majority of users of digital currencies are investors. Investing in digital currencies is something very interesting. With changing price movements investors take advantage of the situation to be made a profit. something like this is done by many people, investing in digital currencies can provide a huge source of income.

Autumn_Rain

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Unfortunately, I think, for many of us it's still just an investment

bitbunnny

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Cryptocurrencies or to be precise has the very practical use for me. I don't use it only as an investment but to cover my everyday expenses. To pay the bills, buy goods in stores or even to pay for traveling. I use Bitcoins on my Bitcoin debit card which makes every payment much easier because card is accepted everywhere and I don't have to worry if the merchants accept Bitcoin or not.
I think that the true value of Bitcoin is use in real life to pay for real things as an alternative to traditional fiat currencies.

Belec

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I spend a small amount of money all year long, and usually there are some parts for the computer, I last bought, paid and online sellers for some services or necessary items. I do not have a large amount and I do not think that I could live with it, so I just keep it up.

Thanasis

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Most of the cryptocurrencies were being used in the trading exchanges not on any bill counters to pay the bills but this is what bitcoin made for I hope. I am not using my cryptocurrencies to pay for anything and even I can't able to do that until it is accepted everywhere in my country.

cryptoangel001

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despite the name cryptocurrency, most are not currencies. the other are altcoin and are not been used as cryptocurrency. to me, i think the most commonly used cryptocurrency is the BTC.

Capt00

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Quote from: mornabo on January 25, 2019, 11:07:08 AM

Quote from: eann014 on January 25, 2019, 09:19:33 AM

I use cryptocurrency to pay bills but most of the time, I use it or encash it because of our daily needs or in emergency uses like hospital bills or for school purposes for my son, but if an online transaction is what you are asking then I mostly use it to pay bills.

Its Very good if you can use bitcoin to pay bills or something, there are rarely users who use bitcoin for that, most of them just see it for investment. if the merchants around me accept bitcoin, of course I will spend bitcoin more often. I'm currently using it for long-term investments only

If all are using that strategy a long time to hold investment nothings happen on Bitcoin price movement, it is not contribute the movement price on the market. The best thing to do is always having transactions with Bitcoin, paying bills and having a trading activity which is the price circulate. More transactions generate to make the Bitcoin price increase.

posi

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Quote from: BlackPanda on January 23, 2019, 07:15:17 AM

Quote from: Ridwan Fauzi on January 23, 2019, 06:48:51 AM

Until now, I only use cryptocurrency as a place to invest, there is no party that supports the use of cryptocurrency in my country and they don't even know the function of cryptocurrency, it's just that they judge negatively because of the news circulating. Actually I always wanted to use cryptocurrency in my life everyday but there were no supporting facilities to use it.

In real, now the digital currency is indeed very much used as an investment, only a few percent use digital currency as a medium of financial payment. This can be recognized because currently there is still a lack of facilities and also places that accept digital currency payments. Investment is far more attractive because it can provide many benefits. But now more and more years there has been an increase in the number of uses of the digital currency, good progress and of course it must be further improved. We are all happy and we will all get satisfying results when we can do our best.

I totally agree with what you said BlackPanda because the number of people that used crypto currency as an investment increased last year but with the last market correction we cant sure now if the number of crypto investment users still increase or decreased because we both see alot of users on this forum which lamented due to their losses.
Ridwan Fauzi, crypto payment is now advanced which I believe you ought to know by now and if parties support the uses of crypto currency in your country, you can simply apply for a crypto credit card which you can use through ATM or POS terminals.

mornabo

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Quote from: eann014 on January 25, 2019, 09:19:33 AM

I use cryptocurrency to pay bills but most of the time, I use it or encash it because of our daily needs or in emergency uses like hospital bills or for school purposes for my son, but if an online transaction is what you are asking then I mostly use it to pay bills.

Its Very good if you can use bitcoin to pay bills or something, there are rarely users who use bitcoin for that, most of them just see it for investment. if the merchants around me accept bitcoin, of course I will spend bitcoin more often. I'm currently using it for long-term investments only

bering

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I actually prefer to buy clothes, smartphone or if possible my daily needs use cryptocurrency but unfortunately i was not able to do that because i could not find online shop or shopping store in my country who accept cryptocurrency as the payment method and currently nothing i can do besides use my cryptocurrency for trading purposse and for investment tools

solarcrypto

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Mainly e-commerce, protects your identity

thankyoulord

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i simply use bitcoin for three things, pay for huge amount of money in purchase of heavy equiment and also do some online shopping with it. Also there are sites currently where one can bet with bitcoin and i sometines bet with it

Taki

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Well, I think I will not be unique by saying that I use crypto for cash making. I mean I trade them and use profit for my needs.

eann014

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I use cryptocurrency to pay bills but most of the time, I use it or encash it because of our daily needs or in emergency uses like hospital bills or for school purposes for my son, but if an online transaction is what you are asking then I mostly use it to pay bills.

0t3p0t

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Quote from: W.Wander on January 22, 2019, 06:56:21 PM

What do you use cryptocurrencies most often for? If you thought about what cryptocurrency you use the most and what your favorite/most often use case is for it, what would it be? Obviously if it's private and you don't wish to share that's fine, I'm just curious to see what's being used and where people go most often for purchases, maybe pick up some new websites to visit for stuff I haven't found yet, or just share some places with other users who don't know many places to spend at.

What would the websites be, or physical places you visit for your purchases? Anybody offer discounts for cryptocurrencies or anything special? Like, what is the drive that gets you to get and use cryptocurrency for a purchase over a credit card. Special things you can only buy with crypto's or special discounts or anything, or just for the ease of transferring funds mostly?

The most common use of cryptocurrency in my case is to buy prepaid loads for my mobile data connection through our local exchange which offers a lot of services like bill payments, goods and services where merchants accept Bitcoin payment. Other cryptocurrency are also available like Ethereum, Ripple and BitcoinCash that can be converted to our local fiat currency. For me cryptocurrency like Bitcoin is way safer to have than having paper money as it is only for wealthy people. Cryptocurrency is for everyone, we all believe we can achieve the what we called financial freedom compared to fiat that is prone to crisis.

CryptoToxicAvenger

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I use the cryptocurrency for the exchange. Also, I'm going to try some of the services where there is a payment cryptocurrency. I also tried to use tokens on the platform of some projects. That's interesting I think.

Topic: Whats your most common uses for cryptocurrencies? - page 6. (Read 23068 times)