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Topic: Why do the peoples use the Bitcoin? (Read 2235 times)

sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
September 05, 2016, 11:18:44 AM
#64
people who use bitcoin like freedom. they do not want any authority or government to control their money and take it whenever they want. they also want to be modern as flat money are old-fashioned now
hero member
Activity: 490
Merit: 520
September 05, 2016, 11:14:33 AM
#63
Some people use Bitcoin to get their money out of the fiat system and have it stored somewhere where its value isn't dictated by a government, some use it as an investment that is volatile and swings up and down, some use it to trade altcoins, some people use it to buy drugs or whatever (however that's slowly losing market share to Monero) and other people use it to find a way to make extra money doing whatever.
sr. member
Activity: 434
Merit: 250
September 05, 2016, 11:10:33 AM
#62
Bitcoin is just a currency like all others, just the transaction fee, and slow transaction sometimes, there is no difference with other currencies.
Why do peoples use Bitcoin?
Bitcoin will change what in currencies world?
I think that most people use Bitcoin because they want to make some extra money with it and I think that Bitcoin is the best way of doing that.
Most people do not make use of it as an currency but as an investment.
hero member
Activity: 924
Merit: 1000
August 31, 2016, 12:15:56 PM
#61
I am using it only in altcoin trading at a moment, as I am trying to grow my coins as much as possible so that can sell when price goes above $1k to make some good money out of it.
hero member
Activity: 1554
Merit: 502
August 31, 2016, 11:36:22 AM
#60
Bitcoin is just a currency like all others, just the transaction fee, and slow transaction sometimes, there is no difference with other currencies.
Why do peoples use Bitcoin?
Bitcoin will change what in currencies world?

Dear friend i dont know what is main moto of yours behind asking this question but I have great comment on it.

And many will accept it.


First of all fiat currencies are centralized. Only government can issue them. Even control them. So normal person dont have rights to generate money. But,

Bitcoin or any altcoin  have greatest advantage as they can be generate by mining. Imagine if we make arrangement for mining and start mining what will happen ?

Day by day miners are increasing it means they are generating money.

And generated coins can be exchanged on exchanger. There are many exchanger give instant trading facility.
hero member
Activity: 672
Merit: 503
August 31, 2016, 05:13:43 AM
#59
I think it's all about trust. No government or institustion can steal your bitcoins... well, people tend to think so.  Grin Besides, most ppl use btc as an investment or make money by trading coins. With fiat currencies, it is more complicated since you need a broker, different bank accounts, and so on.

Bitcoin gives an ease to its users wherever they use either for gambling, money transfers, trading, online purchases as it gives them full privacy which is not possible with any other means.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
August 31, 2016, 05:13:09 AM
#58
People use bitcoin because it is anonymous, easy to send, not taxable and less fuss than a Bank account. However the price is volatile and it is still considered to be in Beta stage. Hence should be used with extreme caution. Still people use it just like fiat money.
sr. member
Activity: 668
Merit: 257
Nextgen Financial Ecosystem
August 31, 2016, 05:11:05 AM
#57
I think it's all about trust. No government or institustion can steal your bitcoins... well, people tend to think so.  Grin Besides, most ppl use btc as an investment or make money by trading coins. With fiat currencies, it is more complicated since you need a broker, different bank accounts, and so on.
hero member
Activity: 672
Merit: 500
August 31, 2016, 05:05:32 AM
#56
some people use bitcoin because it is more convenient rather than paying using cash or credit cards while others us bitcoin because they can see it as an opportunity to earn profits.

I agree with your later part that its an way to make good profits but while making purchases I think people still prefer to user cash and credit cards as bitcoin is not yet widely accepted.
legendary
Activity: 994
Merit: 1000
August 31, 2016, 05:05:04 AM
#55
People are just using the bitcoin because it is an hype you know there are so many peopel dont even know where they can use it for and also having coins. So when you are having coins and dont spent them please sell them to people who kknows what to do with it.
Bitcoin is obviously not just a hype bro, if people get bitcoin than they will surely learn more about it rather than selling cheap to others.
hero member
Activity: 1176
Merit: 509
August 31, 2016, 05:02:23 AM
#54
some people use bitcoin because it is more convenient rather than paying using cash or credit cards while others us bitcoin because they can see it as an opportunity to earn profits.
member
Activity: 65
Merit: 10
August 31, 2016, 04:39:13 AM
#53
Because it can be easier to earn for some people and it doesn't have a boring interest rate of 0.7 like banks do. This is more risky which makes investing more fun, but I wouldn't keep all my money in it.
hero member
Activity: 798
Merit: 1000
August 31, 2016, 04:36:19 AM
#52
Bitcoins can be used for almost everything you know there are so many people who dont know where to use the bitcoins for but it is quiet easy you can buy almost everything now with the bitcoin so dont need to explain everything you can do.

Even if you are not able to buy something with bitcoins you can easily convert them to any currency and then buy the thing you are desiring for... so basically bitcoin can be used to anything though it is not accepted everywhere but it is changeable..

Yes and converting bitcoin to fiat currency is no big deal now, you can do it very easily and on short notice, so basically bitcoin can be used anywhere to buy anything.
sr. member
Activity: 378
Merit: 250
August 31, 2016, 04:16:05 AM
#51
I think that most people use Bitcoin because of its revolutionary idea of decentralisation. It is the first in this area and is also partially anonymous. This new theory seems to be pretty attractive and as you can see Bitcoin has spread in a phenomenal way. Moreover, like you said transaction fees are lower, accounts can never be frozen and it is a completely peer-to-peer system.

Smiley
sr. member
Activity: 444
Merit: 250
August 31, 2016, 03:58:34 AM
#50
Bitcoins can be used for almost everything you know there are so many people who dont know where to use the bitcoins for but it is quiet easy you can buy almost everything now with the bitcoin so dont need to explain everything you can do.

Even if you are not able to buy something with bitcoins you can easily convert them to any currency and then buy the thing you are desiring for... so basically bitcoin can be used to anything though it is not accepted everywhere but it is changeable..
sr. member
Activity: 344
Merit: 250
August 31, 2016, 03:29:45 AM
#49
Bitcoin is just a currency like all others, just the transaction fee, and slow transaction sometimes, there is no difference with other currencies.
Why do peoples use Bitcoin?
Bitcoin will change what in currencies world?
Well i think for me i started in bitcoin and use them in 2015 when i was looking for extra income and i saw faucet that easy that that you can get satoshi the same as ptc site before that i never made withdraw unlike in bitcoin that you can withdraw it instantly so i stay in bitcoin because of it now i am here in bitcoin that i am earning in signature campaign that i never seen in other site that you can earn money.. now while earning bitcoin and saving it i use some of them to invest and learn in marketing online and now i am my own business online that i can earn passively.
People use bitcoins only to make some thing really easier you know there are so many people just having cash instead of bitcoins but there are allot of people having bitcoins and want to live from that and now that is possible because you can almost buy everything with coins.
sr. member
Activity: 298
Merit: 250
August 31, 2016, 03:21:16 AM
#48
People are just using the bitcoin because it is an hype you know there are so many peopel dont even know where they can use it for and also having coins. So when you are having coins and dont spent them please sell them to people who kknows what to do with it.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
August 31, 2016, 02:28:26 AM
#47
Bitcoin is just a currency like all others, ... , there is no difference with other currencies.

if you think bitcoin is just like any other currency then I wonder what have you been doing all these time apart from spamming the forum with signature campaign since you are a Full member.

Quote
slow transaction sometimes

again this is your lack of knowledge in bitcoin.
bitcoin transactions are instant, and as soon as you broadcast it on the network it is out there and the other person can see it.
the only thing that takes time is confirmation and that is how bitcoin works, include standard fee and you will never be left behind in confirmation Wink
hero member
Activity: 2660
Merit: 614
Leading Crypto Sports Betting & Casino Platform
August 31, 2016, 02:21:14 AM
#46
Bitcoin is just a currency like all others, just the transaction fee, and slow transaction sometimes, there is no difference with other currencies.
Why do peoples use Bitcoin?
Bitcoin will change what in currencies world?

But i don't think that the other crypto currency is too popular than bitcoin. People use the bitcoin because we trust on it, second bitcoin is big and first currency, which introduce the crypto currency in all over the world.
hero member
Activity: 1806
Merit: 671
August 30, 2016, 07:31:52 AM
#45
There are many reasons why people all over the world use bitcoin, It the ability to earn them online. There was a time where you need paypal and other payment processors just to transact with other people and there is also the hassle of verifying your account. Now there is bitcoin wallets in where you can not only transact but is also a universal money in where many people accept it. It has features like earning them online that can be attractive for people who are looking to an opportunity online.
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