Topic: Why even use BitCoins? (read the post!) - page 2. (Read 2360 times)

Cryptocurrency, bitcoin included, is great to buy goods and services on a global level.  If I am canadian, buying from china for example.  I have to convert to usd, then send it, then they convert it back to their local currency.  with btc its simpler and the fees are lower.  transaction times are fast compared to a wire transfer.  Also its peer to peer, no passing through a bank or other intermediary.  The block chain tech is useful for record keeping and it is safe, secure, fast and innovative.  I have bought many things, usually with dogecoin as transaction times are much faster.  Those that say its just a store of value are wrong.  Bitcoin derives its value from its usage and how useful it is.

I use bitcoins because I don't have to depend on a bank or any corporate company to deal with my bitcoins or transactions. It's easy to use for me and faster than any bank out there. I store my money into bitcoin as well, it has much potential to grow in value in the upcoming years.

I am using bitcoins as a savings account. I can invest into bitcoins as well as save up for the future.
I believe that bitcoin will be worth a lot in 10 years, that's why I am investing and saving up bitcoins.

If I phone up and order something using debit/credit card I have to give over all my card details, now they aren't supposed to keep my details but there's nothing stopping them.  Makes for extremely easy theft.  Now if I paid with Bitcoin I wouldn't have that problem.

ITS ABOUT THE ECONOMY WHICH IS FAILING IN THE FIAT AREA AND THE POWER OF PEOPLE TO CREATE SOMETHING REVOLUTIONARY!!!

Now you put some effort and "waste time" like you say but one day ill buy some fiat from you so i can whipe my butt

I think this question you have is very pointless...you can ask the same thing about many thing

Why go in the bank if there is drive trough
Why build shops if EVERYTHING is online
Even you writting your post is waste of time so why did you do it?

Its more knowledge and believing in something and best part is when more and more people believe in the same in the good

I do agree with you, when I shop using debit/credit card (because the merchant doesn't accepts Bitcoin), I am always worried that my credit/debit card information might get stolen and someone might steal the money from my account or shop using my credit card. But when paying with Bitcoin I don't have to worry about these things, because no one other than me can know my private key and even if they did, by the time they do any damage, my funds would have moved from there to another address. So A.) Its more Secure.

B.) I am in control of my funds, banks can't seize my funds for whatever reason.
C.) I don't have to pay huge fees to banks for holding and spending my own funds.

Those are some of the reasons I prefer shopping with BTC but OP if you don't feel like using it, no one is forcing you to.

We don't use bitcoin for the anonymous purposes. We use it because it has a 21,000,000 coin cap, and because it's not controlled by the goverments. It's not really taxable unless you cash it into fiat, too!

No one forces you to use Bitcoin. No one pays with gold yet that doesn't mean gold is valueless. The value in Bitcoin is in its amazing money features, not if people use it to do groceries.

Buy all the items on your list at a 25% discount with purse.io
Fight government corruption... Bank greed... devaluing fiat & limited boarders.
Or collect your FUD $s from the 1%

I think I may have an answer for you..... Cryptocurrency is the future.  Dollars and coins are slowly going to be replaced.  Its going to happen because the world's economies are basically entertwined with technology.  It's the new "cool", even if it is stupid.  It's just going to happen.  Now, with that said, right now the technology infrastructure is just being built out.  Right now, even in the Fiat "Dollar" world, you have a migration from electronic debit/credit cards to chips / sensors / biometrics / smartphone pay etc.  Even if cryptocurrency were to all die tomorrow - you'd still have this migration heading towards all digital payments.  But I will admit that RIGHT NOW the technology infrastructure isn't here yet.  So you are partially correct that it is a bit more difficult to use bitcoin now, than simply putting it in your bank and using the debit card. 

But the degree of difficulty is shrinking, and already there are some advantages to being "first in line"......

1) With Coinbase for example, I have a "Bank Account".  I can hold my dollars in my account, or I can hold bitcoins.  I can have dollars AND bitcoins mixed in the same account.   At normal times when bitcoin is on an upwards growth trend, I keep it all in bitcoins, and my money appreciates (like a super interest bearing checking account - only a LOT better than any fiat bank pays).  If I see a down spell - I instant exchange it into dollars with the click of a mouse.   So my online Coinbase Account acts as 1) My checking account that has a direct linked debit card 2) My savings account that pays pretty darn good interest 3) an Investment portfolio that I can actively manage if I want.

2) Now that I can spend my bitcoins, I can feel safe enough to also directly accept bitcoin payments.   As a business man, this expands my potential customer base, increases my offerings to my customers.  All good things in the business world.

3) I'm ahead on the learning curve than the average Joe.  When the "Switchover" comes, I will be ready to take advantage of a lot of business migrations / confusion.  By capitolizing on that I will increase marketshare in my business.

4) If You Believe (and I do) that the current global fiat system is destined to crash and fail at some point int he next year or two - then you have your money in a place that will still have value, and actually may explode in value, once they start having bank holidays, and people start fleeing to safe haven currencies like gold, silver, and now bitcoin.

So for me, after a brief learning curve, that I feel I'd have to go through sooner or later anyway, I'm actually currently holding and spending bitcoins pretty much with ease.  I expect as I get my system and kinks out, and as the bitcoin/cryptocurrency infrastructure system improves, int he end it will be just as easy as spending dollars ever was - maybe easier.

The simple answer is: No you don't. You just need to buy and hold bitcoin, wait for its price to rise 10-100 times and sell a little bit for fiat money, then you can happily spend your fiat money with whatever debit/credit card

It doesn't have any natural advantage in day to day use and its certainly easier to use card or cash in those situations. Where Bitcoin shines is the ability to transfer across borders almost instantly, and able to store it securely. No other option will have you store your own money, you will be relying on 3rd party unless you stuff gold bars in your mattress.

-When i'm ordering from fasttech, for example, i get more bonus when paying with bitcoins, and payment is instant, so i don't understand your
 point of "wasting time, or having to wait". Same thing applies to many other merchants and services.
-Merchants love bitcoin because they have no fee's attached to it or they are minimal.
-I use bitcoin to store my funds, where noone can touch it (See examples of what happened to Greece, and before that Cyprus). Your fiat money on the bank account can be frozen in a second tho..
-Bitcoin by it's structure is created to likely move upwards in price with time, so i invest, and use it as a store of value
-Bitcoin has a limited supply of 21 million, while fiat has infinite supply, meaning that fiat MUST devaluate proportionally with time, compared to non infinite resources/items/valuables.

What more does someone need to understand that bitcoin is the future?

I think bitcoin.org does not agree on that.


https://bitcoin.org/en/faq#is-bitcoin-anonymous

Or some other sources: http://www.bitcoinisnotanonymous.com/

for me I do like using it and I do think its very useful but not only
thats its a big time speculative play. A few of my friends have
never even sent a bitcoin they just bought a few to invest. So
you dont have to believe its the greatest thing to believe it can
double faster than most investments.

I see having bitcoins as a savings account as well as an investment. I want to stick with bitcoin on a long term, so that's why this is the best option for me.
As well as not having to depend on a bank or anything. I can move my bitcoins whenever I want without having a lot of time between transactions.

BitCoin? i only know Bitcoin.

because you can avoid taxes for small things , and because there are discount for you on purse for example

so double saving for your wallet, more than enough to use bitcoin, not to mention the known things, like low fee, faster sending(does not confuse it with faster transaction...), i mean you don't need to put crap details like ccv and akin...

I use bitcoin because I am in control of what happens to it, I am responsible for keeping my bitcoins save.

I don't have to rely on a bank to do this for me. By just holding bitcoin, I could make more profits in the long run rather than having my money on a savings account.

To me I use bitcoin as a savings account by investing in it. When I need fiat, I can exchange at any point.

Simple comment but actually real. That is reality having bitcoin is like having something that you want secret. You want it to be yours only not being controlled by anyone. And that is what bitcoin can provide to you. An anonymous human but with money.