Why it is better to buy things with Bitcoins rather than another currency? - page 3.

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: Woshib on June 25, 2016, 12:09:49 PM

I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

I think bitcoin has the advantage, compared to other currencies. That is, as you mentioned above faster, low transaction fee, instant and painless. But I think there are still many more people who use fiat money instead of using bitcoin, because they taste fiat more simple and reliable. Thank you

European Central Bank

legendary

Activity: 1288

Merit: 1087

other than spending after a radical price rise i can't really think of any advantages other than feeling pleased with yourself to be part of the future. i don't buy digital goods usually but that's probably the best for speed and ease. i'm usually stuck putting my address in and stuff.

helloeverybody

legendary

Activity: 1008

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: prtty2gal2 on July 08, 2016, 04:17:00 PM

As a personal opinion, buying with bitcoins is more beneficial for me because when the price of bitcoins hit at a high value at a time and went to buy at that time, I'd be somewhat saving money when the value drops even for a little bit.

Do you not prefer just holding onto bitcoin and letting the value go up? Id like to spend bitcoin but when ever i do which isn't too often but i do from time to time, i have to buy more to replace what ive just spent. Theres a certain level i don't like to drop below.

PsursV

full member

Activity: 196

Merit: 100

because by using bitcoin you do not need to convert bitcoin to any other currency. because bitcoin is a universal currency having equal value in all over the world. therefore no need to convert it to any other currency.

Kprawn

legendary

Activity: 1904

Merit: 1073

I guess Bitcoin enables you to make borderless micro payments and that might be the edge you are looking for. Just imagine sending a fraction of a cent to someone living in another country... it is not

possible, but with Bitcoin you can send a few Satoshi's if you want. The fees associated with current transfers of other currency and conversion fees, makes micro payments basically impossible. So this

will be my choice, if I have to use Bitcoin for something other currencies cannot do. Grin

prtty2gal2

hero member

Activity: 1092

Merit: 523

As a personal opinion, buying with bitcoins is more beneficial for me because when the price of bitcoins hit at a high value at a time and went to buy at that time, I'd be somewhat saving money when the value drops even for a little bit.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: klaaas on June 25, 2016, 02:22:51 PM

my bitcoins cant get frozen, my bank account can be get frozen or limited by goverments and/or banks.

More reasons i can come up with but this one will get a top3 spot noted

to be honest your bank would not be frozen if you done anything right and don't break your local rules,maybe you use bitcoin to do thing which is possible to be done through your locals,that's the advantage of bitcoin to be honest,but seems avoiding it would be better

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

it is about many of bitcoin's features that makes it better than any other currency.
for me most of it is about the fast speed and the cheap transactions. but also i care about the fact taht bitcoin is decentralized and i can handle everything from holding it to spending it.

avikz

legendary

Activity: 3080

Merit: 1500

It is not wise to buy things using bitcoin instead of other currency. Always use fiat currency if you want to buy your daily groceries or mobile recharge kind of stuff.

Because bitcoin has a huge upside potential that any other currency. Since it is decentralized, bitcoin price can grow to any extent within a short period of time and even can fall to any extent. Seeing its popularity, it can be assumed that bitcoin prices will grow in the long run. So why waste it??

universe_

sr. member

Activity: 448

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: dearbesz1219 on July 07, 2016, 07:51:23 AM

It is because majority of the online advertisement they know that Bitcoins is a well known digital currency.
And most of the time they accept it as mode of payment to there business. Cheesy

well not a lot of online companies accept bitcoins at the moment and i think we will need to wait for a while until more of them will be accepting bitcoins payments, i think it is better to buy with bitcoin as it is easier

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: PeRo on June 25, 2016, 12:17:13 PM

Like you have said, it's much faster, cheaper and available for everyone(not for some countries). I also like it because if you are i a poor country you can use Bitcoin instead of PayPal and similar stuff. And it is easy to earn, you can earn money just here, in this forum.
Probably the only downside is that not much shops accept Bitcoin. But that will maybe change in the future.

There are no any issues in Transactions; it is very easy and fast that is why I like Bitcoin. But I have not seen shoppes that can accept Bitcoin as their payment. I heard that in only UK people have a chance to shopping with this Bitcoin. In my country, Bitcoin is illegal currency, so I don't have an opportunity to buy anything from Bitcoin.

Schuyler

hero member

Activity: 518

Merit: 500

Quote from: helloeverybody on June 25, 2016, 02:04:16 PM

Unfortunately ive given up on the whole bitcoin as a currency thing ever since this blocksize debate, i know we have segwith on the way or implemented in the next update but ive accepted that bitcoin isnt going to be a currency to buy things with. What it is good at is being a store of value much like gold but better. And as a store of value i would expect the price to rise with demand as a good investment.

I think you are giving up too soon on the promise of bitcoin as a currency. It might have its flaws here and there but we must still make it a point to contribute in bitcoin's function as currency. I agree with you that it can be a store of value, and indeed a nice form of investment but we must also consider other functions of bitcoin.

dearbesz1219

hero member

Activity: 924

Merit: 500

It is because majority of the online advertisement they know that Bitcoins is a well known digital currency.
And most of the time they accept it as mode of payment to there business. Cheesy

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: neochiny on June 25, 2016, 04:09:04 PM

Quote from: Woshib on June 25, 2016, 12:09:49 PM

I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

i dont think you can compare bitcoin with other currencies, bitcoin has its own system, yes bitcoin is cheap when you buy
things with it but it is not available for everyone and it still not that popular yet to be use and accepted in most store. as
for now those that you mention are one of the advantages of btc but if you compare it to other currencies you will see a lot
of disadvantages of bitcoin.

Agreed, and no doubt bitcoin is the best digital currency at a moment but its not that popular, as very few sites accepts it as a mode of payment, but I don't prefer to use bitcoin for online shopping as shipping costs are too high for me.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: Woshib on June 25, 2016, 12:09:49 PM

I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

i dont think you can compare bitcoin with other currencies, bitcoin has its own system, yes bitcoin is cheap when you buy
things with it but it is not available for everyone and it still not that popular yet to be use and accepted in most store. as
for now those that you mention are one of the advantages of btc but if you compare it to other currencies you will see a lot
of disadvantages of bitcoin.

vero

hero member

Activity: 518

Merit: 500

Quote from: Woshib on June 25, 2016, 12:09:49 PM

I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

not all businesses that accept bitcoin provides higher prices there are even some online stores that deliver cheaper prices. I think bitcoin better than any other currency because its value is fluctuating.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: avikz on June 25, 2016, 02:12:11 PM

It is indeed a very very bad idea to buy things using bitcoin instead of other currency.

It is never a good idea to spend bitcoin to buy your daily groceries or mobile recharge. Bitcoin should be considered as an alternate investment option.

If you are using bitcoin to buy daily groceries, then you are loosing a big opportunity to become rich.

I can agree with this, it is probably a better idea to wait with your Bitcoin for a relatively long period of time and then make your fiat money off of it first, and then once it gets accepted and a lot of people start using it and the value eventually starts to stabilize, then it might be acceptable to spend your Bitcoin on more normal things. I, for one, would certainly be avoiding most of the expenses I can with my Bitcoin.

yenxz

sr. member

Activity: 294

Merit: 250

Quote from: klaaas on June 25, 2016, 02:22:51 PM

my bitcoins cant get frozen, my bank account can be get frozen or limited by goverments and/or banks.

More reasons i can come up with but this one will get a top3 spot noted

great opinion,i'm also have same problem if use banks account,and never have same problem if use bitcoin as payment or storing asstes. and also bitcoin have low fee,if use bank acount i should pay $0.5 for transaction,but with bitcoin only $0.05

klaaas

hero member

Activity: 1568

Merit: 544

my bitcoins cant get frozen, my bank account can be get frozen or limited by goverments and/or banks.

More reasons i can come up with but this one will get a top3 spot noted

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: Woshib on June 25, 2016, 12:09:49 PM

I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

It depends on your technical definition of what is better because of what reasons, but Bitcoin is better for producers because of the seller security due to the lack of charge-back capabilities, however, it does take a somewhat long time to confirm the blocks and get the transactions to start being confirmed so that they won't be tampered with.

It all comes down to pros and cons that have been listed multiple times before.

Topic: Why it is better to buy things with Bitcoins rather than another currency? - page 3. (Read 2553 times)