Topic: Why should people use Bitcoin? - page 163. (Read 122125 times)

a lot of things is to be advantages bitcoin. seperri speed shipping transactions dannjuga low cost fee. if I am given the option to use real money or bitcoin. my answer is bitcoin.

thats true i really like that it allows people to transfer their money really easily and fast without waiting any time, it only requires some time for getting confirmations and thats it

i think people should use their bitcoins in order to make some profit in a longer run because if you hold your bitcoins you will most probably benefit a lot in the near future

Majority of people are attracted toward it because of the involvement of low fees as its quiet cheap in compare to other systems and your money is accessible to you 24/7.

In addition, Bitcoin isn’t inflationary, Bitcoin has fix amount not like regular fiat currency where central government can just print it if they feel they wanted to and inject it into the economy, via much publicised process known as quantitavie easing which causes the value of a currency to decrease.   Further more, Bitcoin will take more than century to be fully mined.

i don't care that much about the anonymity of bitcoin but is its always good to know it is there and i can protect my privacy with it but other things about bitcoin is so important for me. things like decentralization and fees which are two of the best features in my opinion.

you're right, I like bitcoin because it does not cost that much time delivery, even if you send bitcoin in significant amounts. I really like the advantages of it. maybe people should use bitcoin transaction, because bitcoin has processed transactions fast and good.

Yeah but sometimes it need long time to get just 1 confirmation, especially when you put transfer fee lower than recommended.

Its not that anonymous, you could track someone wallet and could know how much the balance in the wallet.

Yeah, you controlling your own money. Thats one of beautiful sides of bitcoin

Hi Blawpaw, I would like to share the article that I have read it says that there are 10 good reasons why it’s worth taking the time to get involved in this virtual currency. Here are some of it

It’s fast- When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.

It’s cheap- What’s that you say? Your credit card transactions are instantaneous too? Well, that’s true. But your merchant (and possibly you) pay for that privilege. Some merchants will charge a fee for debit card transactions too, as they have to pay a ‘swipe fee’ for fulfilling them. Bitcoin transaction fees are minimal, or in some cases free.

Central governments can’t take it away-Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help recapitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with bitcoin. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unravelling, that’s a big benefit.

There are no chargebacks-Once bitcoins have been sent, they’re gone. A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.
2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.
3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

My opinion is. Using Bitcoins increases its prevalence. The interest in it is growing among ordinary people and among government agencies. Increased interest in this study. The study is to improve technical competence. But the actual technology literacy is the technical development and new technologies. Already there are a lot of ideas how to use blokchain in various fields.

For convenience and for control over money, people can use that as a motivating factor in using bitcoin. And not only can they use it for paying bills and services and buying stuff, they can also make money from it.There's a lot to love with bitcoin and more people will come to know and realize just what bitcoin can do to them.

Yeah I agree with this

It depends on what kind of transaction you are doing. If you want to buy goods or something else in real life, it still easier to use fiat for now, because you dont need few mins even hours to wait the confirmation of your tx.

You still can earn fiat by clicking ads, and fiat also has many ways to be earned.

internet almost covering every single country on the world,from tier 1 till tier 3, for those who don't being covered yet,it's just about a time,this limitation is not going to be a problem in the future

People should use the bitcoin because its better for payments and they can control their own money so that is also making it very nice in my opinion.
I really think its worth using the bitcoin these days.

For one thing, it's an easy and quick way to transfer money quickly anywhere around the world with little in fees. It's also a way to store money without the use of banks and control of the government.

People should use it because you can easy pay with it, its profitable and last but not least its globally usable all over the globe!!

People should use bitcoin cause bitcoin has a small transaction fee not like other currency, Bitcoin is also easy to use, You can earn money by only clicking ads or putting ads to your website, And bitcoin has many ways to earn

well, nowadays even countries that we consider to be third world countries get a much better internet experience compared to how it was before. if the people there buy themselves a cheap smartphone that will allow them to run a light version of a bitcoin wallet, then look at how quick the nr of active users will grow. no more excuses. start using bitcoin to make a change in the world.

People should use the bitcoin because of the fact that the bitcoin has a very good worth in my eyes and due to that they should use it to make some profit and it has a lot of advantages.

yeah, bitcoin is limited to those areas where internet is available, but still we cannot say that bitcoin access is limited as it is not the problem of bitcoin that in areas internet is not available.