Topic: Why use Bitcoins ? - page 39. (Read 13347 times)

First point I dont agree. While it is true that buying bitcoins in certain exchanges from fiat money can be expensive. Here in PH the company that allows for liquidation of bitcoin to fiat will really rip you off. The margin is too wide, but given the fact that bitcoin prices tend to surge, in the long run you are able to save on cost and even make a little extra.

In terms of convenience bitcoin is definitely convenient. Given the fact that it is really easy to send and receive bitcoins because you can do it all online. So for people who are technologically aware it is definitely convenient. Right now the population of btc or crypto currency users rather may not be that high yet, but we are slowly seeing many countries integrate bitcoin into their economy by allowing businesses to conduct operations using bitcoins. There are now even usb wallets for cryptocurrency. I am pretty sure many companies are now developing technology to make crypto currencies more convenient and be able to reach a bigger market.

A core reason behind why I use bitcoin revolves around the concept of having a currency that doesn't have a central body controlling its distribution. The current existing monetary systems are not only controlled by a corrupt body, but also powered by a debt driven fundamental. It's not something I want to support, and bitcoin/altcoins are good way for me to show my support for change.

Mengapa menggunakan bitcoin? karena menurut diri saya menggunakan bitcoin akan mendapatkan uang banyak
dan lebih baik dari uang konfensional

why use bitcoin because bitcoin is big amount and is a universal coin and  in tading site bitcoin market is number one because  its too many altcoins.

People use bitcoins because bitcoins is a cryptocurrency and poeple know that with the help of bitcoins a person get more money and that money increase day by day and we get alot of money. That's why we use bitcoin to get more money and invest more in bitcoins.

By making use of bitcoin you will get yourself a lot of money and i think that bitcoin will have a bright future so a lot of people will invest in it.
I hope that bitcoin will keep growing so the value will rise and i can make more money out of bitcoin.

Use it for trading on many platforms too, invest more into bitcoin rather than gold or any other equivalent investments which have low profit rates. Take advantages of it being decentralized and leave the rest to time to reap higher profits without doing much.

he global interest in bitcoins has grown. So, it becomes extremely important to understand the base of this and all other forms of virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user.These can be purchased through an online exchange or a Bitcoin ATM. Landmark feature of a bitcoin is that it can curb the chances of fraud and identity thefts, and hence is considered a safe mode of holding money.Bitcoins allow buying of goods and services online, as well as transferring money.

Below are a few benefits of using bitcoins which make it better than any conventional currency:

Bitcoin is digital and decentralized – With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.
Ease of online shopping: As we already know, Bitcoin can help us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money.
Less volatile than cash: Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online.
No real way of keeping a track of conventional currency- The underlying technology behind bitcoin, which is, blockchain is what makes or breaks it. Thousands of computers in a distributed network use cryptographic techniques to create a permanent, public record of every single Bitcoin transaction that has ever occurred. This record will be very valuable for various things besides tracking payment. While there is no real way of tracking cash.
Great tool for investment- Bitcoin can be used all over the world without going through a conversion process. It is considered at par with Gold and combines the best of cash and gold while providing an open market and no restrictions imposed by banks or governments.
Bitcoin is peer-to-peer and open, yet secure and nearly frictionless - Bitcoin allows exchanging value over the internet without any intermediary and gives its users access to their balance through a password known as a private key. So it’s private, secure and at the same time,open.   
Duplication impossible - There is no way of duplicating a bitcoin, unlike cash.
Great way of maintaining records for tax purposes: Once transferred, a bitcoins’ ownership also gets transferred. This means that two people cannot be transacting on the same value and this will help keep records healthy and simpler, especially for tax purposes.

At this point in time there aren’t many reasons to convince someone to use bitcoin instead of cash. Cash is accepted by virtually everyone, it can be transported short distances physically with almost no hassle, and it’s an easily graspable concept.

Now I said there aren’t many reasons, but there are a few big reasons. The first is that bitcoin is decentralized.

Bitcoin is the most popular and valuable currency at present. For many reasons people use Bitcoin. At present, Bitcoin is the most profitable investment. The way Bitcoin prices is growing up. many people are interested in using bitcoin. And another advantage of using Bitcoin is that  transactions are very easy , Safe and low fees.

There are many reason why to use bitcoin the main reason for me is bitcoin gives me a kot of profit that i need to soend every end of the mo th to pay those bills you will learn more about the cyrpto currencies in trading materials and also you will learn some new ideas on how you can handle situation in kind of crisis these things will test your patience on how long you can take without these you will no linger earn bitcoin.

For me i view Bitcoin primarily as hopefully a store of value, away from the banks and perpetual currency devaluation.   Other things can be built from there, an non-decentralised paypal-esque coin has no appeal as i just don't see any real advantages over our current system of fiat.    Its my hope that when the next crash comes (and it will, even if it ends up being delayed) it might be developed enough to offer an alternative.   

There are so many reasons to using Bitcoin. My personal reason is to use Bitcoin it that I am an educated lady and well known about the flexibility of market. I read about Bitcoin on internet and I come to know that Bitcoin is digital currency that is decentralized. Then I start buying and selling Bitcoin and it gives me a lot profit. Bitcoin really change my life style.

The reason why I am using bitcoin is not different from the others users. Because besides I wanted to earn profit or money through bitcoin is that I also find bitcoin easy to use and easy for who wanted to learn it. As a student I always thought that I have an investment where I didn't invest any money just time and effort and I get to earn even though.

because online currency is better then cash handleing if we invest the money in bitcoin the value of the money will also increase

I absolutely agree with you and also think that, now, there are no reasons for an average consumer to use bitcoin. Bitcoin is already a trend but still most people don’t really use it. Probably things will change in some time as more shops, stores or any services will start accepting bitcoins.

Bitcoin provides financial freedom.It can allow you to be your own bank. Bitcoin is simultaneously an open financial protocol and a currency required in order to transact freely on the protocol.

BITCOIN for me is the future of digital currency. I believe someday, it will soar higher than what we could see it now. As the time goes by, more and more people will invest in BTC and other crypto currencies. We will see in the coming years! Let's hope for the best!

It's funny.  This thread could have been started in 2009 and would still be on point.

Unless you earn bitcoin directly, there's no reason whatsoever to go out of your way
to buy it, just to spend it.  I get that point.  Then there's the issue of merchants not
accepting it.  Then there's the issue of transaction fees, which credit cards don't
have.  The list goes on...

I have spent bitcoin on things, mainly because I got those coins from a sig campaign.
But Johnny Funkbombs on the street doesn't earn money that way, so he has no
reason to want to own it or to spend it.  Bitcoin should be kept like precious metals
are kept.  Or the way stocks are held.

Base in our generation, bitcoin is made of internet generation. So it the all transaction was very fast and easily. It may be procedural but not like the other. Example using the credit card it more step to do but in bitcoin was not and our time was reduces also.Bitcoin is provide financially freedom and it secured.