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Topic: Why use Bitcoins ? - page 49. (Read 13374 times)

full member
Activity: 756
Merit: 101
August 19, 2017, 11:38:50 AM
Bitcoin is very popular now, people buy it, it grows, good earnings in one word
sr. member
Activity: 392
Merit: 292
July 31, 2017, 11:17:39 AM
Why use Bitcoin? Because bitcoin is easy to use and lots of investment land is easy to convert into money for ourselves.

Well as of now? Its still not considered as 'easy' as you think it is. Although many people are investing more and more to bitcoin (because of its potential) there are still boundaries when it comes to its utilization, thus there are still many flaws in Bitcoin that needs refinement.

As what you're saying now is not using Bitcoin at all, its just like you're treating it just to make Fiats.
hero member
Activity: 1036
Merit: 500
July 29, 2017, 03:52:58 AM
Bitcoin is the same as gold. Same as investment. Bitcoin can be used and shopping online easily.i using bitcoin. 
The majority of people use Bitcoin in that way, Bitcoin is a very amazing digital currency, payments made easy by the presence of Bitcoin.
sr. member
Activity: 378
Merit: 250
Embrace change
July 29, 2017, 03:43:31 AM
Bitcoin is a cryptocurrency. It allows me to pay an online transaction immediately. I use bitcoin to pay my light, internet and cable bills. When I'm hungry, bitcoin allows me to order the best pizza in town straight delivered to my doorstep without any added rate.

These days, I realize why companies put their names in ICOs. It's their way of making a change. Instead of cash or credit card, they will use cryptocurrency as their token. This way, all transaction are recorded in a blockchain. No one can attempt to change anything.

Have you heard of IMMLA? If not, it's one of the many start-ups to put a campaign in ICO. Yet, they'll use of ethereum instead of bitcoin. Anyway, bottomline is, they make use of cryptocurrency to build a decentralized system over cargo shipping industry. Details here: goo.gl/qeK3mQ As I see it, they will have two rounds of initial coin offering. The first is still on-going and will end tomorrow. The second will be on September. It's a great plan, right?

I'm hopeful they're going to use bitcoin for their second ICO. I have nothing against ethereum butstrategic-wise, they might pull-in more people, especially the B2B companies, to contribute if they'll use bitcoin.
legendary
Activity: 3038
Merit: 1169
July 29, 2017, 03:32:04 AM
A lot of ppl prefer payments through btc instead of things such as paypal because paypal can be charged back

I think there is a transaction fee regarding bitcoin transactions, and I think if paypal would not do it they will not surely profit regarding how much needed in the transaction, I think the transaction fee in bitcoin would be regarding on what kind of wallet you are using, but yes transaction fee towards bitcoin is more cheaper than paypal, and regarding this I certainly have some issue's while using paypal.
Regarding to the transaction issue with the paypal and bitcoin I prefer the bitcoin because the transaction with bitcoin is completely anonymous although you can trace it but the person it self that make the transaction is untraceable, So in overall the bitcoin is better with the paypal in terms of speed and fee and in addition in paypal you can get back you money so it is not advisable for me.

Yes I also prefer bitcoin transaction more than paypal, but for now the transaction most online merchant prefer right now is paypal more than bitcoin, and that is an annoying part of it, and I think the part were you said that you can get back your money on paypal is if the transaction is not successful, and there is more issue on paypal than bitcoin, I have own a paypal account once and when I have known and own a bitcoin I disregard my paypal account because bitcoin is more convenient than paypal.
sr. member
Activity: 882
Merit: 251
July 29, 2017, 03:21:41 AM
Why use Bitcoin? Because bitcoin is easy to use and lots of investment land is easy to convert into money for ourselves.

Not only that Bitcoin also you can use to buy something online and offline, for now there are many online stores that receive payment from Bitcoin.
Yes this is the usage I like about bitcoin that until now I keep using that we can buy things online. One more thing I use bitcoin because even Im anywhere I can access it just to pay bills and sending payment which I like is the fast transactions. And ofcourse I can earn money and I can convert into fiat.
hero member
Activity: 1036
Merit: 500
July 29, 2017, 03:09:05 AM
Why use Bitcoin? Because bitcoin is easy to use and lots of investment land is easy to convert into money for ourselves.

Not only that Bitcoin also you can use to buy something online and offline, for now there are many online stores that receive payment from Bitcoin.
sr. member
Activity: 854
Merit: 252
July 29, 2017, 12:20:06 AM
I'll tell you the usages and features of bitcoin, for you to find out why you need to use it.
First here are the reasons:

Bitcoin usages:

1. Money transfer
2. Shopping online
3. Billing payments(water bill, electric bills, Phone bills)
4. Travel tour

Features of Bitcoin:

1. Decentralization
2. Security
3. Savings

I guess this things would help you out for your own question.
good day Wink
hero member
Activity: 1582
Merit: 523
July 29, 2017, 12:02:56 AM
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value

Bitcoin is a currency that we use like an atm. People do whatever they want to do by bitcoin.
Bitcoin is an online currency were we can invest our money,. And we can earn from bitcoin by investing, trading and a lot more. Because bitcoin has its fluctuation of the price thats why most people use bitcoin. There are many ways why we use bitcoin, for transactions, to buy commodities online and a lot more.
full member
Activity: 334
Merit: 102
July 28, 2017, 11:20:09 PM
Why use Bitcoins ?

I keep seeing threads on “why don't people” ? The real question to me is Why would they ?

-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.

I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.   

I also have interest with bitcoin so its not that hard to answer why people should use bitcoin.

Bitcoin has many advantages as cryptocurrency. And that's why it is good to use. You just need stable internet and you can operate it. It is not hard to understand and easy to carry. It can prevent hold-up or any crime such as theft.
hero member
Activity: 700
Merit: 500
July 27, 2017, 11:22:02 PM
there are like a lot of points I can tell of why should people use Bitcoin. I will start by it gives you to be free from rules and regulations and you can use bitcoin for anything no matter they are legal or illegal. you can store an unlimited amount of money and you can have the most possible lowest money too. you can see others transactions and their balance. you can use Bitcoin everywhere even in any app or website. there are a lot of possibilities which you can not get with your local money.

Bitcoin could change our lives by becoming our source of income, bitcoin helps us on many aspects in life. For example is this financial problem that most of us are having nowadays because poverty is the one of the bigger problems that we do have in this world right now. So, doing bitcoin is a pretty good idea to be the solution on this problem.
sr. member
Activity: 602
Merit: 254
July 27, 2017, 11:00:05 PM
there are like a lot of points I can tell of why should people use Bitcoin. I will start by it gives you to be free from rules and regulations and you can use bitcoin for anything no matter they are legal or illegal. you can store an unlimited amount of money and you can have the most possible lowest money too. you can see others transactions and their balance. you can use Bitcoin everywhere even in any app or website. there are a lot of possibilities which you can not get with your local money.

The advantages of bitcoin when compared with fiat currency certainly provide advantages and convenience for users, but so far bitcoin transactions always depend on internet connection and electric current and maybe on the basis of this that causes bitcoin seems unlikely to be global currency.
sr. member
Activity: 530
Merit: 250
July 27, 2017, 10:57:42 PM
Bitcoin is used to gain profit From profits can be used to buy needs, Not like you said bro

For the benefit of the people are using bitcoin
sr. member
Activity: 406
Merit: 250
July 27, 2017, 10:16:04 PM
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value

Bitcoin is a currency that we use like an atm. People do whatever they want to do by bitcoin.
legendary
Activity: 1274
Merit: 1004
July 27, 2017, 02:08:12 PM
there are like a lot of points I can tell of why should people use Bitcoin. I will start by it gives you to be free from rules and regulations and you can use bitcoin for anything no matter they are legal or illegal. you can store an unlimited amount of money and you can have the most possible lowest money too. you can see others transactions and their balance. you can use Bitcoin everywhere even in any app or website. there are a lot of possibilities which you can not get with your local money.
full member
Activity: 250
Merit: 100
July 27, 2017, 01:32:42 PM
Why use Bitcoin? Because it is easy to use and lots of investment land can be converted into money, and bitcoin also provides many values and benefits.
hero member
Activity: 994
Merit: 502
July 27, 2017, 01:29:14 PM
Why you use bitcoin?  First of all, it is not necessary to use it, if you want to earn money than sure you need to use bitcoin. But in bitcoin we have a lot of choice to use it and to earn it in a different ways. Because bitcoin has a great character on online world. In short, i will telling you, bitcoin is only made for online people, if you are also doing work on online world than sure you know the benefits of bitcoin. 
Just because of its virtual presence without any physical form people feel same as the above mate that bitcoin is mainly for people who are active on online activities. I never believe in that, because what people get from bitcoin offline usage is same as that one get from online. There is no difference in value, only the change is felt upon the earning possibilities which is available much online.
full member
Activity: 197
Merit: 100
July 27, 2017, 01:24:01 PM
Why use Bitcoin? Because bitcoin is easy to use and lots of investment land is easy to convert into money for ourselves.
full member
Activity: 126
Merit: 100
July 27, 2017, 01:12:47 PM
Bitcoin is the same as gold. Same as investment. Bitcoin can be used and shopping online easily.i using bitcoin. 
sr. member
Activity: 714
Merit: 252
July 27, 2017, 08:45:55 AM
Bitcoin is lessly used as a currency but mostly used as a side earning platform. People earn some bitcoins by trading, mining, gambling, investing, etc. Many people here prefer bitcoins rather then fiat and so do i. Using bitcoin is profitable due to its unstable price. Imagine if you just purchased 100-200 bitcoins in 2009 then what be the price for it now. Thats why we use bitcoin in short way.
Now more people are looking to invest when using bitcoins. They benefit greatly from this action. As you said that when we buy bitcoin in 2009 then we will benefit if it sells at this time. This is the main factor at the moment that makes bitcoin more attractive for use both for currency or as an investment.

Bitcoin is the only asset that can be invested at any time through your life and still it can get you big profits. Just imagine though if you put the money on bitcoin today at BTC = $2500 then also you will earn profits in next five to ten years. Why? Because the leap of 2009 to 2017 will repeat itself once again and it will keep doing that forever. This is possible with changing technology and our ASIC's getting more smarter in solving the equations of blockchain technology. Most people think bitcoin as "money thing" but they don't really know how and what affects the price of bitcoin. The advancing technology is very first factor that will affect the price. However, this all concludes to one thing only that is, bitcoin is really good investment and many brands, food industries, automotive will accept the fact soon. It will help boost bitcoin economy and user base will rise too.
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