Topic: Why use Bitcoins ? - page 52. (Read 13347 times)
Mate you are taking it wrong, i agree that the use of currency is to use it anywhere like buying groceries and other stuff etc. but digital currencies are not much widely used for these purposes because even today majority of the world is not using it and many of them don't even know about it. However its popularity is increasing day by day due to which its price is elevating, this increasing price can give benefit to any average person who is using it.
I use bitcoin because it is very easy to use in doing what I want, and can be used to buy goods online.
We should use bitcoin because it is an opportunity for us to earn more money in investing our real money into bitcoin because bitcoin has this thing called volatility and that is an advantage if you are a smart user because you can easily do trades to earn money without waiting for a long period of time like what most of the scenarios in stock market.
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value
Because bitcoin value rises from time to time and it is pretty convinient. With just saving it you can also gain more when the value rises. And with that I choose bitcoin more than any currency.
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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 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.
-The average consumer who gets to use bitcoin could enjoy the benefits of using bitcoin and having easy access to recreational activities like gambling without sharing much of their personal details(KYC)
-The average consumer will pay less when transferring a huge amount of money which is why they need to use bitcoins
bitcoin is king on all coin. It's easy way exchange.Use Bitcoin to pay quickly, earn money to get rich, or simply testify to what people are saying about the magic of Bitcoin.
It is where alt coins originated and why bitcoin? it's not just because it's the king of all coins. It's the most popular and it is the one that started crypto transactions. Everything is starting to be fixed with bitcoin so there's no doubt that it is a good way to save from those usual way of sending money and having deals with people offshore.
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 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.
Bitcoin was not designed in the way you are describing it. Bitcoin was not made for people to use it to buy groceries and everyday spending with. It is meant as an investment option, similar to gold. Bitcoin is also fairly anoymous, especially if you use multiple addresses. Think of bitcoin as gold and compare them. They re both investments but Bitcoin has the abilibity to be spent online.
I agree, at this time, you cannot use bitcoin for paying groceries and other small stuff that needs instant payment. It is preferrably used for big transactions like trading and investments. Since bitcoin is volatile, it is more advisable if you invest bitcoin.
Correct. Currently with the fees problem, we cannot used bitcoin for micro payment scheme. It may defeat the purpose of bitcoin, but I honestly it will succeed once the high fee will be resolved. So bitcoin right now is for the big boys, specially in the field of trading and investment because the price is very high. Again, if the features will improved in the near future then bitcoin can be used to buy online or even in groceries. But that remains to be seen.
Good explanations, current situation bitcoins cannot use to buy stuff in the groceries or markets which we are using day today. however, it can be used online in the investment.
Well I'm confident after the issues with small block size are able to be resolved hopefully August 1 then with a faster confirmation and low transaction fees Bitcoin will become useable on a daily basis and these grocery merchants will start accepting them.
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 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.
Bitcoin was not designed in the way you are describing it. Bitcoin was not made for people to use it to buy groceries and everyday spending with. It is meant as an investment option, similar to gold. Bitcoin is also fairly anoymous, especially if you use multiple addresses. Think of bitcoin as gold and compare them. They re both investments but Bitcoin has the abilibity to be spent online.
I agree, at this time, you cannot use bitcoin for paying groceries and other small stuff that needs instant payment. It is preferrably used for big transactions like trading and investments. Since bitcoin is volatile, it is more advisable if you invest bitcoin.
Correct. Currently with the fees problem, we cannot used bitcoin for micro payment scheme. It may defeat the purpose of bitcoin, but I honestly it will succeed once the high fee will be resolved. So bitcoin right now is for the big boys, specially in the field of trading and investment because the price is very high. Again, if the features will improved in the near future then bitcoin can be used to buy online or even in groceries. But that remains to be seen.
Good explanations, current situation bitcoins cannot use to buy stuff in the groceries or markets which we are using day today. however, it can be used online in the investment.
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value
Because bitcoin value rises from time to time and it is pretty convinient. With just saving it you can also gain more when the value rises. And with that I choose bitcoin more than any currency.
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.
This is the reality in the Bitcoin field that we always need to pay a fee of 0.3 to 1$ already in the current time and also needed to get confirmation time to consume , so that the person who is accepting Bitcoin as a payment make himself sure that the fund he received is confirmed exactly and no chance to reverse .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.
And also we can't use Bitcoin to make buy sell.of small small amount of things because we will face Double the price of that thing .
But still here you should think that there are many third-party services ( better example is zebpay) where they are giving directly Mobile recharge , gift card , and many other options which are transaction fee free , so may be in the future we will get a type of the technology by third party where we can use Bitcoin free of transaction fee by wallet to wallet ( of third party ) .
And also there is not only a fee problem but also have many advantages like to convert one country fiat to another country easily .
So here now my question is that why we should not use Bitcoin .
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 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.
The main function of bitcoin is to serve as a storage of your wealth, while having its value increasing as time pass by. Now why should the average consumer use bitcoins? It's because bitcoin transactions are much faster compared to ones using regular cash when buying goods and services, and the transaction fees are low, or free in some cases. It is actually more convenient and easier to use. And if you want to, you can convert it into fiat money anytime.
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value
Because bitcoin value rises from time to time and it is pretty convinient. With just saving it you can also gain more when the value rises. And with that I choose bitcoin more than any currency.
Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value
As simple as that, bitcoins for me is bot meant to be a day by day currency. It is more an investment money, but if you really need money you can exchange it anytime you wanted to. But you you didn't, just store it and wait until the value rises.
bitcoin is king on all coin. It's easy way exchange.Use Bitcoin to pay quickly, earn money to get rich, or simply testify to what people are saying about the magic of Bitcoin.
It is convenient for me to keep my savings in bitcoins, which I earn on different campaigns. Then I still translate them into another currency.
Yes we can buy everything with bitcoin. But it is easier at that place where bitcoin is valid in a place where we are buying some goods. Because there is no taxes on that so we can say that it is more easiest way to buy thing with bitcoin where bitcoin is accepted by a service. If it is not valid then simple we can convert bitcoin to fiat money easily. Some very interesting Trivia:
Under the ISO standard, non-national currencies are designated by an X (no nation) followed by a two letter code. This can be precious metals, such as XAG (Silver), XAU (Gold), or XPT (Platinum). It can also be international currencies, such as XAF (African Francs), or XCD (East Caribbean Dollars).
Bitcoin is represented officially as XBT under the ISO standard. X (no nation).
Bitcoin has NO NATION...No President. No BORDERS! No Affiliation.
Cool enough? 😎
Under the ISO standard, non-national currencies are designated by an X (no nation) followed by a two letter code. This can be precious metals, such as XAG (Silver), XAU (Gold), or XPT (Platinum). It can also be international currencies, such as XAF (African Francs), or XCD (East Caribbean Dollars).
Bitcoin is represented officially as XBT under the ISO standard. X (no nation).
Bitcoin has NO NATION...No President. No BORDERS! No Affiliation.
Cool enough? 😎
That is cool, Global.
Bitcoin is actually a commodity stuff and not the currency to really buy grocery for house. The hype that you listen over the forum is because of big brands which are trying to equip the bitcoin payment processors. This is just their side that they want to get paid in bitcoin or have bitcoins for further development.
The real fact is bitcoin stands as asset to hold fiat money to get profited in the same way you would put your money collectively into gold.
The real fact is bitcoin stands as asset to hold fiat money to get profited in the same way you would put your money collectively into gold.
Bitcoin is durable, easy to use and reasonably safe, plus ever-increasing prices, the price reduction is not very significant, but the increase is very significant, so bitcoin provides many benefits
Some very interesting Trivia:
Under the ISO standard, non-national currencies are designated by an X (no nation) followed by a two letter code. This can be precious metals, such as XAG (Silver), XAU (Gold), or XPT (Platinum). It can also be international currencies, such as XAF (African Francs), or XCD (East Caribbean Dollars).
Bitcoin is represented officially as XBT under the ISO standard. X (no nation).
Bitcoin has NO NATION...No President. No BORDERS! No Affiliation.
Cool enough? 😎
Under the ISO standard, non-national currencies are designated by an X (no nation) followed by a two letter code. This can be precious metals, such as XAG (Silver), XAU (Gold), or XPT (Platinum). It can also be international currencies, such as XAF (African Francs), or XCD (East Caribbean Dollars).
Bitcoin is represented officially as XBT under the ISO standard. X (no nation).
Bitcoin has NO NATION...No President. No BORDERS! No Affiliation.
Cool enough? 😎
Bitcoin is not only a vessel to store value but it's also really useful in the remittance industry. I can send 100,000$ paying a mere 4$ in fees with Bitcoin while it would cost me 3000$ with PayPal and I'd take some risk to do the paypal transaction while doing the same thing from a traditional bank would cost some money,time & would probably raise questions.
No doubt that bitcoin settles a big improvement and development on the past few years. So having the capability to used bitcoin is quite a big thing to do nowadays because it has a easy form transaction which reliable and easy to used. And of course it price and value serve as an investment because it happens that it price is much more inclined to the support of its users making its value , transaction and security to developed. So having an opportunity to used bitcoin on a daily transaction and investment is a privilege because it can help on ones development and can serve as a source of income. Jump to: