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Topic: Why would customers use Bitcoins? - page 19. (Read 133913 times)

hero member
Activity: 2128
Merit: 520
October 11, 2016, 08:01:52 AM
Bitcoin is tax free and thats why everyone attracted towards it.
that's one of the good thing for them especially if using it online but if we will put this in a perspective much better if business owners pay the tax because it would help their country's economy and btc will b much appreciated.
legendary
Activity: 2464
Merit: 1102
October 11, 2016, 07:45:58 AM
I don't know about others but I am using it for trading and gambling from where I can make some quick bucks in quick time, sometimes I loose too but that can be managed as I can recover them back.
newbie
Activity: 7
Merit: 0
October 11, 2016, 07:42:28 AM
Bitcoin is tax free and thats why everyone attracted towards it.
hero member
Activity: 658
Merit: 500
October 11, 2016, 06:33:19 AM
If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.
I think the banks are not going to freeze the account to someone without a reason? of course they have a reason. if you're a good person and not doing anything illegal. The bank system it would be very useful. yeah at least decentralization could attract few users
legendary
Activity: 896
Merit: 1000
October 11, 2016, 06:30:42 AM
If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

if you store all your coins offline in your own control, and don't make use of online wallets and exchanges to store your coins, then no one can freeze your coins or tell you what to do with them. there is no interference from anyone. it's just you and your coins.
hero member
Activity: 924
Merit: 1000
Lick me like a lolipop
October 11, 2016, 06:22:54 AM
If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

Yeah and with bitcoin we have control on our money and we have our own bank in the form of bitcoin wallet and we can access our funds whenever we want without the involvement of third party.
legendary
Activity: 806
Merit: 1000
October 11, 2016, 06:16:57 AM
If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.
hero member
Activity: 1246
Merit: 588
October 11, 2016, 06:01:11 AM
Simple you don't have to bring too much money. Especially when you do have a big transactions like purchasing a car, or any gadgets unlike FIAT. Isn't it hassle free shopping without bringing any amounts right? and one of the advantage also of using bitcoin is that if ever that you brought shall we say $4000 then get snatched with your smartphone you surely lose all your assets unlike using bitcoin in which you would only lose your phone.
sr. member
Activity: 686
Merit: 260
October 11, 2016, 05:40:54 AM
Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.
They are making a good job although they are not investing as I also believe that there are greater number of people who are just using bitcoin as a means to transaction online and in fact gamblers main interest are just to use bitcoin to gamble, that alone is a good sign to increase the circulation of bitcoin which is good for the economy.

Agree most of the bitcoin user is they are using bitcoins for fast transactions because literally bitcoin is a fast payment if yyou use it and agree gamblers use bitcoins as a bet in gambling! Use it to play dice games and other gambling games ! But most of here is they use bitcoin to earn money.
hero member
Activity: 756
Merit: 500
October 11, 2016, 05:33:06 AM
I'm acceepting and doin a different way of payments, like CC/Bitcoins by installments. For example, you buy something that costs $1000. I can divide this accepting the credit card payment (in 12x), than I cover the tax (16%) and resend the value in BTC to the buyer. So, the payment is attach and I release BTC just after the money is released to me by the CC company, witch takes just 48h.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
October 11, 2016, 03:58:44 AM
Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.
They are making a good job although they are not investing as I also believe that there are greater number of people who are just using bitcoin as a means to transaction online and in fact gamblers main interest are just to use bitcoin to gamble, that alone is a good sign to increase the circulation of bitcoin which is good for the economy.
sr. member
Activity: 280
Merit: 253
October 11, 2016, 03:58:21 AM
It really is a losing situation for any altcoin devs right now.

Except if the dev pumps his own coin  Wink I believe a lot of altcoin devs have this plan b baked into their designs. Most probably start out with a genuine attempt to create something different but if the coin doesn't catch on, instead of just losing everything they've invested, they can try to make some money from a pump and dump.
well it takes some money to create a pump and dump. and as a developer i would put my resources in my coin if i believe in it in the first place. so serious developers would have burned most of the money they had by the time they switch to plan b and would be in need of money to initiate a pump and dump.
sr. member
Activity: 298
Merit: 250
October 11, 2016, 02:42:53 AM
Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.
legendary
Activity: 1148
Merit: 1000
October 11, 2016, 02:34:45 AM
It really is a losing situation for any altcoin devs right now.

Except if the dev pumps his own coin  Wink I believe a lot of altcoin devs have this plan b baked into their designs. Most probably start out with a genuine attempt to create something different but if the coin doesn't catch on, instead of just losing everything they've invested, they can try to make some money from a pump and dump.
legendary
Activity: 840
Merit: 1000
October 11, 2016, 02:32:38 AM
it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.

Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.
how you could say that bitcoin is impossible to loose? people are loosing their bitcoin everyday. some of them loosing because of their own stupidity and some of them loosing because of their wallet hacked and bitcoin stolen. but the fact is bitcoin is also not 100% safe.
legendary
Activity: 1245
Merit: 1004
October 11, 2016, 02:21:39 AM
it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.
Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.

However, occasionally we get served that story of the lost Bitcoins fortune rediscovered on a second hand sale laptop. How comes?
hero member
Activity: 546
Merit: 500
October 11, 2016, 02:15:26 AM
it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.

Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.
sr. member
Activity: 244
Merit: 250
October 11, 2016, 02:11:34 AM
Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
Bitcoins can be used for almost everything and it depends abouit what people want to do with the coin you know we will never know
whwat everyone is doing with the coin becuase we wont know that.
sr. member
Activity: 364
Merit: 250
October 11, 2016, 02:11:27 AM
Since when are credit cards 0% fee ? I'm pretty sure you're talking about debit cards, because everything you buy from CC is basically debt that they bill you later on.
But anyways, that credit you have on your card can be taken away by bank/government at any time, whereas bitcoin is only yours to command.
Merchants actually dont like CC's , due to chargebacks and high fee they are paying to bank/commissioner company..
I dont know why people would use bitcoins maybe because you can do allot of things with the bitcoin and not only that you can also make money with the bitcoin
and allot of people loves to make moneyt dont you.
hero member
Activity: 840
Merit: 1000
October 11, 2016, 02:03:13 AM
One reason is that they do not want to have their name involved.
When they buy access to adult sites for example.
So guaranteeing the anonimity of a user is a way of advertisement that could be used much more to increase the interest for bitcoins in general.

It is like "legal illegal" way of buying stuff.
Legal because there is no law yet pertaining to this and illegal because, yeah, anyone can sell/buy illegal stuff through bitcoin without being detected.
It depends on what you buy with your bitcoin, if you buy like drugs or guns that is illegal and you are accountable for that if you will get caught, although you are using bitcoin but the act alone is already illegal and punishable by law.
If you will use it any bad activities then it will be definitely treated as an illegal and I think we all involved in illegal activities as we use often use them in gambling to make quick money.
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