Why would customers use Bitcoins? - page 23.

Indrawan77

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Quote from: hawkins on October 04, 2016, 05:02:03 PM

Quote from: kampretosChoalathos on October 04, 2016, 03:37:57 AM

I think use bitcoin
because with bitcoin is very fast grow my money

you're right, but transactions quickly and reliably with a very small fee, I think that is reason enough to let customers use bitcoin. on the other hand, the price of bitcoin is also always increasing, so it can make people keep it in a long time has the advantage without doing anything.

There are a lot of reasons for a customer to used bitcoin, it can be used as currency and can be used as investment, but i don't agree the transaction is fast, sometimes the transaction can takes up to few hours, if this can be handled then bitcoin will be perfect for customers

lister storm

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Quote from: kampretosChoalathos on October 04, 2016, 03:37:57 AM

I think use bitcoin
because with bitcoin is very fast grow my money

you are right, bitcoins can grow a lot right now and you can make some decent money out of it

qyzackk

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When you pay with your bank check another one bank, usually your bank a few days will keep the money to ensure that the funds actually available. Similarly, international bank transfers can not go one day. Bitcoin transactions are conducted in much faster. Thus, the transaction "zero proof" tested immediately.

hawkins

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Quote from: kampretosChoalathos on October 04, 2016, 03:37:57 AM

I think use bitcoin
because with bitcoin is very fast grow my money

you're right, but transactions quickly and reliably with a very small fee, I think that is reason enough to let customers use bitcoin. on the other hand, the price of bitcoin is also always increasing, so it can make people keep it in a long time has the advantage without doing anything.

South Park

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Quote from: 1Referee on October 02, 2016, 02:41:04 PM

Quote from: doraemon1 on October 02, 2016, 11:07:11 AM

-The fees is not a must part of BTC, you can make a transaction with no fees but would take ages to confirm, The most useful advantage would be the convenience in term of privacy IMO (Things you wouldn't want in your CC record) and in industries with some different opinions about it (Gambling etc...).

Free transactions will become a rare happening more and more as we progress throughout the years. Pools are really picky on transactions nowadays, and this will not change. Especially now fee income from transactions will get more important than even for pools as block rewards get lower and lower.

You are correct and since they are doing a job they must be paid and if this needs to come from transactions then it’s fine, as long as the fees are very low to the point of being almost negligible I do not think that will see an uproar.

Monnt

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Quote from: naidray on October 04, 2016, 01:51:09 AM

Quote from: Positid on October 03, 2016, 10:24:08 PM

Quote from: dhimasnk on October 03, 2016, 06:44:04 PM

customers using bitcoin for their benefit because using bitcoin. you also know that bitcoin payment system is one that is very easy to use transactions, a very simple and fast

That would benefit the customers but on the legal aspects the merchants will have a problem as they are putting their business in risk, we have to remember that bitcoin is not yet regulated and government wanted to account for all the transaction to collect tax.

Now a days, merchants are having immediate exchanger to have their bitcoin to be converted into fiats immediately. Moreover many merchants are getting their bitcoin sales settlement only in equivalent fiats. This way merchants are highly protected from fluctuating bitcoin prices and from other bitcoin related regulations.

Yes, online payment transactions are controlled by third party processors. They are taking care of converting bitcoin within the price quoted and used on the site at the time of transaction. Merchants will be having very big relief from fluctuating bitcoin prices with this way of having bitcoin payment processing.

bitcoin-hunter

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People should use the bitcoin because of the fact its easy and you can control it by yourself and another plus point is that you can make profit with it too by just doing nothing other than holding it for a while.

BitHodler

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Quote from: Positid on October 04, 2016, 06:42:09 AM

Quote from: greBit on October 04, 2016, 06:19:14 AM

Bitcoin is an best investment to have and we can make money only by simply holding them without doing anything with, so if people wants to make good profits in future then they should surely start using bitcoins.

I agree that it is the best investment so far but I cannot ensure that we will make money holding bitcoins in the long run, it all depends on the market performance and we have witness in the past that the price might also drop big time, so it is just a matter of trust if you hold in the future and hope you will not panic.

There are in fact no guarantees when it comes to making profits by hodling your coins for a few years.

As you also mentioned, not panicking is one very important rule, and of course don't forget patience.

Only the most dedicated hodlers will be able to successfully keep sitting on their coins for years without touching them.

Some people even consider current hodlers to be somewhat of an early adopter compared to the real potential that may or may not be witnessed by us.

Positid

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Quote from: greBit on October 04, 2016, 06:19:14 AM

Bitcoin is an best investment to have and we can make money only by simply holding them without doing anything with, so if people wants to make good profits in future then they should surely start using bitcoins.

I agree that it is the best investment so far but I cannot ensure that we will make money holding bitcoins in the long run, it all depends on the market performance and we have witness in the past that the price might also drop big time, so it is just a matter of trust if you hold in the future and hope you will not panic.

greBit

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Bitcoin is an best investment to have and we can make money only by simply holding them without doing anything with, so if people wants to make good profits in future then they should surely start using bitcoins.

kampretosChoalathos

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I think use bitcoin
because with bitcoin is very fast grow my money

bitcoin you can use trading altcoin and get is very fast grow your money, but you must have skill

extrabyte

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Quote from: dhimasnk on October 03, 2016, 06:44:04 PM

customers using bitcoin for their benefit because using bitcoin. you also know that bitcoin payment system is one that is very easy to use transactions, a very simple and fast

there are lots of ways why costumers use bitcoin. these are not actually bitcoin's customers. these are the costumers of bitcoin related sites. exchanges, tradings. shoping. marketplaces etc etc. and the reason is obvious they use bitcoin to buy sell, to trade and exchange, to earn more profit..

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Quote from: bitlancr on October 04, 2016, 02:23:44 AM

For me it's best for customers to use bitcoins as another currency or payment method because it's fast and also has a low fees which is best for other kind of customer who want to save some money. And also because it's anonymous and doesn't need to reveal identity to just pay the things that bought.

well actually every your transaction will still in the blockchain and impossible to be deleted,just use blockchain explorer to exploring specific address and you will find out what's the address's owner doing so far,even you know how much money they spend very details,it's not anonymous at all if the owner of the address been revealed

sishendaoye

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I think because of the bitcoin is wearing a very good way rather than a credit card. In other words is Bitcoin could pay all our needs without any burden in later life, as we know that credit cards are indeed similar to credit card only Bitcoin is very detrimental to our future.

HilbillyFred

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Bitcoins are growing that much that you can almost do everything with the bitcoin and that is not strange because bitcoins are here for a long time and ghetting bigger and bigger-

1Referee

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Quote from: Altynbekova on October 04, 2016, 02:28:08 AM

I like using bitcoin because it means that you dont have to have a physical card that you can lose and i have the security of knowing that any coin i earn is safely packed away where its very hard to breach. And bitcoin has even more benefits besides this.

This security doesn't come automatically. You are directly responsible for the security from the beginning to the end. If you don't secure your wallet files with a strong passphrase, then a hacker can eventually gain access to it by brute forcing. That's why it's also important to encrypt these wallet files for another layer of protection. That's assuming everything gets set up via a clean PC.

stromma44

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I generally use bitcoins for money transfer to my family which involves very minimum fees and the credits are instant and the best thing is that transactions are available 24/7.

ekoice

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Customers would use bitcoins because charging fee is very low.We can buy goods without leaving our personal details.By using bitcoins to buy goods, we can help the world to understand better about bitcoins

Altynbekova

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I like using bitcoin because it means that you dont have to have a physical card that you can lose and i have the security of knowing that any coin i earn is safely packed away where its very hard to breach. And bitcoin has even more benefits besides this.

Ybalevia

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Costumers uses bitcoins almost for everything i dont know why they are using it for all kind of things but you need to make money with bitcoins not waste money there you have cash for.

Topic: Why would customers use Bitcoins? - page 23. (Read 133913 times)