Topic: Why would customers use Bitcoins? - page 37. (Read 133913 times)
In my own view customers use Bitcoins because the value of bitcoins increase continuosly so if you have stack money in bitcoin maybe your money will as time goes by. I mean you get profit by just save your money in your wallet. Also bitcoin can earn through internet so other people take this as advantage to have extra money. So they use it to pay.
Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.
You have just made a reason why customers should not use it. Anyway, it is still private than credit cards from banks where you provide all your information.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
Though I think some people still fear using BTC because of it's price change, while for some people it's even good.
People who are new to bitcoins will surely have a fear of loosing their money, but if they have good patience then they can make good profits from it in future.
New in bitcoin really fear of loosing bitcoin because they havent yyet understand bittccoin but sooner or later they will understand it.
Customer uses bitccoin because it is fast and efficient in paying. costumers love fast transaction
In my opinion, costumers using bitcoin because using bitcoin is easy to use and good for online transactions. Bitcoins also have a small fee for each transaction, it's really good for buy/sell something using bitcoin as the payment.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
But that is where the problem with security comes out. Payments that have no person linked may have cause a lot of problem because we can't know where the people's transactions are all about. What if they use it for some illegal activities? No one can track them in any way because what the authorities will have is just an anonymous bitcoin address.
Customers would use Bitcoin for a replacement of FIAT currencies. They can do everything with Bitcoin that they can do with FIAT currencies. I can see Bitcoin gain popularity very quickly in the near future.
I would like to think that the main reason for using it would be the anonymous ability to have their transaction accessed as easily as they are using a credit card. Which can also locate your address and other personal information that nobody wants to be revealed to the public let alone the internet for the masses on a global scale to pry into.
I am not saying it can not be done but it take much more effort and knowledge to be able to do this for bitcoin transactions.
I am not saying it can not be done but it take much more effort and knowledge to be able to do this for bitcoin transactions.
Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.
I think if you use a exchange like BTC-e or any other site that offers address to deposit then you cannot be actually traced. Since they use the bitcoins while when you withdraw you get a new address.Anyways though I agree sometimes its too easy to trace our balance since we use a single address.
The point with exchanges is that people need to verify themselves before making use of their platform and to withdraw coins. If you deposit coins with the intention to mix them via an exchange, and then withdraw coins and think they are "clean" now, then you're not doing the right thing. Your details are linked to the coins you withdrew. The exchange in question can still chase your transactions and play this information to the government in extreme situations when the government asks the exchange to do so.
Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.
I think if you use a exchange like BTC-e or any other site that offers address to deposit then you cannot be actually traced. Since they use the bitcoins while when you withdraw you get a new address.Anyways though I agree sometimes its too easy to trace our balance since we use a single address.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
Though I think some people still fear using BTC because of it's price change, while for some people it's even good.
People who are new to bitcoins will surely have a fear of loosing their money, but if they have good patience then they can make good profits from it in future.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
Though I think some people still fear using BTC because of it's price change, while for some people it's even good.
There's the obvious: anonymity and instant transactions.
But the most important is you own your money. Nobody can lock your account or give you trouble. You'll never have to argue with customer support about failed payments. And each payment is final, there's no charge-backs. Yes, bitcoin can be used for scamming. That's why just like with anything that has value, you can heavily minimize that risk with making careful decisions and knowing what you're doing.
It's better than having to deal with false chargebacks. If you use paypal, there's a high chance you'll encounter a magnitude of problems and annoyances.
But the most important is you own your money. Nobody can lock your account or give you trouble. You'll never have to argue with customer support about failed payments. And each payment is final, there's no charge-backs. Yes, bitcoin can be used for scamming. That's why just like with anything that has value, you can heavily minimize that risk with making careful decisions and knowing what you're doing.
It's better than having to deal with false chargebacks. If you use paypal, there's a high chance you'll encounter a magnitude of problems and annoyances.
All I know is, blockchain is a system and no human interference is there so it's a plus point. Secondly bitcoin allows us to pay in foreign countries easily that too without any extra fees and instantly. We could also send huge amout within a short time and the best part is bitcoin it's going to grow even larger community and opportunities.
People will use it cause blockchain is technology, and people will have more faith in technology then in old system where old people from governments, banks, and other corporations run their lives, or to say our lives.
I think it's time for new system and new management, and I think many people agree with me about this. Bitcoin can offer something that we haven't before, new monetary system. Cause we all know that world is controlled with money. Bitcoin just needs to survive long enough for people to notice true potential of blockchain. Good luck to us!
Yes, I can not think of a currency that is transparent yet secure and everyone can see the balance of each other yet cannot hack it and all. So I believe people will use bitcoins because they know the payment is irreversible and they are totally secured once they know how bitcoins work. I think it's time for new system and new management, and I think many people agree with me about this. Bitcoin can offer something that we haven't before, new monetary system. Cause we all know that world is controlled with money. Bitcoin just needs to survive long enough for people to notice true potential of blockchain. Good luck to us!
I can see people using btc to shop online. In stores? No idea.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
But I still feel that credit card transactions goes hassle free and it is very convenient to use as it is accepted everywhere online as well as offline and people are used to it.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
But I still feel that credit card transactions goes hassle free and it is very convenient to use as it is accepted everywhere online as well as offline and people are used to it.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
But I still feel that credit card transactions goes hassle free and it is very convenient to use as it is accepted everywhere online as well as offline and people are used to it.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
But I still feel that credit card transactions goes hassle free and it is very convenient to use as it is accepted everywhere online as well as offline and people are used to it.
CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.
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