Why would customers use Bitcoins? - page 42.

Red-Apple

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Quote from: zend7 on August 25, 2016, 07:47:20 AM

There's no real benefit for people who buy physical goods to buy with bitcoin as bitcoin can do nothing in such case to protect anonymity of a person. A customer would pay with bitcoin when using different online accounts or buying digital goods as it protect our anonymity a lot. There's no need why the seller should know my name and surname and also address and billing address. Bitcoin makes a shortcut and bypasses all of this.

using bitcoin is not 100 anonymous and since blockchain and your bitcoin address transactions are public, anybody can connect the dots unless you use a mixer for example.

also i have to say that using bitcoin is not always about the anonymity. it is also about the high security it offers unlike credit cards for instance. also it is about a super cheap transaction with the smallest fee possible. and not to forget about the decentralized feature of it which lets you get rid of the banks.

zend7

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Hackers please hack me .... if you can :)

There's no real benefit for people who buy physical goods to buy with bitcoin as bitcoin can do nothing in such case to protect anonymity of a person. A customer would pay with bitcoin when using different online accounts or buying digital goods as it protect our anonymity a lot. There's no need why the seller should know my name and surname and also address and billing address. Bitcoin makes a shortcut and bypasses all of this.

twerdefnce

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I think because it is safier, and maybe faster to pay for something. and of course it is very, very easy to pay with bitcoins, so these are reasons why they should pay with bitcoins

stromma44

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Quote from: prtty2gal2 on August 25, 2016, 07:24:24 AM

Quote from: blackmachinegun on August 22, 2016, 08:24:55 AM

Quote from: JessicaSe on August 22, 2016, 07:30:02 AM

I don't know about the others but I am using it mainly for gambling purpose as it provides my privacy to gamble without disclosing my identity and even no one around me is aware that I am into gambling.

yeah I think we could invite a lot of players gamble to join the bitcoin. because I'm sure there are many countries that forbid gambling in their country? by joining in bitcoin they can gamble freely without any interference from any party. including from government

Except that some countries have also banned bitcoins.
Well, they can still use bitcoin most probably, if they use VPN but they just can not cash out their coins nor use them in the real world directly. Other than these there will not be any hurdle to stop people to use bitcoins. When everything available for bitcoins, no one will be successful in stopping bitcoin being used.

Not many countries have banned bitcoins but yes gambling is illegal in many countries but with bitcoin that issue is also solved as bitcoin gives you an privacy to gamble without any involvement of third party.

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Quote from: freedomgo on August 25, 2016, 04:57:57 AM

Quote from: ?? on ??

Quote from: bravehearth0319 on August 24, 2016, 10:16:59 PM

Quote from: bearex on November 21, 2015, 05:15:28 PM

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

In my perception or assessment there are many reason why some of the customer using it such as: They can use it for shopping who accepted bitcoin, they can use it for money transfer, they can also use it for billings, they use it for savings, and most of the time for investment and other businesses who adopted bitcoin system.

But why would a customer use bitcoin in paying someone or paying something or in his/her purchases? As OP said there is atleast 3 cents transaction fee in each time you use bitcoin... IMO, a customer will use bitcoin when it is the only money he has, or it is trending or it is one of the latest payment option that could make him looks cool or he wants to promote bitcoin in the way that he can/know OR fiat is not in circulation anymore which is very futuristic...

The fee does not matter to the customers, most of the customers wants convenient and they are willing to accept the cheap fee and beat them on their own. Also, it is a good promotion as you said to attract people in using bitcoin that would help the adoption.

Yeah you're right! Because lot of customers wants a smooth sailing transaction and fast and very easy although it have a fee it doesnt matter as long as you can give the thing fast and easy.

PieCrafted

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Thats true when it comes to shopping, the credit card feels to be better as now only few places accept bitcoin. Now only people started using bitcoin cards. So once the guy posted the thread start using bitcoin card he feel why bitcoin better than credit card. It just makes sense.

prtty2gal2

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Quote from: blackmachinegun on August 22, 2016, 08:24:55 AM

Quote from: JessicaSe on August 22, 2016, 07:30:02 AM

I don't know about the others but I am using it mainly for gambling purpose as it provides my privacy to gamble without disclosing my identity and even no one around me is aware that I am into gambling.

yeah I think we could invite a lot of players gamble to join the bitcoin. because I'm sure there are many countries that forbid gambling in their country? by joining in bitcoin they can gamble freely without any interference from any party. including from government

Except that some countries have also banned bitcoins.
Well, they can still use bitcoin most probably, if they use VPN but they just can not cash out their coins nor use them in the real world directly. Other than these there will not be any hurdle to stop people to use bitcoins. When everything available for bitcoins, no one will be successful in stopping bitcoin being used.

qiwoman2

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It's very handy because you can pay for your stuff without carrying money on you, cash that is that can be stolen. You can have easy access and transfer anywhere and very cheaply too.

Shinseiten

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Maybe this question has already been answered but I can't find it (and honestly I find hard even to follow my own questions).

If I have an ecommerce of computers and I sell "X" at 1000$ everything is fine.
But if I decide that you can buy it with bitcoins, 1.71 bitcoin (todays 1000$), how can I adapt this price to TODAY bitcoin value? Maybe tomorrow it would cost 1.80 and, a week 2.5 bitcoins and months after 0.5 bitcoins.
I would go mad!

If I block the bitcoin alternative if the price goes crazy, wouldn't my business make angry customers?

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Quote from: bravehearth0319 on August 24, 2016, 10:16:59 PM

In my perception or assessment there are many reason why some of the customer using it such as: They can use it for shopping who accepted bitcoin, they can use it for money transfer, they can also use it for billings, they use it for savings, and most of the time for investment and other businesses who adopted bitcoin system.

If we have to take the concern for purely for customers under some merchants, they must consider bitcoin because of the less hassle transaction it can give.

We all want a convenient transaction in any forms of payment we are doing in an online transaction so using bitcoin is really fit for this.

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Quote from: bravehearth0319 on August 24, 2016, 10:30:22 PM

That's the good thing about in bitcoin, We can use it 24/7, compare to some other currencies. I do believe also that someday the government of each country in the entire world will realize that system of bitcoins could be a better key to their economy if they adopt the system of bitcoins.

What do you mean by compare to other currencies? You mean fiat currencies?

I can use my fiat 24/7. Even holidays I can able to make some withdrawals. Online transfer is instant too.

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Quote from: bravehearth0319 on August 24, 2016, 10:16:59 PM

Quote from: bearex on November 21, 2015, 05:15:28 PM

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

In my perception or assessment there are many reason why some of the customer using it such as: They can use it for shopping who accepted bitcoin, they can use it for money transfer, they can also use it for billings, they use it for savings, and most of the time for investment and other businesses who adopted bitcoin system.

But why would a customer use bitcoin in paying someone or paying something or in his/her purchases? As OP said there is atleast 3 cents transaction fee in each time you use bitcoin... IMO, a customer will use bitcoin when it is the only money he has, or it is trending or it is one of the latest payment option that could make him looks cool or he wants to promote bitcoin in the way that he can/know OR fiat is not in circulation anymore which is very futuristic...

The fee does not matter to the customers, most of the customers wants convenient and they are willing to accept the cheap fee and beat them on their own. Also, it is a good promotion as you said to attract people in using bitcoin that would help the adoption.

bravehearth0319

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Quote from: secone on February 14, 2016, 11:13:00 PM

Quote from: ajun96 on February 14, 2016, 10:21:08 PM

Quote from: Nemesis099 on February 14, 2016, 10:24:21 AM

People use bitcoins because it is convenient, easy and with less transaction fees, and bitcoin transactions are available 24/7, it will be used more in future when everyone would start accepting it as a payment method.

I think all payment processor also have transactions are available 24/7
The most special of bitcoin. for me i think is decentralization, nobody could freeze your wallet or your money in bitcoin

also bitcoin trading online in 24/7,not like other currency.
agree with you decentralization system is future

i think in future each people/goverment/private cooperation will adopt bitcoin decentralization system , like tax invoice etc.

That's the good thing about in bitcoin, We can use it 24/7, compare to some other currencies. I do believe also that someday the government of each country in the entire world will realize that system of bitcoins could be a better key to their economy if they adopt the system of bitcoins.

bravehearth0319

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Quote from: hawkins on February 23, 2016, 04:27:14 AM

bitcoin prices are high now, and bitcoin is also very easy to get. in addition it has a bitcoin transactions very fast compared to other payment processor. so there is no reason for costumers to not use bitcoin

True that Bitcoin now is high, and aside from that its very convenient to use and very fast compared to other payment processor, the charge fee also is too low. therefore the user client is becoming more earger to have an interest to use it more because of the advantage of Bitcoin has.

bravehearth0319

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Quote from: bearex on November 21, 2015, 05:15:28 PM

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

In my perception or assessment there are many reason why some of the customer using it such as: They can use it for shopping who accepted bitcoin, they can use it for money transfer, they can also use it for billings, they use it for savings, and most of the time for investment and other businesses who adopted bitcoin system.

MingLee

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Some customers would want to use Bitcoin to take advantage of any discounts that are there and available, while others would like want to take advantage or the relative anonymity that comes with Bitcoin. Some people might just have Bitcoin on hand and want to spend it, or whatever else they can maybe think of. There are a lot of reasons that customers could want to use Bitcoin.

kulas

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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.

johny87

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Bitcoin is pretty secure if you look at it in a way, You don't entrust your bitcoins in every site you use it at unlike creditcards, Also the fees on CC are little tricky so it's not really 0%.

d@nte

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Quote from: sempak on August 22, 2016, 10:40:37 AM

advantages bitcoin transactions are quick and easy. That's the main reason why bitcoin users using bitcoin as a payment medium finances. bitcoin some features have also been integrated with a variety of existing public services.

Besides the possibility to do it all with a few clicks. Wink

MingLee

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Quote from: universe_ on August 23, 2016, 11:51:08 AM

Quote from: sempak on August 22, 2016, 10:40:37 AM

advantages bitcoin transactions are quick and easy. That's the main reason why bitcoin users using bitcoin as a payment medium finances. bitcoin some features have also been integrated with a variety of existing public services.

thats true, also it is really easy to use bitcoin wallets that are online so you dont need any knowledge to be able to use it for your needs

The wallets are relatively easy to use, yes, but people would more than likely use Bitcoin a lot of the time for discounts and other similar bonuses to their purchase. If there were high enough discounts I'm quite sure a ton of people would be incentivized to start using Bitcoin.

Topic: Why would customers use Bitcoins? - page 42. (Read 133905 times)