Why would customers use Bitcoins? - page 45.

Menerever

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Quote from: jakelyson on August 15, 2016, 09:59:01 PM

Quote from: rio3233 on February 11, 2016, 08:49:13 AM

Quote from: bearex on November 21, 2015, 04:15:28 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?

Easy to use, no need verification for creating a wallet or transfer something, small fee, fast transaction. but i hate one thing about bitcoin, it's take to long when wait the confirmation.

You are right, the confirmation time is really a downside of bitcoin. But the transaction is really quick. I hope developers can find a way to make confirmation time faster without adding too much fee.

Well it will just result for a traffic. It's still better to have more much fees if people want to do some instant or should I say less time to make confirmations much faster.

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Quote from: jakelyson on August 15, 2016, 09:59:01 PM

Quote from: rio3233 on February 11, 2016, 08:49:13 AM

Quote from: bearex on November 21, 2015, 04:15:28 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?

Easy to use, no need verification for creating a wallet or transfer something, small fee, fast transaction. but i hate one thing about bitcoin, it's take to long when wait the confirmation.

You are right, the confirmation time is really a downside of bitcoin. But the transaction is really quick. I hope developers can find a way to make confirmation time faster without adding too much fee.

But that has relied on companies if you're using that in online shops or store but for personality, it's not good if at the time we very need an urgent amount for doing urgent things. the companies are always applying for the transaction is already getting some confirmation. don't forget for the transaction in bitcoin is always have a queue.

Xester

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I am not really looking to the 3 cents fee whenever there is payment. I do not use my bitcoin to purchase some goods and services. I use them to earn more money.

Well, maybe some were use to it like they are really comfortable using their bitcoins to buy some stuff and to pay for other services. I think it is more safe than using a credit card. There are many credit card issues right now, they can be duplicate. Unlike bitcoins, there is no way they could still your bitcoins because every address is unique. Just do not share it with others.

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Quote from: jakelyson on August 15, 2016, 09:59:01 PM

Quote from: rio3233 on February 11, 2016, 08:49:13 AM

Quote from: bearex on November 21, 2015, 04:15:28 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?

Easy to use, no need verification for creating a wallet or transfer something, small fee, fast transaction. but i hate one thing about bitcoin, it's take to long when wait the confirmation.

You are right, the confirmation time is really a downside of bitcoin. But the transaction is really quick. I hope developers can find a way to make confirmation time faster without adding too much fee.

Things like the coinbase shiftcard make the confirmation time negligible since coinbase basically pays on your behalf. I doubt anything will change with the confirmation system anytime soon, at least not with Bitcoin itself. Alts have addressed it in various ways, i.e. see Bitshares, NXT, etc.

jakelyson

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Quote from: rio3233 on February 11, 2016, 08:49:13 AM

Quote from: bearex on November 21, 2015, 04:15:28 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?

Easy to use, no need verification for creating a wallet or transfer something, small fee, fast transaction. but i hate one thing about bitcoin, it's take to long when wait the confirmation.

You are right, the confirmation time is really a downside of bitcoin. But the transaction is really quick. I hope developers can find a way to make confirmation time faster without adding too much fee.

gilangIDR

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Quote from: terman45x on August 15, 2016, 02:50:35 PM

Quote from: dothebeats on August 15, 2016, 02:34:17 PM

Customers would, simply because think about how much they are going to save in terms of fees and how fast it is to perform a transaction. Also, no regional boundaries or whatsoever, meaning you could use your coins anywhere in the world without changing to the local currency of whatever country you are in.

If you are not able to spend it directly then you will have to convert it to local currency first and then spend as not many countries are advanced with bitcoins yet and its gonna take really long time for it to happen.

I agree with you . with bitcoin all seemed without limit and without any obstruction. we could do various transactions easily and quickly. That is very fun.

uname

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Quote from: mark coins on August 15, 2016, 01:56:59 PM

Quote from: takingthis4 on August 15, 2016, 01:15:34 PM

Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, bitcoin is that much popular just because it is used by a lot of people at the moment and in my opinion it is going to grow only in the future

Yeah we need to be positive about the future and price of bitcoin and it will surely go higher in future when we will see increase in the customer base of bitcoins.

I think we can provide motivation to new users that the future of bitcoin is very bright and has a high price in the future. bitcoin high potential to make investors interested

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Quote from: terman45x on August 15, 2016, 02:50:35 PM

Quote from: dothebeats on August 15, 2016, 02:34:17 PM

Customers would, simply because think about how much they are going to save in terms of fees and how fast it is to perform a transaction. Also, no regional boundaries or whatsoever, meaning you could use your coins anywhere in the world without changing to the local currency of whatever country you are in.

If you are not able to spend it directly then you will have to convert it to local currency first and then spend as not many countries are advanced with bitcoins yet and its gonna take really long time for it to happen.

There is this thought that what if it dont click. That is why some small businesses cant start it. The risk is high and not too many people know it yet. It will take a strong will to do it and a lot of patience to when will customers come.

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Quote from: mark coins on August 15, 2016, 01:56:59 PM

Quote from: takingthis4 on August 15, 2016, 01:15:34 PM

Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, bitcoin is that much popular just because it is used by a lot of people at the moment and in my opinion it is going to grow only in the future

Yeah we need to be positive about the future and price of bitcoin and it will surely go higher in future when we will see increase in the customer base of bitcoins.

of course the positivity is a really great thing that drives bitcoin up in a longer run, people should use it because it is a perfect currency

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Quote from: dothebeats on August 15, 2016, 02:34:17 PM

Customers would, simply because think about how much they are going to save in terms of fees and how fast it is to perform a transaction. Also, no regional boundaries or whatsoever, meaning you could use your coins anywhere in the world without changing to the local currency of whatever country you are in.

If you are not able to spend it directly then you will have to convert it to local currency first and then spend as not many countries are advanced with bitcoins yet and its gonna take really long time for it to happen.

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Customers would, simply because think about how much they are going to save in terms of fees and how fast it is to perform a transaction. Also, no regional boundaries or whatsoever, meaning you could use your coins anywhere in the world without changing to the local currency of whatever country you are in.

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Maybe because they enjoyed so much by using bitcoin. And according to my friend Bitcoin is very convenient to use, very helpful and inthe near future you can save money on your own way through online.

mark coins

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Quote from: takingthis4 on August 15, 2016, 01:15:34 PM

Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, bitcoin is that much popular just because it is used by a lot of people at the moment and in my opinion it is going to grow only in the future

Yeah we need to be positive about the future and price of bitcoin and it will surely go higher in future when we will see increase in the customer base of bitcoins.

takingthis4

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Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, bitcoin is that much popular just because it is used by a lot of people at the moment and in my opinion it is going to grow only in the future

torrentheaven

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Quote from: Aamir1 on August 15, 2016, 02:04:08 AM

Quote from: Nimbulan on August 14, 2016, 02:29:56 PM

Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, the whole popularity comes only from the people themselves as the more the buy the bigger bitcoin gets, people should use it because it is perfect currency

Popularity obviously comes from people but awareness between people would only rise if bitcoin gets adopted by the resources and gets into mainstream, because there are still a lot of people does not even know anything about bitcoin and they would only know about it if they see a place accepting bitcoins for buying things.

Yes if people see many places where they can spend their coins then it will make them eager to know about bitcoin and they will start collecting information relate to it.

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Quote from: Rogertekar on August 15, 2016, 02:10:26 AM

I think most of us use bitcoins because of the irreversible nature and hence no one can scam us anytime. The best features of bitcoins are anonymity, transparency and security.

That is right. When I sell things, I will ask for the bitcoin if possible. Otherwise, I might have been scammed.

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I think most of us use bitcoins because of the irreversible nature and hence no one can scam us anytime. The best features of bitcoins are anonymity, transparency and security.

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Quote from: Nimbulan on August 14, 2016, 02:29:56 PM

Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, the whole popularity comes only from the people themselves as the more the buy the bigger bitcoin gets, people should use it because it is perfect currency

Popularity obviously comes from people but awareness between people would only rise if bitcoin gets adopted by the resources and gets into mainstream, because there are still a lot of people does not even know anything about bitcoin and they would only know about it if they see a place accepting bitcoins for buying things.

Nimbulan

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Quote from: Ewinsane on August 14, 2016, 05:39:52 AM

i think bitcoin is very useful and popular because customers are using bitcoin.

thats true, the whole popularity comes only from the people themselves as the more the buy the bigger bitcoin gets, people should use it because it is perfect currency

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Quote from: naidray on August 14, 2016, 01:59:27 PM

Quote from: 23dzmaz on August 14, 2016, 07:32:17 AM

Quote from: JumperX on August 14, 2016, 06:26:58 AM

Quote from: JeffBrad12 on August 14, 2016, 06:24:20 AM

Quote from: hero1111 on August 13, 2016, 03:30:23 PM

Customers would use bitcoin because they dont need paper money and they will pay what they want to buy fastly and bitcoin system can improve shopping system it will let easly shopping for customers because of they would use bitcoin .

I don't think so will never need a paper money but this is true is refers to the online transaction but nothing for their living and how they can filling their daily needs without fiat money, are you sure for using bitcoin?

Bitcoin cannot be used everywhere, you will need paper money now and also in future as you cannot expect everyone to use bitcoin and each and every shop to accept bitcoin.

Yes, but on online shop, many online shops start accepting bitcoin. I think costumers use bitcoin for the payment because it's easy to use and easy to do the transaction.

People would use bitcoin simply because bitcoin is quite a lot safer than paying with cash using credit or debit cards since you are actually going to be exposing your identity if you are using the cards. With bitcoins, you are not revealing any information about yourself other than the address that you own and the amount of coins in that wallet.

I haven't use bitcoin for offline shopping yet, but I think the confirmation time will be big issue in it, as merchants will not like to wait for confirmations which is not an issue with credit/debit cards.

Topic: Why would customers use Bitcoins? - page 45. (Read 133913 times)