Why would customers use Bitcoins? - page 48.

JumperX

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Quote from: Betwrong on August 08, 2016, 02:29:35 AM

Of course I aware that there are different situations with different banks but some of them charge you for using their card as a method of payment and if you are using Bitcoin you only pay a transaction fee which is small and unsignificant. I think that's one of of the main reasons why would customers use Bitcoins.

In my country there are no annual fees for credit cards, banks are giving it for free, you need to pay extra charge only if you miss the payment date and as its free people are much more active in using it.

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Quote from: Betwrong on August 08, 2016, 02:29:35 AM

Of course I aware that there are different situations with different banks but some of them charge you for using their card as a method of payment and if you are using Bitcoin you only pay a transaction fee which is small and unsignificant. I think that's one of of the main reasons why would customers use Bitcoins.

I agree. I am using it and base on my calculations I see that I did save a lot of money than paying my annual payment with credit cards.

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Of course I aware that there are different situations with different banks but some of them charge you for using their card as a method of payment and if you are using Bitcoin you only pay a transaction fee which is small and unsignificant. I think that's one of of the main reasons why would customers use Bitcoins.

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I would rather be different and use bitcoin, than be fooled by those banks to use credit card so that they can rob you. That can be seen in plain sight.

jacktheking

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Here is why I use Bitcoin:

1. I do not have Credit Card or whatever payment method other than fiat.

2. Online anonymous purchase with Bitcoin is so easy - well, I don't buy illegal things though.

And in the future, when I get to find shops that accept Bitcoin ...

3. "Hey, look, I am a tech-savvy person."

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Quote from: coin_gambler on August 07, 2016, 08:52:54 AM

Quote from: gilangIDR on August 07, 2016, 08:42:20 AM

Quote from: stromma44 on August 06, 2016, 08:19:48 AM

Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

correctly . bitcoin gives us the advantage of a lot of money. many people who can not do without bitcoin. I have been fortunate to know bitcoin and I have been using bitcoin to buy various items of daily needs.

im also buying some bitcoins at the moment because i expect the price to become really huge in the near future what would allow me to make some good profit

I just hope you're right because I may be seeing a wall soon. The price is already going back up from it's fluctuations when finex went down so it is kinda a good thing to buy right now and hope not another exchanger goes down to trouble bitcoin prices any time sooner until bitcoin reach a dream higher levels like $1200 prices.

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Quote from: gilangIDR on August 07, 2016, 08:42:20 AM

Quote from: stromma44 on August 06, 2016, 08:19:48 AM

Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

correctly . bitcoin gives us the advantage of a lot of money. many people who can not do without bitcoin. I have been fortunate to know bitcoin and I have been using bitcoin to buy various items of daily needs.

im also buying some bitcoins at the moment because i expect the price to become really huge in the near future what would allow me to make some good profit

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Quote from: GreenBits on August 07, 2016, 08:36:05 AM

Until making a btc transaction becomes as fast and easy as swiping a debit/credit card at a point of sale, there is absolutely no motivation for customers to switch currencies. The infrastructure is already there; why reinvent the wheel? I agree btc is the more efficient choice, but unfortunately, it has a lot of usability issues to sort before it's ready for the prime time.

That's it, it's almost like a vicious cycle. Customers won't take up bitcoins until the infrastructure is there in shops etcetera and it becomes convenient, but businesses won't start accepting them until more people are willing to spend them.

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Quote from: stromma44 on August 06, 2016, 08:19:48 AM

Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

correctly . bitcoin gives us the advantage of a lot of money. many people who can not do without bitcoin. I have been fortunate to know bitcoin and I have been using bitcoin to buy various items of daily needs.

GreenBits

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Until making a btc transaction becomes as fast and easy as swiping a debit/credit card at a point of sale, there is absolutely no motivation for customers to switch currencies. The infrastructure is already there; why reinvent the wheel? I agree btc is the more efficient choice, but unfortunately, it has a lot of usability issues to sort before it's ready for the prime time.

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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?

If I were a customer I'd use bitcoin because: I'd be always paying the exact amount and would drag change with me, it would be a lot safer than a credit card or carrying money in your pocket or a wallet, I can send that money to my brother in seconds in another town if he's in need and would be an immediate transaction and I wouldn't have to pay the fee of 3$ monthly for the credit card.... I may have forgotten something but these would be my reasons to use it.

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Quote from: DimidoffVany on August 06, 2016, 12:05:44 PM

Quote from: windale on August 06, 2016, 11:41:20 AM

Quote from: bearex on November 21, 2015, 04:21:56 PM

Quote from: tarsua on November 21, 2015, 04:19:36 PM

Much safer than creditcards, easy to settup, easy to use, harder to steal, stores will like it because transactions are irreversible

How safer? If a creditcard is compromised, you might get a refund. I believe people think creditcards are easier to use.
I know stores will like it, but what about the benefits for the consumer?

Might be harder to steal yes, but depends.

payment procesor online example paypal and digital curency example is bitcoin
is easy pay to store online is compare credit card not complicated and long winded

All funds that are stored on the Internet, are at risk. Owners can easily lose all your money.

Actually we also can minimize the risk by not open suspicious link and donwload something suspicious. It's secure if you know how to protect your bitcoins.

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Quote from: DimidoffVany on August 06, 2016, 12:05:44 PM

Quote from: windale on August 06, 2016, 11:41:20 AM

Quote from: bearex on November 21, 2015, 04:21:56 PM

Quote from: tarsua on November 21, 2015, 04:19:36 PM

Much safer than creditcards, easy to settup, easy to use, harder to steal, stores will like it because transactions are irreversible

How safer? If a creditcard is compromised, you might get a refund. I believe people think creditcards are easier to use.
I know stores will like it, but what about the benefits for the consumer?

Might be harder to steal yes, but depends.

payment procesor online example paypal and digital curency example is bitcoin
is easy pay to store online is compare credit card not complicated and long winded

All funds that are stored on the Internet, are at risk. Owners can easily lose all your money.

That is right. So I save most of my bitcoin in my own wallet. After I buy the bitcoin, I will withdraw to my own wallet.

DimidoffVany

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Quote from: windale on August 06, 2016, 11:41:20 AM

Quote from: bearex on November 21, 2015, 04:21:56 PM

Quote from: tarsua on November 21, 2015, 04:19:36 PM

Much safer than creditcards, easy to settup, easy to use, harder to steal, stores will like it because transactions are irreversible

How safer? If a creditcard is compromised, you might get a refund. I believe people think creditcards are easier to use.
I know stores will like it, but what about the benefits for the consumer?

Might be harder to steal yes, but depends.

payment procesor online example paypal and digital curency example is bitcoin
is easy pay to store online is compare credit card not complicated and long winded

All funds that are stored on the Internet, are at risk. Owners can easily lose all your money.

windale

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Quote from: bearex on November 21, 2015, 04:21:56 PM

Quote from: tarsua on November 21, 2015, 04:19:36 PM

Much safer than creditcards, easy to settup, easy to use, harder to steal, stores will like it because transactions are irreversible

How safer? If a creditcard is compromised, you might get a refund. I believe people think creditcards are easier to use.
I know stores will like it, but what about the benefits for the consumer?

Might be harder to steal yes, but depends.

payment procesor online example paypal and digital curency example is bitcoin
is easy pay to store online is compare credit card not complicated and long winded

JumperX

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Quote from: serjent05 on August 06, 2016, 11:22:32 AM

Quote from: stromma44 on August 06, 2016, 08:19:48 AM

Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

I agree this is one advantage bitcoin can offer aside from fast transaction, security and other stuff. Just imagin holding a currency where you can earn more profit just by holding it. And then spending or sending it to your relatives without the risk of having third party error.

Yeah you can send money across the globe with least fees and even the credits are instant when you send it with bitcoin and its surely better in compare to banks and WU.

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Quote from: stromma44 on August 06, 2016, 08:19:48 AM

Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

I agree this is one advantage bitcoin can offer aside from fast transaction, security and other stuff. Just imagin holding a currency where you can earn more profit just by holding it. And then spending or sending it to your relatives without the risk of having third party error.

stromma44

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Customers are using bitcoins because they are making good and quick profits from it which is not possible to earn from any other product and that is the reason people are attracted towards bitcoin.

xJuturna

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Well first off bitcoin raises (and lowers) in value over time. Money does in a sense but not in the same way as bitcoin. Also transactions have an anonymity characteristic that far exceeds debit / credit card transactions. Finally, you can use bitcoin all over the world where as most online services and card companies are unwilling to do this, or extremely cautious causing a lot of headache for the consumer.

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Quote from: Jukagid on August 06, 2016, 07:53:51 AM

Quote from: langedwig on July 23, 2016, 01:14:40 AM

It's irreversible, which is one of the main things, plus it's practically a debit card, instead of a credit card, plus it's an asset that's profitable if you hold. And it's always accurate and quick in transactions. The system is well secured.

Bitcoin is different from fiat. If you hold it, the value will increase. If you use it, the value will also increase.

people holding their coins and the price to go up makes sense, but i don't see how actual usage will increase the price? to be more clear, usage in what way? spending as in buying things at merchants accepting bitcoin? if so, then it won't really help in increasing the price as the coins get converted to fiat directly as merchants use payment providers such as bitpay to handle all transactions.

Topic: Why would customers use Bitcoins? - page 48. (Read 133913 times)