Why would customers use Bitcoins? - page 6.

Jukagid

newbie

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Bitcoin have potential to become first world wide valute. Because its electronic beginning its not just one country valute, and its used all over the world. If it become fully stable and aproved by all countrys it will become most used way of paying.

That is right. You can buy things from other countries.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: laracna on December 20, 2016, 08:52:01 AM

because they already have them and exchange them for money would be more expensive and harder?

That's true if you assume the only people that spend Bitcoin are the people mining it (and that could be true).

You don't feel that anyone buys Bitcoin to spend as currency? Do you think that's because of the difficulty of purchasing Bitcoin or the expensive exchange fees between currencies?

laracna

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because they already have them and exchange them for money would be more expensive and harder?

quit_gambling_for_good

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Because it is anonymous and the transaction fees is much lower if you compare to bank fees for sending money overseas for payment of goods

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legendary

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You lead and I'll watch you walk away.

Quote from: alphablitzer on December 19, 2016, 04:50:34 PM

First, you can use it anywhere in the world, and transactions are irreversible. Since Bitcoin is still yet to be adopted by everyone in the world, it's safe to say that credit card is more accessible but not the best way of transacting. Bitcoin is designed to be the future of transactions the best is yet to come.

True, we're still asking average people addicted to convenience to use a clumsy desktop GUI to use Bitcoin. There have been some advancements in convenience by third party vendors like BitPay and Trezor but there needs to be a lot more standardization among them. If you get a debit card from any bank in the world it will work the same way as every other debit card. Third party vendors need to almost completely remove the need to understand the inner workings of Bitcoin to use it. That is the first step to making Bitcoin a worldwide currency.

Bittzy78

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I do not give financial advice .. do your own DD

If I was at a retail establishment and was told that it could take from 15 minutes to 2 hours to pay for something...I am going to take a pass on that transaction.

alphablitzer

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First, you can use it anywhere in the world, and transactions are irreversible. Since Bitcoin is still yet to be adopted by everyone in the world, it's safe to say that credit card is more accessible but not the best way of transacting. Bitcoin is designed to be the future of transactions the best is yet to come.

pooligans13

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because it is much easier to pay

SparkedDev

hero member

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Most the time people aren't using bitcoins these days its mostly giftcards they bought with bitcoin.
Or debit cards that exchange bitcoins to the currency your being charged for.

You would need to offer % off for bitcoin for it to really matter to people since everyone loves a deal.

dhampir-D

sr. member

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For some users, the fact that Bitcoin is decentralized and easy to use is probably not enough, so I think some things can improve, such as the speed of transactions. Maybe with lightning network things will be different. Another aspect that may give users reasons to adopt the currency is a wider variety of places to spend Bitcoin. Merchants would also need to take initiative for this, of course.

abhinav_thakur01

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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?

If you think you have to pay nothing for buying something by a credit card then you are in a great illusion my friend. The bank charges you quite high if you do not pay at time. It will incurr charges on daily basis.

target

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Customers should use bitcoin because someday we're all going to be using it. There are more reasons than this but yeah everyone else will be using crypto later.

ivan.daineko23

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The first enemy of the people and their household budget, is inflation. Sometimes the State itself gives rise to inflation because their financial system is bursting at the seams and they release more money in circulation. Has developed so that the the number of coins is limited. Originally conceived that it is impossible to "get" more than 21 million coins. This means that as soon as this number is reached, it will be impossible to create more bitcoins, so that inflation here is impossible.

adidas

sr. member

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Americans do it better

Because the credit card companies charge close to 30% interest on their charges of interest while bitcoin does not charge a thing because you pay for it and forget it. There is nothing more to pay after the purchase is done with bitcoin but with credit cards there always is.

WarThunder

sr. member

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Today the majority of purchases are performed through a credit card, but in the 20 's and 30-ies of the last century, the Internet has not even pondered. No one thought to use my favourite online. They are unreliable. By filling in forms on the sites, you will be prompted to enter information such as card number, expiration date and security code. It is hard to think of a less secure method of payment. Therefore, credit card data and then turn out to be stolen. Transactions in bitkoinah do not involve disclosing any personal data.

eminem90

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Quote from: puremage111 on November 14, 2016, 10:50:39 PM

Your privacy is remain, no names, no address

Bitcoin is very convenient to store their incomes and not only earn on it. There are no regulatory bodies, and the banks can not take it from you. This is a big plus for those whose faith in the reliability of the banking system weakens.

elena-tur

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Transactions in Bitcoins do not include commissions, and if they provide the minimum. This is better than the use of bank credit cards.

ZlaiaZaia

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If you have made a British bargain through Blokcheyn first in the world, then surely it is already possible to be confident that the Bitcoin has a great future.

onelove2111

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Quote from: farl2web on November 14, 2016, 09:45:23 PM

Bitcoin more effective and safe to use. Certainly more bitcoin has not opened its potential because its price is now just 19% of its real value. It is necessary to wait a possible five years to see the full value of bitcoin. This additional revenue for the users.

More recently, various authoritative publications and portals avoided mention of Bitcoin on their pages. Now this trend is declining, and more and more often appear positive articles about cryptocurrency no longer associated with scandals and fraud in many media. And this is beneficial.

Winter1986

full member

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Quote from: Masha Sha on November 14, 2016, 10:34:11 PM

Would i have to pay tax on it?

Absence or saving users from the tax is not the only possible positive bitcoin. But there is a lot of important points.

Topic: Why would customers use Bitcoins? - page 6. (Read 133883 times)