Topic: Why would customers use Bitcoins? - page 83. (Read 133913 times)

Well said. It is how it is. In the end every human being will look at the amount of money. And there is no cheaper way to send money then with bitcoin.
This is the main reason to use bitcoin: Fees.

Most criminals like the anon aspect but
Most consumers will be attracted by the low fees. Because there is no other way to sent money this cheap then fiat. With cheap I mean so less fees offcourse.

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.

Come on dude, you have to know those reasons aren't really true. At least not yet.

Security is a relative construct. Bitcoin is no more or less secure than other methods of payment if it's used incorrectly. More people have been robbed using exchanges than I like to admit. Bitcoin virus attacks on not only business computers but personal computers are commonplace. Banks get hacked too but they replace the lost customer money with fraud protection. Fraud protection is what you're paying for in the service fee you pay at a merchant terminal. You also currently, and for the foreseeable future, must involve the current financial system at some point to make a Bitcoin purchase. Sure, I suppose those people that choose to convert their money by purchasing expensive mining equipment or using LBC to acquire bitcoins aren't involving banks, but that's impractical for most people.

The cost of goods and services are moot. The price isn't less when you consider exchange fees and fraud loss. As I mentioned above, the 2-3% fee pays for fraud protection that I sorely wish I had during the Bitcoinica and exchange hacks where I lost more bitcoins in less than two years than I have ever lost in fiat in 50 years.

Bitcoin is slower, period. The reason transactions in fiat banking aren't reconciled immediately is because of that fraud protection thing I mentioned earlier. The charge is satisfied and reconciled only after all parties are in agreement but for customer purposes it's immediate. Bitcoin uses the VERY SLOW process of trusted third party escrow for that job.

Banking is a free market too dude. I only use credit unions for banking because they offer the services I want and need. Bitcoin can't compete and no current third party Bitcoin service can currently come even close to the offerings of a credit union. Also, as long as Chinese miners provide the security for Bitcoin not only am I not in complete control but my country isn't even in control.

It is just the way bitcoin, and all other cryptocurrency work. Don't hate the way the security works, there will never be something that can work around this without using some sort of escrow, but that would also cost some more time,... Having a decent monetary system with every need for everyone is kinda impossible (for now atleast).

yeah
is still a major problem for bitcoin, sometimes we have to wait a long time to get 1 confirmation, sometimes I also waited almost one full day, it was very frustrating how do you solve this?
Just be patient ?

Yes i agree with you, people under 18 years old usually get back up by his parents and he can't buy some stuff for what he like, maybe using bitcoin and earn it online can make a reason why costumers use bitcoins.

most bitcoin users are aged over 18 years, I think they already have an ID card and can make a bank or debit card.
other reason. fast confirmation?
I did not find it in bitcoin now? This has become a thorny problem for bitcoin.
all methods of sending money. now. instant already directly into your account. how bitcoin? need one confirmation.

Uhh, bitcoin is more convinient and way more safer? Bitcoin transactions don't involved any personal infos being exposed while a transactions made using a credit card does. A credit card can be compromised or can be used in fraud once you get the neccessary details of the card and the owner hile in bitcoins the only way you can get access to it is if you have control of the private key.

many reason for Customers use bitcoin, bitcoin is easy to use, low fee transaction, fast transaction but "sometimes" we need wait long time until get confirmation transaction.

FTFY

I think people are gonna use the bitcoin for sure, due to the fact that its getting bigger everyday and its get more media attention also.
The point that they should use it is because the bitcoin is very fast, faster than banks.
Also the security is better.
Another important thing why people should use it is because the bitcoin is self controllable.

That's sums it up. Right now this are the main reason for using bitcoin. But when bitcoin becomes or goes mainstream you will see people will spend their coins because it is way easier then any other payment. That day is coming soon.

customers using bitcoin because bitcoin is digital currency is very easy to use

My reasons are:

Security- No other payment system is even close to the security of bitcoin. Only you control your coins and there is no need to associate them with your identity. It is this association that makes credit cards so vulnerable. Each time you use one you are sending all the information needed to rob you. And you send it to dozens of people you don't even know.

Price- You may think credit cards are free, but that is just not true. Someone has to pay the 3% and it will be passed on to you, the buyer. Go to a place like overstock.com and you will notice that if you pay with bitcoin the price is 3% lower. That could be quite a bit of money over time.

Speed- Credit cards may seem fast but in reality it takes days or months for a charge to clear. With bitcoin I can buy something and the seller can ship or provide services within minuets or hours. The seller has the money, not just a promise of money.

Unassailable universal wealth- With other payment systems you are a visitor and subject to whatever rules the processor feels like imposing. These systems are backed by currency that is also beyond your control. You can use it when, where, and if you are permitted. It is not your money.
With bitcoin I decide who I want to pay, regardless of where they are. I decide the terms with the only other party involved. It is truly a free market and no one can do anything to coerce or dissuade me from doing what I want. 

This is one of the huge issues with Bitcoin and it going mainstream; it isn't convenient enough or simple enough for most people to want to use it. If Bitcoin was a bit more straightforward and had less complicated systems for transferring Bitcoin (among other things), it would likely be a bit more popular.

Most customers wouldn't use Bitcoin. You first have to understand the concept of Bitcoin before you can really use it. It is not for people that aren't into technology. I am still leaning about it even after a year of using it. It is a very complicated currency, unlike fiat which is very straight forward.

People are using the bitcoin for there fast/secure method, also it can be profitable at the end so that is another good thing.
Why customers should use it, is because its fast and self controllable they are controlling their own money.

I don't talk about myself but just shared example from my friend.

In 99.9% of the cases, the only option is prepaid credit card. Or parents. Or friends.
Because most online retailers do not accept BTC.
How is it you can't have a bank account, anyhow? Where do you live/what have you done?