Topic: Why would customers use Bitcoins? - page 99. (Read 133913 times)

so many reason why customer use bitcoin,i will write it some.
1. easy to use,you can use it anywhere as you find bitcoin ATM or by smartphone with internet connection
2. friendly for newbie,newbie not feel hard to use and understand bitcoin procces
3. non physical,its benefit for busy man,not have to bring bag or physical wallet
4. easy to carry,just bring smartphone,you can bring payment method
5. fast payment,fast and low fee,its loving by anyone who using payment.

Yeah 3 cent is nothing but that is interesting that bitcoin is your primary payment that is just awesome.

Well I don't use my credit card that often so I am not worried.

I want to use a debit card thats tied to btc but the fees are to high right now with the ones ive seen. Figure it will be a year or so til we have more options. Once that happens I will always use btc.

Well yes but for some things you have to wait until the confirm to use them, but either way much faster than the banks and cc companies. Especially with stuff such as ACH transfers and Wires

nearly instant?
They have always been instant for me!! I think you mean confirmations, which take up to an hour...
but yes, sending instant, confirming not so instant

The one thing I would say that is a plus for bitcoin is that transactions are nearly instant. I personally hate how banks/cc transactions don't show up for a few days.

yes exactly, and also no tax and possible lower cost overall to store and move money!

They use bitcoin because it easy to pay bills and other cause its virtual currency and its true.

Yes if you hold multiple wallets then your bitcoins are safe but still your identity would be disclosed once the purchase is made but I don't think there would be any issue if the small purchases are made using bitcoins, but to be on safer side it's better to keep it safe in cold storage for the future and purchases should be made by using fiat 

That's absolutely true. You can stay anonymous as long as you only transfer money from wallet to wallet. But if you pay for an item or for a service where you need to reveal your identity, anonimity is over. If you want to hide your bitcoins, you need to have a wallet for spending and you need to top it up only very before the purchase. If you can use variety of wallets to top up the spending wallet, you won't be anonymous but your remaining BTC's were still be hidden.

There's no real benefit for average user, bitcoin is a lot harder to use, its volatile nature makes it a gamble to have, and it does not have the normal safe guards credit cards have.

Credit cards are credit, people only have to pay in the end of the month or when the cycle ends, that's probably why they are so common.

The benefit for the merchant is to appeal to a wider audience, specially when bitcoin price goes up and bitcoiners wanna spend their recently obtained riches.

Sending money with bitcoin is fast but more over very cheap. Yes cheap is something everybody wants.
You are doing the same (creditcard or bitcoin) and that is sending money, yet you save over 90% on fees...

You can't compare using bitcoin with using a credit card. Because the credit card companies charge a service fee for every transaction.
I don't know what kind of deal Shift has with Visa to waive these fees in order to pass on the savings of those to the customer.
Coinbase has a card but I would imagine that the pay per use is in order since it's a debit card and all the banks charge you to use their's on every transaction.

No name is needed. I use Frodo Baggins on my online credit card payments for my name (that's not my real name  ).

Many reason for customer to use bitcoin,one of them is small fee,lets compare it with western union or any bank account..it more less fee

if we compare them with the creadit cards then in bitcoin we get safer transaction and its easy to start with nobody needs any course or anything to understand this its simple , secure and also it dont take any credentials to start with

I understand the anonimity part, but in reality it is not neccessary most of the times, like buying groceries, a computer, a cup of coffee. But it definetly is a plus, because of less chance of identity-theft.

A credit card are certainly not the safest option nowadays but still the majority of transactions passes through it. I join the above that the relative anonymity and safety are the main advantages of bitcoin.

The bitcoin transaction is traceable. If you pay with your bitcoin to a on line shop, and the goods is delivered to your home. From that moment on, all the bitcoin in that wallet address will be linked to you. It is not anonymous any more. The authority can ask the shops to reveal your identity.

A rational consumer will always first spend depreciating fiat money while saving the appreciating bitcoin

So you can observe that many people using their easy-to-get fiat money to purchase bitcoin and hold them as long term value storage. Of course not everyone has investment talent, for casual spenders, if they receive bitcoin, they are only interested in how to exchange into domestic fiat currency, similar to when they receiving some foreign currency. But the psychology behind that behavior is interesting, indicating that they have more trust in domestic fiat currency, maybe because they were used to it since they were born

It is also interesting to study the behavior of those European people cross the transition period, e.g. changing from their domestic currency to Euro. Would they still use their domestic currency or those domestic currencies totally crashed to no value? I guess in this regards people are blindly listen to what banks tell them, since without bank they can not do any large transaction

A latest example is Swedish central bank's new cash notes:
http://www.riksbank.se/sv/Sedlar--mynt/Sedlar/

Under the old note, it states: Valid until 30 June 2016. What is the meaning of this?  How come a money will suddenly lose its value after a certain date? Now you can see people are not really trusting their domestic currency, they are just blindly follow the directive of their central bank

And this demonstrated a weakness of bitcoin: There is no powerful organization like a central bank behind it, but all voluntarily bitcoin accepting merchants