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Question: What do you actually use Bitcoin for? Why?  (Voting closed: July 11, 2015, 04:32:11 PM)
Speculation/Investment/Saving - 70 (34.7%)
Online shopping - 37 (18.3%)
Money transfer - 31 (15.3%)
Micropayments - 7 (3.5%)
Gambling - 18 (8.9%)
Games (other than gambling) - 10 (5%)
Web services - 7 (3.5%)
Digital downloads - 4 (2%)
Porn - 3 (1.5%)
Dark web shopping - 5 (2.5%)
Other - 10 (5%)
Total Voters: 126

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Author Topic: Use cases. What do you actually use Bitcoin for?  (Read 33435 times)
flix (OP)
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June 11, 2015, 04:32:11 PM
 #1

Do you use Bitcoin at least once a month? What do you actually use it for? Why? Is it better, cheaper, faster, more convenient than alternatives? Is it the only option?

If those 120.000+ daily transactions are actually real, there must be thousands of Bitcoin users active every day. What are we actually using Bitcoin for? Are we just true believers or are there real reasons to use Bitcoin instead of other available options?


I figure it's about time that we have a clearer picture of actual Bitcoin use cases. Sure, in a year or two the picture will probably change completely, but it's useful info right now for anyone interested in growing our community.

Please answer in as much detail as possible!
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Amph
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June 11, 2015, 04:42:40 PM
 #2

why only two options, this is the kind of poll that require multiple choice, two it seems too restrictive

basically all of them for me, minus dark web and porn
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June 11, 2015, 04:45:04 PM
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why only two options, this is the kind of poll that require multiple choice, two it seems too restrictive

basically all of them for me, minus dark web and porn

LOL... I wanted to answer 4 too.. but too late to change it. I guess will make respondents prioritise.

Me:

Micropayments (ChangeTip mostly)
Online Shopping  (Travel mostly - I haven't used a card to buy a plane ticket in years)
Speculation   (some trading, some saving)
Web Services  (Domain hosting, etc)
--Encrypted--
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hee-ho.


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June 11, 2015, 04:50:14 PM
 #4

mostly buying pre-paid phone credits. (don't ask me to explain)

sometimes gambling, sometimes buying games if I can afford it.
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June 11, 2015, 04:55:49 PM
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mostly buying pre-paid phone credits. (don't ask me to explain)

sometimes gambling, sometimes buying games if I can afford it.

I am addicted to gambling so generally I use bitcoins for gambling purposes as is the most easiest and convinient way for gambling as you dont have to depended on other to place a bet you are king you simply can go on gambling websites and place a bet and once the bet is won it hardly take minutes to transfer your funds to your bitcoin address.
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June 11, 2015, 04:57:27 PM
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A mixture of both things i can't necessarily speak about, and others I can. In that case anything other than Porn; nothing specified from the list.
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June 11, 2015, 04:59:05 PM
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I use it mostly for Investing, maybe i will use it to buy some games/hardware if i have collected enough Cheesy
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June 11, 2015, 05:26:28 PM
 #8

Do you use Bitcoin at least once a month? What do you actually use it for? Why? Is it better, cheaper, faster, more convenient than alternatives? Is it the only option?

If those 120.000+ daily transactions are actually real, there must be thousands of Bitcoin users active every day. What are we actually using Bitcoin for? Are we just true believers or are there real reasons to use Bitcoin instead of other available options?


I figure it's about time that we have a clearer picture of actual Bitcoin use cases. Sure, in a year or two the picture will probably change completely, but it's useful info right now for anyone interested in growing our community.

Please answer in as much detail as possible!




speculation, saving, and investment ..i find it hard to spend something that i feel is heavily under-valued atm.
jeannemadrigal2
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June 11, 2015, 06:04:08 PM
 #9

Right now I just hold more or less, with a little investing in things like hashnest.  I would use it for money if more retailers accepted it as payment, but until that happens I will just hold on to it like it is an asset.
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June 11, 2015, 06:06:47 PM
 #10

I voted for other.  I guess it is just a hobby at this point.  There is no specific reason that I must use bitcoin, but I am a massive nerd and it is just way too cool to not have some!
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June 11, 2015, 06:21:59 PM
 #11

Bitcoin is my passion and i am just saving my 70% of all coins for bright future, i voted for money transfer and gambling and i also think it need more option to choose in pool for voting, Bitcoin is fastest and the cheapest way of funds transfer and i mostly use it for this purpose.
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June 11, 2015, 07:06:07 PM
 #12

I try to use my coins in many ways. I think of it as a normal payment method so I use my coins mainly to buy stuff online, I gamble with some of it and I save rest for the future ahead...
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June 11, 2015, 07:29:59 PM
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i use my coins quite often. especially to purchase small things from dinodirect. i also have a vps that i pay for with bitcoin. so i indeed use my coins.
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June 11, 2015, 07:34:31 PM
 #14

Quote
An Error Has Occurred!
You selected too many options. For this poll, you may only select 2 options.

Just about everything.


See this link for a link of most of the sites I use:
https://bitcointalk.org/index.php?topic=943143.0

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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..like bright metal on a sullen ground.


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June 11, 2015, 07:39:23 PM
 #15

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June 11, 2015, 07:44:25 PM
 #16

Right now I just hold more or less, with a little investing in things like hashnest.  I would use it for money if more retailers accepted it as payment, but until that happens I will just hold on to it like it is an asset.

Holding is the right option at present as it is assured that the prices of bitcoin will increase in future and it can be profitable for us to sell it when the value goes high but at present I am using it mainly for shopping various products online and also for the gambling purposes.


 

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PolarPoint
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June 11, 2015, 07:45:00 PM
 #17

2 choice is too restrictive. Most bitcoiners use bitcoin for at least 3 to 4 things. I voted investment and gambling. These are the 2 main uses for me. I bought things with bitcoin too, partly for the novelty of it.  Cheesy
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June 11, 2015, 07:48:48 PM
 #18

For awhile when I found bitcoin I was a bit boring and was a hoarder just buying more and more bitcoin but that is not only boring it is dangerous. I now invest and if I have had a good time and profited my weekly/monthly target I then play poker so I gamble, bitcoin gambling is really big business and better than online fiat casino's. I also buy digital goods and deal as much as I can to make a small profit with them. All in all bitcoin becomes more of an enjoyment when you spend, invest and use it.
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June 11, 2015, 09:53:12 PM
 #19

Voted the first two... But I use Bitcoin for the first seven options!!
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June 11, 2015, 10:06:15 PM
 #20

Online shopping, though options are very limited where I'm at, and value transfer. I've paid for stuff in the USA that otherwise would've taken 2-3 goddamn weeks to pay for via conventional methods.

I'll make increasing use of it when more channels are open to me.

I dunno how much can be read into the 120,000 transaction figure. Straightforward wallet movements must account for a lot but it's still a reassuring pulse.


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