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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)
zeraTunerse
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June 18, 2015, 07:52:11 PM
 #81

I use Bitcoin for a few main reasons. One main reason is for online purchases. In my opinion, Bitcoin is way easier and convenient to use for making online purchases. I prefer Bitcoin over Paypal. I also use Bitcoin as a hobby and for speculation.

Bitcoin has made online purchase much more easier and convenient as compared to the past. And it is for sure that it is better as compared to make purchases using credit card or paypal account. As you just need to transfer bitcoins to bitcoin address that makes it much more simpler.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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June 18, 2015, 08:00:57 PM
 #82

I have my saving and investments on bitcoin  Tongue
I have made some purchases in fasttech and gearbest
I gamble in some websites
and I make some money transfers to other bitcoiners

I use it more than I thought
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June 18, 2015, 09:00:26 PM
 #83

I have my saving and investments on bitcoin  Tongue
I have made some purchases in fasttech and gearbest
I gamble in some websites
and I make some money transfers to other bitcoiners

I use it more than I thought

Yeah bitcoins have changed my way of looking at the currency and the payment systems. I feel so relaxed now to make a payment over the internet and the best thing is I got rid from my credit card and its annual fees and even I get my phone credits by using bitcoins.
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June 18, 2015, 09:02:22 PM
 #84

I have my saving and investments on bitcoin  Tongue
I have made some purchases in fasttech and gearbest
I gamble in some websites
and I make some money transfers to other bitcoiners

I use it more than I thought

Yeah bitcoins have changed my way of looking at the currency and the payment systems. I feel so relaxed now to make a payment over the internet and the best thing is I got rid from my credit card and its annual fees and even I get my phone credits by using bitcoins.
me too, I have so excited that it is so easy to move money with bitcoin,anonymously,quick and zero fees!
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June 19, 2015, 04:48:33 AM
 #85

I use bitcoin to invest, trading altcoin. And I also use Bitcoin to send money for more efficient and faster

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June 19, 2015, 05:18:00 AM
 #86

I use Bitcoin for a few main reasons. One main reason is for online purchases. In my opinion, Bitcoin is way easier and convenient to use for making online purchases. I prefer Bitcoin over Paypal. I also use Bitcoin as a hobby and for speculation.

Paypal is something very boring and hectic and I think now it has become a history. Bitcoin is a future and will change the financial system for sure and I generally prefer it for online money transfers as it is very safe and at lower fees and also a time saving process.
The main problem is getting the BTC in the first place. The average joe sees a hassle to convert their dollars or euro into BTC before purchasing or paying. Only when jobs are offered to be paid in BTC we'll see more usage by "normal" people.

That is true If the companies starts paying their employees their salary in Bitcoins then it would create a great impact the adoption and the usage of bitcoins, We want that the demand of bitcoins should go high then only there would be a stability in the value of bitcoins.
i think we still have a long way to go until employers can pay their employees their salary in Bitcoins. and employees want their salary in bitcoin. because there is still not enough usage for bitcoin to make this plausible. for example if you want to pay your mortgage, buy groceries, pay the bills and all other expenses, you have to pay with fiat (for most of them). and this means just an additional work to pay for things.

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June 19, 2015, 08:36:23 AM
 #87

With btc price going up , I convert some of my btc in our currency and take the advantage of selling prepaid products here in our country.

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June 19, 2015, 08:55:18 AM
 #88

I use bitcoin everyday for trading/investing, I do this because I enjoy it and the added benefit is I've made a fairly nice living from it, so it won't be stopping anytime soon /hopefully\.. I also use it to send to family members who have little and no bank account to recieve it to, it is a brilliant way to transfer money.
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June 19, 2015, 09:05:54 AM
 #89

why only two options? actually i have at least  4 options for that so iam going to chose online shopping and money transfer because i always do that more than speculation/investment/saving and gambling but actually i use bitcoin for all of them Cheesy
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June 19, 2015, 10:16:47 AM
 #90

actually i want to vote 3 options but if only can choose 2 i will choose Online shopping,Gambling and for a gambling i'm not use that very often only if any giveaway
maybe The most often use is online shopping because i use bitcoin to recharge my phone number
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June 19, 2015, 10:30:44 AM
 #91

I use BTC for gambling and shopping because is very easy to pay and your transactions are 100% anonymous but I think BTC are the best method to save your money atm with gold. In fact if prediction are correct, in the next 2 years we'll have a increase in our small heritage. Not bad to get 200/500% of what you have invested Cheesy
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June 19, 2015, 01:53:57 PM
 #92

I use BTC for gambling and shopping because is very easy to pay and your transactions are 100% anonymous but I think BTC are the best method to save your money atm with gold. In fact if prediction are correct, in the next 2 years we'll have a increase in our small heritage. Not bad to get 200/500% of what you have invested Cheesy
i agree. gold is a good investment besides bitcoin. i started investing in gold recently and i am happy with my investment, because it is a good investment with lowest risks of losing. and i try to increase my bitcin investment because it has the bigger profitability.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 19, 2015, 03:52:35 PM
 #93

I chose Speculation/Investment/Saving and after seeing results was not surprised at all. It this early stages a lot of people just hope to get rich or at least a little bit richer by holding an asset which is supposedly meant to become worth many times more sometime.. I gambled a little bit, but if I'm to spend it shopping it would be bitcoin asic miner, otherwise I would pay in fiat Tongue

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June 19, 2015, 04:04:38 PM
 #94

Whos the one guy that uses Bitcoin for porn here ?  The adult market is pretty behind i guess, well with all the free porn on the major adult sites now. maybe someone can get bangbros to take btc.
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June 19, 2015, 04:07:06 PM
 #95

Hard to decide since we are limited to two option.. Picked Speculation/Investment/Saving and Web services at last. Well, I save some of my Bitcoin hoping that the value of it would rise in a year or two. I also spend the rest online shopping. I mainly wanted to use my Bitcoin for online shopping. However, most of the time what I purchase in digital content/item such as Web hosting / domains and scripts. I only managed to purchase two physical products from Amazon.com since I started using Bitcoin. Google Cardboard came around May and a gaming mouse which is shipping to me soon.

Here is the five reasons why I use Bitcoin for with no particular order:

Speculation/Investment/Saving.
Online shopping.
Money transfer.
Web services.
Digital downloads - I hope botting scripts count.. :/.

Also.. I wonder who is the one and only picked the Por*..

So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.

Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!

Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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June 19, 2015, 04:15:05 PM
 #96

Actually, I'm using bitcoin for many things from money transfering to investments and trading. Bitcoin is good for anything. Wink
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June 19, 2015, 04:16:42 PM
 #97

Voted for Gambling & Online shopping. (I like to spin slots).



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June 19, 2015, 04:31:05 PM
 #98

I don't see trading anywhere as such, think about it, the prices are so volatile, buy at less sell at more, and once you have sufficient volume the margin that it offers is really alluring.
Safety is a concern though. But I've been reading about prospective solutions to the safety issues revolving around lending or trading or ecommerce.
The market needs disruption and hopefully, that's exactly what it will get.
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June 19, 2015, 05:10:57 PM
 #99

I keep them as a long-term investment
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June 19, 2015, 05:24:22 PM
 #100

I give them away to my faucet's users

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