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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 33480 times)
gripflierGO
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November 11, 2015, 12:07:36 PM
 #541

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.
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November 11, 2015, 12:48:17 PM
 #542

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.

Same thing I also want to go but the problem is converting bitcoin into fiat in my country. Also the knowledge of receiving bitcoin is very low for my family members to handle bitcoin. So I do not want to risk the living off my family by sending them bitcoin. But in future I will send bitcoin as my salary to my family for sure.
gripflierGO
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November 11, 2015, 12:51:49 PM
 #543

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.

Same thing I also want to go but the problem is converting bitcoin into fiat in my country. Also the knowledge of receiving bitcoin is very low for my family members to handle bitcoin. So I do not want to risk the living off my family by sending them bitcoin. But in future I will send bitcoin as my salary to my family for sure.

Dude, its very simple your family will not involve in it, they will directly receive the money in the form of fiat to their bank accounts, you just need to take care that you enter correct bank details while transferring bitcoins to their local bank accounts as whatever bitcoins you will be sending them they will receive in local currency.
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November 11, 2015, 12:58:18 PM
 #544

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.

Same thing I also want to go but the problem is converting bitcoin into fiat in my country. Also the knowledge of receiving bitcoin is very low for my family members to handle bitcoin. So I do not want to risk the living off my family by sending them bitcoin. But in future I will send bitcoin as my salary to my family for sure.

Dude, its very simple your family will not involve in it, they will directly receive the money in the form of fiat to their bank accounts, you just need to take care that you enter correct bank details while transferring bitcoins to their local bank accounts as whatever bitcoins you will be sending them they will receive in local currency.

Yes. Mr. Upsidedown's family doesnt need more knowledge about bitcoin if they will just receive only since they will receive it as fiat.

But he said he has a problem converting btc's into fiat in their country so I will say it's really hard for now. In my country PH, converting btc in fiat is easy as 1,2,3 so even my loved one doesn't know anything about bitcoin they will just withdraw it in our local atm exchange as fiat based on my instructions.

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gripflierGO
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November 11, 2015, 01:13:57 PM
 #545

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.

Same thing I also want to go but the problem is converting bitcoin into fiat in my country. Also the knowledge of receiving bitcoin is very low for my family members to handle bitcoin. So I do not want to risk the living off my family by sending them bitcoin. But in future I will send bitcoin as my salary to my family for sure.

Dude, its very simple your family will not involve in it, they will directly receive the money in the form of fiat to their bank accounts, you just need to take care that you enter correct bank details while transferring bitcoins to their local bank accounts as whatever bitcoins you will be sending them they will receive in local currency.

Yes. Mr. Upsidedown's family doesnt need more knowledge about bitcoin if they will just receive only since they will receive it as fiat.

But he said he has a problem converting btc's into fiat in their country so I will say it's really hard for now. In my country PH, converting btc in fiat is easy as 1,2,3 so even my loved one doesn't know anything about bitcoin they will just withdraw it in our local atm exchange as fiat based on my instructions.

oh yeah..sorry I didn't notice that he is saying he has a problem to convert BTC to fiat and if that is the case then its a really major problem..as converting BTC to fiat is such simple process. So I want to suggest him that create an account on localbitcoins and can check whether there is any trader from his country who can help him out to convert BTC to fiat.
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November 11, 2015, 01:26:35 PM
 #546

I am starting to know about Bitcoin, but I would like to use it for shopping porpuse.

But I think I will save it for later.

Great idea man! How about when you get profit you use that for your shopping. For now, bitcoin is low but when it rise again you can sell it then buy again when it falls back. Profit from that will be your extra income.

That is the right thing to do, buy when the price is low and hold it till the price goes high so you can sell it and gain some profit out of it and wait again till the price goes down so you can buy some more of it, that would be like your extra pocket money, I generally use bitcoins for online transfers as it is very cheap and time saving.

Online transfers? I use it always for a business regarding loading wallets using your phone. Like a prepaid phone. Rebates are good and have some extra for profit. Here in our country it is used regularly by people so it would be a good business here.

Yeah online transfers, I am staying away from my home and I am working overseas So when it comes to sending money home I send it in the form of bitcoins and it saves my time, my energy and it is cost effective as my major source of income is bitcoins so whatever I earn in bitcoins I straightaway transfer it back home.

Good thing you got a family that also knows about bitcoin. That is hard though. To make a family member believe that I am using this. Besides it will be new for them and some just want it simple like Paypal or other type of money transferring company.
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November 11, 2015, 02:20:12 PM
 #547

oh yeah..sorry I didn't notice that he is saying he has a problem to convert BTC to fiat and if that is the case then its a really major problem..as converting BTC to fiat is such simple process. So I want to suggest him that create an account on localbitcoins and can check whether there is any trader from his country who can help him out to convert BTC to fiat.

Social groups in his country can help too if he can found one like in Facebook. I think at least one group it has in their country. People their can help him find any ways to convert btc's in fiat that he didn't know that's existed.

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November 11, 2015, 06:04:11 PM
 #548

To be 100% honest with you I have a spending problem.. Most of my bitcoins end up going to stickers from my favorite merchant audio. I can't help myself but to stash 100's of his bitcoin stickers and lay them out throughout my entire living space.

Other than stickers, I mostly just buy accounts to stream movies/shows and store my bitcoins like a hoarder.
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November 11, 2015, 06:26:58 PM
 #549

Gambling Mostly, and as an investment to hold onto.  Hoping for that $1M per coin!
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November 11, 2015, 06:37:30 PM
 #550

Used it for the first time last night to buy a pizza, and today i used it once more to top up my mobile phone credit Wink

i believe spending bitcoin, will help bitcoin.

however i wouldn't advise overspending, Saving is always important.
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November 12, 2015, 05:08:57 PM
 #551

Used it for the first time last night to buy a pizza, and today i used it once more to top up my mobile phone credit Wink

i believe spending bitcoin, will help bitcoin.

however i wouldn't advise overspending, Saving is always important.

Where are you living? I wonder where you can buy pizza with bitcoins, that would be great if there's a pizza parlor near you that accepts bitcoin but there is none here.

Buying mobile phone credits seems with bitcoin seems pretty easy right now with the help of www.bitrefill.com

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November 12, 2015, 05:52:07 PM
 #552

Im from the UK, London.

I ordered the pizza or Takeaway.com They accept bitcoin, I hope they offer service where ever you're located Wink I plan on buying Chinese food next lol I actually like using bitcoin to make a purchase because of how quick it was for me (not having to type in card details and go through my banks secure payment gateway)

Bit refill doesn't list my network provider Cry but soon im changing network when my phone contract expires anyway, and the provider im switching too is luckily supported by bitrefill  Smiley
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November 12, 2015, 05:53:31 PM
 #553

Gambling Mostly, and as an investment to hold onto.  Hoping for that $1M per coin!

Same here gambling with bitcoins is something best thing in life as bitcoins allows us to bet with even minimal amount which no other currency allows, So I generally use bitcoins for gambling and also sometimes for my mobile recharge and online shopping but more of that I used for gambling and making some good profits out of it.
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November 12, 2015, 06:02:59 PM
 #554

Im from the UK, London.

I ordered the pizza or Takeaway.com They accept bitcoin, I hope they offer service where ever you're located Wink I plan on buying Chinese food next lol I actually like using bitcoin to make a purchase because of how quick it was for me (not having to type in card details and go through my banks secure payment gateway)

Bit refill doesn't list my network provider Cry but soon im changing network when my phone contract expires anyway, and the provider im switching too is luckily supported by bitrefill  Smiley

I see but unfortunately my country isn't supported on that site Sad (I'm from Philippines BTW) Thanks for letting me know the site anyways Smiley How I wish there's a service like that based here on my country, that's one of my dreams right now. Cheesy

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November 13, 2015, 10:27:54 AM
 #555


I see but unfortunately my country isn't supported on that site Sad (I'm from Philippines BTW) Thanks for letting me know the site anyways Smiley How I wish there's a service like that based here on my country, that's one of my dreams right now. Cheesy

Yup! wish there are pizza parlor here that accepts bitcoin for payments But I think in the near future we will see for sure, there is this site that accept bitcoin when you order pizza but I don't think Philippines is included in their service.
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November 13, 2015, 01:00:57 PM
 #556

I'm saving mostly, occasionally buying and adding to my stash. But I also from time to time shop online and buy video games with Bitcoin.
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November 13, 2015, 01:30:41 PM
 #557

the first choice is have 70%,and its investment,but i think whole of that voters is a rich people  Grin
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November 13, 2015, 02:41:06 PM
 #558

Now, my bitcoin is being used for emergency purposes. If I have nothing for my daily expenses I use it as my back up so that I will something to spend. Thanks to bitcoin my life have become more easier.  Grin

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November 14, 2015, 07:22:47 AM
 #559

the first choice is have 70%,and its investment,but i think whole of that voters is a rich people  Grin

Not necessarily rich people, I think most people who voted investment were those who want to grow and earn more bitcoins with investment. That's also my reason why I am investing , I'm not rich either Cheesy

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November 14, 2015, 11:55:11 AM
 #560

Now, my bitcoin is being used for emergency purposes. If I have nothing for my daily expenses I use it as my back up so that I will something to spend. Thanks to bitcoin my life have become more easier.  Grin

I feel you mate.

Even if I want to hold, urgent situation came. Well at least I can used my saved coins in important matters rather than spending it bullshit reason. But in the past I use to buy liquors with my saved coins lol.

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