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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)
btcltccoins
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April 03, 2016, 04:41:54 PM
 #661

Actually in my city hardly 200 people know about BTC but in my country over 10k users know !

Since not people knew it and even those who know about bitcoins, mostly save them for the future, hoping for the increase in the price.
But there is a trade off, once to keep most of coins in saving and not use them, they will not become popular very soon.
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April 03, 2016, 05:30:18 PM
 #662

I use my bitcoins as a mixture of gambling and trading. I probably never used any of the options. Theses 2 things are probably the ones I most use excluding investing which I always do.
I am also using my bitcoins for gambling as well as for some porn downloading. I believe many people are also using bitcoins for this two. These two are my most favorite entertainment, luckily I'm able to spend my bitcoins for them.

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BitcoinMalaysia
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April 03, 2016, 11:52:49 PM
Last edit: April 04, 2016, 11:16:49 PM by BitcoinMalaysia
 #663

I use bitcoin for:

(1) Remittances

When I need to move currency quickly between borders, I usually get it shipped across borders faster by selling bitcoins in the target country & converting it to cash, and simultaneously buying bitcoins in the source country with cash.

(2) Investments (Real-world)

I use bitcoin for investments in real world businesses:
(i) Easier to move bitcoin and convert it into fiat as cash to invest (see above)
(ii) Alternatively, I invest bitcoin - and keep it denominated in bitcoin - and have it invested in real world investments.

The best example of (2)(ii) that I have come across is Keza, which facilitates global index investing (e.g. the S&P 500).  Everything is kept in bitcoin - and my investment is indexed globally to actual real-world stocks (e.g. the S&P500).  It's almost like my preferred bitcoin wallet.

http://themerkle.com/bitcoin-investment-startup-keza-unveils-ios-beta-app/

https://www.producthunt.com/tech/keza

http://getkeza.com/ (It's free to apply for a Keza account)
Monnt
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April 04, 2016, 12:00:19 AM
 #664

I use it for purchasing digital goods anonymously. It protects me when working with untrusted sellers, protecting me from identity theft.
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April 04, 2016, 04:11:42 AM
 #665

I use it for purchasing digital goods anonymously. It protects me when working with untrusted sellers, protecting me from identity theft.

You mean like VPN's or things that are digital?  Grin For me it is the VPN that is worth the usage of bitcoin. Thanks to it I can change my IP so I wont be traced or sometimes friends go to me when they want to purchase some premium items from their games which needs IP from their own countries.
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April 04, 2016, 05:25:24 AM
 #666

I use it for purchasing digital goods anonymously. It protects me when working with untrusted sellers, protecting me from identity theft.

Me im using bitcoin for various things like investing so i can mulipty my bitcoin for a short period of time And i do reaserch on when i putting it. For service i pay bitcoin if i have project and pay it as a service fee its easy and affordable to transact with bitcoin.

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April 04, 2016, 05:47:35 AM
 #667

Currently i am just focusing on earning more and more bitcoins so that i could save it as an investment and sell them when the price increases.
I have used it for just some micro-payments.

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April 04, 2016, 06:21:20 AM
 #668

I have stopped using now, I am just holding it for future as price will be good in future so will convert it to my local currency which will give me higher value of fiat.
that is good idea,hold bitcoin is people right,they can do anything with their bitcoin,for people who know that future bitcoin would be better,they will hold it until bitcoin price raise so high,for me i used bitcoin sometime,but also i hold it for price increase.
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April 04, 2016, 06:30:59 AM
 #669

I mainly have bitcoin to save and as a form of investment.. I am also doing trading with it but not big time...My earning from bitcoin is not a part of my daily income..I am only using it and convert it to fiat when needed...
I am also using bitcoins as an investment for my bright future. Those who are believing in the future of bitcoins, definitely will be interesting in saving with the bitcoins. I am also doing systematic monthly investment into bitcoins buying.

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April 04, 2016, 10:44:01 AM
 #670

I actually do for bitcoin is to save,invest and gather more. Because bitcoin is walking zombie no one know how far it can go. And saving it is good idea to earn more years by years bitcoin price is rising and thats good to us bitcoin users here. And i am investing it to multiply faster so in future i have lot and lots of bitcoin with high value of price.
You must be doing what we really needs to act right now with bitcoins. But you must believe with bitcoin for your secured future. Bitcoin will survive for centuries and if you hold your bitcoins then you will definitely will become a millionaire. Yes, bitcoin will go far as long as this world go.
$_Aleks_$
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April 04, 2016, 10:46:43 AM
 #671

Investment ;)javascript:void(0);
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April 04, 2016, 06:32:36 PM
 #672

I use my bitcoins as a mixture of gambling and trading. I probably never used any of the options. Theses 2 things are probably the ones I most use excluding investing which I always do.
I am also using my bitcoins for gambling as well as for some porn downloading. I believe many people are also using bitcoins for this two. These two are my most favorite entertainment, luckily I'm able to spend my bitcoins for them.
Yes both gambling and porn industries will evolve to new higher levels just due to the fact of adopting bitcoins payments. Definitely these two sectors will gain huge number of members just due to bitcoins payment system.
Bestwishes745
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April 04, 2016, 09:47:42 PM
 #673

I use my bitcoins as a mixture of gambling and trading. I probably never used any of the options. Theses 2 things are probably the ones I most use excluding investing which I always do.
I am also using my bitcoins for gambling as well as for some porn downloading. I believe many people are also using bitcoins for this two. These two are my most favorite entertainment, luckily I'm able to spend my bitcoins for them.
Yes both gambling and porn industries will evolve to new higher levels just due to the fact of adopting bitcoins payments. Definitely these two sectors will gain huge number of members just due to bitcoins payment system.
yes there are a lot of people who wanted to join some porn sites but due to some reasons maybe country probihition they werwe unable to use their credit cards for that sites , now they are able to pay for these sites , so these sites are much happy with bitcoin.
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April 05, 2016, 12:54:18 AM
 #674

I normally occupy it for small business transactions. I don't do any heavy online shopping with it as funny as I'd like to think that is as Bitcoin can reduce the possibility of hacked monetary information.
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April 05, 2016, 12:58:05 AM
 #675

I actually use bitcoin for deepweb. Haha  Roll Eyes Other than that, since our website offering transaction for load (for mobile phones) i use it when im in need of it. I also invest and use it on trading to gain more bitcoins.

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April 05, 2016, 01:02:27 AM
 #676

I actually use bitcoin for deepweb. Haha  Roll Eyes Other than that, since our website offering transaction for load (for mobile phones) i use it when im in need of it. I also invest and use it on trading to gain more bitcoins.
Just wondering, what exactly are you buying from the deep web? Also, why would you openly admit that?
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April 05, 2016, 01:05:17 AM
 #677

I use it for gambling and trading
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April 05, 2016, 01:08:04 AM
 #678

I actually use bitcoin for deepweb. Haha  Roll Eyes Other than that, since our website offering transaction for load (for mobile phones) i use it when im in need of it. I also invest and use it on trading to gain more bitcoins.
Just wondering, what exactly are you buying from the deep web? Also, why would you openly admit that?

If your are wondering about what can i buy or view in deepweb. Try to search in google brother on what you can see in deepweb. Its okay to admit it. Since they don't have evidence when or how i entered deepweb. They dont know me too. So no problem with that. Smiley

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April 05, 2016, 03:13:12 AM
 #679

I use it for gambling and trading

I too use my bitcoin in gambling as I have not found some other stores or source to spend my bitcoin directly. The remaining part I convert to fiat for regular needs.

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arwin100
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April 05, 2016, 05:42:18 AM
 #680

I use it for gambling and trading

I too use my bitcoin in gambling as I have not found some other stores or source to spend my bitcoin directly. The remaining part I convert to fiat for regular needs.

I use also some of my bitcoin in gambling because its easy to bet using bitcoin and it give high returns if the odda is big. And some is for investment so i can multiply my bitcoins for the period of time and obviously i choose and select on whati am going to join i do research and i do tradings crypto currencies. And i also use bitcoin to pay some task. When i need something in online i make bitcoin as payment.

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