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co5hike
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July 23, 2016, 12:22:19 AM |
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Bitcoin offers various benefits to its users and it depend on an user where he want to use it, either to use it as an investment or as a currency to buy products or for money transfers.
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danherbias07
Legendary
 Offline
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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July 23, 2016, 12:25:57 AM |
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As i research the internet, here are the reason why customers should use bitccoins.
Fast - Bitcoin transaction is fast, it is done in an instant.
Secure - Bitcoin is secure. Security thru priv key that only owner have access. No one can steal your transaction from merchant.
It isnt inflationary - Unlike paper money where government keep on producing paper money, Bitcoin have fix amount of 21m that can be mine over century.
And that is all the reason for customers to use it. It doesnt say switch to this currency, just a good option. That is why I am still thinking why we dont have a great population here? |
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betohell
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July 23, 2016, 12:36:41 AM |
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It is hard to get alot of bitcoins, but its not from a government, thats why i use it
nope I think the ease of obtaining bitcoin it depends on your job. if you're smart in the work I'm sure you can get many bitcoin easily |
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terman45x
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July 23, 2016, 01:50:38 AM |
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It is hard to get alot of bitcoins, but its not from a government, thats why i use it
nope I think the ease of obtaining bitcoin it depends on your job. if you're smart in the work I'm sure you can get many bitcoin easily If you hold good skills then no one can stop you from earning bitcoin in a good amount, I am using it in trading and for money transfers as it involves very less fees. |
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warwar
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July 23, 2016, 02:05:05 AM |
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for me as a customer . I do prefer paying bitcoins because it is easy. just get the wallet and pay  easy as pie. |
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coinsocieties
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July 23, 2016, 02:21:51 AM |
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Bitcoins are an easy way to do a transaction. When you are using bitcoin, you are sure your funding is there when you spend it. There is no way of over drafting your account and becoming in debt to the bank. They will use it because it is convenient.
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STT
Legendary
Offline
Activity: 3906
Merit: 1413
Leading Crypto Sports Betting & Casino Platform
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July 23, 2016, 03:07:40 AM |
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It is hard to get alot of bitcoins, but its not from a government, thats why i use it
Its useful to hold for digital goods especially and countries undergoing any big change, citizens shouldnt have to bear the cost of events outside their own influence but often a population gets used like that. Anyone who wants to buy something sold globally should have a bit of bitcoin, lots of countries even in the west have giant amounts of debt and you can lose overnight with some new politics. Uk leaving EU or Putin causing some trouble is going to be obvious news that makes people poorer trying to buy or save up for something sold online |
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Superbitzz
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July 23, 2016, 03:47:51 AM |
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for me as a customer . I do prefer paying bitcoins because it is easy. just get the wallet and pay easy as pie. it is easy for you to use bitcoin as compare to fiat money, because you may have sound knowledge about bitcoin and the secondly that you will have provide opportunities to use bitcoin in your area. but in most of the area people do not have more knowledge about bitcoin and there is no such facility to use it in their local market. |
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JeffBrad12
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July 23, 2016, 03:51:44 AM |
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Bitcoin offers various benefits to its users and it depend on an user where he want to use it, either to use it as an investment or as a currency to buy products or for money transfers.
Something is can make someone or above want to following that, it's all about benefits they can get from there. not become the public secret. bitcoin with a lot of advantages can make it. but sometimes the advantages can become disadvantages if the things are falling into a wrong hand. |
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dunfida
Legendary
Offline
Activity: 3080
Merit: 1130
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July 23, 2016, 04:00:52 AM |
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for me as a customer . I do prefer paying bitcoins because it is easy. just get the wallet and pay easy as pie. it is easy for you to use bitcoin as compare to fiat money, because you may have sound knowledge about bitcoin and the secondly that you will have provide opportunities to use bitcoin in your area. but in most of the area people do not have more knowledge about bitcoin and there is no such facility to use it in their local market. People who have knowledge would have some advantage compared to those who doesnt even know what bitcoin is. Some country have already the facility to accept bitcoin as a payment but to those who live in 3rd world country wouldnt even know what bitcoin is all about and some didnt ever heard about it. |
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bitcoinmasterlord
Legendary
Offline
Activity: 1148
Merit: 1006
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July 23, 2016, 05:07:40 AM |
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for me as a customer . I do prefer paying bitcoins because it is easy. just get the wallet and pay easy as pie. it is easy for you to use bitcoin as compare to fiat money, because you may have sound knowledge about bitcoin and the secondly that you will have provide opportunities to use bitcoin in your area. but in most of the area people do not have more knowledge about bitcoin and there is no such facility to use it in their local market. People who have knowledge would have some advantage compared to those who doesnt even know what bitcoin is. Some country have already the facility to accept bitcoin as a payment but to those who live in 3rd world country wouldnt even know what bitcoin is all about and some didnt ever heard about it. It is not only in third world countries but even in USA or any other developed countries many people don't know much about how to use these bitcoins. Only a few % of people are using these bitcoins as of now, and this market is just around 10 billion, and if you expect everyone to use then, it has to grow a lot and also not all mainstream businesses are not accepting bitcoins still. |
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opossum
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July 23, 2016, 05:34:12 AM |
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for me as a customer . I do prefer paying bitcoins because it is easy. just get the wallet and pay easy as pie. it is easy for you to use bitcoin as compare to fiat money, because you may have sound knowledge about bitcoin and the secondly that you will have provide opportunities to use bitcoin in your area. but in most of the area people do not have more knowledge about bitcoin and there is no such facility to use it in their local market. People who have knowledge would have some advantage compared to those who doesnt even know what bitcoin is. Some country have already the facility to accept bitcoin as a payment but to those who live in 3rd world country wouldnt even know what bitcoin is all about and some didnt ever heard about it. It is not only in third world countries but even in USA or any other developed countries many people don't know much about how to use these bitcoins. Only a few % of people are using these bitcoins as of now, and this market is just around 10 billion, and if you expect everyone to use then, it has to grow a lot and also not all mainstream businesses are not accepting bitcoins still. Yeah I have many friends in USA but they have not heard about bitcoin yet and its bit surprising, and many people from third world countries are aware about it and they are also using it. |
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davis196
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July 23, 2016, 05:57:59 AM |
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I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
You can`t compare credit cards with bitcoin.Using a credit card is like having a loan. Bitcoin is your own money.Using btc is like using paypal.There is a fee for every transaction. The bitcoin transaction fee is lower than the paypal fees. |
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cambda
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July 23, 2016, 06:08:35 AM |
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I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
You can`t compare credit cards with bitcoin.Using a credit card is like having a loan. Bitcoin is your own money.Using btc is like using paypal.There is a fee for every transaction. The bitcoin transaction fee is lower than the paypal fees. Yeah and people who are using bitcoin will never prefer to use Paypal now as they are aware that bitcoin fees it too low in compare to Paypal. |
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langedwig
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July 23, 2016, 06:14:40 AM |
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It's irreversible, which is one of the main things, plus it's practically a debit card, instead of a credit card, plus it's an asset that's profitable if you hold. And it's always accurate and quick in transactions. The system is well secured.
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ASHLIUSZ
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July 23, 2016, 11:31:29 AM |
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I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
You can`t compare credit cards with bitcoin.Using a credit card is like having a loan. Bitcoin is your own money.Using btc is like using paypal.There is a fee for every transaction. The bitcoin transaction fee is lower than the paypal fees. Yeah and people who are using bitcoin will never prefer to use Paypal now as they are aware that bitcoin fees it too low in compare to Paypal. Bitcoin is superior to Paypal in every way; however, it won’t be until Bitcoin has the same market capitalization as Paypal that we will truly begin to see Bitcoin’s widespread use in lieu of Paypal around the world. In the meantime, it’s always a possibility that Bitcoin will be allowed as a way for Paypal users around the world to fund their still-fiat-denominated accounts. |
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Jukagid
Newbie
Offline
Activity: 64
Merit: 0
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August 06, 2016, 12:53:51 PM |
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It's irreversible, which is one of the main things, plus it's practically a debit card, instead of a credit card, plus it's an asset that's profitable if you hold. And it's always accurate and quick in transactions. The system is well secured.
Bitcoin is different from fiat. If you hold it, the value will increase. If you use it, the value will also increase. |
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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August 06, 2016, 12:55:51 PM |
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Bitcoin holds multiple benefits and people uses it according to their convenience and the advantage that best fits them, its difficult to point single benefit of using bitcoin.
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randy8777
Legendary
Offline
Activity: 896
Merit: 1000
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August 06, 2016, 01:03:14 PM |
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It's irreversible, which is one of the main things, plus it's practically a debit card, instead of a credit card, plus it's an asset that's profitable if you hold. And it's always accurate and quick in transactions. The system is well secured.
Bitcoin is different from fiat. If you hold it, the value will increase. If you use it, the value will also increase. people holding their coins and the price to go up makes sense, but i don't see how actual usage will increase the price? to be more clear, usage in what way? spending as in buying things at merchants accepting bitcoin? if so, then it won't really help in increasing the price as the coins get converted to fiat directly as merchants use payment providers such as bitpay to handle all transactions. |
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xJuturna
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August 06, 2016, 01:06:22 PM |
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Well first off bitcoin raises (and lowers) in value over time. Money does in a sense but not in the same way as bitcoin. Also transactions have an anonymity characteristic that far exceeds debit / credit card transactions. Finally, you can use bitcoin all over the world where as most online services and card companies are unwilling to do this, or extremely cautious causing a lot of headache for the consumer.
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