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Author Topic: Why would customers use Bitcoins?  (Read 133882 times)
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December 18, 2015, 08:39:57 PM
 #141

Somewhat anonymous, no fees, easy to use, no restrictions, owned by the people, public currency.
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December 18, 2015, 08:44:36 PM
 #142

Customers would use bitcoin for many good reason, the first one is the fees that are very less (near zero) and it does not matter if it is international or within the same country, no need for additional verification like banks or paypal requires you etc.
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December 18, 2015, 09:15:30 PM
 #143

Consumers can safe ton's of money because of the low fees. It is the main incentive to use bitcoin for consumers.

Being in control of your money makes it the even better.

The fact that you can make international tranfers makes it the best.

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December 18, 2015, 09:19:31 PM
 #144

No different from using a card. I'm sure when cards first started people thought it would never get of the ground and people would always use cash. I rarely carry cash always got a phone or cards on me tho.

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December 18, 2015, 09:30:31 PM
 #145

One of the advantages for customers using bitcoins instead of cash is that they can go all over the world and pay for their items and services with no
need to convert their funds into local currencies where they lose portion of money due to conversion fee's.
Ofcourse, this brings up the issue of acceptance, but there is an increasing number of businesses accepting it, so a well planned travel arangement solves that issue.
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December 18, 2015, 09:36:39 PM
 #146

What will soon happen is that the re sellers will calculate that into their product cost in which they would be the ones covering that fee.  This will make us customers feel more secure and not be so frustrated when paying a fee for something that they are purchasing.

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December 21, 2015, 07:46:21 AM
 #147

What will soon happen is that the re sellers will calculate that into their product cost in which they would be the ones covering that fee.  This will make us customers feel more secure and not be so frustrated when paying a fee for something that they are purchasing.

Yeah! unlike those credit cards where you are paying what you didnt get. It is not stealing? Here you can pay of what is just have to be paid. No more, no less. You can see your balance and you control how many you will spend.
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December 21, 2015, 11:51:09 AM
 #148

If there is a discount of 5% or more, I will use bitcoin. 5% can help offset the cost of buying bitcoin for me.
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December 21, 2015, 12:05:09 PM
 #149

If there is a discount of 5% or more, I will use bitcoin. 5% can help offset the cost of buying bitcoin for me.

It seems you don't understood how bitcoin's price increase and decrease, i advice you to read more about this before posting. There is no discount because it's depending in the market and many factors which can increase the bitcoin's price or decrease it
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December 21, 2015, 12:25:59 PM
 #150

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?
much more secure all your transactions are secure and anonymous nowadays it's very common to read and here about atm scheming where they access all the information on your credit card using even a very small device and beside bitcoin are a good investment and of course we all know you have to pay interest in keeping your card


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December 21, 2015, 12:38:12 PM
 #151

If there is a discount of 5% or more, I will use bitcoin. 5% can help offset the cost of buying bitcoin for me.
There are more conventional ways to buy which you will not need that 5%.  I buy through Coinbase and I never have the need or concern for a fee that high.  If I am exchanging for USD from BTC I agree that a 5% would be a nice nitch, but I just keep it and trade.  There is no reason to turn it into my currency unless there is something I can not buy with BTC. 

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December 21, 2015, 12:51:19 PM
 #152

I think many users and customers use bitcoin because it's decentralized currency with low fees so it's better than other reversible payment methods like Paypal and so on
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December 21, 2015, 03:26:02 PM
 #153

If there is a discount of 5% or more, I will use bitcoin. 5% can help offset the cost of buying bitcoin for me.

It seems you don't understood how bitcoin's price increase and decrease, i advice you to read more about this before posting. There is no discount because it's depending in the market and many factors which can increase the bitcoin's price or decrease it

there is , try to use purse, you can have 25% discount easily, for small item, i've already bought something with 25% discount, it fell good to save that much on every order
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December 21, 2015, 03:58:14 PM
 #154

I think many users and customers use bitcoin because it's decentralized currency with low fees so it's better than other reversible payment methods like Paypal and so on


Pretty much my case as well. But not much percentage of people appreciate the safety of Bitcoin they hold, and thus only the cheap transactions does not justify the lil more complicated process of obtaining and spending Bitcoins than is using credit card. But it does not matter much, because Bitcoin is not ready for higher transactions volume anyway.

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December 21, 2015, 04:01:30 PM
 #155

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?

easy, the fact that the seller does not have to pay 2% fees on his sales should hopefully mean that you as the purchaser pay much less for your items  Grin
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December 22, 2015, 12:10:20 PM
 #156

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?

easy, the fact that the seller does not have to pay 2% fees on his sales should hopefully mean that you as the purchaser pay much less for your items  Grin
I do not think that sellers are going to be willing to have two different prices for those paying with Bitcoin and those paying using another method. If they were going to do this, they would have done it by now when it comes to credit cards.  What I do think is that the re-sellers will soon accept this fee as part of their price.  This will make the customer more happy and avoid the argument about the small fee charged.

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December 22, 2015, 12:36:59 PM
 #157

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?

easy, the fact that the seller does not have to pay 2% fees on his sales should hopefully mean that you as the purchaser pay much less for your items  Grin

Yeah that's the reason some merchants add an extra cost when you buy with paypal.

it's simple to expensive to use and with the extra fee, paypal becomes also more expensive for consumers.

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December 22, 2015, 12:43:42 PM
 #158

With credit cards it's easier to scam, you only need the information that's on the card to use it. Credit cards work way different from bitcoin. You have to pay for the card and the account. With bitcoin you don't have to do neither, there's a small transaction fee and that's pretty much it. The transaction time to transfer money over is little as well, unlike any other bank.
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December 22, 2015, 01:06:34 PM
 #159

customers using bitcoin as more practical and faster

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December 22, 2015, 01:32:32 PM
 #160

customers using bitcoin as more practical and faster

Not Only that, Bitcoin transaction having very transaction fee when compared to Paypal or Western Union. Need to get approval from bank for transaction So Time consumption is very less. No need pay the handling taxes. So Consumers can use this.
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