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Author Topic: Why would customers use Bitcoins?  (Read 133882 times)
greBit
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July 04, 2016, 10:52:54 PM
 #981

They can use it as a currency or also as an investment for the future, bitcoin is also good for online shopping and money transfers, there are many advantages attached with bitcoin.
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July 04, 2016, 10:54:02 PM
 #982

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?
I just want to correct you about 3cents fee you mention the fee of transaction it's depends of wallet you use I use my local online wallet and there's no fees with my transaction.
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July 04, 2016, 10:56:51 PM
 #983

One of the reasons I have to support for customers to use bitcoin, would be that of business which is embarrassing to the customer.  For example, if you are into leather and straps and your other half is not, you may want to be subscribed to a website like this.  With bitcoin, you can make a payment without the ability to see what you paid for.



                                                                                                                                             
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July 05, 2016, 02:28:17 AM
 #984

More customer used bitcoin its because of bitcoin is wearing a very good way rather than a credit card. In other words is Bitcoin could pay all our needs without any burden in later life, as we know that credit cards are indeed similar to credit card only Bitcoin is very detrimental to our future, because they attract our money every month with interest rates far greater than the cost of paying using Bitcoin.
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July 05, 2016, 03:26:56 AM
 #985

There are many advantages to bitcoin. Creating and account or wallet is a very easy process. The transactions are very fast and also cheap. The account data of users is stored more securely.

Don't forget that banks charge a maintenance fee, whilst there is no such fee for bitcoin. Also, when doing transactions with bitcoin, merchants can't charge extra fees on anything without the consumer being aware of it.

Also not to mentioned, that the bitcoin wallet holder identity is anonymous and he does not need to disclose his identity even  on making the wallet and also while doing transactions.
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July 05, 2016, 07:03:12 AM
 #986

How about comparing it to Paypal. In paypal you would need your account to be verified for it to be used to some certain shops. Without it there is no use. It is just like a storage of money.
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July 05, 2016, 07:05:38 AM
 #987

the current average of people in the world are the brands that have high mobility. No think most people would want the ease and speed in every transaction. and bitcoin is the answer to all the problems that exist.
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July 05, 2016, 07:21:21 AM
 #988

How about comparing it to Paypal. In paypal you would need your account to be verified for it to be used to some certain shops. Without it there is no use. It is just like a storage of money.

It is very hard to use paypal. You must be verified before having transactions and you must get a visa or mastercard before they are going to verify you so it is better to use bitcoin.
It is less hassle to  use bitcoin that's why customers should use bitcoins.

I agree, there are lots of process to undergo, from signing up to filling up your card number.  But Bitcoin 3rd party site needs verification too LOL, even a selfie of yourself.  Well that is if you want to use Bitcoin as payment to those establishment affiliated with them in Bitcoin. But if we are to pay directly from our wallet, as you said it is less hassle.  It is as easy as point and click with copy paste in between.  So less hassle for those who want to pay in BTC directly from wallet.

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July 05, 2016, 07:24:16 AM
 #989

Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
Costumers are using bitcoins because they also want to make some profit with this cryptocurrencie you know there are allot of people
interested into the bitcoin right now and that is not strange because the price will rise again.
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July 05, 2016, 08:43:28 AM
 #990

How about comparing it to Paypal. In paypal you would need your account to be verified for it to be used to some certain shops. Without it there is no use. It is just like a storage of money.

It is very hard to use paypal. You must be verified before having transactions and you must get a visa or mastercard before they are going to verify you so it is better to use bitcoin.
It is less hassle to  use bitcoin that's why customers should use bitcoins.

How is that hard. If you have no CC you can use bank, if you got no bank and CC you can't use it to deposit funds. That's all.
Remember for bitcoin a bank is not mandatory but buyin and selling on Localbitcoin's can be both risky and time consuming.

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July 05, 2016, 10:23:33 PM
 #991

How about comparing it to Paypal. In paypal you would need your account to be verified for it to be used to some certain shops. Without it there is no use. It is just like a storage of money.

It is very hard to use paypal. You must be verified before having transactions and you must get a visa or mastercard before they are going to verify you so it is better to use bitcoin.
It is less hassle to  use bitcoin that's why customers should use bitcoins.

How is that hard. If you have no CC you can use bank, if you got no bank and CC you can't use it to deposit funds. That's all.
Remember for bitcoin a bank is not mandatory but buyin and selling on Localbitcoin's can be both risky and time consuming.

With all the stings and theft that have happened on localbitcoins it's better to use a trustworthy exchange like, hum, ah, well I can't think of one right now but I'm sure there is one somewhere. All you need to do is get a bank account or credit card and then go through the verification process. You can be shopping with Bitcoin in as little as a week or two.

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July 05, 2016, 10:37:24 PM
 #992

They can use it as a currency or also as an investment for the future, bitcoin is also good for online shopping and money transfers, there are many advantages attached with bitcoin.
yeah bitcoin may include currency and investment. this as two advantages in one item. the big advantage
will come to you if you use bitcoin for investment

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July 06, 2016, 12:25:42 AM
 #993

If you get paid directly in Bitcoin you will be way more prone to spend them. If you have to buy them first, you will treat them like gold and not like money. This seem to be the case each time.
thats true in my opinion, it is better to always buy your bitcoins in order to have it as an investment, in my opinion bitcoin is the best investment and we should all use it all the time

 
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July 06, 2016, 04:29:44 AM
 #994

Customer should use bitcoin cause it is more safe than creditcards. Credit card credential can be steal at onlinr shops you buy. And bitcoin has a less transaction fees


Bitcoin is more secure than a credit card in my opinion.  And the fees are not that high.  Plus all your transactions are recorded. 

Much lower fees(at least compared to pay pal) easy to set up a wallet and use it and the most important of all is that many people want to remain anonymous when they purchase something.

That's another advantage.  Took me longer to have my paypal verified compared to having my bitcoin wallet verified in less than 24 hours.  About purchasing anonymous, you would only what that if you are dealing with illegal stuff.  Anyway we use out bitcoins address when transacting, the other receiving party might not even know from what email address it's tied in.  Now that's secure.

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July 06, 2016, 12:56:39 PM
 #995

the current average of people in the world are the brands that have high mobility. No think most people would want the ease and speed in every transaction. and bitcoin is the answer to all the problems that exist.
Yeah I agree with bitcoin answer all the needs of human beings who want the transaction fast, flexible, low fees and so forth.
bitcoin provides facilities very much for the money delivery method. so I was very obliging people to use it

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July 06, 2016, 01:07:15 PM
 #996

the current average of people in the world are the brands that have high mobility. No think most people would want the ease and speed in every transaction. and bitcoin is the answer to all the problems that exist.
Yeah I agree with bitcoin answer all the needs of human beings who want the transaction fast, flexible, low fees and so forth.
bitcoin provides facilities very much for the money delivery method. so I was very obliging people to use it


I agree with your answer to the first but here I was confused about the facilities very much from bitcoin because that I know bitcoin is no more than a means of payment.

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July 06, 2016, 01:24:10 PM
 #997

Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.

With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.

Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.

Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards. With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
Bitcoins is getting more popular now and the reason is that it becomes more acceptable so there will be more people that will get to know about Bitcoin and that is quite nice.
And you also see now that you also can buy more stuff with Bitcoin and that is nice for the currency itself.
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July 06, 2016, 01:26:52 PM
 #998

the current average of people in the world are the brands that have high mobility. No think most people would want the ease and speed in every transaction. and bitcoin is the answer to all the problems that exist.
Yeah I agree with bitcoin answer all the needs of human beings who want the transaction fast, flexible, low fees and so forth.
bitcoin provides facilities very much for the money delivery method. so I was very obliging people to use it


Ok maybe you're right if bitcoin has all the facilities of the transaction can make their users feel comfortable and pamper their users. behind all the bitcoin excess has also contained a shortage. once of reason to make me doubt about bitcoin is if the wallet gets a crime and getting a steal is too difficult for me to think what next step I can do for this.

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PokerFace3
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July 06, 2016, 02:19:58 PM
 #999

the current average of people in the world are the brands that have high mobility. No think most people would want the ease and speed in every transaction. and bitcoin is the answer to all the problems that exist.
Yeah I agree with bitcoin answer all the needs of human beings who want the transaction fast, flexible, low fees and so forth.
bitcoin provides facilities very much for the money delivery method. so I was very obliging people to use it


I agree with your answer to the first but here I was confused about the facilities very much from bitcoin because that I know bitcoin is no more than a means of payment.
At first, internet has become very popular among the people so the trend of online shopping has also gone very high.
And people are trying alternative currencies for their internet expenses.
So, customers use bitcoins.
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July 06, 2016, 11:00:45 PM
 #1000


In terms of on-hand security, bitcoin is a lot more superior than carrying cash arround because what if, just what if someone pointed a knife or a gun at you and asks you for your money, you have an excuse to say "hey, I'm not carrying any cash". Right?
it'll just be like that until bitcoin just get popular among robber and then they'll starting to ask,"send my address bunch of bitcoin or i kill you"
it's just remind me about bank robber which requesting money to be sent through bitcoin which happen in my country few months ago
I think it also happened in my country a robber put a bomb in a mall in my country and he is threatening to blow it up if the mall did not gave it in 1000 BTC. Lol robbers demanded ransom with bitcoin certainly the mall confusion about it ? and finally the mall sends only 0.1 BTC Lol and the robber was caught because he do stupid actions in cctv

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