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Author Topic: Why would customers use Bitcoins?  (Read 133882 times)
serjent05
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September 15, 2016, 04:11:17 PM
 #1481

customer will use bitcoin instead of fiat currency because it will be more convinient and easy to sue, one will no need to carry it in wallet and also need no bank account you just need a online wallet where you can store your bitcoin and can also use it in every part of the word having same value every where.
bitcoin is more practical and easy to use at any time. we do not have to bring a physical form in the payment of any goods we buy.
just a smartphone device and we can do anything.

This is partially true , remember you need internet to connect to the network.  Without internet even with  a store accepting bitcoin,  you cannot transact because you cannot broadcast the transaction to the network and be confirmed.  But if internet is no problem then it is a convinience transacting with bitcoin.

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umaOuma
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September 15, 2016, 04:14:35 PM
 #1482

customer will use bitcoin instead of fiat currency because it will be more convinient and easy to sue, one will no need to carry it in wallet and also need no bank account you just need a online wallet where you can store your bitcoin and can also use it in every part of the word having same value every where.
bitcoin is more practical and easy to use at any time. we do not have to bring a physical form in the payment of any goods we buy.
just a smartphone device and we can do anything.

This is partially true , remember you need internet to connect to the network.  Without internet even with  a store accepting bitcoin,  you cannot transact because you cannot broadcast the transaction to the network and be confirmed.  But if internet is no problem then it is a convinience transacting with bitcoin.
I don't think that internet is an big issue nowadays as it is accessible in every country, no doubt the rates may vary but that is affordable if you want to take best benefits from bitcoins.
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September 15, 2016, 07:35:40 PM
 #1483

Credit cards and Bitcoin are almost the same in terms of not using fiat money. The difference that I only see is that if you have a Visa/Mastercard Credit Card is that you can use it at any stores that accept card transactions then you are good to go you won't see that availability of stores for BTC. Also the diwnside of credit card use is that some transactions have interest in which you need to pay more for the item, while bitcoin is like carrying a personal wallet in which there are no transaction fees and no interest rates to pay.

Credit card holders obviously will face the interest only if they choose to buy the product on installment basis. If they will paid it full then they will not face the interest. Also there are installment basis product where deals are fixed and customers will have a no interest payment.

Also do you really think that bitcoin has no additional charge when people want to buy a product using this currency? Yes it doesn't have a additional charge or interest but look at the price of a product that is purchasable by bitcoin, it's already have a computed price. No way a merchant will sold their product via bitcoin payment as 1:1 based on the current exchange rate.
CryptoBjorn
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September 15, 2016, 09:23:58 PM
 #1484

I know for me as an consumer the main reason to use bitcoin is because it's fast and the transaction cost are very low.
But without buyer protection; credit cards and paypal are more convenient.
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September 15, 2016, 09:28:12 PM
 #1485

Customers would use bitcoin as a private transaction method, that isn't regulated by state or a third party, like PayPal.


 
 
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traderbit
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September 15, 2016, 09:31:57 PM
 #1486

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?

Sometimes is not all about the fees which currently are double than it was before (the value from 3¢ to 6¢) but because people earn money through bitcoin or they get paid in bitcoin for the work/service they do and another reason why customers would use bitcoin is if the prices are cheaper by paying in bitcoin.

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September 15, 2016, 09:53:42 PM
 #1487

customer will use bitcoin instead of fiat currency because it will be more convinient and easy to sue, one will no need to carry it in wallet and also need no bank account you just need a online wallet where you can store your bitcoin and can also use it in every part of the word having same value every where.

the best point is that with bitcoin we will not need a bank account, so with that the seller will also not need any bank account and he will not pay high fees to the banks for maintaining their money and the seller will not have to pay any extra tax to the government.
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September 15, 2016, 09:57:35 PM
 #1488

Yeah to get rid of those pesky wankers bankers
dhimasnk
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September 15, 2016, 10:21:31 PM
 #1489

customers using bitcoin because bitcoin is superior to other payment systems. bitcoin is faster, instant, simple and very easy to use

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September 16, 2016, 06:36:19 AM
 #1490

I had always hoped customers would begin to use bitcoin because retailers would incentivise it for all the tax breaks they get doing business that way, frankly for all people complain about taxes I am surprised it hasn't happened more...
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September 16, 2016, 06:44:42 AM
 #1491

I think customers should use bitcoin because it is the trend Cheesy.  Bitcoin have fast transaction but very slow confirmation.  Security is very high unless there is a hole on the sites security.  You can earn a profit by simply holding bitcoin or lost it's value if you spend it in its downtrend price.  Bitcoin offers the users a chance to earn profit and a new set of opportunities.
yes customer should use bitcoin because bitcoin can help us to boost our money depends on what we doing in trading if we buy cheap and wait a further month when the price high sell lots of people are now using bitcoin not to illegal activities but for business and more other activities
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September 16, 2016, 07:54:57 AM
 #1492

I think bitcoin can replace fiat just like we are using CC so it will make transaction easier
If we compare CC with bitcoin is different things as bitcoin are currency meanwhile CC also can be use like currency but we must paid what we use over a month

Credit card cannot be considered as an currency as it is a payment method which is widely used and accepted and people prefer more to use them as they don't have to carry physical cash with them, and lets hope that people will have same feelings for bitcoins in future.

Well Bitcoin by itself doesn't have any value, it's the dollar (or some other currency) that gives it its value. Like for example, the euro doesn't need to be converted to dollar to have value. So you could say that Bitcoin is just a container same as a plastic card that carries a dollar amount. Bitcoin is a payment method rather than a currency.
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September 16, 2016, 08:38:52 AM
 #1493

Customers would use bitcoin because of alot of reasons, for one the security of bitcoin they are close to flawless which is a very good reason.
Also the anonymousity of bitcoin. Don't want everyone to have all your info? Then pay with bitcoin since it doesn't register to any name or any personal information.


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September 16, 2016, 08:59:35 AM
 #1494

of course. customers using bitcoin because bitcoin could provide additional income for them. and bitcoin is a payment system that is very easy and simple

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September 16, 2016, 09:22:02 AM
 #1495

of course. customers using bitcoin because bitcoin could provide additional income for them. and bitcoin is a payment system that is very easy and simple
Not all customers are business minded and risk takers and not every time you hold your bitcoins the price will increase, apparently, the price is very volatile so that is the main problem to have a massive adoption as people will hesitate to use it when sometimes it decreases the value of their money.

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September 16, 2016, 09:29:39 AM
 #1496

If bitcoin becomes the medium for the most convenient and hassle-free way of transacting, there is no doubt it is going to be preferred by most of the people. We are heading towards a digital age and there's no turning back from that. Sooner or later, most transactions would be done online, and the one that will come out on top will be the currency that gives the most benefit to most users.
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September 16, 2016, 09:44:40 AM
 #1497

If bitcoin becomes the medium for the most convenient and hassle-free way of transacting, there is no doubt it is going to be preferred by most of the people. We are heading towards a digital age and there's no turning back from that. Sooner or later, most transactions would be done online, and the one that will come out on top will be the currency that gives the most benefit to most users.

Bitcoin is already that. What needs to change is that people need to treat Bitcoin more as an actual currency instead of only for investment purposes. The moment we achieve that, every business in whatever part of the economy will be more likely to accept Bitcoin as form of payment. And that again might even trigger average joe's to jump into Bitcoin.
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September 16, 2016, 10:50:27 AM
 #1498

Because there's a chance that what they put in Bitcoins will have a higher value in the future. You don't have to force or even convince the customers to use Bitcoins. If they were interested in it from the start, then they should have done deep research about it in the first place. Just introduce Bitcoin to them and tell the basics of Bitcoin, they should continue their journey from there. Don't spoon feed them, because if you had to, that means they don't belong in this community.
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September 16, 2016, 02:17:40 PM
 #1499

Because there's a chance that what they put in Bitcoins will have a higher value in the future. You don't have to force or even convince the customers to use Bitcoins. If they were interested in it from the start, then they should have done deep research about it in the first place. Just introduce Bitcoin to them and tell the basics of Bitcoin, they should continue their journey from there. Don't spoon feed them, because if you had to, that means they don't belong in this community.
We need to give proper knowledge about bitcoin to draw customer's interest, so only basic wont be enough, its like we are introducing a new item to stranger, we need to be persuasive in order to expand bitcoin community, the bigger community the better value bitcoin become
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September 16, 2016, 02:28:23 PM
 #1500

If bitcoin becomes the medium for the most convenient and hassle-free way of transacting, there is no doubt it is going to be preferred by most of the people. We are heading towards a digital age and there's no turning back from that. Sooner or later, most transactions would be done online, and the one that will come out on top will be the currency that gives the most benefit to most users.

Bitcoin is already that. What needs to change is that people need to treat Bitcoin more as an actual currency instead of only for investment purposes. The moment we achieve that, every business in whatever part of the economy will be more likely to accept Bitcoin as form of payment. And that again might even trigger average joe's to jump into Bitcoin.

Merchants preferred the stable price of any currency that's why we haven't seen much of them that accepts bitcoin as their optional payment method. Price volatility is the main reason why they aren't accepting it or should I say that thing is not their priority at the moment.

As soon there are more people who are treating bitcoin mostly in investment, the progress of having such lots of merchants that will accepts bitcoin will really goes in a slow process.

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