Why would customers use Bitcoins?

[Ybalevia]

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 can be used for almost everything and it depends abouit what people want to do with the coin you know we will never know
whwat everyone is doing with the coin becuase we wont know that.

[phreaky]

it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.

Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.

[numismatist]

it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.

Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.

However, occasionally we get served that story of the lost Bitcoins fortune rediscovered on a second hand sale laptop. How comes?

[extrabyte]

it is safer to use, more convenient and harder to be lost. Its value is ambiguous too. So you can buy things when BTC's price is quite high. It's gives customers and advantage moneywise.

Indeed it might not be safer to use though if you havent heard about people being hacked etc..
But yes it's almost impossible to lose it and it makes various tasks very easy to do with bitcoin it's basicly very compact.

how you could say that bitcoin is impossible to loose? people are loosing their bitcoin everyday. some of them loosing because of their own stupidity and some of them loosing because of their wallet hacked and bitcoin stolen. but the fact is bitcoin is also not 100% safe.

[ObscureBean]

It really is a losing situation for any altcoin devs right now.

Except if the dev pumps his own coin   I believe a lot of altcoin devs have this plan b baked into their designs. Most probably start out with a genuine attempt to create something different but if the coin doesn't catch on, instead of just losing everything they've invested, they can try to make some money from a pump and dump.

[HilbillyFred]

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.

they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.

[Senor.Bla]

It really is a losing situation for any altcoin devs right now.

Except if the dev pumps his own coin   I believe a lot of altcoin devs have this plan b baked into their designs. Most probably start out with a genuine attempt to create something different but if the coin doesn't catch on, instead of just losing everything they've invested, they can try to make some money from a pump and dump.

well it takes some money to create a pump and dump. and as a developer i would put my resources in my coin if i believe in it in the first place. so serious developers would have burned most of the money they had by the time they switch to plan b and would be in need of money to initiate a pump and dump.

[freedomgo]

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.

they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.

They are making a good job although they are not investing as I also believe that there are greater number of people who are just using bitcoin as a means to transaction online and in fact gamblers main interest are just to use bitcoin to gamble, that alone is a good sign to increase the circulation of bitcoin which is good for the economy.

[kanazawa]

I'm acceepting and doin a different way of payments, like CC/Bitcoins by installments. For example, you buy something that costs $1000. I can divide this accepting the credit card payment (in 12x), than I cover the tax (16%) and resend the value in BTC to the buyer. So, the payment is attach and I release BTC just after the money is released to me by the CC company, witch takes just 48h.

[abayan]

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.

they are only using bitcoins not to mak emoney you have allot oof different peopelk who are using bitcoins you know most of them are buying things
with it other ones are investing with it best thing it to make money with bitcoins.

They are making a good job although they are not investing as I also believe that there are greater number of people who are just using bitcoin as a means to transaction online and in fact gamblers main interest are just to use bitcoin to gamble, that alone is a good sign to increase the circulation of bitcoin which is good for the economy.

Agree most of the bitcoin user is they are using bitcoins for fast transactions because literally bitcoin is a fast payment if yyou use it and agree gamblers use bitcoins as a bet in gambling! Use it to play dice games and other gambling games ! But most of here is they use bitcoin to earn money.

[darklus123]

Simple you don't have to bring too much money. Especially when you do have a big transactions like purchasing a car, or any gadgets unlike FIAT. Isn't it hassle free shopping without bringing any amounts right? and one of the advantage also of using bitcoin is that if ever that you brought shall we say $4000 then get snatched with your smartphone you surely lose all your assets unlike using bitcoin in which you would only lose your phone.

[lootz]

If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

[tampazeus]

If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

Yeah and with bitcoin we have control on our money and we have our own bank in the form of bitcoin wallet and we can access our funds whenever we want without the involvement of third party.

[randy8777]

If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

if you store all your coins offline in your own control, and don't make use of online wallets and exchanges to store your coins, then no one can freeze your coins or tell you what to do with them. there is no interference from anyone. it's just you and your coins.

[ajun96]

If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.

I think the banks are not going to freeze the account to someone without a reason? of course they have a reason. if you're a good person and not doing anything illegal. The bank system it would be very useful. yeah at least decentralization could attract few users

[JakinRome]

Bitcoin is tax free and thats why everyone attracted towards it.

[SquallLeonhart]

I don't know about others but I am using it for trading and gambling from where I can make some quick bucks in quick time, sometimes I loose too but that can be managed as I can recover them back.

[Golftech]

Bitcoin is tax free and thats why everyone attracted towards it.

that's one of the good thing for them especially if using it online but if we will put this in a perspective much better if business owners pay the tax because it would help their country's economy and btc will b much appreciated.

[aspire]

Simply because it is a real digital money.

[olubams]

I would say the only reason why I would use Bitcoin as a customer, will be as a result of it being accepted by the supplier. That is if my awareness about Bitcoin is actually on the high side. On the other hand, if myself as a supplier wants to accept Bitcoin but my customer's awareness level is low, then the onus is really on me to actually explain the advantages to them among which is the anonymity it provides as against the use of credit cards or bank transfer as the case maybe...