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Author Topic: Why would customers use Bitcoins?  (Read 133882 times)
18thacccount
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October 15, 2016, 10:03:27 AM
 #1761

You do pay more fees using CC on the long term, You don't pay direct fees for some cards in the US but the interest on the used funds can be much more than 5 cents, Also PayPal "for example" takes +30 cents and a 2.something fee for each commercial transaction, BTC is cheap compared to that.
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October 15, 2016, 10:11:28 AM
 #1762

3 cents is actually cheap for the convenience that bitcoin is giving you!
Don't you appreciate that? Easy transactions, safe money, anonymity and all other things that no one else can give.
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October 15, 2016, 12:36:23 PM
 #1763

People should use bitcoin as it can be the best investment for future and they can make good profits from it and if they don't have money to invest then they can even earn it in different ways.
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October 15, 2016, 02:16:24 PM
 #1764

People should use bitcoin as it can be the best investment for future and they can make good profits from it and if they don't have money to invest then they can even earn it in different ways.
The reason would be, the transaction is really quick and secured. No tax and no surcharges for anything. Its not even required to carry in hand as it is a digital currency. No third party interferes. As it is fully depend on online, keeping the wallets secured with given keys is mandatory for safety. Few countries accept btc but many not. It is a big challenge for the government.
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October 15, 2016, 02:31:08 PM
 #1765

I think Customers should use the bitcoin for it being a secure way to pay something and with good privacy as well, You don't expose your money as the case with Creditcards.
Another thing why they should is because its fast and reliable for payments.
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October 15, 2016, 02:34:55 PM
 #1766

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.

 
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October 15, 2016, 03:21:03 PM
 #1767

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.

I think he meant it cannot be felt much due to the low transaction fee. It is existing but the problem is it always took longer when the fee is lower that is why I am sticking with the right amount with the faster sending time.

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mark coins
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October 15, 2016, 03:24:56 PM
 #1768

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.

I think he meant it cannot be felt much due to the low transaction fee. It is existing but the problem is it always took longer when the fee is lower that is why I am sticking with the right amount with the faster sending time.

Yes its always good to put some extra fees in order to avoid the delay in confirmation time, and when it comes to transferring bitcoins to bank account it hardly takes fractions of minutes with minimum fees.
MingLee
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October 15, 2016, 03:26:35 PM
 #1769

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.

I think he meant it cannot be felt much due to the low transaction fee. It is existing but the problem is it always took longer when the fee is lower that is why I am sticking with the right amount with the faster sending time.
Considering it only costs something like, what, $0.10 to $0.20 to send a payment, along with literally every other service provided by the blockchain being free, is it really something that you have to even remotely worry about? The banking fees (assuming you don't use cash all the time) easily make Bitcoin the cheaper option.
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October 15, 2016, 03:48:59 PM
 #1770

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.
yes you have to pay the fee but there is no tax on bitcoin and it is more easy to use and specially it is the best for online shopping therefore i will always give preference to bitcoin.
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October 15, 2016, 04:17:16 PM
 #1771

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?

SAFETY

NET DEFLATIONARY

SMALL FEES ( I do have to pay fees when using my card)

FRICTIONLESS (no capital control)

FAST SETTLEMENT (10m- 60m)

CANT BE CONFISCATED (you are in control of your money)

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October 15, 2016, 04:21:16 PM
 #1772

I guess the problem is there are so many pros for accepting Bitcoins but there are less for a consumer if you're dealing on the p2p level. If I go to Walmart and spend 0.05 Bitcoins I'm expecting that when the clothes don't fit I can go back and get 0.05 btc back. If I'm dealing with Joe blow from online selling shotty merchandise I'm probably screwed because I just gave him the internet equivalent of cash.
Osarman
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October 15, 2016, 08:40:03 PM
 #1773

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.
yes you have to pay the fee but there is no tax on bitcoin and it is more easy to use and specially it is the best for online shopping therefore i will always give preference to bitcoin.
i agree with you that no tax on bitcoin and bitcoin is really very good easy for online shopping because bitcoin transaction is very faster and it fees is very much lower and bitcoin is available in everywhere for online shopping than other service.
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October 16, 2016, 06:42:56 AM
 #1774

If this is comparing to other money transfer companies then bitcoin will get the upper hand. It is low in its transaction fees and it is way faster. The problem is where we could get it. That is the upper hand of those companies. They got structures in many parts of the world and they are connected to other money transfer to make it more convenient.
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October 16, 2016, 09:21:11 AM
 #1775

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.
yes you have to pay the fee but there is no tax on bitcoin and it is more easy to use and specially it is the best for online shopping therefore i will always give preference to bitcoin.
i agree with you that no tax on bitcoin and bitcoin is really very good easy for online shopping because bitcoin transaction is very faster and it fees is very much lower and bitcoin is available in everywhere for online shopping than other service.

Are you sure that bitcon is available everywhere for online shopping in compare to other services like Paypal? There are very few sites that accepts bitcoin at a moment but when it comes to Paypal almost all sites accepts it.
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October 16, 2016, 09:54:36 AM
 #1776

the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee.
yes you have to pay the fee but there is no tax on bitcoin and it is more easy to use and specially it is the best for online shopping therefore i will always give preference to bitcoin.
i agree with you that no tax on bitcoin and bitcoin is really very good easy for online shopping because bitcoin transaction is very faster and it fees is very much lower and bitcoin is available in everywhere for online shopping than other service.

Are you sure that bitcon is available everywhere for online shopping in compare to other services like Paypal? There are very few sites that accepts bitcoin at a moment but when it comes to Paypal almost all sites accepts it.
Paypal has a licensed and is bound to follow the rules of the government but bitcoin is anonymous, so for big business online which are also operating legally, they would prefer to accept only a payment processor that is legal also, bitcoin is not legalized so although bitcoin has a good feature they cannot accept it.

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October 16, 2016, 10:22:02 AM
 #1777

it would be faster to transact in bitcoin. customer would just scan the qr code and make the payment at a minute. it would a technological development. technology loves would definitely accept it and live the way for transaction.
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October 16, 2016, 11:58:10 AM
 #1778

Customers can use the the bitcoin because its firstly very fast and also very secure to pay with it. You can not get robbed and the fact is also that you are also untraceable if you payed something. One of the best things for customers is also that its self controllable no banks are involved.
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October 16, 2016, 12:52:47 PM
 #1779

Customers can use the the bitcoin because its firstly very fast and also very secure to pay with it. You can not get robbed and the fact is also that you are also untraceable if you payed something. One of the best things for customers is also that its self controllable no banks are involved.

I would strongly recommend that don't use the word 'robbed' for telling customers that they must use bitcoins because of it. It is better if we are going to be somehow fruitful with our mouth and going to say that it has good security. Even though that it has strong security with it networks but we don't know if the bitcoin wallet providers that we are using are the same.
There are ways to strengthen the security of our bitcoin wallet and it just needs to be taught to our customer and we can easily do that because all the information are already written in the internet even the application, of course we can only attract customers who can transact online.

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October 16, 2016, 12:57:43 PM
 #1780

More secure and flexible use bitcoin, i'm using btc cause you dont need card number which used by credit card, or more flexible than paypal. Bitcoin is best payment on internet  Grin
Nope you cant tag bitcoin as best payment option in internet because paypal is still the one if you are observing some of online shops there are using paypal everywhere and its more like that its number i think bitcoin is using for some activities and like investment and growing money.
We have our own preference and I believe once online people knows that there is a better alternative they will be happy to shift to bitcoin and will eventually adopt with it, if you will compare bitcoin between paypal you can see the big difference, with bitcoin transactions are very cheap or almost free.
There are people that not believing in bitcoin because some of them thinking that bitcoin is a myth thats why some people really choose the number payment online is paypal we can't really compare paypal into bitcoin it has big differences yes this is right.
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