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Author Topic: Why should people use Bitcoin?  (Read 122125 times)
Oscoda
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December 09, 2015, 07:35:26 PM
 #41

It's the best way I can receive money that is from another country, to avoid ridicously high taxes and bank fees.

Yeah that is the nice think about bitcoins just so low taxes if you give money to other country.
The only problem is that the most people don't know how to use it. Maybe the new generation will know it more.
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December 09, 2015, 11:08:01 PM
 #42

It's the best way I can receive money that is from another country, to avoid ridicously high taxes and bank fees.
yeah its simple, compared with others, such as banks or WU, if you send money abroad, the cost of the fee is quite expensive,
in contrast to bitcoin, no fee Cheesy
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December 10, 2015, 02:09:32 AM
 #43



Conclusion: don't use bitcoin for everyday stuffs and use it very carefully in investments which can grow the amount of those in your wallet. Bitcoin is precious. There are justified hopes that its value will greater in the times to come.

Wouldn't it make sense that people who want to promote bitcoin use bitcoins for everyday stuff whenever possible? What will make it grow in value is more people using it. The more retailers that accept bitcoin because more people are willing to use it as a method of payment will grow.  So if there was something that I wanted for $500, I would first find out if someone was selling it for bitcoin and buy it with that, or if I wanted to go out to eat somewhere, a place that accepts bitcoin will be a considering factor. As more retailers accept them so will others because their competitors will have an advantage.  Since retailers have many benefits from using them, they could also offer a discount which would encourage more consumer use. This seems like one way we can help make it a more commonly used currency and grow it's value.  People who just have some in cold storage or use them sparingly could help facilitate its acceptance by using them whenever they can. Of course, everytime I used bitcoin for everyday stuff, I would immediately replenish that amount in bitcoins from cash.

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December 10, 2015, 06:32:29 AM
 #44



Conclusion: don't use bitcoin for everyday stuffs and use it very carefully in investments which can grow the amount of those in your wallet. Bitcoin is precious. There are justified hopes that its value will greater in the times to come.

Wouldn't it make sense that people who want to promote bitcoin use bitcoins for everyday stuff whenever possible? What will make it grow in value is more people using it. The more retailers that accept bitcoin because more people are willing to use it as a method of payment will grow.  So if there was something that I wanted for $500, I would first find out if someone was selling it for bitcoin and buy it with that, or if I wanted to go out to eat somewhere, a place that accepts bitcoin will be a considering factor. As more retailers accept them so will others because their competitors will have an advantage.  Since retailers have many benefits from using them, they could also offer a discount which would encourage more consumer use. This seems like one way we can help make it a more commonly used currency and grow it's value.  People who just have some in cold storage or use them sparingly could help facilitate its acceptance by using them whenever they can. Of course, everytime I used bitcoin for everyday stuff, I would immediately replenish that amount in bitcoins from cash.

Only the last your sentence make me to not begin another argumentation about the point of view of you an me. I forget to add this your phrase to my post. So, my post would be fully meaning if I would wrote at the end: Or if you want to use it find the way to buy at least the same amount to replace it immediately.

Your consideration are more than right. It must be so because the use of bitcoin help in its spread and this spread make more possible the achieve of our hopes. Anyway if after the use of it, everyone don't buy at least the same used amount, my previous post (even can be considered as very selfish) it is the best answer that can be given about the use or not of bitcoin.  Wink I repeat: Something rare cannot be used for everyday stuff. Cannot be used at all every day. It is like you sell every day diamonds or perls or gold to buy bread. Make no sense.
HarHarHar9965
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December 10, 2015, 07:12:54 AM
 #45

It's the best way I can receive money that is from another country, to avoid ridicously high taxes and bank fees.
yeah its simple, compared with others, such as banks or WU, if you send money abroad, the cost of the fee is quite expensive,
in contrast to bitcoin, no fee Cheesy
Yup right Its like tax free transaction and Value is bigger than other country currencies. It very quick than Western union and all other banks. Once Confirmation time for Bitcoin transaction is fixed means then Its a Nano fast medium of money transactions
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December 10, 2015, 07:37:05 AM
 #46

Bitcoin has a chance of becoming the future currency, in the very distant future. It is not developed enough and not enough people know about it. It is fast, cheap and anonymous. 3 things people love.
ajun96
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December 10, 2015, 09:22:42 AM
 #47

It's the best way I can receive money that is from another country, to avoid ridicously high taxes and bank fees.
yeah its simple, compared with others, such as banks or WU, if you send money abroad, the cost of the fee is quite expensive,
in contrast to bitcoin, no fee Cheesy
Yup right Its like tax free transaction and Value is bigger than other country currencies. It very quick than Western union and all other banks. Once Confirmation time for Bitcoin transaction is fixed means then Its a Nano fast medium of money transactions
shortage we need confirmation of a rather long time, probably about 10 minutes to get a confirmation huft  Undecided
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December 10, 2015, 09:25:22 AM
 #48

People should use bitcoin because it has more potential to grow rather than other any currency out there. It's easy to use as well.
Bitcoin has more potential in future.

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December 10, 2015, 09:46:37 AM
 #49

It reduces the middleman in online purchases like paypal or credit card. It also protects sellers from invalid chargebacks.
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December 10, 2015, 10:37:08 AM
 #50

I think there is no necessity person using bitcoin.
because the currency is an option I think, especially digital currency. in the future may not only bitcoin will become a currency. maybe there will be another coin
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December 10, 2015, 11:10:01 AM
 #51

People should use bitcoin because it has more potential to grow rather than other any currency out there. It's easy to use as well.
Bitcoin has more potential in future.
No, I think that for more people, they do not understand Bitcoin, it is more difficult to use

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December 10, 2015, 11:47:10 AM
 #52

People should use bitcoin because it has more potential to grow rather than other any currency out there. It's easy to use as well.
Bitcoin has more potential in future.
No, I think that for more people, they do not understand Bitcoin, it is more difficult to use

Every new thing normally is unknown thing and as such, difficult to be understand and maybe even to use. But after a few time everyone who want to learn about that or have need to use that is able to use it without problem. Let make as example the computer. At the beginning the use of it was only from the scientists and academic people who belonged e restricted area or fields of knowledge. Today is not strange to find even very old man and women who passe their time in front of an computer. In other words being difficult for something new doesn't mean that cannot be adopted. Maybe needed more time to be adopted but everything can be learn. If not so the humanity wasn't arrived here where it is. Without the new (and difficult) things we all had been at the Iron age. 
ajun96
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December 11, 2015, 02:15:43 AM
 #53

People should use bitcoin because it has more potential to grow rather than other any currency out there. It's easy to use as well.
Bitcoin has more potential in future.

yah right rather than of all currencies, the prospect of bitcoin is more higher, also compared with gold, bitcoin has greater future,
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December 11, 2015, 03:03:53 AM
 #54

People need to start getting paid in bitcoin--and I mean by corporations like McDonalds and Walmart, not solely by tech folks on these forums.  If that starts happening, then there won't be any question bitcoin will be widely adopted and this question will answer itself.

In the US and other countries I'm sure, it's very useful to send money across borders to family cheaply.

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December 11, 2015, 03:07:13 AM
 #55

People use it for anonymity, simplicity, convenience and perhaps as an investment.
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December 11, 2015, 03:15:19 AM
 #56

People need to start getting paid in bitcoin--and I mean by corporations like McDonalds and Walmart, not solely by tech folks on these forums.  If that starts happening, then there won't be any question bitcoin will be widely adopted and this question will answer itself.

In the US and other countries I'm sure, it's very useful to send money across borders to family cheaply.

The only way this has even the slightest chance of happening, is if people can pay their bills/loans/mortgages/etc. with Bitcoin. Since a large majority of those companies that we all need to pay every month is highly regulated by government and needs to be able to tax this kind of thing (not to mention income taxes) then we can't proceed with this type of mainstream adoption.

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December 11, 2015, 03:44:01 AM
 #57

nowadays bitcoin has become new trend payment and transaction,

using bitcoin is far more efficient and secure

using bitcoin also is free from fee transaction and bitcoin also a fast transaction and it is globally accepted

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December 11, 2015, 03:53:06 AM
 #58

I guess it was because of the use bitcoin easy, but it bitcoin is also very easy to get, and has many uses in the internet so people mengguanakan bitcoin of the dollar  Smiley

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December 11, 2015, 04:28:39 AM
 #59

It's the best way I can receive money that is from another country, to avoid ridicously high taxes and bank fees.
yeah its simple, compared with others, such as banks or WU, if you send money abroad, the cost of the fee is quite expensive,
in contrast to bitcoin, no fee Cheesy

Yes international money transfer are made easy and more convenient with bitcoin. I have been into online earning since 2010 and paid more than $1500 in transaction, withdrawal and in money conversion charges. With bitcoin it would be just $200 fees only. This may be one simple example why I should have used bitcoin.
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December 11, 2015, 04:35:25 AM
 #60

People should use bitcoin to experience what bitcoin can offer.  Wink
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