Why should people use Bitcoin?

[HostSurf]

Easy to use, over the internet and on your mobile phone.
You can make way more profits by just holding bitcoin rather than placing all your money on a savings account.

[Altcoin4life]

I think Bitcoin has many advantages over fiat or normal currencies such as the USD and Payment companies such as Paypal.

Advantages:

= Very low fee to send and receive cash - much cheaper than Paypal or Western Union or SWIFT or TT Payments internationally.
= Decentralized and not really controlled by major governments or finance companies
= Quite Anonymous - You do not have to give all your information to a company to send money.

Disadvantages:

= Takes around 10 minutes for the first confirmation - so the payment is not instant.
= Price Volatility - The price of Bitcoins is much more unstable than say USD. Hopefully this will be more stable
= Unknown - Still not accepted by major companies and there needs to be much more marketing to promote Bitcoin.

These are the things that i can think of for the reasons why Bitcoin may or may not be used.

Is there anything else that you think can be added to advantages or disadvantages?

[goinmerry]

Easy to use, over the internet and on your mobile phone.
You can make way more profits by just holding bitcoin rather than placing all your money on a savings account.

That is the exact thing to say it. Just growing it in your wallet is better than other investments where it takes years just to see the profit of your money. That is why bitcoin is growing lot of buyers now and demands.

[chennan]

I think Bitcoin has many advantages over fiat or normal currencies such as the USD and Payment companies such as Paypal.

Advantages:

= Very low fee to send and receive cash - much cheaper than Paypal or Western Union or SWIFT or TT Payments internationally.
= Decentralized and not really controlled by major governments or finance companies
= Quite Anonymous - You do not have to give all your information to a company to send money.

Disadvantages:

= Takes around 10 minutes for the first confirmation - so the payment is not instant.
= Price Volatility - The price of Bitcoins is much more unstable than say USD. Hopefully this will be more stable
= Unknown - Still not accepted by major companies and there needs to be much more marketing to promote Bitcoin.

These are the things that i can think of for the reasons why Bitcoin may or may not be used.

Is there anything else that you think can be added to advantages or disadvantages?

So I'm pretty skeptical about what I underlined above, and totally disagree with what I put in bold.

Bitcoin isn't very decentralized, but it provides more decentralization than the central banks (obviously).  I think this problem is just going to get worse as time goes on and the future halvings cause more "at home" miners to stop mining because the cost of them doing it is just way too much than what they are getting out of it.  Doesn't mean that all miners will get out of mining, because a lot of people just enjoy it for a hobby, which there is nothing wrong with that... it's just a very expensive hobby IMO.  I just think the development of big time mining farms that will become the "Apple" or "Microsoft" of mining will be inevitable, because as the difficulty increases and payouts decrease, you have to be able to know how to run miners in the most profitable way in order to gain ROI.

Now with true anonymity, I don't believe that one bit... and it's becoming more clear that's the case every single day.  Like I stated above, people don't just mine to produce their own bitcoins to spend.  Bitcoin is very much pseudonymous, but the privacy and security that bitcoin gives users is declining every day.  If people want to get into bitcoin, they will probably have to go through a 3rd party exchange site, which requires them to link their bank accounts and/or credit cards, which links to them as an individual.  This is not at all anonymous, and people should start realizing this... that's honestly the biggest flaw I see in bitcoin right now

[BTCdoctor]

Because of low transaction fees, and because the money is in your hands, not in a Bank.

[adicted]

One reason is what you've said, because bitcoin is the future money. People should also use bitcoin so they will experience freedom and it is also convenient. They will definitely have a better experience like never before. Bitcoin can also change someone's life, if used correctly because personally it helped me a lot finnancially and educationally.

[goinmerry]

Because of low transaction fees, and because the money is in your hands, not in a Bank.

Coorect. Plus look at how it grows. You wont need a bank for investments. Plus you wont have that scared moments when you see in the news that your specific bank is bankrupt. Here you handle everything and whatever happen to your money its all in your hands.

[n2004al]

I personally think of bitcoin as an asset. It's volatile, and I like trading it. Some people like the anonymity of it, some people like the p2p aspect of it, and some people are just intrigued by a cryptocurrency.

Bitcoin in born as a currency is only a currency. If a boy born boy cannot be girl (can become only if change radically itself or have mix genes since the birth). In other words, if bitcoin must become or be something else (different from the birth) must change radically its being. Thing this that has not happen yet. Bitcoin is exactly like Satoshi has created it. Did all those explanations because more and more I see that different people to make the savant invent other "professions" and "meanings" for it.

I have heard that bitcoin is a commodity and tried to argument using various references and concepts that can be found very easily in internet. So who want to learn if is commodity or not it would have been enough to do a search in internet, to find the meaning of the two concepts and arrive at the needed conclusion very easy. With few words the conclusion is that if something is commodity must be touched. And everyone can understand very easily that bitcoin is not a commodity because cannot be touched. Who want the total argumentation and have patience can find it doing a search at my posts which can be found at my profile.

Today, for the first time, read that bitcoin is an asset. What else must be heard in this life about bitcoin? But this time the argumentation about this last pearl is even more easy. I have to ask: With which asset can be bought something? And not only in internet but even out of it. Even the everyday bread. With bitcoin is very difficult this last action but not impossible. If the vendor who sell bread is a bitcoiner and had a laptop at the place of work even the bread can be bought easily with bitcoin within seconds or minutes. But what about the asset? Can be bought the bread with an asset? 

[airezx20]

Because it easy to use and instant transaction and also its anonymous..

[Duomo]

People should use bitcoin because they legitimately want to, yes bitcoin has fantastic features but people must be willing to take initiative about what they see the benefits of bitcoin are. The desire to use bitcoin is the driving factor.

[maokoto]

Because it is a good turn to the past in the sense that you own your money in your pc, not banks. Reminds me a litte of the time you paid always in cash and bank accounts were not that popular.

Also it is fast and allows for micropayments (tip people for giving advice, good articles in blogs, etc. becamos more doable)

[aso118]

Because it easy to use and instant transaction and also its anonymous..

Easy to use - not for a tech challenged person.
Instant transaction - Not really, block confirmations average 10 minutes, but could take longer. Credit card transactions are instantaneous.
Anonymous - Bitcoin transactions are pseudonymous, not anonymous

[robelneo]

Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?

My answer is why not they have all the features you are looking for on an online payment processor you are actually acting like a bank manager with your own bitcoin I have seen a lot of people who are using the traditional payment processor and they encounter a lot of problems like getting their account limited and needs a lot of verification so they can allow you to use their services

[dhimasnk]

Because transactions with bitcoin faster, safer, and cheaper

[Luqman]

Because it is really easy to use and low transaction fees than when I use Bank for transfer money.

[voztata]

Because it is really easy to use and low transaction fees than when I use Bank for transfer money.

There are many advantages of using bitcoin.
I wish to use bitcoin for the purpose of investments. Like in past performance of bitcoin, I would like to get more return from it. I believe if I use bitcoin, then my future would be more secure.

[trafficolaa]

From my point of view about why should people use this it has so many reason there it has freedom to use it anywhere as now so many merchants accepting as payment method.

[boopy265420]

People should more Bitcoin and should contribute their part in it success to have bright,transparent,freedom in future.Bitcoin at this point too offers low cost transactions with more freedom and privacy which is still an advantage.

[buddu]

Why people should use Bitcoin ? the answer is it offers them to have full control over their funds and freedom to use when and where they want.Especially when it comes to transfer funds it is amazing.

[VeritasSapere]

Because Bitcoin is freedom!