Why should people use Bitcoin?

[Schuyler]

For convenience and for control over money, people can use that as a motivating factor in using bitcoin. And not only can they use it for paying bills and services and buying stuff, they can also make money from it.There's a lot to love with bitcoin and more people will come to know and realize just what bitcoin can do to them.

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[Enotche]

My opinion is. Using Bitcoins increases its prevalence. The interest in it is growing among ordinary people and among government agencies. Increased interest in this study. The study is to improve technical competence. But the actual technology literacy is the technical development and new technologies. Already there are a lot of ideas how to use blokchain in various fields.

[JITENDERPAR]

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.
2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.
3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

[Grazyah13]

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


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

Hi Blawpaw, I would like to share the article that I have read it says that there are 10 good reasons why it’s worth taking the time to get involved in this virtual currency. Here are some of it

It’s fast- When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.

It’s cheap- What’s that you say? Your credit card transactions are instantaneous too? Well, that’s true. But your merchant (and possibly you) pay for that privilege. Some merchants will charge a fee for debit card transactions too, as they have to pay a ‘swipe fee’ for fulfilling them. Bitcoin transaction fees are minimal, or in some cases free.

Central governments can’t take it away-Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help recapitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with bitcoin. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unravelling, that’s a big benefit.

There are no chargebacks-Once bitcoins have been sent, they’re gone. A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.

[Falconer]

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.

Yeah but sometimes it need long time to get just 1 confirmation, especially when you put transfer fee lower than recommended.

2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.

Its not that anonymous, you could track someone wallet and could know how much the balance in the wallet.

3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

Yeah, you controlling your own money. Thats one of beautiful sides of bitcoin

[hawkins]

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.
2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.
3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

you're right, I like bitcoin because it does not cost that much time delivery, even if you send bitcoin in significant amounts. I really like the advantages of it. maybe people should use bitcoin transaction, because bitcoin has processed transactions fast and good.

[BitcoinHodler]

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.
2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.
3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

you're right, I like bitcoin because it does not cost that much time delivery, even if you send bitcoin in significant amounts. I really like the advantages of it. maybe people should use bitcoin transaction, because bitcoin has processed transactions fast and good.

i don't care that much about the anonymity of bitcoin but is its always good to know it is there and i can protect my privacy with it but other things about bitcoin is so important for me. things like decentralization and fees which are two of the best features in my opinion.

[serjent05]

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


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

Hi Blawpaw, I would like to share the article that I have read it says that there are 10 good reasons why it’s worth taking the time to get involved in this virtual currency. Here are some of it

It’s fast- When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.

It’s cheap- What’s that you say? Your credit card transactions are instantaneous too? Well, that’s true. But your merchant (and possibly you) pay for that privilege. Some merchants will charge a fee for debit card transactions too, as they have to pay a ‘swipe fee’ for fulfilling them. Bitcoin transaction fees are minimal, or in some cases free.

Central governments can’t take it away-Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help recapitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with bitcoin. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unravelling, that’s a big benefit.

There are no chargebacks-Once bitcoins have been sent, they’re gone. A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.

In addition, Bitcoin isn’t inflationary, Bitcoin has fix amount not like regular fiat currency where central government can just print it if they feel they wanted to and inject it into the economy, via much publicised process known as quantitavie easing which causes the value of a currency to decrease.   Further more, Bitcoin will take more than century to be fully mined.

[JessicaSe]

People use Bitcoin Because of the Following points:
1. Bitcoin has a low transfer Fees and it can be Transferred Instantly.
2. Bitcoin Is anonymous and people want that Because it's price is also Growing thus they make profit with Bitcoin when it Grows.
3. Bitcoin is Not Controlled by a person or bank, This is also a reason people Want this.

you're right, I like bitcoin because it does not cost that much time delivery, even if you send bitcoin in significant amounts. I really like the advantages of it. maybe people should use bitcoin transaction, because bitcoin has processed transactions fast and good.

i don't care that much about the anonymity of bitcoin but is its always good to know it is there and i can protect my privacy with it but other things about bitcoin is so important for me. things like decentralization and fees which are two of the best features in my opinion.

Majority of people are attracted toward it because of the involvement of low fees as its quiet cheap in compare to other systems and your money is accessible to you 24/7.

[lister storm]

For one thing, it's an easy and quick way to transfer money quickly anywhere around the world with little in fees. It's also a way to store money without the use of banks and control of the government.

thats true i really like that it allows people to transfer their money really easily and fast without waiting any time, it only requires some time for getting confirmations and thats it

i think people should use their bitcoins in order to make some profit in a longer run because if you hold your bitcoins you will most probably benefit a lot in the near future

[gilangIDR]

a lot of things is to be advantages bitcoin. seperri speed shipping transactions dannjuga low cost fee. if I am given the option to use real money or bitcoin. my answer is bitcoin.

[Shibashi Dogemoto]

a lot of things is to be advantages bitcoin. seperri speed shipping transactions dannjuga low cost fee. if I am given the option to use real money or bitcoin. my answer is bitcoin.

You are really lucky that you are able to spend it at different places as I don't find many places to spend it but I use it for money transfers as I think bitcoin is the best payment method.

[mustang321]

Bitcoin is useful for economic area and i can exchange with bitcoin and i can invest with bitcoin and i can sent money with bitcoin and i can buy someting with bitcoin when i think it , peopele should lean bitcoin  and people use  bitcoin.

[JumperX]

Bitcoin is useful for economic area and i can exchange with bitcoin and i can invest with bitcoin and i can sent money with bitcoin and i can buy someting with bitcoin when i think it , peopele should lean bitcoin  and people use  bitcoin.

Bitcoin provides various benefits to its users which no other currency can offer, its useful for online shopping and online transfer with minimum fees and its cheaper in compare to banks and other payment systems.

[thhiggi]

Bitcoin is the fastest way to pay someone anywhere in the world in a descentralized manner. It's perfect! No middleman.

[PemburuReceh]

I use Bitcoin because, for certain transactions, it’s cheaper and better than the alternatives.

[MTBTT]

People should use the bitcoin because its better for payments and they can control their own money so that is also making it very nice in my opinion.
I really think its worth using the bitcoin these days.

I think if you're talking about the payment of course people will prefer fiat or paypal than bitcoin? How can you overcome or answer it all?
so that they can choose and use bitcoin
I think if you're talking about the payment of course people will prefer fiat or paypal than bitcoin? How can you overcome or answer it all? so that they can choose and use bitcoin

[bitcoincass]

Yeah I agree, Bitcoins will take over the World.

[king1982]

People dont know about bitcoin so much in my country but i m trying to tell them what is bitcoin and what can you do with bitcoin why? because bitcoin can change thier life and bitcoin is future economic system and if they know about bitcoin now they can live easy in the future and they will ger advantage in the future.

[elobizph]

People should used bitcoin cause it has a good future i think to be a international currency if they start now it will helps bitcoin grow fast and to be a popular currency in each country