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Author Topic: Why should people use Bitcoin?  (Read 122103 times)
prieaji
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July 19, 2017, 06:07:16 AM
 #1421

That's a good question, because bitcoin is easy to use to send and receive currencies from around the world. So gal needs to spend his other costs to the bank so that the transaction is easy in our life.
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July 19, 2017, 07:48:25 AM
 #1422

Bitcoin is the future currency in the present scenario its booming at good rate Most of the countries are now trusting bitcoin & making it legal Some other countries also plan to legalise in the countries its popularity or demand is increasing day by day.
inthelongrun
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July 19, 2017, 08:12:26 AM
 #1423

Some good reasons why you use bitcoin.

1. It is fast. Transactions are instantaneous and confirmation times are usually done withing 10 minutes.
2. It is cheap to transfer any amount of money anywhere. Fees are insignificant at this point.
3. Your bitcoin are your alone, they can't be blocked by bank, IRS or any institutions.
4. There are no charge backs.

Using bitcoin to transact is much more convenient.

But here's my comment to your post. Fast? Not really. 10 mins confirmation in payment is not that quick. And worse, there are times it goes up to hours. Cheap? Right now transaction fees are simply irrational. They are too significant to just be paid for transaction fees.

The rest I agree. Bitcoin is great but needs development just the same.

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evilgreed
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July 19, 2017, 08:49:53 AM
 #1424

Some good reasons why you use bitcoin.

1. It is fast. Transactions are instantaneous and confirmation times are usually done withing 10 minutes.
2. It is cheap to transfer any amount of money anywhere. Fees are insignificant at this point.
3. Your bitcoin are your alone, they can't be blocked by bank, IRS or any institutions.
4. There are no charge backs.

Using bitcoin to transact is much more convenient.

But here's my comment to your post. Fast? Not really. 10 mins confirmation in payment is not that quick. And worse, there are times it goes up to hours. Cheap? Right now transaction fees are simply irrational. They are too significant to just be paid for transaction fees.

The rest I agree. Bitcoin is great but needs development just the same.


       Aside from that people choosed to use it because they find it more convenient than using fiat for some expenses or payments, I am not saying this could replace fiat in currency terms but as for what other people say and also in my own experience, even if its not that fast to transact or send money to anyone, you don't have to go to any banks or any markets just to send it, you can freely walk with your own wallet like your a walking bank. Agreed also that because of its transparency there is no other 3rd party user who has access on your account aside from you, so this is also why if keep your credentials in a proper or safe way.


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July 19, 2017, 09:44:47 AM
 #1425

People nowadays should use bitcoin, as they say, we are now in "computer age", as I see, there are lots of transactions that are happening in the internet, paying with your currencies over the internet is a hassle one. You can just either convert it to bitcoin, or use bitcoins if you have.
 Using bitcoins in these transactions is faster and reliable. You also pay bills using btc. There are lots of online stores now, and I think btc really is the future of money
True. Bitcoin also doesn't need much knowledge to work or invest. Nowadays, at least one person has a computer, laptop or even a phone, this is "computer age" like you said. Bitcoin just need internet to access. That's why we can work everywhere, everytime we want. In my country, they are intend to build some "ATM Bitcoin", and some place accept to use Bitcoin to pay bill.
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July 19, 2017, 09:55:09 AM
 #1426

I think the thing that makes a lot of people interest with bitcoin is a very high price increase the last time i knew it. And also bitcoin can be used as global currency, because bitcoin does not have alias global boundary is global. So no need to change the bitcoin to a particular currency to make the payment.

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July 19, 2017, 10:00:01 AM
 #1427

Why people should use bitcoin, because it is easy to send and receive money from all over the world, no need for iban no need to pay additional fees to the bank so it made our life easier.

Ya true We no need to pay tax for government and all.We can use our money for ourselves with bitcoin. Since bitcoin is a ideal one ,we can inverse our money in that.It will give us a huge their is no doubt in that.
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July 19, 2017, 10:01:40 AM
 #1428

Many features in bitcoin are not owned by other payment tools. For example about privacy. So we do not have to worry if our personal info is leaked. Other than that fast delivery is also the choice of everyone
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July 19, 2017, 12:28:26 PM
 #1429

People nowadays should use bitcoin, as they say, we are now in "computer age", as I see, there are lots of transactions that are happening in the internet, paying with your currencies over the internet is a hassle one. You can just either convert it to bitcoin, or use bitcoins if you have.
 Using bitcoins in these transactions is faster and reliable. You also pay bills using btc. There are lots of online stores now, and I think btc really is the future of money
True. Bitcoin also doesn't need much knowledge to work or invest. Nowadays, at least one person has a computer, laptop or even a phone, this is "computer age" like you said. Bitcoin just need internet to access. That's why we can work everywhere, everytime we want. In my country, they are intend to build some "ATM Bitcoin", and some place accept to use Bitcoin to pay bill.
Woah! Your country's good. In my country, I dont think they will intend building atm for bitcoins, some of my friends, just hearing the word bitcoin, thinks of it as a scam. I even invited them to start here, too, but they ignored me, or will say yes yes yes just to shut me up

Pakboy
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July 19, 2017, 12:40:12 PM
 #1430

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


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


They use it to easily have a transaction with other people and of course they use it to have a profit. Many experts also says that this our future money

AngelSky
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July 19, 2017, 12:42:56 PM
Last edit: July 19, 2017, 02:37:04 PM by AngelSky
 #1431

Why people should use bitcoin, because it is easy to send and receive money from all over the world, no need for iban no need to pay additional fees to the bank so it made our life easier.

Ya true We no need to pay tax for government and all.We can use our money for ourselves with bitcoin. Since bitcoin is a ideal one ,we can inverse our money in that.It will give us a huge their is no doubt in that.

You are great. What you are saying is good to all.I going to brought some Bitcoin with the money I had. Why should we pay tax and all to the government for our money??! Many transaction are made with bitcoin ,now a days.We can pay all our bills without tax.So only many use bitcoin for transaction.
Kersh768
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July 19, 2017, 01:06:13 PM
 #1432

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


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



The bitcoin network is an easier payment network, faster to use than other payment methods. You do not need to register any information and have access to a world wide market where you can earn and spend.  Smiley
Will be because of the faster transactions. It is also a decentralized currency so you'll be the one to take care of your account's balance. And there are lots of way for you money to grow such as investing, trading and the likes. As time passes by, the price of BTC increases and decreases. But the increase is bigger than the dump so profit will be assured.

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July 19, 2017, 02:22:56 PM
 #1433

People nowadays should use bitcoin, as they say, we are now in "computer age", as I see, there are lots of transactions that are happening in the internet, paying with your currencies over the internet is a hassle one. You can just either convert it to bitcoin, or use bitcoins if you have.
 Using bitcoins in these transactions is faster and reliable. You also pay bills using btc. There are lots of online stores now, and I think btc really is the future of money
well that’s is really true that now we live in the age of the computer because a lot of work we use to is dependent on the computer and the internet so the demand of the age is that we need bitcoin and the need of the internet is just because of the time being fast and it made our generation very fast so I think that’s the reason why people should use bitcoin that it is profitable.

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July 19, 2017, 06:11:30 PM
 #1434

People nowadays should use bitcoin, as they say, we are now in "computer age", as I see, there are lots of transactions that are happening in the internet, paying with your currencies over the internet is a hassle one. You can just either convert it to bitcoin, or use bitcoins if you have.
 Using bitcoins in these transactions is faster and reliable. You also pay bills using btc. There are lots of online stores now, and I think btc really is the future of money
True. Bitcoin also doesn't need much knowledge to work or invest. Nowadays, at least one person has a computer, laptop or even a phone, this is "computer age" like you said. Bitcoin just need internet to access. That's why we can work everywhere, everytime we want. In my country, they are intend to build some "ATM Bitcoin", and some place accept to use Bitcoin to pay bill.
Woah! Your country's good. In my country, I dont think they will intend building atm for bitcoins, some of my friends, just hearing the word bitcoin, thinks of it as a scam. I even invited them to start here, too, but they ignored me, or will say yes yes yes just to shut me up
Bitcoin in my country isn't that popular and some believe that it is illegal so i think building automated teller machines(ATM) for bitcoin will be hard but who knows, It is already the age of internet where you can learn everything. it will only take time for my fellow countrymen to know bitcoin and if that happens there's a great possibility that our government will create one or maybe in several years even the world itself will accept bitcoin as its main currency.

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July 19, 2017, 06:55:14 PM
 #1435

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


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



The bitcoin network is an easier payment network, faster to use than other payment methods. You do not need to register any information and have access to a world wide market where you can earn and spend.  Smiley
Will be because of the faster transactions. It is also a decentralized currency so you'll be the one to take care of your account's balance. And there are lots of way for you money to grow such as investing, trading and the likes. As time passes by, the price of BTC increases and decreases. But the increase is bigger than the dump so profit will be assured.
Exactly, Bitcoin is an asset. It has good potential with good investment opportunity. I mostly like to use Bitcoin as it's decentralized peer-to-peer payment network, even there so relevant features are built in. So, we should make the effort to use it as there many good reasons.

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July 19, 2017, 07:22:00 PM
 #1436

Many features in bitcoin are not owned by other payment tools. For example about privacy. So we do not have to worry if our personal info is leaked. Other than that fast delivery is also the choice of everyone

Bitcoin has a lot of features and it's good to see that you can use it and have a lot of choice to do it. I prefer to use bitcoin when I'm going to send someone abroad funds. It's a good alternative for western union and you can save some fees because transaction fees are much more cheaper than using the usual one.



 

 

 

 

 

 


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July 19, 2017, 07:25:51 PM
 #1437

It is really easy to send and easy to receive so I really think that is the reason why people should really use it,
And the fluctuation of the price is really something that we could use to earn if we could just predict what would happen next.

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July 19, 2017, 08:40:42 PM
 #1438

This technology is based on trustlessness. Thats what makes it independent of any manipulators and it will be a fair game. This will ultimately benefit the society and that why people should use it
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July 20, 2017, 02:45:43 AM
 #1439

Just because the dollar wasn't really designed for the internet. We're trying to somehow make that happen, but we've ended up with huge fees and lots of delays while trying to transfer money across the globe. The whole idea of fiat isn't really sustainable in itself, since the average lifespan of fiat past 775 fiat currencies is about 25 years. Also bitcoin is transparent and it's growth rate is pretty predictable.
It makes our work easier and more effective. It can be used wherever it is accepted. That said, Bitcoin is much more profitable than dollars or gold.

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kateycoin
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July 20, 2017, 01:41:31 PM
 #1440

Because bitcoin has easy way of transactions and many ways to earn. Bitcoin is more profitable than other currency.

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