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Author Topic: What is there to do with bitcoins these days ?  (Read 9141 times)
umaOuma
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August 25, 2016, 12:48:02 PM
 #61

Mining is over for individuals but one thing you can surely do with your bitcoin is trade, trade and trade.

That is the most effective and best way to earn more and more bitcoin using your existing holding. If you don't know how to trade, there are so many guides available for you. Take help and win the world with your trading skill. But stay away from ponzis.

That's right its better to trade rather then investing in any ponzi as there is full chance of loosing money in long run but with trading you always have an opportunity to grow your coins.
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August 25, 2016, 01:41:12 PM
 #62

You could do many things with bitcoin just like what you can do to the money.  You can buy it only to a limited shops who accepts bitcoin as payment.  I use bitcoin to topup my phone and you could also pay your credit cards through it.  You can even have reservation for your next trip through bitcoin.  If you are bored and want to have some fun, you could gamble some of it. Wink
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August 25, 2016, 01:41:30 PM
 #63

I am only trading and holding. Basic rule for me is that when the market is calm with very low volume just like it is now, I use my time to do other things instead of forcing myself to do something Bitcoin related. Holding is the best option here. Especially because I also have a job and a personal life.

Yeah, I'm doing the same thing. I only do trading and hold my bitcoin, since it's the easiest thing to do with my bitcoin.
And, sometimes I use my bitcoin to buy things like steam games, mobile load, and gift cards.
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August 25, 2016, 01:43:49 PM
 #64

Bitcoin is money, if you ever have a money than you must know what to do. You can just keep it safe till the price goes up, or you can spend it for buying anything you need. You just have to treat it like fiat, and you will know what to do.

faucet used to be profitable
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August 25, 2016, 01:49:04 PM
 #65

You could do many things with bitcoin just like what you can do to the money.  You can buy it only to a limited shops who accepts bitcoin as payment.  I use bitcoin to topup my phone and you could also pay your credit cards through it.  You can even have reservation for your next trip through bitcoin.  If you are bored and want to have some fun, you could gamble some of it. Wink
That's true, unfortunately there are few places to do so.
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August 25, 2016, 01:53:13 PM
 #66

nothing much, simply just to invest...and make profit.

Same here, most of the bitcoins done are to be invested and make them as profit. And also i will wait until the value would increase and become stable and then thats the time you will use it like paying credit cards and other payments who accepts bitcoin as payment.
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August 25, 2016, 02:03:09 PM
 #67

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

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August 25, 2016, 02:11:27 PM
 #68

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

Once people are aware about bitcoins then I am sure they will not prefer to use banks, WU or Paypal for money transfers as they charge too heavy from their customers.
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August 25, 2016, 02:50:29 PM
 #69

I am not sure if other have pointed out but there is something called "Signature campaign" in the world of Bitcoin. Check it out.

If you have strong online social media presence, you can also 'sell' it for some good money Bitcoin.

As for spending Bitcoin, you can spend them on a lot of places online. Ranging from domain name (Namecheap) to web hosting (SteadyTurtle) to even amazon giftcard (Gyft and eGifter)!

Enjoy earning and spending Bitcoin! See you!

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Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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August 25, 2016, 03:12:00 PM
 #70

Bitcoin is just another payment option / currency .... why people seem to think that bitcoin is some sort of money making scheme, is beyond me. It's like someone receiving dollars for the first time,

and then asking.. "How can I make money with this." Bitcoin has two properties ... 1. A currency and 2. A commodity with which you can store value. So looking at that, it depends on what you going to

do with it. { buy something or hold it, until it increase in value }  Roll Eyes

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August 25, 2016, 03:32:36 PM
 #71

I don't see that part working. There is nothing convenient to spend it on, nothing I want or need can easily be found and purchased with BTC. Why would I convert to BTC to go out and spend after great deal of time searching for some place to accept it?

And it seems that the vast majority of holders, if these forums are any indication, simple are holding and waiting for some huge price increase. Why would the price rise when very little is being used as a currency?


bitcoin is supposed to be a currency and as long as it is working that way it is alive and kicking.


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August 25, 2016, 03:35:58 PM
 #72

What major credit cards take BTC?

Where can you plan and pay for a trip with BTC?

You could do many things with bitcoin just like what you can do to the money.  You can buy it only to a limited shops who accepts bitcoin as payment.  I use bitcoin to topup my phone and you could also pay your credit cards through it.  You can even have reservation for your next trip through bitcoin.  If you are bored and want to have some fun, you could gamble some of it. Wink
That's true, unfortunately there are few places to do so.
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August 25, 2016, 03:50:59 PM
 #73

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

I think your right about much of this. Bitcoin never was more than money. It's the best money, but just money. So what can you do with it? Anything you can do with the other money you have and lots more. The real power of bitcoin is not well understood until you know a lot about money in general. Fiat money or private money systems have inherent problems starting with trust. For example if you have dollars in your pocket those are not actually yours, they belong to the federal reserve. The issuer can change the value as they wish, the supply, the distribution. You and any wealth you have stored are just along for the ride.  Bitcoin is open source, peer-to-peer and beyond the control of any authority. There is only the market and the 100% predictable math used in it's operation. You can trade with your neighbor or someone on the other side of the planet. No other money in history is like this.
 

Where can you plan and pay for a trip with BTC?

There are many places that take bitcoin for travel.  Too many to list so here is a search result.

https://duckduckgo.com/?q=travel+bitcoin&t=canonical&ia=web

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August 25, 2016, 04:35:03 PM
 #74

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

Once people are aware about bitcoins then I am sure they will not prefer to use banks, WU or Paypal for money transfers as they charge too heavy from their customers.
But i think there is no difference about it because you are buying bitcoin with rates too and after you will pay for transferring so i think you just increase the process of transferring the money..
But if we compare the speed of transferring bitcoin is the best i think..
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August 25, 2016, 04:38:42 PM
 #75

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

Once people are aware about bitcoins then I am sure they will not prefer to use banks, WU or Paypal for money transfers as they charge too heavy from their customers.
But i think there is no difference about it because you are buying bitcoin with rates too and after you will pay for transferring so i think you just increase the process of transferring the money..
But if we compare the speed of transferring bitcoin is the best i think..

There are many people who are not buying it but earning it in different ways, for them transferring money with bitcoins is the best as you can do it very easily from home.
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August 25, 2016, 04:41:12 PM
 #76

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

Once people are aware about bitcoins then I am sure they will not prefer to use banks, WU or Paypal for money transfers as they charge too heavy from their customers.

I think not, they will keep to use all of it. because bitcoin is currently not able to do the same things as other payments.
especially bitcoin is still limited and only a few that accept bitcoin. but if in the future may bitcoin will beat paypal, WU or the other.
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August 25, 2016, 04:51:08 PM
 #77

There is actually a fair amount of things to do with Bitcoin right now, you can buy things (obviously), invest in various businesses within the Bitcoin economy, do altcoin trading, gamble, donate to charity, and do a ton of other things that I haven't listed here. You can even go and just burn your Bitcoin if you want to at some burner address.
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August 25, 2016, 04:56:47 PM
 #78

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies


Yes even if it is so far as long as there is some technology that could make them withdrew the money that you have sent through bitcoin. Although I am using it in just our country but I send it in a far place and they can withdraw what I send in an ATM machine from a bank.

Once people are aware about bitcoins then I am sure they will not prefer to use banks, WU or Paypal for money transfers as they charge too heavy from their customers.

I think not, they will keep to use all of it. because bitcoin is currently not able to do the same things as other payments.
especially bitcoin is still limited and only a few that accept bitcoin. but if in the future may bitcoin will beat paypal, WU or the other.
I think the only thing that costumers needs are buyer protection just like the same as paypal.. this is i think the only one can bring bitcoin to be popular and more store will accept it as payment in the future.. if buy protection added from bitcoin just like paypal more people will convert in bitcoin to use it for buying  any many stores..

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August 25, 2016, 05:04:50 PM
 #79

I belive you are not from the stone age or nither you are from 90's so if you accessing the market daily you will have a really strong demand to get any of the important thing so do not think that you can not get it just think positive and do what you can at least try and start today maybe tomorow you will really aquire that thing

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August 25, 2016, 05:09:39 PM
 #80

I have invested my bitcoins in different alt coins at a moment and I am earning really good profits from it and its always better to trade instead of simply holding it.
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