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Author Topic: Why use Bitcoins ?  (Read 13317 times)
abbhatia
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January 27, 2018, 01:37:14 PM
 #801

Bitcoin is a very simple and more secure currency In some parts of the world, bitcoin is still a more efficient and cheaper way to transfer money across borders, and several remittance startups make use of this feature. Bitcoin’s cost and speed advantages, though, are being eroded as traditional channels improve (and the network’s fees continue to increase), and liquidity remains a problem in many countries.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ignacio0404
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January 27, 2018, 02:02:21 PM
 #802

Why use Bitcoins ?

I keep seeing threads on “why don't people” ? The real question to me is Why would they ?

-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.

I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.   

An average consumer can have any validation including different kinds of threads of bitcoin. Well, it can be hard at first, but thats the natural account of use of bitcoin, a fast way of banking and more. So what you do? Keep safe for campaigns though.
TheGreatUnknown
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January 27, 2018, 02:58:44 PM
 #803

I see your point as in why use bitcoin while bitcoin will only make things more complicated and hassle, so let's see why Bitcoin is. Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous. An added benefit for merchants (less so for users) was that it was irreversible, removing the threat of expensive charge-backs.
Inggridpratiwi
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January 30, 2018, 03:58:06 AM
 #804

Bitcoin has tremendous potential for the future, and because the current time passing through bitcoin is becoming very popular in society. With the progress and rapid development of bitcoin and bitcoin price increases, it has a positive impact on user economies around the world.
roadwell890
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January 30, 2018, 04:06:41 AM
 #805

bitcoin advantages over FIAT currencies are very easy to understand is Bitcoin is very difficult to forge, total supply is limited, no party regulates circulation, transfer funds to other continents without a large fee and send funds to the corners of the world in minutes

if FIAT money can do that, maybe there will be only USD Coin, SGD Coin, CNY Coin.

Blockchain-based FIAT currency

shovonsarawa
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January 30, 2018, 04:20:43 AM
 #806

I use bitcoin because I think it is the safe coin.And I know that if i hold a bitcoin it price is increasing day by day.Bitcoin is also a good investment. 
thet
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January 30, 2018, 04:28:05 AM
 #807

I use bitoon because it is digital currency that can easily transfer and converted into cash when i need it anytime. I also use it during my trading, it is a form of investment for me.

Targusluxe
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January 30, 2018, 04:53:53 AM
 #808

Why use Bitcoins ?

I keep seeing threads on “why don't people” ? The real question to me is Why would they ?

-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.

I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.   


You have point it is not recommended for an average consumer to use bitcoin at this time because it is like a gold and we do not use gold to purchase some stuffs. Maybe its better to look at bitcoin as an asset instead of alternative fore fiat.

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Jose Mourinho
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January 30, 2018, 05:10:31 AM
 #809

I use bitcoin because I think it is the safe coin.And I know that if i hold a bitcoin it price is increasing day by day.Bitcoin is also a good investment. 
This is what happens with me and many people, as prices continue to rise then we will continue to hope that prices never go down, but bitcoin get a tough challenge at the beginning of this year, now prices are down to 45% compared with the highest price of last December.

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Oppang Inamo
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January 30, 2018, 05:16:19 AM
 #810

we use bitcoin for our daily lives. like for our families needs. bitcoin helps us to be rich. you will get what you want.
kshmrcrs
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January 30, 2018, 05:41:46 AM
 #811

For a student like me, bitcoin is the only good investment I can do. I know in the near future, it will increase its value. Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous. Also, a number of large and small retailers accept the cryptocurrency as a form of payment, although reports suggest that demand for this function is not high.
Vin183~
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January 30, 2018, 05:53:25 AM
 #812

because I've seen many people around me become juatawan because bitcoin. And they are real.
DoublerHunter
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January 30, 2018, 06:06:00 AM
 #813

we use bitcoin for our daily lives. like for our families needs. bitcoin helps us to be rich. you will get what you want.
It depends on your effort because it doesn't mean that because you are using bitcoin then it means that you will get what you want because you need to put some effort and time before you get what you want because earning money in bitcoin is not easy like you think because you need to spend a lot of time first and patience before you start making money.
Reyan
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January 30, 2018, 07:23:36 AM
 #814

I agree, you cannot use bitcoin for paying groceries and other small that Ned instant payment.
Boximuss
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January 30, 2018, 07:27:38 AM
 #815

I agreed that the average consumer can't use bitcoins now. The technology is too young and has lots of issues. But remember how internet developed from the same stage. Everything is possible
Yoshinoya
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January 31, 2018, 03:19:41 AM
 #816

Why use bitcoins? because bitcoin is easy to use and bitcoin is the future and there is always excitement.
bitcoin have many value and benefit so this is the reason why so many people use bitcoin.
Petmalu001
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January 31, 2018, 04:03:23 AM
 #817

why use bitcoin? Because for my personal experience i used bitcoin to easy paying my bills, buying online or selling products thru online without

hassle my client to send money to me and that i can easily communicate and transact to my client so that's why i used bitcoin. Specially if you

have big business bitcoin is a big opportunity to include in your business to making easy transactions without hassle in your client to your

business.
yana0901
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February 07, 2018, 07:33:18 PM
 #818

Because it is profitable in my opinion. They can be invested and have a lot of money. But there are risks of course
jeanpadel14
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February 07, 2018, 07:50:50 PM
 #819

I use bitcoin because it is very helpful to me when it comes to my expenses and because bitcoin give me a chance  to live with stable life and happy life.And even i stayed at home i have a chance to earn money.and it is easy to use and thru bitcoin people can pay their bills without hassle.

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mrsandhu0
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February 07, 2018, 07:56:33 PM
 #820


In my thinking, You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated.Maybe its better to look at bitcoin as an asset instead of alternative fore fiat.  Kiss Grin Kiss Smiley
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