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Author Topic: Why use Bitcoins ?  (Read 13361 times)
bitfocus
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November 29, 2017, 11:31:23 AM
 #461

I mostly am an investor and a tech person and I see Bitcoin the best thing to invest in nowadays. Also, the characteristics of Bitcoin attracts me.
chris molty
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November 29, 2017, 11:47:12 AM
 #462

for me the bitcoin is just a speculative product, I do not see myself using it as a currency
tarpa07
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November 29, 2017, 11:50:10 AM
 #463

Bitcoin support most of the company so we are use bitcoin.
Loopper
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November 29, 2017, 12:07:21 PM
 #464

I, for example, use bitcoin to achieve my dream when I sell it all, I will leave to travel around the world Smiley

This is just your decision how you use the results of your Bitcoin, everyone is entitled to have what they want to do with their Bitcoin. Wink
Lasvista
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November 29, 2017, 12:33:40 PM
 #465

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.   

We should use bitcoin because it is practically the oldest coin that there is, thereby giving us the feeling of being more secure because we know that it will last for a long time. Also, it is good because it is the widely used among others. People prefer it the most in terms of investment because of it's volatility and the chances to earn due to it.
daarul50
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November 29, 2017, 09:56:14 PM
 #466

There are some people who give the reason that they use bitcoin as one of their choices to invest because when compared with the price of gold now bitcoin price is more promising. Besides, they reasoned that investing using bitcoin meant they at least reduced the exploitation of natural resources because we know that gold comes from nature and they are happy because they have reduced the damage to nature. I think this is the most amazing reason, I'm glad to hear this excuse from some of the bitcoin users I've visited a few days ago.
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November 29, 2017, 09:57:38 PM
 #467

I use bitcoin to make money, because bitcoin shows me the future of bitcoin in the front
Bitcoin will be the virtual currency that is traded as future currency Cool Cool Cool
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November 29, 2017, 10:06:15 PM
 #468

Why use bitcoin, bitcoin is being used a lot, and I believe bitcoin will be recognized as the international currency used to trade for goods in the future. Sad Sad Sad Sad
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November 29, 2017, 10:10:09 PM
 #469

I use bitcoin because it is very easy and fast in transacting online, through the internet we can transact and bitcoin can also be used to invest in the long term because it is very profitable for its users for the future. bitcoin is also very safe if I think personally
X2PR8888
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November 30, 2017, 12:06:48 AM
 #470

People use bitcoins because we are now in a digitized world where a lot of things are now done online.  People use bitcoins too because they like the conveniemce they get with certain transactions like money transfers abroad plus the fact that it is definitely cheaper to do so in this process.  I think people use bitcoins too because it is less, if not, governed by any financial institution.  For me I use bitcoin because of its potential; because I see it as an investment which can ultimately bring good fortune in the future.  Risks are there like any other investments but with how I see bitcoin, I think this one is the current trend and is here to stay.

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November 30, 2017, 12:12:35 AM
 #471

Because Bitcoin is love : 1LoVE1A5g3FWPgCvYDvTP96XKMamjoq94F
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November 30, 2017, 12:12:42 AM
 #472

Dollars invested below now has got turned to millions. Along with the growth it too has provided users with the opportunity to be a part of the technology growth. The technology that made it successful is getting adopted in several ways based on the effective form of functioning it has attained over the years.

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MWesterweele
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November 30, 2017, 12:18:59 AM
 #473

Why use bitcoin, bitcoin is being used a lot, and I believe bitcoin will be recognized as the international currency used to trade for goods in the future. Sad Sad Sad Sad
Right now bitcoin can use in transaction and buying online as a payment. And if bitcoin recognize in many country maybe it will be  the first international digital currency.

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btsjungkook
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November 30, 2017, 01:15:13 AM
 #474

This the 10 reason Why use Bitcoins.
1.It’s fast
2.It’s cheap
3.Central governments can’t take it away
4.There are no chargebacks
5.People can’t steal your payment information from merchants
6.It isn’t inflationary
7.It’s as private as you want it to be
8.You don’t need to trust anyone else
9.You own it
10.You can create your own money
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November 30, 2017, 01:35:14 AM
 #475

Bitcoin is not only a vessel to store value but it's also really useful in the remittance industry. I can send 100,000$ paying a mere 4$ in fees with Bitcoin while it would cost me 3000$ with PayPal and I'd take some risk to do the paypal transaction while doing the same thing from a traditional bank would cost some money,time & would probably raise questions.

You have a good point regarding small fees relative to large transactions but in case of small transaction fee is a problem.
And yes, big sums via bank transfers and PayPal transfers is problematic.

Everything is beautiful till the point when government starts to ask for information from trade platforms.https://www.theverge.com/2017/11/29/16717416/us-coinbase-irs-records

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November 30, 2017, 02:04:35 AM
 #476

My main reason for using bitcoin is because with bitcoin everything becomes easier, simpler and safer, transactions with bitcoin are very fast compared to banks so I use bitcoin than others.

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November 30, 2017, 02:43:05 AM
 #477

I use bitcoin because bitcoin gives me many benefits. I invest in bitcoin, the profits I receive will be much larger than the deposit in the bank. bitcoin is a great internet payment gateway, i can pay or deal very fast without cost ... i love bitcoin and I believe there will be more people using it.

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November 30, 2017, 02:47:22 AM
 #478

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.   
Actually for me , I keep using bitcoin because it can makes my life more accomodating. Especially if you use the feature that bitcoin has. For example you are going pay your bills during weekday, but you still at your work. You can use bitcoin to pay bills without any hassle. Because you would need to left your work just pay your bills. You can do it online with the use of btc.
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November 30, 2017, 07:36:04 AM
 #479

I use bitcoin because it provides financial freedom then only you can control your money and you can create a lot of money like for investing, trading and mining.
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November 30, 2017, 07:46:17 AM
 #480

It's fast, it's cheap to use, it's private, and central governments can't take it away.
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