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smartbitcoininvestor (OP)
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September 10, 2017, 01:10:10 AM |
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So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
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klf
Legendary
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Activity: 1344
Merit: 1000
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September 10, 2017, 01:36:15 AM |
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Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.
Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.
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chixka000
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September 10, 2017, 01:40:01 AM |
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Well before the main advantage of bitcoin was its lesser fees than credit card or paypal. However we could not use that one anymore right now because of the ridiculous fees. On the other hand its anonymous feature is still really good for not so legal transactions
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Harley Quinn
Newbie
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Activity: 164
Merit: 0
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September 10, 2017, 01:42:32 AM |
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For me or is just easier. I like not having to go through a long process with my credit card and bank and I don't like PayPal. So Bitcoin is perfect for me. Also it's the latest technology and it's totally cool and I don't want to be left behind.
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awilliams
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Activity: 191
Merit: 12
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September 10, 2017, 01:46:55 AM |
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Privacy, fast payments, and no refunds (like Paypal). Love paying with bitcoin, just can't wait until it gets easier and more universal.
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Kingofbitcoin12345
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September 10, 2017, 02:17:56 AM |
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but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
I think being undocumented on government offices is such a disadvantage using banks and any remittance or payment centers.. But in using bitcoin those things won't be an issue for me,, living a life away from hassle would be a priority.. Pen,, forms and ID's are some of the reason transactions in real world it is harder and time consuming.. In bitcoin cellphone or laptop with an internet at home is what technology advancements is all about.. |
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DoublerHunter
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September 10, 2017, 02:22:29 AM |
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I think that the only advantage of paying with bitcoin is just, it is easy to use and pay the things that we buy using bitcoin but overall, it is not a good idea and a wise choice because if you will usey our bitcoin to pay things then you are removing the chance to earn more money by holding that bitcoin.
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fossilized
Member
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Activity: 86
Merit: 10
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September 10, 2017, 02:26:30 AM |
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To me the greatest advantage is that it is anonymous and can work across the world. Anonymity is not necessarily for illegal activity, it also helps with privacy concerns. Why should we be giving out our personal particulars to every single web merchant online? It is dangerous, data can be hacked and we do not know what our personal data will be used for.
Secondly, credit cards may not work across all online merchant, and some do not have payment facilities. This is where bitcoin is useful again, as there is little infrastructure setup cost to pay through bitcoin.
So there's certainly a utility for bitcoin in online payments.
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agus_purno
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September 10, 2017, 02:28:34 AM |
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if I think the advantage of paying with bitcoin is when buying the desired item to buy it when bitcoin the price is down,
of course it will benefit the buyer but I like that way because it can save expenses
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eann014
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September 10, 2017, 02:31:02 AM |
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Advantages of paying with bitcoin are, we can pay on our house without going outside our house. It also has a record with our email and we can see if its confirm or not, we can keep it as our official transaction and receipt. And I guess it is safe because we don't have to go outside and then we don't need to hold cash because we can do transaction online.
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SUDARMONO
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September 10, 2017, 02:42:35 AM |
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I think a lot of money to pay using bitcoin, paying with bitcoin is very practical, we just use a computer with internet network, and we can already transactions around the world, unlike a complicated central bank, that's one advantage to pay with bitcoin.
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Glory90
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September 10, 2017, 02:47:26 AM |
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in my opinion Advantages of paying with Bitcoin is: privacy, transparency, secure and control (Bitcoin users have full control over their transactions).
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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September 10, 2017, 02:52:55 AM |
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So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
You listed most of them already to be honest, anonymity and speed, along with low fees, are a lot of the primary functions that Bitcoin brings to the table in a respectable manner. Compared to a lot of the other payment systems, such as Paypal and the like, it's a lot harder to have any sort of ability to make sure that the money you earn through such a system, especially on some websites such as eBay or PayPal, will actually be in your possession for a few weeks time, even if you have supplied a good or service. One that you didn't mention, though, was how Bitcoin allows for anyone of any age to be active in the economy. Whether that is a good thing or a bad thing is up to the viewer. |
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David Hoggs
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Activity: 67
Merit: 10
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September 10, 2017, 02:54:41 AM |
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It has advantages like it is easy to use, safe has good security.
Less transaction fees and faster transfers with full control over our money without any limit. No more cash required and can do payments online easily.
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pooya87
Legendary
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Activity: 3444
Merit: 10549
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September 10, 2017, 03:01:10 AM |
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One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
exactly. people always are confused about this "anonymity" but it is there. bitcoin is not anonymous but it can be and the privacy that comes with it is very useful. you don't need to sign up, verify, give your identifications, ... you just make the payment. and it is global. you no longer have the issue of wondering if you can use your credit card in some place or the other and you will never have the security issues coming with usage of a credit card. |
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chesegrinder
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September 10, 2017, 03:09:45 AM |
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before i was using bitcoin to buy stuff only and purchase some games but right now as the fees are getting higher i just maintain it as an investment. Before bitcoin was use to purchase illegal stuff and it became their mode of payment as it have anonymity not because they want to try out the platform but they take the advantage of not getting caught by the government law enforcers.
The advantage of bitcoin is the fast transaction with anonymity which is it one of it functions. I am hoping that by the end of this Year there are many Physical store accepting bitcoin as the mode of payment, also some restaurant. This will be the future ahead of us bitcoiner and it will get more popular than before even there are a news attacking bitcoin by different country.
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Pearls Before Swine
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September 10, 2017, 03:10:04 AM |
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I don't see that there are any advantages except for the illusion of anonymity, if
that's your thing. There's the miner's fee, long confirmation times, zero buyer
protection, and the chance that bitcoin could shoot to the moon right after you
spend it. Fiat is a much better option for buying things in my opinion.
If you try to convince Joe Blow on the street that he should buy a cryptocurrency
in order to buy a cup of coffee, he'd say "Why?". And I don't think anyone could
give him a good answer. Owning it, yes. Buying items with it, no.
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okissabam
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September 10, 2017, 03:16:34 AM |
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For me the advantage of bitcoin is that it is anonymous and when I have to pay my bills, I really don't have to go outside to pay those bills; as long as there is the internet then I'm not behind every paying bill I need to do every month, and its fast and easy too. It is very convenient and it saves me a lot of time.
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0t3p0t
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September 10, 2017, 03:33:22 AM |
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So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
For me the advantage of Bitcoin is for investment purposes because nowadays if we want a faster transaction we also pay the highest fee which is quite downside for buying goods online. Anonymity, transparency and privacy are the most advantages only seen in cryptocurrency most especially Bitcoin that which most people want in every transaction. I know that a decentralized coin has potential to be a succesful one in the future depending on the peoples usage and trust just like Bitcoin which is pioneering in the cryptocurrency world that also the most trusted one since it is known to withstand in any situation and is also proven it's stability and reputation. |
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Kyraishi
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September 10, 2017, 03:38:58 AM |
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So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
I wouldn't really call bitcoin transaction fees cheap right now, but they are still a lot cheaper if you are paying globally compared to bank transfers which can involved tens of dollars in fees as well as conversion spreads and fees. But yeah, you are dead right. Bitcoin is a store of value, and it's global. That's the two attributes that makes bitcoin so popular in my opinion. It is decentralized as well, which means that no central bank is able to screw it up. Biggest advantage imo is that you can pay to whoever without knowing them at all, even if they are in a different country the fees are the same. |
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