Mpamaegbu
Legendary
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Activity: 2688
Merit: 1208
Once a man, twice a child!
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October 22, 2017, 03:52:54 AM |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
Basically, you numbers one to three are the same purpose: For Transaction, while number four is investment. Just like one does with fiat too or any other article of value. These two categories are the major uses of the bitcoin. |
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"You Asked For Change, We Gave You Coins" -- casascius
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bitcoinorcash
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October 22, 2017, 03:56:07 AM |
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It can be used as a medium of payment for some stores but there are only few or them.I think the best use of it is an investment.Ive been investing some of my money to bitcoin and it doesnt fail me as I countinually get some earnings through it.
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sajjadkhan
Member
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Activity: 72
Merit: 10
Crypto Evangelist
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October 22, 2017, 04:01:43 AM |
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Lot of new people are buying bitcoin and don't understand the intrinsic value it brings. The limited supply and removing the third party aka bank from any transaction is a fundamental win win for us the people.
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Living the dream
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Sasuke102001
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October 22, 2017, 04:14:19 AM |
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With the current progress, we are having bitcoin can be used the same way as we used tradition currency for. There are many companies, websites that have started accepting payment via bitcoin and slowly the number of these websites and companies will drastically increase. Currently people are using bitcoin for online services or for online transactions.
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szpalata
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October 22, 2017, 04:47:56 AM |
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There are many as some members have already listed and so i wont be repeating them but what i mostly use my bitcoin for in recent times is for the procurement of VPS sever space from namecheaap and others. I also use them to advance funds to friends and peers that assist me do a project every now and then.
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Slipknot79
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October 22, 2017, 05:08:16 AM |
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Its great that Bitcoin is now being used with debit cards etc. i hope this continues.
Its currently still used the most in trading and speculation.
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v0rtecxz
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October 22, 2017, 05:10:27 AM |
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more people use it for investment, because the very good growth and the increasing value of selling it can be the right choice to invest in bitcoin, and also many who use it for trading because it quickly produces more bitcoin but there is a time when you must be careful in terms of trade because not a few of them are losing a lot of bitcoin from trading, being too greedy and unable to control their emotions,
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Smith871
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Activity: 80
Merit: 11
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October 22, 2017, 05:14:55 AM |
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I am too newbie but the most common use of my bitcoin is my shopping and want to hear fine dear in some great restaurants and Dubai visits that i want to have soon .Other uses include investing more and more in bitcoin and having online trading on trade com or stuff like that
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LigwagGanern
Member
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Activity: 307
Merit: 10
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October 22, 2017, 05:16:17 AM |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
As a newbie her ein Bitcoin Forum, there is many uses of bitcoin and some of these are, you can buy your food, you can buy some new things or gadgets, you can buy what are your needs and wants in your life. Someday, you may have all things that you want to have. In bitcoin, nothing is impossible. |
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bitcoinsocial09
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October 22, 2017, 05:22:49 AM |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
Bitcoin can be used as a medium of payment online or in some stores but there are only few who accepts bitcoin. I think the best use of bitcoin is for investment. Ive been investing also some of my bitcoins in a coin wallet. |
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michellee
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October 22, 2017, 05:38:40 AM |
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I think I am using bitcoin for my other investment and to buy something that I need and to filled my daily needs. I don't too often to use my bitcoin to buy something that I don't need it. I learn to make my bitcoin as my investment from here that said if we save more bitcoin, the price will be increase so high and in that time, I can sell it to make big profit. and yes from that time, I only want to save more and more bitcoin and I am waiting the next higher price to sell.
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Alok Yadav
Newbie
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Activity: 28
Merit: 0
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October 22, 2017, 05:52:20 AM |
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Bitcoin Uses
1) Spending Money Privately
One of the biggest pros of bitcoin is its pseudonymous quality (members are identified by the public keys rather than their “real world” identities). For many people, this affords a desired level of privacy that traditional digital payment systems do not. Some examples of situations in which this quality really comes into play include situations in which people are fleeing from abusive partners, desiring controversial health procedures, or operating outside the confines of oppressive governments.
Unfortunately, there is also the flip-side of this privacy; capability for bitcoin to be used for unethical and criminal purposes. The most infamous example of this is Silk Road – the massive “Deep Web” marketplace. Silk Road used the privacy inherent in bitcoin (as well as an anonymizing software called TOR) to allow for users to buy and sell contraband. While the moderators of Silk Road didn’t allow for the sale of goods resulting from or intended to cause the harm or exploitation of other people, users could still illegally purchase contraband such as illicit drugs and forged identity documents. Bitcoin’s relative anonymity could also potentially provide criminals with avenues for money laundering or funding terrorist organizations.
2) Low-Cost Money Transfers
One of the biggest pros of bitcoin is that, compared to other electronic payment systems, it has a very low transaction cost. Bitcoin’s transaction fee is not nearly as costly as the fees on money transfers brokered by banks, credit cards, and commercial software like PayPal.
3) Online Casinos
One popular destination for many Bitcoin users is online casinos where you can make fast transactions and wager as many coins as you want. If you’re a more experienced Bitcoin user, you can even track all of the bets you’ve placed through the block chain.
Most major operators offer Bitcoin as an alternative to more traditional currencies, though there are now numerous online casinos that deal solely in Bitcoin. To ease the learning curve for new users, these brands often partner with sites like BitcoinPokies, who aim to teach you everything you need to know about betting with Bitcoin.
3) Online Shopping
In December 2014, Microsoft added Bitcoin to their list of payment options on their Windows platforms and X Box gaming consoles. This allows US based patrons to exchange Bitcoin for money in their accounts so they can purchase games, videos, apps and more.
As Bitcoin grew in popularity, other merchants like Dell, Overstock, Cheap Air and TigerDirect began to accept Bitcoin as a form of payment. Now, you can buy gift cards for major retailers including Walmart, Amazon, Target and Nike from a number of companies like Gyft that trade Bitcoin for credit.
4) Restaurants & Hotels
These days, even travel companies are allowing Bitcoin on board. Last year, Expedia teamed up with Coinbase to add Bitcoin to their list of accepted payment methods, making it the most famous travel company to accept the digital currency.
As for bars and restaurants, there aren’t very many that recognize Bitcoin as payment right now. However, Bitcoin.travel has a comprehensive list of all accommodation, attractions, bars and restaurants in the world that do. So, if you’re interested in swapping your Bitcoins for a beer, just look up your local pub and check to see if they are accepted.
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franco123
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October 22, 2017, 06:38:59 AM |
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Im not really sure but in general it is for investment, income and transactions.
Investment because of it's volatility price and value against fiat currency. It is actually a risky investment but it can give you big return if you buy it and sell it at the right timing.
Income because you can go for signature campaigns in this forum and earn from Bitcoin. Or invest in electricity and computer and mine Bitcoins.
Transaction because you can freely transact as an anonymous personality behind a unique Bitcoin address. You can pay bills or buy online for it.
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asmythirl
Newbie
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Activity: 23
Merit: 0
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October 22, 2017, 06:55:18 AM |
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As a beginner in crypto currencies I also found a great way to invest with the big 3 - BTC, ETH and LTC. Check it out https://youtu.be/IUJ8R202Mmw |
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DoublerHunter
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October 22, 2017, 08:01:15 AM |
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Im not really sure but in general it is for investment, income and transactions.
Investment because of it's volatility price and value against fiat currency. It is actually a risky investment but it can give you big return if you buy it and sell it at the right timing.
Income because you can go for signature campaigns in this forum and earn from Bitcoin. Or invest in electricity and computer and mine Bitcoins.
Transaction because you can freely transact as an anonymous personality behind a unique Bitcoin address. You can pay bills or buy online for it.
Bitcoin is just an overall currency where you can put your primary currency and earn money by the interest of the pumping market which is really awesome for an investment. Bitcoin is also a money because you can use it to buy fancy things online and because of bitcoin. You can also have a source of income that will help you to get the better lifestyle that you are wishing for. |
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alaeddine1azer
Newbie
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Activity: 36
Merit: 0
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October 22, 2017, 08:12:49 AM |
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- Shopping online - Booking flight , hotels ,... -Investing - Buying stolen credit cards  |
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Visbay
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October 22, 2017, 06:31:53 PM |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
1. Use in buying and selling of altcoins. 2. Use in investing into ICO's 3. Being use in gambling sites 4. Used as payment in signature camps 5. You can use bitcoin to send money to your love ones. 6. Use in lending Yes it’s true that bitcoin can be used for different things like you can use it for your daily expanse and also you can do daily trade and also you can use it for investment and I also use it for my daily expanse but some of them I keep it for investment purpose because I know bitcoin can give me a big profit when the price go high so bitcoin have a lot of uses. |
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lady Royal
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October 22, 2017, 06:33:54 PM |
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The most common uses of Bitcoin for me are buying credits online for my carrier, I can send and receive payment online without any hassle, The best part is when I get payment online I can save it and earn more profit by holding, I can use Bitcoin to buy online things and the most important part it is anonymous.
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kutongcoin
Member
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Activity: 76
Merit: 10
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October 22, 2017, 10:07:39 PM |
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We as the users of Bitcoin will simply use this to normal purchase goods from online retailers.The low transactions cost are a great incentives to businesses to accept Bitcoin payment.
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Jovl
Member
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Activity: 65
Merit: 10
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October 22, 2017, 10:13:54 PM |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
Bitcoin is a digital crytocurrency which is commonly use in buying online,purchasing, trading,games,and investing.it can also be use as savings if you wish to stock it and may use in some future time. |
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