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Author Topic: What are the most common uses of Bitcoin?  (Read 8438 times)
Rebisco
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November 13, 2017, 04:12:21 PM
 #301

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.

The bitcoin is now accepting by the merchants and it seems that many more stores will accept bitcoin. One of my dream is to use bitcoin in my daily transaction like buying foods, paying rent and many more transactions.
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November 13, 2017, 04:16:15 PM
 #302

an individual wouldn't be buying btc if it don't have any use but it all depend to an individual though. as trader and investor wanna be btc is for profit. but for someone who wants to load themselves with altcoins, they buy btc for altcoin investment. there are merchants who also accepts btc and clients who doesn't wanna use paypal or privacy, btc is their solution.









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Kidmat
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November 13, 2017, 04:22:40 PM
Last edit: November 13, 2017, 10:09:23 PM by Kidmat
 #303

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.

The bitcoin is now accepting by the merchants and it seems that many more stores will accept bitcoin. One of my dream is to use bitcoin in my daily transaction like buying foods, paying rent and many more transactions.
Bitcoin is no merchants here and its mose use for investment. The most use of bitcoin is using an investment which can gain profit easily. Yes the good thing is we can use bitcoin in paying bills online and buying things online.
Kevondo
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November 13, 2017, 04:42:39 PM
 #304

Bitcoin is doing so much today as buying goods at online shops. And the number of scams in bitcoin is growing and if it continues, many of us will be sad and Bitcoin is also used in investment trading gambling social medias and many more so the bitcoin is growing and the bitcoin becoming popular.
Yes it has a lot of the features and the profit of the bitcoin is also now very high and now all the investors trust the bitcoin and the income of the bitcoin is going to increase more and more. I can see the bitcoin is now growing and all the people who are the part of the bitcoin are trying to make the other people aware of the bitcoin benefit and the bitcoin is now making all easy for the people.
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November 13, 2017, 04:43:35 PM
 #305

The most common uses for bitcoin is probably making money out of it. Because a lot of people are here to try to make money out of bitcoin witch works really well because as you can see there are a lot of people investing and the value is really high.
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November 13, 2017, 04:44:36 PM
 #306

You already know the outline, so basically you use bitcoin for online transactions like buying and selling almost anything


Obviously because we cannot have any transactions with the use of bitcoin offline. We need to use bitcoin only for online transaction such as buying load, sending money to the bank, paying electricity bills, water bills, and any bills that can be done online are the common uses of bitcoin. We never use bitcoin for offline transaction because we cannot literally hold bitcoin like the fiat money.
Apparently it is obvious that most common use of bitcoin is for paying online. And since it done in online, it can also use it in illegal transaction so the criminal use bitcoin to eliminate all digital traces of the acquiring of this asset, making it impossible for your BTC to be link with your government identity. You can then store or use these Bitcoins with the confidence that they will not be accused of being used for tax evasion, or even traced to be used in illegitimate transactions by the things that sold them to you.
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November 13, 2017, 05:29:31 PM
 #307

Bitcoin has so much potential in replacing PayPal and VISA ,Mastercard, AMEX for many transactions.Some of the most important uses of bitcoin, the are you can fight ticket, hotel room.and other product uses.
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November 13, 2017, 05:29:50 PM
 #308

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.

all you want in life is here in bitcoin,you only need to study all about bitcoin because there's a lot of knowledge here like how to earn or ideas that will make your life give so much conveniece.Your newbie so you need to read here in forum for a lot of knowledge about bitcoin,the only thing that i can say is bitcoin give so much conveniece

xBitHodler
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November 13, 2017, 09:50:44 PM
 #309

Many different people use Bitcoin in many different ways. I personally prefer not to use Bitcoin for daily purchases. I prefer to hold my Bitcoin. The only things I'm using it for is paying my electricity bills. I don't have to worry about sending BTC to an exchange, selling it, cashing out and then paying income tax. It was too much hassle for me.
Chachacoin17
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November 13, 2017, 10:36:25 PM
 #310

Many different people use Bitcoin in many different ways. I personally prefer not to use Bitcoin for daily purchases. I prefer to hold my Bitcoin. The only things I'm using it for is paying my electricity bills. I don't have to worry about sending BTC to an exchange, selling it, cashing out and then paying income tax. It was too much hassle for me.
well the most common use of bitcoin today is for investment i believe that bitcoin today is the most common way to get more income that can be use in our daily life of living .maybe people will already known that bitcoin is really good .because the usage of bitcoin today is increasing and it is getting popular its day so then i believe that the bitcoin use is for profit or maybe for helping people that suffers poverty .
FaithETH
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November 13, 2017, 11:05:38 PM
 #311

It's pretty much a currency you can buy stuff with, the catch is that it's just a bit different in a few aspects that make it distinctive from regular currency. You can even buy your groceries with it if you like, but the rule of thumb is that it's mostly used as a way to earn huge money by holding, or hodling as it's called, bitcoin to sell it later.

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November 13, 2017, 11:41:00 PM
 #312

Bitcoin has so much potential in replacing PayPal and VISA ,Mastercard, AMEX for many transactions.Some of the most important uses of bitcoin, the are you can fight ticket, hotel room.and other product uses.
Yeah replacing those traditional money remitting services and payment methods if you just want to send money to other people. The most common use of bitcoin is that way and next to it is when you are paying bills with your bitcoin. Well its possible everything that you can do any transactions with bitcoin as this is a digital money so anyone would love to transact and have it anyway.



 

 

 

 

 

 


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DoublerHunter
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November 14, 2017, 08:30:31 AM
 #313

Bitcoin has so much potential in replacing PayPal and VISA ,Mastercard, AMEX for many transactions.Some of the most important uses of bitcoin, the are you can fight ticket, hotel room.and other product uses.
Yeah replacing those traditional money remitting services and payment methods if you just want to send money to other people. The most common use of bitcoin is that way and next to it is when you are paying bills with your bitcoin. Well its possible everything that you can do any transactions with bitcoin as this is a digital money so anyone would love to transact and have it anyway.
Bitcoin is a great replacement for the remittances and other payment methods that we have right now because with bitcoin you are safe and you don't need to worry for the things that you encountering when you are using the old way of remitting money to other people or to other places in the world. With bitcoin you can do things easily and with just your device and your internet connection, you can transfer money easily without a hassle.
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November 14, 2017, 08:50:01 AM
 #314

One of the most common use about bitcoins is in the business trading or in the investments because every bitcoins has a lage amount of fiat money in exchange it is more commonly use in big investments.
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November 16, 2017, 06:36:28 AM
 #315

The common uses of bitcoin are to earn money, easy investment, selling online and paying payables using bitcoin.
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November 16, 2017, 07:10:50 AM
 #316

the bitcoin lens is a big help for those in need not view drug use bitcoin

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November 16, 2017, 07:31:19 AM
 #317

The biggest uses I know of are cross-border transactions and good financial products. The price of bitcoin fluctuates widely and is suitable for short-term or long-term investment.
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November 16, 2017, 08:28:22 AM
 #318

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.


Anything that fiat money can buy can be done also with bitcoin and its  much safer in doing some transactions all you need is your phone or  your laptop..its just started to spread in some other countries they already have mechants that accepts bitcoin as a payment like online shopping,online booking,hotel and spa,also used for trading and investments..this forum also you can earn BTC here.
Bitcoin really makes our life more convenient in different ways..so we must value its existence.

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November 16, 2017, 08:28:27 AM
 #319

You can use Bitcoin as a currency; purchase goods, transact with anyone for anything, basically the same way you use fiat currencies today. Bitcoin is also used as a investment vehicle, as many speculators believe bitcoin will continue to grow in value thus making it a good albeit risky investment.
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November 16, 2017, 08:32:16 AM
 #320

Bitcoin's most common use is definitely as a store of value. Infact, it's probably the best in the world at that. But until volatility calms down & major roadblocks like scale-ability are resolved, it'll never get widespread adoption as an actual currency.
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