BlackBird13
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February 26, 2018, 12:16:53 PM |
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In my opinion, BTC is mostly used as an investment option rather than for making purchases and transactions. Why? Because of high fees and because of the payment platforms limitations. It is hard to compare fiat payment systems which are very developed and safe with the cryptocurrency payment systems, which have a lot of space for improvements.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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andrei214
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February 26, 2018, 12:29:31 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.
Bitcoins helps you make your own money.Aside from it helps you on your transactions, bitcoins also helps you create and make more money by investing it.So bitcoin become important to any bitcoin users because of this ideas that could be really helpful for them. |
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BTC-Market
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February 26, 2018, 12:47:04 PM |
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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. Bitcoin is also being used to create digital assets on the blockchain.
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zentdex
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February 26, 2018, 06:02:05 PM |
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For me, the most common uses of bitcoin are for the transaction anonymously, buying the things they want and also, to gain some money. But I am at the moment of gain some money with the help of bitcoin and another cryptocurrency in many different ways. Like trading, join some campaign and mining. But I’m sure most of the people use bitcoin to gain or earn some money, yes you can make money through currency.
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lautantepi
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March 01, 2018, 05:45:13 AM |
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a bitcoin can do it, it is a way of generating solutions as a medium of exchange for consumers, retailers and traders but since their mass transactions have not materialized, what the other party does is they use it as a form of asset and investment as in the stock market.
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wendybean
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March 05, 2018, 05:26:12 AM |
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Bitcoin is an asset which carries more value than real gold. You can keep it as an investment, trade, mine, buy new coins, transfer and earn more through it.
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always1337
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March 05, 2018, 01:00:29 PM |
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I think most common uses of Bitcoin is :
1. Gambling (anonymous)
2. Investing ( ICO project)
3. Transfering from p2p
4. Buying and Selling for profits.
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sungaiyangderas
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March 06, 2018, 04:56:12 AM |
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bitcoin is very good, Can open job vacancies for people who have not got a job like this diforum btc, even around the world with bitcoin. as a great asset to society, more and more companies are surprised by the success change with bitcoin.
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ungongbuotan
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March 06, 2018, 05:03:05 AM |
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Using bitcoin is like how you would use fiat currency. You buy things or pay for services. Some use bitcoin for investments and trading. Although some would prefer using bitcoin as an investment rather than using it as how it was intended to be used, as a decentralized digital currency.
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Joemzz31
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March 11, 2018, 09:39:45 AM |
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One great thing about bitcoins is you can use it in all kinds of commercial transactions and promote the new type of investment wherein convenience and fatest way to money in just a moment.
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Jenn09
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March 11, 2018, 09:49:38 AM |
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I usually use my bitcoin when I need money to our expenses especially emergency needs of my family, I cash out some of my income here in bitcoin, I use my bitcoin to trade in other trading sites for me to earn more money.
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Qartersa
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March 11, 2018, 10:08:15 AM |
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As for me, its use is for investment purposes. When investing, you have to learn when to make use of such or when to just let it be. It is important because sometimes we overdo trying to earn to the point that we are no longer earning but corrupting the very use of the investment we have, resulting to the decline of its value. You should first distinguish the purpose behind the investment you bought. Otherwise, you might just be wasting resources and energy to such.
In Bitcoin, I look forward to utilizing it in the years to come. I actually have a predetermined value. Hence, when I am able to realize such value, that is the time I am already opting out. Nonetheless, one thing is certain, I will not cash out all my Bitcoin. I will always retain a portion of my wealth to it because I believe it is sustainable. Be it known that I am speaking for today. Times change, and so does my decisions are.
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emerejames
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March 11, 2018, 10:18:53 AM |
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There so many uses of bitcoin apart from the above listed these are:-
1 Donation to entities that does no have to concern government
2 Gambling in jurisdictions
3 Transferring asses across borders
4 Hiding assets the government
5 purchasing goods that the government does not like
few but mention
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bddbd
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March 11, 2018, 10:22:20 AM |
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I usually use my bitcoin when I need money to our expenses especially emergency needs of my family, I cash out some of my income here in bitcoin, I use my bitcoin to trade in other trading sites for me to earn more money.
Bitcoin is a type of cyber-virtual currency that is limited in quantity but can be used to cash out: it can be converted into the currency of most countries. You can use Bitcoin to buy some virtual items, such as clothes, hats, and equipment in online games. If someone accepts it, you can use Bitcoin to buy items in real life. |
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yonjitsu
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www.daxico.com
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March 11, 2018, 10:43:55 AM |
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I usually use my bitcoin when I need money to our expenses especially emergency needs of my family, I cash out some of my income here in bitcoin, I use my bitcoin to trade in other trading sites for me to earn more money.
That'll be good since you have already helped you family during emergency time and when they need money. Basically, i used my bitcoin as payment for services and goods from any stores that supports bitcoin as means of payment. |
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garen21
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March 11, 2018, 10:49:52 AM |
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If I ask what bitcoin is most commonly used, I can say a lot but bitcoin is the first to use for people because when you bitcoin you can earn a lot of money in the time you invest in it.
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CodyAlfaridzi
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March 11, 2018, 10:55:48 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.
My main use of Bitcoin is for an investment of course because I'm a Bitcoin believer (also hodler!). Not that I'm greedy but because I believe Bitcoin should worth more than it's current value. I mean Bitcoin market cap is still smaller than Apple's so there is still a lot of room for growth! Another use is for buying things/service online. I'm happy because most of online shop (especially services) now accept Bitcoin. I can buy CSGO skin using Bitcoin, I can gamble with Bitcoin, anything basically. What I'm waiting next is legalization of Bitcoin as a means of payment in my country. Even though it's probably still a few years from now, but I'm positive on it since we're having a surge of fintech development here. |
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Ronyx
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March 11, 2018, 10:57:07 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.
Yes, in addition to bitcoin as a tool to transact online, bitcoin can also be used for investment, which we will benefit to change the future for the better. |
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Techie5879
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Merit: 11
Back from the Dead!
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March 11, 2018, 10:57:46 AM |
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There are various different kinds of tasks people use bitcoins for nowadays. Not only payments, bitcoins can be used to earn a pretty big livelihood if you have some capital, and know how to trade. Of course you'll have to pay income taxes for that, but from what I've heard, it will be definitely worth it. Also, people use bitcoins to transfer money between long distances, as nowadays bank verification and cheques need a lot of hassle. With bitcoin, people can just transfer money instantly, there is no time or amount limit for any day. Convenience is now at our doorstep, what with paying with bitcoin making online shopping even easier.
Also people use bitcoins as an asset, just like gold, keep it in cold storage, and wait for it to become priced at a much higher value, so that their future generations can benefit from it or they can use it during times of their retirements to secure their futures.
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Boov
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March 11, 2018, 10:59:29 AM |
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I usually use my bitcoin when I need money to our expenses especially emergency needs of my family, I cash out some of my income here in bitcoin, I use my bitcoin to trade in other trading sites for me to earn more money.
Yes , im also using my bitcoin for my expenses. Bitcoin is used for certain kinds of emergencies. We need to invest and hold our bitcoin because it is gaining when were holding it. Im also cashing out my bitcoins |
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