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Author Topic: What are the most common uses of Bitcoin?  (Read 8482 times)
whalesburg
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October 19, 2017, 09:39:43 AM
 #61

The most common - investments & trading, in addition really popular in hotels, hosting providers and gambling sites. I strongly belive the situation will change and more sellers will accept crypto-currencies - we already have many projects aimed at development of crypto payment cards, terminals, e-stores so we have all chances
shezu007
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October 19, 2017, 10:01:16 AM
 #62

bitcoin is a crypto currency and it have the best quality that it is easily can be converted to any of your desired currency. so it means you can use bitcoin every where depend on the areas like in some places bitcoin accepted is started while in most areas payment in bitcoin is not accepted so for this you can change bitcoin to desire currency. i am using mostly bitcoin for online shopping and gambling sites etc.
matricaria
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October 19, 2017, 10:18:56 AM
 #63

the main investment

Faxmate
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October 19, 2017, 04:37:55 PM
 #64

Bitcoin is primarily used as a means of storing value. That is, with his usual storage in his wallet, he brings a good profit due to the constant growth of his rate. It is also used as a means of payment and a means of exchange for other types of money. As a means of payment, it is usually used to purchase expensive items and services due to the high cost of conducting transactions and a long period of time for this.
Yes I agree with you bitcoin is going to use for different things it can be used for our daily expanse also it can be used for paying bills but most people are using it for daily trade theses uses are common use but some people are using it for investment also actually bitcoin is a digital currency and can be used for everything parents are using it as tuition fees for their children.
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October 19, 2017, 04:39:18 PM
 #65

you can use it on trading and as an investment!
you can buy your bills and meals.
you can send load to love ones in any place of the world ! you can shop online with this bitcoin too
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October 19, 2017, 04:47:10 PM
 #66

the most important using bitcoin easy to used to all and the very most important not only to use buy food or payment for the transaction bills etc. savings of bitcoin are the best important because bitcoin are keep increasing become profitable.
 

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October 19, 2017, 04:48:35 PM
 #67

Trading is the #1 use for Bitcoin and then probably buying online goods such as accounts etc. There really isn't enough companies accepting Bitcoin right now.
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October 19, 2017, 05:03:00 PM
 #68

The most common use of bitcoin is as an investment. While the use of bitcoin as a means of payment, especially in my country, is still not so popular. But over time, I hope more and more merchants will apply it.

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October 19, 2017, 05:17:24 PM
 #69

The most common use of bitcoin is as an investment. While the use of bitcoin as a means of payment, especially in my country, is still not so popular. But over time, I hope more and more merchants will apply it.
yeah aside from investment we all hope that adoption will follow so we can use our bitcoin not only online but also paying our daily needs
time will come and more businesses will start accepting btc for sure.
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October 20, 2017, 05:38:53 AM
 #70

I think that right now bitcoin is used about:

80% for trading on exchanges
 5% online transactions as in sending money (including payments for services)
 2% for shopping in physical stores, paying for tickets etc
 
and for the last 10% , ...scams.



How much percentage would you put on the more illegal activities like  the buying and selling of drugs in the dark markets, money laundering, unlicensed gambling and ransomware payment demands? I believe illegal activities are around 60% of Bitcoin's usage.

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germa66
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October 20, 2017, 07:11:58 AM
 #71

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.

everything you say is all the benefits of bitcoin and everything related to bitcoin online transactions can be used. and the most profitable is to invest and trade to get more bitcoin and money

Marrionbitcoin
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October 20, 2017, 08:20:52 AM
 #72

I'm using Bitcoin for paying my monthly bills like , Electricity, Water, Cable, Credit Card, Insurance, Tuition fee, Phone bills, etc. It is very hassle-free because you don't need to go to stores, malls and other facilities to pay them all but only using your cellphone. You can pay wherever and whatever you do. So easy to pay and you'll get a rebate. Cheesy Lastly, I use Bitcoin for my investments, I can place it if the rate is low and sell if high. It is easy to learn this new type of investment. What are you waiting for? Use Bitcoin now! Smiley
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October 20, 2017, 08:47:19 AM
 #73

The most important of Bitcoin advantage is that You can use it to store your asset. Transfer all your asset to buy Bitcoin, after that  you can travel around the world. Everyplace you come, you also use BTC for payment.  Grin

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October 20, 2017, 08:50:46 AM
 #74

For now bitcoin is used almost for trading and investing. Not many stores accept btc.

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Vritesh
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October 20, 2017, 09:36:18 AM
 #75

The most common uses of bitcoin are it can be used as a way of side income.It can be used as an investment asset to invest our money. It can be used for cheap and fast online transactions .

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senne
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October 20, 2017, 09:39:11 AM
Last edit: October 23, 2017, 07:10:06 PM by senne
 #76

The most common uses of bitcoin are it can be used as a way of side income.It can be used as an investment asset to invest our money. It can be used for cheap and fast online transactions .

But out of all these I would say the fact that it makes online transactions fast and secure is one of its common uses. Moreover it is its basic function to do so, Bitcoin is based upon the fact that no middle person or banks should participate in transactions and people can easily transfer money from one part of the world to another without any need of mediator. But right now Bitcoin is not that much popular among people so right now, Bitcoin is also commonly used as a way of investing money.  
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October 20, 2017, 09:54:12 AM
 #77

Bitcoin is the most renowned cryptocurrency of the present era because it provide us with many facilities.The most common uses of Bitcoin are - it can be used for online transactions within or outside the country as it provides us the facility of cheap and fast online transactions.It is the finest investment plan and provide us with profitabe investments .So another common use of Bitcoin is that it can be used to invest our money.
Rebellious
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October 20, 2017, 09:58:33 AM
 #78

you can buy a Lambo with it.
But it's mostly used trade.
wellsontheja
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October 20, 2017, 10:17:54 AM
 #79

It's all, you can earn money by trading using bitcoin, buy whatever you want by that but for buy something i thought it's abit hard for now because there's not many store accept bitcoin.
Wong Gendheng
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October 20, 2017, 10:52:30 AM
 #80

The most important thing I do with bitcoin is I make it as a future investment, not many online shopping in my country that receive bitcoin so I just use to pay some bills and of course I swap to fiat if feel profit.
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