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Author Topic: What are the most common uses of Bitcoin?  (Read 8438 times)
vinz7229
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October 20, 2017, 11:36:53 AM
 #81

There's a lot of things that you can do in Bitcoin, you can use it for trading, which is nowadays lot of traders buy Bitcoin and invest it in different kinds of trading sites, they also use it for gambling. there's some gambling site that gives free faucet so that you can use it for betting, you can also use it to buy product onlines, and buy all kinds of crypto currency.
RavenHood
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October 20, 2017, 11:39:40 AM
 #82

The most common uses of bitcoin are buying and selling it, most of the investors and traders want to do this thing to earn a lot of money. The next thing I know is about  online transactions like send money, use to pay the bills in online and buying something without any information needed.  
Agamemnus
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October 20, 2017, 03:36:36 PM
 #83

The most common use of Bitcoin right now is saving. It is still in a store of value stage so there aren't much use cases for people spending. But you can still buy some things and pay people for work, and send $ across the globe cheaply and safely.

bigmaster23
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October 20, 2017, 07:35:17 PM
 #84

There lot of various things to use the btc on the market web tickets gift steam etc on also you can trade your btc at some broker. The only things I spend my btc is to have things clothes accessories etc.

YellowRiver
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October 20, 2017, 09:54:24 PM
 #85

The most common used of bitcoin is stored of value and the channel of investment. However in future we would see many people trying to used bitcoin as a means of exchange for goods and services. I have foreseen that in few years to come bitcoin is going to be major currencies in most of third world and underdeveloped countries. Moreso before 2019 I believe that many online mainstream retail shops will start to accept bitcoin as a mode of payment.
Bitcoin is starting to become a mainstream currency because the people are now using bitcoin as a way of making purchases or payments online because it is a less hassle since you don't need to provide all of your personal information and you just need to get the bitcoin address then you can easily send your payment without having any problem.
Yes I agree with most of the people are using bitcoin for investment purpose because it’s the easy way to earn money here and I’m also using bitcoin for investment purpose when the price go down so then I buy bitcoins and when the price go high then I sell out all my bitcoins and I’m taking a very good advantages of it and some people are also using bitcoin for daily trade as well.
Cosbycoin
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October 21, 2017, 06:41:53 AM
 #86

common use would be trading and investment bitcoin, buying and holding it for future profit. can also use as payment for goods online and also payment for your job.
Different kind of people are using bitcoin for different purposed as per their approach of thinking and as per their needs. Some people take bitcoin light in their lives and using bitcoin for the time being purposes without any future plans/aims and wasting bitcoin buying clothes, electronic accessories or something rubbish things while wise men don’t use bitcoin in this kind of ways.

They invest their bitcoins in trading for future purposes and they earn great profit from it but commonly people using bitcoin for trading.
Alphagog
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October 21, 2017, 11:49:33 PM
 #87

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.
The most important and common thing I do is that I bought the Bitcoin when it’s price value is low and sell it when it’s price value goes up. Many people earn money by trading the Bitcoin. The other things any one can do by it is pay online payments, make transactions, hire a vehicle etc. In my opinion the best option is to buy and sell Bitcoin according to its price rate.
Ferris419
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October 22, 2017, 01:15:15 AM
 #88

Majority of people are using bitcoins for trading and gambling purposes as bitcoin allows to gamble freely without any hassle and people also get full privacy and their identity remains intact if they gamble with bitcoins and some of them use them in online shopping or paying bills depending on the needs and purpose of an individual.

Bitcoin is gonna hit 100K usd
bakunawaaa
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October 22, 2017, 01:28:51 AM
 #89

From what I read there are about 7 common uses of btc.

1) decentralized currency makes it easy to conceal your actual assets
2) buying things that the government does not allow
3) donating to a group or people that governments dont like
4) transfer of money from one jurisdiction to another without the notice of the government
5) gambling in places the government does not allow
6) purchasing services that are not allowed
7) deep web sites and other sites that are not common only accepting bitcoin

paul00
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October 22, 2017, 02:04:08 AM
 #90

Majority of people are using bitcoins for trading and gambling purposes as bitcoin allows to gamble freely without any hassle and people also get full privacy and their identity remains intact if they gamble with bitcoins and some of them use them in online shopping or paying bills depending on the needs and purpose of an individual.
I agree to you thats why I use to gamble using bitcoin because my identity is hidden because in our country if you are working on a government agency you are not allow to play on a land base casino or I think if they find it also that you are gambling online you will also get fired from work.
Deceiving Mirage
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October 22, 2017, 02:15:32 AM
 #91

Bitcoin is mainly used to purchase goods and transact with anyone or anything since it is a digital currency.  Smiley
Malamok101
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October 22, 2017, 02:22:26 AM
 #92

Use of bitcoin i think trading,investing and money bitcoin is a currency but it also a money too.

ruskytailz02
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October 22, 2017, 02:33:27 AM
 #93

Alternative money exchange to fiat
Maybe job for SOME people
Trading
Investing
Gambling
Lending
But the most use is money to pay bills
Buy stuffs etc..


Some bad people
Uses to crimes
Money laundering
polymerbatt
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October 22, 2017, 02:41:56 AM
 #94

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 your points can't be applied to other countries though, not all people on other countries accept bitcoin and bitcoin is not popular in some countries too. I think the most common uses is for trading, gambling and buy/sell some stuff at online. Investing also one of them.
Arindava
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October 22, 2017, 02:45:13 AM
 #95

If many countries have been able to use Bitcoin as a tool to make transactions not with my country, most in my country use Bitcoin just for investment, but that does not mean it can not do transactions but still very few and people do not know.
dhas
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October 22, 2017, 02:46:51 AM
 #96

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.

In addition to that bitcoin can also be use in paying bills. Me, personally I usually use bitcoin in buying and sharing load to other. And commonly I'll just invest my bitcoin to earn a profit before I could exchange it to our local money. Bitcoin is very helpful in terms of financial.
Sometime I also try gambling using bitcoin.
sakkosekk
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October 22, 2017, 03:40:31 AM
 #97

Bitcoin is used, applied to live activities in practice has not been much.
Some places, the goods, the country has accepted to pay by bitcoin
sakkosekk
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October 22, 2017, 03:41:14 AM
 #98

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.

In addition to that bitcoin can also be use in paying bills. Me, personally I usually use bitcoin in buying and sharing load to other. And commonly I'll just invest my bitcoin to earn a profit before I could exchange it to our local money. Bitcoin is very helpful in terms of financial.
Sometime I also try gambling using bitcoin.
Exactly, I think about the financial investment in tradecoin, the bitcoin is actually the most commonly used today.
sakkosekk
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October 22, 2017, 03:43:41 AM
 #99

If many countries have been able to use Bitcoin as a tool to make transactions not with my country, most in my country use Bitcoin just for investment, but that does not mean it can not do transactions but still very few and people do not know.
My country too, bitcoin has not been officially recognized and used, nor is the law protected forms of transactions, disputes around bitcoin
Hope your country soon recognized bitcoin
francesyrus
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October 22, 2017, 03:50:50 AM
 #100

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


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