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Author Topic: What are the most common uses of Bitcoin?  (Read 8438 times)
Epimetheus
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October 26, 2017, 04:12:00 AM
 #201

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.

Most common use that I use bitcoin for is gambling and I got to knowing about bitcoin because of gambling websites, first I used to gamble by depositing from debit cards in bet365 and other websites but once my parents saw my bank statement and scolded me then I was on quest of finding an alternative then came to know about bitcoin and then I started using it and now I'm fine and they don't bother me now.
thenameisjay
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October 26, 2017, 04:12:45 AM
 #202

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.


You can cash cow it and let it earn interest with the recent trends. You can also use it to invest in ICOs so they can develop other cryptocurrency, which is beneficial to the circulation and production of new and innovative coins.

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jack1111
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October 26, 2017, 04:32:12 AM
 #203

Bitcoin can buy everything you want, directly or indirectly. For Amazon and other similar markets, you can buy gift cards with Bitcoin, so you have no problem in buying almost everything on these markets.
WannaCry
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October 26, 2017, 01:58:45 PM
 #204

Well for me the most important thing bitcoin can do is to allow me to go shopping online. It's very convenient because I don't need to go to malls anymore. Also, what I like about bitcoin is that you can use it for gambling, which is one of my hobby.
BingoDog
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October 26, 2017, 02:12:03 PM
 #205

Use of bitcoin changes with time. At the begininig it was mainly used by bitcoin enthusiasts on dark markets and for crypto trading and now it's more and more often used in everyday life of an average user to buy everyday goods and services, the bitcoin debit cards have appeared. For me it's quite normal to go to the store in the area I live and pay with bitcoin on my card. Few years ago something like this was beyond imagination.

malaj
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October 26, 2017, 02:20:58 PM
 #206

I think the most common use of bitcoin is for investment, I'm sure 75% of users will make bitcoin as an investment while the rest for trading, cloud mining, gambling and so on.

great
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October 26, 2017, 02:28:07 PM
 #207

I use bitcoin for purposes such as investing in other activities to continue to increase my own coins
DBronze98
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October 26, 2017, 02:42:41 PM
 #208

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.

I rarely use bitcoin to pay for items on the online site. I only use my bitcoin for the purpose of making money

Denilatm
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October 27, 2017, 05:23:56 PM
 #209

One of the biggest uses of bitcoin is it's pseudonymous.Another of the biggest uses of bitcoin is that, compared to other electronic payment systems, it has a very low transaction cost.
Hobo66
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October 27, 2017, 05:36:42 PM
 #210

The most common use of bitcoin would be trading and buying goods,
thousands of people worldwide trade bitcoin each day for other altcoins or even fiat money.
bitcoin trade over 2M daily on the coinmarketcap calendar: https://coinmarketcap.com/currencies/bitcoin/

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ghost424
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October 27, 2017, 05:48:10 PM
 #211

Your current list is a good one and yes you can book flights at airports and the payment will be bitcoin but this can only happen if the airport is knowledgeable about bitcoin which is rarely seen. You can also convert bitcoin into cash and pay for the bills for utility. You can also use the cash to buy food and pay tuition fees at school. You can also treat yourself because you worked hard so that you can earn bitcoin. You can also invest bitcoin for future use.
sayemcse
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October 27, 2017, 05:51:17 PM
 #212

there are lots of thing you can do with BTC such as - buy flight ticket , buy pizza from some web site . and now a days amazon also support BTC

THANKS
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October 27, 2017, 05:55:02 PM
 #213

It's nice to see people able use bitcoin for purchase at everywhere meanwhile my government still forbid bitcoin usage because of security reason.
I'm always wanted that McD or KFC accept bitcoin as their transaction but I think I must wait for longer time to see that happen
betMaster
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October 27, 2017, 05:59:47 PM
 #214

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.

Even tho the uses you listed are true and can be done , not all flight companies , hotels or restaurants accept bitcoin as a payment method since it's been newly introduced to a lot of people across the world and a much larger number of people is still unaware of it . You might find some markets that can accept it especially in china and the middle east generally but people in south Africa or in Latin America are certainly not aware of it .
Bitcoin does also has many other uses such as using it in online casinos or Eshops such as Aliexpress etc . But if it were me i wouldn't even think of using my funds because the true potential of bitcoin isn't reached yet and i'm almost sure that it's value nearing 5.7k now will double by 2018 end .
hurain
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October 27, 2017, 06:01:19 PM
 #215

The most common use of bitcoin would be trading and buying goods,
thousands of people worldwide trade bitcoin each day for other altcoins or even fiat money.
bitcoin trade over 2M daily on the coinmarketcap calendar: https://coinmarketcap.com/currencies/bitcoin/
In fact bitcoin is not created for trading and investment, but unfortunately still the facilities of bitcoin to use it as currency is not available every where and therefore we are using it for trading and other such purposes. i think in future we can expect to use bitcoin as currency in stores both for online  as well as for offline purposes but it is in fact depending on the number of bitcoin users. As soon as the number of bitcoin users will increase more opportunities will he people to use bitcoin as currency.
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October 27, 2017, 06:10:38 PM
 #216

If I use the most common bitcoin in my opinion as a means of online payment transactions, but now bitcoin has various functions such as for trading and investment because bitcoin has a high value so the current bitcoin function as a valuable asset.
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October 27, 2017, 07:54:46 PM
 #217

If I use the most common bitcoin in my opinion as a means of online payment transactions, but now bitcoin has various functions such as for trading and investment because bitcoin has a high value so the current bitcoin function as a valuable asset.
You can soon also be able to use it for online purchases on Amazon.com. That will be a new channel of uses on its own.
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October 27, 2017, 11:38:03 PM
 #218

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.
Exactly there is so many purpose of Bitcoin and the main use of bitcoin is to earn money. According to my thinking it is the most useful asset in the present time. Different people have their own mental approach towards it. Some people purchase goods and services through it. A person can use Bitcoin to pay bills, online purchasing and trading through it.
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October 27, 2017, 11:51:56 PM
 #219

I'd say that the most common one is it being an investment asset at this time, since it being the currency, that's used regularly, is a little further away in the future since it becomes the main use of it.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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October 28, 2017, 12:02:37 AM
 #220

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 our country, there is a local platform which allows us to buy goods and services, the application allows us also to pay in private and public institutions. The most simplest way you can use your Bitcoin is to buy a prepaid load, the platform also offers the connection of payment to electric company and internet com. What's more interesting is that it may be use as a form of payment for public health and life insurance and even as payment for tuition fee in some selected universities in our country. Bitcoin can be widely use now, but for me it is still wiser if someone will consider it as an asset and investment.
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