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Author Topic: What are the most common uses of Bitcoin?  (Read 8440 times)
Clavulanic
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October 28, 2017, 12:10:27 AM
 #221

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.

For now in my country mate, bitcoin usage still not that widely used compared of what you have experienced in your country. The online wallet payment system was being introduced and not fully at local places purchased like on stores like supermarkets or any fast foods. There's a specific payment system that online wallet is having services like, online billing payments into selected options to prefer of with different bodies of companies affiliated with the site itself. Somehow I hope so that this implementations will cover all those entire country's adoption not even electronic payments, but rather offline payments maybe capable of.

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Netto
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October 28, 2017, 12:12:01 AM
 #222

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.
I also agree with you, currently bitcoin for me is a future asset, where bitcoin is very good developer and bitcoin price rate will also go up so it must be good for investment asset
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October 28, 2017, 12:15:20 AM
 #223

the most common of uses for bitcoin now is buying altcoin and the next is buying goods or what so ever but the priority now of bitcoin holder is  buy altcoin...
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October 28, 2017, 12:29:09 PM
 #224

Now the most common type of bitcoin use is earnings on it, and very successful. I have not yet spent any of my bitcoins, and not yet, as bitcoin brings me income.
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October 28, 2017, 12:38:47 PM
 #225

In terms of earning money, bitcoin can be use as...
1. Earning through joining campaigns.
2. Investing in bitcoin
3. Trading
4. Gambling

It can also be
1. A tool for learning as there are threads that you can gain a lot of knowledge when it comes to earning in bitcoin.
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October 29, 2017, 12:31:58 PM
 #226

The most common use of Bitcoin are right now  buying and holding, so saving. The majority of people do this because they understand the economics of the Bitcoin network.

 
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October 29, 2017, 12:44:52 PM
 #227

If you just want to use bitcoin as a direct currency or a currency that could convert back to Fiat, then just use sites support bitpay or a crypto debit card then you can use bitcoin to buy almost anything. But bitcoin's value really lies in speculation and for that you will need to either Buy and hodl or trade it just like any other financial tools.
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October 29, 2017, 01:40:28 PM
 #228

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.

There are so many use of bitcoin and one of it is to buy things on commercial stores. There  are so may stores that are already accepting bitcoin as a money in exchange to the service or in exchange to the product that they have. Bitcoin are already accepted by so many stores, you can now use bitcoin to purchase things.
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October 29, 2017, 02:03:16 PM
 #229

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.

Bitcoin has so many common uses. Bitcoin can be a money for  you. You can buy things and your needs using bitcoin.There  are so many commercialized store that are already accepting bitcoin as a money in exchange to the product or service that they have example is the well known coffee shop starbucks.
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October 29, 2017, 02:25:36 PM
 #230

The most common uses of Bitcoin are purchasing anything from the online shop, transfer money. Bitcoin is like a digital currency. Bitcoin is also being used to create digital assets on the blockchain.
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October 29, 2017, 02:34:12 PM
 #231

You already know the outline, so basically you use bitcoin for online transactions like buying and selling almost anything
I absolutely agree that bitcoin is for online transaction like paying bills, shopping on online market and many more. You can also use bitcoin for investing and trading. Investment in bitcoin is a good investment to make more income and money. Lastly, trading with bitcoin will help you to become rich.
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October 29, 2017, 02:36:22 PM
 #232

I would have to say that speculation must be the main use of Bitcoin. And this I may add will happen for quite a few years to come also.

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October 29, 2017, 02:45:09 PM
 #233

I would say buying digital goods and using it to invest into other cryptocurrencies are the main reasons it's used for.
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October 29, 2017, 03:36:28 PM
 #234

You missed some of the important uses of the bitcoin here are some of the uses of bitcoin that uses in our daily lives.

* Used as a mode of payment mostly in online.
* Used as a transaction payment.
* Can use in different countries.
* Used in trading.
* As a investment.
* Profit for online workers.

The things you've said or stated are commonly not used or approved by some of the countries.
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October 29, 2017, 03:50:42 PM
 #235

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 most useful and important way of bitcoin, is that you could earn money from bitcoin, do trading, investment and something which you like to do on online and could earn bitcoin. It is most important uses of bitcoin, you could earn money from it and a huge people have daily earning from bitcoin and also i am one of them, and don't forget, you could play online gambling with bitcoin and get fun.   
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October 29, 2017, 03:53:56 PM
 #236

Most common uses is that, we can use bitcoin in our daily need in life like to buy foods, buy needs for educations for our bills, we can also pay bills instantly using bitcoin. Easy and very comfortable since we don't need to go outside to pay our bills. We can also use it everywhere in the world we are and anytime we wanted. Just make sure that you have a remaining balance. Lol!  Grin
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October 29, 2017, 03:54:49 PM
 #237

My common use of Bitcoin is to go to my nearest ATM and cash it out xD

Investing in Bitcoin since 2010.
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October 29, 2017, 04:27:35 PM
 #238

Most of the people purchase online games through bitcoin most of them  use bitcoin for online casinos and many people use bitcoin for online services like shopping etc. bitcoin is digital currency so mostly educated people knows about it and they use bitcoin for online tranactions.

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October 29, 2017, 04:30:14 PM
 #239

The most common used of bitcoin I think is for investment purposes and trading I believe majority of bitcoin owners here use bitcoin to buy alts and then trade them. Some may also use bitcoin to purchased goods and services.
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October 29, 2017, 04:31:47 PM
 #240

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, those are things that you can use with bitcoin. You can also, buy games in steam, put it in the bank or pay your bills, you can also use it in gambling, and invest it with other altcoins. There many things that you can use bitcoin for now a days. As our generation progressing each day, many companies and stores are now accepting bitcoin and this is really good news to us who uses bitcoin. We can see that in the future bitcoin will surely be high and big, that's why many of us are starting to earn in bitcoin and for sure you are also here to earn bitcoin.
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