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Author Topic: What are the most common uses of Bitcoin?  (Read 8440 times)
EmmaAllen
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November 20, 2017, 10:47:51 AM
 #381

Most common uses of Bitcoin is digitization and banking free transaction.
mammoniter
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November 20, 2017, 10:54:47 AM
 #382

The common uses of bitcoin these days Online and technology related goods and services,you can buy/sell online goods or service for Bitcoin.

Yes mostly everything online about trading is what bitcoin do best. Its fast transactions and high value makes it very good option in online transactions which is why it has been very famous today as an online currency.

tbterryboy
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November 20, 2017, 11:11:36 AM
 #383

Yes bitcoin is now useful today. You can now transact even without cash. Many establishment now were accepting bitcoin.
Haha! This is really a big benefit of bitcoin for community that you can easily pay bill online using the most famous and profitable digital currency. I know many people who are fond of clearing their all bills with bitcoin. According to them the transactions are really faster and the best thing is that there is no involvement of any third party. Bitcoin has countless uses which are not possible to be listed altogether.
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November 20, 2017, 11:13:35 AM
 #384

You can use Bitcoin as a currency; purchase goods, transact with anyone for anything, basically the same way you use fiat currencies today.
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November 20, 2017, 11:18:50 AM
 #385

Bitcoin has many uses ,we used this kind of digital currency in paying our bills like credit card bill,utility bills and other expenses that I used with bitcoin.And bitcoin gave us other income to help in our financial needs.It much fast transactions and no hassle to fall in line in other payment bills.Bitcoin is a better than fiat because it became popular for being comfortable using it.
VayneAurelius
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November 20, 2017, 11:25:13 AM
 #386

I am also a newbie, and these are the usage of bitcoin for me:
  • You can buy food if you're hungry.
  • You can go out of town.
  • Buy those things that you don't have such as phones and others.
  • Treats to friends.
rfouziha
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November 20, 2017, 11:27:43 AM
 #387

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 my country I cant do all the above directly with bitcoin payment. What we can do is you can transfer your bitcoin with the help of exchange into local currency directly to your local bank and from that local bank all the above is possible for us and I have seen my friend do like this only. It is practical.
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November 20, 2017, 11:38:45 AM
 #388

In our country most bitcoin users utilizes it as a way of sending money to their loved ones or relatives.
Especially since it doesnt have a limit on how much you can send and received. Therefore it is now becoming popular in here.


Same here. The most common uses of bitcoin is using it as payment for the goods we usually buy online or the services we use. But people will also use it when they want to send some money to your account and I think he or she can easily give us before our money will be just for they were attracted by the people who wear attractive jewelry and dress.

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November 20, 2017, 11:50:28 AM
 #389

we’ll look at some of the common reasons people use bitcoin and some of the most common uses of bitcoin overall.
Bitcoin Use 1: Spending Money Privately
Bitcoin Use 2: Low-Cost Money Transfers
Bitcoin Use 3: Day to Day Purchasing of Normal Goods
Lady Coquet
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November 20, 2017, 12:46:47 PM
 #390

The most common uses of bitcoin it gives people a source of income for you to provide all of basic needs and to pay all of your bills at home that's why it is very helpful to the people who do not have any work or jobs because the money that you will earn in bitcoin is also a regular job.
Pettuh4
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November 20, 2017, 12:53:39 PM
 #391

The most common uses of bitcoin it gives people a source of income for you to provide all of basic needs and to pay all of your bills at home that's why it is very helpful to the people who do not have any work or jobs because the money that you will earn in bitcoin is also a regular job.

I currently use bitcoin as a means of investment and so i buy every time i get the chance to buy some bits of bitcoin and keep stocking up bitcoin because in future that's what i am going to sell or use as an insurance or my retirement package.
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November 20, 2017, 01:01:13 PM
 #392

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 think the main uses of Bitcoin are only divided into two: as a currency and as an investment. Bitcoin is rwally a digital currency which is used on daily transactions in countries where it is already legal. Also it is a good investment because it has a high rate of increase on its market value makinf it a good investment that gives profit to its users and investors.

setupbounds
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November 20, 2017, 03:05:29 PM
 #393

Are there many retailers that accept bitcoin? I haven't come across it yet. People on this thread have said you can use it to buy and sell almost anything; that's true, as long as the person/company on the other end accepts it. Many don't.
This is indeed the most common sue of bitcoin at present. People are using it day by day frequently in international transactions. Bitcoin is decentralized and very easy to transact without approval from any third party. Moreover bitcoin is used usually for making large money. People are suing it to hold it for large period because this is the only currency which makes them rich in small time.
shezu007
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November 20, 2017, 06:46:15 PM
 #394

Are there many retailers that accept bitcoin? I haven't come across it yet. People on this thread have said you can use it to buy and sell almost anything; that's true, as long as the person/company on the other end accepts it. Many don't.
This is indeed the most common sue of bitcoin at present. People are using it day by day frequently in international transactions. Bitcoin is decentralized and very easy to transact without approval from any third party. Moreover bitcoin is used usually for making large money. People are suing it to hold it for large period because this is the only currency which makes them rich in small time.
The use of bitcoin is everything which is online you can buy it through bitcoin. One another common use is to hold it for time and sold it when the value of bitcoin go high. In this way people earn money while sitting in your awn room.
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November 20, 2017, 06:49:00 PM
 #395

I have heard that in many small countries retailers have been started accepting Bitcoin as well as other cryptocurrencies for transactions, if it is widely adopted then we may have a brighter future for bitcoin.

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aftab.436
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November 21, 2017, 07:42:40 AM
 #396

I have heard that in many small countries retailers have been started accepting Bitcoin as well as other cryptocurrencies for transactions, if it is widely adopted then we may have a brighter future for bitcoin.
The use of bitcoin is to buy goods of your needs and every things. I use my bitcoin to fulfil the need of my education and my life in my hostel. But the real use of the bitcoin is to invest it in projects and generate income with these bitcoin. These projects will generate more income in future investors. In this way you can earn more. using bitcoin in different project is a key skill, it need some hard work in start but it generate high income with use.
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November 21, 2017, 10:47:27 AM
 #397

bitcoin is a cryptocurrency it like a real money but,basically the use of bitcoin nowadays is you can pay your payment with bitcoin, you can buy food for your hungry tummy its like an instant transaction thats all i can say.
Daily trade is the common use of bitcoin but it not only using for daily expanse there are also a lot of uses of bitcoin some people use bitcoin for daily trade and some of them use it for investment so I think bitcoin is very important and useful for world and people are going to take advantage from it so the use of bitcoin is on daily base.
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November 21, 2017, 11:03:31 AM
 #398

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 virtually buy almost anything with bitcoins because of Amazon's affiliation with bitcoins. Microsoft also offers their products with bitcoins as payment. Bitcoins are also a way of earning a lot money without having to consult stock brokers. Bitcoins are a great way to get into investments.

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November 21, 2017, 11:17:05 AM
 #399

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.

for the moment in my country the use of bitcoin directly can not be because in my country not yet fully use bitcoin as official currency as official payment instrument for that I have to exchange to official currency in my country
Md Saad
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November 21, 2017, 11:40:49 AM
 #400

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 have already mentioned all of the important issues regarding the use of Bitcoin...
Basically, Bitcoin is being used for the purpose of payment method, so we are able to pay Bitcoin in many sources like Online shopping, Travelling, paying the food bill and others necessary work.
But for me, Bitcoin is more than a payment system, I want to focus only on the trading platform and Investment purpose.
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