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Author Topic: What are the most common uses of Bitcoin?  (Read 8440 times)
takoisawesome
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January 09, 2018, 10:48:28 AM
 #581

store it and watch it grow
Seaze007
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January 09, 2018, 10:52:25 AM
 #582

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.

Their are more used of bitcoin. You can used for trading, paying bills, buy your favorite goods. And also you can hold for the future.
icaica22
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January 09, 2018, 11:43:50 AM
 #583

Bitcoin is also the main platform used to invest in ICO projects, is also a means of saving for a guaranteed future
Sean25pogi
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January 12, 2018, 04:35:36 PM
 #584

The most common uses of bitcoin is trading and mining, because in this way you can earn more bitcoin and a high value of money thats why many of the user uses bitcoin for trading and mining.
vinz7229
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January 17, 2018, 02:59:27 AM
 #585

Bitcoin can use to purchase online. So most common use of bitcoin is transactions online lke shoppin online.  In my country we cant apply it yet but i think in other country we use this. Anyway its online so most of the product online is international. In other country they can use this to pay bills, pay in a hotel and order fast fod chain.


you're right, here in our country bitcoin really in demand, as a matter of fact, in our company were i work in, almost all my office mate are working in bitcoin and we are free from everything cause our government didn't ban bitcoin. Unlike other country they totally banned bitcoin because they don't want to regulate it cause bitcoin doesn't control by anybody else. it's a virtual currency were in anybody are free to do everything. bitcoin is usually use to buy different altcoins to trade in.
katarina_jw
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January 17, 2018, 03:00:16 AM
 #586

Now I guess it's exchange for altcoins
rasmadisulaiman
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January 17, 2018, 03:33:52 AM
 #587

Indeed bitcoin can be used for all means of payment as long as the payee still receives bitcoin, but over time the bitcoin function shifts for the investment tool and as a long-term asset. Not many use bitcoin as a means of payment, but still some use bitcoin for online shopping.

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Blue Bell
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January 17, 2018, 06:11:46 PM
 #588

Major use of bitcoin right now is its use for purchase of other currencies and trade on all exchanges. Because of this demand is high and it's price is rising more and more as more people are entering in crypt and they have to buy bitcoin first to trade against other coins. 
Bitcoin is a digital currency and it work same like other currencies you can buy a lot of things such as food and other daily life important things last week I buy some median and it is now accepted to many restaurants and hotels so bitcoin is now very valuable and there are a lot of countries where bitcoin is very popular and I’m sure that everyone will use bitcoin as I’m going to use I also pay all my bills through bitcoin.
ross09
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January 17, 2018, 06:52:56 PM
 #589

You can earn money by speculations)

You can use Bitcoin as a currency; purchase goods, transact with anyone for anything, basically the same way you use fiat currencies today..  Bitcoin is also used as a investment vehicle, as many speculators believe bitcoin will continue to grow in value thus making it a good albeit risky investment.  ..Bitcoin is also being used to create digital assets on the blockchain. This is done through some third-party open source software such as counterparty and colored coins, to name a few.

Malintha1996
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January 17, 2018, 06:58:13 PM
 #590

Today for almost of the crypto currency investors bitcoin is an investment with a huge future potential. But apart from that, as you have identified bitcoin can be used for  purchasing. It goes without saying that in future bitcoin will be the digital currency. Everything will be sold or bought using bitcoin. Since the system is decentralized there will be no regulations in making transactions.This leads the systems to few drawbacks such as donating or funding parties which the regulations of a particular country will not approve.
However, I believe that there will be a way to stop such  activities in near future.



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cryptojoe
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January 17, 2018, 06:58:53 PM
 #591

Bitcoins are used as online payment for transactions.
freshm4ker
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January 17, 2018, 07:46:17 PM
 #592

Bitcoin is the main platform that can be used to invest in ICO projects, and as a means of saving for the future. Bitcoin also has a high rating compared to Gold therefore many people are doing verified to use it as an investment tool. Cool
mylyn2327
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January 20, 2018, 10:58:16 AM
 #593

Major use of bitcoin right now is its use for purchase of other currencies and trade on all exchanges. Because of this demand is high and it's price is rising more and more as more people are entering in crypt and they have to buy bitcoin first to trade against other coins. 
That is right, bitcoin now is partly needed if you want to trade against other coins. And as we can see now, how it's value getting higher and how it attract many people to adopt and entering crypt day by day. That is why it is a major use of bitcoin now. Bitcoin can also use now on shopping onlines and most online transaction. And especially bitcoin is a perfect investment with a clearer future.
Seaze007
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January 20, 2018, 11:18:16 AM
 #594

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 used your bitcoin for trading. Also you can used for buying your needs, and paying bills.And someday their are some establishment will receive bitcoin.
armarsterling7
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January 20, 2018, 11:28:03 AM
 #595

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 just know some of the issues you mentioned above. But I think bitcoin needs time so that the world accepts them.
As may be forthcoming, bitcoin will be applied to the payment of electronic applications on the app. But it takes a long time.
People will expect bitcoin to be more usable in everyday life, but it is very unlikely that bank and other currencies will be widely accepted and bitcoin needs to be technologically advanced. move on to be able to do it.

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tachi641
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January 20, 2018, 11:39:16 AM
 #596

Bitcoin is well known for having the faster transaction and the good thing is no fees every time we made. You can also earn in bitcoin by investing and get a high profit.
arteezyy
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January 20, 2018, 12:09:37 PM
 #597

In my opinion, the most common use of bitcoin is for investment purposes. We know that bitcoin is decentralized. No one can control its value. Its value is continuously fluctuating but if we look at the demand curve of bitcoin, we can see that it is normal and at the end of the day, the value of bitcoin rose tremendously from last year to this year.

ANGEL_VOISE
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January 20, 2018, 12:38:11 PM
 #598

I think the most common use of the bitcoin, used for transactions or used for investment.
beambee18
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January 20, 2018, 01:18:39 PM
 #599

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.


here in our country bitcoin has a lot of uses, we can transact bills payment such as light, water bills etc,  using bitcoin, we can also buy load for phone. there are also some goverment branches accept bitcoin as payment.
tekusa
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January 20, 2018, 01:42:10 PM
 #600

People are already paying with Bitcoins for a lot of services especially in IM field.
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