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Author Topic: What are the most common uses of Bitcoin?  (Read 8438 times)
Liternyy
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March 11, 2018, 11:04:12 AM
 #741

As a rule, citizens of Eastern countries and Europeans are interested in acquiring e-currency. For example, in Germany you can absolutely legally purchase real estate, having paid off with the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with a crypto currency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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vinz7229
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March 12, 2018, 01:17:49 PM
 #742

It's very useful for me when buying vpn accounts.

Normally Bitcoin is use for investment, trading, lending, and gambling. Other than that, it is also use for billing process such as credit card, electric bill etc. It is also use to transfer assets across the border, it can also use for online shopping and many more exciting stuff.
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March 12, 2018, 01:24:50 PM
 #743

You can earn bitcoin through speculation. You can use it too by paying bills or processing in credit card. You will use it for emergency or personal needs. You can do anything now in bitcoin.
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March 12, 2018, 04:19:27 PM
 #744

Well for me I use my Bitcoin for the following purposes:
As an online or digital currency - I can shop and purchase anything, like products, food, flights, accomodation, services, etc.
As an asset - I can use it to invest of ICOs; or just HOLD them for greater value for the future.
As a normal currency - I can exchange it to a fiat money so I can use it to buy things offline and will not use internet acces like wet market, small newspaper stand, etc.

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Cloud_miner
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March 12, 2018, 04:48:50 PM
 #745

Currently, bitcoin is the same kind of money as dollars. you can buy the same kinds of goods or services that you can buy using dollars. There is no difference.
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March 12, 2018, 04:59:50 PM
 #746

Bitcoin can be used to get arrangement of goods at online and offline shops too. There are too many stores and companies accepting bitcoin as a mode of payment. It is a form of digital currency. You can transact gone anyone for all that is easy to make a get your hands on of to. The use of bitcoin is the same as the use of fiat currencies. But still people use bitcoin for trading and investment because they receive it will continue to quantity in value.

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March 12, 2018, 05:00:20 PM
 #747

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 common and probably most important use of bitcoin I can see right now is the services across online community and reservations to various hotels. This is beneficial to many people and saves a lot of time and effort for many. Paying bills is also one of the most practical and common use of bitcoin and cryptocurrency. Monthly bills and education debts are easily paid through bitcoin is some countries and it becomes more popular.
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March 12, 2018, 05:27:59 PM
 #748

Today many companies are accepting bitcoin as a payment method, so I would not be surprised if anything can be achieved through it.
Roboabhishek
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March 12, 2018, 05:40:23 PM
 #749

You can use bitcoin for buying something online or you can use bitcoin as an investment just keep holding it and sell it when its price is high.
Topaz72
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March 12, 2018, 08:02:51 PM
 #750

It's very useful for me when buying vpn accounts.

Normally Bitcoin is use for investment, trading, lending, and gambling. Other than that, it is also use for billing process such as credit card, electric bill etc. It is also use to transfer assets across the border, it can also use for online shopping and many more exciting stuff.
Yeah it does have a lot of use, but for me the main use of bitcoin is to generate high and fast money, for me right now it is the best thing to save for the long time because it use to increase very fast and anyone can use it, everyone has different approach to use it, as you said some use it for trading and they earn money from it, some use to invest in bitcoin and save for the long time, but the root cause of using bitcoin is to generate money and it is being done by me through using bitcoin investment.
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March 13, 2018, 02:29:55 AM
 #751

the use of the most common bitcoin is for the sale and purchase of goods online
and can also open jobs for those who have not had jobs or who already have jobs
rerek007
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March 13, 2018, 02:35:06 AM
 #752

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 common use of bitcoin is we can use it for buying paying receiving bills and it is also a great source of extra income
Hotel_Prodeo
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March 13, 2018, 02:45:30 AM
 #753

the use of the most common bitcoin is for the sale and purchase of goods online
and can also open jobs for those who have not had jobs or who already have jobs
Payment with bitcoin proved faster and safer, I had several times online shopping with bitcoin and happy because no need to bother giving proof of payment to customer service so that the process becomes faster.


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March 13, 2018, 02:54:14 AM
 #754

Well as far as I know Bitcoin can be use in remittance when you have loved ones abroad and you want to send money, it can also be use for  online shopping, payment for bills or simply want to get relax and unwind and book a ticket for travel around the world. Also it can be use for any other transaction and for investment and saving for future use these are some of the few things bitcoin use.

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March 13, 2018, 02:55:42 AM
 #755

Bitcoin has many uses but the most common uses of it is investing and also for payment of bills and etc. In today's generation bitcoin generates high value and it gives us money in an easier way. It helps us on our financial needs also it is gaining when were holding it.
Satry
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March 14, 2018, 12:10:06 PM
 #756

You can earn money by speculations)

Aside from we earn here, I think bitcoins are great for exchanging money with strangers you meet over the internet.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.

Odlanyer
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March 14, 2018, 03:26:05 PM
 #757

The common uses of bitcoin are to have an extra knowledge, to earn our own money, investment purposes and trading, to buying and selling .  Bitcoin is transacted through mobile devices with internet connections it helps us build connections to other people who use and transacts with bitcoins, and also we will open jobs for those who have not had jobs or who already have jobs.
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March 15, 2018, 05:09:16 PM
 #758

The most common uses of Bitcoin are you can use it by sending money abroad to your loved ones, relatives and friends in a more convenient way.
You can also use it in making transactions or use this as purchasing power if you will buy primary commodities in the supermarket.
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March 15, 2018, 09:37:07 PM
 #759

The most up-to-date way to use bitcoin is now investment and earnings. That is why people all over the world are eager to buy bitcoin or at least part of it.
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March 15, 2018, 09:53:27 PM
 #760

The main function Bitcoin I think is as a tool of easy and fast transactions to anyone, anytime, and anywhere. Without having to use the hard way, like the old traditional way of doing through the Bank. And again Bitcoin function is as the main benchmark of all coins in this world Cryptocurrency.

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