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Author Topic: Best use for Bitcoin  (Read 520 times)
Itty Bitty (OP)
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December 29, 2018, 09:09:41 PM
 #1

I would feel naked without some.


Or nude, if you prefer.


Every time I think of selling, the thought of being without any (and thus holding only fiat), makes me sweat and shiver.


Bitcoin....the internet's calming, soothing antiperspirant.
RussaX
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December 29, 2018, 09:40:05 PM
 #2

When I started to use bitcoin it was pure because it was decentralized, transparent, quick, no high fees, no signatures, no possibility of chargebacks etc. At that time price was around 5-$20 and unfortunately I was too ignorant to realize it's potential.

As of right now main use of Bitcoin would be as investiment or trading. Higher transaction fees with limited transactions per block limits it's use as a daily payment method.
Rob768
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December 29, 2018, 10:48:16 PM
 #3

Yeh, I have a similar feeling. When I type Sell buttom, I feel really nervous. I know that in the next year it would be much more and now I'm selling it. It's better to hold without any movements.
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December 29, 2018, 10:50:43 PM
 #4

Good question, I wonder what it would take to make bitcoin more suitable for day to day use. I think the price needs to stabilize and there need a number of breakthroughs in second layer solutions. Right now I'm pretty sure the main use is as a store of value and it's mostly used on exchanges where it's traded by bots. Kinda sucks knowing that a peer to peer currency is primarily used for trading on centralized exchanges... like... what??
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December 29, 2018, 11:14:45 PM
 #5

for me bitcoin is my personal offshore trust fund.

i didnt need to hire solicitors or accountants to set it up, i didnt need to sign contracts or declarations. i just bought some bitcoin.

many people who would love to have a trust but think all the legal stuff of fiat trusts is a turn off are starting to see how just buying bitcoin is the easiest way to create their own personal family trust and store funds away securely out of jurisdictional/taxable/financial rules

bitcoin is also my easy way to play markets. much easier than playing the penny stocks/forex. much more fun and dramatic too.

bitcoin is also my electronic cash where i use my profits to buy food, pay bills without getting bank statements or card statements in the mail.

its also better at privacy and security. i know people who shop using fiat and they get bombarded with jumkmail from the mailman with leaflets from businesses they frequent using their debit cards. meanwhile my mailbox happily just gets personal correspondance

using bitcoin i have never had to worry about things like bank robberies, visa hacks, paypal, amazon hacks. never needed to worry about card cloning, id theft. or other fiat concerns

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
davis196
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December 30, 2018, 06:38:20 AM
 #6

I would feel naked without some.


Or nude, if you prefer.


Every time I think of selling, the thought of being without any (and thus holding only fiat), makes me sweat and shiver.


Bitcoin....the internet's calming, soothing antiperspirant.

You feel naked because of the constant feeling that you are going to miss profits. Grin
The same feeling started growing on me during the last 2 years.Before that,I didn't care that much about having or not having bitcoins.I know that this though/feeling/hope saves me from depression.

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December 30, 2018, 07:14:49 AM
 #7

I cannot resist the urge to ask merchants if they accept Bitcoin payment and I always send a email to customer support, when I visit online ecommerce sites, to ask if they plan on accepting Bitcoin in the future.

I think when you used Bitcoin to pay for something and you see the potential to take this mainstream, then you cannot stop the urge to spread merchant adoption. <It is a safer method and a lot more convenient>  Grin

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jerrison
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December 30, 2018, 07:18:15 AM
 #8

the best use for bitcoin i believe is for financial transaction online via websites that approve of its usage and also for trading in exchangers. the option of trading in exchangers actually brings in more money than the using it as a medium of payment online but the risk is higher on trading as the altcoin being traded might depreciate in value even in the process of trading

mariah.sadio
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December 30, 2018, 07:19:53 AM
 #9

There are a lot of things where bitcoin can be used. I cannot decide the best usage of it since it really has a lot of usage specially in my everyday life. I use it for topping up my phone when it is necessary. I also pay my bills using it. I learned to trade because of it and I also earned profits from it.

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eagle10
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December 30, 2018, 07:27:23 AM
 #10

I use bitcoin mainly as an investment vehicle. If I do not have bitcoin I feel so weak why I cannot hold some. I am keeping it because I know one day when the bull starts to move and the market recovers I may have the biggest gain among other investors too. But for now, just wait and let's see the time when it moves and makes people happy.
capcaypro
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December 30, 2018, 09:14:40 AM
 #11

I use bitcoin mainly as an investment vehicle. If I do not have bitcoin I feel so weak why I cannot hold some. I am keeping it because I know one day when the bull starts to move and the market recovers I may have the biggest gain among other investors too. But for now, just wait and let's see the time when it moves and makes people happy.
it's true that bitcoin friends are really the future coins because investing in bitcoin will be brighter than others. I'm also sure bitcoin will be used throughout the world after the next few years.

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December 30, 2018, 10:02:10 AM
Last edit: December 30, 2018, 10:27:58 AM by cissrawk
 #12

I use bitcoin accepting payment for my freelancer. I use it for gambling too, and buying some digital goods such as steam wallet or other. Since i got hacked in the past, i never store my bitcoin on wallet again for long time and always sell it to fiat.

I'm doing steam artwork.Official thread (Indo, but please pm me even if you're english speaker) : https://bitcointalk.org/index.php?topic=5323281
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playboy654
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December 30, 2018, 10:23:12 AM
 #13

I use bitcoin accepting payment for my freelancer. I use it for gambling too, and buying some digital goods such as steam wallet or other. Since i got hacked in the past, i never store my bitcoin on wallet again and always sell it to fiat.


In the beginning stage when I entered into this field I was that we can do much more things with this investment but when comparing this year to the previous year the excitement and expectation will reduce the a lot so we cannot do anything without the development of Bitcoin.

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December 30, 2018, 10:45:52 AM
 #14

Best use to tranfer funds across the globe within fraction of second without involving any third party or any goverment duties taxes

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luispitchler
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December 30, 2018, 10:50:16 AM
 #15

i find it convenient for online transactions.  making payments, betting, etc.
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December 30, 2018, 11:04:50 AM
 #16

There are a lot of things where bitcoin can be used. I cannot decide the best usage of it since it really has a lot of usage specially in my everyday life. I use it for topping up my phone when it is necessary. I also pay my bills using it. I learned to trade because of it and I also earned profits from it.
I agree in your opinion, yes there's lot of usage of bitcoin and even me I cannot decide cause all of them are so very important. Bitcoin help me when I need load in my cellphone , on buying stuffs and also not only investing.I also learned how to trade and which help me to gain profits and knowledge too.

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December 30, 2018, 11:26:58 AM
 #17

Bitcoin is anonymous payment system that is decentralized system without using third parties to make the transactions and for me having bitcoin as a daily use on everyday could change on how payment transactions should be in the future when mass adaptation is available. Being said the use of bitcoin i do believe that the ideology of it serves a great purpose for benefits of everyone for early adapters and investors of bitcoin.

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December 30, 2018, 12:06:14 PM
 #18

I would feel naked without some.

 Grin

Every time I think of selling, the thought of being without any (and thus holding only fiat), makes me sweat and shiver.

You feel this way because you are not trading BTC - USDT, if you were to trade then you would already be accustomed. I buy bitcoins, I earn bitcoins from the signature campaign and I also do trade so that it is possible that in a few years I will have many bitcoins and that is my retirement, this is an investment that will benefit me in the next 10 years

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December 30, 2018, 12:09:46 PM
 #19

When I started to use bitcoin it was pure because it was decentralized, transparent, quick, no high fees, no signatures, no possibility of chargebacks etc. At that time price was around 5-$20 and unfortunately I was too ignorant to realize it's potential.

As of right now main use of Bitcoin would be as investiment or trading. Higher transaction fees with limited transactions per block limits it's use as a daily payment method.


wow that amazing, if you buy a lot of bitcoin in that time, maybe you can make something big right now, but its okay, dont see history, we should look forward  Grin Grin Grin

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December 30, 2018, 12:13:45 PM
 #20

bitcoin is a good and profitable investment, especially now the price of bitcoin is still cheap, so you can also take more profits in the future.
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