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Author Topic: Whats your most common uses for cryptocurrencies?  (Read 23059 times)
Ararbermas
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January 26, 2019, 05:44:13 PM
Last edit: January 27, 2019, 04:11:19 AM by Ararbermas
 #121

actually the common uses of crypto currency for me as of now is to trade or invest since its still very promising despite of the circumstance of the market which i'm still able to make a profits on it . And sometimes i used it always as well as a payment method especially buying load and more stuff through online . Crypto currency is a big help for me indeed. Reason i preferred to use it than other online payment method.  
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January 26, 2019, 06:03:11 PM
 #122

verbally use of cryptocurrency due to and the anonymity of its reliability and ease of use
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January 26, 2019, 06:39:40 PM
 #123

I just used cryptocurrency for investment purpose and sometimes as a payment getways. 
actually the common used of crypto currency as of now is to trade or invest since its still very promising despite of the circumstance of the market . However it can be used as well as a payment method which is reason why more ppl preferred to use it wherein just to reduced fees and etc.








I use Bitcoin will most of my basic needs because I used because I like a job it can be the only way that I using to make money from a long period of time so for all my needs highest Bitcoin only and it will also be the profitable way for many making for mine.

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January 26, 2019, 07:06:18 PM
 #124

I use bitcoin mostly for gambling and for trading needs. Apart from the same I cash out bitcoin for all my needs as in my country there is not much stores accepting cryptocurrencies. I've been into this community years back, and I've used it on large scale purchase of construction components. For the same I explored and found a retailer who accept bitcoin.


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January 26, 2019, 08:29:44 PM
 #125

Since when i visit this post i saw your edit(The edit of the person who opened the post), i'll post here some links to the sites i believe and encountered are most useful.

I personally use it mostly as an investment asset but i have done some transactions with it and plan on using it more often for everyday transactions in the future.

This site is related to gaming, they accept other currencies too - Not only Bitcoin:
https://www.instant-gaming.com/en/top50/

This one is about gift cards to send someone in a holiday or something like that:
https://www.gyft.com/buy-gift-cards/?all=1

And this is a wonderful shop, what makes it even better is that you can pick whatever you want to buy from amazon, which is awesome:
https://purse.io/shop

And if someone here have some kind of store, they might be interested about this. The site could be interesting for everyone, but this can make accepting Bitcoins as payment really easy. Something store owners need to see.
https://bitpay.com/retail

None of those are referral links, just trying to help.
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January 26, 2019, 08:30:34 PM
 #126

Due to the fact that bitcoin has fallen so low in price, I do not have the opportunity to spend it yet. The fact is that I bought it for$ 7000 and it is absolutely not profitable for me to spend it at the price that we see today. So I'll wait for the best moment.

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January 27, 2019, 01:56:03 AM
 #127

Due to the fact that bitcoin has fallen so low in price, I do not have the opportunity to spend it yet. The fact is that I bought it for$ 7000 and it is absolutely not profitable for me to spend it at the price that we see today. So I'll wait for the best moment.
I think we really need to wait the price of crypto is now still on dip that is why selling your asset today is a loss. I believe that the most common used of crypto is for investment many people invest on it and wait until the right time to sell take place. So i think there are so many investors that is now holding due to the bad market condition.
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January 27, 2019, 02:10:08 AM
 #128

The government in my country stays neutral about cryptocurrency hence its operations are smooth here. Aside trading and earning more from my cryptocurrency holdings, BTC, ETH, LTC, and BCH can be used as a form of money transfer, buy airtime for mobile phones, and pay bills such as electricity, water and television. It is very convenient and easy when i use crypto for such services.
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January 27, 2019, 03:00:05 AM
 #129

Due to the fact that bitcoin has fallen so low in price, I do not have the opportunity to spend it yet. The fact is that I bought it for$ 7000 and it is absolutely not profitable for me to spend it at the price that we see today. So I'll wait for the best moment.
well, for me, for now I just feel that bitcoin is the fastest transaction tool on the internet, and also as an investment tool for some people. well, but lately, I have seen it as an investment tool, because the potential for price increases is very large, and may reach $ 4000 in the near future.
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January 27, 2019, 03:07:07 AM
 #130

the most common for me to use crypto for investment, because krypto can also help generate profits anytime even for a long time, so krypto can also help our daily lives.
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January 27, 2019, 03:12:47 AM
 #131

I have know about cryptocurrecy at last 2015 year and many thing have I faced with bitcoin and altcoin, some time I have early for selling my asset and got little profit, but some time I early to buy because price have drop, but I will take experience with bitcoin and altcoin.

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January 27, 2019, 04:39:42 AM
 #132

For now, I just invest in cryptocurrencies which have the most potential of becoming the next bitcoin. But I use to use cryptocurrencies for most of my online endeavors and transactions. Most of my services I do online or I provide online are paid with cryptocurrency. This helps and provide a peer to peer system where I relate directly with the person I 'm providing or who is giving me service which is much easier and faster.  

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January 27, 2019, 05:00:35 AM
 #133

I don't how weird this may seem but my most used cryptocurrency is Ethereum and my major use for it has been gambling, I'm not a gambling addict and I could have my Ethereum for several months or most times even convert my fiats into ETH not and decide not use them, but more often than I used it gamble on decentralized betting platform, and convert into BTC when I'm to gamble on BTC-only accepted platforms.


What would the websites be, or physical places you visit for your purchases?

About 90% of the times when I needed to convert fiat to ETH or BTC has been online, via Luno or Paxful (a peer to peer market place with variety of payment options) respectively, In my country there are not so many physical places where you can trade cash for cryptocurrencies.
I agreed with you with using cryptocurrency as a digital currency for trading purposes I use ethereum for trading binary options I am quite satisfied and fulfilled while avoiding the cumbersome processes of using skrill, PayPal etc.
I also used a decentralized broker where the issue of price manipulation by scamming brokers is a thing of the past while I don't have issues with withdrawal of my crypto funds as well as exchanging it to fiat.

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January 27, 2019, 05:32:20 AM
 #134

Due to the fact that bitcoin has fallen so low in price, I do not have the opportunity to spend it yet. The fact is that I bought it for$ 7000 and it is absolutely not profitable for me to spend it at the price that we see today. So I'll wait for the best moment.
I think we really need to wait the price of crypto is now still on dip that is why selling your asset today is a loss. I believe that the most common used of crypto is for investment many people invest on it and wait until the right time to sell take place. So i think there are so many investors that is now holding due to the bad market condition.
The first thing that will come out with newcomers minds is being an investment platform, they look for this as an assets that can bring them huge profits, not knowing the entire system and not taking time to research they will just come in hoping to have a good returned, things is not always in investors favors so better to attract newbies with good explanations so they will not fear after seeing sway with the value.
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January 27, 2019, 05:42:27 AM
 #135

I use cryptocurrency only for short-term trading and long-term investment. I have never seen any stores on the Internet that would accept carptocurrency as a payment method. I hope this will change in the near future!
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January 27, 2019, 05:50:16 AM
 #136

I travel a lot and I use crypto to withdraw cash abroad with a better exchange rate than banks

I also use sites like Purse.io, to buy using cryptos and even getting discounts for cheaper products I would normally buy with FIAT

I also use Webmoney, a paypal from russia that supports bitcoin

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January 28, 2019, 07:01:13 AM
 #137

Apart from using cryptocurrencies for the purpose of trading, investing and saving, I personally feel it can be used for other huge number of uses as well, many of which might surprise you a little but let’s have a look:
•   Digital Publishing
•   De-corrupting charities
•   Travel sector
•   Education
•   Fund-raising
•   Augmented Reality
•   Ethical business practices
•   Wealth Management
•   Retail industry
•   Gaming industry
In future, it won’t be wrong if I say that every industry would be run by the blockchain technology alone. Having said that, there will be a dire need for cryptocurrency exchange development so that everything can be streamlined and that the businesses generate huge revenue out of their crypto businesses.
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January 28, 2019, 08:00:38 AM
 #138

for me, I use bitcoin or other cryptocurrency just for investment or trading. For investment, I usually buy BTC and will hold it for 5-10 years, but this way is very risky because the price of bitcoin tends to be unstable.
All investmnts can be risky due to the prices being unstable so this is not just for bitcoin investment. But this is still the most common use of bitcoin and other cryptocurrencies. But there are also many people who use them for transactions such as to pay for things, so there is some use as acual currencies and not just for investment or trading.

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January 28, 2019, 12:25:51 PM
 #139

I would prefer to use cryptocurrencies as much as possible, if I Have the chance. It's somewhat an action to support crypto and believe that one day it would replace fiat in the future. For purchases, like online shopping, we have a company here in the country that allows users to have crypto wallets and it is accepted in some online shopping platform. So I get to use some of my cryptos to buy stuff from there.

I don't think there would be discounts on common sites that is initially not crypto accepting shop. I have purchased a bag using crypto; ever since it was low price, I value that bag now. I bought it around 1200+ BTC back then. So it's worth more now than it should be, but I don't regret it.

I agree. The problem with the current way people use it now is that it's mostly a held asset that people bury in their wallets always waiting for it to gain some value before they return it out back to the market. That strategy really strains the transaction rates and movements of many coins, especially the better ones that affects its value in the end. I mean, it should be noted that a market like this is alive when it's active. If most assets are dormant and sleeping without movement, then it won't help the market have the needed activity to have changes, which would transcend or correlate to value increases.
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January 28, 2019, 01:35:50 PM
 #140

for me, I use bitcoin or other cryptocurrency just for investment or trading. For investment, I usually buy BTC and will hold it for 5-10 years, but this way is very risky because the price of bitcoin tends to be unstable.
All investmnts can be risky due to the prices being unstable so this is not just for bitcoin investment. But this is still the most common use of bitcoin and other cryptocurrencies. But there are also many people who use them for transactions such as to pay for things, so there is some use as acual currencies and not just for investment or trading.

Well i doubt there are more use aside from these reasons. For now that is. Yeah there are actual transactional use for bitcoin and crypto for now but it's not that widespread basically because of it being extremely volatile. That's just how simply i see it.

 
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