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Author Topic: Whats your most common uses for cryptocurrencies?  (Read 23068 times)
FlightyPouch
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February 02, 2019, 12:30:02 PM
 #161

the use of crypto for me makes it easy for me to do my day to day activities and lighten my economy that is enough to use crypto for me

I am curious, what is your day to day activities? I never heard of someone using Bitcoin and any other crypto currencies every day. Traders might be using them, trading them once in a while but I don't think it should be used or done every single day. You are not a merchant I suppose since I doubt people will always be using or paying Bitcoin since the price of it is so low these days.

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February 02, 2019, 05:38:23 PM
 #162

i think Bitcoin is a coin i use most. i often shopping online and pay by bitcoin
the possibility can only be done by a country that has formalized the crypto currency as an official currency that can be used to conduct transactions like a fiat currency but in my country crypto currency is still prohibited from making transactions directly
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February 02, 2019, 05:55:12 PM
 #163

I'm using cryptocurrencies mostly as an investment, I have used them to buy some products and services in the past but most of my money is just sitting in cryptocurrencies doing nothing which is exactly what I want, I really do not trust in banks and I do not want to give them the ability to keep all my money just because I choose to open an account with them so I keep most of my money in bitcoin.
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February 02, 2019, 06:03:38 PM
 #164

What do you use cryptocurrencies most often for? If you thought about what cryptocurrency you use the most and what your favorite/most often use case is for it, what would it be? Obviously if it's private and you don't wish to share that's fine, I'm just curious to see what's being used and where people go most often for purchases, maybe pick up some new websites to visit for stuff I haven't found yet, or just share some places with other users who don't know many places to spend at

All in all, it is still about speculation, and that is the lowest common denominator which all cryptocurrencies share. I suspect this use by far outstrips all other uses out there combined. But it is the difference which seems to be of particular interest here. So other than speculation, Bitcoin itself is used as a surrogate store of value (with a possibility of speculating as a nice bonus) and for transferring wealth from point A to point B. Litecoin can be considered a lightweight version of Bitcoin itself with more emphasis on small payments and value transfer vehicle. Dogecoin is for gambling as it is cheap as dirt and fast as wind. Ethereum as well as its derivatives like EOS, Tron, etc, is used for smart contracts as far as I understand it

What other coins are doing I don't know, and it seems like their authors don't know either

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February 03, 2019, 01:51:55 AM
 #165

Buying more alts and hodling. Diversifying in crypto.

Ethereum and Uniswap.
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February 03, 2019, 02:00:05 AM
 #166

Buying more alts and hodling. Diversifying in crypto.

Today you've right... but day by day  crypto is getting more and more functionality... and this is awesome!!!
I think that next two years use of crypto is going to rich beyond our wildest dreams.

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February 03, 2019, 03:03:20 AM
 #167

I sue cryptocurrency bitcoin and altcoin for trading and investing, so far I never use bitcoin or altcoin as transaction payment because still less company at my country have accepted bitcoin as transaction payment.
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February 03, 2019, 05:28:25 AM
 #168

What do you use cryptocurrencies most often for? If you thought about what cryptocurrency you use the most and what your favorite/most often use case is for it, what would it be? Obviously if it's private and you don't wish to share that's fine, I'm just curious to see what's being used and where people go most often for purchases, maybe pick up some new websites to visit for stuff I haven't found yet, or just share some places with other users who don't know many places to spend at.

What would the websites be, or physical places you visit for your purchases? Anybody offer discounts for cryptocurrencies or anything special? Like, what is the drive that gets you to get and use cryptocurrency for a purchase over a credit card. Special things you can only buy with crypto's or special discounts or anything, or just for the ease of transferring funds mostly?


----Edit---- Adding an edit here, thank you everyone thats posting.
***To all those that mentioned they make purchases for various things, would you care to share actual websites you visit? Sharing the names/links. The purpose of my post was to get people discussing about where they transact and to make a recommendation of where they do like to visit so that other users can see new places where they can transact where they've never known they could before. Which, if you look in this thread you can see there are quite a few people posting in just this thread alone  that don't really know anywhere at all that they can go to transact with their cryptocurrency's.  So to all who mentioned what they like to make purchases on, could you make direct recommendations of what those sites are that you like to visit?****

 That was the purpose here, I gave one of my recommendations with Gyft  website.  So all of us to know where we can transact with our cryptocurrency's, let's help out those in this thread and that may read this thread find places where they can actually make purchases and utilize their cryptocurrency.

Due to the current crashed of the cryptocurrency market, I realized that I should stop paying my bills through the use of bitcoin because I experiencing losses. I bought my bitcoins at a high price and I do not want it to use in my daily transactions.


I also used to pay my mobile bills through bitcoin in 2016 and 2017 but now I have stopped doing that. The reason is that I am saving my bitcoins for future as the current value is very low .

the use of crypto for me makes it easy for me to do my day to day activities and lighten my economy that is enough to use crypto for me

I am curious, what is your day to day activities? I never heard of someone using Bitcoin and any other crypto currencies every day. Traders might be using them, trading them once in a while but I don't think it should be used or done every single day. You are not a merchant I suppose since I doubt people will always be using or paying Bitcoin since the price of it is so low these days.


I only use bitcoin for trading. Since I am doing trading for quite sometime, I have made good money and have doubled my coins through the trading.

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February 03, 2019, 05:35:34 AM
 #169

I believe that most of the people here are just using cryptocurrency for trading and speculating that it will go up again and again. I already convinced myself to join the revolution to use bitcoinn to buy digital services to do my part but now it does not really work because of the bearish market.
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February 03, 2019, 07:01:09 AM
 #170

In my case, i use cryptocurrency in paying or buying some stuffs online, like cellphone loads or some game credits, i use it also when trading, like i buy tokens which I thought the price will go up and also to wait for it to rise up. I hope someday we can use cryptocurrency too when buying groceries or anything we like for example in the mall, i hope every store there accepts virtual currency for more faster transactions.
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February 03, 2019, 07:08:57 AM
 #171

To be honest, I don't use too much cryptocurrency besides exchanging it for fiat because it's hard to find a local store that will accept bitcoin or altcoin as payment.
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February 03, 2019, 07:32:33 AM
 #172

I sue cryptocurrency bitcoin and altcoin for trading and investing, so far I never use bitcoin or altcoin as transaction payment because still less company at my country have accepted bitcoin as transaction payment.
I think a lot of people in this world face same problem. Because in their country, include me, government not accept bitcoin as legal payment. So a lot of merchant maybe too afraid to accept it. But in past, when a lot of regulation not happen yet, a lot of merchant online accept bitcoin as payment via Bitpay.

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February 03, 2019, 07:38:53 AM
 #173

I sue cryptocurrency bitcoin and altcoin for trading and investing, so far I never use bitcoin or altcoin as transaction payment because still less company at my country have accepted bitcoin as transaction payment.
I think a lot of people in this world face same problem. Because in their country, include me, government not accept bitcoin as legal payment. So a lot of merchant maybe too afraid to accept it. But in past, when a lot of regulation not happen yet, a lot of merchant online accept bitcoin as payment via Bitpay.
There are now merchant in my community that accept bitcoin as payment. Actually, I using my bitcoin in my daily lives like buying goods and services. Based on my observation, I found out that the fear of the people feel before are now fading and they are now interested to use bitcoins.

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February 05, 2019, 02:50:04 PM
 #174

I'm using cryptocurrencies mostly as an investment, I have used them to buy some products and services in the past but most of my money is just sitting in cryptocurrencies doing nothing which is exactly what I want, I really do not trust in banks and I do not want to give them the ability to keep all my money just because I choose to open an account with them so I keep most of my money in bitcoin.
I agree that bicoin is an investment, because in the long run the increase is very large so the level of profit is also large. Bitcoin can be added to the list of investment portfolios such as stocks, gold or deposits in banks.

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February 08, 2019, 04:27:36 AM
 #175

What do you use cryptocurrencies most often for? If you thought about what cryptocurrency you use the most and what your favorite/most often use case is for it, what would it be? Obviously if it's private and you don't wish to share that's fine, I'm just curious to see what's being used and where people go most often for purchases, maybe pick up some new websites to visit for stuff I haven't found yet, or just share some places with other users who don't know many places to spend at.

What would the websites be, or physical places you visit for your purchases? Anybody offer discounts for cryptocurrencies or anything special? Like, what is the drive that gets you to get and use cryptocurrency for a purchase over a credit card. Special things you can only buy with crypto's or special discounts or anything, or just for the ease of transferring funds mostly?


----Edit---- Adding an edit here, thank you everyone thats posting.
***To all those that mentioned they make purchases for various things, would you care to share actual websites you visit? Sharing the names/links. The purpose of my post was to get people discussing about where they transact and to make a recommendation of where they do like to visit so that other users can see new places where they can transact where they've never known they could before. Which, if you look in this thread you can see there are quite a few people posting in just this thread alone  that don't really know anywhere at all that they can go to transact with their cryptocurrency's.  So to all who mentioned what they like to make purchases on, could you make direct recommendations of what those sites are that you like to visit?****

 That was the purpose here, I gave one of my recommendations with Gyft  website.  So all of us to know where we can transact with our cryptocurrency's, let's help out those in this thread and that may read this thread find places where they can actually make purchases and utilize their cryptocurrency.


True that many peoples using cryptocurrency for private reason, and the other peoples using it for other reason.
For example you can using cryptocurrency to invest a legit project but the location of the company is far from your place.
With cryptocurrency, everyone can using it without regarding where they are.

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February 08, 2019, 04:34:00 AM
 #176

I commonly used to pay for my VPN membership and for online storage, i do small amount of trading and convert it to fiat to pay my bills and a bit of donations here and there.
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February 08, 2019, 05:02:03 AM
 #177

I was actually going to buy PC games on steam when I already made a lot of profits on bitcoin but then I was too late to do it when they remove that option. It's the only thing I think I know that will make me use crypto for online purchases because I am gamer.
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February 08, 2019, 06:59:50 AM
 #178

I commonly used to pay for my VPN membership and for online storage, i do small amount of trading and convert it to fiat to pay my bills and a bit of donations here and there.
well, so far I'm used to exchanging bitcoins with fiat. I feel that bitcoin is one of the tools for profit, and some people also do it. maybe I have also used bitcoin for other things, like buying the web, domain, and also a number of other things related to business.
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February 08, 2019, 08:42:11 AM
 #179

Well i believe that the most common used of bitcoin is for investing in crypto, because with the used of bitcoin we can buy a different kinds of coin to hold and earn when the price of the coin goes up. I believe that bitcoin is also ised to fulfill our daily needs because it can be change yo fiat and we can used it anytime.

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February 08, 2019, 12:49:32 PM
 #180

Well i believe that the most common used of bitcoin is for investing in crypto
It became the most common now but before it wasn't.

The main reason and use for bitcoin to be exact was being a payment method. People just learned on how quick its price changes so there's an opportunity for us to take with it which led us to treat it as an investment.



.
.BIG WINNER!.
[15.00000000 BTC]


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