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    Author Topic: The applications of Bitcoin  (Read 991 times)

    • dollarneed
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    February 22, 2016, 08:57:33 AM
     #21
    Quote from: tommorisonwebdesign on February 21, 2016, 02:44:40 AM

    What do you use the currency for?

    i personally using bitcoin as payment processor for online transaction, i think bitcoin is the simplest for paying things online and also the simplest payment processor ever since you don't even upload your identity for create a wallet, sometimes i do trading to, exchanging bitcoin to the fiat or vice versa on bitcoin exchanger, as for me bitcoin is multifunction for transaction and investment.

  • btcltccoins
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    February 22, 2016, 09:02:53 AM
     #22
    Quote from: tommorisonwebdesign on February 21, 2016, 02:44:40 AM
    As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus  in Hong Kong, 2016 may very well be the year of Bitcoin.

    What do you use the currency for?

    Just a little point here.."you buy when the price is high and sell when the price is low", I think it should be the other way round.

    Buy when price is less and Sell on a higher price.
    The Usage of bit coins in mostly online. Most of the sites are accepting it.

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    February 22, 2016, 09:31:31 AM
     #23
    I use it when I buy load and I can get a 5% rebate from the site which I bought the load and 5% also from the network of my sim. I have a 10% discount everytime I buy a load. Cheesy I can also earn up to 20% of my utility bills as rebate when I pay them using their site.
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  • avatar_kiyoshi
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    February 22, 2016, 11:02:04 AM
     #24
    I used bitcoin for investment and an alternative payment.

    Quote from: btcltccoins on February 22, 2016, 09:02:53 AM
    Quote from: tommorisonwebdesign on February 21, 2016, 02:44:40 AM
    As most people on this forum know, Bitcoin, and the technology it runs on, Blockchain, is capable of doing a lot of things. To the layman, Bitcoin is like shares; you buy when the price is high and sell when the price is low. BBitcoin can be used to verify identities, send money across the world, securely store money in a place cheaper than a bank and the list goes on. As we see consensus  in Hong Kong, 2016 may very well be the year of Bitcoin.

    What do you use the currency for?

    Just a little point here.."you buy when the price is high and sell when the price is low", I think it should be the other way round.

    Buy when price is less and Sell on a higher price.
    The Usage of bit coins in mostly online. Most of the sites are accepting it.


    This is correct.
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