At the end of 2017 Bitcoin was at its peak value and it was almost impossible to go anywhere without hearing people talking about it. It was the year when Bitcoin was the main topic everywhere. This sudden rise in popularity made people learn more about this cryptocurrency and look into its potential for usage in everyday life. Today, people use Bitcoin for various purposes, and we’re going to look at some of the most popular in 2019.
Making online purchases
There is a growing number of businesses that provide Bitcoin payment option for their products or services. Depending on the products and services people cherish the anonymity and fast transfer, so they don’t have to wait days until their payment is verified. Furthermore, 1 BTC in England is 1 BTC in Japan, there is no need to take conversion rates into account.
Sending money to friends and family
Imagine having a friend who needs some additional funds but he’s not in the same country as you are, or you are unable to send money regularly through any of the traditional means. With Bitcoin, you can transfer funds in just a few seconds, without any expensive transfer fees which money transfer companies charge you with.
Using bitcoin for gambling
Online gambling is a favorite online activity for people from all over the world. However, not all countries allow their citizens to enjoy their occasional pastime or hobby using regular means of payment, like credit cards. Here is where Bitcoin comes into play with solutions like FortuneJack bitcoin gambling platform, which allows players from all over the world to play casino games by investing Bitcoin.
Using Bitcoin to trade
A lot of people use their Bitcoin in order to make a profit through trade. Bitcoin trade platforms are growing rapidly by the numbers, allowing people to buy or sell Bitcoin for other cryptocurrencies or even fiat currency, depending on the platform and the needs of the trader. It’s only a matter of time when Bitcoin becomes eligible for commodity trade, which will certainly make a significant change in the global market.
Keep it for the future
This one is pretty popular with the miners – people who mine for Bitcoin instead of acquiring it by purchase. We had a chance to see in the past how suddenly and rapidly Bitcoin can increase its value. For this reason, many people tend to hold on to their coins for another time, when the value begins to rise again.