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Quote from: rachana031 on November 04, 2016, 08:58:59 AM

Bitcoin is much profitable than paypal

and i think that bitcoin has a possibility to be the worlwide currency

I can agree with this because I live in a country where there are serious restrictions for paypal and we cant even use paypal to send funds to another paypal user (unless credit card is linked with the account). If someone is sending $10 then we receive $8.80 or something due to some regulations and thats really awful. Whereas bitcoin works for us like it works for anyone from any corner of the world. Its profitable for me.

of course it is, tell me when paypal is profitable then I will shift.

Paypal and bitcoin is different when it comes to investment because paypal is never an investment, they can be both a payment processor online but obviously bitcoin has more usage compared to paypal. It should not be your comparison to say that can paypal be profitable as bitcoin?

I agree with you . bitcoin system and paypal are very different. bitcoin for me is the best choice. paypal only used as a means of payment. while bitcoin is a payment and also as a place to invest.

You made me smile. Really cool. The simplest way to compare it but really effective specially to those who are still into Paypal. Here in bitcoin there is a better room where you could do something. Invest or trade or play with the fluctuation or maybe earn some loaning to someone.

Well, when I said paypal is profitable for me I compared it with the bitcoin payment system. As I said, we have restrictions for using paypal and it makes us very difficult to deal with it but since there are no restrictions for using bitcoin, we dont have to mess up with extra charges or fees so naturally it gives more returns whereas paypal charges some amount depending on transaction which is usually larger than bitcoin transaction fees.

but for you can decrease your fee just send it via friends or family.. if you are using paypal. for now i think if you choose to pay fee with high priority in bitcoin because of price increase 30 cents to 40 cents your payment when i send 0.005 - 0.008 btc in other wallet.. i can reduce it but the speed of transaction can decrease.. i think paypal and bitcoin right now are the same high fee.. unlike before that bitcoin are giving low fee..

To be honest, for me time doesnt matter because it is not my main business and I am still a student so I can bear little bit late payment for my side business but I cannot bear less payment on the cost of quicker transfer. Alternatively I cant even use received funds in paypal (because it is automatically withdrawn in default bank account) which usually takes minimum 3 days to appear in my bank account where as bitcoin is fast and I can use it right away when I receive it.