The question is simple; Why should people invest in bitcoin?
State your reasons, and advantages of investing in bitcoins today.
I know there are a lot of newcomers that are coming into the bitcoin community every day.
I want us to discuss it here, so that we may help them understand what is bitcoin and how important its to invest in bitcoin.
Share your ideas, and thoughts below.
People should invest in bitcoin because they can earn a lot from it. The people that are going to invest on it will be rich and successful someday because the price of bitcoin is still increasing so they can earn more money. They should invest here bitcoin on bitcoin it's easy to invest on it. Others believe also that bitcoin rising is magically because there's a day that the price of it will be go higher. |
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The point is to keep a bitcoin separately for donation to the poor. Donating a bitcoin directly will make sense if the receiver is aware of the functioning of bitcoin and Cryptocurrency. A poor and / or needy man can be sometimes an educated man or a knowledgeable man who is struggling to meet his ends. Bitcoin can otherwise be encashed and given to the poor.
It is always better to think big. I would rather create a trust or try to invest in healthcare or education of a poor child. All quick helps will not last long. Educating one child by spending a $25000 or more will reap great benefits to the society in comparison with feeding a whole lot of people once with the same money. Though it is not bad to feed but it is better to invest in a system that more than once continually feeds.
Yes I will donate Bitcoin to the poor and needy the way I feel is best useful for them. One percentage of the income can always be set aside for donation. After all, life is short and it is best to help as much as we can.
For me if I have so many bitcoin and I don't have any problem on our financial I think I will donate bitcoin for the poor and needy. Just like my friend did he donate some of his money to a foundation and sometimes he gave food to the person that begging for help. That is a good idea I think it can help others. |
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I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution.  Bitcoin saving is safe if you just protect it from others, yes there's a chance that you are being hacked by others but who are here letting it happened? If you trust bitcoin you can't say that bitcoin saving is not safe I think you are a negative thinker person because you always look on negative side. |
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what are the benefits you get in bitcoin? And how those it affect your daily living?
There are so many benefits of bitcoin just like we can earn more money on a short period of time. Others said that the benefits they earn is that they know people from all over the world because of the transaction. We all know that we can earn more money here we can supply our own needs so for me that is the best benefits of bitcoin. |
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Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
I think people want bitcoin because they can be rich and successful by it. As of now they all like it because this is so popular and the price of it are still rising. Just like what they said Bitcoin is the king of the cryptocurrency and we can turn it into our real money. The price of bitcoin now is so high it makes it more attractive so people want it. |
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Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job?
No for me bitcoin don't need to be taxed because government don't have the power to control it. There are so many users here that are working on it because bitcoin don't have tax. Others said that bitcoin needed to be tax because they want fair but I'm absolutely disagree to their opinion. |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  For me the biggest disadvantages of bitcoin is that it is not legalized on some country. Other say that there's a possibility that someday bitcoin will be gone and you can't get the money that you hold on your account. Other store did not accept bitcoin as payment so for me that is also the disadvantage of it |
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*Newbie Here!* Because of fluctuations in the value of bitcoin, is 2018 going to be the biggest downfall of bitcoin? What do you think?
I think no because as of now the price of it are still increasing because there are so many people that are want to have some of it. They want to have it because they all know that bitcoin can help them to be rich and successful just like on our experts here they become rich and successful. |
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I know a lot of people have different reason why the love and embrace bitcoin.
For me the decentralized nature of bitcoin and the thought of being able to send coins to anybody in any part of the word, no third party, no regulation(specific amount), no bullshit is mind blowing.
I love or embrace bitcoin is just like what you said because the thought of being able to send coins to anybody in any part of the world. I impress the most about bitcoin is that they can give money without any hesitation on bitcoin you can get your salary without tax unlike on the other job and here there's no age limit even if you are a student you can earn money. |
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As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading
Yes there are so many people now that are interest in bitcoin increasing because they all know that they can help by it. There are a lot of signature campaign looking for workers just like on my bounty it is good and the price of it are still increasing because of the people that are interest on it. |
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Bitcoin price keeps increasing. Price is x10 considering last year. Even 25k-50k-100k is predicted.
Are you adding more bitcoin by buying with cash? or you trade or invest in ICOs & altcoins in order to increase the amount you have?
or do you just hold what you have?
Yes of course I will keep buying because just like what you said the price of it are still increasing so why we stop buying it. There are so many users here that buy some bitcoin and sell it on a higher price but for me I will buy then I will hold it for a long time and wait to the price of it will be higher than I expect. |
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After there is a BCC can the bitcoin survive or bitcoin will be much more up the price after this
What do you think about this?
For me bitcoin can survive for lifetime. No one can let someone to destroy it or hacked it because many people now are all depending on bitcoin there are so many teenager are using this because bitcoin can support your life and your family. There's a news that someday bitcoin will be ban but I can't think that it will happen but for me there's a possibility that on the future bitcoin can be replace our banks. |
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I’m newbie here... What’s the best way to earn Bitcoin? I need assistance please. Thank you.
I think the best way to earn here in bitcoin is that in the forum or joining a signature campaign because as a beginner they all use forum because you can earn while learning because on forum you only need to post or reply to a quote and you can wait a month then you can have a stakes and can transfer it to a real money. |
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How do you convince the people to invest in Bitcoin? When most of the people around doesn't believe on Bitcoin because for them Bitcoin is just computer thing...
I can convince people to invest in bitcoin by telling them that they can earn to it. Some of the people are hard to convince because they all think that bitcoin is a scam because they didn't know the process but if we told them all the information that they need to know I think they can get convince and work on it. |
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Hey everyone
I was mining just for fun when in 2013/14 mining with a gpu was still viable. Since that day im wondering if it is too late to get involved in bitcoin even though I stopped thinking about it for a few years since I was about 15 years old with different things on my mind. Just recently I began wondering again: Is it too late to get involved in bitcoin? After the price blew up in 2014 I asked me the same thing and thought the hype is over and I am just too late. Even if bitcoin is a bubble and each bitcoin is overvalued who can safely tell when the bubble is going to pop if it ever will? I just think this is an awesome project with an equally awesome community despite the weird things in the altcoin section that tend to become more and more popular due to "weird" people picking up on the bitcoin hype caused by media and the increased internet awareness. Im talking about projects like "bigboobscoin" which is topped by some emojis in the title. Since I came along this project I want to own one of the 21M bitcoins to ever be created. In addition bitcoin has something magical to it which I cant put in words but the fact that satoshi never got identified gives me this feeling of a revolution of currency with the right intension. He never pulled out his round about 1 million btc. Well who knows maybe Satoshi is dead by now and his btc will never be touched. Bitcoin came out of the mind of a genious and is so much more worth than only "going to the moon".
Im just wondering if bitcoin and its community still got the same spirit or have the weird people and rich investors overtaken to ruin this project by treating it like a pump and dump shitcoin without a soul?
I hope my english is good enough to make you understand my thoughts and feelings.
Have a nice day.
No it's not too late to get involved into bitcoin I'm also a beginner here and I can earn even if I'm a newbie because on bitcoin there is no late you can work on it anytime. Bitcoin now are still rising so I can suggest to you to join a signature campaign now so that you can earn more money. |
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"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
My greatest fear as a bitcoin holder is that when the price of bitcoin will be goes down and not going to rise again because how can I earn more money if the price of it are low. When I will not able to cash out my bitcoin is also my greatest fear because I can get nothing on my work. |
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For me the best bitcoin wallets that I may use is that an online wallet because for me it's more comfortable if we use this because it is secure and safe. Trezor or Ledger is using by many of the user here so I can say that this wallet is more safer that I think they all said that they are using this. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
I think cash is better than bitcoin because cash is accepted in all store. Bitcoin is not acceptable in all store because some country are ban it because they think that bitcoin is a gambling. They said that bitcoin is better than cash because there is no tax here and it is easy on transaction, yes some store accepting bitcoin because they want to have a single one of it but not all store so for me cash is better than bitcoin. |
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For me there's a possibility that bitcoin can make banks disappear because everyone loves it or like it. Other country ban bitcoin because they're scared that bitcoin can make bank disappear because they also think that there's a possibility that bitcoin can make banks disappear. For me I don't want that bank disappear but also I don't want that bitcoin disappear. |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
I think some government ban bitcoin because they think that this is a gambling site. Some said that because it is a tax free and there's a possibility that bitcoin can make banks disappear. Government needs to get tax on people but here in bitcoin you don't need to pay tax so some countries did not let bitcoin to be legalized on their country. |
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