So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
So far, I like paying with Bitcoins because there is no tax involved. Unlike when I pay with fiat or with credit cards, not only is there a huge tax integrated in the purchase but also the transaction has to pass through the banks and some other agencies of the government. They know practically everything. And when I pay with credit cards, I still have to pay it again when the bill comes, double effort. With Bitcoin, no tax and then anonymous and then one time transaction. Correct me if i'm wrong but i know that when you are about to buy a goods or items in the market then the products already have tax involved because it is automatic for the sellers or items so they can just automatically computer and add all the things up and don't compute for the tax anymore. |
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Because hodling bitcoin is also believing that you can have a better value of it in the future. And since bitocin's market price is volatile, you can be sure that you can double your ROI if you have the heart to hold it for your dear life.
If you will hold bitcoin for a long time then you can have an assurance that you will make 100% return for your investment and that is already proven and tested by a lot of people where they bought their bitcoin at the price of 4,000 USD and now they already reached more than 100% return for their investment which is great. |
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if it is going to happen I will be very damaged, because the bitcoin I saved all this time will disappear, but I think it will not happen because in the future bitcoin will be very helpful in terms of trade.
Bitcoin will not be going to get banned in the market because bitcoin is a good currency and a lot of people know that, maybe bitcoin is not yet legalized but soon it will. Banning bitcoin is just for countries who are very strict and they don't want to have a decentralized kind of thing that they can't take a full control of it. |
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You should buy both because you will have a stable and safe investment because gold is not that volatile to change its price frequently and you can sleep comfortably with that investment while bitcoin is a great investment too because you can earn fast because it is volatile and it seems that its price is just keep moving up.
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
explain like a gold first in my opinion, if u already do that and they understand, then you can explain to them bitcoin is a digital currency and also can use it for investment. It is an effective way to compare bitcoin like a second version of the gold and that is what i am explaining to the people who cannot understand why bitcoin is great opportunity. I always tell them that bitcoin is like gold that over the years, it will increase on its price and that is the time where i will make a lot of money because of the process of holding it. |
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yeah the best investment field today is bitcoin. Now prices are very stable and good to buy and there are a large number of people who will raise their prices too faster in the future
Bitcoin is a really great type of investment right now because its price is continuously moving up and if you invest right now and just keep it for another few years then it will give you huge profits. Bitcoin is already made a lot of people rich and that is because they invested in bitcoin and have a lot of patience to wait for the price to go up. |
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Usually just to trade some coins here and there. But not really spending it or converting it to cash to be honest.
That is great way for you to make more money because if you will not spend your money from bitcoin then you can just use it to make more money by using it as a capital to trade some altcoins in the market. I also doing the same thing like you and it is giving me good returns because as you can see that bitcoin already touches a higher price and if i will just continue to make more bitcoin by altcoin trading then i will make more profit overall. |
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BTC for me is an asset for the future. Because the existence of BTC is very help me to meet the needs of life. I hope that BTC will last long in the long run.
Bitcoin could easily last for a long run because the demand of bitcoin is high enough to sustain the market and it can just continue to go up in the future. Bitcoin is a great opportunity and as the popularity of bitcoin is growing then it will be easier for bitcoin to last for a long time. Bitcoin will help you to meet the needs of life if you will just work hard. |
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On the contrary, Due to the constant fluctuations that bitcoin presents, the risk factor has always been present since its price level is dictated only by market speculations,
Bitcoin has only one direction now, supported by great hype. Honestly, I am not sure it can reach $10000 before 2018, but I will be happy when that happen. That is sure as of now, the price of bitcoin is just climbing and climbing and i think that after the 2nd week of the december then the price of bitcoin will have a rally up to 10,000 USD which will be triggered by the whales and other huge fishes in the market. 2018 will be just a part 2 of the rally for the price of bitcoin which will push bitcoin to the maximum price. |
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Hacker can't hack your Bitcoin as long as you store your Bitcoin in the safest wallet and also do not give any information about your wallet or private key to any suspicious sites. If people like that the government will ban the use of Bitcoin but it depends on the countries because of things like this very often happens.
The only key to not get hack is to be very careful in taking care of your information and especially the private key and if you have that private key and stored it somewhere else that is safe then there is nothing to worry about because it is safe and you will not get hack unless you give them your private key because private key is like the heart of your wallet once it is stolen then your coins is over. |
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Bitcoin is the modern era currency which has many advantages like it is the digital currency which is using for much online transaction. And the funds can be easily transfers in the world without any hurdles in the way of transfer while in the fiat currency system through banks if want to make a transfer you will fulfill many requirements.
I agree with you that bitcoin is the new or modern kind of currency or more likely to be called the shortcut for greatness of our money because with bitcoin we can do a lot of transaction without worrying too much about the fees and the time for making a complete a transaction. If you want to save a lot of money and time then bitcoin will be the best choice but as of now it is not that mainstream so it is a great opportunity for us to grab while it is not mainstream. |
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Is it worth spending time to collect Bitcoin rather than having a daily job? What I mean is that can bitcoin be more economical? Has it ever happened that people lose their investment value rather than benefit from spending it on bitcoin?
it is worth it because investing in bitcoin is very profitable and economical without income tax so it is feasible that the investment in bitcoin needs capital I agree with you. Our investment in bitcoin is really helpful because it will bring a lot of profits and benefits to us and because of that thing then we can easily make money by just waiting for the price to go up and we can do more investment since bitcoin is the main currency and the one who is being used by all the altcoins market as a base price. |
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I think that bitcoin are not totally against bitcoin because if they are against bitcoin then we can see the banning process of different governments for bitcoin because they are against bitcoin but until now we cannot see any of those but for just some few countries and that is a good sign that they are just waiting for the right time to fully use bitcoin and its technology.
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
In my opinion countries who banned bitcoin maybe because they were afraid that those people who belong in the bitcoin world would quit their real job and start to full time in bitcoin in this case government cant benefit taxes that an employee can give to the government because no one can control with bitcoin due to its anonymomity of users.They dont totally understand the positive effect of bitcoin in all levels of the society which enables a person to get an extra income in this kind odf business. They don't banned bitcoin because of the fear for the citizen of their country to totally quit their job because the real reason for me is the threat of bitcoin for being anonymous because it will be hard for them to locate or track down the transactions so they just decided to just ban bitcoin and not to use the opportunity. |
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Maybe because they already tried it and they didn't profited on it. It because maybe they engaged towards it quickly without knowing the fundamentals on investing bitcoin
The profit in bitcoin is not that fast because the market is volatile and one of the possible reason for them to not like bitcoin and be against in bitcoin is they don't have enough knowledge about bitcoin to learn the consequences of investing in bitcoin and also they don't have the patience because they just think that bitcoin is an easy money maker. |
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Bitcoin didn't mean that it is being used for money laundering because not all the bitcoin users are using bitcoin for money laundering because most of the people are just using bitcoin for money transfer and as a source of income which is very common benefits of bitcoin. So i don't think that bitcoin is just for laundering.
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Well i think bitcoin is not supported by some countries because they didn't know yet what the bitcoin can do for there economy or for there conpuntry, and i think some countries didn't know that bitcoin can help many people, and help the economy by reducing unemployed person, so my opinion is lack of knowledge of some countries is the main reason why they didn't supported bitcoin.
Knowledge is the best thing that everyone country should develop especially about bitcoin because most of the countries in our world are being blinded of the things and information that they are getting from the internet and that is why they are not supporting the bitcoin and other co-related cryptocurrencies but i think that in the future they will accept it. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Yes bitcoins is not a gambling because gambling is a game while bitcoins is more likely a currency a business and an investment. This involves a lot of risk but it doesn't mean that this is a gambling. Gambling is more likely a luck while bitcoins depends on how good you are in trafing or whatever strategies are you doing and it also depends to the peoplehow much value it will be in the market while gambling are fixed. Gambling are bad bitcoins are great. Bitcoin is simply just an investment and gambling means you are not aware of the possible things that might happen which is very prone in some hyip investment and literally gambling sites. Bitcoin has a lot of information in the internet to understand how it works and what are the possible outcome and those are enough to say that bitcoin is just an investment with a risk but not totally a gambling. |
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
I read some forum that was saying Bitcoin are using in illegal way nor we can say it crimes it is used for gambling and even in scamming other people but nowadays I think that people are using it to buy their own needs they need to it to survive in their everyday needs, everyrhing that we wanted will be granted with the help of bitcoin. Bitcoin will really help us in achieving our needs because it has a lot of of opportunities for work and that can be a cause or reason for us to make a lot of money. Bitcoin is maybe being used for illegal crimes but it is not enough for bitcoin to disappear since the authorities are making move to clean the market of bitcoin and makes it look better than before. |
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With the price of bitcoin then it is enough to say that bitcoin is really spreading faster than what we expect because if bitcoin is not spreading then the price will stay what it is right now but that is not what is happening right now because it just keeps on increasing day by day and that is how the spreading is also happening, it is fast since all the things are in the internet.
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