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There are numerous advantages of bitcoin.
-Decentralized.
-No taxes.
-No tracking. No one can trace transactions, unless you publicize your wallet addresses publicly. Oy you and no one will know how many bitcoins do you have.
-Quick and cheap transactions
-You can send and receive bitcoins anytime and anywhere in the world.
-Payments can be made without personal information tied to the transaction.
-No one can control or manipulate the Bitcoin protocol because it is cryptographically secure.
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We cannot force anybody to believe in bitcoin. They don't believe bitcoin because they don't have knowledge or maybe they just don't want to know about bitcoin or not interested. Don't mind them, the important is you know how bitcoin works and how useful it is.
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People chooses bitcoin because it is decentralized, no one controlled bitcoin, even the government. Bitcoin has a usefulness that does not detract from industry.
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You can find the answers of your questions by searching in google. Try also this one, it may help you to learn more about bitcoin or how it works, just click here: https://bitcoin.org/en/faq |
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Segregated witness or in short 'segwit'. It means that the witness, or signature data is separated from the transaction in order to make it smalker in size. It will still be transmitted, but it will not be included inside of the transaction.
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Trading is much better than mining. Nowadays mining is not profitable. Mining is not as profitable as trading. Trading is giving multifold returns to investors. In trading you don't need much money to invest, while in mining, you need big initial investment.
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There are some interesting ideas that we can promote bitcoin. When promoting bitcoin or any other cryptocurrency, the primary goal is to put the branding out there for everyone to see. We can promote bitcoin by making billboards, featuring Bitcoin-related themes, bitcoin clothing, or through media. The Great Canadian Water Co. has come up with a mockup design for Bitcoin water bottles. In fact, they will be sold for Bitcoin if there is enough demand to produce these labels.
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Bitcoin is important because:
- Bitcoin is a commodity
- Bitcoin’s Transparency
- Bitcoin is Deflationary
- Bitcoin is Pure, Unregulated, and Open
- Bitcoin has no Borders, Limits
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There are many reasons why we should love bitcoin. Here are some reasons why i love bitcoin:
-bitcoin is decentralized
-Bitcoin users can get and send money anywhere in the world at any time as long as you have internet access
-it helps people to earn
-we don’t have to physically carry it around.
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I don't think cryptocurrency can make real money disappear, because government will not allow that to happen. Cryptocurrency needs internet connection, but not all people have an internet access, so I don't think that would be happen.
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Bitcoin impress me because of its uses. Bitcoin is amazing. I'm also impressed how bitcoin changed people's lives. Bitcoin has the potential to change the lives of people for the better.
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We can avoid bitcoin's end if:
-we do not use bitcoin in illegal ways or use it to do crime.
-everyone will not stop investing and using bitcoin.
-and if we'll not stop supporting bitcoin.
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Having a merit does not depend on how many post's do you have, but it depends on the quality of our post. Our post must be high quality, informative, helpful and not to short. Just keep on trying and wait.
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Now is the best time to buy bitcoin, while it's in very low price. People may think that bitcoin is going to die, but i believe bitcoin will rise up again, we just dont know when, but it will rise again before 2018 ends. So now is the time to buy more bitcoin and just hold it and wait for the price to rise, so your money will grow and get a big profit.
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It is possible that bitcoin will hit $30k by the end of 2018. As we can see last year from $900 it increased up to $20k.. It might be happen also this year..
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At the moment bicoin price dropped to $9,639.33, and it is 502,533.93 in Philippine peso. You can always search in google by typing 'bitcoin price today' if you want to know its price because bitcoin price is changing every now and then.
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Basically, society needed an alternative to the regular financial system through which people could trade. When Satoshi Nakamoto invented Bitcoin peer-to-peer transaction system, society got the best alternative yet. Now, everyone can try his luck with day-trading, mining, etc. Important part is that today we have stabile digital currency that is used all over the world for transactions of all sorts. Most of the online traders use Bitcoin nowadays and even some of the biggest networks included Bitcoin as a valid method of payment, such as Microsoft, Amazon, etc.
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Just keep on posting. Make at least 1-2 posts a day. I became a junior member in just 1 month.. So i can suggest keep on posting because you only have 5 post since february 2..
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