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Author Topic: What do you like best about bitcoin?  (Read 173783 times)
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December 25, 2016, 03:58:34 PM
 #441

The only thing good about bitcoin, is that it can save your money from rampant inflation that is going around in the entire world with the fiat currency madness.

Your purchasing power is reduced so much that we are getting poor in front of our eyes. Bitcoin helps us to keep us rich.

Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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December 25, 2016, 04:59:56 PM
 #442

One of the things I like the most about bitcoin is it cuts through all boarders and its easy to use plus its a good investment venture for people looking to make some money!
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December 25, 2016, 05:25:30 PM
 #443

i like the fast transaction of bitcoin and i can transfer my bitcoin to anywhere in the world and we know that bitcoin is in our control and we can keep our bitcoin in any wallet and in any amount and sometime i feel that my balance in my control into bitcoin.
to me as i am a good gambling, therefore to me i think the most good thing is that i can play gambling using bitcoin, as it as too much advantage of using bitcoin for gambling and especially in online gambling.
of course because of the nature of bitcoin that is anonymous, its can make you very free to do gambling, although in your country gambling was banned but you can do gambling using bitcoin with very easy and safe
What made a great contribution for bitcoin actually is the gambling industry, people are coming in to gamble and we know gamblers does not win all the time and even most of the time, it's the house ability to do it. Hence, it creates a big demand of bitcoin because gamblers does not really stop easily, the fact that we can transfer our money fast, it really gives us a chance to gamble anytime we want, and the more we gamble the more they are profitable.
I have no doubt the gambling industry has done very well and has helped bitcoin tremendously it is not surprise that when a city wants to increase its revenues and attract more tourist and jobs to them they allow the gambling industry to make a place in their communities.

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December 25, 2016, 05:41:12 PM
 #444

What I liked about bitcoins recently is its capability to be a shopping buddy without even thinking of the extra costs for transaction charges. All you need to do is load up your bitcoin debit card and do your shopping spree! Cashless shopping has never been so easy and cheap with bitcoin.

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December 25, 2016, 05:47:04 PM
 #445

What I liked about bitcoins recently is its capability to be a shopping buddy without even thinking of the extra costs for transaction charges. All you need to do is load up your bitcoin debit card and do your shopping spree! Cashless shopping has never been so easy and cheap with bitcoin.
Yeah right now bitcoin is very useful thing we can also now use vcc bitcoin from coins.ph that actually we can use for shopping online and i think its nearly happen that we can also have a physical debit or credit card that we can also use for shopping locally..



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December 26, 2016, 02:37:41 AM
 #446

i like best about bitcoin is no tax,profit good and potential is huge

That's is why many people are loving bitcoin, the taxation with bitcoin is not truly applied to us but there are some local exchange sites that are paying real tax for their service offered and the permit to be granted by the government that they are operating. We may not be taxed directly because they aren't saying it and we don't know it but in reality there are some of us who are paying taxed in terms of fees.

It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared.
People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some).

While in bitcoin I know that we have to declare it also 'cause it is part of our source of income.

For all of us tax is really an obliged and burden to all of us. Good thing that there are countries like that there minimum total asset is $20,000 and you are tax exempted here in my country everything has tax. Because of the VAT, even the food that you are eating, you are paying its tax. But with bitcoin, if we will buy something we like, we just cover the fees.
That's how the government are slowly killing us, sometimes they are already doing a double taxation and that does not already benefit the people, as  income will not be enough anymore due to our obligation to pay taxes. With bitcoin, no tax at all, so we like it.

.
.Duelbits.
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December 26, 2016, 03:28:56 AM
 #447

I like bitcoin because it is secured and it doesn't need to expose my identity on making transactions. I also like in bitcoin when it comes to fees because it costs lower than in the banks. But the best thing i like bitcoin is bitcoin doesn't require a particular age to get on the board, If you are teen, old or even a child you can still earn money and make a lot of profit from it because bitcoin is for everyone Grin.
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December 26, 2016, 10:35:05 AM
 #448

It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared.
People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some).

While in bitcoin I know that we have to declare it also 'cause it is part of our source of income.

For all of us tax is really an obliged and burden to all of us. Good thing that there are countries like that there minimum total asset is $20,000 and you are tax exempted here in my country everything has tax. Because of the VAT, even the food that you are eating, you are paying its tax. But with bitcoin, if we will buy something we like, we just cover the fees.
That's how the government are slowly killing us, sometimes they are already doing a double taxation and that does not already benefit the people, as  income will not be enough anymore due to our obligation to pay taxes. With bitcoin, no tax at all, so we like it.

The common opinion here is that bitcoiners should not pay taxes whenever possible. In this way, the government could claim that bitcoiners are parasites of society since they are using roads, utilities, free medicine services (where applicable) like everyone else, though they are deliberately avoid paying taxes by hiding their Bitcoin income...

If you come to disagree with that, get ready for a fight in the future

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December 26, 2016, 11:00:30 AM
 #449

the part that i like about bitcoins is it is easy to use and has many advantages

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December 26, 2016, 11:14:02 AM
 #450

It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
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December 26, 2016, 11:25:50 AM
 #451

I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
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December 26, 2016, 12:05:24 PM
 #452

It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
if you use the fee is too small because you want an inexpensive fee, such fee 0.0001 BTC. I can assure that you will receive a confirmation or receive your bitcoin in a long time, it may take 1 day or 2 days
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December 26, 2016, 12:21:58 PM
 #453

I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
I am not sure that the store bitcoin is a way to use it  Grin
yah using bitcoin is when you make it to be a trading tool, and businesses. well, that is the part I like about bitcoin. I actually have a hobby of doing business, and I thought, bitcoin has the best ways on the internet to create a business.
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December 26, 2016, 01:30:49 PM
 #454

I like bitcoin because it is secured and it doesn't need to expose my identity on making transactions. I also like in bitcoin when it comes to fees because it costs lower than in the banks. But the best thing i like bitcoin is bitcoin doesn't require a particular age to get on the board, If you are teen, old or even a child you can still earn money and make a lot of profit from it because bitcoin is for everyone Grin.
to me the best about bitcoin is that i can use it everywhere in the world as it is decentralized currency having same value every where. i never feel the need to convert it in to fiat or local currency of that country where i want to spend it.

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wxa7115
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December 26, 2016, 04:17:13 PM
 #455

The best part about bitcoins Is the potential of becoming rich.
If we earn alot like millions of dollars the government ka tax us  Cool .

If you were fortunate enough to make that amount of money, new problem will emerge for you, like how to cash out that amount of money without disclosing your identity, because if your identity gets known the government will begin to knock on your door looking for their taxes.

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richardsNY
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December 26, 2016, 04:25:17 PM
 #456

I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.

It's safe as long as you take the right precautions. If you recklessly just create a paper wallet via an infected PC, then you can bet on it that the people behind the infection will exploit it and empty your wallet. Even printing out a paper wallet is not always a safe thing as printers nowadays are connected to the internet and have a wifi access point. And this is just one example of how to store coins. There are so many factors that you need to keep in mind when storing coins for the long term.
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December 26, 2016, 05:38:05 PM
 #457

I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.

I do savings too, and just like you i also feel really safe having my savings in bitcoin because i know they are always safe and wont disappear or be stolen at all, and on the other side, there is always a possibility of increment of the amount i have as the price keeps fluctuating.
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December 26, 2016, 06:28:11 PM
 #458

What I liked about bitcoins recently is its capability to be a shopping buddy without even thinking of the extra costs for transaction charges. All you need to do is load up your bitcoin debit card and do your shopping spree! Cashless shopping has never been so easy and cheap with bitcoin.
Yeah right now bitcoin is very useful thing we can also now use vcc bitcoin from coins.ph that actually we can use for shopping online and i think its nearly happen that we can also have a physical debit or credit card that we can also use for shopping locally..
I'd have to agree with you on that one : bitcoin's gone a long way from where it was in the last few years and it's already at the point where you can fill up a debit card and go with it.

I expect we'll see some bigger companies starting to accept it in the next few years, but the main issue why bigger companies aren't accepting bitcoin widely is because of its volatility- that's nearly impossible to get rid of, but we'll get there eventually.

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December 26, 2016, 07:09:07 PM
 #459

Be honest I thing I like/familiar with bitcoin coz It's a type of most popular digital cryptocurrency.Bitcoin is the currency of the Internet.With Bitcoin,i can be my own bank.While a “wallet” service that stored my bitcoins like a bank.Basically,like it some features e.x P2P exchange,a smart security that's mean i can easily control it under private key such as several reasons i like to use Bitcoin.
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December 26, 2016, 07:32:39 PM
 #460

It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
I think that you saying "safe to buy" is not safe at all, why? because there are many sellers that using bitcoin as a payment to scam other people, it will be safe if you will hire a trusted and reputable middle man, also if you're buying items on the internet using your bitcoin do research first about the website before you pay the items.

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