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Author Topic: Why Should I Choose Bitcoin ??  (Read 48045 times)
hase0278
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February 12, 2017, 08:49:38 AM
 #161

I personally used bitcoin because of the reasons 2-5 that was stated by OP. It makes online shopping easy since I don't have to ever reveal my identity to those who I will pay and risk my credit card numbers to be used by others. It makes online transactions easy and of course it charges low in terms of fees when I send to others. In addition to that, I can earn using it too that's why I started using bitcoin.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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February 12, 2017, 08:53:13 AM
 #162

Why Should I Choose Bitcoin ??
                                                It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :

1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !

Choosing Bitcoin is a wise idea, because it can make your life easily not in all things but in fairness this business is really helping me in terms of some payments. And I can do my task even if im in the bed, resting. Its one of the advantages and also I can do it whenever I am, because here internet everywhere.  
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February 12, 2017, 08:54:08 AM
 #163

I personally used bitcoin because of the reasons 2-5 that was stated by OP. It makes online shopping easy since I don't have to ever reveal my identity to those who I will pay and risk my credit card numbers to be used by others. It makes online transactions easy and of course it charges low in terms of fees when I send to others. In addition to that, I can earn using it too that's why I started using bitcoin.
I agree with you . confidentiality of data becomes an important point in shopping online. we can easily send and receive bitcoin without fear of our identity known. Most people today are more often doing shopping in e-commerce. This has become a daily routine.
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February 12, 2017, 07:46:20 PM
 #164

Why Should I Choose Bitcoin ??
                                                It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :

1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !

In addition to your reason, bitcoin is decentralized and anonymous, and the volatility of the bitcoin price is a big factor of course.
Bitcoin can be also a master or king of the currency in the internet in our generation now in terms of technology.
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February 12, 2017, 09:04:27 PM
 #165

Why Should I Choose Bitcoin ??
                                                It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :

1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !

In addition to your reason, bitcoin is decentralized and anonymous, and the volatility of the bitcoin price is a big factor of course.
Bitcoin can be also a master or king of the currency in the internet in our generation now in terms of technology.
If i am looking to have a faster transaction i would choose an alt coin rather than Bitcoin because some coins are faster than bitcoin and to tell you the fact bitcoin is not really anonymous and if you are looking for anonymity you have to chose Monero Dash or Zcash .Bitcoin is the king hands down and it will be as this is the first digital currency .
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February 12, 2017, 11:01:39 PM
 #166

Bitcoin is my choice because I love the freedom, global and secure its information. Everyone, everyone can use Bitcoin, you can use, trade it anywhere, whenever you want without having to depend on any individual. All Bitcoin transactions are done not through any financial institution, personal information will not be disclosed, to ensure safety for the transactions. One thing that made me choose Bitcoin is its decentralized technology, I think you should supplement. Modern technology's main Bitcoin has created its real value. Low and fast transaction speed I think is not right. Currently, the number of transactions increasing transaction speed has been reduced, the fees also increased.
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February 12, 2017, 11:21:17 PM
 #167

The most simple reason why we should choose bitcoin is because bitcoin has a high price, and may be more easily obtained than cryptocurrency others. besides, bitcoin could be a very good business for now, because I feel that the position of bitcoin same with gold.
For me bitcoin really a good source of business now and not could be, because we have proven it. Many of bitcoin users here has been successful doing business with it. Yes we can really compare bitcoin to a gold the difference is that bitcoin has many functions and its prices varies depending on supply and demand.

I also choose Bitcoin due to the fact that it has many advantages. Gold does not give such a large profit as the Bitcoin. But we must always be careful
Well, Gold has its advantages, but generally this is something more negotiated by major investors. There are people who move large sums of money in the market, so they need a market with more liquidity, and with a lower volatility than is seen in the Bitcoin market, because they have more to lose if the asset falls in price.
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February 12, 2017, 11:22:05 PM
 #168

I choose bitcoin because everyone can trade and pay with it in the world, no matter if he is rich or poor.

Also you can save unlimited money in your wallet with bitcoin.
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February 12, 2017, 11:35:00 PM
 #169

I personally used bitcoin because of the reasons 2-5 that was stated by OP. It makes online shopping easy since I don't have to ever reveal my identity to those who I will pay and risk my credit card numbers to be used by others. It makes online transactions easy and of course it charges low in terms of fees when I send to others. In addition to that, I can earn using it too that's why I started using bitcoin.
I agree with you . confidentiality of data becomes an important point in shopping online. we can easily send and receive bitcoin without fear of our identity known. Most people today are more often doing shopping in e-commerce. This has become a daily routine.
I think using a low fee. tyour transaction not be confirmed quickly and certainly your goods will not be sent/shipping. before receiving confirmation. how do you get around it ?
CyberKuro
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February 12, 2017, 11:44:54 PM
 #170

Why Should I Choose Bitcoin ??
                                                It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :

1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Yes, all of those advantages are attracted people to use bitcoin as an alternative payment and investment.
But, for the first time for layman, the most interesting part of bitcoin may about the higher rate of bitcoin price that could increase faster than gold investment.
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February 12, 2017, 11:50:05 PM
 #171

I choose bitcoin because everyone can trade and pay with it in the world, no matter if he is rich or poor.

Also you can save unlimited money in your wallet with bitcoin.
Also the good part in bitcoin the price is good and continues increase and i think more price increase will come in bitcoin. and its growing more and more..
But there is still issue about the transaction delayed always and continues increase of transaction size.. that is why paying default amount of fee can delayed by many hours even its default fee..

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February 13, 2017, 10:56:51 AM
 #172

I think it is simple, I select the bitcoin because current bitcoin is a long-term investment that is very lucrative. When all the stagnant investment, then the presence of bitcoin makes many things become the best solution investment. bitcoin stock doesn't change, but the user always increases so prices will keep going up bitcoin.
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February 13, 2017, 11:40:28 AM
 #173

The best thing about bitcoin is that it can be sent really fast. In real money, it can be sent in the around the world though you will be waiting for a lot of hours and sometimes it has many errors so you must resend. With bitcoin one click or swipe it is received automatically by the receiver and it is really fast. Though bitcoin can't be used fully in the real world because many stores still do not accept bitcoin, hope it will be accepted by many stores.
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February 13, 2017, 11:55:20 AM
 #174

The best thing about bitcoin is that it can be sent really fast. In real money, it can be sent in the around the world though you will be waiting for a lot of hours and sometimes it has many errors so you must resend. With bitcoin one click or swipe it is received automatically by the receiver and it is really fast. Though bitcoin can't be used fully in the real world because many stores still do not accept bitcoin, hope it will be accepted by many stores.


There are more than enough reasons why OP should choose Bitcoin over every other existing Cryptocurrencies. You mentioned quite a lot already. Even If Bitcoin is not been used and accepted as an official currency in almost all countries, There's still a possibility that It will someday, If not anytime soon.

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February 13, 2017, 11:56:37 AM
 #175

The best thing about bitcoin is that it can be sent really fast. In real money, it can be sent in the around the world though you will be waiting for a lot of hours and sometimes it has many errors so you must resend. With bitcoin one click or swipe it is received automatically by the receiver and it is really fast. Though bitcoin can't be used fully in the real world because many stores still do not accept bitcoin, hope it will be accepted by many stores.
Well it does send money to one another instantly but to claim the money it take 30 - 60 min which isn't that good but I'm fine with that.
Second why do you want to use bitcoins in daily use for example let's say somehow bitcoin became a currency and let's say you get a coke for 0.0001 btc. Now here's the thing bitcoin is more like a investment platform and not a currency and it's price keeps changing so the shopkeeper will have to change the price like make it 0.0004 or anything everytime the price changes , so don't you think that is frustrating.
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February 13, 2017, 12:25:59 PM
 #176

The best thing about bitcoin is that it can be sent really fast. In real money, it can be sent in the around the world though you will be waiting for a lot of hours and sometimes it has many errors so you must resend. With bitcoin one click or swipe it is received automatically by the receiver and it is really fast. Though bitcoin can't be used fully in the real world because many stores still do not accept bitcoin, hope it will be accepted by many stores.


There are more than enough reasons why OP should choose Bitcoin over every other existing Cryptocurrencies. You mentioned quite a lot already. Even If Bitcoin is not been used and accepted as an official currency in almost all countries, There's still a possibility that It will someday, If not anytime soon.

Bitcoin is not yet popular in many countries and we cannot use it to buy anything at physical stores but things will change in future when bitcoin will become more popular and will be used as a normal currency and till then I am treating it as an investment which can give me best returns in future.

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February 13, 2017, 12:50:30 PM
 #177

OP diid mention good points whe we should choose bitcoin rather than the traditional way of using money honestly I choose bitcoin because of what the OP stated in the number 2 , It has low fees or almost nothing ! I use to send money from my relatives all over the globe and using remittance center was really uncomfortable for me so good thing that I found about bitcoin and i save almost $200 in fees now ! long live bitcoin !
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February 13, 2017, 01:37:10 PM
 #178

OP diid mention good points whe we should choose bitcoin rather than the traditional way of using money honestly I choose bitcoin because of what the OP stated in the number 2 , It has low fees or almost nothing ! I use to send money from my relatives all over the globe and using remittance center was really uncomfortable for me so good thing that I found about bitcoin and i save almost $200 in fees now ! long live bitcoin !
same with me I love bitcoin because of that feature here in our country money remitances was really far away from us and addition to that it gives high fees so to save myself from transportation and time I usually go with bitcoin because it is so much comfortable I can send money everywhere I want and anytime I want ! bitcoin was really useful to me and to my family

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February 13, 2017, 01:46:23 PM
 #179

Good technical writing, but there are some more aspects of using bitcoin apart from the points you have mentioned here. Also bitcoin transaction fees are not low nowadays. For even a small transaction, you will have to shell out a good amount.

However, bitcoin is attractive to me because bitcoin is the best investment destination I have seen in last two years, which is fetching me a much higher return than any other conventional investments. I think that is the major attraction point for most of the people here. For me also it is the same. If bitcoin price goes down to the bottom, I won't mind switching to other coins.

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February 13, 2017, 01:57:16 PM
 #180

OP diid mention good points whe we should choose bitcoin rather than the traditional way of using money honestly I choose bitcoin because of what the OP stated in the number 2 , It has low fees or almost nothing ! I use to send money from my relatives all over the globe and using remittance center was really uncomfortable for me so good thing that I found about bitcoin and i save almost $200 in fees now ! long live bitcoin !

Yes money transfers have become very easy and cheap with the help of bitcoins as you don't need to go to banks or WU for money transfers which also saves lot of time as it can be done with just a click of mouse but still the confirmation time is creating an issue sometimes so if you want to confirm it fast then you need to add higher fees.

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