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Author Topic: One of many reasons why I love bitcoin  (Read 10961 times)
DoublerHunter
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May 10, 2017, 07:41:08 AM
 #41

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 Cool:

This is one of the reason why i love bitcoin because the price is continue rising up and even we just bought or keep a few bitcoins in the past few years then if we look at it again we can see a huge increase on the value of our holdings and that is one of the best for long term holders or investors like me.
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May 10, 2017, 07:59:53 AM
 #42

Bitcoin helps me make money without much effort and time, I really love it for it. I hope in the future he will make me a millionaire.
magneto
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May 10, 2017, 08:02:28 AM
 #43

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 Cool:


Yes indeed.

It basically offers you a way to store your wealth over the long run even if you didn't have access to bank accounts like a lot of people in 3rd world countries. Also it is an investment vehicle that can take you a long way.

I'm just really really pissed at myself for not buying any bitcoin when the price was just 200 USD on a daily basis and basically was stable at that level. Wish I could go back in time and buy a ton of bitcoins at cheap prices.
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May 10, 2017, 08:48:29 AM
 #44

It is true that bitcoin prices are currently at a high level so it takes hard work to get it, I like bitcoin because many of the convenience that I get from digital currency is certainly not only useful as a means of payment but can also be a source of income from my daily activities online
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May 10, 2017, 08:50:24 AM
 #45

I love bitcoin because through this i can earn nice income by doing lot of work for bitcoins, apart from that i can gamble without giving any identification proof
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May 10, 2017, 11:20:49 AM
Last edit: May 10, 2017, 07:38:27 PM by phr0stbyt3
 #46

Hehe that's nothing man people it is just another example for all those hater out there that no matter how much they criticize or some countries even banning it. The more we go against it is going to have a opposite reaction as the public is not at all dumb. I'm just happy as many countries are realizing the importance of it
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May 10, 2017, 11:44:46 AM
 #47

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 Cool:

Nice!
I'm so happy for your achievement. Smiley
I wish, many people will appreciate the importance of bitcoin.
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May 10, 2017, 11:56:57 AM
 #48

We have seen numerous times here how bitcoin has been a great help to a lot of us, me including, and that's all the more reason to love bitcoin. Ever since I got into bitcoin seriously, I am able to earn a small amount each week that I keep for future needs. Although I have not been buying as I wish I would, I am just holding what I can and just let it grow and be among those who have a good amount of bitcoin in their possession. My exchanger also has its own promos and cool events from time to time, and it is nice that it's pushing for more bitcoin usage.
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May 10, 2017, 12:01:13 PM
 #49

I love bitcoin bceause this coin gives me opportunity to earn money even Im student only and I dont have time to work because Im busy in school. But with help of bitcoin I earn money weekly even I do that part time only I will work in bitcoin after my school . I hope bitcoin will live long so many people earn money like me. Love bitcoin very much and I want to earn more bitcoin also so I can earn a lot of money. You why you love bitcoin.?

 
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chrisivl
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May 10, 2017, 12:09:27 PM
 #50

I love bitcoin bceause this coin gives me opportunity to earn money even Im student only and I dont have time to work because Im busy in school. But with help of bitcoin I earn money weekly even I do that part time only I will work in bitcoin after my school . I hope bitcoin will live long so many people earn money like me. Love bitcoin very much and I want to earn more bitcoin also so I can earn a lot of money. You why you love bitcoin.?

It also helps me to earn money and I do not need to provide identification and pay tax for using coins.
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May 10, 2017, 02:23:31 PM
 #51

Compare that to interest you might have received from your local bank. Example = 10% interest at a bank per year :

2014 - $7.48 = {$0.748}
2015 - $8.23 = {$0.823}
2016 - $9.05 = {$0.905}
2017 - $9.96 ---> rounded off = $10-00 <---- The reality will be that banking fees would have been more.  Shocked Shocked Shocked

My math may be incorrect, but it is close enough to make a good comparison. It would never trump $48.14 interest over 3 years vs $7.48. I can

just imagine if this was $1 000 000  Grin

10% is a big profit annually and only found in countries which have a very high inflation rate (as far as I know). your calculations are not wrong but they are just not accurate.

for example the banks where I live calculate the profit daily, they pay the profit monthly though. and for that your calculation would be a little bit off. the total after 3 yeas would be $10.10 exactly if you use the daily method. the formula for it can be found in Microsoft Excel if you are interested.
Code:
=FV(10%/365,3*365,0,-7.48)

As I said, the math might not be 100% correct and the interest might be a bit high... but it still shows what huge profits you could make with

Bitcoin compared to interest that you might earn through banks.  Wink ... I have yet to see one bank where $7 will not be absorbed by banking

fees. The other thing is... most accounts are suspended and closed once they are not used. Banks will say that idle accounts are closed because

of KYC/AML regulations and to prevent fraud and money laundering.... but the real reason is that idle accounts do not generate income for them.

They want you to make transactions on your accounts so that they can charge you fees. Greedy Mfkers!

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paul gatt
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May 10, 2017, 02:26:52 PM
 #52

I love bitcoin bceause this coin gives me opportunity to earn money even Im student only and I dont have time to work because Im busy in school. But with help of bitcoin I earn money weekly even I do that part time only I will work in bitcoin after my school . I hope bitcoin will live long so many people earn money like me. Love bitcoin very much and I want to earn more bitcoin also so I can earn a lot of money. You why you love bitcoin.?

It also helps me to earn money and I do not need to provide identification and pay tax for using coins.

You do not have to pay taxes to the government, but vice versa, you have to pay a transaction fee, and I believe the amount you pay for transaction fees is equal to the amount of tax you pay the government. It's the same. The difference here, bitcoin does not need any legal papers, everything is free.
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May 10, 2017, 02:47:58 PM
 #53

One of the reasons why i love bitcoin is because it's too easy to use and i can earn money without going out or getting a lot of work because i just need internet and computer and i can do all the bitcoin things that i need to do to earn money. It is very easy for me and bitcoin is the very first digital currency that i tried and i like bitcoin more than the money that we currently have.
I could not agree more. People who uses bitcoin will totally love it because of its simple characteristic and uses. Bitcoin is a crypto-currency which means it is internet base or web base so many people can used it. And it easy to learn because it has forum like this where you can educate yourself on different thing about bitcoin. And also while learning you could also apply on a signature campaign where you can post to earn so it is not hard for people to get used to bitcoin. And for one of the best reason to love bitcoin is it development on its price, security and transaction.
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May 10, 2017, 02:49:03 PM
 #54

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 Cool:


Well that is good. It just shows how patient you are. That is why those just earned bitcoins on its earlier time and saved it were considered lucky because they had gain a tremendous profit and now deserved what they really had today. If it were me I would do mining before but unfortunately my computer specs can't use them properly.



BIG WINNER!
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May 10, 2017, 02:52:56 PM
 #55

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 Cool:

Thats why its always said that bitcoin should be invested in a long term basis to reap more benefits and not in a short term basis like altcoins.Just invest,remain patient irrespective of the market conditions and you are sure to get more returns.

This is happening now,those who save or invested a lot  before may aready celebrating now since bitcoin value now goes high as sky. And their bitcoin accounts now got double or tripled instantly.

Have you guys seen the price of litecoin.? It's x7 in a Span of a month. Think the same about Bitcoin from 2010-11. Other than growing of the price, I would have to love the anonymity which Bitcoin provides while transacting.
Well we are talking and basing here about the price of bitcoin.Litecoin really did gain some 7x on a month but still its way far beyond into bitcoin in terms of progress and other features which is anonymity same as you said this is what I love about bitcoin that no one could able to trace up my transactions on line.Making it as an investment is a plus because of moving prices and for OP I'm quiet amazed because he did able managed to hold up that amount for almost 3 years.

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May 10, 2017, 02:55:26 PM
 #56

this is exactly what us BitcoinHodlers get. a bit ass profit in the long term while others who are not long term Hodlers are just envying us and each year we keep increasing our wealth while others continue envying instead of getting on Hodlers train Smiley

Holding Bitcoin More Every Day
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May 10, 2017, 02:57:57 PM
 #57

I love bitcoin bceause this coin gives me opportunity to earn money even Im student only and I dont have time to work because Im busy in school. But with help of bitcoin I earn money weekly even I do that part time only I will work in bitcoin after my school . I hope bitcoin will live long so many people earn money like me. Love bitcoin very much and I want to earn more bitcoin also so I can earn a lot of money. You why you love bitcoin.?

I like you too, I am a student of a university, my cost of studying is very expensive, however, thanks to bitcoin, it becomes okay nail. You do not need to spend a lot of time with extra work, just stay home and work on your computer. Everything becomes a lot easier.





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May 10, 2017, 03:11:58 PM
 #58

The reasons why I love bitcoin is that I don't need that much effort. The only thing I need is a determination to earn a high profit. Join in a signature campaign and just post in our signature campaign thread or any topic that you want to post. Not only a simple post but I'll make it sure that my post is having a high-quality content.

yes. Hard work is what you need in posting in different forum. Signature campaign helps me a lot in saving money every week. And when you post be sure that it have sense and other bitcoin users who can reas that will get some knowledge about the thread.



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Rainbot
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emezh10
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May 10, 2017, 03:17:09 PM
 #59

Bitcoin is the a digital currency so is it easy to use unlike a physical you need to carry it everywhere bitcoin is a digital currency so you can access your bitcoin everywhere just using your phone and a access in a internet also thief cant steal your bitcoin. Main thing is it is easy to use in the future you can pay in just one click.
makolz26
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May 10, 2017, 03:32:10 PM
 #60

Bitcoin is the a digital currency so is it easy to use unlike a physical you need to carry it everywhere bitcoin is a digital currency so you can access your bitcoin everywhere just using your phone and a access in a internet also thief cant steal your bitcoin. Main thing is it is easy to use in the future you can pay in just one click.
Although it is convenient to use we still need physical money in small expenses. I love bitcoin its capability, convenient and the capacity to earn more just like any passive income. I can buy things online without showing my credit card as proof of payment which is too risky nowadays.
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