Why Should I Choose Bitcoin ??

[kyoshiro0911]

because in bitcoin, earning is easy. You just have to embrace the nature of bitcoin, respect the rules here and there you go,you are earning big at the same time learning a lot of stuff.

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[1714104074]

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[Janation]

You should choose bitcoin because for my speculation this is our future money. Some countries are using bitcoin already as their money.

Really? Can you give us a link about this? Give us a proof since you are wrong. Bitcoin is a good digital currency and it is expensive to start with and it still has a great possibility of pumping in the future. There is a lot of altcoins out there that will give you a good profit but I think Bitcoin will do it better than those currencies.

[stripewhite]

1. Secure online transactions. Currently people use credit cards which are insecure for online transactions because the transaction details are reusable. A merchant (or thief) who has the credit card details can use those to charge against your account. Typically credit card companies cover this type of fraud, but in reality this "cost" is actually passed over to merchants who then pass the cost over to consumers. That's why in theory a merchant should be able to give bitcoin users a discount... because the layer of fraud that adds cost is no longer there. I'll also add that you get a tad bit of anonymity because you do not need to provide your name or information to merchants. So paying for pornography would be more discreet for example.

2. Bail-ins. Across the world there are more and more banks who are etching in the ability to have bail in situations where when they go insolvent, the necessary funds are then taken from depositors accounts without their permission.

3. Negative interest rates. They are not popular across the world yet but they exist and in the unsustainable bubbles that quantitative easing cause, it could become more widespread in the future. Paying a bank to store your money (in addition to inflation) will reduce your wealth more quickly.

4. The borderless aspect. Currently most money has to move traditionally through slow cumbersome systems that can typically add large fees on top. With bitcoin, anyone could be paid and there are no borders or boundaries. This certainly has advantages in many areas... remittance for example. The savings would be even greater in the case of remittance if bitcoin was used more widely and didn't need to be converted to other currencies at each end. Capital controls are another area that fit under this feature. Some countries want to limit where you can send your money so they can keep your wealth inside the country. But maybe you just want to leave?

5. The irreversibility of transactions makes consumer to merchant fraud near impossible. This has special applications. There are some areas in the traditional economy where consumer to merchant fraud is rampant... such as the selling of virtual goods and probably pornography. Some argue that it is a bad thing but the point is that it is better to have irreversibility with the option to have reversibility on top than it is to have only reversibility with no irreversibility option.

6. Deflation. Currently the USD is said to have 3.5 % inflation. Some reports say this is actually underestimated. If you keep large amounts of your wealth in money then you are losing more than the average person through inflation. In theory bitcoin will be deflationary but right now it is too volatile (small) to be considered either inflationary or deflationary. There is also the obvious profit potential of bitcoin I will include here. A normal dollar has 100 units of value. so $1.00 is a dollar and 100 cents make up a dollar. Bitcoin on the other hand looks like this 1.000000000. Because there are only a maximum of 21 million coins there has to be a way for each bitcoin to represent large amounts of value. If one coin was worth a million dollars then it's smallest unit .0000000001 (one satoshi) would be worth one cent. But that isn't all.... in the future if it was necessary there could be more units added so it could be divided further. This means that even though we are not in a steady deflationary period there is tremendous profit potential. Essentially owning bitcoin means that you own not only the monetary unit but a piece of the whole infrastructure that makes up the bitcoin network.

7. Programmable money. Some will say bitcoin is really a protocol. Just like how email is a protocol for sending messages. Bitcoin is a protocol for sending money. The value this provides is very underestimated. There will be people who will innovate with bitcoin and provide features that ordinary money simply can't do. For instance the writer of a popular blog could provide an address that they can be tipped with. Someone can tip them with bitcoin and neither of the two parties need to know any financial details of the other. The tipper doesn't need to make an account somewhere and load up their account with funds. They just send money directly to the public key that is represented by a QR code. A beggar could sit on the roadside with a sign that just displayed the public key of their wallet. A passerby could take a picture and post it to a forum. A user of that forum could send funds directly to that beggar, using the picture as the only piece of necessary information to make the transaction. Another user will be able to send a bitcoin to their descendants... 100 years into the future in a time locked transaction. That means that the bitcoin will get carried around in their will and passed on for generation after generation until it can be spent. In 100 years. If estates were converted to bitcoin at the end of ones life the whole entire process of dividing things could be automated for example. These are just a tiny fraction of the possibilities.

8. Built in multi sig. Having transactions with the ability to have multiple signers opens up the possibilities for fancy things. You could have automated escrow... where 2 of 3 signatures are needed for a transaction to process. If you and the person you are trading with agree then you would both sign. The third signature would be an escrow agent who would intervene in the case of a dispute. By having 2 of 3 signatures it means that the escrow agent cannot run away with the funds. That's just one example. Also in this category I would put the ability to break keys into n of m pieces. You can divide a key so that it requires 2 of 3 pieces to reconstruct... or 3 of 4 and so on. This makes the storage of your bitcoins very versatile. It makes it potentially more secure than anything else you can own. For example you could break a private key into 3 of 4 pieces. 1 piece can go to the safe deposit box in a bank. 1 piece can go to another bank in a different country. 1 piece can be kept in a safe in your house. Another piece could be memorized in your head. The only way a thief could acquire your bitcoins is if they broke into 2 banks in 2 different countries and then found their way into your safe as well. If you personally wanted to retrieve the funds you would have one piece memorized, one in your safe, and pick the bank of your choosing. If you forgot the memorized key you would still be fine because there are 3 pieces left.

9. Bitcoin 2.0. If you haven't already figured it out yet, the money part of bitcoin is just the first application on a platform that is the bitcoin platform. The ability to prove asset ownership is what makes the bitcoin platform have great potential.... maybe even moreso than the money aspect. Already some companies are using this aspect. A bond was issued by Patricky byre @ overstock. Degrees are being published on the blockchain. Pay and go car leasing with the agreement all done through the blockchain is being experimented with. The amount of middle men this could cut out and the amount of potential industries it could disrupt is staggering.

10. Monetary Sovereignty. Mankind has never really owned their own money before. It's always been owned by their rulers. In the case of the United states that would be the Federal Reserve and it's board members . The Fed is not a part of government, but rather a private cabal. Even when our government had a currency actually backed by reserves it was only fractionally backed and therefore just an illusion. Bitcoin gives the ability for people to actually own their own money. You can't possibly own something if someone else can dilute the value of it by making more and taking it from you through inflation. With bitcoin the amount that will be created is known and that is it.

[iconicavs]

All valid points and those are the only that I can think of that anyone can really ask for when choosing to use bitcoin in the first place.

Yes sir. I thin he just listed everything about btc that is in favor of us in so many ways and is really easier for everyone who owns bitcoin. If they aren't yet then they would think of how nice of an investment bitcoin is.

[Khalp1]

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 !

I choose bitcoin because it's low charges and fees. Bitcoin transactions cost very little as compared to normal transactions. Since no third party is involved, Bitcoins are moved by the users between themselves without any additional costs. Through the Bitcoin online exchange platforms, one is able to transact for free.

[Visbay]

Because bitcoin will give us a lots of profit and sure bitcoin have good future for us.
so many people be come success because of bitcoin. and i'm beleived with bitcoin thats why I choose bitcoin.

For me profit is not everything. I choose to invest in bitcoin partly because of the profitability of one part because I like blockchain technology a great technology. That's why I invested in bitcoin

Yes bitcoin is the best invention and after the arrival of blockchain bitcoin become double in profit and triple in popularity gradually bitcoin is getting more and more famous so better if you hold it, invest it and make your future brighter, blockchain made bitcoin safer to hold as it is an unshockable wallet and safest way to preserve your bitcoin for long time, I hold my bitcoin and I am very happy as it gives me money and increase income with passage of time.

[mary0919]

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 !

I should choose bitcoin this is because it is not so hard to earn bitcoin. There are many reputable business to join that really pays bitcoins. Like by joining some campaigns in this forum if we really have to give our best with our time and effort yeah very possible we can earn a lot of bitcoins.

[_noname_]

The inspiration driving why I picked bitcoin is in light of the fact that it is recommended to me by my relatives. By that, I understand that bitcoin is real and can be trusted. I was bolstered by them since I have seen that they ended up viable with the help of bitcoin. Basically, I picked bitcoin in light of effect and bitcoin as of late exhibited that it can really be important and strong in spite of the way that the cost is shaky and strange, I lean toward bitcoin for whole deal wander which I accept is valuable to energetic bitcoin customers like me.

[readygoaw]

Bitcoin will never disappear. It is almost can be named high-grade currency. Billions of dollars invested in Bitcoin already. Those people who have made such investments are in a row of richest people of the world.

[Qunetick]

it is no doubt that the bitcoin has a really bright future and it has the potential to become something that is either rare to find or used so much in our lives and it only makes sense that we today struggle to save and invest in bitcoin in order to find ourselves rich when that happens.

Bitcoin is really the most amazing and trusted coin on crypto currency feild and everything in crypto is depending on it. So then we must choice bitcoin for good. I believe bitcoin will really rise someday. We just need to have patience today because it's price is almost stable it change a little but it doesn't effect the trust and the good feedback of the bitcoin.

[Elviragreg]

I choose bitcoin because it is the most trustef coin and the father of all crypto currency.
Have a strong support in the community and many well know investors are into this.

[kobratuz]

There are lot of facilities that bitcoin give us. such as
Quick transactions, low charges, high price etc. For that reasons I choose bitcoin

[nur rochid]

Unexpected ways like a sudden increase in bitcoin price can be a good thing. And I would say currently this only happen with bitcoin, or most probably to happen with bitcoin, with fiat it happens very rarely. That is a good reason to choose bitcoin instead of another currencies.

unexpected price increases due to bitcoin based on the law of demand and supply, so as demand increases significantly then price also rises significantly. besides that bitcoin is a new breakthrough of digital currency

[cross_over100]

Bitcoin is the king of all digital currency because it has good benefits for all users like you can use it to pay some bills with less charges and fast transaction And it has the higher value of all coins in crypto currency .

[genocide]

Peer to Peer
When you send bitcoins to someone else, there is no required involvement from a payment processor. This means the fee for each transaction is very small -- from zero to negligible.
Being peer to peer also means that there's no central entity controlling the network. There's no need to trust or receive permission from any specific person or organization to participate in the Bitcoin network. For this reason, Bitcoin is global and resilient to problems that have plagued traditional currencies.
 
Effortless online payments
In many cases, using bitcoin is the easiest and quickest way to make a payment on the internet. When making a donation, or buying a digital item that doesn't require shipping, Bitcoin doesn't require any personal information. The merchant doesn't need any information, because they aren't charging you (like a credit card), rather you are sending them the payment (like cash). Learn more.
 
Reduced risk for merchants
Accepting traditional credit card payments is not only expensive for merchants, it also leaves them open to fraudulent payment reversals and chargebacks. Since Bitcoin payments are not reversible, once a merchant has received payment, they can be sure that the payment will not be cancelled fraudulently. If a merchant doesn't have access to traditional credit card or payment networks, Bitcoin enables them access to the global economy instantly, and with negligible fees.

Coinbase’s merchant tools make it easy to start accepting Bitcoin payments.
 
Complete control over your money
Bitcoin enables the freedom to store and control your money in an unprecedented manner. Free from restrictions, penalties and fees commonly imposed by banks, you are empowered to make decisions about your finances that were previously the domain of financial institutions and governments.

Bitcoin enables you to take personal responsibility for your savings. Money without the need to trust a third party is something Bitcoin enables that has never existed before. Trusting third parties isn't necessarily bad, but having the option is important. Coinbase also offers the opportunity to be in complete control of your funds with our true multi-signature vault accounts.
 
As an investment
Note: Coinbase does not provide financial advice. Whether or not to invest in bitcoin is something everyone must decide for themselves. Common advice is not to invest more than you can afford to lose.

In its short life and as of this writing, the value of a bitcoin has been measured at everything from less than one penny, to over a thousand US Dollars. It is clearly a risky investment, with the possibility of significant financial gain for some, but not all.

Many compare the Bitcoin network at its current stage of development to the internet 20 years ago. There are still many questions about how it will be used, and about the scale of its impact as the network matures. Bitcoin is considered a store of value like gold, but it can also serve as a method of transferring funds internationally. The future value of a bitcoin will depend on what role(s) the Bitcoin network assumes over time in the global economy.
 
Be part of a movement, and a community
Bitcoin is exciting, and bitcoin users are interesting people! Whether you want to use bitcoins to buy something online, accept Bitcoin payments for your business, or even develop your own software on top of the Bitcoin network, there's a vibrant community of motivated people that would love to help you. Since Bitcoin is such a new concept, there are many new applications and use cases that have yet to be realized.
 
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