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Author Topic: Another Good Reason to Own Some BTC  (Read 5009 times)
Fatunad
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July 06, 2017, 09:00:27 AM
 #41

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
This is really an advantage when bitcoin is already been accepted mostly on many countries which we dont really have a problem when we do travel even though we dont have cash on our pockets as long we do have our online wallet or any other wallet that do contain bitcoin would already do since we can cash-out anytime and anywhere we want.

R


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July 06, 2017, 09:36:50 AM
 #42

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
Many people think that if you have cash, gold or treasures in your hand, it is better to own a bitcoin. When to go somewhere if need money to sell can sell immediately to have cash consumption. Bitcoin also does that but it's better because when you own bitcoin its value can rise higher than it originally was.
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July 06, 2017, 10:09:43 AM
 #43

it's a lovely stuff and I believe it will continue to be so. God bless Satoshi Nakamoto for this wonderful innovation.
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July 06, 2017, 10:11:25 AM
 #44

I really like the aspect that you can take the bitcoins anywhere on a USB, or just send them online.. Thats prettymuch what made me interested in BTC
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July 06, 2017, 10:30:27 AM
 #45

There are multiple good qualities owned by bitcoin technology. In which, the best one, we can take and transfer bitcoins to anywhere in anytime.

 
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July 06, 2017, 11:14:16 AM
 #46

With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
But,the transaction fee is now getting reduced from last week and also transactions are confirmed quickly with even very low fee.Spammers have started leaving the network who were responsible for delay of confirmation of transactions.Now,we could expect the same lower fee which we earlier paid.
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July 06, 2017, 11:19:31 AM
 #47

At the begininig people wanted to have some Bitcoins because that was something new and different and also the alternative to traditional finances so Bitcoin owners were cool.
Today is a bit different and more and more people are having coins, most of them because of the value and because they think they will be rich one day.

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July 06, 2017, 11:39:55 AM
 #48

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

Well, yes it can be helpful this way. But what if you lost your device that holds your bitcoin? So yes, sort of the same problem. Cheesy

But yes it is better in a sense that you can hold a single bitcoin wallet on multiple devices, hence you can still have access to your wallet if you lost one device.

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July 06, 2017, 11:45:14 AM
 #49

There are many advantages of owning bitcoins like this one, however still many of the people are not aware of its advantages yet. Online wallets are not that safe like offline wallets but are very useful in these type of scenarios.
Yeah there are many advantages if you have own some btc. You can be rich if you have lot of it. You can spend it in some stores that accepting the bitcoin as daily payment.
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July 06, 2017, 11:48:16 AM
 #50

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.
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July 06, 2017, 11:52:37 AM
 #51

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.

You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.
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July 06, 2017, 11:54:47 AM
 #52

If you did lose your wallet and even your phone although you have an online wallet which might carry some emergency funds if you are security conscious you will no doubt have 2FA setup via an app on your phone which would cause an issue when trying to access your wallet as you have lost your phone.

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July 06, 2017, 11:55:16 AM
 #53

indeed sometimes bitcoin can solved the problem just like OP says and one of the advantages having bitcoin instead of cash is you do not need big pocket to save your bitcoin although there are some issue such as the fees or the speed of transaction but in the future maybe people more likely to use bitcoin rather than use paper money

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July 06, 2017, 12:10:04 PM
 #54

With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.

Nobody has bills with a value of 5$ to pay. In the opposite if you have a 100$ bill to pay and you're currently travelling you don't care to pay let's say a $2 fees. At least for me. Not to say you can pay lower than that


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July 06, 2017, 12:15:32 PM
 #55

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us. 

Here is a case for having an online wallet, "travels anywhere".

I watched a vlog before where the guy can't use his very own debit card just because he's in a different country. He's already back in our country before the bank has contacted him and they said that it was a suspicious transaction because it's coming from a different place than usual. Oh well, if he wasn't with his family, he would've died of hunger there. The banks should have a partnership with the airlines so they know which country the person is currently in.

In bitcoin, this will not happen to you. You simply have to look for a guy that buys bitcoin and there's plenty of them apparently. Go to localbitcoins and look for people. You can also do a transaction in the bank so you can have the money checked if it's legit.

I don't understand why the people here are arguing that you can't use bitcoin to pay for anything. That's true but you simply have to exchange your bitcoin to the local currency. When you try and travel with US dollars, which is the most known fiat currency, you can't also buy anything from a foreign country. You also have to exchange your dollar to local currency first.
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July 06, 2017, 12:21:00 PM
 #56

You can easily carry your bitcoins in your mobile, with a simple BITCOIN WALLET app. No interference of any bank or external machines, it's all under your control, in your smartphone.
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July 06, 2017, 12:21:59 PM
 #57

there are many other good reasons to own BTC. I can make bitcoin payments, also can do the transactions within few minutes at minor fees. And, the most important, easily can shop with the Bitcoin anywhere in the world.
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July 06, 2017, 12:36:53 PM
 #58

The only reason that i know that is very important for me is to earn a lot of money or be rich with bitcoin. If you will have some bitcoins in your investment portfolio then after at least 10-15 years you can encash it to purchase the necessary things or to buy your dream items like house, cars and different things that we don't expect that we can buy.
zekeshawn
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July 06, 2017, 12:48:58 PM
 #59

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.

You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.

I agree, is just a matter of time and all of the establishment will use bitcoin as a payment method and we bitcoin holder have the advantage of those people who doesn't believe bitcoin. Let's just wait for that time to come.
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July 06, 2017, 12:59:36 PM
 #60

...

If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.

You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.

I agree, is just a matter of time and all of the establishment will use bitcoin as a payment method and we bitcoin holder have the advantage of those people who doesn't believe bitcoin. Let's just wait for that time to come.
Correct that we have a huge advantage to them in many aspect, and i know that time will comes to bitcoin all country will adopt bitcoin and it will be one of the options by more people to used in terms of buying items in different stores online or offline.
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