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Author Topic: Another Good Reason to Own Some BTC  (Read 5010 times)
Gintama214
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July 06, 2017, 01:06:31 PM
 #61

...

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 true, there are many advantages on having an bitcoin. As you said you can use your bitcoin when you lose your money if you are travelling or if you are just in your city and you forget your wallet and you need to buy something really bad. Bitcoin makes our life convenient especially the market price is high and we can buy more or save it for the future. I hope that sooner or later bitcoin will get accepted as a mainstream payment because more and more people are looking ahead of this and when this will happen it would be a big news to us and this also will make bitcoin advertise to other big companies all around the world and the era of bitcoin will begin.  Smiley
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July 06, 2017, 02:01:02 PM
 #62

This thing is a good idea. This is how bitcoin works and help people especially who are in need or in times of need. Actually every where you go you can access bitcoin thru internet like online wallet example is when you are in philippines you can access their local wallets, get money from you online wallet then send it to the address that the local wallet gives then convert it to fiat money which you can now able to spend it. But it is when you use online wallet at all but in some other ways i do not know how.
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July 06, 2017, 02:13:26 PM
 #63

This is a very good possibility, but it still creates problems for users. I think that will ever be possible to create a multi-currency Bank cards that work all over the world and translate bitcoins will be straight from the e-wallet.
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July 06, 2017, 04:26:11 PM
 #64

The usage of bitcoins is increasing rapidly all over the world, its market is becoming more positive and the price has become more stable.
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July 06, 2017, 04:28:42 PM
 #65

...

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.

Exactly, bitcoin can resolve this kind of problem but I guess you can use it if you are using an online wallet right? So as long you have your address then no worry at all you can have your money and solve your problem. Because even if the country is not using bitcoin you can convert it in fiat. No need to carry any card or cash, just need to have the wallet online and you can have cash always, anywhere and everywhere.

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July 06, 2017, 04:32:55 PM
 #66

...

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".
As I know you pay bills through online banking and if you loose your card the first thing you have to do is to block your bill. So, you can't pay your costs with bitcoins, if only the place does accept bitcoins directy.
If you lost your card, you need immediately contact your bank to block card, not bill.
Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place

Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.

Blockchain.info don't give control of private keys.

blockchain.info give you a 12 word mnemonic phrase that you can use to restore your HD wallet on a hardware wallet or PC. This is the private key that blockchain.info give to the users.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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July 06, 2017, 05:34:50 PM
 #67

The usage of bitcoins is increasing rapidly all over the world, its market is becoming more positive and the price has become more stable.
more stable in terms of support as we seen previously that new ath ranging 2k$ - 2.8K and reach 3k but made a correction right away so with this
resistance we will expect more positive movement in coming years, bitcoin with its unique investment  platform will bring big profits in returned
we can be sure of that.
Yuuto
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July 07, 2017, 01:17:04 AM
 #68

...

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".

That's the beauty of bitcoin. With fiat currencies you are somewhat restricted by countries borders because a lot of countries do have extremely strict border control and it is pretty much impossible to carry around $50,000 or more in cash unnoticed. But with bitcoin, you can carry it anywhere you like in the world because nobody can detect it, and it proves to be extremely helpful if there was ever a need arising from an emergency for some cash, for example losing your traveller's cheques or your credit card.

Though the US is actively trying to get a new bill passed in Senate to restrict people from travelling with over $10,000 in cryptos. Even if this passes, though which it probably won't, it would be impossible for border security to enforce this law.
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July 07, 2017, 01:47:11 AM
 #69

Bitcoin is very useful in case of emergency, we can buy something around the world, that bitcoin is accepted as means of payment.

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July 07, 2017, 01:48:05 AM
 #70

Actually there are many reasons to have BTC. But very important reasons I am going to mention below -

1. Bitcoin is the biggest invention of this century
2. Bitcoin is decentralized, Open source, Secure and Transparent

I think these two reason are sufficient to have BTC. But still price matter. Day By Day price of Bitcoins increasing exponentially. This can also be good reason as Investment.
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July 07, 2017, 03:11:35 AM
 #71

...

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".
In countries that do not have bitcoin, there is no way you can use bitcoin to pay for them unless you change bitcoin to fiat and pay for the services you use.
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July 07, 2017, 03:23:17 AM
 #72

...

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".
In countries that do not have bitcoin, there is no way you can use bitcoin to pay for them unless you change bitcoin to fiat and pay for the services you use.

and that is what OP is saying! the bold part!
and almost all the countries have some people buying and selling bitcoin, at the very least you can go on a website like localbitcoins and sell your coins there.
or you can even go and sell your bitcoins to any internet currency such as paypal, perfectmoney,... and then sell those to local currency if you couldn't find a place to sell bitcoin directly.

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July 07, 2017, 05:06:56 AM
 #73

...

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".

When you hold bitcoin you don't actually hold anything. All you need to do is remember your wallet identifier and your password(in blockchain.info's case) and you're set to travel anywhere in the world cardless, cashless.

It is probbaly still more convenient in most countries to use their native currency than to use bitcoin directly to buy goods, though. So i would say that until bitcoin achieves mass adoption, people should try to still get their hands on a bit of local currency just for the sake of convenience.

The usages of bitcoin is only limited by your imagination Smiley
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July 07, 2017, 05:25:40 AM
 #74

Everyone knows that bitcoin is a digital money so we can use it anywhere, if we are agree to accept BTC by means of payment, in that way we can help our family to have simple life in easiest way, it because BTC is easy to transfer in to defferent places in this world so we can help our family even we are in abroad.

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July 07, 2017, 05:55:25 AM
 #75

Everyone knows that bitcoin is a digital money so we can use it anywhere, if we are agree to accept BTC by means of payment, in that way we can help our family to have simple life in easiest way, it because BTC is easy to transfer in to defferent places in this world so we can help our family even we are in abroad.
Another good reason to own some btc is easy to access the btc anywhere. It really can use anywhere as these days bitcoin is being use globally but hoping this to accept soonest were we can use bitcoin to buy goods and services in the future.
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July 07, 2017, 06:13:05 AM
 #76

Yes that's true. But it also depends on the places you are traveling. If you are into some trekking adventures, some off-places, places that are quite different from city-life, then some local fiat is really necessary.

I am one kind of adventurous man. Mountains, falls, and other natural wonders amaze me. I might not give my all to bitcoin when travelling to these places.
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July 07, 2017, 07:58:40 AM
 #77

...

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".

True. Or to be honest you can probably travel just on bitcoin right now. Credit cards charge way too much for fees overseas and the conversion fees are extremely high compared to interbank rates as well. When using bitcoin you might actually get some discounts due to the fact that many countries have strict capital control especially in Asia(Korea, China, etc. you get the picture).

Wouldn't that be quite fun? I mean, it just ultimately shows how useful bitcoin is especially when you're overseas, because bitcoin is an international currency, much like preciosu metals. It's not owned by any state.

Smiley
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July 07, 2017, 08:04:06 AM
 #78

Having some BTC is a good thing because the future money is in your hands. Anyway i think in the future bitcoin will still increase its price and eventually it will become more popular, thus having it now and saving it for the future is a good reason. THats why lets continue to support bitcoin.
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July 07, 2017, 08:06:19 AM
 #79

According to my online wallet I have. Can only be used for widraw at local bank. If I travel outside the country. Maybe I will have trouble with paying bills. I think before you travel outside the country you can widraw first bitcoin you have so you have enough money to pay bills
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July 07, 2017, 08:25:20 AM
 #80

I am earning bitcoins by doing signature campaign, my skill work tasks for bitcoin and participating in social media bounty and other giveaways by the Altcoins, though this way i am earning bitcoins and some i convert to fiat currency to expense it and balance i keep for future support.
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