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Author Topic: Another Good Reason to Own Some BTC  (Read 5006 times)
Xester
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July 15, 2017, 10:36:15 AM
 #121

That is for sure.  One of the best feature of bitcoin is we can actually convert it into money.  But it would be much better if the country that you will going to travel do have bitcoin atm.  Anyways it would not be hard if you have bitcoins and wallet and another wallet so you could just transfer the bitcoin that you have.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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July 15, 2017, 10:48:48 AM
 #122

That is for sure.  One of the best feature of bitcoin is we can actually convert it into money.  But it would be much better if the country that you will going to travel do have bitcoin atm.  Anyways it would not be hard if you have bitcoins and wallet and another wallet so you could just transfer the bitcoin that you have.
i agree with you this is the main feature to exchange bitcoin to money thats why every one use bircoin and work in bitcoin. as your opinion for ATM its the best idea ATM can solve the all problem in bitcoin.

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July 15, 2017, 10:53:27 AM
 #123

...

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".
It is a big advantage for people who have used bitcoin and have bitcoin to keep their own, but not everyone recognizes the advantages, they still suspect wallets online that it is unsafe and unreliable.
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July 27, 2017, 01:23:14 AM
 #124

...

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".

You said that “Here is a case for having an online wallet, travels anywhere”. This is definitely the first thing I am thinking when I first read about this topic. This is the first thing that comes to my mind because I am the type of person that loves to travel. But of course it not that safe in online wallet compare to offline wallet. Another reason for me is that if I own btc I own a money. A money I called mine because I earned by doing bitcoin. It wiil be my investment, my saving as well. I can use it in emergencies and some of my needs.

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July 27, 2017, 01:27:38 AM
 #125

...

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".

You said that “Here is a case for having an online wallet, travels anywhere”. This is definitely the first thing I am thinking when I first read about this topic. This is the first thing that comes to my mind because I am the type of person that loves to travel. But of course it not that safe in online wallet compare to offline wallet. Another reason for me is that if I own btc I own a money. A money I called mine because I earned by doing bitcoin. It wiil be my investment, my saving as well. I can use it in emergencies and some of my needs.
well good point that you can bring your bitcoin when you are travelling the only negative side was if you are in the place where bitcoin is not yet been introduce, glad that here in my country we do have alternate ways as the carrier of our online wallet have this features that we can withdraw our btc
to our local fiat in many ways.
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July 27, 2017, 01:31:12 AM
 #126

Having power to beat government in terms of tax and taxability.
Non-controlled assets.
Very free to send money to all people around the world.
Profit opportunity, its price going up continuously.

These are the reasons why I hold it.
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July 27, 2017, 01:35:10 AM
 #127

The mere fact that there are only a few active countries which has an active bitcoin economic scene makes me want to save more cash if in case I would ever want to travel. Or I can use my debit cards and load them up with bitcoins if in case I get lost and no cash on hand. That would be more promising.

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qwertyup23
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July 27, 2017, 02:24:28 AM
 #128

...

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".

You said that “Here is a case for having an online wallet, travels anywhere”. This is definitely the first thing I am thinking when I first read about this topic. This is the first thing that comes to my mind because I am the type of person that loves to travel. But of course it not that safe in online wallet compare to offline wallet. Another reason for me is that if I own btc I own a money. A money I called mine because I earned by doing bitcoin. It wiil be my investment, my saving as well. I can use it in emergencies and some of my needs.
well good point that you can bring your bitcoin when you are travelling the only negative side was if you are in the place where bitcoin is not yet been introduce, glad that here in my country we do have alternate ways as the carrier of our online wallet have this features that we can withdraw our btc
to our local fiat in many ways.

I'm also thankful that in my country, some retailers accept bitcoin as a payment and we have this website that lets you convert your bitcoin to fiat for emergency cash. But the real idea behind earning bitcoin is you just keep it until the price increases over time. Last January 2017, bitcoin prices are around $1000 and right now it's more than $2000. You just keep your bitcoin because I also believe that by the end of the year, it might reach $4000+. There is no reason for you to spend your bitcoin other than an emergency situation.

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DevilSlayer
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July 27, 2017, 04:07:30 AM
 #129

...

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".
The advantage of bitcoin is its is volatile, it means that the value is suddenly changes and there is possibility that the price of the bitcoin will double up or even triple up in the near future. We can be rich by holding bitcoins.
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July 27, 2017, 04:14:02 AM
 #130

Bitcoin for me as a long term investment. I can earn money from bitcoin by just storing it. I agree with what you say. The convenience of bitcoin that can replace payments using bitcoins. I am just like you. Buy something using bitcoin. Easier transactions with lower fees. And we can tell the whole world. I like with bitcoin .. i can do anything with it.
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July 27, 2017, 04:16:33 AM
 #131

...

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".
Yes, bitcoin storage is also very necessary. But if you rely on your example, then what if you get stuck in countries that do not accept bitcoin? Can not pay online?

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July 27, 2017, 04:22:13 AM
 #132

There are numerous reason to own some bitcoin one of them is bitcoin's price is going upwards. If you got early btc as possible is the better because you might end up being rich. Also bitcoin can be exchange to many things and many coins. Too thus with this you can have a variety of things to do with your bitcoin.
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July 27, 2017, 04:41:46 AM
 #133

...

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 a big idea , and this is not new but it is type of understanding of you don't have money . Actually I am from India and was traveling for the another state ( Gujarat ) but in the train I got cheated by theif and stop my money and have nothing in my pocket .
But when I exited from the railways station then I have no money but I went in a cafe and opened my block chain account and searched also for a bitcoin user and successfully got a person in 20km far , and finally I got him to through Facebook and made sell my coin ( since at low rate ) but was a really big moment in my life at that condition , so I think with Bitcoin not only in the own country but from country to country travel is easy without much tension because we have the support of the Bitcoin network to use in the whole world .

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July 27, 2017, 06:34:07 AM
Merited by kukurikapu (2)
 #134

...

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".
Having a bitcoin is a privelege , if we had a bitcoin we already have the curency for the future . And bitcoin for more more years will be likely to increaae its value more.
Definitely, bitcoin before is cheap like $5 but since the demand get high the producers imcrease the value as well as the amount. Fortunate enough , if you keep bitcoin before probably you're already a millionaire nowadays.
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July 27, 2017, 08:40:25 AM
 #135

since some exchanges has offered physical atm for using it, it could be plus advantages when u going travelling to some place without bring some cash.
i would love to when bitcoins would be accepting worldwide soon, included at railways station, bus station, cafe, and others.
it makes all easier.
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July 27, 2017, 08:54:53 AM
 #136

Its good to hold bitcoin simply because it multiply your money, create unlimited income for you and makes your life more convenient specially here in my country i can use bitcoin in many facilities and also convert it into fiat without any hassle.
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July 27, 2017, 10:44:22 AM
 #137

It is a reasonable excuse to have bitcoin but the problem is that there are still few countries that have legalized bitcoin, even though you have bitcoin may be you will difficult to find a place to sell it because only a little bitcoin exchange have their own office.

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July 27, 2017, 11:39:25 AM
 #138

Bitcoin for me as a long term investment. I can earn money from bitcoin by just storing it. I agree with what you say. The convenience of bitcoin that can replace payments using bitcoins. I am just like you. Buy something using bitcoin. Easier transactions with lower fees. And we can tell the whole world. I like with bitcoin .. i can do anything with it.
yes long term investment is really good. as there is always low risk  of losing money. i think those people who have good experience in short term investment then they can also make profit form short term investment but i think for most of the people long term investment is best option.
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July 27, 2017, 11:50:36 AM
 #139

When traveling, the best and most secured way is to make sure enough cash is with you. Local cash, I mean. When your traveling brings you to places that are not that developed, even money exchangers are hard to find. Debit and credit cards may also prove to be futile in some areas. How much more for bitcoin?
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July 27, 2017, 11:57:13 AM
 #140

When traveling, the best and most secured way is to make sure enough cash is with you. Local cash, I mean. When your traveling brings you to places that are not that developed, even money exchangers are hard to find. Debit and credit cards may also prove to be futile in some areas. How much more for bitcoin?

Yes i agree with you actualy almost all around the world already have a bitcoin holder and some is bitcoin atm but still this is not enough specialy when you go to a some remote areas with out a wifi internet or electricity this is you problem even when you are in some cuties that a lot of people dont know about bitcoin you are in trouble also maybe a few years from now when more and more people using bitcoin its worth it.

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