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KennyR
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July 27, 2017, 12:11:41 PM |
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One of my friend was moving abraod for educational purpose. Now he need the cash in the form of the respective country he is moving, so when enquired he was to pay a big commission to the exchanges. I suggested to convert and hold in the form of bitcoin and convert periodically and withdraw the required amount. This will be secure as well the increasing price gives more value to the amount. He's interested and researching what to do.
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Rahar02
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July 27, 2017, 12:23:01 PM |
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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".
In that case, we need more new adopters and maybe some stores owners will join into the community as well. There are some countries which have bitcoin exchanges and people could easily convert their bitcoin into fiat currency used banks account. But for foreigners, you have to visit exchanges office or some places where they accept buy and sell bitcoin, another point is bitcoin ATM to get some cash. |
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btvGainer
Legendary
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Activity: 854
Merit: 1000
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July 27, 2017, 12:30:39 PM |
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One of the reason I love btc is freedom to manage and spend my funds the way I want and that too without anyone keeping an eye on it.Btc is easy to manage and universal.I had lots of difficulties sending funds earlier to the people located in different part of world,but with btc it is easier
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ethereumhunter
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July 27, 2017, 01:13:32 PM |
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the best reason i have until now is i can have my own money from bitcoin so i only need to withdraw my bitcoin into fiat. but i hope in future, i can buy something in my country or when i am travelling into some places, that place is accepting bitcoin so i can use my bitcoin to pay what i am buy. i think it will be interesting for me and i am really curious with this.
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Inkdatar
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July 27, 2017, 01:24:52 PM |
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the best reason i have until now is i can have my own money from bitcoin so i only need to withdraw my bitcoin into fiat. but i hope in future, i can buy something in my country or when i am travelling into some places, that place is accepting bitcoin so i can use my bitcoin to pay what i am buy. i think it will be interesting for me and i am really curious with this.
Thats a good reason to own some btc, for me I like to own some btc because I can use it anytime and anywhere. Easy to use and accessible as long there is internet access. Fast transactions is one of the good reason and also saving bitcoins that may grow our money. |
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smileee
Member
Offline
Activity: 84
Merit: 10
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July 27, 2017, 01:34:57 PM |
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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".
Yes, this is also a good reason to keep bitcoin. I think keeping some bitcoin to own as well as you hold gold. For example, you give a very nice but I wonder if the countries do not accept bitcoin will be like? You will not be able to trade online. |
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Przemax
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July 27, 2017, 04:59:37 PM |
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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.
He was talking about the local bitcoins where people meet with eachother and transact without the interference of a third party. Its always could be some excuse to meet some local people as well. You have one topic to talk in common. Maybe its some nice girl that you were looking for and such. There should be some branding like - Bitcoin - connecting people. Oh wait... its already taken. Im sure you will find out some new cool brandings. |
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Kumarodus
Newbie
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Activity: 39
Merit: 0
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September 13, 2017, 07:18:12 AM |
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I have been holding my bitcoin for the past one year now...I don't plan to sell until bitcoin gets to usd100k. I feel it's a good investment.
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newfix
Newbie
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Activity: 28
Merit: 0
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September 13, 2017, 07:39:10 AM |
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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".
But for doing this you need to have bitcoins in your online wallet, and a offline wallet is better. And i think that a online banking wallet is the same, in this cases |
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bitcoinVPSD
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September 13, 2017, 08:10:32 AM |
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Yes, there are many advantages if you have bitcoin right now. If yes it means you are investing for your future. The future value of bitcin will continue to increase. It is also very safe for the user to use it. And the payment method is also easy and convenient
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kevpantof
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September 21, 2017, 08:08:46 AM |
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I have been holding my bitcoin for the past one year now...I don't plan to sell until bitcoin gets to usd100k. I feel it's a good investment.
Bitcoin is the best investment but I think it is over greediness to wait for bitcoins to become 100k dollars worth, which is definitely not going to happen in at least next decade or two. Death is the most certain thing and yet unpredictable so waiting for that long is not a wise idea, until or unless you pass down them to your descendants. |
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BobbyAdams
Newbie
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Activity: 33
Merit: 0
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September 29, 2017, 03:47:37 AM |
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it's no possibility of a bank collapse. Since coins are not stored with any central bank, it is not possible for a bank run to cause a bank to collapse, as was the case with the sub-prime mortgage problem that hit mainstream banks around the world recently.
So far still true — however, we are seeing a confidence crisis, due to inability to effectively govern the coin, and concern of a hard fork.
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Scorpion
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September 29, 2017, 04:03:08 AM |
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I could actually see a scenario such as this happening, and it's nice because it doesn't even have to be online or on an exchange you could carry $500 or $1,000 on a Bitcoin paper wallet and you can have it encrypted and backed up as well.
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TagaMungkahi
Full Member
Offline
Activity: 364
Merit: 118
Bounty Campaign Manager? --> https://goo.gl/YRVVt3
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September 29, 2017, 05:10:48 AM |
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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 don't think it's possible when the country that you are visiting or travelled to doesn't allow any exchanges, or regulates the exchanges, maybe we can say that it depends if the country really accepts bitcoin payments, but i have a doubt on that Selling BTC part because before you can do that you need to register to a certain bitcoin exchange, verify your id before cashing out which is really impossible to your part because you are just visiting that country. |
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Karpeles
Legendary
Offline
Activity: 1162
Merit: 1000
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September 29, 2017, 05:13:26 AM |
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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 don't think it's possible when the country that you are visiting or travelled to doesn't allow any exchanges, or regulates the exchanges, maybe we can say that it depends if the country really accepts bitcoin payments, but i have a doubt on that Selling BTC part because before you can do that you need to register to a certain bitcoin exchange, verify your id before cashing out which is really impossible to your part because you are just visiting that country. Sell to someone without using an exchange. You may pay a premium, but if it is worth something, then surely someone will be happy to buy it from you. |
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Powerman001
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September 29, 2017, 05:16:02 AM |
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many reasons for what has bitcoin, just bitcoin can be received anywhere in the world and also bitcoin has a high value and we can get it from free way
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hardiyanto
Member
Offline
Activity: 66
Merit: 10
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September 29, 2017, 05:17:36 AM |
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bitcoin is one means of exchange that is greater value than gold. so why we do not have it. really pity.
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fitriyanti
Jr. Member
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Activity: 54
Merit: 10
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September 29, 2017, 05:18:49 AM |
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of course we must have bitcoin. because with bitcoin we can invest long term safe.
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alexanderisora
Member
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Activity: 85
Merit: 11
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September 29, 2017, 05:29:16 AM |
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I believe that 3rd parties that do the mechanical job must not be paid and should be replaced by an algorithm. My faith encourages me to invest in digital currency.
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OROBTC (OP)
Legendary
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Activity: 2912
Merit: 1852
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September 29, 2017, 04:56:33 PM |
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... Re above comments on various countries and situations involving liquidity, yes, of course some countries make it much harder for a traveler to use BTC. But, in some countries BTC is rather liquid. I did not mean that BTC solves all problems, but that if anyone travels extensively, it is yet another reason to have some handy. It is easier in some other countries to BUY Bitcoin than even here in the USA. Another factor worth thinking about. * * *
I could actually see a scenario such as this happening, and it's nice because it doesn't even have to be online or on an exchange you could carry $500 or $1,000 on a Bitcoin paper wallet and you can have it encrypted and backed up as well.
Or even more...  Never know what could come up (or what opportunities might present themselves). |
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