Why do we really need Bitcoin?

[valentine401]

We don't really need BTC. I hate when I see people trying to convince others to sell everything they have to buy BTC, it's disgusting. Bitcoin is a lottery, you shouldn't use the money you need to pay your bills and buy food to bet in the lottery right? Bitcoin is kinda the same thing. People should invest money that in case they lost it wouldn't be a big deal you know? It's a long-term investment, however, it's a bet. You can win a lot or you can lose a lot too. Are you brave enough to deal with this risk?

You explain it on a literal way. You are right that we do need need cryptocurrency in our life but it happens that bitcoins is the easiest way for us to earn more money through exchanging it to fiat or working on bounty campaigns to earn altcoins and in this way we can depend on bitcoins to become wealthy in the future.

[Asusnumbaone]

You were asking why we need this crypto currency? Why don't you ask first why are you here in the community? For the income or profit right? We need bitcoin because it is our secondary source of income and it has the potential to be the world use digital  currency. Bitcoin has that potential and it gives us the privileges to become part of it. We the users of the bitcoin are the reason why the bitcoins price rise up then rise down. Bitcoin can't exist without us but without bitcoin, most of us here in the community will loss our source of income.

[Shakiramae]

Bitcoin is essential for ordinary users like us because it provides benefits that others cant.Bitcoin is sure user friendly,because its easy to use and you can learn more about its history.Next is bitcoin gives financial aid relevant with what you can give back.Its a win-win situation.

[Hmei777]

because bitcoin as a livelihood to meet economic needs, because bitcoin is very helpful to all of us, and also some make bitcoin their only livelihood.
just bitcoin really helps our financial problems.

[abhishek_bittu]

to the best of my understanding it's a somewhat arbitrary process but it's used to validate the transactions.  the transaction needs to be added to the ledger and everyone needs to accept it as legitimate.  bitcoins are added to the pool of currency and will continue to be added up until a set point when it will stop.  the mining of bitcoins is increasingly difficult simply to make it harder and harder for people to do it.  but this process must be done to generate them.  each transaction comes with a small fee which gets paid to those who mine the bitcoins. in this way there's an incentive to do the mining but it's sort of a meaningless computation.   I know this answer isn't entirely accurate but that's the best I can understand. 

[Matimtim]

Recently, more and more I have been interested in the question of why Bitcoin was created. Who created it and for what purposes. After all, clearly there are people who control bitokoyn, well, that is - own a very significant amount Bitkoyn. Maybe it's just a new currency to replace the dollar only in electronic form. Until now, nothing is known about the creators of Bitokin. Why we need crypto-currencies, if on the idea you can use the same transfers of money cherz different banks. What happens if bitcoin collapses? Do not judge me strictly, it's just that these thoughts have visited me more and more often lately.

As a human we need money right? because money is one of the element of life here in this world to survive so, we also need bitcoin as digital form of money that gives as highest possibility to become a rich man someday.

Your question is what happen if bitcoin collapses? For me if bitcoin collapses just like what you mean, bitcoin will rise again so, there is no reason to worry. Bitcoin is world wide currency that`s why no one can shutdown the system of bitcoin so, there is no reason to worry about that.

[Gabrieelle]

It is because of many benfits you can have when you are using bitcoin. Like it is easy to transfer, it can be exchanged by other  currencies in a simple way, it cannot be limited by the region or government and many other main features of it...

You're right, bitcoin has a lot of advantages and to those people who don't have enough knowledge about bitcoin they don't understand why we really need bitcoin. We are living in the world where you can see technologies everywhere and bitcoin is one of those new technology. The only thing about bitcoin it is a great investment and source of income to many people.

[Wish 107.5]

We need Bitcoin as it is working as a form of currency. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around bitcoin. People have made fortunes off bitcoin.

Well, there are many reasons why we need Bitcoin. One of these reason is the help that Bitcoin can give to everyone. Especially for those people who are unemployed and who are not graduated with a degree.

[jazmuzika217]

I think the main purpose of bitcoin is to fasten the transaction and to be anonymous. Aside of being decentralized, I think the developer of bitcoin thinks that the banks are just giving us headaches. It is natural to a person not being contented on what he have. Yes admit it. The bank transaction is fast but were not contented. And we seek for faster transaction that can beat the banks. I think we are just not fully developed and the bitcoin is not yet fully utilized by us. I wouldnt be surprise if we develop another major technology soon.

[Jose Rizal]

Usually things appear because there is a need,  because there is a demand,  people have ideas and create things because they see something is missing and such a certain product or service appears.
That's why it appeared and that's why we need it and that's why people use it.

Indeed. For a simple fact that people together with the economy do really need some innovation when it comes to currency to obtain success. In a simple way of saying, we need Bitcoin existence because of its purpose that was depending on us users who have been into this kind of cryptocurrency. Actually, it is not intended to be stated that it is really a need, instead it was just brought by encouragement why people thinks they need Bitcoin in their life because of the benefits it can give and provide.

[harbin55]

We need bitcoin because bitcoin is so in demand now and also bitcoin offers a big opportunity for us, we all know that the bitcoin is one of the fastest growing cryptocurrency in the whole cyber world thats why it you have a bitcoin you can earn a lot of money each day, earning bitcoin is a good start for us to invest and to earn a passive income from bitcoin every day.

[icanscript]

The best thing about bitcoin is decentralization. You can make international transactions without suffering from a difference in exchange rates and without paying additional fees. Bitcoin is free from any interference and manipulation. Bitcoin is our future.

[Xavieroz]

bitcoin and other cryptocurrencies responds to different factors: the regulatory issue, mainly in countries like South Korea and China where governments investigate exchange houses because of the high volume of trading operations in bitcoin and other cryptocurrencies, the announcement of principles of year of the technology giant, Microsoft, in which it reported that it stopped accepting payments in bitcoins and that it was later reversed. Still can not know what would happen if the currency collapses, but I think many will enter into crisis, especially by the exaggerated amounts of investment.

[harbin55]

 We need bitcoin in order to start some innovation in our system. Through the help of bitcoin everything will be easier for us and more convenient as well.

[kodtycoon]

Everyone has their own opinion, I agree is above has been replied that bitcoin is created with various bank conflicts that are difficult to access in certain countries. Adequate interest and financial limitations result in no good banks in the country even high taxes undermine the savings of customers, in contrast to developed countries where 80% of people use bank services with cheap taxes. I approve bitcoin exists because it covers the extent the performance of this currency, even now with high value bitcoin is an asset for everyone.

[Fantastic33]

I think bitcoin was created to make any transaction fast and easy. Decentralized transaction (peer to peer transaction) make it easy and convinient to anyone to send or recieve money, compared to what is happening now where we need to go to bank or money transfer shop to send or receive money, wherein we also need to pay fees when we do transact. Second reason is that, to maintain the privacy of the receiver or sender. With bitcoin, we dont need to tell our name or any other personal information during transactions, all we need is a btc address. And last is that, to make any transaction transparent. With blockchain technology, transactions are kept on a ledger and is publicized. Theres also no way that those transactions can be falcified.

[Washball]

Bitcoin and cryptocurrencies in general, were developed to have decentralized transactions, so banks and financial institutions can be skipped. Decentralization keeps transactions private and safe. Cryptocurrencies are perfect for online shopping and international transactions.

[tauceramica]

Usually things appear because there is a need,  because there is a demand,  people have ideas and create things because they see something is missing and such a certain product or service appears.
That's why it appeared and that's why we need it and that's why people use it.

Indeed. For a simple fact that people together with the economy do really need some innovation when it comes to currency to obtain success. In a simple way of saying, we need Bitcoin existence because of its purpose that was depending on us users who have been into this kind of cryptocurrency. Actually, it is not intended to be stated that it is really a need, instead it was just brought by encouragement why people thinks they need Bitcoin in their life because of the benefits it can give and provide.

We really need bitcoin since we need this payment system where we can receive money from our friends living abroad. Amazing improvement!

[richminded]

The best thing about bitcoin is decentralization. You can make international transactions without suffering from a difference in exchange rates and without paying additional fees. Bitcoin is free from any interference and manipulation. Bitcoin is our future.

Bitcoin is a great technology that can really give us a brighter future. We need this kind of technology for a faster transaction, for a more secured system and also to generate some profit. Cryptocurrency is a great innovation for us to be more free from a corrupt government. This should be supported and not to be banned, its about time to adopt new kind of technology and bitcoin will lead us in the future.

[Winsdors]

We need Bitcoin to change the world. This world has so many greedy people and they are getting more greedy each day.
If Bitcoin dies that wouldn't be a problem. Bitcoin fulfilled his destiny and that is to change the world forever.