What does Bitcoin protects people from ??

[crazy-pilot]

In my opinion, bitcoin protects us from the social division. When you invest, you become equal to everyone in the market. And if you keep 100$ in a book for a good moment, you'll lose the world of the economy. Because in each country banknotes are valued differently.

[minldem]

In corrupted and fluctuated economies, bitcoin still looks like a better way to invest.

[SixOfFive]

Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority.  So it eliminates the intermediaries.

[First77]

Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority.  So it eliminates the intermediaries.

Bitcoin creator "Satoshi" who has some 6 million Bitcoins is worth some $35,000,000,000. Satoshi is getting all the money just like banks.

[phelbaby]

Bitcoinfor me protect people from misusing there funds instead they channel it  to investment. Bitcoin protects us from a life time poverty.

[cyriljundos]

for me the bitcoin protects people like investors and holders because it's a business but it's a long term we just need long patience

[BagzMM]

Well, in my opinion it protects people from its own animosity. We know that bitcoin has its own privacy in terms of everyone's identification. It protects from being controlled by corrupt government.   

[Suguha]

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??  

For me bitcoin protects people from the hackers and scammers and people who are untrusted because nowadays, poeple don't want to invest in banks because there js a lot of efforts you need to have a good and reliable bank and to grow your money, bicoin lessen the efforts and your money will grow and the result is unexpected because it may be doubled or tripled the price that you invest.

[microwave]

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??  

Actually Bitcoin is good for all the people but this is same as the sales of company if there is a volume of sales of course huge profit are in but it fails the target within the month of course they suffered the low income. like bitcoin there so many times that people are happy and enjoy the profit they got during the situation of price are really good. but for the time when the price are changed into lower price they felt disappointed I hope that people are accepting the reality. We are totally plying the volatility of bitcoin we have nothing to do this is the product of new technology.

[joshy23]

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??  

For me bitcoin protects people from the hackers and scammers and people who are untrusted because nowadays, poeple don't want to invest in banks because there js a lot of efforts you need to have a good and reliable bank and to grow your money, bicoin lessen the efforts and your money will grow and the result is unexpected because it may be doubled or tripled the price that you invest.

The first part of your statement is not relevant, bitcoin attracts scammers and hackers especially if they've seen what inside your wallet, though the system allow anonymity but given by the facts that hackers will do everything to try emptying your pocket, but those last part are for real bitcoin as
formed of investment allow us to save our money with a lots of potentials to grow far higher than any banks can offer.

[littlePig]

Actually, BTC dont protect people from anything, it's just a new technology which gives people improvements that make human life more convenient

[sitnibtc]

that's highly unlikely to have an outage of internet all over the world though.bitcoin does give you anonymity. we can say it protects people giving away their identity

[julielyn]

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??  

In the opinion that bitcoin protects people from lacking identity, they give us a password bitcoin long such as a private key so your btc does not steal the evil that I think is why bitcoin protects our identity.

[karagun125]

In my own idea, bitcoin can save some unemployed people from poverty.

[First77]

Mastercard to start anonymous transactions on blockchain

Mastercard won a patent for anonymous transactions based on Blockchain. The new Mastercard patent describes a system that facilitates anonymous transactions through a block system. According to Mastercard, the transparent nature of transactions with blocking is an obstacle to adopting this technology for daily payments. Personally for here there will be no transparency. On the contrary, "you are in the rhythm of dance - you do not have to go anywhere" Mastercard actively cooperates with the states. Now the entire transaction will remain in life in the blockchain.

https://www.ccn.com

[rasp]

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??  

The main advantage is that bitcoin protects you from intrusion into your personal life.
There are absolutely no restrictions (maybe except for the speed of transactions) on how you can spend your coins.
It protects your personality and anonymity and that's why bitcoin is becoming even more popular.

[BelieveInBTC]

Bitcoin is going to protect us from banks taking over the monetary system. More and more people trust banks and ignore their disadvantages. I personally stopped trusting banks after I discovered cryptocurrencies. However, Bitcoin does not protect people from their own stupidity. There will be scams and thefts related to cryptocurrencies and we can't avoid that.

[Beck09]

Bitcoin is a currency. And by definition is a store of value.

Its subject to theft when not properly stored like any money.

Unless the internet no long exist, no threat is absolute.

Lastly, it protects from poverty

[LodisMcguire]

First of all,you can avoid third party tax like from banks and government.It can protect you from inflation despite the volatile price and you can manage your own money.You can track your transaction openly without manipulation.

[kwabeedat]

As a commodity, what does Bitcoin price show or protects people from ??  

I don't know why you're classifying Bitcoin as a commodity but one thing we must know is that Bitcoin has a store of value such as Gold, Diamond, etc (anyways that's how I consider my BTCs). You can really get a lot value from BTC if you hold for long-term.