What does Bitcoin protects people from ??

[mojo2208]

I believe that the blocking system on which bitcoin is based is much safer than fiat, or bank keeping of money.

[dimbaba]

bitcoin protects people from the stress of walking around the local banks spending and wasting precious time in waiting for cue just to do a transaction. Bitcoin protects people from intermediaries such as banks and financial institutions which impose enormous costs on financial transactions charges so as to benefit them.

[Bgbolahan]

Bitcoin save your privacy

[F_Ivanov1993_]

Bitcoin does not protect, he shows you more how you can make money and it will be your money and your earnings.

[anitaraymonds]

From the inception Bitcoin was never made to be an investment but rather a decentralized crypto that eliminate control but give the ordinary people the control and reducing poverty at the same time. Bitcoin was just for P2P transaction for payment of goods and services without the interference of a third party. Bitcoin even from whitepaper never mention investment rather a means for P2P that will be centralized. It is the abuse that bitcoin holders that is labeling bitcoin what it is not. The earlier we know the truth the better understanding we will have.

[CCIORACLE]

Bitcoin as all know also serves as a store of value and even to some extent much worth than gold and silver and as properties get burnt so as am sure a a digital currency thing on digital or technology have a lot of manipulation from hackers and fraud. However, bitcoin really protect us from manipulation from government and grant us autonomy of our digital currency.

[First77]

Bitcoin anonymity is for hackers and criminals also. Decentralization means terrorists and criminals can mine bitcoin use for anonymous payments.

[Supremacy1]

Bitcoin protects people from lack of trust and low rate of return when saving money in commercial banks, it is also source of investment, it is can be use for international purchase of goods

[stayeduptolate]

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 ??  

Bitcoin is the most successful and the most popular crypto currency of the era and due to its numerous of advantages bitcoin has made millions of investors around the world who consider bitcoin to be most trustworthy and then the most importantly, bitcoin provides the safest and the most confidential transactions among all the investment and therefore protects its user from being get hacked by hackers or reduces the risk of fraud to zero. Though it has some disadvantages but still very good investment overall.

[Nolimitz84]

Since the cryptocurrency is volatile, the preservation of all its savings in the cryptocurrency is not safe.Cryptocurrency can protect people from theft, inflation in the country of residence,and the tax service

[Parodium]

Have you ever gone to the bank only to find out that you have spent more than you had in your balance, and gone into an unarranged overdraft? Well, that wouldn't happen with Bitcoin. What about taking out a loan and find out that your account has been frozen after you forget to meet a payment deadline? Again, that will never happen with Bitcoin. The major thing that Bitcoin protects is from is abuse by the power that be, e.g. The third party financial institutions and governments that restrict your access to your own money.

[bright4mech]

Bitcoin wallet, has protect many form of gun men attacks
And other physical security free in the world movement, therefore bitcoin has provided free of charge protection in word of cash flow transaction.

[liseff3]

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 ??  

Counterfeiting, because bitcoin is the only transaction tool whose existence is very difficult to fake by anyone. This thing's what makes bitcoin increasingly attractive to investors because he has its own advantages when compared to conventional currencies which are issued by the government.

[[ProTrader]]

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 ??  

Bitcoin is mainly protect the users from inflation. Since its supply is very limited and cannot be duplicate unlike fiat currency it is inflation proof. It is also considered as stored of value like bitcoin where you can keep it and use it in case of emergency.

[adjong]

for me it's a good question for me. because i'm also using bitcoin for me bitcoin protects us from poverty because it is a great help for people who are not working or have not finished studying. it's wise to use it sure you get rich with bitcoin and it will protect you from poverty because it's a digital money

[Daday23]

Bitcoin can protect people from :
1. Money inflation, that's meaning when the price of money of your country go down, your assets is still safe because bitcoin is cryptocurrency.
2. Devaluation, protect you when the goverment make a decision to lowered the price of money of your country.
3. Depresiation this same with devaluation, just because different reason or the goverment.
4. Natural disaster, protect your assets when your place got a natural disaster, because you invest your assets in digital.
5. Crime, protect your assets from s crime activity
Maybe another friends can give you another answer. Thanks

And also bitcoin protect people from snatcher or stealing.Physical money is very easy to get or steal special in crowded place but in bitcoin you can bring all your bitcoin without hasitating it will loost.

[KonstantinosM]

Civil forfeiture.

Also known as theft by cop, it is when a police officer seizes your money because he thinks you may have committed a crime. It's a completely unfair practice, but billions of dollars are taken from citizens every year in the United States.


If the police doesn't see you carry a large amount of cash (which sometimes is necessary) then they won't be able to steal it from you.

[KorakPawon]

Bitcoin can also be a store of value, it's digital gold. The only danger to bitcoin is an internet outage all over the world, it's the only way your Bitcoin cannot be accessed again. When there's not internet, there's no way to verify the blockchain anymore. But for the disasters you mentioned that won't be the case.

- Edit: An other scenario in which Bitcoin can't be accessed again is when all copies of the blockchain are gone, but that's highly unlikely.

but it's true you say this is indeed very scary if it happens how many millions of people will lose and maybe how we can overcome it. yes, although it is far possible because if it happens not only bitcoin will be destroyed but various fields because many eras today depend on the internet, and hopefully it doesn't happen.

[Tigorss]

bitcoin is digital money and there are even countries that claim that bitcoin status is like gold or silver status, but what distinguishes bitcoi depends on the internet everything is in the hands of the internet we cannot see physically but the fact is that the price may exceed the price of gold or silver.

[isaksham]

Bitcoin is all about decentralization & concensus.
Simply put, every transaction/event, when recorded on a chain, is verified by all the members in the chain.
Once recorded, the data is immutable, which for sure, is better than conventional ledgers.

Banks, for example, are the central authority, that control cash flow and charge transaction fees for every movement of an individual's own funds, payments, earnings or savings.
Bitcoin, on the other hand, is the currency of the future, with minimal transaction costs, and elevated verifiability in close comparison to fiat currencies.

It sure looks like the payments infrastructure, across the web, might shift soon on blockchain.