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Author Topic: What is the reason why we really need Bitcoin?  (Read 1823 times)
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May 23, 2018, 11:53:02 AM
 #241

For all you know, may be after a few years the bitcoin price may go up to 50k or even 100k. Many Payment systems are moving toward accepting Bitcoins.
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May 23, 2018, 11:54:20 AM
 #242

I think the most appropriate reason why bitcoin is needed for future payment methods is because I think bitcoin can provide a very good solution to overcome the payment that can provide security and convenience when the transaction.

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May 23, 2018, 11:55:44 AM
 #243

Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?




We need Bitcoin because it provides good opportunity to earn an additional income. This will compensate to our family's needs and probably later on some of the wants. This is a good medium to uplift the financial status of an individual.
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May 23, 2018, 12:13:33 PM
 #244

Bitcoin is only one coin which we have trust and it is easy way to earning.
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May 23, 2018, 12:13:39 PM
 #245

Why do we need bitcoin at all? What is its reason of existence? At such fact its primary purpose is to transfer funds anywhere in the world without any third party intervening, which means, costs or transaction fees can be lessen and transaction fastness is already present. This is the true and primary purpose of bitcoin as per definition in its whitepaper made by Satoshi Nakamoto. Thus making it the first cryptocurrency, it has made history and is been making history.

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May 23, 2018, 12:20:24 PM
 #246

In Bitcoin Trading, you do not need to disclose your confidential information. Instead, use two keys: a public key, and a personal key. Anyone can see the public key (it is the bitcoin address) but the private key is secret. When you send a bitcoin, you use the public key combination and the private key and apply a math function to them. This creates a proof of transaction from you. Make sure your personal key is secure, not lost.
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May 23, 2018, 02:12:29 PM
 #247

Probably because the value is very high and the transaction is very easy and safe and very fast, and besides bitcoin can be used as a livelihood or as a promising source of income.
having bitcoin is a freedom that is not bound by anyone and there are many reasons they need bitcoin because of the many good benefits and luck to be found in it.

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May 23, 2018, 02:29:53 PM
 #248

For ME its all about innovation, From the old type of currency where we hold our money for others to see and steal it on day or night time Unto the Future where we use keys, codes and the internet to do our bidding, selling and buying ans specially the investing. We need this coins to make life much effortless, accurate and for the safety and security of our wealth.

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May 23, 2018, 02:40:42 PM
 #249

We do not actually need Bitcoin but for some reason, Bitcoin was created and it was a big help for a lot of users that knew it from the start. Bitcoin became useful because it offers several ways to get wealthy and ease some transactions that is normally hard to do. We need the technology where Bitcoin is integrated and that is Blockchain Technology.
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May 23, 2018, 02:53:56 PM
 #250

Yes, the Government also can't pick it up, because the currency is decentralization, which is not centralized on a single institution or individual, there is no any authority that has control over a bank does not, so the Bitcoin can take it from us . With Bitcoin we also don't need to trust other people, because Bitcoin is fully decentralized, we don't have to believe other people when we would use it.
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May 23, 2018, 02:59:20 PM
 #251

Bitcoin is the one and only independent coin because if you buy some altcoin you must have Bitcoin coin so all the altcoins are depends on Bitcoin and this coin is always ruling the crypto market. This coin is decentralized and completely transparent to everyone so it is really comfortable for every investors.
aside from what you have said and not only because it was decentralized digital currency, because also of the blockchain technology used in transactions of digital currency which is said to be the future way of transactions among companies and other businesses and non businesses which involves payment methods for goods and sevices.
The one and only coin also that was decentralised and was the only kind of coin that the government couldn't have any control on it. The only kind of coin that was made thru digital means and the only one kind of coin that could give us a big profit. So what I have stated above I guess it's enough to say why we really need bitcoin.

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May 23, 2018, 03:00:16 PM
 #252

Bitcoin is only one coin which we have trust and it is easy way to earning.
Bitcoin is most trusted coin and definitely the most profitable one so this is one of the reasons why people are keep investing on it; they need it to support their needs and to have a great investment.

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May 23, 2018, 03:06:17 PM
 #253

because for us bitcoin the easy way we get a pretty good profit. because the future of bitcoin is also still long, so we really believe that bitcoin can help our needs.
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May 23, 2018, 03:11:52 PM
 #254

For me, there are many reasons why we need bitcoin, especially in this age. A lot of things have changed; and there are also new things, that make our labor easier and faster. Including bitcoin, life has made easier inbterms of transaction and matters about money like investing, trading, etc. Many people rely in this technology, and no wonder it is easy to understand and use, compare with the traditional and physical transactions. More to that, it is even more secured.

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May 23, 2018, 03:15:21 PM
 #255

I think it differs on different situations of different people or investors. If you use/invest Bitcoin to gain profits, then you need Bitcoin because of the huge income that you can gain. There are also people like you, who wants to have their transaction anonymous and uncontrolled. And there are people who like to invest their money on cryptocurrency for future purposes. It differs on our reasons why we need Bitcoin. It depends on your current situation.
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May 23, 2018, 03:15:41 PM
 #256

All we know that we can earn more when we invest out our money in bitcoin but unlike in other business I can say that bitcoin is the most risky investment because anytime it's value will go down. We really need to invest bitcoin because we need to earn.We need to try something to avoid to much hassle and stress and to have a better smooth transactions that all of us that wants.

If you to earn some good profits then you need to search some ways to make some profits so bitcoin is the best way to make money without any other struggling that's why many people choose bitcoin.
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May 23, 2018, 03:48:48 PM
 #257

Why do we really need Bitcoin? Currently Bitcoin is the most sought-after currency because I think today people may be tired of the traditional banking System and Right Now I am in dire need of Bitcoin because I want to make changes to all the ancient thinkers who hate Bitcoin. My hope in the future all cryptocurrency becomes the number one transaction tool in the world.

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May 23, 2018, 05:58:59 PM
 #258

We need bitcoin to be exchanged for others to make more money when the price goes up with so many people investing now. Cool
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May 23, 2018, 06:01:10 PM
 #259

Digital currencies are buzzing around the world, whether you are in the media or internet. In today’s time, it is one of the craziest and exciting things to happen that comes along with wide range of features and options. The best thing about digital currency is that it can be used like traditional currencies and you trade it online on reliable portals. Seeing the demand Bitcoin BTM in Chicago, IL is coming up where you can buy or sell digital currencies at ease.
Many around the world are aware of Commodities, Stocks, Forex and now this all-new concept named Digital currency is creating a huge impact on human lives. Before you start investing in digital currencies you need to know the basics of it. Once you familiarize with the concept you can use online trading platforms like Bitcoin of America to buy or sell digital currencies using any fiat currency.
About Bitcoin Cryptocurrency
The emergence of Bitcoin is still not clear but it was first talked about in a paper which was published in the year 2008 by a computer programmer named Satoshi Nakamoto. Nothing much is known about his identity. What started as a simple concept is now making news all over the world. Bitcoin and other digital currencies are getting acceptance, all because of its unique features. Bitcoin BTM in Chicago, IL are installed in prime locations to make it easy for users.
Bitcoin is a popular digital currency which is also is free from any geographical boundaries. The best thing about this digital currency is that it is not regulated by any government or central authority; to use it all you need is an internet connection. For a newbie, this all-new Bitcoin technology can be bit confusing but there is plenty of information available online to help you. Dig in a bit deeper and you can learn how to trade using digital currencies at ease.
The all-new digital currency is based on blockchain technology. It is a digital public ledger and is shared by anyone around the globe. All transactions can be found here, users within the network verify the transaction. Transactions done on this platform is completely transparent and it is verified by Blockchain. Digital currencies are the parts of Blockchain technology.
Things You Can Do With Digital Currencies
Digital currencies are already popular in many places around the world, several Bitcoin BTM in Chicago, IL are coming up which will make it easy to transact. Users can transact, trade, store and accept Bitcoins. Individuals can send digital currencies to friends, request from them and store it on a digital wallet.
With digital currencies, transaction cost is low compared to Credit cards, PayPal, and other several online intermediaries. Alongside this new digital currency also protects user privacy which often gets leaked while making transactions online. Digital currencies are extremely secure. Digital currency transparency makes it tough to manipulate because of its shared public ledger. In this new concept, you can verify a transaction at any time from any place in the globe.
In days to come the demand for digital currency is likely to rise. You can find Bitcoin BTM in Chicago, IL, just to meet the demand of digital currency enthusiasts. Digital currencies are limited to 21 million units and with passing time its popularity will reach new heights.
Bitcoin of America is a reputed name and they are constantly increasing, and various other places. Apart from their BTMs you can also use their online exchange for fast and hassle free transaction using any currency of choice. Experience the world of digital currencies while buying it from such reputable names in the business. For more information about how to buy bitcoin visit www.bitcoinofamerica.org
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May 23, 2018, 06:07:34 PM
 #260

Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?





The most common is bitcoin can provide benefits for those who have it because the value of bitcoin can increase high. And therefore you need bitcoin to help your economy.

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