Why do we need bitcoin in the modern world?

[TheBunting]

Bitcoin is here to make transactions made online easier and faster. It introduced a peer to peer system which eliminates the third party system in terms of sending funds to anyone at any part of the world and it is done within minutes.

Not to mention that it eliminates the sheer inconvenience of having to use native currencies when travelling abroad. If Ethereum is your gig, you can use it from anywhere in the world (apart from any countries that aren't allowing crypto of course )

[1715558209]

1715558209

[aryatrals]

People have there only different desire and use of bitcoin. Some are just investors that see bitcoin as a good deal to invest there are money and make profit from sales others uses it for transcation purposes.

we really need bitcoin in modern world trade, some because we need bitcoin, one of which is by making payments using bitcoin in different countries of trade we will benefit in terms of ease of transactions, the payment process is not complicated, we will avoid the threat of inflation in the country's currency we are against the dollar that every year always happens, because the value of bitcoin everywhere is the same, it is very different from the existing currency, each country is different, we will avoid counterfeiting banknotes which are very common everywhere, because bitcoin cannot falsified, and most importantly bitcoin is global in nature can be used throughout the world, while the existing currency is local, can only be used in producing countries.

[Indai24]

The ability to send Millions of Dollars with few Dollars as a fee and within few minutes is great thing for companies. In addition, the need to transparancy and safety in the modern world make Bitcoin and other Crypto coins a great fit while the doubt arround Dollar and fiat currencies is increasing.

Agreed. They just keep printing and printing more if they feel like the supply is going down. Which then takes part of its value down. Unlike cryptocurrency, it can just adjust its own value and we can use it's divisibility feature to further use it till the last drop. That is what I like with bitcoin.

People nowadays wanted to have everything more easy and systematic. And it is very necessary that we in the modern world we also have to adapt and adjust.

[Nanda Dewi277]

By now it is one of the few decentralized things in the world and perhaps one day it will be the safest means to store and save your earnings.

yes, the benefits of bitcoin are so large and can be used to buy goods, bitcoin technology is very developed. now digital technology is very rapidly developing so the presence of bitcoin is very helpful for us in making transactions in the digital world.

[alonelyorange]

Modern world needed easy way and faster transaction to sent or received payment, in modern world needed bitcoin as payment because bitcoin have service faster than other digital e currency and more profitable using bitcoin.

[gheawari431]

Bitcoin is here to make transactions made online easier and faster. It introduced a peer to peer system which eliminates the third party system in terms of sending funds to anyone at any part of the world and it is done within minutes.

Because bitcoin is part of the modern world, where everything is digital. As a digital currency, bitcoin simplifies and speeds up transactions due to decentralization and peer to peer, so it only takes a few minutes to complete transactions and not involve third parties.

[princeyeboah]

In our contemporary world, technology is advancing every day and as a matter of fact, people crave for more convenience in whatever they are up to. The Blockchain technology which led to the creation of Bitcoin is another form of technology which targeted the currency or financial aspect of people in order to bring that convenience in payment across the globe within the shortest possible time.

[yanifitri20]

Through Bitcoin, Nakamoto wants to create a system of transactions that are not centralized, or a decentralized system. With a decentralized system, financial circulation is believed to be more stable and not dependent on one or two parties who have "special" rights in determining global finance.

[Ronaldcoin2017]

I think we really need to  have bitcoin on the modern world because we are now very expose on the modern technology, if we use crypto as payment system maybe we can save time and save money on it. And I also believe that crypto is now slowly really become a part of daily life. An fit can now convertable to fiat I believe that there are so many things that is surprising here in crypto world maybe we only need to wait on it.

[canadian33]

If the global economic system collapses, bitcoin will probably take its place (or at least partially). Anonymous free currency, which is difficult to regulate by the states. I think this is already a good reason.

[Periodik]

The convenience that is brought by Bitcoin and cryptocurrency in general is extremely amazing. The smooth and hassle-free transactions which crypto can give is beyond what our current fiat currency is capable of. Aside from that, Bitcoin is beyond the strict regulations of every individual country in terms of where and when to use the government-owned fiat currency. Bitcoin is borderless. In terms of fee, Bitcoin is much cheaper than fiat. Try using Paypal and you will see.

[Ethan Argu]

You present a counterpoint. While some people enjoy using it to pay for dinners and houses, others see in Bitcoin a way to make profit, selling it more expensive than they bought. If people are using BTC for these reasons, it's because they need it on their individuality, and fiat wasn't fulfilling their expectations and personal needs.

It's hard to say why we need Bitcoin in the modern world because each person has their own personal reasons. But on general it's like asking why do we need money in the modern world... Bitcoin is just money, with some extra advantages decentralization and technology give us.

Because this will make our world modernize by using online systems through financing and money transfer. This will be convenient and more reliable to like the banking system. This will also serve as a medium of banking and money exchange. As what I always stating in the forum this will be more convenient for hotel booking, flights, reservations and paying through the online system.

[badungs]

In my opinion. we don't only need bitcoin in this modern world. we need all digital currencies that can facilitate and support financial activities. so that our economy can increase with the facilities that can support us. and we can save time and money in the presence of digital currencies.

[nydiacaskey01]

While traditional banks offers us a good place to store our hard earned money, banks will take away or charge us with fees that we don't even notice. I have seen numerous complaints about bank account getting closed with depositors claiming they still have enough money saved in the bank but because of the monthly charges that banks deducts to our hard earned money, accounts was closed without prior notice. In cryptocurrencies this will not happen, you move your money from one wallet to another wallet with a very small fees.

[Jet Cash]

Bitcoin is needed to enhance faster transactions with regards to payment and also to reduce the cost of transaction fees. Many business personnel complain about the high fees that are charged anytime they make any payment order throuhg Central Banks. payment with the use of bitcoin is faster and cost less.

This is no longer true.

I can make a fiat payment at no cost to the buyer or seller. The transfer is almost instantaneous, and is "protected" by the bank. Confirmed Bitcoin payments can take up to an hour, and involve a fee ( which may be small). Bitcoin is great for international payments, and it has many other virtues, but it is not a payment method for everyday transactions. Lightning may change this though.

[mangsitin]

Crypto currency was created to answer the need for development and technology because developments in the economy must develop as well and that's why the crypto currency was created

Yes, I agree with you, in the future, modern society will need very good progress, such as technology in Bitcoin, by using Bitcoin to make transactions safe and inexpensive between countries, so the presence of Bitcoin will create a very good economic source for the world.

[kasansa]

Today's new  devloped technology and today's new generation happned to see what some 100 years back peoples dreame and want to experience them every thing turned to a new hight then why not people want and need bit coin to get good return by this Midas touch metal.

[Lazada]

That's all because Bitcoin has a sophisticated technology. By using Bitcoin we can do financial transactions wherever and whenever we want.
Financial transactions will be very much faster and also much safer. With the increasing technology, we also need a sophisticated media to support our flexibility in facing a much more modern world.

[serizawa]

Bitcoin is an inspiration to many people when sending money easily, quickly and cheaply.
that's because bitcoin is popular today.

[suzanne5223]

Bitcoin is an inspiration to many people when sending money easily, quickly and cheaply.
that's because bitcoin is popular today.

Yes, bitcoin is easy and quick was of sending money but I wont say bitcoin is popular yet because almost 18% of the world population still use bitcoin. With that been said, we need bitcoin in the modern world because bitcoin is an innovation technology and with the developed countries advising their people to make use of credit card and POS terminal payment, bitcoin will be the right choice.