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Author Topic: Why do we need bitcoin in the modern world?  (Read 2173 times)
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December 05, 2018, 01:52:18 AM
 #21

I think it is because technology keeps advancing. We need apply e currency for faster, easier and convenient transactions.

Exactly  .   we are now on a modern world , that is why we also need to go with the flow .   bitcoin or cryptocurrency in general is the most suitable payment system to be used  on it because cryptos are the most advance so far between other's out there  but we arent also forced to used them because there is no rules so far that restricts the use of local currencries  .

Fiats on the other hand wont ever be vanished because they are still the most legal payment system even if we say that we are now on the future .   
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December 05, 2018, 01:55:12 AM
 #22

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.
Bitcoin has huge potential in terms of being a payment processor and investment and we can even see it right now. A lot of people has changed their miserable lives including me because of Bitcoin. It is also very convenient when purchasing goods and services online with Bitcoin. Here in my country we need something like Bitcoin for the common goodI do hope that governments will adopt and totally legalize Bitcoin in the near future.



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December 05, 2018, 02:01:36 AM
 #23

Bitcoin is the future currency we live in the world that evolve  so digital currency is the way to go. Lets evolve with the world.
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December 05, 2018, 07:24:56 AM
 #24

One of the reason is because bitcoin allows the user to send payment to another person with low transaction cost. In the past, whenever I am sending money to someone overseas, I would always have no choice but to use either Paypal or my local bank and the fees they charged me was relatively high, this caused me to incur a lot of unnecessary costs and I am glad bitcoin was created to give me new option whenever I am sending money overseas.

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December 05, 2018, 07:44:23 AM
 #25

Not all people are convenience to use banks or paypal for a payment transactions. Sometimes ordinary people choose to brought fiat money than to use credit or debit cards just to pay a transaction. And for me, crypto currenct, bitcoin rather, are easy to use to pay any kind of transactions with any amount in just a very short period of time, although crypto currency are not yet accessible in all country worldwide but we really need to use and adopt this crypto, for more convenience, and also as a good investment.
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December 05, 2018, 08:34:29 AM
 #26

We assume that in the modern world that include now and the future to come ,the thing around us and technology are going to be digital , so for the part of cryptocurrency which is a decentralized digital currency like bitcoin , is fit for the modern world of digital ,so we need this kind of technology that is very possible to be use in this era of digitals.
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December 05, 2018, 09:21:07 AM
 #27

We really need bitcoin in this modern world because bitcoin is easier to use in Peer to Peer instant transactions. Besides, that bitcoin can be sent anywhere very quickly without having to go to the bank and take care of it to the bank administration. Transferring money with bitcoin can happen only with the capital of a smartphone and internet connection. We can transfer to the whole world, as long as it is connected to the internet.
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December 05, 2018, 09:26:27 AM
 #28

Yes, Bitcoin is needed in the modern world of which we live. Transactions are cheaper, transparent, immutable, efficient and trustless. We are in the technological era where we use the internet and IoT. The bitcoin is making our lifes much easier with its decentralized technology the blockchain and the crypto economy.
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December 05, 2018, 09:48:09 AM
 #29

For me, as for what we can view of the current situation in the world we are living into, we are into the digital way of almost everything. And so, I am one of those people that do agree that in the coming future we really need Bitcoin as pur means of payment as the medium of financial transactions. This sogital currency that we have can adapt us more and used into the real world we are into in the future.

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December 05, 2018, 09:53:55 AM
 #30

I would like to relate bitcoin with fiat. Basically, we don't need bitcoin before, but now we need it. Why, due to the fact that people change and business transactions are getting into another way which is through gadgets or we know by the means of technology. We need bitcoin because the progress of bitcoin is still on going and possible that this is part of human history now and in the future.
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December 05, 2018, 10:05:14 AM
 #31

Bitcoin is a modern form of payment and at the same time a digital asset that gives huge interest. It is profitable for people to buy for it as it can grow significantly. For example, when bitcoin cost a little money it was accepted by Microsoft but at the peak they stopped to accept it for payment and now I plan to accept again.

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December 05, 2018, 10:09:08 AM
 #32

Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins.


How many countries in the world have regulated bitcoin so that bitcoin is used as a means of payment in these countries?

It is not because most people just want to use bitcoin only as an investment, most people do not have another option because in their countries the government does not have laws that allow the use of bitcoin as a means of payments



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December 05, 2018, 10:11:00 AM
 #33

We are live in modern age and we should use modern technology in different sectors. Bitcoin has already lessened our work and it has turned our life comfortable. As a payment method, transaction, buying things Bitcoin is helping a lot.

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December 05, 2018, 12:20:18 PM
 #34

Bitcoin is a new concept developed to improve our ways of transactions virtually devoid of any third party and very trustful people had always advocated for an alternative means of transactions besides the convectional monetary system and I think bitcoin had keyed into this new system of modern world although it still need more improvement in term of price stability.
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December 05, 2018, 01:09:03 PM
 #35

I think we need bitcoin because technology keeps on advancing. It has a blockchain technology that provides easier and faster transactions.
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December 05, 2018, 01:14:31 PM
 #36

We need bitcoin and cryptocurrency because it's all about a new way of transacting and cutting out the middleman such as banks to take full responsibility for our finances. It all gives us a convenient way to transact faster 24 hours around the world. Smiley
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December 05, 2018, 01:17:59 PM
 #37

perhaps with the existence of bitcoin this can advance electronic money in this sophisticated and practical world that does not need to carry paper money or coins because by eliminating paper money, the trees will grow thicker and no more illegal logging.
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December 05, 2018, 01:18:52 PM
 #38

At least 70% of everyone holding Bitcoin or into cryptocurrencies are majorly into for the immediate profit within. Forgetting that Bitcoin is meant to ensure smooth and easy transactions within seconds from your comfort.

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December 05, 2018, 01:46:21 PM
 #39

we need bitcoin in the new world because bitcoin is helpful to many people if we want more people to help bitcoin we still need it to keep it up even in the new world.

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December 05, 2018, 02:11:22 PM
 #40

Bitcoin can greatly help the modern world. because of today's technology that you are developing you can use bitcoin in many ways like transacting in different businesses buying goods and things its easy and for more convinience, almost everything now open to bitcoin.
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