SushiMonster
Full Member
Offline
Activity: 305
Merit: 107
I'm going to eat your cookies
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June 27, 2019, 03:54:30 AM |
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I consider bitcoin as a long term type of investment. I started with bitcoin about 2 years ago, although I'm not updated with all that is happening I casually visit my trading site and check on my bitcoins and alts.
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trimulia
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June 27, 2019, 03:58:27 AM |
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the benefit is bitcoin is my investment also my wallet too, bitcoin wallet is safe and no one know I have money there even my family :p
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samputin
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June 27, 2019, 10:14:04 AM |
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You should at least add up on the poll;
-Benefit on making money online
I do highly believe that most people would really choose this up yet Btc do benefit most people here on this market on making money excluding into its main purpose which is p2p transactions.
I don't have a particular choice on the poll until this one. This, personally, is my primary reason or primary benefit that bitcoin gives me. And that is, of course, through signature campaigns. It doesn't allow me to exert much physical efforts. Just by having a stable internet connection and my smartphone here with me, I am able to earn money. Plus I can learn from others here and some can also learn from me so it's a win-win situation.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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ginellis
Jr. Member
Offline
Activity: 85
Merit: 2
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June 27, 2019, 11:55:44 AM |
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Transaction has been the most important thing for me and that's the main reason why I started making use of Bitcoin and not because of the volatility and for investment. When I started making use of Bitcoin the maintain I was using it for was transaction, sending and receiving money from people I was working with back then. And I don't even store Bitcoin in my wallet, once I get it I just exchange it for fiat immediately. But after making use of it for transactions for a long time, I then decided that it was time that I start investing in it, which is what I'm doing now as well.
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Nellayar
Full Member
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Activity: 868
Merit: 185
Roobet supporter and player!
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June 27, 2019, 12:40:31 PM |
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Bitcoin gave me a lot of opportunity. From the moment I joined this forum, it gives me an open ecosystem. A kind of ecosystem that I don't expect I will earn. I thought online is just full of scams but when I have been part of bitcoin and crypto industry, I made a lot. Thanks to the person who shared this stuff for me. I don't earned more than 1700 dollars without him.
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Best Dreams
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June 28, 2019, 04:44:58 AM |
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You should at least add up on the poll;
-Benefit on making money online
I do highly believe that most people would really choose this up yet Btc do benefit most people here on this market on making money excluding into its main purpose which is p2p transactions.
I don't have a particular choice on the poll until this one. This, personally, is my primary reason or primary benefit that bitcoin gives me. And that is, of course, through signature campaigns. It doesn't allow me to exert much physical efforts. Just by having a stable internet connection and my smartphone here with me, I am able to earn money. Plus I can learn from others here and some can also learn from me so it's a win-win situation. This is really good when you can save your money but no one else can know about it, in this era we will have to save something against rainy day we know one day we will need this money, so better save something now when price of coins is really low, later on price will be very high, use wallet to save your investment to make you future safer.
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xSkylarx
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June 28, 2019, 09:48:02 AM |
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I consider bitcoin as a long term type of investment. I started with bitcoin about 2 years ago, although I'm not updated with all that is happening I casually visit my trading site and check on my bitcoins and alts.
It may not be safe storing bitcoin and altcoin to a trading website as you don't have complete control on your cryptos there. Once that site have been hacked or your account has been hacked you won't recover them anymore. It's better to store them on a wallet where you can access it using a private key. It's more safe there and hackers can't steal your cryptos. Just make sure to have a backup of it so you can recover it on any device you want.
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iv4n
Legendary
Offline
Activity: 3276
Merit: 1181
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June 28, 2019, 11:04:46 PM |
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Except profit, we all like to make profit, from the beginning of my crypto journey I felt like I have a purpose, like I`m doing something meaningful. We are changing the world with using crypto, and I`m glad that I`m a part of something so huge. It`s more than just a profit, profit is just a cherry on the top. Thank you all for being so awesome, to be here despite everything. We had many ups and down, but now we are sure that crypto is here to stay with bitcoin on the top. We are part of something great here, we should be proud, bitcoin wouldn`t be here without all of us!
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Electric4
Newbie
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Activity: 52
Merit: 0
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June 29, 2019, 02:05:45 AM |
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To me is that it can be anonymous. That if you just don't want certain entities not to know how much money you have, you can have it on a piece of paper, or in your computer.
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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June 29, 2019, 11:01:45 AM |
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I know there might be more, so feel free to add them or reply here and I’ll find a way to count them in and group then.
The goal here is to find some insights in what we are really investing in. Ex: some people say Bitcoin is valuable because is scarce and finite, therefore allowing a more stable economy. I would argue that, even if it is finite, if the holders or players in that finite economy have in unbalanced and excessive amount of Bitcoin then (or mining power, which is another topic but we cannot reason on it as the same level as BTC as it’s much more easily seizable in the physical world) then not much wouldn’t change to the current system, just the players ruling the monetary rules would differ.
In doing so and based on the answer, I’d like to argue all together on what stands true, and therefore, find what we’re really “value investing” in.
PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.
For now, i use it to trade to make money, and i also receive payments through it The first part you mentioned is just going to be a temporarily one, because bitcoin will not continue to fetch you money for ever, bitcoin is good for investment now because of the supply that is still available and you know that it has a finite supply, once the supply is over, bitcoin will no longer be useful for investment as it will no longer have any volatility left for trader to make profit from its increase. You need to start holding on more to the valuable function of bitcoin, which is to make payment for your services and for your goods easily without any form of stress, too many involvement or delay in fund processing, and the fact that you can conduct your transactions off the eye of government or any organization that has been a pest on your neck as regards your financial transactions.
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imstillthebest
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June 29, 2019, 12:04:45 PM |
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To me is that it can be anonymous. That if you just don't want certain entities not to know how much money you have, you can have it on a piece of paper, or in your computer.
but what if they will search your name or your bitcoin address on a bitcoin explorer ? they can still see your balances and transaction because bitcoin is not that anonymous . if you want real anonimity then go on private coins like monero . by the way , the most valueable benefit that bitcoin gave me is profit because i use my bitcoins as an investment tool and i can earn regular profits with it but aside from that , i also use my bitcoin as a payment method when i need to gave money for my family as they also have a bitcoin wallets installed on thier phone and they are far away from me .
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sandra_x
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June 29, 2019, 07:25:30 PM |
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Nothing beats bitcoin when it comes to convenience and ease of transfer especially across borders. There are no 'gate keepers'mto monitor or approved your transaction while charging some hefty fee.
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jpoker272727
Legendary
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Activity: 1137
Merit: 1000
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June 29, 2019, 07:57:35 PM |
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I am not against of anything but what i like most with BITCOIN? that is their volitality/ i love the fragile of the price which gives me a lot. now that the coin is gaining i am here waiting
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darewaller
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June 30, 2019, 12:47:22 PM |
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As long as we are free to do whatever we want with bitcoin there is no reason not to be doing whatever you want with it. I mean with dollars or basically any fiat currency even in cash form people are afraid to do whatever they want, yeah they can spend it on regular stuff but as soon as it hits the legality gray area zone they are afraid of doing something illegal and getting caught.
I am not talking about illegal stuff like buying drugs or hiring a hitman type of crazy scenario, I mean literally supporting the opposition candidate in a dictatorship is risky in our age, try to give money to Putins enemy, you will be murdered, try to earn your money from another country and getting into your country, your money will be frozen and a lot of it will be confiscated. Basically it gives people the freedom to do stuff they would otherwise be afraid of doing.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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June 30, 2019, 10:42:16 PM |
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I mean with dollars or basically any fiat currency even in cash form people are afraid to do whatever they want, yeah they can spend it on regular stuff but as soon as it hits the legality gray area zone they are afraid of doing something illegal and getting caught.
There is a difference between fiat in physical cash form and fiat we spend through centralized institutions. Fiat in physical form is what allows people to obtain the highest degree of privacy with how transactions are peer to peer, and not recorded on a server or ledger. This is what enables criminals to do whatever they want. This is how governments finance wars, buy weapons of mass destruction, etc. It's the ultimate form of money for both good and bad use. What you are talking about is fiat people spend through centralized institutions.
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bitbunnny
Legendary
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Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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July 01, 2019, 01:50:28 PM |
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For me Bitcoin is an extra income that helps me a lot. So, funds that I get and could easily change into any fiat currency. It's fast and convenient and always available. That is one of the best advantages for me that could help me changed my finances.
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Sithara007
Legendary
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Activity: 3332
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
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July 01, 2019, 02:17:54 PM |
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For me, the biggest advantage is that no one can seize my coins and if I am careful about it, then no one would even come to know how many coins I own. These things are not possible with any other asset, including fiat cash, bullion or equity. Another advantage is that we don't need the help from third parties to store the coins. With fiat cash, we need the help from banks.
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CTRLX
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July 02, 2019, 02:12:41 AM |
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If you asked me 3 years earlier i would just said for profit, which is i am sure that most of the people start of on that same note, but once you start learning more about it you start knowing the true meaning and the true purpose behind the creation of bitcoin, and you start beveling in its cause and all those benefits that you have mentioned, but the most valuable one would be that it gives you the freedom to make transactions whenever you want and how you want.
I agree. Most people focused on the profit from Bitcoin, their only goal is to get more income. I don’t deny that profit from btc is a great benefit as well. Therefore we all should try to understand the idea behind creation of Btc and we should appreciate it more.
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Jating
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July 02, 2019, 11:18:22 AM |
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For me, the biggest advantage is that no one can seize my coins and if I am careful about it, then no one would even come to know how many coins I own. These things are not possible with any other asset, including fiat cash, bullion or equity. Another advantage is that we don't need the help from third parties to store the coins. With fiat cash, we need the help from banks.
Right, as long as you know how and where to hide your bitcoins then it's really one of the advantage of it. Specially for long term holders around, if they are just going to wait for the perfect time to sell them to fiat then no one can touch or get away from it. And of course the potential profits all of us can get. Bitcoin is one of the best performing assets, and no other assets or investments out there can really give you the profits, not banks, not gold, not oil.
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South Park
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July 02, 2019, 05:20:23 PM |
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Nothing beats bitcoin when it comes to convenience and ease of transfer especially across borders. There are no 'gate keepers'mto monitor or approved your transaction while charging some hefty fee.
Not only that if you know your seed words you can carry all your money with you all the time without any way for anyone to know it, that is huge especially as governments put restrictions on the amount of money you can carry with you, this means that as long as there is some place where you can use your bitcoin to buy what you need you do not need to convert your money to fiat, and while at the moment you cannot do this everywhere due to the limited adoption of bitcoin around the world, this will change during the next decades as bitcoin becomes more popular.
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