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Author Topic: The importance of bitcoins :)  (Read 461 times)
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December 08, 2019, 05:43:08 PM
 #41

Like what you have said, people change so does what they want. People don't get contented, that's why using technology we continue to develop in order to satisfy what we want. We are used to paper money but just like how the world change, it can also be developed using digital currency.
Bitcoin gives us freedom from third parties and the government. It can be used for buying things, it can be a store value. The importance of bitcoin depends on how we see it and how we use it.
Each person do have different perception into various things and when in talks about bitcoin then for sure we do have in common which is either on its total benefits and usage or just sole focusing on the money making
opportunity that it gives.

Main thing why its being created is to have that p2p transaction without 3rd party intervention.It an advantage for all but a big problem for government sector.Thats why its been suppressed by some.
bitcoin does have advantages in its system that is not tied to third parties, can be beneficial and also actually detrimental because fraud in bitcoin is more a safeguard on yourself. but for me to compare btc with fiat is not so important because both of them still have their place.

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December 08, 2019, 05:56:30 PM
 #42


its about how decentralized and how secure BTC is. and i mean it when it comes to POW of BTC in miners perspective that's why coiners sees it to be important.  there is nothing like it. and for some of us its about its value that makes it important. right now there are thousands of coins but all of them are paired to BTC as it act like the base currency. you can compare it to USD when it come to fiat.

Compare Bitcoin and US dollars? And what is the point, I think that everyone understands the main differences between both and why Bitcoin is better and safer
We can't compare bitcoin and dollars, I meant we all know that both of them are currencies, but, bitcoin is just a cryptocurrency which have a high value and can be used only online. It's really so important because we can even exchange it to fiat easily through exchanges, as well as we can invest in it and make a decent profit in the future.
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December 08, 2019, 06:03:26 PM
 #43


its about how decentralized and how secure BTC is. and i mean it when it comes to POW of BTC in miners perspective that's why coiners sees it to be important.  there is nothing like it. and for some of us its about its value that makes it important. right now there are thousands of coins but all of them are paired to BTC as it act like the base currency. you can compare it to USD when it come to fiat.

Compare Bitcoin and US dollars? And what is the point, I think that everyone understands the main differences between both and why Bitcoin is better and safer

but most of the people doesn't have a what is exact use of Bitcoin and they were thinking that this currencies are much safer than Bitcoin and there is many problem they were trying to give for decentralized cryptocurrencies.

We need to understand the nature of the Bitcoin and how to deal it in trading field to enjoy the profit.

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December 08, 2019, 06:12:57 PM
 #44


its about how decentralized and how secure BTC is. and i mean it when it comes to POW of BTC in miners perspective that's why coiners sees it to be important.  there is nothing like it. and for some of us its about its value that makes it important. right now there are thousands of coins but all of them are paired to BTC as it act like the base currency. you can compare it to USD when it come to fiat.

Compare Bitcoin and US dollars? And what is the point, I think that everyone understands the main differences between both and why Bitcoin is better and safer

but most of the people doesn't have a what is exact use of Bitcoin and they were thinking that this currencies are much safer than Bitcoin and there is many problem they were trying to give for decentralized cryptocurrencies.

We need to understand the nature of the Bitcoin and how to deal it in trading field to enjoy the profit.
yes both do have uses and trust by those who use them. for bitcoin maybe it will be more special because we have to understand the concept first so that we can use it and also benefit, it's more difficult than USD but both have their respective advantages

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December 08, 2019, 07:30:55 PM
 #45

Bitcoin is a good source of income, while it equally helps to transfer money across border without any restriction or fear of monitoring. Once one has tasted the gain from bitcoin and its undisputed technology with all the many buzz in this space, one can't resist a continuous investment in bitcoin.

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December 08, 2019, 09:10:03 PM
 #46

the importance of bitcoin is, helping you to solve financial problem. people understimated something new and it happen in my place, people will ignore when no result, but when big result come to user and people around, they will ask about it. its good for income like what you said, mediical student cant work, but they can have income from here
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December 08, 2019, 09:42:39 PM
 #47

Everything that exist serves to its purpose and the great thing that we get from Bitcoin alone is really helping for everyone's life. Not just it purely become an investment but also it makes people's life very comfortable in doing transactions. Having this new technology, we all get benefits from this but somehow some of us here never appreciate of its existence rather than to look it in negative way.
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December 08, 2019, 10:39:53 PM
 #48

The importance of bitcoin keeps growing since its born. Anyone who wants to do something independently, they will love the bitcoin, and this is how bitcoin is getting a new user every day nowadays. Because everyone loves freedom, and when it comes to money, everyone will run for it. Being a student and an employe, bitcoin means huge to me!

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December 08, 2019, 10:54:53 PM
 #49

Its really quite shocking and definitely amazing how we had evolved especially in terms of digital currency. It is still an adopting period until now for not everyone has the knowledge and capacity to earn it. However, for those who had adopted it really made there lives improved. You've mentioned about students who need not to work anymore. Well, on my opinion it really make or help to earn income at the comfort of our homes. That's the great advantages or importance it made for every person earning bitcoins. Aside from the fact that it also gives a fast and cost-saving money transfers in terms of financial matters.

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December 08, 2019, 11:03:14 PM
 #50

That is why I repeatedly say that all types of work-related to cryptocurrency are very pleasant jobs, whether trading, mining, becoming a bounty hunter, etc., all of them are fun. There are many opportunities that can be exploited, especially since the times have changed, we must be able to take advantage of the development of this technology properly. Imagine, you can earn money only from your computer or cellphone, it's fun, right?

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December 08, 2019, 11:37:19 PM
 #51

Bitcoin's been telling us the same thing since it first came out. Decentralized market. In fact, this approach coincides with capitalist understanding. In capitalism, the invisible hand regulates the market. Bitcoin offers a similar democracy.
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December 08, 2019, 11:43:50 PM
 #52

That is why I repeatedly say that all types of work-related to cryptocurrency are very pleasant jobs, whether trading, mining, becoming a bounty hunter, etc., all of them are fun. There are many opportunities that can be exploited, especially since the times have changed, we must be able to take advantage of the development of this technology properly. Imagine, you can earn money only from your computer or cellphone, it's fun, right?
Not just fun but also a very good source of income. More particularly way back 2017 where bitcoin has reached a very high peak and that everyone here has gained higher income compared to the present. This year, we are still in a bearish trend but bitcoin is still giving us a decent income but not that big compared before.

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December 08, 2019, 11:54:35 PM
 #53

Time and again I hear people saying how it would be okay if they have the access to only*traditional money* but one should understand that time has changed and so have we , according to me Bitcoins now a days is indespensible, it's a part of society now , it's a new culture.
With the presence of Bitcoin and FIAT, people will be free to choose how they will transact. With the existence of other alternatives, people do not need to worry if at any time they want to transact with BTC or FIAT. Because we know that the main utility of Bitcoin is as an alternative payment other than FIAT.

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December 09, 2019, 12:08:06 AM
 #54

For different people it is important in different ways. For large volume holders it is important to be the base to profit out of trading practices. For low volume holders it is long term investment which can change their living. For students it is an independent source through which they can meet their needs. Some prefer it for cross border transfers to eliminate the complex processes involved. Direct benefit and indirect benefit makes it to be important for each and everyone using it.

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December 09, 2019, 12:12:12 AM
 #55

the importance of bitcoin is, helping you to solve financial problem. people understimated something new and it happen in my place, people will ignore when no result, but when big result come to user and people around, they will ask about it. its good for income like what you said, mediical student cant work, but they can have income from here
It can help us to become financial literate in the way where we can manage our money. Most of people do not want investment and they want job, they are losing many opportunities because they do not see the importance of investment. Becoming a financial literate person can help you to think different where you will see many opportunities and you can use it to earn profit.
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December 09, 2019, 12:14:13 AM
 #56

New technology replaces the old i must say bitcoin or crypto currency will someday dominate the world of payment even the world is starting to adopt virtual payment. For me bitcoin really change my way of living cause especially when i got unemployed and was desperately looking for a job but couldn't find one, but in bitcoin it opens a lot of opportunity and freelance job it is the source of online job and income right now in the modern era.

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carlisle1
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December 09, 2019, 02:59:08 AM
 #57

this has been tackled more times before and our answers are almost the same,but still this kind of topic is very fond to read as all positive answers is what we have got.

for me?Bitcoin is what we need for future,or maybe not ours but our love once that will stay in the next generations.they will benefits everything that we provide today.
barabarian1
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December 09, 2019, 07:41:35 AM
 #58

bitcoin has been around for 10 years and has become a valuable item for us. the importance of bitcoin to me, because by investing in bitcoin I can finish building my house and I can also pay off my debts from the benefits of bitcoin investment. so bitcoin is very important for my family. bitcoin has become my second source of income after real work. and I also taught my wife to invest and work in cryptocurrency so that even though she doesn't work outside the home she can still make money with bitcoin.

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December 09, 2019, 08:26:08 AM
 #59

As the millennial generation, we should be able to use technology to gain profit, moreover, there is already a good opportunity created by cryptocurrency. Don't miss this great opportunity just because you are fanatical about fiat and conventional systems, let alone fear because of risk, come on ... everything has risks, high profits, high risks, right?
Study well, then try, if it fails then try again, learn from experience. I am sure you will find the best way to earn money from cryptocurrency if you really try to find your passion.

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RooseveltOah
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December 09, 2019, 09:36:33 AM
 #60

Just to throw in something new here
Was listening to this talk by Tim Draper on how Bitcoin can ensure ethical businesses
Might worth your time
https://www.lambrosphotios.com/podcast/why-bitcoin-is-the-future-of-ethical-business/
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