Do we need bitcoin?

[Darkelf11]

Bitcoin is a store of value and the main indicator of the industry, we cant live without it

I don't get the idea that we cannot live without bitcoin. Will you die if there is no bitcoin?
Life does not depends on bitcoin bro.  

dont take hin seriously , he is just joking .

Well, It doesn't seem to me that he is joking. You can tell by how he wrote his reply that he is serious.
In fact I'm the one that is joking when I said about dying without bitcoin, but it makes sense.

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[jademaxsuy]

Bitcoin is a store of value and the main indicator of the industry, we cant live without it

I don't get the idea that we cannot live without bitcoin. Will you die if there is no bitcoin?
Life does not depends on bitcoin bro.  

dont take hin seriously , he is just joking .

Well, It doesn't seem to me that he is joking. You can tell by how he wrote his reply that he is serious.
In fact I'm the one that is joking when I said about dying without bitcoin, but it makes sense.

LOL, yeah it makes sense when all money was invested to bitcoin pretty sure you cannot live without it because you will be needing it when you will be short in financial aspect. Many had told that bitcoin is not a basic need so we can really live without it but because of the love of this technology and the exaggeration of others stating about so now this is the product of it. Anyway, we should not let them also forget that because of the love of bitcoin truly we can say that the bitcoin system had gone so far now when it comes to technology development, adaptation and probable for community consumption in the future.

[budi691]

I only see from the advancement of bitcoin technology that can be needed by every human being because in today's digital era everyone needs something practical, namely in bitcoin and other cryptocurrencies, bitcoin has a requirement to become a digital currency that can be used by every human being. running. every transaction without being restricted by this less profitable government,
with all the conveniences we get from bitcoin it's not wrong in my opinion we need Bitcoin,

[VanityWallets2015]

Maybe the whole world cannot see it yet, but many people has faith with Bitcoin for a long time.
It has been part of lives of the many and provided them many benefits. And I think that matters the most.
Long before Bitcoin, fraud and money laundering has been happening so it is not a fault to be taken.

[lebregone]

Frankly speaking, we don't need bitcoin if we don't have usage for it as bitcoin was created with a purpose. And for the governments, most of them didn't consider bitcoin as necessity
as they can't control it and what is worst they have a problem in putting a tax to it.

Most of the governments wants to have a control with regards to the money that are circulating in their teritory either it is fiat or crypto that is why China and other countries are
starting to create their own currencies while preparing for the future where fiat will be fully replace by crypto. Having their own currency will guarantee them that they have control
to it and they can easily put a taxes to their people under their governance.

[Debonaire217]

I only see from the advancement of bitcoin technology that can be needed by every human being because in today's digital era everyone needs something practical, namely in bitcoin and other cryptocurrencies, bitcoin has a requirement to become a digital currency that can be used by every human being. running. every transaction without being restricted by this less profitable government,
with all the conveniences we get from bitcoin it's not wrong in my opinion we need Bitcoin,

Practical in terms of the current situation, but looking way to its characteristics, it isn't really practical to use bitcoin for daily transactions. Perhaps, for trading and investment, it is good because of its noticeable high volatility. What I hope for in the future is for the price to spike high and remain stable. Therefore it could be available for anyone to use to transact for product or services they want. 

With regards to government regulation, the development of bitcoin from other country who already accepts it (for me,) will be the reason why other country should accept bitcoin as well. It is now the new revolution of currency for international payments and it opens up tons of opportunity as well especially when reducing payment rates for international transactions.

[Mumbeeptind1963]

I only see from the advancement of bitcoin technology that can be needed by every human being because in today's digital era everyone needs something practical, namely in bitcoin and other cryptocurrencies, bitcoin has a requirement to become a digital currency that can be used by every human being. running. every transaction without being restricted by this less profitable government,
with all the conveniences we get from bitcoin it's not wrong in my opinion we need Bitcoin,

Practical in terms of the current situation, but looking way to its characteristics, it isn't really practical to use bitcoin for daily transactions. Perhaps, for trading and investment, it is good because of its noticeable high volatility. What I hope for in the future is for the price to spike high and remain stable. Therefore it could be available for anyone to use to transact for product or services they want. 

With regards to government regulation, the development of bitcoin from other country who already accepts it (for me,) will be the reason why other country should accept bitcoin as well. It is now the new revolution of currency for international payments and it opens up tons of opportunity as well especially when reducing payment rates for international transactions.

Even if there are a lot of disadvantages that the crypto currency has and there are a lot of advantages that the fiat can do rather than the crypto currency, there are still advantages that the crypto currency can do and it can also help the economical status and money related services of each and every country if and only if it will be impose someday. For example it can can help money related transactions to become easier and convenient.

[yohananaomi]

what we need is safety of our money,which can make our money is really money .evryone is sure that the world printing money faster than what we worked.so we need bitcoin to beat currency devaluation.

Of course everyone clearly needs money, because with money we can do anything that is clearly related to the interests of our lives. without money, of course everything will be difficult to do because everything is proven that what we do and we need is connected to money. but it is not that easy for people to print money to make ends meet because it must be adjusted with existing foreign exchange reserves.

I agree that Bitcoin is certainly eagerly awaited for this money replacement because the ease with which it is obtained and done with Bitcoin makes the separation that occurs can be trimmed. currently the need for bitcoin is of course very necessary but how can bitcoin be recognized as a legal tool in all countries to make it easier of course it takes time for that.

[Mor254]

Unfortunately, this good currency was used for bad things, and this affected its acceptance by governments, but certainly we need to apply this currency in all countries because its advantages are many and it reduces the price difference between currencies in different countries and helps to improve the economy of countries and cancel the central role

[affandi]

for investment purposes "YES" that's true, besides that Bitcoin is also used for crypto trading, many people have benefited (including me). times are getting more modern and will be completely digital. like it or not, surely the world will recognize bitcoin and accept it (unless the world you mean). ETH and other cryptos were born because of Bitcoin, they are trying to compete with Bitcoin. If Bitcoin didn't exist, it's likely that other cryptos wouldn't exist either.

[taufik0911]

for investment purposes "YES" that's true, besides that Bitcoin is also used for crypto trading, many people have benefited (including me). times are getting more modern and will be completely digital. like it or not, surely the world will recognize bitcoin and accept it (unless the world you mean). ETH and other cryptos were born because of Bitcoin, they are trying to compete with Bitcoin. If Bitcoin didn't exist, it's likely that other cryptos wouldn't exist either.

I think Bitcoin is not a place to invest in the long term because as the creators of this topic say "do we need bitcoin?" I think what we need is a blockchain system not bitcoin
Bitcoin is not as physical as gold and is not backed up with real money or goods
This is my prediction that one day bitcoin will not be valuable and will be replaced by a cryptocurrency that is recognized by all countries and also has better blockchains in terms of transaction speed and transaction fees.
so what we need in my opinion is the bitcoin system, not the bitcoin
if I am wrong, please correct it as this is just my opinion

[Sapphire915]

Let's move backward to those years before Bitcoin came out. Within that years, jobs and businesses are not so digitalized but I guess the economy are just doing fine here in my country. So, I believe we can really live without Bitcoin.
But how? For those people who've been living since the day it came out until now, I don't think it would be easy for them to live without it. For others, it serves as bread and butter and its really difficult for them to lose it. Bitcoin is the most valuable cyrptocurrency and can be converted into fiat anytime we need to. There's already selected countries who legalized it because their Government believes that it could help the people as well as their economy. To others, this may have brought negative thoughts but it isn't enough to think that Bitcoin is really not good. There's a saying that goes, "We cannot please everybody". So, let's just leave it to them and respect their views about it. As long as Bitcoin exists and we are still believing and trusting it, gaining profits/benefited from it, then the world definitely needs it.

[GeorgeJohn]

I have passion in bitcoin because bitcoin it's decentralized and know arm's of government or agency that has authority over bitcoin,therefore cryptoccurrency transaction or business, the business is what you can control by yourself without involving government through license or permit letter for establishment,that's the reason today bitcoin keep on expanding to the world. But that does mean without bitcoin people can't survive in their domain.
At this point we need bitcoin for business transaction's because many has adventure into bitcoin business and also using bitcoin as source of living, so dragging or bringing bitcoin back will caused a lot harm to people in their societies because of their capitals invested in cryptocurrencies network.

[Ayiranorea]

With the traditional currency countries have begun to print on their own without anything backing the currency. This has made the currencies just a printed paper, maybe if it has got the limitations it could've served good. Right now people want the hard earnings to be secure and stay without getting into any major collapse as few country currencies experienced in recent months. Bitcoin being limited in supply when demand counts automatically the value increases. This way even the smaller denomination of bitcoin will get valued.

[Majharul Saiif]

Yes, without any doubt. Because Bitcoin is giving us the opportunity to do which we can't do earlier with security of ours own. It is a tremendous feature of Bitcoin.

I can pay by using Bitcoin now which I can't because of not involving with it. Now we can also think a cashless society if we can ensure the proper use of Bitcoin.

[ufaiz50]

That's the problem while some people think bitcoin is like a double-edged sword. In a government transparency has its own limits and not all can be transparent. In fact, for a tax, the government can do it if they work together, for example, on a local exchanger. The problem is bitcoin is decentral, while the government wants to be central where all actions can be controlled and not in a negative direction such as money laundering, black market and others.

Cryptocurrency is still in the development stage and hopefully in the near future there is a cryptocurrency that will change everyone's view for the better

[perfect999]

Yep, people always wants to hide something, but it all depends on what they are hiding. It’s not everyone that is making use of Bitcoin that is bad. Just like me, all my life I don’t even know what the dark web looks like and I’m not interested in knowing, I just mind my business and I’m not a bad guy lol. So, everybody is not the same. And there are people who like making use of cryptocurrency because the fees that banks and other transfer agencies charges them are too much.

It’s just like me, if I’m about to send money abroad, don’t expect me to go the bank and start filling papers and paying high fees to make use of Western Union, I can’t do that when I have Bitcoin and can simply just use my mobile wallet to send the money in a minute.

[bandungan]

Cash is more often used in money laundering and do you think that cash isn't even used for illegal activities? It's even the most used currency for those methods and this taboo about bitcoin must be changed.

Bitcoin is very much welcome in commercial use and from the perspective of being used illegally, that's changing into the mainstream day by day. It doesn't mean you use bitcoin because you are into illegal activities. You use bitcoin because you know that it's a good investment and a good alternative payment method.

There are several statements that have made bitcoin's image not good, including they say bitcoin is for illegal transactions. that's not a pretty statement but it destroys bitcoin. when in fact bitcoin can be used for positive things such as payments, purchases etc. on several e-commerce sites. we must be able to try to help eliminate the bitcoin statement that bitcoin is not illegal and can be used for positive things

[LimLims]

Yes, without any doubt. Because Bitcoin is giving us the opportunity to do which we can't do earlier with security of ours own. It is a tremendous feature of Bitcoin.

I can pay by using Bitcoin now which I can't because of not involving with it. Now we can also think a cashless society if we can ensure the proper use of Bitcoin.

Some part what you did say is right.
But i am not in favour of the thing is that, we can use bitcoin to leave in a cashless society.
First of all Bitcoin is now also illegal in many countries.
So many people storing their Bitcoins by hiding it from the government.
Moreover ther are many other mode of payments which are also available and are genuinely approved by government to use upon.
I can say Bitcoin is just like a Secret treasure that we can store and gradually the price of it will also increase with the increase in time.
Nevertheless the opinion of different people varies.
So it's better to depend upon our fortune.

[DeadCoin]

Bitcoin has helped me a lot as well often in daily needs. In addition to my own family, my friends are also learned to participate in the goal with Bitcoin's party through my own efforts to educate them. Perhaps, I can't deny this opportunity to others because I only found this stage of knowledge in one friend who wanted to help me in terms of poverty, and because of him, I became a part. for now, I think this is my duty while staying at home so that the coronavirus disease still has no evidence that it is really gone with the wind.