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Author Topic: my situation with bitcoin how it helped me real use case today  (Read 518 times)
shoreno
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November 05, 2020, 07:30:06 AM
 #21

im expecting another heart warming story of a user and how btc help them financialy although your case was different but there is still a financial ( money ) and a help on it involved . who suggested to use btc , was it you ? that was still impressive even if he educate himself in his own for a short period of time because he confidently trust btc . he is different from the other people that we know that wont try btc just because they never tried using it before and they also hear negative stories with it . you are also amazing op because you didnt lost your trust in btc while majority are complaining on how high the fee was in btc
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November 05, 2020, 08:15:39 AM
 #22

I am always happy if anyone is helped by Bitcoin, the experiences in the opening post many of have experienced it.
Bitcoin is indeed very effective for sending money between countries, in addition to being cheaper than banks.
The transaction process is also quite fast, I often send money using Bitcoin to my family and friends who are
in different countries.

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November 05, 2020, 09:05:48 AM
 #23

You can ask the other friends to do the same thing as what you did to help bitcoin spreads out among the people in many places. Bitcoin really saves your time and your friend about wanting the money at the same time, especially if you and other people don't have the same bank. Perhaps, there are many other stories about bitcoin from other people who we don't know.

I am sure that you and your friends now understand the basics of the use of bitcoin. I believe that soon after many people do what @OP does, bitcoin can grow more. Despite the high fee of the bitcoin transaction, this is a good story about using bitcoin.

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November 05, 2020, 10:19:37 AM
 #24

Glad that your friend experienced how btc can be use as payments without a hassle. That's the start, you influence him how yo use bitcoin then probably if he/she learns how to benefit from btc, your friend will also encourage others to also use btc. How great that he transferred btc  without some issues even he's a first timer. Good thing, too you were there to guide your friend.
 
 
I wonder how much miners fee did your friend set up to get confirmed the same day. Since transaction fees today are so damn high, and I'm surprised he didn't reacted so much (I assume since you didn't mentioned about it) about how expensive it was

 Of course, he doesn't care about the fees because he only thinks about how to transfer the btc successfully. But time will come he'll gonna realized he paid for huge fees to prioritize his transaction  Grin. Well, Op will give out explanaion to his friend about this transfer fee and everything.
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November 05, 2020, 12:27:57 PM
 #25

Unfortunately, most people in the world still don't realize how beneficial Bitcoin is if you need to make an international transactions, People would rather waste their money on huge fees and wait for days than try something new. It has been theorized that Bitcoin could achieve mass adoption as an international money transfer method, but for some reasons it failed to do it so far.
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November 05, 2020, 12:46:17 PM
 #26

Unfortunately, most people in the world still don't realize how beneficial Bitcoin is if you need to make an international transactions, People would rather waste their money on huge fees and wait for days than try something new. It has been theorized that Bitcoin could achieve mass adoption as an international money transfer method, but for some reasons it failed to do it so far.

In time they will, everything in due time, looking back to when btc was first introduce to the world, only a handful of people accept it then but now the number of people who embrace and accept btc has gone up more than what it use to be, i believe the number will keep growing, this time people will discover btc on their own when they run out of choice just like the friend of op, and then they will embrace btc with open hands,
I don't think it failed, i think the awareness is very limited, it can only fail when it doesn't work but in this case not many people are aware which is very different.

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November 05, 2020, 12:52:58 PM
 #27

It was such a great experience with bitcoin, we only pay a very small fee to transfer large sums of money to great distances.
If you enter the cryptocurrency market, you will experience more amazing things, when your investment is profitable.
However, be careful with the risks that the market can bring.


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November 05, 2020, 01:46:57 PM
 #28

It's good to read that people are sharing how bitcoin helped them with their personal problems, Bitcoin also helped to solved major ones from democracy, and fundraising to support free movements. In that case, bitcoin always serves as the bridge to the gap we have with an assurance that there will be no third-party to control it.

OP you could invite your friend to join here and learn further with bitcoin to understand it deeper as we couldn't consider adoption with just a little experience, real adoption will start when they fully understand what bitcoin is in a sense that they will be responsible enough to use it.
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November 05, 2020, 01:54:50 PM
 #29

Great! Amongst the advantages of bitcoin, this happens to be my favorite. Being about to transact with people across the world. Since I got to know about bitcoin, I've worked for different people who I never knew in person, and they always paid in bitcoin(though the fee can be a challenge) or in other cryptocurrency.
Bitcoin can really make you grow because you can learn how to take risk, how to make yourself stronger, how to get up from failures and how to have a goal in your life. You may also learn a lot of things on bitcoin when it comes to having a business just like how to make yourself about the new season of your business or how can you make your product popular just like what is happening in bitcoin, it is better if you make the price higher if the demand goes high and lower if demand go low.
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November 05, 2020, 02:18:09 PM
 #30

I am sure most of the members of this forum already know that the real use case Bitcoin is very good to use to send money from one
country to another country. But unfortunately many people outside this forum don't know about it, it's our job to educate others who
don't know that sending money with Bitcoin is much better than using a bank.

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November 05, 2020, 03:52:49 PM
 #31

That is the great thing that bitcoin can do for everyone, but because of that, the financial industries and governments do not like bitcoin. They cannot regulate bitcoins and they fear that one day people will switch to cryptocurrencies instead of fiat.


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November 05, 2020, 04:56:05 PM
 #32

the problem with btc is high volatility.

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November 05, 2020, 05:03:00 PM
 #33

so my friend has money but not same bank as me he was different country but he wanted to give money to me and i need it fast so he bought bitcoin and i got money same day Smiley

he never used bitcoins and he thinks now its amazing:)  btc really solved that situation that he had different bank then me and not possible physically to give money

That's actually one of the advantage and edge of Bitcoin. It's accessible and convenient for us to use than banks, especially in emergencies like you had. I was also having the same struggle of transferring funds through bank transactions before because it usually takes 3-4 business days but when I started using Bitcoin, I could transact instantly which I'm grateful for. There might be pros and cons but it still depends on how you handle crypto transactions.
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November 05, 2020, 05:38:08 PM
 #34

I wonder how much miners fee did your friend set up to get confirmed the same day. Since transaction fees today are so damn high, and I'm surprised he didn't reacted so much (I assume since you didn't mentioned about it) about how expensive it was
Of course, he doesn't care about the fees because he only thinks about how to transfer the btc successfully. But time will come he'll gonna realized he paid for huge fees to prioritize his transaction  Grin.

Maybe he is aware of how much the transaction fees have cost if he's a long-time user of bitcoin. His friend can choose what fees does he want for the transaction but these fees have a corresponding time on when will you receive the amount. Ofcourse to speed up the transaction he must pick the large amount transaction fees.

the problem with btc is high volatility.

Sometimes bitcoin's volatility can be a great time opportunity to buy and sell your bitcoins. It will become a problem if the price of bitcoin continue to dump.
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November 06, 2020, 02:19:30 AM
 #35

so my friend has money but not same bank as me he was different country but he wanted to give money to me and i need it fast so he bought bitcoin and i got money same day Smiley

he never used bitcoins and he thinks now its amazing:)  btc really solved that situation that he had different bank then me and not possible physically to give money
Ill think you friend now is happy that send you a bitcoin easily and just like other comments here are no third party that can struggle you a lot. And maybe your friend now is trying to use bitcoin as payment because there are some stores or any businesses that accepted bitcoin. And yes thats true bitcoin is amazing on when the time need money bitcoin are still there, And the one thing said bitcoin is a scam are those people not try on how useful bitcoin it is.

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November 06, 2020, 04:06:45 AM
 #36

Well, basically bitcoin certainly has a good side, and its benefits in transacting online, can help many people on the financial side of this situation. The soaring price of bitcoin, it must be due to social distancing as well, most of the people of course prefer safety efforts in this kind of situation and stay at home, but it can earn money.
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November 06, 2020, 11:34:49 AM
 #37

so my friend has money but not same bank as me he was different country but he wanted to give money to me and i need it fast so he bought bitcoin and i got money same day Smiley

he never used bitcoins and he thinks now its amazing:)  btc really solved that situation that he had different bank then me and not possible physically to give money

That was a good experience between you and your friend. Now, both of you know how useful bitcoin is and how fast the transaction than banks. Bitcoin is a hassle free transaction in just a minute. Bitcoin has a lot of benefits and very useful specially this time of pandemic.

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November 06, 2020, 11:45:00 AM
 #38

This is actually the mission of Satoshi why he created bitcoin a peer to peer payment system with no borders and less payments fees compared to existing money transfer services, you can also share it Op in your social media circles of friends so that many people can also try how bitcoin can help one individual can transfer money from one country to another fast and without huge fees involved.   

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November 07, 2020, 09:20:47 PM
 #39

Great! Amongst the advantages of bitcoin, this happens to be my favorite. Being about to transact with people across the world. Since I got to know about bitcoin, I've worked for different people who I never knew in person, and they always paid in bitcoin(though the fee can be a challenge) or in other cryptocurrency.
Bitcoin can really make you grow because you can learn how to take risk, how to make yourself stronger, how to get up from failures and how to have a goal in your life. You may also learn a lot of things on bitcoin when it comes to having a business just like how to make yourself about the new season of your business or how can you make your product popular just like what is happening in bitcoin, it is better if you make the price higher if the demand goes high and lower if demand go low.

I don't really understand what you. Bitcoin isn't about the things you just said... It may help you learn how to take risks but helping you learn how to get up from failures, and how you can make your product popular... Nah. That's not bitcoin bro.



 

 

 

 

 

 


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November 08, 2020, 04:49:46 PM
 #40

Great! Amongst the advantages of bitcoin, this happens to be my favorite. Being about to transact with people across the world. Since I got to know about bitcoin, I've worked for different people who I never knew in person, and they always paid in bitcoin(though the fee can be a challenge) or in other cryptocurrency.
Bitcoin can really make you grow because you can learn how to take risk, how to make yourself stronger, how to get up from failures and how to have a goal in your life. You may also learn a lot of things on bitcoin when it comes to having a business just like how to make yourself about the new season of your business or how can you make your product popular just like what is happening in bitcoin, it is better if you make the price higher if the demand goes high and lower if demand go low.

I don't really understand what you. Bitcoin isn't about the things you just said... It may help you learn how to take risks but helping you learn how to get up from failures, and how you can make your product popular... Nah. That's not bitcoin bro.
Exaggerated in a way. He must be talking about the experiences as an investor or trader wherein it is related to decision making and such but that's not the focus of this topic.

But going back, Bitcoin as the mode of transaction is the bottomline. Transactions are fast and fees are lower then in fiat transactions. But things will be different if it is investment means because there will be risks. Good thing that Bitcoin helped you in your situation but that won't still be enough to convince all countries to adopt this technology and with that being said, there will still be limitations before more people make use of its advantages as a medium.

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..PLAY NOW..
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