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Author Topic: That's why I really like bitcoin :)  (Read 1743 times)
LDL
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November 02, 2022, 05:31:13 AM
 #161

There are several important reasons why Bitcoin is more important than fiat money.  These reasons are not applicable to everyone, especially due to some political instability in my country, the trust of people, especially the common people is decreasing day by day.  People are no longer dependent on banking conditions as before. The banking system is becoming such that day by day, if you keep money in the bank, the bank deducts more amount from the main account as various maintenance cost than the amount of return.  Moreover, the purchasing limit of common people is decreasing day by day due to political reasons in our country.  So they don't want to take big ricks by keeping money in the bank.  In particular, the probable cause of bankruptcy of government banks is emerging.  So we value bitcoin much more than fiat money in the context of our country.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 02, 2022, 05:35:24 AM
 #162

Everything has its good and bad sides. If we look at the good side of Bitcoin, there are many things that can be done and currently, some people are controlling the entire market. Whenever the market is out of their hands, everything will be better and the price of Bitcoin will increase.
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February 20, 2023, 12:35:09 AM
 #163

lots of people like bitcoin of course for many reasons including as you said,
but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.

but the funny thing is there are still many people who don't like bitcoin.
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February 20, 2023, 01:47:12 AM
 #164

lots of people like bitcoin of course for many reasons including as you said,
but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.
Your reason is very simple, it is also not wrong to express it, although for me it is not a very specific reason. Because if you like something it's just about seeing how it works online, I think there are a lot of coins now where the way it works also has to have an internet network, that is, it has to be online. So, now try to find more specific reasons so that you can continue to like Bitcoin for all time, because if you only like Bitcoin online, I'm afraid that one day you won't like Bitcoin anymore when you can't go online.

Quote
but the funny thing is there are still many people who don't like bitcoin.
There's nothing funny about those who don't like Bitcoin, because maybe they still don't understand what Bitcoin is, so they choose not to like it before they really know about Bitcoin by trying to find out for themselves what Bitcoin is. Or ask people who already know this before, so I don't think there's anything funny about them.

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February 20, 2023, 02:19:41 AM
 #165


Quote
but the funny thing is there are still many people who don't like bitcoin.
There's nothing funny about those who don't like Bitcoin, because maybe they still don't understand what Bitcoin is, so they choose not to like it before they really know about Bitcoin by trying to find out for themselves what Bitcoin is. Or ask people who already know this before, so I don't think there's anything funny about them.

I haven't encountered people who don't like bitcoin, only those in governments that are banning it. Though it doesn't mean that they don't know it, it is just that they are having difficulty or can't access the transactions on it, which they mostly say were used for illegal transactions, and they also can't control it, which is why they banned and hated bitcoin. There are also people who invested in bitcoin but got scammed and told others that bitcoin was scammed, but later on they knew that it wasn't since it was just used by the scammers, and then they would get back into investing in bitcoin.
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February 20, 2023, 04:33:02 AM
 #166

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.


if it is available in your place then why not? you are talking as if in your place Bitcoin can be used in all forms , because In ours? nope this is not possible in which only in Online that offers accepting this (very Few till now)
Lucky if there is availability in that way mate , but I support your Title because I really like bitcoin in all forms of it .










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