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Author Topic: That's why I really like bitcoin :)  (Read 1743 times)
hatshepsut93
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September 03, 2022, 11:14:46 PM
 #21

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

Physical space for holding money is not precious, it's absolutely not a problem, unless you're a Walter White.

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.

And online banks are available 24/7 too. Or PayPal. ATMs too.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

"Memes and GIF games (idk what's a GIF game" are not a good argument for finance. Actually makes it sound like a scam. And just because people have an intention of making a better financial system doesn't mean that it is already better.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

Bitcoin network doesn't have intermediaries, but its ecosystem does. So if you're using centralized exchanges or a merchant is using a payment processor that convetrs BTC to fiat, there will still be fees.

And as for fighting government corruption, it's still just a theory. There's no succesful cases in the world where a government adopted Bitcoin and it helped solve corruption.

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TelolettOm
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September 03, 2022, 11:44:31 PM
 #22

The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.

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Jody.Drummer
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September 04, 2022, 09:39:20 AM
 #23

The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
This is one of the positive things that happens when we are in bitcoin because indeed not a few people feel that way and the perspective and improving financial conditions is one that can be taken here.
I also feel the same way because now I am in a better living condition than before and indeed bitcoin has really changed me to keep an open mind and not rule out technology that is getting more and more sophisticated.

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September 04, 2022, 10:16:41 AM
 #24

Well, there are many reasons why I like Bitcoin, some of which are below
It made possible to send  and get money anywhere at anytime.When you have capital in the form of Bitcoin, your capital is under your complete control.When you have Bitcoin you don't have to worry if there is a bank holiday or any other problem you are completely free.In case of Bitcoin you can make as many transactions as you want and this method is also secure.The biggest advantage of Bitcoin is that no one can steal your capital.Your identity remains confidential during money transactions.

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September 04, 2022, 10:34:02 AM
 #25

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.
Bitcoin is very simple because bitcoin is an asset that is built with a technological system so it is very possible for us to take it anywhere and access it whenever we want and with bitcoin we also don't need to be afraid if one day there is a confiscation of assets because they can't easily take our bitcoin without know the key phrases in advance to access our wallets, unlike real estate assets where when war broke out like in Ukraine now then of course their Russian army can snatch land from our owners easily and then they turn it into Russian state property.

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September 04, 2022, 11:17:36 AM
 #26

Due to this decentralised nature, no government is able to impose tax on Bitcoins and to be honest people really loving it when they are not forced to pay additional money.
And that's the exact reason why most countries are banning Bitcoin because they are afraid of losing the frequent tax money they usually gets from firms and bank charges for saving money in banks since Bitcoin offers a decentralized nature whereby we have the total control of our funds, and what most journalist does now is spread fake news about Bitcoin just to scare away in countries where Bitcoin fully legalized

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September 04, 2022, 03:03:37 PM
Merited by JayJuanGee (1)
 #27

A very enthusiastic post. OP, have you personally benefited much from owning Bitcoin? Are you rich? Do you like to pay with bitcoin in cafés, shop online, or on the Internet, or do you just hope that you can do it one day? Everything I do with bitcoin now, I just wait, hold, and wait. I won't waste it on coffee or anything like that. This is the moment of hibernation, which may one day bring me profit. But again, it all depends on the amount we hold. 
It is great to attract people to join Bitcoin; all its qualities are very practical and useful, but today, when I look at the people around me who diligently save on everything, I am shy to encourage them to invest in bitcoin. 
Maybe later.

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September 04, 2022, 03:22:49 PM
 #28

I like bitcoin literally it is because of my country's adoption and of course safe from thieves like you are having a lot of physical money precious stones and metals as investments which can endanger someone's life most especially when you are living in a third world country like mine. Though Bitcoin for me is best when you buy and hodl as an investment but here i can actually use it to buy things online unfortunately I have nothing but wallet only since I had nothing to invest as I am in the process of recovering from the super typhoon.



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September 04, 2022, 04:08:43 PM
Merited by JayJuanGee (1)
 #29

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

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.
In addition to that, the reason why I personally like Bitcoin is because of its
No censorship- all transactions are operated through p2p protocol without any third parties.
Scarce - the limited total supply
Transaction fee - the fee required to make the border-to-border payments using BTC is cheap than fiat/gold
Bitcoin is antifragility to attacks.

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc.
This is very important because I have seen people giving up easily when things have gone sour in the crypto market through the normal occasion that will always happen in the crypto market.

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September 04, 2022, 04:19:02 PM
 #30

The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
This is one of the positive things that happens when we are in bitcoin because indeed not a few people feel that way and the perspective and improving financial conditions is one that can be taken here.
I also feel the same way because now I am in a better living condition than before and indeed bitcoin has really changed me to keep an open mind and not rule out technology that is getting more and more sophisticated.

Arguably, the most positive thing when people talk about bitcoin is that bitcoin has dramatically improved their financial situation. I am a part of that myself, bitcoin has given me a lot of things that I thought I would never get if I continued with my day job. It doesn't stop there, bitcoin helps me realize the banks control my money, I work hard to make money and they are the holders of my money, it's not fair. Since having bitcoin, I have always confidently stored my assets without having to worry about my money being robbed whenever.



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September 04, 2022, 10:07:34 PM
Last edit: September 05, 2022, 08:17:54 PM by ololajulo
 #31

I like bitcoin literally it is because of my country's adoption and of course safe from thieves like you are having a lot of physical money precious stones and metals as investments which can endanger someone's life most especially when you are living in a third world country like mine. Though Bitcoin for me is best when you buy and hodl as an investment but here i can actually use it to buy things online unfortunately I have nothing but wallet only since I had nothing to invest as I am in the process of recovering from the super typhoon.
Is good to be happy with country's adoption but expected to see regulations as time passes by the government. Some of these regulations come to protect the citizen and some to levy holders, control the size of the portfolio, and monitor conversion to fiat. It is not likely to replace the country's currency as long as they dont control it. The only option is for the government to introduce their stable coin

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September 05, 2022, 01:54:15 AM
 #32

Bitcoin has changed my life from financial matters and about what cryptocurrencies really are and what they mean and function,
Bitcoin is not only human freedom in finance in terms of payment and transaction freedom, which is not dependent on the bank we use so far,
I love Bitcoin even though it's still not perfect
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September 05, 2022, 02:41:50 AM
 #33

The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.

I have heard many people saying that bitcoin changed their lives, i wonder if this is because of their holding as the price of bitcoin always increases from 2012 onwards or if they are doing trading bitcoin and crypto.
Doing job / Work for bitcoin has more to do with your skills as bitcoin is just a mode of receiving payment for the work you do.
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September 05, 2022, 05:12:51 AM
 #34

I feel the same way behind the reason why I love bitcoin. and also because I have full control over the assets I keep. and I don't have to bother going to the bank to save. After I got to know bitcoin I became less likely to go to the bank. even when my distant relative in need of money then I do not need to use the services of a bank anymore. because the cost of transferring money across countries through banks is quite expensive. because my brother is now also familiar with bitcoin. so i sent bitcoins worth of money needed to my brother's bitcoin address.

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September 05, 2022, 05:44:07 AM
Merited by JayJuanGee (1)
 #35

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
I will not say that Bitcoin is like a bank, in which aspect?
The bank is centralized and Bitcoin is not. The bank is only open during working time (except for some of its features that can be accessed 24/7, but not all aspects can.), and Bitcoin can be accessed 24/7. The bank needs more regulation and Bitcoin is not.

In a way, bitcoin is also a bank, our own bank. We can keep and manage our assets on our own, without the need for a third party to manage them, and without having to worry about our assets being stolen or frozen by someone.


But, BItcoin has more than banks can do, Bitcoin is not only a currency but also an asset for high worth investment.

Bitcoin is obviously better than the traditional bank, but sometimes we still need the existence of the bank, can not eliminate the bank completely. When you need money or capital to cover emergency situations, bitcoin will not help you in this situation, but with the bank it can. They are willing to help you with certain conditions, although they do not help us for free but in this case the bank is necessary.

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September 05, 2022, 05:46:33 AM
 #36

Bitcoin was created for new payment systems but not to replace existing payment systems. Bitcoin is a very innovative alternative payment instrument that can be used anytime and anywhere as long as the first party [sender] and the second party [recipient] both agree to accept bitcoin as a means of payment.

People love bitcoin for a number of reasons, and I think they will differ from one another. If I like bitcoin for its high price, then you will probably like it for its decentralized nature. Bitcoin is the same as bank, it's yours but remember that it's not your key then it's not your bitcoin.
It's true that bitcoin was created for new innovations as an alternative that is widely used today, maybe because decentralization makes it easier for people whenever they are needed, including some friends, I can transact, just sender and receiver, it's done.
Although the existing payment system will not be replaced but in my opinion this will be a rival to bitcoin because the article has many who transact bitcoin but everything will happen if mass adoption really exists.

Bitcoin has indeed been liked by many including me who continues to invest in bitcoin in any way, because I think bitcoin will be high in the very near future, even though the profit is high / high risk but this is still my reference to bitcoin compared to other assets .

My aspect of bitcoin makes for an important record for my investments in the next few years.

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September 05, 2022, 08:36:48 AM
Merited by JayJuanGee (1)
 #37

I like bitcoin literally it is because of my country's adoption and of course safe from thieves like you are having a lot of physical money precious stones and metals as investments which can endanger someone's life most especially when you are living in a third world country like mine. Though Bitcoin for me is best when you buy and hodl as an investment but here i can actually use it to buy things online unfortunately I have nothing but wallet only since I had nothing to invest as I am in the process of recovering from the super typhoon.
bitcoin and crypto are only safe until the one having them keep them safe. everyday hundreds of thousands dollars worth of bitcoin and other altcoins being stolen. hacked and scammed from innocent and uneducated bitcoin and crypto holders because they know how to protect their coins and which wallet to use and not share their private keys to anyone.
it is true that bitcoin is safer than physical money. but still there are risks and everyone should always be cautious about that.

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September 05, 2022, 02:44:12 PM
 #38

yes, with bitcoin
make our economy better and now when the world economy is down even bitcoin there are still many who like and very many invest in bitcoin, and many people are successful from investing in bitcoin, and that's why many people like bitcoin because investing in bitcoin can achieved by all circles, and now my economy is also helped because I invest in bitcoin and I invest in bitcoin for long-term and short-term investments. and uniquely investing in bitcoin can start from small capital or large capital. that's why more and more people are now liking bitcoin. and I think in the future bitcoin will definitely be more advanced.
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September 05, 2022, 02:47:13 PM
 #39

I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day. The widespread use of bitcoin and its emergence as a substitute for traditional payment methods is a positive indication in any nation.
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September 05, 2022, 03:37:11 PM
 #40

Those attributes which you have highlighted are especially suitable. Bitcoin is actively used and practically every person is interested in investing in bitcoin. The returns of cash which bitcoin generates are more substantial. Actually bitcoin is recognized in every nation and locality and is more acknowledged  as compared to the others. Now a days the bitcoin is suffering from the declining and reducing  price but there is a great deal of hope for its evaluation to reach a peak again.

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