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Author Topic: What is bitcoin for you?  (Read 1066 times)
Mpamaegbu
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May 10, 2024, 10:53:16 AM
 #81

Alright, I should've asked: What is bitcoin for you?
For me, Bitcoin is a payment medium and asset. Chiefly, it's more of an asset than even money. It's the asset side that makes investment in Bitcoin interesting and that's why speculations go on around it. Investors want to know at what point it's likely to give them great ROI before they invest and that's why we've a circle comprising bull and bear seasons. On its own as money, Bitcoin wouldn't be having the level of traction it has been having, the volatility and all that. It would be just like stablecoins.

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May 10, 2024, 11:03:23 AM
 #82

for me? Bitcoin is one of the keys that leads to become wealthy and having a comfortable life in the future, bitcoin is our future money and I believe that the value of this coin will increase 10x higher than today since many people are having an interest when it comes to cryptocurrency, What's amazed me is that even those younger generation are more aware and knowledgeable how bitcoin works, They even become more interested when it comes to trading and investing which is not that typical if you compare it to those younger peeps many years ago.The negative image before about bitcoin as a scam and not reliable digital money is already vanished.
There are many negative problems that arise and are deliberately associated with Bitcoin, but if people are more aware of the truth, they can definitely be corrected. Fraud is inevitable because it happened long before bitcoin existed and it is in the nature of individuals to commit it. If people say Bitcoin is a scam because they are not involved in it then they will never know the truth.

I found financial freedom in bitcoin and while getting to know bitcoin I have also received real benefits in financial terms. Bitcoin adoption has also become very widespread throughout the world and this will continue until people can see the advantages that bitcoin shows.

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May 14, 2024, 11:22:31 AM
 #83

Many people have various perspectives regarding Bitcoins. If you ask me then back in 2016, it was just a coin with which I was doing online gambling at crypto casinos. At that point of time I didn’t know the actual value of the coin. I just exchange my cash for BTC, use it to gamble, win and then again exchange it to cash. But now for me Bitcoins are the best asset to make money or investment. I have seen Bitcoins growth from 100$ to 80k usd. Hence I know what it is capable of. So for me Bitcoins are now very precious coins whose value is increasing day by day.

Is it not crazy how much our perception of bitcoin has changed?

I remember having heard about it but not really caring much not giving it too much thought but look at me right now. Bitcoin has given me hope and a new purpose in life. It has given me sense of direction previously not knowing what to do or how to proceed with life anymore.

Life is difficult but the addition of bitcoin into my life has nothing but been a blessing and I really do hope I get to make the most out of it.

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May 14, 2024, 07:03:09 PM
 #84

Bitcoin to me is hope, an escape from the shackles of the fiat world. Governments & Central Banks are printing away fiat savings so in order to preserve our purchasing power we have to do something. Luckily Bitcoin is here to save us, I don’t know what I’d do without it. Bitcoin has given me so many opportunities, I don’t know what I’d do without it.

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May 14, 2024, 07:09:58 PM
 #85

Give me your best answers, videos, urls, stories, anything

for me it is the history, people connected to it, the community and everything surrounding it.
I must say the first comment drove me into checking up your profile and at an instant, it’s almost evident that you’re not really concerned about the topics you create. You’ve got 50 posts and 17 of those are topics, low value topics at that, in fact, one is even to be removed or something.

If you really hope to learn, I doubt you would go far with the methods you’re employing. You should try to be more detailed while creating your threads, show some effort in cause of its creation, do researches even, it would stimulate your desire to know and that would be a big boost for you.



To keep it simple and on thread, I would say Bitcoin is the future of finance and getting in early creates for you an uneven advantage to those that would come later.

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May 14, 2024, 10:05:42 PM
 #86

For me, Bitcoin is one way to achieve financial freedom. Apart from that, Bitcoin also has no control from a third party because usually anything controlled by a third party will be at risk. But not with Bitcoin because the control of Bitcoin assets is with you. The benefits of bitcoin are numerous and can vary according to individual needs. The benefit for me now is that my economy since getting to know Bitcoin has gotten better, at least this is the real benefit I got before and after getting to know Bitcoin.

But the benefits In general, one of the advantages of bitcoin is that it is also an asset to hedge against inflation, and of course bitcoin is a rare asset in the future (because its supply is limited) which must be invested to achieve financial freedom.

 
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May 15, 2024, 08:09:20 AM
 #87

Give me your best answers, videos, urls, stories, anything

for me it is the history, people connected to it, the community and everything surrounding it.
Bitcoin at first something that took my interest as I am looking for some place to generate me income because I am losing my Job that time and then bitcoin comes.

after several months of digging and understanding? i started to invest and hold that made me having a good return in December .

so now what is Bitcoin for me? this is what made me own a house now because of all that i gather from bitcoin and also altcoins investments.
Bitcoin to me is hope,

why Hope? have you never taste anything from bitcoin yet?

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May 15, 2024, 09:46:56 AM
 #88

for me, bitcoin is an alternative payment, business, investment and freedom. However, bitcoin encourages me to be more active in doing business, and think about strategies to increase the assets I own. Since I was in college, I have always focused on building assets through bitcoin. Because of that, I feel that bitcoin is more than just a payment alternative, and has a broader meaning. I think it's not just me who feels this.

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May 15, 2024, 01:41:45 PM
 #89

Well as for me Bitcoin operates without a finance system or government authority, l like that one a lot.
Bitcoin have helped so many people in life after losing their job with government or any other organisation
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May 15, 2024, 01:59:40 PM
 #90

Inasmuch as different people have different perspectives of what Bitcoin is to them, to me, Bitcoin is an asset which gives long term hope for the future, it is a currency without limit, which could be access from anywhere around the world, irrespective of your race, color or region. It is the one currency that have turn the whole world into one community with a generally acceptable currency called Bitcoin. And a currency likely to liberate the many from poverty who could afford to buy and hold to long term. So that's what Bitcoin means to me.

 
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May 15, 2024, 02:23:54 PM
 #91

I think BTC is one of the best investment mediums that can make huge profits by holding it for a long time. For investment success you should get in the habit of depositing BTC regularly. In this case, the DCA method is the most simple and popular, which can be obtained at the dips price by running for a long time (average price).This is basically why everyone should choose BTC as an investment.

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May 15, 2024, 03:14:12 PM
 #92

For me Bitcoin is the best coin of all time, which is the top of all for long term investment. A huge amount of money can be made from Bitcoin, if you invest and hold Bitcoin for a long time. You can invest in Bitcoin in any way, any amount, at any time. However, what most people choose is to invest using the DCA method, which greatly affects a long-term holder. You invest a portion of any amount from your income into Bitcoin on a weekly or monthly basis using the DCA method. Invest in bitcoins just like savings and keep it for a long time, it will affect you financially in the future.

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May 15, 2024, 03:30:14 PM
 #93

Give me your best answers, videos, urls, stories, anything

for me it is the history, people connected to it, the community and everything surrounding it.

Bitcoin is actually unique, it solves the puzzle that people have been yearning for and forces the government to accept it. And thanks to the brilliance and wisdom of Satoshi Nakamoto that made it decentralised in such way that no government can reach it, talkless of controlling it or bringing it down, and for being secretive about in the beginning. If not, the government would have stopped it before it saw the light of the day and Satoshi would have also suffered the worst fate because they would have said he wanted to sabotage the economy of the world which is a very serious allegation.

But today, Bitcoin is the pioneer of all cryptocurrency and it uses a unique system of cryptography which makes it very unique. Bitcoin is also problem solver and barrier breaker in the sense that it helps us who our countries are being segregated in the international payment solution where we will be forced to use wire transfers and other expense channels. Bitcoin is equal before everyone without any discrimination whatsoever, and for that alone. I love it so much. However, no matter what Bitcoin stands for and how I appreciate it, it remains an asset, a means for investment, and I will not think of it more than that to the point that I will now start idolising it like some people do which often cloud their investment judgements.

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May 15, 2024, 03:57:27 PM
 #94

Give me your best answers, videos, urls, stories, anything

for me it is the history, people connected to it, the community and everything surrounding it.


Bitcoin is the newest and strongest digital currency that allows some one to send and receive  money to their love ones without the interference of a third-party such as bank or government, it is a financial freedom and also a means of investment in form of savings for our future, it can make some one rich if hold for longer period as it value increases with time.
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May 15, 2024, 04:43:50 PM
 #95

Alright, I should've asked: What is bitcoin for you?
Bitcoin is the currency that can be used depending on the situation and goals. If the purpose of using Bitcoin is for a transaction, Bitcoin makes it very easy for me to travel to all corners of the world at any time without having to wait for service uptime.
If the goal is to use Bitcoin as an investment asset, Bitcoin is number one in the long term as a hedge and other benefits that can be expected.

For you?

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May 16, 2024, 03:54:55 AM
 #96

Bitcoin is a kind of digital currency it is decentralized no one controls the price and it is a good investment, bitcoin will surely become more popular in the future that even a young people will know about it and how to earn by just holding it, i believe that the price of bitcoin will become double in the future because many people will use it in the near future.

It is very appropriate to say that investing in BTC will become double in the future For BTC myself, I am quite sure and the growth rate itself, we can see the progress has been very impressive when compared to a few years ago, let's say the value of BTC in 2023 was only 33K and now it has doubled to 66K with only 1.7 years of waiting. For corrections it always happens but it is normal because that's how the market works, there are ups and downs. It's a no-brainer once.

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May 16, 2024, 06:22:10 AM
 #97

To put it simple I would say bitcoin is a digital money that allows us to do online secure transactions without any third party interferences and it was also the first decentralized crypto in the world  .People globally can use bitcoin from anywhere. The main part is the value of Bitcoin continues to increase year by year unlike any other stocks .I like Bitcoin because if there is any transaction done there is no transaction costs unlike other stocks . It can be kept as a future asset as well.

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May 16, 2024, 07:36:54 AM
 #98


Alright, I should've asked: What is bitcoin for you?

This is a really broad question, but okay here's my thought.
Bitcoin for me is :
- A very volatile currency and a store of value.
- A currency that offers direct person to person transaction from all over the world without the use of any 3rd party payment processors or even banks.
- An opportunity where you can put your money to protect from hyper inflation while earning profit at the same time.
- Imposes threat on banks and government at first, but they later realized it's too good of an opportunity to miss and so they will need to find a way to at least get a portion from those who are profiting from it aka taxation & regulations.

These are just what I thought and what I thought everyone else thought about bitcoin. There's actually a long list how I define bitcoin, but I just highlighted what's the most common and relevant answer to the question.

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May 16, 2024, 07:57:13 AM
 #99

Many people have various perspectives regarding Bitcoins. If you ask me then back in 2016, it was just a coin with which I was doing online gambling at crypto casinos. At that point of time I didn’t know the actual value of the coin. I just exchange my cash for BTC, use it to gamble, win and then again exchange it to cash. But now for me Bitcoins are the best asset to make money or investment. I have seen Bitcoins growth from 100$ to 80k usd. Hence I know what it is capable of. So for me Bitcoins are now very precious coins whose value is increasing day by day.

Is it not crazy how much our perception of bitcoin has changed?

I remember having heard about it but not really caring much not giving it too much thought but look at me right now. Bitcoin has given me hope and a new purpose in life. It has given me sense of direction previously not knowing what to do or how to proceed with life anymore.

Life is difficult but the addition of bitcoin into my life has nothing but been a blessing and I really do hope I get to make the most out of it.

I still don't really understand what you're trying to say. How can bitcoin give you hope and new purpose in life when it's just money, and for you to own it, you need money, isn't it given to you for free? After all, bitcoin is just money and we also need to make efforts to own it, it is not a god or a panacea for the world or to heal all wounds for everyone. Especially mental wounds, how can bitcoin heal you?

Bitcoin is a financial tool and if someone can take advantage of the benefits it offers, they can improve their finances, other than that I don't see it having any medicinal uses.

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May 16, 2024, 08:32:51 AM
 #100

BTC for me is something that is most revolutionary and pure and has strong defense. Apart from the No. 1 digital currency in crypto, it also has functions that can be used in the future to make things easier and shorter with existing technology. This is also the right investment choice during economic instability if it occurs at any time

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