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Author Topic: What is bitcoin for you?  (Read 1066 times)
Pandu Geddon
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May 02, 2024, 03:26:22 AM
 #21

Many Bitcoin users have already benefited. either from investing in Bitcoin in the past or from using Bitcoin as a means of payment.
I used to focus on collecting Bitcoins and making a profit from the investment. but now, we can shop for goods or services with Bitcoin from platforms that accept payments in Bitcoin.
such as purchasing hosting for our work needs. or any item. we haven't seen this happen all over the world. but maybe it's only a matter of time when everyone realizes the benefits that can be gained from using Bitcoin. Not just investing and getting profits, Bitcoin has better value.

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YUriy1991
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May 02, 2024, 03:31:16 AM
Merited by Andrija Branislav (1)
 #22


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

Do you see the current financial crisis as the object of all the inequality caused by governments, which are always negligent and fail to maintain economic stability? There are many found that they only work for personal gain and their class by always bringing issues about the fate of people who are in difficulty to smooth their programs.

If so, prepare yourself and your belt for now otherwise we will always be in the condition we are now. If not, you can just relax but there are severe financial risks that will hit the future.

In addition, BTC is also an attractive choice for business people who want to expand their business into the international market and now we are required to have a foresight not even backward because the world continues to move forward OP.

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May 02, 2024, 05:29:03 AM
 #23

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.

Well, literally speaking, Bitcoin for me is a type of digital money; it is not even touchable, but it can be exchanged in any fiat country we are in. And apart from that, it is also a long-term investment that can also be considered because it is like investing in mutual funds, with the only difference being that this bitcoin increases in value as time passes.

This is also an opportunity for anyone who will believe in this, because I believe in what I am saying because it has been proven and tested, to be honest.

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May 02, 2024, 05:32:26 AM
 #24

What is bitcoin for you?

The counter question will be, does it vary from person to person? It's not a feeling or something. Bitcoin is a currency, but if I say it is gold or diamond, it won't change. Almost everyone sees Bitcoin as a currency and an asset where we can invest with the hope that we may get a good return in the future. According to the whitepaper
Bitcoin: A Peer-to-Peer Electronic Cash System

So, if you ask what Bitcoin is for you, This is not a question buddy. The answer does not change. No matter to whom you ask it. It's still money for the rich people and even for average people like me.

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May 02, 2024, 12:24:13 PM
 #25

Many Bitcoin users have already benefited. either from investing in Bitcoin in the past or from using Bitcoin as a means of payment.
I used to focus on collecting Bitcoins and making a profit from the investment. but now, we can shop for goods or services with Bitcoin from platforms that accept payments in Bitcoin.
such as purchasing hosting for our work needs. or any item. we haven't seen this happen all over the world. but maybe it's only a matter of time when everyone realizes the benefits that can be gained from using Bitcoin. Not just investing and getting profits, Bitcoin has better value.
the volatile nature of Bitcoin coupled with the upward trend of Bitcoin has blinded alot of people from seeing that Bitcoin decentralized nature that enables seamless international transaction is one of it greatest feature that made it popular from the outset. Bitcoin might have gained a lot in terms of it value over the years making it one of the greatest investible asset in the globe but it decentralized nature still stands out as one of its top feature.
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May 02, 2024, 12:55:54 PM
 #26

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 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.

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May 02, 2024, 01:28:14 PM
 #27

Bitcoin is a digital currency and more popular for investment. It is a currency that you can hold for long term and you will get very good profit. These coins can be used to make financial transactions online. Since cryptocurrency transactions are conducted through the blockchain network, there is no proof of origin. The biggest thing is that there is financial freedom.
that are not people most is when they purchase bitcoin and the price is high and later the price of bitcoin began to depreciate, measuring people who invest at that moment does not get a encouraged as the price of Bitcoin is depreciating so that is why you cannot blame anyone who purchase bitcoin when the prices are so it is better for you to purchase a bitcoin when the price is low and after the increment I'm the price is dropping slowly in the market so you will not get much upset and you will not panic because you know when you purchase your bitcoin and you also know the profit you have made when the price increases so investing in Bitcoin in something good but I know quite well that holding a bitcoin is good to but it is when you purchase when the prices is low

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May 02, 2024, 01:32:15 PM
 #28

Bitcoin means different things to different people. For some, Bitcoin is digital currency and should be used as such. For many, it is an investment - an asset they can use to hedge inflation and hopefully make profits in the future. For others, Bitcoin is freedom from the system - freedom from financial institutions and governments. For crypto traders, Bitcoin is a tool for trading on the crypto market. And for me, Bitcoin means all of these things.
It can be said that the original purpose of bitcoin created by Satoshi was just to become a peer-to-peer currency without the need for third-party intervention. But now bitcoin has been used by people in many different cases and it depends on each person's needs. To me, bitcoin is nothing more than a multifunctional tool such as an asset, a peer-to-peer currency, a tool that can turn us into our own bank...and so much more other use cases. We can use bitcoin depending on different cases and circumstances. Don't care what other people use bitcoin for, use bitcoin the way you think is most comfortable for you.

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May 02, 2024, 01:36:34 PM
 #29

What is bitcoin for you?
I know that there is a normal definition of what bitcoin is, but I have always said I consider bitcoins as a step to wealth, And that is because that is what I see it as. Before investing in Bitcoin or knowing about Bitcoin I always wonder how it's possible for someone to run into wealth, Bitcoin has given me hope of that possibility.
Bitcoin is a good opportunity at a better life, investing in bitcoins today can secure the future of tomorrow.

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May 02, 2024, 01:53:06 PM
 #30


Alright, I should've asked: What is bitcoin for you?
I can use Bitcoin as a digital payment option if I want to do that but I can also use it as an investment tool, because looking at the history of Bitcoin prices will give you bigger profits if you want to hold it longer.
Bitcoin is different for everyone, some even only think of it as a coin for trading on the exchange to get profits in fiat because they consider fiat to be much more valuable than Bitcoin.
Whatever people think about Bitcoin is based on the information they get and also their experience while learning about Bitcoin, and what is wrong is when they consider Bitcoin as a coin that can make them rich quickly or who consider Bitcoin a scam and also a bubble

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May 02, 2024, 03:00:03 PM
 #31

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 an investment for me. I do not considered Bitcoin as a currency system because it is slow and expensive compared to the options we have. So it is a pure form of investment which I believe has the power to outperform all other investment assets. I have been investing in Bitcoins in a long time now and I will continue for few more years before stopping. Then I have a plan to keep all my Bitcoins in a cold storage for my retirement. If everything goes well I might retire early.

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May 03, 2024, 01:57:33 AM
 #32

Many Bitcoin users have already benefited. either from investing in Bitcoin in the past or from using Bitcoin as a means of payment.

Bitcoin for me is a land mine of opportunity online. Not only in monetary value but also the value it gives to the community. You go in forums, you see people teaching each others or heightening their asset securities. You go on twitter, you will see people sharing tips and information about the lowcaps or trending investments.

Not only Bitcoin gives a future for a broader investments but also the knowledge it can give in the 21st century. Like for instance in businesses. It's a lot more advantageous because they business owners now leverage the power of compounding in cryptocurrency.

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May 03, 2024, 02:13:05 AM
 #33

Although Bitcoin could indeed mean differently to different people, that's secondary. How you personally treat Bitcoin is secondary to what Bitcoin strictly is. Especially to a newbie, I'd rather stick to the definition of Bitcoin as "a peer-to-peer electronic cash system" than those various figurative and subjective interpretations of Bitcoin.

I mean, yeah, Bitcoin is "financial freedom", "digital gold", "the community", and so on and so forth, but it doesn't actually explain to somebody what Bitcoin truly is.

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May 03, 2024, 03:09:57 AM
 #34

Bitcoin is a very valuable currency not only to me but to everyone who knows about Bitcoin. For those who know about investing but don't have enough money to invest, Bitcoin investing is like a dream. Many times many people share how much they have struggled to invest which is great to hear and I feel very lucky to have enough investments. Many people have achieved success by investing. Such stories are often shared by many who hear the stories of how successful they are in investing and we should also achieve that success. Those who have investments in Bitcoin want to hold their investment for a long period of time and grow their investment so that they can earn a substantial profit from that investment in the future. Those who don't have investment try how to start their investment. That is, for those of us who know about Bitcoin, Bitcoin is an emotional place.

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May 03, 2024, 03:33:52 AM
 #35

For me, bitcoin is just something that you can use to make your life much easier in terms of finances, that way you can be sure that you won't ever see yourself in dire situations when you've got a way out, that's what bitcoin is, a way out for people that wants to escape the pitfalls of poverty, no two ways about it. As much as we like to embellish what bitcoin is to us, at the most basic, bitcoin is just a financial tool for you to do the things that you want to do in life, imagine your life without bitcoin, you will be struggling with the payments of your bills, you wouldn't be able to buy those new shoes because your salary is just enough for the basic needs and the bills. Bitcoin is liberty, freedom, and anything in that term but ultimately it's just a tool.

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May 03, 2024, 04:35:35 AM
 #36

Well Bitcoin for me formally though is digital currency only, as part of crypto in the ecosystem, deep down I begin to understand that Bitcoin is not only just online money as some speculate but it's also an investment, that usher all levels of investor according to what they can offered and required patient to benefit bigger profit after investing. Though some may said is for those who are financially solvent which is not true because the Bitcoin accommodate every investor based on their planing and able to hold by maintaining term and being consistent.

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May 03, 2024, 05:22:02 AM
 #37

For me Bitcoin is the key, a future proof asset, a tool and a way to privacy and financial freedom. This revolutionary digital money would help us regardless of financial status as long as we find ways to interact with it no matter what we are doing. For me less fortunate people still has the chance to prosper through it compared to fiat which is not inflation proof.



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May 03, 2024, 07:31:54 AM
 #38

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 an investment for me. I do not considered Bitcoin as a currency system because it is slow and expensive compared to the options we have. So it is a pure form of investment which I believe has the power to outperform all other investment assets. I have been investing in Bitcoins in a long time now and I will continue for few more years before stopping. Then I have a plan to keep all my Bitcoins in a cold storage for my retirement. If everything goes well I might retire early.
Although each person can use bitcoin for different purposes, it cannot be denied that the vast majority of people consider bitcoin as an investment more than any other purpose, and I am also one of them. We can use bitcoin to protect our privacy, our own banking, but perhaps profit is what we really seek from bitcoin. Because in my opinion, if we don't have money, what's the point of protecting privacy? No government or robber will care about a person without money, and privacy in this case really means nothing.

There are still some people who want to make Satoshi's idea a reality of turning bitcoin into a currency, but I agree with you that bitcoin will not become a currency because it is slow and expensive. Bitcoin is really not suitable to be a currency.

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May 03, 2024, 08:39:13 AM
 #39

Bitcoin means different things to different people. For some, Bitcoin is digital currency and should be used as such. For many, it is an investment - an asset they can use to hedge inflation and hopefully make profits in the future. For others, Bitcoin is freedom from the system - freedom from financial institutions and governments. For crypto traders, Bitcoin is a tool for trading on the crypto market. And for me, Bitcoin means all of these things.
bitcoin is a digital currency that has nothing to do with a Fiat currency and then mostly why people like bitcoin it is because it is decentralized currency nobody controls it and you are the one that monitor whatever thing you invest you don't have a third party that look over your investment, so I'm a likely say that investment in Bitcoin should be the most thing that we are supposed to take as one of the important thing for bitcoin investment

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May 03, 2024, 09:06:27 AM
 #40

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.

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