Why I Prefer Bitcoin?

[zenaku]

I wasn't paying attention when reading the OP's post, but what you highlighted made me laugh. The OP seems to be making a religion out of Bitcoin, as some people do. But I would like to ask the OP, How will you be anonymous with Bitcoins if you somehow have to live in a world where Bitcoin is not officially allowed by some countries, but your call is to use only it? There was a thread recently where the author asked where and how people use their Bitcoins, but I still haven't seen widespread use. However, what the OP is calling for is an ascetic life without people, on a quiet night, and without any contacts. Did I understand you correctly, OP ?

I'm not interested in getting lost in bitcoin or turning it into a religion. I'm simply expressing that owning bitcoin is a philosophy, it's stoicism. It's about getting used to the fact that sometimes things will be tough, and other times they'll be good. It's about learning to manage finances—both bitcoin and personal
Regarding the exchange of bitcoins, it would be somewhat illogical and impractical to keep all your funds in bitcoin alone. Obviously, you need to have cash on hand, with bitcoin reserved for emergencies

Update: The text might be a bit dramatic, but I enjoy hearing everyone's perspective. I speak about bitcoin as part of something bigger, an ecosystem, because I perceive it as a tool—one of several great ones. If we focus solely on BTC, we risk becoming posers

[Z-tight]

Op stop making multiple posts in a row, if you don't know, it is against the forum rules, you can reply to everyone you want to reply to in just one post. As regards your post, i think you are trying to teach before learning, you have a couple of mistakes and misconception in your post. BTC is not a way of life or a religion like you are trying to paint it, it is just a censorship resistant and permissionless currency, i will recommend you lock this topic, there is no useful info to gain from it.

[iBaba]

Op stop making multiple posts in a row, if you don't know, it is against the forum rules, you can reply to everyone you want to reply to in just one post. As regards your post, i think you are trying to teach before learning, you have a couple of mistakes and misconception in your post. BTC is not a way of life or a religion like you are trying to paint it, it is just a censorship resistant and permissionless currency, i will recommend you lock this topic, there is no useful info to gain from it.

I was about making the same observation only that you happened to mention this before I did. I am wondering why OP is shit posting on his thread when he can gather all replies and provide answers to each reply in quotes. Find the solution here. Though I doubt if OP is not already aware of how to quote and how to avoid pyramid quotes in the forum too because OP has well over 90 posts and merits in the forum and most have come across this quotes several times.

I am always in surprise, whenever some people discuss bitcoin and take it from the lense of a messiah decentralized system, but it's always not the case and has led many more into making mistakes.

[kryptqnick]

Preference to me is preference of one thing over another thing. So is it about preferring Bitcoin to fiat cash, over banks? Or maybe preferring Bitcoin to gold, over stocks as a form of investment? Preferring it over other altcoins like Monero that the op mentions, perhaps?
The op mentions having Bitcoin (holding it?) long-term, but also the aspect of financial self-custody that fiat on bank accounts doesn't have. So it's not fully clear if it's about money or investment.
I prefer Bitcoin over any other altcoins. I also prefer Bitcoin to stocks and over gold. But Bitcoin vs fiat? It's like I'd rather use Bitcoin if it were convenient, but in practice I use fiat and bank accounts, simply because they are tied so strongly into the economy. I use them because that's how I get my salary (and I can't choose to get it differently), that's how I pay my bills (again, no Bitcoin option there), that's how I make my daily purchases.

[Catenaccio]

I prefer Bitcoin over any other altcoins. I also prefer Bitcoin to stocks and over gold. But Bitcoin vs fiat? It's like I'd rather use Bitcoin if it were convenient, but in practice I use fiat and bank accounts, simply because they are tied so strongly into the economy. I use them because that's how I get my salary (and I can't choose to get it differently), that's how I pay my bills (again, no Bitcoin option there), that's how I make my daily purchases.

I'd prefer Bitcoin than altcoins, gold, stocks as an investment but for regular use, I would like to use altcoins, stable coins than Bitcoin. Because on-chain transaction fee with Bitcoin is more expensive than most of altcoins and if I don't use banks and bank transfer, I would like to choose stable coin for fund transfer or trade with other people.

I know risk of altcoins and stable coins too and I don't store big part of my capital in altcoins and stable coins, just reserve some like in my hot wallets.

[Accardo]

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer.

Investors getting ridiculed? not much. Because bitcoin is banging! and the governments interest is on bitcoin. Days are gone when people think you fool around with money because you bought bitcoin. Most governmental deficiencies to citizens are met with bitcoin; employments, creativity, developments and online technologies. Citizens of US, Uk, China etc. Benefits. The world is adapting to bitcoin technology, unlike 12 years ago, when bitcoin had a low value, with an approximate low of $4

[stadus]

I urge you, consider switching to Bitcoin.

If you want to buy bitcoin for long term, do it not at the wrong time when the price is high already, do it at the right time when the price is very low. Although bitcoin will get to all-time high but it would be good to make more money if you speculate more accurately before investing.

Does using bitcoin make you anonymous?

What OP is talking about is that bitcoin gives you the privilege to have full control over your coins, unlike fiat. He is right about that. But someone needs to have high knowledge about bitcoin if the person wants to be anonymous or looking for privacy. To be anonymous does not mean everything about you will be anonymous. It is about what you want as anonymous to be anonymous.

Bitcoin is capable to make us anonymous, but are we also capable to keep our privacy for the longest time? Probably not. Newbies these days find it hard not to disclose about bitcoin and that they are into bitcoin investment, maybe because they are just proud of their bitcoin achievement or they are just too greedy and aggressive about their future profits with bitcoin that are obviously bigger than other sources of investments.

[Catenaccio]

Bitcoin is capable to make us anonymous, but are we also capable to keep our privacy for the longest time? Probably not. Newbies these days find it hard not to disclose about bitcoin and that they are into bitcoin investment, maybe because they are just proud of their bitcoin achievement or they are just too greedy and aggressive about their future profits with bitcoin that are obviously bigger than other sources of investments.

Being anonymous with Bitcoin blockchain is possible but this blockchain itself is public and traceable. If you want to get anonymity with Bitcoin blockchain, you must do it perfectly in practice with your bitcoin from beginning to later transactions with time. If at beginning, you did bad practice, your anonymity gone if you use your known address for many transactions later. These transactions can be linked to that public address and if the address is also linked to your identity, you're done.

Protect your privacy
Buy Bitcoin anonymously

[Darker45]

If you "prefer Bitcoin not merely for its value" but you're "drawn to Bitcoin for the security, freedom, and privacy it offers", then you prefer Bitcoin for its value. Bitcoin's value comes from them. Without them, Bitcoin doesn't have any value at all.

But you must not confuse value with price. Price is more or less arbitrary. It is what others are willing to pay for something. But value is more or less fundamental. Bitcoin offers freedom. That's the value of Bitcoin, not the $59,000 price it has today.

[Catenaccio]

If you "prefer Bitcoin not merely for its value" but you're "drawn to Bitcoin for the security, freedom, and privacy it offers", then you prefer Bitcoin for its value. Bitcoin's value comes from them. Without them, Bitcoin doesn't have any value at all.

Things are provided by Bitcoin blockchain like "security, freedom, privacy" and decentralization, no censorship are important components which make value of Bitcoin. Without these things, Bitcoin will not have its high value like now.

But you must not confuse value with price. Price is more or less arbitrary. It is what others are willing to pay for something. But value is more or less fundamental. Bitcoin offers freedom. That's the value of Bitcoin, not the $59,000 price it has today.

Value comes first, price comes later. If Bitcoin does not have good value, its price will be not sustainable and it can be similar to altcoins with pump and dump games and at the end, will have zero in value and price including zero trading volume.

Bitcoin is different than many traditional assets for example real estates, that it is intact with time, no damage of time on it. You don't need maintenance cost to keep your bitcoin against physical damages like real estates. Back up your wallets, and regularly checking usability of your backups is enough.

[Gallar]

~Snip

Bìtcoin is indeed a very promising asset and transaction tool At the moment. In addition, its decentralized nature allows users or investors to become the absolute owners of each asset. Plus, transactions are very transparent, making Bitcoin the safest asset or transaction tool. So it's not surprising that you like Bitcoin because of these things. But I'm a little surprised why you don't pay much attention to the price value of bitcoin. Because I personally think this aspect is also very important. Because currently the price of bitcoin continues to increase, this is clear evidence that bitcoin has more and more users and is proof that the price of bitcoin cannot be manipulated by anyone. Apart from that, if you are really not interested in the price of bitcoin, maybe you are a fairly unique bitcoin user. Because as far as I know, the average bitcoin user has a high interest in the price/value of bitcoin.

[adaseb]

Bitcoin is anonymous, you dont know who owns which wallet unless there is some reference to a particular owner on the internet. If some bitcoins are sent to a new address which wasnt used before, nobody knows who owns that address, its anonymous, its not labelled in anyway.

But bitcoin is transparent. You know exactly how much was sent, when and from where those funds came from. Because its all on the public ledger and anyone can view this info.

Monero is different, its anonymous but also the blockchain is anonymous. Pretty sure there is no rich list even on Monero due to its privacy.

[Zigabel]

I prefer Bitcoin not merely for its value, acceptance, or trendiness, nor do I favor it simply for being Bitcoin. I am drawn to Bitcoin for the security, freedom, and privacy it offers. I also appreciate aspects such as elliptic curve cryptography, encryption, and Monero, though I understand you might not grasp all of this. Therefore, when I refer to Bitcoin, I am encompassing all of these elements.

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer. Living with Bitcoin is a long-term bet, spanning 5, 10 years, or even more. It means being a holder in the vast expanse of the world, earning respect through your commitment.

You must understand that your money is your own, and it matters to no one else—neither to your partner nor to the state. It is hard-earned and well-deserved. Why would you hand over money to the government that cost you so much and so little to them? Why divulge your personal information on Instagram only to be bombarded with advertisements moments later?

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

Very true about all that you have said about bitcoin this has to me a very key factor most persons should consider Bitcoin over just keeping their funds in the regular banks where they will not be able to have total control over it and even have to stress and pay taxes and certain charges for having their funds kept with such institutions long enough but except for volatility bitcoin does not in any way get to make one have a second taught over their assets at any point where its been invested as they are sure they will meet it whole at some times even increased beyond the amount it was initially.

[Peanutswar]

Bitcoin was created with the use of fast and convenient transactions and at the same time being anonymous. People now see bitcoin as an investment so they grab the chance to make an earning with this recently people see the potential of the bitcoin not only for this but with the help of the bitcoin network other projects came out, now people see the bitcoin or even the crypto currency as a potential use to earn money, being reliable use for payments too. Some of the establishment accepting the use of the bitcoin as payments and having different services of it. It seems bitcoin is the future in short.

[hyudien]

   Bitcoin will not make you anonymous, but it will make you the owner of your money and protect it from the risks of the traditional financial system.

The fact is that you can’t avoid the traditional financial system anyway, so instead of avoiding it, why not use it as an opportunity to take advantage of it for the betterment of your life? I mean, aside from owning bitcoin for your intended purpose, there’s no harm in taking advantage of the financial system that eventually ends up in fiat to meet your needs. Regardless of how you protect yourself about privacy and so on, it’s all inseparable from the system that provides the way for traditional finance. Living as a citizen even if you don’t care about government regulations, you’re still going to use fiat, right?

[yhiaali3]

There are many powerful and unique features that make me prefer Bitcoin, such as privacy, decentralization, scarcity, and growth over time. You own your keys, so you own your coins in a real way, not fake ones like banks or centralized exchanges. It is difficult or impossible to find all these features in a currency other than Bitcoin.

Unfortunately, people these days no longer pay much attention to these things, but most of them only care about the price going up or down. Also, government pressure and fear of bans make many people refrain from buying Bitcoin or buy it secretly.

[alastantiger]

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer. Living with Bitcoin is a long-term bet, spanning 5, 10 years, or even more. It means being a holder in the vast expanse of the world, earning respect through your commitment.

Agreed because I can testify of a difference between my life when I had not invested into Bitcoin and when I got involved in Bitcoin. Bitcoin made me to think more about planning my life more about long-term goals and not to be interested in what will happen in the short-term to make people to worship me when it wouldn't last. Investing for long -term will chance your way of thinking and it will make you to not be spending more on things that wouldn't have an impact on your life. Bitcoin puts me in control of my life because I can have a free way to my money without being scared of the government monitoring me to watch how I spend it. I didn't steal the money so I'm not afraid of being caught but to have some anonymity gives me some happiness. I can hold a big sum without being scared that someone knows about the money and can set me up to steal it because I'm anonymous.

[Marykeller]

Every one of us has one or many reasons why we prefer Bitcoin. Your reasons for preferring Bitcoin might differ or be the same as some of us here, but that doesn't mean each of our reasons is the best or unique to the other since the major aim of everyone is mostly to make huge profits from their Bitcoin investment, every other thing is secondary. it doesn't matter how long one has hodl their Bitcoin assets or how many Bitcoin they held in their portfolio, it is nobody's concern. Nobody is interested in knowing how many Bitcoins one holds in their control and when they intend to trade it.

[nakamura12]

Each of us have different reasons why we prefer using bitcoin compared to altcoins. I am not using altcoins but I do use them since the transaction fee is very cheap especially to those who doesn't have lots of crypto assets and it is much faster although bitcoin is what I would prefer to have when it comes to storing cryptocurrency on a wallet.

[Wiwo]

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer. Living with Bitcoin is a long-term bet, spanning 5, 10 years, or even more. It means being a holder in the vast expanse of the world, earning respect through your commitment.

Really is bitcoin that bad in your society?
Having such numerous bad and evil image in the eye of speculators, in my country bitcoin is not seen as an evil tool that have such a negative image as you make it sound in the above stament, and in fact bitcoin is highly viewed as a positive vibes and anyone that owns bitcoin in my country is seen as an a smart forks because only few people know and own bitcoin.

If you say bitcoin grant you full privacy that is understandable, but to say that bitcoin represents redecul fraud or what have you is a false assumption on your part and you need to change your way of thinking and also try to do more home work in your knowledge building, don't assume anything just learn, because from what I have observed, you lack basic knowledge of what bitcoin truly is.