Bitcoin is very useful in case of emergency, we can buy something around the world, that bitcoin is accepted as means of payment.
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Topic: Another Good Reason to Own Some BTC - page 10. (Read 5009 times)
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
That's the beauty of bitcoin. With fiat currencies you are somewhat restricted by countries borders because a lot of countries do have extremely strict border control and it is pretty much impossible to carry around $50,000 or more in cash unnoticed. But with bitcoin, you can carry it anywhere you like in the world because nobody can detect it, and it proves to be extremely helpful if there was ever a need arising from an emergency for some cash, for example losing your traveller's cheques or your credit card.
Though the US is actively trying to get a new bill passed in Senate to restrict people from travelling with over $10,000 in cryptos. Even if this passes, though which it probably won't, it would be impossible for border security to enforce this law.
The usage of bitcoins is increasing rapidly all over the world, its market is becoming more positive and the price has become more stable.
more stable in terms of support as we seen previously that new ath ranging 2k$ - 2.8K and reach 3k but made a correction right away so with thisresistance we will expect more positive movement in coming years, bitcoin with its unique investment platform will bring big profits in returned
we can be sure of that.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
As I know you pay bills through online banking and if you loose your card the first thing you have to do is to block your bill. So, you can't pay your costs with bitcoins, if only the place does accept bitcoins directy.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place
Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.
blockchain.info give you a 12 word mnemonic phrase that you can use to restore your HD wallet on a hardware wallet or PC. This is the private key that blockchain.info give to the users.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
This is really an advantage when bitcoin is already been accepted mostly on many countries which we dont really have a problem when we do travel even though we dont have cash on our pockets as long we do have our online wallet or any other wallet that do contain bitcoin would already do since we can cash-out anytime and anywhere we want.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Exactly, bitcoin can resolve this kind of problem but I guess you can use it if you are using an online wallet right? So as long you have your address then no worry at all you can have your money and solve your problem. Because even if the country is not using bitcoin you can convert it in fiat. No need to carry any card or cash, just need to have the wallet online and you can have cash always, anywhere and everywhere.
The usage of bitcoins is increasing rapidly all over the world, its market is becoming more positive and the price has become more stable.
This is a very good possibility, but it still creates problems for users. I think that will ever be possible to create a multi-currency Bank cards that work all over the world and translate bitcoins will be straight from the e-wallet.
This thing is a good idea. This is how bitcoin works and help people especially who are in need or in times of need. Actually every where you go you can access bitcoin thru internet like online wallet example is when you are in philippines you can access their local wallets, get money from you online wallet then send it to the address that the local wallet gives then convert it to fiat money which you can now able to spend it. But it is when you use online wallet at all but in some other ways i do not know how.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
This is really true, there are many advantages on having an bitcoin. As you said you can use your bitcoin when you lose your money if you are travelling or if you are just in your city and you forget your wallet and you need to buy something really bad. Bitcoin makes our life convenient especially the market price is high and we can buy more or save it for the future. I hope that sooner or later bitcoin will get accepted as a mainstream payment because more and more people are looking ahead of this and when this will happen it would be a big news to us and this also will make bitcoin advertise to other big companies all around the world and the era of bitcoin will begin.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.
I agree, is just a matter of time and all of the establishment will use bitcoin as a payment method and we bitcoin holder have the advantage of those people who doesn't believe bitcoin. Let's just wait for that time to come.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.
I agree, is just a matter of time and all of the establishment will use bitcoin as a payment method and we bitcoin holder have the advantage of those people who doesn't believe bitcoin. Let's just wait for that time to come.
The only reason that i know that is very important for me is to earn a lot of money or be rich with bitcoin. If you will have some bitcoins in your investment portfolio then after at least 10-15 years you can encash it to purchase the necessary things or to buy your dream items like house, cars and different things that we don't expect that we can buy.
there are many other good reasons to own BTC. I can make bitcoin payments, also can do the transactions within few minutes at minor fees. And, the most important, easily can shop with the Bitcoin anywhere in the world.
You can easily carry your bitcoins in your mobile, with a simple BITCOIN WALLET app. No interference of any bank or external machines, it's all under your control, in your smartphone.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I watched a vlog before where the guy can't use his very own debit card just because he's in a different country. He's already back in our country before the bank has contacted him and they said that it was a suspicious transaction because it's coming from a different place than usual. Oh well, if he wasn't with his family, he would've died of hunger there. The banks should have a partnership with the airlines so they know which country the person is currently in.
In bitcoin, this will not happen to you. You simply have to look for a guy that buys bitcoin and there's plenty of them apparently. Go to localbitcoins and look for people. You can also do a transaction in the bank so you can have the money checked if it's legit.
I don't understand why the people here are arguing that you can't use bitcoin to pay for anything. That's true but you simply have to exchange your bitcoin to the local currency. When you try and travel with US dollars, which is the most known fiat currency, you can't also buy anything from a foreign country. You also have to exchange your dollar to local currency first.
With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
Nobody has bills with a value of 5$ to pay. In the opposite if you have a 100$ bill to pay and you're currently travelling you don't care to pay let's say a $2 fees. At least for me. Not to say you can pay lower than that
indeed sometimes bitcoin can solved the problem just like OP says and one of the advantages having bitcoin instead of cash is you do not need big pocket to save your bitcoin although there are some issue such as the fees or the speed of transaction but in the future maybe people more likely to use bitcoin rather than use paper money
If you did lose your wallet and even your phone although you have an online wallet which might carry some emergency funds if you are security conscious you will no doubt have 2FA setup via an app on your phone which would cause an issue when trying to access your wallet as you have lost your phone.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
You are right but right now there is only limited option where cannot able to use bitcoin for purchases. It will take some time because now every country starts making bitcoin as legal currency so might be a huge chance to own some bitcoin.
...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I agree to this and it is so good to earn bitcoin. Bitcoin can be use anywhere. You just need to have an access to internet and then boom you can connect to your wallet almost anywhere. Going out when you don't have a single dime. It is fine. There are so many ways in utilizing bitcoins use. If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
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