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Topic: Another Good Reason to Own Some BTC - page 5. (Read 5009 times)

full member
Activity: 502
Merit: 100
October 02, 2017, 04:07:17 AM
A good reason to own some BTC has to be because of the fact that it is sound money. Since we've never had actual sound money before, now is a perfect time to start investing in it as it appreciates in value over the years.
That's the only reason i see, because bitcoin can invest and it can be double the price, and as we can see we can earn bitcoin in our home or any where as long as we have internet connection on our phone.
legendary
Activity: 1442
Merit: 1025
October 02, 2017, 03:46:45 AM
bitcoin is one means of exchange that is greater value than gold. so why we do not have it. really pity.
Bitcoins are surely compared to digital gold and are even more precious than gold. Previous people's used to invest their money in purchasing Gold as the price for gold would always increase up by some percentage and they would sell their gold.

Now we do the same buying selling but with digital gold called Bitcoin. Bitcoin is similar to the gold but just the difference is that gold is a hard currency and bitcoins are the soft currency.
member
Activity: 238
Merit: 10
September 30, 2017, 07:43:17 AM
...

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. It happened to me once when I forgot to my wallet and   what I only have is my smartphone. Luckily I didn't transfer all my bitcoin in my Ledger hardware wallet and left a few bitcoin in my online wallet. I just withdraw in the ATM and didn't jeopardize my activity that day.
full member
Activity: 798
Merit: 100
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September 30, 2017, 07:36:50 AM
Maybe you can use bitcoin for transaction in retailer and for investing in the future bitcoin price's will grow up.
sr. member
Activity: 530
Merit: 250
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September 30, 2017, 07:31:23 AM
A good reason to own some BTC has to be because of the fact that it is sound money. Since we've never had actual sound money before, now is a perfect time to start investing in it as it appreciates in value over the years.
sr. member
Activity: 854
Merit: 252
September 30, 2017, 07:06:36 AM
...

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".

Well, it is true that having a bitcoin was a real thing privilege individually. Because I do believed that someday, maybe sooner or later bitcoin will become the world currency, who knows isn't?
sr. member
Activity: 1246
Merit: 255
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September 30, 2017, 06:03:37 AM
No specific reason is required to earn as well keep hold of bitcoin. With bitcoin what we make is something that gonna profit in the future, because the growth continues unlike some issues that occur in between which gets overcome in a short or long. All that the user needs is panic free mind.
sr. member
Activity: 490
Merit: 258
September 30, 2017, 05:40:44 AM
Its always could be some excuse to meet some local people as well. You have one topic to talk in common. Maybe its some nice girl that you were looking for and such.
This is the best answer that I had read so far. ha ha ha. Imagine yourself travelling in Australia and then there you see a very cute vegan-shaped Aussie wearing "buy bitcoin" tees. Man you just walk right next to her and ask if she's into bitcoins. That should break the ice.
legendary
Activity: 3710
Merit: 1170
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September 30, 2017, 05:13:35 AM

of course we must have bitcoin. because with bitcoin we can invest long term safe.
There are a number of good views about bitcoins and that keeps investors close and always gives us a good profit or the coins we hold. Bitcoins are meant to earn a good profit online and cannot be compared to any other investment plan.

Even if we purchase a good amount of bitcoins and invest them on any reliable investment scheme then we will have good profit as compared to bank. Banks gives a low interest rate yearly but in bitcoins you can cover that yearly interest rates into some months and also the price keeps increasing giving us double profit. Even it is a good reason to purchase bitcoins and rely on them.
legendary
Activity: 2968
Merit: 1895
September 29, 2017, 11:56:33 AM
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Re above comments on various countries and situations involving liquidity, yes, of course some countries make it much harder for a traveler to use BTC.  But, in some countries BTC is rather liquid.  I did not mean that BTC solves all problems, but that if anyone travels extensively, it is yet another reason to have some handy.

It is easier in some other countries to BUY Bitcoin than even here in the USA.  Another factor worth thinking about.

*   *   *


I could actually see a scenario such as this happening, and it's nice because it doesn't even have to be online or on an exchange you could carry $500 or $1,000 on a Bitcoin paper wallet and you can have it encrypted and backed up as well.

Or even more...   Smiley

Never know what could come up (or what opportunities might present themselves).
member
Activity: 85
Merit: 11
September 29, 2017, 12:29:16 AM
I believe that 3rd parties that do the mechanical job must not be paid and should be replaced by an algorithm. My faith encourages me to invest in digital currency.
jr. member
Activity: 54
Merit: 10
September 29, 2017, 12:18:49 AM

of course we must have bitcoin. because with bitcoin we can invest long term safe.
member
Activity: 66
Merit: 10
September 29, 2017, 12:17:36 AM

bitcoin is one means of exchange that is greater value than gold. so why we do not have it. really pity.
full member
Activity: 510
Merit: 100
September 29, 2017, 12:16:02 AM

many reasons for what has bitcoin, just bitcoin can be received anywhere in the world and also bitcoin has a high value and we can get it from free way
legendary
Activity: 1162
Merit: 1000
September 29, 2017, 12:13:26 AM
...

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 don't think it's possible when the country that you are visiting or travelled to doesn't allow any exchanges, or regulates the exchanges, maybe we can say that it depends if the country really accepts bitcoin payments, but i have a doubt on that Selling BTC part because before you can do that you need to register to a certain bitcoin exchange, verify your id before cashing out which is really impossible to your part because you are just visiting that country.

Sell to someone without using an exchange.
You may pay a premium, but if it is worth something, then surely someone will be happy to buy it from you.
full member
Activity: 364
Merit: 118
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September 29, 2017, 12:10:48 AM
...

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 don't think it's possible when the country that you are visiting or travelled to doesn't allow any exchanges, or regulates the exchanges, maybe we can say that it depends if the country really accepts bitcoin payments, but i have a doubt on that Selling BTC part because before you can do that you need to register to a certain bitcoin exchange, verify your id before cashing out which is really impossible to your part because you are just visiting that country.
hero member
Activity: 887
Merit: 516
Bitcoin OG
September 28, 2017, 11:03:08 PM

I could actually see a scenario such as this happening, and it's nice because it doesn't even have to be online or on an exchange you could carry $500 or $1,000 on a Bitcoin paper wallet and you can have it encrypted and backed up as well.
newbie
Activity: 33
Merit: 0
September 28, 2017, 10:47:37 PM
it's no possibility of a bank collapse. Since coins are not stored with any central bank, it is not possible for a bank run to cause a bank to collapse, as was the case with the sub-prime mortgage problem that hit mainstream banks around the world recently.
So far still true — however, we are seeing a confidence crisis, due to inability to effectively govern the coin, and concern of a hard fork.
sr. member
Activity: 491
Merit: 250
September 21, 2017, 03:08:46 AM
I have been holding my bitcoin for the past one year now...I don't plan to sell until bitcoin gets to usd100k. I feel it's a good investment.
Bitcoin is the best investment but I think it is over greediness to wait for bitcoins to become 100k dollars worth, which is definitely not going to happen in at least next decade or two. Death is the most certain thing and yet unpredictable so waiting for that long is not a wise idea, until or unless you pass down them to your descendants.
full member
Activity: 442
Merit: 101
September 13, 2017, 03:10:32 AM
Yes, there are many advantages if you have bitcoin right now. If yes it means you are investing for your future. The future value of bitcin will continue to increase. It is also very safe for the user to use it. And the payment method is also easy and convenient
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