NEW DELHI: Experts involved or associated with the Bitcoin industry, maintain that it has emerged as a new attraction for Indians who are keen to augment their wealth, notwithstanding calls issued by the Supreme Court to the Reserve Bank of India (RBI) to put in place effective regulatory mechanisms to prevent money laundering in any form.
Commenting on the thriving bitcoin scene in India, Zebpay co-founder Sandeep Goenka said, "Investing in bitcoin has emerged as a significant trend in the past few months. We have enabled Indians to buy an international asset in a large scale and help them contribute to increase in wealth."
According to Goenka and others involved in this industry, the key benefits that most Indians see are as follows:
According to leading crypto-currency exchanges in India, crypto-currency is gaining popularity, primarily as a financial asset.
• Many bitcoin startups in India believe remittances are a huge potential market for them
• Bitcoin transactions are more economical than digital transfers.
• Bitcoin allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties.
Topic: Bitcoin Attraction - page 7. (Read 13975 times)
What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
Hi, I liked the usability of Bitcoin and how it was recognized by a lot of establishments. It is also known everywhere and it's widely used across the globe as a lot of countries are now starting to learn about Bitcoin.
at first i was just interested in the tech. but now i find the economic side very interesting.
The most attracting aspect that draw me toward bitcoin is for me to learning online transaction. It also can function as a commodity to hold for investment. Thus it it how it start to attract me.
What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
Bitcoin attracts me so much because when the first time i saw bitcoin it is veh interesting kind of currency fast discentralise, no limit in transaction around the world. And also because we can earn money in online even in our house without working fulltime.
At first it was the investment possibilities because of how volatile bitcoins are behaving and how easily you can ride the hypr and go to the moon immediately. But as time goes by and with having greater and better technologies out there, I've come to realize how important bitcoins' role in the development of cryptocurrency. Now that's attractive.
We need alternatives in our lives, and Bitcoin offers us alternatives. If we only have one option for everything, that option will take advantage of their position and they will start exploiting that position. A perfect example of this is the bank. They are in a position of power, because they are offered by their debt.
Why attracted to Bitcoin ? It is the possibility of making money, contributing to something new and growing, and get myself primarily out of the normal banking . And it's growing market I was much interested in investment on how to get involved in the market and use in my daily transactions payment.
One of the main reasons why bitcoin attract many people is because it is a good source of income. Bitcoin users could really earn a higher of profit especially when it comes to holding bitcoin or what we called investment.
There is now a new market. Achieving bitcoin is very important. I see Bitcoin as an investment purpose. If I can get Bitcoin now, I will be very lucky in the future. Bitcoin will be used in many areas in the future. I must be prepared when that day comes.
Also, you should not only consider Bitcoin as an investment tool. Cryptocurrency is the investment tool as a whole. Only Bitcoin should not be invested. Digital money is spreading rapidly in our lives. You may not be aware of this right now. But you should not close your eyes on these developments ...
Blockchain technology is all about investment. The projects that use this technology are important. You should examine these projects and estimate their future location ...
Also, you should not only consider Bitcoin as an investment tool. Cryptocurrency is the investment tool as a whole. Only Bitcoin should not be invested. Digital money is spreading rapidly in our lives. You may not be aware of this right now. But you should not close your eyes on these developments ...
Blockchain technology is all about investment. The projects that use this technology are important. You should examine these projects and estimate their future location ...
Why attracted to Bitcoin ? It is the possibility of making money, contributing to something new and growing, and get myself primarily out of the normal banking . And it's growing market I was much interested in investment on how to get involved in the market and use in my daily transactions payment.
I have always wanted where I could make extra income because my salary, as good as it seemed, was not sufficient to take care of my needs. The options I tried before I knew bitcoin were all scams. I hear about bitcoin in 2010 but I doubted it too until I started seeing that people were really making it in bitcoin and then I joined. It has been a great success.
Bitcoin attracts me because of the opportunity to earn money and the fact that the price is unstable. i like investing in it and earn. one more thing is you have control where you want to spend it and also tax free.
The value of Bitcoin is profitable and I think it is one of the reasons why people get attracted. Also, the popularity of Bitcoin is such a great attraction too. It is decentralized. No one can access your private keys excepts you. Its also a faster way to transfer with a cheap cost. Also good for investments. It is popular right, which means it can pumps up the price anytime now. Just like banks. Bitcoin have disadvantages also. But im fine with that. Bitcoin is freedom. Thats what i like about bitcoin.
Yeah, bitcoin has a decentralized system that makes it more riskier. It is also anonymous that hides your identity when connecting or making transactions with different people. Bitcoin is a coin that has two different sides, a good and a bad ones but that is the reason why I like using bitcoin. Bitcoin give me thrill because of its price that is uncontrollable.
First of all, the bitcoin attracts me to the prospect. Indeed, it is very interesting to realize that you are dealing with the future.
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we are attracted to bitcoin is because bitcoin offering to us to make money which is searched by the most people on the internet. they need something new to make money besides to selling a product or anything else. actually, I attracted to bitcoin is because my friend told me that why I don't try to make money from bitcoin. so I decided to search the info on the internet and I found new things that what my friend said is true and I keep searching and tried to collect from the faucet like what people did in 2013. and after spending so much time to collect, I think I want to make it bigger and I decide to join some exchanges and try to trade.
What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
haha I think the difference is very normal for bitcoin, bitcoin movement just up and down only, the rise and fall of the very normal bitcoin prices that can make you can benefit from utilizing the movement of rising and falling bitcoin prices.
Asides from it being decentralized (i.e there is no government like institutions like banks hence no ownership meaning no one controls it); it's owners cannot be known because there is nothing like social security ids,no names etc. It simply connects buyers and sellers through some encrypted keys. I am really attracted to the blockchain technology and besides it has made me comfortable since I started trading it
Bitcoin attraction. Honestly, there are many reason for people to be attracted in bitcoin. But in my own reason, to be honest.. Bitcoin attracts because of it's potential. Potential to create money in someone's life. Bitcoin is a hope for a hopeless people. It give me hope to earn money. To make easy money, but investing in bitcoin is also a risk taking. So be brave enough. What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
decentralization. The fact that it's purely democratical currency gives it the most attention in my opinion, as we're living in a world where only few people make decisions on our behalf
Bitcoin attracts me because of the opportunity to earn money and the fact that the price is unstable. i like investing in it and earn. one more thing is you have control where you want to spend it and also tax free.
The reasons why many people are getting attracted to bitcoin are one, not like a real bank bitcoin has a decentralized system. Also, It give opportunities to many people to earn for a living. Lastly bitcoin is a long-term investment that gave opportunity to earn more and have much profits.
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