Btc and crypto was created for reason

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Quote from: Mrbuck on July 20, 2024, 11:23:15 AM

Btc and crypto was created for reason

Regardless of whatever reason you say, for me and my understanding Bitcoin has only one reason, namely: as a digital currency that is traded and another reason is to make it easier for crypto users to carry out transactions in the form of digital currency, for that reason, currently Bitcoin is still running and in use.

For this reason, with the greatness that crypto has within the body of crypto, until now many countries and governments have been confused, without control, but it can run on its own, just like electricity, press the light button on, the same goes for Bitcoin, press it and you can send wherever you want.

Another reason for the creation of Crypto is that it can improve the economy of the wider community, in investment and trading methods, as well as mining, so there are many reasons when examining the creation of Crypto, real economic reasons.

CoinFoxs

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Bitcoin was created to overcome the problem of sending and receiving money through banks, bitcoin was made send and receive money over internet. You can say digital currency was made to limit the role of central power that handles bankimg system. It also made to provide alternate payment system so people can make transactions on their own.

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Quote from: justdimin on August 13, 2024, 02:48:45 AM

Quote from: ultrloa on August 08, 2024, 07:48:40 AM

I beg to disagree investments is already there and existing for many decades. There's lot of activities like this happening and also lots of scam has been recorded from the past even if bitcoin didn't exist. Its just people revolutionize this matter and use crypto as alternative tool to make their transactions became more easier. And its sad to see a lot of scamming especially that there are criminals take advantage of its technology that's why lots of them succeed especially they target those people who's innocent on online investment scams. But if people really use bitcoin at right thing for sure they could figure out how useful bitcoin is. And maybe those thoughts about bitcoin as tool for investment will be eliminated and they think about this coin as currency which they can use to transact online.

That is the truth and unfortunately something that not many people end up realizing this fact. I mean we have seen humanity be scammers for a long time and yet we still didn't really ended up doing anything all that bad, it's something we need to be careful about.

We could be considering how we could make this work one way or another, and while people will keep on calling all the scammers that are in the crypto, we are getting regulations that will protect us so the crypto scammers are getting tougher to do what they are doing because the punishment will be more severe now. They were doing it easily because nobody chased after them, back in the day if you stole someone's crypto then nobody cared, but now when we look at it, it looks like it is something somewhat more dangerous.

Gullible people who have no idea what people are capable of is the real issue because we are not going to get any good results because it is going to be quite obvious that if you package a scam good enough then you are going to convince people enough and that is going to see these scammers getting richer thanks to this as well. I am not saying that everyone will fall of course you may not fall for this, but that doesn't mean that we are going to see nobody falling for them neither, scamming will continue.

I believe that we are going to see people can continue to scam others so it should be something that is going to be hurting the economy of crypto world for a while. We can't really expect the situation to be easy forever, because we can't have anything as long we keep thinking that people will be able to save themselves, because they can't.

There will be some people who will save their own situation and some people who will not be saving themselves, that's the whole thing. So just expect that this will continue, and just be careful yourself and let others be something they fall and not something that you will be taking care of at all.

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Quote from: ultrloa on August 08, 2024, 07:48:40 AM

I beg to disagree investments is already there and existing for many decades. There's lot of activities like this happening and also lots of scam has been recorded from the past even if bitcoin didn't exist. Its just people revolutionize this matter and use crypto as alternative tool to make their transactions became more easier. And its sad to see a lot of scamming especially that there are criminals take advantage of its technology that's why lots of them succeed especially they target those people who's innocent on online investment scams. But if people really use bitcoin at right thing for sure they could figure out how useful bitcoin is. And maybe those thoughts about bitcoin as tool for investment will be eliminated and they think about this coin as currency which they can use to transact online.

That is the truth and unfortunately something that not many people end up realizing this fact. I mean we have seen humanity be scammers for a long time and yet we still didn't really ended up doing anything all that bad, it's something we need to be careful about.

We could be considering how we could make this work one way or another, and while people will keep on calling all the scammers that are in the crypto, we are getting regulations that will protect us so the crypto scammers are getting tougher to do what they are doing because the punishment will be more severe now. They were doing it easily because nobody chased after them, back in the day if you stole someone's crypto then nobody cared, but now when we look at it, it looks like it is something somewhat more dangerous.

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Quote from: Fara Chan on August 04, 2024, 09:41:35 AM

Now there are many world figures who have said that because maybe they themselves have realized how the system in Bitcoin and also the fiat system is no better than Bitcoin itself. And when there are many world figures who have realized something like that, I think there will be a good effect that arises in society, such as the increase in enthusiasts who want to have Bitcoin. So they will definitely try to learn to be able to invest in Bitcoin after knowing the level of risk and potential profits in the future.

It is indeed difficult for people to understand it, it takes sufficient information and insight to find out more, because BTC and bitcoin for some people are not familiar with it because it has several features that distinguish it from other conventional currencies, therefore it takes time to learn more about its insights, but for now, bitcoin enthusiasts are increasing, they are starting to realize the problem of trust, and the stability felt because of the ease that is free from government control, and banks, by following these steps and progress it is hoped that in the future it will be much better.

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Quote from: Mrbuck on July 20, 2024, 11:23:15 AM

We see btc and crypto was created for reason.
So crypto is strong network and very reliable we can predict future easy because crypto Will protect us against all those issues.

From the title of your thread, I knew something was wrong.

It’s admirable that your here trying to teach what you think you know and believe but, is that really it? You ought to make sure your not spreading false information as some users could be really dumb enough to just take what you’ve said thus far to be true.

Bitcoin is crypto and not otherwise. Crypto is just like an umbrella name although, we always try to different Bitcoin from altcoins, they both are cryptocurrencies.

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Quote from: Fara Chan on August 04, 2024, 09:41:35 AM

Now there are many world figures who have said that because maybe they themselves have realized how the system in Bitcoin and also the fiat system is no better than Bitcoin itself. And when there are many world figures who have realized something like that, I think there will be a good effect that arises in society, such as the increase in enthusiasts who want to have Bitcoin. So they will definitely try to learn to be able to invest in Bitcoin after knowing the level of risk and potential profits in the future.

It is no people are figuring out the differences between the two even older people their are people who have had a misconception about bitcoin, people have gotten a better view of what bitcoins is about, their were times am sure some parents will want to stop their kids from investing. Just because of the idea they have in their head about bitcoins. Bitcoin and fiat are different and they can both act as currencies just that not in all cases and again you have to convert your bitcoins into fiat since it is also an investment. People in the society have gotten a good interest in bitcoins, and people are really ready to tell people about bitcoin not because it is going to be beneficial when they introduce people but because they want to see how they can be of help to people, their is no one that will invest in bitcoins and following the important steps that won't make money is not possible so when they tell you then it left for how you source for capital to invest.

doomloop

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Quote from: CK485 on August 04, 2024, 06:47:36 PM

I think bitcoin plays a big role in the birth of the investment system, which is implemented and recognized by world figures, the advantages of investing in bitcoin, they have a lot of hope with this system in storing their assets and that is an interesting achievement, and makes hope for a long time, yes, we can know about the benefits and its journey along with the maturation of bitcoin as a finance asset and it becomes an electronic transaction system that relies on trust, triggered by the finance crisis that was the background to the launch of bitcoin.

You should always make your points clear so that the readers can understand what you are trying to say. Bitcoin played a great role in promoting online investment systems or you could say it was the pillar of the cryptocurrency market which has become one of the largest investment markets in the world right now. Bitcoin didn't play a role in the birth of investment systems because traditional investment systems existed even before Bitcoin.

Actually, Bitcoin was not created to become the starting point of a market that will cover a large part of the world's wealth because people will invest in it heavily. Bitcoin was created to become an alternative payment system to the fiat and traditional centralized systems because it was made decentralized and privacy-oriented.

As the time went by, Bitcoin started to gain value because people started noticing it and started buying, since the supply was limited, its price started appreciating, and the rest is history.

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Quote from: Mrbuck on July 20, 2024, 11:23:15 AM

We see btc and crypto was created for reason.
So crypto is strong network and very reliable we can predict future easy because crypto Will protect us against all those issues.

Banks falling,cyber attacks, goverments not working,powrr outages, fiat currency value problems, liquity problems, goverment wealth confiscation and restrictions , hacking and stealing scams and data centers over heating of stress of Traffic volumes,not single ledger to approve and validate transactions but different system and issues to working together, high cost of trust system instead of proof.
Also the social untest riots and people lose trust in everything so crypto will be only clean shirt left to hold your wealth because people Will be fearful and not trust goverment anymore.
So usa is way ahead of other countries the trump all ready make crypto great ....it's sad story for UK and eu and others and for canada they don't have leaders who admit that crypto is only way to go

So in times of Crisis the crypto works and while others suffering those who got crypto they smile

no Wonder why blackrock created cryptocurrency and btc.

If i remember correctly cryptocurrencies especially Bitcoin were created to address various systemic issues by providing a decentralized and convenient alternative to traditional financial systems that can offer protection against bank failures, government bans, inflation etc. though for protection in times of crisis but although cryptocurrencies reduced vulnerability to traditional financial volatility While they offer advantages, they are not without their challenges. Nevertheless, factors to do with cybersecurity threats, hacking, and legal barriers are applicable. This is given that, on the matter of regulating these very cryptocurrencies, the landscape varies quite a lot. For example, in the U.S. massive adoption and support of cryptocurrencies has been witnessed, whereas in the regions of the UK, EU, and Canada, one finds different landscapes of adoption and regulatory barriers. It simply cannot ignore the increasing realization of the potential of this digital currency by large players in the financial sector such as BlackRock. But striking a balance between optimism and knowledge about the risks and uncertainties is critical for every participant in the digital asset.

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Quote from: CK485 on August 04, 2024, 06:47:36 PM

I think bitcoin plays a big role in the birth of the investment system,

It did not give birth to the investment system however it did give way to another system which is the blockchain. Investing is not something new to the people. Even before bitcoin, there has been many ways to invest such as in real estate or stocks.

Though maybe bitcoin has made more people aware of how important investing is but this does not mean investing was such a foreign concept before the invention of bitcoin.

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Quote from: CK485 on August 04, 2024, 06:47:36 PM

Quote from: yudi09 on July 30, 2024, 08:25:44 AM

Let's just say this is an assumption that describes the level of knowledge about the banking system and the Bitcoin system.
Several world figures who have great influence in many sectors have acknowledged how Bitcoin is a great alternative to save the economic system and they also boldly carry out a narrative to the public about how important it is to have assets like Bitcoin.

I think bitcoin plays a big role in the birth of the investment system, which is implemented and recognized by world figures, the advantages of investing in bitcoin, they have a lot of hope with this system in storing their assets and that is an interesting achievement, and makes hope for a long time, yes, we can know about the benefits and its journey along with the maturation of bitcoin as a finance asset and it becomes an electronic transaction system that relies on trust, triggered by the finance crisis that was the background to the launch of bitcoin.

I beg to disagree investments is already there and existing for many decades. There's lot of activities like this happening and also lots of scam has been recorded from the past even if bitcoin didn't exist. Its just people revolutionize this matter and use crypto as alternative tool to make their transactions became more easier. And its sad to see a lot of scamming especially that there are criminals take advantage of its technology that's why lots of them succeed especially they target those people who's innocent on online investment scams. But if people really use bitcoin at right thing for sure they could figure out how useful bitcoin is. And maybe those thoughts about bitcoin as tool for investment will be eliminated and they think about this coin as currency which they can use to transact online.

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Quote from: Promocodeudo on August 04, 2024, 09:30:41 AM

Quote from: SmartGold01 on July 25, 2024, 08:57:12 AM

Quote from: sunsilk on July 25, 2024, 08:35:40 AM

Many of the issues that you've mentioned aren't covered by Bitcoin. They're out of scope so, I don't know where you're pulling those matters. You're generalizing things for Bitcoin as if it's created to solve all of the issues.

Bitcoin isn't Superman to solve every problem that you've said. But if it is about our finances and investing, Bitcoin truly was made for it even though the first use of it was a means of payment.

You know at times people tends to put all their problem in Bitcoin without knowing bitcoin would not or could not solve all problem that is surrounding the world but instead it can solve only financial problem as it is only created for that so anything more than that bitcoin can't solve it for example, someone trying to put their marital problem in bitcoin to solve it. This is unthinkable and how could this be possible and where and how could it be solved, but if we talks about financing then we can say bitcoin is mainly and originally created for that.

You are right in what you said, I think the burden people put on this digital currency is too much, Bitcoin is just an investment like other assets, even in the area of solving financial problems as you said, is not all financial problems. That Bitcoin can solve, Bitcoin can not solve immediate financial problems, for instance newbies that has good orientation that Bitcoin is a long-term asset, are they expected to withdraw immediately after investing to solve their immediate needs when the purpose for the investment has not been accomplished yet, I think people misunderstand this investment, Bitcoin is not a quick money making venture where individual resort to take some money to solve problems at any given time.
Individuals putting their marital financial problem in Bitcoin does not understand the whole concept, as investors in Bitcoin there has never been a time people were told to invest all their money in Bitcoin, a bitcoiner should have other spurce of income and funds to carter for their immediate needs in other to keep their Bitcoin portfolio intact, I think with this aforementioned mindset investors won't think otherwise while in the system.

You know at times what baffles me is seeing people putting all their life problem into Bitcoin just because they have hold some fractions of it without knowing that only that can't solve the problem at hand instead the only thing bitcoin can solve is holding Bitcoin for decades whereby the profit invested can yield more better than before which they can sell at later end to solve their problem, but for immediate I don't think it could happen just like that there is no magic behind bitcoin investment what matters is that the total years of holding it. For example you can decide to hold for for 4 years 8 years or even 12 years respectively with this you are sure of witnessing about three bitcoin halving circle that could cause a huged surge in Bitcoin price to give you the required return of investment which you have invested into Bitcoin by there you can use the money I mean the profit generated from bitcoin investment to solve all the problem you need. Apparently it takes 12 years to make a sustainable and substantial amount from Bitcoin.

CK485

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Quote from: yudi09 on July 30, 2024, 08:25:44 AM

Let's just say this is an assumption that describes the level of knowledge about the banking system and the Bitcoin system.
Several world figures who have great influence in many sectors have acknowledged how Bitcoin is a great alternative to save the economic system and they also boldly carry out a narrative to the public about how important it is to have assets like Bitcoin.

I think bitcoin plays a big role in the birth of the investment system, which is implemented and recognized by world figures, the advantages of investing in bitcoin, they have a lot of hope with this system in storing their assets and that is an interesting achievement, and makes hope for a long time, yes, we can know about the benefits and its journey along with the maturation of bitcoin as a finance asset and it becomes an electronic transaction system that relies on trust, triggered by the finance crisis that was the background to the launch of bitcoin.

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Quote from: GeorgeJohn on July 30, 2024, 06:08:56 PM

Quote from: WillyAp on July 20, 2024, 11:28:27 AM

The reason was anger, anger about high fees and impossible rules by banks in the far east.
Bitcoin itself with its fees, is close to copy the banks behavior back from those times.

Know body knows what satoshi nakamotor had in mind to create its currency called bitcoin, but today its creation and innovation has been a beneficiary to many people, so I believe that in time coming another person will have another insight to create its currency and worldwide will also be a beneficiary as worldwide is a beneficiary of invention of satoshi nakamotor.

We don't even know what or who Satoshi is so in this case we are just speculating about the purpose of creating bitcoin even with wild conspiracy-like thoughts like the OP said.
But in this case as long as it can be useful then why do we think about the original purpose because I think as long as it is beneficial for us then it would be better if we can make the best use of it.

I don't have thoughts too far because it's beyond my capacity, the most important thing is that I benefit from the creation of bitcoin, that's enough for me. Even though it seems selfish and ignorant of plans that could be a mistake but we cannot be naive, we currently live where we are on the path of the law of the jungle and with a difficult economic situation like this, everything that can be profitable must be utilized so that we can survive with increasingly difficult circumstances and for me personally bitcoin has so far been the answer for me, although it may not be considered I am rich with bitcoin but the impact that occurs when I am in bitcoin is at least very large to date.

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Reality is, crypto most particularly bitcoin comes to existence when fiat is falling apart. It serves not actually to replace the position of fiat but in times where fiat is failing, at least the people will never struggle since there is bitcoin that may act as a reserved currency wherein it gives more freedom and anonymity to the part of the owner, and security and confidentiality is higher than any fiat can do.

There's actually a lot of advantages bitcoin can offer apart from fiat. But until the world's government do not seem to be open-minded and accept bitcoin, bitcoin can never give to the people its utmost advantage.

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Satoshi Nakamoto created BTC primarily to help take away some power from world governments and transfer it to the commoners based on my understanding. Other pros are pretty much secondary in nature.

However, crypto isn't always reliable which is why expecting these currencies to always help in the future isn't realistic op. Certain popular currencies like BTC, ETH, LTC, Doge etc are far more reliable when compared to less popular altcoins though.

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Quote from: Mrbuck on July 20, 2024, 11:23:15 AM

We see btc and crypto was created for reason.
So crypto is strong network and very reliable we can predict future easy because crypto Will protect us against all those issues.

Banks falling,cyber attacks, goverments not working,powrr outages, fiat currency value problems, liquity problems, goverment wealth confiscation and restrictions , hacking and stealing scams and data centers over heating of stress of Traffic volumes,not single ledger to approve and validate transactions but different system and issues to working together, high cost of trust system instead of proof.
Also the social untest riots and people lose trust in everything so crypto will be only clean shirt left to hold your wealth because people Will be fearful and not trust goverment anymore.
So usa is way ahead of other countries the trump all ready make crypto great ....it's sad story for UK and eu and others and for canada they don't have leaders who admit that crypto is only way to go

So in times of Crisis the crypto works and while others suffering those who got crypto they smile

no Wonder why blackrock created cryptocurrency and btc.

- It's just me; the only thing I can really think about is what you said: that it was created for a reason, and that depends on the individual as to whether he will give it value in his personal decision, whether he will believe it positively or negatively.

Because Bitcoin or crypto can be used for good and bad, now it's up to us which of the two I mentioned we choose, as long as I also know that the majority of those who make Bitcoin or crypto who stay here are still a good thing.

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Quote from: yudi09 on July 30, 2024, 08:25:44 AM

Let's just say this is an assumption that describes the level of knowledge about the banking system and the Bitcoin system.
Several world figures who have great influence in many sectors have acknowledged how Bitcoin is a great alternative to save the economic system and they also boldly carry out a narrative to the public about how important it is to have assets like Bitcoin.

Now there are many world figures who have said that because maybe they themselves have realized how the system in Bitcoin and also the fiat system is no better than Bitcoin itself. And when there are many world figures who have realized something like that, I think there will be a good effect that arises in society, such as the increase in enthusiasts who want to have Bitcoin. So they will definitely try to learn to be able to invest in Bitcoin after knowing the level of risk and potential profits in the future.

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Quote from: SmartGold01 on July 25, 2024, 08:57:12 AM

Quote from: sunsilk on July 25, 2024, 08:35:40 AM

Many of the issues that you've mentioned aren't covered by Bitcoin. They're out of scope so, I don't know where you're pulling those matters. You're generalizing things for Bitcoin as if it's created to solve all of the issues.

Bitcoin isn't Superman to solve every problem that you've said. But if it is about our finances and investing, Bitcoin truly was made for it even though the first use of it was a means of payment.

You know at times people tends to put all their problem in Bitcoin without knowing bitcoin would not or could not solve all problem that is surrounding the world but instead it can solve only financial problem as it is only created for that so anything more than that bitcoin can't solve it for example, someone trying to put their marital problem in bitcoin to solve it. This is unthinkable and how could this be possible and where and how could it be solved, but if we talks about financing then we can say bitcoin is mainly and originally created for that.

You are right in what you said, I think the burden people put on this digital currency is too much, Bitcoin is just an investment like other assets, even in the area of solving financial problems as you said, is not all financial problems. That Bitcoin can solve, Bitcoin can not solve immediate financial problems, for instance newbies that has good orientation that Bitcoin is a long-term asset, are they expected to withdraw immediately after investing to solve their immediate needs when the purpose for the investment has not been accomplished yet, I think people misunderstand this investment, Bitcoin is not a quick money making venture where individual resort to take some money to solve problems at any given time.
Individuals putting their marital financial problem in Bitcoin does not understand the whole concept, as investors in Bitcoin there has never been a time people were told to invest all their money in Bitcoin, a bitcoiner should have other spurce of income and funds to carter for their immediate needs in other to keep their Bitcoin portfolio intact, I think with this aforementioned mindset investors won't think otherwise while in the system.

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Quote from: CryptopreneurBrainboss on July 28, 2024, 06:02:31 PM

Quote

So in times of Crisis the crypto works and while others suffering those who got crypto they smile

no Wonder why blackrock created cryptocurrency and btc.

BlackRock didn't create bitcoin and neither did they create cryptocurrency. They're just participators like you and me but they have an advantage over us because they have access to billions of dollars from their service that they provide. They manage assets and the biggest in the world for that matter.

Of all the initiatives that work this step not only marks a shift in the financial system, but makes a blackrock open a new era of growth in real asset tokens, and can be traded in the latest developments in digital assets, and they have an advantage in that.

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