So, why do we need to use Bitcoin? - page 4.

The_Dark_Knight

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Quote from: dawnpot on November 29, 2016, 03:12:57 AM

Quote from: Cangkeman Wae on November 28, 2016, 09:56:14 PM

I use bitcoin for long term investment. After I bought 2 bitcoin a year ago, I got profit more than 275%. I believe this investment is better than gold or property.

What if it depreciates to all time low at the time you're in dire need of money and you have no option than to withdraw your investment?

There are lots of ifs in that scenario but if that were to happen and he was unprepared then he will lose money, that is the way it works in trading or any businesses, that is why when possible you must secure your profit when you have the chance.

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Quote from: dawnpot on November 29, 2016, 03:12:57 AM

Quote from: Cangkeman Wae on November 28, 2016, 09:56:14 PM

I use bitcoin for long term investment. After I bought 2 bitcoin a year ago, I got profit more than 275%. I believe this investment is better than gold or property.

What if it depreciates to all time low at the time you're in dire need of money and you have no option than to withdraw your investment?

We can't foresee the future, and we can't prepare for everything, either. We can only minimize risks and maximize profits as far as possible. Personally, I think that in this very case the best strategy would be to sell exactly one bitcoin, booking the profits. In this way, even if Bitcoin spirals down to zero eventually, the whole investment would still remain profitable...

But you can always buy back your bitcoin on the way down

wuvdoll

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Quote from: Rahees on November 27, 2016, 08:00:56 PM

well it's an investment and much safe and secure

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Yes that is right to say, in fact bitcoin is a online digital currency that can be use just like using other fiat currencies of the world, but the difference is that bitcoin is a decentralize universal currency as compare to other fiat currencies, so if all the people start using bitcoin it will be more convenient for them to use it in all over the world having same value everywhere.

hilmanaaldi

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I think we should use bitcoin, because bitcoin is currency for Internet users today, and now it is very much internet users, and bitcoin is also used by people from many countries in the world. So, we need to use Bitcoin.

MMA

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Quote from: richmcrich on November 28, 2016, 04:01:14 PM

Quote from: digaran on November 26, 2016, 12:15:32 AM

I think everyone has a duty to the community to spread awareness about bitcoin and crypto currencies in general because it brings freedom of money for every individual and we should use bitcoin to bring down the banks and financial slavery they represent, every movement has to start from somewhere right?

I think one of the most important reponisbality that ever user of bitcoin has to introduce bitcoin in their near and dears so that other people who have no knowledge about bitcoin should get awareness about bitcoin and start using it.

Yes, the freedom that bitcoin may bring to us must be a very important reason why each and every human must use bitcoins, for making them to use bitcoins we must help them just by fulfilling our responsibilities.

yes that is right to say that i is the responsibility of every person to introduce bitcoin to their relatives and tho dear ones so that they can start using bitcoin, and promote bitcoin more.

dawnpot

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Quote from: Cangkeman Wae on November 28, 2016, 09:56:14 PM

I use bitcoin for long term investment. After I bought 2 bitcoin a year ago, I got profit more than 275%. I believe this investment is better than gold or property.

What if it depreciates to all time low at the time you're in dire need of money and you have no option than to withdraw your investment?

Cangkeman Wae

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I use bitcoin for long term investment. After I bought 2 bitcoin a year ago, I got profit more than 275%. I believe this investment is better than gold or property.

The_Dark_Knight

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Quote from: kanazawa on November 27, 2016, 08:06:17 PM

Because (at least me) I'm tired to "use" government fiat money. EVerything's under gov't control and mistakes made by corrupt people splashes in good people and this non-responsible behavior by people inside the stablishment is what corrodes the country and the currency (consequently the PPP and that's the main stuff that ruins your life). With BTC lotta stuffs are unaffected by local government and good people are not victims of this mentioned "corrosion" made by the government. So Bitcoin is the money of Good people --- even usd by wrong things, fiat is used too.

Governments cannot blunder with bitcoin simply because they don't have the chance to do it since they don't print it, so bitcoin is the money of those that want to be free of government and banks regulation.

richmcrich

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Quote from: digaran on November 26, 2016, 12:15:32 AM

I think everyone has a duty to the community to spread awareness about bitcoin and crypto currencies in general because it brings freedom of money for every individual and we should use bitcoin to bring down the banks and financial slavery they represent, every movement has to start from somewhere right?

I think one of the most important reponisbality that ever user of bitcoin has to introduce bitcoin in their near and dears so that other people who have no knowledge about bitcoin should get awareness about bitcoin and start using it.

Yes, the freedom that bitcoin may bring to us must be a very important reason why each and every human must use bitcoins, for making them to use bitcoins we must help them just by fulfilling our responsibilities.

raja3sumi

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so that we can afford our day to day expenses
or otherwise u can invest the bitcoins and earn it later a very high profit for the future .
or u can earn to remove ur debts or get away with the education loan which is too heavy say .but u can make it if u work hard a lot .

dawnpot

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Can I use bitcoins to move large sums of money around? Say $500K from one country to another without any restrictions and territorial issues? Thanks in advance.

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Quote from: Mastsetad on November 28, 2016, 12:44:38 PM

It has a lot of uses, now it depends on an individual if how they want to use or why they want to use. I personally use it because i can earn it, i really don't have any problems with fiat i'm using but i actually convert my bitcoins to fiat when i need money, so it really depends on a person if why they want to use it, some use it as an investment, some use it for the anonymity and some as a currency.

you are right. it all depends on each person who uses it. I use bitcoin as bticoin has helped me in terms of finances, just like you. Well, maybe there are some people who need bitcoin for gambling or trading. each person has their own reasons, but I think they are the same purpose in using bitcoin, namely, to make a lot of money

JasonXG

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Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

It is easier to use then traditional banks. It is easier to get a hood of you dont have to go to w bank and open an account fill out forms then still habe to register and verify PayPal or whatever form of payment you want to use. Bitcoin eliminates that.

With bitcoin it is all direct and the blockchain miners and wallet users all contribute to the entire network so you dont habe to pay outrageous bs is and paypayl fees. With a bank you habe to pay to get your own money but not sure with bitcoin. There so many advantages you could write a thesis on it. xD

Mastsetad

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It has a lot of uses, now it depends on an individual if how they want to use or why they want to use. I personally use it because i can earn it, i really don't have any problems with fiat i'm using but i actually convert my bitcoins to fiat when i need money, so it really depends on a person if why they want to use it, some use it as an investment, some use it for the anonymity and some as a currency.

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Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

for my transaction , my knowlegde about bitcoin and most important is to get more profit

mrkevio

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I think we've got to use Bitcoin because it's a revolutionary, kind of anonymous currency that is safe and very easy to use. You're basically your own bank, you can do whatever you wish with your Bitcoins and it's pretty rare to be looked up by someone except if you're a suspected criminal or something like that.

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Quote from: hajimasan on November 28, 2016, 07:12:08 AM

Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

Since there are many reasons to use Bitcoin but the main reason to use Bitcoin is its beauty of worldwide payment system .
Through Bitcoin we can make payment in whole world with useless amount of transaction charge , Do a better way to make world-wide deals .

I think you mean small fees which are now bloating in amount and many of us dont like what is happening. We know it is miners fee which is normal but I hope to see some improvements when it comes to speeding up the process.

stark101

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Quote from: goldcoinminer on November 28, 2016, 03:02:16 AM

Quote from: stark101 on November 28, 2016, 01:50:55 AM

Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

Actually for me, it only depends to the users if they need to use bitcoin. But in my case, i need to use bitcoin because it gives me many benefits, we need to use bitcoin because they created it for our generation, it is more convenient to use and offers the freedom for the users, it is fast, secure and global, bitcoin was designed with our privacy in mind, and also bitcoin provides an extra financial money to the people who joined here.

What I like is the freedom to use bitcoin, the income is just a bonus for me as in real life I still have a job. With bitcoin, I can gamble all I want, and that benefits me a lot as I love to be entertain regularly.

Yes your right

. Because there are some activities that you cant have your freedom. In bitcoin, the most important and i want here is where bitcoin gives us freedom for our self. We have the right to speak in many ways, we have the power to act what we want and think what we should think without any hesitations or restraint.

Skarner21

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Massive price drop coming...

Quote from: hajimasan on November 28, 2016, 07:12:08 AM

Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

Since there are many reasons to use Bitcoin but the main reason to use Bitcoin is its beauty of worldwide payment system .
Through Bitcoin we can make payment in whole world with useless amount of transaction charge , Do a better way to make world-wide deals .

Use less fee? honestly as my experience right now we are paying a large fee for every transaction unlike before.
And the transaction is not so fast and the transaction speed is always depends in your fee if you want fastest or high priority to send your bitcoin to other address you need to pay a fee above default fee just to increase the speed of the transaction..
For me we are using bitcoin because the good benefits that we are getting right now and we can earn few bitcoins doing some task online.
The other reason we are using bitcoin because we can use to buy some stuffs online that accepting bitcoin as payment and the other thing bitcoin is anonymous and we can use it in any anonymous transaction and you can gamble without tracking transaction.

hajimasan

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Quote from: hermanhs09 on February 24, 2016, 10:13:00 AM

So, why do we need to use Bitcoin???

Since there are many reasons to use Bitcoin but the main reason to use Bitcoin is its beauty of worldwide payment system .
Through Bitcoin we can make payment in whole world with useless amount of transaction charge , Do a better way to make world-wide deals .

Topic: So, why do we need to use Bitcoin? - page 4. (Read 21172 times)