So, why do we need to use Bitcoin? - page 5.

kidoseagle0312

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

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

If you know what bitcoin is all about, I think no need to ask that question anymore. But if you don't know it for real, well it is very convenient to use when it comes to money transfer, even if you are in online shopping who accepted bitcoin payment, Then you can save money better than a bank.

TastyChillySauce00

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Quote from: BitFinnese on November 28, 2016, 01:39:56 AM

Quote from: blackmachinegun on November 27, 2016, 07:19:41 PM

Quote from: ?? on ??

yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.

how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you?
I think bitcoin not exactly safe because the risk is high

I think the one you quoted is referring to the security of the coin. The bitcoin you hold cannot be freeze by any government because you alone have access to it. Aside from that carrying bitcoin around is easy because you can save it in just a single piece of paper, or usb, or in your mobile phone.

About the fluctuation, this is the reason why bitcoin got the interest of investors. Fluctuation that enable them to earn more. Risk is always present in every investment so I think there is no difference if you invest in bitcoin or any other investment out there, with the use of bitcoin or real money

Quote from: freedomgo on November 27, 2016, 07:46:12 PM

I don't get what you mean by the words I highlighted, you are suppose to check your post before hitting enter.

Anyway, it's real that bitcoin fluctuates and by putting your money in bitcoin it's already a risk, so no safe haven for me.

dangat beganti = greatly changed

if you're talking about security. the wallet itself really vulnerable to cyber criminals and once the information about yourself leaked such as a private email it'll really threatening your security. The only way is to enable double authentication to improve your security.

The bitcoin cannot be freeze by the government but can be seized like what just happened in Australia when they're auctioning the bitcoin they've seized from someone means it's possible

goldcoinminer

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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.

stark101

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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.

BitFinnese

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Quote from: blackmachinegun on November 27, 2016, 07:19:41 PM

Quote from: ?? on ??

yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.

how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you?
I think bitcoin not exactly safe because the risk is high

I think the one you quoted is referring to the security of the coin. The bitcoin you hold cannot be freeze by any government because you alone have access to it. Aside from that carrying bitcoin around is easy because you can save it in just a single piece of paper, or usb, or in your mobile phone.

About the fluctuation, this is the reason why bitcoin got the interest of investors. Fluctuation that enable them to earn more. Risk is always present in every investment so I think there is no difference if you invest in bitcoin or any other investment out there, with the use of bitcoin or real money

Quote from: freedomgo on November 27, 2016, 07:46:12 PM

I don't get what you mean by the words I highlighted, you are suppose to check your post before hitting enter.

Anyway, it's real that bitcoin fluctuates and by putting your money in bitcoin it's already a risk, so no safe haven for me.

dangat beganti = greatly changed

rajasumi2

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well i use bitcoins for the following
-so that i can meet my monthly expenses to some extend
-so that i can earn my favourite stuff with bitcoins .
-well its kinda fun and its likely my hobby to earn bitcoins .
-its a very famous currency and i think when many people are doing it .it has to be reliable to some extend .
kudoos

hurain

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Quote from: Doms on November 27, 2016, 09:04:13 PM

As much as I want to use it on a daily basis, there's just not enough usage for it and not enough physical stores ready to accept it. I am able to use bitcoin for my mobile phone's load and pay some bills online but what I want to happen is for me to shop at groceries, malls and pay my transportation fares with bitcoin. It might take a while for that to materialize but I am hoping that it doesn't come too late.

but in mos of areas bitcoin cannot be use for shopping everything. there are very little opportunities of using bitcoin in such areas, i think in these areas we need to introduce bitcoin among the people so that they may start using it and then they can be able to get opportunity to use bitcoin evenr int their local shops.

Victorycoin

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Quote from: blackmachinegun on November 27, 2016, 07:19:41 PM

Quote from: ?? on ??

yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.

how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you?
I think bitcoin not exactly safe because the risk is high

Bitcoin as a safe haven currency is a term in trading and it simply means that bitcoin provides a worthwhile alternative investment, when the fiats and its inflationary nature begins to drive people noughts. That you can see by people pulling out their money from fiat investments or savings and turning them to bitcoin as savings or investments. A good sign of that is the increasing number of people now using bitcoin.

Doms

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As much as I want to use it on a daily basis, there's just not enough usage for it and not enough physical stores ready to accept it. I am able to use bitcoin for my mobile phone's load and pay some bills online but what I want to happen is for me to shop at groceries, malls and pay my transportation fares with bitcoin. It might take a while for that to materialize but I am hoping that it doesn't come too late.

kanazawa

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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.

Rahees

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well it's an investment and much safe and secure

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Harlot

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Quote from: dothebeats on November 27, 2016, 03:21:53 PM

Actually, using bitcoins is not a necessity but rather a choice to be made by people looking into it. You don't really need to convert your cash into bitcoin as long as you are happy with using cash produced and mandated by the government. Also, it's fine as long as you are fine with the idea that the banks would continue to oppress you and you would allow them to steal the value of your money. It's perfectly fine to not use bitcoin because in the end it would be your decision that weighs and matters the most.

But isn't using Bitcoin help increase its demand to go up? By using Bitcoin other people will se how it works or at least know what Bitcoin is. This is helpful for us people who are users of Bitcoin because we will see a price increase. The more people who use Bitcoin the higher the price it will be. We all know Bitcoin is limited it is only a matter of time before all of it will be mined.

freedomgo

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Quote from: blackmachinegun on November 27, 2016, 07:19:41 PM

Quote from: ?? on ??

yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.

how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you?
I think bitcoin not exactly safe because the risk is high

I don't get what you mean by the words I highlighted, you are suppose to check your post before hitting enter.

Anyway, it's real that bitcoin fluctuates and by putting your money in bitcoin it's already a risk, so no safe haven for me.

blackmachinegun

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Quote from: ?? on ??

yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.

how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you?
I think bitcoin not exactly safe because the risk is high

Labumi

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Quote from: jak3 on November 27, 2016, 03:32:27 PM

i use bitcoin because it perfectly fits of all my needs but nowdays i am getting a little problem with these transacrion fees but atleast its far far lower, faster an better than a bank system. i can easily fulfill my dreams its what i called getting comfortable with my work insted of giving labour in your work

Perfection depends on what they need. If indeed perfect for you then I am sure that all of your needs and desires can be fulfilled properly if you are using bitcoin. So it depends on the situation and needs are at your disposal. so, bitcoin does have a system that is almost perfect and can give you all the people who use them will benefit and they will rejoice because it has huge advantages.

jak3

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i use bitcoin because it perfectly fits of all my needs but nowdays i am getting a little problem with these transacrion fees but atleast its far far lower, faster an better than a bank system. i can easily fulfill my dreams its what i called getting comfortable with my work insted of giving labour in your work

dothebeats

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Actually, using bitcoins is not a necessity but rather a choice to be made by people looking into it. You don't really need to convert your cash into bitcoin as long as you are happy with using cash produced and mandated by the government. Also, it's fine as long as you are fine with the idea that the banks would continue to oppress you and you would allow them to steal the value of your money. It's perfectly fine to not use bitcoin because in the end it would be your decision that weighs and matters the most.

hurain

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Quote from: lionheart78 on November 26, 2016, 06:43:17 AM

Quote from: Xester on November 26, 2016, 06:08:05 AM

Quote from: StarofBTC on November 25, 2016, 08:29:14 AM

Quote from: olushakes on November 23, 2016, 05:01:47 PM

The answer I can think of now is that, we need to be able to buy goods and services from one another without restrictions whatsoever, which is not limited by border or nationality or location ( by nature human beings) in other to do this, we need a currency and thats simply the gap Bitcoin came to fill and if not Bitcoin, definitely another "thing" to be used as currency would evolved.

To me the most appropriate reason is that it is the need of the day, as we can see that in modern age people are giving importance to online services jobs and business, and we can see that all the other companies are also providing online services therefore to me it is important to start using bitcoin as it can fulfill all these requirements.

We need to use bitcoins because we need to make it regularly circulating plus we also need to use our bitcoins because it will show how indemand the bitcoin was. And im sure many will really use bitcoins because all of us needs money, and most of us are using bitcoins to pay our utility bills and for buying loads. We should keep bitcoins very useful so that more people will also aware with bitcoins.

Yes, this is true, by using bitcoin thru spending them to buy items either online or offline will establish bitcoin market. This will have a great impact in the future. Though investors try to hoard bitcoin as much as possible to suppress the supply and raise the demand for the coin to be more expensive in the future, spending it will secure bitcoins future in the market.

yes the trend of currency is now changing as in start bitcoin was only using for investment purpose but now the facility of using bitcoin as a currency is also available in most shopping stores .

croutonhexagon

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Bitcoin have lot of advantages like less transaction fees and faster transaction compared to transaction across multi countries. Also it is much safer then banking system and hacker couldn't get into the system so easily.

d@nte

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Quote from: btcdiggingmaster on November 26, 2016, 06:45:40 AM

Because bitcoin is the one biggest assert presently running in online world and to make more money while investing into bitcoin, bitcoin is used many other purposes also like trading, buying and selling at higher price. In some countries they have established exchanges to convert them into local currency.

Bitcoin is in fact a great asset, but most people are not investors or speculators, I believe they will decide using Bitcoin based on different purposes, such as the ease of sending and receiving payments using Bitcoin, the fact of being decentralized is also a good reason for them to use it.

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