So, why do we need to use Bitcoin? - page 6.

Xester

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Quote from: outatime1 on November 26, 2016, 08:47:13 PM

We don't need to use bitcoin, but it is an innovation that give us some independence from government controlled currency and independence from banks. It is a step toward economic independence.

Yes bitcoin is not a requirement that the government upholds through laws and bills. It is voluntary to use bitcoin or not. The question should be why do people love to use bitcoin. It is a clear fact that bitcoin usage can fast track financial transactions online. It saves time to pay and to purchase things without leaving our home.

goldcoinminer

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Quote from: (altair) on November 27, 2016, 12:15:13 AM

We must use bitcoin because it is the future digital currency of the world. Bitcoin has a greater value than fiat. A single bitcoin costs so big amount in fiat. Bitcoin is convenient to use in terms of sending and receiving transactions. It has smaller fees compared to fiat.
We don't need banks to store our bitcoins.

It's not compulsory, no one forces us to use bitcoin it's our decision because we saw some opportunity for the future to be profitable. Honestly, some are just using bitcoin for limited transaction online since the business who adopts are just limited for now.

Let's hope the future is a success for bitcoins as it's good to live a cashless world where our money never inflates.

(altair)

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We must use bitcoin because it is the future digital currency of the world. Bitcoin has a greater value than fiat. A single bitcoin costs so big amount in fiat. Bitcoin is convenient to use in terms of sending and receiving transactions. It has smaller fees compared to fiat.
We don't need banks to store our bitcoins.

freedomgo

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Quote from: The_Dark_Knight on November 26, 2016, 10:32:19 PM

Quote from: bamboylee on November 25, 2016, 01:35:26 AM

To get away from the ever inflating fiat. But since we cannot spend bitcoin directly everywhere yet, it now serves as a good investment. It will have a high value in the future so having them now while the price is still at low is very profitable for us.

We can get away from fiat inflation with bitcoin but only partially since bitcoin price is still denominated against fiat money, so if governments keep printing fiat then the value of bitcoin in fiat will increase but since the fiat will buy less and less stuff as it inflates then our bitcoin will not buy more products and services.

The value of bitcoin has not relation if the government will print more fiat or not, it is solely base on the supply and demand and the economy of a country could be one factor to let them decide to adopt to give value of their money.

The_Dark_Knight

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Quote from: bamboylee on November 25, 2016, 01:35:26 AM

To get away from the ever inflating fiat. But since we cannot spend bitcoin directly everywhere yet, it now serves as a good investment. It will have a high value in the future so having them now while the price is still at low is very profitable for us.

We can get away from fiat inflation with bitcoin but only partially since bitcoin price is still denominated against fiat money, so if governments keep printing fiat then the value of bitcoin in fiat will increase but since the fiat will buy less and less stuff as it inflates then our bitcoin will not buy more products and services.

Caladonian

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Quote from: outatime1 on November 26, 2016, 08:47:13 PM

We don't need to use bitcoin, but it is an innovation that give us some independence from government controlled currency and independence from banks. It is a step toward economic independence.

If we are looking for another alternative ways to do transaction and make it much easier and anonymously bitcoin is the best answer it has the function that so easy to deal with and it is also another form of investment for long term profits.

outatime1

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We don't need to use bitcoin, but it is an innovation that give us some independence from government controlled currency and independence from banks. It is a step toward economic independence.

Tyrantt

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Need some spare btc for a new PC

Quote from: staff_1307 on November 26, 2016, 10:48:16 AM

To make money, invest in yourself, evolve and get better.

those last two arent clear to me that much Cheesy

evolve as human/person or evolve the nature of money/paying?

staff_1307

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To make money, invest in yourself, evolve and get better.

chineseprancing

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Quote from: diodio5 on November 26, 2016, 06:15:14 AM

Quote from: btcdiggingmaster on November 26, 2016, 05:45:40 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.

if you are a worker and will require additional income or you're looking for a job and want to invest, it would be very suitable for you bitcoin, bitcoin will provide great benefits to you. you just need to learn about bitcoin

Agree that bitcoin is great other source of income for all of us we can get huge money here for additional money to spend for our expenses specially if you are very active in collecting bitcoin even you source of bitcoin is signature campaign only.

diodio5

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Quote from: btcdiggingmaster on November 26, 2016, 05:45:40 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.

if you are a worker and will require additional income or you're looking for a job and want to invest, it would be very suitable for you bitcoin, bitcoin will provide great benefits to you. you just need to learn about bitcoin

btcdiggingmaster

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Transact Safer / Chase Better

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.

lionheart78

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

Quote from: StarofBTC on November 25, 2016, 07:29:14 AM

Quote from: olushakes on November 23, 2016, 04:01:47 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.

betohell

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Quote from: bamboylee on November 25, 2016, 01:35:26 AM

To get away from the ever inflating fiat. But since we cannot spend bitcoin directly everywhere yet, it now serves as a good investment. It will have a high value in the future so having them now while the price is still at low is very profitable for us.

I think the issue about bitcoin spending we can not directly be resolved in the future, because the fact bitcoin growing increasingly sophisticated and I am sure it will benefit investors in the short term or long term

Xester

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Quote from: StarofBTC on November 25, 2016, 07:29:14 AM

Quote from: olushakes on November 23, 2016, 04:01:47 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.

panju1

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Quote from: digaran on November 25, 2016, 11:15:32 PM

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?

It is not just a duty, we have a vested interest. By spreading awareness and increasing adoption, the value of cryptocurrencies increases.
We all benefit from the small stash that we have.

digaran

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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?

abel1337

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Quote from: myparentsdisownedme on November 25, 2016, 07:19:44 PM

Its good if youre buyin illegal substances like cigarettes or something, need to keep off the grid

Are you just using bitcoins to buy illegal stuffs? Bitcoin has advatage on a transaction like that because of its anonymity,But you do it wrong.We all here wants to make bitcoin influence a positive ones in order other person or business accept the bitcoin as a payment to their stuffs. And government too,We want bitcoin to accept by government and not be illagalized on each country

CyberKuro

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Quote from: Amph on February 24, 2016, 10:04:03 AM

to not be controlled by legal thieves, aka governments, and to save on your stuff

I like your reason, not controlled but saving it on your own.
The most interesting part of bitcoin are
- it is currency that has higher value than any other and still increase
- allow you to purchase stuff wherever it is as long they accept bitcoin
- low fees and fast transaction worldwide even the confirmation need more time but at least it already sent.

myparentsdisownedme

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Its good if youre buyin illegal substances like cigarettes or something, need to keep off the grid

Topic: So, why do we need to use Bitcoin? - page 6. (Read 21235 times)