Topic: That's why I really like bitcoin :) (Read 1740 times)
At this stage of life nobody who is into investment that does not like cryptocurrency and no person who is into business buying and selling that does not like or embraced cryptocurrency because when looking at it cryptocurrency is the possible way or the easiest way of making a payment or to make a transaction to be successful from intercontinental areas so with bitcoin kind of payment wherever you are you will receive your money successfully without a delay, and it bring than a stress of sending money
Lucky if there is availability in that way mate , but I support your Title because I really like bitcoin in all forms of it .
Quote
but the funny thing is there are still many people who don't like bitcoin.
There's nothing funny about those who don't like Bitcoin, because maybe they still don't understand what Bitcoin is, so they choose not to like it before they really know about Bitcoin by trying to find out for themselves what Bitcoin is. Or ask people who already know this before, so I don't think there's anything funny about them.I haven't encountered people who don't like bitcoin, only those in governments that are banning it. Though it doesn't mean that they don't know it, it is just that they are having difficulty or can't access the transactions on it, which they mostly say were used for illegal transactions, and they also can't control it, which is why they banned and hated bitcoin. There are also people who invested in bitcoin but got scammed and told others that bitcoin was scammed, but later on they knew that it wasn't since it was just used by the scammers, and then they would get back into investing in bitcoin.
lots of people like bitcoin of course for many reasons including as you said,
but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.
Your reason is very simple, it is also not wrong to express it, although for me it is not a very specific reason. Because if you like something it's just about seeing how it works online, I think there are a lot of coins now where the way it works also has to have an internet network, that is, it has to be online. So, now try to find more specific reasons so that you can continue to like Bitcoin for all time, because if you only like Bitcoin online, I'm afraid that one day you won't like Bitcoin anymore when you can't go online.but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.
Quote
but the funny thing is there are still many people who don't like bitcoin.
There's nothing funny about those who don't like Bitcoin, because maybe they still don't understand what Bitcoin is, so they choose not to like it before they really know about Bitcoin by trying to find out for themselves what Bitcoin is. Or ask people who already know this before, so I don't think there's anything funny about them.
lots of people like bitcoin of course for many reasons including as you said,
but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.
but the funny thing is there are still many people who don't like bitcoin.
but I personally prefer bitcoin because bitcoin is a digital currency and how it works online, because if you go online, of course it doesn't take a lot of energy.
but the funny thing is there are still many people who don't like bitcoin.
Everything has its good and bad sides. If we look at the good side of Bitcoin, there are many things that can be done and currently, some people are controlling the entire market. Whenever the market is out of their hands, everything will be better and the price of Bitcoin will increase.
There are several important reasons why Bitcoin is more important than fiat money. These reasons are not applicable to everyone, especially due to some political instability in my country, the trust of people, especially the common people is decreasing day by day. People are no longer dependent on banking conditions as before. The banking system is becoming such that day by day, if you keep money in the bank, the bank deducts more amount from the main account as various maintenance cost than the amount of return. Moreover, the purchasing limit of common people is decreasing day by day due to political reasons in our country. So they don't want to take big ricks by keeping money in the bank. In particular, the probable cause of bankruptcy of government banks is emerging. So we value bitcoin much more than fiat money in the context of our country.
Physical currencies too have the similar features. Over time everything have well advanced. Bitcoin wallet serves as one's own bank, because it is you who can control it. Banks are different, and OP have mentioned it just to indicate the reason that attracts.
Of course, there will be some similarities between fiats and Bitcoin, but I must say that Bitcoin is more advantageous and makes you feel that you truly own the coin you possess. Fiat has cheated us a lot, and the large difference in usage of the most popular payment system between countries irritates me. But with Bitcoin, the owner has the absolute right and would be able to pay and enjoy being paid as long as the dealer allows the coin.In other words, with BTC, you can do payments that the best countries in the world could do with the same rights, unlike fiats in which they discriminate.
Now that there are many popular countries that accept payments with Bitcoin, it is an convenience for us when traveling abroad to visit the country, for example, there is no need to exchange fiat into their currency, but with Bitcoin, we just need a QR which is simpler, I imagine if this is all the world to apply it maybe they will have no trouble.
Illustration of the difference between Bitcoin and Fiat
Physical currencies too have the similar features. Over time everything have well advanced. Bitcoin wallet serves as one's own bank, because it is you who can control it. Banks are different, and OP have mentioned it just to indicate the reason that attracts.
Of course, there will be some similarities between fiats and Bitcoin, but I must say that Bitcoin is more advantageous and makes you feel that you truly own the coin you possess. Fiat has cheated us a lot, and the large difference in usage of the most popular payment system between countries irritates me. But with Bitcoin, the owner has the absolute right and would be able to pay and enjoy being paid as long as the dealer allows the coin.In other words, with BTC, you can do payments that the best countries in the world could do with the same rights, unlike fiats in which they discriminate.
You don’t have to physically carry it around.
You do not also have to physically carry cash around to spend it too, the same way with bitcoin. I do not see anything special or of advantage there to bitcoinif you are going to use that as a point. Another thing is that we do not have to see bitcoin as banks. Both of them operate differently. Bitcoin operates 24hrs and none stop but banks have restrictions with when and how to operate, days off, and middlemen.
You don’t have to physically carry it around.
You do not also have to physically carry cash around to spend it too, the same way with bitcoin. I do not see anything special or of advantage there to bitcoinif you are going to use that as a point. Another thing is that we do not have to see bitcoin as banks. Both of them operate differently. Bitcoin operates 24hrs and none stop but banks have restrictions with when and how to operate, days off, and middlemen.
Throughout history, there has been a conflict between solid currencies such as gold and silver and fiat currencies. Bitcoin has emerged on the stage of history as an additional alternative to solid currencies such as gold and silver. I'm already on the side of solid coins. That's why I love Bitcoin so much. We don't need to count the extra great things like peer-to-peer payment, decentralized structure, semi-anonymous structure, financial freedom and portability...
I appreciate Bitcoin so much as it has unique technology and principles of operation that outweighs the traditional ways of investment and settlements, but in fairness, gold, silver and fiat have their advantages over the cryptocurrency too. As much as I would want to say I love Bitcoin more than the others, it might only be about the low transaction cost and the decentralization of BTC that would be the valid advantage of it over the earlier listed ones. Then people could ask me, why do you think there is a better one but you prefer not to use it? That is why it's a lot better to have something like this in the long run instead, makes a lot better situations and give a lot better results to just trust the thing you invest into and that is what I am doing right now with 100% committing to bitcoin.
You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.
Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
some because of greed but mostly because of their own mistake not studying how they can be safer.
Then why is it so difficult for governments to accept Bitcoin or other cryptocurrencies as currency. I believe, most of the current use of Bitcoin is private parties, while government agencies are more controversial and even reject Bitcoin.
If Bitcoin is good, why don't they use it? Of course this is a question that arises in our minds.
We know that most state institutions around the world are not clean from corruption. So they reject the transparency system that can interfere with their actions, namely corruption. They don't reject Bitcoin, but they reject the transparency system that exists in Bitcoin. My assumption is so, although the assumption is too much.
The third party just doesn't want to make any official recognition of the benefits of Bitcoin. They personally continue to set aside money to invest in Bitcoin because they know that Bitcoin can be a valuable asset in the future.If Bitcoin is good, why don't they use it? Of course this is a question that arises in our minds.
We know that most state institutions around the world are not clean from corruption. So they reject the transparency system that can interfere with their actions, namely corruption. They don't reject Bitcoin, but they reject the transparency system that exists in Bitcoin. My assumption is so, although the assumption is too much.
In line with your assumptions. None of their institutions are clean from corruption. Because the Bitcoin system is very transparent, those who still put their personal interests first will still reject the Bitcoin transparency system.
As supporters who will always support Bitcoin, we better forget about the third party because it can waste energy.
I am not saying that it's going to be impossible, even with that there would be some people who will support corrupt people just because they are thinking the same way on some political ideas, but it will become harder to find voters if your corruption is out in the open.
You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.
Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
As for me, I like bitcoin because they is no third party that is in control of daily transactions.
And for me, I like Bitcoin because it is a fast means to transfer money across borders, as with the use of Bitcoin people don't need to waste time anymore joining queues at the bank just to send money through "Western union or Moneygram" to a family member or friend studying overseas who needs urgent money for basic needs instantly, of which with the help of Bitcoin, all these can be done within 10 to 15mins. Today it is not about as to liking bitcoin....and then You are to trying to explain why, since every bitcoin user knows very well why they use it... We must stop being redundant in positive discourse and be more proactive.
agree, this is the importance of increasing a broader perspective for the good of yourself. Things that are too fanatical that continue to be excessive aren't good for the future, by making topics that lead to being proactive like this that can give birth to the words fomo and fudder. basically everyone has a personal reason for using bitcoin, let it run its course. Storage needs to be done both online and not online. In addition to online storage, it is very necessary to store on the hardware. If the storage has been carried out to the backup stage in another location but still has the potential to be lost when a natural disaster occurs, it means that there is no safe storage area anymore. This means that if a natural disaster occurs that can damage homes and other facilities that can cut internet access, then what chance of losing our BTC assets?
There is definitely such a risk, then you probably need to store the split seed phrase in several copies in several places. There is probably no point in learning a seed phrase by heart, because without constant repetition you will forget it very quickly. This issue has already been discussed several times on the forum, there are quite a few solutions. I like bitcoin because I myself am personally responsible for the safety of my coins, that I do not have to trust anyone with their safety, that for this I do not need the services of banks or vaults.
I myself keep it only in 2 places online and offline, it's more than enough and safe for me, so I don't think it's too much risk but we ourselves have to be able to keep it safe.
Your first point looks very obvious for the choice of BTC as on priority basis digital assets are far more secure and easy to utilize as compared to the hard cash. Digital Word sounds good and Cash aounds booring haha that my point anyway 😉 enjoy the Store of Value like really if you know what it is then you can say that.
I think everyone has a different choice but Bitcoin is prioritized because of the advantages they know but it can't be separated from fiat, no matter what our needs are for those who can't pay Bitcoin in their country.Glancing at Twitter @Bitcoin Magazine Bitcoin has become a good adoption in some countries and some have even ratified it as a legal payment, if only half the world adopted it en masse there is a possibility that we can use the true function of Bitcoin which is a means of payment anywhere, but that's all still a good step for the future.
Your first point looks very obvious for the choice of BTC as on priority basis digital assets are far more secure and easy to utilize as compared to the hard cash. Digital Word sounds good and Cash aounds booring haha that my point anyway 😉 enjoy the Store of Value like really if you know what it is then you can say that.
Storage needs to be done both online and not online. In addition to online storage, it is very necessary to store on the hardware. If the storage has been carried out to the backup stage in another location but still has the potential to be lost when a natural disaster occurs, it means that there is no safe storage area anymore. This means that if a natural disaster occurs that can damage homes and other facilities that can cut internet access, then what chance of losing our BTC assets?
There is definitely such a risk, then you probably need to store the split seed phrase in several copies in several places. There is probably no point in learning a seed phrase by heart, because without constant repetition you will forget it very quickly. This issue has already been discussed several times on the forum, there are quite a few solutions. I like bitcoin because I myself am personally responsible for the safety of my coins, that I do not have to trust anyone with their safety, that for this I do not need the services of banks or vaults.
Jump to: