Topic: That's why I really like bitcoin :) - page 7. (Read 1740 times)
The point you bought up that it was a response to 2008 market downfall. I agree with that completely. The banking financial system is inherently flawed and manipulative. Whenever we have more money in our pockets and we can really become rich. Governments deliberately increases interest rates. Because they want high inflation, control prices and keep us poor and enslaved. I think Bitcoin can be our freedom.
but unfortunately some governments will never agree with the transparency that bitcoin provides. Countries with high corruption really will not fully implement bitcoin, this will be a threat to those who are used to working dirty.
Bitcoin does have a strong community and is not regulated by anyone. but also have to be concerned about the risks in bitcoin, when we know the advantages of bitcoin we must also know what the disadvantages and risks of bitcoin are so that we can compensate and be aware of the risks that will occur.
Bitcoin does have a strong community and is not regulated by anyone. but also have to be concerned about the risks in bitcoin, when we know the advantages of bitcoin we must also know what the disadvantages and risks of bitcoin are so that we can compensate and be aware of the risks that will occur.
continue to believe in Bitcoin, this Bitcoin will not disappoint us, with the increasing progress in Bitcoin it really makes people very interested and like Bitcoin, now there are many very good features, and this is very useful.
Yeah beating able to memorize you private key or mor realistically your seed phrase for your hardware wallet is a pretty incredible concept. I do feel like bitcoin has hit a little bit of a wall of late, so I hope to continue to see more and more businesses adopt it as a means of payment.
did you really memorize your private key and seed phrase? that's almost impossible to do. and it is better to write down your private key and seed phrase somwhere safe and secure so if you forget that by chance so you can still recover your wallet. just don't keep your keys in your laptop or mobile because they have risk of getting hacked and stolen.
Yeah beating able to memorize you private key or mor realistically your seed phrase for your hardware wallet is a pretty incredible concept. I do feel like bitcoin has hit a little bit of a wall of late, so I hope to continue to see more and more businesses adopt it as a means of payment.
Bitcoin serves as an alternate and in different means it easily overcome the flaws of the traditional fiat. Majority of the investment into bitcoin is upon the growth expectancy. This happens for sure, we also need the patience to experience the growth than just investing and expecting back the profit overnight. For now Investment on bitcoin can limit an user from spending, because these days direct usage of cash have decreased alot.
People find the digital money(digital form of fiat) as mere numbers and spend on needs as well as on unwanted things. Keeping it in bitcoin could make as prioritise investment and lower the unwanted spending.
People find the digital money(digital form of fiat) as mere numbers and spend on needs as well as on unwanted things. Keeping it in bitcoin could make as prioritise investment and lower the unwanted spending.
Those attributes which you have highlighted are especially suitable. Bitcoin is actively used and practically every person is interested in investing in bitcoin. The returns of cash which bitcoin generates are more substantial. Actually bitcoin is recognized in every nation and locality and is more acknowledged as compared to the others. Now a days the bitcoin is suffering from the declining and reducing price but there is a great deal of hope for its evaluation to reach a peak again.
People just too scared to even give a shot into new things , new revolutionary stuff like bitcoin , we are in early stage and indeed many still can't accept the fact bitcoin are so helpful to solve monetary problems despite yeah there might several 'bugs' to fix , nothing perfect though.People tend to follow what media says about bitcoin and a lot of people thinks bitcoin are the greatest scam unfortunately.
I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day.
If my monthly income in $500, and my monthly living expenses is $350. That is to say every month I have $150 for misc which investment is among them. Can you explain to me how rich I could be by investing in bitcoin at this stage? The essence of my question is; bitcoin is not only for buying, holding and selling at a later higher price. There is more to bitcoin. Part of the question also would be whether you have various other emergency savings in place in order that your surplus $150 per month is truly available for you to spend.
Admittedly in such a tight situation, you might NOT be able to feel comfortable investing a lot into bitcoin, and so if you are able to invest $10 per week, you may well have to wait more than 10 years before you start to feel that you have a sufficient enough savings/investment in bitcoin in order to start to feel more wealthy by it and that you have more options.
You are correct with the suggestion that lower amounts of investment does make it more difficult to tangibly measure that you are benefiting by bitcoin and having bitcoin as one of your options. Nonetheless, bitcoin does seem to be amongst the best of investments that are available to people, even people with very tight budgets.
Sure there can be some benefits in having bitcoin in society, even if you personally are not able to invest in bitcoin, but it does seem better to be able to invest into bitcoin with as much as you can reasonably muster up without over extending yourself, even if you are poor and with a low monthly cashflow.
I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day.
If my monthly income in $500, and my monthly living expenses is $350. That is to say every month I have $150 for misc which investment is among them. Can you explain to me how rich I could be by investing in bitcoin at this stage? The essence of my question is; bitcoin is not only for buying, holding and selling at a later higher price. There is more to bitcoin. The widespread use of bitcoin and its emergence as a substitute for traditional payment methods is a positive indication in any nation.
"...and its emergence as a substitute for traditional payment" it would make more acceptable if you can rephrase your statement as "...and its emergence as an alternative to traditional payment".
Those attributes which you have highlighted are especially suitable. Bitcoin is actively used and practically every person is interested in investing in bitcoin. The returns of cash which bitcoin generates are more substantial. Actually bitcoin is recognized in every nation and locality and is more acknowledged as compared to the others. Now a days the bitcoin is suffering from the declining and reducing price but there is a great deal of hope for its evaluation to reach a peak again.
I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day. The widespread use of bitcoin and its emergence as a substitute for traditional payment methods is a positive indication in any nation.
yes, with bitcoin
make our economy better and now when the world economy is down even bitcoin there are still many who like and very many invest in bitcoin, and many people are successful from investing in bitcoin, and that's why many people like bitcoin because investing in bitcoin can achieved by all circles, and now my economy is also helped because I invest in bitcoin and I invest in bitcoin for long-term and short-term investments. and uniquely investing in bitcoin can start from small capital or large capital. that's why more and more people are now liking bitcoin. and I think in the future bitcoin will definitely be more advanced.
make our economy better and now when the world economy is down even bitcoin there are still many who like and very many invest in bitcoin, and many people are successful from investing in bitcoin, and that's why many people like bitcoin because investing in bitcoin can achieved by all circles, and now my economy is also helped because I invest in bitcoin and I invest in bitcoin for long-term and short-term investments. and uniquely investing in bitcoin can start from small capital or large capital. that's why more and more people are now liking bitcoin. and I think in the future bitcoin will definitely be more advanced.
I like bitcoin literally it is because of my country's adoption and of course safe from thieves like you are having a lot of physical money precious stones and metals as investments which can endanger someone's life most especially when you are living in a third world country like mine. Though Bitcoin for me is best when you buy and hodl as an investment but here i can actually use it to buy things online unfortunately I have nothing but wallet only since I had nothing to invest as I am in the process of recovering from the super typhoon.
bitcoin and crypto are only safe until the one having them keep them safe. everyday hundreds of thousands dollars worth of bitcoin and other altcoins being stolen. hacked and scammed from innocent and uneducated bitcoin and crypto holders because they know how to protect their coins and which wallet to use and not share their private keys to anyone. it is true that bitcoin is safer than physical money. but still there are risks and everyone should always be cautious about that.
Bitcoin was created for new payment systems but not to replace existing payment systems. Bitcoin is a very innovative alternative payment instrument that can be used anytime and anywhere as long as the first party [sender] and the second party [recipient] both agree to accept bitcoin as a means of payment.
People love bitcoin for a number of reasons, and I think they will differ from one another. If I like bitcoin for its high price, then you will probably like it for its decentralized nature. Bitcoin is the same as bank, it's yours but remember that it's not your key then it's not your bitcoin.
It's true that bitcoin was created for new innovations as an alternative that is widely used today, maybe because decentralization makes it easier for people whenever they are needed, including some friends, I can transact, just sender and receiver, it's done.People love bitcoin for a number of reasons, and I think they will differ from one another. If I like bitcoin for its high price, then you will probably like it for its decentralized nature. Bitcoin is the same as bank, it's yours but remember that it's not your key then it's not your bitcoin.
Although the existing payment system will not be replaced but in my opinion this will be a rival to bitcoin because the article has many who transact bitcoin but everything will happen if mass adoption really exists.
Bitcoin has indeed been liked by many including me who continues to invest in bitcoin in any way, because I think bitcoin will be high in the very near future, even though the profit is high / high risk but this is still my reference to bitcoin compared to other assets .
My aspect of bitcoin makes for an important record for my investments in the next few years.
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.
I will not say that Bitcoin is like a bank, in which aspect? The bank is centralized and Bitcoin is not. The bank is only open during working time (except for some of its features that can be accessed 24/7, but not all aspects can.), and Bitcoin can be accessed 24/7. The bank needs more regulation and Bitcoin is not.
In a way, bitcoin is also a bank, our own bank. We can keep and manage our assets on our own, without the need for a third party to manage them, and without having to worry about our assets being stolen or frozen by someone.
But, BItcoin has more than banks can do, Bitcoin is not only a currency but also an asset for high worth investment.
Bitcoin is obviously better than the traditional bank, but sometimes we still need the existence of the bank, can not eliminate the bank completely. When you need money or capital to cover emergency situations, bitcoin will not help you in this situation, but with the bank it can. They are willing to help you with certain conditions, although they do not help us for free but in this case the bank is necessary.
I feel the same way behind the reason why I love bitcoin. and also because I have full control over the assets I keep. and I don't have to bother going to the bank to save. After I got to know bitcoin I became less likely to go to the bank. even when my distant relative in need of money then I do not need to use the services of a bank anymore. because the cost of transferring money across countries through banks is quite expensive. because my brother is now also familiar with bitcoin. so i sent bitcoins worth of money needed to my brother's bitcoin address.
The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
I have heard many people saying that bitcoin changed their lives, i wonder if this is because of their holding as the price of bitcoin always increases from 2012 onwards or if they are doing trading bitcoin and crypto.
Doing job / Work for bitcoin has more to do with your skills as bitcoin is just a mode of receiving payment for the work you do.
Bitcoin has changed my life from financial matters and about what cryptocurrencies really are and what they mean and function,
Bitcoin is not only human freedom in finance in terms of payment and transaction freedom, which is not dependent on the bank we use so far,
I love Bitcoin even though it's still not perfect
Bitcoin is not only human freedom in finance in terms of payment and transaction freedom, which is not dependent on the bank we use so far,
I love Bitcoin even though it's still not perfect
I like bitcoin literally it is because of my country's adoption and of course safe from thieves like you are having a lot of physical money precious stones and metals as investments which can endanger someone's life most especially when you are living in a third world country like mine. Though Bitcoin for me is best when you buy and hodl as an investment but here i can actually use it to buy things online unfortunately I have nothing but wallet only since I had nothing to invest as I am in the process of recovering from the super typhoon.
Is good to be happy with country's adoption but expected to see regulations as time passes by the government. Some of these regulations come to protect the citizen and some to levy holders, control the size of the portfolio, and monitor conversion to fiat. It is not likely to replace the country's currency as long as they dont control it. The only option is for the government to introduce their stable coin 
The most thing why I like Bitcoin so much is because Bitcoin can really change my life, moreover of the financial condition, but not only that, Bitcoin also changes my mind on how to overcome and set my mindest on the recent technology, being more open-minded, learn many things, including the emotional contorls. Bitcoin teaches me many things.
That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
This is one of the positive things that happens when we are in bitcoin because indeed not a few people feel that way and the perspective and improving financial conditions is one that can be taken here.That is why every time people are saying about the negativity of Bitcoin,better to silent because I myself have proven what Bitcoin really does for me, for my life that ismuch better ebcause of Bitcoin.
I also feel the same way because now I am in a better living condition than before and indeed bitcoin has really changed me to keep an open mind and not rule out technology that is getting more and more sophisticated.
Arguably, the most positive thing when people talk about bitcoin is that bitcoin has dramatically improved their financial situation. I am a part of that myself, bitcoin has given me a lot of things that I thought I would never get if I continued with my day job. It doesn't stop there, bitcoin helps me realize the banks control my money, I work hard to make money and they are the holders of my money, it's not fair. Since having bitcoin, I have always confidently stored my assets without having to worry about my money being robbed whenever.
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