That's why I really like bitcoin :) - page 8.

suzanne5223

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

[snip]
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.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

In addition to that, the reason why I personally like Bitcoin is because of its
No censorship- all transactions are operated through p2p protocol without any third parties.
Scarce - the limited total supply
Transaction fee - the fee required to make the border-to-border payments using BTC is cheap than fiat/gold
Bitcoin is antifragility to attacks.

Quote from: Accardo on September 03, 2022, 04:00:13 AM

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc.

This is very important because I have seen people giving up easily when things have gone sour in the crypto market through the normal occasion that will always happen in the crypto market.

0t3p0t

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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.

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A very enthusiastic post. OP, have you personally benefited much from owning Bitcoin? Are you rich? Do you like to pay with bitcoin in cafés, shop online, or on the Internet, or do you just hope that you can do it one day? Everything I do with bitcoin now, I just wait, hold, and wait. I won't waste it on coffee or anything like that. This is the moment of hibernation, which may one day bring me profit. But again, it all depends on the amount we hold.
It is great to attract people to join Bitcoin; all its qualities are very practical and useful, but today, when I look at the people around me who diligently save on everything, I am shy to encourage them to invest in bitcoin.
Maybe later.

CryptoHeadlineNews

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Quote from: Nrcewker on September 03, 2022, 04:05:12 AM

Due to this decentralised nature, no government is able to impose tax on Bitcoins and to be honest people really loving it when they are not forced to pay additional money.

And that's the exact reason why most countries are banning Bitcoin because they are afraid of losing the frequent tax money they usually gets from firms and bank charges for saving money in banks since Bitcoin offers a decentralized nature whereby we have the total control of our funds, and what most journalist does now is spread fake news about Bitcoin just to scare away in countries where Bitcoin fully legalized

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

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 very simple because bitcoin is an asset that is built with a technological system so it is very possible for us to take it anywhere and access it whenever we want and with bitcoin we also don't need to be afraid if one day there is a confiscation of assets because they can't easily take our bitcoin without know the key phrases in advance to access our wallets, unlike real estate assets where when war broke out like in Ukraine now then of course their Russian army can snatch land from our owners easily and then they turn it into Russian state property.

pgbit

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Well, there are many reasons why I like Bitcoin, some of which are below
It made possible to send and get money anywhere at anytime.When you have capital in the form of Bitcoin, your capital is under your complete control.When you have Bitcoin you don't have to worry if there is a bank holiday or any other problem you are completely free.In case of Bitcoin you can make as many transactions as you want and this method is also secure.The biggest advantage of Bitcoin is that no one can steal your capital.Your identity remains confidential during money transactions.

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Quote from: TelolettOm on September 03, 2022, 06:44:31 PM

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.
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.

TelolettOm

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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.

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.

Physical space for holding money is not precious, it's absolutely not a problem, unless you're a Walter White.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

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.

And online banks are available 24/7 too. Or PayPal. ATMs too.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

"Memes and GIF games (idk what's a GIF game" are not a good argument for finance. Actually makes it sound like a scam. And just because people have an intention of making a better financial system doesn't mean that it is already better.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

Bitcoin network doesn't have intermediaries, but its ecosystem does. So if you're using centralized exchanges or a merchant is using a payment processor that convetrs BTC to fiat, there will still be fees.

And as for fighting government corruption, it's still just a theory. There's no succesful cases in the world where a government adopted Bitcoin and it helped solve corruption.

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.

Yes, this is one advantage of it, you can just save your previous bitcoin in lets say a hardware wallet.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

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.

Maybe what you meant is the (BYOB), Be your own bank. so you have access to it all the way, as long as you have the private key. Acceptance percentage though is not that high, not all coffee shops and real states are accepting it but we will go there.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It's primary design was to be a peer to peer electronic system, an alternative to the current financial and traditional market.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

Bitcoin is not a magic bean that will solve every human problem. So I don't think it will be a solution to corruption in government.

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Quote from: Rengga Jati on September 03, 2022, 04:46:35 PM

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

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.

But I'd like to say, be your own bank through Bitcoin. You've got full control over your asset and you do transactions anytime you want.
It might be that's what OP meant for. It can also express financial freedom as what's posted above.

I like people who've admired Bitcoin.
Yeah, it's an amazing creation that until now people adopted on it, we must say thank you to the creator (Satoshi Nakamoto) who has an unknown name. Bitcoin considering is a part of technology innovation that we encounter now.

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Many are not like you.

They will only like bitcoin when it's favoring their portfolios and the price is high. But when the bear market comes and it's not looking good to see what they've got, they're starting to dislike it.

This isn't for those who are long in bitcoin because through thick and thin, it's proven that they or we like bitcoin no matter what it's status as of the moment.

Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

The Bitcoin community has quality memes and GIF games.

If you're for the memes, there are also non-coiners that do make those. Grin

They make fun of us but when the market is bullish, they're off and set to wait it finish.

Baofeng

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

But not all developing countries are into bitcoin though, some of them are planning to have their own CBCD. What's practical is that there are countries who allow their citizens to play around it, have some in their wallet, nevertheless it is heavily regulated.

Also having bitcoin it gives us financial freedom, specially if you have invested early and then have been in a bull run for sure there are a lot of us who like bitcoin that way.

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Bitcoin is an amazing creation. Most of all, I was developed out of selflessness in a bid to help the people. It's key focused is relied in help. To give power back to the people by creating an escape from centralization and in turn, one Co fully be incgarge of one's affairs, decides on how much one wishes to declare and you can carry a whole lot about without much fear of theft. Not to mention, you get to transfer values across the ends of the world in minutes and you don't need a third party to do it. That's to mention just a few and it's why bitcoin is just something we really need in our world today.

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

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.

If you mean to compare it to fiat, this is actually quite the same as the currency. But sometimes, we cannot utilize Bitcoin as a currency in several countries because the matter is that not all countries legalize Bitcoin as a currency.
But, BItcoin has more than banks can do, Bitcoin is not only a currency but also an asset for high worth investment.

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Quote from: Silent Sam on September 03, 2022, 05:03:21 AM

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. Also, its usage will increase you will see currently many online shops and offline usage of Bitcoin is increasing on the other hand if you look at banks there are also many frauds it is actually an open secret.

the aim of the decentralized coin is being attacked by the whales and exchanges through the terrible price manipulation and extent of dip. Although we think the coins cant control the volatility, the adoption may struggle with the volatility. New institutions cant cope with the loss from the volatility as seen the last 2 years and that may affect the increased adoption. We cant continue to see 80% bear market dip

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It got developed to overcome the flaws with the traditional system. We can experience the difference of using bitcoin and the traditional currency. Whenever something new gets innovated people always make use of it in all possible ways. As a result the pseudo-anonymous feature of bitcoin helped more illegal transactions to be made easier. For this reason it got stamped as the currency developed for the illegal needs. So, it have crossed several good, bad and now it has gained importance as payment asset and investment. Different people like it for different needs and my choice of it is the multiple usage.

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Quote from: Silent Sam on September 03, 2022, 02:19:28 AM

You don’t have to physically carry it around.

Good thing you have found your peculiar reason, we all have our reasons why we like bitcoin, but the final matter is that we like bitcoin and should all make a conscious effort to hodl as long as possible, and help others find their own reasons to like bitcoin. Certainly if you have a conversation with someone offline and share your reason why you have come to like bitcoin, they may begin to consider bitcoins knowing that your points are valid. I encourage you to do so also, just as you have shared with us.

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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.

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I'm glad you like it

For me there's really a lot of things in bitcoin that I like. I liked the "banking the unbanked" and "be your own bank" slogans. Nowadays seeing how countries fight cash by limiting cash payments I see that we need bitcoin more than ever. I hope more people will say they like it in near future.

Topic: That's why I really like bitcoin :) - page 8. (Read 1740 times)