Top 5 reasons to trust Bitcoin | Bitcointalksearch.org

Shamm

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Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

This Monday for my weekly video I made a quick list of reasons that Bitcoin is trustworthy. This is mostly geared towards new users.

https://youtu.be/m74t8gBjtcY

Thank you I know this Video can help me to understand other things that I've Never been read or discover but even it's hard cause it's only link and I'm scared to open a link cause some link in there is a spam or malicious virus. But since you are in here I trusted you that the link compost a good content.

John Jefferson

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Thank you very much for the video you made. Although I have been on the forum for a while, I am still a novice. I understand why people trust Bitcoin by seeing the video you posted. I don’t know Bitcoin deeply yet, so I’m very happy. I can see how to make videos like op to help friends who just started to understand better, and hope that Bitcoin will gradually be accepted by more people, because Bitcoin technology is open source, it can protect our privacy, and no one can control it. With our Bitcoin, I believe that more and more of the advantages of Bitcoin will be seen, and a strong consensus group will be formed. Grin

Rengga Jati

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Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

https://youtu.be/m74t8gBjtcY

This video can really help newbies to know and understand about Bitcoin, at least the reasons why to trust Bitcoin. although they should also need other knowledge and information about Bitcoin, this can help much.

Personally, I only see simple things why I like and trust Bitcoin, because so far, I am concerned with Bitcoin and also see the result from Bitcoin that I have gained. Wink

Asuspawer09

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Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

This Monday for my weekly video I made a quick list of reasons that Bitcoin is trustworthy. This is mostly geared towards new users.

https://youtu.be/m74t8gBjtcY

I think I kinda agree with what he says, and I think people should know this reason since at this times people don't really trust bitcoin even in my country there are still a lot of people who think that this cryptocurrency or bitcoin is a big joke. I mean yes it's risky but because of this reason we should at least give the credit and support bitcoin.

In my country which is not exposed to technology mostly the elders probably will not believe this kind of investment that is why a lot of people in the past year do not hold or buy bitcoin when it is still cheap. Because they believed that when it comes to the internet or online money or online things it is all scams.

When it comes to investment I think bitcoin is the best one to try even though there is a risk, there are still disadvantages but in my experience, it is worth it.

sapnu

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Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

This Monday for my weekly video I made a quick list of reasons that Bitcoin is trustworthy. This is mostly geared towards new users.

https://youtu.be/m74t8gBjtcY

The video you made would be very much helpful for many yet the reasons to choose bitcoin are much more than what you have. It is much understood that you couldn't fit all that you know in one video. Bitcoin is much more complicated more than what you comprehended. It is actually crucial specially when one is much committed to it. Over the years, bitcoin has innovated a lot and we cannot expect that everyone will be able to cope up with it right away. Even though the early adopters are suffering right now, later on they will soon gain much benefit from it so you just need to endure.

Ikhwannursixteen

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Xembin

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Bitcoin is not like other forums, it's when trust worldwide.Here are some of the reasons to trust bitcoin:
1 it is controlled by bitcoin community.
2)it can't cheat.
3) it's open source.
4) it can't scam.
5) it's popular.

Mpamaegbu

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Once a man, twice a child!

Quote from: Lordhermes on August 15, 2020, 04:55:43 PM

Yes exactly, the early adopters are the one enjoying the value of bitcoin now, early miners too, but nevertheless, its never too late to hodl some amount of btc as a long term investment plan because not everyone understands the concept of it and its getting known globally in a gradual process.

I bet you even those guys we refer to as early adopters today didn't know they were buying into a goldmine then just like most of us aren't aware today what value most of the tokens/alts we hodl today will be a few years now. Believe me, some of those early adopters are the ones regretting most now because most of them sold too early and couldn't buy back big after. The train left them. Honestly, Bitcoin is a great phenomenal and it's truly changing the face of financial transactions in this century.

iamsheikhadil

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Reasons to trust Bitcoin is firstly, it's universal and very very popular now. It's in mainstream. Everyone knows about it, and talks about it so yeah, it has created a good will. It has traders, buyers and sellers. It has a great string community behind it. It's decentralized and is proven to be so. Hence, Bitcoin can be trusted blindly by anyone and I believe it is the future currency of the planet!

Lordhermes

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I think this is an old thread, since 2017, this is amazing.

Quote from: glowing10 on August 14, 2020, 11:11:46 AM

People who had believed in it early are the ones who had made money today with the bitcoin reaching till 12k and still the rally is not over yet. It’s the vision and problems that it could solve in future if has utility then it is going to be the next big thing. This is exactly happening with bitcoin and it is moving upwards and so is demand keep rising about it.

Yes exactly, the early adopters are the one enjoying the value of bitcoin now, early miners too, but nevertheless, its never too late to hodl some amount of btc as a long term investment plan because not everyone understands the concept of it and its getting known globally in a gradual process.

glowing10

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Quote from: arpon11 on May 25, 2017, 11:28:30 AM

Quote from: welshcollectibles on April 26, 2017, 06:43:35 PM

Thanks for the fantastic instructional video. I learn more about BTC every day. I trust BTC implicitly. What I don't trust is human nature.....

the day I watched people like bill Gate speaking on bitcoin I developed trust on bitcoin and crytocurrency generally that day. Bitcoin was the first money I make online. I have never doubt bitcoin because only fools doubt proof.

People who had believed in it early are the ones who had made money today with the bitcoin reaching till 12k and still the rally is not over yet. It’s the vision and problems that it could solve in future if has utility then it is going to be the next big thing. This is exactly happening with bitcoin and it is moving upwards and so is demand keep rising about it.

Mike Mayor

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I actually showed this video to a friend she is very impressed. She is just starting on her bitcoin journey so this is very helpful.

Quote from: Abiola01 on May 14, 2017, 05:15:27 AM

Quote from: Snorek on April 26, 2017, 01:09:36 PM

To sum this video up. Bitcoin is trustworthy because it is:

1. It is open sourced.
2. Predictable and transparent.
3. Network up-time and resilience.
4. Banks are untrustworthy.
5. Don't trust... verify.

Op, it would be helpful if you would add time stamps with each point listed in the description.

One more reason I love bitcoin is its independence. The value of bitcoin is not dependent on the economy of just one nation, it is universal and versatile

I like that I can do my own thing and have relative finicial security.

Quote from: Velkro on May 27, 2017, 06:30:22 PM

Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

This Monday for my weekly video I made a quick list of reasons that Bitcoin is trustworthy. This is mostly geared towards new users.
https://youtu.be/m74t8gBjtcY

There is only one reason to "trust" Bitcoin. Bitcoin is not human, it can't lie, it can't scam, it can't change rules by itself.
Its predictible system, not like humans, you should trust Bitcoin because it can't cheat.

Bitcoin is like a big machine. It has all the parts that work together at once . They can't be changed or stopped.

Velkro

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Quote from: benperrin117 on April 24, 2017, 08:22:17 AM

This Monday for my weekly video I made a quick list of reasons that Bitcoin is trustworthy. This is mostly geared towards new users.
https://youtu.be/m74t8gBjtcY

There is only one reason to "trust" Bitcoin. Bitcoin is not human, it can't lie, it can't scam, it can't change rules by itself.
Its predictible system, not like humans, you should trust Bitcoin because it can't cheat.

Iwannacry

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Thank you for sharing this video. I think It help many people are new to cryptocurrency like me

ustradebitcoin

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I will buy your altcoin leave me a msg .

1.open source
2.easy to make profitt
3.noone know the amount of bitcoin i own
4.no id verification all time
5.and its safe

arpon11

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Quote from: welshcollectibles on April 26, 2017, 06:43:35 PM

Thanks for the fantastic instructional video. I learn more about BTC every day. I trust BTC implicitly. What I don't trust is human nature.....

the day I watched people like bill Gate speaking on bitcoin I developed trust on bitcoin and crytocurrency generally that day. Bitcoin was the first money I make online. I have never doubt bitcoin because only fools doubt proof.

malami

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Well done OP, one of the things newbs always complain about is the lack of tutorials and explanations understandable to someone without technical competency.

zekeshawn

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Thank you for posting this one OP... Every newbie like me need to watch this video it will help us to be more familiar and aware about Bitcoin World. I am glad I finally joined the Community a little bit late though but it's better late than never. I hope to learn more about bitcoin here in the near future.

Abiola01

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Quote from: Snorek on April 26, 2017, 01:09:36 PM

To sum this video up. Bitcoin is trustworthy because it is:

1. It is open sourced.
2. Predictable and transparent.
3. Network up-time and resilience.
4. Banks are untrustworthy.
5. Don't trust... verify.

Op, it would be helpful if you would add time stamps with each point listed in the description.

One more reason I love bitcoin is its independence. The value of bitcoin is not dependent on the economy of just one nation, it is universal and versatile

lovewiki

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I trust Bitcoin because Bitcoin cannot be counterfeit, but paper money can be counterfeit.

And governments keep printing fiat money and actually create unlimited supply.

Topic: Top 5 reasons to trust Bitcoin (Read 4217 times)