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Topic: What do you like best about bitcoin? - page 168. (Read 173841 times)

legendary
Activity: 1218
Merit: 1000
December 30, 2016, 01:49:47 AM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
It depends, if you are careful your money will be safer than in any bank if you take the right precautions, but if you are careless someone could steal your bitcoins from you without any chance to get them back.
The best thing I have ever used to use bitcoin for business purposes, and trading. it can make me get a lot of advantages compared to just keep it. sometimes spend bitcoin for personal use on the internet is quite good, however, it is not good if you always do. bitcoin better view of the terms of business of the store it and use it for purposes that are not too important.
hero member
Activity: 2814
Merit: 576
December 30, 2016, 01:28:45 AM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
It depends, if you are careful your money will be safer than in any bank if you take the right precautions, but if you are careless someone could steal your bitcoins from you without any chance to get them back.
That's normal since our bitcoin has no control like a paper money where you can see their a serial number, we are doing this with anonymous in nature and the risk is their not to recover it if we cannot trace who steals the money and we cannot also oblige this person to return as no law govern with bitcoins.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 27, 2016, 12:43:11 PM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
It depends, if you are careful your money will be safer than in any bank if you take the right precautions, but if you are careless someone could steal your bitcoins from you without any chance to get them back.
sr. member
Activity: 406
Merit: 250
December 26, 2016, 02:44:35 PM
For me, the best thing about bitcoin the potential to become huge. The price can reach up to any regime. Just t6 months back bitcoin price was standing at 450 USD and look at it now. No other investment will give that much return in this world. It has even outpaced Gold and Silver.

I think the pricing factor is the main factor for everyone and not just me. We see the potential and earn accordingly. If the bitcoin price was standing at $1, then no one would have been interested in earning bitcoin. So pricing is the main thing I like about bitcoin.
copper member
Activity: 2254
Merit: 608
🍓 BALIK Never DM First
December 26, 2016, 02:32:39 PM
It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
I think that you saying "safe to buy" is not safe at all, why? because there are many sellers that using bitcoin as a payment to scam other people, it will be safe if you will hire a trusted and reputable middle man, also if you're buying items on the internet using your bitcoin do research first about the website before you pay the items.
sr. member
Activity: 1066
Merit: 261
December 26, 2016, 02:09:07 PM
Be honest I thing I like/familiar with bitcoin coz It's a type of most popular digital cryptocurrency.Bitcoin is the currency of the Internet.With Bitcoin,i can be my own bank.While a “wallet” service that stored my bitcoins like a bank.Basically,like it some features e.x P2P exchange,a smart security that's mean i can easily control it under private key such as several reasons i like to use Bitcoin.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
December 26, 2016, 01:28:11 PM
What I liked about bitcoins recently is its capability to be a shopping buddy without even thinking of the extra costs for transaction charges. All you need to do is load up your bitcoin debit card and do your shopping spree! Cashless shopping has never been so easy and cheap with bitcoin.
Yeah right now bitcoin is very useful thing we can also now use vcc bitcoin from coins.ph that actually we can use for shopping online and i think its nearly happen that we can also have a physical debit or credit card that we can also use for shopping locally..
I'd have to agree with you on that one : bitcoin's gone a long way from where it was in the last few years and it's already at the point where you can fill up a debit card and go with it.

I expect we'll see some bigger companies starting to accept it in the next few years, but the main issue why bigger companies aren't accepting bitcoin widely is because of its volatility- that's nearly impossible to get rid of, but we'll get there eventually.
sr. member
Activity: 672
Merit: 250
December 26, 2016, 12:38:05 PM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.

I do savings too, and just like you i also feel really safe having my savings in bitcoin because i know they are always safe and wont disappear or be stolen at all, and on the other side, there is always a possibility of increment of the amount i have as the price keeps fluctuating.
legendary
Activity: 1232
Merit: 1091
December 26, 2016, 11:25:17 AM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.

It's safe as long as you take the right precautions. If you recklessly just create a paper wallet via an infected PC, then you can bet on it that the people behind the infection will exploit it and empty your wallet. Even printing out a paper wallet is not always a safe thing as printers nowadays are connected to the internet and have a wifi access point. And this is just one example of how to store coins. There are so many factors that you need to keep in mind when storing coins for the long term.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 26, 2016, 11:17:13 AM
The best part about bitcoins Is the potential of becoming rich.
If we earn alot like millions of dollars the government ka tax us  Cool .

If you were fortunate enough to make that amount of money, new problem will emerge for you, like how to cash out that amount of money without disclosing your identity, because if your identity gets known the government will begin to knock on your door looking for their taxes.
hero member
Activity: 840
Merit: 500
December 26, 2016, 08:30:49 AM
I like bitcoin because it is secured and it doesn't need to expose my identity on making transactions. I also like in bitcoin when it comes to fees because it costs lower than in the banks. But the best thing i like bitcoin is bitcoin doesn't require a particular age to get on the board, If you are teen, old or even a child you can still earn money and make a lot of profit from it because bitcoin is for everyone Grin.
to me the best about bitcoin is that i can use it everywhere in the world as it is decentralized currency having same value every where. i never feel the need to convert it in to fiat or local currency of that country where i want to spend it.
hero member
Activity: 1204
Merit: 500
December 26, 2016, 07:21:58 AM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
I am not sure that the store bitcoin is a way to use it  Grin
yah using bitcoin is when you make it to be a trading tool, and businesses. well, that is the part I like about bitcoin. I actually have a hobby of doing business, and I thought, bitcoin has the best ways on the internet to create a business.
hero member
Activity: 1190
Merit: 500
December 26, 2016, 07:05:24 AM
It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
if you use the fee is too small because you want an inexpensive fee, such fee 0.0001 BTC. I can assure that you will receive a confirmation or receive your bitcoin in a long time, it may take 1 day or 2 days
full member
Activity: 310
Merit: 100
December 26, 2016, 06:25:50 AM
I use it every day.. for saving. I believe my savings will be safer than in a bank. We'll see if that belief is correct. I do spend bitcoins online when I want privacy.
newbie
Activity: 19
Merit: 0
December 26, 2016, 06:14:02 AM
It's very easy and safe to buy many things around the world.
it's very fast to move or transfer money to anyone and the fee is too low.
full member
Activity: 448
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
December 26, 2016, 06:00:30 AM
the part that i like about bitcoins is it is easy to use and has many advantages
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 26, 2016, 05:35:05 AM
It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared.
People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some).

While in bitcoin I know that we have to declare it also 'cause it is part of our source of income.

For all of us tax is really an obliged and burden to all of us. Good thing that there are countries like that there minimum total asset is $20,000 and you are tax exempted here in my country everything has tax. Because of the VAT, even the food that you are eating, you are paying its tax. But with bitcoin, if we will buy something we like, we just cover the fees.
That's how the government are slowly killing us, sometimes they are already doing a double taxation and that does not already benefit the people, as  income will not be enough anymore due to our obligation to pay taxes. With bitcoin, no tax at all, so we like it.

The common opinion here is that bitcoiners should not pay taxes whenever possible. In this way, the government could claim that bitcoiners are parasites of society since they are using roads, utilities, free medicine services (where applicable) like everyone else, though they are deliberately avoid paying taxes by hiding their Bitcoin income...

If you come to disagree with that, get ready for a fight in the future
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
December 25, 2016, 10:28:56 PM
I like bitcoin because it is secured and it doesn't need to expose my identity on making transactions. I also like in bitcoin when it comes to fees because it costs lower than in the banks. But the best thing i like bitcoin is bitcoin doesn't require a particular age to get on the board, If you are teen, old or even a child you can still earn money and make a lot of profit from it because bitcoin is for everyone Grin.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 25, 2016, 09:37:41 PM
i like best about bitcoin is no tax,profit good and potential is huge

That's is why many people are loving bitcoin, the taxation with bitcoin is not truly applied to us but there are some local exchange sites that are paying real tax for their service offered and the permit to be granted by the government that they are operating. We may not be taxed directly because they aren't saying it and we don't know it but in reality there are some of us who are paying taxed in terms of fees.

It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared.
People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some).

While in bitcoin I know that we have to declare it also 'cause it is part of our source of income.

For all of us tax is really an obliged and burden to all of us. Good thing that there are countries like that there minimum total asset is $20,000 and you are tax exempted here in my country everything has tax. Because of the VAT, even the food that you are eating, you are paying its tax. But with bitcoin, if we will buy something we like, we just cover the fees.
That's how the government are slowly killing us, sometimes they are already doing a double taxation and that does not already benefit the people, as  income will not be enough anymore due to our obligation to pay taxes. With bitcoin, no tax at all, so we like it.
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
December 25, 2016, 12:47:04 PM
What I liked about bitcoins recently is its capability to be a shopping buddy without even thinking of the extra costs for transaction charges. All you need to do is load up your bitcoin debit card and do your shopping spree! Cashless shopping has never been so easy and cheap with bitcoin.
Yeah right now bitcoin is very useful thing we can also now use vcc bitcoin from coins.ph that actually we can use for shopping online and i think its nearly happen that we can also have a physical debit or credit card that we can also use for shopping locally..
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