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Topic: What do you like best about bitcoin? - page 169. (Read 173841 times)

legendary
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Cashback 15%
December 25, 2016, 12:41:12 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.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 25, 2016, 12:25:30 PM
i like the fast transaction of bitcoin and i can transfer my bitcoin to anywhere in the world and we know that bitcoin is in our control and we can keep our bitcoin in any wallet and in any amount and sometime i feel that my balance in my control into bitcoin.
to me as i am a good gambling, therefore to me i think the most good thing is that i can play gambling using bitcoin, as it as too much advantage of using bitcoin for gambling and especially in online gambling.
of course because of the nature of bitcoin that is anonymous, its can make you very free to do gambling, although in your country gambling was banned but you can do gambling using bitcoin with very easy and safe
What made a great contribution for bitcoin actually is the gambling industry, people are coming in to gamble and we know gamblers does not win all the time and even most of the time, it's the house ability to do it. Hence, it creates a big demand of bitcoin because gamblers does not really stop easily, the fact that we can transfer our money fast, it really gives us a chance to gamble anytime we want, and the more we gamble the more they are profitable.
I have no doubt the gambling industry has done very well and has helped bitcoin tremendously it is not surprise that when a city wants to increase its revenues and attract more tourist and jobs to them they allow the gambling industry to make a place in their communities.
full member
Activity: 581
Merit: 108
December 25, 2016, 11:59:56 AM
One of the things I like the most about bitcoin is it cuts through all boarders and its easy to use plus its a good investment venture for people looking to make some money!
hero member
Activity: 854
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December 25, 2016, 10:58:34 AM
The only thing good about bitcoin, is that it can save your money from rampant inflation that is going around in the entire world with the fiat currency madness.

Your purchasing power is reduced so much that we are getting poor in front of our eyes. Bitcoin helps us to keep us rich.
hero member
Activity: 952
Merit: 515
December 25, 2016, 10:40:33 AM
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.
legendary
Activity: 1232
Merit: 1091
December 25, 2016, 10:32:41 AM
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.
hero member
Activity: 2170
Merit: 503
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December 25, 2016, 10:08:16 AM
The fact that you can move it around over the internet from one site or app to another without a bank being involved.

You can do that in many more ways, for example the Paysafe card. You can deposit and buy/sell whenever you want without banks involved. However, no method offers transactions that are as fast as the Bitcoin ones. Although this is a good feature too, the best thing that Bitcoin can offer us is the anonymity.
perhaps with bitcoin we could be ourselves. that is, we can do anything in the business world. such as, trading, buying and selling, and a lot of things. many people are embarrassed to run a business in the real world, but with bitcoin, it could become a reality. the best thing of bitcoin is, when we are having a lot bitcoin, and the price goes up.
full member
Activity: 210
Merit: 100
December 25, 2016, 09:25:01 AM
The fact that you can move it around over the internet from one site or app to another without a bank being involved.

You can do that in many more ways, for example the Paysafe card. You can deposit and buy/sell whenever you want without banks involved. However, no method offers transactions that are as fast as the Bitcoin ones. Although this is a good feature too, the best thing that Bitcoin can offer us is the anonymity.
sr. member
Activity: 308
Merit: 250
December 25, 2016, 08:45:08 AM
i like best about bitcoin is no tax,profit good and potential is huge
newbie
Activity: 43
Merit: 0
December 25, 2016, 08:11:23 AM
The fact that you can move it around over the internet from one site or app to another without a bank being involved.
hero member
Activity: 812
Merit: 500
December 25, 2016, 07:44:20 AM

When it comes to bitcoin features, What I like is it is decentralized, the fact that no one controls it but the whole bitcoin community itself . The price is also driven by its users . Of course it is anonymous and difficult to trace which protects my privacy . It is onw of the worth giving a try long term investments .

And finally, It gives opportunity to people to earn extra income . It is different from the online jobs out there cause the payment is not in paypal and you don't give that much personal info which is I like .

Yes, being decentralized, no one controls it, price increases, the anonymity of users and difficulty to be traced which protect each privacy.
This is the best reason I read here, and this is why bitcoin is growing. And sooner many people will gonna use bitcoin because of these.

sr. member
Activity: 546
Merit: 255
December 25, 2016, 07:28:01 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 .
hero member
Activity: 1190
Merit: 500
December 25, 2016, 03:21:13 AM
increasing of bitcoin price is much more good think on bitcoin because there is a lot of people investing their money in huge amount in bitcoin and they know that bitcoin increasing its price too much faster.
yes that is favored by many people. increase and decrease of fast bitcoin prices then we can benefit. bitcoin can be used as a job. we can derive many benefits from the use bitcoin daily. in some places bitcoin is very familiar, so it is always equated with real currency that exists today.
it happened because of fluctuations that exist on bitcoin, so the price movements on bitcoin can move very quickly, so that you can sell and buy your bitcoin quickly and earn money quickly, surely only in bitcoin and cryptocurrency who have this kind of investment like this
newbie
Activity: 6
Merit: 0
December 25, 2016, 02:46:28 AM
I like the idea of how the BTC can change the bank status. I think that the money are ones and zeros since wire transfer and the plastic cards. MHO
hero member
Activity: 1666
Merit: 502
December 24, 2016, 07:14:28 PM
increasing of bitcoin price is much more good think on bitcoin because there is a lot of people investing their money in huge amount in bitcoin and they know that bitcoin increasing its price too much faster.
It's not only the price folks are interested in, many folks are investing their money into bitcoin to be safe from financial crisis. look at India's recent demonetisation policy. at least 80% of my money is in bitcoin for the same reason.
I think to save or keep money then it's better to buy gold than bitcoin, whether the gold taxes in india too high? i don't know finance in India and why they buy bitcoin to be safe from financial crisis?
sr. member
Activity: 462
Merit: 250
December 24, 2016, 06:46:46 PM
increasing of bitcoin price is much more good think on bitcoin because there is a lot of people investing their money in huge amount in bitcoin and they know that bitcoin increasing its price too much faster.
It's not only the price folks are interested in, many folks are investing their money into bitcoin to be safe from financial crisis. look at India's recent demonetisation policy. at least 80% of my money is in bitcoin for the same reason.
in fact bitcoin is not yet using for what it is created. the actual reason of its creation is to use it as currency, but as most of people still do mot know any thing about bitcoin therefore the facilities of bitcoin as currency is not available everywhere. and people are using it as investment.
legendary
Activity: 1400
Merit: 1009
December 24, 2016, 01:21:09 PM
increasing of bitcoin price is much more good think on bitcoin because there is a lot of people investing their money in huge amount in bitcoin and they know that bitcoin increasing its price too much faster.
It's not only the price folks are interested in, many folks are investing their money into bitcoin to be safe from financial crisis. look at India's recent demonetisation policy. at least 80% of my money is in bitcoin for the same reason.
newbie
Activity: 10
Merit: 0
December 24, 2016, 01:15:26 PM
ive been told about bitcoin potentially going as high as $10000us/Bitcoin so yeah who really knows but that is not a bad outlook imo haha
sr. member
Activity: 854
Merit: 251
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December 24, 2016, 01:08:00 PM
of course its price Smiley that always goes up and also it is so easy to use easy to send and to receive,tax free no age restriction so anyone can use it
hero member
Activity: 560
Merit: 500
December 24, 2016, 12:52:16 PM
increasing of bitcoin price is much more good think on bitcoin because there is a lot of people investing their money in huge amount in bitcoin and they know that bitcoin increasing its price too much faster.
yes that is favored by many people. increase and decrease of fast bitcoin prices then we can benefit. bitcoin can be used as a job. we can derive many benefits from the use bitcoin daily. in some places bitcoin is very familiar, so it is always equated with real currency that exists today.
If what you want to say is that Bitcoin gives people, with different skills, opportunities to make money, you're right. Here at bitcointalk, for example, users have opportunities to make money with design, translations, programming, and other skills. Bitcoin also gives opportunities for people interested in starting a business. I think that many entrepreneurs will come to see the potential of Bitcoin, and many things will be developed over the next few years.
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