What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
Topic: What do you like best about bitcoin? - page 3. (Read 173838 times)
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
Dear Bitconfused,
As you've noted, Bitcoin is a digital currency used to pay for a variety of goods and services. In many ways, it works the same as paper money with some key differences. Although physical forms of Bitcoin exist, the currency's primary form is data so you trade it online, peer to peer, using wallet software or an online service. You can obtain Bitcoin's either by trading other money, goods, or services with people who have them or through mining. The mining process involves running software that performs complex mathematical equations for which you're rewarded a very small portion of a Bitcoin. When you actually have some of the currency, you can then use it to purchase anything that accepts it. In some cases, Bitcoin is the only accepted form of payment and you'll have to acquire it in order to complete a transaction. While this basic explanation might answer most of your initial questions, it likely brings up quite a few more. Let's discuss how you can acquire Bitcoin and why you'd use it.
As you've noted, Bitcoin is a digital currency used to pay for a variety of goods and services. In many ways, it works the same as paper money with some key differences. Although physical forms of Bitcoin exist, the currency's primary form is data so you trade it online, peer to peer, using wallet software or an online service. You can obtain Bitcoin's either by trading other money, goods, or services with people who have them or through mining. The mining process involves running software that performs complex mathematical equations for which you're rewarded a very small portion of a Bitcoin. When you actually have some of the currency, you can then use it to purchase anything that accepts it. In some cases, Bitcoin is the only accepted form of payment and you'll have to acquire it in order to complete a transaction. While this basic explanation might answer most of your initial questions, it likely brings up quite a few more. Let's discuss how you can acquire Bitcoin and why you'd use it.
Even the most tech savvy among us have a hard time wrapping their heads around Bitcoin. It's a hot topic and a frequent point of discussion among investors, entrepreneurs and stock traders, so you should want to know all about it.
For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank. It's created by "miners," who use computers and specialized hardware to process transactions, secure the currency's network and collect bitcoins in exchange. Supporters say it allows for more secure transactions over the internet. That's in part due to blockchain, a technology that records cryptocurrency transactions chronologically in a public digital ledger.
Bitcoin is only eight and a half years old, but it’s the oldest and most highly valued cryptocurrency out there. In such a short time, it’s had a rocky and controversial history, but it’s also attracted a fair share of high-profile supporters. Click through to read 11 bits about Bitcoin that will make you at least sound like you know what you're talking about next time it inevitably comes up.
For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank. It's created by "miners," who use computers and specialized hardware to process transactions, secure the currency's network and collect bitcoins in exchange. Supporters say it allows for more secure transactions over the internet. That's in part due to blockchain, a technology that records cryptocurrency transactions chronologically in a public digital ledger.
Bitcoin is only eight and a half years old, but it’s the oldest and most highly valued cryptocurrency out there. In such a short time, it’s had a rocky and controversial history, but it’s also attracted a fair share of high-profile supporters. Click through to read 11 bits about Bitcoin that will make you at least sound like you know what you're talking about next time it inevitably comes up.
With the help of Bitcoin, you can transfer funds anywhere in the world for a minimal fee, regardless of the amount of transfers.
That's what I like about bitcoin is its volatile price so it's in your hands if you're lucky or not, whether you cashed it quickly or not.
Bitcoin makes me more productive and grateful for everything that bitcoin gives us.
That's what I like about bitcoin is its volatile price so it's in your hands if you're lucky or not, whether you cashed it quickly or not.
Bitcoin makes me more productive and grateful for everything that bitcoin gives us.
Because it gives you so much freedom and the ability to choose your means of payment to compare with banks.Also you don't have to pay big fees and you receive the cash really quickly.Besides it's quite secure if you know what you are doing. You can work at home.
you are right it's secure and for me bitcoin is very special because it's one of the committed currency and it's also a life changing currency it's now a part of my life there are alot of things which are very apprecetabel first of all its price is very high and secondly you can learn alot of things from it you can also carry bitcoin with yourself and its transitions are also very fast it's now available in many countries and day by day its users are going to increased bitcoin provide a lot of solid sources of income to the people and people have changed their lives just because of bitcoin.The possibility. Bitcoin has only it's future ahead of it and it can be wildly successful, I hope it is. I hope it's able to be a safe alternative for people. I hope it's able to keep some bad practices in control. Competition is a good thing and competition among currencies in a country doesn't exist.
What is special and is an important reason why bitcoin becomes popular, is that it can move extremely fast and completely anonymous.In addition, users can use bitcoin to send money to others like sending a computer file anywhere without the cost of services, and no cost for services.
I like the speed of bitcoin. If I use bank wire or moneygram or westernunion, it takes more time than bitcoin transfers. Bitcoin is very fast and this is making it amazing once again.
There are actually so many things that is good about bitcoin; the convenience it offers, the security, and the easyness of its use. Apart from that, the decentralization system that bitcoin offered is actually one of the best things i like about bitcoin simce such system takes away some biases and political interests.
It is future and we are already a part of it. I am proud of it.
You may also collect free coins from airdrops too
https://t.me/airdropalertsforyou
You may also collect free coins from airdrops too
https://t.me/airdropalertsforyou
The possibility. Bitcoin has only it's future ahead of it and it can be wildly successful, I hope it is. I hope it's able to be a safe alternative for people. I hope it's able to keep some bad practices in control. Competition is a good thing and competition among currencies in a country doesn't exist.
What is special and is an important reason why bitcoin becomes popular, is that it can move extremely fast and completely anonymous.In addition, users can use bitcoin to send money to others like sending a computer file anywhere without the cost of services, and no cost for services.
Because it gives you so much freedom and the ability to choose your means of payment to compare with banks.Also you don't have to pay big fees and you receive the cash really quickly.Besides it's quite secure if you know what you are doing. You can work at home.
The possibility. Bitcoin has only it's future ahead of it and it can be wildly successful, I hope it is. I hope it's able to be a safe alternative for people. I hope it's able to keep some bad practices in control. Competition is a good thing and competition among currencies in a country doesn't exist.
What is special and is an important reason why bitcoin becomes popular, is that it can move extremely fast and completely anonymous.In addition, users can use bitcoin to send money to others like sending a computer file anywhere without the cost of services, and no cost for services.
SMARTRealty is revolutionizing the real estate industry by applying smart contract technology to everyday real estate purchase and rental transactions. ICO Pre-sale is ongoing now. Buy RLTY tokens today and receive a 50% bonus! http://smartrealty.io/
What I like about bitcoin is its price is volatile so it is in your hands if you profit or not. whether you cash out it quickly or not. I think the best thing about bitcoin is it makes Hope to everyone even the hopeless given the chance. Bitcoin makes me more productive and thankful about everything that bitcoin gives us.
From that volatile price we can use it for trading. We buy at low prices, hold, be patient, then sell at high prices. It's so easy and fun, this is the part I like best. However, the worst part is an imprecise analysis, causing a loss.
Of course, Bitcoin is the best choice from other currencies.Because, Bitcoin is more expensive than other currencies.
Most of all I like its popularity and that many investors are instesting many resources into it, and regular people can buy and get profit from growth.
What I like about bitcoin is its price is volatile so it is in your hands if you profit or not. whether you cash out it quickly or not. I think the best thing about bitcoin is it makes Hope to everyone even the hopeless given the chance. Bitcoin makes me more productive and thankful about everything that bitcoin gives us.
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
For me, I like the best here in bitcoin is the earnings, because the bitcoin help me to buy my needs or anything that I needs in my self. The bitcoin also help me to help my family in our daily needs or daily expenses. I want all of my family member became bitcoin user some day.
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
I like bitcoin because bitcoin is a short-term and long-term investment, and potentially increasing, will be very profitable later. And bitcoin can also be used as a place to save money that is tax free.
With bitcoin we can have free btc by faucets and trade sites and earn a very high value of bitcoin in little time and that what i like about bitcoin
There are different reasons to like Bitcoin. One of these is its popularity; people are now supporting it and keep using it, second is its value; it has a great value. Among these two, it value is the best. 
With bitcoin we can have free btc by faucets and trade sites and earn a very high value of bitcoin in little time and that what i like about bitcoin
Jump to: