Topic: What do you like best about bitcoin? - page 59. (Read 173839 times)
Today I am definately loving the price, wow, its simply on fire.
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
I'm like bitcoin because it is a world best coin we see this coin around 10 years ago, when we study in twelve class now it is a great price and it support all crypto trading site so we like bitcoin.
Well there are a lot of things that can be like in bitcoin such as the price is high than any other currency now bitcoin have a credit card and its now available almost everywhere bitcoin is now a very strong position and hold in market you can also learn a lot of things here it really make a life easy of and thousands of people are taking advantage of it.
I like about Bitcoin the most are:
1. The transaction is free from chargebacks
2. The transaction is very transparent.
3. It is safe from merchants they can't steal your account
4. Its fast and very accessible
1. The transaction is free from chargebacks
2. The transaction is very transparent.
3. It is safe from merchants they can't steal your account
4. Its fast and very accessible
bitcoins is the type of cryptocurrency which is world wide,therefore they can be used for transaction from everyone and everywhere.this is one of many things about btc that i like
For me, I like the fact that nobody can't manipulate bitcoin, because it is decentralized, but I also liked its volatility, for me the best strength of bitcoin is volatility. Its ability to rise and fall on its value is just perfect for trading and is an advantage to all bitcoin investors
Although this is the advantage and opportutinity for anyone are Bitcoin investor, but you must to know it is not mean all investors will be winner and no one does not have loss at here. This is the cryptocurrency market, so winners and losers will be very clear. 
I like bitcoin because it fast, cheap in transactions, high price to sell/buy and it the most common currency in cryptocurrencies.
The high price is only based on the real market but the cheap transaction and fast transaction are fixed and it's one benefits of using bitcoin. We investors are looking for the best price so we can also make profit when investing, we will continue to support because with our support we can have
more people adopting with bitcoin which would result to a better price.
I like its freedom, growth and independence, no limitations for users to buy and to cash out.
It's the best currency ever!
It's the best currency ever!
I like bitcoin because it fast, cheap in transactions, high price to sell/buy and it the most common currency in cryptocurrencies.
The high price is only based on the real market but the cheap transaction and fast transaction are fixed and it's one benefits of using bitcoin. We investors are looking for the best price so we can also make profit when investing, we will continue to support because with our support we can have
more people adopting with bitcoin which would result to a better price.
What I like best about bitcoin is that it is so accessible. I see it as a future to the world. I am also confident that one day people will use bitcoin instead of cash because of the technological advancement in the whole world.
What I like best about bitcoin is that it is so accessible. I see it as a future to the world. I am also confident that one day people will use bitcoin instead of cash because of the technological advancement in the whole world.
What I like best about bitcoin is that it is so accessible. I see it as a future to the world. I am also confident that one day people will use bitcoin instead of cash because of the technological advancement in the whole world.
It's decentralized nobody intervenes in your transaction meaning its financial freedom no government to intervene, easy and fast transaction of money because there is no middleman who will ask you for additional expenses and easy way to transfer money. Also the the fast-rising of its price which in could turn to favorable good way of income when it comes to trading.
I like bitcoin because it fast, cheap in transactions, high price to sell/buy and it the most common currency in cryptocurrencies.
The thing I like most about bitcoin is the price is very high and now bitcoin has become a commodity for us can use it as a means of payment
As observed about Bitcoin, it is a good side line any one who needs money. Even though it takes time on waiting, its worth it atter you get your money. Having a bitcoin is the best source of income. Gaining more knowlege about bitcoin may lead as a millionaire someday...
For me, I like the fact that nobody can't manipulate bitcoin, because it is decentralized, but I also liked its volatility, for me the best strength of bitcoin is volatility. Its ability to rise and fall on its value is just perfect for trading and is an advantage to all bitcoin investors
Yes, the range of bitcoin fluctuations is quite large and it makes some people willing to spend their time for hours just to catch the opportunities to get profit from such fluctuations.
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
I like the confidentiality associated with bitcoin..and the ease of payments also makes it attractive.
Why I like it ??
There are several reasons for that...
It has multiple applications
Most people are initially introduced to Bitcoin as a form of digital currency – a new way of doing money built especially to meet the needs of the 21st century. But, in actual fact, that is just one of a plethora of uses for Bitcoin and the blockchain technology it runs on. The blockchain can be used prove ownership of things other than the coins themselves – enabling the same efficiencies and advantages for the digital trading of securities, for land titles and other property, for insurance claims, as a payment rail for remittances, for settlement between financial institutions, for document stamping and auditing, for customer rewards and crowdfunding, and quite a lot else besides. Each of these uses requires coins to pay for transaction fees and adds to the value of Bitcoin. What this means is that there are multiple paths to success: each of these use-cases is still in the early days of its development, but has the potential to create a revolution in their respective industries – and the success of any single one could drive a significant increase in value for the network they are built on. Think of it like this: investing in BTC could be like investing in the internet during its early days, and I don’t mean like putting your money into dot com start-ups – I mean the actual internet itself. The key difference, of course, is that the internet is free to use while every Bitcoin transaction must be paid for.
Potential Gains Outstrip Potential Loses:
The potential gains if Bitcoin enjoys any substantial success are astronomical. To give you an idea of this we will just consider it as a currency, which as I already explained is only one out of many applications. Many commentators have speculated about the potential of BTC as a global currency and its suitability for international trade as well as use by regular consumers all around the world. So it is not entirely outrageous to make a comparison with the US dollar. There current monetary supply for USD is approximately in the region of 70 trillion, whilst the value of all Bitcoins in existence as I publish this article is ~3.5 billion. So if Bitcoin replaced the USD as the primary currency of international trade, and the global economic power of bitcoin users were to equal the current population of America, the price would have to go up by 20,000 times – making each $1 worth of BTC today worth $20,000 in this hypothetical future. Of course that is a very ambitious target, but it is not completely impossible, and more importantly even 1% of that kind of success would turn each dollar you invest into $200. On the other side of the equation, the most you can theoretical lose is 100%, and even that is highly unlikely at this point because the technology has already been well tested and has many devoted users. So even if this is a risky investment, the risk-reward ratio is still very attractive indeed.
Scarcity and Declining Inflation:
Bitcoin is a scarce asset, because there is a hard cap on the maximum number of coins which can ever be created. For this reason it is often compared to gold, which also gains much of its value from its scarcity. At the moment (Sep 2015) something like 4000 new coins are generated each day through mining. This means that around 4000*240, or $960,000, of new money needs to come in each day to keep the price of each coin at the same value. Over time this will decrease, eventually approaching zero as the 21 million coin cap is reached. Because some coins will always be lost due to people forgetting passwords, failing to pass on wallets in their will, or abandoning almost empty wallets, the currency will become deflationary at that point – meaning its value will tend to rise against commodities and other currencies if everything else remains equal. Now is actually a good time to take advantage of this – the block reward is set to be halved some time in summer 2016, slashing the inflation rate and easing the amount of capital growth required for the price per coin to rise.
Investment Squared:
Just owning a few coins is often seen as an investment, but of course Bitcoin is money and you can invest money. In the same way it is possible to invest your coins and earn interest on them, on top of any gains you get from price increases (or to help off-set any loses, of course).
Instant Access:
You don’t need to tie up your money in long term plans in order to make a profit. As a form of money itself, this is an investment you can access instantly at any time – including dipping into it to buy your groceries at the local supermarket.
A Hedge Against Currency Risk:
For people living in countries with high inflation or the risk of devaluation, digital currency can provide a good hedge against currency risk. With China’s recent devaluation of their currency heralding renewed speculation about currency wars between nations seeking to secure their exports this could prove to be a major driver of the BTC price in the medium term future. A negative correlation has already emerged between the dollar value of BTC and CNY, and devaluation in other emerging economies could drive a substantial amount of new capital into Bitcoin.
A Safe Haven from Bank Crises:
Money in the bank is not as safe as it used to be. In Cyprus savers saw a one-off levvy taking a massive ‘haircut’ off the value of their nest eggs, whilst the people of Greece are suffering extended limits on the amount of cash they are able to withdraw from their accounts. Not only does digital currency provide a safe haven from these risks, it also allows you to profit from the increased interest generated when things like this occur. The same goes for government capital controls, with consumers in many authoritarian regimes already using it to get around oppressive legislation. Some commentators are already suggesting that Chinese capital controls may soon spark the next price boom.
Open to All:
Investing in Bitcoin is easy, open to everybody (not just accredited investors), and doesn’t require you to compromise your financial privacy.
An Ethical Investment:
A large part of the original inspiration behind the creation of Bitcoin appears to have been the desire to provide a solution to the global banking crisis that started in 2008/2009, and a way to make sure that it never happens again. Bitcoin is the currency of the people, free from the dominance and profiteering of the global banking industry which has caused so much damage to the global economy. By buying coins you are supporting the network to make money fairer and more aligned with the interests of the people rather than the banks.
Its exciting! Perhaps the best reason why you should invest in Bitcoin is because it is super exciting. Its exciting to be involved with such a new and revolutionary technology, its exciting to see it changing the economic landscape and to read the latest news to keep yourself up to date.
There are several reasons for that...
It has multiple applications
Most people are initially introduced to Bitcoin as a form of digital currency – a new way of doing money built especially to meet the needs of the 21st century. But, in actual fact, that is just one of a plethora of uses for Bitcoin and the blockchain technology it runs on. The blockchain can be used prove ownership of things other than the coins themselves – enabling the same efficiencies and advantages for the digital trading of securities, for land titles and other property, for insurance claims, as a payment rail for remittances, for settlement between financial institutions, for document stamping and auditing, for customer rewards and crowdfunding, and quite a lot else besides. Each of these uses requires coins to pay for transaction fees and adds to the value of Bitcoin. What this means is that there are multiple paths to success: each of these use-cases is still in the early days of its development, but has the potential to create a revolution in their respective industries – and the success of any single one could drive a significant increase in value for the network they are built on. Think of it like this: investing in BTC could be like investing in the internet during its early days, and I don’t mean like putting your money into dot com start-ups – I mean the actual internet itself. The key difference, of course, is that the internet is free to use while every Bitcoin transaction must be paid for.
Potential Gains Outstrip Potential Loses:
The potential gains if Bitcoin enjoys any substantial success are astronomical. To give you an idea of this we will just consider it as a currency, which as I already explained is only one out of many applications. Many commentators have speculated about the potential of BTC as a global currency and its suitability for international trade as well as use by regular consumers all around the world. So it is not entirely outrageous to make a comparison with the US dollar. There current monetary supply for USD is approximately in the region of 70 trillion, whilst the value of all Bitcoins in existence as I publish this article is ~3.5 billion. So if Bitcoin replaced the USD as the primary currency of international trade, and the global economic power of bitcoin users were to equal the current population of America, the price would have to go up by 20,000 times – making each $1 worth of BTC today worth $20,000 in this hypothetical future. Of course that is a very ambitious target, but it is not completely impossible, and more importantly even 1% of that kind of success would turn each dollar you invest into $200. On the other side of the equation, the most you can theoretical lose is 100%, and even that is highly unlikely at this point because the technology has already been well tested and has many devoted users. So even if this is a risky investment, the risk-reward ratio is still very attractive indeed.
Scarcity and Declining Inflation:
Bitcoin is a scarce asset, because there is a hard cap on the maximum number of coins which can ever be created. For this reason it is often compared to gold, which also gains much of its value from its scarcity. At the moment (Sep 2015) something like 4000 new coins are generated each day through mining. This means that around 4000*240, or $960,000, of new money needs to come in each day to keep the price of each coin at the same value. Over time this will decrease, eventually approaching zero as the 21 million coin cap is reached. Because some coins will always be lost due to people forgetting passwords, failing to pass on wallets in their will, or abandoning almost empty wallets, the currency will become deflationary at that point – meaning its value will tend to rise against commodities and other currencies if everything else remains equal. Now is actually a good time to take advantage of this – the block reward is set to be halved some time in summer 2016, slashing the inflation rate and easing the amount of capital growth required for the price per coin to rise.
Investment Squared:
Just owning a few coins is often seen as an investment, but of course Bitcoin is money and you can invest money. In the same way it is possible to invest your coins and earn interest on them, on top of any gains you get from price increases (or to help off-set any loses, of course).
Instant Access:
You don’t need to tie up your money in long term plans in order to make a profit. As a form of money itself, this is an investment you can access instantly at any time – including dipping into it to buy your groceries at the local supermarket.
A Hedge Against Currency Risk:
For people living in countries with high inflation or the risk of devaluation, digital currency can provide a good hedge against currency risk. With China’s recent devaluation of their currency heralding renewed speculation about currency wars between nations seeking to secure their exports this could prove to be a major driver of the BTC price in the medium term future. A negative correlation has already emerged between the dollar value of BTC and CNY, and devaluation in other emerging economies could drive a substantial amount of new capital into Bitcoin.
A Safe Haven from Bank Crises:
Money in the bank is not as safe as it used to be. In Cyprus savers saw a one-off levvy taking a massive ‘haircut’ off the value of their nest eggs, whilst the people of Greece are suffering extended limits on the amount of cash they are able to withdraw from their accounts. Not only does digital currency provide a safe haven from these risks, it also allows you to profit from the increased interest generated when things like this occur. The same goes for government capital controls, with consumers in many authoritarian regimes already using it to get around oppressive legislation. Some commentators are already suggesting that Chinese capital controls may soon spark the next price boom.
Open to All:
Investing in Bitcoin is easy, open to everybody (not just accredited investors), and doesn’t require you to compromise your financial privacy.
An Ethical Investment:
A large part of the original inspiration behind the creation of Bitcoin appears to have been the desire to provide a solution to the global banking crisis that started in 2008/2009, and a way to make sure that it never happens again. Bitcoin is the currency of the people, free from the dominance and profiteering of the global banking industry which has caused so much damage to the global economy. By buying coins you are supporting the network to make money fairer and more aligned with the interests of the people rather than the banks.
Its exciting! Perhaps the best reason why you should invest in Bitcoin is because it is super exciting. Its exciting to be involved with such a new and revolutionary technology, its exciting to see it changing the economic landscape and to read the latest news to keep yourself up to date.
Decentralized and anonymity are best for sure though for me, The idea of Bitcoin's giving opportunities to all especially to people who believes that they are included into the lower and middle class people are the best I like about Bitcoin. To add, Bitcoin helps me to somehow earn extra money to support my family and to provide their needs.
What do you like best about bitcoin?
Decentralization, transparency or easier to move?
Or just it makes you look cool?
I think all the three. Besides the fact that all of this is totally anonymous and there is so much more that has to come. You never know what the future is holding, what are the possibilities. Will bitcoin become a mainstream currency, will it take over the economy or will it be just used as another mode of payment.
Also, decentralisation makes it ao powerful. Bitcoin is bound to no government, that's what makes it a challenge.
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