Topic: What does Bitcoin protects people from ?? - page 7. (Read 1086 times)
Well, in my opinion it protects people from its own animosity. We know that bitcoin has its own privacy in terms of everyone's identification. It protects from being controlled by corrupt government.
for me the bitcoin protects people like investors and holders because it's a business but it's a long term we just need long patience
Bitcoinfor me protect people from misusing there funds instead they channel it to investment. Bitcoin protects us from a life time poverty.
Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority. So it eliminates the intermediaries.
Bitcoin creator "Satoshi" who has some 6 million Bitcoins is worth some $35,000,000,000. Satoshi is getting all the money just like banks.
Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority. So it eliminates the intermediaries.
In corrupted and fluctuated economies, bitcoin still looks like a better way to invest.
In my opinion, bitcoin protects us from the social division. When you invest, you become equal to everyone in the market. And if you keep 100$ in a book for a good moment, you'll lose the world of the economy. Because in each country banknotes are valued differently.
Bitcoin protects people from the banks where money is controlled by the government.
Bitcoin takes everything, it's more realistic, they make people make money very easy and it's easy to find bitcoin so people have recognized the money they are sure they are grateful for money. electronic
i think Bitcoin protects people from the centralised world economy where everything is controlled by the government.
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
I know most of the common answers to your question was already answered by others. For me bitcoin protects us from those corrupt people running the centralized system taking advantage of power and the ignorance of people when it comes to money management and economic problems that we are facing worldwide. Bitcoin is mainly invented to correct those blunders that those people committed that causes inflation and made the public suffer.
I think bitcoin can protect people from bank issues like bankrupt because our money is secured because it's cryptocurrencies that can only used of process by digital system or Blockchain and no one can able to touch it and getting away from us. It also protect as from the poor life of living which is the real time problem in our economy and that is financial stability. In bitcoin we can have a financial freedom that we wanted to have in our life.
i dont know about it, i dont know with bitcoin that protect economy of people like gold or not, we can see that gold have their own comodity and doesn't affected with inflation. bitcoin maybe affected with inflation but not much like the cash or local currenceis. so many people use bitcoin as their investment for get away from inflation
Bitcoin gives the freedom of holding your values with yourself. When you are holding a $1 bill, you are not holding the actual $1 worth of paper but the promise by the organization (we call it the government) that they will give you anything against your $1 bill. On the other hand, when you are holding Bitcoin worth $1, you can use it anywhere around the world where the other person is willing to accept it. There is no third party to deal with anything on behalf of you or to take any responsibility. In the second case, you are trusting each and everyone from the Bitcoin network which is a true democratic sign of trust.
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin is also like silver and gold. Though bitcoin is a kind of digital money. It also protects people from any kind of calamities and dangers. Though people just need to be watchful against the market price and its security for safety purposes too. Bitcoin is also similar to silver and gold only in an advanced way.
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin is a payment system and a currency in its own as most of know PayPal, it is a payment processor but not a currency itself and we know the famous USD it is a currency and not a payment processor and when we combine both then we obtain bitcoin that is digital currency it helps the people in many ways like they can transfer money from one country to another in a matter of seconds whereas previously it used to take many days to recieve the money. Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin protect us from centralized system. Centralized system can monopolize the market i guess.
Cryptocurrency protect peoples with the cryptographic system that enhance the security of your currency.
Bitcoin protects your data and personal info from being used by the government and financial institution. With time, it will protect inflation and be an good store of value.
I'm sure that in 20 years there will either be very large transaction volume or no volume -- Satoshi Nakamoto
One from natural disasters, secondly it operate on decentralized system where no government policy affect/control your account.
Bitcoin offers the freedom of possessing assets, without being controlled by others, without worry of being stolen, high security and a solid community making bitcoin survive today and forever.
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