Topic: What does BTC mean to you? - page 5. (Read 2289 times)

It's a matter of trusting banks, and I would never trust them with a large enough amount of money that losing it would affect me. I have seen too many examples of bank failures where people cannot get their funds back, or they only get back some part of it that is protected by law.

For me, these are just additional risks for my funds and I will definitely avoid these risks. Bitcoin is difficult for people because it requires a lot of responsibility, if you buy Bitcoin then you are responsible for its safety, you become a bank and there is no one who will be responsible for your coins, you must be able to do it yourself, and this suits me.

I know that no one can block my coins and I have access to them whenever I want, 24/7 for a whole year.

As far as I understand bitcoin is a strong currency not controlled by a decentralized central government. Investors in bitcoin can do whatever they want. Bitcoin transactions are anonymous, allowing you to control everything as you wish. What is controlled by the central government we have to do as the government wants there is no such thing as individual freedom. Better to be able to buy and hold bitcoins for the future than the bank.

Not only for you, maybe for many people who are already familiar with Bitcoin it can also be very interesting when referring to the reasons you said and what the OP said. Because it is very clear that the bank will never protect the secrets and identities of its customers if one of the customers makes large transactions in a matter of days. So that true freedom never exists in banks except for people who only save their own money in other places that are not banks. And I also agree more with putting some money into the market to be able to buy Bitcoin and keep it well as a future investment than relying on storing it in the bank.

By bitcoin I see the source of my earning. I don't know what kind of change bitcoin has brought to anyone's life. But with bitcoin I can arrange my life in a different way. Because of bitcoin my life has changed beautifully. Bitcoin is now in almost every country.  But the use of Bitcoin is increasing day by day and it is expected that Bitcoin can have a good position in the world.

For me, bitcoin is the best investment assets will huge return profitable than other investment kinds, indeed as investment way I make bitcoin how to protect my fiat values without get more inflation because I have saving money for my children education cost. Actually bitcoin become more important way as investment assets for me and give consistent profitable since I know bitcoin more than last six years ago.
I lack skill and knowledge when investing my money in other investment kinds, but with bitcoin so far running successful without get much problem when investing in real business have got bankrupt.

If can give valuable bitcoin more than 100% important thing in my life and change more my financial condition to be stable by profitable earning from bitcoin investment.

To me Bitcoin is a strong asset and also as you mentioned freedom. Bitcoin is most popular because of its anonymity of transactions.  Bank will not allow you to transact the Hughes amount amount while keeping your identity completely confidential. And on the other hand, its price is constantly increasing. Long term investment here has the possibility of getting huge profit. All these reasons make Bitcoin so appealing to me

I can't claim to say that bitcoin means something different to me from what it is really created for. I formally doubted bitcoin with all of my me when I heard it is a digital currency. I wondered what sort of currency could it possibly be with my illiteracy towards it that Such invention can be possible to exist or to be trusted. Times comes and goes that as the World keep to advance so also I develop my learning capacities and giving benefits of doubts towards things I never thought of their Possibilities to exist. Then the existence of bitcoin speculated beyond that dragged my attentions and I discovered that even my neighbors are confidently deep to the industry with the fact that they have invested their money and has been benefiting from to it according to its awareness potentials. This really made me felt like I was in the dark because my instincts at it wasn't convince able at all.
After much researches and consultations, I was convinced that it really exists as the rumour speculated that bitcoin is a decentralized and a self-custodial digital currency which can be used to make payments in replacement of the traditional currencies. Meanwhile it has a potential to provide its holder incomes meaning it can be Invested on to make profits with a volatile potentials which can also bring lost.

Of course, in this case there are many different opinions. For me personally, Bitcoin is like a large area of ​​land where of course we can grow crops and we can plant plants or trees according to our abilities. If we plant lots of plants, we will also get a lot of profits and If we plant a few plants or trees, of course we will not make much profit and will certainly only make a small profit.

yes the point is that bitcoin for me is a good investment tool and of course we can invest in it with any capital and it also gives hope to everyone to make profits easily yes the point is that bitcoin helps the economy easily regardless of our status because it makes money by investing in BTC can be reached by all groups.

I see a lot of positive comments here which means Bitcoin is a good future asset. and of course for me BTC is a good side business.

This is exactly the case with what is happening to binance exchange in Nigeria as there are rumors around that the government have actually condition them to stop the P2P rate that is being used to sell their coins and I believe the vast majority of Nigerians that are using this exchange is far beyond the average number of person that are actually supposedly using a non-custodial wallet for the safe keeping of their coins and I think the reason being is because of how popular these exchanges have come to be but I also believe that one day these Bitcoin being the actual financial freedom giver will come to past.

What’s the difference between freedom and hope in a world of restriction? Basically the same thing, and that is what Bitcoin really is. Bitcoin brings freedom such that you do not have to be controlled by the government as usual. Some people do not understand the power that the bank and government holds; the bank can decide if you will have your money and can decide to decline a transaction you made. They may not do all of that but merely being able to do that is enough reason to resort to Bitcoin.

Do you mean the definition of BTC,or the full meaning of BTC, or the name that individuals like to call it instead of BTC because of what it has done in their life,the impact, please I want to understand your topic or your question ❓,so if it is what one likes to call it instead of BTC, for me I would call it,hope for the hopeless,the job opportunities,the lifter infact its uncountable, because what it has brought into our lives,it has brought about opportunities to the youth,i hope am in line with your question?

Whats yours first? before asking people here better to give yours first right?

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Bitcoin for me is the future of currency , this is also what will make me rich in the near future and can change all the living of those who supports this because bitcoin success is the success of all crypto users.


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There are lots who called this as Freedom but for me this is the future.

The image of bitcoin itself has become much more important than the very concept of it as a cryptocurrency. Bitcoin as a cryptocurrency has recently been almost unavailable for use due to high fees. But. For ordinary people outside the crypt, yuitcoin is associated with new technologies, and for us with digital gold. The image of bitcoin is the biggest adoption that can be. And as time has shown, this is really gold, because it has not been forgotten.
On the contrary, now in the bull market we are going to new highs, after the adoption of ETFs.

Bitcoin might just be my savior

Upon finding out about cryptocurrency specifically bitcoin i gained some hope. It has given me an option in life just if ever things do not work out as I thought. Even if other paths open up for me, I think bitcoin is really something that could help me and my family in the long run.

Just like any other type of investment I think bitcoin is essential and a good financial instrument. Not only that but bitcoin is our future. It shows a glimpse of how our society will operate in a few years time.

You can only get freedom when you control access to the private keys and/or seeds tied to your Bitcoin funds. Relying on centralized exchanges to store your coins, would be no different than trusting banks with your money. Unfortunately, the vast majority of people keep their BTC on centralized exchanges and/or wallet providers out of convenience. Bitcoin cannot achieve its full potential this way.

For a currency that was designed to "threaten" banks' very existence, I'd say it has failed. These big financial institutions still hold the power to manipulate the economy to their own benefit. Maybe someday our dreams will come true?

If this has to be achieved, I think the government of your nation should be totally in support of the existence of Bitcoin, I want you to understand that your government may not allow this because if they do, they will be losing because Bitcoin is centralized currency and does not accommodate fraudulent activities, no one has a personal control on the system, the system is being controlled by the collective decision of the system so the government does not encourage such idea, in the aspect of withdrawing bitcoin from the ATM machine, bitcoin is a digital current which can only be seen in figure, so such will only be possible if Bitcoin is been printed and made handy, my question is, don't you think that if bitcoin is made handy, it may be printed in excess and it's quality as a hedge of inflation may be conquered which is the plan of the government.

For me Freedom, Privacy, An unbelievable asset.
It may not be necessary to repeat what is meant by freedom, Satoshi Nakamat's reason for inventing Bitcoin is to free us from the custody of banks so that we can enjoy financial freedom. And now we understand it very well, as well as enjoy it.
I think that if financial freedom is not accompanied by privacy then that financial freedom cannot be called fully independent. Here too Bitcoin is not short of financial freedom and it also protects our privacy. Here just one wallet is needed for the transaction. However, how much you can protect your privacy depends on how privacy is handled.
And there is no other reason to call it an unbelievable asset, if we see that in the last 15 years it has gone from zero dollars to a trillion dollar asset in one go.

I agree, bitcoin opens access to become free. It creates opportunities to be as much independent as possible. All you have to do is in your own hands. You don't have to rely on somebody else, you can make for a living all by yourself. And you can remain out of the system. I think bitcoin is a revolutionary asset and it is a response to the control which tightens agains modern people.

Well, for me, it was partly freedom and partly hope. Freedom comes from the fact that, as bitcoin functions on a decentralized network, no one other than ourselves has power over our wallets, and the government has no say over it. Additionally, we may send transactions to any location in the world where Bitcoin is accepted without the requirement for currency conversions or foreign fees. Whether you choose to convert it to your home currency is entirely up to you.
I hope, as I believe bitcoin has the ability to provide financial services to the world's unbanked people. Also, I feel that bitcoin will provide us with hope for greater monetary inclusion and economic empowerment by giving us access to the global financial network.

BTC's transaction capacity is limited, because developers want to keep it that way. They can raise the block size instead of forcing people to move to the Lightning Network. Just increasing the block size a bit, could alleviate the "high fee issue" for a while. It must be done in a "balanced manner" to prevent Bitcoin from becoming centralized (as higher block sizes contribute to higher bandwidth/storage requirements for node operators). I guess this will never happen, especially when most investors consider Bitcoin to be "digital Gold".

At its current state, Bitcoin proves to be a good store of value. If you're looking for true "digital cash", I'd suggest you look elsewhere. Coins like Litecoin and Dash are great alternatives. No matter how BTC is used, we can all agree that its mere existence allows people to experience true financial freedom. The dream has always been to remove the need for a trusted third party, right?