Topic: What I love about Bitcoin - page 7. (Read 4291 times)

IMO that's very superficial.

@ontopic What I love about this tech is the convenience it brings to the remittance system. Reduced time, costs, and hassle. Helps me a lot.

Many people are interested in bitcoin because they hope the price will rise and they will be able to make more money in fiat

You know, this is like asking meat lovers what they think about meat. I fully understand that you may or may not find a few people with differentiating view points here, which may not fully support this. However, most people are going to praise financial independence, because that's one of the reasons that they're here for. I'm not really interested in the price of Bitcoin in USD (people complain when it's volatile, and they also complain when it's stable). What I'm interested, and what I cherish is the freedom. I can do anything with my money, whatever I want and whenever I want it (besides the times where your Core database goes corrupt and you have to reindex for 24 hours ).

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Hint: Next time use a self moderated thread.

i love bitcoin since i can make my first withdrawal in about $30, i know its not much but its really makes me smile and i can tell my family that i can make money with bitcoin. i don't know about the blockchain technology, the only thing i care is how i can make money while i am online. this is my main purpose and i really like that bitcoin is help me to do this.

i like the stability of bitcoin price that is turning into a common thing and the stability periods last longer than before each time. and i do believe that it can actually help the adoption of bitcoin as a currency instead of an investment to dump as soon as price goes up!

Anyone feels the same way I do? 

I dont care if the price goes up, in fact I even enjoy it.

But I rarely see the price going down, so that is good for stability in my case.


I dont know how much profit they make when their have negative equity, their debt massively outnumbers their assets. And it's just a question until they go bankrupt.

Bitcoin serves the people, and especially poor people. Poor people will get the most benefit out of it.

If my goverment can see by your view side, I think bitcoin value will increase !
Since I know bitcoin, it really help me very much for my business and as my alternate bitcoin investment


That's why my goverment forbid bitcoin usage to prevent anonymous transaction using bitcoin

Yes, but the price for bitcoin can change in every possible moment. Today nobody know in which side, as the time shows bitcoin is just growing, but in some cases the price fells down. This is bitcoin's nature. And I love bitcoin exactly for that.

A lot of people will not agree with you, because they think the banks are out to serve them, but the opposite is true. The banks main goal is to make a profit, and this is where the problems come in. A profit driven service will concentrate on their interest, and they will charge you high fees to accomplish that.

Bitcoin serve nobody, and the technology and the price are driven by market demand and supply. ^smile^

About the stability of bitcoin it's just depending with the definition of every person, Like in my personally I can categorizing the bitcoin is very vague, sometimes they are reaching their stabilization and in the another time, they do not get their stabilization.

I think many people are interested in bitcoin because the price is not stable, but you are different, you like the other side of bitcoin.

Hope you got your personal issues resolved. But I can't say I agree with your statement that Bitcoin is stable and consistent, that nothing changed while you were away is just pure luck, it doesn't actually mean anything. Stable and consistent would be for example knowing exactly how much you need for a can of coke. You can go live in the forest for a few months and when you come back chances are you'll still be able to get a can of coke for the same amount of money. There is absolutely no way you could guarantee this with Bitcoin.

I wasn't active for a few weeks on the forum because I had some personal issues to sort out, I wasn't even using the internet that much, so basically I haven't checked anything about Bitcoin in the last weeks. I havent kept up with bitcoin news, and I havent kept up with the price, or the roadmap of the community.

And yet nothing has changed, bitcoin is still 540 EUR, just about the same as I last checked it, looks like it bounces between the 520-560 EUR price range. Yea I wish it would go up to 20,000 EUR, but even if it doesnt go up, at least it doesnt go down.

So even though I havent kept up with bitcoin for 3 weeks, I didnt had to worry about the price going to 0 EUR, this stability is what I love.

So I think the price is pretty much stable, the hardfork debate still goes on, but only made up of shills at this point, so I dont even care about it anymore. Bitcoin Core rocks, looks like the 0.13 version has been smoothly introduced. Segwit is on the horizon and bitcoin will probably have a bright future ahead.

So it's this stability and consistency what I love, the price is pretty much stable now, and I dont have to worry about people physically stealing my BTC, or the "BTC company" going bankrupt, it just feels so good, passive investment, that doesnt need babysitting.

Basically it's total financial independence, and it's very safe in my opinion.

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On the other hand, I checked my e-mail and I got 10 mails from my bank asking me to open a savings account and apply for life insurance....

Really banks? So you are spamming my email to sign up for a savings account that wont give me returns exceeding inflation and I have to risk bail-ins.

I dont have a savings account since 2014, and they are desperate to make me re-open it. I hardly keep any money in the bank now, times are too uncertain.

I also read about negative interest rates and an incoming financial collapse that could wipe out all banks in europe. So no thank you.

I can hardly imagine how a rich person that has say 10,000,000 EUR in his savings account must feel, he must be chewing his fingernails 24/7 being in panic mode, and everytime he reads the financial news he is an inch close to a heart attack.

So with a  savings account I have to constantly check my e-mails if the bank fees are changed or the rules of transaction, while also have to check the news because I cannot know when the interest rates will drop to say -50%. It can literally happen any minute in this atmosphere of crisis.

Also I cannot know when the bank goes bust and takes my money with him in bail-ins, which is just outright theft.

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So yea, i think Bitcoin is safe and reliable, and above all consistent. While a bank is literally a casino at this point. So I'd rather use BTC, it gives me so much independence.

Tell me how do you feel about this?