Topic: What’s the SINGLE most valuable benefit for you in Bitcoin and why? - page 5. (Read 1312 times)
June 10, 2019, 08:04:07 AM
can transfer it anywhere and anytime , it helps me alot on my business on steam trading , i can buy any item with bitcoin and with many people over the world
June 10, 2019, 06:01:09 AM
Bitcoin is a good investment for the future because I have benefited a lot from this with many benefits actually happening in Bitcoin with all its conveniences and that's all everyone mentioned, anonymously very good for me with all the security provided without any worries at all , any risk if we still maintain our own security, come back again that everything is very easy now so it's no wonder people like it along with the values they have especially very good market conditions, I believe in the future it will be more evenly distributed well.
June 10, 2019, 04:12:06 AM
I know there might be more, so feel free to add them or reply here and I’ll find a way to count them in and group then.
The goal here is to find some insights in what we are really investing in. Ex: some people say Bitcoin is valuable because is scarce and finite, therefore allowing a more stable economy. I would argue that, even if it is finite, if the holders or players in that finite economy have in unbalanced and excessive amount of Bitcoin then (or mining power, which is another topic but we cannot reason on it as the same level as BTC as it’s much more easily seizable in the physical world) then not much wouldn’t change to the current system, just the players ruling the monetary rules would differ.
In doing so and based on the answer, I’d like to argue all together on what stands true, and therefore, find what we’re really “value investing” in.
PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.
If it was possible for your poll to get all the buttons clicked, I am sure that many people would have clicked on all the options you have there because that has been the 4 greatest benefits of Bitcoin to me. The goal here is to find some insights in what we are really investing in. Ex: some people say Bitcoin is valuable because is scarce and finite, therefore allowing a more stable economy. I would argue that, even if it is finite, if the holders or players in that finite economy have in unbalanced and excessive amount of Bitcoin then (or mining power, which is another topic but we cannot reason on it as the same level as BTC as it’s much more easily seizable in the physical world) then not much wouldn’t change to the current system, just the players ruling the monetary rules would differ.
In doing so and based on the answer, I’d like to argue all together on what stands true, and therefore, find what we’re really “value investing” in.
PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.
These four attributes were what the person that introduced me used to convince me into adopting Bitcoin which I have never regret any of my action, and the most attractive one among them all is that aspect of moving a large sum of money without being queried or your fund seized.
Here in my country they frustrate us a lot on that aspect and limit you to the amount of transaction you can do in a day even as a businessman, so Bitcoin has really solved my problem in that regards.
June 10, 2019, 03:18:07 AM
The main benefit that i get from Bitcoin is the opportunity to earn even in the comfort of my home
Bitcoin has been my source of income from doing bounties and in trading.
Bitcoin has been my source of income from doing bounties and in trading.
June 10, 2019, 02:53:40 AM
Obsessively this feature is great Can transfer large amounts anywhere anytime (permission less) is single most valuable benefit for bitcoin transferring millions of dollars with less fee we have already seen such examples
June 09, 2019, 10:05:22 PM
The main benefit of bitcoin to me is I can buy many things using it. I can topup my phone credits, pay some bills, and even buying online. I don't need to go out just to do that, I save some money because I don't need to commute. I can be more productive or have more time to rest.
June 09, 2019, 11:51:15 AM
I think the main reason is to have the freedom to make transactions without any third party, government or banking, that is the main reason for blockchain technology, under which in the market you can intuit with investments, you can apply different Market theories to apply them, just like those applied in the Stock Market.
June 09, 2019, 12:06:04 PM
The biggest thing for me is being able to easily transfer money to people around the world without a 3rd party. All it takes is a few clicks and your done. But the downside is that you have to be extremely careful because there is no way to refund a transaction. This isn't so much a problem for me but for a new user that normally uses credit cards this can be a b ig problem.
June 09, 2019, 11:08:53 AM
I don't think any of then is correct except the last one .
* Any government can ban them at any moment thus they are dependent on Central authority
*Directly or indirectly it takes time to get them converted into cash and trust me it's banned in many countries, you cannot add money online through banks otherwise you could be jailed
*It has finite supply , sure but it will benefit us later only when it reaches that , before that it's not stable at all .
* Any government can ban them at any moment thus they are dependent on Central authority
*Directly or indirectly it takes time to get them converted into cash and trust me it's banned in many countries, you cannot add money online through banks otherwise you could be jailed
*It has finite supply , sure but it will benefit us later only when it reaches that , before that it's not stable at all .
June 09, 2019, 10:00:02 AM
I really hope that bitcoin can be a borderless currency for payment, since PayPal, wire transfer, and Western Union are soo terrible! It should (must) be legal to use Bitcoin as a payment in my country and globally.
However, none of the above have come to reality.
Therefore, for now, the only benefit for me is just for betting token and for additional income via paid signature.
However, none of the above have come to reality.
Therefore, for now, the only benefit for me is just for betting token and for additional income via paid signature.
June 09, 2019, 08:55:07 AM
For me one single most benefit that i got from bitcoin is making money online without going out of home and work with a boss. I can buy and sell in the comfort of my home and make profits while spending time with my family and loved ones.
I am now seeing so many people who are benefited with the coming of bitcoin and hence the entire cryptocurrency industry. Bitcoin is a tradable asset and there are many people who are doing a good business participating on the cryptocurrency market. Now, there are also people who are paid with their job and business with bitcoin. I am glad to see that you are one of the many benefited with this new platform and innovation. Bitcoin can be life-changing and we should be happy to be a part of this revolution. When you say buy and sell are you referring to trading bitcoin or maybe commercial products and buyers are using bitcoin?
June 09, 2019, 04:11:50 AM
I don't know why it wasn't an option but the real big help for me is the way it can be sent and received. It is super easy to just send people money and receive as well. I have been working in crypto world for over 3 years now and I have been earning my salary that way, at first I thought this was a temporary job and I need to get a "real" job but now it has been 3 years and me and my wife think that how "real" a job has to be if we lived thanks to my bitcoin income for the past 3 years.
I have not worked in any company as long as I worked for bitcoins and that is why I think this is just so awesome that makes remote working options that much easier. I can literally work for any company in the world and get paid in bitcoin easily without having to go to work and just work in my room.
I have not worked in any company as long as I worked for bitcoins and that is why I think this is just so awesome that makes remote working options that much easier. I can literally work for any company in the world and get paid in bitcoin easily without having to go to work and just work in my room.
June 09, 2019, 12:19:39 AM
For me one single most benefit that i got from bitcoin is making money online without going out of home and work with a boss. I can buy and sell in the comfort of my home and make profits while spending time with my family and loved ones.
June 08, 2019, 11:08:48 PM
I've made a lot of bitcoin transactions with exchanges, merchants, and many more people so my vote goes to transferring larger amounts anytime and anywhere even though I don't spend much per transaction I still value the convenience more than the three choices in the poll.
I like that can transfer large amount anytime, the only issue i think is that need to wait comfirmation but this is not a problem because bank transfer are much slower. U also like that i can get some profit if buy bitcoin and sell for higher amount later.
If you can't wait for confirmations you could always move your coins to a different platform(LN, exchange, gambling sites, etc) before starting a transaction with someone.This is my top choice also for me. I can do the transfers at the comfort of my home unlike if you do need to transfer money in banks, sometimes you need to physically go there and be in queue just to complete your transaction. Aside from that, you need to wait for days if you are transferring money to another country. So in this case, btc transactions have very large advantage as compared to traditional means.
June 08, 2019, 04:22:30 PM
I've made a lot of bitcoin transactions with exchanges, merchants, and many more people so my vote goes to transferring larger amounts anytime and anywhere even though I don't spend much per transaction I still value the convenience more than the three choices in the poll.
I like that can transfer large amount anytime, the only issue i think is that need to wait comfirmation but this is not a problem because bank transfer are much slower. U also like that i can get some profit if buy bitcoin and sell for higher amount later.
If you can't wait for confirmations you could always move your coins to a different platform(LN, exchange, gambling sites, etc) before starting a transaction with someone.This is my top choice also for me. I can do the transfers at the comfort of my home unlike if you do need to transfer money in banks, sometimes you need to physically go there and be in queue just to complete your transaction. Aside from that, you need to wait for days if you are transferring money to another country. So in this case, btc transactions have very large advantage as compared to traditional means.
June 08, 2019, 04:16:25 PM
You should at least add up on the poll;
-Benefit on making money online
I do highly believe that most people would really choose this up yet Btc do benefit most people here on this market
on making money excluding into its main purpose which is p2p transactions.
-Benefit on making money online
I do highly believe that most people would really choose this up yet Btc do benefit most people here on this market
on making money excluding into its main purpose which is p2p transactions.
I agree, since it is one of the reason why I use bitcoin. sending large amount of money (in my point of view)
is also one of the reason why I use bitcoin since I actively send money to someone abroad and the receiver
doesn't need an ID to get it.
majority due to its possible potential income or return not totally on making transaction anonymously online.
We have our own insights but well no matter what angle you do go you would still able to experience both things with Bitcoin.
June 08, 2019, 04:01:03 PM
I personally chose BTC cause it can transfer large amounts anytime and anywhere yeah, limitations of banks in certain areas are't affordable BTC is very far reaching all that's what I want cause the distance in this world is limited and there are a lot of taxes that apply but with the presence of BTC I'm not bothered with other fees well BTC really helps my family finances.
June 08, 2019, 03:42:45 PM
Op, people offered some other reasons, and perhaps you should consider adding them to the poll. When I was looking at options, It was difficult to choose and I felt like something was missing. I chose the option of independence from a centralized authority because it really feels safer to keep the money in my wallet rather than on a bank account, knowing that banks essentially have access to your money and even the right to do things with it. Moreover, since fiat is centralized, it can (and is) constantly devaluated by the authorities, 'encouraging' people to actually spend it. Bitcoin is volatile, but at least it's not some people messing with my money in their interest.
June 08, 2019, 10:33:05 AM
I've made a lot of bitcoin transactions with exchanges, merchants, and many more people so my vote goes to transferring larger amounts anytime and anywhere even though I don't spend much per transaction I still value the convenience more than the three choices in the poll.
I like that can transfer large amount anytime, the only issue i think is that need to wait comfirmation but this is not a problem because bank transfer are much slower. U also like that i can get some profit if buy bitcoin and sell for higher amount later.
If you can't wait for confirmations you could always move your coins to a different platform(LN, exchange, gambling sites, etc) before starting a transaction with someone. June 08, 2019, 10:00:11 AM
I like that can transfer large amount anytime, the only issue i think is that need to wait comfirmation but this is not a problem because bank transfer are much slower. U also like that i can get some profit if buy bitcoin and sell for higher amount later.
Jump to: