Topic: What’s the SINGLE most valuable benefit for you in Bitcoin and why? - page 6. (Read 1285 times)

I want to choose 2 option from the list, but unfortunately, I cannot do that.

- Can transfer large amounts anywhere anytime (permissionless)
- Possibility of being, relatively, pseudo-anonymous while transacting money

That is what I want to choose, but since we could only choose 1, then I will choose Can transfer large amounts anywhere anytime (permissionless). We can transfer a large amount at any time, without having a limit and time and I am sure that the transaction will arrive in a short time.

But maybe the most valuable benefit for me in bitcoin is I can make money from bitcoin because that is what I got in bitcoin.

Your thoughts also obviously valuable in current situation. But I expect it will reach globalized because still many countries are restrict the crypto currency, at the same time they know the benefits of Bitcoin so as soon as possible it will accepting entire world. So before we must buy and hold huge coins it will useful for future traffic. I think holding the Bitcoin is a major benefit.

I voted for it has finite supply but I wouldn't agree about it being a stable currency. Bitcoin doesn't have stable price but it could've been stable in a way that there are people who've been using it overtime.

But if that's what you mean of being a stable currency that it will have the same price, I don't think that's the right word. What I think, it has finite supply and demand will increase later on and price would become higher.

The fact it can be used 24/7 without restrictions by anyone with the trust that comes from the oldest blockchain.

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.

All the 4 reasons are benefits for me,despite the fact that number 3 is wrong,because bitcoin isn't a stable currency(if we continue to always measure it's price with USD).

tough choices!

if i have to choose only one, i'd say the finite and transparent supply. the 21m coin limit doesn't make the currency stable but it gives it extremely strong monetary properties. market participants are more informed about supply dynamics than with any other form of money in history. that's a strong basis for a store-of-value.

Having Bitcoin and getting involved in blockchain technology has a lot of benefits and advantages.
It could give us the financial freedom which we couldn't get from banks and promising profit which we couldn't gain in any investments. It makes things easier and more convenient for most users where we could keep transactions anonymously.

Bitcoin is finite and can control by people who own it in large quantities. But in a profit-seeking economy, whales know how to make money from them, and they will never kill it if they continue to make a profit. In particular, anonymity is what Bitcoin offers to investors.

There are actually a lot of benefits that you can enjoy whrn you are investing or using bitcoin. I like investing on it because of the opportunity to earn from it, crypto had brought and openned a lot of opportunities for people and changed the way how we do transactions. Not to mention the convenience of using it when using it to transfer money or to use it for daily transactions, lesser fees and less delays compared than using banks.

The thing i love about bitcoin is that it gives me free from government and banks . Though there are many disadvantages also it will be solved in coming years as we are still in early stage of bitcoin adoption.

I also admire anonymity in cryptocurrency, a lot of benefits to say but this what i like the most compared to other investment or trading markets. You can watch your own money plummet or go down. Own control, own lose, own profit. That is what i most believe in this.

The one whos is really benefiting me alot is the bitcoins ability to transfer big amount of money from wallet to wallet without hassle.Im tired of days of processing of sending money which happens most of the time when using wire/bank transfers.Plus that you can send money to your friends or loveones everywhere you are,on the road,rest room and everywhere else as long as you internet connection

I personally do love Bitcoin because of the fact that it gives its holder or user complete freedom, and for that matter I mean no authority or government can seize them from you. This is one of the best developments we have ever had in human economical history and we're in deed gonna stay for long.

For me it's the possibility of increasing value. Even when it gets through bear seasons, the price still gains enough value to beat inflation, which we know is bad for our savings. If you already have a year's expenses saved up in fiat, you save most of your income in bitcoins and it's almost certain that it'll at least retain its value at least 5 years from now.


I think I know what you're talking about. That's how top up my phone.

My answer doesn't suit to any options available in yout poll but anyway here is my number 1 reason why I love crypto. It's because of its VALUE. Yeah! I also like its capabilities of anonymity and others but this one is the major reason I like, I'm sure everybody does too.

But if we disregarding that because it's pretty obvious that it drives all the people here to engage in cryptosphere, the second thing I really like about it is it provides faster ttansactions. Imagine, I can now have a prepaid load just one click away . When I'm buying prepaid load before I used to walk on the nearest convenience store and avail it but now all I need is my digital wallet, paste my phone number and Voila! I have now prepaid load + a 10% rebate from its price.

I think the biggest advantage of bitcoin is it's constant supply and it's ability to transfer value easily.

The reason why people like to own a lot of gold is because there can only be so many physical gold coins or bars on Earth. Unless we get hit by another asteroid or go space mining, there can only be so much.

Gold is valuable precisely because it's supply is constant and rare.

Bitcoin is similar in that the supply is constant. There can never be more than 21 million bitcoins and the inflation schedule is fixed and predictable.

The advantage of Bitcoin is that it can also be transferred easily compared to gold. For example, Bitcoin has a transactions per second rate of seven compared to gold's zero transactions per second.

So they are both valuable assets to have in order to hedge against inflation.

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For me it is sending huge amounts of money without being questioned by anyone. Before, I always receive email notifs from my bank if I made  a transfer from my account to another that somewhat interests them (a few thousand bucks lol). For bitcoin, this doesn't happen so faf and I can transact easily with my clients in a fast and efficient manner. Local exchange won't ask where the coins come from when it's time to convert and banks wouldn't ask where do you get your deposited money as long as you let them take care of your money. The flow is somewhat long but it helps you avoid painstaking verification process every time you want to make large tx.

If you asked me 3 years earlier i would just said for profit, which is i am sure that most of the people start of on that same note, but once you start learning more about it you start knowing the true meaning and the true purpose behind the creation of bitcoin, and you start beveling in its cause and all those benefits that you have mentioned, but the most valuable one would  be that it gives you the freedom to make transactions whenever you want and how you want.

Aside from the fact that it is a very valuable and proven to be very profitable investment vehicle, bitcoin can makes payment seamless and fast even if one is located in the other half of the globe. I know there can be maybe a faster way to send payment but with bitcoin we are not anymore dealing with financial intermediaries like banks or remittance centers. I know there are also alts that maybe better than bitcoin but since they are not as popular or pervasive as bitcoin they are not called alts for nothing. Now, to make things a little bit romantic, bitcoin is putting the control and freedom right into our fingertips -- something that the government monopolized before.