It's purely for financial gain. Bitcoin is tailor-made for me. Not much of a techie but with google and some assistance from friends. I was able to become some sort of a resident bitcoin guru in the office.
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Topic: Why did you adopt Bitcoin - Ideology, Technology, Monetary - page 2. (Read 1802 times)
To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.
The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.
The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.
Yup, Bitcoin is probably just under 1% adoption in population ..... could you imagine the shifts in the world if it reached 7% adoption in population!?
Exactly, Bitcoin is gaining popularity day by day and on the other hand, the supply is reducing so as a rule of demand and supply the price is going to skyrocket. Apart from that, I am impressed with the idea of cryptocurrency friendly market environment which is going to sustain the active network of cryptocurrencies. There is good technology, huge community, tremendous scope, limited supply, positive perception and increasing connectivity, what else we want?
For me, it's a combination of all three values I think, I've been around the Bitcoin community for a reasonably long time now and I've used Bitcoin for every reason you've listed.
In the earlier days the community was much more focused on the ideological aspects than now it seems, that has sadly disappeared a bit, I think.
Also, if you make use of Bitcoin a lot, then it's hard not to like the technology and monetary value behind Bitcoin, you just benefit from it if you use it.
In the earlier days the community was much more focused on the ideological aspects than now it seems, that has sadly disappeared a bit, I think.
Also, if you make use of Bitcoin a lot, then it's hard not to like the technology and monetary value behind Bitcoin, you just benefit from it if you use it.
I am into these bitcoin because of all the three options, as you all know that the technology which is the backbone of the bitcoin and which is also the ideology reason for the rise in interest of traders and investors all over the world.I have traded the bitcoins many times and each time i traded the profits were really amazing because of the big difference between the buying and selling entries.And all the credits goes to the strong value and people's interest in the bitcoin for trading thanks to the Ideology,technology and monetary reasons,which are helping traders like me for generating their monthly income. 
Personally I have adopted all of the above, I strongly believed in the ideology of bitcoin as a decentralized currency I do not like third party of transacting business I prefers doing my transactions anonymously, also the technology behind bitcoin is superbly configured using blockchain technology.
Lastly the monetary aspect of bitcoin is second to none, bitcoin can be used to trade, work for bitcoin, gambling, pay for goods and services e.t.c.
Lastly the monetary aspect of bitcoin is second to none, bitcoin can be used to trade, work for bitcoin, gambling, pay for goods and services e.t.c.
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.
There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
true, most of it is very interested in the very much paid from bitcoin. let alone in this forum. in addition, the users who from the beginning have invested must have gained a great profit.
I voted for technology where i like the concept of Blockchain technology where all the business towards blockchain technology .Preople started to believe peer to peer Network . More than this transparency Business using Decentralised database.
First, bitcoin has a lot of benefits and one thing i like about bitcoin is its anonymity, you can transfer funds to each other without any banks or government institutions looking into your account and getting you hard earned money, saying it should be taxed ot there are hidden fees. The second thing i like most is the technology, it is very secured yet so convenient to use, especially the wallets, and lastly bitcoin's volatility, i think everyone would agree that they are also into bitcoin because of its value, since it beats inflation and gives us more hope in achieving financial freedom.
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.
Well there's absolutely nothing the matter with the monetary gains being one's point of attraction to Bitcoin, someone has to be attracted by something anyway and on getting to know more about Bitcoin, might equally take to other attributes.Quote
There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
There you got it wrong by over generalizing that money is everything! As at 2013, the monetary reward from Bitcoin wasn't half as obvious or possible as it is today and most adopters then were looking for convenience and freedom without compromising security and no known financial system had that to offer until Bitcoin showed up. I was here first for the ideology and technology, but now also for the money! sr. member
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Bitcoin :open immutable decentralized global fair
To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.
The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.
The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.
Yup, Bitcoin is probably just under 1% adoption in population ..... could you imagine the shifts in the world if it reached 7% adoption in population!?
I adopted btc because of the money revenue potential it has. I dont have any special tallents or skills so btc is the only way i can provide for me and my family. Tehnology wise it is clear that decentralization is the future and i want to get a front ticket in this journey. I hope we could make it togheter and wont let anyone stop this wave of pure intelligence and wealth for everyone.
Me too. I also adopted bitcoin because financial constraints and it is the only and effective way to solve the financial difficulty. With so many uses of bitcoin i only focus to its potential to give you financial freedom.
i adopt bitcoins because of technology other countries are already accepted bitcoins as a form of money or as a paying material in every transactions. we must adopt it as soon as possible. that is only based on my own opinion.
I adopt the use of bitcoin because I am interested in the technology it has. I really like peer to peer, crypto, security. Besides, I'm tired of using credit and debit cards.
The time and era’s technology cannot be neglected because it is the need and if you ignore it so definitely you will suffer in future due to lack of knowledge of technology so, for me, it is very necessary to move with the needs of time. I am also seeing bitcoin an ideal currency because the decentralization feature of bitcoin is so favorable to people. It is very easy for people to manage everything like business, shopping etc. virtually through bitcoin.
Technology is one of the reason why adopt bitcoins. Because as of today our world is coping up in an era odf technological advancements and as a human we must adopt it for us not to be late in the future
The reason why I like bitcoins is because of this I'm making more money. not like my job that 8 hours a day and fix the income. With bitcoins you hold your time you'll make your money And no one will get mad at you if you make a mistake about what you will do. That's why I chose it. Right now I'm earning money and it's enough to eat three times a day.
I think my motivation is a combination between Ideology and Monetary. After the close call we had with the Banks causing a global economic crisis and the governments bailing them out with taxpayers money, I realized how fragile our financial system is and how much control Banks and Governments have over our money.
I wanted a method to store my wealth without having to include a centralized financial organization, like Banks. Bitcoin afforded me a way to bypass their control over my finances. ^smile^
I wanted a method to store my wealth without having to include a centralized financial organization, like Banks. Bitcoin afforded me a way to bypass their control over my finances. ^smile^
I adopted bitcoin because of technological and innovation that has emerge through bitcoin and blockchain technology generally. I have observed a huge charge by our traditional banking system especially if money is going to be sent to another country and the rigorous processes. But with bitcoin sending money is very easy.
once i know bitcoin, it did changes my life especially for the way to make money and i feel that bitcoin can be another source for me to have the money. actually i don't thinking too much when the first time i knew bitcoin, i only knew that from bitcoin we can make money and i don't imagine that now the money we can make is unlimited. and yes, now i can solve my financial problem by doing something in bitcoin, not just related with my life but with other people. in bitcoin, i am learning about sharing and teaching.
I agree. What really drives me into Bitcoin is the freedom over your finances (your bitcoins). Like they say, the only one that you can truly trust is yourself and by Bitcoin we do not need anyone who holds our bitcoins like bank since we can be a bank of ourself as long as you control and store you keys safely then that's it.
The ideology behind Bitcoin
So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.
Something like what John Holloway said, "Changing the world without taking power."
I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.
The technology behind Bitcoin
There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.
Technology is one of the major reasons for Bitcoin adoption.
Monetary
The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.
So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.
Edit: Added all of the above.
Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block
So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.
Something like what John Holloway said, "Changing the world without taking power."
I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.
The technology behind Bitcoin
There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.
Technology is one of the major reasons for Bitcoin adoption.
Monetary
The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.
So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.
Edit: Added all of the above.
Being honest I started using faucets then I started to research about crypto and saw an opportunity to get out of my country, I saw how volatile the market is, my initial funds was 5$ when BTC was at 900$, a few people helped me and now I have 0.06BTC and I think thats a huge gain but not enough to get out of here, Im from Venezuela and lots of young people here is trying to invest on cryptocurrencies that way in a few years the gains can me 30-100% easy and sometimes more, most young people wants to leave this country.. I dont have much tech knowledge about cryptocurrencies but I try to do my homework and learn enough to make safe investments and just wait.. Im a HODLER :-D so for me Bitcoin is an opportunity of life..
If any of you can and want to help me, please send whatever you want to
BTC: 1JxPzA3gWWXr6bVVcqkJvvAXvPKZB8bCf6
XVG: DJifijADaCoykKGgWrA9VTf6Zcbu95FPV3
ZEC: t1dcqUGTL62ysUgj1yXER3ZTMQEmk3iKLQJ
DGB: DEbxoLdH3iX54dCuG551rUeAdwCscBQjx3
ETH: 0x5abd0b56699073684f02eaf28fe89ddb19cbf0c1
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