Why do we need bitcoin in the modern world? - page 11.

pinoyden

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Quote from: BagzMM on December 04, 2018, 08:36:16 PM

I think it is because technology keeps advancing. We need apply e currency for faster, easier and convenient transactions.

Exactly . we are now on a modern world , that is why we also need to go with the flow . bitcoin or cryptocurrency in general is the most suitable payment system to be used on it because cryptos are the most advance so far between other's out there but we arent also forced to used them because there is no rules so far that restricts the use of local currencries .

Fiats on the other hand wont ever be vanished because they are still the most legal payment system even if we say that we are now on the future .

bromsgrove

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Because freedom controls it, freedom defines it's value, whereas not some corrupt power.

dothebeats

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The 'need' to own bitcoin is often narrowed down to the 'need' to profit and take advantage of the hype, and that is talking about the current mindset for people who are using bitcoin. We don't necessarily need to use cryptocurrencies in paying for whatever it is that needs to get paid--fiat can do just that. What we need from bitcoin is to deviate from the current financial system and save ourselves from the chains of the governments and the banks and their watchful eyes on our finances and everything. Unfortunately though, we only see it as an investment tool nowadays, nothing more.

BagzMM

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I think it is because technology keeps advancing. We need apply e currency for faster, easier and convenient transactions.

julius caesar

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Quote from: strannik1998187 on December 04, 2018, 01:59:21 PM

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.

For me basically technology is innovating for us to sustain more convenient and sustainable unlike in the prior generation it take time too long before you can able to proceed to your certain task and technology makes things better it makes progression faster than the usual which help us to gain more and to become skillful in what do we have today, bitcoin on the other hand makes transaction faster and innovative.

lisenfisen2x

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Quote from: Dexion on December 04, 2018, 06:37:38 PM

because BTC promises, profitable, very safe, and cannot affected by the global economic crisis, inflation or deflation. BTC stands alone without controlled by the group.

and of course, BTC transactions can help our lives.

LOL.

Bitcoin safe? Well just look at all the hacked exchanges.
Profitable? Yes and no. I dont think people that bought bitcoin a year ago dont was so happy this year. Like 60% down since december last year.
Yes it can be effected by global crisis. When people dotn have money for food, they wont put the last dollar in exhange Tongue

Inflation/deflation is exactly what it is. When everyone wants to invet, the price goes up. When everyone wants to sell the price goes down and you are fucked.
Its the ppeople thats controlls it, and the peole is directley controlled by the real world so also yes, bitcoin is by third party controlled.

hadveach

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yes, because we cannot live with a primitive transaction, bad and unsatisfactory transaction method. we need innovation, it's not about simple and easy, but it's about economics, until today, the free market monopoly only makes our lives difficult.

and BTC comes with great value benefits.

lisenfisen2x

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We dont.

Read all this bullshit like " government and banks cant controll bitcoin" bla bla bla. YES THEY CAN. and they do. For example i was a seller on localbitcoin. My bank, wich is the biggest in sweden, started to wonder where all the money came from. I bought bitcoin at bitstamp and sold for profit on localbitcoin. And i explained that to the bank. They said they would freeze my account if i continued. I stoped.

There are many other sellers that have actually had their account closed since bank dont allow anything with bitcoin. Thats all it takes for you to see who is actually in controll.

Also bitcoin can really suck. Just recently i lost 40% over a few days. Sure it can go the other way also but having a currency unstable as bitcoin is not a good thing. Can you belive if your 100 dollar bill would only be worth 50 dollar at the end of the week? Would not work.

For me, bitcoin is for high risk traders and criminals. Paying with bitcoin in store? Come on just use your fucking card.

But, im still in since i make oney on this, please check my offer on paxful.com/offer/VJKm3VWrVoj

Indrawan77

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Because bitcoin offer something new and useful for us, there are a lot of advantages using bitcoin, the decentralisation gives us freedom to do transaction without being supervised, the fast and efficient transaction between countries, beside that bitcoin could act as investment and currency, bitcoin could be the new way of doing transaction

creeps

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We don’t have to live with a poor financial services forever, and now that bitcoin is invented we realize that this kind of technology is really what we need. Bitcoin is the solution to our financial system problem, its technology will allow us to do more things far beyond our expectation.

Bitcoin is also a great investment, that is why many investors loves this technology because they earn more profit here compare to the usual investment market. I hope, everyone will realize this thing and government should not prevent this one, as we are growing so fast every year in terms of developing new technology.

mrcash02

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You present a counterpoint. While some people enjoy using it to pay for dinners and houses, others see in Bitcoin a way to make profit, selling it more expensive than they bought. If people are using BTC for these reasons, it's because they need it on their individuality, and fiat wasn't fulfilling their expectations and personal needs.

It's hard to say why we need Bitcoin in the modern world, because each person has their own personal reasons. But on general it's like asking why do we need money in the modern world... Bitcoin is just money, with some extra advantages decentralization and technology give us.

jcmansah7

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Bitcoin is needed to enhance faster transactions with regards to payment and also to reduce the cost of transaction fees. Many business personnel complain about the high fees that are charged anytime they make any payment order throuhg Central Banks. payment with the use of bitcoin is faster and cost less.

Dexion

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because BTC promises, profitable, very safe, and cannot affected by the global economic crisis, inflation or deflation. BTC stands alone without controlled by the group.

and of course, BTC transactions can help our lives.

abojamal

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Quote from: eddie13 on December 04, 2018, 02:59:23 PM

People don't "need" bitcoin to pay for dinners and houses, or to make a profit.

People "need" Bitcoin to resist tyranny and oppression as it is an unstoppable tool of liberty.

Who said these two goals do not agree?
Bitcoin will be a tool to spend and store a good value
We will use it in our daily lives, and it have better advantages than Fiat
As well as to achieve freedom and to rid ourselves of domination and monopoly.

olubams

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Quote from: strannik1998187 on December 04, 2018, 01:59:21 PM

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.

The advantages of crypto currency is something multi faceted in that, irrespective of the objective you intend to achieve, you are covered. This means that whether you want to use it for real estate or in a dinar to pay your bills, you are welcome. Its simply using it as a means of exchange. On the other hand, if you want to meet your need as a store of value, the your needs are equally covered. Its that simple.

Peacemaker1994

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People have there only different desire and use of bitcoin. Some are just investors that see bitcoin as a good deal to invest there are money and make profit from sales others uses it for transcation purposes.

HODL2090

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If I am to address the topic, and the question it asks, bitcoin gives people a different view of money from what we have become familiar with.

And it creates a world of possibilities, where people can anonymously own and transact without the need of an intermediate agency.

It takes so many forms right now, investment, store of value, speculative tool and others.

Bitcoinnation

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Quote from: strannik1998187 on December 04, 2018, 01:59:21 PM

However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins.

Most people are still ignorant about bitcoin and how it works. It's adoption will take a while otherwise this bitcoin/crypto trading you are talking about has been a round for sometime in form of Forex trading in fiat currencies digitally.
In this case we trade currencies in digital form too so I don't understand why you would say that people fear storing their money in digital form.

kingpin4321

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From the title I was thinking this is a question that probably needs an answers but the post itself was far from that.

Well if I must add the world is fast evolving and individuals are always craving for new things, technology, fashion ideas and so much more

Bitcoin is sure not going to save the world but it would be helpful In making transactions more stress free, affordable and within a short time

eddie13

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BTC or BUST

People don't "need" bitcoin to pay for dinners and houses, or to make a profit.

People "need" Bitcoin to resist tyranny and oppression as it is an unstoppable tool of liberty.

Topic: Why do we need bitcoin in the modern world? - page 11. (Read 2202 times)