Why do you buy bitcoin? | Bitcointalksearch.org

marcus_of_augustus

legendary

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Eadem mutata resurgo

Quote

I like the idea that I'm able to send money to anyone anywhere in the world instantly without going through 5 corporate middlemen who could freeze my money at any time.

You actually are against the guvenmint ... you just haven't connected enough dots to know it yet.

EDIT: my reason for buying bitcoins ... "It just feels right".

Crypt_Current

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Shame on everything; regret nothing.

does mining count?

jonitas

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Here in Brazil it's not that easy to buy gold, so instead I started to acquire bitcoin as a way to protect my savings against inflation. Now I find it to have some advantages to gold: it's much easier to transfer, you can buy and sell 24/7, no counterfeited coins, not possible to prohibit, no storage costs. Because of this i find bitcoin to be very undervalued compared to gold.

MadSweeney

full member

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I buy bitcoins partly as part of a scheme to provide alternatives to established payment and money transfer systems. To do that, I run a small exchange service and provide some liquidity to local bitcoin users.

The economy of my country is supported in a large part by remittances from overseas foreign workers, and it is in this area that bitcoin has a most obvious utility. However, I see that some local freelancers are now taking btc for payment, and I'm glad that I get to exchange their btc to pesos.

It is my hope that more local freelancers, most especially artisans, take advantage of btc as a payment method. This could also make the value of bitcoin appreciate.

Melbustus

legendary

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Because bitcoin is the best money.

evolve

hero member

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daytrader/superhero

To sell it for a higher price.

yogi

legendary

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Hamster ate my bitcoin

For me, bitcoin presents an opportunity to escape from the strangle hold of the international banking systems.

oakpacific

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What about bragging rights? To your children/friends:" I was part of the whole revolution, I saw history unfolding right in front of me, and I can sign a message to prove it." Wink

Qoheleth

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Spurn wild goose chases. Seek that which endures.

I think the blockchain technology has significant advantages over other clearinghouse technologies. This gives me long-term confidence in BTC as a currency which has nothing to do with its current price movements, or aversion to fiat, or anything like that.

Technically, I suppose this falls under the "investment" option, but saying that you're buying and holding something "because it's part of your investment portfolio" is like saying you like lasagna "because it's tasty". Not really useful information on why you think it's worth the investment to begin with.

vdragon

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Seemed interesting idea at a time, it grew to a full time obsesion Cheesy

johnyj

legendary

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Beyond Imagination

Quote from: edd on February 15, 2013, 04:56:12 PM

None of the reasons I use BTC are listed.

For idealogical reasons. (I like being in control of my own money.)
To send money anywhere in the world quicker and cheaper than ever before. (as mccorvic mentioned.)
I bought my first bitcoins for $1 each. If I had bought more, I'd be rich.

Ok, added your reasons

edd

donator

Activity: 1414

Merit: 1002

None of the reasons I use BTC are listed.

For idealogical reasons. (I like being in control of my own money.)
To send money anywhere in the world quicker and cheaper than ever before. (as mccorvic mentioned.)
I bought my first bitcoins for $1 each. If I had bought more, I'd be rich.

mccorvic

hero member

Activity: 518

Merit: 500

Because internet money (also the nerdiest thing deadweasel mentioned Cheesy

)

I'm not really worried about da guvernmint which puts me in the minority on these forums and I think that when people make that their first talking point it actually does BTC more harm than good.

I like the idea that I'm able to send money to anyone anywhere in the world instantly without going through 5 corporate middlemen who could freeze my money at any time.

zoinky

hero member

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Web Developer

Hobby.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: johnyj on February 15, 2013, 04:39:58 PM

If there are any other reasons, please post them here

Other than what?

I buy because I hope to be part of freeing money from governments. I also buy because I hope to make 10x on my money by speculating on a possible future currency.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

If there are any other reasons, please post them here

Topic: Why do you buy bitcoin? (Read 1180 times)