Topic: Why do you want bitcoin to stay? (Read 662 times)

Bitcoin's procrastination is helping the initiative, and it's pumping incredibly high, earning popularity from people all around the world. This is a good time to buy more Bitcoin because the bull season is approaching. Everything has a cost; bitcoin is an active project that has achieved fame over the years; most disciplined and dedicated individuals are earning passive income from the comfort of their homes. Obtaining information is not a difficult endeavor, and income will finally be made within 1-3 years. Bitcoin aided me financially; I traded Bitcoin and waited patiently for my profits.

I don't think there is any other system for transactions as safe, reliable and fast as Bitcoin. I don't think there is any other system for investing as profitable and reliable as Bitcoin. Bitcoin is best not only for business but also for investment. We can invest in Bitcoin for long term. Which will later make us quite profitable. People who use other systems like PayPal or Neteller use different systems and if they compare Bitcoin with their system they will understand why Bitcoin is the best for business and investment. Bitcoin is also the best in international transactions. I always trade in Bitcoin because it is fast, reliable and profitable.  I invested in bitcoins which will make me quite profitable later on. And for these reasons I want to stay with Bitcoin.

Well, Bitcoin is the best way to reach financial freedom. Fortunately, it is a decentralized digital currency that means out funds are not controlled by any banks or governments and we are not forced to pay any high taxes and fees unlike FIAT. Simply, Bitcoin is helping us to completely change our lives in an effective way. It is easier now for poor people to improve their living conditions and have a good financial standing and despite all the consecutive attacks from the governments to break Bitcoin and cryptocurrencies but they have never gotten what they want, and Bitcoin id still on Top and it is progressing solidly. Also, the number of Bitcoiners is getting bigger.

Well the truth is that I want Bitcoin to stay because I'm making some money from it and aso earning a living through it as well.
On the other hand, one of the major reason I want Bitcoin to stay for as long as possible is the ease and possibilities of sending money across Nations swiftly with relatively very high rate above every other method of sending money across Nations.
And aiding the previous reason above, I think this is a general one and also one of the core purpose of Bitcoin which is it's decentralization and the ability of staying very private while transacting without having anyone tail you or question how money is been sent and received through you.

Why not? I don't know if you have heard how many people had already become millionaires due to BTC and how many lower class people had got an opportunity to grow instead of all bad economic situations and fuds. BTC has made people's life independent of local and fiat currency and they can do any transaction independently of middlemen like authorities and organizations. You should read about the origin of BTC which tells us why it was created. Back in 2008 due to the financial crisis of banks, the recession becomes out of control and all the money in fiat was useless and people are left with zero value in their hands and then Satoshi Nakamoto comes with this new idea of BTC.

Which was newer and people were not familiar with tech, especially with digital currency's value at that time. Like there was a dude on YT who was saying " plz buy BTC for god sake, just buy it, just for only 1$ dollars" Now he is a millionaire. BTC gave the ones with no money and property from their parents, an opportunity to become independent of them and independent of financial crisis. You can read a lot of threads related to how BTC made one's life independent of the financial crisis and provide them with financial freedom.

• Has anyone felt lost in pursuit of financial freedom ?
• What is your biggest obstacle to achieving financial freedom ?

You can find more, the thing is, why not back BTC up and to wish of its stays for 100 years because it will provide a hedge against inflation, and what i think, government is worried because BTC is based on POW and totally decentralized which fears them out and they know if BTC did not comply with AML then we have to make something for it so that it could comes under our laws and regulations and we could control it and it's users but that's not going to happen until it based on POW.

Nobody prays to see his investment go to ruin, so this is the first reason, secondly, I still want more people to benefit from Bitcoin investment and also have 100% profit from my investment also

If only I could turn back the hand's  of clock backwards to the early days when bitcoin was invented and airdropped for free, I could be at alert and online to constantly follow up with development about bitcoin so I could get grabs of large volume of bitcoin in my possession and hold till years to come. I could be very happy being amongst the first holders and early adopters of bitcoin.

Based on your question, bitcoin has distinguished itself from other coin existing on blockchain. It has created a niche for itself that can not be compared to the rest of the other coins.

Bitcoin has created financial freedom, bitcoin transactions are borderless, cheap transaction fees, you can convert it save your assets in bitcoin, etc. There are are a million and one reasons why I want bitcoin to stay.

Bitcoin, like any other form of investment, carries risks that must be considered before making a decision to invest money. It can also be a source of financial comfort, but only if you invest at the right time and on the right terms.
Regarding the regulation of bitcoin, there are currently a number of organizations and governments that are developing regulations in order to protect investors and ensure the proper functioning of the cryptocurrency market. However, due to the decentralized nature of bitcoin and other cryptocurrencies, the task of regulating their use and trade remains a challenge for governments and regulators.
If you want to invest in bitcoin or other cryptocurrencies, there are several steps you can take to protect your investment. First of all, you need to conduct research and refer to reliable and trusted sources of information to make sure that your decision is correct. In addition, you must be prepared for possible losses and not risk money that you cannot afford to lose.

Bitcoin gives financial comfort when you know the perfect time to invest and terminated the investment. It is a way to financial freedom for all but I want it to be better regulated so that people will have comfort in investing in the coin.

Ther is a certain swiftness that comes with bitcoin, being able to send money to someone at the other end of the world without any inconvenience, no one having to check on your runnings and finances, that something great for sure.

The world needs this, I need this and that's why I believe in it. Not just about the volatile nature of it or having to hold and it spakes profits in a few years, bitcoin has some real benefits aside from serving as an asset but, that's also great about the nature of the currency.

Some truth, its good having something above the reach of the government. 

Bitcoin gives opportunities to people who doesn't have much? How come?
Let's be real; investors are the ones who are making use of this industry because a capital is needed in order to move forward in this technology. Indeed there are things which would give you profit if you're an investor but that is not solely with Bitcoin. You may invest a small amount in Bitcoin but never expect high returns so I guess it contradicts the statement "gives to those who doesn't have much". Bitcoin will stay as a profitable asset for the following years as long as countries won't make a move to prohibit its usage. On the other hand, it is not being used as a currency or mode of payment by most of the people and view it as more beneficial as an investment.

as long as there is people who are giving value to bitcoin then bitcoi will always last. bitcoin gives opportunities to people who doesn't have much to move forward in life and that's what government cannot give to people, and seeing that opportunity, the government want to seize it and play monopoly since they didn't want others to seize it first or see others using it, or maybe they are the ones greedy and want to use it for themselves aside from worrying about the risks that may come.

Do they still see bitcoin as scam? after hearing and seeing so many people endulge in it and make money through It, they still see it as scam,then I believe they don't have knowledge about it,because if they did,they won't call it scam.If it were to be a scam,
Many people who are multi-milloneares today woundnt have gotten to that level they are if they didn' invest in Bitcoin as at that time that it wasn't this great.
It is my top most desire to see Bitcoin last forever because I know how I was before,and I know what have changed about me ever since I knew about Bitcoin and started investing in Bitcoin.

Hmm, Quite a relatable question with my current mood 😉 so many replies haha and maximum are quite similar to each other. Butcoin this like a package of many things as we call collectively our World Earth 🌍. We can say crypto, Payment System, Store of value, the revolution of the medium of exchange, and Our need all in one can be called Bitcoin. I am staying with Bitcoin because the future is clear with Bitcoin and I don't want to miss the opportunity to achieve my financial goals including independence in this trapped world Economy. Bitcoin and Bitcoin community is the hope for the next generations and I want to be remembered by my Kids in golden words as a person who cared about their Financial freedom and made up some efforts for it.

I don't give a damn if government are worried about Bitcoin or not, in as much as it remains secure and I could have total control over all my funds, because we all know that the only reason why government hates Bitcoin is simply because of it's decentralized system whereby they have no control over it, and yet it keeps skyrocketing, taking the lead of world's most preferred digital currency, due to the fact that it's borderless, fast and secure compared to our normally used fiat. 
I hope it never becomes too late when people who sees Bitcoin as scam today realised it was never a scam.

Well to be very honest government can stop you from using bitcoin if they really wanted too, But what I really believe is that even the government are probably using Bitcoins or something other coin to make transactions off the record.

OP just as it is to fiat, so it is to bitcoin. There are lots of reasons why one would want bitcoin to stay after having the first hand experience of how it works.

You see, as it may pleases you to know, these are the few key reasons why one would prefer bitcoin to stay

1. bitcoin gives you asses to you controlling your assets yourself. It is decentralized and void of any control from any quarters of the government or individual but only you control your bitcoin yourself.

2. While holding your bitcoin under your custody, the possibility of you making profit from holding as price plummet is 100% guaranteed.

3. While holding your bitcoin, there are no third party access to your assets.

4. Bitcoin transaction fee is miniut compared to the fiat banking system where the charges are exorbitant.

5.  Bitcoin transfer take no much time to getting to the destination or receiving wallet for which the transaction was initiated for.

6. The openness and transparency is second to non.

All I have said above are from my experience I have had since I got to know about bitcoin. You can also get more information on your topic  by doing your own research and the links below could help you.



https://www.bitcoin.com/get-started/the-benefits-of-bitcoin/


https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/benefits-of-cryptocurrency/#:~:text=Cryptocurrency%20offers%20a%20way%20for,get%20a%20traditional%20bank%20account.

there are some who just wanted bitcoin to thrive for the sake of profits although most of us here are aiming the same thing, it is not enough justification for someone wanting bitcoin to stay since withou people which is the actual market there is no such thing as existence of bitcoin.

i fully agree that fiat is something that makes the whole game become corrupted since it is not about the fiat, it is all about the people using it, and even if we hardly deny this fact, there are only few officials working that are actually willing to cast away profits and work towards things that needed immediate attention.

Good thing is no authority would be able to just seize Bitcoin itself since it is decentralized. The only worse possible thing that could potentially happen is get everyone behind the bars when others found out that they're holding Bitcoin or any forms of cryptocurrency.

Government alone would not be able to "Thanos Snap" Bitcoin. There would still be people out there that would be using VPN behind the scenes and also be able to trade locally. It's just not possible to clear out the swamp if it is everywhere anyway.

This is true. I don't get it why people are so into legalizing stuff while knowing that regulation would come around after that legalization. I mean it's a double-edged sword, don't you think?

Apart from the fact that its eases the stress of payment of things, it also a barrier breaker to many financial issues one would have experience in their fiat banks like for example the recent changes that occur in the banking system in my country that lead to massive upset in every corners of nation and its wasn't the same experience for me because of extra edge I had because of bitcoin and its definitely helped me because i didn't go to the banks to make any transaction as I can easily pay my bills and other necessity with my coins.