Topic: Why should people use Bitcoin? - page 10. (Read 122103 times)

Generally because people is embracing the technological world and they shouldn't just use it for entertainment and social purposes. Because Bitcoin was made to be a cryptocurrency, in short it is electronic currency, people should use it and learn it as one of the practical ways of using technology where there are also money circulating inside a massive code.

People use bitcoin for many reason.Cause bitcoins is much better than banks and other stuff for storing money, also it's much better than wester union for receiving/sending money at my opinion.

because bitcoin is trending today and not ends in that. bitcoin can compete in any currency it cost much higher value compare to regular currency, what good about bitcoin is you can access anytime anywhere as long as you got internet connections in computer, laptop, tablet, or mobile phones. another thing is, bitcoin holder are more secured from thief or persons who want to take advantage from innocent poeple what i'm saying is it is too risky to carry cash while you can use bitcoin in every transaction as payment, it is also tax free instead of paying taxes you can save it for your future.

You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated.

We should use and keep believing in bitcoin because who knows someday bitcoin will changes our life very much and on unexpected ways

Many have questioned how Bitcoin works, and stay away from it due to this uncertainty. Meanwhile, not 1 in 100 of them know how central banking works, but use it without question.

I think we need to use it as a payment method for decreasing the criminality in robbing or any,because if we put our money in bitcoin it already secured,and the other one is bitcoin has a fast transaction and its using block chain,so its so good to use.

Why use bitcoin? What are its benefits? Why is it better than cash or credit cards? We get asked these questions all the time so we thought we’d put together a quick list of five reasons why you, or anyone, will find bitcoin to be beneficial to have and use.

- It’s made for our generation

What we mean by that is bitcoin is made for the Internet-generation. We are quickly moving past the days of carrying around paper cash or pulling out your credit card. Bitcoin goes several steps further than the convenience of credit cards by equipping users with a payment option that is significantly lower in fees, provides virtually instantaneous transaction time, and is accessible through the dozens of bitcoin wallets.

On top of convenience, bitcoin offers credit card users freedom from the concerns of fraud, identity theft, and crippling interest rates. It’s no surprise that a recent report from Goldman Sachs discovered that 33% of millennials do not think they will need a bank account in 5 years.

- It’s fast, secure and global

Bitcoin doesn’t discriminate. You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated.  The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

- Bitcoin was designed with your privacy in mind

Our Block Explorer, along with other bitcoin block explorers, display the entire history of bitcoin transactions for all to see. Bitcoin transaction history can be searched by anyone with online access. At first glance, you might consider this level of transparency the opposite of private. In reality, it means that users can choose whether they want to be completely transparent with their finances or keep them very private.

The bitcoin protocol does not require people to identify themselves in order to transact though some businesses may need to for compliances reasons. Unlike a bank where people often have one or two accounts, you can create as many bitcoin wallets as you like.

- Bitcoin is not subject to inflation

The total number of bitcoins are capped at 21 million, which is different than other currencies. As the total number of dollars in circulation rises, this creates inflation. Inflation is where the value of your dollar for example, decreases over time due to an increasing supply. Bitcoin on the other hand is scarce and fungible, which gives it interesting properties.

-Bitcoin provides financial freedom

If you don’t have access to a bank account, you are part of the “unbanked.” Bitcoin can allow you to be your own bank. Bitcoin is simultaneously an open financial protocol and a currency required in order to transact freely on the protocol.

Bitcoin now is many uses, there are many transaction that accept bitcoin now,and many people use it as their payment especially in paying a bill, most of them are choosing to use it than to go to the store to pay some transaction.

On the basis of Trans Fast technology,Bitcoin is able to win the investors. Now we can purchase, handle,  invest and transfer within short moment from any place. This is fully out of traditional banking system which is very complex and noisy. Where there is internet, there is a access into Bitcoin. Its a very Simple Math! For this people should use Bitcoin.

Aside from the fact that Bitcoin could mean a business to its holder, it could also bring us convenience in terms of paying online services as well as sending money to your friends and relative. Bitcoin could also be the currency of the future and if that happens Bitcoin holders have a greater chance to earn higher profits from their Bitcoin investments.

People should use bitcoin because it is digital currency that makes our life more easy and in a very convenient way. I can transfer money that easy without going outside and traveling.

Yes , like in my case, i can now get the payment from a guy who live away from me 500000km with only a click and a few minutes .
That's really brilliant way to send your money. No long time waiting, no formality , no barrier . You can even do those transaction when you're pooping...

Bitcoin is a digital currency that some people and businesses are accepting as a form of payment, bitcoin is going to continue to reach new all time highs.

In the Bitcoin network it is possible to make multi-million dollar transaction and you do not need to access your real data.

I can say the reason for people who cares about their wealth and not agree to pay taxes to government. Bitcoin open new opportunites and making us more free.

People have to use Bitcoin because Bitcoin is the easiest way to get the money from Bitcoin that people can relax and instantly get the money they want and send it to a person, so Bitcoini should be used by everyone and it should be legalized by all countries.

Bitcoin is a new way to make an easy transactions such as paying bills, sending money to our loved ones and buying things online. Most countries now are accepting Bitcoin, so it is very useful. Hope many people will use bitcoin.

The bitcoin is an easier payment network and it is fast transaction. decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous.

One reason is what you've said, because bitcoin is the future money. People should also use bitcoin so they will experience freedom and it is also convenient. They will definitely have a better experience like never before. Bitcoin can also change someone's life, if used correctly because personally it helped me a lot finnancially and educationally.