Topic: Why should people use Bitcoin? - page 148. (Read 122125 times)

I think has a lot of people who became rich because bitcoin. to create a solid plan, and also financial support, bitcoin will really give full support to make a lot of money, but it's what you do without hesitation. although it is difficult, but to be rich, you do not need to win a lottery, but you just have to keep trying, because the business never betray results will be obtained. many advantages in using bitcoin, so I think people should start using bitcoin.

You can't become instantly rich with anything, unless you rob a bank or get a lottery.
It's very long process to recognize some business opportunity, join, invest and wait for the right time to cash out.
Yes, there is no taxes with bitcoin but you can't buy house or car with bitcoin.
So, what you can do?
You will have to exchange btc funds to your local currency and, at that moment, you have no choice but to pay your taxes.

I would say to get instantly rich if you buy it at the right time and you exit at the right time. Plus you don't even need to pay any taxes on it, so need to create off shore companies to save your taxes. The transactions are highly secured and most importantly your privacy is secured. No one will ever know who traded with who and this is the best feature ever of Bitcoin. It is limited in quantity so it's bound to rise and rise only.

Because bitcoin is so hassle free it is just a bank that is your money is growing and that bank or online wallets is just free when you create and you can monitor your money send and receive and even the withdrawal is instant and the fee is so low. Bitcoin became more useful nowadays in the society so people should use bitcoin because it is useful and make life easier.

Bitcoin is now a days only useful for huge transaction because for less amount it will take relatively higher fees. So i think bitcoin is not everybody's cup of tea now only rich could afford to use it with transaction of about minimum $10

Agree Bitcoin is the future of money because it continually earns value.

People should use it because as the months and years go on, it'll be obvious that it continually simply earns more value.

Bitcoin has solved the money problem for all our lives, as it is a savings account THAT ACTUALLY WORKS TO SAVE!

It does a better job than stocks, than gold, than real estate, than bonds.

There will never be another Altcoin that can beat Bitcoin because the full combination of all these in one; that it remains scarce/limited in supply, remains decentralized via small blocks/PoW, & immutable, & has been established for many years. EVEN IF an altcoin comes out thats more limited, with smaller blocks for more decentralization, same characteristics, it'll never beat Bitcoin because the world would not trust the individual or organization of the fairness of that altcoin's "premine" and has no established track record. Satoshi died in 2014 along with his private keys.
The great thing is, even the paid shills who spread bad agenda outside and inside this forum will recognize this, and will understand that even for their own financial survival, its best they sell their fiat and buy and hold bitcoin.

Bitcoin will continue to be the best store of value on the planet.
Because bitcoin has emerged as the undisputed king of store of value asset, there is no better way in the world to beat rising costs of rent, education, traveling, healtchare, etc.

Fiat (currencies) meanwhile have been relative trash buying less and less goods and services as years go on.
As long as Bitcoin remains scarce/limited in supply, remains decentralized via small blocks/PoW, & immutable, Bitcoin will continue to be the best store of value on the planet.

If anyone reads this and wants to understand the dynamics of why this is, please read this post titled: "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310

I think that they at least have to be open to the possibility of trying BTC,they don't have to use it but they have to make their choice.That's not the case right now as many people either don't know exactly what BTC is or have been given information which is not exactly correct and they haven't even considered using BTC.As to why they should use it,the biggest advantage of BTC is the flexibility it gives you-you can transfer any cash anywhere in a relatively short period of time without going trough third party

In my opinion the phrase the future of money directly indicating that  what the bitcoin will be in future .
No doubt that​ Currently the bitcoin have many advantage over any other type of currency but here we should keep in mind that the future of the bitcoin will be More better then what in the current time .
Here currently the main reason to use bitcoin is it simplicity of earning money .
Because earlier I was wandering in my field for earning but this field proves the best for me to make earning .
Due this this earning reason I am using the bitcoin more .
Because in small transactions I can do everything with my bank mobile banking Service but I can make earning only with bitcoin in better way .

How can you say the it is just a small problem. Did you know that if the time of confirmation will be longer then it will make other users of bitcoin uncomfortable in doing transaction because they might think that it will not be fully sent so they will find another coin that has a great network and faster confirmation time rather than bitcoin. If this 'small' problem is not fixed soon then it will be a threat for sure for the investors or users of bitcoin.

Indeed this is now the main issue in the transaction confirmation is bitcoin. Where if we aren't exactly sending or making transactions, the confirmation is done by bitcoin takes a long time. But that all is not a problem if it's in the transaction beneficiary does not need or wait for confirmation. It's only a small problem, because if you give a high transaction costs then it can confirm in no time. So, it is better you focus on what you're working on in the bitcoin. Because it's much more profitable
 

People need to have more R E S P E C T for money and therefore they need to eqiup on oneself and spend it only on good things for the envoirment in a intellectual and broader way than a consuming debtdriven system as it is today mkay

people would use money more wise if they had 2 handle it like a cryptocoin.....sure, some people still need help and services....but the money and definition by know, has gone the wrong way

Because Bitcoin fit for use in future investments, is not every year Bitcoin prices always go up.

As said a single wallet address is more than enough to make very big volume transactions which is not possible through banks. If a big volume transaction is made through banks then we has too pay more than half the volume of amount as tax. Upon the requirements people need to use rather than using on one's suggestion.

People should use bitcoin if they want hassle free transactions. Unlike fiat money, you need to have a bank account, credit card or money transfer companies in order to send money to someone else. While with bitcoin, you just need to make a wallet address.

People should use Bitcoin only if they have no other methods of paying someone. I like to think of Bitcoin as a digital collectible item that gets more valuable over time. When people spend Bitcoin and complain that they missed a huge pump the joke is really on them because they shouldn't be using Bitcoin to purchase a item online.
There's different methods of paying someone online and Bitcoin should be used as a last resort especially when the price is flying all over the charts.

A lot of reasons.

People shouldn't trust fiat especcially when it is obvious that a collapse is happening soon. There is really no way that fiat is going to be around in, say 100 years or even 50 years for the sake of the discussion.

Whilst bitcoin will always be here, because it is decentralied.

Nobody can abuse it. Nobody can just run a printer overnight and wake up with a ton of bitcoins.

That only applies to exchange sites. If you were to send btc from wallet to wallet it is pretty easy to verify the amount sent, and no way for the "buyer/seller" to get a refund. The fee is also exchange sites and not the currency itself. This goes for all currencies, if you want to exchange lets say USD to Euro, there is an exchange fee. or if you want to wire money from bank to bank there is also a fee.

just saying..

well, bitcoin transaction is very low but not zero. and if you decide to transfer huge amount you'll have to pay higher fee to complete the transaction. otherwise it could be failed.
and your other points are valid. bitcoin have some solid features which can replace real money but not so fast.

bitcoin provides several unique features that it is anonymous and transaction costs are very low (close to 0) also bitcoin is not controlled by any government or agency. as a currency the bitcoin can be used as a means of payment and as an investment like gold only more at risk.

Hey magneto you talking about the government as a whole if its like the baddest organization ran by corrupt people. What are you even opposing about? Taxes? Remember that Taxes exist because it is not only needed by the government but also it is their funds to run a country remember "Lifeblood Theory".  Now imagine if all people in that country took your advice and use Bitcoin to oppose their government so that they remain anonymous in their transactions what do you think will happen to their national income? Of course it would drop, that country will enter into a depression in which they are force to sell private property of their citizens which they can do for the well being of the country. Well it is just one of the solutions I imagine a government is willing to take if that scenario happens.