Why we must trust with bitcoin? | Bitcointalksearch.org

lisa255

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Quote from: ISOKID on November 06, 2016, 12:29:31 AM

Quote from: Zigsss on October 24, 2016, 08:08:56 AM

Its good to trust bitcoin but we cannot afford to trust it blindly by putting all our money into it, as no one is clear about its future, and if something goes wrong with it then we may loose all our money.

yes i agree with you, do not be too put full confidence in the future of bitcoin. we should be like water flowing is. we do not know the future. so let's not put our wealth entirely to bitcoin too much. let's look at both the current bitcoin trip. so there will be no regrets in the end.

good investor will not trust anything blindly. And Bitcoins need to be especially careful. Always follow the news and course

ISOKID

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Quote from: Zigsss on October 24, 2016, 08:08:56 AM

Its good to trust bitcoin but we cannot afford to trust it blindly by putting all our money into it, as no one is clear about its future, and if something goes wrong with it then we may loose all our money.

yes i agree with you, do not be too put full confidence in the future of bitcoin. we should be like water flowing is. we do not know the future. so let's not put our wealth entirely to bitcoin too much. let's look at both the current bitcoin trip. so there will be no regrets in the end.

bitcoincash16

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Quote from: Harlot on October 24, 2016, 09:44:53 AM

Quote from: bitcoincash16 on October 24, 2016, 08:04:56 AM

I trust bitcoin because I trust maths.

Can you elaborate more on what you have said? I know bitcoin exist because of 1s and 0s, But its more than that to make you trust Bitcoin. Even though it has numbers on it, it does not make me trust something. For example I don't trust any mining site as they still don't have any proof of such a company exist. But I trust Bitcoin not only because of its price but also because of its acceptance from big businesses.

What I meant is that I trust the bitcoin structure, it is worth it. What I don't trust is the use some people are making out of it (scams and mining sites, as you said). I admit that there is still much work to do on bitcoin, much more to discover. I didn't mean that I trust the system that was built over btc completely.

deisik

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Quote from: Harlot on October 24, 2016, 09:44:53 AM

Quote from: bitcoincash16 on October 24, 2016, 08:04:56 AM

I trust bitcoin because I trust maths.

Can you elaborate more on what you have said? I know bitcoin exist because of 1s and 0s, But its more than that to make you trust Bitcoin. Even though it has numbers on it, it does not make me trust something. For example I don't trust any mining site as they still don't have any proof of such a company exist. But I trust Bitcoin not only because of its price but also because of its acceptance from big businesses.

Most likely, people trust in Bitcoin because its total supply of coins is limited to 21M coins by the algo of the Bitcoin protocol. Thereby these people believe that no one will be able to arbitrarily inject into the system new money beyond what is hard coded in Bitcoin and by doing this inflate the coin...

Personally, I wouldn't put so much trust in that, but this is just me

Harlot

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Quote from: bitcoincash16 on October 24, 2016, 08:04:56 AM

I trust bitcoin because I trust maths.

Can you elaborate more on what you have said? I know bitcoin exist because of 1s and 0s, But its more than that to make you trust Bitcoin. Even though it has numbers on it, it does not make me trust something. For example I don't trust any mining site as they still don't have any proof of such a company exist. But I trust Bitcoin not only because of its price but also because of its acceptance from big businesses.

Zigsss

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Its good to trust bitcoin but we cannot afford to trust it blindly by putting all our money into it, as no one is clear about its future, and if something goes wrong with it then we may loose all our money.

Viakor

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I agree with you . in the future we will use all things related to technology. and bitcoin is one of the things that is very dedicated to the future.
the ease and speed of bitcoin will make it more widely used by people. bitcoin confidence will increase.

bitcoincash16

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I trust bitcoin because I trust maths.

susila_bai

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Quote from: ?? on ??

Quote from: sempak on September 30, 2016, 08:42:59 AM

it's your choice. Now bitcoin has been growing very rapidly. bitcoin user growth increased sharply in some countries.
has no doubt that bitcoin has advantages compared with other financial payment media.

Well we really need to trust bitcoin because if we are not going to trust it then you are not going to believe on the benefits that can be made by bitcoin. So I would say that let's just keep on trusting bitcoin for it is going to give us good benefits in the future and not just in future but also today if you are able to hold it earlier.

Not only for the benefits but also that the bitcoin technology is fully secured and it is decentralized so no one is their to control it everyone has its share.

jonahmarieaton101

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Why i must trust with bitcoin? As my overview, you joined to bitcoin because you trust bitcoin. Bitcoin become more bigger and progressive, so what's the point of joining bitcoin if you don't trust it? We must to trust bitcoin because we used it everyday and also when we have to do some transactions. Bitcoin become more progressive because of the trust of the users.

Milkduds

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You make some grand plans for bitcoin that are close to planning to win the lottery,lower the expectations and concentrate more on the foundation of bitcoin. The stronger the base the longer bitcoin will have a successful ride,if you where to judge by a lot of the posters you would think bitcoin could face the death of say the sony walkman due to everyone wanting to profit,rather than establish bitcoin.

Mass adoption will not happen because there is a large segment that do not participate in using the internet. So without them even wanting to get on the net,we have a large segment that will not be reached pretty much ever.

salsa321

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Substantiate your success.

i have a dream,bitcoin belong universal currency in the world and placed at stock market

i'm sure it will be worth

anyone agree with me?

sempak

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it's your choice. Now bitcoin has been growing very rapidly. bitcoin user growth increased sharply in some countries.
has no doubt that bitcoin has advantages compared with other financial payment media.

Harlot

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Quote from: randy8777 on September 30, 2016, 08:29:58 AM

Quote from: goldcoinminer on September 30, 2016, 07:22:51 AM

Quote from: dharkmadder on September 30, 2016, 05:59:02 AM

I think everyone who understands it enough knows trust is not the main thing, Because the network is not based on anyone and therefore you don't need to trust a central authority with your money and that's the concept IMO. Trust is not needed but just knowing it works Wink

If we are talking of the security nothing beat bitcoin even banks but with the market that is the real problem because if we will not continue to support bitcoin it might not continue its progress and we will lose our investment.

as long as there is fresh incoming money that keeps the price at current levels, and bring it even higher, then miners have more incentive to keep mining and adding hashpower to the network, and thus it becomes stronger and stronger all the time.

I think what OP means "being part of our life" is when do we accept Bitcoin for long term and now a temporary solution to our extran earning or kind of payment. Im being Optimistic but I think Bitcoin in terms of being its price now will go down because of new altcoins coming in the market it's just a matter of time and mix of right promotion to replace Bitcoin as a leader in cryptocurrency.

randy8777

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Quote from: goldcoinminer on September 30, 2016, 07:22:51 AM

Quote from: dharkmadder on September 30, 2016, 05:59:02 AM

I think everyone who understands it enough knows trust is not the main thing, Because the network is not based on anyone and therefore you don't need to trust a central authority with your money and that's the concept IMO. Trust is not needed but just knowing it works Wink

If we are talking of the security nothing beat bitcoin even banks but with the market that is the real problem because if we will not continue to support bitcoin it might not continue its progress and we will lose our investment.

as long as there is fresh incoming money that keeps the price at current levels, and bring it even higher, then miners have more incentive to keep mining and adding hashpower to the network, and thus it becomes stronger and stronger all the time.

goldcoinminer

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Quote from: dharkmadder on September 30, 2016, 05:59:02 AM

I think everyone who understands it enough knows trust is not the main thing, Because the network is not based on anyone and therefore you don't need to trust a central authority with your money and that's the concept IMO. Trust is not needed but just knowing it works Wink

If we are talking of the security nothing beat bitcoin even banks but with the market that is the real problem because if we will not continue to support bitcoin it might not continue its progress and we will lose our investment.

dharkmadder

member

Activity: 112

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I think everyone who understands it enough knows trust is not the main thing, Because the network is not based on anyone and therefore you don't need to trust a central authority with your money and that's the concept IMO. Trust is not needed but just knowing it works Wink

Catmony

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You should trust bitcoin to not miss another ticket to train ride of bitcoin going over 10x of its current value like it have done in last few years. Using bitcoin also make your storage of wealth secure and anonymous.

J Gambler

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Quote from: salsa321 on August 09, 2016, 03:24:29 AM

Remembered bitcoin is first and mostly anonymous virtual money,also now investor choosed bitcoin become best asset for invest,until when we must trusted bitcoin become part our life?

we might trust bitcoin whetherei it is anonymous or virtual money we use bitcoin daily
and we uses it for investing trading and many more activities like gambling also \
the best part of bitcoin is where you can earned it for free and without investing.

Altynbekova

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If you trust bitcoin or not is your own decision. But before you invest into it try to reseach it and build up your own opinion on if you can trust it or not.
Me myself I trust it and I have got quite alot of money in it, still though anything can happen and anything remains a risk.

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