Why we must trust with bitcoin? - page 12.

Sithara007

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Quote from: tygeade on September 04, 2016, 09:48:35 AM

Quote from: Sithara007 on September 04, 2016, 09:46:15 AM

Bitcoin is the original crypto-currency, and therefore I believe in BTC. Other alts such as Ethereum and Litecoin are just copycats. Some of them may be technologically superior to altcoin, but Satoshi Nakamoto was the first person to have invented the idea of a digital currency, and therefore we must continue supporting BTC over the alts.

We will surely support btc now and even in future but we should not forget the fact that there are many potential alts available that can give us good profits in quick time, and we should grab benefits from both of them.

I have done my bit of trading and I must warn others about the potential risks involved. Most of the alts are of the pump and dump types, and if you invest in them at the wrong time, then your capital might vanish in to the thin air.

tygeade

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Quote from: Sithara007 on September 04, 2016, 09:46:15 AM

Bitcoin is the original crypto-currency, and therefore I believe in BTC. Other alts such as Ethereum and Litecoin are just copycats. Some of them may be technologically superior to altcoin, but Satoshi Nakamoto was the first person to have invented the idea of a digital currency, and therefore we must continue supporting BTC over the alts.

We will surely support btc now and even in future but we should not forget the fact that there are many potential alts available that can give us good profits in quick time, and we should grab benefits from both of them.

Sithara007

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Bitcoin is the original crypto-currency, and therefore I believe in BTC. Other alts such as Ethereum and Litecoin are just copycats. Some of them may be technologically superior to altcoin, but Satoshi Nakamoto was the first person to have invented the idea of a digital currency, and therefore we must continue supporting BTC over the alts.

PuraPuraBego

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Cause bitcoin is digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. This are future Cheesy

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Quote from: Snorek on August 28, 2016, 09:39:53 PM

Quote from: bitsoldiers on August 26, 2016, 06:55:37 PM

its sustainability and tight security.....safety and reliability....

From the technical point of view you are right. But that was never much of an issue with bitcoin anyway. The problem are people who are scared of new creations.
They treat bitcoin as house of cards which can collapse at any moment, not like serious economic force and one of the most valuable assets you can own right now.
Educate people, change their mentality and we will have rock solid crypto economic ecosystem.

Precisely , I was also like this before afraid to enter about the bitcoin industry because i always think that it can go down easily tomorrow but i was wrong. Educating he person really will bring out the doubts and might able to convince them.

terman45x

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Quote from: jak3 on September 03, 2016, 12:20:38 PM

We can trust in bitcoin becae no body is controllin o money when they are in wallet, there are only fixed amount of bitcoin runnig in th network, you get milltry grade security for each of your coin and you stay hidden even if you transacted over 10000$ with btcoin

Yeah bitcoin provides great level of security and privacy to its users and that is the reason people are attracted towards it and we should trust it as its gonna be best currency in future.

michelle1845

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We have to trust Bitcoin because, from what I see, it's already a stable and worldwide cryptocurrency, used by a great community and supported by different marketplaces.

jak3

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We can trust in bitcoin becae no body is controllin o money when they are in wallet, there are only fixed amount of bitcoin runnig in th network, you get milltry grade security for each of your coin and you stay hidden even if you transacted over 10000$ with btcoin

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Quote from: Mastsetad on September 03, 2016, 11:56:22 AM

Quote from: Dwelach on September 01, 2016, 03:34:55 AM

I don't really get what you are trying to ask.. the reason why we should trust bitcoin? Why not..you know the risks attached to it and how it works so how much trust you put into it is your decision.

Exactly, no one is forcing you to trust bitcoin nor it is must but it depends on you if you trust it to be adopted or not, if you do then just join the community and keep rolling with others and if you don't just leave the road and find another path for yourself.

Yeah no one is forcing anyone to use bitcoin, if you are comfortable and have faith in it then you can use it for find some other place for making an investment.

Mastsetad

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Quote from: Dwelach on September 01, 2016, 03:34:55 AM

I don't really get what you are trying to ask.. the reason why we should trust bitcoin? Why not..you know the risks attached to it and how it works so how much trust you put into it is your decision.

Exactly, no one is forcing you to trust bitcoin nor it is must but it depends on you if you trust it to be adopted or not, if you do then just join the community and keep rolling with others and if you don't just leave the road and find another path for yourself.

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Quote from: ronaldo40 on September 01, 2016, 02:59:54 AM

we must believe with bitcoin, but do not too believe, like putting all the money in bitcoin, because it is too risky. anything can happen, such as hackers or risk losing more. believe it appropriately and put enough money.

indeed that was obviously true that all bitcoin user could lost all their bitcoin anytime with many way such as got hacked or got scammed however i think some of us has already all in for bitcoin with putting all their money to bitcoin even though they were know the risk but i have to say that every acts must have their own risk and there is no guarantee 100% safe in bitcoin world

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Quote from: BitHodler on September 03, 2016, 08:26:39 AM

Quote from: Corenin on September 03, 2016, 08:16:15 AM

Quote from: avikz on September 03, 2016, 08:03:24 AM

We can trust that bitcoin can change the way of life for us. Bitcoin has the potential to grow huge in coming 5-7 years. So try to save more and more bitcoin and your hard work will pay off one day for sure.

I am planning to buy a superbike of Ducati in future and I truly believe that bitcoin will surely help me to achieve that.

There is no doubt that bitcoin has a great future ahead and it will offer even more benefits to us, and its also an investment that we can trust on that it will give us good returns in future.

I also believe Bitcoin has a good future, but what gives you the impression/trust that you can gain decent profits in the future? There are no guarantees in life.

Yeah future is unpredictable and anything can happen with bitcoins, but as a users of bitcoins I think we should think positively about bitcoins that it will be the best currency in future holding really good price.

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Quote from: Corenin on September 03, 2016, 08:16:15 AM

Quote from: avikz on September 03, 2016, 08:03:24 AM

We can trust that bitcoin can change the way of life for us. Bitcoin has the potential to grow huge in coming 5-7 years. So try to save more and more bitcoin and your hard work will pay off one day for sure.

I am planning to buy a superbike of Ducati in future and I truly believe that bitcoin will surely help me to achieve that.

There is no doubt that bitcoin has a great future ahead and it will offer even more benefits to us, and its also an investment that we can trust on that it will give us good returns in future.

I also believe Bitcoin has a good future, but what gives you the impression/trust that you can gain decent profits in the future? There are no guarantees in life.

Corenin

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Quote from: avikz on September 03, 2016, 08:03:24 AM

We can trust that bitcoin can change the way of life for us. Bitcoin has the potential to grow huge in coming 5-7 years. So try to save more and more bitcoin and your hard work will pay off one day for sure.

I am planning to buy a superbike of Ducati in future and I truly believe that bitcoin will surely help me to achieve that.

There is no doubt that bitcoin has a great future ahead and it will offer even more benefits to us, and its also an investment that we can trust on that it will give us good returns in future.

avikz

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We can trust that bitcoin can change the way of life for us. Bitcoin has the potential to grow huge in coming 5-7 years. So try to save more and more bitcoin and your hard work will pay off one day for sure.

I am planning to buy a superbike of Ducati in future and I truly believe that bitcoin will surely help me to achieve that.

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Quote from: 0day on September 02, 2016, 06:43:34 PM

Quote from: ronaldo40 on September 01, 2016, 02:59:54 AM

we must believe with bitcoin, but do not too believe, like putting all the money in bitcoin, because it is too risky. anything can happen, such as hackers or risk losing more. believe it appropriately and put enough money.

For me it is not much risky, I am getting some altcoins from different places and I am converting them to bitcoins, that is the proof that I have trust on it and with that I am feeling that I will not lose my money in long run, currently my 50% money is in bitcoin and I do not have any fear about them.

I agree having services and processors that utilize bitcoin for business means it already gain hundreds to million of people trust and interest. It already have its base user that includes almost all of us here in bitcointalk. Having observed this scenario, I can say with confident that bitcoin itself is worth trusting.

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Quote from: ronaldo40 on September 01, 2016, 02:59:54 AM

we must believe with bitcoin, but do not too believe, like putting all the money in bitcoin, because it is too risky. anything can happen, such as hackers or risk losing more. believe it appropriately and put enough money.

For me it is not much risky, I am getting some altcoins from different places and I am converting them to bitcoins, that is the proof that I have trust on it and with that I am feeling that I will not lose my money in long run, currently my 50% money is in bitcoin and I do not have any fear about them.

nova-rider

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This is something that is up to you to decide, but I personally have no problems in using Bitcoin, at least no problems that make me see it as a bad decision. On the contrary, I see the bitcoin as one of the few sustainable options to invest, with a decent return potential.

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Quote from: goldcoinminer on September 01, 2016, 03:33:40 AM

Quote from: ronaldo40 on September 01, 2016, 02:59:54 AM

we must believe with bitcoin, but do not too believe, like putting all the money in bitcoin, because it is too risky. anything can happen, such as hackers or risk losing more. believe it appropriately and put enough money.

Believing is the most important thing to do when you are investing in bitcoin, however this is still very risky as there is no assurance our investment will succeed, it is just right to put only in our investment that money that we can afford or to be specific should not be over half of our total savings.

Believing alone is not the key to make such good return when people invest in bitcoins.

They must take it seriously and do such action if ever the price will experienced such big changes. In that way they can secured the profit rather to just believe passively.

Harlot

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In terms of security and privacy Bitcoin is number in cryptocurrency, it won't have its value right now if there is not trust in it. Also look at it's reputation some businesses started accepting btc, heck you can even buy a website domain with it. What you must not trust are hyips who will make a run with your btc look at the recent scam coince they run a lot of money, Because there are still no laws protecting btc users from scams.

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