Pages:
Author

Topic: Why we must trust with bitcoin? - page 3. (Read 17021 times)

legendary
Activity: 1442
Merit: 1008
September 22, 2016, 05:46:48 AM
With regard to the tech,  I don't see a reason to stop  trusting Bitcoin. The only problem I think you  may have, would be with regard to price  instability, but I believe it's  normal for a currency in  its early stages.
the bad side of bitcoin are it's required internet connection to run , can you imagine how bitcoin transaction could be done when internet goes down? the lights go out? this is serious problem , your trust in bitcoin would just useless. it's wasn't always easy to give a full trust in bitcoin in my opinion.
hero member
Activity: 952
Merit: 500
September 22, 2016, 05:29:03 AM
With regard to the tech,  I don't see a reason to stop  trusting Bitcoin. The only problem I think you  may have, would be with regard to price  instability, but I believe it's  normal for a currency in  its early stages.
There is no problem yet that have come up that bitcoin can be hack, the whole system is great therefore we trust bitcoin, also the market is getting bigger already and we people who are here have already witness that as evidence by the price increase.
member
Activity: 70
Merit: 10
September 21, 2016, 10:58:24 PM
With regard to the tech,  I don't see a reason to stop  trusting Bitcoin. The only problem I think you  may have, would be with regard to price  instability, but I believe it's  normal for a currency in  its early stages.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
September 21, 2016, 08:52:02 PM
I think we should trust btc  because it's backed by blockchain technology, which  in turn is backed  by science,  mathematics and cryptography.

Yes that is true. Not just basic mathematics but really hardcore, there have been an event to hackrd its system and there is a price but no one can really do it for now. Maybe someday a genius can but for now let us make use of it.
sr. member
Activity: 256
Merit: 250
September 21, 2016, 07:44:25 PM
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 really should maintain our trust in bitcoin, because of what it can do to each everyone of us. Even in the other businesses, advertising, or any other merchants who accepted bitcoin. So why not us do the same thing believing into it.
If we think about what Bitcoin  can bring to us and for the economy  of many countries, there are indeed many benefits. In fact, there are still a lot of skeptics, but it's normal. Something that can help these  people is the understanding of the fundamentals,  because the understanding of  the technology can change the way these people see Bitcoin.

I think we should trust btc  because it's backed by blockchain technology, which  in turn is backed  by science,  mathematics and cryptography.
member
Activity: 112
Merit: 10
September 20, 2016, 09:01:43 PM
Trusting bitcoin? Of course i do trust bitcoin. Because first and foremost, if you want to be successfull for something you must trust it. Also why you would join bitcoin if you do not trust it? Support is a simple way to show bitcoin that we trust them.
member
Activity: 84
Merit: 10
September 20, 2016, 06:46:18 PM
I see it as a relatively new  technology, with plenty of opportunities  to offer in the current stages. Of course  you don't have to trust it, but I, personally,  prefer to trust it.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
September 17, 2016, 01:47:36 PM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You mean an unstable currency. But everytimr it goes down it finds its way back up. So if people think that it is just another thing that will be going down in the future then they are really wrong. They are too much frd with bad traits about they didnt even understand first.
Bitcoin is stable for the moment and we have seen it grow substantially this year alone, maybe he was trying to say that bitcoin is volatile. It is volatile actually since we are still in the early stage and the number of users is not that huge, but I like it because I can trade successfully.
Volatility means that bitcoin is not stable. Well if it shows an up trend at least for 3 months with little correction you are right, but you are not price changes range from 500 - 700$ that's not what stable looks like. Also OP must ask himself why did he join Bitcointalk.org in the first place if he is skeptical about bitcoin. Don't worry your btc is safe with you as long as you don't invest it in something in the internet.

Being skeptical about Bitcoin long-term future doesn't mean being unable to use it to one's own advantage. I was rather skeptical about Bitcoin too, but this didn't in the least stop me from earning decent profits while trading it. Now I think that Bitcoin can last longer than I first thought, though the key reasons for me being skeptical didn't change one iota and I still uphold them...

I simply didn't fully comprehend how corrupted the fiat world is (though not the idea behind fiat itself)
sr. member
Activity: 407
Merit: 250
DAG, Built-in Chat and Conditional Payments
September 17, 2016, 12:43:51 PM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You mean an unstable currency. But everytimr it goes down it finds its way back up. So if people think that it is just another thing that will be going down in the future then they are really wrong. They are too much frd with bad traits about they didnt even understand first.
Bitcoin is stable for the moment and we have seen it grow substantially this year alone, maybe he was trying to say that bitcoin is volatile. It is volatile actually since we are still in the early stage and the number of users is not that huge, but I like it because I can trade successfully.
In my opinion Bitcoin is a good investment, but I think Bitcoin is not yet so stable, because it has a relatively high volatility compared to other assets. But, such volatility also allows users to buy Bitcoin at a lower price when opportunities arise.
It is important to note, before investing, that there are many aspects to be studied, besides the price.

Regarding the question of trusting it or not, I personally think it's a matter of choice, but there are several reasons why I think users should trust Bitcoin, and could benefit from it. One reason is that Bitcoin works with blockchain technology, which makes it very safe. Besides that, it provides a fast payment system and it's quite simple to use.
hero member
Activity: 713
Merit: 501
September 17, 2016, 05:31:35 AM
We should trust Bitcoin because, why not? Bitcoin is the only reason why we're all here so we should all support it. We can show our support in Bitcoin by trusting it. Are you worried that Bitcoin will go down after a couple of years? Worry no more because there are halvings in the future and that will make Bitcoin scarce. Bitcoin getting more and more scarce means it will get more value.
hero member
Activity: 1806
Merit: 672
September 17, 2016, 01:41:54 AM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You mean an unstable currency. But everytimr it goes down it finds its way back up. So if people think that it is just another thing that will be going down in the future then they are really wrong. They are too much frd with bad traits about they didnt even understand first.
Bitcoin is stable for the moment and we have seen it grow substantially this year alone, maybe he was trying to say that bitcoin is volatile. It is volatile actually since we are still in the early stage and the number of users is not that huge, but I like it because I can trade successfully.
Volatility means that bitcoin is not stable. Well if it shows an up trend at least for 3 months with little correction you are right, but you are not price changes range from 500 - 700$ that's not what stable looks like. Also OP must ask himself why did he join Bitcointalk.org in the first place if he is skeptical about bitcoin. Don't worry your btc is safe with you as long as you don't invest it in something in the internet.
hero member
Activity: 952
Merit: 500
September 17, 2016, 01:38:00 AM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You mean an unstable currency. But everytimr it goes down it finds its way back up. So if people think that it is just another thing that will be going down in the future then they are really wrong. They are too much frd with bad traits about they didnt even understand first.
Bitcoin is stable for the moment and we have seen it grow substantially this year alone, maybe he was trying to say that bitcoin is volatile. It is volatile actually since we are still in the early stage and the number of users is not that huge, but I like it because I can trade successfully.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
September 17, 2016, 12:32:02 AM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You mean an unstable currency. But everytimr it goes down it finds its way back up. So if people think that it is just another thing that will be going down in the future then they are really wrong. They are too much frd with bad traits about they didnt even understand first.
hero member
Activity: 1092
Merit: 501
September 17, 2016, 12:28:56 AM
Bitcoin is still young but its gaining popularity at a moment and many more users are getting into it and we should trust it because it will take over the world as a currency in future.

 I Agreed to you pal! sooner or later the virtual money which is bitcoin will become a world currency. It is because all banks accepting bitcoin right but not controlling it, only the bitcoin holder is the one who can control it.
hero member
Activity: 1022
Merit: 500
September 17, 2016, 12:02:51 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 really should maintain our trust in bitcoin, because of what it can do to each everyone of us. Even in the other businesses, advertising, or any other merchants who accepted bitcoin. So why not us do the same thing believing into it.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
September 16, 2016, 11:48:08 PM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.

You are right, because think about this. We have been using fiat money for a long time and we trust fiat money because that is the only method to have financial assets. And as of now, good thing happened that we are in bitcoin because we are already considering and using it as real money so we must really trust bitcoin.
sr. member
Activity: 399
Merit: 250
September 16, 2016, 11:24:14 PM
It is a decision of each individual... I would  say that we should trust it because it's a relatively  stable cryptocurrency, and it's becoming  a worldwide currency,  used already by a great community.
hero member
Activity: 2520
Merit: 568
Payment Gateway Allows Recurring Payments
September 16, 2016, 10:23:46 PM
I do not trust it too much, but enough to have some savings in it.

Anyway, do not trust fiat money much either so...
For now i dont trust bitcoin because this is still not a perfect crypto we can not reverse the payment no protection buyers unlike paypal that anytime they can reverse the payment..

Well if you don't trust too much bitcoin then why you are here? But still with the words you have said dudes about "not too much" means that you are trusting bitcoin but maybe small portion of your trust is getting bitcoin. But still good thing to know that you are trusting bitcoin because we need that to do especially if you benefits it.
hero member
Activity: 560
Merit: 500
September 16, 2016, 09:48:45 PM
There are different good reasons which are an incentive to trust Bitcoin, but one of the main reasons is that it's backed by blockchain technology, one of the safest alternatives available for electronic payments.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
September 16, 2016, 05:06:04 PM
I do not trust it too much, but enough to have some savings in it.

Anyway, do not trust fiat money much either so...
For now i dont trust bitcoin because this is still not a perfect crypto we can not reverse the payment no protection buyers unlike paypal that anytime they can reverse the payment..
Pages:
Jump to: