Topic: Why we need bitcoin... - page 3. (Read 715 times)

That's right because basically each person has their own view on bitcoin, we can't regulate it,
things like that don't need to be ignored because taking care of people like that will only be a waste of time

Easy questions to answer but hard to explain. For those of us who have bitcoins any reason why we have or maybe need bitcoins will make sense. But look out there are many who do not understand what we are actually doing. Not only that, some of them even said something unpleasant to hear. In a position like that I can't say they're wrong, and I can't say I'm wrong either.
The point is, this is homework for us in this forum

Leaving from every point of view of traditional economists, people who do FUD to BTC, I think that BTC is needed for everything, to be able to have goods and services, to acquire improvements and any type of comfort, you just have to look at such a small country As is El Salvador that its president believes in BTC and is obtaining unique liquidity from BTC, where it offers credit facilities to people to obtain BTC, I believe that this country is an example to the world and to those developed countries in Europe and the USA that do not They took into account nothing of what traditional economists thought about BTC, they only took the risk and now it could be said that it is a country that in a short time will become one of the most developed in the world.

For me the bad news of BTC always means: Buy.

Most people do not understand the importance of having Bitcoin, a currency that doesn’t have any central authority at all and is completely decentralized. A lot of people are really finding it difficult to understand what Bitcoin is all about. Sometimes when I talk to people about Bitcoin and explain everything that it is all about,the idea behind it, some people still fail to understand it. Some of them would even tell you that because it doesn’t have any central authority means that it is not a legit platform or currency.

But, this is because they are lacking that understanding to really grab what this is all about. If they should truly understand it, then they would know the value of Bitcoin,and they wouldn’t like to miss such a great opportunity to hold fiat which would depreciate in value and disappoint them tomorrow.

That is really the most famous saying of all, which is really great to remind us that we shouldn't invest all our money into one asset because if that asset goes down, then all of our money will go down, same with the egg. If the basket gets dropped, then all the eggs will be broken. That is why we should diversify our money into other assets. On the other hand, most of the answers here are that they needed bitcoin because that is their income, which all of us are, and it means a lot to us since we could buy things because of bitcoin.

It's always good not to have all of your eggs in one basket. And having BTC as an alternative is great. But first and foremost we needed BTC to usher us into new economic possibilities, and I think it did that verry well. It definatelly showed us that we can take some of that into our own hands.

I do agree that bitcoin (and some other big name cryptos) could be used for payment, but how many people actually do use it? I feel like you do not go to a shop and pay with bitcoin to buy something neither. You usually buy it, hold it as long as you can, make a profit from it and then sell it.

I have to say that there is a good chance we could say that bitcoin is becoming more like gold these days, not an uncommon thing to be fair and it would have to be considered in the same league at the very least. Sure you could still spend bitcoin a lot easier, sure you can send it anywhere around the world, and all of that is correct but that doesn't change the fact that you need to see a lot more spending with crypto to say it is similar to fiat and not to gold. Maybe overtime it will become more adopted and people will spend it more, just not these days.

Yes, we need crypto currencies, not only bitcoin. Sure, it is a hedge guard against inflation, but the way it works right now isn't completely suitable for replacing fiat currency and using it as a regular day to day currency. But I am sure we will eventually come up with a solution that will solve all those problems related to scalability, network congestion and the fees. Solutions like lightning network. But right now using custodial wallets and payment processors are the only way to get rid of the network delay, but in that case decentralization doesn't exist and people loses control over their coins.

Not to mention all the Bank Holidays at this time of year.  I can understand X-Mas and New Year's Day, but I have no idea why Monday 3rd Jan should be a Bank Holiday.  Dunno if it's the same in other countries, but it's a Bank Holiday here. 

Bitcoin doesn't know or care what day it is.  It knows only blockheights and has no concept of what a holiday is.   

Worth the read, eye opener for the people who still doesn't acknowledge BTC as a safe haven from inflation. I really felt the prices of primary commodities get higher, good thing our government almost double the salary to make sure our family survive the daily needs. Just in case everything falls, I make sure I have Bitcoins that I could trust, making it my hedge, somethings coming, maybe a global reset, that's just what I am afraid of.

I can say that Bitcoin is already well-known to many and in ten years of its existence has achieved excellent authority. Since Bitcoin is a very promising coin that brings excellent investment income. And many Bitcoin coin holders have started to enjoy excellent investment returns. And I believe that with the advent of Bitcoin, many have improved their well-being. And now we can say with confidence that we need Bitcoin, as it is a great way to make good profits.

Gold is a commodity not a payment source but on the other side bitcoin was first developed as an alternate to fiat but gradually overtime due to it's profits most of us started using it as an asset class to generate profits in the future.But it is double edged sword like asset giving profits and can be used an payment option also but can you give gold directly to shopkeeper for buying any stuff or make transactions out of it? It's physical form which you can't always carry with you and most probably the fiat devaluation have direct impact on it due to which it's value is also diminishing overtime.

You said high value of USD at this time but you might be ignoring the inflation charts and how well dollar is coping up with the same because if you have done a little research you would not have done the same thing and this is how government agencies are making fools of all people like you for whom dollar is still in well conditions and no problem at all but they need to understand the reality.

Hopefully, the government will not be against bitcoin instead, allow bitcoin for its people. It is enough if the government can allow bitcoin to be traded as we can still make money and transfer it into our bank's account. I also see many friends already make money from crypto, not just from bitcoin and they still want to take part in the bitcoin world.

We all have the opportunity to make thousands per month in the future, but we need to work hard from now on because, without that, I doubt we will get a big result in the future. If we want to achieve, we need to prepare for a long time and those people who already have bitcoin from a long time ago are making a passive income right now and will still like that in the future.

I agree that is about how we can get financial freedom and all we do right now will determine our destiny in the future. What we do with crypto will give something big in the future, so we are not wasting our time investing in crypto, while I consider that it is just a matter of time to see our investment value explode in the next few years.

With many changes in crypto, it will help us gain more benefits from crypto to ourselves. Maybe we can not achieve our goals shortly but just believe it and still do what you think is right, and you will see that you have already achieved it in the future. The dream will help you survive because you want to accomplish all of your goals in the future.

It's not much different when we look for work in the real world, we need struggle and hard work to get the job we want. This also applies in
the crypto world, because even simple things like investing in crypto we have to learn to be able to make money. So there really is no instant
way to make money, we must be willing to work hard and of course we must be ready to undergo a process to success that may be quite long
and difficult. As long as we have a strong desire for success within us, we will definitely try hard to achieve it, and I believe everyone has
the opportunity to be successful. So depending on ourselves, how much effort have we put in to make a lot of money. Although crypto opens up
many opportunities to make money, but if we are lazy to learn and only rely on the opinions of others in choosing coins for investment.
It will not allow us to make a lot of money, it will only make us lose more money.

Without a doubt that is a great advantage of bitcoin, and it could be argued governments and banks hate this even more than the fact that bitcoin protects you from inflation, after all with the banking system banks and governments can block your bank accounts at any moment they want for no reason at all, this allows them to exert a huge deal of power without lifting a finger, as just the threat of this happening to you is more than enough to fear them, after all losing the savings of all your life is terrifying, however bitcoin protects you from this as well and they do not like that we can enjoy this level of freedom without them having any power to stop us.

Honestly I did not see bitcoin as a passive income thing so far, only saw it as a "future wealth maker" and I can even see it as a passive income thing nowadays, more of defi world and more chains all come down to making a passive income, or play to earns which is not passive but at least you play a game.

This is me after 8-9 years in crypto, I still find out how crypto could help me and my life to be better, after so many years. Obviously the most important part of crypto world is to have money to spend, we have so many people who have no idea how to make money from it because they have zero and it is understandable since some of us come from poor nations, but it is still a lot better than any other investment.

Hopefully, I will reach to a level where I make thousands per month without doing much work (maybe few hours every day) in the future. This is not just about governments or anything else, it is about how we can get financial freedom and nothing in fiat world gives us that. Government results with our investments becoming nothing, I can save 100k in 10 years and from the day I started to the day I ended the value of that 100k will go to shit, whereas crypto doesn't do that.

Bitcoin will always be opposed by the government because of the decentralized system while the government has no power whatsoever with such a concept.  However, as long as BTC is still allowed to be traded it is still fair enough because there is still a chance for other people to feel the benefits of owning it.  Even many of my friends are rich because they have BTC for a long time.

Indeed. What we do with bitcoin will not depend on other people and it is also not related to other people because we need to be responsible for our funds. Other people can not interfere with our decision about when we use bitcoin, we can use it secretly without anyone knowing.

Those who use bitcoin will know why they need bitcoin and we have our reason for that. Let the government do anything with their fiat while preparing ourselves for a better future.

That's how it should be, you don't need other people to think about whether to spend? we don't need other people to make the right decision.

when it comes to decision, it is up to us to decide because this is our life.

i need bitcoin because it pays a lot, and i can get everything i want in life. to help my family and for my friends to stay with me. because when you don't have money, you don't have friends.

Personally I prefer bitcoin because it's much easier and more accessible to acquire. To say the truth I don't know anyone who owns gold, so I don't have any close example to take a better conclusion on how to do it in a worthful and smart way, because I fear if I go for gold blindly without any guidelines I'm under risk of buying it more expensive than I should and maybe from the wrong person/company.
Furthermore it can be also difficult to sell gold if compared to bitcoin. I like bitcoin's liquidity and the fact it's easy to deal with from anywhere. All you need is a device with internet connection.

I think most people don't own anything: bitcoin neither gold. If they had learned financial education at schools, then the reality should be different and due to the reasons I presented above I believe bitcoin investment would be much more popular than gold and scarce natural resources already.