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Author Topic: Why bitcoin  (Read 19923 times)

Offline sadia batool

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Re: Why bitcoin
« Reply #45 on: November 04, 2021, 03:33:40 PM »
Bitcoin is one of the biggest Crypto currency. The best thing about it you can easily transfer your bitcoin to any other wallet without any problem. I am also holding my bitcoin because it will increase more in future.

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Re: Why bitcoin
« Reply #45 on: November 04, 2021, 03:33:40 PM »

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Offline Next-day

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Re: Why bitcoin
« Reply #46 on: November 21, 2022, 05:16:34 PM »
What Bitcoin?
What Bitcoin?
Why Bitcoin?
 
What is this ?
What kind of threads have these been opened? It would be easy to find people if there was only one answer to all questions.

Offline MVL~$

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Re: Why bitcoin
« Reply #47 on: February 02, 2024, 04:19:49 PM »
By trading with Bitcoin you will have a comparative advantage over other coins. Bitcoin is one of the most reliable and powerful coins among crypto currencies. Its transaction fees are low compared to other coins. And through this you can do transactions very easily without the help of any bank. If you consider the aspect of digital currency, it is actually digital gold. I think only digital currency will be accepted as currency in future. Then Bitcoin will be on top of everyone.

Offline Perfect540

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Re: Why bitcoin
« Reply #48 on: February 02, 2024, 04:24:57 PM »
Why should I transact with bitcoin? 
Is there any advantage bitcoin has over normal currencies? 
Someone pls, explain to me with clarity
Fiat has inflation but bitcoin has no inflation.
Bitcoin has no risks but fiat has more risky to carry.
Bitcoin more profitable than fiat.
Bitcoin replaces bank.
Bitcoin is more better investment than gold or real estate.

Online Crwth

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Re: Why bitcoin
« Reply #49 on: February 02, 2024, 04:28:50 PM »
The biggest advantage that Bitcoin has is the fact that it was created first and is still the "mother" of all crypto. Advantages definitely come with the fact that it's the most preferred and most valuable. Imagine something that is considered now to be a real asset. The ETF approval definitely shed some light to other people who don't have the technical know-how but wants to own it.
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Offline sampoerna

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Re: Why bitcoin
« Reply #50 on: February 02, 2024, 10:24:45 PM »
This is exactly the basic reason why Bitcoin.
Even though there are many other cryptocurrencies on the crypto market, Bitcoin remains the main choice. Bitcoin is indeed a safe investment, but this is a crypto investment that I think is the safest compared to other cryptos. At least the risk is lower if we understand how to hold patiently and are not subject to various existing FUDs.

On the other hand, why Bitcoin, not real estate or other investments in your life? I've done it, and indeed investment in real life initially requires quite a lot of money and costs. And with Bitcoin, almost everyone can do it, starting little by little. And this is the bottom line, because usually Bitcoin will rise significantly in a certain period, and Bitcoin accumulation can start from a small amount.

And one more thing, even though Bitcoin in some countries cannot yet be used as a means of payment, this does not mean it is not valuable. In fact, this could be a very valuable investment.

Offline JoyMarsha

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Re: Why bitcoin
« Reply #51 on: February 02, 2024, 11:02:37 PM »
The reason for Bitcoin is because is the safest, most secure, and most reliable investment an investor can make to safeguard their future assets.
2) It is a well-known coin, that is widely recognized and traded everywhere that crypto is legal.
3) It is the first coin ever launched in the crypto space and it is waxing strong by dominating 51.2% of the crypto market.
4) it is the king of all crypto. Its price(up or down), controls all the crypto market structure of price.

Is there any advantage bitcoin has over normal currencies? 
Someone pls, explain to me with clarity
Yeah, there is. Because of the financial freedom it brings, compared to currency that depreciates over time. A currency hodl for years would not be the same value in years to come but in the case of bitcoin, it appreciated, giving a profit to hold on to

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Re: Why bitcoin
« Reply #51 on: February 02, 2024, 11:02:37 PM »


Offline DannyD234

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Re: Why bitcoin
« Reply #52 on: February 03, 2024, 02:48:28 AM »
First of all Bitcoin is decentralized that is not monitored by anybody, it is relatively safe, myriad ways for transaction and others

 to me it is the safest  option for cryptocurrency transaction

Offline Odohu

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Re: Why bitcoin
« Reply #53 on: February 03, 2024, 12:14:01 PM »
First of all Bitcoin is decentralized that is not monitored by anybody, it is relatively safe, myriad ways for transaction and others

 to me it is the safest  option for cryptocurrency transaction
Decentralization is not peculiar to Bitcoin, there are other decentralized cryptocurrency. So decentralization can not be the only reason for the success and preference of Bitcoin over other cryptocurrencies. The major reason I feel that makes Bitcoin to be in a world of its own is the fact that it has been tested and tried by many fuuders, government authority and all who is who and it withstood all thereby giving it the trust and popularity of greater part of those who came across it. Other cryptocurrencies have tried to copy or even improve on the supposed weakness of Bitcoin yet none of them could gain the level of confidence and popularity that Bitcoin have gained. Check the various forks of Bitcoin to confirm my submission.

You will recur that Litecoin experienced halving yet we never experienced any significant rise in its price or any other cryptocurrency but anytime Bitcoin experiences halving, a bull run always follows it and this will drag the entire cryptocurrencies along. This is how powerful Bitcoin have become, the reason Bitcoin is a great and reliable asset to invest in. 

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Re: Why bitcoin
« Reply #54 on: February 03, 2024, 07:02:48 PM »
First of all Bitcoin is decentralized that is not monitored by anybody, it is relatively safe, myriad ways for transaction and others

 to me it is the safest  option for cryptocurrency transaction
BTC is decentralized, but the BTC blockchain is public and transparent and anybody can see the info in it, if you want to protect your privacy while using BTC, you must avoid centralized exchanges and services and also use privacy solutions like mixers and CoinJoin implementation. The BTC network is secure, but the BTC you store in your wallet is only as safe as the device you store it in and your opsec.
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Offline Aanuoluwatofunmi

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Re: Why bitcoin
« Reply #55 on: February 03, 2024, 10:36:17 PM »
There are many answers we could have got to the reason behind why the selection of bitcoin in cryptocurrency,  one will see what is right and yet prefer going for the wrong, likewise in taking risk, if we are giving chances, we would have make choices on things that are less being risky than going for the ones we cannot afford to bear their risk, maybe this could also be the same application to why we have chosen bitcoin over others.

Offline vegasus

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Re: Why bitcoin
« Reply #56 on: February 03, 2024, 11:27:04 PM »
Basically, why Bitcoin when there are so many altcoins as alternatives? Maybe many people still think so. Personally, I will still prioritize Bitcoin. Because Bitcoin is number 1, it is the most trusted, most valuable, and most potential, and also the first crypto created. So, this is much better than altcoins which are only following.
Bitcoin is always the most preferred, especially for the long term. because no one has succeeded in Bitcoin yet.

Offline Litzki1990

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Re: Why bitcoin
« Reply #57 on: February 04, 2024, 03:48:10 AM »
You asked why Bitcoin, in answer to this I would like to ask you one thing that is there any other coin other than Bitcoin which is better than Bitcoin or more popular than Bitcoin. Bitcoin Has No Competitors Bitcoin is the most popular and most valuable digital currency and if you compare Bitcoin with other currencies, you will undoubtedly put Bitcoin ahead. There are many coins in the market but investors take Bitcoin as the first choice to invest. You can consider Bitcoin as an auto choice for investment. Investing in Bitcoin you can be as safe as you can invest in other coins in the market but you can't be as safe as you can invest in Bitcoin, because of these things Bitcoin is different and better than other coins in the market.

Offline Mia Chloe

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Re: Why bitcoin
« Reply #58 on: February 12, 2024, 12:29:40 AM »
Well there are a couple of nice reasons of which some are ;

1. Bitcoin is decentralized ( not controlled by a single entity not even the creator) so it's pretty much you alongside other users who control it.

2. Bitcoin is a nice and private Crypto currency although not entirely because of the Blockchain public ledger. However one could increase his privacy by making use of other privacy measures like mixers and VPNs

3. You are in full control of your asset as you can decide to HODL or spend at any time of your choice without any restrictions.

4. Bitcoin is a perfect counter crypto of inflation meaning you could protect you asset from loss due to inflation via Bitcoin investments.

Offline bayu7adi

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Re: Why bitcoin
« Reply #59 on: February 12, 2024, 03:45:22 AM »
If you're talking about regular money like cash or FIAT that you usually carry to buy stuff, then Bitcoin comes with its decentralized nature, which means you're never limited by time and place for transactions using Bitcoin. That's one of the cool things about BTC, because you can send it using the internet and there's no limit to how much you can send, as long as your transaction can be broadcasted and processed by miners.

A simple example is when you want to pay or send something to a friend who lives abroad.

With cash, you'll go through a pretty complicated process. You'll even spend a lot of time on it and it's not cheap. But with Bitcoin, you can transfer assets anytime, and even anywhere, with relatively lower fees.

 

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