Why Bitcoin?

[Niko]

Why Bitcoin?

Last updated: 28th January 2018

Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous. An added benefit for merchants (less so for users) was that it was irreversible, removing the threat of expensive charge-backs.

However, the improvement in domestic payment methods and the rapid development of alternative (non-cryptocurrency) forms of international transfers has reduced bitcoin's advantage in this area, especially given its increasing fees and frequent network bottlenecks.

Furthermore, the increasing oversight and regulation to prevent money laundering and illegal transactions have restricted the cryptocurrency's use for privacy reasons


In some parts of the world, bitcoin is still a more efficient and cheaper way to transfer money across borders, and some remittance startups make use of this feature. Bitcoin's cost and speed advantages, though, are being eroded as traditional channels improve (and the network's fees continue to increase), and liquidity remains a problem in many countries.

Also, a number of large and small retailers accept the cryptocurrency as a form of payment, although reports suggest that demand for this function is not high.

And many individuals feel more comfortable holding a part of their wealth in securely-stored bitcoin, where a central authority can not block access or take a cut.

Recent bitcoin seems to have assumed the role of investment asset, as traders, institutional investors and small savers have woken up to the potential gains from price appreciation.

According to some sources, bitcoin is increasingly being used for money laundering. But we know that you would not do that. And anyway, bitcoin is not, as is commonly believed, a good vehicle for money laundering, extorsion or terrorism financing, since it is both traceable and transparent - as a space of recent arrests can attest.

[trofim21]

bitcoin has many followers, but there are also many people who are against this coin, my opinion bitcoin is the best technology of the 21st century

[Sabarhati]

because bitcoin is more trusted by many people, especially now that it's all sophisticated, with money as a medium of exchange that everyone needs, and that's what bitcoin is

[Arendra]

I am a Bitcoin fan. And until now I like it and always use it to transact or use it for profit only. Indeed, what I like about Bitcoin is its financial system that uses Blockchain as a system. So our financial center is decentralized and can make it easier for us in the transaction process without using third parties and costs become cheaper than having to use third parties such as banks.

[Gedang goreng]

because bitcoin is a safe place and can be trusted by many people, so don't be afraid and worried if we trust bitcoin as a place for our property investment, let alone bitcoin as a technology for the future that many people will definitely need .

[Cheratu Mesir]

I think the negative view of bitcoin as you say money laundering, terrorism financing, is just an issue. We do not know where the source of funds began. But maybe there are political elements that take advantage of the presence of bitcoin and blame it for being anonymous. Bitcoin is generally the most promising investment asset in the future, this investment is more valuable than gold and many people already like it.

[aninurdini]

bitcoin is digital money that makes many billionaires and is in great demand by investors and is very profitable, to date.

[Munareal]

The bitcoin has bought a great change to the human race such that it has created a currency that is not control by any  government and it is border less. Most importantly is the bitcoin technology the blockchain can be used in all aspect of live to improve the quality of life

[kevinjulio]

Why is bitcoin? This is because the bitcoin is able to provide sufficiently and as well as being able to help raise money matters in the record crowd, the people know and understand true bitcoin. bitcoin is also a virtual money that developed both with technology and the internet, and this is very good for the future.

[gribble]

why is bitcoin? because bitcoin has given us a lot of big changes in such a way as to create a currency that cannot be controlled by the government.  and also bitcoin is virtual money that is developed with technology and the internet is very good for the future.

[Jun]

 im really convinced the bitcoin power that   can help my life change  my ways of  leaving through this  new currency  .why  bitcoin? i choose bitcoin because this is pioneer in crypto world

[Arendra]

Because bitcoin is the future. Bitcoin uses decentralized technology that is not controlled by anyone. People think Bitcoin is a digital currency that is safe and difficult to counterfeit. Privacy usage is also very guaranteed.

[marshmellow]

I honestly like bitcoin because this coin has given me income every month. And in my opinion bitcoin is a great crypto currency with sophisticated technology which in the future will be a payment system that will be used by many countries.

[Libra]

I think that people choose bitcoin,primarily because of its big scene and of course that it is a universal tool, unlike altcoins

[sakura taruno]

bitcoin has an interesting system, due to changes in the value in it memjadi benefit users both in the upper middle class and down .