superman2727 Posted May 11, 2018 Share Posted May 11, 2018 Why do you think we must use Bitcoin as part of our currency? What are the advantages we might get through this? Is Bitcoin really helps us in order to save enough money? or Bitcoin is not a good idea to invest for? What do you think? Can you give me some advantages of it? Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/ Share on other sites More sharing options...
Martinsx Posted May 11, 2018 Share Posted May 11, 2018 The world is turning into a digital community where almost everything is going digital, this is why we now have digital currency such as bitcoin and other cryptocurrency in the world, which are used for one transaction or another. There are so many benefits to investing in bitcoin and one of them is how fast it is in processing transactions unlike what we experience when fiat currency is used. Payment in bitcoin is confirmed in seconds unlike fiat currency that would take 2-3 working days. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-376 Share on other sites More sharing options...
legendsneverdie Posted May 13, 2018 Share Posted May 13, 2018 In terms of investment, bitcoins are pretty expensive now and they are more likely to decrease in value at this point. It's better to invest in other cryptocurrencies with better potential to increase in value. Bitcoins are still the most valuable crypto, though, so you can still try to obtain bitcoin through mining or other means. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-407 Share on other sites More sharing options...
Martinsx Posted May 14, 2018 Share Posted May 14, 2018 23 hours ago, legendsneverdie said: In terms of investment, bitcoins are pretty expensive now and they are more likely to decrease in value at this point. It's better to invest in other cryptocurrencies with better potential to increase in value. Bitcoins are still the most valuable crypto, though, so you can still try to obtain bitcoin through mining or other means. Can you recommend any genuine bitcoin faucet sites where one can successfully mine bitcoin and equally get his or her payout? The issue is not mining bitcoin but being able to withdraw your coins when the threshold for payout is reached. This is the problem most faucets site presents. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-439 Share on other sites More sharing options...
xobe Posted May 15, 2018 Share Posted May 15, 2018 (edited) Bitcoin nowadays are very trending for everyone because it easily attracts more people investing into crypto currencies. Bitcoin globally exposed its market and it just a snap it triggers your investment into high level ot just wipe it out. Online transactions made our lives easier and Bitcoin fulfills your goals if you know how to play with it. Edited May 15, 2018 by xobe 1 Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-458 Share on other sites More sharing options...
Kakashi2020 Posted May 17, 2018 Share Posted May 17, 2018 I do believe in BTC but the question is what of lesser known coins? Maybe the world just needs one virtual currency and if that's the case is there a chance that the other coins would vanish soon? If this isn't the case and the world would really progress to virtual currency using different coins would governments permit it? Because it seems that BTC is the only coin really accepted in the market and I think the other coins would really have a hard time progressing to what BTC is right now. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-509 Share on other sites More sharing options...
Kakashi2020 Posted May 17, 2018 Share Posted May 17, 2018 I've been thinking a lot about cryptocurrency these days because of all the hype but I can't shake off one thing from my mind and that is...Does the world need a lot of virtual currencies or does it need only one? If you think about it the success of BTC worldwide maybe the signal for it to unify the whole world with one single online currency. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-510 Share on other sites More sharing options...
EfficientNinja Posted May 21, 2018 Share Posted May 21, 2018 Well, for one, Bitcoin is the most popular cryptocurrency right now. It is also the most valued cryptocurrency right now. Most of the cryptocurrency in the market also depends on Bitcoin's price. If you will look at CryptoMarketCap, you'll see that most of the crypto price movement is actually similar to how Bitcoin's price moves. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-637 Share on other sites More sharing options...
Martinsx Posted May 25, 2018 Share Posted May 25, 2018 On 5/21/2018 at 3:59 AM, EfficientNinja said: Well, for one, Bitcoin is the most popular cryptocurrency right now. It is also the most valued cryptocurrency right now. Most of the cryptocurrency in the market also depends on Bitcoin's price. If you will look at CryptoMarketCap, you'll see that most of the crypto price movement is actually similar to how Bitcoin's price moves. I think that you have made a very good point as to why one should go with Bitcoin. It's the first cryptocurrency and the most stable of them all. It's the most popular and widely accepted cryptocurrency all over the world. It's the most valuable and priced cryptocurrency with strong security and privacy that cannot be hacked unlike other cryptocurrency that faces serious hacking problems. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-753 Share on other sites More sharing options...
EfficientNinja Posted May 29, 2018 Share Posted May 29, 2018 On 5/26/2018 at 7:15 AM, Martinsx said: I think that you have made a very good point as to why one should go with Bitcoin. It's the first cryptocurrency and the most stable of them all. It's the most popular and widely accepted cryptocurrency all over the world. It's the most valuable and priced cryptocurrency with strong security and privacy that cannot be hacked unlike other cryptocurrency that faces serious hacking problems. Yup. But if you're looking for a cryptocurrency that has better features and security than Bitcoin, you should check out Ethereum. Some people go as far as saying that it is Bitcoin 2.0 because it is superior and fixes the issues that Bitcoin has. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-847 Share on other sites More sharing options...
Martinsx Posted May 29, 2018 Share Posted May 29, 2018 20 minutes ago, EfficientNinja said: Yup. But if you're looking for a cryptocurrency that has better features and security than Bitcoin, you should check out Ethereum. Some people go as far as saying that it is Bitcoin 2.0 because it is superior and fixes the issues that Bitcoin has. I don't think I would swap Bitcoin for Ethereum because to me Bitcoin matters more than Ethereum. People tend to deal more with Bitcoin than other cryptocurrency, so therefore I'm sticking with the use of Bitcoin for all my transactions purposes. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-851 Share on other sites More sharing options...
EfficientNinja Posted May 30, 2018 Share Posted May 30, 2018 23 hours ago, Martinsx said: I don't think I would swap Bitcoin for Ethereum because to me Bitcoin matters more than Ethereum. People tend to deal more with Bitcoin than other cryptocurrency, so therefore I'm sticking with the use of Bitcoin for all my transactions purposes. Soon, many people will switch to Ethereum. Bitcoin was made a long time ago and we are seeing its flaws, especially on security. Ethereum fixed all of those that's why those who know about technology are eyeing Ethereum. You'll notice that Ethereum supports tokens, which is widely used by those who are experienced with crypto. Have you seen the price movement of Bitcoin VS Ethereum? If you compare it you'll see that Ethereum is more stable. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-884 Share on other sites More sharing options...
Martinsx Posted May 31, 2018 Share Posted May 31, 2018 22 hours ago, EfficientNinja said: Soon, many people will switch to Ethereum. Bitcoin was made a long time ago and we are seeing its flaws, especially on security. Ethereum fixed all of those that's why those who know about technology are eyeing Ethereum. You'll notice that Ethereum supports tokens, which is widely used by those who are experienced with crypto. Have you seen the price movement of Bitcoin VS Ethereum? If you compare it you'll see that Ethereum is more stable. Well, all I can say now is that I would keep observing Bitcoin and other cryptocurrency with Ethereum. It's true what you said about the security of cryptocurrency with Bitcoin being a bit vulnerable to hackers but it's still not that bad compared to how people still see it as. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-932 Share on other sites More sharing options...
Steve5 Posted May 31, 2018 Share Posted May 31, 2018 On 5/15/2018 at 8:27 PM, xobe said: Bitcoin nowadays are very trending for everyone because it easily attracts more people investing into crypto currencies. Bitcoin globally exposed its market and it just a snap it triggers your investment into high level ot just wipe it out. Online transactions made our lives easier and Bitcoin fulfills your goals if you know how to play with it. I think it will continue to rise as time passes by. It's likely to continue being used widely by everyone. Maybe most users are waiting for it to run out so that the value will increase. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-938 Share on other sites More sharing options...
Steve5 Posted May 31, 2018 Share Posted May 31, 2018 I think it could still prove worth investing if you have the right resources. Also, it's still a risk. So you might want to be sure that you have the patience for the payout you're hoping for. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-940 Share on other sites More sharing options...
Henrywrites Posted June 1, 2018 Share Posted June 1, 2018 On 5/11/2018 at 7:15 AM, superman2727 said: Why do you think we must use Bitcoin as part of our currency? What are the advantages we might get through this? Is Bitcoin really helps us in order to save enough money? or Bitcoin is not a good idea to invest for? What do you think? Can you give me some advantages of it? There are numerous benefits that one can get by making use of bitcoins in the world today and that is far from using it as a store of investment. There are firms and online stores that no accept Bitcoin as a means of payment and that has been the reason why I don't feel afraid when buying them in the market as well. The world is coming to that stage where we now have more of online activities than offline and Bitcoin is going to feature heavily on that line. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-960 Share on other sites More sharing options...
NerdIndeed Posted January 4, 2019 Share Posted January 4, 2019 On 5/12/2018 at 7:43 AM, Martinsx said: The world is turning into a digital community where almost everything is going digital, this is why we now have digital currency such as bitcoin and other cryptocurrency in the world, which are used for one transaction or another. There are so many benefits to investing in bitcoin and one of them is how fast it is in processing transactions unlike what we experience when fiat currency is used. Payment in bitcoin is confirmed in seconds unlike fiat currency that would take 2-3 working days. Holy crap, this is awesome! I had no idea cryptocurrency could potentially solve so many problems, but it makes sense now. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-3858 Share on other sites More sharing options...
Alania Posted January 12, 2019 Share Posted January 12, 2019 You should use Bitcoin, if not for the ability to do some money earning schemes, then for pure profit. Buy it when it's cheap, and sell it when it's expensive. My father started to do it, and he says he makes a sufficient amount of income, apart from his Pizza business in Prague (Czech). Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-4007 Share on other sites More sharing options...
Caguioa747 Posted January 30, 2019 Share Posted January 30, 2019 Because bitcoin is the leading cryptocurrency right now in the world although it's current price is down. I still believe that it is the future of payment method that will replace FIAT and banks. And i still believe that this 2019 bitcoins price will reach or surpass the $50,000 mark. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-4087 Share on other sites More sharing options...
Rathiel Posted January 30, 2019 Share Posted January 30, 2019 (edited) There's money to be had in bitcoin, of course. But you have to be smart about it, and only play around with investing with money you can afford to lose. Investing it bitcoin has yielded a fair bit of success for me, and unless a sudden crash in value happens again, I'm likely to keep myself in the cryptocurrency game. Bitcoin isn't a good way to 'store' money, though. Buying BTC right now at a certain price does not mean that you'll be able to exchange it at the same rate. If you're lucky, it'll go up. If not, you're out of luck and you'd have been better off just putting it in a bank account. Edited January 30, 2019 by Rathiel Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-4097 Share on other sites More sharing options...
Alania Posted January 30, 2019 Share Posted January 30, 2019 If not purely for the benefit of owning a cryptocurrency and speculating, then because it might come in handy in the future. The value might increase greatly. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-4099 Share on other sites More sharing options...
bomb Posted November 12, 2020 Share Posted November 12, 2020 If security and privacy is your major concern when doing your transaction, then Bitcoin is what you would wish to go for. Forget the unstable fiat money. Bitcoin offers more than just exchange of value. Plus it is versatile now. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-11787 Share on other sites More sharing options...
axel Posted January 8, 2021 Share Posted January 8, 2021 Bitcoin can help us pay bills and reload airtime credits and purchase selected stuff if the online store accepts bitcoins, so it's really beneficial. You can also it to gamble online too if you can't find a site to spend it on. Quote Link to comment https://slingbank.com/forums/topic/262-why-should-i-use-bitcoin/#findComment-12520 Share on other sites More sharing options...
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