Why We Love Bitcoin

in #bitcoin6 years ago (edited)

  1. You don't have to carry it physically. You can empty the paper or plastic and empty your valuables.

  2. More people and places to accept, from coffee shops, to property owners, it seems to be gaining a traction and getting worldwide acceptance.

3)Bitcoin was created by software developers who wanted to break the financial world and create a better system after the market collapse in 2008.

4)Decentralized, no need for 3rd party to carry out your transaction and get a piece.

  1. Bitcoin is like a bank that never closes, this currency is on the move and is available 24/7.

  2. In developing countries, this technology allows for more practical applications to ensure transparency and to fight corruption in governments.

  3. As a Bitcoin HODLer you feel a camaraderie with this type of savings vehicle.

  4. The community supports the world's smartest, top-level developers and successful VCs - the brightest minds are excited about Bitcoin's implementation, design and future.

There a several reasons we use bitcoins -

1.Bitcoin is inflation free.

2.There is limited Bitcoins supply, there will be only 21 million Bitcoins, the last one is removed in 2140.

3.You can get attractive discounts on certain retail outlets and e-commerce sites, if you pay using bitcoins.

4.You can transfer you money (Bitcoins) to anyone across the world for extremely low charges, and without any 3rd party.

5.You can keep Bitcoin as an investment. Due to limited supply and ever increasing demand, the exchange rate of Bitcoins is bound to increase substantially.

Other than this there are a number of other advantages that Bitcoin offers due to its use of blockchain technology:

Reduced cost of transfer.
Reduced risk to sellers, transfers are irreversable.
Increased control over your money, bitcoin accounts cannot be frozen or taxed.
Privacy: All transactions are anonymous.

Because it made my life.

To some extent:

Bitcoin phenomenon is not an economical behavior or finance things, also not an investment or gambling.

It is a religious behavior, for those BTC fans:

Bitcoin is the God;
Nakamoto Satoshi is the messenger of the BTC God;
Holding Bitcoin means he or she is a believer;
Trying to convince other people to buy Bitcoins is a missionary;
Centralized institutions are inherently evil, Bitcoin is their salvation against evil;
Skyrocket of the BTC price are their miracle.

Sources : Picture source is from here https://cryptocurrencynews.com/info/blog/why-we-love-bitcoin/

Source 2 : Some sentences are from here : https://cryptocurrencyhub.io/10-reasons-why-i-love-bitcoin-efcfbffb992c

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