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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Local Bakersfield bitcoin Community BitcoinBakersfield.com is dedicated to providing basic information about bitcoin to anyone interested in learning about this new technology & innovation called bitcoin, listing local Bakersfield locations currently accepting bitcoins, helping merchants looking to accept bitcoin, and networking opportunities for Bakersfield, CA bitcoiners.
Top Reasons Why You Should Invest In Bitcoin - Likeitgirl
With the introduction of Bitcoin in the market, we can be sure to be free from any central governing authority, which will make our transaction fees cheaper. To make transactions with bitcoin, you can use your bitcoin wallet or go to some cryptocurrency exchange where there is no need for currency conversion to make transactions
No one is able to tamper with bitcoins. This is because the database stores every redundant copy of the transaction. The worst incident that can happen is where a bitcoin owner is forced to send the currency to somebody else. Since no government agency is involved, the government is not in a position to freeze someone’s wealth. This gives Bitcoin users absolute freedom.
2. No Taxes
With Bitcoin transactions, there is no third party. Even the government is not able to influence these transactions in any way. There will never be a viable way of implementing a Bitcoin taxation system. If taxes were to be paid, then it would have to be voluntary payments by the traders without any forceful influence.
3. No Tracking
Unless a Bitcoin user publicizes his or her wallet address, individual transactions cannot be traced to anyone. Apart from the wallet owner, no one else will know how many bitcoins the wallet owner has. In the event that a wallet address is publicized, generating another address is a very easy thing to do. People find this level of privacy to be very appealing.
4. Transactions Cannot Be Reversed
As with the common payment systems, the sender of money can order a reversal of the funds. If for instance you have already delivered goods to a client and he orders a payment reversal, you stand to lose a lot as a seller. This digital currency is the only payment method that has no reversal. Once a payment has been made, that’s it.
5. No paperwork
Unlike the paperwork required to open bank accounts, to transfer funds or to receive funds, Bitcoin transactions do not involve any form of paperwork. No proof of address, no ID card, and no passport is required for one to start trading in Bitcoins. What one needs is just a wallet and an address. You can have as many addresses as you want, no one limits you.
6. Appreciating Value
From a few cents when it was introduced back in 2009, Bitcoins are now worth more than $7,000. Analysts foresee that within the next 10 years, one bitcoin will be worth more than $100,000. The value of Bitcoins has been tremendously increasing. Its value more than doubled between March and November 2017. By investing in Bitcoins, you are investing in your future.
7. With Bitcoins, You Can Access Markets That Were Historically Inaccessible
In 2016, there were about 2.3 billion people that could access the internet. Most of then use mobile phone internet. Some of them are not able to access the traditional systems of money exchange. This means that such individuals are able to transact using Bitcoins because the traditional banking facilities are out of reach for them. With this, it means that bitcoin is set to grow bigger and bigger.
8. Lower Charges and Fees
Bitcoin transactions cost very little as compared to normal transactions. Since no third party is involved, Bitcoins are moved by the users between themselves without any additional costs. Through the Bitcoin online exchange platforms, one is able to transact for free. Bitcoin fee is normally 0.005 bitcoin parts for every transfer. A normal international inter-bank transfer costs hundreds or even thousands of dollars.
9. No Theft Identity
With credit cards, for instance, when you give a merchant your information, what he does is to pull the specified amount from your card. Some merchants are manipulative and might initiate more money than agreed. Credit cards are prone to hacking and identity theft. With Bitcoin, it is the opposite. The owner of the Bitcoins sends exactly the amount that he or she wants to send.
10. Immediate Settlements
Traditional debt settlements systems always take time. For bank transfers to be initiated and completed, it might take several days or even weeks, depending on the location of the two parties. Payments have to be verified, and this results in time wastage. Bitcoin transactions are completed within a few minutes, regardless of the geographical locations of the parties. By just pressing the send button, the transactions is soon completed without any unnecessary delays.
I got an unexpected call from my grandpa minutes ago - he wants to invest in bitcoin! He told me he was going to buy a thousand us dollars of btc and see how it goes. The wise man just keeps getting wiser! I never expected bitcoin to become so popular so quickly. I'm just grateful my grandpa thought of me when he needed someone to talk to about this crazy internet money.
Can you give me a reason why I should invest in Bitcoin?
First I thought that bitcoin is a great thing and will certainly be a part of our future, but the use of bitcoin gets destroyed by the big fluctuations due to the fact that the biggest part of bitcoin owners are traders and not people who actually use them. Also I'm a beginner and not sure that Ive truly grasped the concept of bitcoin.
That is just one reason why you should invest in Bitcoin, take a look below to see more solid arguments for getting yourself involved in the cryptocurrency market. 1. Buy Low Sell High – Ability ... So should a thoughtful person invest in bitcoin? Here are the three key factors to consider. 1. Diversification. Here’s one of the first rules of investing. I tell everyone this: know how to ... Should I Invest in Bitcoin? To summarize, if you are thinking about investing in Bitcoin, it is absolutely fundamental that you recognize that the space is highly speculative. Not only is there a chance that you could make double-digit losses, but you could also lose your investment in its entirety. Fully in-line with these ultra-high risk levels is the potential to make significant gains. If ... Why should you invest in Bitcoin? There are several reasons that prompt people to invest in bitcoin. We have listed some of the most prominent reasons below. Adaptation of bitcoin; Like anything new, it needs to be adopted on a large scale. Bitcoin regulation also needs to be adopted. But we’re now seeing businesses use bitcoin on a large scale. You will find that businesses are doing a lot ... You should not invest in Bitcoin. The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things ...
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