Post
Topic
Board Economics
Re: Why Should I Choose Bitcoin ??
by
Betwrong
on 22/10/2017, 11:59:03 UTC
for me bitcoin is not just a currency that serves as
the only payment transaction tool but bitcoin is an asset that has high value and valuable in my life.
With bitcoin I have a pretty good income to meet the cost of my daily life.

A good reason to choose bitcoin is the possible profit that you may have if you invested. Bitcoin is very effective on changing the life of many people, over the past time bitcoin proves itself that i can be powerful and i believe in the future of bitcoin this will surely go even higher in the future.

You are talking about Bitcoin as investment and I agree with you in that regard, but Bitcoin is also a good tool for transfering big sums of money to someone in another country. Right now for example you have to pay 80 satoshis/byte for a fast transaction which is around 20,000 satoshis, or $1.10, for an average transaction. This is not good if you want to transfer $5-$10, but it's very good if you want to transfer $200+.

Yes bitcoin is really useful if we want to send big amount of money to someone in the other side of the world fee's will be more cheaper and transaction is also fast too.
Bitcoin is the best way to do remittances because you can easily send or receive bitcoin even it is from the other part of the world and because of the cheaper fee. The people are keep coming in bitcoin and they are preferring bitcoin over the traditional ways of remittances and bitcoin is also a good way to make some money from just preserving some bitcoin for long term in your investment portfolio.
It seems Bitcoin has became the best tool to transfer money between countries on the world. But important, the Bitcoin community still very small when we compare to other payment method as Visa, banking system, Western Union, Paypal ...

Agreed, but that's a temporary situation. The more positive coverage appears in the media the more new people come to Bitcoin and adopt it. With time people will comprehend the advantages of Bitcoin transactions over those they've been using for many years and to which they are accustomed to. It's hard to change your habits at once.