Post
Topic
Board Bitcoin Discussion
Re: Why do people want Bitcoin?
by
zhopas
on 22/02/2018, 05:44:50 UTC
Why do people want Bitcoin?

Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.

The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.

I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.

Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.

Maybe because of bitcoin, they have found an opportunity to have their own income that will help to their daily life. And moreover, they may prefer bitcoin because it is the most valuable currency right now. And people can convert it into money to buy their stuffs and etc.