Wednesday 22 November 2017

Why do people trust Bitcoin


Why do people trust bitcoin? was part of the main discussion on different forums, as bitcoin continues to go viral, lots of individuals are starting to accept the fact that it's taking over the currency world, and becoming a global currency where everyone can easily transact business from continent to continent without stress,  here are some individual reasons why bitcoin is more trusted and has great ability to take over the fiat currency.

Optimusman for example, here. It if it is short.

1) Simple mobile payments
2) Secure Transactions
3) Works anywhere, anytime
4) Fast international transfers
5) Almost free use
6) Pseudo-anonymous online payments
7) decentralization

Mazda17 The person's beliefs are different but the issue of belief in bitcoin is much the same because bitcoin is the most profitable coin than any other coin let alone the bitcoin price increasingly rises so many people are hunting for bitcoin and trusting bitcoin as a good coin to get.

m0gliE  

 Hi,

It is quite hard for most people to deal with the idea of bitcoin in itself.

I mean, most people have learned to use internet and software as grown-ups. So the idea of investing in a money that is not tangible, not backed by any form of an institution can be quite worrying, admit it.

Nothing actually to fear about, except it is not "part of habits". Maybe one day it will be. Not today, still too soon. And this is also why it is important t talk about it and share the idea of this "unfakable" currency!


wormgummy019 People trusting bitcoin because they knew that bitcoin is true. Yes, it is cryptocurrency
but bitcoin can be converted into real money like dollars, peso, etc. And there is so many ways or evidence that can say bitcoin is true. There are so many people who have bitcoin and now they are now rich or let say their life is good than before. Trust bitcoin because bitcoin will trust you too.

Aura 
Because Bitcoin is an open-source project that is very well made and for a lot of people the solution for a central bank that controls and distributes the money flow. The blockchain including the proof-of-work algorithm makes this coin purely decentralized and also immune for attacks on the ledger, people that understand the concept trust on this system. 


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