Should I Buy Bitcoin in 2020? (Pros and Cons) - CoinDiligent

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.

Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.

Buttcoin: backed by gold, comedy gold!

Shill central

Why is Bitcoin Cash such a hated coin?

I’m very confused why this Coin is hated so much. The more people hate it the more I buy BCH, people are(not you guys) really missing the potential BCH has in the near future.
submitted by Thenumber1fapper to btc [link] [comments]

Why is bitcoin used mostly as an investment, instead of a currency?

Noob here. I’m happy to join the hodlers, but I’m a bit confused as to why we’re doing it in the first place. Obviously, there’s the allure of moonshots and huge returns. But if bitcoin was developed as a digital currency, what is the point of hodling until its value skyrockets and then cashing out? Does this not defeat the purpose of bitcoin, or am I missing something?
submitted by Apache1080 to BitcoinBeginners [link] [comments]

Why Is bitcoin's deflation not bad?

Well, since inflation in the fiat system is an incentive to spend it, is deflation in btc bad? What is the real incentive to spend over here?
submitted by PD_is_here to Bitcoin [link] [comments]

Why is Bitcoin stuck at $9100?

submitted by Jeffyjefjef to BitcoinBeginners [link] [comments]

Why is bitcoin price falling if GBTC is acquiring more then 100% of its new supply

I don't quite understand why is the price of bitcoin falling if GBTC is acquiring more the 100% of its newly minted supply. This factor combined with supply falling after the halving. An increase in demand and a fall in supply should lead to price appreciating. This should not be the case unless there are whales dumping on the markets larger then the scale of grayscale buying. Any thoughts? Grayscale buying bitcoin!
submitted by jumper23sierra to Bitcoin [link] [comments]

Why is Bitcoin so hard to understand?

Why is Bitcoin so hard to understand? submitted by Deadbeat1000 to bitcoincashSV [link] [comments]

Why is Bitcoin so hard for most people to understand? Because most people don't understand money. Found this comment on Youtube which I liked.

Why is Bitcoin so hard for most people to understand?
"The reason it's so hard for most people to understand is that most people don't really understand money. Money isn't wealth. It's an accounting system used to facilitate the exchange of wealth. (The paradox of money is that while everyone wants it, no one actually wants it - they want the stuff they can buy with it!) Many people are put off by the fact that Bitcoins are 'just data'. But that's what ALL money is, information! More precisely, money is a means for credibly conveying information about value given but not yet received (or at least not yet received in a form in which it can directly satisfy a person's wants or needs).
To put it yet another way, money is a ledger. With fiat currencies like the dollar, that ledger is centralized. And that gives the central authority responsible for maintaining that ledger tremendous power, power that history has proven will inevitably be abused. With Bitcoin, the ledger is decentralized. And that means that no one individual or entity has the power to arbitrarily create new units (thereby causing inflation), freeze (or seize) your account, or block a particular payment from being processed. We've had decentralized money before. After all, no one can simply print new gold into existence. And the 'ledger' of gold is distributed because the physical gold itself (the 'accounting entries' in the metaphor) is distributed. But with gold, that decentralization comes at a heavy price (literally). The physical nature of gold makes it hugely inefficient for global transactions.
And this is why bitcoin is important! It is the first currency in the world that is both decentralized and digital. It is more reliably scarce than gold and more private and transactionally efficient than "modern" digital banking. This is why people are excited about bitcoin, it has the potential to completely revolutionize money."

I thought I'd share it with you.

Have a good Sunday everybody!
EDIT: url to the video:
submitted by nick-bravo to Bitcoin [link] [comments]

Why is Bitcoin Stuck at $10K with a weak Dollar as Fed continues to print money?

submitted by tradervsmarket to Bitcoin [link] [comments]

Why Is Bitcoin So HARD TO USE???

So I'm trying to open up an account where I can spend bitcoin to purchase something cause my debit card don't work and the easiest way suggested was bitcoin. I have a Robinhood account where you can buy and sell it like a stock but can't spend it (idk why cause that's why ppl need bitcoin right? to spend?)... So I open a bunch of wallets (coinbase, bitfly, and maybe 8 others) and each one of them make it so difficult to buy bitcoin to be spent to buy other things. Am I doing something wrong? I wanna punch my computer right now.
submitted by mrjammy to Bitcoin [link] [comments]

Why is Bitcoin Cash not better?

It seems that the higher block size is a clear advantage as far as speed of transactions go. Can someone explain why I am wrong?
submitted by Pathfinder608 to Bitcoin [link] [comments]

Why is bitcoin cheap in Colombia, what is their source it's always below market rate

submitted by mbele6 to Bitcoin [link] [comments]

why is bitcoin open source??????

Hi! I know bitcoin is open source, meaning that anyone can see the code and use it. But I never really understood what benifit it has to its users. And by knowing the souce code could you not use it as a way to exploit its errors.

submitted by Schorlite to Bitcoin [link] [comments]

Understanding Bitcoin - Why is Bitcoin better than fiat?

Understanding Bitcoin - Why is Bitcoin better than fiat? submitted by guyfawkesfp to btc [link] [comments]

Why is Bitcoin’s supply limit set to 21 million?

submitted by raaner12 to Altcoinss [link] [comments]

07-10 06:14 - 'Why is Bitcoin still more popular (and more expensive) than Ethereum if the latter supposedly has more "potential?"' (self.Bitcoin) by /u/vx48 removed from /r/Bitcoin within 330-340min

I am still very new to this so apologies in advance for some misinformation I may have.
But from a very brief read, Ethereum supposedly has more potential to be utilized in different ways as opposed to Bitcoin purely being a currency? So naturally it got me wondering why there is such a huge gap between the two in popularity, in terms of demand as well as the pricing between the two. What am I missing?
Thank you in advance.
Why is Bitcoin still more popular (and more expensive) than Ethereum if the latter supposedly has more "potential?"
Go1dfish undelete link
unreddit undelete link
Author: vx48
submitted by removalbot to removalbot [link] [comments]

Why is Bitcoin still a store of value?

Why is Bitcoin still a store of value? submitted by arslanbajwa to btc [link] [comments]

Why is Bitcoin (BCH) adoption so slow?

We all know that Bitcoin (BCH) has huge adoption all over the world, especially in countries like Australia, Slovenia, the US, and many others.
But why is the adoption so slow, why are Bitcoin (BCH) blocks only 0.1 MB in size? It's common knowledge that Bitcoin (BCH) is the world's best money. And we have 8 billion people on this planet. So why does BCH have so few transactions? Blocks are even smaller than the tiny Segwit Coin (BTC) 1 MB blocks. I mean, WTF?
Is it being considered that this could be a blockchain bug? Maybe we already have thousands of transactions per second but we can't see it because the blockchain has a bug.
submitted by gurubail to btc [link] [comments]

Why is bitcoin illegal in Bangladesh?

submitted by Fakewhiteghost to bangladesh [link] [comments]

Why is Bitcoin still number one, when other projects fixed all of Bitcoins flaws?

submitted by v0id_xyz to Bitcoin [link] [comments]

Legit discussion: Why is bitcoin mainnet not moving forward while other crypto projects are?

Okay and before you flame me, i realise that lightning network(s) are in development, but i dont get why bitcoin still hasnt done really anything in the last 3 years ive been in crypto. Ethereum is also slow in development but releases new versions occasionally. But other projects go blazing fast in developing scaling, smart contracts etc.
So, the key point of discussion is, why is bitcoin still the same old? It can be used as store of value, sure. But why is it not evolving into more? Less fees to be paid? Faster transactions? Perhaps even smart contracts? Or easier ways to trade bitcoin on decentralised exchanges instead of requiring central exchanges? (Because bitcoin and other crypto assets were build to keep by users, but binance and coinbase are pretty much banks by now instead of exchanges)
Hope to have a good discussion or explanation, thanks anyway fellow crypto adventurers!
submitted by borgqueenx to Bitcoin [link] [comments]

Why is Bitcoin used as a Protesting tool against the Government? - CryptoMaa

Why is Bitcoin used as a Protesting tool against the Government? - CryptoMaa submitted by ziyush to Bitcoin [link] [comments]

Why is mining BTC?

Hey so the BCH hash rate has dropped off a cliff and even Roger is not mining it with his resources at What's going on? Has he given up on his project? Or is he mining BTC more profitably so he can strategically dump it for BCH and make the hodlers number go up? I thought BCH was a better network without price protection planning?? Everyone said the halving would not be a big deal but clearly there's some political gaming going on :/
submitted by hashamadeus to btc [link] [comments]

BITCOIN TO $18,000 BY JULY 2020!!! Here's Why... What is Bitcoin? Why & How Use To It? Why Does Bitcoin Have Value? - D-Central Why Bitcoin Is So Important For The Future Of The World ... Why Bitcoin is Incredibly Powerful + 1k Subs!!

Technology Why Bitcoin Is the Most Dangerous Global Scam in 20 Years When bitcoin inevitably crashes, inexperienced investors who believed the hype could lose everything. Why do people trust Bitcoin? Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works. Bitcoin has made Satoshi Nakamoto a billionaire many times over, at least on paper. It's minted plenty of millionaires among the technological pioneers, investors and early bitcoin miners. Why Use Bitcoin? Aug 20, 2013 at 20:59 UTC. Jul 8, 2020 at 14:13 UTC. Satoshi Nakamoto originally created Bitocin as an alternative, decentralized payment method. Unlike international bank Not only does it commemorate the day the block was generated but puts into perspective why Bitcoin was created. Bitcoins are not issued by governments. The amount of bitcoins in circulation grows

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BITCOIN TO $18,000 BY JULY 2020!!! Here's Why...

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