STEAM GROUP
Bitcoin bitcoin
STEAM GROUP
Bitcoin bitcoin
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Tommo 19 Mar, 2018 @ 7:53pm
Is bitcoin worth it
I don't understand bitcoin
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Showing 1-7 of 7 comments
farquan 19 Mar, 2018 @ 11:12pm 
i mean it depends what you are using bitcoin first, lots of people use it to buy/sell stuff or they use it as an investment.
Bitcoin 20 Mar, 2018 @ 12:03am 
Bitcoin is basically digital money that noone can take from you, or tell you who you can and can not send to.
ahmad_manga 23 Mar, 2018 @ 11:48pm 
The answer depends on your sityuation, I use Bitcoin because it's the easiest way to pay someone outside my country because we don't have most of the online payment methods...

If you're in first world country (US for example) and you only want to buy things locally or through Paypal you might not need Bitcoin, but companies like Paypal can restrict you from sending to people you want to send money to. Bitcoin doesn't.
anicca444 24 Sep, 2018 @ 11:02am 
do not get into mining, rather, learn about the technology (I recommend andreas antonopoulos' youtube channel, he is excellent at explaining what a revolutionary technology this is and why it matters). The open, decentralized internet is coming for banking and many other applications/use-cases in much the same way that the internet came for the printing press / mainstream media television... it WILL consume/transform those industries and the way we communicate value to each other.

Once you have learned about it perhaps pick up small amounts of promising alt coins and a little bitcoin if you have funds. But never invest more than you can afford to lose; this is extremely early in the crypto space and no one can predict what will happen. One thing I think for sure though, is that some decentralized, open, trustless networks will thrive, and the wider industry/banks will move to try and protect themselves with permissioned closed cryptos (these are not true cryptos and in my opinion will be an extention of the current dystopian nightmare surveilance control network that the banks currently operate)

Otherwise, look at airdrops/giveaways and accumulate those for free, in time they may be worth something and you may be able to make a little bitcoin out of those without investing. IMHO bitcoin will probably survive and thrive, scalability and privacy enhancement innovations are coming thick and fast, but scaling is something that will happen over the next decade or two as the networks current capacity is used... this scaling is exponential in nature much like the how the internets infrastructure scaled, rather than linear, how visa/banks scale (barely/slowly and in a way that excludes the majority of the worlds population).
anicca444 24 Sep, 2018 @ 11:03am 
TL:DR- look at andreas antonopoulos' channel on youtube, he has fantastic talks and question/answer videos explaining the basic and more advanced aspects of crypto-currencies/bitcoin and why they are an interesting/important development
bitocin is understandable but will decrese in value soon
anicca444 28 Nov, 2018 @ 8:55pm 
Originally posted by Tommo:
I don't understand bitcoin

(for anyone new to bitcoin/crypto, you will be doing yourself a massive favour by checking those two incredible resources)

andreas antonopoulos youtube channel
https://www.youtube.com/user/aantonop

check his full talks in chronological order, and q&a specific videos about topics you find interesting from there

Jameson Lopps massive trove of various bitcoin resource links:
https://lopp.net/bitcoin.html
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