2019 - 2023


Why do you need Bitcoin? What advantages does it offer?

1. Bitcoin can be used as an independent store of value

Unlike any other fiat currency, Bitcoin is independent and does not come under any ​bank. For example, unlike a government currency, bitcoin cannot be printed and ​hyper-inflated regularly. The assured shortage makes Bitcoin an attractive store of ​value despite its enormous fluctuations in value.

The Bitcoin developer Satoshi Nakamoto designed Bitcoin for precisely this purpose, ​and it was apprehended on the first block of Blockchain (the so-called Genesis ​Block). There he left a message: "The Times 03 / Jan / 2009 Chancellor on the brink ​of the second bailout for banks."

2. Bitcoin makes donations to critical government organizations possible

In addition, Bitcoin accounts cannot be frozen, which can be particularly ​beneficial in dictatorial governments. While system-critical organizations such as ​Wikileaks's financial transactions in fiat currencies have been under scanner by ​governments, Bitcoin continues to allow these organizations to raise funds

3. Anyone with a mobile can open a Bitcoin account

If you want to avoid having any account maintenance fees, Bitcoin is the right ​place because Bitcoin does not need banks. You can even send your bitcoins around ​the globe without creating a bank account. This is particularly interesting in ​countries with poor infrastructure because it is often difficult to open an account ​with a bank, making people's lives extremely difficult. Bitcoin offers an easy way ​out.

4. Bitcoin allows cheap and fast international transfers

Unlike banks, Bitcoin does not differentiate whether the recipient of a transaction ​is local or global. Therefore, foreign transfers or "sending money home" with ​Bitcoin are incredibly cheap. You only pay the average Bitcoin transaction fee, ​usually in the cent range. In addition, the transaction is generally completed in ​10 minutes.

5. You can pay someone more anonymously

Some people don't want to be open books and don't want every bank transfer to be ​viewable. Bitcoin can also help here because Bitcoin transactions are much more ​anonymous than traditional bank transfers.


6. One can speculate on a price increase

Trading with Cryptocurrency can (precisely like when trading stocks, etc.) make you ​money, but this is extremely hard if you daydream. A more straightforward method is ​to buy and HODL your coins, hoping for a price increase (the usual "This isn't ​financial advice text:" do your research).


Bitcoin is attractive for many applications, and there are many reasons why it ​should or should not be used in some situations. Nowadays, for many of the features ​listed here, alternative coins can be used instead of Bitcoin or are more ​appropriate than Bitcoin in some aspects.

For example, Bitcoin offers only a relatively weak pseudo-anonymity, whereas the ​Cryptocurrency Monero provides better and much safer anonymity.

Disclaimer: DYOR! Please do your research before you buy anything. Only invest what ​you can afford to lose. The authors of this website may or may not have invested in ​cryptocurrencies. They are not financial advisors and only express their opinions. ​Anyone considering cryptocurrencies should be well-informed about these high-risk ​assets. Trading is your responsibility; do your research. The authors of this text ​take no responsibility for how you, as a reader, act on this text; this is not ​financial advice.

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