bitcoincash
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What are 5 truths about Bitcoin?

Mon Nov 04, 2019 4:03 am

1BTC = 1 BTC, regardless of the price.

It can't be stopped. Throughout human history, governments have always faced the dilemma which Bitcoin proffers - namely you can either ban something and drive it underground or legalise and regulate it.

Not your keys, not your car. Same applies to bitcoin. If you don't have the password keys, someone else can steal it. Not your keys, not your crypto. NYKNYC.

You don't own Bitcoin. You own cryptographic keys to a portion of the Bitcoin blockchain. These keys allow you to make transactions with your bitcoin; to send or sell.

There's nothing anonymous about Bitcoin transactions. If you buy illegal shit with money, you'll eventually get caught. Same with Bitcoin. And if you want to launder money, resign yourself to living in the Cayman Islands and always watching over your shoulder.

Speculate, don't invest. Although I see Bitcoin as an alternative to stock market investments, it's essentially the riskiest asset to gamble your life savings on. Don't throw down more than 10% of your disposable income on this baby.
Bitcoin has a life of its own. No one owns Bitcoin, only parts of its blockchain. There's no head office, no CEO to hang, draw and quarter, no arbitrator except indelible record keeping.

Math laws can be bent but not broken. Bitcoin uses the universal language of maths. Bitcoin's fundamental value is based on mathematical computations. Basically it's a network of computers solving maths problems in exchange for coins.

Bitcoin was invented to stop financial corruption. As yet, it is still a pipe dream, but as bad as it is, it's better than what we've got.

Bitcoin is evolution, not revolution. It's a digital currency that boasts permissionless, decentralised, fungible currency. It doesn't try to destroy banks. It just offers are more honest currency.

A tulip is a flower, muppets. Bitcoin, on the other hand, is computer code that solves the double-spend currency problem through a cryptographic third-party machine. In code we trust.

Glados
Nickel Bitcoiner
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Re: What are 5 truths about Bitcoin?

Tue Nov 26, 2019 3:06 pm

I know only one thing: - On this you can build a good business if you find the right approach. And the digital world is open to absolutely everyone.

Zulkijar52
Nickel Bitcoiner
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Re: What are 5 truths about Bitcoin?

Thu Dec 12, 2019 8:02 pm

The real truth about Bitcoin is that it's revolution, but like any revolutionary thing it will be replaced with more developed analogue. However, bitcoin showed up that blockchain is one of the most promising technology of 21st century,

tokeneonews
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Re: What are 5 truths about Bitcoin?

Fri Dec 13, 2019 11:35 am

I'd say that people still doesn't recognise Bitcoin as something that has that great potential. Even about few truths which show that It is a revolution, Bitcoin needs some more time (and blockchain usage in everyday life).

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Qyuhn
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Re: What are 5 truths about Bitcoin?

Thu Jan 30, 2020 11:38 am

Not that they would not recognize, just many still do not understand it. A lot of people are simply not familiar with the world of cryptocurrency and therefore can not even perceive it as a kind of revolution.

josephph
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Re: What are 5 truths about Bitcoin?

Tue Mar 17, 2020 11:27 am

Not that they would not recognize, just many still do not understand it. A lot of people are simply not familiar with the world of cryptocurrency and therefore can not even perceive it as a kind of revolution.
A very good post. I wish more websites would accept Bitcoin as payment and it would become even more popular.

AmandaAbella
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Re: What are 5 truths about Bitcoin?

Sat Mar 21, 2020 12:47 pm

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samsenger4545
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Re: What are 5 truths about Bitcoin?

Fri Mar 27, 2020 12:12 pm

Hi . Do you know you can make over $9,500 in less than a month?
Our group of professionals trade on your behalf for only 10% charged from your profits
Have you ever tried investing in trading?
Or Are you interested In earning more profits in bitcoin everyday, get connected to our Antminers and earn 0.49btc (2227.11 USD) every 48hrs with the minimum investment of $500 worth of Btc. Notify if interested or Whatsapp me +17817207567
Is it really true?

africuniaBank
Nickel Bitcoiner
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Re: What are 5 truths about Bitcoin?

Mon Apr 13, 2020 12:43 pm

Such a great post. There is so many knowledgeable things. Very informative.

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Goldario Official
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Re: What are 5 truths about Bitcoin?

Mon Apr 13, 2020 11:17 pm

I know only truth that is.If you can handle btc you will get profit.
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Nickel Bitcoiner
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Re: What are 5 truths about Bitcoin?

Tue Apr 14, 2020 12:15 am

I have made huge profits with one of the best cryptocurrency platforms. to me, bitcoin mining is still one of the best. happy to share this strategy with anyone, feel free to contact me via flanmustelafu@gmail. com

flanmustelafu@gmail.com
Nickel Bitcoiner
Nickel Bitcoiner
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Re: What are 5 truths about Bitcoin?

Tue Apr 14, 2020 12:18 am

Not that they would not recognize, just many still do not understand it. A lot of people are simply not familiar with the world of cryptocurrency and therefore can not even perceive it as a kind of revolution.
Cyptocurrency is the future money. Follow me for tips on how to trade Cyptocurrency, also if you wanna trade with me. here is my email flanmustelafu@gmail. com

EliteKF
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Re: What are 5 truths about Bitcoin?

Fri May 08, 2020 8:57 pm

Impossible to forge: You can't create a Bitcoin. It can't be forged, because there is a record of all the transactions that have occurred and the order in which they took place on the Bitcoin network.
This record is called a "blockchain" and through this everything is recorded, so it's impossible to either make a false Bitcoin or to make a double transaction without the system detecting it.
In the Bitcoin marketplace you operate under anonymity: This is true, nobody is forced to reveal their identity, every transaction is recorded as explained above, but not who performs it.
Operating with Bitcoin is cheap: Bitcoin has lower transaction costs than using credit cards and/or transfers, because by making payments with crypto-currency, traditional intermediaries are eliminated.
Works 24 hours a day: Bitcoin operations don't have schedules or restrictions due to holidays, it's available continuously.
Transactions are made in real time: Any money transfer from one country to another usually takes between 24 and 72 hours, depending on the case, but Bitcoin transactions are made immediately, in real time, from one account to another.

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