Bitcoin Forum

Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.

Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.

How bitcoin helps for your life?

For me bitcoin is another great income source and a great way to invest my savings.
I agree with your thoughts about the lower fees,but i don`t know for how long the btc fees will continue to be lower than the other payment method transaction fees.

Well for me there is no need to compare bitcoins with the banks because first of all they have different purpose and very different from one another ! There is many services provided by banks that bitcoin dont have and If I were to choose with bitcoin and bank i will safely answer bank of course ! And what you are comparing is not bank ! western union or money gram is a money transfer service which is not really related with banking ! and if you will ask me which is much better with them I will confidently answer bitcoin of course !

Actually I have been sending money to a relative before using Western Union.
Bitcoin was introduced to me so I changed the way I am sending money to the certain relative. I send the same amount every mount and this is what I did.
I am using the calculation that Western Union is using but with the use of bitcoin. So there would be an excess always. I keep those excess money until I reach a year. Will tell you how much it is after.  ;D But I know I am saving a lot.

Bitcoin is not a local currency of any country and hence we need to pay atleast 5-7% conversion fee/withdrawal fee while withdrawing this currency via a bank in our local currency. However, it's still profitable for me as I live in India and we cannot send money via WU and Moneygram fee is also too high. But my family members are not even aware of this currency and hence they wouldn't be interested in receiving bitcoins instead of fiat. Only thing for me that has helped me a lot is selling my goods for bitcoins (physical and digital goods).

Bitcoin would definitely be faster when sending money across countries. Fees may still apply when claiming the remittance but this is usually much lower than those from traditional money transfer companies. There are even cases when the fee is waived for or rebated to the sender. Hopefully this stay this way. I don't know the technicalities of mining but I'm seeing complaints of unconfirmed transactions. I've not been affected (the web wallet I'm using is supposed to also be our local exchange, whatever that means) but I can just imagine how it sucks. Hoping it will be fixed soon.

we can not affirm bitcoin better than banks, because bitcoin and banks has advantages and disadvantages, they are different, no one can be compared accurately. Bitcoin ensure convenient and fast, but it can not guarantee 100% safety. In contrast, banks more legal, more procedures and takes longer to carry out transactions, however, it ensures the safety of our transaction. If I were to choose, I would prefer a combination of Bitcoin and banks. This is excellent

Op you are right, but tell me why we don't see bitcoin transfers dominating the remittance market?
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.

It is not a hard work to learn about sending and receiving money and yes it is true that you just need to fill one paper to send or receive money through Western union or money gram but what you are not telling is the travelling expense and the time you spend to reach the exchange and the long queues you have to stand to fill out the form finally ,with bitcoin you can control everything at the comfort of your surrounding .

You are right.As the number of transaction increase,so may transaction fees.
But bitcoin has another advantage, holding it may give you more profit.
When someone send you USD,for example, with PayPal, you get money in your local currency and not in dollar.
While a bitcoin sent is bitcoin received and a recipient may benefits from price fluctuations.

I have struggled to receive and store what i was earning online before because paypal doesn't accept registrations from our country and libertyreserve got shutdown, i also lost so much on it.

So basically for me bitcoin has been one of the best way to receive and store my online earnings as well as i am doing very good in crypto trading. I love BTC

But you will need a 3rd party to convert your digital Bitcoin coins into local physical cash won't you? In other words you will have to deal with websites that can exchange your assets for cash. I call that 3rd parties.
I need 3rd parties. Everyone needs 3rd parties as well. Whoever objects to that is a dirty liar  ;D

Considering that it is enough to use a computer (or smartphone) and internet, things that most people have nowadays, the costs of sending money around the world actually become smaller. I have to add that the convenience of being able to use a payment system that does not requires bureaucratic procedures is something that attracts many users. I think there are a number of advantages that are easy to see when using this, and it's only a matter of time before people get more involved in using Bitcoin.

Exchanging with people would cost less than any third party, besides If you live in Arnhem Netherlands you don't need any third party.

Yes bitcoin is better than any banks since bitcoin is another way to send and receive money for user to user. Not only the way of sending and receiving bitcoin but also the way they paid every users in every signature campaign, the payment is paid fast and the transactions is very easy and convenient to used.

But private Bitcoin sellers usually jack up the markup prices and you can end up paying more or receiving less for those coins than at a normal Bitcoin exchange. I am not familiar with the situation in Arnhem. What is so special about it? Are you able to use Bitcoin in shops and supermarkets or what?

to me, bitcoin not really affect to my daily life because I don't have much bitcoin and I'm not invest all of my money in bitcoin. But there are many positive things that bitcoin gave me. In the first time I start to look for information about bitcoin, I really excited and spent more than 2 days for searching btc relations. Its not really change my life but its improves my activities. I mean, I can earn about 0.001-0.005 bitcoin a day (not much but I can buy a meal with bread or noodle) so I have some extra fund to do/buy another things in my wish list.

And yes, I agree with you that bitcoin is helping many people, and its has lots of benefits so thats why i'm gonna spend more time to research and invest more fund to bitcoin and consider it is a good way to change my life

As you have said bitcoin change my life especially financial one.
It helps me to become disciplined person and to earn through trading and investing, as time is passing by I learned to value what I have and to enrich it. It helps me proven that there are lots of opportunities and going to foreign country is not always the key to success. I found success here in bitcoin.

Bitcoin has helped through the hard time, it has become a great source of side income and the best thing is it is a great investment, for me bitcoin is better than any banks because it can act as currency it also can act as a great investment, and sending bitcoin doesn't caused any taxed that is the reason I love using bitcoin

Bitcoin users are still the minority. We are just a few percentage of the total population that uses fiat. Even if all bitcoin users stop using those services, they will not feel it yet. Would western union feel the pressure, no, not yet at least. Maybe in the future when we grow in numbers.

And the learning curve of using bitcoin is very small. Besides, you can do all that you said at the comfort of your home or do it on your mobile phone. There is no extra hassle of going outside and filling up forms.

Yes that's the question every Bitcoin enthusiast is contemplating, it's a growing worry that you have to pay more for quick transaction confirmations and if this persists as more people join the Bitcoin world it is going to increase astronomically and we are in danger of losing that virtue of low transaction fees that Bitcoin possesses.

Bitcoin helps me to provide an extra income from the signature campaign.  It helps us also to pay our monthly bills without going to bayad center. Can receive and send money in a hasten transaction.
Basically, from here we can learn how to invest, trade and save our money. I don't  say that remittance center is not good. Their differences are good to make people happy and satisfied.  

My friend started sending me bitcoins late last year. Before, she
sends the money thru Western Union, I had a lot of issues with
WU before, like typographic error in the name,etc. so I didn't get the
money in time. So I told her to choose bitcoin, and so it began
that she send it to me thru bitcoin without any hassle on my end.

Banks are not just used for transferring money. They ate used for a lot more things. As per definition "Banks an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively. " This is a major factor in any economy and that's how the whole country runs. You don't have any big lending entity in Bitcoin as of now. There is a good chance that it happens in the future though.

If this thing will happen, I guess it will affect the economy of the real world, if bitcoin will be used as the way of sending money of the workers outside the country because government do not have an access to bitcoin. But then in the side of the sender and receiver, it will be a big help.

It is already happening and it doesn't have to be companies or government, but individuals working or earning money overseas and having family and friends down home. Using the banks, WU or MG attracts huge fees, but with Bitcoin, aside from making the transaction to be quite cheap, bank can be by-passed and no need waiting for some business days to pass before one can access their.

That is true and correct, by means of that many of the community shifted into bitcoin because of the concepts that being implemented through features of bitcoin. It is truly bitcoin is far better than any banks in terms of charge fees in every transaction, and how pass it is when it comes to money transfer.

Bitcoin is far better than most other digital currencies in terms of grown and as a store of value. As mentioned banks are similar to third party value storing community. But it gives a trust through its centralized system which is not available for third party bitcoin saving wallet providers. Both has its own pros and cons.

Yes, bitcoin fees are very less and cheap as compared to that of other payment processors (even in the case of transactions confirmation lag period). I don’t think even paying double fees than average fees for bitcoin transaction is expensive as it is still less than the charges of other payment processors of international level. I always prefer to use bitcoin when it comes to global level and it’s actually helping me to earn more revenue than I was earning a few years ago. Services like Paypal have serious restrictions in my country and it was costing me extra burden so I shifted to cryptocurrency and it’s changed my business profits.

I think, until you have not been a victim of credit card fraud, you will not really appreciate what it means to have control over your own money.

I played a online game and I paid for some skins with my credit card, this site did not store this information securely and my credit card

information got hacked. I lost quite a bit of money and destroyed all my credit cards. I can now buy securely on the internet, without having

sleepless nights about the information getting hacked or stolen. When people realize this, they will not use credit cards for online payments.  ;D

It sure does make sending remittance faster, despite the occasional backlog. It tend to be cheaper than WU and other remittance company, especially if there is support on the receiving end. For example in my country it's possible to have the fees waived when you cash-out at banks (for now though this arrangement only includes banks in the capital). With our central bank sending the message that it recognizes bitcoin as a legal form of money transfer, I can expect more of our citizens abroad to send money back home using bitcoin.


Sorry to hear that. :( Did you sue them? Did you get your money back? The insurance covers hacking incidents right?

You have to explain the advantages of bitcoin to people so that they may be interested to switch to bitcoin when sending money like what they are doing in the banks but as of now traditional banks are the most easiest way to send money to people who dont discover bitcoin yet but when they know how bitcoin work hope they stick into bitcoin for long.

Are eypu sure it's 10-20% ? That is theft right there. I saw PayPal was 7% like wtf ? Those fees are ment to protect ypu from loss but with bitcoin you can use escrow and its 1% or so. If you sending to a trusted wallet you dont need escrow and it costs a certain amount of satoshi per size in bytes of the transaction size so it is mere cents.

Definitely agree, banks are useless for me, i live in Bitcoin city in Netherlands and can buy everything with Bitcoin. Will never use banks again in my life.

Is this Arnheim? When i look at coinmap there are 96 btc businesses  :o ;D

This your position is actually right but at the same time, what I see is the advantage of using bitcoin because quite a number of people repatriating funds home don't know about bitcoin and the few ones that know might be unwilling to use it due to the fact that they are scared of going against the law in which the position of government is unknown and they could be regarded as money launders. Aside from that, what of the people the money is sent to rather than collecting Fiat immediately, they have to go through the stress of converting to fiat in which the value might even fall within the waiting period.

but i think it will not effect the economy of the states but instead it will make the economy of the states more stable. because there will be no race about the currency of the world, therefor there will be only one way making money. because all the people of the world will be using bitcoin as one currency. therefore there will be no risk to the economy of any countr

I am a college student who live by myself in the other city. I have some needs to fullfil, so I need to have a job. then I find bitcoin. I try to earn it and I sell it to fullfil some needs of mine such as buying books, payment of ent house, etc bitcoin is really helpful.

Bitcoin was offering the cheap price for every transaction rather than use the payment gateway such as WU or paypal. There are a lot of problems in bitcoin but overall It was satisfying.

Bitcoin helps me with increasing his value to fight against the fiat currency.

I agree, bitcoin transactions easily then make the services the bank feels ineffective. I can get many benefits from the presence of bitcoin, I bet the bank will adopt the system of the bitcoin.

this is only true if those people are getting paid in bitcoin so they already have bitcoin in their hand to send oversees to their families, then you are right it is the best option available because of the fees.

but if they are getting paid with fiat, then want to send bitcoin they first have to buy bitcoin and buying it will cost a lot of fees on exchanges (the fiat deposit fee + 0.2% trade fee) then their family have to also sell bitcoin for fiat and pay the same 2 fees.

the total fee they pay can be big too.

I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important

The only drawback with bitcoins is that the funds cannot be reversed, once its sent from your wallet its gone forever and there is no chance that you can get it back and in that case bank is much safer as if there is any issue with your funds then banks officials will take care of it but when it comes to fees then I think bitcoin has upper hand over banks.

The drawback you mentioned is the one of the best feature of Bitcoin. Irreversible transactions and confirmation system guarantee authenticity of transactions. Suppose for a moment, Bitcoin transactions are reversible then what criteria you can reverse upon? In payment processors like Paypal, they have supreme authority who control all your funds so you can open disputes and reverse transaction. But Bitcoin is decentralized and irreversible transactions add power to it!

I do really like the irreversible transactions on bitcoin and as you said thats already a guarantee authenticity of the transactions unlike on those government backed services like paypal they do really have the features on reverse transactions thats why they have their own advantages and disadvantages.

Banks always safe? What nonsense are you trying to tell us? There many, many cases of banks failures throughout history.

Not so long ago we have HUGE GLOBAL crisis caused by bankruptcy of one of the biggest banks in the world - Lehman Brothers.

In recent history, look at Greece and Cyprus, for example, there were numerous cases of banks which were unable to fulfill the demands of all of its depositors.

People were unable to withdraw their money from the bank, withdrawals were limited to €50 per day and some deposits were openly stolen by the banks to fix their dire situation.

Banks are important because they WILL be the root of the next major crisis, destabilising the entire economy system must end sooner or later.

When that happens everyone will line up to buy BTC like crazy.

What about in some countries that banks are highly stable and established a good foundation for decades? Don't just look at those bank problems in the past generally and only in some areas around the globe. Banking industry, no doubt, still a big institution that have a BIG role in servicing all the people. Not all bank services can be done ny only using bitcoin exchange, same with bank to bitcoin services.

What do you think of bitcoin, especially the exchanges ( since bitcoin must compared to a currency, so bank is to bitcoin exchanges) will never have a problem when being used?

You are the one who doesn't making sense here.

Not just in transaction fees, even earning Bitcoins is easy for them. And no one can compare the Bitcoin transactions with Bank transactions. Banks are too outdated, slow and cost u hefty fees in many countries.  :(

Learn some more about banks, history and economy first please. There is nothing like good established bank. Even the biggest bank can fall.

Lehman brothers was considered to be one of the biggest (over $600 billion in assets), most trusted and oldest banks in the United States. It is to this day the largest bankruptcy case in US history.

They were operational for 158 years from its founding in 1850 until 2008. Pretty trustworthy and established business with good foundation, don't you think?

I think bank and bitcoin we cant compare like that. We know the bank is not the currency, they are legal institutions that manage money. Unlike bitcoin, bitcoin is digital "currency". Moreover, at this time we still need a bank, no bank we could not take our bitcoin. Due to the difficulty using bitcoin in buying our needs.

For op, bitcoin is very helpful in my life. With bitcoin student like me can make money without having to get out of the house. Thank you

i think either than a currency it is the best source of investment and i think this is the best thing of the bitcoin which attract users towards it...... i think this make bitcoin better than any other bank or any other third party....... we can also earn it through different source....... for stable source of income bitcoin is best..... you can earn a decent money by less effort......

That's what I meant. Earning and transacting Bitcoin has become more popular and easy now than anything. People who know about Bitcoins and earn them are more likely to use Bitcoins than in fiat.  :)

It is true but I can't say yet that Bitcoin has defeated the purpose of Banks. Right now Bitcoin has lesser function compared to banks. Banks can do credit payments which bitcoins cannot, Bank payments is almost accepted eveywhere while Bitcoin is not, and also Banks can protect your money without depending on you which is a big factor to determine if Bitcoin is really better than any banking system.

for the current bitcoin payments tends a way that is very easy and practical. I am a person who has high mobility.
I will use bitcoin every day. This is a new lifestyle in the world today.

It's not so easy. BTC are easy to get for migrants in Europe, but it's difficult and expensive for their relatives in Somalia or Chad to convert those BTC into local currency.

Maybe the applications of bitcoin payments or the entire system might be limited but the freedom and advantages one individual person may get would be more when comparing against traditional banking system. The definition for a  better system might be differing person to person and hence even you statements are true, bitcoin is sailing in different directions.

Well, bitcoin is better than it all. bitcoin help my life by giving me a monthly income, although it is not too much, but I felt that it was enough to make me better. Any Banks And Any Other Third Parties have never made my life better. so, I feel that bitcoin is better than them.

"BuyWithBitcoin.info", if not Bitcoin, we would never become partners, that's why i love Bitcoin :).
We can now make a living from it!

Bitcoin provides a great option to send and receive payments online for people in my country, it's relatively hard to use the regular payment processors here like Skrill, Neteller. And therefore bitcoin covers that need. although it's still not massively adopted, but it would be working in the direction of making the needed population make use of it.

Bitcoin has been helpful not just to us, but for those merchants too who are not just interested in earning something which has a fixed value, but who want something that's emerging as a currency with higher liquidity in order to get something high for the same amount they get few time back, even the other day.

I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.

I must, unfortunately, say that it's not true that bitcoin is faster than the bank or other third parties such as PayPal in term of sending money. It's right that bitcoin is far cheaper than PayPal or even your local bank but sometimes the transaction takes more than 15 minutes whereas with third parties or bank your money will arrive at the destination as soon as you click the send button, even with the international transaction.
With bitcoin we can have full control of our funds, it might be one of the main advantages when you're using bitcoin but when you're facing the security problem such as hacking activities and so on which make your money get lost, there's no insurance to cover this.

Yes but use Paypal is more complecated than use bitcoin for sending money between countries,
as we know it is revisible payment the payment can be canceled.
Also Paypal needs our identity if we want use it for large amount transaction,
I have used Paypal with limited account until righ now it is still can not be used
they have bad costumers services that is my experience using third parties.

Yeah,I also think that
bitcoin is better than any
other banks because bitcoin
makes your transaction easier
and and it is a great way of income.

every currency had institution have their own perspective and motiv and everyone have advantange and diadvantage of their services. so I would support bitcoin over traditinal banking system as it is highly secure and safe and it doesn't get hacked easily. but with banking system it is difficult to send and receive money. we have to go a long process to get our money transferred and even then we are unsure of its safety in various website. butcoin wis completely fearless for me.

Sending bitcoins is very fast and with just one click of the finger you have already send an amount to any parts of the world on which banks cannot do. Aside from that you will enjoy the interest rates of your bitcoin from the price inflation in the market while the banks doesnt give you sufficient interest rates. Bitcoin gives you 10$ to 50% or more yearly while banks has only 1 to 2 % in their time deposit.

The fact that we can control it is a good idea because we know where to spend it and where to use it. But it also leads us to a downside which there will be no guaranteed safety that your Bitcoin/Money will be lost because with our owns I cant guarantee you it is not safe as a bank on how they secure and protect your money. Also there is a ton of features that banks can give you that Bitcoin cannot.

i like your said about we can control our bitcoin and yes i am agree with you. there is more benefits from bitcoin that we can use, and we know that to send our bitcoin is cheap. we can send that amount to other people, without have any limitations, and the best thing we only wait for completing the confirming of the transaction. but unfortunately, we need to wait at least one hour to completing the transaction but i think its no problem at all.

and for me, i believe that bitcoin is helping me to earn money from doing trading bitcoin pair altcoin and exchange bitcoin to fiat when the price is high.

Banks have higher fees than bitcoin because it is not like bitcoin, which is decentralized. And yes, bitcoin helps many people in every way, specially those people who have problems about financial, but bitcoin solved that problem, and that is awesome and banks can't do it. Earning bitcoin is free for everyone who is willing to do bitcoin, it is not like fiat which you have to have a degree or talent to earn, because in bitcoin, the only requirement is you are willing to do it, you are dedicated to it.

And it changed me, bitcoin changed me for the better, bitcoin also helps me with my financial problem and now, I am not asking money anymore to my mother whenever I want to buy something that I want, because all I need to do is to convert a certain amount of bitcoin that I need, just simple as that.

You will never feel freedom with banks. Bitcoin is about freedom.

I think it's yes to me. because it's easy to use&not need to go outside i meant not need to go bank we can withdraw in home&not take too much time.

Exactly bitcoin is better than banks and any other parties but it really needs bank to cash it and exchanged it to fiat currency money most of the time. We must grab most of its opportunities while the price is still high and don't wait for the sudden fall because it may lowers down all your profit.

while choosing  a payment processor by comparing the transaction fees  yes bitcoin is the best alternate till now for the lowest transactions, anyway it still getting rising fees everyday because more and more people joining the bitcoin network and more and more new transactions are  taking place we need more miners or else the fees are going to reach the bank like situations

Im thinking the same thing too specially on fees on each transaction on bitcoin transfer because if there are lots of users miner fee will eventually go up too for your transaction to be put up on priority and as you said it will come to the point that it will reach out same on bank fees.I hope there would be a solution on this.

For me Bitcoin is better than banks for more than a year. In my city i can buy everything with Bitcoin.

although now its also become easy to send money using banks. but i think they have more formalities and you must have have to go to banks for dong that but when you are using bitcoin then you can do that even from your house and do not need to go to anywhere.

Bitcoin will always be better than any banks and any remittances, in terms of flexibility, the fees is very low and much more secured and safest way of sending money to your love ones in other countries.

In reality bitcoin makes people lazy. Banks too have the access from anywhere availability same as bitcoin. Only for the deposit needs we need banks, other than that we can just sit in front of system and can make the necessary transactions with ease. Each at some point will be prioritized.

Bitcoin sure is suitable for a global payment, just unfortnately bitcoin is still not really famous, so if the migrants sent using bitcoin, the family still need to convert to fiat, but in the future when everything can be bought using bitcoin then bitcoin will become perfect solution for sending money globally

Even with the higher fees we now have to pay for bitcoin to go through in a timely manner it is still much cheaper to send Bitcoin than it is to use traditional remittance methods like Western Union, that's for sure.

Maybe I used wrong places, but actually my experience with transferring bitcoins into cash was costed the same 10% fees. First I payed to my bitcoin wallet to transfer bitcoins to an exchanger. Then I payed to exchanger to ecxhange bitcoins into my national money. Then I payed to exchanger again to move money to my another online wallet which works with my national money. And then I have payed to that site to transfer those money on my card. In sum it was ecxactly 10% fees. I don't like it a lot and would like to skip all of that somehow. Ideas?

Western union, PayPal or other local exchanges will cost us too if we need to do as international transfers. Bitcoin will be the best options cross over this gap with the less and much faster to reach the concern wallet any where in the world.  Then if see any money method. Bitcoin is the only money which can act as money and money payment platform.

bitcoin is really better compared to those 3rd parties and any other services regarding money transfer because in a few clicks we could able to transfer money without any hassle and compared to transfer times it might be slowed down if there spam in the network but if not transaction does confirm so fast.

I may be better but,
You can never  predict.
Banks are always there on a safer side.
 You can always claim your cash back if any problem occurs.
In case of bitcoins if your wallet is gone,
It would be difficult to get it back.
All your hard work will go waste.
On the better side,
 transactions seem to be a bit easy in BTC.
There is very less scope of you not understanding something.
So here,
It can't say that which of the two are better,
Both are equally important.

Certainly, Bitcoin has surpassed all those payment processors interms of low transaction fees, global money transfer without bureaucratic verifications.

There's no doubt Bitcoin is better than western union and the others because it offers no verification before processing transactions therefore our privacy and anonymity is protected. Tge transaction fees are also less compared western union and moneygram.

Bitcoin is the best payment system that i know as of now because it is fast and very cheap compare to the banks or any third parties, I believe that every people deserve to use bitcoin as their payment system because they can save a lot of money,time and also effort because they don't need to go to some places in order to do transactions because they just need internet and computer or even cellphone then they can do transactions easily.

For me: I can play poker online again, in America, without worrying that the Department of Justice will shut the site down, freeze my assets for three years, and make me jump through all manner of hoops to get it back. Basically, freedom from being robbed by my own government (always assuming that they're not willing to beat the password out of me, which I suppose is always possible. But things haven't gotten quite that bad yet).

besides faster certainly using bitcoin you would not be at intervention by any party because there is no control of anyone.
You are free to use bitcoin for anything without rules

Of course, I consider bitcoin is the best currency in the whole world. bitcoin can help me in my life. I can buy or sell easily from the internet. I don't need a credit card or banks or anything else, which it's obligate to paying taxs or doing annoying things.
It's simple to use, Send and recieve money is nice. with one click you can do that. There is other factor, for exemple bitcoin wallets are secures, personally i use two wallet: blockchain and xapo. which they are great wallet. One other thing, The transfer of bitcoin is untracked so you can enjoy this feature.

Bitcoin Is Better Than Any Other Any Third Parties Banks And, I think this is quite true. Bitcoin is completely free, it was founded to serve the people. Bitcoin is traded without the control of the organization such as a bank or other financial institution. I think it's probably better that makes Bitcoin banks. Besides Bitcoin is also a pretty good economical reserves. However, at present, the cost of Bitcoin transactions are not low, it is increasing. Banks generally safer and less risky than Bitcoin because of the protection of the State. I think they should use both, Bitcoin and banks use cash because they can support each other

Bitcoin as decentralized digital currency technology has advantages compare to traditional bank system or moneygram, depends on the situation obviously. Just like what you had mentioned, migrants could send money to their families through bitcoin without higher fee. But transaction inside the country, banks are better than blockchain because the current unconfirmed transaction has reached over 78,000 which causes higher fee around almost $1. But, if I send money through bank service, it is totally free without any charge.

Bitcoin is a great way of sending money internationally. There can be some fees when collecting the sent amounts, but it's less that what would have been paid with those other money transfer services. There's even the chance of the value of the received amount having appreciated (By the time the person receives the Bitcoins and exchanges them, the price of Bitcoin might have gone up). It can't be said that Bitcoin is better than banks because both have their advantages. Bitcoin transactions are very fast but banks offer safety, and the funds are legally secured.
3rd parties are needed to exchange Bitcoin to other currencies so they are not made obsolete by Bitcoin.

As an international traveler with family all over the world- bitcoin has proven to be a blessing for me. Especially in the African continent where people are quick to adapt. For me money transfer is very easy and even my family is encouraging others too for adopting bitcoin.

bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank

think about the possibility to have a world with only one currency wthout any bank or people that work there

you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday

If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible.
Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer.

If and when physical cash is done away with, Bitcoin will be one of the trusted replacements.

This is a great news that you can use bitcoin together with your family and have fun on traveling using bitcoin. This is why bitcoin is better than bank because bank needs establishment where not all places have any atm machines where you can access it. Bitcoin is accessible even in the travel on your laptop etc.

As quoted bitcoin has given the anywhere accessing option. This serves as an added advantage to most of the users who involve into continued traveling all around. Even now we are depending on some third party, but this has given us a priority and have increased trust on those service providers.

Bitcoin has solved the money problem in my life, as it is a savings account THAT ACTUALLY WORKS TO SAVE!

Because bitcoin has emerged as the undisputed king of store of value asset, there is no better way in the world to beat rising costs of rent, education, traveling, healtchare, etc.

It does a better job than stocks, than gold, than real estate, than bonds.

Fiat (currencies) meanwhile have been relative trash buying less and less goods and services as years go on.
As long as Bitcoin remains scarce/limited in supply, remains decentralized via small blocks/PoW, & immutable, Bitcoin will continue to be the best store of value on the planet.

If anyone reads this and wants to understand the dynamics of why this is, please read this post titled: "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 (https://bitcointalk.org/index.php?topic=1834310.0)

it will be stable when will reach full adoption, because everyone will have its portion of the supply, bitcoin is divisable and there are plenty for everyone in the world,

the instability will not be an issue anymore actually, if there are no fiat and Bitcoin have no countervalue in fiat, because you don't need to dump, you use bitcoin as it is like a currency

The main problem is the supply, It is limited and even though there will no problem with the instability of the price then there is still a problem with bitcoin if it is the only currency in the world that we use and that is the enough stocks or supply for all of us in the whole world. If bitcoin does not have a unlimited supply then it is still impossible for bitcoin to be the only one and most used in the whole world.

It is limited because the smaller denominations (satoshis) don't have enough value currently and so just the 21 million Bitcoins looks like a limited supply for the whole world but if it gains much value so much so that a Satoshi is equivalent to a dollar (1$) then I bet this argument if limited supply will cease.

Bitcoin is one of the thigs that could be turned into something else. The whole point of the technology within Bitcoin is that it could scale up the Digital Currency payments that each person makes whether that be online or off the Internet.
Bitcoin will get larger than Banks if Fiat goes away, though the average person will not be able to purchase a whole Bitcoin because the price will most likely be too high.

Nothing will replace anything as it is good as it is. The only thing I am asking for Bitcoin to have is to have more or an increasing acceptamce in the world. I like the idea that tge Overseas Workers will send their money via Bitcoin in order to have a cheaper alternative than Money Transfers or Bank Transfers and later the family of the overseas workers will convert it to fiat. But what you like to happen is to replace the Fiat system entirely which will not happen. Let us just hope that this can be a wake up call to companies that charge so much for your hard earned money if this sort of thing happen in the masses.

Bitcoins had brought of a lot of relief to third world countries in term of remittance of funds. bitcoin serves better than than western union money transfer and money Gram There is much demand for verification when you want receive money Gram but with bitcoin everything is now simple.

look at the features of the bitcoin then I am sure that bitcoin is the best at this time.
many things we can do, perform many financial transactions with just a few steps. while the Bank still has some limitations.

To be fair, besides of all those limitations given by the banks, the features they were provided since centuries ago could please their client whereas bitcoin, in my opinion, could only please the minority of them.
Overall, with the bank, you can still perform many financial transactions as much as what bitcoin can do with ease regardless of its limitations, it's at the same time also means that bank actually still above bitcoin based on comparison about its feature regarding financial transactions.
Probably y'all already looked down on bank without even making a fair comparison, thus, blinded by your idealism, though, it's right to defend your idealism as long as it's for the sake of good purpose.

Bitcoin is definitely better than moneygram and western union. It provides more flexibility and independence to the people of small and third world countries. There are many countries where it would be hell to use other payment processors. Bitcoin is definitely faster than other third parties.

the different of bitcoin from moneygram and western union is we don't have to fill our identity in our account and beside that i think the fee is is more big depending with bitcoin. but actually i am not yet to used moneygram but i have experience in the past with western union so i still prefer to use bitcoin rather than moneygram and western union. for western union, we should come into our bank to withdraw our money but we need to have something like key (unfortunately i don't remember what is the name) so we can process the withdrawal.

Bitcoin is better when it comes to international and big money transfer.

Some people like a guideing hand in simple matters and those people will never admire the ability to make money transfer without the need of a third party. Those people are most of the time not willing to make international and/or big money transfers.

So the bitcoin could be valued by a certain type of people and the rest will not see the potential in it. Thats how it was supposed to be. Bitcoin will not become mainstream in a culture of a third party guidance of every aspect of a life.