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Bitcoin has a lot of advantages.
1.Mobile payments the easy way. All you need to do in order to receive Bitcoin payments is to display the QR code in your Bitcoin wallet
app and let your clients scan your smart phone, or use the built NFC radio technology.
2.Control over your money: Bitcoin can give you control over your money and a strong level of protection against many types of fraud.
3.Everywhere and anytime: The bitcoin is up always – 24 hours, 365 days a year. Of course, the internet must be on.
4.Sending international payments – fast and cheap: Sending bitcoins across continents is as easy as sending them across the street.
There are no banks in our way to make you wait 2-3 business days, no extra fees for making an international transfer,
and no special limitations on the minimum or maximum amount you can send.
5.Choose your own fees: Fees are unrelated to the amount transferred,
so it’s possible to send 1000 bitcoins for the same fee it costs to send 1 bitcoin.
6.Protect your identity: it is possible to send a payment without revealing your identity.
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Although bitcoin is still leading the market a lot of altcoins are now coming in shoulder to shoulder with bitcoin.
But if you follow crypto news trends, you will understand how altcoin is now surpassing the likes of bitcoin.
A lot of fantastic altcoin like Monero, Dash, Ripple has emerged that has many advantages over bitcoin.
We all know bitcoin has a transaction time of over ten minutes on average.
And this can take several hours in cases thanks to its very low block size.
Altcoins like Dash and Ripple have successfully overcome this problem and has a clear advantage over bitcoin at this point.
Mining of bitcoin is much expensive and difficult requires data center for it while altcoin like ripple can be mined using a mobile phone.
Altcoins have the benefit of experience. Bitcoin was the first and therefore issues that have arisen, such as ASICs, weren’t thought of.
Altcoins, on the other hand, can see where Bitcoin is going wrong and change their coin to prevent that from happening.
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I think it all depends on the kind of job one is doing. leaving your job will be the worst idea
if you are earning more in your work than crypto. Otherwise, one has to quit.
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I don't store my token in an exchange market because i do not have control over the wallet in the exchange market. I would rather suggest myetherwallet as a safe-enough, quick, easy and convenient choice. I create my wallet and generates a private key which i have full control.
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By the word Saving, it means putting money aside, bit by bit. You usually save up to pay for something specific, like a holiday, a deposit on a home, or to cover any emergencies that might crop up. Therefore, everybody should do their best to build up an emergency savings fund.Your emergency fund means you have some financial security if something goes wrong.Now that you’ve got an emergency fund, it’s a good idea to save up at least 10% of your earnings each month (or as much as you can afford). Set yourself savings goals and put away enough to buy what you want. This could be a house deposit, or a trip.If you've settled your debts, don't have many other expenses, and thus find yourself in a position to save to invest, I highly recommend it. Saving for an investment property, in particular, can provide additional income by renting it out on a short- or long-term basis. Outside of an investment property, you should be saving to become your own boss — if that's something you aspire to be — and the type of business you want to pursue will dictate how much you'll need to save.
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Hmmm. I wonder when my country will go out of its devastating mood. We are in Economic recession. It is a stage of the survival of the fittest. Where the poor gets poorer and the Rich gets richer.
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Taxes take many forms, too. When you work at a job to make money, you pay income taxes. Depending on how much money you make, a certain percentage (part) of the money you make is withheld (kept out of your paycheck and sent to the government).
When you buy things at a store, you also usually pay sales tax, which is a percentage of the cost of the item charged by the store. If you own property, you also pay property taxes on the value of your property.
Paying your taxes is considered a civic duty, although doing so is also a requirement of the law. If you do not pay your taxes, the government agency that oversees taxes — the Internal Revenue Service or IRS — will require you to pay your taxes or else face penalties, such as fines or going to jail.
The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters.
Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks. Taxes are also used to fund many types of government programs that help the poor and less fortunate, as well as many schools!
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Bitcoin has existed long before now and i heard of it but had no interest but look at me now. Am just a newbie.
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Yes. It helps us in our society both in our reasoning and actions. The difference is clear.
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