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DeDordtenaar
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October 15, 2016, 01:00:49 PM |
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Bitcoin have many advantages like i can pay bill direct to my bitcoin wallet.
Its easy to send money using remittances if you want to send money instant to your family.
true what you say that using bitcoin to send money is a good thing, in addition to bitcoin is very fast and simple, fee that is given is also very cheap, wherever you are you can send bitcoin to any country in a single click. I really liked this excess bitcoin |
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caxandra
Member
 Offline
Activity: 96
Merit: 10
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October 15, 2016, 04:41:25 PM |
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Easy, simple to use with just a single click of a button, Cheap "just a 4 cent fee per transaction". No tx restrictions and no identity information needed therefore offering the user good privacy. available worldwide and can send tx to anyone in the world.
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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October 15, 2016, 04:51:37 PM |
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Bitcoin have many advantages like i can pay bill direct to my bitcoin wallet.
Its easy to send money using remittances if you want to send money instant to your family.
true what you say that using bitcoin to send money is a good thing, in addition to bitcoin is very fast and simple, fee that is given is also very cheap, wherever you are you can send bitcoin to any country in a single click. I really liked this excess bitcoin Bitcoin is fast when it comes to international transactions, but for anything that is a shorter distance than that it is relatively slow compared to a lot of other payment methods. Credit cards, cash and PayPal all have Bitcoin beat when it comes to transaction times for domestic purchases. Once you know what you're doing with Bitcoin, then it definitely is easy to use. The challenge is getting people to that point. |
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mobilestrike
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October 15, 2016, 06:08:40 PM |
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The advantages of bitcoin over traditional banks is that it has a faster way of transactions and the fees are more lower. and if the banks will feel the need then they will try to adopt bitcoin as in the future without that they will not be able to get the profit.
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garmerys
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October 15, 2016, 06:16:12 PM |
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please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
There are about 100 threads about the same topic. Just use the search bar and search the forum for previous threads. Those questions are answered 1000 times here. But searching here and there can be a bit tedious, if yo can just help in providing links to those sources and paste it here i think that will be be helpful and save time for anyone interested in knowing this. |
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Bitcoinsummoner
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October 15, 2016, 06:35:39 PM |
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The advantages of bitcoin over traditional banks is that it has a faster way of transactions and the fees are more lower. and if the banks will feel the need then they will try to adopt bitcoin as in the future without that they will not be able to get the profit.
But they are still not the same as banks that you can hold without worrying and safe.. unlike in bitcoin we dont know that bitcoin will be still alive in the future or not.. |
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Das
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October 15, 2016, 06:41:28 PM |
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One major advantage no one seems to want to mention is that you can make some extra cash trading bitcoins due to its fluctuating price.
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Superways
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October 15, 2016, 06:54:50 PM |
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The transactions through banks are restricted to certain countries while if you will transact your money in bitcoins then you will not face any restrictions and you will easily send your bitcoins to any part of the world.
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croutonhexagon
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October 16, 2016, 10:48:53 AM |
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I bitcoin there is no boundary and no one can control you you are your own bank and you have full freedom. You can store bitcoin online, offline or in paper in form of QR codes. You cancan transact within a minute that too without much fees. There is country barrier all you know is bitcoin is a network and everyone can use it equally.
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Blitzboy
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October 16, 2016, 12:14:48 PM |
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Well, there are so many advantages of bitcoin need to be listed here. First, you can send bitcoin anonymously, no one can find out who send that or this bitcoin. Second, bitcoin is sent in the fast and convenient way without any extra fees or taxes. Bitcoin will be in your wallet after 0 confirmation. Finally, you can earn bitcoin online
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greBit
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October 16, 2016, 12:26:23 PM |
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Well, there are so many advantages of bitcoin need to be listed here. First, you can send bitcoin anonymously, no one can find out who send that or this bitcoin. Second, bitcoin is sent in the fast and convenient way without any extra fees or taxes. Bitcoin will be in your wallet after 0 confirmation. Finally, you can earn bitcoin online
Yup bitcoin holds multiple benefits and its hard to point which is the best one out of them, the best thing I love about bitcoin is that I don't have to visit banks for online remittances who charges heavily and now it can be easily done with bitcoins with least fees. |
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Noctis Connor
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October 16, 2016, 12:41:58 PM |
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Bitcoin have many advantages like i can pay bill direct to my bitcoin wallet.
Its easy to send money using remittances if you want to send money instant to your family.
yeah I also agree that bitcoin is a method of sending money is very nice, simple, fast and low fees, but for the moment we could not fully utilize this facility. because we are difficult to use bitcoin as a currency or payment method I also using bitcoin si send money worldwide like im going to have some deals with clients or etc that has low fee's and im using bitcoin wallet that based on my country to take those advantage like on withdrewing the bitcoin from fiat. |
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shinratensei_
Legendary
Offline
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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October 16, 2016, 01:23:52 PM |
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Bitcoin have many advantages like i can pay bill direct to my bitcoin wallet.
Its easy to send money using remittances if you want to send money instant to your family.
yeah I also agree that bitcoin is a method of sending money is very nice, simple, fast and low fees, but for the moment we could not fully utilize this facility. because we are difficult to use bitcoin as a currency or payment method I also using bitcoin si send money worldwide like im going to have some deals with clients or etc that has low fee's and im using bitcoin wallet that based on my country to take those advantage like on withdrewing the bitcoin from fiat. The confirmation of bitcoin are can breaking it, like you can't using bitcoin if get an urgent need and really need an amount in this time. you must spend some of your time for waiting for the bitcoin and can't get it for instantly. |
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MWesterweele
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October 16, 2016, 01:33:43 PM |
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please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
The advantage of using bitcoin is you can really send bitcoins world wide and ofcourse there are minimum when you are going to send bitcoin from your family and the bitcoin system is really safe like banks system and our tradition in bitcoin is we are just using it as the currencies to trading. |
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dollarneed
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October 16, 2016, 02:03:29 PM |
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please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
People has mentioned all of the advantages of bitcoin above. However technology behind bitcoin the blockchain is adoptable for bank system. Like a book and a recorder for the world, not only for changing the traditional of the bank system it also could use for others to. If it adopted on bank system it could reduce the need for intermediaries to validate financial transactions, also it would reduce costs and make the transaction is faster. |
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densuj
Legendary
Offline
Activity: 910
Merit: 1000
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October 16, 2016, 02:12:03 PM |
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One major advantage no one seems to want to mention is that you can make some extra cash trading bitcoins due to its fluctuating price.
Yes exactly, and we can trade altcoins too that needs small amount of capital than trading bitcoin to fiat that needs much amount of capital, and the other advantages from bitcoin with trading is i can trade with arbitase strategy between markets bitcoins or altcoins. |
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ged00u
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October 16, 2016, 02:33:29 PM |
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I think the biggest advantage of bitcoin is the profit from it when we hold it for a while, and also the convenience of it when it comes to money transaction. And it makes paying money for online jobs easier because it's worldwide and it isn't limited by any banks.
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tee-rex
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October 16, 2016, 03:07:05 PM |
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please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
People has mentioned all of the advantages of bitcoin above. However technology behind bitcoin the blockchain is adoptable for bank system. Like a book and a recorder for the world, not only for changing the traditional of the bank system it also could use for others to. If it adopted on bank system it could reduce the need for intermediaries to validate financial transactions, also it would reduce costs and make the transaction is faster. In my opinion, banks won't be quite happy to delegate the authorization of financial transactions to a sort of decentralized system like that of Bitcoin. To be honest, I don't quite understand how the blockchain technology can be used in the banking sector outcompeting or supplementing existing technologies, though many people claim that it can be quite useful for banks. Could you expand more on how the blockchain can be actually used by the banks? |
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diodio5
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October 17, 2016, 11:12:51 PM |
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Bitcoin is the only currency which can't be stolen if it stored securely, you can store Bitcoin in cold storage for years and no worries about it, while fiat money might be stolen whether you use credit card or physical money, even banks accounts are not fully protected.
nope i think any currency crypto, virtual money, cash money I think it could have been stolen, depending on the security on your account yourself, if you save your fiat money in the bank and you're always careful when using atm of course it would be safe, I think it depends on each person's own, but I agree if bitcoin safe. |
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blackmachinegun
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October 17, 2016, 11:58:15 PM |
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Bitcoin is the only currency which can't be stolen if it stored securely, you can store Bitcoin in cold storage for years and no worries about it, while fiat money might be stolen whether you use credit card or physical money, even banks accounts are not fully protected.
is it you never heard that there are people who lose their bitcoin as stolen. maybe it was their fault because of a phishing or other types, but any account to save money could have been stolen, so I hope you can be careful in saving money, including saving bitcoin |
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