advantages of bitcoin

[deisik]

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

Bitcoin is recognized in the countries which are most powerful and influential in the world, both economically and militarily, such as the US, EU, China, Switzerland and Russia (to a degree). The fact that Bitcoin maybe prohibited from use by some rogue government or dictatorship doesn't change much for Bitcoin in the general scheme of things. As a rule, the countries where Bitcoin is banned have high inflation rates, and this pretty well explains why the authorities may be very hostile toward Bitcoin, for example, in Venezuela. That's why people would obviously prefer Bitcoin to their crippled national currencies...

I mean, as a means of preserving the purchasing power of their savings

[Xester]

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

Bitcoin is recognized in the countries which are most powerful and influential in the world, both economically and militarily, such as the US, EU, China, Switzerland and Russia (to a degree). The fact that Bitcoin maybe prohibited from use by some rogue government or dictatorship doesn't change much for Bitcoin in the general scheme of things. As a rule, the countries where Bitcoin is banned have high inflation rates, and this pretty well explains why the authorities may be very hostile toward Bitcoin, for example, in Venezuela. That's why people would obviously prefer Bitcoin to their crippled national currencies...

I mean, as a means of preserving the purchasing power of their savings

Yes!i strongly agree with this. Bitcoins are internationally recognize. No wonder if bitcoins will consider as international digital currency. Since bitcoins are internatinally recognize, u can use it even in other country once you travel. It is also not easy to exchange because many exchanger already recognize bitcoins. Aside from that. Bitcoin transaction is fast and had low fees.

[(altair)]

There are many advantages of bitcoin. Like it is convenient to use, there is no age limit where it comes from earning it or you don't need to be some kind of professional to earn, has smaller fees than banks, and great value when converted to fiat.

[Taki]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

There is so many things to say about this point and I think the most users who already commented this thread before me have said enough.  To me bitcoin is the new area of money and all financial system. But bitcoin is young and it does not show itself yet. As well bitcoin is vulnerable.

[FrannWilder]

The bitcoin has a lot of advantages but one of the biggest ones is that it is anonymous what is making it very nice if you are asking me..

[CyberKuro]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

The best of bitcoin is the value that increases as the time goes on and we don't know yet how much the end of the price to set stable, it could be $1000, $10000 or $100000/BTC1. Because of that, bitcoin is suitable investment for everyone, low cost to buy and higher price to spend. Totally avoided from fiat money inflation and banks system that take your money away.

[BitcoinPanther]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

The best of bitcoin is the value that increases as the time goes on and we don't know yet how much the end of the price to set stable, it could be $1000, $10000 or $100000/BTC1. Because of that, bitcoin is suitable investment for everyone, low cost to buy and higher price to spend. Totally avoided from fiat money inflation and banks system that take your money away.

Or it could be worthless.  Once the authority act against bitcoin, declare that it is illegal, and track down bitcoin user and put them in jail, all our dreams of it reaching million dollar will vanish.  I am not being pessimistic here just my wild imagination in action.


Still the advantage of bitcoin is it enable us to send currency anywhere in the world directly without using any third party processor or remittances.  If ever bitcoin is accepted by the government, we can see the beauty of the ease of sending money to our love ones.

[cramcram21]

I think the advantages of bitcoins are its easy to use,pretty easy to have some satoshi so you can earn some money without even spending out some of your real money,and of course its anonymity even kids can use or have a bitcoin wallet so they can earn some

[uneng]

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

Bitcoin is recognized in the countries which are most powerful and influential in the world, both economically and militarily, such as the US, EU, China, Switzerland and Russia (to a degree). The fact that Bitcoin maybe prohibited from use by some rogue government or dictatorship doesn't change much for Bitcoin in the general scheme of things. As a rule, the countries where Bitcoin is banned have high inflation rates, and this pretty well explains why the authorities may be very hostile toward Bitcoin, for example, in Venezuela. That's why people would obviously prefer Bitcoin to their crippled national currencies...

I mean, as a means of preserving the purchasing power of their savings

Yes!i strongly agree with this. Bitcoins are internationally recognize. No wonder if bitcoins will consider as international digital currency. Since bitcoins are internatinally recognize, u can use it even in other country once you travel. It is also not easy to exchange because many exchanger already recognize bitcoins. Aside from that. Bitcoin transaction is fast and had low fees.

Don't go to countries banning bitcoins, those are junk countries. Their governments are corrupts, don't have any respect for citizens, the violence tax is high and you will find many illegal things and persons trying to steal you.
Countries that don't respect individual rights should be defenestrated by decent countries. Bitcoin will reveal many dictatorial behaviors yet.

[Ejinx]

It is not visible you can move it anywhere around the world

[lakisis]

there is many advantages of bitcoin like as we can send our bitcoin in any amount to anywhere and bitcoin transaction fees is much lower than bank and its transaction is also too much faster and bitcoin increasing its value too much faster.

[xIIImaL]

there is many advantages of bitcoin like as we can send our bitcoin in any amount to anywhere and bitcoin transaction fees is much lower than bank and its transaction is also too much faster and bitcoin increasing its value too much faster.

Yeah agree you points bro, I would say anonymous is best thing in bitcoins, addresses are like a open ledger where we can easily find all the transactions of one corresponding address. Its is better competitor for PayPal , wu and other exchanges as well.

[StevensonCarl]

The advantages from the bitcoin is that you can use it everywhere and its also just a nice currency to use for payments, its easy and fast.

[dotajhay]

The advantages from the bitcoin is that you can use it everywhere and its also just a nice currency to use for payments, its easy and fast.

Bitcoin is the best for all the internet currencies and easy to transact and it is anonymous that the receiver will not knos your information not like putting credit card info to the website before you can buy items.

[Kasabus]

The advantages from the bitcoin is that you can use it everywhere and its also just a nice currency to use for payments, its easy and fast.

Bitcoin is the best for all the internet currencies and easy to transact and it is anonymous that the receiver will not knos your information not like putting credit card info to the website before you can buy items.

Being anonymous would give us convenience to transact online, there's no much of a requirements before we can transact.

The hardest part of my experience was when I need to comply with the KYC of my local exchange but other than that, everything went smooth.

To be able to gamble regularly is already something I can consider as the advantage, plus the fact that we can earn in different investment then it's really great to stay here and I think it will be longer as long as bitcoin exist.

[Pattart]

There are many advantages of bitcoin. Like it is convenient to use, there is no age limit where it comes from earning it or you don't need to be some kind of professional to earn, has smaller fees than banks, and great value when converted to fiat.

yeah you do not need to be a professional to be able to produce bitcoin. because even a small child can get a lot of bitcoin faucet or game. and many other advantages offered by bitcoin

[Sled]

There are many advantages of bitcoin. Like it is convenient to use, there is no age limit where it comes from earning it or you don't need to be some kind of professional to earn, has smaller fees than banks, and great value when converted to fiat.

yeah you do not need to be a professional to be able to produce bitcoin. because even a small child can get a lot of bitcoin faucet or game. and many other advantages offered by bitcoin

You can't get a lot of bitcoin on faucet or other kind of games that gives satoshis or bitcoin because they always give small amounts and it's not even fair enough for a child to buy school supplies. I agree with you that a small child can get bitcoin because of the games out there that give small satoshis but for a child, it is not all about the money or amount of satoshi that is given because it is all about fun on doing or playing those different games that offers bitcoin as a prize

[passwordnow]

The advantages from the bitcoin is that you can use it everywhere and its also just a nice currency to use for payments, its easy and fast.

Bitcoin is the best for all the internet currencies and easy to transact and it is anonymous that the receiver will not knos your information not like putting credit card info to the website before you can buy items.

You forgot one of the best thing about bitcoin, for each transaction that we make the fees are cheaper than the usual transaction fees we have used before. And also one of the advantage of bitcoin now is many merchants are already accepting bitcoin even though they are still in the process of adoption and adjustment still that's a good advantage for us who uses it.

[Przemax]

The biggest advantage of bitcoin is that its digital and cash in the same time. Outside of that its  like gold, bank money, cash and paypal at the same time having all of those money advantages. It has lower fees and and lower available transactions. The biggest drawbacks are possible security issues, but everything comes with a price.

[Agraoclya]

There are a lot of of advantages these days and I think that its pretty hard to say what cannot be done with the bitcoin.