advantages of bitcoin

[gilangIDR]

a lot of advantages bitcoin compared with the virtual currency other words. bitcoin has very cheap delivery fee. and also transactions quickly. other than that bitcoin has a centralized system. so that no one could intervene against bitcoin.

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[tee-rex]

First of all we do not need have bank account. Not all people are owning bank account, aren't they? Especialy student and people of remote village. Bitcoin transfer is better than bank, so there is no different bank transfer money that not practicaly, really costly and need a long time to complete it. Also no maximum or minimum transfer amount. I think still the most important thing of bitcoin is the lower fee than bank.

First of all, we do need to have a bank account. Maybe right now, you don't need one because you can always sell your coins to someone personally and get the cash handed to you, but eventually you're going to be tired of doing that and choose to get a bank account. Exchange websites require you to have a bank account to get your bitcoins converted into fiat. Actually, even if you don't open a bank account for bitcoins right now, once you get a day job, you'll be forced to open one. That's just how the world works, we're basically forced to open a bank account to avail services and to get paid for our job.

   I need to have bank account cause my company send my paycheck there, they will not give me any money if I dont have account in specific bank. Like choppork said I'm forced to have bank account, and one day when I sell bitcoins I have I'll use that account. Not just me, all people are forced, they are earning on us and that is how they control us. With bitcoins is different, its matter of free choice.

As I can judge, many people are in the same boat, and they have use banks to get their wages even if they wouldn't use them on their own. A word of caution, if you are going to cash out and withdraw fiat to a bank account, don't use the account where you get your wages transferred to. The bank may block this account, and you won't be able to get money which you receive from your regular jobs. Some people have their accounts frozen for operations which the bank considered as suspicious.

Better open another account in another bank.

[Youresioure]

In 2016, keeping your funds in Bitcoin had better "interest" than any bank I know of. Hopefully, this will continue in 2017 until Bitcoin becomes more stable. I keep its potential Bitcoin's greatest advantage.

[winspiral]

The mainly advantage is that i can payout many many times little amounts of satoshi...
this was not possible with other ecurrencies because the fees would have eat all my earning.
Now with Xapo i have no fees when i send

[Rostadom]

In 2016, keeping your funds in Bitcoin had better "interest" than any bank I know of. Hopefully, this will continue in 2017 until Bitcoin becomes more stable. I keep its potential Bitcoin's greatest advantage.

I doubt that bitcoin will be stable in 2017. I bet people would start dumping once the price gets to 1000$ as most people here are talking about how they would sell their coins at 1000$. Right now we're at 900$ and there's not that much dump going on except for yesterday's dump that made bitcoin reach ~875$ but bitcoin did a quick recover after that and then reached ~915$ again. If someone made a pump and dump there, then he just made around 30-40$ per coin that he has. That's one of the main advantage of bitcoin, all these price fluctuations that can make your bitcoin grow.

[Labumi]

The mainly advantage is that i can payout many many times little amounts of satoshi...
this was not possible with other ecurrencies because the fees would have eat all my earning.
Now with Xapo i have no fees when i send

Payments are indeed became the main thing we have to think, because if we can't create revenue that we get then things will give you great harm and certainly our funds will be exhausted by the time quite short because it can't qualify well. So, profits in gambling is not also of costs but also can we get from anything else. As profits investing in bitcoin and also doing other things like trading, or loan

[crwth]

In 2016, keeping your funds in Bitcoin had better "interest" than any bank I know of. Hopefully, this will continue in 2017 until Bitcoin becomes more stable. I keep its potential Bitcoin's greatest advantage.

I doubt that bitcoin will be stable in 2017. I bet people would start dumping once the price gets to 1000$ as most people here are talking about how they would sell their coins at 1000$. Right now we're at 900$ and there's not that much dump going on except for yesterday's dump that made bitcoin reach ~875$ but bitcoin did a quick recover after that and then reached ~915$ again. If someone made a pump and dump there, then he just made around 30-40$ per coin that he has. That's one of the main advantage of bitcoin, all these price fluctuations that can make your bitcoin grow.

It's never really stable; it's part of bitcoin I think. If people start dumping, I guess it would be okay since it will be converted into fiat. Most people took advantage of the increased price of it. The Bitcoin is currently getting stronger, but it could make you rich and also poor if you've done wrong decisions.

[sabbirshm]

In 2016, keeping your funds in Bitcoin had better "interest" than any bank I know of. Hopefully, this will continue in 2017 until Bitcoin becomes more stable. I keep its potential Bitcoin's greatest advantage.

I doubt that bitcoin will be stable in 2017. I bet people would start dumping once the price gets to 1000$ as most people here are talking about how they would sell their coins at 1000$. Right now we're at 900$ and there's not that much dump going on except for yesterday's dump that made bitcoin reach ~875$ but bitcoin did a quick recover after that and then reached ~915$ again. If someone made a pump and dump there, then he just made around 30-40$ per coin that he has. That's one of the main advantage of bitcoin, all these price fluctuations that can make your bitcoin grow.

It's never really stable; it's part of bitcoin I think. If people start dumping, I guess it would be okay since it will be converted into fiat. Most people took advantage of the increased price of it. The Bitcoin is currently getting stronger, but it could make you rich and also poor if you've done wrong decisions.

Timing is very important fact here.We need to have the right knowledge about bitcoin.one good decision can make your life better.Since bitcoin is trusted and doesn't disappointed me.So,when bitcoin price was Under 500$, I bought 5btc.And now it's hitting 1000$.So, I am in very much profit.So,price of bitcoin is rising rapidly.This Is a very big advantage of bitcoin.

[StarofBTC]

The advantage of bitcoin for me was I think the transaction fees is very low, And through online bitcoin can be use too. It is also very affordable, convenient to anyone who will get involve here in bitcoin world. Lastly, Bitcoin is one of the kind of opportunity to anyone that can help people or individual to have an extra income.

Yes, the low Transaction fees are the best feature in bitcoin payment system that makes it better than all other online payment methods. It is super easy to use also and we don’t forget that the price is also increasing time to time that convert it into a great investment opportunity for all the people. Yes, advantages of bitcoin is unlimited literally.

[sabbirshm]

The advantage of bitcoin for me was I think the transaction fees is very low, And through online bitcoin can be use too. It is also very affordable, convenient to anyone who will get involve here in bitcoin world. Lastly, Bitcoin is one of the kind of opportunity to anyone that can help people or individual to have an extra income.

Yes, the low Transaction fees are the best feature in bitcoin payment system that makes it better than all other online payment methods. It is super easy to use also and we don’t forget that the price is also increasing time to time that convert it into a great investment opportunity for all the people. Yes, advantages of bitcoin is unlimited literally.

I also agree Low transaction fees is the best advantage of Bitcoin.Bitcoin transaction is also Fast,easy and untraceable.Again,bitcoin price always increasing and it's another advantage of bitcoin.People can recharge their mobile online by bitcoin.Overall, bitcoins advantages can't be expressed in a day.

[choppork]

I also agree Low transaction fees is the best advantage of Bitcoin.Bitcoin transaction is also Fast,easy and untraceable.Again,bitcoin price always increasing and it's another advantage of bitcoin.People can recharge their mobile online by bitcoin.Overall, bitcoins advantages can't be expressed in a day.

It's low when you compared it to other ways of sending money especially when you're going to send money to another part of the world. But, there are things that you should consider when you're going to choose "low" in the transaction fee. Low transaction fees come with disadvantages. Transactions with high fees would be confirmed first and the low ones will be confirmed for a longer time, thus, that contradicts the "fast" transaction time. When it comes to transaction fees and transaction time, altcoins beat bitcoin.

[katrimans]

The advantage of bitcoin for me was I think the transaction fees is very low, And through online bitcoin can be use too. It is also very affordable, convenient to anyone who will get involve here in bitcoin world. Lastly, Bitcoin is one of the kind of opportunity to anyone that can help people or individual to have an extra income.

Yes, the low Transaction fees are the best feature in bitcoin payment system that makes it better than all other online payment methods. It is super easy to use also and we don’t forget that the price is also increasing time to time that convert it into a great investment opportunity for all the people. Yes, advantages of bitcoin is unlimited literally.

It is true that the bitcoin has less transaction fees, but also the bitcoin is much easier to use than using real money all you have to do is send the money to the designated address , and it is much safer than using credit cards because you don’t have to enter any personal information so you are totally safe from hackers and key loggers.

[Superways]

The best advantages of bitcoins is that u dont have to go to banks for bitcoins and the security is pretty good in heee and there is no involvent of third party in case of any transactions.

I think for the moment we still need fiat, because bitcoin not be relied upon to perform transactions offline, for security issues I admit bitcoin have good security for your money and your identity

It is right that offline use of money in bitcoin is not possible but in the current time most of our activities are performed by us online and we feel more convenience when we pay for any service online and shopping nowadays are going online even in third world countries.

[Roboabhishek]

There are a lot of advantages in using bitcoin -
1 - In certain situation or your earning source you can save tax
2 - While sending payments you will not be trace down easily.

[Positid]

There are a lot of advantages in using bitcoin -
1 - In certain situation or your earning source you can save tax
2 - While sending payments you will not be trace down easily.

The best advantage there is to do away with taxes, it's our benefit that can give us good income when we are not oblige to pay taxes, being anonymous will be eliminated someday as the government always wants us to comply with the law.

[kidoseagle0312]

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

There's so many advantages of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

[Natalim]

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

There's so many advantages of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

Maybe you have to educate yourself a bit about how bank works, it's not what you think mate as though the money in a bank will be rob you can still recover your funds as it is secured with an insurance and that is a normal operating standard for every bank required by the government.

[sunsilk]

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

There's so many advantages of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

Maybe you have to educate yourself a bit about how bank works, it's not what you think mate as though the money in a bank will be rob you can still recover your funds as it is secured with an insurance and that is a normal operating standard for every bank required by the government.

That's the advantage of putting your money in the bank but you should also know that when you are going to put your bitcoins in your bitcoin wallet.

Remember that there is no assurance and you are not covered by any insurance by the bitcoin wallet provider that you are using, it is like when your private keys are hacked and your bitcoins are gone, they will be gone forever.

[ardentvolcanoes]

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

There's so many advantages of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

[bajing]

There are many advantages of bitcoin. besides as a currency, and where the money could be said bitcoin is also a very profitable investment because when the price hikes we could be a benefit which is quite tempting.