The advantages of bitcoin

[kallen02]

It is an easy way to earn money and safe to invest that will increase better than the banks because pricing of bitcoin is going up from time to time.

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[wew13]

Bitcoin has many advantage. But for me its advantage is that bitcoin helps me to earn money and make an income.

[xenxen]

many advantages in bitcoin theres you can easy to earn you  can manage your own time you are the boss.. and even you are in the house you can earn un the way of bitcoin...

[Ronyx]

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

I agree with your opinion. but most importantly the bitcoin value continues to increase, and that's a big advantage.

[jsscswan]

The excess of bitcoin is composed of an ever-increasing, decentralized, anonymous value. We can count on bitcoin trading as the main livelihood.

[musharaf]

There are many advantages of bitcoin like one can gather the knowledge related to bitcoin if someone want to hire someone they can use this forum for doing so. And the bitcoin as a currency is very profitable those who have bitcoin the can easily send money to everyone in the world where the internet connection is available and because of this many investors are investing in the crypto market.

[mary0919]

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

For me there are many advantages of bitcoins and one of this is it is easy to earn. There are lot of things to do in order to earn bitcoins without investment and this is by joining signature campaign in this forum, joining bounty campaign and do translation. Your only capital is your time and hard work in order to earn bitcoins.

[slyfox]

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

The most important advantage of bitcoin is that it is truly ours, and no one can take that away from us, the money in your bank account even if it has your name on it is not yours, the bank can keep it forever if they want, or the government can steal it but the same does not happen with bitcoin.

[ignacio0404]

The advantages of bitcoin is that, you can gain money in an easy way, but consisting patience and the capability to do work. Bitcoin is literally easy, for you can have your money at the end of the campaign or with every post you make, and after all of that you cn buy the things you want and need.        

[EmmaAllen]

There are many advantages of bitcoins:
It’s fast
Payment Freedom
Low/Minimal Fees
Fewer risks for merchants
You can create your own money

[Agostosmori]

Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

[CornHub]

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Yes, that's true. In addition to that, it is easy to invest, to earn money. And unlike in ordinary business, most of them set some standards in there business unlike in BTC, everyone are welcome to join anytime and anywhere haha. And also, the fees are so minimal and you have your power in making your money. You are the boss of your own business and that's is the biggest advantage as a businessman.

[stripykitteh]

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

There's many advantages to using Bitcoin. One of them is that they coins can be used to transfer payments much faster than with regular USD.

[Frost149.6]

There are many advantages of Bitcoin. Some of them I am gonna list them below.
1)Bitcoin is common currency for the world so you can do transactions with any need converting the currency.
2)It is very easy to earn there are many ways to earn.
Ex: Bitcoin forum, mining etc.
3)It reduces unemployment in countries which are under development and has less vacancies for job.
4)It's a alternative for students to earn money rather than doing part-time work.
5) Bitcoin transactions do not contain any private or sensitive information of the costumers.
6)The transactions in Bitcoin are faster compared to the old transactions ways of the bank.

[Senja Kemuning]

According to an article I recently came across, these are 20 advantages of Bitcoin:

1.   Anonymity
This is one of the main benefits of using Bitcoins. When you make payments through your bank account, these are usually easy to track and have identification marks. On the other hand, Bitcoin transactions are hard to identify. Hence, those who transact with Bitcoins gain knowledge of the addresses through which payment is received or sent.
2.   Private transactions
Bitcoin transactions remain anonymous as well as private. The transactions only come with sender’s Bitcoin addresses that reflect the transactions in someone’s Bitcoin account. The addresses cannot be traced back to an individual. It is akin to tracking a payment that has come to a bank account, but you will not gain information about the person who has sent the payment.
3.   Freedom of payment
There is much freedom when it comes to making payments through Bitcoins. One can send Bitcoins to anyone in the world. One is not limited by banking hours of operation or payment limits.
4.   No intermediaries
This is another advantage of using Bitcoins for making payments. As there are no intermediary parties involved, such transactions happen instantaneously and with less delay. There might be lagging due to conversion from one form of currency to another, but usually intermediary agents are not involved in Bitcoin transactions.
5.   Minimal or low fees
There are hardly any transaction fees that are involved in Bitcoin transactions. Usually processing fees are low or minimal. In case one wishes to get instantaneous transfers there is a low transaction fee that comes in. As there are no intermediary parties involved this also eliminates the need for transaction fees.
6.   Security for merchants
Merchants who use Bitcoin transactions usually benefit in many ways as these transactions are irreversible and secure and do not contain personal or sensitive information of the customers. Merchants are protected from charge backs that can be fraudulent or losses that often result from fraud.
7.   Fast transactions
The transactions using Bitcoin are usually faster if you compare the same with traditional banking transactions. A transaction in Bitcoin can be fast as done in ten minutes, similar to sending of an email. There are zero confirmation transactions that happen instantly when merchants take the risk of accepting transactions that are yet to be confirmed by the Blockchain of Bitcoin.
8.   No dependence on governments
The paper currencies that we use are dependent on the monetary policies of a country’s central government. They are given a certain value, but currency notes could be demonetized and at such situations, these notes would not have value at all. Unlike paper currency notes, Bitcoins are not centralized currencies. This is a crypto-currency that is recognized and accepted in digital money markets. In many markets, regions and places it has legal status and can be exchanged in return for cash as well.
9.   Security of information
There is no personal or financial information that can be stolen from Bitcoin transactions. Most people who make online transactions through credit or debit cards or bank accounts usually risk having their private information exposed and stolen.
10.   Secure transactions
The transactions that happen with Bitcoin are usually with a private and a public key. The public key is visible to anyone but the private key owned by a user is a secret. A transaction of sending Bitcoins is done by combining private and public keys together, which creates a unique certificate that is proof of the transaction.
11.   Unaffected by inflation
As Bitcoin is a crypto currency, it is unaffected by inflation factors, unlike how paper currencies get affected by inflation and monetary policies of the government.
12.   Creating Bitcoins
Similar to how governments can print currencies, a user can use Bitcoin mining software to gain more Bitcoins for themselves. This is a unique technology and a method that is not available with other currency modes.
13.   As a crypto currency
Bitcoin is a crypto currency whose legitimacy is maintained with Blockchain. It is a way of ensuring evidence of the Bitcoin transactions which is done by a decentralized network of computers where records of the Bitcoin transactions are maintained and are irreversible records. It is akin to an electronic ledger that connects different parties in an integral and trustworthy manner as well as maintains records of transfer of Bitcoins in a genuine and legitimized manner.
14.   Secure transaction records
With Blockchain technology Bitcoin transactions are recorded in a secure manner. This is done by generating a sequential chain of digital keys that are cryptographic in nature.
15.   A unique trading platform
Bitcoin and Blockchain facilities trade between two or more parties as Bitcoins are safe and secure as well as legitimate while Blockchain maintains records of the different transactions that take place.
16.   Efficiency for businesses
Transactions are settled between two or more parties in a fast manner as there are no intermediaries involved. Smart contracts can be triggered automatically that can make commercial transactions fast and as per contract terms.
17.   Ease of auditing
Transactions of Bitcoins are registered with Blockchain technology for which records are created that are sequential and cannot be reversed. Hence, the audit trail exists when two parties transact with Bitcoins and this exists forever.
18.   Ease of tracking
Even though Bitcoin transactions are anonymous and private, these are easy to use to track goods which can be advantageous for a commercial supply chain process.
19.   Transparency
The unique blend of secure and anonymous transactions with Bitcoins recorded in a legitimate and indelible way by Blockchain makes such transactions transparent which can be beneficial in commercial transactions.
20.   Feedback benefits
As all transactions with Bitcoin are recorded with Blockchain, an asset’s movements and its life cycle can be traced easily in different stages like shipping, warehousing, decommissioning and so forth.

The above points showcase the different benefits that one gets by using Bitcoin and Blockchain technologies.

Yes right and good opinion, almost all of these points I like, but the most important is anonymous bitcoins so we are free to use bitcoin, though anonymous but I recommend not to use bitcoin for illegal transactions.

[josepher123]

bitcoin to the moon is the advantage... hold ... were going to the mooon!!!!

[Belkaa]

Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.

-Irreversible Transactions. As existing merchants will be well aware, when accepting credit card payments, or even bank payments the sender has the ability to reverse or “chargeback” the payment.  There is nothing worse than sending products to a customer, only to receive a message that the payment has been reversed, you have been cheated and there is nothing you can do about it.

-No Paperwork. Anyone, from any country, of any age can accept Bitcoins within minutes.  There is no ID card, passport or proof of address that all conventional banks required to open an account.  All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.

-Appreciating Value. As you can see from the Bitcoin exchange value graph shown on our homepage, the value of Bitcoins were initially highly volatile during the first few years of it’s inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.

[Kazuyukie]

there are lots of advantages of Bitcoin, but what i really like the most is that its you can do cheap and almost free online transaction in fast and secure way. its like a freedom of payment, you can send money any time any where without the need of going to banks, all you need is a smartphone, internet and a few touch and swipes and done. a really hustle free payment/transaction.

[Pujangga]

Lots of advantages if we have bitcoin but 4 things that make me like and feel benefited with bitcoin are anonymous, high security, low transaction costs, and incredible transaction speed.

[Alexnelepa92]

1. Zero or low fee
The Commission practically do not depend on the transferred amount or the location of the sending and receiving side. It often happens that the transaction is free. The Commission is required only in the formation of technically significant transaction that stresses the network, or very small amounts to avoid network attacks by spamming a huge number of pointless transactions.
No subscription fees, limits and other restrictions.
2. 24/7/365
Think about your business, and not about when the Bank weekend or lunch time. If you wanted to send money to 3am Sunday - so he will be sent at 3 a.m. on Sunday.
3. Instant transfers
Banks transfers between accounts usually takes 3-5 working days, maybe more if it's a foreign translation. Crypto transactions are instant. However, when working with large sums, it is recommended to wait for a few confirmations of the network transaction, it usually takes less than an hour.
4. Safety, reliability, security
Crypto for key storage access means of validated cryptography with the separation of public and private keys. The same algorithms used by banks and other financial institutions to protect their data. And the total computing power of the Bitcoin network, which is used to protect the history of the transactions in 2012 exceeded computing power than any supercomputer in the world.
5. Technological advantage
Excellent divisibility, simple shipment and verification of authenticity of virtual coins while maintaining the many advantages of cash.
6. New opportunities
Smart contracts, multipages and other achievements of progress for the convenience of business and users. You can create a transaction with the guarantor, when, for example, requires two of three signatures to complete the transaction. Smart contracts allow you to set more complex conditions for operations.
7. The ability to send microtransactions
For example, thousandths of a dollar. This, in particular, new opportunities to monetize content and other business opportunities.
8. Easy start
No complicated registration, age and any restrictions. To get started you do not need anything except Internet access. You are downloading the Bitcoin client on your computer or smartphone, it generates the address of your purse. From this moment you can receive and send cryptocurrency.
9. Easy sending and receiving of donations
To receive donations, enough to publish your Bitcoin address. In this case the sender of donations can send their address, which ensures that no abuse of authority. As, for example, was Bank transfers to earthquake victims in Nepal who were forcibly sent to the personal account of the Prime Minister. You can also make donations to such projects as WikiLeaks, not revealing your identity and without fear of persecution by the state.
10. A supranational system
Cryptocurrency is the same supranational technology as the Internet. Around the world in recent years only increases the amount of points working with cryptocurrency. Even a big business like Microsoft or Dell already accepts Bitcoin for its products.
With further propagation, you will not need to think about converting between the local currency to lose on the commissions and recalculate the cost of the goods in the usual currency, in order to understand how much it costs. Rubles, lire, kroner, shekels, rupees... Bitcoin!
11. Open technology
Source code of Bitcoin is open and available to anyone who wishes to study to make sure that the program only performs the claimed function and nothing more. The software is distributed under free MIT license. The system is much less dependent on the human factor, the credibility of the Issuer or the controlling bodies replaced with algorithms, mathematics, and cryptography.
Decentralization and open development will ensure that one day Bitcoin will not close, will not take control or do other malicious actions.
12. Market pricing
The value of cryptocurrency is not dictated by authorities. You are not forced to accept the cryptocurrency forced and only there to make certain payments, as is happening with public money. The value of cryptocurrency is determined only by the ratio of supply and demand in the market. A free market economy.
13. The ability to bypass any sanctions
Despite the high volatility due to the free market, fluctuations in the cryptocurrency can be much less than the fall of the national currencies at the onset of political instability in the state, or even the Declaration of default. No dependency on Central banks, local and not only the laws, religion, politicians and other attempts to intervene and restrict your operations. Including through sanctions.
14. The coverage of financial services
A variety of current payment systems did not provide complete territorial coverage and significant reduction of costs of remittances. This is especially true of international transfers and of small amounts. For example, the transfer fee of 100 rubles can be 250 rubles. And in some countries of Africa are more common payments using mobile phones and prepaid services than banking services.
To use cryptocurrencies do not have to deploy expensive infrastructure. In the simplest case, it is sufficient to install easy wallet on your smartphone and you can already receive and send payments. This is a sufficient condition for the coverage of those social strata who do not use at the moment banking services.
There is no division on international and local payments, the transaction value does not. You can draw an analogy with long distance telephone and Internet messengers such as Skype. They allow you to make calls over the Internet is much cheaper, allows video communication, conferences and has a number of advantages. Similarly, the e-mails at the time replaced the traditional paper mail. Similarly, the cryptocurrency now beginning to replace some traditional, but legacy payment instruments.
15. Getting rid of intermediaries such as correspondent banks

That reduces the time per transaction, transaction cost, and reduces the risk of errors. Decentralization, P2P interaction.
16. Complete control over their funds

Most often to manage your property without your consent is punishable by law. But as soon as you have sold your property, that is, traded it for the money, come into play the new rules. Your money can manage. In particular, it is legitimate. You can block your Bank account, you can revoke the transaction. Without any notice to invest your money, or give it to someone else at interest. Information about the money in the account - no more than record that the Bank they owe you, control you anymore.
Such manipulations harder to spend cash, but not even touching them in your pocket, banks can reduce their purchasing power by issuing new money. In fact is eroding your share of ownership. For example, 3 month ago you could for a certain amount to buy a laptop, and today only a calculator. All have become accustomed to and not pay attention to it, the term "inflation" is known even far from the economy to the people. Although, if someone will take your laptop, and instead leave calculator – this will cause a minimum of disturbance.
In the same way, directing the issue of certain groups of people or organizations that can redistribute wealth, even without getting into the specific pocket to the citizens.
With Bitcoin such manipulations are not possible, due to the limited emissions and the lack of control of other people's money. Transactions cannot be revoked, your account cannot be frozen.
17. Privacy
The lack of financial censorship. You can't prohibit someone to transfer funds to or from someone to get them. Only you are the master of your money. And even to a greater extent than with cash. Also nobody can limit the number of wallets and addresses, you can have as many as you need. Though at a new address for each transaction.
18. Elimination of opacity
Now when checking balances on Bank accounts can often find small discrepancies down to the client side. When contacting support often turns out that it was some technical overdraft withdrawals. Even if the overdraft, the client is currently disconnected. Often for international transfers, banks or the payment system will automatically convert the money in their own way, not the most profitable rate. Sometimes even undergo double conversion when the funds are converted to your local currency, and then again in the currency in which it was nominated translation.
Crypto does not. The Commission, if any is needed, is specified to complete a transaction, you advance know and accurately understand how to get the host side.
19. Control where necessary
If desired, you can assign certain addresses to specific people or organisations to monitor financial transactions. For example, it can be done with state agencies for the control of target expenditure of means.
20. The possibilities of the blockchain
Cryptocurrency technologies can be combined with other, extracting additional advantages. For example, the blockchain can be used for decentralizovanno management rights registration of transactions of creation of alternative independent accounting systems. You can significantly reduce the cost of notarial services, to simplify, automate or even eliminate some outdated organizations such as passport offices. Some banks are now experimenting with replacing SWIFT on the blockchain. Developed decentralized services for information storage, secure communications and other services. Including and new business opportunities