sexyrob007
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February 01, 2018, 03:53:36 PM |
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its only the advantage of bitcoin it is so fast and safest method of all through to exchange currency as well as to transfer one all over the world . Bitcoin is new era rising to reform the world.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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evilgrin
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February 01, 2018, 03:54:55 PM |
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Hopefully less socialized debt and privatized profits.
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Ghayoor
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February 01, 2018, 04:07:48 PM |
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My favorite advantage of bitcoin is that I can transfer it pretty fast from one country to another and the transaction fee is also fast
there is no doubt that its transitions are very fast and any one can transfer it from one country to another country but i believe that there are some more good advantages of bitcoin as well its price is high and now its available in many countries and you can also earn a lot of money from it because bitcoin is the best currency than any other it's also a fact that you can earn from bitcoin easily and it change a life fast there are some more advantages of it and i think its not possible to explain all these . |
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Kirb29
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February 01, 2018, 04:20:09 PM |
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Well, basically since the appearance of bitcoin most people who want to try and work hard to get many benefits in it. Because we can easily earn money without having to work hard or spend a lot of sweat, it is only mandatory on the computer screen and connected to the internet network our earnings can exceed most of the salaries of the top officials of a company. Although not all of the company's top brass, but at least can succeed to be someone who is worthy to live in peace. In addition we also get many other advantages, where indeed the reduction of unemployment persists but that all if the state status will remain unemployed.  |
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siddu1
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February 01, 2018, 05:39:30 PM |
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There are so many advantages of bitcoin.Some of them are given below
1.Bitcoin is the most trusted cryptocurrency,
2.Bitcoin is the safest cryptocurrency.
3.No one can hack bitcoin
4.Bitcoin price changes automatically that's why there is no chance to be cheated etc.
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POS-whale
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February 01, 2018, 07:48:12 PM |
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bitcoin cannot be controlled. You hear all the governments right now, they are saying they will control it, and regulate it... its not going to happen. THEY CAN*T
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oludare1
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February 01, 2018, 08:09:28 PM |
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There are a lot of advantages in bitcoin, I just want to talk briefly about the freedom in payment. With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
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santasantacruz
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February 01, 2018, 08:11:40 PM |
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the global interest in bitcoins has grown. So, it becomes extremely important to understand the base of this and all other forms of virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user.These can be purchased through an online exchange or a Bitcoin ATM. Landmark feature of a bitcoin is that it can curb the chances of fraud and identity thefts, and hence is considered a safe mode of holding money.Bitcoins allow buying of goods and services online, as well as transferring money.
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Ethernel
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February 01, 2018, 10:18:51 PM |
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I think Bitcoin has many advantages, one advantage is giving individuals money to maintain basic needs, it can also reduce the number of unemployment increases in some countries, the benefits of bitcoin and Bitcoin can be used anytime and anywhere.
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kapoygyud
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February 02, 2018, 07:44:30 AM |
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advantage of bitcoin for me is to have a extra income  can reduce the number of employee when it choose the bitcoin rather than a job its because in bitcoin have a possible you can be a instant millionaire and it is a easy job for me unlike my job before. |
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menoharrison
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February 04, 2018, 09:47:19 AM |
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the bitcoin allows online users to process transactions through digital units of exchange and it also gives individuals money to maintain their basic needs
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nlcars
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February 04, 2018, 09:55:54 AM |
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Bitcoin is setting a new world order in the financial sector, banks are scared of Bitcoin and now they are laughing because it declines at the moment because of the bears, futures and the Chinese new year but Bitcoin shall get stronger and stronger and banks will enforce protection by governments but all these shall not hold Bitcoin to grow.
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Christian13
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February 04, 2018, 09:56:27 AM |
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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 the advantage of bitcoin transaction is its reliability and affordability.Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. and also bitcoin is that it gives financial assistance and secure feeling to the it's users. |
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rosabella
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February 04, 2018, 09:57:19 AM |
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The following are some of the major advantages of using Bitcoin versus other currency systems:
No Third-Party Seizure
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money.
No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.
No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.
No Transaction Costs
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.
No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
Bitcoins Cannot be Stolen
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.
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Aasia567
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February 04, 2018, 09:58:28 AM |
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Bitcoin's system is very reliable. It's decentralized, the whole network to maintain the common POW form, in the elimination of the centralization of the ills, the maximum protection of their own. Any one complete QT wallet is a seed, even if hundreds of thousands of network nodes are closed, as long as there is still one, then bitcoin is likely to make a comeback.
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ayesha703
Jr. Member
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Activity: 110
Merit: 5
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February 04, 2018, 10:01:26 AM |
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There are really many advantages of bitcoin. The most important advantages are:
1. It helps make money.
2. It helps to make money faster than any other source.
3. The price of bitcoin is reliable for trade. Price act like a roller coaster. Going ups and going down.
4. Bitcoin is reducing the number of unemployment.
5. Bitcoin is helping the economy.
But most of them, the strongest advantage is bitcoin helps us to make our own economy.
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uinu
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Activity: 94
Merit: 12
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February 04, 2018, 10:04:20 AM |
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The following are some of the major advantages of using Bitcoin versus other currency systems:
No Third-Party Seizure
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money.
No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.
No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.
No Transaction Costs
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.
No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
Bitcoins Cannot be Stolen
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.
You're good at it, and I appreciate the bitcoin-derived "blockchain" technique, but not so much about bitcoin itself, and Bitcoin's premise model itself has got a lot of controversy. Therefore, it can be said that the advantages of bitcoin are its characteristics and disadvantages. |
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DoublerHunter
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February 04, 2018, 02:44:42 PM |
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There are really many advantages of bitcoin. The most important advantages are:
1. It helps make money.
2. It helps to make money faster than any other source.
3. The price of bitcoin is reliable for trade. Price act like a roller coaster. Going ups and going down.
4. Bitcoin is reducing the number of unemployment.
5. Bitcoin is helping the economy.
But most of them, the strongest advantage is bitcoin helps us to make our own economy.
Those reasons are true because with bitcoin we can easily make another source of income and one of the best of ways is trading because since the market is fast in changing price then it will be easier for us to make money since we can just buy low sell high and we can learn how to do that by understanding technical analysis. |
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adriaymati58
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February 04, 2018, 02:55:17 PM |
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The most important advantage for me is that if I consider it a long term investment than it will help me have more money
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The best is yet to come!
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klim80
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February 04, 2018, 03:05:08 PM |
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The popularity of bitcoin and price is increasing day by day and it is because of its advantages. Firstly, bitcoin is a very good platform to earn money. There are diferent ways: mining, trading, investing. You can begin to earn it without any start capital. Secondly, its rather safe and keeps your money secure. Thirdly, it can be used anywhere in the world without the hassle of currency exchange.
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