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Author Topic: The advantages of bitcoin  (Read 20492 times)
NightCloudz07
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November 11, 2017, 07:05:07 AM
 #781

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 advantages of bitcoin is you earn a lot of money to invest and save bitcoin can help me in my life and because of bitcoin i support my everyday life to buy a goods

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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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sunny1356
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November 11, 2017, 07:07:24 AM
 #782

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.
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.

You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.
sunny1356
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November 11, 2017, 07:12:45 AM
 #783

I strongly agree that bitcoin has many advantages. For me the advantages of bitcoin in addition to increase income as well as the right investment for a better future

Yes i agree, There are quite a few advantages that make Bitcoin a one of a kind digital currency that has no likeness. Bitcoin advantages are Freedom in payment, control and security, information is transparent, very low fees and fewer risks for merchants.

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.

You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.
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November 11, 2017, 07:25:04 AM
 #784

Bitcoin helps to make money, but he does not reduce the number of unemployed. It is not even the currency you need to earn now, but the investment that secured people can afford.
the numbers of unemployed is only digits and it comes from those surveys that only gives no specific figure but just percentage,so when people was asked if he has employed ofcourse the answer is NO.coz crypto isnt really a job,its a profit provider unless u broadcast to the community no one wil notice that you have income,they will just speculate how did you survive the daily living when they dont see you going to work or buying and selling stuff in physical.

What i was saying is the bitcoin give us lot of advantage that normal job cant,we are now capable of many thing most specially in terms of fundings.aside from my regular job bitcoin pays my billings that mosly a big burden to normal employee,so thats the advantage of bitcoin to me.
LuciferEveningStar
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November 11, 2017, 07:32:32 AM
 #785

The advantages of bitcoin..gives us extra source of income..reduces the number of unemployment..helps to make money to sustain the basic needs of people Smiley Kiss
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November 11, 2017, 08:05:47 AM
 #786

Bitcoin transactions are not associated with personal identity, user is always remains anonymous.
Bitcoin transactions takes place on peer to peer basis so no third party like bank, government is involved.
Bicoins get stored in blockchain security system digitally, so no need of any additional security facility like safe locker+ etc.
Transaction fees are quiet less as compared to cheques, DD or debit, credit cards.
For transfer of funds  no need to go to bank or ATM, transfer takes place just by using mobile phone.
Transactions are not yet taxed by government.
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November 11, 2017, 08:28:48 AM
 #787

I have been sending bitcoin anonymously to my friends and I had also been receiving bitcoin earned from service offered, It is very obvious that this is the most outstanding advantage of bitcoin, More so there is no third parties involved all these transactions and my ability to exchange to fiat easily is also an advantage of bitcoin.

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November 11, 2017, 09:05:06 AM
 #788

Bitcoin really helps me in making money, because I'm full time on bitcoin, I can focus on finding bitcoin and certainly make a profit.

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Nawaytes
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November 11, 2017, 09:23:16 AM
 #789

Completely agree with you but I think there is a big advantage rather than your saying, it's not just about money. If you read some article that wrote about bitcoin, you will find the original concept. Bitcoin and blockchain technology could be use for other purpose, such as database entry and more, i don't know about this but i think is possible.
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November 11, 2017, 09:49:17 AM
 #790

Bitcoin has many advantages. For example, the same opened cryptocurrency code. You can see any user transaction, you will agree that it is very convenient. I also think that bitcoin lacks inflation, number of bitcoins grows and grows every day, which makes bitcoin universal. So bitcoin can not be forged, it's not real money, it's impossible to deceive anyone.
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November 11, 2017, 09:57:43 AM
 #791

For me the advantages of bitcoin is Payment Freedom, Low/Minimal Fees, Fewer risks for merchants, It’s fast, Central governments can’t take it away, People can’t steal your payment information from merchants, Non-Inflationary and You can create your own money.
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November 11, 2017, 10:00:47 AM
 #792

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 are so many advantages in the use of bitcoin just like having some extra salary with the use of it. You can also help your family with their needs at home and also for some students, the use of bitcoin is also very important because bitcoin can also help them in the school finances. As we all know, the use of bitcoin as of now is really a good idea.

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iqlimasyadiqa
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November 11, 2017, 10:08:56 AM
 #793

Completely agree with you but I think there is a big advantage rather than your saying, it's not just about money. If you read some article that wrote about bitcoin, you will find the original concept. Bitcoin and blockchain technology could be use for other purpose, such as database entry and more, i don't know about this but i think is possible.
Yes that's true, blockchain technology is very unique. maybe we can all mention that the creator of blockchain technology is one of the most influential people in the world. bitcoin is one of the sectors that by default has utilized blockchain as its database and if any are able and willing to utilize blockchain technology then it will be very wide open. The use of technology will convince us all that Bitcoin and blockchain are inseparable and Bitcoin is a revolutionary form that is essential to life in the world today.
Bitcoinislifer09
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November 11, 2017, 10:39:19 AM
 #794

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.
It has many advantages for me but the best thing is earning money in the very easiest way that it depends on you if what time you will work.For the technology, it becomes advanced not like before that we don't have  bitcoin in our country.So it means that bitcoin has many advantages.
fredrick4u
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November 11, 2017, 10:47:31 AM
 #795

One 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. 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.
AbhiJ
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November 11, 2017, 10:50:28 AM
 #796

It has many advantages for me but the best thing is earning money in the very easiest way that it depends on you if what time you will work.For the technology, it becomes advanced not like before that we don't have  bitcoin in our country.So it means that bitcoin has many advantages.

Will Bitcoin give free money? No investment has given free money over a long term till date. Past performance is no guarantee of future performance.
Hans17
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November 11, 2017, 10:53:01 AM
 #797

I strongly agree that bitcoin has many advantages. For me the advantages of bitcoin in addition to increase income as well as the right investment for a better future

I agree to you bro , It's true through investment in the bitcoin the better your'e future are , there are many advantages , and I think this is the main advantage of bitcoin , have some extra income then invest it.


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November 11, 2017, 11:50:53 AM
 #798

For me there are many advantages of BTC, yet the most preferred standpoint of BTC is the expanding value that you can acquire a ton of cash that you can utilize or spare a considerable measure of cash for your future. The notoriety of BTC, now many organization will acknowledge or tolerating BTC as an installment. The numerous approaches to procure BTC such as mining, betting, exchanging, contributing, blogging, participate in the signatures.
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November 11, 2017, 12:28:57 PM
 #799

For me the advantages of bitcoin is Payment Freedom, Low/Minimal Fees, Fewer risks for merchants, It’s fast, Central governments can’t take it away, People can’t steal your payment information from merchants, Non-Inflationary and You can create your own money.

bitcoin doesnt have too much advantages compare to some online payment method like paypal.  bitcoin doesnt have low/minimal fees rather the fees of it are friggin high ang expensive and will still be increase if the bitcoins value is also incresing. using bitcoin has still many risk and people can still steal your bitcoins if your careless enough.
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November 11, 2017, 12:34:18 PM
 #800

Biggest advantage of bitcoin is that it gives financial assistance and secure feeling to the it's users.
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