The advantages of bitcoin

[P60]

There are huge advantages of bitcoin. Some of these are, bitcoin can help to make money. It is risk-free and there is no chance of being theft of bitcoin and it is tax-free.

Indeed, bitcoin has a lot of advantage. One of the best advantage of it is, there is no third-party involved. In addition, government can't interfere, it is only peer-to-peer; it is between the users of bitcoin. Also, through the bitcoin coins, you can process a payment where all of the purchases are not taxed.

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[VayneAurelius]

For me, Bitcoin has many benefits for us. First, it helps us and makes us independent. Second, we tend to do things seriously. Third, with the use of bitcoin, we can buy we want that will help us for sure in the future. Lastly, for unemployed or maybe for those who students that are only supporting themselves when in terms of education.

[valentine401]

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.

Actually it cannot sustain the basic needs sometimes because the value of bitcoins is volatile but in terms of earning money, It will really help you a lot if you work on bounty campaigns and you take it as a sideline.

[shendeaz]

Bitcoin has many advantages. Bitcoin is anonymous, protecting users. Bitcoin can be traded globally. Bitcoin is out of government control. Bitcoin is scattered all over the world. Bitcoin is a good investment. Bitcoin is safe.

[freightjoe]

Bitcoin has many advantages. Bitcoin is anonymous, protecting users. Bitcoin can be traded globally. Bitcoin is out of government control. Bitcoin is scattered all over the world. Bitcoin is a good investment. Bitcoin is safe.

Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :

- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.

[meliodas]

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 advantage of bitcoin varies on how a person uses it. For example, when a person uses bitcoin as an investment, it can be an advantage if that person is good in handling investments, but if not then he or she will likely fail, and on that note bitcoin becomes a disadvantage to that person.

[argiyan.tri]

i agree with your opinion, but there are some that may be less precise, basically bitcoin does not reduce unemployment in various countries, because bitcoin is not a permanent job. #CMIIW

[tarpa07]

There are so many advantages of bitcoin as like we can give a payment of any kind of product.

[Andre#]

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.

Actually it cannot sustain the basic needs sometimes because the value of bitcoins is volatile but in terms of earning money, It will really help you a lot if you work on bounty campaigns and you take it as a sideline.

The total salary and profits from bounty campaigns not high like your thought.
I'm a bounty hunters and joined many projects, you must to know the bounty hunters always face scammer and rob our labor anytime.
Of course, you also need to spend a lot of times to wait the distribution and the price of ICO token increases to avoid sell your coin at low price.

[Alfredjohn]

advantage of bitcoin is to save you token until it will vecome bigger and also can see some tips that help to understand the org.

[VINCEAKTN]

User Anonymity

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.

Purchases Are Not Taxed

Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

Very Low Transaction Fees

Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

[ZenaXF]

Bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin.

[CIiff0rd]

There are many advantages of bitcoin, and it is true that bitcoin is able to minimize unemployment even not only educated unemployed, but people with low education may also earn income from bitcoin because bitcoin can be slowly learned.

[Genosx]

The advantages of using bitcoin are:
• People who live in a country that uses bitcoin as official cryptos said that they could get more opportunities when there is new about bitcoin.
• People who knows bitcoin are said to be the future pioneers.
• Bitcoin help us to easily transfer funds around the world.
• Bitcoin also makes our lives easy to transact with since it is cardless.

[adjong]

so much for bitcoin benefit for everyone. Since bitcoin has been used to me, it costs me something to buy and I have a lot of money for the bitcoin.

[weishao]

Bitcoin has many advantages. Bitcoins trade faster. Bitcoins have low fees. Bitcoin is scarcity. Bitcoin is anonymous. Bitcoin is changing the world, I'm optimistic about the future of bitcoin.

[Kiiti1]

To me it makes you feel secured of your own earnings rather than keeping it with a bank or something

[Bosx1ne]

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.

Many people are getting interested to the bitcoin because of its value and its advantages. One of the best advantages of bitcoin is we can easily become a millionaire if we invest our money.

[cellat87]

Bitcoin has so many opportunities but I think in present time the best opportunity is that bitcoin is a good investment and is giving us good profit to people, because we are expecting that the price of bitcoin will increase too much in near future, because people are still too much confident to invest money in  bitcoin. I am hopeful that very soon bitcoin price will cover 10000$. Therefore i am not going to sell my bitcoin right now but will try to invest more and more assets in bitcoin.

[znapitf1]

Yes,i agree with you.bitcoin is the good source to earn money from home.bitcoin forum helps to unemployers to earn money.basic english is needed.