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Author Topic: The advantages of bitcoin  (Read 20492 times)
Hakkerman101
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November 24, 2017, 11:03:56 PM
 #961

Bitcoin is very flexible, I mean that because it is an online payment system, users can access their account, pay for their coins from any corner of the world once there is internet facility. This means that you can lay on your bed and purchase coins instead of taking the pain of traveling to a specific bank to get your job done. One of the greatest advantages of Bitcoin is that it eliminates third-party interruptions. And this is giving it a lead way as no financial institution or Government can interfere in its operation. Hence, the user of Bitcoin enjoys greater liberty when making a purchase than they do when using conventional national currencies. What is more, Bitcoin gives the user the option of anonymity. In Bitcoin transaction, your transaction can never be tracked back to you. Because transaction identities are never the same as your real life identity.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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November 24, 2017, 11:10:37 PM
 #962

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 is true that bitcoin has many advantages. One example of it is, it helps people earn their own money so that they will have something to use to sustain their daily needs. Not only that, they are also having the potential to have a better future since bitcoin can grow and develop more. In that way, bitcoin helps people change their lives for the better.



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November 24, 2017, 11:20:43 PM
 #963

This thread should be entitled "The advantages of cryptocurrency" because I think to be honest Bitcoin does not have more advantages than other cryptocurrencies it is the same thing and all of them have the same advantages like better than banks and some have even more advantages for example Monero offers 100% total anonymity which is amazing.



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paparey
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November 24, 2017, 11:27:06 PM
 #964

The advantage of bitcoin are:
1. No Third-Party Seizure
2. No Taxes
3. No Tracking
4. No Transaction Costs
5. No Risk of “Charge-backs”
6. Bitcoins Cannot be Stolen
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November 24, 2017, 11:43:08 PM
 #965

 The advantage of bitcoin is this bitcoin does not need to get out first capital which is pretty much not get enough good results for pocket money that I think and have no taxes, no Transaction fees and can not be stolen people
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November 24, 2017, 11:46:05 PM
 #966

Bitcoin has many advantages ,Because you can get cash through Bitcoin.It can help you sustain your basic needs.It is an advantage for us non workers, To help our family.  And It  can give us a brighter future.
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November 25, 2017, 12:07:33 AM
 #967

all already know the bitcoin advantages in terms of security if we talk about bitcoin security then clearly safe bitcoin from fraud and forking bitcoin karen bitcoin exists in digital form that can not be fake by any party. different from banknotes that can be fake. In addition, bitcoin is also not owned by any country because the state is not responsible and indirectly facing bitcoin problems.
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November 25, 2017, 01:17:12 AM
 #968

 main advantages. …
Only a certain number of bitcoins can be created because of the agreement of every single person who participates in the bitcoin economy.
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November 25, 2017, 01:39:35 AM
 #969

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.and its value that increases everyday.
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November 25, 2017, 02:30:28 AM
 #970

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.
Since your question has answered you already here's mine additional idea, also bitcoin pay bills without fees of charge not only in our country but across of all countries. Now its more easier to pay bills because many banks and establishment who recognized and regulated bitcoin as a bills payment. More profitable when you invest in long term because the price was moving up and down but in the end it will go up high price.

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November 25, 2017, 03:03:23 AM
 #971

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 bitcoin have more advantages like other people who work hard to earn money. They work hard to earn money but here in bitcoin by posting you can earned money in easy way. But the bitcoin is not easy work because you need to be active in posting here in bitcoin. If you want to earned more money you need to be more active here. You need to read articles to explain other topic that you don't know.
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November 25, 2017, 03:08:47 AM
 #972

There are many benefits to Bitcoin, but most Bitcoin users are for anonymous and government-friendly transactions and are not taxable. I think this creates a great community in the cryptocurrency world
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November 25, 2017, 03:18:06 AM
 #973

#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.
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November 25, 2017, 03:28:12 AM
 #974

There are many benefits to Bitcoin, but most Bitcoin users are for anonymous and government-friendly transactions and are not taxable. I think this creates a great community in the cryptocurrency world
I hope bitcoin being not taxable would last for decade because if government put tax on bitcoin then we small investors will have a very big problem. I think after some years of bitcoin success many establishment will use bitcoin for hassle free transactions like fast food chains. There are many advantages of bitcoin like it is cashless and user friendly, you can also earn money by going into trading and investing. You can also send money to your love ones anywhere in the world at a low cost.
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November 25, 2017, 03:29:08 AM
 #975

Some of the main advantage of Bitcoin is the "No Third-Party Interruptions" we all know the government and banks power to limit or even freeze your banks account.
Bitcoin System is Peer to peer which gives us the freedom we want, purchases not taxed and most importantly is the anonymity of transaction.
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November 25, 2017, 04:03:31 AM
 #976

The biggest advantage of bitcoin is to be the most profitable investment hope, I make bitcoin just to get profit and get rich someday. besides profit, of course the use of bitcoin easier than transfer banks.



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November 25, 2017, 04:15:42 AM
 #977

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 is so many advatages of bitcoin in the world. Many things can do with bitcoin like in transaction if you want to pay something you can easily pay it and it have NO TAX. Yes it is true! Bitcoin is tax free, I think that is one of the reason why SOME government don't want bitcoin in their country because they need taxes for their funds in their project or activity for they cities or places.
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November 25, 2017, 04:29:31 AM
 #978

The biggest advantage of bitcoin is to be the most profitable investment hope, I make bitcoin just to get profit and get rich someday. besides profit, of course the use of bitcoin easier than transfer banks.
indeed the future that everyone expected bitcoin will become a financial revolute with the creation of our convenience and friendly for the transfer fee. this can shift conventional banks

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musharaf
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November 25, 2017, 04:32:25 AM
 #979

Bitcoin is the modern era currency which has many advantages like it is the digital currency which is using for much online transaction. And the funds can be easily transfers in the world without any hurdles in the way of transfer while in the fiat currency system through banks if want to make a transfer you will fulfill many requirements.

dotts
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November 25, 2017, 05:03:57 AM
 #980

The advantage of bitcoin has no taxes and no transaction cost which users will be contributing to the network and sharing the burden of authorizing transactions. Also bitcoins cannot be stolen unless they have physical access to a user's computer.
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