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Author Topic: The advantages of bitcoin  (Read 20552 times)
Cocobrayy
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September 28, 2017, 03:54:25 PM
 #301

One of the advantages of bitcoin, in terms of security. Bitcoin is safe from counterfeiting, because virtual currency can not be forged at any time because it has no form.
House_stark
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September 28, 2017, 04:00:40 PM
 #302

Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks.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.One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.


Bagrras
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September 28, 2017, 04:04:06 PM
 #303

the main advantage of bitcoin is its price. Wink
dancingnancy
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September 28, 2017, 04:18:30 PM
 #304

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.
Bitcoin is fairly a great source of cashless income if invested in wisely you improve your financial status and your stock trading skills. Another advantage is that you can be sure of more vendors accepting btc in the near future, plus it's more secure and it's expanding to more countries
jasindu36
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September 28, 2017, 04:37:12 PM
 #305

Bitcoin has numerous benefits & advantages. Bitcoin transfer fees are lower than banks. International wire transfer can take few days on the other hand bitcoin transfers clears in few hours. Bitcoin is the only payment method that is 100% irreversible can not be charged back. No paper work is required. Anyone can accept bitcoin anywhere in the world. We can have many bitcoin address there is no limit. Bitcoin purchases are discrete.
mustakforum
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September 28, 2017, 05:31:50 PM
 #306

If you have a bitcoin of my suggestion you should iventkan bitcoin for the future.
feiss
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September 28, 2017, 05:40:47 PM
 #307

The advantages of bitcoin is that you can earn money while in your home, you just need your laptop or desktop if you have one. Or go to the nearest computer shop if necessary . All i want to say is that bitcoin provides our financial needs and wants , also gaining knowledge of what is new and updates about digital currency.

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September 28, 2017, 05:43:47 PM
 #308

I think the biggest advantage is the fixed supply , there can't be any more .
Not like now where the government can print whatever it wants.
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September 28, 2017, 06:18:47 PM
Last edit: September 30, 2017, 08:33:00 PM by donGeilo
 #309

it provides us with an opportunity to earn money, it can be used as a way of side income, it is a type of digital currency and is easily accessible, it is decentralized i.e. without government involvement, investments in Bitcoin provide huge profits, it has a really bright future as its price is rising, we can keep a check on our money and it is difficult that our could be stolen until we loses the private keys.
warr1979
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September 28, 2017, 06:39:11 PM
 #310

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.
Bitcoin is fairly a great source of cashless income if invested in wisely you improve your financial status and your stock trading skills. Another advantage is that you can be sure of more vendors accepting btc in the near future, plus it's more secure and it's expanding to more countries
If you say Bitcoin is security than banks or paypal, visa, ... I think it also like those payment method about this case.
But if you want to say about transfer money, there is no payment method can compete the speed and the ability private of Bitcoin.
Even paypal still needs users verify account when someone want to try send a huge money, if those users do not verify their account, they will receive limit 180 days their funds Grin.
nelsledma
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September 28, 2017, 07:00:36 PM
 #311

For me using bitcoins has many advantages.One of them is from using bitcoins we can increase our income and save some money for our better future.Bitcoins has several more advantages in today's digital world.Because bitcoin is a digital currency.
The biggest advantage that one can get from bitcoins or any other digital asset is that they keep on multiplying themselves with the passage of time. Bitcoins has the greatest growing potential due to which his investors are increasing day by day. It has countless number of advantages and I am afraid, I cannot list them all.
Tim2412
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September 28, 2017, 07:25:46 PM
 #312

For me the main advantage of bitcoin is a price, if you have several bitcoins now - dont worry about your fyture you are rich)))
slowlii
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September 28, 2017, 07:29:57 PM
 #313

The advantages of Bitcoin are listed below-
1- It provides us with an opportunity to earn money.
2- It can be used as a way of side income.
3- It is a type of digtal currency and is easily accessible.
4- It is decentralized i.e. without government involvement.
5- Investements in Bitcoin provide huge profits.
6- It has a really bright future as its price is rising.
7- We can keep a check on our money and it is difficult to   
     be robbed.

All of them are right, but some of the counted ones are not working in practise. Government involvement is actively being take place now. Look china and other banning countries.
nejibens
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September 28, 2017, 07:33:30 PM
 #314

There is so many advantages of bitcoin. Its decentralized crypto currency and anonymous, having low fees, easy and simple to use , and the most important having good value and increasing price
mozillaspez
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September 28, 2017, 07:46:13 PM
 #315

If you have a bitcoin of my suggestion you should iventkan bitcoin for the future.

As you said about future i would recommend future is not just a thing that you are waiting you should invest right now and enjoy right now too because it is much important than everything.
Baijit20
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September 28, 2017, 08:10:54 PM
 #316

yes,I agree bitcoin has so many advantage.bitcoin give opportunity to earn money.bitcoin is a digital currency.you can pay with bitcoin.
Hazir
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September 28, 2017, 08:25:22 PM
 #317

The advantages of Bitcoin are listed below-
1- It provides us with an opportunity to earn money.
2- It can be used as a way of side income.
3- It is a type of digtal currency and is easily accessible.
4- It is decentralized i.e. without government involvement.
5- Investements in Bitcoin provide huge profits.
6- It has a really bright future as its price is rising.
7- We can keep a check on our money and it is difficult to   
     be robbed.
1. True you can earn money with BTC, but I know plenty of unfortunate souls who lost money as well. BTC is not magical way of getting rich no matter what.
2. True to that when you have something to offer or are dedicated to the cause.
3. When you are bitcoin newbie it is not so simple, creating bank account is easy, buying bitcoin might be more complicated.
4. We have no idea if the government is not pulling the strings here - also mining is not that decentralized as there are only few mining pools.
5. Or losses. Again it is not a magical way of earning money.
6. We don't know the future, we can only expect that bitcoin will continue to rise.
7. It is difficult to be robbed if you keep your money on your bank account too.


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websoftwareengineer
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September 28, 2017, 10:58:04 PM
 #318

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.

Sustaining the basic needs through earning bitcoins and exchanging it to cash is an enormous help for different people since life now a day's is so hard. The biggest advantage of earning bitcoin is that your working at home and you can realx while working.

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September 28, 2017, 10:59:53 PM
 #319

Most profitable advantages for us is that we can earn money with bitcoin and altcoin volatibilities, it is amazing how you can have $20 in your wallet, and tomorrow you have $25 because of bitcoin price. Also we have 100% anonimity if we know how to use it, so i think there are a lot of advantages that i can not explain in here because they are too many, but must of us already know them, that is why we are on this forum.

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btcadder_28
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September 28, 2017, 11:09:15 PM
 #320

Why use bitcoin? Here are 10 ADVANTAGES why it’s worth taking the time to get involved in this virtual currency.

-It’s fast
-It’s cheap
-Central governments can’t take it away
-There are no chargebacks
-People can’t steal your payment information from merchants
-It isn’t inflationary
-It’s as private as you want it to be
-You don’t need to trust anyone else
- You own it
-You can create your own money
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