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Author Topic: The advantages of bitcoin  (Read 20492 times)
Osarman
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November 04, 2017, 05:52:02 AM
 #681

The biggest advantage of bitcoin for me is that it creates a completely transparent trading system. The wallet address is the one that links the transaction. Good thing is that there is no name or physical location attached to the address itself. Since not everyone (consumer) wants to see his or her financial/personal details broadcasted on a public ledger for anyone to see. Another advantage is through bitcoin, you can have quick and cheap transactions compared to conventional method of transacting money.

The biggest advantage of Bitcoin is the possibility of getting a little money and a little work. Just have a little patience and commitment and you can really make a living. I would recommend Bitcoin to anyone for this reason.
I don't really see that as a big advantage for bitcoin on other things since you can earn money and a stable income when having a job. I guess that he is correct about the biggest advantage of bitcoin which is anonymity of each transaction but somehow it one of the biggest disadvantage of bitcoin since it's being used too on stuff like a way to pay people for wrong deeds and illegal stuffs so that they're info would be anonymous.
Well its not a disadvantage, why we all are blaming bitcoin for our own mentality, it is providing us an ease so why are we using it negatively. Personally I think there is nothing bad about bitcoin , all what bad is our mental makeup so better  is to stop calling this quality a disadvantage. We should educate our views and mind i think.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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phelbaby
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November 04, 2017, 06:05:12 AM
 #682

Bitcoin is an asset,it is a true financial freedom.it provide users with both transparency and privacy.
krism
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November 04, 2017, 06:16:51 AM
 #683

The advantages of bitcoin is we can work without the envestment we  can produce money by working with bitcoin.we are open minded about this so that we can share to others about the bitcoin on how to earn money without payment.
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November 04, 2017, 06:17:10 AM
 #684

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 increase individual income and provide the need of someone..

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November 04, 2017, 06:30:00 AM
 #685

In the beginning there was advantages of BitCoin like as anonymity, decentralization but in time it begin to dissappear slowly.

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ParveZ219
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November 04, 2017, 06:32:33 AM
 #686

Disadvantages are there-
1. Needs internet...thats a limitation
2. Many people dont have idea of bitcoin...how they can accept the currency then?
3. Price of bitcoins are changing too fast

Etc etc
mriansa
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November 04, 2017, 06:37:21 AM
 #687

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.

excess bitcoin is a bitcoin can transact in general and very open without any hidden, bitcoin can be a place of wealth storage and can multiply assets of property, bitcoin can be received anywhere and easy to take it as payment.
AbyssLagiaz
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November 04, 2017, 06:51:49 AM
 #688

Using bitcoin will really help you a lot in trading online, without any strict requirements regarding your verification, you can make transactions online that accepts bitcoin payment. However I don't think a lot of business has that kind of option yet.
jamirrah
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November 04, 2017, 07:07:47 AM
 #689

Bitcoin itself (as a digital currency) dont help people make money but its the opportunity to earn that helps. Yet in order to take advantage that bitcoin can offer to lots of people a person must understand what this bitcoin and as well as other cryptocurrency investments are working.

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November 04, 2017, 07:15:46 AM
 #690

Bitcoin have advantage like It is decentralized crypto currency, Easy to use and it is safe and secure unless we dont take proper security. No transaction cost or any other extra charges in exchange and Is fast having no limit for amount of money to transfer. It gives many opportunity to invest are money and make more profit. 
Guy you are right, because bitcoin have many advatages. Even now bitcoin is rapidly increasing. On the other hand many people getting more profitable.
ice098
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November 04, 2017, 08:01:04 AM
 #691

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.

Bitcoin has a lot of advantages. It is one way of securing and investing our earnings. Nowadays, it is helping unemployed citizens to sustain their financial needs. This cryptocurrency has been helping a lot of people in terms of making money. I believe that it will be our future currency.
Theres a lot advantages bitcoin had. Like bitcoin is now can transfer a money, people can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally. Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. And this is the oneof the adventages of bitcoin and theres a lot more.

youarehere
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November 04, 2017, 08:16:04 AM
 #692

i think the advantage of bitcoin is you dont need actual cash to carry it all the time
iamKiko218
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November 04, 2017, 08:49:37 AM
 #693

There are many advantages of bitcoin and first of all is its being decentralized. Other advantages of Bitcoin are fast and cheap transactions, anonymity, used as payment mode online in any part of the world, used globally, financial assistance, gives a person an extra salary aside from his daily job, it gives a person some source of income while at home, and bitcoin's increasing price oftentimes.

C
Finally C is!!!
Joyawan13
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November 04, 2017, 09:34:37 AM
 #694

Yes it's true that's one of the advantages bitcoin, I think there are still many advantages provided by bitcoin like young children can learn to make their own money so more independent not a few of them can produce more than people who work office. For like me, just a housewife can earn extra by simply online from home without having to leave child and home.  Grin
It is true that bitcoin has many benefits, and even you as a housewife can benefit from bitcoin, and unknowingly it can help the needs of the household and you can take good care of the child at home, and of course can improve the quality of the family economy so even better.

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November 04, 2017, 09:52:01 AM
 #695

Very Low Transaction Fees it is the attractive feature for me.And like with many online payment systems we can pay for their coins anywhere they have Internet access.There is no No Third-party Interruptions so Purchases Are Not Taxed.and there are many more advantages.

jonas5222000
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November 04, 2017, 09:54:24 AM
 #696

Less taxes and easy to use than banks  Wink Wink Wink

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airdnasxela
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November 04, 2017, 09:55:21 AM
 #697

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, one of bitcoin's main advantages is the convinience it brings to all the people in the world in terms of transactions. Bitcoin is said to be a global currency and may become the future currency so if you use bitcoin, things wouldn't be hard for you anymore when the time comes that bitcoin is already proclaimed as the currency of the whole world. It also gives you the oppurtunity much more if you are going to put up a lot of time and effort in it.
criza
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November 04, 2017, 09:58:12 AM
 #698

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 gives a lot of advantages to its users and miners. One of it is the chances to make your money grow more if you are investing on it because the value of bitcoin is rising over time and expected to rise more as time passes by. Another advantage of it is the ability of someone in reasoning out is being enhanced since it is widely used in the forum. We may not notice all of it advantages today but I know someday we will as bitcoin rise to the top.

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bodimun2
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November 04, 2017, 10:05:52 AM
 #699

Bitcoin has many advantages:
digital currency and new kind of currency
decentralized independent
low transaction charges
safe privacy
earn money with bitcoin trading and mining.
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November 04, 2017, 10:08:21 AM
 #700

Advantages to transacting through Bitcoin that users transaction process makes faster relation to traditional payment methods,, it is tax free and hassle free.
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