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Author Topic: The advantages of bitcoin  (Read 20550 times)
tom101
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November 08, 2017, 07:02:19 PM
 #761

Bitcoin does not involve any kind of central authority and don't add sales taxes to any of their purchases.
bitcoinskyrocket09
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November 08, 2017, 07:21:04 PM
 #762

For me, as a student. Bitcoin helps me a lot especially in my expenses in school.I can buy whatever I need to and I can earn money while I'm still studying.I can even help my parents because I don't have to ask for my allowance since I can earn money on my own. I introduced it to my friends too.The best advantage for me is I have the possibilities to get rich at my age. and if that happens. I can start my own business and I will help others to get rich too by introducing bitcoin to them
kakoli akter jhumu
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November 08, 2017, 07:23:39 PM
 #763

Developing country like mine...there is huge number of jobless person...are hunger for job...so for them bitcoin is like blessings and they can at least got a new path to earn money from it  Smiley
bitllionaire
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November 08, 2017, 07:36:37 PM
Last edit: November 11, 2017, 01:03:04 AM by bitllionaire
 #764

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.
yes 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 8000$. Therefore i am not going to sell my bitcoin right now but will try to invest more and more assets in bitcoin.
nandasiri
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November 08, 2017, 07:59:10 PM
 #765

Quick and Cheap Transactions,Irreversible Transactions,No Paperwork,Appreciating Value Grin Grin
BlueLight22
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November 08, 2017, 08:08:01 PM
 #766

For me the advantages of bitcoin is "low transaction fees,fast transactions and we do not make banks rich"
sdmaxx
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November 08, 2017, 08:12:21 PM
 #767

My personal view is Bitcoin has very good future and it is an awesome field to invest on. 
It went 1000% up in last 12 months. Even if you bought BTC a year ago, you would have x10 times investment by now..
Nightmare1325
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November 08, 2017, 08:42:37 PM
 #768

Bitcoin has a lot of advantages. We all know that it’s only a online currency which is easy to share, easy to income and  it’s well transaction. It’s the only a most populars currency which anyone can earn, age or gender isn’t fact. It’s so beneficial than of any currency. It’s price is also very high.
InnMind.com
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November 09, 2017, 07:12:20 AM
 #769

Here is an article on advantages of bitcoin, but it’s more about its appeal for small businesses and alike
https://cointelegraph.com/news/top-10-benefits-bitcoin-provides-new-users

As for the general public, the advantages are:

Anonymity. Much like cash-only purchases Bitcoin transactions are never associated with a person but with the anonymous Bitcoin address.

No Third-part interruptions. The system is 100% peer-to-peer, which gives a greater degree of freedom.

No taxation

Low Transaction Fees. Since there are no intermediary institutions, there are no fees and exchange costs. It’s a great advantage for travelers.

The speed of Transaction. No inconvenience of standard authorization procedures and wait periods.

Mobile Payments. We can do online payments with fiat money too, but unlike traditional online payments with bank accounts or credit cards, again no personal information is necessary to complete a transaction.
Spontebob
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November 09, 2017, 07:36:54 AM
 #770

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.
I agree, we all know that bitcoin is a good way to earn money and it has changed many people's lives already ever since. It also serves as an extra job for those who are not yet satisfied with their income and for those who do not have any job at all. The language being used here which is english is being improved more since we are reasoning out here with the use of such language. The way a person manages his time also is being enhanced here.
Ajinomoto40
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Buy, sell and store real cryptocurrencies


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November 09, 2017, 07:44:33 AM
 #771

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 a lot of advantages and it is what we long for ever since we've entered bitcoin. One is the volatility of its value. Imagine having a bitcoin and the price starts to rise, it will surely benefit you. The oppurtunity also given to you regardless of your age, gender and social strata is also one of the best thing about bitcoin since finding a job nowadays was never too easy. The convenience it brings to those who are using it shoud be considered as an advantage.

ivanst776
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November 10, 2017, 01:24:57 PM
 #772

Some of the advantages of Bitcoin:

 Bitcoin promotes freedom.

 Cannot be seize.

 Transactions with Bitcoin can't be traceable.

 It can't be stole.

 Has long term potential.

 Very useful for everyone.


That's why Bitcoin is reigning in the world of digital currency.Just use Bitcoin positively and make advantage for the benefits it has to offer.
I think that bitcoin is a developed currency and still trying to be on peak, it is giving a tough competition to the paper money and regular currencies because people are getting more in to it and are trying to own more bitcoin, it is easy and simple to invest and gives a high output, it is helping people to meet their financial needs easily and secure their future. Due to all these qualities it is becoming more popular and in no time it has made records of success
lefthandright
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November 11, 2017, 06:06:20 AM
 #773

There are lots of advantages of bitcoin. The bitcoin prices are the largest beneits of all. The ways how you can earn bitcoin in a different way. The privateness of bitcoin you can work to anyone wfth no info. You should use bitcoin to buy something in the internet in an simple way. There are many benefits of bitcoin it is only rely on you how can you use your bitcoin.i
dianepot
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November 11, 2017, 06:23:21 AM
 #774

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.
cryptokath19
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November 11, 2017, 06:32:33 AM
 #775

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.
9tails
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November 11, 2017, 06:35:36 AM
 #776


Advantage of bitcoin is you can pay you're bills online and Bitcoin have no tax but there's a low transaction fee which is good to us and we can mine it with our computer


udayantha11
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2023 would most likely be as bearish as 2022


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November 11, 2017, 06:42:04 AM
 #777

In my view, bitcoin is the gretest investment for future.. Risk also invloved.. Every investment plus and negetive points as well as risks.

Bitcoin is the easiest way to send money to person in other country.

 Cool

I personally invested in bitcoin.. Bitcoin has a bright future

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
ms.sexy
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November 11, 2017, 06:43:17 AM
 #778

The advantage is you cannot misplace your money because if you have an account you cannot dissappear your money easily.

Yes i agreed too, Bitcoin has a lot advantages these are anonymous and private, payment freedom, low minimal fees, its fast to transact, central governments can't take it away, non inflationary and you can create your own money.
Glydel1999
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November 11, 2017, 06:50:36 AM
 #779

for me he's helping the poor, so it's a big benefit to me like that. and perhaps because of them they can change one's life.
Latrix
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November 11, 2017, 06:56:47 AM
 #780

True that Bitcoin has certain advantages and also made many millionaires. But will it sustain in a long run?
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