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Author Topic: The advantages of bitcoin  (Read 20494 times)
selectaselectine
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November 23, 2017, 09:03:12 AM
 #921

You can earn through the the use of internet, it can also help people who are still waiting for a job, and you don't have to pay goverment fees- like tax and the likes.

Shannykhan44
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November 23, 2017, 09:06:53 AM
 #922

The following are some of the major advantages of using Bitcoin versus other currency systems:
 No Third-Party Seizure
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money.
No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.
No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
Isaacck
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November 23, 2017, 09:26:10 AM
 #923

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.

Yes, i'd agree on you, bitcoin has a big role in marketing or economy of a particular country, this will increase the economy of that country and the society to satisfy the individual's need
dg2010
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November 23, 2017, 09:40:30 AM
 #924

I think the most advantage of Bitcoin is that it is limited. It means its price always rise in the future, and people can get profit by holding it.
Nikolaevicc
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November 23, 2017, 09:51:04 AM
 #925

Bitcoin really gives you a lot of money if you invest in it. You can also be anonymous when using bitcoins your government can't trace you when you are using bitcoins.

So this means that you are the real owner of your own money.
kuyaJ
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November 23, 2017, 09:54:03 AM
 #926

Bitcoin has many advantage and all of us are know about the good of bitcoin or the advantage of bitcoin.  I am from the Philippines and Jack Ma said that if the Pilipino used cryptocurrency there have a big chance that a poor country can become rich.

too many prediction that bitcoin can be reach $20, 000 in just only 6 months.
Greyhunter
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November 23, 2017, 09:56:31 AM
 #927

There are so much advantages of bitcoin and the most important feature is that you make money by doing nothing. And that is why there are so many people who invest in bitcoin and why bitcoin is growing so fast right now.
Nancy Lisa
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November 23, 2017, 09:57:36 AM
 #928

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.
Moonrunner
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November 23, 2017, 09:58:17 AM
 #929

There are so many things that are good about bitcoin and that is why bitcoin is so popular right now. I think that the coin might one day reach 10k.
Because of how popular the bitcoin is right now and it is only growing.
Honest Tim
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November 23, 2017, 10:07:14 AM
 #930

According to me the best advantage bitcoin come with is Freedom in Payment: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 second advantage is that there are either no fees, or very low fees within Bitcoin payments.With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
twostepsally
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November 23, 2017, 10:36:56 AM
 #931

Bitcoin is digital currency so it will useful for the transaction process. You learn more information from bitcoin. it will give to more opportunity for improve your self and change your life style. Bitcoin pricess will be changing every day so it will learn from more process. Bitcoin is Never mengal with any one's. so it works for separately. it will not affect other currency.
ZedMain
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November 23, 2017, 10:44:00 AM
 #932

The advantages of bitcoin are that people can make a lot of profit out of it also people who are not able to work can actually earn for their families through here and they can earn a lot for them also it is very easy to earn bitcoins but it does take time.
EmmaAllen
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November 23, 2017, 11:15:45 AM
 #933

Here is some Advantages of Bitcoin:
No mediator
No taxes
No tracking
No Transaction costs
Full secure
DoublerHunter
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November 23, 2017, 11:40:03 AM
 #934

Bitcoin has many advantage and all of us are know about the good of bitcoin or the advantage of bitcoin.  I am from the Philippines and Jack Ma said that if the Pilipino used cryptocurrency there have a big chance that a poor country can become rich.

too many prediction that bitcoin can be reach $20, 000 in just only 6 months.
It is really possible for them to become rich if they will just use cryptocurrencies because earning process in bitcoin and other cryptocurrencies are fast and possible and that is the advantage of bitcoin compare to others and if they will take it seriously then there is no doubt that majority of the people there will become rich.
saekotye07
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November 23, 2017, 11:57:51 AM
 #935

for me the advantage of bitcoin is to grow more your money because you can invest in BTC to make it bigger your profit in the future and it also convenient to you to trade to others..

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burnaksalseda
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November 23, 2017, 12:01:57 PM
 #936

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 are many advantages as well as disadvantages of bitcoin. One example of its advantage is, it can make your money grow bigger and can help you change your life. Bitcoin has the capability to change people's lives by helping them earn and grow their own money. But before being successful in life, you need to exert first more effort and time to bitcoin.
zcs
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November 23, 2017, 12:17:08 PM
 #937

Bitcoin has many advantages. Its reduce the unemployment. And give us to chance to become a rich person , We increase our money with the help of bitcoin. Its secure our future.
Mei1418
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November 23, 2017, 11:49:15 PM
 #938

Now, bitcoin have big increase, bitcoin also always raise in everytime
Dreamr
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November 24, 2017, 07:52:52 AM
 #939

Bitcoin is peer to peer digital currency, thus make the transaction speed more faster, safer, more secure, and cheaper as well. People are now using bitcoin all over the world and thats what makes bitcoin acceptable worldwide. Bitcoin value also is one if the biggest advantages of bitcoin.
zais
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November 24, 2017, 07:54:42 AM
 #940

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.
Unlike conventional counterfeit currency, the cryptographic rules applied to bitcoins make their owners avoid the same risks
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