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Author Topic: What are the advantages of having Bitcoin?  (Read 6143 times)
RahulRana
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November 17, 2017, 01:24:18 PM
 #101

Bitcoin is a best digital currency or cryptocurrency.in every time cryptocurrency time to time more increase value. Before some time, The BTC value is low but after that time BTC value is time to time is more than other currency. And other currency is up and down move position time to time. So BTC is more valuable assets to the other currency.
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Kayum10029
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November 17, 2017, 01:25:38 PM
 #102

The bitcoin has lots of advantages are there.The main advantage is the cheap and quick transaction

There are many advantage of bitcoin
-easy to transactions
-easy to earn
- uses as many ways,shopping, marketing,
-it changes our life luxurious

Kakawate
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November 17, 2017, 01:37:42 PM
 #103

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

Actually, having bitcoin in your wallet or in your possession just means you are already earning passively, everyday bitcoins price changes and most of thise changes are up trends, meaning in an incresing rate. So, holding bitcoins just makes you earn money without having to do anything. That is a great advantage.

FoxTheHuman
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November 17, 2017, 01:49:06 PM
 #104

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes
Is it virtual money? Have you seen the virtual money to buy lamborghini ever? So it's not virtual currency it's a common currency but its value changes constantly.
GAUMZEE
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November 17, 2017, 01:49:56 PM
 #105

This are the advantages of having Bitcoins, that i found on the net:-


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.
Control and Security

Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
Bitcoin can be backed up and encrypted to ensure the safety of your money.
Information is Transparent

With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
Your public address is what is visible; however, your personal information is not tied to this.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
Very Low Fees

Currently 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.
Fewer Risks for Merchants

Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.
finlandais
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November 17, 2017, 01:59:24 PM
 #106

The biggest advantage of having bitcoin is that it's price keeps on rising and we can get huge profits by investing in it.If we have some amount of  bitcoin's with us,it means that we are earning some amount of profit daily.

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zhelis74
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November 17, 2017, 02:03:25 PM
 #107

the advantage of having bitcoin for me is because of Bitcoin for the future of decentralization and its anonymity. I can send money or goods without thinking about how much money I will spend on shipping costs and they do not require any verification to send money abroad. One of the advantages is if you invest in bitcoin now, it will certainly double in the next few months or years
Bitcoin as a cryptocurrency offers a lot of advantages such as No trace for every transaction because it uses a peer to peer system or in other words bitcoin transaction is anonymous, and as being decentralized system the bitcoin transaction cannot be interfered by a third party like government authority or the central bank therefore in every used or purchase using bitcoin was no tax. In terms of money transfer the bitcoin is the most favorable to used because it only uses the smallest processing fee, and above all bitcoin has a great advantage in terms of payment and money transfer mobility.

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Aryadwipanggah
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November 17, 2017, 02:06:55 PM
 #108

many of the advantages we get from bitcoin.bitcoin can be used as a medium for payment of transactions, the money we invest in bitcoin will not be in the income tax, and the greatest benefit of bitcoin when we buy bitcoins at cheap prices and sell them at expensive prices.
taiwww
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November 17, 2017, 02:36:49 PM
 #109

Bitcoin has many advantages.
As a currency its has some unique features.
It is digital currency stored and used only in digital form.
Its has its own unbreakable security system blockchain.
It works on peer to peer system on the trust among its users.
It works in decentralised nature with no third party influence.
Due to huge demand and limited supply it is volatile in nature.
Its price is rising daily, as a result it has become a good investment tool.
A clever bitcoin investor is getting good % of returns. Bitcoin has become a source of additional income to many.
People are earning good money by doing signature campaign for bitcoin.

   

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FasTroy
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November 17, 2017, 02:44:20 PM
 #110

I would say bitcoin is much safer and better for a long run when it comes to investment ! If you are not familiar with the market I will suggest to just invest in bitcoin because investing in altcoin is very risky you might hust lose money in the end however it was  undeniable that  the profit in altcoin is very high
You are right mate, Investing in bitcoin is the best option of people that not familiar with altcoins market, because the volatitly for the other cryptocurrencies is not predictable, I mean it's too hard to predict when a currency fall or increase, but when we talk about bitcoin, We all say, that in the long run, bitcoin will increase, So, it will be good to invest on it.

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November 17, 2017, 03:13:30 PM
 #111

money, car, house,........ anything you want, you can have if you hold Bitcoin long enough. It will help you everything

LETme
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November 17, 2017, 03:22:49 PM
 #112

Having bitcoin is very good you can pay bills using bitcoin, bitcoin has no authority involved so every transactions we made no fees deducted in our wallet because of decentralize form.
Md Saad
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November 17, 2017, 03:25:36 PM
 #113

I think Bitcoin is one of the profitable currency in the virtual world If you have some Bitcoin then you can get a large amount of profit from lending or investing your Bitcoin. You can also Spend your Bitcoin for various purchasing activities. if you are addicted to gambling then Bitcoin would be one of the elements of this segment. not only that but also Bitcoin is an anonymous platform so that you can't be traceable. one of the best sides of Bitcoin is to carry out easily.



cosmoo
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November 17, 2017, 03:26:03 PM
 #114

Having bitcoin is very good you can pay bills using bitcoin, bitcoin has no authority involved so every transactions we made no fees deducted in our wallet because of decentralize form.
Not only bills. You can buy anything. Just like with dollars or euro. Or change it to currency of your country on exchanges if you want Smiley
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November 19, 2017, 08:44:56 PM
 #115

Bitcoin is like a sacred grail, the basis for the cryptocurrency market - all altcoins are traded paired with it. In general, as long as that does not dispense with Bitcoin

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November 19, 2017, 08:52:56 PM
 #116

Its Money that can increase or decrease with time
its good to have an alternative way to make more money
and now its the time of bitcoin

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November 19, 2017, 09:20:03 PM
 #117

For my opinion, here are some
Currently very less Bitcoins are being mined compared to Bitcoins bought.
So the demand is high and supply is less.
People are ready to pay anything to get hold of Bitcoins.
Japan legalized bitcoins, and many countries are reviewing it.
Many VCs , Investor are investing heavily into Bitcoin Business.
Bitcoin is getting support from Major Technologists.
The advantages of having bitcoin is when you do transaction is quick and cheap, because when making a bitcoin transfer the fees are extremely low compared to conventional methods of moving money. Also transfering money is no paper works, All you need to do to is to download a bitcoin wallet and generate a bitcoin address, then after that you can send and receive bitcoin.
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November 19, 2017, 10:31:48 PM
 #118

With all the forks, you never know what new gift will come from owning Bitcoin
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November 19, 2017, 10:39:56 PM
 #119

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes
You can use Bitcoin in many ways similar to fiat. But for me as of the moment, the advantage of having Bitcoin is the assurance of gaining profit due to the continuous increase in price. So it would actually be wise to hold on to your Bitcoin for the meantime due to this reason.

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November 19, 2017, 11:37:42 PM
 #120

The advantages of having a bitcoin is making money because if you have bitcoin you sell this or used this to the trading.having a bitcoin is a big help to the people that no more job regularly because this is what we called sideline for me in online job.
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