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Author Topic: What are the advantages of having Bitcoin?  (Read 4559 times)
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November 20, 2017, 09:26:52 AM
 #141

First and foremost, it gives you that feeling of security for a brighter future. Realizing for a fact that having bitcoin is a very wise investment.

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November 20, 2017, 09:31:08 AM
 #142

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

Hi there CoPil! Bitcoin has several advantages regarding bitcoin as a currency; top benefits are the following:

1. Autonomy – An individual could literally send and received cryptocurrency free from the independent and private company or government.
2. Anonymity – Private information about the sender and the receiver could be hidden thus making it a payment method of those who prefer not to be named like for example in donation and illicit activities.
3. Affordability – Most of the payment processor, wallet and the like have a lower service charge, or some even are free of charge compared to bank and remittance centers.
Hope it help!  Wink

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November 20, 2017, 09:34:27 AM
 #143

One of the main advantages is, still it is in its early days and there are many new things ahead.
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November 20, 2017, 09:39:12 AM
 #144

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

the advantage we have bitcoin is the bitcoin price that keeps rising and will make us have many advantages with high selling value too and we can get a lot of money also

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November 20, 2017, 09:41:29 AM
 #145

For me, there are so many advantages of having Bitcoin. One of these is you can use it when buying products or services online. Next one is you can actually send it to who you want to send to help them. Other one is you can invest it for the future if you needed it badly.

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November 20, 2017, 09:41:38 AM
 #146

How very wrong

1. Autonomy – An individual could literally send and received cryptocurrency free from the independent and private company or government.

You are instead completely dependent on the miners - which means you are not independent of private company, and as the Chinese are controlling many mining farms you are also not independent from government

2. Anonymity – Private information about the sender and the receiver could be hidden thus making it a payment method of those who prefer not to be named like for example in donation and illicit activities.

The only true thing Bitcoin is useful for - illegal activities. Which is also why governments will shut it down eventually.

3. Affordability – Most of the payment processor, wallet and the like have a lower service charge, or some even are free of charge compared to bank and remittance centers.

Look at what happened in the last civil war with Bitcoin Cash - when there is trouble the miners will increse fees astronomically. It will happen more and more and transactions will become very expensive
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November 20, 2017, 10:11:00 AM
 #147

Having my own bitcoin is a fortune for me. Bitcoin is very useful for a long period of time. If you invest in bitcoin it is a very good move for your life. Bitcoin can raise the level of one's life

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November 20, 2017, 10:24:04 AM
 #148

Making money, Most people are using bitcoin to making more money because of bitcoin's price going up with times. just a year and half ago, 1 BTC  was only worth 200$, now it worth more than 6000$. So BTC is the best asset right now.

One of the many advantages and the very obvious one in that. Bitcoins value has been so high that it managed to take the spotlight in just a few months and has become really famous specially for different investors. Compared to regular cash and investment options bitcoin is truly is the best asset as you say.

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November 20, 2017, 10:30:09 AM
 #149

having a bitcoin even just 1 coin will give you the privilege of having the investment by just holding it. the profit you can get on the pumping of its value on the market is really amazing which you are having with such 1 biotcoin..

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November 20, 2017, 10:47:05 AM
 #150

There are a lots of advantages of having Bitcoin....
*many poor students carry their educational expensive via Bitcoin.
*by Bitcoin we buy clothes, shoes, suits and coats
*by Bitcoin marketing, shopping and paid wages in restaurants

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November 20, 2017, 10:52:30 AM
 #151

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

the advantage of having bitcoin is that it will have a lot of money with a high exchange rate and bitcoin prices will continue to rise so that profits can be more

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November 20, 2017, 10:57:11 AM
 #152

I own some bitcoin for quite some time and it has really pays off. Since last year bitcoin value have tripled making it a very good investment for me. i think in our world where the trend is now going all online, I’m very sure that bitcoin will play a very important role in changing the way on how we buy and sell making it very valuable.

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November 20, 2017, 11:08:20 AM
 #153

The main advantage of bitcoin is it is untraceable  and safe. it is so simple to trade and easy to carry.  but it is too volatile. when comparing to normal currency its value is high but the normal currency is still idle.

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semutracing
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November 20, 2017, 11:11:42 AM
 #154

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

using bitcoin lots of benefits we will get, using bitcoin you will be facilitated in transactions in the online world, in addition bitcoin be one good investment in addition to gold

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November 20, 2017, 11:12:17 AM
 #155

Anonymity, Easy to use and low fee compare to fiat
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November 20, 2017, 11:13:45 AM
 #156

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
The  biggest advantages of bitcoin was able to give more money or making you money double or triple its price through time passes by. The advantages of bitcion are can reduce unemployment,give business and promotes life progress.

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November 20, 2017, 12:04:40 PM
 #157

Bitcoin have many advantage first you can make money just by using your cellphone or gadgets connected to internet. Another is we can pay bills or send money to other user. Bitcoin have lots of advantage you just have to know each.

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November 20, 2017, 12:07:45 PM
 #158

Benefits

Low inflation risk.
Low collapse risk.
Safe, simple and cheap.
Untraceable.
Easy to carry.

Risks

Untraceable.
Easy to lose.
Hard to trade.
Too volatile.
Still too new.
Can't buy stuff.

I am satisfied with your answer
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November 20, 2017, 12:10:42 PM
 #159

There are many advantages of having Bitcoin. It's price increases day by day. So the investment in Bitcoin is a great way to double your income in the future. Additionally, this is a wonderful source of additional income on the Internet besides the main full-time job. Also, the Bitcoin's advantage is it's anonymity and decentralization because no government can control it.
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November 20, 2017, 12:15:42 PM
 #160

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

Well Bitcoin is being popular nowadays and its not a joke that it is very expensive nowadays and if you are one of the holder of this crypto well, you are lucky enough cause the chance of having a profit that can triple itself is rare.

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