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Author Topic: Bitcoin only an advantage ?  (Read 608 times)
janaka29 (OP)
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December 03, 2017, 06:48:11 PM
 #1

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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December 03, 2017, 07:08:22 PM
 #2

Bitcoin has many advantages like anonymous transactions, decentralization, security etc but some times these advantages also act as disadvantages.For example Bitcoin transactions are anonymous due to which government is not able to identify the people involved in the transactions and government is not able to impose tax on that transactions which effect the economy of the country .Due to this anonymity feature some people also use Bitcoin as a mode of payment in illegal dealings such as drug dealings and ammunition's dealings.Security feature provide by Bitcoin can also be taken as a disadvantage because Bitcoin wallets can only be accessed by using private key that only we know, but if we die or if we lose our private key then all the money will be wasted and no other method will be there to recover it.
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December 12, 2017, 02:27:05 PM
 #3

bitcoin is not just an unattainable profit. It is said to be an investment process that requires patience, to gain that advantage through the stage of the rank stage and this also depends on the ethereum of each.
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December 12, 2017, 02:36:35 PM
 #4

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

Bitcoin is far better than cash. The news that you saw in the television, read in the newspaper and the internet or heard over the radio are just news coming from those people who doesn't have Bitcoin. They will tell bad things about it because it's either they thought they are late from buying Bitcoin or they don't really know anything about it. If you will do some research about Bitcoin, you will find out that it has characteristics which make it better than cash or any other medium of exchange.
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December 17, 2017, 04:22:21 AM
 #5

Owning bitcoins today are advantageous, you should treat it as an investment to properly appreciate it. Bitcoins will surely gain more support in the future making it easier to use.
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December 17, 2017, 04:25:06 AM
 #6

At this time, it is nothing but an advantage. The only problem is, it could be a matter of time before the next major correction. We simply just don't know when it will happen.
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December 17, 2017, 04:25:19 AM
 #7

Right now it's more of a store of value because it's not scaling properly. I'm sure it'll be fixed, once more wallets start using segwit addresses and of course when the lightning network comes into play. That's going to be a game - changer that I'm sticking around for.
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December 17, 2017, 04:30:42 AM
 #8

Bitcoin has many advantages like anonymous transactions, decentralization, security etc but some times these advantages also act as disadvantages.For example Bitcoin transactions are anonymous due to which government is not able to identify the people involved in the transactions...
"Anonymous" transactions. You can still be traced and if anyone knows who you are on one end or the other end of the transaction then they can get a pretty good guess as to who you are and where/what you got your Bitcoin from. It's far less anonymous than cash, but more anonymous than credit or debit or whatever.

Bitcoin doesn't do much to meet "cutting edge financial needs" other than being an effective medium of exchange for international financial needs and wealth storage.
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December 17, 2017, 04:33:02 AM
 #9

Bitcoin has for sure many advantage than one of the most important advantage it for me, is it is something which cannot be controlled or taken over by the corrupt government officials who just like to tax this tax that just to take advantage of people hard earned money for their luxurious lifestyle.

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December 17, 2017, 04:33:08 AM
 #10

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
Well if the article on the news (please give us the source of news) are talking about bitcoin between be compared with fiat money to be currency of course it will not be suitable basically the purpose of bitcoin is for fixing the weakness of fiat money, bitcoin is not just about advantage in here the profit or just in the price more than it, bitcoin is new revolution in currency, it is more transparant, decentralize and all of the people can see how much the bitcoin can be made, and we don't know how much numbers of fiat money be made by our government.
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December 22, 2017, 07:11:19 AM
 #11

Bitcoin has a lot of advantage. Bitcoin is controlled by the people who are holding it. While fiat money is controlled by our government.
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December 22, 2017, 11:39:03 AM
 #12

every things have advantages and disadvantages.

bitcoin have more advantage  than disadvantage not only an advantage .

main disadvantage  is government have shadow version of bitcoin

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January 02, 2018, 08:33:14 AM
 #13

Being wise at managing bitcoin will take a lot of patience. It may seem like bitcoin is simple and easy but being strategic about his takes time.
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January 02, 2018, 08:36:07 AM
 #14

They all can say it now but that will change eventually.
If they didnt really care why make a news about it.
I see it all over the internet and sooner more people will be into it.
That news will change and even the news anchor will have his own bitcoin amd may become the number 1 fan of it.
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January 02, 2018, 08:37:45 AM
 #15

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
i don't think it is only advantage yeah we will know that the main advantage of the bitcoin is decentralize, no one can controls it one of the advantage and it is untraceable so it is good fot he negotiation and have an fast transaction but the main reason is to make people unite because for now the people is still spreading the bitcoin in other countries o make it one digital currency
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January 07, 2018, 05:13:26 AM
 #16

Yes bitcoin only an advantages ,like good transctions, shopings, and security etc. It can also be interpreted as a dream of someone, its advances can be more than this: more than this.
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January 07, 2018, 05:37:33 AM
 #17

Yes bitcoin only an advantages ,like good transctions, shopings, and security etc. It can also be interpreted as a dream of someone, its advances can be more than this: more than this.

Yes, bitcoin is now an advantage for the users as they may able to do the their payment transaction online without bothering to go physically as to where they usually pay their bills transaction. Also, saving their bitcoins may eventually gain high profitability since the price value is still emerging until such time the users wish to cash out there bitcoin to cash.

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January 07, 2018, 08:11:29 PM
 #18

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
There are a lot of good advantages of bitcoin which are uncountable because bitcoin is such a currency which is not going to give you lose its always giving profit its transitions are also very fast and its price is high then any currency you can earn a lot of money more bitcoin through different resources and also you can learn a lot of things from bitcoin because bitcoin is the fast growing currency in market and now its unstoppable.
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January 07, 2018, 08:20:43 PM
 #19

Bitcoin has every capacity to be call a virtual currency after all bitcoin can be exchange for faint at any point in time with even high exchange rate to the US dollar, bitcoin potential has made it a great investment and any one saying bitcoin does not have capacity to be a virtual currency is just deceiving him/her self. Bitcoin over the years has made financial transactions across borders very easy people now choose bitcoin to send money to they love one's across borders over the old method which use to be PayPal and western money Union and that are all the functions which normal virtual currency perform.
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January 07, 2018, 08:35:49 PM
 #20

yaa if u have btc u have lots of advantage too
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January 07, 2018, 08:39:05 PM
 #21

Today bitcoin is a good option for investment to earn money. Its value is high and bitcoin price is keep increasing day by day.
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January 07, 2018, 09:01:45 PM
 #22

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
There are a lot of good advantages of bitcoin which are uncountable because bitcoin is such a currency which is not going to give you lose its always giving profit its transitions are also very fast and its price is high then any currency you can earn a lot of money more bitcoin through different resources and also you can learn a lot of things from bitcoin because bitcoin is the fast growing currency in market and now its unstoppable.
The advantage of Bitcoin is that it has a very special technical platform with high security and anonymity. Although the current altcoin has many advanced techniques but still can not replace the bitcoin in the market because bitcoin has been in the hearts of investors from the first bitcoin appearance on the world gender.
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January 07, 2018, 09:24:02 PM
 #23

Bitcoin has many advantages like anonymous transactions, decentralization, security etc but some times these advantages also act as disadvantages.For example Bitcoin transactions are anonymous due to which government is not able to identify the people involved in the transactions and government is not able to impose tax on that transactions which effect the economy of the country .Due to this anonymity feature some people also use Bitcoin as a mode of payment in illegal dealings such as drug dealings and ammunition's dealings.Security feature provide by Bitcoin can also be taken as a disadvantage because Bitcoin wallets can only be accessed by using private key that only we know, but if we die or if we lose our private key then all the money will be wasted and no other method will be there to recover it.
Bitcoin have a lots of advantages to the investors or people using it like having a much profit just investing in bitcoin because the prize of it is continually raising and bitcoin is have a much value than the other money currency in the world. But there is also a disadvantage in bitcoin like scam because of the popularity of bitcoin there have a individual,  group of person or they say's scummers the using bitcoin for the scum so that you'll need to be careful to secure and keep safe your money or bitcoin
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January 07, 2018, 10:07:26 PM
 #24

I consider Bitcoin to be something valuable as it is gold and may also be like a pulse but has a limited total supply so whatever happens there will be no addition or reduction in the amount of Bitcoin
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January 07, 2018, 11:28:23 PM
 #25

Bitcoin is capable of doing anything you could think of doing with cash except it's lack of physicality which fiat has but it can be processed by merchants as a medium of payments even though per the unsolved scaling issues it's quite expensive but hopeful of resolution in the future so to me it's not just an advantage but cash plus many other advantages.
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January 07, 2018, 11:41:10 PM
 #26

Well btc is just 9 years old with the major developments that occured just two years recently and it has too many roads to go, of course it is not perfect but this issues may be fixed.
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January 07, 2018, 11:58:42 PM
 #27

The advantage on bitcoin it really helps you a lot to secure your future.And helps you to earn profit from it. It the best way to earn and save more from the future. Many investor had investment for it. To get more. Honestly, bitcoin helps you to pay your daily expenses. And have a back up for you to get money , you can be a great provider to your family.
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January 08, 2018, 01:05:21 AM
 #28

If you got ferw bitcoins and you save them for future then you will have your life changing savings believe me.
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January 08, 2018, 01:19:32 AM
 #29

No , bitcoin is not the only coin that rises there is a lot of opportunity with other altcoins that rises faster and people do buy those and do some buying and selling they do scalping which they really earn instantly in a short period of time but you need to hear out what the other traders say when and what to buy . Bitcoin has a big advantage when it comes to price it increases rapidly and you can do scalping with it and earn profit in a short period . Some of my friends online bought condominium units and house and lot because of bitcoin they earn a lot from it they are actually financially free now and some do resigned on their job just to focus on bitcoin . Many people who works abroad already flew back to their homes and focus on bitcoin and earn a lot from it rather than working abroad that's the advantage of bitcoin . It will give you financial freedom and you can work whenever you want .

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January 08, 2018, 01:48:09 AM
 #30

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

Sad to say but, i have to admit, this actually has some truth behind it. Although bitcoin amd the world of crypto as a whole has a lot of advantage, it also has a whole lot of disadvantages that it carries along with the pros it has. Which is why cryptos now, are truly not yet worthy to replace fiat.

Which is why i suggest that for now, people should push the use of both fiat amd cryptos in harmony than divide people and make them choose between fiat amd cryptos when we cam use them both and get benefits from all their pros.
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January 08, 2018, 05:12:24 AM
 #31

Well btc is just 9 years old with the major developments that occured just two years recently and it has too many roads to go, of course it is not perfect but this issues may be fixed.

Sure, it is still in the early phase of development and so there is more room for improvements but that doesn't make cash a better currency than bitcoin because bitcoin is capable of whatever cash can and even more due to the blockchain technology backing bitcoin.
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January 08, 2018, 07:26:34 AM
 #32

yes, I agree with you. and even more, bitcoin not only improves everyone financially, but also improves the world economy.

Definitely agree with you mate..so many advantages with bitcoin for us all people subscribers..gives us a source of income big opportunity awaits you..fastest and unlimited time offer..easy access in internet and financially secured..improves world economy..changing life more into better and a brighter future Smiley

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January 08, 2018, 07:34:50 AM
 #33

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
As more and more countries admit it, bitcoin has a role to play, and bitcoin has the same value as gold.
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January 08, 2018, 08:01:47 AM
 #34

For me Bitcoin is very advantage and good because i like to invest in bitcoin to make some profit in the future. For everyone in this world want to make some income source so i come to the crypto currencies from this i will make money bitcoin is good to buy now and hold it for the future. The crypto market is good because this will survive for the long term.

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January 08, 2018, 08:23:52 AM
 #35

yes bitcoin is great for other jobs or business because when you invest here you will do it but wait for its value to rise instead of your btc and you will earn it.
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January 08, 2018, 08:29:28 AM
 #36

Bitcoins is  a double edge sword, it has both advantages and disadvantages. Apart from the anonymous transaction be advantage, speed of transaction is also fast with you as your main bank. Disadvantages include high network fees and the possibility of you losing your fund through hacking of your account.

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January 08, 2018, 08:30:42 AM
 #37

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

We live in a digitalized world, cash is not needed much. I don't know if you heard but there are 400 trillion dollars in the world, of each only a few trillions are actually cash, a few.
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January 08, 2018, 08:34:28 AM
 #38

Bitcoin is popular online digital currency. Having a lots of advantages, we use bitcoin as our daily basis needs. We preserve food, clothing, footwear and many necessary things by bitcoin. People now using Bitcoin for shopping 🛍 shipping, travelling and so forth.  So i think bitcoin has a side of advantages.
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January 08, 2018, 08:36:53 AM
 #39

advantage of bitcoin are so many like in bank,in payment,or in other way of transaction.Actually it run because of the conveniece that crypto brings like earnings here and for many of transaction so that's the advantage of it but it also have disadvantage like some people using this for scam or they create phising site for themselves only and not thinking others feeling when they scam other or they hack some account.
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January 08, 2018, 08:38:17 AM
 #40

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
Doesn't have attributes to be a cash? It doesn't have to be cash, cash is money - tangible while bitcoin is digital and intangible. People who are saying that it doesn't have the major characteristics then let them assess what they can see in bitcoin and for us who are staying and having some relaxation while sitting and seeing it grows will say that it has all the advantages.



 

 

 

 

 

 


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January 08, 2018, 08:39:19 AM
 #41

Bitcoin was never supposed to be mainstream currency but alternative to the existing financial service. And it's not the imperative to become exactly like any other fiat currency.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.

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January 08, 2018, 08:48:27 AM
 #42

All things have advantages and disadvantages which btc is not exempted. It's true btc have no attributes but btc was created for a purpose of a cashless currency. It is more easy to handle and accepted worldwide no need for conversion to a certain currency.
but because of the traders flux in, bitcoin goes beyond that it become an asset that can compare to gold though it has no faces or attributes.
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January 08, 2018, 08:58:08 AM
 #43

Bitcoin can't be treated as only an advantage. Every coin has two faces and so does Bitcoin. Bitcoin is really great when it comes to making payments, using the technology, trading the coin etc... but it has its own disadvantages such has the huge fees and congested network. Although these issues are temporary as the dev team is in process of finding a clear solution for this, it still is a burden on our heads until the problem resolves.
There are disadvantages in every thing and the cons BTC has are none avoidable.

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January 08, 2018, 09:00:41 AM
 #44

I think the only advantage in bitcoin is because of its high price in the market. And because of that people tend invest on it than to other altcoins, other than that, it don't any other advantage in my opinion.
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January 09, 2018, 05:45:28 AM
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I think the only advantage in bitcoin is because of its high price in the market. And because of that people tend invest on it than to other altcoins, other than that, it don't any other advantage in my opinion.

I think bitcoin's high value is not an advantage. I think what you mean is its volatility that makes it advantageous and makes it more prifitable than any other cryptocurrency. But bitcoin is not exempted in having flaws, which could make people go back to cash and the old fashioned way again. But it just depends on the person on how they perceive bitcoin's characteristics.
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January 09, 2018, 05:57:28 AM
 #46

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

For now, Bitcoin cannot be performing at par with the fiat currency. I hope you will understand this situation of Bitcoin's. Bitcoin is really struggling to go to the surface and become an easy alternative to our traditional fiat currency. However, there are several reasons why Bitcoin cannot do that for now. First is that cryptocurrency is still relatively young and not as widespread as fiat use although it is really growing fast. Second, Bitcoin has transaction fees while fiat does not have. Third, confirmation time for Bitcoin use is necessary while not in fiat. And then most of all, the value of Bitcoin is rising really fast that people might find it wasteful to spend their Bitcoins.
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January 10, 2018, 10:30:35 AM
 #47

yes, I agree with you. and even more, bitcoin not only improves everyone financially, but also improves the world economy.
I think if you can get profits from it, it will keep both disadvantages and advantages. As far as we know about its benefits before deciding to buy it. It’s really a easy and convenient way for us to make an extra income . There is no doubt that these day, bitcoin helps us a lot to develop finance as same as improve our economy. However, it also brings us disadvantages, you can easily be cheated  by scammers… sometimes, you are so interested in it and use a lot of money for it, then you lost all which make you profoundly disappointed.
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January 10, 2018, 10:38:46 AM
 #48

Bitcoin is an advantage and some time disadvantage also.
advantages:
bitcoin is decentralized
bitcoin has low transaction fees
bitcoin transaction can do with anonymous names
security
disadvantage:
bitcoin transactions can do with anonymous names,criminals also use this feature for bad things.
According to my view bitcoin is really an advantage. Smiley
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January 10, 2018, 02:46:05 PM
 #49

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
it's true that many people are scavenging the benefits of crypto ... but even so there are some who lose because they have not understood or ambition in using bitcoin
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January 10, 2018, 04:07:16 PM
 #50

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
I also thinks the same , here I can explain with the example where one person asked me that why we should use Bitcoin , here we can make only money and nothing , making money with the help of Bitcoin is much easier because everything you will manage will remain available at the online platform that can be handlable through pc, And nothing big you can make .
So at this I explained him that it is not limited to particular no. Of people and we can use it for the international market to buy anything that we want and also its demand day by day increasing rapidly .
And also we can transfer or convert one country Fiat into another with small amount of fee only , while with the help of banks we need to pay 20-30% of worth to convert .
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January 10, 2018, 04:12:27 PM
 #51

Advantages and Disadvantages is available in Bitcoin.But i think disadvantages is very few and advantages is more such as this is very faster in money transaction and always your information will be hide who guys can't see.

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January 10, 2018, 04:21:15 PM
 #52

I think bitcoin advantage is its own. Bitcoin is more than money and better than money. This is the future of transactions. The major exchange in the future. This is all what I think the advantage of btc coz this is a potential ever created coin in the history of altcoins. Bitcoin creates its own history not relying to anyone else who doesn't allow bitcoin to their lives.
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January 10, 2018, 04:32:49 PM
 #53

It is not like that. bitcoin is not just an advantage. but bitcoin also has many losses that we may feel / face.
there is a negative side of bitcoin. that is,
the negative impact of bitcoin or often we call it a loss that we may face in running or doing business or transaction in bitcoin.
it turns out to join in this bitcoin not only we feel the benefits are abundant but many possibilities we will also feel the loss or negative impact of bitcoin.
namely that over time will emerge new concepts that will compete with bitcoin.
high risk investment. transactions that can not be changed. lose swallow. limits in the future. and of course to the legality of this bitcoin
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January 10, 2018, 04:34:25 PM
 #54

That would be true but the reality is that someday nations will use their own virtual currencies which will be regulated and subjected to the laws of their government, it would be bitcoin, available altcoins in the crypto market or newly created coin which will be used by the people because of the demand of the technology and innovation of the currencies they can't stop this change as it will come to past someday, fiat will cease to exit from the cycle if the technology can act like a fiat.

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January 10, 2018, 04:44:55 PM
 #55

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
yes bitcoin has a lot of advantage ie bitcon is globally amazing currency and its popularity increased day by day. people use it in shopping mall, market space, travel agencies etc. educational site involving bitcoin soon.

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January 10, 2018, 04:49:21 PM
 #56

Bitcoin was never supposed to be mainstream currency but alternative to the existing financial service. And it's not the imperative to become exactly like any other fiat currency.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.

Internet wasn't made to be mainstream at first either. But as time passed by more and more things were done to upgrade it and to make it where it is today. Internet started as a test between 2 universities in USA and now it serves like every home where possible. Bitcoin wasn't maid for mainstream either, but some things and protocols are being done to provide the need for more people. We see other coins such as RaiBlocks and IOTA comming up with their ideas and we see bitcoin implementing LN, I am sure more things will be done to ensure that we use crypto at mainstream lvl. If not bitcoin we will use some other altcoin that will provide safe and secure solution.
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January 13, 2018, 07:37:59 AM
 #57

The advantage of bitcoin is you can really earn and save more from it. By saving and investment for it. Bitcoin is really a good investmemt that helps to have a profit in my money. Bitcoin is sacred so no one can steal it from you because bitcoin is secured and trustworthy . And its digital

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January 13, 2018, 07:47:47 AM
 #58

Money is defined as a means of exchange. For now bitcoin can be use as a means of  exchange for goods and services. The reason people are confused about bitcoin is because people are comfortable with our traditional fiat currency but I know with time bitcoin will be accepted massively.
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January 13, 2018, 07:47:53 AM
 #59

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

Advantage of bitcoin? it has many advantages or advantages. I did not mention it all. One that is beautiful here is his high price or value every month. The only thing that keeps going up and sometimes stops but often increases. Many people are inspired and want to have 1 bitcoin for themselves. They sell high prices and buy them at low cost and grow until they grow and sell again. More repeat until they accumulate large and sufficient money for them. Smiley
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January 20, 2018, 02:39:30 AM
 #60

Owning bitcoins today are advantageous, you should treat it as an investment to properly appreciate it. Bitcoins will surely gain more support in the future making it easier to use.
The advantages of bitcoin are: The more advanced the more resources, the founder of bitcoin has a great advantage. Decentralized, anonymous accounting, a certain amount of total.
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January 20, 2018, 03:04:05 AM
 #61

Cash can't be compared to bitcoin because cash is still the king. There are so many advantages using cash than relying in bitcoin. The main advantage of bitcoin over cash is convenience.

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January 20, 2018, 03:51:12 AM
 #62

Bitcoin relies entirely on P2P networks to operate without central servers, so any external force can do nothing about it, unless global power is down or the entire Internet is down. While the bitcoin market may fluctuate, crash, socially vested interest groups and groups may declare it illegal, the huge peer-to-peer P2P and bitcoin P2P networks will not disappear.
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January 20, 2018, 03:53:38 AM
 #63

Bitcoin is anonymous, tax-free, regulatory-free and more. Because of these characteristics, bitcoin may be widely used in underground black market transactions, money laundering activities, and gambling, cross-border transactions. Because of the huge market demand in these areas, there is little need to worry about the declining Bitcoin liquidity.
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February 06, 2018, 06:06:38 PM
 #64

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
Invention of bitcoin is very very innovative idea. BTC is the boon for the entire planet. Bitcoin is an asset for the planet . There are several advantages that make bitcoin so successful. BTC is entirely tax free, there is no regulating body over it, there is no involvement of any third party seizure, it is very confidential mode of transactions. These are very few of many that made millions of people to invest into BTC.
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February 07, 2018, 03:25:30 AM
 #65

The advantages of bitcoin are many,
One of the advantages: to decentralize (safe + transparent)
Two advantages: can not be tampered with, can not be forged
Three advantages: easy trading, especially transnational transactions
Four advantages: no inflation
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February 07, 2018, 03:32:43 AM
 #66

I think Bitcoin doe not only provide advantages to the users. It also provides disadvantages. For example is the offering of low value of bitcoins which affect the bitcoin users.
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February 07, 2018, 03:39:13 AM
 #67

For me bitcoin is an advantages, when it falls i'd buy but when it rised i'll sell it.. That is advantages
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February 07, 2018, 04:10:17 AM
 #68

On the currently form it's a fact Bitcoin can't replace cash. Bitcoin can't be used for small transactions at this moment, also it doesn't have capacity for mass adoption. But I believe Bitcoin isn't here to replace fiat totally, we can live using several currencies if we wish. We have our local currency, we have Crypto-Currencies and we can use all of them for different activities. At least we should have the right to do this.

 
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February 07, 2018, 04:20:58 AM
 #69

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
When you want to buy bitcoin you have to pay in cash then go to some remittance stores that offers that kind of service. I use an app that converts peso to btc and for me to do that is to go to a convenience store that does that transaction. So, what I mean is you're quite wrong about your perception with bitcoin. Smiley
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February 07, 2018, 04:33:03 AM
 #70

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?

yes I still think that way too, so the more bitcoin you are then the more fortunate you will be.  Grin

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February 07, 2018, 04:35:15 AM
 #71

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
I agree if bitcoin has no attribute, physical form and is still far from the hope of becoming a currency. but you can see if the current bitcoin is very good as an investment tool. and especially we can use bitcoin as a source of income. so there's no harm in playing bitcoin to get an advantage.
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February 07, 2018, 04:41:09 AM
 #72

Bitcoin has many advantages, ranging from bitcoin as a currency to bitcoin as and assets, bitcoin has a characteristic as all other currency has that is it ability to be use as a medium to pay for goods and services but bitcoin transactions are done online since bitcoin is a digital currency. And again bitcoin is an assets that has a very good potential to earn big interest for those who invest in it.
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February 07, 2018, 04:49:30 AM
 #73

Bitcoin have many advantages like with thru bitcoin you able to send and get money anywhere in the world at any given time.We have control in our money because there is no central authority or middleman in the Bitcoin network like central bank.Also Bitcoin exchanges help merchant  or store process transactions by converting bitcoins into fiat currency. We are able to exchange at lower fees.
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February 07, 2018, 04:54:49 AM
 #74

Bitcoin is characteristic of anonymous transactions and decentralized transactions, but these features are often exploited by criminals, causing many to dislike bitcoin.
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February 07, 2018, 05:03:08 AM
 #75

Bitcoin has many advantages,  its very secure and decentralized. Bitcoin can get there value high . Since its digital and very secure it cant be stolen from you. Bitcoin also its a good investment because with help of bitcoin you can get high profit from it. You can send money without any transaction fee. And less hassle you dont have to travel and go to any remittance store.  You can send money to bitcoin.

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akkocoin
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February 07, 2018, 05:14:02 AM
 #76

I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
Bitcoin can monitor the global currency liquidity. The drop in liquidity will give early warnings to civilians, businessmen and governments all over the world. All countries in the world will reach an agreement and formulate solutions to prevent the economic crisis.
paxaway21
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February 07, 2018, 05:21:49 AM
 #77

my opinion the advantage of bitcoin makes it easier to pay money or pay without first getting out of the house to pay your trasac and also used it to ico to buy tokens
trickyriky
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February 09, 2018, 04:02:38 AM
 #78

Owning bitcoins today are advantageous, you should treat it as an investment to properly appreciate it. Bitcoins will surely gain more support in the future making it easier to use.

I am also sure that in future more people and many countries will use Bitcoins and probably other cryptocurrencies. We will pay with BTC for school, hotels, airplane and train tickets, for entertainments and even in casinos.
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