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Author Topic: Major benefit of bitcoin?  (Read 1928 times)
ReLieD
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December 08, 2017, 04:07:40 PM
 #21

The most beneficial thing of Bitcoin is its increasing price. It's hard to believe but Bitcoin was around 700 USD and today just after 1 year I Crossed 18k USD . This makes it a very good investment. Also Bitcoin being decentralised is used mostly in all the new platforms or famous websites. Mainly gambling websites because even they know the benefits of Bitcoin.

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Hexcolyte
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December 08, 2017, 05:59:17 PM
 #22

It is not about the price, but the ability to let a number exists permanently, and store it in many computers. No matter what happened, as long as there are different miners computing the Bitcoin blockchain, the number is always there, provided one has its private key. The number on blockchain will not just simply vanished from the earth, but some fiat currency certainly will.
badjacks99
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December 08, 2017, 06:26:05 PM
 #23

For me personally I got into it for the anonymity as well as the fact that the US government shut down all the Internet fiat poker rooms and casinos back in 2006. Just left me looking for a way to continue playing cards like I want to do.
So that was definitely a huge benefit for me.
rudox
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December 08, 2017, 06:30:12 PM
 #24

You can not get the kind of liquidity Bitcoin has with any other altcoin. There is also the resilience and of course the high price. These are really what makes Bitcoin the king of all coins.
Saifher
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December 08, 2017, 06:30:34 PM
 #25

Bitcoin is the reason we're all here. When someone thinks or ask about cryptocurrencies, the first thing that comes to mind is Bitcoin. It has first mover advantage and it is the creator of the entire cryptocurrencies market. The brand and the history of the coin are its biggest benefits and advantages over other coins, no doubt about it.

Deubila
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December 08, 2017, 06:32:14 PM
 #26

The benefits that bitcoin brings are enormous. There are a lot of rich people from bitcoin. They suddenly became billionaires, really surprised. However, many people do not believe in them .. and they lose their opportunities
solarion
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December 08, 2017, 06:45:35 PM
 #27

For me personally I got into it for the anonymity as well as the fact that the US government shut down all the Internet fiat poker rooms and casinos back in 2006. Just left me looking for a way to continue playing cards like I want to do.
So that was definitely a huge benefit for me.

This year also they have closed the some online gambling site's using bitcoins. So many gambling site goes to lose due to the US government action in that thing. We have to different places like other country gambling site. If you want to play the games.
As you said, being anonymous and making money is best factor in bitcoin economy. Next fact is price, it is simply amazing in the price chart we do find the bump everyday. If it is corrected to any little dump means also you will get the better profit in trading or some other way.
Kim Ji Won
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December 08, 2017, 06:46:03 PM
 #28

Since Bitcoin has been the first ever successful digital cryptocurrency in the market, it is the first one that people put their trust in. The way we value bitcoin is way more important than any other alternative coins, that is why its price is unlike any other. People who have no enough money to start investing in the crypto world can do it for free in bitcoin by joining in signature campaigns. They will have their own assets that they can grow depending on how they use it.
phpdev3
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December 08, 2017, 06:53:45 PM
 #29

The benefit of bitcoin is to make a profit using a short time if you can buy it at a low price. There are many other benefits also. For knowing this, you have to search on google.
Abhinav Anirudhan
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December 08, 2017, 06:54:03 PM
 #30

Bitcoins has been a bigger preference than cryptocurrency or altcoin earning for me because Bitcoins can invest money for a long period of time. We can redeem Bitcoin to wallets according to our needs . Bitcoin blockchain has provided a very huge platform in the field of business and marketing. It also has a great feature which is called cryptographic security which prevents hacking of transactions.
Malaya
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December 08, 2017, 07:08:15 PM
 #31

Probably the major benefit of bitcoin to all it's users and the other potential users in the future are it's slowly but surely growing in its value for almost 10 years. Bitcoin made its way to continuously show to its users that they are competitive because never the one who invested in it gained its investment double, triple or more times from their original money. Bitcoin can be a reliable currency to believe in and people can count on to that by its amazing track record compared to other crypto currencies.

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BlackBeauty
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December 08, 2017, 07:51:52 PM
 #32

Probably the major benefit of bitcoin to all it's users and the other potential users in the future are it's slowly but surely growing in its value for almost 10 years. Bitcoin made its way to continuously show to its users that they are competitive because never the one who invested in it gained its investment double, triple or more times from their original money. Bitcoin can be a reliable currency to believe in and people can count on to that by its amazing track record compared to other crypto currencies.
There are many benefits of bitcoin but some of benefits I will discus in their the first is that we can many more earn money for comfortable life and secondly we invest in bitcoin for best profit and that will be much better for our best future and after that we can start a best business for future and our family and then we can change other mind for this forum and can change the world from bitcoin forum.
Akash1243
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December 08, 2017, 07:57:34 PM
 #33

The major benefit of bitcoins is that it is gradually increasing and if ever there is a drop or dump it quickly recovers from it and chances of making profits with bitcoins is surely hugher than any other crypto currency.There are many sites which accepts only bitcoins as a mode of payment not any other coins and also that bitcoins are the face of crypto market amd dominates other coins.
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December 08, 2017, 08:11:02 PM
Last edit: December 08, 2017, 10:01:31 PM by bright4mech
 #34

BTC is a Universal currency and accepted any where in the world, that is the  number one benefit, secondly BTC does not depreciate in price, but appreciate in nature. BTC is good for an investment, that is to buy and keep in your wallet and when ever the price raises you sell it off and make cool profit. Finally BTC is faster transaction with immediate effective for receiver, when ever want to buy or sell something online, it does not delayed.
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December 09, 2017, 12:50:47 AM
 #35

The most beneficial thing of Bitcoin is its increasing price. It's hard to believe but Bitcoin was around 700 USD and today just after 1 year I Crossed 18k USD . This makes it a very good investment. Also Bitcoin being decentralised is used mostly in all the new platforms or famous websites. Mainly gambling websites because even they know the benefits of Bitcoin.
It is true. bitcoin is designed so. bitcoin is created in limited quantities, the more days it wants to invest with bitcoin, so bitcoin prices continue to rise. someday bitcoin will be a rare item that many people want to have, so any price will be fulfilled.

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December 09, 2017, 01:15:07 AM
 #36

There are many benefits of bitcoin,first is faster and convenient transactions. But the major benefit of it is the high value or price when we convert it to cash or to the other currency. Because of it's high value more goods are going to buy even in small amount of bitcoin.And it gives hope and opportunity to unemployed people to earn more than to the salary of the employed people that working at the private company.So bitcoin can help also in preventing poverty.

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December 09, 2017, 01:40:38 AM
 #37

For me the major benefits of bitcoin is gave opportunity to earn money,.
Many people are continuosly trust because bitcoin is the digital cryptocurrency successful now. Even in other countries. It can help also some of people that jobless, and for those have regular job it can bring them additional income.
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December 09, 2017, 02:32:38 AM
 #38

Bitcoin has many benefits its gave us chances to earn another income and became our part time job.And in terms of transacting it is the easiest and convinient way of transfering our money in any other remittances  or banks.It helps many people to have an additional income in our finances.
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December 09, 2017, 02:36:27 AM
 #39

Yes I agree with the other comments that the major benefit of bitcoin is the price growth in everydays investment they offer by the people who are interested to be part of bitcoin and I think that's the greatest thing that has been offered by bitcoin.

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December 09, 2017, 02:40:59 AM
 #40

I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?
The benefits that bitcoins bring to us and we always see that is the profit. We can make a lot of profit from bitcoin in a short time.

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