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Author Topic: Advantages of bitcoin  (Read 1888 times)
shoaibmahar
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February 25, 2018, 03:59:35 PM
 #41

Bitcoin is autonomous,It has no need third party to make transaction,Bitcoin is based on Block chain which is quick and secure way to do transactions.Bitcoin is medium allow you make payment on fingertips beyond the borders.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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J_CCreate
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February 25, 2018, 04:05:06 PM
 #42

Bitcoin transactions are completely anonymous and private. Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.  A person can only know the addresses of bitcoins on which the payment has been sent and received. But  to whom these addresses belong cannot be identified. It’s like payment to a particular bank account can be tracked but to whom these accounts belong cannot be known. ( but if a person uses same bitcoin address for every transaction for a long period of time, there is possibility that the person can be tracked).
Paying through bitcoins provide us the utmost freedom. Bitcoins can be sent to any person in any part of the world. No intermediaries in between. No bank holidays/strikes. No boundaries or borders. No payment limit.
Lecam
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February 25, 2018, 04:12:52 PM
 #43

Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.


As a decentralized currency, bitcoin is a better way to invest and do trading business. It is a profitable long term investment that would let us gain for the betterness of our future. It provides easier transactions that makes our tasks lighter. Bitcoin has all the potential and I think it would strive more in the future.
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February 25, 2018, 04:19:47 PM
 #44

Bitcoin is the godfather of all digital currencies, it is reliable, it can grow unlimited.

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February 25, 2018, 04:28:13 PM
 #45

Advantages: You can get or send money anywhere in the world (as long as it is not banned in their country) because bitcoin is global. Peer-to-peer transaction, there is no need to go the bank and do transactions there. No tax for the purchases. Faster transactions.

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must_have
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February 25, 2018, 04:55:57 PM
 #46

Bitcoin has many advantages. Here are some of them:
1. Safety
2.Simplicity
3.Compatibility
4.Accessibility
5.price, of course Smiley
Birdiebig
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February 25, 2018, 05:05:30 PM
 #47

transaction anonymously and on par with anyone. That is the characteristic of bitcoin. It creates justice for all.
cosmoo
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February 25, 2018, 05:07:28 PM
 #48

Most important for every coin/token it's their community. Bitcoin have the biggest and very strong community of holders.
TrevorSmith
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February 25, 2018, 05:14:36 PM
 #49

Bitcoin in the beginning of crypto currency and is most reliable and secdured digital currency
rybakov
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February 25, 2018, 05:15:28 PM
 #50

Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.
There are many advantages like it is easy to carry and the transfer can be done from mobile or desktop. For bank transfers, you will have to go to bank which wastes a lot of time.
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February 25, 2018, 05:18:20 PM
 #51

Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.

it was the first one Smiley that's the main advantage. basically it's mostly its pr value that makes it so precious as the projects running now have better features than bitcoin. But bitcoin will always prevail.

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sarjilcse
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February 25, 2018, 05:18:56 PM
 #52

Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.

Here is the some advantages of bitcoin:

No Third-Party Seizure

No Taxes

No Tracking

No Transaction Costs

No Risk of “Charge-backs”

Bitcoins Cannot be Stolen
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February 25, 2018, 05:20:26 PM
 #53

If in real life, we have to use this or that currency, depending on the country of residence, Bitcoin did not force users of the Internet to pay, and certainly did not force. Crypto currency is a free choice of free people.
Roboabhishek
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February 25, 2018, 05:46:38 PM
 #54

high profit.
secured.
most popular cryptocurrency.
Trustable .
Best type of investment for those who want to earn more profit in less time.
Stac
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February 25, 2018, 06:14:43 PM
 #55

There are multiple advantages of bitcoins, the bitcoins can be transferred all through out the world by a simple click and a bitcoin wallet for buying and receiving bitcoins or to hold bitcoins one needs a bitcoin wallet, all the transactions are done easily without paper work or without any third party involvement only the user's have control over their own finances. Each transactions are recorded on the public ledger which can be seen by all. Bitcoins are a good investment as the value of bitcoins keeps on appreciating every year and like any financial markets there will be a hike and dip in the market. User's identity is not revealed for transacting world wide which makes it a secure transaction from identity theft.

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February 25, 2018, 06:36:35 PM
 #56

Bitcoin is the largest cryptocurrency by market capitalization. This was the first cryptocurrency, all altcoins are initiated because of bitcoin. The high volatility  and the rapid surge made it the most popular coin for traders and investors. When Lightning Network is implemented, it will be the best cryptocurrency with fast secure transactions that cost almost nothing.

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February 25, 2018, 06:58:47 PM
 #57

Bitcoin is the most known crypto, it's been on the market for years now, it's really strong and safe, so you won't be scammed so easily, if you're a minimum  aware of what you're doing.
ed_Berrington
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February 25, 2018, 07:17:19 PM
 #58

In fact, Bitcoin's advantages are not so small. For example, these are zero commissions, instant transfers, full control over your funds and the elimination of transparency.
bitcoinajax455
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February 25, 2018, 10:20:05 PM
 #59

Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.
There are many advantages of bitcoin. It is  a payment of freedom that is possible to send and receive bitcoins anywhere in the world at any time. We can choose our own fees to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Bitcoin users are in full control of their transactions. It is easy to access.
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February 25, 2018, 10:22:51 PM
 #60

Its basically an commodity now. Similar to gold. Hold it for the long term and reap the benifits
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