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Author Topic: The advantages of bitcoin  (Read 1863 times)
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March 27, 2018, 07:09:34 PM
 #161

Bitcoin has volatility mainly due to the fact that there is a limited amount of coins and the demand for them increases by each passing day.
However, it is expected that the volatility will decrease as more time goes on.
As more businesses, medias, and trading centers begin to accept Bitcoin, its’ price will eventually settle down.
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March 27, 2018, 07:40:05 PM
 #162

Doesn't really have many advantages over other cryptocurrencies though, for example I can't think of a single advantage over Monero.... Well, other than the fact that it has higher liquidity because more people use it. The promise of bitcoin isn't what it was made out to be, I think it needs to be forked a few times to compete. I guess at least it does have the advantage that it will still be the biggest, even after forking multiple times.
Bitcoin does not need advantage right now to become stronger than other cryptocurrencies. As you can see, since bitcoin is the first cryptocurrency on the world, it has been trusted by many people and therefore, it will remain the number one coin for at least a few more years

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March 27, 2018, 08:22:15 PM
 #163

The advantage of bitcoin it is a good in a long term investment beacuse the prize of bitcoin is not a stable they have posibility that your investment become double.and bitcoin is profitable in a short period of time and they have a lot of users change the lifestyle through bitcoin and also bitcoin have no taxes in my country so i claim my profits full.
This is really I like when using bitcoin then converted into fiat and no tax collected by the government. The adoptation by many people into bitcoin because they can earned money from bitcoin. This opportunity really good to all of us, also using this bitcoin to make transactions is one of a good advantages that most likes.
Yeah it is true that earning is the best for bitcoin adoption and mostly people are adopting bitcoin because it has given then source of making money and it has become a helping hand for them. now a lot of people are sending and receiving money in form of bitcoin to one place to the other which is now globally conceding the best way to transfer money without any fear, bitcoin has a lot of benefits that can never be describe in words, bitcoin is an asset, bitcoin is a job, bitcoin is way of fast transaction and bitcoin is the way of income.
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March 27, 2018, 08:33:46 PM
 #164

I think bitcoin excess is the highest bitcoin exchange rate among other coins
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April 02, 2018, 04:00:07 AM
 #165

the one of advatages of Bitcoin is can not be stolen to bad people because bitcoin has ownership addres can only be changed to the owner, the bitcoin is impossible to steal the bad person unless they have physical access to a user's computer and they send the bitcoins to their account, Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.

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April 02, 2018, 04:16:34 AM
 #166

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.


it is a good thread. I like bitcoin because it is safe and secure, als prospective in future.
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April 02, 2018, 07:54:27 AM
 #167

the one of advatages of Bitcoin is can not be stolen to bad people because bitcoin has ownership addres can only be changed to the owner, the bitcoin is impossible to steal the bad person unless they have physical access to a user's computer and they send the bitcoins to their account, Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.
Bitcoin has it's own blockchain and like other crypto they also have a blockchain, to be not stolen we need to protect our account.
The good thing is that if we own the private key and other important information, other people will not see how much we are holding, hence it gives us real privacy.



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April 02, 2018, 07:56:24 AM
 #168

i myself find it useful & globalcurrenty in a tru sense. thats what i fnd itrestng about bitcoin.
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April 02, 2018, 08:16:02 AM
 #169

The advantage of bitcoin is that bitcoin is an electronic money that you van save in an online wallet. No body can easily get it because only you has the access on it. You don’t need to bring extra physical money just to purchase what you need. There are online sites that you can visit tompurchase your needs. You can also use it to trade for you to generate extra income.

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April 02, 2018, 09:28:43 AM
 #170

Bitcoin also has the advantage of being able to transact easily anywhere and anytime and even bitcoin prices do not control even though bitcoin has advantages but bitcoin also has the disadvantage that is no matter responsible for the loss of bitcoin you have.

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April 02, 2018, 01:36:59 PM
 #171

I think the excess Bitcoin bitcoin is electronic money that can be used for the need of transacting online and easier and faster and for me is the advantage Wink
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April 02, 2018, 01:50:35 PM
 #172

I believe that bitcoin and the cryptocurrency as a whole, aimed at one thing - to get away from mediation. And so far, everything is just being formed, it is possible to earn good money. The first take everything, all the rest - everything else.


Saya pikir di bitcoin Anda hanya perlu berinvestasi atau posting untuk mendapatkan uang.
Keuntungan dari bitcoin, Anda tidak perlu bekerja di bawah matahari untuk menghasilkan uang, Anda tidak memiliki salestalk pelanggan Anda untuk mendapatkan uang.
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April 02, 2018, 01:59:57 PM
 #173

One of the most advantages of bitcoin is most of the world's current countries have allowed Bitcoin trading.
People can earn bitcoin easily from online and can trading in online more safely than physical bank transaction.
Now the present world price of Bitcoin is growing faster than other online currencies that’s why people like bitcoin more than other online currency.
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April 02, 2018, 02:21:03 PM
 #174

Bitcoin itself is an advantage to all people who have trust on it. Because it provides great profit and change many lives like giving an opportunity to less fortunate one. And that is an advantage of bitcoin for me. 

You're right. I experience to earn as well on bounties and convert it to bitcoin then convert it to cash. Bitcoin indeed is an opportunity nowadays that provides venue to any person regardless of background or educational attainment.  It's a platform that provide equal opportunity to anyone who is willing to do the work.

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April 02, 2018, 03:11:51 PM
 #175

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.
Bitcoin advantages by itself is the great source of income with a freedom payment and for those who are jobless bitcoin is the instrument that will change their life too and so am i,because its an easiest way to earn money and its profitable indeed,bitcoin is very helpful to everyone who trust.
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April 02, 2018, 03:17:27 PM
 #176

the bitcoin excess for me there can make an opinion and also very young and fast when using for the transaction tool
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April 02, 2018, 03:28:05 PM
 #177

The advantage of bitcoin, you dont need to work under the sun to make money, you dont have salestalk your customers to earn money, in bitcoin you just have to invest or post to earn money.

it is true mate, you dont have to work under the sun , investing in bitcoin you can get alot benefit. you buy then wait and sell if the price is going up.
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April 02, 2018, 03:43:18 PM
 #178

And also the most noticeable advantage in this bitcoin is a clear and transparent payment blockchain system. making all transactions available to the public. as well as membrikan ease of access in conducting transactions at any hour. and what I like best is how this bitcoin becomes so valuable in comparison to gold with a limited maximum supply until generally when it reaches that maximal point the price should reach its maximum point.

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April 02, 2018, 08:53:31 PM
 #179

the advantage of bitcoin is very important,like people who manage the crypto business. they give advantage how to handle money.
One of the greatest advantages that bitcoin has is that it make us independent from the banks in the past if you wanted to send a payment to the other side of the world you will need to contact your bank and then ask for permission to do it in fact if you did it without asking them first they could freeze your account arguing suspicious activity, but with bitcoin that will never happen.
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April 02, 2018, 09:33:29 PM
 #180

I think the excess Bitcoin bitcoin is electronic money that can be used for the need of transacting online and easier and faster and for me is the advantage Wink
Yes all of them are the benefits if bitcoin we get every day, now as per time bitcoin is having very high potential and it can give me huge profit, so for me bitcoin has a lot of advantages that I can get profit with, bitcoin can be save for long time. We can transfer a lot of money in forum of bitcoin from one place to the other, now we are getting benefit of fast transaction, and money transfer using bitcoin only. So bitcoin is a job bitcoin is saving and it is more than currency to buy everything we want to buy.

 
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