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Author Topic: The advantages of bitcoin  (Read 1835 times)
Ashong Salonga
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March 22, 2018, 04:59:56 PM
 #21

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 serves as our main income generator because it gives us income as long as we work hard and very intelligently. Bitcoin good advantage for me is that it doesn't care about what you are and what is the status of your life in the society. As long as you want to earn and you are working hard for yourself or for your family you will earn good here in bitcoin and sometimes you are better to those people who have permanent jobs.  

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March 22, 2018, 05:00:18 PM
 #22

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.

The good advanrage of bitcoin is that it is different from banks and do not hold by any government or people. Bitcoin is decentralized which means nothing leads about it. And one of the good thing in bitcoin is that it gives people the earnings they deserve based on what they worked on. Bitcon serves as the income generator of many people nowadays because they find that earning here in bitcoin is very good than in office jobs.




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March 22, 2018, 05:57:30 PM
 #23

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.
All of those are some of the great advantages of bitcoin but you probably forgot one of the most important and one of the reasons of why many people are here, bitcoin is probably the best investment in the last decade and there is no reason to think this is going to change, so many people are using bitcoin not as a currency but that as an investment and even if that was never the intention of Satoshi he created one of the best investments in the world.

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March 22, 2018, 07:13:52 PM
 #24

Bitcoin is the best cryptocurrency of present era for a reason and this reason is the advantages it provides to it's users.It provides it's users a facility of fast and cheap  transactions within and outside the country and these transactions are anonymous as no government is able to track these transactions. It provides it's users with security as Bitcoin wallets are only accessed with the help of a private key which only the user knows and no third party interference is there.It is the finest investment asset and provide huge profits within a short period of time.Bitcoin transactions are tax free as no government interference is there.Bitcoin also provides it's users a way to earn good amount of money.These are some advantages of Bitcoin which make it better than other cryptocurrencies.


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March 22, 2018, 07:28:27 PM
 #25

most prominent advantages of bitcoin are:
it's highly appreciating value day by day is its getting higher.
it's tax free
it is the reliable and safe mode of payment than cash
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March 23, 2018, 12:16:20 PM
 #26

Well as what I have noticed there are lot of advantages of bitcoin, when we say transaction we can rely to bitcoin, because with the use only of gadgets and internet we can make a more faster transactions with somebody, bitcoin also are accepted to be a exchanged for a product and works it can be use also in paying bills online and buying load too, but for me the best advantage is that its limited supply that make the bitcoin more expensive due to its increasing demand.

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March 23, 2018, 12:25:07 PM
 #27

Added to what you have mentioned, bitcoin is anti-government which I consider to be an advantage for me. Not only was it created to facilitate, but also to fight corrupted government because many people do not trust their money to it. Moreover, bitcoin has helped many people financially, especially unemployed people. That is why I fairly am grateful to bitcoin and I am going to support it.

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March 23, 2018, 12:26:59 PM
 #28

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.

i agree, bitcoin is the easiest and fastest way to make money for people who want to earn an income lot, and very safety today to invest bitcoin
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March 23, 2018, 12:34:44 PM
 #29

I would agree onto this that there's a freedom for everything. Bitcoin teaches us how to be strong, independent on our dealing with financial way of living. The financial status that you can't afford in this way you'll figure out how to manage and explore the advantage of technology and how it affects us in the way life alters. During my stay here in bitcoin I realize some points that would considered as an advantages:
1. an easiest way of transacting bills (in or out);
2. easiest way on how to protract yourself to the innovation and advancement of money merging to digital world;
3. Affordable;
4. very welcoming for young generation

Smiley
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March 23, 2018, 12:40:08 PM
 #30

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.

the advantages of bitcoin is to simplify investment, get a lot of profit. and follow the progress of the times
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March 23, 2018, 01:01:04 PM
 #31

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.


For my opinion the advantages of bitcoin is a remarkable
Achievement and the ability to create something that is not duplicable
In the digital world and has enomous value.

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March 23, 2018, 01:17:17 PM
 #32

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.
Absolutely right mate, it's a very well said. There are many advantages pf bitcoin that can help people to reach what is their goal in life. There are physical breakthroughs such as in materially and financially. Bitcoin really helps people to achieve their dreams. Thanks to bitcoin.


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billtonz123
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March 23, 2018, 03:08:11 PM
 #33

well in my opinion about bitcoin :
1. User Anonymity
Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.
2.No Third-party Interruptions
One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.
3.Purchases Are Not Taxed
Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.
4.Very Low Transaction Fees
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.
5.Mobile Payments
Like with many online payment systems, Bitcoin users can pay for their coins anywhere they have Internet access. This means that purchasers never have to travel to a bank or a store to buy a product. However, unlike online payments made with U.S. bank accounts or credit cards, personal information is not necessary to complete any transaction.


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March 23, 2018, 03:18:47 PM
 #34

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.
the advatage of having bitcoin is when you havethis i am sure that you will become rich people in the future because based on my reasesarch the total supply of bitcoin is 21 millioon only and if it reached the demand will go high and we expect that the price will go high more and more and i think it will never decrease because if the value of bitcoin has reachead it is always pumping and pumping .
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March 23, 2018, 03:42:54 PM
 #35

there are either no fees, or very low fees within Bitcoin payments.

Bitcoin exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Bitcoin can be backed up and encrypted to ensure the safety of your money.

Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
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March 23, 2018, 04:08:46 PM
 #36

Bitcoin is a trusted digital currency. bitcoin has the following advantages:
1. The bitcoin market operates around the world. You can access bitcoin anywhere.
2. Bitcoin is highly secure, simple and fast.
3. Bitcoin is not under the control of any government.

Ismat Morshed
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March 23, 2018, 04:19:35 PM
 #37

The main advantages of bitcoin is investment.Invest btc get a lot of profit.Bitcoin helps many more people by earning money.Bitcoin also provides it's users a way to earn good amount of money.These are some advantages of Bitcoin which make it better than other cryptocurrencies.
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March 23, 2018, 04:28:55 PM
 #38

For me the biggest advantage of Bitcoin is saving in cost and time by using the power of decentralization to confirm the transaction instead of relying on the centralized authorities and waiting for their actions. Bitcoin is not just a payment tool but it is providing more benefits as compared to that of traditional payment system. Even though there are some issues on which we have to find concrete solution but I am optimistic about the future and I believe that we will have a very user friendly model in the coming time along with supportive market environment.

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March 23, 2018, 04:30:26 PM
 #39

The bitcoin advantages is gives chance to the people to invest, that gives good profit, people has a freedom to invest. We can use bitcoin for payments online that its fast. Bitcoin has no taxes, it cannot control by the government, and they don't control bitcoin.

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March 23, 2018, 04:33:03 PM
 #40

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.

You have actually limited the Bitcoins capabilities with your posting observation.

There is much more in Bitcoin then posting. Bitcoin is striving towards the implementation into country regulated economics and this current investment status that is depending on the fluctuations is just temporary happiness for the certain investors that are expecting to get rich in a long term.

I believe that the future will hold much more opportunities for the Bitcoin as such and that it will be used as a current with the stable value which it is striving for.

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