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Author Topic: The advantages of bitcoin  (Read 1894 times)
Blupass
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April 22, 2018, 02:18:04 AM
 #241

The most important aspect of bitcoin is that it is an excellent store of value. It has the advantages of gold because it is hard to mine and there is a limited diminishing supply.
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JPablo
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April 22, 2018, 03:46:37 AM
 #242

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 as I noticed especially to our country was no taxed then the movement was great in terms if you wanted to invest which a big chance to double our investment.

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April 22, 2018, 03:54:11 AM
 #243

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. 
yes, it is a great benefit that many also feel the crowds. and many other great benefits without us knowing it. as people will learn more about something they do not know because crypto many types of businesses and information on offer.
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April 22, 2018, 03:57:57 AM
 #244

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 afvamtages of the bitcoins are their being volatile because that is the thing that makes them a great investment and that is the feature that makes the peoplw like them very much even if there are falling it is an opportunity for us to buy and when they rise again that is the time to sell and it is like a pattern and you just gotta have some patience. And them being decentralized is the second thing that the people loved because they now have ghe ffeedom in their own money. No taxes and government involved at all
KingFisher9
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April 22, 2018, 05:34:35 AM
 #245

The most advantage of bitcoin that I have discovered is the non-discriminative part of it bitcoin provide equality and the is limit to it acceptability. We have seeing how one from every countries can do business transactions without problems.  Bitcoin is decentralized and that is a system the world need to move from were it is now to were it ought to be in development.
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April 23, 2018, 04:56:16 PM
 #246

There will be complete eradication of economic distinguish. Since there will be a single currency across whole world
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April 23, 2018, 05:02:53 PM
 #247

Maybe bitcoin has some advantages, but only a few that I know as no one controls when we transact and again from bitcoin we can get income as well, bitcoin not only currency but also can be used as income.

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April 23, 2018, 05:29:33 PM
 #248

Fewer risks for merchants.bitcoin transactions are secure,irreversible and does not contain any customers sensitive or personal information.this protects merchants from losses caused by fraud or fraudulent chargebacks.

But the transactions being irreversible is a headache for the buyer. After making the payment, if the seller does not deliver anything or gives a bad service, you will be helpless in case of a bitcoin payment. There are options like escrow but it is impractical for small transactions because of fees.

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April 23, 2018, 06:09:43 PM
 #249

Bitcoin is a virtual currency, where people can trade through electronic devices like computers. Bitcoin as a counter-impervious exchange tool, able to act as a global currency, as a protector of inflation, and is an inconvenient savings.

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April 23, 2018, 06:22:22 PM
 #250

There are a lot of it actually. One for me which is the best is that whenever you have more bitcoin earned, there is a bigger opportunity for this to grow and grow as time goes by since its price is not stable.
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April 23, 2018, 09:11:05 PM
 #251

Hassle free transaction, easy to use and totally depends upon you how you control it. Its just a mere stock of your hand
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April 24, 2018, 07:17:23 AM
 #252

Bitcoin has many benefits. Since bitcoin was born to meet many human needs. They do not need to bring some big cash to travel or pay for their services. Bitcoin transaction fee is very low. This further stimulates many users of bitcoin.

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April 24, 2018, 12:19:18 PM
 #253

All currencies even the most stable ones of the developed countires lose their value with time. But BTC only grows so far. This is its main advantage.
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April 24, 2018, 12:35:25 PM
 #254

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.
Advantage happen in bitcoin the transactions are good no hastle and when it comes to payment system it is the easiest way  to do.More business people are been using it for their safetines.
It is also easy to get high unlike other coins.We should be wise when using bitcoin.
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April 24, 2018, 12:43:09 PM
 #255

Well bitcoin helped many people, by its ability to empower an individual.
In addition, it has a peer to peer system, any amount of money can be paid and received instantly and anywhere.
Also, banks have holidays, a reason to make a transaction inactive.
There is no track or records made, and it is decentralized.
Bitcoin allows its users to completely control their money.

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April 24, 2018, 01:14:55 PM
 #256

Biggest advantages of bitcoin are:
1. Bitcoin can be access in other countries, it is digital currency means their is no paper work. All you need to do is to have a btc wallet and you will be able to send and receive btc.

2. The other good in bitcoin is it's highly appreciating value day by day is its getting higher.

3. Financial freedom in because bitcoin is a decentralized currency means their is no administrator to control it.

"Highly appreciating value everyday.."-That's thing really make me mad, bitcoin is not a financial instrument of making money, it's a currency, no one can promise you that the price of bitcoin will go up at the long run, it's you to invest and believe in it, and nothing prevents from another coin to come out and to rule over bitcoin.
The biggest problem about bitcoin that most of it's users are speculators, so if the price goes down and there is no action for a while, then you will see the usage of bitcoin goes dramatically down because the speculators won't be interested in the currency any more.


Well we can't avoid their speculation since everyone of us using bitcoin to have a profit that's why we can't avoid this kind of mindset. As far as I know it is the number one benefit of bitcoin to give income to people and other than that we can also use bitcoin as a means of our payment.

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April 24, 2018, 01:29:54 PM
 #257

I think the advantage of bitcoin is that it is now very popular in the internet ,and now bitcoin is slowly been recognize and acccepted by some establishment and banks and it is been use in the digital world as transactions and medium of exchange and bitcoin is also at the same time our investment.

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April 24, 2018, 02:51:34 PM
 #258

Anyone at anytime can verify transactions in the Bitcoin block chain.
Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
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April 24, 2018, 03:09:05 PM
 #259

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.

One of the main advantage of bitcoin for me is that it gives those people who doesn't have any jobs a s long they are hardworking and very good in strategy a earnings. Those people who doesn't have any permanent jobs that here in bitcoin are actually the lucky one because in just very simple way they can earn double money that can earn by a office person. But of course, you need to have enough knowledge here in bitcoin.
Most members enter bitcoin forum inorder to have knowledge on bitcoin and the advantages of having this new form of currency that can be able to use on just using cellphones and for fast and easy transactions that merchants and holders have some quick and easy ways of payments.It also helps everyone in this community to level up their way of living.
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April 24, 2018, 03:19:49 PM
 #260

All currencies even the most stable ones of the developed countires lose their value with time. But BTC only grows so far. This is its main advantage.
bitcoin also helps in everyday life and provides additional income in the economy for bitcoin workers.
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