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Author Topic: The advantages of bitcoin  (Read 1894 times)
umwalt
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April 24, 2018, 03:22:22 PM
 #261

Currently there are either no fees, or very low fees within Bitcoin payments.
With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
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Asuspawer09
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April 24, 2018, 03:27:53 PM
 #262

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.
There are several advantages of bitcoin. It is an investment where you can put your money into and wait to get some profit, the higher the value of bitcoin the higher the profit you will get. It is convenient to use becayse you can use it anytime and anywhere you want, if your run out of cash.

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April 24, 2018, 03:54:16 PM
 #263

Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.
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April 24, 2018, 04:00:43 PM
 #264

This is all good, but as practice shows, there are many problems. The main one is the number of people, the network simply can not support such a large number of transactions.

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April 24, 2018, 04:20:01 PM
 #265

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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April 24, 2018, 04:29:57 PM
 #266

Well bitcoin has already gain so much popularity to investors. Considering how high is its market value has achieved no wonder many people will engaged it.
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April 24, 2018, 04:32:25 PM
 #267

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time. You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
insikko0413
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April 24, 2018, 04:51:50 PM
 #268

there are many advantages of bitcoin. It is an investment where you can put your money into and wait to get some profit, the higher the value of bitcoin the higher the profit you will get. It is convenient to use becayse you can use it anytime and anywhere you want, if your run out of cash.
Bitcoin is very advantageous to many people it helps a lot of people arrount the world away from poverty.
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April 24, 2018, 05:05:09 PM
 #269

Excess bitcoin that I feel is able to change the financial affairs in my life. Maybe in kalo in terms of economic excess bitcoin is having a price and selling value is high enough. Assets that can be invested in a long time.
ahmedbrown
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April 24, 2018, 05:16:27 PM
 #270

Another advantages of using Bitcoin are:

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.

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.


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April 24, 2018, 06:02:48 PM
 #271

there are many advantages of bitcoin. It is an investment where you can put your money into and wait to get some profit, the higher the value of bitcoin the higher the profit you will get. It is convenient to use becayse you can use it anytime and anywhere you want, if your run out of cash.
Bitcoin is very advantageous to many people it helps a lot of people arrount the world away from poverty.


     You have a point. Bitcoins really are very convenient and helps a lot to the unemployed people or for the ones that are looking for part time jobs and side jobs because it does not require anyone a degree, race, religion and so much more. All that a person needs is to understand this industry and a hard working attitude. Although it cannot eliminate poverty completely, it can surely help to lessen it.

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TraiKH
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April 24, 2018, 06:11:05 PM
 #272

The strength of bitcoin is that it is possible to concretize profitability with high volatility from the popularity or pumping processes of nature. 10 years of history and development, bitcoin proved with his position by the power can change the lives and future of the people.
Tomborneque_1102
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April 24, 2018, 06:11:14 PM
 #273

here are some advantages of Bitcoin that I know of.
-It can help unemployed people, even the students. because joining Bitcoin does not require any educational attainment.
- you can work from home or anywhere else. just make sure you have Internet.
- another way of investing Money.
-a faster transaction with a lower fee.

That's all that I know of.
blodelf1
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April 24, 2018, 06:31:46 PM
 #274

I think, with the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.Your public address is what is visible; however, your personal information is not tied to this.
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April 24, 2018, 08:36:28 PM
 #275

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.
Conveniently is also one of the advantages of bitcoin where there is a better queue process with bitcoin than the traditional one which is making a line where most of the people waste their timr. So instead of waiting in a queues you can do transaction even in right in front of your desks.

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ngano ba
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April 24, 2018, 09:04:54 PM
 #276

The advantage of bitcoin is that it can be use and transacted in the internet , if there is a signal in that place ,  bitcoin can be use and it is known as the top crypto in the world coin index and has establish a good position  in business and mode of payments and exchanges that are the advantages of bitcoin in the digital market.
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April 24, 2018, 09:59:54 PM
 #277

There are many advantages of bitcoin already stated above. For me bitcoin is easy to access and it is a universal curenccy because it is decentralized and peer to peer. Bitcoin is a universal curenccy because it is used all over the world without the bank and government.
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April 24, 2018, 11:10:33 PM
 #278

The advantage of bitcoin is that it can be use and transacted in the internet , if there is a signal in that place ,  bitcoin can be use and it is known as the top crypto in the world coin index and has establish a good position  in business and mode of payments and exchanges that are the advantages of bitcoin in the digital market.
Bitcoin have many advantages to many people who are jobless.Bitcoin can be a good source of income.Even if your at home you can still support your family on financial aspects.If you can manage well student can do both study and bitcoin.It can also transact money or transer money without hassle.
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April 25, 2018, 02:37:17 AM
 #279

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 25, 2018, 02:47:58 AM
 #280

Allowing users to be in control of their transactions help keep Bitcoin safe for the network. Merchants cannot charge extra fees on anything without being noticed.
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