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Author Topic: The advantages of bitcoin  (Read 1863 times)
BitcoinPanther
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April 25, 2018, 02:52:52 AM
 #281

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 nice of you to note these advantages that makes it easy for someone fairly new to easily choose bitcoin.

With the above reasons, it would be safe to say that bitcoin's foothold is set to be stronger in the near future.

Yet of course, as with any other currency, bitcoin has it's own down side too (especially it's volatility).

But if one considers bitcoin to be a payment system, then it's all thumbs up for them, bitcoin rules over traditional payment methods.




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April 25, 2018, 03:13:04 AM
 #282

Advantages of bitcoin are we can use it as payment for bills using cellphone or tablet and internet. Transfering of money person to person with less charge and no one know your transaction, it's secured because you have your personal access and protected by a strong password. No holiday on transferring money, we can transact anytime. only our self will control all transaction, no bank, government can interrupt the transaction.
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April 25, 2018, 04:06:20 AM
 #283

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 quote. Many advantages of bitcoin. The bitcoin is Freedom of payment, Very low fees, secure and control. thats I like.
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April 25, 2018, 06:34:17 AM
 #284

Excess bitcoin is very much. In fact, I hardly see a deficiency in Bitcoin because the surplus is able to cover all the deficiencies of Bitcoin. But the thing that I like most from Bitcoin is that I can work again and even this is better than my previous job. The work at Bitcoin is more convenient and we can be free to do it. If cultivated constantly, the results of Bitcoin can be higher than the work in the real world.
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April 25, 2018, 09:38:25 AM
 #285

we will have a chance to make if we use bitcoin. By holding bitcoin, our balance will become bigger in the future because we always know that the price of bitcoin continues to increase over year and year. Moreover, using bitcoin will make us understand more the blockchain

if you can keep it for several years that you will surely be able to make a lot of profit. Bitcoin is a digital currency that, of course, makes a lot of the advantages made from digital currencies such as bitcoin, there are many advantages
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April 25, 2018, 11:09:25 AM
 #286

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.

Appreciated well defined,There are number of advantages of Bitcoin but i contribute from my side concisely.Bitcoin is global currency if you travel there no need to exchange the currency,Bitcoin it self own bank no need of third party to make transactions.
You can trace your transaction by using medium of blockchain which make sure that another party received successfully or not.So more amendments expected in future and hopefully Bitcoin will made our life more easier.

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April 25, 2018, 11:23:27 AM
 #287

I think the advantage of bitcoin is you earn money in easy way and this is the first cryptocurrency  . You learned about where we are investing in ..  bitcoin helps a lot to people who need money .
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April 25, 2018, 11:37:33 AM
 #288

All above mentioned are all true. In fact, they are the solid advantages of Bitcoin. What I like most about Bitcoin is the pure anonymity and decentralized. Meaning to say, no individual, entity, or even the government will ever have control of your bitcoins. They cannot freeze your account or trace your identity. This is what most of us want, freedom of our wealth.
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April 25, 2018, 11:38:40 AM
 #289

I think bitcoin has a lot of advantages, with bitcoin you can use it to send money for long distance between countries without the need to use very expensive shipping costs and of course very fast process.
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April 25, 2018, 12:18:22 PM
 #290

honestly very much the advantage when you have bitcoin, one of them with bitcoin trading in altcoin you can grow the assets you have so you can become rich from trading profits.
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April 25, 2018, 12:31:31 PM
 #291

honestly very much the advantage when you have bitcoin, one of them with bitcoin trading in altcoin you can grow the assets you have so you can become rich from trading profits.
Bitcoin has incredibly low transaction fees – in fact sometimes they are even free.Timing is also important, a cheque can take ages, a money transfer across borders too can take a long time too, but Bitcoin can generally be confirmed within ten minutes.
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April 25, 2018, 03:13:39 PM
 #292

There are lot of advantages that Bitcoin has actually, one of this are its decentralization none of the government cannot control it, then the volatility it has, due to through this you can earn or produce money in doing trade in Bitcoin, then you send anywhere in the world in any currency then you can save bitcoin more than a bank.



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April 25, 2018, 03:51:53 PM
 #293

Bitcoin is the first crypto currency originated in the year 2009.It has the specific characteristics which are useful to the human being to their daily life. It is a decentralized one so there is not any government control over it, and maintains the anonymity. All transactions are recorded in an electronic ledger with block chain technology. By knowing  the properties of bitcoin more people are attracted to it for the day trading and investment .It can be usable for the domestic service bill payment and local shopping and for the international shopping as well .Also bitcoin can eradicate the unemployment problems of the educated mass in the world.
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April 25, 2018, 04:49:39 PM
 #294

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 has many advantages in many ways. Apart from being a safe transaction, bitcoin is an easy way to make a profit, and from the benefits I get from bitcoin I can use to help my family's economy.
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April 25, 2018, 04:58:46 PM
 #295

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.
Aside from all of that, bitcoin has a lot more in plate for us. We may see it as a simple currency but the real thing is that it can change the whole world in the future. Convience, employment and innovation, all of that can be experienced with the help of bitcoin. If there are some people who are close to your heart right now that is clueless about bitcoin, you should tell them to use and invest on it as soon as you can for their own good.

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April 25, 2018, 05:00:50 PM
 #296

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've been using bitcoin a lot lately because I can see its potential on making me rich someday. The ease of transactions too attracted me to go give it a try wherein you can transact anywhere anytime as long as you have a good internet connection. Many people has already experience success because of bitcoin and if you want to be one of them also, you should start buying and investing now or else you'll regret it.

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April 25, 2018, 05:17:03 PM
 #297

For me, one of the most obvious advantages of bitcoin is that it can give a freedom of self-employment, and you are not forced to go on a job

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April 25, 2018, 05:44:20 PM
 #298

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.

Well defined, Bitcoin has plenty of benefits, Bitcoin reduces our unemployment rate and when we are sending remittances to remote areas, it is a cheap bill compared to normal transit bill.Here you can hide your identity and deal with it.Hope Bitcoin will make our lives more easier.
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April 25, 2018, 06:27:48 PM
 #299

I like transparent bitcoin excess, bitcoin helps us to be effective and efficient in the transaction. We can make transactions of our coins with anyone we do not know and with anyone who is far away from us quickly and easily. With its transparent system, we do not have to be afraid to get scammed. Although here we do not need the identity of the second party but all that is here believe that the transaction we do will be safe, because bitcoin is equipped with decentralized security. But to note here is that we must be really careful if will make money transfer, make sure the wallet is correct because if wrong, we will not be able to pull our coins back.
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April 25, 2018, 07:02:12 PM
 #300

 I see the potential of bitcoin. I see its advantages over fiat currency. It's the best of all the digital coins. It's decentralized. And there is really a future for bitcoin. More and more people are being aware of this. Bitcoin can be used as a tool for the future, or for the tool of transcation. The use of bitcoin can build it into valuable goods and asset capital to create new business with large capital. We found bitcoin as asecure and easy for use. Faster transaction is being delivered by bitcoin. And there are lots of benefits for using this so a lot of people is engaging to use bitcoin. In a few year's time, we will become more popular. Bitcoin is all the best.
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