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Author Topic: The advantages of bitcoin  (Read 1894 times)
Lexurdania
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April 28, 2018, 12:31:11 AM
 #361

Clearly and absolutely,the biggest advantage of Bitcoin is the continuous increase on its market value for a long. The increase on its price boosts its popularity as well as the demsnd that it is having in the market. Also, the increase is what makes Bitcoin an interesting investment for the investors because profit is assured to be earned from investing into it. It is also what made Bitcoin a strong currency at this point.

Bitcoin price always increasing year by years and thats attracting people to investing on bitcoin. Beside that, in internet era where people always use internet for their purpose, bitcoin or cryptocurrency will dominant the transaction on the internet. Lower fee and fast transfer make people accepting bitcoin as internet currency

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April 28, 2018, 01:14:00 AM
 #362

One of the advantages of bitcoin that i do like is it's volatility where bitcoin's market price can spike drastically in just a few hours that would even last for days. It's the only characteristic it has that can give us big profit so that's why it's the advantage that i like the most.

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April 28, 2018, 02:47:59 AM
 #363

Lot of advantage of bitcoin ,firstly helps people who have no work and jobless.its a good platform of investment,every year its price increasing and people get interest to invest in bitcoin.bitcoin is a secure currencyand now its a great currency in the world.
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April 28, 2018, 06:19:11 AM
 #364

In my opinion, the biggest advantage of bitcoin its unstable cost and decentralization that can transact your currency or cryptocurrency almost anonymously. Also, bitcoin is a payment system that you can use to pay your bills, purchase some stuff you want. Despite the fact that there are a few issues on which we need to discover solid arrangement however I am idealistic about the future and I trust that we will have an extremely easy to use in the coming time alongside steady market condition.
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April 28, 2018, 06:57:20 AM
 #365

The advantages of bitcoin are you can transfer money easier and safety, it has the volatile price value so better to wait for the high price value in the market.  Bitcoin has the high value of coins among the rest.
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April 28, 2018, 09:29:31 AM
 #366

from extrinsic factor, I got many new friends and this time I feel very satisfied with the community that looks more pproduktif and competent in the field of crypto, active and massive network transactions able to bring profit though still micro. Bitcoin successfully performs its role as a decentralized currency with various transactional conveniences in it. So many people do not have to feel difficulty in learning it.

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April 28, 2018, 10:21:34 AM
 #367

I think you need to check the part that says very low fees. When bitcoin prices rise then it is not worth using bitcoin to buy anything cheap so not really an advantage

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April 28, 2018, 06:42:22 PM
 #368

The advantage of bitcoin is you can use it in your online transactions and payments as well as it is convertible to physical money. It is also the leading cryptocurrency that's is why it has the biggest exchange so far. It is also decentralized the reason why you have bigger opportunity to earn bigger profit.
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April 28, 2018, 07:08:46 PM
 #369

The first thing that comes to mind is the price, 1: 8000 $, it's not bad. But the main price is the speculation of the price at which many make money, and of course the spirit of adventure, no one knows what will happen in a year, but the risk likes the bold

I think Because it gives big advantage and change many lives like giving chance to the less fortunate. And that is the advantage of bitcoin for me.
Bitcoin itself is a boon to everyone who believes it.
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April 28, 2018, 07:57:25 PM
 #370

For me, there are a lot of advantages of bitcoin,can give financial stability which everyone needed most ,open an opportunity to those jobless people,it serves as another source of income and can reduce global problems.
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April 30, 2018, 06:34:37 AM
 #371

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.
I think decentralization is the big advantage if bitcoin because the government has no control over bitcoin and people can earn money without giving any sales or income tax. Other advantages are investment in bitcoin is more profitable than any other online or offline business and one advantage is that bitcoin is global currency and one can use his bitcoin anywhere in the world.
Spain2000
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April 30, 2018, 06:50:33 AM
 #372

Bitcoin is the modern era currency and it has many advantages like the freedom of payment and every one is free to send and receive payments while it has low fee for every transactions. In this currency the merchants can deal with out any risk and the funds can be transfer with a specified time period. while the security and control of bitcoin is more better than any other coin.

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April 30, 2018, 06:50:40 AM
 #373

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.Bitcoin is the trading standard of the industry. Most investors I know don’t look at the USD price of tokens, but look at the BTC price and gauge value that way. It is the universal standard of valuation. It is not a great platform or particularly easy to use.
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April 30, 2018, 08:14:05 AM
 #374

First of all, absence of a third party in the transfer of money and you can send as much money as you want on. Other than that, few fee than other money tranfer system's. And its more protectable.

Bitcoin is a virtual currency providing efficiency, transparency, and resilience. its ability to rise very high within a short span of time allowing its holders to gain huge profits by investing little money, there is no need for intermediaries in transactions such as banking. Many entrepreneurs will come to use virtual currency. Instead they bring money to money changer better using virtual currency. virtual currency also has the benefit of decentralization because it is spread across thousands of servers belonging to the miners. This causes the risk of data loss becomes minimal because there is a copy of data on other servers.
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April 30, 2018, 09:56:08 AM
 #375

For me I think the advantages of Bitcoin is because it is a digital currency so you don't need to carry much money in your pocket, you just need a digital devices that needed to use the Bitcoin and then you can buy anything you want with Bitcoin. And you can also use it for paying bills online.

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April 30, 2018, 10:43:56 AM
 #376

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 advantage of bitcoin is that bitcoin transaction between two individuals take place without any third party involvement. No one can control your money. No bank, no central authority or any government organization. Nothing can control it. It is totally decentralized money.Second bitcoin is it’s transfer, verification and generation everything is dependent on common public. Everyone can contribute in Bitcoin verification or generation.Third there's a lot of opportunity to those people are jobless  can earn more money.
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April 30, 2018, 10:50:52 AM
 #377

For me, there are a lot of advantages of bitcoin,can give financial stability which everyone needed most ,open an opportunity to those jobless people,it serves as another source of income and can reduce global problems.
It is more advantage if you have a lots of bitcoin it is because bitcoin has a higher money value than ordinary coins.

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April 30, 2018, 10:52:29 AM
 #378

Probably bitcoin has some advantages that start from the transaction no one knows and no one controls and from this bitcoin can also make other money by doing trade and mine, and bitcoin is the most perfect currency among other currencies.
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April 30, 2018, 11:03:17 AM
 #379

Bitcoin has many benefits. Bitcoin makes payment transactions fast and convenient. Whatever form of transaction, using Bitcoin is still faster than regular bank transfer.
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April 30, 2018, 11:05:19 AM
 #380

Bitcoin has advantages both as an investment tool and as a means of payment.
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. You can also use mobile payments - you can pay everywhere if you have Internet access.


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