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Author Topic: The advantages of bitcoin  (Read 1948 times)
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May 04, 2018, 02:44:12 PM
 #481

for me as one who uses bitcoin it help a lot on many ways it can be use in making money, you can do such things like investment and transactions.
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May 04, 2018, 02:46:44 PM
 #482

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 most interesting advantage of Bitcoin is its ability to increase its value to be higher, bitcoin gets value and becomes higher because many people buy bitcoin.

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May 04, 2018, 02:52:18 PM
 #483

Advantages of Bitcoin include the fact that the virtual currency is widely known and trusted in the world. There are now many organizations created to counter the growth of Bitcoin and virtual currencies. But Bitcoin cannot be defeated.

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May 04, 2018, 03:00:50 PM
 #484

Which I feel is a lot of benefits when using bitcoin, and that among other things can send money to various world faster, cheaper and certainly safer, I do not need to queue when in the bank and not to worry about the cost to send money to various country.

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May 04, 2018, 03:52:14 PM
 #485

There are various advantages of bitcoin than traditional currencies, bitcoins can be transferred from anywhere to any part of the world with a simple bitcoin wallet sender and the receiver, the transactions are transparent and clear and will be recorded in the public ledger block chain technology which can be viewed by all, there is only a small fees for each transaction compared to the traditional wire transfers. There is no paper work required and no third party involved in the transaction and the bitcoins users have complete control over their finances in the bitcoin network. Bitcoins always proves to be a good investment commodity as the price of bitcoins keeps on increasing every year which shows that it is an asset of store value.

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May 04, 2018, 05:07:39 PM
 #486

many people who do not like bitcoin primarily are people associated with the Bank, because bitcoin certainly reduces their income so they lose money and can also affect their stock market

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May 04, 2018, 05:11:31 PM
 #487

So,  after i see all of advantages for Bitcoin.
I am still scare this Crypto will used for Evil-Activity or Money Laundring?
Greedy governor will hide their money in Bitcoin and yah, I am curious how we fight against it?

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May 04, 2018, 06:07:00 PM
 #488

Advantages of Bitcoin include the fact that the virtual currency is widely known and trusted in the world. There are now many organizations created to counter the growth of Bitcoin and virtual currencies. But Bitcoin cannot be defeated.
they spread false news so bitcoin prices go down and they will buy as much as possible and sell it when the price is high.

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May 04, 2018, 06:08:51 PM
 #489

For me, the advantage of bitcoin right now is it can make the transation easier and faster due to no physical appearance of money needed. Also, many people considered it as a good investment so I can considered it also an advantage of bitcoin.

Its also has a volatile characteristic that adds more advantage to it, being flexible regardless of the time makes it more hard to predict and enjoyable to invest with.
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May 04, 2018, 08:06:52 PM
 #490

I believe Bitcoin's most prominent favorable position is having many individuals engaged with contributing and also getting high costs in the market, Bitcoin cash is currently justified regardless of the cash for speculators to contribute generally . in my nation Bitcoin as a croissant for the individuals who know the virtual cash and have understanding of speculation.

Yes, it is. Bitcoin has appeared to give everybody the opportunity to feel free from the pressure of the banks, to earn a lot (if you are ready to work hard for yourself), and to feel safe and protected.
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May 04, 2018, 08:20:23 PM
 #491

I'm not a big fan of bitcoins, but I need to pay tribute to him as a pioneer in the field of crypto-currency. It was Bitcoin that formed into a kind of symbol of the crypto-currency world, a recruiter attracting all new members to the multimillion army of crypto community. Many of the well-known currencies managed to achieve some success, but they continue to remain in the shadow of the glory of the first digital monetary unit.
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May 04, 2018, 11:15:22 PM
 #492

Which I feel is a lot of benefits when using bitcoin, and that among other things can send money to various world faster, cheaper and certainly safer, I do not need to queue when in the bank and not to worry about the cost to send money to various country.

True, payment transaction is the one advantage of bitcoin. Like what you said the fast transaction, in this kind of transaction they don't need to go anywhere to get money instead internet only is needed.

Aside from payment transaction, the advantage to other currency is the price that in just a moment you can earn huge profit.

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May 05, 2018, 04:17:28 AM
 #493

For me the advantages of bitcoins is that is earns you a lot of money and it is easier and safer to use on transactions. These two are a perfect combination for a good cryptocurrency.
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May 05, 2018, 06:02:06 AM
 #494

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 bitcoin has many advantages that can help people to make their life better. In bitcoin you can earn huge profits because it's value is extremely amazing, the bitcoin is decentralized so no one can control it or manipulate it.
There are so many advantages of the bitcoin and that you can only get to know about all the advantages which bitcoin can help you in having when you will be done with studying all the necessary information related to that of the bitcoin and the other crypto currencies. There can be no other thing which can be this much helpful to you as is bitcoin when it comes to that of the making of money.
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May 05, 2018, 06:38:44 AM
 #495

What I like about bitcoin excess is the cheap bitcoin transaction process. What do you say. Your credit card transaction also happens instantly? Yes, it is true. But your merchant (and maybe you) for that privilege. Some people charge for debit cards, because they have to pay 'friction money' to meet their demands. Bitcoin transaction costs are minimal, or in some cases free. Bitcoin transactions, however, are generally much faster.
Bitcoin is advantageous in all proportions and is the most helpful among all the crypto market as well as the whole global market products. People are now using the most frictionless system of transferring amount from one corner of the world to another corner of the world with in seconds, this process needs seconds to complete. This is the most advantageous system and is good for government too to take benefit and reduce the wastage of money and to boost their economies.
Bitcoin is full of all amazing features which had actually grown into the need of rich people. If we look at the reason behind its creation, we come to know the most amazing feature. Decentralization is the main idea which has saved millionaire from high taxes and charges. They also enjoy speed in transactions. Other than this, security and anonymity are also highly cherished. One can demand for nothing more.
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May 05, 2018, 07:58:30 AM
 #496

The main advantage of bitcoin is that no one can block your wallet and forbid you to buy what you want. Using proxies and different wallets, you can achieve 100% anonymity
If you have invested your money into the bitcoin and that you have some bitcoins placed in your wallet and that you have some good information and knowledge regarding the things related to the bitcoin and the crypto currencies and above all, you have some good patience level, then you will surely be able to earn as much amount of money as you want to because of bitcoin and that it will surely help you in getting richer.

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May 05, 2018, 08:03:25 AM
 #497

advantages of bitcoin are it makes the mode of payment easily sending money to others is instantly fast like sending text also no tax in every transaction such a small transaction fee also you can buy some stuffs by the use of bitcoin and you can earn lots of money by bitcoin.
Actually, there are many advantages of bitcoin like you can able to use it in some mode of payment. In addition to that, the biggest advantages of bitcoin is in investment and we all know that it is good investment where you can assure that you could make huge amount of income and money. Lastly, bitcoin really help us to make and earn a lots of money.

 
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May 05, 2018, 08:18:58 AM
 #498

Bitcoin has many advantages such as in fast transaction, low cost and transaction at all times. But there are many disadvantages such as the price of BTC fluctuations too high. can increase the $ 1000 in just a few hours. So it's very dangerous to keep and keep the hackers from stealing our account.
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May 05, 2018, 08:19:56 AM
 #499

Your giving tips was so helpful ,but i have some advantages like bitcoin was using blockchain and thats was so very good,bitcoin has fast transaction,we can use it any anywhere we are,also bitcoin can be your alternative banks.
No matter how hard we plead to have more supply of bitcoin, this is not going to happen. Nobody is going to grant our innocent wish. But that is good too. If this happens, there are high chances of bitcoin losing its present fame and more than that, it may also not grow as much as it does now. Besides, anyone who really wants to invest in it has the chance to do so. I am happy with present situation.
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May 05, 2018, 08:50:57 AM
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Bitcoin is reach the all country people. So it good for future growth using. people will be  learn more information from  bitcoin. It any time to use and any where to use. Most of the people gather more information in the market place. It digital currency so it easy to use. But before use the bitcoin you know the all process. It connect the all country business. So  it help to easy way to improve the future business and improve the people future. If people will be improve country will be improve.
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