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Author Topic: The advantages of bitcoin  (Read 1894 times)
Advicerabi
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May 06, 2018, 01:55:30 AM
 #521

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. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
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May 06, 2018, 02:02:44 AM
 #522

For me, the major advantage that bitcoin can give us is the its market price as time goes buy. Bitcoin is a long term currency that needs to be kept in your digital wallet for a long term plan. Just think of the days when bitcoin was launched and how its price goes high today.

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May 06, 2018, 02:07:08 AM
 #523

our advantage has bitcoin for us very well us with greater profits and easy to use because for us bitcoin is easy to use and not bound in time, so for us it is very profitable with the existence of bitcoin in our country by helping to gain profit faster.
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May 06, 2018, 03:55:27 AM
 #524

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.
For me there are lots of opportunity of bitcoins that can really helps people earn more money and support their financial needs. These is the best advantage of bitcoins, this coin offers lot of opportunities that can helps people out of debts. One thing is bitcoin is very easy to transacts easy to send and receive quickly in our wallet. Easy to use also as payments on our online purchases and our monthly bills.
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May 06, 2018, 04:22:25 AM
 #525

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. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
Yes it is true, many benefits we can get if you have bitcoin, we can transfer money anytime and with very low cost, of course transfer money with bitcoin faster and safer so we do not need to worry and do not have to queue like in banks.

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May 06, 2018, 04:33:14 AM
 #526

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. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
Yes it is true, many benefits we can get if you have bitcoin, we can transfer money anytime and with very low cost, of course transfer money with bitcoin faster and safer so we do not need to worry and do not have to queue like in banks.


Aside from bitcoin's greatest benefit which is its high valued price in the market, it also offers equal opportunity to all in earning money from it. No educational attainment needed as long as you are willing to work and invest to it. Another thing is that, it can be used to pay online transactions though only selected establishments and in some countries also.
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May 06, 2018, 04:55:47 AM
 #527

Yes, earning bitcoin is the best and most people accept Bitcoin because it has given the source of earning money. Bitcoin helps many people with money. There is a lot less money in the transaction.
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May 06, 2018, 05:29:07 AM
 #528

Bitcoin has many advantages. Then in between bitcoin can be easily traded online, paper-form is not needed. Bitcoin is a digital coin. This currency has the value.
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May 06, 2018, 08:17:11 AM
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 #529

Bitcoin brings us an excellent virtual currency market, I'm a beginner investor but have a pretty good understanding of virtual currency rumours, many think Bitcoin's development is enormous compared to The market economy should have asked the government to stop Bitcoin from developing.

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May 06, 2018, 03:22:00 PM
 #530

the advantage of bitcoin for me is that there is no tax payable, because bitcoin is no tax, so we have the freedom to earn a lot of money, and we control our money with bitcoin.and also no Central authority figure in the Bitcoin network .

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May 06, 2018, 03:47:44 PM
 #531

Bitcoin is the best thing that mankind has invented over the last 2000 years. With the help of bitcoin, a huge jump in the development of civilization is possible
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May 06, 2018, 03:48:57 PM
 #532

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, bitcoin can be used as a secure means of payment, bitcoin can also be used for investment and it can help me in changing the economy better.

sulendra12
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May 06, 2018, 03:52:22 PM
 #533

Bitcoin has many advantages. Then in between bitcoin can be easily traded online, paper-form is not needed. Bitcoin is a digital coin. This currency has the value.
Yes, you don't need to bring physical money everywhere to use this Bitcoin and you can use it anywhere as long as they support this type of payment method. However, not all of merchants in here accept this payment anyway. Online store would be a choice.

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May 07, 2018, 11:15:33 AM
 #534

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.
These two and many other advantages are to be counted. But for me, advantage of bitcoins are totally different. And that is bitcoins being the source of income for us. We are continuously earning from bitcoins since last year and making our lives better. I don’t see such an enormous advantage of bitcoins over other sources of money existing in this world right now and they are best.
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May 07, 2018, 01:32:39 PM
 #535

When the founder of the ICO their main purpose is to make quick transactions, reduce costs and procedures. But now there are not a lot of people who think about the benefits of BTC's daily activities in life. They only buy and hold BTC for speculation purposes. So I do not think that BTC is increasingly accepted in the payment world.
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May 08, 2018, 05:45:03 AM
 #536

Bitcoin hiding many advantages, my favorite are free transactions all over the world, no taxes, no banks. I can't trust to my governmnent anymore unfortunatly but i can use bitcoin. Grin
Because Bitcoin has given you all you need so why you will want to use and trust Government any more as the government is taking tax and that is called huge tax system which has been struck off by Bitcoin. Bitcoin has given you the right to handle your money and transaction fee is negligible. We are adopting the currency which is in our good and that is the only Bitcoin which is favorable to us.

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May 08, 2018, 05:47:57 AM
 #537

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 is good for long term investment, the prices of cryptocurrency is growing in the market so investing a huge amount today will make you rich in the future, you only need to be patient in order to get profit.
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May 08, 2018, 06:16:13 AM
 #538


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.


i guess "Very Low Fees" is not the right word bro  . because fees are Directly proportional as the Price of Bitcoin rise.
and the Rate of  Dollar per bitcoin is not Stable you can't say the word very  low fees because we pay the Fees Via Bitcoin .
and As the Bitcoin go Pump the Fee will increase not because of Dollar Per bitcoin , it is because of the Over Pump of Bitcoin price .
and sometimes the Fee will not be less if the Price of Bitcoin Drops.
it is  just my observation on  Bitcoin trading .

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May 08, 2018, 06:25:21 AM
 #539

For me, the major advantage that bitcoin can give us is the its market price as time goes buy. Bitcoin is a long term currency that needs to be kept in your digital wallet for a long term plan. Just think of the days when bitcoin was launched and how its price goes high today.
I think the advantages of bitcoin is one of them can be used as an investment tool that has the potential to have high profits. But behind all that, investing in bitcoin has a very high risk, but as long as we can handle it, I think it need not worry.
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May 08, 2018, 07:05:41 AM
 #540

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.



I think the biggest problem about bitcoin is that most of the users are speculators, so if the price goes down and there's no action for a while, then you'll see the use of bitcoin running down dramatically because speculators will not be interested in the currency anymore.
"It really makes me mad, bitcoin is not a financial tool to make money, it's a currency, nobody can promise you that bitcoin prices will go up in the long run, it's you to invest and believe it, and nothing gets in the way of other coins to get out and master bitcoin.
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