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Author Topic: The advantages of bitcoin  (Read 1948 times)
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March 25, 2018, 09:32:10 AM
 #81

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.
Absolutely right mate, it's a very well said. There are many advantages pf bitcoin that can help people to reach what is their goal in life. There are physical breakthroughs such as in materially and financially. Bitcoin really helps people to achieve their dreams. Thanks to bitcoin.

Yeah bitcoin is multi talented currency it make people rich so with the help of bitcoin many people have achieved the goal of their life, today people are employed only because of bitcoin, I my country many people are getting fast profit from bitcoin because bitcoin investment is the world most larger investment and most famous currency which is increasing the way of profit and getting fast profit for the investors now, today if you buy a few bitcoin, you will be able to sell all your bitcoin with huge increase may be 99% of increasing price from your investment.

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March 25, 2018, 09:58:20 AM
 #82

This most advantage of bitcoin that I have noticed is nor-discrimination part of it bitcoin provide equality and the is limit to it acceptability. We have seeing how one from every countries can do business transactions without problems.  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.
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March 25, 2018, 10:28:27 AM
 #83

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 is so many advantages of bitcoin. I will give you some, the biggest advantage of bitcoin in other money is bitcoin is a tax free. Yes! It is a tax free if you use it in payment, trading or investing. And bitcoin is a crypto currency so that whatever, whenever, and wherever you are you can use bitcoin anytime. 
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March 25, 2018, 10:33:06 AM
 #84

The advantage of bitcoin is: 1) accessibility from different parts of the world.
2) financial independence - decentralization and lack of control bitcoin
3) the possibility of additional earnings
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March 25, 2018, 10:40:38 AM
 #85

agree with it, with a freedom of payment
with this technology right now, we are sure for every local market can reach more wider
it realy nice for economic boom, and for any develompent country
and also people can being a little more safety with fast and transparent transaction

There is no freedom payment yet. Bitcoin is not even a legal payment in many countries. we can only cash bitcoin in a few available market in certain countries. technically, bitcoin is still a commodity, not a currency, except in Japan and US. Bitcoin is not more safety because it still has a threat from hacking thieves and no legal supervision.

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March 25, 2018, 08:47:08 PM
 #86

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.
Absolutely right mate, it's a very well said. There are many advantages pf bitcoin that can help people to reach what is their goal in life. There are physical breakthroughs such as in materially and financially. Bitcoin really helps people to achieve their dreams. Thanks to bitcoin.

Yeah bitcoin is multi talented currency it make people rich so with the help of bitcoin many people have achieved the goal of their life, today people are employed only because of bitcoin, I my country many people are getting fast profit from bitcoin because bitcoin investment is the world most larger investment and most famous currency which is increasing the way of profit and getting fast profit for the investors now, today if you buy a few bitcoin, you will be able to sell all your bitcoin with huge increase may be 99% of increasing price from your investment.
The main reason why people get attracted towards bitcoin is not anonymity or security, for most of investors it is the amount of profit they can make out of bitcoin. if someone buys one bitcoin today and hold it until 1st Jan of 2019, he would be already making a profit of 20k dollars in the least and holding the same bitcoin by 2020 means earning 80k dollars. The longer someone holds bitcoin, the greater is the profit earned. Truly amazing currency!

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March 25, 2018, 09:36:55 PM
 #87

The advantages that Bitcoin offers are already in other emerging alt coins. They even have better features in actuality. The only real advantage that Bitcoin has is its popularity since it is the first go-to coin for people who want to start with crypto.
The advantages of bitcoin as my observation are
1.The ultimate higher of value price
2.Making rich to everyone
3.No taxes
4.Volatile movement
5.Not risky to invest for my own thoughts


yes i agree with you. there are some advantages of Bitcoin. bitcoin is the easiest and fastest way to earn money for people who are unemployed and want to earn an income. Transactions through Bitcoin are very easy and quick to Invest in Bitcoin. Not risky is my  reason to do it.
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March 25, 2018, 09:41:29 PM
 #88

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.Firstly it is the easiest and fastest way to earn money for the people who are jobless and want to earn some income.Signature campaigns are an easy way to earn Bitcoins.The transactions through Bitcoin are very easy and fast.Investing in Bitcoin is a very good profitable deed as it gives huge amount of Bitcoins in a short period of time.You can store any amount of Bitcoin in your Bitcoin wallet.In today's world Bitcoin is being used as the mode of transaction too as people are accepting bitcoin.

Why are some people only think on the earning they can get through Bitcoin? They are not looking on the technology which Bitcoin had to offer, yet they think Bitcoin is just an investment which give a decent amount of profit. If think of it that way then time will come that Bitcoin will only be a means of monetary investment without knowing what is could offer to the public.

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March 25, 2018, 09:59:23 PM
 #89

Other crypto coin has also the same feature as what have stated. Most coins are well patterned on how tge bitcoin system work, I woyld say that the only difference is that, Bitcoin habe already gained trust and demand from the people. It is now well established because it one of the very first coin that was made. Other than the demand is popularity that it is gaining. The advertisements are all over available in the internet.
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March 26, 2018, 06:18:36 AM
 #90

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 good advanrage of bitcoin is that it is different from banks and do not hold by any government or people. Bitcoin is decentralized which means nothing leads about it. And one of the good thing in bitcoin is that it gives people the earnings they deserve based on what they worked on. Bitcon serves as the income generator of many people nowadays because they find that earning here in bitcoin is very good than in office jobs.
There are so many advantages which bitcoin has but the best thing which I like about bitcoin is that it is decentralize in nature and that it is one of the best possible ways of investing your money and that it can really help you in making of a huge amount of money as well if you keep doing things in the best possible manner. All of your dream can surely be turned out into reality but for that you need to work harder.
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March 26, 2018, 09:37:48 AM
 #91

Some of the advantage of Bitcoin is not only it is quick and cheap. The value of it is appreciating. All we have to do is to keep it our wallet. Hold it. We can take advantage of it as time pass by. Then sell as you set the targeted amount of price that you want to sell your Bitcoin.

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March 26, 2018, 09:44:25 AM
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The main advantages of bitcoin is transactions are completely anonymous and private.
Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.
A person can only know the addresses of bitcoins on which the payment has been sent and received.
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March 26, 2018, 10:07:35 AM
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There are many advantages of bitcoin in blockchain technology like easy paying our bills, bitcoin convert to fiat, every transaction online. It's so easy and fastest to earn money from with it, you will become rich if you know how it works and have a skills, experience.
Most industries can benefit the blockchain and it's not necessarily that bitcoin will be useful to everything.
But, people who invested this will not allow for bitcoin to be useless so they will continue to support it and educate people that it was
bitcoin who introduce the blockchain and it's just right to also patronize bitcoin.

Yeah first time I saw someone talking about the actual thing thats blockchain! I mean it is what makes it worth working and its kind of stage on which the bitcoin evolves. However many times we mislead that bitcoin will bring revolution, bitcoin will make this contribution and that contribution but they forget that its not about that really, its about the blockchain that will revolutionise this industry. People can actually use this tech to modify stuff and make new developments based on it. I know bitcoin is helping through different ways like payment processor, decentralised wallets, freedom to transact, anonymous nature and all the stuff. But we should ask ourselves, from where this all coming? Its all about the blockchain guys.  Cheesy
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March 26, 2018, 10:09:58 AM
 #94

The main advantages of bitcoin is transactions are completely anonymous and private.
Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.
A person can only know the addresses of bitcoins on which the payment has been sent and received.





Bitcoin is have a big advantage because its very helpful in every unemployed because we can get a money even the person is at home even you are investors or you have account in bitcointalk you can get a money.like me i am employer and i can get a extra money by posting in bitcointalk and investing a bitcoin so that i have a big thankful in crptocurrency.

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March 26, 2018, 11:16:12 AM
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One advantages that i like in bitcoin is No Paperwork.Anyone, from any country, of any age can accept Bitcoins within minutes.  There is no ID card, passport or proof of address that all conventional banks required to open an account.  All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.
You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.

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March 26, 2018, 12:04:19 PM
 #96

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.
Absolutely right mate, it's a very well said. There are many advantages pf bitcoin that can help people to reach what is their goal in life. There are physical breakthroughs such as in materially and financially. Bitcoin really helps people to achieve their dreams. Thanks to bitcoin.

There must be so many advantages related to different aspects of bitcoins. And surely different people take different aspects as the advantages for bitcoins. But for me, there is one basic advantage and that is big profit ratios for the bitcoins. They are giving us maximum chances to service our life styles. We are fully awarded with opportunities that can be used to raise our financial positions.
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March 26, 2018, 12:19:24 PM
 #97

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.

Definitely all you have mentions are the advantages of using bitcoins. Most of the people uses bitcoin because of  it's features and it can give us extra money to fulfill our daily needs in our family. And also anyone from any country, of any age can accept Bitcoins within minutes.  There is no ID card, passport or proof of address that all conventional banks required to open an account.  All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.
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March 26, 2018, 01:12:24 PM
 #98

Now the transcation fee of bitcoin is reduced to half of the old transcation fees..The control of bitcoin transcation is only on the bitcoin user till now.
Until you had send to correct bitcoin address,it can't be transfer from your account.No one can stole the bitcoin from your wallet.You have to make a security setup to the bitcoin wallet.The ultimate advantage of bitcoin is decentralized concept.No one can control the price of bitcoin.
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March 26, 2018, 01:31:14 PM
 #99

Now the transcation fee of bitcoin is reduced to half of the old transcation fees..The control of bitcoin transcation is only on the bitcoin user till now.
Until you had send to correct bitcoin address,it can't be transfer from your account.No one can stole the bitcoin from your wallet.You have to make a security setup to the bitcoin wallet.The ultimate advantage of bitcoin is decentralized concept.No one can control the price of bitcoin.

The advantage of bitcoin was many the most important advantage was you will need other person for you to make your investment bigger and there are many features will available for you to make your savings more higher.

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March 26, 2018, 01:47:40 PM
 #100

Now the transcation fee of bitcoin is reduced to half of the old transcation fees..The control of bitcoin transcation is only on the bitcoin user till now.
Until you had send to correct bitcoin address,it can't be transfer from your account.No one can stole the bitcoin from your wallet.You have to make a security setup to the bitcoin wallet.The ultimate advantage of bitcoin is decentralized concept.No one can control the price of bitcoin.

The advantage of bitcoin was many the most important advantage was you will need other person for you to make your investment bigger and there are many features will available for you to make your savings more higher.


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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