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Author Topic: The advantages of bitcoin  (Read 1838 times)
shoujiuhaituo7
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March 17, 2018, 03:36:02 PM
Merited by Dudeperfect (1), BrewMaster (1), Lexurdania (1)
 #1

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.
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March 17, 2018, 03:41:37 PM
 #2

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.

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March 17, 2018, 03:56:48 PM
 #3

Biggest advantages of bitcoin are:
1. Bitcoin can be access in other countries, it is digital currency means their is no paper work. All you need to do is to have a btc wallet and you will be able to send and receive btc.

2. The other good in bitcoin is it's highly appreciating value day by day is its getting higher.

3. Financial freedom in because bitcoin is a decentralized currency means their is no administrator to control it.
jakagintiri
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March 17, 2018, 04:06:12 PM
 #4

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.
Yes, many advantages for bitcoin I really like the bitcoin system that allows users to help the user's economy the user does not have to pay huge taxes and some do not pay taxes at all very helpful once bitcoin in the present day. and how a complete system is implemented.
Surely you all also memorize the true bitcoin excess.

Yipsdow34
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March 17, 2018, 04:09:20 PM
 #5

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.
babala
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March 17, 2018, 04:17:43 PM
 #6

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.
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March 17, 2018, 04:21:23 PM
 #7

The advantage of bitcoin, you dont need to work under the sun to make money, you dont have salestalk your customers to earn money, in bitcoin you just have to invest or post to earn money.
BillCoin
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March 17, 2018, 04:26:35 PM
 #8

Biggest advantages of bitcoin are:
1. Bitcoin can be access in other countries, it is digital currency means their is no paper work. All you need to do is to have a btc wallet and you will be able to send and receive btc.

2. The other good in bitcoin is it's highly appreciating value day by day is its getting higher.

3. Financial freedom in because bitcoin is a decentralized currency means their is no administrator to control it.

"Highly appreciating value everyday.."-That's thing really make me mad, bitcoin is not a financial instrument of making money, it's a currency, no one can promise you that the price of bitcoin will go up at the long run, it's you to invest and believe in it, and nothing prevents from another coin to come out and to rule over bitcoin.
The biggest problem about bitcoin that most of it's users are speculators, so if the price goes down and there is no action for a while, then you will see the usage of bitcoin goes dramatically down because the speculators won't be interested in the currency any more.

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March 22, 2018, 11:45:32 AM
 #9

Advantages of bitcoin are it helps people especially those who are jobless , bitcoin is instrument for having an income of people for their daily lives ..
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March 22, 2018, 03:12:20 PM
 #10

Bitcoin itself is an advantage to all people who have trust on it. Because it provides great profit and change many lives like giving an opportunity to less fortunate one. And that is an advantage of bitcoin for me. 

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March 22, 2018, 03:21:46 PM
 #11

From what i see, with bitcoin 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 22, 2018, 03:30:18 PM
 #12

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.
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March 22, 2018, 03:45:00 PM
 #13

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.

All these and we still lack many things. The bitcoin value is still unstable and we can not use it for routine purposes. I am not sure if you are thinking about this issue on broad sense but I think it is the reality now. Just imagine how many merchants are really their in the world who accepts the bitcoin payment processor right at front desk? You may say thousands of there but I think thousand is not the great number when we talk about the global acceptance of the bitcoin. It has to be far more than that, it must be legal tender everywhere which government doesn't allow yet. Not in the developed countries and neither in the developing countries. I am not saying all the negative stuff about the bitcoin but the thing is these are disadvantages of the bitcoin over the advantages that you have mentioned. We need lot of work to be done yet.


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March 22, 2018, 04:01:39 PM
 #14

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.

All these and we still lack many things. The bitcoin value is still unstable and we can not use it for routine purposes. I am not sure if you are thinking about this issue on broad sense but I think it is the reality now. Just imagine how many merchants are really their in the world who accepts the bitcoin payment processor right at front desk? You may say thousands of there but I think thousand is not the great number when we talk about the global acceptance of the bitcoin. It has to be far more than that, it must be legal tender everywhere which government doesn't allow yet. Not in the developed countries and neither in the developing countries. I am not saying all the negative stuff about the bitcoin but the thing is these are disadvantages of the bitcoin over the advantages that you have mentioned. We need lot of work to be done yet.
But can't we admit the system that Bitcoin has in place today, is much much much better than the old traditional banking system? Sure it isn't perfect but Rome wasn't built in a day right? That known we should be humbled that we are witnessing such an event in history, one that could change the way we do finance forever. The change is happening, but it will happen slowly over time. Give it another 5-10 years and see if there aren't more advantages than disadvantages, I would bet all my money that there will be more advantages in the near future.

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March 22, 2018, 04:11:59 PM
 #15

The main advantage of bitcoin is the possibility of independence from the state and banks. But it seems to me that bitcoin appeared earlier than its time. People are not yet ready for independence. I see a lot of people who are willing to sell the idea of bitcoin in exchange for easy access to Fiat. They are ready to support bitcoin regulation by the government.
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March 22, 2018, 04:18:41 PM
 #16

One of the most important reasons why i use Bitcoin is that it broke the restrictions where I can pay any one in the world.
Previously it was difficult to enter markets such as African or Asian markets due to lack of support from Visa, MasterCard and PayPal.
Now I can make gains from those markets and use Bitcoin to buy new products without having to convert to cash.
Thank you for the future revolution (Bitcoin)

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March 22, 2018, 04:22:46 PM
 #17

There are many advantages of bitcoin and I would like to start with freedom of payment as it is the best advantage of mine where the payment is made from peer to peer where the user gets control over it.The second most important advantage is that it is the reliable and safe mode of payment than cash and Netbanking where we don't need to enclose our personal details like Name, Address, Contact Number etc. And the bitcoin payments are highly transparent and Neutrality where the details are password protected in a Blocks under blockchain address.

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March 22, 2018, 04:39:30 PM
 #18

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
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March 22, 2018, 04:46:30 PM
 #19

Hm, so if we are talking about all the advantageous ways of using bitcoin today then should we say that Mr. Satoshi Nakomoto is most succeful person in the world. Does this mean that he is successful in the vision that he had when he created the bitcoin or blockchain initially.  Cheesy How could he be so sure about all these things when he created this world. I think all the advantages that you have listed here are art work of this man and his alias who might worked too hard to make it successful. I think we also have some role in the success of this world as we are the investors of same and we are being supporter of it. Soon there will be acceptance by the whole world and big merchants will take leap forward to make it even successful, so yeah some good points here.  Smiley

   

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March 22, 2018, 04:59:47 PM
 #20

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.

One of the main advantage of bitcoin for me is that it gives those people who doesn't have any jobs a s long they are hardworking and very good in strategy a earnings. Those people who doesn't have any permanent jobs that here in bitcoin are actually the lucky one because in just very simple way they can earn double money that can earn by a office person. But of course, you need to have enough knowledge here in bitcoin.

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