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whirlcoin
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March 23, 2018, 04:38:58 PM |
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Simply the decentralization is the biggest and new revolution on the currency technology and the other things are easy transaction and safest form of currency but the problem is that people not using bitcoins as currency they using as bump and dump coin.
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Xenoph0bia
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March 23, 2018, 05:00:11 PM |
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The advantages of bitcoins are:
It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
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diva.man
Newbie
 Offline
Activity: 123
Merit: 0
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March 23, 2018, 05:23:16 PM |
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The decentralized concept behind BTC is intended to bring about equal rights and implicit relative equality of wealth.
The result is a wealth distribution that is more unequal than the real world.
BTC's advantages can also be a weakness!
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masterchief001
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March 23, 2018, 05:40:59 PM |
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I think bitcoin has many advantages that other currencies do not have. Bitcoin active dam set up. bitcoin direct payment transactions. Bitcoin is not administered by any country. It has high security, simple payment quick.
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semobo
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March 23, 2018, 05:42:01 PM |
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The advantages of bitcoins are:
It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
Yes bitcoin gives us a way to earn good amount of money in short period due to its volatility but we need to use bitcoin as a Money not as a Money making tool if we continue to do then bitcoin may not last long much longer so we need to hold bitcoin as much as possible. And it gives us the decentralization technology so we don't need anyone help to transfer money anymore. |
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AVAMONEY
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March 23, 2018, 05:48:00 PM |
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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.
I have read similar articles like this, it has been repost many times on some blog webs, some source https://steemkr.com/bitcoin/@crypt07/what-are-the-advantages-and-the-disadvantages-of-bitcoin-hot-discussionyou need to put your articles resource, even though you modify few words of it but credit should be to original poster. Bitcoin are interesting discussion topic, with many of advantages it still having many room for development. However, over time we find that Bitcoin often has transaction fees problems. At the time, network was flooded with many transactions per second which exceeds its capacity, many tx was being stuck for a week even more, and increasing tx fees was important thing as solution to avoid this. |
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Happydd
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March 23, 2018, 06:11:50 PM |
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The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
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matuson
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March 23, 2018, 06:19:50 PM |
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The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
1. Bitcoin is under the control of banks and governments. We provide all documents for trading on stock exchanges. Coinbase recently handed over to the government data about 13000 of their accounts. 2. The bitcoin code is not compromised. But our bitcoins can be stolen from the stock exchange or wallet. 3. There are some countries that prohibit the use of bitcoin on their territory. Make purchases for bitcoin is also very problematic anywhere in the world except Japan. |
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umar22pk
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March 23, 2018, 06:46:41 PM |
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There are a lot of advantages of Bitcoin…
First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
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Clyvizcarra
Newbie
Offline
Activity: 59
Merit: 0
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March 23, 2018, 07:03:49 PM |
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Very Low Fees. Currently there are either no fees, or very low fees within Bitcoin payments. ... Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
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Edraket31
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March 23, 2018, 07:13:02 PM |
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There are a lot of advantages of Bitcoin…
First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
The very good thing that I am seeing with bitcoin aside from the fact that some people are doing it as their way of investment is that bitcoin makes our life comfortable when it comes to transacting things out, easy to pay bills, cash in cash out, transferring money. |
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Astermony
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March 23, 2018, 07:14:49 PM |
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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.
Yes, I agree. Bitcoin has many advantages that benifits the user. It is accessible, you only have to do is that to an internet access. Bitcoin is also investing without any profit that's why lay people can join even a college student also. That's bitcoin is reliable in some instances. |
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flower1024
Legendary
Offline
Activity: 1428
Merit: 1000
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March 23, 2018, 07:21:08 PM |
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The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
1. Bitcoin is under the control of banks and governments. We provide all documents for trading on stock exchanges. Coinbase recently handed over to the government data about 13000 of their accounts. 2. The bitcoin code is not compromised. But our bitcoins can be stolen from the stock exchange or wallet. 3. There are some countries that prohibit the use of bitcoin on their territory. Make purchases for bitcoin is also very problematic anywhere in the world except Japan. The advantages are depended on your country. If you provide KYC to any exchange then you will be under control of your governament, but still it depends on which exchange site you are using. If you use security on your system and keep your private keys safely then nobody will hack your wallet. You can buy bitcoins but you must pay tax for your profit this is the rule in many countries around the world. |
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jmiro1
Member
Offline
Activity: 235
Merit: 11
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March 23, 2018, 08:00:49 PM |
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You are right but I'm sorry I can't agree with the second one. The one with " very low fees". I don't think the fees are very low nowadays. The figure is much higher than it should be. Even if you are looking for some cents (BTC) to trade still you have to pay a good amount of money (Dollar for example). But the rest of the advantages are all good.
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ArnoldChippy
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March 23, 2018, 10:23:11 PM |
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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.
Yes, I agree. Bitcoin has many advantages that benifits the user. It is accessible, you only have to do is that to an internet access. Bitcoin is also investing without any profit that's why lay people can join even a college student also. That's bitcoin is reliable in some instances. Yes that is right that a lot of advantage of bitcoin are there, and as time pass bitcoin advantages will continue increasing because bitcoin bitcoin use is now increasing from time to time. I think that the main advantage of bitcoin is that bitcoin can be use anywhere in the world without changing it into any other crypto currency. Bitcoin can also be use for both online as well as in offline shops for shopping. |
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franzkie345
Newbie
Offline
Activity: 98
Merit: 0
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March 23, 2018, 10:41:40 PM |
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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.
The advantages of bitcoin is that it help us to earn extra income, it helps also jobless people to earn money its like giving opportunity to the people who are less fortunate because it helps to provide money. |
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Hari1123
Newbie
Offline
Activity: 56
Merit: 0
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March 23, 2018, 11:07:52 PM |
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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 you dont need to work under the sun to earn money like construction workers, you only need talk to people and persuade them to buy bitcoins. |
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jademaxsuy
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March 23, 2018, 11:19:43 PM |
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actually there are many advantages of bitcoin to specify here in this threads and im only going to specify the highlights. If bitcoin is being centralized these are the possible advantage
1. it is easy to make transaction because it will be done online and queuing will be minimize or will be erdicated.
2. theives could not detect you bringing bulky of money in your pocket since you are just bringing yourself and your phone wherein your money is being secured and converted as digital currency after purchasing it.
3. you can travel around the world without the hassle of going to money exchanger for they will not accept money coming from other countries except those money changers.
4. you use your digital currency in every establishment where you will going to purchase products or goods and even pay the service being rendered to you.
5. btc will use and transfer to relatives that needed your financial support especiallly if you are the breadwinner and working abroad. there will be no bank with trnasferring btc so therefore low transaction fees to be expected.
and many more.
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Barrett Edwards
Jr. Member
Offline
Activity: 36
Merit: 1
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March 23, 2018, 11:24:59 PM |
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Peer to peer transfer. Is the biggest advantage of bitcoin around the world
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esa2782
Newbie
Offline
Activity: 101
Merit: 0
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March 24, 2018, 02:18:22 AM |
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i think and i believe there are a lot of advantages of bitcoin, but what i think is more significant is that bitcoin is changing the landscape of social structure, it should be seen as a post structuralism, because before we believe and think that society should be "govern" and ruled in one side model, which of course create hierarchy and power over people, but the concept of bitcoin which is private, everybody take part in controlling, accepting and approving is a kind of a new model for our next society.
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