The advantages of bitcoin

[bohr]

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 characteristic that I like the most about bitcoin is that no one can take your money away from you, when it comes to fiat, governments can freeze your accounts for whatever reason in fact that has happened to one person that I know and he did nothing wrong and since he had all his money there he suffered for his lack of money but this is not something that it is going to happen to you with bitcoin.

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[majeed]

we will have a chance to make if we use bitcoin. By holding bitcoin, our balance will become bigger in the future because we always know that the price of bitcoin continues to increase over year and year. Moreover, using bitcoin will make us understand more the blockchain

[BitcoinMarketer39]

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 really good for long term investment and because of that, most of the people are really interested on investing in it and some are leaving their corporate jobs to focus on trading because they are earning more money in the market by just holding cryptocurrency.

[Jessica2009]

            The main advantages of Bitcoin is freedom of payment there is no restrictions no charges and it is easy to handle the user himself has the control of his money no Banks interfere in the transactions and impose any charges. Bitcoin is the easiest and safest way to earn money for the jobless and those who want to make more income the easy way to make money is by  joining the signature campaign and work what the campaign ask with their given time. Investing is also another way to make more profit.

[cpkozak]

Bitcoin holders can easily convert Bitcoin into cash or other assets at a cost of almost zero, unlike stock companies that require third parties to process orders for a fee.
Traditional investors can trade in digital money with high efficiency and low cost, making Bitcoin investments both short term and long term both feasible and convenient.

[inanilujimi]

I think the most important bitcoin advantage is that we keep money safely and that money can be double the price when we save it. far different from the bank, and certainly no one can stop bitcoin.

[tprabash]

The best advantage of BTC is a good investment method we can invest with no fear market is very good for investors.

[shushu9977]

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 biggest advantage of Bitcoin, we can easily transfer any amount of Bitcoin(24hours/day) to anywhere in the world(one place to another place).It is very useful and helpful for our economical system,local business,international business etc.This is most digital system.The fee of transaction is very low and we can transfer any kind of bitcoin without any risk or tension.Blockchain gives us a wonderful and amazing payment system.Besides, we can control it by myself.

[Clyvizcarra]

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.

[laravuemaster]

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 really good for long term investment and the volatility of the market makes the cryptocurrency really profitable, the transaction fees today is very expensive but it will not be a problem anymore in the future since the technology is growing so we can expect a better block chain.

[Meowth05]

bitcoin is transparent we will know where the direction of transactions made by people and bitcoin is also very special because of the decentralized nature which means not tied to anything and free to the world

Indeed, because of decentralized nature of bitcoin there a lot of benefits you could get upon it. In my case bitcoin had change my life because compared before I couldn't even buy the things I want but now I have enough savings to sustain our daily expenses. Especally, I could now able to help my parents from our expenses yet, I guess this will be my guide to fulfill my dreams.

[intingko]

the advantage of bitcoin is very important,like people who manage the crypto business. they give advantage how to handle money.

[tprabash]

We can do tradings easily at home or office it will be the best advantage of BTC and it will help to the BTC use more

[dekafee79]

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.

yes, i think. bitcoin very easily and fastly, direct payment transactions and safety.

[didik12]

The advantage of bitcoin it is a good in a long term investment beacuse the prize of bitcoin is not a stable they have posibility that your investment become double.and bitcoin is profitable in a short period of time and they have a lot of users change the lifestyle through bitcoin and also bitcoin have no taxes in my country so i claim my profits full.

[Kidmat]

The advantage of bitcoin it is a good in a long term investment beacuse the prize of bitcoin is not a stable they have posibility that your investment become double.and bitcoin is profitable in a short period of time and they have a lot of users change the lifestyle through bitcoin and also bitcoin have no taxes in my country so i claim my profits full.

This is really I like when using bitcoin then converted into fiat and no tax collected by the government. The adoptation by many people into bitcoin because they can earned money from bitcoin. This opportunity really good to all of us, also using this bitcoin to make transactions is one of a good advantages that most likes.

[gilangIDR]

The advantage of bitcoin it is a good in a long term investment beacuse the prize of bitcoin is not a stable they have posibility that your investment become double.and bitcoin is profitable in a short period of time and they have a lot of users change the lifestyle through bitcoin and also bitcoin have no taxes in my country so i claim my profits full.

This is really I like when using bitcoin then converted into fiat and no tax collected by the government. The adoptation by many people into bitcoin because they can earned money from bitcoin. This opportunity really good to all of us, also using this bitcoin to make transactions is one of a good advantages that most likes.

Bitcoin has many benefits when we can use it well. Bitcoin system really helps us in doing financial transactions. In essence that bitcoin does have many advantages over other media. I can make bitcoin as currency and I can also use bitcoin as a very profitable investment. Increased and decreased bitcoin prices very quickly make me able to use it, when we can take momentum and make decisions with the right then the results will be very satisfactory for our lives.

[adpinbr]

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 agree with everything you said but I also want to add the advantages of bitcoin in our country and one it is that it reduces our unemployment rate and it is decentralized or a peer-to-peer cryptocurrency which means when we have to transmit money to far away places it has cheaper bills than the usual transmittal bill.
We are also lucky to have bitcoin. Bitcoin is for knowledgeable people but even if you are not knowledgeable about the new technology any users can still use bitcoin.

[Clover_Faith]

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.

For me the number one advantage of bitcoin is, we can use bitcoin in other country just convert it into a fiat they use right.

[Techie5879]

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.

For me, I think that the benefits of bitcoin far outweigh the disadvantages. I can transact anytime, while other forms of banking like even NetBanking pose a time limit for transactions in our country. There is a lot of hassle going through all the formalities to encash cheques in our country, and bitcoin makes it easy for us. Transactions are also much more secure provided we follow certain security practices, and that keeps my mind in a state of peace:P
And yes, you are correct in some points, like bitcoin still has to be universalized, and not many can use bitcoin due to illiteracy, but we should go ahead and focus on the positive side of things.
As for paying for stuff, in UK, USA or China, bitcoin ATMs have been setup extensively, and a lot of small shops, stores and businesses accept BTC too. KFC Canada is also accepting BTC as payment, so adoption is increasing.