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Author Topic: The advantages of bitcoin  (Read 1950 times)
dvillier
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April 26, 2018, 06:47:07 AM
 #321

I think the benefits of bitcoin are it gives individuals extra chances to procure cash. Like for those individuals without a lasting occupations bitcoin encourages individuals to take care of their issues like money related issue. Despite the fact that individuals that underemployed assists with this bitcoin as long as you are carefully to think and you are learned to can improves your life be in future.
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April 26, 2018, 07:03:24 AM
 #322

The biggest advantage of investing in bitcoins is the freedom that you experience while making payments. With bitcoins, it is possible for you to be able to receive and send money from anywhere in the world. This opens a plethora of opportunities for hungry investors as they don’t have to cross borders, and are always in control of their money. Bitcoin payments are processed through a private network computer connected via a shared program. Each transaction is recorded on every computer at "Blockchain", which updates all the accounts and says. Bitcoin has made the world tremendous changes. Which has played a great role in helping people live their lives nicely.
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April 26, 2018, 07:12:36 AM
 #323

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.

True all these advantages are in bitcoin. Since bitcoin is fairly new, it has no taxes yet so that is a plus too. Because of it's newness, it could rise up more and more as people gets to know of it. But that doesn't mean that we will be careless. Since it is digital currency, it will be vulnerable to hackers and scamers. It's newness is also a way for scanners to destroy the name of bitcoin. Just be smart in your investments and always take care.

xieqieshangu9
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April 26, 2018, 08:45:06 AM
 #324

Bitcoin can avoid inflation, prevent the government from spamming people and avoid economic crises.

Venezuela's economy has collapsed, and local residents use BTC for daily consumption.

Also, in venezuela, the electricity fee is very low, and there is a lot of profit to be made in this BTC.
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April 26, 2018, 08:49:01 AM
 #325

Aside from the fact that it has no taxes yet, because it's fairly new and governments haven't had a ruling for it yet. Bitcoin could be sent all around the world without the danger of not being accepted. Whatever amount of Bitcoin you have for will be the same if you mobe yo another country. Since it is digital, transactions are fast and wide. It could also be anonymous and not leave a paper trail. Lastly, it's for everyone, so long as you know how to use the internet then you can have a bitcoin.

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April 26, 2018, 09:25:35 AM
 #326

Bitcoin is great in its easy access anywhere in any country there are no limits, and also you have the freedom to take it anywhere

The main advantage of bitcoin is, it proves that the coins have a bright future because of its performance last year. From $20 rise up to $20000. And second is it has strong community who supports and many people invested on it. No coins can surpass the price of bitcoin. Bitcoin is the new gold.
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April 26, 2018, 09:54:46 AM
 #327

There are various advantages of bitcoins, bitcoins makes the world transactions easy through online networks making the world moving to a digitalized world in the fast moving century, bitcoins can be transferred all over the world easily without approaching any banks with low transactions charges. inflation and economic crisis will not affect the bitcoins as there are only limited number of bitcoins and like fiat currencies more and more bitcoins cannot be printed as there is only a limited number of 21 million bitcoins in the crypto world. Bitcoins has provided a source of income to the unemployed who are providing products and services in exchange of bitcoins which helps in eradicating the unemployment issues from the world, another important advantage of bitcoins and block chain technology is that as there is no central authority the whole bitcoin system there is no chance for corruption, so if the whole world accepts this technology the world will be a corruption free land. Lastly bitcoins cannot be duplicated like any other fiat currencies so no chances for black market.

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April 26, 2018, 10:02:28 AM
 #328

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.
but keep in mind, currently there are still many issues circulating that the government will legalize bitcoin. which means that the initial fee is low, it could be high because the government will certainly taxable if true bitcoin will be legalkan.

Hans17
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April 26, 2018, 10:37:46 AM
 #329

For me there are tons of different advantages of bitcoin but for me one of the main advantages of bitcoin is it's a decentralized coin which no one else can control the price of bitcoin.
Next is the volatile of the price of bitcoin i admire how the price works though , it can increase and decrease at the same time it opens a new opportunity.

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JPablo
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April 26, 2018, 10:56:48 AM
 #330

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.
Mate I will agree of all you are saying because right and and this moment we appraise bitcoin amd crypto currency because they added life to us and never surrendered for dream'n.
Brangos99
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April 26, 2018, 10:58:56 AM
 #331

What I like about bitcoin excess is the cheap bitcoin transaction process. What do you say. Your credit card transaction also happens instantly? Yes, it is true. But your merchant (and maybe you) for that privilege. Some people charge for debit cards, because they have to pay 'friction money' to meet their demands. Bitcoin transaction costs are minimal, or in some cases free. Bitcoin transactions, however, are generally much faster.
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April 26, 2018, 11:10:31 AM
 #332

There are numerous advantages of bitcoin, one of the biggest advantages of bitcoin that i like is having a financial freedom, you can do exchanges or transfer of bitcoin all you want, without limitations and someone to control it.
TitanGEL
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April 26, 2018, 11:13:35 AM
 #333

The main advantage of the bitcoin is it is decentralized. There is no company, government or institutions who owns bitcoin. Any types of people can use and can buy bitcoins. We can get many benefits from the bitcoins by patronizing it.

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tianok21
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April 26, 2018, 11:22:04 AM
 #334

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 are stored in a blockchain, 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, those are some advantages of bitcoin used. Also, the additional advantages of using bitcoin are; first is the fast transaction with minimum transactions fees. Second is no hazel in any transaction with and also, no limitation in different transactions you want. The third is bitcoin is decentralized and no one can control it and can detect any form of a transaction within. Bitcoin also is exchangeable to fiat or any currencies. This is some additional advantages of bitcoin and the advantage of bitcoin is too many.
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April 26, 2018, 11:36:05 AM
 #335

The great advantages of bitcoin to other altcoins is that bitcoin had establish already there program, its uses ,its features and it is already recognize by people and other investors , in terms of market rank bitcoin is on the top among other altcoins and bitcoin now is very known and popular in the dogital market.
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April 26, 2018, 11:48:58 AM
 #336

I like bitcoin with a transparent system, Bitcoin can pass transactions worldwide without tax cuts from the state government, And the transaction is very fast and secure without going through a third party. Not just bitcoin, many other digital currencies such as eth, litecoin, and others.
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April 26, 2018, 12:20:27 PM
 #337

In general, we all know that bitcoin have a lot of advantages. Bitcoin is highly reliable, it is good for a long-term investment for the future use. It has no third party transaction at all. And its transactions are highly secured and it can give you control over your money.
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April 26, 2018, 12:43:23 PM
 #338

The main advantage of the bitcoin is it is decentralized. There is no company, government or institutions who owns bitcoin. Any types of people can use and can buy bitcoins. We can get many benefits from the bitcoins by patronizing it.
Yes, bitcoin is almost untouchable because it doesn't have a central control but one thing I really like bitcoin and that is because of its high value if I converted it into our local money and its volatility making it a perfect way for profitable trading.
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April 27, 2018, 03:16:35 PM
 #339

The main advantage of the bitcoin is it is decentralized. There is no company, government or institutions who owns bitcoin. Any types of people can use and can buy bitcoins. We can get many benefits from the bitcoins by patronizing it.
Yes, bitcoin is almost untouchable because it doesn't have a central control but one thing I really like bitcoin and that is because of its high value if I converted it into our local money and its volatility making it a perfect way for profitable trading.
I think we can make a profit of 100 - 150% here, I bought a few btc yesterday when the price is cheap, now actually I already get profit if sell it but I do not want to do that, I will hold it until the end of this year and I am sure I will get profit of 150% even more
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April 27, 2018, 03:27:06 PM
 #340

There are many positive points for bitcoin like-
1) No Third-party Interruptions
2) Purchases Are Not Taxed
3) Very Low Transaction Fees
4) Mobile Payments
 
you find many more positive points for bitcoin but like wise these some points make bitcoin is better then other currency. Cheesy Cheesy
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