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Author Topic: The advantages of bitcoin  (Read 2165 times)
yslyv
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April 27, 2018, 03:42:21 PM
 #341

the main advantage is it is based on a very uniqu technology called blockchain. all the processes are decentralized and anonymous. there is no authority can stop it or stop transactions. as soon as there are miners transactions are ok without any doubt.

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April 27, 2018, 03:46:28 PM
 #342

There are so many advantages of bitcoin in addition to increased income or investment.
Beyond the results of much of the social value that can be from bitcoin.
One of which we can interact with international colleagues and outside the region, we can know how about the world of cryptocurrency or digital currency.
Can have other currency for transactions in various places that receive payment with bitcoin.
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April 27, 2018, 04:18:00 PM
 #343

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 an easy way to make a profit without having to work hard, and bitcoin can also be used as a way to double money by holding it, bitcoin really becomes a good investment for me.
LuciferEveningStar
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April 27, 2018, 05:25:16 PM
 #344

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 good for long term investment because of the market's volatility, cryptocurrency is keep on growing today since there are a lot of ico's who are starting their companies monthly so we can expect a bright future for bitcoins.

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April 27, 2018, 05:29:52 PM
 #345

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 think the advantage of Bitcoin can be a stable currency as well as a lot of influence on the Crypto virtual currency market, so there are a lot of believers in this money, now my country is growing, but the Virtual currency has not been accepted operating in the country.

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April 27, 2018, 06:30:47 PM
 #346

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, Bitcoin has a lot of advantages but most of all, it has a robust platform of development and stable development in the market so that I can get a lot of profit in the virtual currency. My choice is always Bitcoin to invest; maybe Bitcoin will be the most developed currency in the future.

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futuret
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April 27, 2018, 07:33:31 PM
 #347

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.
Bitcoin is a wonderful package consisting of amazing characteristics. It has given speed in transactions at cheap rates. It is cheap when it comes to transacting millions of dollars. Decentralization is the best feature as it is a cause of constant irritation for the governments. They are unable to control people’s money now. I admire its security a lot. None other invention is as secure as bitcoin.
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April 27, 2018, 07:34:38 PM
 #348

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.
You just need effort and time in your campaign and you wil earn a lot without working under the sun. You can earn without investing just keep posting to earn in bitcoin.
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April 27, 2018, 07:46:41 PM
 #349

The bitcoin advantages is gives chance to the people to invest, that gives good profit, people has a freedom to invest. We can use bitcoin for payments online that its fast. Bitcoin has no taxes, it cannot control by the government, and they don't control bitcoin.
I agree with that because people will have an extra income and you can invest without money and easy and secure your money through transaction of payments.
Indra32
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April 27, 2018, 07:47:37 PM
 #350

All currencies even the most stable ones of the developed countires lose their value with time. But BTC only grows so far. This is its main advantage.


I think the benefits of bitcoin are a lot of people think of it as a good investment so I can assume it is also an advantage of bitcoin.
To me, the advantage of bitcoin today is that it can make transactions easier and faster because there is no physical appearance of the money needed.
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April 27, 2018, 07:51:18 PM
 #351

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. 
I agree with that you have a big opportunity to earn and help others less fortunate to earn too. It easy to earn and use an extra income and support financial problems.
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April 27, 2018, 09:49:31 PM
 #352

First of all, absence of a third party in the transfer of money and you can send as much money as you want on. Other than that, few fee than other money tranfer system's. And its more protectable.
Dainye_dyep
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April 27, 2018, 10:03:30 PM
 #353

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.
That was indeed the observable functions and traits that Bitcoin have. Those were the characteristics that mainly make Bitcoin unique among other crypto added by the fact that it offers other services and already widely been used around the world. Since Bitcoin was a digital currency, the traditional way to transact money was made more easier and faster with a couple clicks in hand through the use if any modern technological gadgets that uses internet to access Bitcoin. Also, Bitcoin's main advantage is its capacity and capability to provide income even someone do not have any stable job to work on and at the same time, have a profit from it due to the fact that its volatility makes it a big factor why the value changes in lined with the rise of the demand in the virtual market that makes in more popular and rises up its price in the market making it more beneficial.
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April 27, 2018, 11:10:21 PM
 #354

There are Couple of Advantages The main few are

1) its  decentralized you can send or receive money from anywhere in the world .2) you can transfer as much as you can there no limit to it .3) its good for investment you can have high return in short time which its not possible for property of real estate
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April 27, 2018, 11:20:40 PM
 #355

Clearly and absolutely,the biggest advantage of Bitcoin is the continuous increase on its market value for a long. The increase on its price boosts its popularity as well as the demsnd that it is having in the market. Also, the increase is what makes Bitcoin an interesting investment for the investors because profit is assured to be earned from investing into it. It is also what made Bitcoin a strong currency at this point.
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April 27, 2018, 11:32:52 PM
 #356

Bitcoin is currently the most developed digital currency. Bitcoin has the following advantages:
1. Bitcoin has high security. Bitcoin is trusted by everyone.
2. bitcoin expands around the world. You can participate in bitcoin in all over the world.
3. Bitcoin prices always fluctuate rapidly.

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April 28, 2018, 12:05:22 AM
 #357

Bitcoin is the most valuable digital currency today. bitcoin has the following advantages:
1. Bitcoin has high security.
2. Bitcoin is supported by many countries such as Japan.
3. The bitcoin market is expanding around the world.
4. Bitcoin prices always fluctuate rapidly.
I agree with you that bitcoin has a high security, and i totally believe that the other advantages of bitcoin is it giving a good profit for many people all over the world and bitcoin can be the future of this world and lastly all people have a chance to became rich with bitcoin.

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April 28, 2018, 12:16:02 AM
 #358

Beside that advantages, Bitcoin have good advantages that we are looking. As investment, bitcoin price history show us that bitcoin can be a good investment and no one investment can give gain like bitcoin did
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April 28, 2018, 12:31:11 AM
 #359

Clearly and absolutely,the biggest advantage of Bitcoin is the continuous increase on its market value for a long. The increase on its price boosts its popularity as well as the demsnd that it is having in the market. Also, the increase is what makes Bitcoin an interesting investment for the investors because profit is assured to be earned from investing into it. It is also what made Bitcoin a strong currency at this point.

Bitcoin price always increasing year by years and thats attracting people to investing on bitcoin. Beside that, in internet era where people always use internet for their purpose, bitcoin or cryptocurrency will dominant the transaction on the internet. Lower fee and fast transfer make people accepting bitcoin as internet currency

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April 28, 2018, 01:14:00 AM
 #360

One of the advantages of bitcoin that i do like is it's volatility where bitcoin's market price can spike drastically in just a few hours that would even last for days. It's the only characteristic it has that can give us big profit so that's why it's the advantage that i like the most.

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