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Jambolb2
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April 30, 2018, 02:15:58 PM |
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Bitcoin is the first crypto currency originated in the year 2009.It has the specific characteristics which are useful to the human being to their daily life. It is a decentralized one so there is not any government control over it, and maintains the anonymity. All transactions are recorded in an electronic ledger with block chain technology. By knowing the properties of bitcoin more people are attracted to it for the day trading and investment .It can be usable for the domestic service bill payment and local shopping and for the international shopping as well .Also bitcoin can eradicate the unemployment problems of the educated mass in the world.
Bitcoin is the world no.1 cryptocurrency and just in 9 years it covers the entire world. The reason is that the price if bitcoin is growing day by day and the early investors made thousands of dollars from their investment. This is the big advantage of bitcoin. You can make money by just holding your bitcoin for some time while doing nothing. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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feverpitch
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April 30, 2018, 02:25:57 PM |
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I've read recent news, stiwzerland's banks are planning to make their own cryptobanks which may cover btc and could accept it like a payment tool.
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zissmieus
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April 30, 2018, 03:51:30 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.
Yes, Bitcoin has a lot of advantages in that the development platform of this virtual currency is considered to be very important to Bitcoin's life, which is the largest and highest price in the market. Bitcoin has a lot of impact on other currencies on the same market as Crypto. I believe in the future there will be no a Bitcoin pass. |
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Semaj123
Member
 Offline
Activity: 434
Merit: 10
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April 30, 2018, 03:55:34 PM
Last edit: April 30, 2018, 08:39:45 PM by Semaj123 |
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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.c
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. Through bitcoin you can definitely have the chance to earn plenty of money as long as you can do your job well. And the advantage of bitcoin is, this is for everyone who is interested to know more about bitcoin. It is also the fast and easy way to transfer money from one to another person. |
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fritzwalter195
Jr. Member
Offline
Activity: 126
Merit: 1
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April 30, 2018, 04:07:40 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.
This is the best thing ever, down with the banking system monopoly! These people hold our money against our will and enforce horrible interest rates, it's about time! |
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Varavu
Newbie
Offline
Activity: 89
Merit: 0
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April 30, 2018, 04:19:13 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.
Nice information dude. Also some of Advantages of Bitcoin. 1. High reliability. 2. Strong growth. 3. Highly secured. these are the main advantages of Bitcoin. It is occupied in high market capitalisation and high value so all the investors are looking this coin. It is decentralised cryptocurrency this is first advantage of this coin then only all the altcoins are following. |
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wraithdot
Jr. Member
Offline
Activity: 170
Merit: 1
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April 30, 2018, 04:20:10 PM |
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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.
The advantage of bitcoin for me is that they're allow anyone who wants to join in it.And that way you can easily get a chance to look over the other side of money for me to have both coins and then we will help financial problems because of the bitcoin. |
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Bolivar_Tony
Member
Offline
Activity: 322
Merit: 10
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April 30, 2018, 04:29:16 PM |
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I think Bitcoin's greatest advantage is having a lot of people involved in investing as well as getting very high prices in the market, Bitcoin currency is now worth the money for investors to invest most . in my country Bitcoin as a croissant for those who know the virtual currency and have experience of investment.
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Kamote_1102
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April 30, 2018, 04:41:53 PM |
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the advantages of bitcoin are; fast, easy and low-cost transactions. you don't have to go to a bank anymore. you can buy things online using bitcoin. you can invest and earn more money in Bitcoin. and you can do it at home, just by having an Internet connection and a computer or Laptop. you can even do it on your cell phone. Now, I have more time with my Loved ones.
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bitcoinsocial09
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April 30, 2018, 04:47:40 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.
Indeed, bitcoin have a lot of advantages in each of us. Iy is very helpful to everyone because it gives hope to the people to earn for themselves nd to earn money for themselves. Bitcoin also is trusted investment. Also it gives to the people have better life because less hassle for them to go anywhere because we all knkw that bitcoin is a digital or what we called a crypto currency. |
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NeverSop
Member
Offline
Activity: 518
Merit: 11
HODL
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April 30, 2018, 05:09:07 PM |
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The advantage of bitcoin is the extremely low transaction fees that make it easy for investors to enter the cryptocurrency market. Bitcoin is used as a quick and modern payment tool. Since the introduction of bitcoin, many investors have used bitcoin as a trading tool and an effective investment in the cryptocurrency market.
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Andalusy
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April 30, 2018, 05:26:38 PM |
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The biggest advantage of Bitcoin is saving in cost and time by using the power of decentralization to confirm the transaction instead of relying on the centralized authorities and waiting for their actions. Bitcoin is not just a payment tool but it is providing more benefits as compared to that of traditional payment system.
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Lang09
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April 30, 2018, 05:53:33 PM |
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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.
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JL421
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April 30, 2018, 06:30:36 PM |
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You can't completely say it has low fees, fees and speed are not related in case of bitcoin if you want it to send fast the fees will be more and if you want low fees the speed is slow
In crypto the fee problem can be solved by ripple it sends payments lightining fast , the fees is nothing it's just for the sake of charging something
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tony kurniawan
Newbie
Offline
Activity: 151
Merit: 0
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April 30, 2018, 06:47:35 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 that bitcoin can be used as a source of income and is helpful to improve the economy for those who have it. |
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hessanseen
Member
Offline
Activity: 244
Merit: 10
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April 30, 2018, 07:06:09 PM |
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I think the biggest advantage of bitcoin is its investment value, because it has a fixed total of 21 million. With the increasing demand for the community, the price of the bitcoin is getting higher and higher, and many people who invest in bitcoin have gained a lot of profits.
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GeniusAko
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April 30, 2018, 08:09:53 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 reason why many people are now starting to adapt bitcoin because they are aware to the advantages that they can get by using it. Our lives can become better if we will use and buy bitcoins. |
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Tang lancip
Newbie
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Activity: 75
Merit: 0
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April 30, 2018, 08:10:18 PM |
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There are a lot of advantages of having a bitcoin. You can use it as an investment, online transactions, online payments and many more advantages so others called it the best crypto in the world and not to mention, Bitcoin is the most popular crypto so having a bitcoin a bitcoin is like having a gold or even better.
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maminelly
Newbie
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Activity: 210
Merit: 0
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April 30, 2018, 08:22:44 PM |
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the advantage of bitcoin right now is it can make the transation easier and faster due to no physical appearance of money needed many people considered it as a good investment so I can considered it also an advantage of bitcoin...
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Chooroz
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April 30, 2018, 11:35:43 PM |
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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.
The advantages of bitcoin is all people in this world can used or can invest in bitcoin, so that means all people in this world can also became sucessful with bitcoin and the other advantages of bitcoin is people can became very profitable if the price of bitcoin will pump really high. |
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